b. Terms/rights attached to equity shares:

The Company has only one class of equity shares having a par value of Rs. 10 per share. Each holder of equity share is entitled to one vote per share. The Company declares and pays dividends in Indian Rupees. The dividend proposed by the Board of Directors, if any, is subject to the approval of the shareholders in the ensuing Annual General Meeting, except interim dividend, if any.

In the event of liquidation of the Company, the holders of 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 shareholders.

c. Shares held by holding company

22,84,800 (31 March 2024: 21,00,000 ) equity shares of Rs.10 each held by RBP Holding Private Limited, the erstwhile Holding Company till 26 Dec 2024

e. Bonus shares/ buy back/shares for consideration other than cash issued during past five years:

The Company has neither issued any bonus shares, shares issued for consideration other than cash nor has there been any buy back of shares during past 5 years.

Note 15.1 Details of dues to Micro and Small enterprises as defined under the Micro Small and Medium Enterprises Development Act (MSMED) Act, 2006

Considering the Company has been extended credit period upto 45 days by its vendors and payments being released on a timely basis, there is no liability towards interest on delayed payments under ‘The Micro, Small and Medium Enterprises Development Act 2006’ during the year. There is also no amount of outstanding interest in this regard, brought forward from previous years. Information in this regard is on basis of intimation received, on requests made by the Company, with regards to registration of vendors under the said Act.

"The fair value of the financial assets are included at amounts at which the instruments could be exchanged in a current transaction between willing parties other than in a forced or liquidation sale.

The following methods and assumptions were used to estimate the fair value:

Fair value of cash, short term receivables, trade payables, other current financial liabilities, approximate their carrying amounts largely due to the short-term maturities of these instruments"

B Fair value hierarchy

All financial instruments for which fair value is recognised or disclosed are categorised within the fair value hierarchy described as follows, based on the lowest level input that is significant to the fair value measurement as a whole.

Level 1 - Quoted prices (unadjusted) in active markets for identical assets or liabilities

Level 2 - Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly (i.e. as prices) or indirectly (i.e. derived from prices)

Level 3 - Inputs for the assets or liabilities that are not based on observable market data (unobservable inputs)

The Company's principal financial liabilities consists of trade payables and working capital loan and principal financial assets consists of trade receivable, inventories and cash and cash equivalents and Bank balance other than cash and cash equivalents. In the ordinary course of the business, the Company is mainly exposed to risks resulting from credit risk, liquidity risk & market risk

I Credit risk

Credit risk refers to the risk that a counterparty will default on its contractual obligations resulting in a loss to the company. The Company has adopted the policy of only dealing with credit worthy counter parties as a means of mitigating the risk of financial losses from default. The carrying amount of financial assets recorded in the financial statements represent the Company's maximum exposure to credit risk. Cash and cash equivalents are held with creditworthy financial institutions.

ii Liquidity risk

Liquidity risk is the risk that the Company may not be able to meet its present and future cash obligations without incurring unacceptable losses. The Company's objective is to, at all times maintain optimum levels of liquidity to meet its cash requirements. The Company closely monitors its liquidity position and deploys a robust cash management system. It maintains adequate sources of financing including debt from lenders at an optimised cost.

ii Market Risk

a. Commodity Risk

Commodity risk is the risk of change in market price of commodities dealt by the company. The Company's exposure to commodity risk mainly comprises of revenue generating and operating activities. Raw material and finished good prices vary depending upon its availability and demand. Company generally processes raw material in a day or two of its purchase. Prices for finished goods are quoted base on raw material prices.

Note 30 Contingent Liabilities and Commitments ( to the extent not provided for)

Contingent Liabilities

C.Y Nil

Capital Commitments

C.Y. Nil( P.Y. Nil)

Note 31 Right Issue of Shares

"During the year ended 31st March 2025, the Company completed a Rights Issue of equity shares to existing shareholders in accordance with the provisions of the Companies Act, 2013 and SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018.

Summary of significant accounting policies and other explanatory information for the year ended 31 March 2025

Pursuant to the Rights Issue, the Company allotted 25,60,000 equity shares of face value Rs 10/- each at an issue price of Rs 117/- per share (including a premium of Rs107/- per share), aggregating to Rs 29,95,20,000/- on 27th December 2024. The proceeds from the Rights Issue have been utilized in below manner: -"

"The equity shares issued rank pari-passu with the existing equity shares in all respects, including dividend and voting rights. The Expenses directly attributable to the issue, has been debited to Other Equity in accordance with Ind As 32."

Note 32 Purchase of Business from Amar Polyfills Pvt Ltd

“During the year ended 31st March 2025, the Company acquired the Fish Meal Division from Amar Polyfills Pvt Ltd on a going concern basis through a slump sale. The transaction qualifies as a business combination under Ind AS 103 and has been accounted for using the acquisition method.

The acquisition was completed on 01st February 2025, being the date the Company obtained control over the business. The total purchase consideration amounted to Rs 15,50,00,000/-, settled in cash.

The identifiable assets acquired and liabilities assumed has to be recognised at their acquisition-date fair values as per IndAs 103 - Business Combination. However, the compnay has recognied the assets with provisional amounts and will value at fair value within the measurement period as per IndAs 103.The difference between the purchase consideration and the provisionally recognised value of net identifiable assets has been recognised as Goodwill amounting to Rs 1,123 thousand. Any further difference on account of Fair Value of assets will be adjusted in the Goodwill.

The major classes of assets and liabilities acquired include:

Property, Plant and Equipment: Rs 88,657 thousand

Inventories: Rs 3,008 thousand

Trade Receivables: Rs 92,057 thousand

Other Current Assets: Rs 40,624 thousand

Trade Payables: Rs 66,240 thousand

Other Liabilities: Rs 4,232 thousand

Note 33 Temporary Closure of Veraval Plant

During the 3rd & 4th quarter, Veraval Plant was under upgradation for some critical polution control equipments. Due to which there was significant production loss. The plant resumed its operations from March 2025. Resultingly, there is drastic reduction in revenue and overall performance of the company during FY 2024-25.

This is a summary of significant accounting policies and other explanatory information referred to in our report of even date