h Provision and Contingencies

The Company creates a provision when there exists a present obligation as a result of a past event that
probably requires an outflow of resources and a reliable estimate can be made of the amount of the
obligation. A disclosure for a contingent liability is made when there is a possible obligation or a present
obligation that may, but probably will not require an outflow of resources. When there is a possible
obligation or a present obligation in respect of which likelihood of outflow of resources is remote, no
provision or disclosure is made.

i Earnings Per Share

(i) Basic earnings per share

Basic earnings per share is calculated by dividing:

- the profit attributable to owners of the company

- by the weighted average number of equity shares outstanding during the financial year, adjusted
for bonus elements in equity shares issued during the year and excluding treasury shares

(ii) Diluted earnings per share

Diluted earnings per share adjusts the figures used in the determination of basic earnings per share
to take into account:

- the after income tax effect of interest and other financing costs associated with dilutive potential
equity shares, and

- the weighted average number of additional equity shares that would have been outstanding
assuming the conversion of all dilutive potential equity shares.

j Cash and Cash Equivalents

Cash and cash equivalents include cash and cheques in hand, bank balance.
k Trade and other payables

These amounts represent liabilities for goods and services provided to the company prior to the end
of financial year which are unpaid. Trade and other payables are presented as current liabilities unless
payment is not due within 12 months after the reporting period.

l Offsetting financial instruments

Financial assets and liabilities are offset and the net amount is reported in the balance sheet where there
is a legally enforceable right to offset the recognised amounts and there is an intention to settle on a net
basis or realise the asset and settle the liability simultaneously. The legally enforceable right must not be
contingent on future events and must be enforceable in the normal course of business and in the event of
default, insolvency or bankruptcy of the company or the counterparty.

m Contingent Liability

A contingent liability is a possible obligation that arises from past events whose existence will be
confirmed by the occurrence or non-occurrence of one or more uncertain events beyond the control of
the Company or a present obligation that is not recognized because it is not probable that an outflow
of resources will be required to settle an obligation. A contingent liability also arises in extremely rare
cases where there is a liability that cannot be recognized because it cannot be measured reliably. The
Company does not recognize a contingent liability but discloses its existence in the financial statements.
The Details are as under:

i) Sales Tax Liability of Rs. 97,33,201 for the year 2008-09 (P.Y. Rs.97,33,201) against which appeal
is pending

B. Terms and rights attached to equity shares

The Company has only one class of shares referred to as equity shares having a par value of Rs.10/- per share.
Each holder of equity shares is entitled to one vote per share. In the event of liquidation of the Company,
the equity shareholders will be entitled to receive remaining assets of the Company, after distribution of
all prefrential amounts. The distribution will be in proportion to the number of equity shares held by the
shareholders.

Note 30 - Title deeds of immovable properties held/not held in the name of company

The title deeds of the immovable properties of the company are held in the name of the company
Note 31 - Revaluation of Property Plant and Euipment

During the year the company has not revalued the Property Plant and Equipment

Note 32 - Loans or Advances in nature of loans granted to promoters, directors, KMPs and the related
parties (severally or jointly)

The company has not granted any loans or advances in the nature of loans to promoters, directors, KMPs and
related parties as defined under the Companies Act, 2013, either severally or jointly with any other person.

Note 33 - Capital-Work-in Progress (CWIP)

There is no Capital Work-in Progress for any project for the Company

**The company does not have any capital work in progess whose completion is overdue or has exceeded its
cost compared to its original plan.

Note 34 - Details of Benami Property held

There are no proceedings intiated or pending against the company for holding any benami property under the
Benami Transactions (Prohibition) Act, 1988 (45 of 1988) and the reules made thereunder

Note 35 - Wilful Defaulter

The company has not been declared as wilful defaulter by any bank or financial institution or government or any
government authority.

Note 36 - Relationship with Struck off Companies

The company does not have any relation with struck off companies.

Note 37 - Compliance with number of layers of companies

The Company do not have any subsidiary

Note 38 - Compliance with approved Scheme(s) of Arrangements

The company is not under any scheme of Arrangements as prescribed under sections 230 to 237 of the Companies
Act, 2013. Hence, there is no effect of such schemes in the books of accounts as at end of the year.

As per our report of even date For and on behalf of the Board of Directors of

For PARVeEn LOKWANI & CO. Laffans Petrochemicals Limited

Chartered Accountants
Firm Regn No. 143818W

CA PARVEEN LOKWANI Sandeep Seth Anisha Seth

Proprietor Director Director

M.No.167785 DIN No. 00316075 DIN No. 06867960

Vaishali Narendra Rathod Mahalinga Booba Kotian

Company Secretary CFO

M.No. A29205

Place:- Mumbai

Date: 23/05/2025 Place:- Mumbai

UDIN:- 25167785BMHTPT6884 Date: 23/05/2025