Notes to Accounts of Betex India Ltd.

Mar 31, 2025

During the year, the Company has made investments through Portfolio Management Services (PMS). These investments are classified as financial assets measured at fair value through profit or loss (FVTPL) in accordance with Ind AS 109 - Financial Instruments. Accordingly: Unrealised gains/losses arising from changes in the fair value of these investments as at the reporting date have been recognised in the Statement of Profit and Loss.

Realised gains/losses on sale of securities under PMS during the year have also been recognised in the Statement of Profit and Loss.

The fair value of the PMS investments is determined based on the statement provided by the PMS manager as on the reporting date.

The relevant disclosures relating to the fair value hierarchy as per Ind AS 113 - Fair Value Measurement have been made under Note

i. The Company has Two class of shares referred to as equity shares having face value of Rs.10/- each and Non-Convertible Redeemable Preferance Shares having face value of Rs. 10/- each. Each holder of equity share is entitled to one vote per share.

ii. The holder of equity shares are entitled to dividends, if any proposed by the Board of Directors and approved by share holder at the Annual General Meeting.

iii. In the event of liquidation of the Company, the holders of equity shares will be entitled to receive any of the remaining assets of the Company, after distribution of all preferential amounts,. However. No such preferential amounts exists currently. The distribution will be in proportion to the numbers of equity shares held by the Share holders.

iv. Non-convertible Redeemable Pref. shares does not carry any voting rights.

The details of status of suppliers whether MSME or Otherwise has not been provided by the company, hence due/ payable to creditors are not separately given as required under the Companies Act. The information regarding the suppliers, whether they are registered with the authority specified under the Micro, Small & Medium Enterprises Development Act, 2006 is not available with the auditor. Hence we are unable to calculate the amount of interest paid or payable to them U/s.23 of that Act.

26.5 SEGMENT REPORTING

The requimment of Segment reporting is not applicable to the Company both in respect of Geographical Segment and Product wise Segment.

The details of status of suppliers whether MSME or Otherwise has not been provided by the company, hence due/ payable to creditors g are not separately given as required under the Companies Act. The information regarding the suppliers, whether they are registered with the authority specified under the Micro, Small & Medium Enterprises Development Act, 2006 is not available with the auditor. Hence we are unable to calculate the amount of interest paid or payable to them u/s.23 of that Act.

26.7 Estimated amount of contracts remained to be executed not provided for : NIL, Advance paid : NIL

2g g In the opinion of the Board of directors of the Company, the current assets, Loans, advance and deposits are approximately of the

value stated in the accounts if realized, in the ordinary course of Business, unless otherwise stated.

26.9 The provision of all known liabilities are adequate and not in excess of the amount reasonably necessary.

2g jq The Amount of Loans & Advances includes Rs. 412.36 Lacs due from Pinn/Companies/Individuals in which directors of the company are interested.

2g j j No Balance confirmation letters have been sent to Sunday debtors, creditors Loans & Advances unsecured Loan etc. Hence the said balance remains unconfirmed.

2g ^2 As P^er ti^le companies (Appointment & Remuneration Rule 2014, except for 3 empolyees who drew remuneration eceeding that of the managing Directors and whole time Directors, no other employee''s remuneration exceeded the prescribed limits during the year.

26 is We have verified the vouchers and documentary evidences wherever made available. Where no documentary evidences were available, We have relied on the authentication given by the management.

The Quantity of closing stock of Raw Materials, Finished Goods etc. as shown in the Balance Sheet has been physically verified by the 26.14 management and has been certified as true and correct. We have totally relied upon the quantitative statements of stock as provided by the management’s. The value of closing stock is also taken as certified by the management.

2g jg As informed by the Company, no employee has become entitled for the gratuity under payment of the Gratuity Act, 1972 and shall be accounted in the year of payment.

26.16 EARNINGS PER SHARE: [IND AS 33]

Basic and Diluted eamings/(loss) per share are calculated by dividing the net profit / (loss) for the period attributable to equity

shareholders (after deducting preference dividends and attributable taxes) by the weighted average number of equity shares — outstanding during the period. The weighted average numbers of equity shares outstanding during the period are adjusted for any share splits and bonus shares issues including for changes effected prior to the approval of the financial statements by the board of directors.

