(m) Provisions, Contingent Liabilities and
Contingent Assets

Provisions are recognised when there is a
present obligation (legal or constructive) as
a result of a past event and it is probable that
an outflow of resources embodying economic
benefits will be required to settle the obligation
and a reliable estimate can be made of
the amount of the obligation. The amount
recognised as a provision is the best estimate
of the consideration required to settle the
present obligation at the end of the reporting
period, considering the risks and uncertainties
surrounding the obligation. If the effect of the
time value of money is material, provisions are
discounted using a current pre-tax rate that
reflects, when appropriate, the risks specific
to the liability. When discounting is used, the
increase in the provision due to the passage of
time is recognised as a finance cost.

Contingent liabilities may arise from litigation,
taxation and other claims against the Company.
Where it is management's assessment
that the outcome is uncertain or cannot be
reliably quantified, the claims are disclosed as
contingent liabilities unless the likelihood of an
adverse outcome is remote such contingent
liabilities are disclosed in the notes but are not
provided for in the financial statements.

Contingent assets are not recognised but
are disclosed in the notes where an inflow of
economic benefits is probable.

Provisions, contingent liabilities and contingent
assets are reviewed at each balance sheet date.

Amounts paid under protest in respect of
disputed statutory demands are carried as
other non-current assets and the corresponding
demand is disclosed as a contingent liability
until the dispute is resolved.

(n) Employee Benefits
Short-term Benefits

Short term employee benefits including
accumulating compensated absences are
recognised at an undiscounted amount in
the Statement of Profit and Loss for the year in
which the related services are rendered.

Long-term Benefits

Other long-term employee benefits comprise of
leave encashment and are provided for based
on the independent actuarial valuation. The
classification between current and non-current
liabilities are based on actuarial valuation. The
actuarial valuation is done as per the projected
unit credit method as at the reporting date.
Remeasurement gains and losses on other
long-term employee benefits are recognised in
the Statement of Profit and Loss in the period in
which they arise.

Post-retirement Benefits

Defined Contribution Plans

Retirement Benefits in the form of Provident
Fund which is a defined contribution scheme
are charged to the statement of profit and loss

for the period in which the contributions to the
fund accrue as per the relevant statute.

Defined Benefit Plans

The Company pays gratuity to the employees
who have completed five years of service
with the Company at the time of resignation/
superannuation. The gratuity is paid @ 15 days
salary for every completed year of service as
per the Payment of Gratuity Act, 1972.

The gratuity liability amount is contributed by the
Company to the gratuity fund maintained with
Life Insurance Corporation of India, exclusively
for gratuity payment to the employees.

The liability in respect of gratuity and other
post-employment benefits is calculated using
Projected Unit Credit Method and spread over
the period during which the benefit is expected
to be derived from employees' services.

Re-measurements of Defined Benefit Plans in
respect of post-employment are charged to
the Other Comprehensive Income, net of the
related deferred tax, and are not reclassified
to the Statement of Profit and Loss in
subsequent periods.

Past service cost is recognised in the Statement
of Profit and Loss in the period of a plan
amendment. Net interest is calculated by
applying the discount rate to the net defined
benefit liability or asset.

Share-Based Payments

Employees of the Company receive
remuneration in the form of equity-settled
share-based payments, whereby employees
render services as consideration for equity
instruments. The cost of equity-settled
transactions is measured by reference to the
fair value of the options at the date on which
they are granted, determined using the Black-
Scholes option pricing model. That cost is
recognised as an employee benefits expense,
together with a corresponding increase in the
Employee Share Option Reserve within other
equity, over the period in which the service
conditions are fulfilled. The cumulative expense
recognised at each reporting date reflects
the extent to which the vesting period has

expired and the Company's best estimate
of the number of options that will ultimately
vest. On exercise, the amount standing in the
Employee Share Option Reserve in respect
of the options exercised is transferred to
Securities Premium. No expense is recognised
for options that do not ultimately vest because
a non-market performance or service condition
has not been met.

