Notes to Accounts of Dhoot Industrial Finance Ltd.

Mar 31, 2025

vii) Provisions. Contingencies and Commitments

Provisions: Provisions are recognised when there is a present obligation as a result of a past event,
it is probable that an outflow of resources embodying economic benefits will be required to settle the
obligation and there is a reliable estimate of the amount of the obligation. Provisions are measured at the
best estimate of the expenditure required to settle the present obligation at the Balance Sheet date and
are not discounted to its present value.

Contingent Liabilities: Contingent liabilities are disclosed when there is a possible obligation arising
from past events, the existence of which will be confirmed only by the occurrence or non-occurrence
of one or more uncertain future events not wholly within the control of the Company or a present
obligation that arises from past events where it is either not probable that an outflow of resources will
be required to settle or a reliable estimate of the amount cannot be made.

viii) Cash and Cash Equivalents

Cash and cash equivalents include cash & cheques in hand and bank balances.

ix) Income Tax

Tax expense is the aggregate amount included in the determination of profit or loss for the period in
respect of current tax and deferred tax.

Current tax:

Current tax is the amount of income taxes payable in respect of taxable profit for a period. Taxable profit
differs from ‘profit before tax'' as reported in the Statement of Profit and Loss because of items of
income or expense that are taxable or deductible in other years and items that are never taxable or
deductible under the Income Tax Act, 1961.

Current tax is measured using tax rates that have been enacted by the end of reporting period for the
amounts expected to be recovered from or paid to the taxation authorities.

Deferred tax:

Deferred tax is recognized on temporary differences between the carrying amounts of assets and
liabilities in the financial statements and the corresponding tax bases used in the computation of taxable
profit under Income Tax Act, 1961.

Deferred tax liabilities are generally recognized for all taxable temporary differences. However, in case
of temporary differences that arise from initial recognition of assets or liabilities in a transaction (other
than business combination) that affect neither the taxable profit nor the accounting profit, deferred tax
liabilities are not recognized. Also, for temporary differences if any that may arise from initial recognition
of goodwill, deferred tax liabilities are not recognized.

Deferred tax assets are generally recognized for all deductible temporary differences to the extent it is
probable that taxable profits will be available against which those deductible temporary difference can
be utilized. In case of temporary differences that arise from initial recognition of assets or liabilities in a
transaction (other than business combination) that affect neither the taxable profit nor the accounting
profit, deferred tax assets are not recognized.

The carrying amount of deferred tax assets is reviewed at the end of each reporing period and reduced
to the extent that it is no longer probable that sufficient taxable profits will be available to allow the
benefits of part or all of such deferred tax assets to be utilized.Deferred tax assets and liabilities are
measured at the tax rates that have been enacted or substantively enacted by the Balance Sheet date
and are expected to apply to taxable income in the years in which those temporary differences are
expected to be recovered or settled.

Presentation of current and deferred tax:

Current and deferred tax are recognized as income or an expense in the statement of Profit and Loss,
except when they relate to items that are recognized in Other Comprehensive Income, in which case,
the current and deferred tax income/expense are recognized in Other Comprehensive Income.

The company offsets current tax assets and current tax liabilities,where it has legally enforceable right
to setoff the recognized amounts and where it intends either to settle on a net basis, or to realize the
asset and settle the liability simultaneously. In case of deferred tax assets and deferred tax liabilites, the
same are offset if the company has a legally enforceable right to set off corresponding current tax

assets against current tax liabilities and the deferred tax assets and deferred tax liabilities relate to
income taxes levied by the same tax authority on the Company.

x) Earnings Per Share

Basic earnings per share is 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.
Earnings considered in ascertaining the Company''s earnings per share is the net profit for the period
after deducting preference dividends and any attributable tax thereto for the period. The weighted
average number of equity shares outstanding during the period and for all periods presented is adjusted
for events, such as bonus shares, other than the conversion of potential equity shares, that have
changed the number of equity shares outstanding, without a corresponding change in resources. 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 is
adjusted for the effects of all dilutive potential equity shares.

xi) Lease

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the
risks and rewards of ownership to the lessee. All other leases are classified as operating leases.