26.17 Financial risk management

The Company''s activities are exposed to a variety of market risk (including interest risk,credit risk and liquidity risk). The Company''s overall financial risk management policy focuses on the unpredictability of financial markets and seeks to minimize potential adverse effects on the Company''s financial performance

i. Market Risk

Market rate is the risk that arises from changes in market prices, such as commodity prices, foreign exchange rates, interest rates etc. and will affect the Company''s income or the value of its holdings of financial instruments. The objective of market risk management is to manage and control market risk exposure within acceptable parameters, while optimising returns.

ii. Interest Rate Risk

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 rates. Currently company try take loan facility for business purpose from with minimal rate as compare to market.

iii. Foreign Currency Exchange Rate Risk

Company not do any transaction in foreign currency so company is not directly impacted by Foreign Currency Exchange risk.

iv. Liquidity Risk

Liquidity risk arises from the Company''s management of working capital. It is the risk that the Company will encounter difficulty in meeting its financial obligations as they fall due.

Company''s policy is to ensure that it will always have sufficient cash to allow it to meet its liabilities when they become due. The principal liabilities of the Company arise in respect of the trade and other payables Trade and other payables are all payable within 12 months.

The Company manages liquidity risk by maintaining adequate surplus, banking facilities and reserve borrowing facilities by continuously monitoring forecasts and actual cash flows.

The Company has a system of regularly forecasting cash inflows and outflows and all liquidity requirements are planned.

Forecast for trade and other payables is regularly monitored to ensure timely funding. All payments are made within due dates.

The Board receives cash flow projections on a regular basis as well as information on cash balances.

26.18 Capital risk management

The Company manages its capital to ensure that the Company will be able to maintain an optimal capital structure so as to support its businesses and maximise shareholder value. To achieve this objective, the Company may make adjustments to the capital structure in view of changes in economic conditions, such as adjusting the amount of dividend payment, returning of capital to shareholders or issuing new shares.

26.19 “Previous year’s figures have been regrouped and recasted wherever necessary.”

26.20 The figures are rounded off to nearest rupee wherever necessary.

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Mar 31, 2024

26 NOTES ON ACCOUNTS :

Notes Forming Part of the Accounts for the Year ended 31st March 2024 26 1 CONTINGENT LIABILITIES :

These are disclosed by way of notes on the Balance Sheet. Provision is made in the accounts in respect of those liabilities which are likely to materialize after the year end, till the finalization of accounts and have material effect on the position stated in the Balance Sheet. There are no contingent liabilities or contingent assets as on 31.03.2023 that need recognition as and in consonance with generally referred to in ICDS-10.

26.5 SEGMENT REPORTING

The requimment of Segment reporting is not applicable to the Company both in respect of Geographical Segment and Product wise Segment.

The details of status of suppliers whether MSME or Otherwise has not been provided by the company, hence due/ payable to creditors 2g g are not separately given as required under the Companies Act. The information regarding the suppliers, whether they are registered with the authority specified under the Micro, Small & Medium Enterprises Development Act, 2006 is not available with the auditor. Hence we are unable to calculate the amount of interest paid or payable to them u/s.23 of that Act.

26.7 Estimated amount of contracts remained to be executed not provided for : NIL, Advance paid : NIL

2g g In the opinion of the Board of directors of the Company, the current assets, Loans, advance and deposits are approximately of the

value stated in the accounts if realized, in the ordinary course of Business, unless otherwise stated.

26.9 The provision of all known liabilities are adequate and not in excess of the amount reasonably necessary.

2g jq The Amount of Loans & Advances includes Rs. 758.68 Lacs due from Pinn/Companies/Individuals in which directors of the company are interested.

2g j j No Balance confirmation letters have been sent to Sunday debtors, creditors Loans & Advances unsecured Loan etc. Hence the said balance remains unconfirmed.

26 j2 No employees was in receipt of remuneration aggregating to Rs. 24,00,000/- p.a. or Rs. 2,00,000/- or more per month for the part of the year. Previous year also there was no such employees.

26 13 ^^{laVe ver}^''^lec^ Hie ^vouch^ers and documentary evidences wherever made available. Where no documentary evidences were

available, We have relied on the authentication given by the management.

