i) (^visions

Provisions are recognised when the Company has a prtstnt obligationflegal or constructive) asa result of a past event, it is prolMble th.it an outflow ol resources embodying economic benefits will be required to settle the obligation and a reliable estimate can be made of the amount of the obligation.

Contnigcnt liabilities arc di.sclooed when there is a possible obligation ari.siug from past events, the existence of which wiJJ be ronfinned only by the eecurrence or nonxcurnence of one or more uncertain future events not wholly within ihe control of the Company or ,1 present obligation that arises from past events where it is either not probable that an outflow of resou^es will be required to settle the obligation or a reliable estimate of the amount cannot be made.

j) foreign Cuncncy Transactions & Translations

The functional cumncy of the Company is Indian Rupee. These Financial Statements are presented in Indian Rupee.

Transactions in foreign currencies entered into by the Company are accounted at the exdrange rates prcvading on the date of the transaction . Gains & losses arising on a.coount of realisation are amounted for in theStalement of Profit & Loss.

Monetary Assets & Liabilities in foreign cumeney that an: outstanding at the year end are translated at the year end exchange rates and the resultant gain/lnss is accounted for in the Statement of Profit & Less.

k) Cash and Cash Eqiuvalents

Cash and Cash Equivalent in the balance sheet comprise- C'Jsh at banks and on h nd and short-term deposits with an onginal maturity of three months or less. which are subject to an insignificant risk of changes in value.

l) Employee Benefits Defined Contribution Plan

The Company makes contributions towards provident fund to the regulatory authorities toa defined contribution retirement benefit plan for qualifying employees, where the Company hits no further obligations. Both the employees and the- Company make monthly contributions to theProvident Fund Plan equal to a specified percentage of the rovered employee's salary.

Defined Benefit Plan

The Company operates a defined benefit gratuity plan in India, comprising o( Gratuity fund with an approved tms.1. Ihc Company's liability is actuarially determined using the Projected Unit Credit method at the end of the year tn acrordarroe with tie provision of Ind AS 19 - Employee Benefits.

The Company nxognizcs the net obligation of a defined benefit plan in its balance sheet as an asset or liability. Gains and losses through re-mea.suremonls of the net defined benefit liabilily/(asset) arc recognized in other oomprchtf\Sivc income and ate 001 reclassified to profit or loss in subsequent periods.

The Company recognises the changes in the net defined benefit obligatic,n ljke service costs comprising current service costs, pastsservice costs. gains and losses on curtailments and non-routine settlements and net interest expense or income, as an expense in the Statement of Profit and Loss

Shori term employee benefits are charged off at the undiseounted amounl in the year in which the related services are rendered.

Other Jong term employee benefits-

The Company treats accumulated leaves expected to be carried forward beyond hvelve months, as long term employee benefit for mensurernent purposes. Such longterm compensated absences are provided for on the actuarial valuation using the projected unit credit method at the end of each financial year This bcne-lit is not funded. Actuarial gains/losses are iimneiately ttktn to die Statement of Profit and Loss and are not deferred.

m) Borrowing Cost

Borrowing oo.c;ts directly attributable to the acquisition, construction nr production of an a^sse that necessarily takes a substantial period of time to get ready for its intended use or sale are capitalised as part of the cost of the asset, All other borrowing costs aie expensed in the period in which they occur. Borrowing costs consist of interest and other costs that an irntity incurs in connection with the borrowing of funds. Borrowing cost also includes exchange differences to the extent regarded as an adjustment to the borrowing costs.

n) Leas.es

Ind AS 116 supersedes Ind AS 17 Lca.,;es including its appendices. standard sets out the principles for the recognition, measurement,

presenlation and disclosure of lea^ and requires l^se"CS to recognise most leases on the balance sheet TheCompany assesses at contract inception whether a contract is . or contains, a lease. That is, if the contract conveys the right to control the use of an identified a™t for a period of time in exchange for consideration.

