12. Provisions, Contingent Liabilities and Contingent Assets

A provision is recognized if, as a result of a past event, the Company has a present
legal or constructive obligation that can be estimated reliably, and it is probable
that an out flow of economic benefits will be required to settle the obligation. If the
effect of the time value of money is material, provisions are determined by
discounting the expected future cash flows at a pre-tax rate that reflects current
market assessments of the time value of money and the risks specific to the liability.
When discounting is used, the increase in the provision due to the passage of time
is recognized as a finance cost.

The amount recognized as a provision is the best estimate of the consideration
required to settle the present obligation at reporting date, taking into account the
risks and uncertainties surrounding the obligation.

When some or all of the economic benefits required to settle a provision are
expected to be recovered from a third party, the receivable is recognized as an
asset

if it is virtually certain that reimbursement will be received and the amount of the
receivable can be measured reliably. The expense relating to a provision is
presented in the statement of profit and loss net of any reimbursement.

Contingent Liabilities are possible obligations that arise from past events and whose
existence will only be confirmed by the occurrence or non-occurrence of one or
more future events not wholly within the control of the Company. Where it is not
probable that an outflow of economic benefits will be required, or the amount
cannot be estimated reliably, the obligation is disclosed as a Contingent Liability,
unless the probability of outflow of economic benefits is remote. Contingent
Liabilities are disclosed on the basis of judgment of the management/independent
experts. These are reviewed at each balance sheet date and are adjusted to reflect
the current management estimate.

Contingent Assets are possible assets that arise from past events and whose
existence will be confirmed only by the occurrence or non-occurrence of one or
more uncertain future events not wholly within the control of the Company.
Contingent Assets are disclosed in the financial statements when inflow of
economic benefits is probable on the basis of judgment of management. These are
assessed continually to ensure that developments are appropriately reflected in the
financial statements.

13. Impairment of Non-Financial Assets

As at the end of each accounting year, the Company reviews the carrying amounts
of its Property, Plant and Equipment (PPE) and intangible assets to determine
whether there is any indication that those assets have suffered an impairment loss.
If such indication exists, the said assets are tested for impairment so as to
determine the impairment loss, if any. The intangible assets with indefinite life are
tested for impairment each year. Impairment loss is recognized when the carrying
amount of an asset exceeds its recoverable amount.

Recoverable amount is determined:

a) In the case of an individual asset, at the higher of the net selling price and the
value in use; and

b) In the case of a cash generating unit (a group of assets that generates identified,
independent cash flows), at the higher of the cash generating unit's net selling price
and the value in use.

The amount of value in use is determined as the present value of estimated future
cash flows from the continuing use of an asset and from its disposal at the end of its
useful life.

For this purpose, a cash generating unit is ascertained as the smallest identifiable
group of assets that generates cash inflows that are largely independent of the cash
inflows from other assets or groups of assets.

When an impairment loss subsequently reverses, the carrying amount of the asset
(or cash generating unit) is increased to the revised estimate of its recoverable
amount, but so that the increased carrying amount does not exceed the carrying
amount that would have been determined had no impairment loss is recognized for
the asset (or cash generating unit) in prior years. A reversal of an impairment loss is
recognized immediately in the Statement of Profit and Loss.

14. Revenue Recognition

The Company derives revenues primarily from business of Dyes and Chemicals.
Revenue is recognized upon transfer of control of promised products or services to
customers in an amount that reflects the consideration we expect to receive in
exchange for those products or services. Revenue from contracts with customer is
recognized when the Company satisfies a performance obligation by transferring
the promised goods or services to a customer at a transaction price. The transaction
price is the amount of consideration to which the company expects to be entitled in
exchange for transferring promised goods or services to a customer as per contract,
excluding amount of taxes collected on behalf of the government. The transaction
price is adjusted of trade discount, cash discount, volume rebate and other variable
considerations as per the terms of contract.

Revenues in excess of invoicing are classified as contract assets (which may also
refer as unbilled revenue) while invoicing in excess of revenues are classified as
contract liabilities (which may also refer to as unearned revenues). The Company
presents revenues net of indirect taxes in its Statement of Profit and loss.