The Quantity of closing stock of Raw Materials, Finished Goods etc. as shown in the Balance Sheet has been physically verified by the 26.14 management and has been certified as true and correct. We have totally relied upon the quantitative statements of stock as provided by the management’s. The value of closing stock is also taken as certified by the management.

jg As informed by the Company, no employee has become entitled for the gratuity under payment of the Gratuity Act, 1972 and shall be accounted in the year of payment.

26.16 EARNINGS PER SHARE: [IND AS 33]

Basic and Diluted eamings/(loss) per share are calculated by dividing the net profit / (loss) for the period attributable to equity shareholders (after deducting preference dividends and attributable taxes) by the weighted average number of equity shares

- outstanding during the period. The weighted average numbers of equity shares outstanding during the period are adjusted for any share

splits and bonus shares issues including for changes effected prior to the approval of the financial statements by the board of directors.

26.17 Financial risk management

The Company''s activities are exposed to a variety of market risk (including interest risk,credit risk and liquidity risk). The Company''s overall financial risk management policy focuses on the unpredictability of financial markets and seeks to minimize potential adverse effects on the Company''s financial performance

i. Market Risk

Market rate is the risk that arises from changes in market prices, such as commodity prices, foreign exchange rates, interest rates etc. and will affect the Company''s income or the value of its holdings of financial instruments. The objective of market risk management is to manage and control market risk exposure within acceptable parameters, while optimising returns.

ii. Interest Rate Risk

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 rates. Currently company try take loan facility for business purpose from with minimal rate as compare to market.

iii. Foreign Currency Exchange Rate Risk

Company not do any transaction in foreign currency so company is not directly impacted by Foreign Currency Exchange risk.

iv. Liquidity Risk

Liquidity risk arises from the Company''s management of working capital. It is the risk that the Company will encounter difficulty in meeting its financial obligations as they fall due.

Company''s policy is to ensure that it will always have sufficient cash to allow it to meet its liabilities when they become due. The principal liabilities of the Company arise in respect of the trade and other payables Trade and other payables are all payable within 12 months.

The Company manages liquidity risk by maintaining adequate surplus, banking facilities and reserve borrowing facilities by continuously monitoring forecasts and actual cash flows.

The Company has a system of regularly forecasting cash inflows and outflows and all liquidity requirements are planned.

Forecast for trade and other payables is regularly monitored to ensure timely funding. All payments are made within due dates.

The Board receives cash flow projections on a regular basis as well as information on cash balances.

26.18 Capital risk management

The Company manages its capital to ensure that the Company will be able to maintain an optimal capital structure so as to support its businesses and maximise shareholder value. To achieve this objective, the Company may make adjustments to the capital structure in view of changes in economic conditions, such as adjusting the amount of dividend payment, returning of capital to shareholders or issuing new shares.

26.19 “Previous year’s figures have been regrouped and recasted wherever necessary.”

26.20 The figures are rounded off to nearest rupee wherever necessary.

As per our report of even date attached _ , . . ... .... _ , _.

For and on behalf ot the Board ot Directors

FOR C. P. JARIA & CO. BETEX INDIA LIMITED

Chartered Accountants F.R.N. 104058W

Maheshkumar Somani Ritesh Somani

Director Director

DIN - 00106449 DIN - 01402114

CA. PANKAJ JAIN

Partner

M. No.: 112020

Place: Surat Manish Somani Swati Somani

Date: May 30,2024 Chief Financial Officer Company Secretary

UDIN: 24112020BKEYBI4402

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Mar 31, 2015

1. SEGMENT REPORTING (AS-17)

The requirement of Segment reporting is not applicable to the Company both in respect of Geographical Segment and Product wise Segment.

2. In the absence of necessary information with the company relaing to the status of the supplier under Micro, Small, and Medium Enterprises Act, 2006, the information could not be compiled.

3. Estimated amount of contracts remained to be executed not provided for NIL, Advance paid NIL

4. In the opinion of the Board of directors of the Company, the current assets, Loans, advance and deposits are approximately of the value stated in the accounts if realized, in the ordinary course of Business, unless otherwise stated.