(o) Taxes on Income

The tax expense for the period comprises of
current tax and deferred income tax. Tax is
recognised in Statement of Profit and Loss,
except to the extent that it relates to items
recognised in the Other Comprehensive
Income or in Equity, in which case, the tax
is also recognised in Other Comprehensive
Income or Equity.

Current Tax

Tax on income for the current period is
determined on the basis on estimated
taxable income and tax credits computed in
accordance with the provisions of the relevant
tax laws and based on the expected outcome
of assessments / appeals. Current income
tax assets and liabilities are measured at the
amount expected to be recovered from or paid
to the taxation authorities. The tax rates and tax
laws used to compute the amount are those
that are enacted or substantially enacted, at
the reporting date.

The company offsets current tax assets and
current tax liabilities, where it has a legally
enforceable right to set off the recognised
amounts and where it intends either to settle
on a net basis, or to realise the asset and settle
the liability simultaneously.

Deferred Tax

Deferred tax is recognised on temporary
differences between carrying amounts of
assets and liabilities in the financial statements
and the corresponding tax bases used in
the computation of taxable profit. Deferred
tax relating to items recognised outside the
statement of profit and loss is recognised
outside the statement of profit and loss, either

in other comprehensive income or directly
in equity. The carrying amount of deferred
tax assets is reviewed at each reporting date
and reduced to the extent that it is no longer
probable that sufficient taxable profit will be
available to allow all or part of the deferred tax
asset to be utilised. Unrecognised deferred tax
assets are re-assessed at each reporting date
and are recognised to the extent that it has
become probable that future taxable profits will
allow the deferred tax assets to be recovered.

Deferred tax liabilities and assets are measured
at the tax rates that are expected to apply in
the period in which the liability is settled or the
asset realised, based on tax rates (and tax
laws) that have been enacted or substantially
enacted by the end of the reporting period.

Deferred tax assets and deferred tax liabilities
are offset if a legally enforceable right exists to
set off current tax assets against current tax
liabilities and the deferred tax balances relate
to income taxes levied by the same taxation
authority on the same taxable entity.

Minimum Alternate Tax (MAT) credit entitlement
is recognised as a deferred tax asset to the
extent that there is convincing evidence that
the Company will pay normal income tax
during the specified period and the credit will
be utilised. It is reviewed at each reporting date
and written down to the extent it is no longer
probable that the credit will be utilised.

(p) Financial Assets, Financial Liabilities and Equity
Instruments

Financial assets and liabilities are recognised
when the Company becomes a party to the
contractual provisions of the instrument. Financial
assets and liabilities are initially measured at
fair value, except for trade receivables which
are initially measured at transaction price.
Transaction costs that are directly attributable
to the acquisition or issue of financial assets and
financial liabilities (other than financial assets
and financial liabilities at fair value through profit
or loss) are added to or deducted from the fair
value measured on initial recognition of financial
asset or financial liability.

Classification and subsequent measurement
of financial assets

On initial recognition, a financial asset is
classified as measured at amortised cost,
at fair value through other comprehensive
income (FVOCI) or at fair value through profit
or loss (FVTPL), on the basis of the Company's
business model for managing the asset and
its contractual cash flow characteristics. A
financial asset is measured at amortised cost
where it is held within a business model whose
objective is to hold assets to collect contractual
cash flows and its contractual terms give rise
on specified dates to cash flows that are solely
payments of principal and interest. Such assets
are subsequently measured at amortised cost
using the effective interest method, less any
impairment loss. All other financial assets are
measured at FVTPL, except for investments
in equity instruments not held for trading, for
which the Company may make an irrevocable
election on initial recognition to present
subsequent changes in fair value in other
comprehensive income.

