p) Provisions and Contingencies

The Company recognizes provisions when a present obligation (legal or constructive) as a result of a past
event exists, and it is probable that an outflow of resources embodying economic benefits will be
required to settle such obligation and the amount of such obligation can be reliably estimated.

If the effect of time value of money is material, provisions are discounted using a current pre-tax rate that
reflects, when appropriate, the risks specific to the liabilities. When discounting is used, the increase in
the provision due to the passage of time is recognized as a finance cost.

A disclosure for contingent liabilities is made when there is a possible obligation or a present obligation
that may, but probably will not require an outflow of resources embodying economic benefits or the
amount of such obligation cannot be measured reliably. When there is a possible obligation or a present
obligation in respect of which likelihood of outflow of resources embodying economic benefits is remote,
no provision or disclosure is made.

A provision is recognized if, as a result of a past event, the Company has a present legal obligation that
can be estimated reliably, and it is probable that an outflow of economic benefits will be required to settle
the obligation. Provisions are determined by the best estimate of the outflow of economic benefits
required to settle the obligation at the reporting date. Where no reliable estimate can be made, a
disclosure is made as Contingent Liabilities.

Contingent assets are a possible asset arising from past events, the existence of which will be confirmed,
only by the occurrence and non-occurrence of one or more uncertain future events not wholly within the
controls of the Company. Contingent assets are not recognized till realization of the income is virtually
certain and are not recognized in the Financial Statements. The nature of such assets and an estimate of
its financial effects are disclosed in the notes to the Financial Statements.

q) Exceptional Items

Exceptional items are disclosed separately in the Financial Statements, where it is necessary to do so to
provide further understanding of the financial performance of the Company. These are the material items
of income or expenses that have shown separately due to their nature and incidence. An ordinary item
of income or expense which by its size, nature, occurrence or incidence requires a disclosure in order to
improve understanding of the performance of the Company is treated as an exceptional item in the
Statement of Profit and Loss.

r) Event after Reporting Date

Adjusting events are those events that provides further evidence of conditions that existed at the end of
the reporting period. The Financial Statements are adjusted for such events before authorization for
issue. Non-adjusting events are those events that are indicative of conditions that arose after the end of
the reporting period. Non-adjusting events after the end of the reporting period are not accounted, but
disclosed if material.

All the events occurring after the balance sheet date up to the date of the approval of the Financial
Statement of the Company by the board of directors on May 28, 2025, have been considered, disclosed
and adjusted, wherever applicable, as per the requirement of Indian Accounting Standards.

s) Cash Flow Statements

Cash flows statements are reported using the method set out in the Ind AS - 7, "Cash Flow Statements"
and is prepared by using indirect method adjusting the net profit / (losses) before tax excluding
exceptional items for the effect of:

i) Changes during the period in inventories and other operating receivables and payables;

ii) Non-cash items such as depreciation, provisions, unrealized foreign currency gain / (losses); and

iii) all other items for which the cash effects are investing and financing cash flows.

The cash flows from operating, investing and financing activities of the Company are segregated. The
cash and cash equivalents (including balances with banks), shown in the Statement of Cash Flows exclude
items, which are not available for general use as at the date of Balance Sheet.

t) Cash and Cash Equivalents

Cash and cash equivalents include cash and cheques-in-hand, balances with banks, and demand deposits
with banks where the original maturity is three months or less and other short-term highly liquid
investments net of bank of overdrafts, which are repayable on demand as these from an integral part of
the Company's cash management.

u) Commitments

Commitments are the future liabilities for contractual expenditure, classified and disclosed as follows:

i) estimated amounts of contracts remaining to be executed on capital account and not provided for;

ii) other non-cancellable commitment, if any, to the extent they are considered material and relevant in
the opinion of the Company's management.

Other commitments related to sales / procurements made in the normal course of business are not
disclosed to avoid the excessive details.

1.5 RECENT ACCOUNTING PRONOUNCEMENT

Ministry of Corporate Affairs (the “MCA”) notifies new standards or amendments to the existing
standards under the Companies (Indian Accounting Standard) Rules as issued from time to time. For the
period March 31, 2025, the MCA has not notified any new standards or amendments to the existing
standards applicable to the Company.

