Terms/Rights attached to Equity shares

14.1 The Company has only one class of shares referred to as equity shares having a par value of Rs.10/- per share. Holders of equity shares are entitled to one vote per share. In the event of liquidation of the Company, the holders of equity shares will be entitled to receive the remaining assets of the Company in proportion to the number of equity shares held.

15.1 Nature and Purpose of Reserve

1. Capital Redemption reserve

Capital Redemption reserve was created against redemption of preference shares.The reserve will be utilized in accordance with the provisions of Companies Act 2013.

2. Securities Premium

Securities Premium Account is used to record the premium on issue of shares and is utilised in accordance with the provisions of the Companies Act, 2013.

3. Retained Earnings

Retained Earnings are the profits/losses of the Company earned till date net of appropriations.

30.2 Management is of the view that above litigation will not have material impact on the financial position of the company.

31. The Chairman and Managing Director has requested the Company to waive the remuneration payable to him for the financial year 2023-24. The Board of Directors at its meeting held on 5th May, 2023 has approved the request. Hence no provision has been made in the books of account for the year ended 31st March 2024 for remuneration payable to the Chairman and Managing Director.

32. Hon’ble High court, Bombay vide its order dated 10th April, 2015 have approved the scheme of arrangement consisting of de-merger of warehousing Business of R. T. Exports Limited. (The demerged company) into Asian Warehousing Limited (since converted into Public Limited Company) (the resulting Company) with effect from 01.04.2012 (appointed date). Accordingly all the Assets, Liabilities, business has been accounted in resulting Company to give effect to the court order, during the financial year 2015-2016. Further, in respect of borrowing taken by demerged company and transferred to resulting company, satisfaction of charge is also yet to be satisfied. During the year, equity shares of the resulting company got listed on BSE Limited on 27th June 2023.

34.1 The Company has not recognised any deferred tax assets on deductible temporary differences and carried forward business losses as it is not probable that the company will have sufficient future taxable profit which can be available against the available tax losses.

35. Segment Reporting

The Company's operating segments are established on the basis of those components that are evaluated by the the 'Chief Operating Decision Maker' as defined in Ind AS 108 - 'Operating Segments in deciding how to allocate resources and in assessing performance. These have been identified taking into account nature of products and services, the differing risks and returns and the internal business reporting systems.

The accounting policies adopted for segment reporting are in line with the accounting policy of the Company with following additional policies for segment reporting :

a) Revenue and Expenses have been identified to a segment on the basis of relationship to operating activities of the segment. Revenue and Expenses which relate to enterprise as a whole and are not allocable to a segment on reasonable basis have been disclosed as "Unallocable".

b) Segment Assets and Segment Liabilities represent Assets and Liabilities in respective segments. Investments, tax related assets and other assets and liabilities that cannot be allocated to a segment on reasonable basis have been disclosed as unallocable segments. Investments, tax related assets and other assets and liabilities that cannot be allocated to a segment on reasonable basis have been disclosed as "Unallocated".

c) As per Indian Accounting Standard 108 - Operating Segments, the Company has reported segment on the basis of businesses conducted.

d) The reportable segments are described below:

- The Agro Segment includes trading mainly in rice

- The business, which were not reportable segments during The Year, have been grouped under The "Others" segment. This mainly comprises of services and renting.

38.1 Financial Instrument by category

Below is a comparison by class of the carrying amount and fair value of the company's financial assets and liabilities that are recognised in the financial statements.

38.2 Fair Valuation Techniques used to determine fair value

The Company maintains procedures to value financial assets or financial liabilities using the best and most

relevant data available. The fair values of the financial assets and liabilities are included at the amount that

would be received to sell an asset or paid to transfer a liability in an orderly transaction between market

participants at the measurement date.

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

i) Fair value of trade receivable, cash and cash equivalents, other bank balances, trade payables, loans, borrowings, deposits and other financial assets and liabilities are approximate at their carrying amounts largely due to the short-term maturities of these instruments.

ii) The Company uses valuation techniques that are appropriate in the circumstances and for which sufficient data are available to measure fair value, maximizing the use of relevant observable inputs and minimizing the use of unobservable inputs.

38.3 Fair Value Hierarchy

The Company's activities are exposed to credit risk and liquidity risk which are continuously monitored.

i) Level 1 :- Quoted Prices/published NAV (unadjusted) in active markets for identical assets or liabilities.

ii) Level 2 :- Inputs, other than quoted prices included within level 1, that are observable for the asset or liability, either directly (that is, as prices) or indirectly (that is, derived from prices). It includes fair value of the financial instruments that are not traded in an active market (for example, over-the-counter derivatives) is determined by using valuation techniques. These valuation techniques maximise the use of observable market data where it is available and rely as little as possible on the Company specific estimates. If all significant inputs required to fair value an instrument are observable then instrument is included in level 2.

iii) Level 3 Inputs for the asset or liability that are not based on observable market data (that is,

unobservable inputs). If one or more of the significant inputs is not based on observable market data, the

instrument is included in level 3.