I. Sale of Goods

Revenue from the sale of goods is recognized upon transfer of control of the goods
have passed to the buyer, which generally coincides with dispatch. Revenue from
export sales are recognized on shipment basis. Revenue from the sale of goods is
measured at an amount that reflects the consideration we expect to receive in
exchange for those products (i.e. the transaction price). The Company presents
revenues net of indirect taxes, returns and allowances, trade discounts and volume
rebates in its Statement of Profit and Loss.

II. Other Export Benefits

Export benefits are accounted for in the year of export at net market realizable
value.

III. Other Revenue

Revenue from transactions or events that do not arise from a contract with a customer
not in the scope of Ind AS 115 are continue to be recognized in accordance with
the other standards. Such Income includes Interest and Dividend income which are
dealt with in Ind AS 109.

15. Employee Benefits

I. Short Term Benefits

Short-term employee benefit obligations are measured on an undiscounted basis
and are booked as an expense as the related service is provided.

A liability is recognized for the amount expected to be paid under performance
related pay if the Company has a present legal or constructive obligation to pay this
amount as a result of past service provided by the employee and the obligation can
be estimated reliably.

II. Post Employment and Long Term Benefits

Employee Benefit that are payable after the completion of employment are Post¬
Employment Benefit (other than termination benefit). These are of two types:

i. Defined Contribution Plans

Defined contribution Plans are those plans in which an entity pays fixed
contribution into separate entities and will have no legal or constructive obligation
to pay further amounts. Provident Fund and Family Pension Funds are Defined
Contribution Plans in which company pays a fixed contribution and will have no
further obligation.

ii. Defined Benefit Plans

A defined benefit plan is a postemployment benefit plan other than a defined
contribution plan. Company pays Gratuity as per provisions of the Gratuity Act,
1972. The Company's net obligation in respect of defined benefit plans is calculated
separately for each plan by estimating the amount of future benefit that employees
have earned in return for their service in the current and prior periods; that benefit
is discounted to determine its present value. Any unrecognized past service costs
and the fair value of any plan assets are deducted. The discount rate is based on the
prevailing market yields of Indian government securities as at the reporting date
that have maturity dates approximating the terms of the Company's obligations and
that are denominated in the same currency in which the benefits are expected to be
paid. The calculation is performed annually by a qualified actuary using the
projected unit credit method. When the calculation results in a liability to the
company, the present value of liability is recognized as provision for employee
benefit. Any actuarial gains or losses in respect of gratuity are recognized in OCI in
the period in which they arise.

16. Income Tax

Income Tax Expense comprises Current and Deferred Tax. Current Tax Expense is
recognized in Statement of Profit and Loss A/c except to the extent that it relates to
items recognized directly in other comprehensive income or equity, in which it is
recognized in OCI or Equity.

Current Tax is the expected tax payable on the taxable income for the year, using
tax rates enacted or substantively enacted and as applicable at the reporting date,
and any adjustment to tax payable in respect of previous years. Current Income
Taxes are recognized under 'Income Tax payable' net of payments on account, or
under 'Tax receivables' where there is a debit balance.

Deferred Tax is recognized using the Balance Sheet method, providing for
temporary differences between the carrying amounts of assets and liabilities for
financial reporting purposes and the amounts used for taxation purposes. Deferred
Tax is measured at the tax rates that are expected to be applied to temporary
differences when they reverse, based on the laws that have been enacted or
substantively enacted by the reporting date. Deferred Tax Assets and Liabilities are
offset if there is a legally enforceable right to offset current tax liabilities and assets,
and they relate to income taxes levied by the same tax authority on the same
taxable entity, or on different tax entities, but they intend to settle Current Tax
Liabilities and Assets on a net basis or their tax assets and liabilities will be realized
simultaneously.

A Deferred Tax Asset is recognized to the extent that it is probable that future
taxable profits will be available against which the temporary difference can be
utilized. Deferred tax assets are reviewed at each reporting date and are reduced to
the extent that it is no longer probable that the related tax benefit will be realized.
Minimum Alternate Tax credit is recognized as deferred tax asset only when and to
the extent there is convincing evidence that the Company will pay normal income
tax during the specified period. Such asset is reviewed at each Balance Sheet date
and the carrying amount of the MAT credit asset is written down to the extent
there is no longer a convincing evidence to the effect that the Company will pay
normal Income Tax during the specified period.

