29 SEGMENT INFORMATION

The Group had three primary business segments which are as follows:

1J Kaiser Corporation Limited

Printing of labels, packaging materials. Magazines and articles of stationery & consultancy service

21 Xicon International Limited

Turnkey Project Management and Engineering services.

b] The Company has a defined benefit plan namely Gratuity fur all its employees In the form of Croup Gratuity -cum- Life Assurance Scheme. The liability for the defined benefit is determined on the basis ol valuation made under the scheme at year end. which is calculated using the projected unit credit method.

The retirement benefit obligations recognized in the balance sheet represents the present value ol the defined benefit obligations as adjusted for unrecognized past service cost.

37 Properly, Plant and Equipment

a) The company maintains the Properly, Plant and Equipment register and details of Physical location and quantity are properly maintain by the company.

b) The company on an annual basis takes t he physical count of the Property, Plant and Equipment and there Is no discripancy in the report.

c) The Immovable property of Subsidiary company as per Property, Plant and Equipment schedule, kindly find the disclosure (or title deed in name ot the Subsidiary company.

a) Group as Lessor (In case of Xicon International Ltd.)

The company has given Premises on Leave & License basis which is renewable on mutual basis. The amount of minimum lease income with respect to operating lease recognized in the statement of profit and loss for this year is Ks. 2.4 Lakhs (31 March 2024: Rs.2.4 Lakhs).

44 Critical accounting judgements and sources of estimation uncertainties

"The preparation of the financial statements requires the management to make judgements, estimates and assumptions that afTcct the reported amounts of revenue, expenses, assets and liabilities and the accompanying disclosures including the disclosure of contingent liabilities. The estimates and underlying assumptions are reviewed on a ongoing basis.They are based on historical experience and other factors, including expectations of future events that may have a financial impact on the Company and that are believed to be reasonable under the circumstances. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision afTecls only that period, or in the period of revision and future periods if the revision affects both currentand future periods."

Detailed information about each of these estimates, assumptions and judgements is included in relevant notes together with information about the basis of calculation for each affected line item of financial statements. However, the following are the key assumptions and other key sources of estimation of uncertainty concerning the future, at the end of the reporting year that may have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial years.

(i) Useful lives of property, plant and equipment:

The Company reviews the estimated useful lives of property, plant and equipment at the end of each reporting year. The financial effect of this reassessment, assuming the assets are held until the end of their estimated useful lives, is an incrcase/decrease the depreciation expense in the current financial year and future years.

(ii) Fair value measurements and valuation processes:

Some of the Company’s assets and liabilities are measured at fair value for financial reporting purposes. In estimating the fair value of an asset or a liability, the Company uses market-observable data to the extent it is available. Where Level 1 inputs are not available, the Company uses appropiate valuation techniques for valuation. Their fair value is measured using valuation techniques including the Discounted Cash Flow (DCF) model. The inputs to these models are taken from observable markets where possible, but where this is not feasible, a degree of judgement is required in establishing fair value.

(iii) Estimation of defined benefit obligation:

The cost of defined benefits plan including other post employment benefits and the present value ofsuch obligations arc determined using actuarial valuations. An actuarial valuation involves making various assumptions that may differ from actual developments in the future. These include the determination of the discount rate, future salary increases, mortality rates and attrition rate. Due to the complexities involved in the valuation and its long term nature, a defined benefit obligation is highly sensitive to changes in these assumptions. All the assumptions are reviewed at each reporting date.

iv) Impairment of non-finanical assets:

The Company assesses at each reporting date whether there is an indication that an asset may be impaired. Ifany indication exists, or when annual impairment testing for an asset is required, the Company estimates the asset's recoverable amount. An asset's recoverable amount is the higher of an asset’s fair value less costs of disposal and its value in use. It is determined for an individual asset, unless the asset does not generate

cash flows that are largely independenl of those from other assets or group of assets. Where the carrying amount of an asset exceeds its recoverable amount, the asset is considered impaired and is written down to its recoverable amount.

v) Impairment of financial assets:

The impairment provisions for financial assets are based on assumptions about risk of default and expected loss rates. The Company used judgement in making these assumptions and selecting the inputs to the impairment calculation, based on Company's past history, existing market conditions as well as forward looking estimates at the end of each reporting period.

vi) Lease

The Company determines the lease term as the non-canccllable term of the lease, together with any periods covered by an option to extend the lease if it is reasonably certain to be exercised, or any periods covered by an option to terminate the lease, if it is reasonably certain not to be exercised. The Company has several lease contracts that include extension and termination options. The Company applies judgement in evaluating whether it is reasonably certain to exercise the option to renew or terminate the lease. It considers all relevant factors that create an economic incentive for it to exercise either the renewal or termination. After the commencement date, the Company reassesses the lease term if there is a significant event or change in circumstances that is within its control and affects its ability to exercise or not to exercise the option to renew or to terminate.

46 Balances of certain trade receivables, trade payables and other financial assets are subject to confirmation / reconciliation, if any. The management does not expect any material difference affecting the financial statements on such reconciliation / adjustments.

47 In the opinion of management, trade receivables, loans and other financial assets have a value on realisation in the ordinary course of business at least equal to the amount at which they are slated in the balance sheet. The provision for depreciation and all known liabilities is adequate and not in excess of the amount reasonably stated.

48 Code on Social Security, 2020:

The Indian Parliament has approved the Code on Social Security, 2020 which would impact the contributions by the Company towards Provident Fund and Gratuity. The Ministry of Labour and Employment has released draft rules for the Code on Social Security, 2020 on November 13, 2020, and has invited suggestions from stakeholders which are under active consideration by the Ministry. The Company will assess the impact and its evaluation once the subject rules arc notified and will give appropriate impact in its financial statements in the period in which, the Code becomes effective and the related rules to determine the financial impact are published.

50 Management has conducted the physical verification of Inventories as on 5 April 2025 and since there is no receipt & issues during the period 1 April 2025 to 5 April 2025, the inventories held on 5 April 2025 is having the same value as on 31 March 2025.

51 The company (Holding and subsidiary) has not done any transaction with companies struck off under section 248 Com panics Act 2013.

52 The charge on asset that has to be registered with ROC has been registered on time as inform by management.

53 As per the management and those charge with the Goverance has given declaration that the company is not declared wilful defaulter by any bank or financial instutuion or other lender.

54 Events after the end of the reporting date

No subsequent event has been observed which may require any adjustment to the statement of financial position.

55 "Company has during the year written back export commission payable to REPL, UK amounting to USD 1,83,560 (equivalent 1NR 1,57,09,322/-). “

While the transaction of export commission payable has contractual and commercial substance of and accordingly, it was recorded in FY 2023-24. However, Authorised Dealer (Bank of India) has refused to process the remittance citing the reason that there is no direct export by the Company has accordingly informed REPL, UK about the lack of documentation in terms of Foreign Exchange Management Act(FEMA) provisions and hence its inability to make remittance to which REPL has agreed and has waived its export commission dues.

56 Amounts for the year ended and as at 31 March 2025 were audited by auditors Shabbir & Rita Associates LLP.

57 The Figures of the previous year have been regrouped, whenever necessary to conform with the current year's presentations.