(v) Provision, Contingent Liabilities and Contingent Assets:

A provision is recognised if, as a result of a past event, the Company has a present legal or constructive
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 discounting the expected future cash flows
(representing the best estimate of the expenditure of the time value of money and the risks specific to the
liability. The unwinding of the discount is recognised as finance cost. Expected future operating losses are
not provided for. Contingent liabilities are not recognized in the financial statementsand are only disclosed.
A contingent asset is neither recognized nor disclosed in the financial statements.

(vi) Revenue

Revenue from the sale of goods in the course of ordinary activities is measured at the fair value of the
consideration received or receivable, net of returns, trade discounts and volume rebates. This inter alia
involves discounting of the consideration due to the present value if payment extends beyond normal
credit terms. Revenue is recognised when the the associated costs and possible return of goods can be
estimated reliably, there is no continuing effective control over, or managerial involvement with, the goods,
and the amount of revenue can be measured reliably.

(vii) Income Tax
Current Tax

Current tax comprises the expected tax payable or receivable on the taxable income or loss for the year
and any adjustment to the tax payable or receivable in respect of previous years. The amount of current
tax reflects the best estimate of the tax to the tax payable or receivable in respect of previous years.
The amount of current tax reflects the best estimate of the tax using tax rates (and tax laws) enacted or
substantively enacted by the reporting date.

Current tax assets and current tax liabilities are offset only if there is a legally enforceable right to set off
the recognised amounts, and it is intended to realise the asset and settle the liability on a net basis or
simultaneously.

Deferred tax

Deferred tax is recognised in respect of temporary differences between the carrying amounts of assets
and liabilities for financial reporting purposes and the corresponding amounts used for taxation purposes.
Deferred tax is also recognised in respect of carried forward tax losses and tax credits.

Deferred tax assets are recognised to the extent that it is probable that future taxable profits will be
available against which they can be used. The existence of unused tax losses is strong evidence that
future taxable profit may not be available. Therefore, in case of a history of recent losses, the Company
recognises a deferred tax asset only to the extent that it has sufficient taxable temporary differences
or there is convincing other evidence that sufficient taxable profit will be available sufficient taxable
temporary differences or there is convincing other evidence that sufficient taxable profit will be available
each reporting date and are recognised/ reduced to the extent that it is probable/ no longer probable
respectively that the related tax benefit will be realised.

(viii) Borrowing Cost

Borrowing costs are interest and other costs incurred in connection with the borrowing of funds. Borrowing
costs directly attributable to acquisition or construction of an asset which necessarily take a substantial
period of time to get ready for their intended use are capitalised as part of the cost of that asset. Other
borrowing costs are recognised as an expense in the period in which they are incurred.

(ix) Retirement Benefits

Provision for gratuity has been made in the accounts on acturial valuation basis. Leave encashment, LTA,
Medical Assistance are accounted as and provided on actual basis due to respsective eomployees for
each year. The Company is a member of recognized Provident Fund scheme established by the regional
Government of Gujarat. The Company is contributing 12% of Salary & Wages of eligible employees under
the scheme every month. The amount of contribution is being deposited each and every month well within
the time under the rules of EPF Scheme.

(x) Cash and Cash Equivalents

Cash and Cash equivalents for the purpose of Cash Flow Statement comprise cash and cheques in hand,
bank balances, Cash and Cash equivalents for the purpose of Cash Flow Statement comprise cash and
cheques in hand, bank balances, investments. The cash flows from operating, investing and financing
activities of the Group are segregated based on the available information.

(xi) Earning per share

Basic earning per share is calculated by dividing the net profit or loss for the period attributable to the
equity shareholders by the weighted number of equity shares outstanding during the period. The weighted
average 'number of equity shares outstanding during the period and for all the periods presented is
adjusted for events, such as bonus shares, that have changed the number of equity shares outstanding,
without a corresponding change in resources.

3 NOTES TO ACCOUNTS

(a) The above results have been reviewed by the audit committee and thereafter approved by the board of
directors at their meeting held on, and has been audited by the statutory Auditor's of the Company. The
standalone financial results have been prepared in accordance with the Indian Accounting Standards (IND-
AS) as prescribed under section 133 of the Companies Act, 2013 read with Rule 3 of the Companies (Indian
Accounting standards)Rules, 2015 and relevant amendment rules thereafter.

(b) The company is primarily engaged in only one business of filled and reinforced Rermoplastic compounds
and masterbatches and hence segment reporting is not applicable.

(c) The Earning Per Share(EPS) has been computed in accordance with the Accounting Standards Earning Per
Share (IND AS-33).

(d) Figures of Previous Period/Year have been regrouped/ recast whenever necessary in order to make
them comparable.

Credit Risk arising from trade receivables is managed in accordance with the Company's established policy, procedures
and control relating to customer credit risk management. Credit quality of a customer is assessed based on a detailed
study of credit worthiness and accordingly individual credit limits are defined/modified. Board of directors continuously
monitor the realisation of trade receivables and the classification is certified by them.

