Notes to Accounts of Cenlub Industries Ltd.

Mar 31, 2025

2.17 Provisions

Provisions are recognised when the company has a present obligation (legal or constructive) as a result of a past event, it is
probable that the company will be required to settle the obligation, and a reliable estimate can be made of the amount of the
obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the end of
the reporting period, taking into account the risks and uncertainties surrounding the obligation. When a provision is measured using
the cash flows estimated to settle the present obligation, its carrying amount Is the present value of those cash flows (when the
effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a
receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can
be measured reliably.

Contingent liabilities are disclosed in notes when there is a possible obligation that arises 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
entity.

2.18 Dividends

Provision is made for the amount of any dividend declared, being appropnately authorised and no longer at the discretion of the
enbty, on or before the end of the reporting period but not distributed at the end of the reporting period.

2.19 Financial instruments

2.19.1 Financial assets and financial liabilities

Financial assets and financial liabilities are recognised when a company entity becomes a party to the contractual provisions of the
instruments.

2.19.2 Initial recognition and measurement:

Financial assets and financial liabilities are initially measured at fair value. Transaction costs that are directly attributable to the
acquisition or issue of financial assets and financial liabilities (other than financial assets and financial liabilities at fair value through
profit or loss) are added to or deducted from the fair value of the financial assets or financial liabilities, as appropriate, on initial
recognition. Transaction costs directly attributable to the acquisition of financial assets or financial liabilities at fair value through
profit or loss are recognised immediately in statement of profit and loss.

2.19.3 Subsequent measurement:

- Financial assets at amortised cost

Financial assets are subsequently measured at amortised cost if these financial assets are held within a business whose objective is
to hold these assets in order to collect contractual cash flows and contractual terms of financial asset give rise on specified dates to
cash flows that are solely payments of pnncipal and interest on the pnncipal amount outstanding.

- Financial assets at fair value through other comprehensive income

Financial assets are measured at fair value through other comprehensive income if these Financial assets are held within
business whose objective is achieved by both collecting contractual cash flows on specified dates that are solely payments
of principal and interest on the pnncipal amount outstanding and selling financial assets.

- Financial assets at fair value through profit or loss

Financial assets are measured at fair value through profit or loss unless it measured at amortised cost or fair value through
other comprehensive income on initial recognition. The transaction cost directly attributable to the acquisition of financial
assets and liabilities at fair value through profit or loss are immediately recognised in the statement of profit and loss

• Financial liabilities

Financial liabilities are measured at amortised cost using effective interest method. For trade and other payables maturing
within one year from the balance sheet date, the carrying amounts approximate fair value due to the short maturity of
these instruments.

- Equity instruments

An equity instrument is a contract that evidences residual interest in the assets of the company after deducting all of its
liabilities. Equity instruments recognised by the company are recognised at the proceeds received net off direct issue cost.

2.20 Earning Per Share

Basic earning per share are computed by dividing profit and loss attributable to equity shareholders of the company by the
Weighted average number of equity shares outstanding during the year. The Company did not have any potentially dilutive
securities in the year.

2.21 Recent Accounting Pronouncements

Recent pronouncements Ministry of Corporate Affairs ("MCA") notifies new standard or amendments to the existing
standards under Companies (Indian Accounting Standards) Rules as issued from time to time. On March 21, 2023, MCA
amended the Companies (Indian Accounting Standards) Rules, 2015, applicable from April 1,2023, as below;

Ind AS 1 - Presentation of Financial Statements The amendments require companies to disclose their material accounting
policies rather than their significant accounting policies. Accounting policy information, together with other information, is
material when it can reasonably be expected to influence decisions of primary users of general purpose financial
statements. The Company does not expect this amendment to have any significant impact in its financial statements.

Ind AS 12 - Income Taxes

The amendments clarify how companies account for deferred tax on transactions such as leases and decommissioning
obligations. The amendments narrowed the scope of the recognition exemption in paragraphs 15 and 24 of Ind AS 12
(recognition exemption) so that it no longer applies to transactions that, on initial recognition, give rise to equal taxable
and deductible temporary differences. The Company has evaluated and the amendment and there is no impact on its
financial statements.

Ind AS 8 - Accounting Policies, Changes in Accounting Estimates and Errors

The amendments will help entities to distinguish between accounting policies and accounting estimates. The definition of
a change in accounting estimates has been replaced with a definition of accounting estimates. Under the new definition,
accounting estimates are "monetary amounts in financial statements that are subject to measurement uncertainty".
Entities develop accounting estimates if accounting policies require items in financial statements to be measured in a way
that involves measurement uncertainty. The Company does not expect this amendment to have any significant impact in
its financial statements

Securities Premium Reserve

Securities Premium Reserve is used to record the premium on Issue of shares. The reserve is utilised in accordance with the
provisions of the Act.

Reserve on Amalgamation

This reserve was created at the time of amalgamation and mergers earned out in earlier years. The reserve is utilised in accordance
with the provisions of the Act.

Retained Earnings

Retained earnings is a general reserve of a Company which are kept aside out of the Company’s profits to meet future (known or
unknown) obligations.

FVOCI Equity Investments

The Company has elected to recognise changes in the fair value of certain investments in equity securities in other comprehensive
income. These changes are accumulated within the FVOCJ equity Investment reserve within equity. The Company transfers
amounts from this reserve to retained earnings when the relevant equity securities are derecognised.

