Provisions, Contingent Liabilities and Contingent Assets

A contingent liability exists when there is a possible but not probable obligation, or a present obligation that may, but probably will
not, require an outflow of resources, or a present obligation whose amount cannot be estimated reliably. Contingent liabilities do not
warrant provisions, but are disclosed unless the possibility of outflow of resources is remote. Contingent assets are neither
recognized nor disclosed in the financial statements. However, contingent assets are assessed continually and if it is virtually certain
that an inflow of economic benefits will arise, the asset and related income are recognized in the period in which the change occurs.

Borrowing Costs:

Borrowing cost includes interest, and other ancillary costs incurred in connection with the arrangement of borrowings and are charged
to revenue. Borrowing costs that are attributable to the acquisition or construction of qualifying assets are capitalized as part of the
cost of such assets. A qualifying asset is one that necessarily takes a substantial period of time to get ready for its intended use. All
other borrowing costs are charged to the Statement of Profit and Loss in the period in which they are incurred.

Impairment of Assets:

An asset is treated as impaired when the carrying cost of assets exceeds its recoverable value. An impairment loss is charged to
the Profit & Loss Account in the year in which as the asset is identified as impaired. The impairment loss recognized in prior
accounting period is reversed if there has been a change in the estimate of recoverable amount.

The company found no indication that any asset may be impaired. Therefore, there was no need to determine impairment Loss.
Other disclosure requirements as per mandatory Accounting Standard AS - 28 are not applicable in the case of the company.

Prior Period Expenditure:

The change in estimate due to error or omission in earlier period is treated as prior period items. The items in respect of which
liability has arisen/crystallized in the current year, though pertaining to earlier year is not treated as prior period expenditure.

Extra Ordinary Items:

The income or expenses that arise from event or transactions which are clearly distinct from the ordinary activities of the Company
and are not recurring in nature are treated as extra ordinary items. The extra ordinary items if any are disclosed in the statement of
profit and loss as a part of net profit or loss for the period in a manner so as the impact of the same on current profit can be perceived.

Cash Flow Statement:

Cash flows are reported using indirect method, whereby profit before tax is adjusted for the effects transactions of a non-cash nature
and any deferrals or accruals of past or future cash receipts or payments. The cash flow from regular revenue generating, financing
and investing activities of the Company is segregated. Cash and cash equivalents in the balance sheet comprise cash at bank term
deposits maturing within 12 months, cash/cheques in hand and short-term investments with an original maturity of three months or
less.

For Dokania S. Kumar & Co. For SYLVAN PLYBOARD (INDIA) LIMITED

Chartered Accountants
FRN: 322919E

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CA Sourav Dokania Jai Prakash Singh Anand Kumar Singh

Partner (Chairman) (Managing Director)

MRN: 304128 DIN-00655886 DIN-00651384

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Place: Kolkata Rajneesh Mishra Shashi Kant Tiwari

Date: 29.05.2025 Company Secretary Chief Financial Officer