h) Provisions (other than for employee benefits)

Provisions are recognised when the Company has a present
obligation (legal or constructive) as a result of a past event, it is
probable that an outflow of resources embodying economic
benefits will be required to settle the obligation and a reliable
estimate can be made of the amount of the obligation.

If the effect of the time value of money is material, provisions are
discounted using a current pre-tax rate that reflects, when
appropriate, the risks specific to the liability. When discounting is
used, the increase in the provision due to the passage of time is
recognised as a finance cost.

i) Revenue Recognition

Revenue is recognised to the extent it is probable that the
economic benefits will flow to the company and the revenue can be
reliably measured, regardless of when the payment is being made.
Revenue towards satisfaction of a performance obligation is
measured at the amount of transaction price (net of variable
consideration) allocated to that performance obligation. The
transaction price of goods sold and services rendered is net of
variable consideration on account of various discounts and
schemes offered by the company as part of contract.

Revenue from the sale of goods is recognised when the goods have
been delivered and title have been passed. No revenue is
recognised if there are significant uncertainties regarding recovery
of the amount due, associated costs or the possible return of goods
from date of initial application.

j) Leases

The company recognises a right-of-use asset and a lease liability at
the lease commencement date. The right-of-use asset is initially
measured at cost, which comprises the initial amount of the lease
liability adjusted for any lease payments made at or before the
commencement date, plus any initial direct costs incurred and an
estimate of costs to dismantle and remove the underlying asset or
to restore the underlying asset or the site on which it is located, less
any lease incentives received.

The right-of-use asset is subsequently depreciated using the
straight-line method from the commencement date to the earlier
of the end of the useful life of the right-of-use asset or the end of
the lease term. The estimated useful lives of right-of-use assets are
determined on the same basis as those of property and
equipment. In addition, the right-of-use asset is periodically
reduced by impairment losses, if any, and adjusted for certain re¬
measurements of the lease liability.

The lease liability is initially measured at the present value of the lease
payments that are not paid at commencement date, discounted using
the interest rate implicit in the lease or, if that rate cannot be readily
determined, company's incremental borrowing rate.

Generally, the company uses its incremental borrowing rate as the
discount rate.

Lease payments included in the measurement of the lease liability
comprise the following:

• Fixed payments, including in-substance fixed payments;

• Variable lease payments that depend on an index or a rate,
initially measured using the index or rate as at the
commencement date;

• Amounts expected to be payable under a residual value
guarantee; and

• The exercise price under a purchase option that the company is
reasonably certain to exercise, lease payments in an optional
renewal period if the company is reasonably certain to exercise
an extension option, and penalties for early termination of a
lease unless the company is reasonably certain not to
terminate early.

k) Recognition of dividend income, interest income or expense

Dividend income is recognised in profit or loss on the date on which
the Company's right to receive payment is established. Interest
income or expense is recognised using the effective interest method.

l) Income tax

Income tax expense comprises of current and deferred tax. Current
tax and deferred tax is recognized in the statement of profit or loss
except to the extent that it relates to a business combination, or
items recognized directly in equity or in OCI.

i. Current Tax

Current tax assets and liabilities are measured at the amount
expected to be recovered from or paid to the taxation authorities,
based on tax rates and laws that are enacted or substantively
enacted at the Balance sheet date.

ii. Deferred Tax

Deferred tax is recognised on temporary differences between the
carrying amounts of assets and liabilities in the financial
statements and the corresponding tax bases used in the
computation of taxable profit.

Deferred tax liabilities and assets are measured at the tax rates that
are expected to apply in the period in which the liability is settled or
the asset realised, based on tax rates (and tax laws) that have been
enacted or substantively enacted by the end of the reporting
period. The carrying amount of Deferred tax liabilities and assets
are reviewed at the end of each reporting period.

m) Borrowing costs

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.
Where there is an unrealised exchange loss which is treated as an
adjustment to interest and subsequently there is a realised or
unrealised gain in respect of the settlement or translation of the same
borrowing, the gain to the extent of the loss previously recognised as
an adjustment is recognised as an adjustment to interest.

n) Foreign currencies transactions

Transactions in foreign currencies are recorded at the exchange rate
prevailing on the date of transaction. Monetary assets and liabilities
denominated in foreign currencies are translated at the Exchange
differences arising on settlement or translation of monetary items are
recognised in Statement of Profit and Loss.

o) Government Grant

Grants from the government are recognised at their fair value where
there is a reasonable assurance that the grant will be received and the
Company will comply with all attached conditions.