1.6 KEY ACCOUNTING ESTIMATES AND JUDGEMENTS

The preparation of the Company's Financial Statements is in conformity with the Ind AS, which requires
the Company's managements to make judgments, estimates and assumptions that affect the application
of the accounting policies and the reported amounts of the assets, liabilities, incomes, and expenses
(including the contingent liabilities) and the accompanying disclosures. Uncertainty about these
assumptions and estimates could result in outcomes that require a material adjustment to the carrying
amount of assets or liabilities effected in future periods. Actual results may differ from these estimates.
Estimates and underlying assumptions are reviewed on a periodic basis. Revision to accounting
estimates is recognized in the period in which the estimates are revised and in any future periods
affected.

The key assumptions concerning the future and other key resources of estimation uncertainty at the
reporting date, that have a significant risk of causing a material adjustment to the carrying amount of the
assets and liabilities within the next financial year, are described as follow:

a) Income Tax: The Company's tax jurisdiction is in India. Significant judgments are involved in
estimating budgeted profits for the purpose of paying advance tax, determining the income tax
provisions, including the amount expected to be paid / recovered for uncertain tax provisions (Refer
"Note No. 18").

b) Property. Plant and Equipment: Property, plant and equipment represent a significant proportion
of assets base of the Company. The charge in respect of periodic depreciation is derived after
determining an estimate of an asset's expected useful life and expected residual value at the end of
its life. The useful lives and residual values of assets are determined by the Company's management
at the time the assets are acquired and reviewed periodically, including at each financial year end.
The useful lives of each of these assets are based on the life prescribed in Schedule - II to the
Companies Act, 2013, or based on the technical estimates, taken into the account the nature of the
assets, estimated usage, expected residual values and operating conditions of the assets. The useful
lives are based on historical experience with the similar assets as well as anticipation of future events,
which may impact their life, such as changes in technical or commercial obsolescence arising from
changes or improvements in production or from a change in market demand of the product or service
output of the assets.

c) Defined Benefits Obligations: The costs of providing gratuity and other post-employment benefits
are charged to the Statement of Profit and Loss in accordance with Ind AS - 19, "Employee Benefits"
over the period during which benefit is derived from the employees' services. It is determined by
using the actuarial valuation and assessed on the basis of assumptions selected by the Company's
management. An actuarial valuation involves making various assumptions that may differ from
actual developments in the future. These assumptions include salary escalation rate, discount rates,
expected rate of return on assets and mortality rates. The same is disclosed in “Note No. 44",
"Employee Benefits". Due to complexities involved in the valuation and its long-term in nature, a
defined benefit obligation is highly sensitive to change in these assumptions. All assumptions are
reviewed at each balance sheet date by the Company's Management.

d) Fair Value measurements of Financial Instruments: When the fair values of financial assets and
financial liabilities recorded in the Balance Sheet cannot be measured based on quoted prices in
active markets, their fair value is measured using valuation techniques, including the discounted
cashflow model, which involves various judgments and assumptions. The input to these models is
taken from observable markets wherever possible, where this is not feasible, a degree of judgment is
required in establishing fair value. Judgements include considerations of inputs such as liquidity risk,
credit risk and volatility. Changes in assumptions about these factors could affect the reported fair
value of the financial instruments.

e) Recoverability of Trade Receivables: Judgment is required in assessing the recoverability of
overdue trade receivables and determining whether a provision is against those receivables is
required. Factors considered include the credit rating of the counterparty, the amount and timing of
anticipated future payments and any possible actions that can be taken to mitigate the risk of non¬
payments.

f) Provisions and Contingent Liabilities: The Company's management estimates the provision that
have present obligation as a result of past events, and it is probable that outflow of resources will be
required to settle the obligation. These provisions are reviewed at the end of each reporting period
and are adjusted to reflect the current best estimates.