The information has been given in respect of such vendors to the extent they could be identified as "Micro and Small" enterprises on
the basis of information available with the Company.

Note No 34 Employee Benefits Plan

(a) Defined contribution plans

Contributions to Employee''s Regional provident Fund, Superannuation Fund, Employees Pension Scheme and Employee''s
state insurance are recognised as defined contribution plan. The company recognised ? 46.18 Lakhs for Employee''s Regional
provident Fund ( previous year * 38.43 Lakhs), ? NIL for Superannuation Fund ( previous year t NIL), l NIL for Employees
Pension Scheme ( previous year f NIL), * 0.35 Lakhs for Employee''s Welfare Fund ( previous year * 0.27 Lakhs) and * 0.51
Lakhs for Employee’s state insurance (previous year * 0.58 Lakhs)

(b) Defined benefit plan

The Company offers gratuity and leave encashment benefits, a defined employee benefit scheme of its employees.

The said benefit plan is exposed to actuarial risks as below:

Longevity Risk The present value of the defined benefit plan liability is calculated by reference to the best estimate of the
mortality of plan participants both during and after their employment. An increase in the life expectancy of the plan participants will
increase the plan’s liability.

Salary risk: The present value of the defined benefit plan liability is calculated by reference to the future salaries of plan
participants. As such, an increase in the salary of the plan participants will increase the plan''s liability.

Investment risk: The present value of the defined benefit plan liability is calculated using a discount rate determined by reference
to government/high quality bond yields; if the return on plan asset is below this rate, it will create a plan deficit.

Interest risk: A decrease in the bond interest rate will increase the plan liability; however, this will be partially offset by an increase
in the return on the plan''s debt investments.

Significant actuarial assumptions for the determination of the defined obligation are discount rate, expected salary increase and
withdrawal rate. The sensitivity analysis below have been determined based on reasonably possible changes of the respective
assumption occurring at the end of the reporting period, while holding all other assumptions constant.

If the discount rate increases by 1%, the defined benefit obligation would be 130.01 Lakhs as at March 31,2025.

If the discount rate (decreases) by 1%, the defined benefit obligation would be * 34.72 Lakhs as at March 31,2025.

If the expected salary growth increases by 1%, the defined benefit obligation would be ? 34.74 Lakhs as at March 31,2025.

If the expected salary growth (decreases) by 1%, the defined benefit obligation would be * 29.96 Lakhs as at March 31,2025.

If the expected withdrawal rate increases by 1%, the defined benefit obligation would be * 32.49 Lakhs as at March 31,2025.

If the expected withdrawal rate (decreases) by 1%, the defined benefit obligation would be * 31.89 Lakhs as at March 31,2025.

The sensitivity analysis presented above may not be representative of the actual change in the defined benefit obligation as it is
unlikely that the change in assumptions would occur in isolation of one another as some of the assumptions may be correlated.

Furthermore, m presenting the above sensitivity analysis, the present value of the defined benefit obligation has been calculated
using the projected unit credit method at the end of the reporting period, which is the same as that applied in calculating the defined
benefit obligation liability recognised in the balance sheet.

There was no change in the methods and assumptions used in preparing the sensitivity analysis from prior year
There has been no change in the process used by the Group to manage its risks from pnor periods.

The Company''s activities expose it to a variety of financial risks: market risk, credit risk and liquidity risk. The Company''s primary
focus is to foresee the unpredictability of financial markets and seek to minimize potential adverse effects on its financial
performance. The Board of Directors reviews and agrees policies for managing each of these risks, which are summarised below:

Market risk management

Market risk is the risk that the fair value or future cash flows of a financial instrument will fluctuate because of changes in market
prices. Such changes in the values of financial intruments may result from changes in the foreign currency exchange rates, interest
rates, credit, liquidity and other market changes. The Company''s exposure to market nsk is primarily on account of liquidity risk.

Liquidity Risk

The liquidity risk encompasses any risk that the Company cannot fully meet its financial obligations. To manage the liquidity risk,
cash flow forecasting is performed in the operating divisions of the Company and aggregated by Company finance. The
Company''s finance monitors rolling forecasts of the Company''s liquidity requirements to ensure it has sufficient cash to meet
operational needs while maintaining sufficient headroom on its undrawn committed borrowing facilities / overdraft facilities at all
times so that the Company does not breach borrowing limits or covenants (where applicable) on any of its borrowing facilities.

Credit risk refers to the risk that a counterparty will default on its contractual obligations resulting In financial loss to the Company.
Credit Risk to the company primarily arises from trade receivables. Credit risk also arises from cash and cash equivalents, financial
instruments and deposits with banks and financial Institutions and other financial assets

The Company has adopted a policy of only dealing with creditworthy counterparties and obtaining sufficient collateral, where
appropriate, as a means of mitigating the risk of financial loss from defaults. The Company only transacts with entities that are rated
equivalent of investment grade and above. The Company has an internal mechanism of determining the credit rating of the
customers and setting credit limits. Credit exposure is controlled by counterparty limits that are reviewed and approved by the risk
management committee annually. Ongoing credit evaluation is performed on the financial condition of accounts receivable.

Interest rate risk

Interest rate risk arises from borrowings. Debt issued at variable rates exposes the Company to cash flow risk. Debt issues at fixed
rates exposes the Company to fair value risk.