Government grants relating to income are deferred and recognised
in the Statement of Profit and Loss over the period necessary to
match them with the costs that they are intended to compensate
and presented within other income.

Government grants relating to the purchase of property, plant and
equipment are included in noncurrent liabilities as deferred
income and are credited to Statement of Profit and Loss on a
straight-line basis over the expected lives of the related assets and
presented within other income.

p) Earnings per Share

Basic earnings per share 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 period.

For the purpose of calculating diluted earnings per share, the net
profit or loss for the period attributable to equity shareholders and
the weighted average number of shares outstanding during the
period are adjusted for the effects of all dilutive potential equity
shares.

q) Recent Pronouncement

Standard notifed but not yet effective:

The Ministry of Corporate Affairs (MCA) has notified Companies
(Indian Accounting Standards) Rules, 2024 to amend the following
Ind AS which are effective for annual periods beginning on or after
April 1, 2025.

i. Amendments to Ind AS 21 - Lack of exchangeability

The Ministry of Corporate Affairs (MCA) notified the
Companies (Indian Accounting Standards) Amendment Rules,
2025, which amend Ind AS 21, The Effects of Changes in
Foreign Exchange Rates to specify how an entity should assess
whether a currency is exchangeable and how it should

determine a spot exchange rate when exchangeability is
lacking. The amendments also require disclosure of
information that enables users of its financial statements to
understand how the currency not being exchangeable into the
other currency affects, or is expected to affect, the entity's
financial performance, financial position and cash flows.

The amendments are effective for annual reporting periods
beginning on or after 1 April 2025. When applying the
amendments, an entity cannot restate comparative information
ii. Amendments to Ind AS 1 - Classification of Liabilities as Current
or Non-current and Non-current Liabilities with Covenants
In August 2025, the MCA notified amendments to paragraphs
69 to 76 of Ind AS 1 to specify the requirements for classifying
liabilities as current or non-current. The amendments clarify:

• What is meant by a right to defer settlement

• That a right to defer must exist at the end of the reporting
period

• That classification is unaffected by the likelihood that an
entity will exercise its deferral right

• That only if an embedded derivative in a convertible
liability is itself an equity instrument would the terms of a
liability not impact its classification

In addition, a requirement has been introduced to require
disclosure when a liability arising from a loan agreement is
classified as non-current and the entity's right to defer
settlement is contingent on compliance with future covenants
within twelve months.

If there is a breach of a material covenant of a long term loan
arrangement on or before the end of the reporting period,
resulting in the liability becoming payable on demand as at the
reporting date, and the lender agrees—after the reporting
period but before the financial statements are approved for
issue—not to demand repayment for at least 12 months as a
consequence of the breach, this shall be treated as an
adjusting event. Accordingly, the entity is not required to
classify the liability as current.

The amendments are effective for annual reporting periods
beginning on or after 1 April 2025 retrospectively in
accordance with Ind AS 8.

iii. Amendments to Ind AS 7 and Ind AS 107 - Supplier Finance
Arrangements

In August 2025, the MCA notified amendments to Ind AS 7
Statement of Cash Flows and Ind AS 107 Financial Instruments:
Disclosures to clarify the characteristics of supplier finance
arrangements and require additional disclosure of such
arrangements. The disclosure requirements in the amendments
are intended to assist users of financial statements in
understanding the effects of supplier finance arrangements on an
entity's liabilities, cash flows and exposure to liquidity risk.

iv. International Tax Reform-Pillar Two Model Rules - Amendments
to Ind AS 12

In August 2025, the MCA notified amendments to Ind AS 12 Income
Taxes in response to the OECD's BEPS Pillar Two rules and include:

• A mandatory temporary exception to the recognition and
disclosure of deferred taxes arising from the jurisdictional
implementation of the Pillar Two model rules; and

• Disclosure requirements for affected entities to help users of
the financial statements better understand an entity's
exposure to Pillar Two income taxes arising from that
legislation, particularly before its effective date.

The mandatory temporary exception - the use of which is required
to be disclosed - applies immediately. The remaining disclosure
requirements apply for annual reporting periods beginning on or
after 1 April 2025, but not for any interim periods ending on or
before 31 March 2026.