39. Financial Risk Management

The Company's activities are exposed to credit risk and liquidity risk which are continuously monitored.

(a) Credit Risk

Credit risk arises from cash and cash equivalent and other financial assets carried at amortised cost.

(b) Liquidity Risk

The Company is not exposed to any significant liquidity risk.

40. Capital Management

The Company's capital management objectives are:

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

- to provide an adequate return to shareholders through optimisation of working capital

The Company working monitors capital on the basis of the amount of working capital

The Company's objective for capital management is to maintain an optimum overall, working capital."

41. REVENUE RECOGNITION

The Company disaggregates revenue from contracts with customers by type of products and services, geography and timing of revenue recognition.

Revenue disaggregation by type of goods and services is given note no.23.

42. During the financial year 2019-2020, Land admeasuring 2 kanal 12 marle situated at Narela Road, Village Kundli, Dist. Sonepat, Haryana was classified as asset held for the sale and the management intends to dispose off the same and the management is hopefull that it will be sold in near future.

43. Statement of current assets filed with banks and financial institutions for borrowing facilities:

The company has not availed any working capital facilities from the banks and financial Institutions. Hence, no statements of current assets have been filed.

Reason for Variance :

Note No.:

(i) Current Ratio - Decreased primarily due to increase of trade payables.

(ii) Debt Service Coverage Ratio - Increase due to decrease in interest expenses and increase in profit during the year.

(iii) Return on Equity Ratio - Increase due to increase in profit.

(iv) Trade Receivables Turnover Ratio - Primarily due to increase in turnover and decrease in average trade receivables.

(v) Trade Payables Turnover Ratio - Primarily due to decrease in average trade payables.

(vi) Net Capital Turnover Ratio - Primarily due to decrease in working capital and increase in Sales.

(vii) Net Profit Ratio - Net profit ratio increases primarily due to better operating profit.

(viii) Return on Capital Employed Ratio - Primarily due to higher operating profit.

45. Relationship with Struck-off companies

The Company has not entered any transaction with struck-off companies i.e., investments in securities, receivables, payables, shares held by struck off companies and other balances during the period.

46. Inclusion of Prior period errors

No prior period items have been recorded or exists as on date.

47. Details of Crypto Currency or Virtual Currency

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

48. The Company does not have any Benami property, where any proceeding has been initiated or pending against the Company for holding any Benami property.

49. The Company has not advanced or loaned or invested funds to any other person(s) or entity(ies), including foreign entities (Intermediaries) with the understanding that the Intermediary shall:

(a) 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

(b) provide any guarantee, security or the like to or on behalf of the Ultimate Beneficiaries.

50. 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 shall:

(a) 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

(b) provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries.

51. The provisions of Corporate Social Responsibility under Section 135 of the Companies Act, 2013 are not applicable to the Company.

52. The Company does not have any transaction which is not recorded in the books of accounts but 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 relevant provisions of the Income Tax Act, 1961).

53. The Company has not advanced any loans or advances in the nature of loans to specified persons viz. promoters, directors, KMPs, related parties; which are repayable on demand or where the agreement does not specify any terms or period of repayment.

54. The Company does not have any subsidiary and hence the provisions for compliance with the number of layers prescribed under clause (87) of section 2 of the Act read with Companies (Restriction on number of Layers) Rules, 2017 are not applicable.

55. "The Ministry of Corporate Affairs (MCA) has issued a notification dated 24th March 2021 (Companies(Accounts) Amendments Rules, 2021) which is effective from 1st April 2023, states that every Company which uses accounting software for maintaining its books of account shall use only such accounting software which has a feature of recording audit trail of each transaction, and further creating an edit log of each change made in the books of account along with the date when such changes were made and ensuring that the audit trail cannot be tampered with.

In respect of accounting software used from April 01, 2023 to October 21, 2023 there was no feature of recording the audit trail (edit log). Thereafter, the Company has upgraded to advanced version of the accounting software having feature of recording audit trail (edit log) facility."

56. Title Deed of immovable property are in the name of the company.

57. The figures for the previous year have been re-grouped/re-classified/re-arranged, wherever necessary, to correspond with the current year classification/disclosure.

58. The Financial Statements were approved for issue by Board of Directors on 17th May, 2024.