2.11 PROVISIONS. CONTINGENT LIABILITIES AND CONTINGENT ASSETS

Provisions are recognized in the accounts, when there is u present obligation as a result of past exent(s)
and when a reliable estimate of the amount of obligation can be made at the reporting date. These
estimates are reviewed at each reporting date and adjusted to reflect the current best estimate Provisions
arc discounted to their present values, where the time value of money is material.

Contingent liabilities are disclosed unless the possibility of outflow of resources* is remote. Contingent
Assets are neither recognized nor disclosed in the financial statements.

r (2^

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112 DIVIDEND TO EQUITY HOLDER OFTIIE COMPANY

Ihc Company recognizes n liability to make dividend distributions to equity holders of the Company
when the distribution is authorized and the distribution is no longer at the discretion of Ihc Company . As
per the corporate ows in India a distribution is authorized when it is approved by the shareholders
however. Hoard of Directors of a Company has not dcclarcd/approvcd any dividend during the period
tinder consideration.

113 E\RNINC»/(LOSS) PER SHARE

Basic can ings/(l.oss) per share are calculated by dividing the net profit/ (Loss) for the year attributable to
equity shareholders by the weighted average number of equity shares outstanding during the year I he
weighted average number of equity shares outstanding during the year arc adjusted for events of bonus
issue to existing shareholders, share split; and reverse share split (consolidation of shares), f any.

hor the purpose of calculating diluted camings/(loss) per share, the net prolt (loss) for the year
Attributable to equity shareholders and the weighted average number of shares outstandng during the
year arc adjusted for the effects of all diluted potential equity shares.

27. Share Capital

i.) Authorised Shat Capita: The Authorised Share Capital of the Company as on March 11.2025 is
Rs. 4,00.00.000/- Ji\ ided iiito 40.00.000 Equity Shares of Rs. I(V-each.

ii) The company is a public limited company and is listed on SME Platform of National Stock
Exchange of Indii Ltd. (NSF. EMERGE).

28. I radi Payabks:

(i) Based on the intimation received from supplicr(.s) regarding their status under the Micro. Small and
Medium Enterprises Development Act, 2006, the required disclosure is given below *:

37. The company has been sanctioned working capital limits in excess of fnc
crorcs in aggregate Irom banks and/or financial institutions on the basis of security
of current assets and the quarterly returns and monthly statements filed by the
company with such banks 01 financial institutions ate in agreement with the bools
of account of the company.

38. Information based on Annual Tax Statement in form 2t»AS; AIS and IIS have
been taken into hooks of accounts.

39. Deferred tax has been provided in accordance with Accounting Standard 22 on
Accounting for taxes on Income issued by the ICAI.

40. Previous year's figures have been re-arranged and/ cr re-grouped wherever
considered necessary and practicable to make them comparable with current year's
figures.

Signatures to Notes * I' to 40':

Auditor's Report For and on behalf of the Board of Directors *f

As per our report of even Quality Foils (India) Limited

date attached.

FOR KANSAL JAIN & -TEJASVI 3HARGAVA KULDIP BHARGAVY
ASSOCIATES [Managing Director) (Chairman & Director)

Chartered Accountants (DIN: 00011205) (DIN: 30011103)

(Firm's registratior no. 023083N )

(CA AKHII.JAl^l Sf?/ Ms. AMELIA NELSON BIRDHI CMAND JAIN

Partner ^ ^M '*/£/ (Company Secretary) ^Chief Financial Officer)

<M.NO.:5I7602) X*

(JOIN: 255 I 7602BNUKXOI95I

Flace: Hisar
Dated: May 15. 2025