17. Earnings Per Share

Basic earnings per equity share are computed by dividing the net profit or loss
attributable to equity shareholders of the Company by the weighted average
number of equity shares outstanding during the financial year.

Diluted earnings per equity share is computed by dividing the net profit or loss
attributable to equity shareholders of the Company by the weighted average
number of equity shares considered for deriving basic earnings per equity share and
also the weighted average number of equity shares that could have been issued
upon conversion of all dilutive potential equity shares.

18. Dividends

Dividends and Interim dividends payable to a Company's shareholders are
recognized as changes in equity in the period in which they are approved by the
shareholders' meeting and the Board of Directors respectively.

19. Financial Instruments

A financial instrument is any contract that gives rise to a financial asset of one entity
and a financial liability or equity instrument of another entity.

i) Financial assets

The Company recognizes financial assets and financial liabilities when it becomes a
party to the contractual provisions of the instrument. All financial assets and
liabilities are recognized at fair value on initial recognition and adjusted for
transaction costs that are attributable to the acquisition or issues of financial assets
and financial liabilities in case of financial assets or financial liabilities not at fair
value through profit or loss account.

Where the fair value of financial assets and financial liabilities at initial recognition is
different from its transaction price, the difference between the fair value and
transaction price is recognized in the statement of profit and loss.

However, trade receivables that do not contain a significant financing component
are initially measured at transaction price.

Financial assets are subsequently classified as measured at:

• Amortized cost

• Fair value through profit and loss (FVTPL)

• Fair value through other comprehensive income (FVTOCI)

Financial assets measured at amortized cost

A financial asset is subsequently measured at amortized cost if both of the following
conditions are met:

• If 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.

This category applies to trade receivables, loans and other financial assets of the
Company measured using the Effective Interest Rate (EIR) method less impairment,
if any, and the amortization of EIR and loss arising from impairment, if any is
recognized in the statement of profit and loss.

Financial assets measured at fair value

A financial asset is measured at fair value through other comprehensive income if
both of the following conditions are met:

• If it is held within a business model whose objective is to hold these assets in
order to collect contractual cash flows and to sell these financial assets, and

• The contractual terms of the financial assets give rise on specified dates to

cash flows that are solely payments of principal and interest on the principal

amount outstanding.

Fair value movements are recognized in the other comprehensive income.

A financial asset not classified as either amortized cost or at fair value through other
comprehensive income is carried at fair value through the statement of profit and
loss.

De-recognition of Financial Assets

• A financial asset is de-recognized only when

• The contractual rights to cash flows from the financial asset expire;

• The Company has transferred the contractual rights to receive cash flows

from the financial asset or;

• Retains the contractual rights to receive the cash flows of the financial asset,
but assumes a contractual obligation to pay the cash flows to one or more
recipients

Where the entity has transferred an asset, the Company evaluates whether it has
transferred substantially all risks and rewards of ownership of the financial asset. In
such cases, the financial asset is de-recognized. Where the entity has not
transferred substantially all risks and rewards of ownership of the financial asset,
the financial asset is not de-recognized.

Where the entity has neither transferred a financial asset nor retained substantially
all risks and rewards of ownership of the financial asset, the financial asset is de¬
recognized if the Company has not retained control of the financial asset. Where
the Company retains control of the financial asset, the asset is continued to be
recognized to the extent of continuing involvement in the financial asset.

The Company assesses at each date of balance sheet whether a financial asset or a
group of financial assets is impaired. Ind AS 109 requires expected credit losses to
be measured through a loss allowance. In determining the allowances for doubtful
trade receivables, the Company has used a practical expedient by computing the
expected credit loss allowance for trade receivables based on a provision matrix.
The provision matrix takes into account historical credit loss experience and is
adjusted for forward looking information.

For all other financial assets, expected credit losses are measured at an amount
equal to the 12-months expected credit losses or at an amount equal to the life
time expected credit losses if the credit risk on the financial asset has increased
significantly since initial recognition.