Classification and subsequent measurement
of financial liabilities and equity instruments

Debt and equity instruments issued by the
Company are classified as either financial
liabilities or as equity in accordance with the
substance of the contractual arrangement
and the definitions of a financial liability and an
equity instrument. An equity instrument is any
contract that evidences a residual interest in
the assets of the Company after deducting all
of its liabilities. Preference shares which carry
a mandatory or contractually determined
redemption feature are classified as financial
liabilities and are measured at amortised
cost using the effective interest method;
the resulting accretion is recognised within
finance costs. Equity instruments issued by
the Company are recognised at the proceeds
received, net of directly attributable issue costs.
Financial liabilities other than derivatives are
subsequently measured at amortised cost
using the effective interest method.

Derecognition and offsetting

The Company derecognises a financial asset
only when the contractual rights to the cash
flows from the asset expire, or when it transfers
the financial asset and substantially all the
risks and rewards of ownership of the asset
to another entity. The Company derecognises
financial liabilities when, and only when,
the Company's obligations are discharged,
cancelled or have expired.

Financial assets and financial liabilities are
offset and the net amount is presented in
the Balance Sheet only when the Company
has a legally enforceable right to set off the
recognised amounts and intends either to
settle on a net basis or to realise the asset and
settle the liability simultaneously.

Derivative Financial Instruments:

Derivative financial instruments such as
forward contracts, to hedge its foreign currency
risks are initially recognised at fair value on the
date a derivative contract is entered into and
are subsequently re-measured at their fair
value with changes in fair value recognised in
the Statement of Profit and Loss in the period
when they arise, except where the derivative
is designated as a hedging instrument in
an effective cash flow hedge, in which case
the effective portion is recognised in other
comprehensive income as set out below.

Cash Flow Hedge

At inception of designated hedging
relationships, the Company documents the
risk management objective and strategy for
undertaking the hedge. The Company also
documents the economic relationship between
the hedged item and the hedging instrument,
including whether the changes in cash flows of
the hedged item and hedging instrument are
expected to offset each other.

The company is exposed to foreign exchange
risk arising from foreign currency transactions,
primarily with respect to USD. Foreign
exchange risk arises from future commercial
transactions and recognised assets and

liabilities denominated in a currency that is not
the company's functional currency (INR).

The risk is measured through a forecast of
highly probable foreign currency cash flows.
The objective of the hedges is to minimise
the volatility of the INR cash flows of highly
probable forecast transactions. The company
risk management policy is to hedge forecasted
foreign currency sales for the subsequent
12 months. As per the risk management
policy, appropriate foreign currency hedges
are executed or undertaken to hedge
forecasted sales.

The spot component of forward contracts is
determined with reference to relevant spot
market exchange rates. The differential between
the contracted forward rate and the spot market
exchange rate is defined as the forward points.
When a derivative is designated as a cash
flow hedging instrument, the effective portion
of changes in the fair value of the derivative is
recognised in OCI and accumulated in other
equity under 'effective portion of cash flow
hedges'. The effective portion of changes in the
fair value of the derivative that is recognised
in OCI is limited to the cumulative change in
fair value of the hedged item, determined on
a present value basis, from inception of the
hedge. Any ineffective portion of changes in
the fair value of the derivative is recognised
immediately in statement of profit and loss.
If a hedge no longer meets the criteria for
hedge accounting or the hedging instrument is
sold, expires, is terminated or is exercised, then
hedge accounting is discontinued prospectively.
When hedge accounting for cash flow hedges
is discontinued, the amount that has been
accumulated in other equity remains there until,
for a hedge of a transaction resulting in recognition
of a non-financial item, it is included in the non¬
financial item's cost on its initial recognition or, for
other cash flow hedges, it is reclassified to profit or
loss in the same period or periods as the hedged
expected future cash flows affect profit or loss.
If the hedged future cash flows are no longer
expected to occur, then the amounts that
have been accumulated in other equity are

immediately reclassified to statement of
profit and loss.