5. The provision of all known liabilities are adequate and not in excess of the amount reasonably necessary.

6. The Amount of Loans & Advances includes Rs. 446.85 Lacs (P.Y Rs.899.56 Lacs)due from Firm/Companies/individuals in which directors of the company are interested.

7. No Balance confirmation letters have been sent to Sunday debtors, creditors Loans & Advances unsecured Loan etc. Hence the said balance remains unconfirmed.

8. No employees was in receipt of remuneration aggregating to Rs. 24,00,000/- p.a. or Rs. 2,00,000/- or more per month for the part of the year. Previous year also there was no such employees.

9. We have verified the vouchers and documentary evidences wherever made available. Where no documentary evidences were available, We have relied on the authentication given by the management.

10. The Quantity of closing stock of Raw Materials, Finished Goods etc. as shown in the Balance Sheet has been physically verified by the management and has been certified as true and correct. We have totally relied upon the quantitative statements of stock as provided by the management's. The value of closing stock is also taken as certified by the management.

11. The figures are rounded off to nearest rupee wherever necessary.

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Mar 31, 2014

1. Corporate Information

Betex India Limited is a Public Limited Listed Company domiciled in India and Incorporated under the provisions of the Companies Act, 1956. The Company is engaged in the business of Processing of Art Silk Cloth on job work basis and Power generation through Wind Mill.

2. i. The Company has Two class of shares referred to as equity shares having face value of Rs. 10/- each and Non- Convertible Redeemable Preferance Shares having face value of Rs. 10/- each. Each holder of equity share is entitled to one vote per share

ii. The holder of equity shares are entitled to dividends, if any proposed by the Board of Directors and approved by share holder at the Annual General Meeting.

iii. In the event of liquidation of the Company, the holders of equity shares will be entitled to receive any of the remaining assets of the Company, after distribution of all preferential amounts,. However. No such preferential amounts exists currently. The distribution will be in proportion to the numbers of equity shares held by the Share holders.

iv. Non-convertible Redeemable Pref. shares does not carry any voting rights

3. CONTINGENT LIABILITIES (AS-29):

Contingent Liabilities (Not provided for) in respect of:-

PARTICULARS As On As On 31/03/2014 31/03/2013

Central Excise & Custorms Liabilities 2,213,789 2,213,789

TOTAL 2,213,789 2,213,789

4. SEGMENT REPORTING (AS-17)

The requirnment of Segment reporting is not applicable to the Company both in respect of Geographical Segment and Product wise Segment.

5. In the absence of necessary information with the company relaing to the status of the supplier under Micro, Small, and Medium Enterprises Act, 2006, the information could not be compiled.

6. Estimated amount of contracts remained to be executed not provided for: NIL, Advance paid : NIL

7. In the opinion of the Board of directors of the Company, the current assets, Loans, advance and deposits are approximately of the value stated in the accounts if realized, in the ordinary course of Business, unless otherwise stated.

8. The provision of all known liabilities are adequate and not in excess of the amount reasonably necessary.

9. The Amount of Loans & Advances encludes Rs. 899 56 Lacs (P Y Rs.316.17 Lacs) due from Firm/Companies/lndividuals in which directors of the company are interested

10. No Balance confirmation letters have been sent to Sunday debtors, creditors Loans & Advances unsecured Loan etc. Hence the said balance remains unconfirmed.

11. No employees was in receipt of remuneration aggregating to Rs. 24,00,000/- p.a. or Rs. 2,00,000/- or more per month for the part of the year. Previous year also there was no such employees.

12. We have verified the vouchers and documentary evidences wherever made available. Where no documentary evidences were available, We have relied on the authentication given by the management.

13. The Quantity of closing stock of Raw Materials, Finished Goods etc. as shown in the Balance Sheet has been physically verified by the management and has been certified as true and correct. We have totally relied upon the quantitative statements of stock as provided by the management''s. The value of closing stock is also taken as certified by the management.

14. The figures are rounded off to nearest rupee wherever necessary.

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Mar 31, 2013

- Corporate Information Betex India Limited is a Public Limited Listed Company domiciled in India and Incorporated under the provisions of the Companies Act, 1956. The Company is engaged in the business of Processing of Art Silk Cloth on job work basis and Power generation through Wind Mill.