Interest rate risk Is the risk that the fair value of future cash Olows of the ?inancial instruments will Dluctuate because of changes
in market interest rates. The Company''s main interest rate risk arises from long-term borrowings with variable rates, which exposes
the Company to cash low interest rate risk.

NOTE N0.44 RELATIONSHIP WITH STRUCK OFF COMPANIES

The company do not have any transactions with company’s struck off under Section 248 of the Companies Act, 2013 or Section 560
of the Companies Act, 1956 during the year ended 31 st March 2025 (Previous year: Nil)

NOTE N0.45 DETAILS OF BENAMI PROPERTY HELD

The company do not have any property under Benami Transactions (Prohibition) Act, 1988 (45 of 1988) and rules made thereunder,
hence there are no proceedings against the company for the year ended 31st March, 2025 and also for the year ended 31st March,
2024

NOTE N0.46 DISCLOSURE IN RELATION TO UNDISCLOSED INCOME

The company do not have any such transactions which is not recorded in the books of accounts that has ben surrendered or
disclosed as income during the year ended 31st March, 2025 and also for the year ended 31st March, 2024 In the tax assessments
under Income Tax Act, 1961 (such as, search or survey or any other relevant provisions of the Income Tax Act, 1961).

NOTE N0.47 DETAILS OF CRYPTO CURRENCY OR VIRTUAL CURRENCY

The company have not traded or invested in crypto currency or virtual currency during the year ended 31st March, 2025 and also for
the year ended 31st March, 2024

NOTE NO.48 UTILISATION OF BORROWED FUND AND SHARE PREMIUM

The company have 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.

The company have not received any fund from any person(s) or entity(ies), including foreign entiteis (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 (ulitmate benericiarles)or (b) provide
any guarantee, security or the like on behalf of the ultimate beneficiaries.

NOTE NO.49 LOANS AND ADVANCES (REPAYABLE ON DEMAND OR WITHOUT SPECIFYING ANY TERMS OR PERIOD
OF REPAYMENT) TO SPECIFIED PERSONS

During the year ended 31st March 2025, the Company did not provide any loans or advances, which remains outstanding
(repayable on demand or without specifying any terms or period of repayment) to specified persons (Previous Year: NIL)

NOTE NO.50 REGISTRATION OF CHARGES OR SATISFACTION WITH REGISTRAR OF COMPANIES (ROC)

The company do not have any charges or satisfaction, which yet to be registered with ROC beyond the statutory period, during the
year ended 31st March, 2025 and also for the year ended 31st March, 2024

NOTE NO.51 WILFUL DEFAULTER

The company has not been declared wilful defaulter by any bank or financial institution or government or any government authontty
NOTE NO. Previous year/period figures have been re-grouped / re-classified wherever necessary.

In terms Of our report attached. For and on behalf of the Board of Directors

For Singla Tayal & Co.

Chartered Accountants
(Firm''s Reg no. 000882N)

CA Arpit Singla Madhu Mittal Ankur Goyal

Partner Managing Director Company Secretary

(MNo 508049) (DIN: 00006418) (Membership No. 26065)

UDIN:

Place: Fandabad Ansh Mittal Ravinder Panchal

Director Manager Accounts

Date: 29-05-2025 (DIN: 00W1986)

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Mar 31, 2024

2.17 Provisions

Provisions are recognised when the company has a present obligation (legal or constructive) as a resuft of a past event, it is probable that the company will be required to settle the obligation, and a reliable estimate can be made of the amount of the obligation.

The a mount recognised as a provision is the best estimate of tne consideration required to settle the present obligation at the end of the reporting period, taking into account the risks and uncertainties surrounding the obligation. When a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount Is the present value of those cash flows (when the effect of the time value of money is materia I).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certa in that reimbu rsement will be received and the amount of the receivable ca n be measured reliably.

Contingent liabilities are disclosed i n notes when the re is a passib Ic o bligation that a rises from past events a nd whose existence wi II be confirmed only by the occurrence or non-occurrence ot one or more uncertain future events not wholly within the control of the entity.

2.18 Dividends

Provision is made for the amount of any dividend declared, being appropriately authorised and no longer at the discretion of the entity, on or before the end of the reporting period but not distributed at the end of the reporting period.

2.19 Financial instruments

2.19.1 Financial assets and financial liabilities

Financial assets and financial I labilities are recognised when a company entity becomes a party to the contractual provisions of the instruments.

2.19.2 Initial recognition and measurement:

Financial assets and financial liabilities are initially measured at fair value, Transaction costs that are directly attributable to the acquisition or issue of financial assets a rtd fl nancial I iabil itles (other than frnanclal assets and flna ncia I liabilities at fai r va lue throug h profit or loss) are added to or deducted from the fair value of the financial assets or financial liabilities, as appropriate, on initial recognition. Transaction costs directly attributable to the acquisition of financial assets or financial liabilities at fair value through profit or loss a re recognised immediately in statement of profit and loss.

2.19.3 Subsequent measurement:

- Financial assets at amortised cost

Financial assets a re subsequently measured at a morti sed cost if these f i na nd a I a ssets are held withi n a business whose obj ective is to hold these assets in order to collect contractua I cash flows and contractual terms of fina ncia l asset g ive ri se on specified dates to cash flows that are solely payments of principal and interest on the principal amount ou tstandi ng.