The Company uses significant judgements to assess contingent liabilities. Contingent liabilities are
disclosed when there is possible obligation arising from past events, the existence of which will be
confirmed only by the occurrence or non-occurrence of one or more uncertain future events not
wholly within the controls of the Company or a present obligation that arises from past events where
it is either not probable that an outflow of resources will be required to settle the obligation or a
reliable estimate of the amount cannot be made. Contingent assets are neither recognized nor
disclosed in the Financial Statements.

g) Impairment of Financial and Non-Financial Assets: The impairment provision of financial assets
is based on the assumptions about the risk of default and expected cash loss rates. The Company uses
judgment in making these assumptions and selecting the inputs to the impairment calculation, based
on the Company's history, existing market conditions as well as forward looking estimates at the end
of the reporting period.

In case of non-financial assets, the Company estimates asset's recoverable amount, this is higher of
an assets or cash generating units (CGU) fair value less the cost of disposal and the value-in-use. In
assessing the value-in-use, the estimated future cash flows are discounted using the pre-tax discount
rate that reflects current market assessments of the time value of money and the risk specific to the
assets. In determining the fair value less cost of disposal, recent market transactions are taken into
account, if no such transactions can be identified, an appropriate valuation model is being used.

h) Recognition of Deferred Tax Assets and Liabilities: Deferred tax assets and liabilities are
recognized for deductible temporary differences and unused tax losses or unused tax credit for which
there is probability of utilization against the future taxable profits. The Company uses judgments to
determine the amount of deferred tax that can be recognized, based upon the likely timing and the
level of future taxable profits and business developments.

* The Company issued 50,90,056 equity shares of the face value of ' 10 each on right basis ("Right Equity Share") to
the eligible equity shareholders at an issue price of 25 per shares, which included a share premium of 15 per
shares. In accordance with the terms of issue, ’ 06.25 per Right Equity Shares (i.e. 25% of the issue price), was
received from the respective allottees at the time of application, upon which the shares were allotted. The Board of
Directors has resolved to raise the balance amount through two further calls, a First Call of ‘ 08.75 per Right Equity
Shares (Including a premium of ’ 05.25 per share) and Second and Final Call of ’ 10 per Right Equity Shares
(Including a premium of ' 06.00 per share).

** The term deposits held by the Company with banks and financial institutions comprise time deposits made for
varying periods of upto one year and earn interest at the respective deposit rates.

*** No amount of advances and receivables are due from directors or other officers of the Company either
severally or jointly with any other persons, nor due from firms or private companies respectively in which director is
partner, a director or a member.

Securities Premium: The Securities Premium Account is used to record the premium received on the issue of equity shares. This reserve is primarily utilized in accordance with the provisions of the

a) Companies Act, 2013. During the year, the Company utilized an amount of ^ 37.57 lakhs (Previous Year: ^ 42.98 lakhs) from the Securities Premium towards expenses incurred in connection with the
rights issue.

Remeasurement of Defined Benefits Plan: This represents the cumulative gains or losses arising from the remeasurement of defined benefit plans in accordance with Ind AS 19, which have been
bj ~

recognized in Other Comprehensive Income.

c) Retained Earnings: etained Earnings represent the accumulated and undistributed profits of the Company as at the reporting date of the Financial Statements.

Share Call Money: Call money refers to the portion of the issue price of shares (face value and premium) that has been called up by the Company from the respective shareholders after the initial
allotment of partly paid shares. It represents the balance amount payable by Shareholders in respect of such shares as per the terms of the issue. The Company may raise the balance amount of partly

d) paid shares in one more installments, referred to as Second Call and Final Call, as decided by the Board of Directors. The amount of call money received is credited to Share Capital and Securities
Premium accounts, respectively, as applicable. Any amount remaining unpaid as on the due date is disclosed separately as Calls-in-Arrears or Unpaid Call Money under "Other Current Assets" or "Other
Equity", depending on its nature and recoverability.

* As per the records of the Company, including the register of members. The above details are certified by the Registrar and Share Transfer Agents.