The above amendments do not have any impact on the Company's
standalone financial statements.

36 No proceeding has been initiated or pending against the company for holding any benami property under the Benami Transactions (Prohibition) Act, 1988
(45 of 1988) and rules made thereunder.

37 The Company have not been declared wilful defaulter by any bank or financial Institution or other lender.

38 Management of the Company does not have any knowledge of transactions with any companies struck off u/s 248 of Companies Act, 2013.

39 The company has not made any investments in equity shares of the any Company hence question of umber of layers prescribed under clause (87) of section 2 of the
Act read with the Companies (Restriction on number of Layers) Rules, 2017 deoes not arise.

40 Quarterly returns and statements of current assets filed by the Company with banks are in agreement with the books of accounts.

41 Utilisation of Borrowed funds and share premium

A The Company has neither advanced or nor loaned or invested funds (either borrowed funds or share premium or any other sources or kind of funds) to any other person(s) or
entity(ies), including foreign entities (Intermediaries) with the understanding (whether recorded in writing or otherwise) that the Intermediary shall

i) 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

ii) provide any guarantee, security or the like to or on behalf of the Ultimate Beneficiaries;

B The Company has not received any fund from any person(s) or entity(ies), including foreign entities (Funding Party) with the understanding (whether recorded in writing or
otherwise) that the Company

i) directly or indirectly lend or invest in other persons or entities identified in any manner whatsoever by or on behalf of the Funding Party (Ultimate Beneficiaries) or

ii) provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries

42 Segment information

The Company was engaged is the business of "manufacturing of PP woven sacks/ Fabric/ Liner and its related raw material". Operating segments are reported in a manner consistent
with the internal reporting provided to the chief operating decision-maker. During the year under review, company has started new segment of operation being "Trading of PP woven
sacks/ Fabric/ Liner and its related raw material" i.e. the same goods being manufactured by the company. The reporting on segment as required in accordance with IND AS - 108
"Operating Segment" are provided hereunder:

Contribution to Gratuity

The Company's gratuity benefit scheme for its employees in India is a defined benefit plan (unfunded).

The Company provides for gratuity from employees in India as per the Payment of Gratuity Act, 1972. Employees who are in continuous service for a period of 5 years are eligible for
gratuity. The amount of gratuity payable on retirement/ termination is the employees last drawn basic salary per month computed proportionately for 15 days salary multiplied for the
number of years of completed service.

The present value of obligation is determined based on the actuarial valuation using the Projected Unit Credit Method as on 31st March, 2026 which recognizes each period of service
as giving rise to additional unit of employee benefit entitlement and measures each unit separately to build up the final obligation. The Company's gratuity expense is recognized
under the head - “Employee Benefit Expense"

These defined benefit plans expose Company to actuarial risks, such as interest rate risk, liquidity risk, salary escalation risk and regulatory risk.

Inherent risk

The plan is defined benefit in nature which is sponsored by the Company and hence it underwrites all the risk pertaining to the plan. In particular, this exposes the Company, to
actuarial risk such as adverse salary growth, change in demographic experience, inadequate return on underlying plan assets. This may result in an increase in cost of providing these
benefits to employees in future. Since the benefits are lump sum in nature, the plan is not subject to longevity risk.

46 Financial instruments and related disclosures

46.1 Fair value measurement

The fair values of the financial assets and liabilities are included at the amount at which the instrument could be exchange in a current transaction between willing parties,
other than in forced or liquidation sale. The management assessed that trade receivables, cash and cash equivalent, other bank balances, trade payable and other financial
assets and liabilities approximate their carrying amounts largely due to the short term maturities of there instruments.

46.2 Financial instruments by category

The following table shows fair values of financial assets and liabilities, including their levels in financial hierarchy, together with the carrying amounts shown in the statement of
financial position. The table does not include fair value information for financial assets and financial liabilities not measured at fair value if the carrying aamount is a reasonable
approximation of fair value.

46.3 Financial risk management

Risk management framework

The Company's principal financial liabilities comprises of borrowings, trade and other payables. The main purpose of these financial liabilities is to finance the Company
operations. The Company's principal financial assets include loans, trade and other receivables and cash and cash equivalents that derive directly from its operations.