1.1 CONTINGENT LIABILITIES (AS-29):

Contingent Liabilities (Not provided for) in respect of:-

PARTICULARS As On As On 31/03/2013 31/03/2012

Central Excise & Custorms Liabilities 2,213,789 2,213,789

TOTAL 2,213,789 2,213,789

The requirnment of Segment reporting is not applicable to the Company both in respect of Geographical Segment and Product wise Segment.

1.2 In the absence of necessary information with the company relaing to the status of the supplier under Micro, Small, and Medium Enterprises Act, 2006, the information could not be compiled.

1.3 Estimated amount of contracts remained to be executed not provided for: NIL, Advance paid : NIL

1.4 In the opinion of the Board of directors of the Company, the current assets, Loans, advan©e"and deposits are approximately of the value stated in the accounts if realized, in the ordinary course of Business, gnless otherwise stated.

1.5 The provision of all known liabilities are adequate and not in excess of the amount reasonably necessary.

1.6 The Amount of Loans & Advances encludes Rs. 316.17 Lacs (P.Y. Rs.317.67 Lacs)due from Firm/Companies/Individuals in which directors of the company are interested.

1.7 No Balance confirmation letters have been^sent to Sunday debtors, creditors Loans & Advances unsecured Loan etc. Hence the said balance remains unconfirmed.

1.8 No employees was in receipt of remuneration aggregating to Rs. 24,00,000/- p.a. or Rs. 2,00,000/- or more per month for the part of the year. Previous year also there was no such employees.

1.9 We have .verified the vouchers and documentary evidences wherever made available. Where no documentary evidences were available, We have relied on the authentication given by the management.

1.10 The Quantity of closing stock of Raw Materials, Finished Goods etc. as shown in the Balance Sheet has been physically verified by the management and has been certified as true and correct. We have totally relied upor, the quantitative statements of stock as provided by the management''s. The value of closing .stock is also taken as certified by the management.

1.11 The Revised Schedule VI has become effective from 1 April, 2011 for the preparation of financial statements.: This has significantly impacted the disclosure and presentation made in the financial statements. Previous year''s figures have been regrouped / reclassified wherever necessary to correspond with the current year''s classification / disclosure.

1.12 The figures are rounded off to nearest rupee wherever necessary.

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Mar 31, 2012

Corporate Information

Betex India Limited is a Public Limited Listed Company domiciled in India and Incorporated under the provisions of the Companies Act, 1956. The Company is engaged in the business of Processing of Art Silk Cloth on job work basis and Power generation through Wind Mill.

1.1 CONTINGENT LIABILITIES (AS-29):

Contingent Liabilities (Not provided for) in respect of:-

PARTICULARS : As On As On

31/03/2012 31/03/2011

Central Excise & Custorms Liabilities 2,213,789 2,213,789

TOTAL 2,213,789 2,213,789

1.2 SEGMENT REPORTING (AS-17)

The requirnment of Segment reporting is not applicable to the Company both in respect of Geographies

Segment and Product wise Segment.

1.3 In the absence of necessary information with the company relaing to the status of the supplier under Micro Small, and Medium Enterprises Act, 2006, the information could not be compiled.

1.4 Estimated amount of contracts remained to be executed not provided for: NIL, Advance paid : NIL

1.5 In the opinion of the Board of directors of the Company, the current assets, Loans, advance and deposits ar« approximately of the value stated in the accounts if realized, in the ordinary course of Business, unless otherwise stated.

1.6 The provision of all known liabilities are adequate and not in excess of the amount reasonably necessary.

1.7 The Amount of Loans & Advances encludes Rs. 317.67 Lacs (P.Y. Rs.305.31 Lacs)due frorr Firm/Companies/lndividuals in which directors of the company are interested.

1.8 No Balance confirmation letters have been sent to Sunday debtors, creditors Loans & Advances unsecured Loan etc. Hence the said balance remains unconfirmed.

1.9 No employees was in receipt of remuneration aggregating to Rs. 24,00,000/- p.a. or Rs. 2,00,000/- or more per month for the part of the year. Previous year also there was no such employees.