The Board of Directors of the Company has not declared any interim dividend at its meetings held during the reporting period and the previous reporting period.
Further, no final dividend was declared during the reporting period or the previous reporting period. (Refer "Note No. 45")

d) Issuance of Shares under Right Issue

The Company issued 50,90,056, equity shares of the face value of ' 10 each on right basis ("Right Equity Share") to eligible equity shareholders at an issue price of '
25 per share, including a premium of ' 15 per share. In accordance with the terms of issue, ‘ 06.25 per Right Equity Shares (i.e. 25% of the issue price), was received
from the respective allottees at the time of the application, upon which the shares were allotted. The Board of Directors resolved to raise the balance amount
through two subsequent calls, a First Call of' 08.75 per Right Equity Shares (Including a premium of' 05.25 per shares) and Second and Final Call of' 10 per Right
Equity Shares (Including a premium of ' 06.00 per shares). As at March 31, 2025, an aggregate amount of ' 06.01 Lakhs is unpaid in respect of the Right Issue.

On October 6, 2023, the Company allotted 15,90,642, fully paid-up equity shares of face value ^ 10 each at an issue price of R 40.00 per share (including a premium
of R 30 per share), aggregating to ^ 636.26 lakhs. The allotment was made on a rights basis to the existing equity shareholders of the Company in the ratio of 1:7,
i.e., one equity share for every seven equity shares held by eligible shareholders as on the record date. The issue was fully subscribed. The basic and diluted
earnings per share for the period ended March 31, 2025, and March 31, 2024, have been adjusted to reflect the bonus element inherent in the rights issue. The
proceeds from the rights issue have been utilized in accordance with the objectives stated in the Offer Document.

Nature of Securities and Terms of Repayments

a) The term loans from HDFC Bank Limited is secured by a first pari-passu charge on the present and future
Property, Plant and Equipment of the Company. These credit facilities are further secured by a first pari-passu
charge by way of equitable mortgage on immovable property comprising factory land situated at Khasara No. 83,
Gram Panchayat Nos. 208 and 209, Mouza Bidgaon, Kamptee, which is held in the name of Director, Shri Pravin
Navalchand Choudhary. Additionally, the credit facilities are secured by a first pari-passu charge on the factory
building constructed by the Company on the aforesaid land.

b) The term loan from HDFC Bank Limited amounting to ^ 809.89 Lakhs was obtained for setting up the factory
building and procuring plant and equipment at the Company's manufacturing facility located at Bidgaon, Kamptee,
Nagpur. The loan was repayable in equal quarterly installments of ^ 53.29 Lakhs and has been fully repaid on or
before November 2025.

c) The Company has obtained a term loan (COVID facility) of ^ 401.34 Lakhs and another term loan of ^ 200.60
Lakhs from HDFC Bank Limited to meet liquidity mismatches arising due to the COVID-19 pandemic. The loan of ^
401.34 Lakhs is repayable in equal monthly installments of R 12.62 Lakhs, commencing from September 2021, and
is scheduled to be fully repaid by September 2024. The loan of ^ 200.60 Lakhs, is repayable in equal monthly
installments of K 06.32 Lakhs, commencing from September 2024, and is scheduled to be fully repaid by September
2027.

Nature of Securities and Terms of Repayments

a) The working capital loan from HDFC Bank Limited is secured by a first pari-passu charge by way of hypothecation
over the entire inventories, book debts, receivables, and other current assets of the Company, both present and
future. These credit facilities are further secured by a first pari-passu equitable mortgage on immovable property
comprising factory land situated at Khasara No. 83, Gram Panchayat Nos. 208 and 209, Mouza Bidgaon, Kamptee,
which is held in the name of Director, Shri Pravin Navalchand Choudhary. Additionally, a first pari-passu charge has
been created on the factory building constructed by the Company on the aforesaid land. The credit facilities are also
secured by the unconditional and irrevocable personal guarantees of two Directors, Shri Pravin Navalchand
Choudhary and Shri Jayesh Pravin Choudhary.