- Fi ra ncial assets at Fa ir wa lue through other com preh er sive 1 ncome

Financial assets are measured at fair value through other comprehensive income if these financial assets are held within busi ness whose objective is a ch ieved by both coll ecting contractual cash flows on specified dates that are solely payments of principal and interest on the principal amount outstanding and selling financial assets.

- Financial assets at fair valueth rough profit or loss

Rnancial assets a ne measu red at fa ir val ue through profit or loss unless it measu red at amortised cost or fa ir val Lie through other comprehensive i ncome on ini tia! recognition. The transaction cost di rectly attri butable to the acqui siton of fi nano al assets a nd liabilities at fair va lue th rough profit or loss a re i mmed iately recognised in the statement of profit and loss

- Financial liabilities

Financial liabilities are measured at amortised cost using effective interest method. For trade and other payables maturing within one year from the balance sheet date, the carrying amounts approximate fair value due to the short maturity of these instruments.

- Equity instruments

An equity instrument is a contract that evidences residual interest in the assets of the company after deducting all of its liabilities. Equity instruments recognised by the company are recognised at the proceeds received net off direct issue cost.

2.20 Earning PerShare

Basic earn ing per share a re com puled by dividing profit and loss attri butable to eq uity sha reholders of the company by the We ighted average n um ber of equ ity shares o utstandi ng d uri ng the year. The Company did not have any potentia lly di lubve securities in the year.

2.21 Recent Account!ng Pranouneements

Recent pronouncements Ministry of Corporate Affairs ("''MCA¹'') notifies new standard or amendments to the existing standards under Companies (Indian Accounting Standards) Rules as issued from time to time. On March 21, 2023, MCA amended the Companies (Indian Accounting Standards) Rules, 2015, applicable from April l, 2023, as below:

Tnd AS 5 - The amendments clarify the distinction between changes in accounting estimates and changes in accounting policies and the correction of errors. It has also been clarified how entities use measurement techniques and input to develop accounting estimates. These amendments had no impact on the financial statements of the Company.

Tnd AS 1 - Disclosure of Accounting Policies

The amendments aim to help entities provide accounting policy disclosures that are more useful by replacing the requirements for entities to disclose their ''significant¹ accounting policies with a requirement to disclose their ''material'' accounting policies and adding guidance on how entities apply the concept of materiality in making decisions about accounting policy disclosures. The amendments have had an impact on the Company''s disclosures of accounting policies, but noton the measurement, recognition or presentation of any items in the Company''s financial statements.

The Information has been g iven in respect of such venclo rs to the extent they could be identified as" Micro and Smal I" enterprises on the basis of information a vai labie with the Company.

Mote No 34 Employee Benefits Plan

(a) Defined contri button plans

Contributions to Employee''s Regional provident Fund, Superannuation Fund, Employees Pension Scheme and Employee''s state insurance are recognised as defined contribution plan. The company recognised ¥ 38.43 Lakhs for Employee''s Regional president Fund (previous year ¥ 34.90 Lakhs), ¥ NIL for Superannuation Fund (previous year ¥ NIL), ¥ NIL for Employees Pension Scheme ( previous year ¥ NIL), ¥ 0.27 Lakhs for Employee''s Welfare Fund { previous year ¥ 0.23 Lakhs ) and ¥ 0.5B La khs tor Em play ee''s state msu ranee ( previous year ¥ 0,66 Lakhs)

(b) Defined benefitplan

The Com pa ny offers gratu ity and leave encashment benefits, a defined em ployee benefit scheme of its employees.

The said benefit plan is exposed to actuarial risks as below:

Longevity Risk The present value of ttve defined benefit plan liability is calculated by reference to the best estimate of the mortality of plan participants both during and after their employment. An increase in the life expectancy of the plan participants will increase th e pla n''s liabi lity.

Salary risk: The present value of the defined benefit plan liability is calculated by reference to the future salaries of plan pa rticipants. As such, an increase i n the salary of the pla n partici pants wil I increase the plan''s liabi li ty.

Investm er t risk: The present value of the defi ned benefit plan Ha bi lity is ealeu lated using a discount rate determ ined by reference to g overn mentyhigh q ual ity bond yield s; if the reto rn an pla n asset is below this rate, it wil I create a plan deficit.

Interest risk: A decrease in the bond interest rate will increase the plan liability: however, this will be partially offset by an increase in the return on the plan^ debt investments.

Fair value hierarchy

The fai r value h ierarchy is based on i nputs to valuation techniq ues that are u sed to measure fai r va lue that are either observab le or u nobsecvable and consist of the follow incj three levels:

Level 1 - Quoted prices (unadjusted) i a active ma rkets for identical assets or I iabil ities

Level 2 - Inputs other than quoted prices I rtcl uded within Level l that are observe ble for the asset or IabilIty, either dIrectty (I ,e. as prices) or indirectly (i,e- derived from prices).

Level 3 ¦ Inputs for the assets or liabilities that are not based on observa ble market data [unobserva ble inputs).

Fa ir vat ue of the Group''s fina nc i a I assets and financial liabilities that a re mea su red at Fai r value ona rccu r ri n g ba sis

Some of the Company’s financial assets and financial liabilities are measured at fair value at the end of each reporting period. The following table gives information about how the fair values of these financial assets and financial liabilities are determined (in pa rticu lar, the valuation techniques) and i nputs used).