In respect of operating leases, lease rentals are recognized as an expense in the Consolidated Statement
of Profit and Loss

on straight line basis over the lease term unless

i) Another systematic basis is more representative of the time pattern in which the benefit is derived
from leased asset ;

or

ii) The payments to the lessor are structured to increase in line with the expected general inflation to
compensate the lessor''s expected inflationary cost increases.

xii) Cash flow statement

Cash flows are reported using the indirect method, whereby profit for the period is adjusted for the
effects of transactions of a non-cash nature, any deferrals or accruals of past or future operating
cash receipts or payments and item of income or expenses associated with investing or financing cash
flows. The cash flows from operating, investing and financing activities of the Company are segregated.

xiii) Segment Reporting

Operating segments are reported in a manner consistent with the internal reporting provided to the chief
operating decision maker (CODM) of the Company. The CODM is responsible for allocating resources
and assessing performance of the operating segments of the Company.

The Company has two operating and reporting segments namely, Trading, and Others. Trading segments
include all trading activities of Chemicals, Nickel and Copper. Segments have been identified in line with
Indian Accounting Standard-108, taking into account quantitative thresholds

xiv) Employee Benefits

Short Term Employee Benefits:

All employee benefits payable wholly within twelve months of rendering the service are classified as
short term employee benefits and they are recognized in the period in which the employee renders the
related service.

Post Employment Benefits like Provident Fund Scheme, Gratuity Scheme, Pension Scheme and Post¬
Retirement Medical benefit plan; Other Long Term Employee Benefits like Long- Service leave, Long¬
term disability benefits & Termination benefits are not applicable to company.

xv) Events after Reporting date

Where events occurring after the Balance Sheet date provide evidence of conditions that existed at the
end of the reporting period, the impact of such events is adjusted within the financial statements.
Otherwise, events after the Balance Sheet date of material size or nature are only disclosed.

xvi) Capital WIP

Capital work in progress and Capital advances:Cost of assets not ready for intended use, as on
the Balance Sheet date, is shown as capital work in progress. AdvancesAdvance given towards
acquisition of fixed assets outstanding at each Balance Sheet date are disclosed as Other Non-Current
Assets.

xvii) Fair Value

The Company measures financial instruments at fair value in accordance with the accounting policies
mentioned above. Fair value is the price that would be received to sell an asset or paid to transfer a
liability in an orderly transaction between market participants at the measurement date. The fair value
measurement is based on the presumption that the transaction to sell the asset or transfer the liability
takes place either:All assets and liabilities for which fair value is measured or disclosed in the financial
statements are categorized within the fair value hierarchy that categorizes into three levels, described
as follows, the inputs to valuation techniques used to measure value. The fair value hierarchy gives the
highest priority to quoted prices in active markets for identical assets or liabilities

(Level 1 inputs) and the lowest priority to unobservable inputs (Level 3 inputs).

Level 1 — quoted (unadjusted) market prices in active markets for identical assets or liabilities

Level 2 — inputs other than quoted prices included within Level 1 that are observable for the asset or
liability, eitherdirectly or indirectly

Level 3 — inputs that are unobservable for the asset or liability

xviii) Key accounting estimates

The preparation of the Company''s financial statements requires the management to make judgements,
estimates and assumptions that affect the reported amounts of revenues, expenses, assets and
liabilities, and the accompanying disclosures,and the disclosure of contingent liabilities. Uncertainty
about these assumptions and estimates could result in outcomes that require a material adjustment to
the carrying amount of assets or liabilities affected in future periods.

Critical accounting estimates and assumptions

The key assumptions concerning the future and other key sources of estimation uncertainty at the
reporting date, that have a significant risk of causing a material year, are described below:

Income taxes

The Company''s tax jurisdiction is India. Significant judgements are involved in estimating budgeted
profits for the purpose of paying advance tax, determining the provision for income taxes, including
amount expected to be paid/recovered for uncertain tax positions.