** Acceptances include arrangements, wherein the Company's operational suppliers of goods and services are
initially paid by banks or financial institutions, while the Company continues to recognize the corresponding
liabilities, until settlement with the respective banks or financial institutions. Such settlements are normally
effected within a period of 90 days. The amount outstanding under such arrangements as at the reporting date is ^
NIL (Prev Year ^ NIL).

*** The Company has certain dues to the suppliers of Micro, Small and Medium Enterprises Development Act, 2006
("MSMED Act 2006"). The disclosure pursuant to the said MSMED Act, 2006 are as follows:

Peformance Obligations

Sale of Products: Performance obligation in respect of sale of goods is satisfied, when the controls of the goods is
transferred to the customers, generally on delivery of the goods and payment is generally due as per the term of
contracts with the customers.

Sale of Services: Performance obligation in respect of sale of services is satisfied over a period of time and the
acceptance from the customers. In respect of these services, payment is generally due upon the completion of
services and acceptance from the customers.

32 Consolidated Financial Statements

During the reporting period and the previous reporting period presented under the Ind AS Financial Statements, the
Company did not have any Subsidiaries, Associates, or Joint Ventures. Accordingly, the disclosure requirements
under Ind AS 110 - "Consolidated Financial Statements" are not applicable to the Company.

33 Segment Reporting

During the reporting period and the previous reporting period presented in the Ind AS Financial Statements, the
Company operated in a single business segment, namely, the manufacturing and trading of tutti frutti and other
agricultural commodities. Accordingly, the disclosure requirements under Ind AS 108 - "Operating Segments" are
not applicable to the Company for the periods presented in the financial statements.

36 Right Issue of Equity Shares

The Company issued 50,90,056, equity shares of the face value of ' 10.00 each on right basis ("Right Equity Share") to
eligible equity shareholders at an issue price of ' 25.00 per share, including a premium of ' 15.00 per share. In
accordance with the terms of issue, ' 06.25 per Right Equity Shares (i.e. 25% of the issue price), was received from the
respective allottees at the time of the application, upon which the shares were allotted. The Board of Directors
resolved to raise the balance amount through two subsequent calls, a First Call of ' 08.75 per Right Equity Shares
(Including a premium of' 05.25 per shares) and Second and Final Call of' 10.00 per Right Equity Shares (Including a
premium of ' 06.00 per shares). As at March 31, 2025, an amount of ' 06.01 Lakhs is unpaid in respect of Right Issue.

On October 6, 2023, the Company allotted 15,90,642, fully paid-up equity shares of face value ^ 10 each at an issue
price of ^ 40.00 per share (including a premium of ^ 30 per share), aggregating to ^ 636.26 lakhs. The allotment was
made on a rights basis to the existing equity shareholders of the Company in the ratio of 1:7, i.e., one equity share for
every seven equity shares held by eligible shareholders as on the record date. The issue was fully subscribed. The
basic and diluted earnings per share for the period ended March 31, 2025, and March 31, 2024, have been adjusted
to reflect the bonus element inherent in the rights issue. The proceeds from the rights issue have been utilized in
accordance with the objectives stated in the Offer Document.

i) Financial Instruments measured at Fair Value through Other Comprehensive Income

The Company does not hold any quoted equity shares, or quoted / unquoted debentures or bonds that
are required to be measured at fair value through other comprehensive income (FVTOCI). Accordingly,
the requirements of Ind AS 109, "Financial Instruments" relating to the fair value measurement under
FVTOCI are not applicable to the Company for all the reporting periods presented in the Ind AS Financial
Statements.

ii) Financial Instruments measured at Fair Value through Profit or Loss

The Company does not hold any unquoted equity shares (other than investments in associates,
subsidiaries and joint ventures which are being measured at amortized cost), foreign currency forward
exchange contracts, or quoted / unquoted mutual funds that are required to be measured at fair value
through profit or loss (FVTPL). Accordingly, the requirements of Ind AS 109, "Financial Instruments"
relating to fair value measurement under FVTPL are not applicable to the Company for all the reporting
periods presented in the Ind AS Financial Statements.