The Company's activities expose it to a variety of financial risks, including market risk, credit risk and liquidity risk. The Company's primary risk management focus is to
minimise potential adverse effects of market risk on its financial performance. The Company's exposure to credit risk is influenced mainly by the individual characteristic
of each customer and the concentration of risk from the top few customers. The Company's risk management assessment and policies and processes are established to
identify and analyse the risks faced by the Company, to set appropriate risk limits and controls, and to monitor such risks and compliance with the same. Risk assessment
and management policies and processes are reviewed regularly to reflect changes in market conditions and the Company's activities.

This note presents information about the Company's exposure to each of the above risks, the Company's objectives, policies and processes for measuring and managing risk.
The Company has exposure to the following risks arising from financial instruments:

(i) Credit risk, (ii) Liquidity risk, (iii) Market risk
(i) Credit risk

Credit risk is the risk of financial loss of the Company if a customer or counterparty to a financial instrument fails to meet its contractual obligations, and arises
principally form the Company receivables from customers . Credit arises when a customer or counterparty does not meet its obligations under a financial
instrument or customer contract, leading to a financial loss. The Company is exposed to credit risk from its operating activities (primarily trade receivables) and
from its financing/investing activities, including deposits with bank. The Company has no significant concentration of credit risk with any counterparty. The carrying
amount of financial assets represent the maximum credit risk exposure.

Trade receivable

Management has established a credit policy under which each new customer is analysed individually for creditworthiness before Company's standard payment
and delivery terms and conditions are offered. Company's review includes external ratings, (if available, financial statements, credit agency information, industry
information and in some cases bank references.

Exposure to credit risks

The Company's exposure to credit risk is influenced mainly by the individual characteristics of each customer. However management also considers the factors that
may influence the credit risk of its customer base, including the default risk associated with the industry. Details of concentration percentage of revenue generated
from top customer and top five customers are stated below :

Trade receivables are primarily unsecured and are derived from revenue earned from sale of product of company. Credit risk is managed through credit approvals, establishing
credit limits and by continuously monitoring the creditworthiness of customers to which the Company grants credit terms in the normal course of business.

As per simplified approach, the Company makes provision of expected credit losses on trade receivables using a provision matrix to mitigate the risk of default payments and
makes appropriate provision at each reporting date wherever outstanding is for longer period and involves higher risk.
ii) Liquidity risk

Liquidity risk is defined as the risk that the Company will not be able to settle or meet its obligations on time or at reasonable price. Prudent liquidity risk management implies
maintaining sufficient cash and marketable securities and the availability of funding through an adequate amount of credit facilities to meet obligations when due. The
Company's finance team is responsible for liquidity, funding as well as settlement management. In addition, Processes and policies related to such risks are overseen by
senior management. Management monitors the Company's liquidity position through rolling forecasts on the basis of expected cash flows.

The Company's approach to managing liquidity is to ensure, as far as possible, that it will have sufficient liquidity to meet its liabilities when they are due, under both normal
and stressed conditions, without incurring unacceptable losses or risking damage to the Company's reputation.

Exposure to liquidity risk

The table below provides details regarding the remaining contractual maturities of financial liabilities at the reporting date based on contractual undiscounted payments

(c) Currency risk

Foreign currency risk is the risk of impact related to fair value or future cash flows of an exposure in foreign currency, which fluctuate due to changes in foreign exchange
rates. The Company's exposure to the risk of changes in foreign exchange rates relates primarily to import of raw materials and spare parts and exports. (Refer Note 35 for
Foreign Currency Exposure).

The management has decided to open foreign currency accounts in bank, where the proceeds of exports in foreign currency are maintained. To mitigate the risk of foreign
currency fluctuation, payment of imports are made from these accounts. The conversion of foreign currency in Indian Rupees is done after review of currency conversion
rate on date, historic rate of last few days and trends of currency conversion rates.

47 Capital management

The Company's management objective are :

- to ensure the Company's ability to continue as a going concern

- to provide an adequate return to shareholders by pricing products commensurately with the level of risk.

The Company monitors capital on the basis of carrying amount of equity including retained earnings as presented on the face of Balance Sheet.

The Company manages the capital structure and makes adjustments to it in the light of changes in economic conditions and the risk characteristics of the underlying assets.
There is no change in the overall capital risk management strategy as compared to the last year.