Property,Plant and Equipment

Property, Plant and Equipment represent a significant proportion of the asset base of the Company. The
charge in respect of periodic depreciation is derived after determining an estimate of an asset''s
expected useful life and the expected residual value at the end of its life. The useful lives and residual
values of Company''s assets are determined by the management at the time the asset is acquired and
reviewed periodically, including at each financial year end. The lives are based on historical experience
with similar assets as well as anticipation of future events, which may impact their life, such as
changes in technical or commercial obsolescence arising from changes or improvements in production
or from a change in market demand of the product or service output of the asset.

Fair Value measurements of Financial Instruments

The fair values of financials assets and financial liabilities recorded in the Balance Sheet is measured
based on quoted prices in active markets.

Note 20 Offsetting the financial assets and financial liabilities

The following table presents the recognised financial instruments that are offset, or subject to enforceble
master netting arrangement and other similar but not offset, as at 31st March 2025, 31st March 2024 .
The column ‘net amount'' shows the impact on the group''s balance sheet if all set-off rights were
excerised.

Level 3: If one or more of the significant inputs is not based on observable market data, the instrument
is included in level 3. This is the case for unlisted equity securities, contingent consideration and
indemnification asset included in level 3. There are no transfers between levels 1 and 2 during the year.
The Company''s policy is to recognise transfers into and transfers out of fair value hierarchy levels as
at the end of the reporting period.

Specific valuation techniques used to value financial instruments include:

• the use of quoted market prices or dealer quotes for similar instruments;

• the fair value of the remaining financial instruments is determined using discounted cash flow
analysis;All of the resulting fair value estimates are included in level 2 except for unlisted equity
securities, contingent consideration and indemnification asset, where the fair values have been
determined based on present values and the discount rates used were adjusted for counterparty
or own credit risk.

Note 21b Financial Risk Management - Objectives and Policies

The Company''s financial liabilities comprise mainly of borrowings, trade payables and other payables.
The Company''s financial assets comprise mainly of investments, cash and cash equivalents, other
balances with banks, loans, trade receivables and other receivables. The Company is exposed to
Market risk, Credit risk and Liquidity risk. The Board of Directors (‘Board'') oversee the management of
these financial risks. The Risk Management Policy of the Company formulated by the Management and
approved by the Board, states the Company''s approach to address uncertainties in its endeavour to
achieve its stated and implicit objectives. It prescribes the roles and responsibilities of the Company''s
management, the structure for managing risks and the framework for risk management. The framework
seeks to identify, assess and mitigate financial risks in order to minimize potential adverse effects on the
Company''s financial performance.The following disclosures summarize the Company''s exposure to
financial risks and information regarding use of derivatives employed to manage exposures to such
risks. Quantitative sensitivity analysis have been provided to reflect the impact of reasonably possible
changes in market rates on the financial results, cash flows and financial position of the Company.

1) Credit Risk

Credit risk arises from cash and cash equivalents, investments carried at amortised cost and
deposits with banks and financial institutions, as well as credit exposures to wholesale customers
including outstanding receivables.

Credit risk management

The Company has adopted a policy of only dealing with counterparties that have sufficiently high
credit rating. The Company''s exposure and credit ratings of its counterparties are continuously
monitored and the aggregate value of transactions is reasonably spread amongst the
counterparties.Credit risk arising from investment in mutual funds and other balances with banks
is limited and there is no collateral held against these because the counterparties are banks and
recognised financial institutions with high credit ratings assigned by the international credit rating
agencies.The average credit period on sales of products is less than 90 days. Credit risk arising
from trade receivables is managed in accordance with the Company''s established policy, procedures
and control relating to customer credit risk management. Credit quality of a customer is assessed
based on a detailed study of credit worthiness and accordingly individual credit limits are defined/
modified. The concentration of credit risk is limited due to the fact that the customer base is large.
For trade receivables, as a practical expedient, the Company computes credit loss allowance
based on a provision matrix. The provision matrix is prepared based on historically observed
default rates over the expected life of trade receivables and is adjusted for forward-looking
estimates.

