PROVISION FOR RETIREMENT BENEFITS
Gratuity: The Company's obligations towards gratuity to
employees has been provided for at actuals and other
retirement benefits as per policy of the company have been
provided for as per IndAS-19. The same have been charged
in the profit and loss of the Company.

Provident Fund: The employer and employee make
statutory contribution towards the Government's Provident
Fund and the same is charged in the profit and loss of the
Company.

EXPENSES

Material known liabilities are provided based on available
information /estimates.

TIMING REVENUE RECOGNITION

In appropriate circumstances, revenue (income) is
recognized when no significant uncertainty as to
measurability or collectability exists.

TAXATION

Provision for taxation is made based on the current tax rates
in force.

Deferred tax charge or credit (reflecting the tax effect of timing
difference between accounting income and taxable income
for the period) is determined in accordance with the IndAS-12.
The deferred tax charged or credited and the corresponding
deferred tax liabilities or assets are recognized using the tax
rate that have been enacted or subsequently established by
the Balance Sheet date. Deferred tax assets are recognized
and carried forward to the extent that there is a reasonable
certainty that sufficient future taxable income will be available
against which such deferred tax assets can be realised.

CASH FLOW STATEMENT

Cash flows are reported using indirect method, whereby profit
before tax is adjusted for the effects of transactions of a non
cash nature and any deferrals or accruals of past and future
cash receipts and payments. The cash flows from regular
operating, investing and financing activities of the Company
are segregated.

CONTINGENT LIABILITIES

All liabilities have been provided for in the accounts except
liabilities of a contingent nature, which have been disclosed at
their estimated value in the notes on accounts.

IMPAIRMENT OF ASSETS

Impairment loss, if any, is recognized in accordance with the
accounting standard IndAS-36.

PRIOR PERIOD ITEMS

Material items of prior period non-recurring and extra ordinary
items, if any, are disclosed separately.

NOTES:

1. Tax provision for income tax has been made as per the
Income Tax Act, 1961.

2. Debit and credit balances in respect of debtors, loans and
advances and creditors are subject to confirmation and
reconciliation.

3. In accordance with the IndAS-21, net profit of ' 1.82 lacs
(PY profit of ' 4.20 lacs) due to foreign exchange
fluctuations arising on foreign currency transactions has
been considered in the Profit and Loss Account.

4. In the year under review, the Company has provided the
gratuity ' 101868 (P.Y. ' 96697) towards gratuity
calculated up to the date of Balance Sheet date according
to the Gratuity Act on incremental basis.

5. The company has accounted for deferred tax assets of

' 12423 (P.Y. deferred tax assets of ' 79570 ) for the year
under review as per IndAS-12 in the profit and loss
account.

6. Contingent liability to the extent not provided for ' NIL ( P.Y
' NIL)

7. Previous year figures have been regrouped and
reclassified wherever necessary to be in conformity with
the current year figures.

8. Estimated amount of capital contracts remaining to be
executed and not provided for net of advance paid ' NIL

11. The Company has not received any information from any
of the suppliers of their status as Small Scale Industrial
Unit. Hence, the amounts due to them outstanding as at
31^st March 2024 is not ascertainable.

12. Related party disclosures as per the Accounting
Standard AS-18 issued by the Institute of Chartered
Accountants of India:

a. List of related parties

i. Subsidiaries : The Company does not have
any subsidiary Company.

ii. Key Management Personnel
Mr. Jagdish Agrawal

Mr. Sumit Agrawal

iii. Relatives of Key Management Personnel
Ishita Pharmaceuticals

Anvi Lifesciences Pvt. Ltd.

J & J Chemicals

Umang Financial Services Ltd

b. Transactions / balances outstanding with Related parties

Signature to Notes A to N

Sd/- ^{Sd/- Sd/-}

For Jaymin Shah & Associates ^{Jagdish A}gra^wa| G°^vind G^upta

Chartered Accountants Managing Director Director

Sd/- Sd/-

Mrs.Abha Agrawal Sumit Agrawal

Director CFO

Place : Ahmedabad
Dated : 30^th May, 2024