Company as a lessee

The company applies 3 single recognition and measurement approach for till l("tlS('S, except for shortsbom leases and leases of low-value assets 'Hie company recognises lease liabilities to make lease payments and right-of-use assets representing the right to use the underlying assets

Right-of-use assets

The company recognises right-of-use assets al the commencement date of the lease (i.e. Ý the date the underlying asset is available for use). Right-of-use assets are measured at cost, less any occumulated depreciation and impairment losses, and adjusted for any rerncasure^nt of lease liabilities. The cost of right-of-use assets includes the amount of lease liabilities recognised, initial direct costs incurred, and lease payments made at or before the commencemm date less any lease incentives received. Right-of-use a^s are depreciated on a straightline basis over the shorter of Hie lease term and the estimated useful lives ol the a^sse-ts,

If ownership of the asset transfers to the company at the. end of the lease term or the cost reflects the exercise of a purchase option, depreciation is calculated using theestimated useftd life of the asset. The right^-of-use assets m also subject to impairment

Lease liabilities.

At the commencement date of the lease, the company recognises le-ase Jiabilities measured at the present value of lease payments to be made over the lease term. The lease payments include fixed payments (including ill subetance fixid payments) less any' lease incentives receivable, variable le<ase payments that depend on an index or a rate, and amounts expected to be paid under residual value guarantees. The lease payments also include the exercise price of a purchase option reasenahly certain to be exercised by thecompany and payments of penalties for terminating the lease, if the le^ term reflects the company exercising the option to terminate.

Variable lease payments that do not depend on an index or a rate are recognised as expenses (unless they are incurred to produce inventories) in the period in which the event or condition that triggers the payment occurs.

In calculating the present value of lease payments, the company uses its incremental borrowing: rate at the lease commencement date because the interest rate implicit in the lease is not readily determiiuble. After the commencement date, the amoimt of lease liabilities is incr('ased to reflect the accretion of interest and reduced for the lease payments made. In addition, the canying amount of lease liabilities is re-measured if there is a modification, a change in the lease term, a change in the lease payments (e.g., changes to future payments resulting from a clunge in an itdex or rale used to determine such lease payments) or a change in the a^^ment ol an option to purchase the underlying assct.

The company's lease liabilities are included in Interest-bearing loans and borrowings Short-tenn leases.and leases of low-value assets

The company applies the short-term lease recognition exemption to its short-term leases of machinery and equipment (i.e., those leases that have a lease t^m of 12 monlhs or less from the commencement date and do not contain a purchase option). It also applies the lease of low-value ai^ssets recognition exemption to leases of office equipment that are considered to be low value. lj;ase payments on shortterm leases and leases of low value a^ts are recognised as expense on a straight-line basis over the lease term.

Company as i lessor

Leases in which the Company does not transfer substantially all the lisks and rewards incidental to ownership of an asset are classified as operating leases. Rental income arising is amounted for on a straight-line basis over the lease tenns and is included in revenue in the statement of profit or loss due to its operating nature. Initial direct costs incurred in negotiating and arranging an operating lease are added to the carrying amount of the leased asset and recogntsed over the lease term on the same basis as rental income. Contingent rents are recognised as revenue in the period in which they are earned.

o) Income Taxes

Income tax <Ý xpense t.s recognized in the Statement of Profit & Loss except to the extent tl.nl it relates to items recognized directly in equity, in which case it j s recognized i n other comprehensive income. Provision for current tax is made at the current tax rates ba..sed on assl"SSable income.

Deferred income tax assets and liabWties are recognized for all temporary differences arising behveen the tax bases of assets and liobWties and their carrying amounts in the Fnancial Statements except when the deferred income tax arises from the initial recognition of goodwill or an asset or liability in a transaction that is not a business combination and affects neither accounting nor taxable profit or loss at the time of the transaction. Deferred tax assets are reviewed at each reporting date and are reduced to the extent that it is no longer probable that the related tax benefit will be realized.