1.10 We have verified the vouchers and documentary evidences, wherever made available. Where no documentary evidences were available, We have relied on the authentication given by the management.

1.11 The Quantity of closing stock of Raw Materials, Finished Goods etc. as shown in the Balance Sheet has been physically verified by the management and has been certified as true and correct. We have totally relied upon the quantitative statements of stock as provided by the management's. The value of closing stock is also taken as certified by the management.

1.12 The Revised Schedule VI has become effective from 1 April, 2011 for the preparation of financial statements. This has significantly impacted the disclosure and presentation made in the financial statements. Previous year's figures have been regrouped / reclassified wherever necessary to correspond with the current year's classification / disclosure.

1.13 The figures are rounded off to nearest rupee wherever necessary.

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Mar 31, 2011

1 CONTINGENT LIABILITIES (AS-29):

Contingent Liabilities (Not provided for) in respect of:-

PARTICULARS As On As On 31/03/7011 31/03/2010

Corporate Guarantee (In favor of Gujarat Pollution Control Board) - 100,000

Central Excise & Customs Liabilities 2,213,789 2,213,789

TOTAL 2,213,789 2,313,789



Note : The above Transaction include Inter unit Transactions

2 SEGMENT REPORTING (AS-17)

The requirement of Segment reporting is not applicable to the Company both in respect of Geographical Segment and Product wise Segment.

3 In the absence of necessary information with the company relating to the status of the supplier under Micro, Small, and Medium Enterprises Act, 2006, the information could not be compiled.

4 Additional information pursuant to the provisions of Para 3, 4c, and 4d of Part II of schedule VI to the Companies Act, 1956, is as under :-

The company was not required to obtain any license under Industrial Regulations Act and therefore, the details relating to licensed capacity are not applicable.

5 Estimated amount of Contracts remained to be executed on capital Accounts not Provided for is Rs. NIL ( P.Y. NIL)

6 DEFERRED TAX (AS-22):

Provision for deferred tax liability (net) amounting to Rs.1889190/- is based on accounting standard for deferred tax (AS-22) being "Timing differences" between books and taxable profit which will be adjusted/reversed in future when these expenditure would be accounted for on accrual basis or allowed for tax purposes. The major component of deferred tax assets and liability arising out timing difference as under.

7 In the opinion of the Board of directors of the Company, the current assets, Loans, advance and deposits are approximately of the value stated in the accounts if realized, in the ordinary course of Business, unless otherwise stated.

8 The provision of all known liabilities are adequate and not in excess of the amount reasonably necessary.

9 The Amount of Loans & Advances includes Rs.305.31 Lacs (P.Y. Rs.140.18 Lacs)due from Firm/Companies/Individuals in which directors of the company are interested.

10 Previous year figures have been regrouped or rearranged wherever found necessary.

11 We have verified the vouchers and documentary evidences wherever made available. Where no documentary evidences were available, We have relied on the authentication given by the management.

12 Note figures are rounded off to nearest rupee wherever necessary.

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Mar 31, 2009

1 Contingent Liabilities not provided for : Nil (P.Y. NIL)

2 Estimated amount of Contracts remained to be executed on capital Accounts not Provided for is Rs. NIL ( P.Y. NIL )

3 In the opinion of the Board of directors of the Company, the current assets, Loans, advance and deposits are approximately of the value stated in the accounts if realized, in the ordinary course of Business, unless otherwise stated.

4 The provision of all known liabilities are adequate and not in excess of the amount reasonably necessary.

5 As informed by the company, there is no small scale industrial undertaking to whom the company owes Rs. 1.00 lacs outstanding for more than 30 days as at 31st March,2009.

6 Previous year figures have been regrouped or reacranged wherever found necessary.

7 Additional information pursuant to the provisions of para 3, 4c, and 4d of Part II of schedule VI to the Companies Act, 1956, is as under :-

The company was not required to obtain any licence under Industrial Regulations Act and therefore, the details relating to licenced capacity are not applicable.

8 We have verified the vouchers and documentary evidences wherever made available. Where no documentary evidences were available. We relied on the authentication given by the management.

9 Every amount in the Books of Accounts has been Rounded Of to the nearest Rupee.