2) Market risk

Market risk is the risk that the fair value of future cash flows of a financial instrument will fluctuate
because of changes in market prices. Market risk comprises two types of risks: interest rate risk
and other price risk. Financial instruments affected by market risk includes borrowings, investments,
trade payables, trade receivables, loans.

a) 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. Since the Company has insignificant
interest bearing borrowings, the exposure to risk of changes in market interest rates is
minimal. The Company has not used any interest rate derivatives.

b) Other Price Risk

Other price risk is the risk that the fair value of a investments will fluctuate due to changes in
market traded price. The Company is exposed to price risk arising mainly from investments in
equity instruments recognised at FVTOCI & FVTPL. As at 31st March, 2025, the carrying value
of equity instruments recognised at FVTOCI amounts to Rs.36133.24 Lakhs (Previous year
Rs.35908.44 lakhs). the carrying value of equity instruments recognised at FVTPL amounts to
Rs.13556.67 Lakhs (Previous year Rs. 12910.68 lakhs). The details of such investments in
equity instruments are given in Note 4(i)& 4(ii).

3) Liquidity risk

The Company has an established liquidity risk management framework for managing its short term,
medium term and long term funding and liquidity management requirements. The Company manages
the liquidity risk by maintaining adequate funds in cash and cash equivalents. The Company also
has adequate credit facilities agreed with banks to ensure that there is sufficient cash to meet all
its normal operating commitments in a timely and cost-effective manner.The table below analysis of
non-derivative financial liabilities of the Company into relevant maturity groupings based on the
remaining period from the reporting date to the contractual maturity date. The amounts disclosed in
the table are the contractual undiscounted cash flows.

Note 22 Segment Reporting in accordance with Ind AS 108

The Company has disclosed the business segment as the primary segment. The company operates on
three business segment: Trading, Power Generation and Others. Business Segments have been
identified as reportable primary segments in accordance with the Indian Accounting Standard - IAS 108.
The accounting principle used in the preparation of the financial statements are consistently applied to
record revenue and expenditure in individual segment, and are set out in the significant accounting
policies. The Revenue and identifiable operating expenses in relation to segments are categorized
based on items that are individually identifiable to that segment. The management believes that it is
currently not practicable to provide segment disclosures relating to total asset and liabilities since a
meaningful segregation of available data is onerous.

Notes: The terms and conditions of transactions relating to dividend, subscriptions for new equity shares
were on the same terms that applied to other shareholder.The Loans and advances from the KMP are
interest free loans and advances.

Note 25 Details of No Loan given under Section 186(4) if the Companies Act, 2013
Note 26 Other statutory information

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 traded or invested in Crypto currency or Virtual Currency during the financial
year.

iii) 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

iv) The Company has not received any fund from any person(s) or entity(ies), including foreign entities
(funding party) with the understanding (whether recorded in writing or otherwise) that The Company
shall:

(a) directly or indirectly lend or invest in other persons or entities identified in any manner whatsoever
by or on behalf of the funding party (ultimate beneficiaries) or

(b) provide any guarantee, security or the like on behalf of the ultimate beneficiaries.

v) The Company does not have any such 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.

vi) The number of layers prescribed under clause (87) of section 2 of the Act read with the Companies
(Restriction on number of Layers) Rules, 2017 are not applicable in case of the Company.

vii) The Company is not declared wilful defaulter by and bank or financials institution or lender during the
year.

viii) The Company does not have any charges or satisfaction which is yet to be registered with ROC
beyond the statutory period.

ix) The Quarterly returns or statements of current assets with banks or financial institutions are not
applicable in case of the Company

x) The Company has used the borrowings from banks and financial institutions for the specific purpose
for which it was obtained

Note 27 Expenditure incured in foreign currency to foreign travelling Rs.13.82/- (Previous year Rs. 5.37/-
)and for other expenses Rs. 2.55/- (Previous year Rs. 2.57/-).