The Company''s activities expose it to a variety of financial risks: market risk, credit risk and liquidity risk. The Company''s primary focus is to foresee the unpredictability of financial markets and seek to minimize potentiel adverse effects on its financial performance. The Board of Directors reviews and agrees policies for maneg ing each of these risks, which are summarised below:

Market risk management

Market risk is the risk that the fair value or future cash flows of a financial instrument will fluctuate because of changes in market prices. Such changes in the values of financial intruments may result from changes in the foreign currency exchange rates, interest rates, credit, liquidity and other ma rket chaages. The Compaay''s exposure to market risk is primarily on accou nt of liquidlty risk.

Liquidity Risk

The liquidity risk encompasses any risk that the Company cannot fully meet its financial obligations. To manage the liquidity risk, cash Hdw forecasting is performed in the operating divisions of the Company and aggregated by Company finance. The Company^ finance monitors roiling forecasts of the Company''s liquidity requirements tu ensure It has sufficient cash to meet operational needs while maintaining sufficient headroom on its undrawn committed borrowing facilities / overdraft facilities at all times so that the Company does not breach borrowing limits or covenants (where applicable) on any of its borrowing facilities.

Credit risk refers tD the risk that a counterparty will default on its contractual obligations resulting in financial loss to the Company. Oed It Risk to (he company primarily arises from trade receivables, Credit risk a Iso arises from cash and cash eg uivalents, financial instruments and deposits with banks and financial institutions and other financial assets

The Company has adopted a policy bf only dealing with creditworthy counterparties and obtaining sufficient collateral, where a ppropriate, as a means of mitigating the risk of Anandal loss from defaults- The Company on ly transacts with entities that are rated equivalent of investment grade and above. The Company has an internal mechanism of determining the credit rating of the customers and setting credit limits. Credit exposure is controlled by counterparty limits that are reviewed and approved by the risk management committee annually, Ongoing credit evaluation is performed on the financial condition of accounts receivable.

Interest rate risk

interest rate risk arises from borrowings. Debt issued at variable rates exposes the Company to cash flow risk. Debt issues at Axed rates exposes the Company to fair value risk.

Interest rate risk is the risk that the fair value of future cash lows of the financial instruments will luctuate because of changes in market interest rates. The Company''s main interest rate risk anses from long-term borrowings with variable rates, which exposes the Company to cash low Interest rate risk.

NOTE M 0 A4 RE LATION SHIP WITH STRUCK OFF COM PAN IES

The company do not have any transactions with company''s struck oft u nder Section 24B of the Com pani es Act, 2013 or Section 5 60 of the Compan ies Act, 1356 during the year ended 31 st Ma rch 2024 (Prev ious year; Mi I)

NOTE NO. 45 DETAILS OF BEN AMI PROPERTY HELD

The company do not have any property under BenamiTra reactions (Prohibition) Act, 1989 (45 of 1988} and rules made thereunder, hence there a re no pnoceedi ngs agai nst the company for the year ended 31st Ma rch, 2624 a nd a Iso for the yea r ended 31 st March, 2023

NOTE N 0.46 DISCLOSURE IN R E LATION TO J N DISC LOSE DIN CO M E

The company do not have any such transactions which is not recorded in the books of accounts that has ben surrendered or disclosed as income during the yea r ended 31st Ma rch, 2024 and also for the year ended 31 st March, 202 3 in the tav assessments under Income Tax Act, 1961 (such as, search gr survey orariy other relevant provisions gfthe IncgmeTaKAct, 1961).

NOTE N0.47 DETAILS OF CRYPTOCURRENCY OR VIRTUAL CURRENCY

The company have not traded or invested In crypto currency or virtual currency during the yeat ended 3lst March, 2024 and also for the year ended 31st March, 2023

NOTE NO,48 UTILISATION OF BORROWED FUND AND SHARE PREMIUM

The company have not advanced or loaned or invested funds to any other person(s) or entityfies), including foreign entitiesfi 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 I ike to or on behalf of the ultimate beneficiaries.

The company have not received any fond from any personas) or entity(ies), including foreign entiteis (funding party) with the understanding (whether reoorded in writing Dr 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 (ulitmata beneficiaries]or (b) provide any gua ra ntee, secu rlty or the li ke on behalf of the ultimate beneficiaries.

MOTE NO. 49 LOANS AND ADVANCES {REPAYABLE ON DEMAND OR WITHOUT SPECIFYING ANY TER MS OR PERIOD OF REPAYMENT) TO SPECIFIED PERSONS

During the year en ded 31 st March 20-24, the Company d id not pravid e any loa ns or advances, which rema ins outstand ing (repaya ble on dema nd or without specify ing a ny terms or period of repayment] to specified persons (Previous Year: NIL)

N DTE NO. 5 0 R EG 1ST RATI O N OF CHA RGES OR SATISFACTION WITH REGISTRAR O F CO M PANIES {ROC)

The company do not have any change or satisfaction, which yet to be registered with RQC beyond the statutory period, during the yea r ended 31 st M arch, 2024 and a Iso for the year ended 31st March, 2023

NOTE NO.51 WILFUL DEFAULTER

The oompany has not been declared wilful defaulter by any bank or Hnandal Institution or government or any government authority NOTE NO.52 Previous year/period figures have been re-grouped / re-classified wherever necessary.

