2.5 PROVISION AND CONTINGENT LIABILITIES:

The Company recognizes a provision when there is 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. Provisions are not discounted to present value and are determined based on
best estimate required to settle the obligation at the Balance Sheet date. 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. Where there is possible obligation or a
present obligation that the likelihood of outflow of resources is remote, no provision or disclosure
is made.

2.6 INVENTORIES

Finished goods stock is valued at lower of cost or net realizable value and stock of raw material is
valued at cost. Inventories has no values so written off during the year.

2.7 Taxes

Tax expense comprises of Current Income Tax and Deferred Tax. Deferred income taxes are
recognized using the liability method on temporary differences between the financial statement
determination of income and their recognition for tax purposes. The effect of deferred tax assets
and liabilities of a change in tax rates is recognized in income using the tax rates and tax laws that
have enacted or substantively enacted by the Balance Sheet date. Deferred tax assets are
recognized and carried forward only to the extent that it is probable that future taxable income will
be available against which such deferred tax assets can be realized.

2.8 Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and cash at bank.

2.9 Cash Flows

Cash flows has been prepared by indirect method.

2.10 Segment Reporting

The Company's operations relate to single segment i.e. Agro/Fruit processing and have been
discontinued.

2.11 CURRENT AND NON CURRENT CLASSIFICATION

All assets and liabilities have been classified as current and non-current as per the company's
normal operating cycle and other criteria set out in the schedule III of the Act and IND AS 1,
Presentation of financial statements.

Assets:

Assets are classified as current assets when it satisfies any of the following criteria

1. It is expected to be realized in, or is intended for sale or consumption in, the company's normal
operating cycle;

2. It is held primarily for the purpose of being traded;

3. It is expected to be realized with in twelve months after the reporting date;

4. It is a cash and cash equivalent.

Liabilities:

Liabilities are classified as current assets when it satisfies any of the following criteria

1. It is expected to be settled in the company's normal operating cycle

2. It is held primarily for the purpose of being traded;

3. It is expected to be realized with in twelve months after the reporting date;

2.12 Earnings per shares (EPS)

Basic earnings per shares (EPS) is calculated by dividing the net profit or loss for the period
attributable to equity shareholders by the weighted average number of equity shares outstanding
during the year. Company has making losses so has negative EPS as mentioned in Note 14.6.

2.13 Revenue Recognition (for other Income)

The Company recognizes the sale of goods when the significant risks and rewards of ownership are
transferred to the buyer, which is usually when the goods are dispatched to the customers.

Interest Income and other items are accounted on Accrual Basis. Interest income includes Interest
on Fixed Deposits.

2.14 Fair value measurements

The company measures financial instruments at Fair value at each reporting date.

2.15 FINANCIAL INSTRUMENTS
(i) Financial Assets

A. Initial recognition and measurement

All financial assets are recognized initially at fair value plus, in the case of financial assets
not recorded at fair value through profit or loss transaction costs that are attributable to
the acquisition of the financial asset. Purchase and sale of financial assets are recognized
using trade date accounting.

B. Subsequent measurement

a) Financial assets carried at amortized cost (AC)

A financial asset is measured at amortized cost if it is held within a business model
whose objective is to hold the asset in order to collect contractual cash flows and the
contractual terms of the financial asset give rise on specified dates to cash flows that
are solely payments of principal and interest on the principal amount outstanding.

b) Financial assets at fair value through other comprehensive income (FVTOCI)

A financial asset is measured at FVTOCI if it is held within a business model whose
objective is achieved by both collecting contractual cash flows and selling financial
assets and the contractual terms of the financial asset give rise on specified dates to
cash flows that are solely payments of principal and interest on the principal amount
outstanding.

c) Financial assets at fair value through profit or loss (FVTPL)

A financial asset which is not classified in any of the above categories are measured at
FVTPL.

C. Other Equity Investments

All other equity investments are measured at fair value, with value changes recognized for
those equity investments for which the Company has elected to present the value changes
in 'Other Comprehensive Income'.

D. Impairment of financial assets

The Company recognizes loss allowances using the expected credit loss (ECl) model for the
financial assets which are not fair valued through profit or loss. loss allowance for trade

receivables with no significant financing component is measured at an amount equal to
lifetime ECl. The amount of expected credit losses (or reversal) that is required to adjust
the loss allowance at the reporting date to the amount that is required to be recognized is
recognized as an impairment gain or loss in profit or loss.

(ii) Financial liabilities

A. Initial recognition and measurement

All financial liabilities are recognized at fair value and in case of loans, net of directly
attributable cost. Fees of recurring nature are directly recognized in the Statement of
Profit and Loss as finance cost.

B. Subsequent measurement

(i) 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. The amounts are unsecured and are
usually paid within 30 days of recognition. Trade and other payables are presented as
current liabilities unless payment is not due within 12months after the reporting
period. They are recognised initially at their fair value and subsequently measured at
amortised cost using the effective interest method.

(ii) Loans and borrowings:

After initial recognition, interest-bearing loans and borrowings are subsequently
measured at amortised cost using the EIR method. Gains and losses are recognised in
profit or loss when the liabilities are derecognised as well as through the Effective
Interest Rate(EIR) amortisation process. The EIR amortisation is included as finance
costs in the statement of profit and loss. This category generally applies to borrowings.

2.16 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 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
enforceable in the normal course of business and in the event of default, insolvency or bankruptcy
of the Company or the counterparty.

a - Rights, preferences and restrictions attaching to each class of shares

1 - The Company has only one class of equity shareholders. Each holder of equity shares is entitled to

one vote per share.

2 - In the event of liquidation of the Company, the holders of equity shares will be entitled to receive

any of the 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 shareholders.

Note 14.3 Going concern

The Company has negative net worth of Rs.8679.65 lakhs as on 31st March 2025.The Company has
obligations borrowings aggregating to Rs. 6564.64 lakhs that have been demanded/recalled by the
financial creditors and further obligations pertaining to operations including unpaid creditors and
statutory dues as at March 31, 2025.These indicate the existence of a material uncertainty that may
cast significant doubt on the Company's ability to continue as going concern. The Company has
initiated the Corporate Insolvency Resolution Process as stated in Note 1. Since Corporate Insolvency
Resolution Process (CIRP) is currently in progress, as per the Code, it is required that the Company be
managed as a going concern during CIRP.As such the financial statements continued to be prepared
on a going concern basis.

AS PER OUR REPORT OF EVEN DATE FOR AND ON BEHALF OF THE BOARD

FOR A. K. KOCCHAR & ASSOCIATES

CHARTERED ACCOUNTANTS
FRN : 120410W

Hitesh Kumar Prakash D Naringrekar CHETAN KOTHARI

Partner Resolution Professional CFO & DIRECTOR

Membership No. 134763 Reg No: IBBI/IPA-002/IP- DIN:00050869

UDIN : 25134763BMHLMR8777 N00270/2017-18/10783

KAJAL SOLANKI

Place: Mumbai COMPANY SECRETARY

Date : 27-05-2025 ACS 56846