Investments in subsidiaries:

Investments in subsidiaries are carried at cost
less accumulated impairment losses, if any,
the Company having elected to account for
such investments at cost in accordance with
Ind AS 27.Where an indication of impairment
exists, the carrying amount of the investment is
assessed and written down immediately to its
recoverable amount.

(q) Earnings Per Shares

Basic earnings per share are calculated
by dividing the Profit or Loss for the period
attributable to equity shareholders by the
weighted average number of equity shares
outstanding during the period.

For the purpose of calculating diluted
earnings per share, the Profit or Loss for the
period attributable to equity shareholders
and the weighted average number of shares
outstanding during the period are adjusted for
the effect of all dilutive potential equity shares.

Dilutive potential equity shares are deemed
converted as at the beginning of the period,
unless issued at a later date, and are excluded
where their effect would be anti-dilutive.

(r) Exceptional Items

Items of income or expense within profit or
loss from ordinary activities are disclosed as
exceptional items when they are of such size,
nature or incidence that separate disclosure is
relevant to an understanding of the Company's
financial performance for the period. Such items
are presented on the face of the Statement of
Profit and Loss and their nature and amount
are disclosed in the notes.

(s) Segment Reporting

Operating segments are reported in a manner
consistent with the internal reporting provided
to the Chief Operating Decision Maker (CODM).
The Board of Directors of the Company has
been identified as the CODM, which assesses
the financial performance and position of the

Company and makes strategic decisions.
The Company operates in a single operating
segment, being intermediates for home and
personal care products, as the products sold
are of a similar nature and the CODM reviews
internal management reports at that level.

(t) Statement of Cash Flows

Cash flows are reported using the indirect
method prescribed by Ind AS 7, whereby
profit before tax is adjusted for the effects of
transactions of a non-cash nature, any deferrals
or accruals of past or future operating cash
receipts or payments, and items of income or
expense associated with investing or financing
cash flows. Cash flows are segregated into
operating, investing and financing activities.

(u) Dividend Distritbution

Dividend to equity shareholders is recognised
as a liability and deducted from other equity
in the period in which the dividend is approved
by the shareholders. A dividend proposed by
the Board of Directors but not approved at the
reporting date is not recognised as a liability
and is disclosed in the notes.

C. Recent Accounting Pronouncements

Ministry of Corporate Affairs ("MCA") notifies
new standards or amendments to the existing
standards under Companies (Indian Accounting
Standards) Rules as issued from time to time. For
the year ended March 31, 2026, MCA has notified the
amendments set out below. There are no standards
or amendments notified but not yet effective as
at the reporting date that are expected to have a
material impact on the Company.

Ind AS 21, The Effects of Changes in Foreign Exchange
Rates - Lack of Exchangeability. The amendment
specifies how an entity assesses whether a currency
is exchangeable into another currency and, where it
is not, how the entity determines the spot exchange
rate to use and the disclosures to be made. The
effective date for adoption of this amendment is
annual periods beginning on or after April 1, 2025. The
Company has evaluated the amendment and there
is no impact on its standalone financial statements,
all foreign currency transactions of the Company
being denominated in exchangeable currencies.

12.2 Rights, preferences and restrictions attached to equity shares :

The Company has only one class of equity shares having par value of ' 10 each and the holder of the equity share
is entitled to one vote per share. In the event of liquidation of the company, the holders of equity shares will be
entitled to receive the remaining assets of the Company in proportion to the number of equity shares held.

12.3 Dividend

The company declares and pays dividends in Indian rupees. The dividend proposed by the Board of Directors is
subject to the approval of the shareholders in the ensuing Annual General Meeting. During the year ended March
31, 2026, the amount of ' 1 per share on the face value of ' 10 (Previous year - ' 1 per share) is proposed to the equity
shareholders of the company.