The Company does not have any financial liabilities that are required to be measured at fair value through
profit or loss (FVTPL). Accordingly, the requirements of Ind AS 109, "Financial Instruments" relating to
fair value measurement of financial liabilities under FVTPL are not applicable to the Company for all the
reporting periods presented in the Ind AS Financial Statements.

iii) Financial Instruments measured at Amortized Costs

The carrying amounts of financial assets and financial liabilities measured at amortized cost, as
presented in the financial statements, reasonably approximate their fair values. This is because the
Company does not expect any significant difference between the carrying amounts and the amounts that
would ultimately be received or settled.

“Note No. - 36B” - Financial Risk Management - Objectives and Policies

The Company's principal financial assets primarily include of security deposits, cash and cash
equivalents, other balances with banks, loans, trade and other receivables, which arise directly from its
business operations. The Company's financial liabilities mainly consist of borrowings in Indian currency,
trade payables and other payables. These financial liabilities are primarily used to finance the Company's
operational activities and to provide guarantees in support of its business operations.

The Company is exposed to market risk, credit risk, and liquidity risk arising from its financial
instruments. The Board of Directors (“the Board”) is responsible for overseeing the management of these
financial risks. The Company has a risk management policy, formulated by its management and approved
by the Board, which outlines the Company's approach to managing uncertainties in its efforts to achieve
both stated and implicit objectives. The policy defines the roles and responsibilities of the Company's

3) Liquidity Risk

Liquidity risk is the risk that the Company will face difficulty in meeting its financial obligations as they
become due, either by being unable to raise funds or to sell financial assets quickly without significant
loss in value. This risk arises from the possibility that the Company may not have sufficient cash flows to
meet its contractual obligations associated with financial instruments that are required to be settled in
cash or other financial assets. Liquidity risk may also result from an inability to dispose of financial assets
at or near their fair value when needed.

The Company has an established liquidity risk management framework for managing its short -term,
medium - term and long - term funding and liquidity management requirements. The Company's
exposure to liquidity risk arises primarily from mismatched of maturities of financial assets and
liabilities. The Company manages the liquidity risk by maintaining adequate funds in the cash and cash
equivalents. The Company also has adequate credit facilities agreed with banks to ensure that there is
sufficient cash to meet all its normal operating commitments in a timely and cost-effective manner.

“Notes - 36C” - Capital Management

The Company adheres to a robust Capital Management framework which is underpinned by the following
guiding principles.

a) Maintain the financial strength to ensure good ratings domestically and investment grade ratings
internationally.

b) Ensure financial flexibility and diversify the source of financing and their maturities to minimize
liquidity risk while meeting its investment requirements.

c) Ensure sufficient liquidity is available (either through cash and cash equivalents, investments or
committed credit facilities) to meet the needs of the business.

d) Minimize the finance costs while taking into consideration current and future industry, market and
economic risks and conditions.

e) Safeguard its ability to continue as going as a going concern.

f) Leverage optimally in order to maximize shareholder's returns while maintaining strength and
flexibility of the Balance Sheet.

This framework is adjusted based on underlying macro-economic factors affecting the business
environment, financial market conditions and interest rates environment.

The Board of Directors of the Company has primary responsibilities to maintain a strong capital base and
reduce the cost of capital through prudent management of deployed fund and leveraging in domestic and
international financial market, so as to maintain investors, creditors and market confidence and to
sustain future development of the business.

For the purpose of the Company's capital management, capital include issued equity capital and all other
equity reserves attributable to equity shareholders of the Company. The primary objective of the
Company, when managing capital is to safeguard its ability to continue as a going concern and to maintain
an optimal capital structure so as to maximize shareholders value.

As at March 31, 2025 and March 31, 2024, the Company has only one class of equity shares and has low
debts. Consequent to such capital structure, there are no externally imposed capital requirements. In
order to maintain or achieve an optimal capital structure, the Company allocates its capital for
distribution as dividends or reinvestments into business based on its long-term financial plans.

The Company manages its capital on the basis of Net Debt to Equity Ratio which is Net Debt (Total
Borrowings net of Cash and Cash Equivalents) divided by total equity.