Note 28 In the opinion of the Board, current assets, loans and advances have a value on realization at least
equal to the amount at which they are stated in the accounts.

Note 29 Trade receivable and Trade payable balances are subject to confirmation, Adjustments if any, will
be made in the accounts on the receipt of such confirmations.

Note 31 As informed earlier, the Company had filed application with RBI seeking registration as Non¬
Banking Financial Company (NBFC) after the company had complied with the Principal Business Criteria
specified for NBFC. The said application was returned by RBI with advice to settle the existing credit facilities
being enjoyed by the Company from other NBFCs and thereafter make a fresh application latest by 31st July
2025 to register as Type I-NBFC-ND.

Note 33 Previous year figures have been regrouped, reworked, reclassified and rearranced wherever
necessary.

The accompanying notes form an integral part of the standalone financial statements.

As per our report of even date attached.

For Pulindra Patel & Co For & on behalf of the Board

Chartered Accountants Dhoot Industrial Finance Limited

Firm Registration Number: 115187W CIN:- L51900MH1978PLC020725

Pulindra Patel Rajgopal Dhoot Rohit Rajgopal Dhoot

Proprietor Director Director

Membership No. 048991 DIN No.: 00043844 DIN No.: 00016856

UDIN: 25048991BMIBEI1108 Place: Mumbai Place: Mumbai

Date: 23rd May 2025 Date: 23rd May 2025

Place: Mumbai Bharat Mistry Sneha Mayank Shah

Date: 23rd May 2025 Chief Financial Officer Company Secretary

Place: Mumbai Place: Mumbai

Date: 23rd May 2025 Date: 23rd May 2025

---

Mar 31, 2024

vii) Provisions. Contingencies and Commitments

Provisions: Provisions are recognised when there is a present obligation as a result of a past event, it is probable that an outflow of resources embodying economic benefits will be required to settle the obligation and there is a reliable estimate of the amount of the obligation. Provisions are measured at the best estimate of the expenditure required to settle the present obligation at the Balance Sheet date and are not discounted to its present value.

Contingent Liabilities: Contingent liabilities are disclosed when there is a possible obligation arising from past events, the existence of which will be confirmed only by the occurrence or non-occurrence of one or more uncertain future events not wholly within the control of the Company or a present obligation that arises from past events where it is either not probable that an outflow of resources will be required to settle or a reliable estimate of the amount cannot be made.

viii) Cash and Cash Equivalents

Cash and cash equivalents include cash & cheques in hand and bank balances.

ix) Income Tax

Tax expense is the aggregate amount included in the determination of profit or loss for the period in respect of current tax and deferred tax.

Current tax:

Current tax is the amount of income taxes payable in respect of taxable profit for a period. Taxable profit differs from ‘profit before tax'' as reported in the Statement of Profit and Loss because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible under the Income Tax Act, 1961.

Current tax is measured using tax rates that have been enacted by the end of reporting period for the amounts expected to be recovered from or paid to the taxation authorities.

Deferred tax:

Deferred tax is recognized on temporary differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit under Income Tax Act, 1961.

Deferred tax liabilities are generally recognized for all taxable temporary differences. However, in case of temporary differences that arise from initial recognition of assets or liabilities in a transaction (other than business combination) that affect neither the taxable profit nor the accounting profit, deferred tax liabilities are not recognized. Also, for temporary differences if any that may arise from initial recognition of goodwill, deferred tax liabilities are not recognized.

Deferred tax assets are generally recognized for all deductible temporary differences to the extent it is probable that taxable profits will be available against which those deductible temporary difference can be utilized. In case of temporary differences that arise from initial recognition of assets or liabilities in a transaction (other than business combination) that affect neither the taxable profit nor the accounting profit, deferred tax assets are not recognized.

The carrying amount of deferred tax assets is reviewed at the end of each reporing period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow the benefits of part or all of such deferred tax assets to be utilized.Deferred tax assets and liabilities are measured at the tax rates that have been enacted or substantively enacted by the Balance Sheet date and are expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled.