12.4 Rights Issue of Equity Shares :

The Company had issued 892,291 equity shares of face value Rs. 10 each on a rights basis ('Rights Equity Shares').
In accordance with the terms of issue, Rs. 222 per Rights Equity Share, i.e., 40% of the Issue Price, was received from
the allottees on application, and the shares were allotted. The Board made the First and Final call of Rs. 333 per
Rights Equity Share (including a premium of Rs. 327 per share) in January 2024. As of March 31, 2024, an aggregate
amount of Rs. 60.85 lakhs was unpaid on 18,273 partly paid-up Rights Shares. The Board of Directors, at its meeting
held on June 5, 2024, approved the forfeiture of all 18,273 partly paid-up equity shares of face value Rs. 10 each,
on which the First and Final Call amount was not received, in accordance with the requirements of SEBI (Issue of
Capital and Disclosure Requirements) Regulations, 2018. The Company has intimated both stock exchanges and
filed the necessary forms with the MCA.

14.1 a). Rupee term loan from Bank aggregating to Rs. 2,232.96 lakhs is secured by first charge on all movable and

immovable assets of the Company, including current assets, ranking pari passu inter-se and Vehicle loan

from banks agreegating to Rs.104.51 lakhs are secured by way of hypothecation of respective vehicles.

The details of Term Loans from Banks and Vehicle Loan from Banks availed by the Company is as below:

(i) Rupee Term Loan Amounting Rs.299.21 Lakhs as on March 31, 2025 is repaid fully during the year ended
31st March, 2026.

(ii) Rupee Term Loan Amounting Rs.952.30 Lakhs as on March 31, 2025 is repaid fully during the year ended
31st March, 2026.

(iii) Rupee Term Loan Amounting Rs.428.57 Lakhs (March 31, 2025: Rs.1,285.56 Lakhs) is repayable in 6 monthly
instalments, the next instalment is due on 17th April, 2026.

(iv) Rupee Term Loan Amounting Rs.1,804.39 Lakhs (March 31, 2025: Rs.NIL) is repayable in 48 monthly
instalments, the next instalment is due on 21st May, 2027.

(v) Rupee Vehicle Loan Amounting Rs 104.51 Lakhs (March 31, 2025: Rs.100.22 Lakhs) is repayable in monthly
instalments, the next instalment is due on 30 April, 2026.

(vi) Term loan from banks carry an average interest rate of 7.56% to 9.15% (March 31, 2025: 9%to 9.95%) and
Vehicle loan from bank carry an average interest rate of 8.50% to 11.65% (March 31, 2025 : 8.50% to 11.65%)
The Company does not have any charges or satisfaction which are yet to be registered with the
Registrar of Companies beyond the statutory period.

b). (i) Pursuant to the Scheme of Arrangement becoming effective and subsequent excercise of Option by
Equity Shareholders of Demerged Entity Aarti Indutries Limited, 10,82,387 Nos of 0% Non-Convertible
Redeemable Preference Shares of ' 10/- each issued to the shareholders of Demerged Entity Aarti
Industries Limited who has opted for Redeemable Preference shares valued at fair value of Rs 167.70 per
share as per the Scheme.

b). (ii) Terms of preference shares:

The Company has only one class of Preference Shares being 0% Redeemable, Cumulative, Non¬
convertible and Non-participating Preference Shares. The shareholders have right to vote only on
resolutions which directly affect their interest.

The Preference Shares are Redeemable at the option of the Company such that shareholders will get
4% annualised return on fair value of Rs 167.70 declared in the Scheme of Arrangment

Footnotes:

(i) The Company has lease contracts for its office premises and godowns with lease term between 1 year to 5 years.
The Company's obligations under its leases are secured by the lessor's title to the leased assets. Generally, the
Company is restricted from assigning and subleasing the leased assets. The Company also has certain leases of
office premises and godowns with lease terms of 12 months or less. The Company applies the 'short-term lease'
recognition exemptions for these leases.