Terms and Conditions with the transactions with Related Parties as under:

a) The Company has been entering into transactions with the related parties for its business purpose.
The process followed for entering into transactions with these related parties are same as followed for
the unrelated parties. Vendors are selected competitively having regard to strict adherence to quality,
timely servicing and cost advantage. Further related party vendors provide additional advantage in
terms of:

i) Supplying products primarily to the Company

ii) Advanced and innovative technology

iii) Customization of products to suit the Company's specific performance;

iv) Enhancement of the Company's purchase cycle and assurance of just in time supply with resultant
benefits - notably on working capital.

b) The sales to and purchases from the related parties are made on the term's equivalents to and those
applicable to all unrelated parties on the arm's length transactions.

c) Outstanding balances of the related parties at the end of the reporting period are unsecured, interest
free and will be settled in the cash on demand basis.

Transaction with Related Parties is as under:

"Note No. 43 - Additional Regulatory Information as required by the Schedule - III of the
Companies Act, 2013”

i) The Company has used the borrowings from banks and financial institutions for the specific purpose
for which it was taken as at the balance sheet date. The Company has not defaulted in the repayment of
principal and interest thereon on all the loans obtained from banks and financial institutions during the
reporting period and previous reporting period.

ii) The title deed in respect of self-constructed building and title deeds of all other immovable properties
(other than properties where the Company is the lessee and the lease agreements are duly executed in
the favor of the Company), disclosed in the Financial Statements and included under the head of property,
plant and equipment are held in the name of the Company as at the Balance Sheet date. In respect of the
immovable properties taken on lease by the Company, the lease agreements are duly executed in the
favor of the Company as at the Balance Sheet date.

iii) There are no loans and advances in the nature of loans are granted to promoters, directors, key
managerial parties and the other related parties including the subsidiaries, associates and joint ventures
(as defined under the Companies Act, 2013), either severally and jointly with any other person that are:

a) repayable on demand or;

b) without specifying any terms or period of repayments.

iv) The Company does not have benami property held in its name. No proceedings have been initiated on
or are pending against the Company for holding benami property under the Benami Transactions
(Prohibition) Act, 1988 (45 of 1988) and the relevant Rules made thereunder.

v) The Company has been sanctioned working capital limit from bank and financial institutions on the
basis of security of current assets. The monthly / quarterly returns and the statements filed by the
Company with such banks and financial institutions are in agreements with the books of accounts of the
Company. During the reporting period, the Company has not utilized the sanction working capital
facilities from banks and financial institutions, hence requirement to report under this clause is not
applicable in case of the Company.

vi) The Company has not been declared as willful defaulter by the banks and the financial institutions or
other lenders or government or any government authorities.

vii) The Company has not entered any transactions with the companies struck off as per section 248 of
the Companies Act, 2013 or Section 560 of the Companies Act, 2013, hence the details related to the same
have not been furnished.

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

ix) The Company has complied with the requirements with respect to the number of layers as prescribed
under section 2(87) of the Companies Act, 2013 read with the Companies (Restriction on number of
layers) Rules, 2017.

x) Utilization of borrowed funds and share premium

1) The Company has not advanced or loaned or invested funds to any other persons or entities, including
foreign entities (intermediaries) with the understanding that the intermediaries 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.

2) The Company has not received any funds from persons or entities, including foreign entities (Funding
Parties) 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 to or on behalf of the Ultimate beneficiaries.

xi) There have been no transactions relating to previously unrecorded income that have been
surrendered or disclosed as income during the reporting period and previous reporting period in the tax
assessments under the Income Tax Act, 1961.

xii) The Company has neither traded nor invested nor advanced in Crypto or Virtual Currency during the
reporting period and previous reporting period.