Presentation of current and deferred tax:

Current and deferred tax are recognized as income or an expense in the statement of Profit and Loss, except when they relate to items that are recognized in Other Comprehensive Income, in which case, the current and deferred tax income/expense are recognized in Other Comprehensive Income.

The company offsets current tax assets and current tax liabilities,where it has legally enforceable right to setoff the recognized amounts and where it intends either to settle on a net basis, or to realize the

asset and settle the liability simultaneously. In case of deferred tax assets and deferred tax liabilites, the same are offset if the company has a legally enforceable right to set off corresponding current tax assets against current tax liabilities and the deferred tax assets and deferred tax liabilities relate to income taxes levied by the same tax authority on the Company.

x) Earnings Per Share

Basic earnings per share is 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. Earnings considered in ascertaining the Company''s earnings per share is the net profit for the period after deducting preference dividends and any attributable tax thereto for the period. The weighted average number of equity shares outstanding during the period and for all periods presented is adjusted for events, such as bonus shares, other than the conversion of potential equity shares, that have changed the number of equity shares outstanding, without a corresponding change in resources. 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 is adjusted for the effects of all dilutive potential equity shares.

xi) Lease

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee. All other leases are classified as operating leases.

In respect of operating leases, lease rentals are recognized as an expense in the Consolidated Statement of Profit and Loss

on straight line basis over the lease term unless

i) Another systematic basis is more representative of the time pattern in which the benefit is derived from leased asset ;

or

ii) The payments to the lessor are structured to increase in line with the expected general inflation to compensate the lessor''s expected inflationary cost increases.

xii) Cash flow statement

Cash flows are reported using the indirect method, whereby profit for the period is adjusted for the effects of transactions of a non-cash nature, any deferrals or accruals of past or future operating cash receipts or payments and item of income or expenses associated with investing or financing cash flows. The cash flows from operating, investing and financing activities of the Company are segregated.

xiii) Segment Reporting

Operating segments are reported in a manner consistent with the internal reporting provided to the chief operating decision maker (CODM) of the Company. The CODM is responsible for allocating resources and assessing performance of the operating segments of the Company.

The Company has two operating and reporting segments namely, Trading, and Others. Trading segments include all trading activities of Chemicals, Nickel and Copper. Segments have been identified in line with Indian Accounting Standard-108, taking into account quantitative thresholds

xiv) Employee Benefits

Short Term Employee Benefits:

All employee benefits payable wholly within twelve months of rendering the service are classified as short term employee benefits and they are recognized in the period in which the employee renders the related service.

Post Employment Benefits like Provident Fund Scheme, Gratuity Scheme, Pension Scheme and PostRetirement Medical benefit plan; Other Long Term Employee Benefits like Long- Service leave, Longterm disability benefits & Termination benefits are not applicable to company.

xv) Events after Reporting date

Where events occurring after the Balance Sheet date provide evidence of conditions that existed at the end of the reporting period, the impact of such events is adjusted within the financial statements. Otherwise, events after the Balance Sheet date of material size or nature are only disclosed.

xvi) Capital WIP

Capital work in progress and Capital advances:Cost of assets not ready for intended use, as on the Balance Sheet date, is shown as capital work in progress.

Advances Advance given towards acquisition of fixed assets outstanding at each Balance Sheet date are disclosed as Other Non-Current Assets.

xvii) Fair Value

The Company measures financial instruments at fair value in accordance with the accounting policies mentioned above. Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The fair value measurement is based on the presumption that the transaction to sell the asset or transfer the liability takes place either:All assets and liabilities for which fair value is measured or disclosed in the financial statements are categorized within the fair value hierarchy that categorizes into three levels, described as follows, the inputs to valuation techniques used to measure value. The fair value hierarchy gives the highest priority to quoted prices in active markets for identical assets or liabilities

(Level 1 inputs) and the lowest priority to unobservable inputs (Level 3 inputs).