18.1 Working capital Loan from banks as at March 31, 2026 amounting to Rs.5,647.43 were secured by first charge on
all movable and immovable assets of the Company, including current assets. These credit facilities carry average
interest rates in the range of 7.81% to 9.30% (March 31, 2025: 8.28%to 9.30%)

18.2 There are no material differences between the quarterly statements of stock filed by the company with banks and
the books of accounts.

18.3 The Company has not been declared as a wilful defaulter by any bank or financial institution or other lender in
accordance with the guidelines on wilful defaulters issued by the Reserve Bank of India.

Footnotes:

(a) Disaggregate revenue information

Refer Note 35 for disaggregated revenue information (segment reporting). The management determines
that the segment information reported is sufficient to meet the disclosure objective with respect to
disaggregation of revenue under Ind AS 115 "Revenue from contracts with customers".

(b) In case of Domestic Sales, payment terms range from [15 days to 120 days] based on geography and
customers. In case of Export Sales these are either against documents at sight, documents against
acceptance or letters of credit - [15 days to 135 days]. There is no significant financing component in any
transaction with the customers.

(c) The Company does not provide performance warranty for products, therefore there is no liability towards
performance warranty.

(d) The Company does not have any remaining performance obligation as contracts entered for sale of goods
are for a shorter duration.

31.1 The Company had issued 892,291 equity shares of face value Rs. 10 each on a rights basis ('Rights Equity Shares').
In accordance with the terms of issue, Rs. 222 per Rights Equity Share, i.e., 40% of the Issue Price, was received from
the allottees on application, and the shares were allotted. The Board made the First and Final call of Rs. 333 per
Rights Equity Share (including a premium of Rs. 327 per share) in January 2024. As of March 31, 2024, an aggregate
amount of Rs. 60.85 lakhs was unpaid on 18,273 partly paid-up Rights Shares. The Board of Directors, at its meeting
held on June 5, 2024, approved the forfeiture of all 18,273 partly paid-up equity shares of face value Rs. 10 each,
on which the First and Final Call amount was not received, in accordance with the requirements of SEBI (Issue of
Capital and Disclosure Requirements) Regulations, 2018. The Company has intimated both stock exchanges and
filed the necessary forms with the MCA.

Nature of CSR activities undertaken by the Company

The CSR initiatives of the Company aim towards inclusive development of the communities largely around the vicinity
of its plants and registered office and at the same time ensure environmental protection through a range of structured
interventions in the areas of :

(i) Animal Welfare - Towards rescue, treatment and rehabilation of distressed wildlife.

(ii) Healthcare & Education Facilities - Distribution of medical equipments, Distribution of Benches, Chairs & Computers
at Schools, Constuction of Healthcare facilities for special needs and autism individuals.

35 Segment Information

The operating segments have been reported in a manner consistent with the internal reporting provided to the Board
of Directors, who are the Chief Operating Decision Makers. They are responsible for allocating resources and assessing
the performance of operating segments. Accordingly, the reportable segment is only one segment i.e. Home and
personal care ingredients.

Revenue from Type of Products and Services

There is only one operating segment of the company which is based on nature of product. Hence the revenue from
external customers shown under geographical information is representative of revenue based on product and services.

Information about major customers

Ind As 108 Segment Reporting Requires Disclosure of reliance on its Major customers if Revenue from transactions with
single external customer amounts to 10 per cent or more of company's total Revenue. Company's total Sales Revenue
of Rs. 85,308.49 Lakhs (P.Y. Rs. 64,851.32 Lakhs) include sales of Rs. 60,727.15 Lakhs (P.Y. Rs. 46,041.78 Lakhs) to two large
customers with whom the company is having long standing Relationship.