In terms of our report attached.

For Sing I a Taya-I & Co.

Chartered Accountants (Firm''s Reg no. D00&B2N)

CA Arpit Single

Partner

(M.No. 5QS049)

UDIN:

Place: Faridabad Date: 3Q-0 5-2024

1

nd AS 1 2 - Deferred Tax related to Assets a nd Lia bifities arisi ng from a Si ngle Transaction

The amendments narrow the scope of the initial recognition exception under Ind AS 12, so that it no longer applies to transactions that give rise to equal taxable and deductible temporary differences such as leases, These amendments had no im pact on the financial statements of the Company. There are no standa rds that a re notified a nd not yet effective as on the date.

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Mar 31, 2018

Note A

Pursuant to the scheme, the Company allotted 542,899 (674,360 - 131,461) equity shares to shareholders of Minihyd Hydraulics Limited in the ratio of 40 equity shares of Rs. 10/- each fully paid up for every 1 share of Rs. 100/- fully paid up each held by shareholders in that Company as at 1st April, 2016 being the appointed date for issue of equity shares by the Company. Being 131,461 shares already held by Minihyd Hydraulics Limited of the Company.

Note B

Ganpati Handtex Pvt. Ltd. is a wholly owned subsidiary of the company and hence, the entire share capital of the company is held by Cenlub Industries Limited. Upon the scheme of merger being effective, the entire share capital of the company shall stand cancelled/extinguished automatically.

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Mar 31, 2015

1. Company overview

Cenlub Industries Limited is an engineering company primarily engaged in designing, engineering, manufacturing, supply, installation and erection of Lubrication systems.

2. The Company has only one class of shares referred to as equity shares having a par value of Rs. 10. Each holder of equity shares is entitled to one vote per share.

3. The Company has not declares any dividend during the year.

Secured By

i) Hypothecation of Stocks of Raw material, Stocks - In Process & Finished Goods, Plant & Machinery

ii) Equitable Mortgage of Land, building at Faridabad, Thane, Bangaluru & Pune and pledge of Fixed deposits of Rs. 1.00 Cr.

iii) Guaranteed by (5) Directors, Minihyd Hydraulics Ltd., Ganpati Handtex Pvt. Ltd.

4. Contigent liability not provided for:-

a) Claims against the company not acknowledged as liabilities in respect of:

Particulars 31.3.2015 31.3.2014

Sales Tax Matters 823,523 823,523

Less: Advance Paid 247,057 247,057

576,466 576,466

b) In respect of Bank Guarantees given by Bank for Rs. 172.89 Lacs (previous year Rs.163.14 Lacs).

5. As required by Accounting Standard (AS 28)"impairment of Assets", the management has carried out the assessment of impairment of assets and no impairment loss has been recognised during the year other than the assets discarded/ dismantled and written off to Profit and loss account.

6. Information regarding capacity,production,sales & closing stocks :

a) Licensed Capacity

The Central Government has not prescribed the Licensed Capacity of the Company

Installed Capacity

It depends on product mix and in view of the varied nature of products, installed capacity can not be specified

7. Previous year figures have been regrouped/rearranged wherever considered necessary.

8. Balance Confirmations:

Sundry Debtors, Loans & Advances and Creditors balances are subject to confirmation, reconciliation and consequent adjustment, if any.

9. Segment Reporting

The Company's operating business is organised and managed according to a single primary reportable business segment namely 'Lubrication systems . Accordingly, information relating to segmental reporting as per Accounting Standard-17 is not required to be furnished.

10. Related Party Disclosures:

Related party disclosures as required by AS-18 Related Party Disclosures " are given below:- 1. Relationship

(i) Subsidiaries Ganpati Handtex Pvt. Ltd. (Since 14/09/2011)

(ii) Joint Venture/Joint Control & Associates NIL

(iii) Key management personnel :-

a. ) Mr. V.K.MITTAL - Managing Director

b. ) Mr. V.K.GUPTA - Whole Time Director

c. ) Mr. AMAN MITTAL - Whole Time Director

d. ) Mrs. MADHU MITTAL - Whole Time Director

e. ) Mr. ANSH MITTAL - Whole Time Director

Relatives of key management personnel ( With whom transactions have taken place) :- Swati Mittal

(iv) Other related parties :-Minihyd Hydraulics Ltd

Shree Ganpati Boxmaker Pvt. Ltd.

11. Employee Benefits

Provision for Gratuity & Leave encashment has been made by management's own calculation & not by Actuary valuation which is required as per Accounting Standard No. 15.

12. No Interest has been paid/ provided on credit from Micro, Small & Medium enterprises as no amount was overdue at any time.

13. Depreciation has been provided as per Scheduoe XIV of the Compnies Act, 1956. As per the management depreciation as per Schedule II of the Companies Act, 2013 will be provided from the FY 2015-16 onwards.

---

Mar 31, 2014

1. NOTE:

1 The Company has only one class of shares referred to as equity shares having a par value of Rs. 10. Each holder of equity shares is entitled to one vote per share.