44 Employee Benefits

1 Post Employment Benefits

i) Defined Benefit Gratuity Plan (Unfunded)

The Company has defined benefits gratuity plan for its employees, which requires the contribution to be made to a
separately administered fund. It is governed by the Payment of Gratuity Act, 1972. Under the Act, an employee who
has completed five year of services are only entitled for the specific benefits. The level of benefits provided depend
upon the member's length of service and salary at their retirement age.

ii) Defined Benefit Pension Plan (Unfunded)

The Company operates a defined benefits pension plan for the certain specified employees and the same is payable
upon if the employee satisfying certain terms and conditions attached to them, as approved by the Board of
Directors of the Company.

iii) Defined Benefit Post Retirement Medical Benefit Plans (Unfunded)

The Company operates a defined benefits post - retirement medical benefits plan for the certain specified
employees and the same is payable upon if the employee satisfying the certain terms and conditions attached to
them, as approved by the Board of Directors of the Company.

The most recent actuarial valuation of the plan assets and the present value of defined benefit obligation were carried out
as at March 31, 2025, by Mrs. Ruchi Goel Chhatlani, Fellow of Institute of Actuaries of India. The present value of defined
benefits obligation and their related current service cost were measured by using the "Project Cost Unit Method".

The following tables summarise the components of defined benefits expense recognized in the Statement of Profit and
Loss / Other Comprehensive Income and the amount recognized in the Balance Sheet for the respective plans:

2 Defined Contribution Plans
i) Provident Fund

The Provident Fund assets and liabilities are managed by the Company in line with the Employees' Provident Fund
and Miscellaneous Provision Act, 1952.

The plan guarantees a minimum interest rate as notified by the Provident Fund authorities. Contributions made by
both the employer and employee, along with the interest accrued thereon, are payable to the employee upon
separation from the Company or upon retirement, whichever occurs earlier. The benefits vest immediately upon
rendering of service by the employee. In accordance with the Guidance Note issued by the Institute of Actuaries of
India, for the measurement of provident fund liabilities, the Company has obtained an actuarial valuation of its
provident fund obligations based on the assumptions provided. As At March 31, 2025, there is no shortfall in the
contribution made to the fund.

46 Corporate Social Responsibility

The Company does not fall within the purview of the eligibility criteria prescribed under Section 135 of the
Companies Act, 2013. Accordingly, the provisions relating to Corporate Social Responsibility are not applicable to
the Company for the current as well as the previous reporting period.

The Code of Social Security, 2020 (the"Code") relating to employee benefits during employement and post -
employment benefits has received the Presidential assent on September 28, 2020. The Code has been published in

the Offical Gazzate of India. However, the date on which the Code will come into effect has not been notified and

47

the final rules / interpretation have not yet been issued. The Company will assess the impact of the Code when it
comes into effect and will record any related impact in the period the Code becomes effective. Based on the
preliminary assessment, the entity believes the impact of such changes will not be significant.

^ Details of Hedged and Unhedged Exposures in Foreign Currency Denominated
Monetary Items

A) Exposure in Foreign Currency - Hedged

The Company does not enter into forward exchange contracts to hedge its foreign currency exposures relating to
underlying transactions and firm commitments. Further, the Company has not entered into any derivative
instruments for trading or speculative purposes during the current and previous reporting periods presented in
the financial statements.

B) Exposure in Foreign Currency - Unhedged

The Company does not have any unhedged foreign currency exposures as at the end of the current or previous
reporting periods, either in the form of receivables or payables. Accordingly, the requirement to report under this
clause is not applicable to the Company.

MATERIAL ACCOUNTING POLICIES 1

THE ACCOMPANYING NOTES ARE FORMING INTEGRAL PART OF THE FINANCIAL STATEMENTS

AS PER OUR REPORT OF EVEN DATE ATTACHED FOR AND ON BEHALF OF THE BOARD

For MANISH N JAIN & CO. PRAVIN CHOUDHARY JAYESH CHOUDHARY

Chartered Accountants Director Director

FRN No.: 0138430W DIN No.: 01918804 DIN No.: 02426233

ARPITAGRAWAL SAKSHITIWARI RISHI UPADHAYA

Partner Chief Financial Officer Company Secretary

Membership No. 175398

Place: Nagpur

Dated: May 28,2025 Place: Nagpur Place: Nagpur

UDIN No.: 25175398BMIEJQ4300 Dated: May 28, 2025 Dated: May 28, 2025