36 Stock Option Schemes

(i) Terms:

The grant of options to the employees under the stock option schemes is on the basis of their performance and
other eligibility criteria. The options are vested over a period of 1 year, subject to the discretion of the management
and fulfillment of certain conditions

38 Capital Management

The Company's objectives for managing capital is to safeguard continuity and healthy capital ratios in order to
support its business and provide adequate return to shareholders through continuing growth. The Company's overall
strategy remains unchanged from previous year.

The Company sets the amount of capital required on the basis of annual business and long-term operating plans
which include capital and other strategic investments.

The funding requirements are met through a mixture of equity, internal fund generation, and other non - current/
current borrowings. The Company's policy is to use current and non - current borrowings to meet anticipated funding
requirements. The Company monitors capital on the basis of the net debt to equity ratio.

The Management believes that it will be able to meet all its current liabilities and interest obligations on timely manner.

The financial instruments are categorised into three levels based on the inputs used to arrive at fair value
measurements as described below:

Level 1: Quoted prices (unadjusted) in active markets for identical assets or liabilities.

Level 2: Input other than the quoted prices included within Level 1 that are observable for the asset or liability,
either directly or indirectly; and

Level 3: Inputs based on unobservable market data.

B. Financial Risk Management

The Company's principal financial liabilities comprise borrowings, trade paybles and other unsecured Lendings.
The main purpose of these financial liabilities is to finance the Company's operations. The Company's principal
financial assets include Customer Receivables, Investments and cash and cash equivalents that it derives directly
from its operations.

The Company is exposed to credit risk, market risk and liquidity risk. The Company's senior management oversees
the management of these risks.

a. Market Risk

(i) Foreign currency risk

The Company's exposure to the risk of changes in foreign exchange rates relates primarily to the
Company's operating activities in exports and imports which is majorly in US dollars.

In case of Long term Contract with Large Customer, Currency Fluctuation is to Customer's Account.

b. Credit Risk

The company is exposed to credit risk from its operating activities (primarily for trade receivables).

Credit risk is the risk that a customer or counterparty to a financial instrument fails to perform or pay
the amounts due causing financial loss to the company. Credit risk arises from company's activities in
investments and outstanding receivables from customers.

c. Liquidity Risk

Liquidity risk is defined as the risk that the Company will not be able to settle or meet its obligations on time or
at a reasonable price. For the Company, liquidity risk arises from obligations on account of financial liabilities
such as trade payables and other financial liabilities.

The Company's corporate treasury department is responsible for liquidity and funding as well as settlement.
In addition, processes and policies related to such risks are overseen by senior management. Management
monitors the Company's net liquidity position through rolling forecasts on the basis of expected cash flows.

40 Additional regulatory information required by schedule III to the Companies Act, 2013

(a) The Company does not have any immovable property whose title deeds are not in the company name.

(b) The Company has not granted any loans or advances to promoters, directors, key managerial personnel (KMPs),
and related parties.

(c) The Company has not revalued its property, plant and equipment, including right-of-use assets, or its intangible

assets during the year.

(d) The Company does not have any 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 Rules made thereunder.

(e) The Company has complied with the requirement with respect to 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.

(f) Utilisation of borrowed funds and share premium:

(i) 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:

- 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

- Provide any guarantee, security or the like to or on behalf of the ultimate beneficiaries.

(ii) 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:

- 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

- provide any guarantee, security or the like on behalf of the ultimate beneficiaries.

(g) There is no income surrendered or disclosed as income during the year in tax assessments under the Income Tax
Act, 1961 (such as search or survey), that has not been recorded in the books of account.

(h) The Company has not traded or invested in crypto currency or virtual currency during the year.

41 Disclosure for Struck off companies

The company does not have any transations with companies struck off under section 248 of Companies Act, 2013 or
section 560 of Companies Act, 1956.

Notes : Explanation for Change in ratio by more than 25%

(i) Reduction in Net Profit ratio largely on account on higher input cost

(ii) Increase in Net Capital Turnover is on account of increase in sales during the year.

(iii) Increase in Inventory Turnover is on account of increase in sales during the year.