2 The Company has not declares and dividend during the year

2. Contigent liability not provided for:-

a) Claims against the company not acknowledged as liabilities inrepect of:

Particulars 31.3.2014 31.3.2013

Sales Tax Matters 823,523 -

Less: Advance Paid 247,057 -

576,466 -

b) In respect of Bank Guarantees given by Bank for Rs. 163.14 Lacs (previous year Rs.106.49 Lacs).

3. As required by Accounting Standard (AS 28)"impairment of Assets", the management has carried out the assessment of impairment of assets and no impairment loss has been recognised during the year other than the assets discarded/ dismantled and written off to Profit and loss account.

4. Previous year figures have been regrouped/rearranged wherever considered necessary.

5. Balance Confirmations:

Sundry Debtors, Loans & Advances and Creditors balances are subject to confirnation, reconciliation and consequent adjustment, if any.

6. Segment Reporting

The Company''s operating business is organised and managed according to a single primary reportable business segment namely ''Lubrication systems ". Accordingly, information relating to segmental reporting as per Accounting Standard-17 is not required to be furnished.

7. Employee Benefits

Provision for Gratuity & Leave encashment has been made by management''s own calculation & not by Actuary valuation which is required as per Accounting Standard No. 15.

8. No Interest has been paid/ provided on credit from Micro, Small & Medium enterprises as no amount was overdue at any time.

---

Mar 31, 2013

1. Company overview

Cenlub Industries Limited is an engineering company primarily engaged in designing, engineering, manufacturing, supply, installation and erection of Lubrication systems.

2 Contigent liability not provided for:-

a) In respect of Bank Guarantees given by Bank for Rs. 106.49 Lacs (previous year Rs.123.38 Lacs).

b) Corporate Guarantee given to SIDBI in favour of a subsidary M/s Ganpatii Handtex Pvt. Ltd. Rs. 485 Lacs (Pr. Year 485 Lacs)

3 As required by Accounting Standard (AS 28)"impairment of Assets", the management has carried out the assessment of impairment of assets and no impairment loss has been recognised during the year other than the assets discarded/ dismantled and written off to Profit and loss account

4 Information regarding capacity,production,sales & closing stocks :

a) Licensed Capacity

The Central Government has not prescribed the Licensed Capacity of the Company

Installed Capacity

It depends on product mix and in view of the varied nature of products, installed capacity can not be specified

5 Previous year figures have been regrouped/rearranged wherever considered necessary.

6 Balance Confirmations:

Sundry Debtors, Loans & Advances and Creditors balances are subject to confirnation, reconciliation and consequent adjustment, if any.

7 Segment Reporting

The Company''s operating business is organised and managed according to a single primary reportable business segment namely '' Lubrication systems ''''. Accordingly, information relating to segmental reporting as per Accounting Standard-17 is not required to be furnished.

8 Related Party Disclosures:

Related party disclosures as required by AS-18 '''' Related Party Disclosures " are given below:-

1. Relationship

(i) Subsidiaries Ganpati Handtex Pvt. Ltd. (Since 14/09/2011

(ii) Joint Venture/Joint Control & Associates NIL

(iii) Key management personnel :- a.) Mr. V.K.MITTAL - Managing Director b.) Mr. V.K.GUPTA - Whole Time Director c.) Mr. AMAN MITTAL - Whole Time Director d.) Mrs. MADHU MITTAL - Whole Time Director e.) Mr. ANSH MITTAL - Whole Time Director

Relatives of key management personnel ( With whom transactions have taken place) :- None

(iv) Other related parties :-Minihyd Hydraulics Ltd

9 Employee Benefits

Provision for Gratuity & Leave encashment has been made by management''s own calculation & not by Actuary valuation which is not in conformity with Accounting Standard No. 15.

10 No Interest has been paid/ provided on credit from Micro, Smal & Medium enterprises as no amount was overdue at any time.

---

Mar 31, 2012

The accompanying notes are an integral part of the financial statements

NOTE:

1 The Company has only one days of shares referred to as equity shares having a par value of Rs. 10. Each holder of equity shares Is entitled to one vote per share.

2 The Company declares and pays dividend in Indian rupees. The dividend proposed by the Board of Directors is subject to the approval of the shareholders in the ensuing Annual General Meeting.

3 During the year ended March 31, 2012, the amount of dividend per share recognized as distribution to equity shareholders is Rs. 2.50/- (previous year Rs. 2.50/-). The total dividend appropriation for the year ended March 31, 2012 amounted to Rs. 119.71 lacs (previous year Rs. 119.71 lacs) inducing corporate dividend tax of Rs. 16.71 lacs (previous year Rs. 16.71 lacs).

Secured By

I] Hypothecation of Stocks of Raw material, Stocks - In Process & Finished Goods, Plant & Machinery i) Equitable Mortgage of Land, building at Faridabad, Thane & Pune and pledge of Fixed deposits of Rs. 0.79 Crone V) Guaranteed by Directors. Mlnlhvd Hydraulics Pvt. Ltd.