ECL Impairment Loss allowance (or reversal) recognized during the period is
recognized as income/ expense in the Statement of Profit and Loss.

ii) Financial liabilities

Financial liabilities and equity instruments issued by the Company are classified
according to the substance of the contractual arrangements entered into and the
definitions of a financial liability and an equity instrument.

Financial liabilities are recognized when the Company becomes a party to the
contractual provisions of the instrument. Financial liabilities are initially measured
at the amortized cost unless at initial recognition, they are classified as fair value
through profit and loss.

Classification as debt or equity

Debt and equity instruments issued by a Company are classified as either financial
liabilities or as equity in accordance with the substance of the contractual
arrangements and the definitions of a financial liability and an equity instrument.

Equity Instrument

An equity instrument is any contract that evidences a residual interest in the assets
of the entity after deducting all of its liabilities. Equity instruments issued by the
Company are recognized at the proceeds received, net of direct issue costs.

Financial Liability

Trade and other payables are initially measured at fair value, net of transaction
costs and are subsequently measured at amortized cost using the effective interest
rate method. Financial liabilities carried at fair value through profit or losses are
measured at fair value with all changes in fair value recognized in the statement of
profit and loss. Interest bearing loans and overdrafts are initially measured at fair
value, and are subsequently measured at amortized cost using effective interest
rate method. Any difference between proceeds (net of transaction cost) and the
settlement amount of borrowing is recognized over the terms of the borrowings in
the statement of profit and loss.

A financial liability is de-recognized when the obligation specified in the contract is
discharged, cancelled or has expired.

iii) 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 recognized
amounts and there is an intention to settle on a net basis or realize the asset and
settle the liability simultaneously. The legally enforceable right must not be
contingent on future events and must be enforceable in the normal course of
business and in the event of default, insolvency or bankruptcy of the Company or
the counterparty.

20. CSR Expenditure

Amount spent on CSR activities during the year is charged to Statement of Profit & Loss,
if the same is of revenue nature. If the expenditure is of such nature, which may give rise
to a capital asset, the same is recognized in the Balance Sheet as "CSR Assets" under
respective head of Property, Plant & Equipment.

1. Ageing and other information has been depicted

2. Security

1) Working capital Loan from ICICI Bank ltd. is secured by Hypothecation of stock, Consisting of all types
of dyes,chemical & other

Current Assets of company and is guranteed by Mr. Rampal Inani and Mr. Dinesh Chandra Inani in their
personal capacity.

3. Terms of Repayment

Working Capital Loans and Loans From Corporates are repayable on Demand.

4 There were no rescheduling or defaults in the repayment of loan taken by the Company

Trade Payables include Principal amount Rs. 7299695/- (Previous Year 27,86,196/-) and Interest amount Rs. Nil (Previous Year
Rs. Nil) due to Micro, Small & Medium Enterprises as at 31st March 2026. The figures have been disclosed on the basis of
informations received from suppliers who have registered themselves under the Micro, Small and Medium Enterprises
Development Act, 2006 (MSMED Act, 2006) and/or based on the information available with the company. Further, no interest
during the year has been paid or payable under the provisions of the MSMED Act, 2006.

A. No Interest has been paid under section 16 of the Micro, Small and Medium Enterprises Development Act, 2006 (27 of 2006),
along with the amount of the payment made to the supplier beyond the appointed day during each accounting year.

B. No Interest due and payable for the period of delay in making payment (which has been paid but beyond the appointed day
during the year) but without adding the interest specified under the Micro, Small and Medium Enterprises Development Act,
2006

C. No Interest accrued and remaining unpaid at the end of each accountig year

D. No further interest remaining due and payable even in the succeeding years, until such date when the interest dues above are
actually paid to the small enterprise, for the purpose of disalowance of a deductable expenditure under section 23 of the Micro,
Small and Medium Enterprises Development Act, 2016

The Company’s principal financial liabilities comprise loans andborrowings,trade and otherpayables andlease liabilities. The mainpurpose ofthese financial liabilities is to
finance the Company’s operations and to provide guarantees to support its operations. The Company’s principal financial assets include cash and cash equivalents, trade and
other receivables, loans etc. that derive directly from its operations.

