(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 financialreportingpurposes and thecorrespondingamountsused for taxationpurposes.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 when paid. 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) gas been computed in accordance with the Accounting Standards Earning Per
Share (AS-20).

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

The disclosure in respect of the amount payable to enterprises which have provided goods and services to the
Company and which qualify under the definition of Micro and Small Enterprises, as defined under Micro, Small and
Medium Enterprises Development Act, 2006 has been made in the Financial statement as at 31 March 2023 & 31
March 2024 based on the information received and available with the management. Further, the company has not
paid or provided any interest on late payment to the enterprises as specified under section 15 and 16 of Micro, Small
and Medium Enterprises Development (MSMED) Act, 2006.

(a) the principal amount ' 2,32,13,822 (Previous year-' 1,04,11,256) and the interest due thereon NIL (Previous
year-' 1,50,587) 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

The disclosure in respect of the amount payable to enterprises which have provided goods and services to the
Company and which qualify under the definition of Micro and Small Enterprises, as defined under Micro, Small and
Medium Enterprises Development Act, 2006 has been made in the Financial statement as at 31 March 2023 & 31
March 2024 based on the information received and available with the management. Further, the company has not
paid or provided any interest on late payment to the enterprises as specified under section 15 and 16 of Micro, Small
and Medium Enterprises Development (MSMED) Act, 2006.

(a) the principal amount ' 2,32,13,822 (Previous year-' 1,04,11,256) and the interest due thereon Nil (Previous
year-' 1,50,587) 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

• The title deeds of all immovable properties are held in the name of the company.

• 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.

• 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.

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

• Company does not have any Intangible Assets under development.

• 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.

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

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

• 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.

• 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.

• 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.

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

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

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

• The company has borrowed working capital funds from banks on security of current assets of the company
for which it has submitted stock and book debt statements with the bankers, the detail of the same
is as follows.

• The Company does not have any layers of companies.

• The Networth, Turnover and Net Profit of the Company is below the threshold criertia for Corporate Social
Responsibility (CSR) as required under the Provisions of The Companies Act, 2013 and hence the company is not
required undertake any (CSR) initiatives.

Notes

Explanations given where change in the ratio is more than 25% as compared to last year

1. Net Profit Ratio

Net Profit Ratio has improved due to increased profit and increased turnover.

2. Debtors Turnover

Return On Equity has improved due to increase in profitability.

3. Return On Equity Ratio

Return On Capital Employed Ratio has improved due to increased profitability during the year as compared to
previous year.

4. Trade Payables Turnover Ratio

DSCR Ratio has improved due to increased profitability during the year as compared to previous year.