NOTE

A Fixed deposits under lean marked in favour of the bank for CC limits & bank guarantee which are not available for use of the company

1 Confluent liability not provided for:-

a) In respect of Bank Guarantees given by Bank for Rs. 123.38 Lacs (previous year Rs.74.24 Lacs).

b) Corporate Guarantee given to SIDBI In favour of a subsidiary M/s Ganpatll Handtex Pvt. Ltd. Rs. 485 Lacs (Pr. Year Nil)

2 As required by Accounting Standard (AS 28)"impairment of Assets", the management has carried out the assessment of Impairment of assets and no impairment loss has been recognized during the year other than the assets discarded/ dismantled and written off to Profit and loss account

3 Information regarding capacity, production, sales ft closing stocks :

a) Licensed Capacity

The Central Government has not prescribed the Licensed Capacity of the Company

Installed Capacity

It depends on product mix and In view of the varied nature of products, Installed capacity cannot be specified

NOTE

1. Related party relationship is as identified and certified by the Management.

2. No amount has been provided as doubtful debts, written off or written back In the year In respect of debts due to above related parties.

4 Being the first year of consolidated finial statements, previous year figures and Cash flow statement Is not given

5 Balance Confirmations:

Sundry Debtors, Loans & Advances and Creditors balances are subject to confirmation, reconciliation and consequent adjustment, If any.

6 Segment Reporting

The Company's operating business Is organized and managed according to a single primary reportable business segment namely ' Lubrication systems ". Accordingly, information relating to segmental reporting as per Accounting Standard-17 is not required to be furnished.

7 Related Party Disclosures:

Related party disclosures as required by AS-18 " Related Party Disclosures " are given below:-

1. Relationship

0 Joint Ventuie/Joint Control 8i Associates NIL

(ii) Key management personnel :-

a.) Mr. V.K. MITTAL - Managing Director

b.) Mr. V.K.GUPTA - Whole Time Director

c.) Mr. AMANMUTAL-Whole Time Director

d.) Mrs. MADHU MITTAL-Whole Time Director

e.) Mr. ANSH MnTAL-Whole Time Director

Relatives of key management personnel {With whom transactions have taken place)None

(iii) Other related parties :-Minihyd Hydraulics (P) Ltd

NOTE :-

1. Related party relationship Is as Identified and certified by the Management.

2. No amount has been provided as doubtful debts written off or written back In the year In respect of debts due to above related parties.

8 Previous year figures have been regrouped/rearranged wherever considered necessary.

9 Balance Confirmations:

Sundry Debtors, Loans & Advances and Creditors balances are subject to confirmation, reconciliation and consequent adjustment, if any.

10 Segment Reporting

The Company's operating business is organized and managed according to a single primary reportable business segment namely ' Lubrication systems ". Accordingly, information relating to segmental reporting as per Accounting Standard-17 Is not required to be furnished.

11 Employee Benefits

Provision for Gratuity & Leave encashment has been made by management's own calculation & not by Actuary valuation which is not in conformity with Accounting Standard No. 15.

12 Provision for leave encashment liability up to 31/03/2011 not provided so far has been booked in opening surplus & not through Profit & Loss A/c.

---

Mar 31, 2010

1. The names of small scale Industries to whom the company owes any sum together with interest out-standing for more than thirty days are:-

Minihyd Hydraulics (P) Ltd.

Deep Automation

Switzer Instrument Ltd.

Ellecha Engineering Products

R K Control Instruments P Ltd.

SBEM PVT LTD

Paul Machine Tools

Hyfit Engineers

Jammu Timber Stores

Nirmal Industrial Controls P Ltd.

Flexpro Electricals P Ltd.

Floster Engineers P Ltd.

U T Pump & Systems (P) Ltd.

H T A Instrumentation Pvt. Ltd.

Trulock Hydromatics P. Ltd.

H P Valves & Fittings India P Ltd.

Payment against supplies from S.S.I. are generally made in accordance with agreed terms. However as per Management, there are no claims from parties for interest on overdue payments.

2. As required by Accounting Standard (AS 28)"impairment of Assets", the management has carried out the assessment of impairment of assets and no impairment loss has been recognised during the year other than the assets discarded/dismantled and written off to profit and loss account

3. Information regarding capacity,production,sales & closing stocks :

a) Licensed Capacity

The Central Government has not prescribed the Licensed Capacity of the Company

Installed Capacity

It depends on product mix and in view of varied nature of products the installed capacity cannot be specified.

4. Refer Annexure for additional information pursuant to part IV of Schedule VI to the Companies Act 1956.

5. Previous year figures have been regrouped/rearranged wherever considered necessary.

6. Balance Confirmations :

Sundry Debtors, Loans & Advances and Creditors balances are subject to confirnation, reconciliation and consequent adjustment, if any.

7. Segment Reporting

The Companys operating business is organised and managed according to a single primary reportable business segment namely Lubrication systems . Accordingly, information relating to segmental reporting as per Accounting Standard-17 is not required to be furnished.

17. Related Party Disclosures:

Related party disclosures as required by AS-18 "Related Party Disclosures" are given below:-1. Relationship

(i) Subsidiaries / Holding Companies NIL

(ii) Joint Venture/Joint Control & Associates NIL

(iii) Key management personnel :-

a.) Mr. VIJENDRA KUMAR MITTAL - Managing Director

b.) Mr. VIRENDRA KUMAR GUPTA - Whole Time Director c.) Mr. AMAN MITTAL - Whole Time Director

d.) Mrs. MADHU MITTAL - Whole Time Director

e.) Mr. ANSH MITTAL - Whole Time Director Relatives of key management personnel ( With whom transactions have taken place) :- None

(iv) Other related parties :- Minihyd Hydraulics (P) Ltd