Notes:

(a) No Shares have been reserved for issue under options and contracts / commitments for the sale of shares/
disinvestments.

(b) During the past 5 years the company has not allotted any shares pursuant to contracts, without payment being
received in cash.

(c) During the past 5 years the company has not allotted any bonus shares.

(d) During the past 5 years the company has not bought back any shares.

(e) No Calls are unpaid by the directors and officers of the company.

The Management has identified enterprises which have provided goods and services to the Company and which
qualify under the definition of micro, small and medium enterprises, as defined under Micro, Small and Medium
Enterprises Development Act, 2006. Accordingly, the disclosure in respect of the amounts payable to such enterprises
has been made in the financial statements based on information received and available with the Company, which is
relied upon by the auditors. Further in the view of the management, the impact of interest, if any, that may be payable
in accordance with the provisions of the Act is not expected to be material.

(a) the principal amount ' Nil (Previous year - ' Nil) and the interest due thereon NIL (Previous year-' NIL) is
remaining unpaid to any supplier being MSME at the end of accounting year.

(b) the amount of interest paid by the buyer in terms of section 16 of the Micro, Small and Medium Enterprises
Development Act, 2006 (27 of 2006) along with the amount of the payment made to the supplier beyond the
appointed day during each accounting year - Nil.

(c) the amount of interest due and payable for the period of delay in making payment (which has been paid but
beyond the appointed day during the year) but without adding the interest specified under the Micro, Small and
Medium Enterprises Development Act, day during the year) but without adding the interest specified under the
Micro, Small and Medium Enterprises Development Act, 2006 - Nil.

(d) the amount of interest accrued and remaining unpaid at the end of each accounting year - Nil; and

The Management has identified enterprises which have provided goods and services to the Company and which
qualify under the definition of micro, small and medium enterprises, as defined under Micro, Small and Medium
Enterprises Development Act, 2006. Accordingly, the disclosure in respect of the amounts payable to such enterprises
has been made in the financial statements based on information received and available with the Company, which is
relied upon by the auditors. Further in the view of the management, the impact of interest, if any, that may be payable
in accordance with the provisions of the Act is not expected to be material.

(a) the principal amount ' 210.76 (Previous year - ' 237.13) and the interest due thereon Nil (Previous year-' NIL) is
remaining unpaid to any supplier being MSME at the end of accounting year.

(b) the amount of interest paid by the buyer in terms of section 16 of the Micro, Small and Medium Enterprises
Development Act, 2006 (27 of 2006) along with the amount of the payment made to the supplier beyond the
appointed day during each accounting year - Nil.

(c) the amount of interest due and payable for the period of delay in making payment (which has been paid but
beyond the appointed day during the year) but without adding the interest specified under the Micro, Small and
Medium Enterprises Development Act, day during the year) but without adding the interest specified under the
Micro, Small and Medium Enterprises Development Act, 2006 - NIL

(d) the amount of interest accrued and remaining unpaid at the end of each accounting year - Nil; and

(e) The amount of further interest remaining due and payable even in the succeeding years, until such date when
the interest dues above are actually paid to the small enterprise, for the purpose of disallowance of a deductible
expenditure under section 23 of the Micro, Small and Medium Enterprises Development Act, 2006. - Nil.

Additional Regulatory information required by Schedule III of The Companies Act, 2013

I The title deeds of all immovable properties owned by the company are held in the name of the company.

2. The company has not revalued its Property, plant and equipment or right to use assets or intangible assets

during the current year or previous year.

3 The company has not granted any Loans or Advances to the Promoters, Directors, KMPs or Related Parties (as
defined under Companies Act, 2013) either severally or jointly with any person.

4 The Company has no Capital Work-In-Progress.

5 Company does not have any Intangible Assets under development.

6 No proceedings are initiated or are pending against the company for holding any Benami property under the
Benami Transactions Prohibition Act, 1988 and the rules thereunder.

7 The company does not have any charges or satisfaction of charges which are yet to be registered with
Registrar of Companies.

8 The company has not entered in to any scheme of arrangement under section 230-237 of the Companies Act, 2013.

9 The company has not advanced or loaned or invested (either from borrowed funds or share premium or
any other sources or kind of funds) any funds to or in any other person(s) or entity(ies), including foreign
entities("Intermediaries"), with the understanding, whether recorded in writing or otherwise, that the
Intermediary shall, whether, 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 on behalf of the Ultimate Beneficiaries.

10 The company has not received from any person(s) or entity(ies), including foreign entities ("Funding Parties"),
any funds with the understanding, whether recorded in writing or otherwise, that the company shall, whether,
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;

II The Company does not have any transactions with companies struck off under section 248 of the Companies Act,
2013 or section 560 of Companies Act, 1956.

12 The company has not disclosed or surrendered any undisclosed income in current year or previous year under
the Income Tax Act, 1961, that has not been recorded in books of accounts of the company.

13 The company has not traded in crypto currency or virtual assets either during the current year or previous year.

14 The company has not been declared wilful defaulter by any bank or financial institution.

15 The Company has utilised the borrowed funds for the purpose for which they were obtained.