t Provisions, Contingent liabilities and Contingent assets

A provision is recognised when the Company has a present obligation as a result of past event and it is probable that an outflow
of resources will be required to settle the obligation, in respect of which reliable estimate can be made. Provisions (excluding
retirement benefits and compensated absences) are not discounted to its present value and are determined based on best
estimate required to settle the obligation at the balance sheet date. These are reviewed at each balance sheet date and
adjusted to reflect the current best estimates. Contingent liabilities are not recognised in the financial statements. A contingent
asset is neither recognised nor disclosed in the financial statements.

u Contributed Equity

Equity shares are classified as equity.

Earnings per Share

Basic earnings per share is calculated by dividing:

-the profit attributable to the owners group

-by the weighted average number of equity shares outstanding during the year.

3 NOTES FORMING PART OF ACCOUNTS

(i) Balance of cash on hand at the end is accepted as certified by the management of the company

(ii) The figures of the previous year are regrouped as and where required from the report of the previous auditor.

(iii) Balance of Sundry Debtors, Creditors, Loans & advances are subject to confirmation of the parties taken by Management.

(ii) Rights, preferences and restrictions attached to shares

Equity Shares: The Company has one class of equity shares. Each shareholder is eligible for one vote per share held. The dividend
proposed by the Board of Directors is subject to the approval of the shareholders in the ensuing Annual General Meeting, except in
case of interim dividend. In the event of liquidation, the equity shareholders are eligible to receive the remaining assets of the
Company after distribution of all preferential amounts, in proportion to their shareholding.

Detailed note on shares reserved to be issued under options and contracts / commitment for the sale of shares / divestments
including the terms and conditions.

The company does not have any such contract / commitment as on reporting date.

Detailed terms of any securities convertible into shares, e.g. in the case of convertible warrants, debentures, bonds etc.

The company does not have any securities convertible into shares as on reporting date.

The Company has issued fresh equity shares of 6000000 shares amounting to Rs. 10 (face value) through Initial Public Offer.
Company is listed as on 08/10/2024 on BSE SME platform.

30 Other Statutory Disclosures as per the Companies Act, 2013

1. The Company has not granted any Loans or Advances in the nature of loans to promoters, Directors, KMPs and the related parties (as defined under
Companies Act, 2013,) either severally or jointly with any other person, that are (a) repayable on demand or (b) without specifying any terms or period of
repayment.

2. The Company does not have any Benami property, where any proceeding has been initiated or pending against the Company for holding any Benami
property.

3. The Company has not declared willful defaulter by any bank or financial institution or other lender.

4. Based on the information available with the Company, the Company does not have any transactions with companies struck off u/s 248 of the Companies
Act, 2013.

5. The Company has not traded or invested in Crypto currency or Virtual Currency during the audited period.

6. The Company has not advanced or loaned or invested funds to any other person(s) or entity(ies), including foreign entities (Intermediaries) with the
understanding that the Intermediary shall: (a) directly or indirectly lend or invest in other persons or entities identified in any manner whatsoever by or on
behalf of the company (Ultimate Beneficiaries) or (b) provide any guarantee, security or the like to or on behalf of the Ultimate Beneficiaries.

7. The Company has not received any fund from any person(s) or entity(ies), including foreign entities (Funding Party) with the understanding (whether
recorded in writing or otherwise) that the Company shall: (a) directly or indirectly lend or invest in other persons or entities identified in any manner
whatsoever by or on behalf of the Funding Party (Ultimate Beneficiaries) or (b) provide any guarantee, security or the like on behalf of the Ultimate
Beneficiaries.

8. The Company has not entered into any such transaction which is not recorded in the books of account that has been surrendered or disclosed as income
during the year in the tax assessments under the Income Tax Act, 1961 (such as, search or survey or any other relevant provisions of the Income Tax Act, 1961.

9. The Company has not entered into any scheme of arrangement therefore approval of competent authority in terms of sections 230 to 237 of the
Companies Act, 2013 is not required.

10. The Company does not have any charges or satisfaction which is yet to be registered with Registrar of Companies beyond the statutory period.

31 Regrouping

The figures of the previous year have been re-arranged, re-grouped and re- classified wherever necessary.

As per our report of even date

For M/s V S S B & Associates For and on behalf of the Board of

Chartered Accountants Neopolitan Pizza and Foods Limited (Formerly known as Neopolitan Pizza Limited)

Firm's Registration No. 0121356W

Sd/- Sd/- Sd/- Sd/-

Vishves A. Shah Mukund Purohit Arti Purohit Aditya Agarwal

Partner Managing Director and

Cfo Director Company Secretary

Membership No. 109944 DIN 02464280 DIN 05186319

UDIN: 25109944BMGPMS7615

Place: Ahmedabad Place: Vadodara

Date: 11 June 2025 Date: 11 June 2025