12. PROVISIONS.CONTINGENT LIABILITIES AND CONTINGENTASSETS:

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

ii) Contingent liabilities are not provided for but are disclosed by way of Notes on Accounts. Contingent liabilities is
disclosed in case of a present obligation from past events (a) when it is not probable that an outflow of resources
will be required to settle the obligation;(b)when no reliable estimate is possible;(c)unless the probability of outflow of
resources is remote.

iii) Contingent assets are not accounted but disclosed by way of Notes on Accounts where the inflow of economic
benefits is probable.

13. CURRENT AND NON-CURRENT CLASSIFICATION:

i) The Normal Operating Cycle for the Company has been assumed to be of twelve months for classification of
its various assets and liabilities into “Current” and “Non-Current”.

ii) The Company presents assets and liabilities in the balance sheet based on current and non-current classification.

iii) An asset is current when it is (a) expected to be realized or intended to be sold or consumed in normal operating
cycle; (b) held primarily for the purpose of trading; (c) expected to be realized within twelve months after the
reporting period; (d) Cash and cash equivalent unless restricted from being exchanged or used to settle a liability
for at least twelve months after the reporting period. All other assets are classified as non-current.

iv) An liability is current when (a) it is expected to be settled in normal operating cycle; (b) it is held primarily for the
purpose of trading; (c) it is due to be discharged within twelve months after the reporting period; (d) there is no
unconditional right to defer the settlement of the liability for at least twelve months after the reporting period. All other
liabilities are classified as non-current.

14. EARNING PER SHARE:

i) Basic earnings per share are 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.

ii) 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.

29. SEGMENT INFORMATION

The chief operational decision maker (CODM) monitors the operatingresults of its business segment separately for the purpose of
making decisions about resources allocation and performance assessment. Segment performance is evaluated based on profit or loss
and is measured consistently with profit or loss in the financial statements. Operating segments have been identified on the basis of
nature of products and services as well as other quantitative criteria specified in the IND AS 108.

(B) Secondary Segment

Information about Geographical areas:

The analysis of geographical segment is based on the geographical location of the customers. The geographical segments
considered for disclosure are as follows:

The Company's entire Revenues is from within India and revenue from customers located within India. All non-current assets in the
nature of property, plant and equipment (including capital work in progress) are domiciled in India.

30. Balances of Trade Receivable and Trade Payables & loans and advances are subject to confirmation from respective parties.

31. EMPLOYEE BENEFIT OBLIGATION

As per Indian Accounting Standard (IND AS) 19 “Employee Benefits”, the disclosures of Employee benefits as defined in the Accounting
Standard are given below:

i) Defined Contribution Plan: Employee benefits in the form of Provident Fund are considered as defined contribution plan and the
contributions to Employees Provident Fund Organization established under The Employees Provident Fund and Miscellaneous
Provisions Act 1952 and Employees State Insurance Act, 1948, respectively, are charged to the profit and loss account of the year
when the contributions to the respective funds are due. However, the provisions are not applicable to the Company during the year
under review.

ii) Defined Benefit Plan: Retirement benefits in the form of Gratuity are considered as defined benefit obligation and are provided for on
the basis of third-party actuarial valuation, using the projected unit credit method, as at the date of the Balance Sheet. Every
Employee who has completed five years or more of service is entitled to Gratuity on terms not less favorable than the provisions
of The Payment of Gratuity Act, 1972.

iii) Following are the risks associated with the plan:

Interest rate risk:

A fall in the discount rate which is linked to the G.Sec. Rate will increase the present value of the liability requiring higher provision.
A fall in the discount rate generally increases the mark to market value of the assets depending on the duration of asset.

Salary Risk:

The present value of the defined benefit plan liability is calculated by reference to the future salaries of members. As such, an
increase in the salary of the members more than assumed level will increase the plan's liability.

Investment Risk:

The present value of the defined benefit plan liability is calculated using a discount rate which is determined by reference to market
yields at the end of the reporting period on government bonds. If the return on plan asset is below this rate, it will create a plan deficit.
Currently, for the plan in India, it has a relatively balanced mix of investments in government securities, and other debt instruments.