Deferred income tax assets and liablities are measured using tax rates and tax laws that have lxen enacted or substantively enacted by tie Bala net Sheet date and arc expected to apply to taxable income in the years in which those temporary differences are expected tobe recovered orsettled. The effect of changes in tax rate-; on deferred income tax assets and liabilities is recognized as income or expense in the period that includes the enactment or the substantive enactnwnt date. A deferred income tax asset is recognized to the extent that it is probable that future taxable profit will be available against which the deductible temporary differences and tax losses can be utilized. Deferred income taxes are not provided on the undislributed eiarniings of subsidiaries and branches where it is txp«ted thal the earnings of the subsidiaiy or branch will not be distributed in Ihe foreseeable future. The company offsets current tax assets and current lax liabilities, where it has a legally enforceable right to set off the recognized amounts and where it intends either to settle on a net basis, or to realize the asset and settle the liability simultaneously

p) Earnings per Share

Basic earnings per share is computed by dividing the net profit for the period attributable to the equity shareholders of the Company by the weighted average number o( equity shares outstanding during the period. The weighted average number o( equity shares outstanding during the period is adjusted for events such as bonus issue, bonus element in a rights Issue, share split, and reverse share split (consolidation of shares) that hve changed the number of equity shares outstanding, without a eorres-pondingchange in rts.ources.

For the purpose of cakulaling diluted earnings per share, the net profit for the period attributable to equity shareholders and the weighted average number of shares outstanding during the period is adjusted for the effects of all dilutive potential equity shares.

q) Segment Report

Operating seg:ments are reported in a manner consistent with Ihe internal reporting prnvided to chief operating.decisiosi maker.

In terms of the- requirement ol Ind AS IIB, the Company had identified primary business segment, viz., •Agro-input". However, pursuant to guidelines issued by Ministry of Qiemicals & Fertlisers, P&:K Fertilizers (Phosphatic & Potassic) has been considered as Separate Segment and reported. The operating segnwnts have been reported in a manner consistent with the internal reporting provided by the company.

r) Recent Accounting Pronouncements

Ministry of Corporate Affairs ("MCA") notifies new standards or amendments to the existing standards under Companies (Indian Amounting Standards} Rules as issued from time to lime. For the year ended March 31, 2024. MCA has not notified any new standards or amendments to the existing standards applicable to the Company

{ii) Fair value hierarchy

Afl ' Financial Arota &: Financial Liabilit nrc carried .it an)0i1i.li!Cd costcfcrcpt Cuirent ln\'wtnicnl:$ and Foreign Cum,ncy Future Cantro\Cts which have fair valued.

l—vtl 1 — Q\IOCcd (adjusted) marVct p^^s inactivemaiieti for identical a$&ct& orli.;)biliti(>s.

Level 2 — Valiution tcs:hniques for which the lnwes.t level input that is ,ipiifirant tu tic fairv.-.lu,c, ^asureincrt » directly « indirectly nb!ol:ivable.

level 3 — Valuation techniques. for which the lowes.t kvH input that L.; sipiifiranl to tic fair value rneasurc^nt » uno^^ecablc.

Financial risk factois

The Company's activities expose it to a va.riety of financi.al risks; (a) market risk/b) liquidif risk & (c)credit risk whkh may adversely imp.1ct the fair Value of ils financial instruments. The Company's focus is to foresee the unpredictability of fnancial martets and seek to minimize potential .idveree effects on its financial ptrformance.

(A) Market ri.sk

Market risk comprises interest rate risk & foreign currency risk. Financial instruments affected by market risk include loans and borrowings in foreign currencies.

(11) Interest rate risk

The Company is exposed to interest rate risk beeause the Company borrow funds both at fixed and floating interest rates. nw risk is managed by the Company by maintaining an appropriate mix hetweffi fixed md floating rate borrowings. The Company's expesure to the risk of change..: in market interest rales relates primaily 10 the Company's longtenn debt oMigtihons with floating inlel.'l'SI rat^

(b) Foreign currency lisks

Foreign currency risk is tlie risk that the fair value ol future cash f o“'$ of.m exposure will fluctuate tw.iuse of chengcs in forel'gn e:xdung<> rites. The Company's exchange rate risk exposure is primanly due to trade payables dcnom.inatcd in foreign currcn...cy. The Company is TOrcstrkting iL<: exposure o! risk in change in exchange rates by way ol Forward/Future ControcL.

(q Credit risk

Credit risk is the risk of financial loss arising from ^nter-patty failure to repay or service debt according to the contractual terms or obligations. Credit risk enasmptssesboth the direct risk of default and the risk of de!erioration of creditworthiness.

Financial iredrvrnents that are Jubjeel to m^it risk principally consist of Trade Receivables, Wirrc. Receivables, lnvestmcnls, Oa$h "nd Cash £quivalmts and Financial Guarantees provided by the Company. None of the financial instruments of the Company result in material concentration of credil risk.