1. Financial Risk Management Framework

The Company's board of directors has overall responsibility for the establishment and oversight of the Company's risk management framework. The board of directors has
established the processes to ensure that executive management controls risk through the mechanism of property defined framework.

The Company’s risk management policies are established to identify and analyse the risks faced by the Company, to set appropriate risk limits and controls and to monitor
risks and adherence to limits. Risk management policies and systems are reviewed by the board annually to reflect changes in market conditions and the Company’s
activities. The Company, through its training and management standards and procedures, aims to maintain a disciplined and constructive control environment in which all
employees understand their roles and obligations.

The Company’s Audit Committee oversees compliance with the Company’s risk management policies and procedures, and reviews the adequacy of the risk management
framework in relation to the risks faced by the Company. The Audit Committee is assisted in its oversight role by Internal Audit. Internal Audit undertakes both regular and
ad hoc reviews of risk management controls and procedures, the results of which are reported to the Audit Committee.

Company is exposed to following risk from the use of its financial instrument:

-Credit Risk
-Liquidity Risk
-Market Risk

(a) Credit Risk

Financial assets are written off when there is no reasonable expectation of recovery, such as a debtor failingto engage in a repayment plan with the Company. The Company
categories a loan or receivable for write off when a debtor fails to make contractual payments greater than 2 years past due. Where loans or receivables have been written
off, the Company continues to engage in enforcement activity to attempt to recover the receivable due. Where recoveries are made, these are recognized in profit or loss.

Provision for Expected Credit or Loss

(a) Financial assets for which loss allowance is measured using 12 month expected credit losses:

The Company has assets where the counter-parties have sufficient capacity to meet the obligations and where the risk of default is very low. Accordingly, no loss allowance

(b) Financial assets for which loss allowance is measured using life time expected credit losses:

The Company provides loss allowance on trade receivables using life time expected credit loss and as per simplified approach.

Considering the Company's existing foothold/experience in the Dyes and Chemical sector, established & diversified client base, association with various agents, it's
competent sales team and an established marketing setup , it does not foresee any problem in marketing its production.

Market Risk is the risk ofloss of future earnings, fair values of future cash flows that may result from a change in the price of a financial instrument. The value of a financial
instrument may change as a result of changes in the interest rates, foreign currency exchanges rates, equity prices and other market changes that effect market risk
sensitive instruments. Market risk is attributable to all market risk sensitive financial instruments including investments and deposits, and other market changes.

The Company manages market risk through a finance department, which evaluates and exercises independent control over the entire process ofmarket risk management.
The finance department recommends risk management objectives and policies, which are approved by Senior Management and the Audit Committee. The activities of this
department include management of cash resources, implementing hedging strategies for foreign currency exposures, borrowing strategies, and ensuring compliance with
market risk limits and policies.

It is the riskwhere changes in market interest rates might adversely affect the company's financial condition. The short term/immediate impact of changes in interest rates
are on the Company's net interest income/expenses. On a longer term, change in interest rate impact the cash flows on the assets, liabilities and off-balance sheet items,
giving rise to a risk to the net worth of the Company arising out of all reprising mismatches and other interest rate sensitive positions.

Interest rate risk is the risk that the fair value or future cash flows of a financial instrument will fluctuate because of changes in market interest rate. In order to optimize the
Company's position with regards to interest income and interest expenses and to manage the interest rate risk, treasury performs a comprehensive corporate interest rate
risk management by balancing the proportion of fixed rate and floating rate financial instruments in its total portfolio.

At the reporting date the interest rate profile of the Company's interest-bearing financial instruments is as follows:

ii) Commodity Price Risk

Commodity price risk for the Company is mainly related to fluctuations of raw materials prices linked to various external factors, which can affect the production cost of the
Company. Company actively manages inventory and in many cases sale prices are linked to major raw material prices. To manage this risk, the Company enters into long
term supply agreement for Raw Material, identifying new sources etc. Additionally, processes and policies related to such risks are reviewed and managed by senior
management on continuous basis.

iii) Foreign Exchange Risk

It is the risk that the company may suffer losses as a result of adverse exchange rates movements during a period in which it has an open position in an individual foreign
currency. In addition, the company may also expose to the following risks on account of foreign exchange exposures as applicable.