Asset Liability Matching Risk:

The plan faces the ALM risk as to the matching cash flow. Since the plan is invested in lines of Rule 101 of Income Tax Rules, 1962,
this generally reduces ALM risk.

Mortality risk:

Since the benefits under the plan is not payable for life time and payable till retirement age only, plan does not have any longevity risk.
Concentration Risk:

Plan is having a concentration risk as all the assets are invested with the insurance company and a default will wipe out all the
assets. Although probability of this is very less as insurance companies have to follow regulatory guidelines.

The management assessed that the fair value of trade receivables, cash and cash equivalents, loans and advances, trade payables and
other current liabilities approximate their carrying amounts largely due to short term maturities of these instruments

34. The Company has elected to exercise the option permitted u/s 115BAA of the Income- tax Act, 1961 as introduced by the Taxation Laws
(Amendment) Ordinance, 2019.

35. As regards deferred tax as per lnd AS - 12 on ‘lncome Taxes”, there are net deferred tax assets for the past years. The company had
not recognised deferred tax assets until the previous financial year considering its profitability position in the past and expected
profitability of future period. Considering the business prospects of the company in future, it expects that it will have sufficient taxable
profits in future against which the temporary differences will be utilized. Therefore, the company has recognized net deferred tax assets
of Rs.4.96 lakhs (including amount of Rs.0.13 lakhs credited to Other Comprehensive Income) during the year under review.

36. Additional regulatory information pursuant to General Instructions for preparation of Balance Sheet and Statement of Profit
& Loss :

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

(ii) The Company has not been declared wilful defaulter by any bank or financial institution or government or any government authority.

(iii) The Company does not have any transaction with struck-off companies.

(iv) The Company does not have any charge or satisfaction which is yet to be registered with Registrar of Companies (ROC) beyond
the statutory period.

(v) 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.

(vi) 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 (a) the Company shall: 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.

(vii) The Company does not have any transaction which is not recorded in the books of accounts that 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).

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

(ix) The Company has complied with the number of layers prescribed under clause (87) of section 2 of the Companies Act, 2013 read
with Companies (Restriction on Number of Layers) Rules, 2017.

Explanatory Notes with regard to variance/chanaes in excess of 25%:

(i) During the year under review the total current liabilities had reduced significantly as compared to decrease in total current assets
which resulted in to favorable current ratio as compared to preceding year.

(ii) During the year under review not only the turnover has increased as compared to preceding financial year but the recovery is also
improved significantly as compared to preceding financial year. This has positively impacted the trade receivable turnover ratio.

(iii) As stated in (i) hereinabove, during the year under review the current liabilities have reduced significantly which positively impacted
trade payable turnover ratio as compared to preceding financial year. The same has also impacted Net Capital turnover ratio as due
to reduction in current liabilities, the net working capital has increased substantially as compared to preceding financial year.

38. In the opinion of the Board of Directors, the current assets, loans and advances are approximately of the value stated, if realized in the
ordinary course of business. The provisions for depreciation and all known and ascertained liabilities are adequate and not in excess of
the amounts reasonably necessary.

39. As per the requirements of Rule 3(1) of the Companies (Accounts) Rules 2014, the Company uses only such accounting software for
maintaining its books of accounts that has a feature of, recording the audit trail of each and every transaction, creating an edit log of each
change made in the books of accounts along with the date when such changes were made and who made those changes within such
accounting software. This feature of recording audit trail has operated throughout the year and was not tampered with during the year.

40. Approval of Financial Statements

These financial statements were approved for issue by the board of directors on 29^th May, 2024.

As per our report of even date attached. Signature to Note No.1 to 40

^{For S}H^AH & ^SH^AH ^ASSOCI^ATES For, PARKER AGRO-CHEM EXPORTS LIMITED

Chartered Accountants Sd/_- Sd/_-

^{FRN 113742W} Jagdish Acharya Natvarlal Acharya

^Sd/- (Chairman and (Director & CFO)

(V^{ASANT C}.^TANNA) Managing Director) (DIN: 01947789)

^Partner (DIN: 01251240)

Membership No. : 100422 Sd/_-

Swetalben Pandya

^{PLACE : AHMEDABAD} (Company Secretary)

DATE : 29^th May,2024

PLACE : AHMEDABAD
DATE : 29^th May,2024