Company has a of dealing only with credit worthy counter parties a, a ineans of mitigating the nsk of financial lo.s.s from defaults. The

Company manages risks through aedit approvals, (^Wishing credit limits and onlinuously monitoring the aedihvorthiness of customer:; to which the company g.rants credit terms in the normal course of business..

Segment Reporting pursuant to Department of Fertilisers Notification dated 18th January 2024.

In terms of the requirement of Ind AS 108, the Company had identified primary business segment, viz, "Agro-input". However, pursuant to guidelines issued by Ministry of Chemicals & Fertlisers, P&K Fertilizers (Phosphatic & Potassic) has been considered as Separate Segment and reported. The operating segments have been reported in a manner consistent with the internal reporting provided by the company.

Note 4) Other Statutory Information

{i) The Company do not have any Benami Property. Further, there is no proceedings initiated or pending against the Company for holding any Beiami property.

(ii) The Company do not have any charges or t-atisfoclion which i:; yet to tM: ngisteecd with R^C beyond lhe statutory period,

(iU) The Company has not ti,ided or invested in Crypto currency iir Virtual Currency during the financial pear.

(iv) lie Company has iuit advanced or loaned or ' invested funds to any other person(s) or entity(ies):

(a) Directly or indi^irectly lend or invest in other persons or entities identified in any manner whats«x:vcr by or on behalf of the Company(Ultimatt> Beneficiaries) or

(b) Provide any guarantee, Sitlrurity or the like to or 01, behalf of the Ultimate Beneficiaries

(v) The Company has not reeeived my fond from <1ny person(s) or cntity(ies), including foreign entities (funding Party) with the understating (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 ParlpeUltinute lkitefidaries) or

(b) Provide .any gu.urnntee, security or the like to or on behalf oi the Ultimate Beneficiaries.

(vi) The Company doe. not have any tran$3ction which is not m:orded in the books of aeconts that has bebeer'! surrendered or diS<:l0Seil ai income:: during the year in the t:ix I\Ssettsment$ under the ll't.<;omeT:»: Act.1961,

(vii) The Company d^ not live any transactions with oompanies shuck off under section 248 of the Companies Act., 20I.J or section 560 of the Companies Act, 1956.

(viii) lie Company has oompile-d with ihe number of layers p^re::.cribed under clau«(87) of ^tion 2 of the Act read with the Companies(Restrirlion on Number of l.3yers) Rules,0Ol7.

(>x) Ihcrc are no events or transactions after the reporting period which is required to be disclosed under Ind AS LO.

(x) The Company is not a Core Investment Company as defined in the regulations nude by R^rve 0.ank of India. The Company has no Core Investment Company els part of the Group.

Note 44 A Part of land and Building thereon has been sold to the oompany"s earstwhile wholly owned subsidiary (M/S Abhin.andan Goods Pvt Lid)* Execution of ronveyance Deed is pending for necessorycompliaice.

• Abhinandan Goods Pvt. Ltd. was subsidiary upto ^^>2024

Note 45 &lanee1' of sun^ parties (including of Trade n.'<Ciwible& and Trade payables) and loans .-ind admCt** are subject tu ^r«onci.li;ition/confir*r-,tions from tie* respective parties. The management d'IC not expect any material difforcrw.:cs affecting the finand.il statemnt for the year,

Note 46 Corresponding comparative figures for the previous year fuve been regroupol arid readjusted wherever C()nsid*red necessity to Conform to th<: current year pre$ntdtion.

As per our Report of even date attached

ForSK AGRAWAL AND CO For and on behalf of the Board of Director

CHARTEREDACCOUNTANTS UUP

Chartered Accountants

Firm Rcgistralion \o.-306033E/F300272

Ajay Bangur Sonali Sen

Executive Director Independent Director

Henurnt Kumar Lakhotla ^D'^N °⁰⁰⁴'⁷" ^DIN = °⁰⁴⁵'⁸³⁹

(Partner)

Membership No. 068851

Nanda Kishore Kabra Sha^nkar BamTj^ee

P'rAOr a Chief Financial Officer C°mp^any ^ivtei-y

^{Dated 29th May 2024} Membership No. A45073