Interest Rate Risk - Which arises from the maturity mismatches of foreign currency position

Settlement Risk - On account of risk of default of the counter parties.

32. Disclosure of Capital Management

For the purpose of the Company's capital management, capital includes issued equity capital and all other equity reserves attributable to the equity holders of the Company.
The primary objective of the Company's capital management is to ensure that it maintains an efficient capital structure and healthy capital ratios in order to support its
business and maximize shareholder value.

The Company manages its capital so as to safeguard its ability to continue as a going concern and to optimise returns to shareholders. The capital structure of the Company
is based on management's judgement of its strategic and day-to-day needs with a focus on total equity so as to maintain investor, creditors and market confidence. The
management and the Board of Directors monitors the return on capital as well as the level of dividends to shareholders. The Company may take appropriate steps in order
to maintain, or if necessary adjust, its capital structure.

The Company monitors capital using a gearing ratio, which is calculated by dividing Net Debt from the Equity. The Company includes within Net Debt, interest bearing
loans and borrowings less cash and short-term deposits (including other bankbalance) and under Equity, the Equity Share Capital plus other Equity (excluding Preference
Share Capital) is considered.

The company has adopted Ind AS 115 "Revenue from Contracts with Customers" which is mandatory for reporting periods begining on or after 01st April 2018. The Company has adopted the cumulative
catch-up transition method, applied to contracts thatwere not completed as ofApril 1, 2018. In accordance with this method,the comparatives have not been retrospectively adjusted. Application of Ind AS
115 does not have any material impact on the financial results of the company.

Disaggregate revenue information

The table below presents disaggregated revenues from contracts with customers for the year ended March 31, 2026 by contract-type. The Company believes that this disaggregation best depicts how the
nature, amount, timing and uncertainty of our revenues and cash flows are affected by industry, market and other economic factors.

Trade receivables and Contract Balances

The Company classifies the rightto consideration in exchange for deliverables eitheras a receivable oras unbilled revenue. A receivable is a rightto consideration that is unconditional upon passage of time.
Revenues in excess of billings is recorded as unbilled revenue and is classified as a financial asset for these cases as right to consideration is unconditional upon passage of time. This would result in the
timing of revenue recognition being different from the timing of billing the customers.

Company classifies amount received as advance from customers against sales as contract liability.

Trade receivable and unbilled revenues are presented net of impairment in the Balance Sheet.

Performance obligations and remaining performance obligations

The remaining performance obligation disclosure provides the aggregate amount of the transaction price yet to be recognized as at the end of the reporting period and an explanation as to when the
Company expects to recognize these amounts in revenue. Applying the practical expedient as given in para 121 of Ind AS 115, the Company has not disclosed the remaining performance obligation related
disclosures for contracts as the performance obligation is part of a contract that has an original expected duration of less than 1 year.

The impact on account of applying the erstwhile IndAS 18 Revenue instead of IndAS 115 Revenue from contract with customers on the financials results of the Company forthe year ended as at March 31,
2026 is insignificant.

40. ADDITIONAL DISCLOSURE OF FINANCIAL

(a) There is no list available on MCA portal about companies struck off under The Companies Act. So it is not feasible to
determine the transaction with struck off companies.

(b) The company does not hold any benami property under the Benami Transactions (Prohibition) Act, 1988 (45 of 1988)
and rules made thereunder.

(c) There are no transaction which is not recorded in the books of accounts and has been surrendered or disclosed as
income during the year in the tax assessments under the Income Tax Act, 1961 such as search or survey or any other

(d) The Company has not traded or invested in Crypto Currency or Virtual Currency during the financial year.

(e) The company has not been declared as a wilful defaulter by any bank or financial institution or any other lender during t

(f) The Company do not have any charges or satisfaction which is yet to be registered with ROC beyond the statutory
period.

(g) The company is neither a holding company of any subsidaries companies not a subsidary company of any holding
company, hence The company is not covered under clause (87) of section 2 of the Companies Act along with the

(h) The Company has not entered in any Scheme of Arrangements which has been approved by the Competent Authority
in terms of sections 230 to 237 of the Companies Act, 2013.

(i) The title deeds of all immovable properties disclosed in financial statements, are held in the name of Company.