(b) Terms / Rights attached to equity shares:

The Company has only one class of equity shares having a face value of 10/- per equity share each holder of equity shares is
entitled to one vote per share.

In the event of liquidation of the Company, the holders of the equity shares will be entitled to receive remaining assets of the
Company, after distribution of all preferential amounts. The distribution will be in proportion to the number of equity shares
held by the Shareholder.

27 Book Debts are dassifed as below 6 months as most of all the customers are for over a decade and payment collection is on
account and not invoice to invoice Hence, considering the collection on FIFO basis, there are no outstanding dues over 6
months.

28 Employee Benefits

The company operates a defined plan of gratuity for its employees. Under the gratuity plan, every employee who has
completed at least five years of service gets a gratuity on departure #15 days of last drawn salary for each completed year
of service. The scheme is unfunded.

The following tables summarize the components of net benefit expense recognized in the statement of profit and loss and
amounts recognized in the balance sheet for the respective plans.

The estimates of future salary increase, considered in the actuarial valuation, take into account inflation, promotion and
other relevant factors, such as supply and demand into the employment market. The overall expected rate of return on
assets is determined based on the market prices prevailing on that date, applicable to the period over which the obligation is
to be settled

* To the extent information available with the management.

29 Details of dues to micro and small enterprises as defined under the MSMED Act, 2006

As per intimation available with the Company, there are no micro, small and medium enterprises as defined in the Micro,
Small and Medium Enterprise Development Act, 2006 to whom the Company owes dues on account of principal amount
together with interest and accordingly no related additional disclosure have been made.

30 In accordance with the Accounting Standard 22" Accounting for Taxes on Income", isuued by the Institute of Chartered
Accountants of India, the company have 3 net deferred tax assets.However, in view of company’s losses having incresed
significantly, deferred tax assets on timing difference, on unabsorbed depneation and business losses hav not been
accounted lor in the books since it is not virtually certain that they will be realised against future profits.

31 As per the provision of section 203 of Companies Act 2013 and rules made thereunder, the Company is required to
appoint 1 Company Secretary as members of its boards in board However, as an balance sheet siging date Company
Secretary is not appointed. Company Secretary was resigned as on 10th Apriii 2025.

32 In absence oi receipt of balance confirmation from all the suppliers, customers ,bankers etc, certain balance may be subject
to reconciliation post confirmation.

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

For, Patel ialn & Associates Sabar Flex India Limited

Firm Registration No. 129797W
Chartered Accountants

Sd/- Sd/- Sd/-

Vivek A. Bhatt Hlkmat Kunwar Manish Chaudhary

Partner Managing Director Director

Membership No : 193504 DIN: 00024010 DIN:09829282

Sd/-

Tlnlde Rawaf

Chief Financial Officer

Place: Ahmedabad Place: Himmatnagar

Date: 28/05/2025 Date: 28/05/2025