Level 1 — quoted (unadjusted) market prices in active markets for identical assets or liabilities

Level 2 — inputs other than quoted prices included within Level 1 that are observable for the asset or liability, eitherdirectly or indirectly

Level 3 — inputs that are unobservable for the asset or liability

xviii) Key accounting estimates

The preparation of the Company''s financial statements requires the management to make judgements, estimates and assumptions that affect the reported amounts of revenues, expenses, assets and liabilities, and the accompanying disclosures,and the disclosure of contingent liabilities. Uncertainty about these assumptions and estimates could result in outcomes that require a material adjustment to the carrying amount of assets or liabilities affected in future periods.

Critical accounting estimates and assumptions

The key assumptions concerning the future and other key sources of estimation uncertainty at the reporting date, that have a significant risk of causing a material year, are described below:

Income taxes

The Company''s tax jurisdiction is India. Significant judgements are involved in estimating budgeted profits for the purpose of paying advance tax, determining the provision for income taxes, including amount expected to be paid/recovered for uncertain tax positions.

Property,Plant and Equipment

Property, Plant and Equipment represent a significant proportion of the asset base of the Company. The charge in respect of periodic depreciation is derived after determining an estimate of an asset''s expected useful life and the expected residual value at the end of its life. The useful lives and residual values of Company''s assets are determined by the management at the time the asset is acquired and reviewed periodically, including at each financial year end. The lives are based on historical experience with similar assets as well as anticipation of future events, which may impact their life, such as changes in technical or commercial obsolescence arising from changes or improvements in production or from a change in market demand of the product or service output of the asset.

Fair Value measurements of Financial Instruments

The fair values of financials assets and financial liabilities recorded in the Balance Sheet is measured based on quoted prices in active markets.

possible on entity-specific estimates. If all significant inputs required to fair value an instrument are observable, the instrument is included in level 2.

Level 3: If one or more of the significant inputs is not based on observable market data, the instrument is included in level 3. This is the case for unlisted equity securities, contingent consideration and indemnification asset included in level 3. There are no transfers between levels 1 and 2 during the year. The Company''s policy is to recognise transfers into and transfers out of fair value hierarchy levels as at the end of the reporting period.

Specific valuation techniques used to value financial instruments include:

• the use of quoted market prices or dealer quotes for similar instruments;

• the fair value of the remaining financial instruments is determined using discounted cash flow analysis;

All of the resulting fair value estimates are included in level 2 except for unlisted equity securities, contingent consideration and indemnification asset, where the fair values have been determined based on present values and the discount rates used were adjusted for counterparty or own credit risk.

Note 21b Financial Risk Management - Objectives and Policies

The Company''s financial liabilities comprise mainly of borrowings, trade payables and other payables. The Company''s financial assets comprise mainly of investments, cash and cash equivalents, other balances with banks, loans, trade receivables and other receivables. The Company is exposed to Market risk, Credit risk and Liquidity risk. The Board of Directors (‘Board'') oversee the management of these financial risks. The Risk Management Policy of the Company formulated by the Management and approved by the Board, states the Company''s approach to address uncertainties in its endeavour to achieve its stated and implicit objectives. It prescribes the roles and responsibilities of the Company''s management, the structure for managing risks and the framework for risk management. The framework seeks to identify, assess and mitigate financial risks in order to minimize potential adverse effects on the Company''s financial performance.The following disclosures summarize the Company''s exposure to financial risks and information regarding use of derivatives employed to manage exposures to such risks. Quantitative sensitivity analysis have been provided to reflect the impact of reasonably possible changes in market rates on the financial results, cash flows and financial position of the Company.

1) Credit Risk

Credit risk arises from cash and cash equivalents, investments carried at amortised cost and deposits with banks and financial institutions, as well as credit exposures to wholesale customers including outstanding receivables.

Credit risk management

The Company has adopted a policy of only dealing with counterparties that have sufficiently high credit rating. The Company''s exposure and credit ratings of its counterparties are continuously monitored and the aggregate value of transactions is reasonably spread amongst the counterparties.Credit risk arising from investment in mutual funds and other balances with banks is limited and there is no collateral held against these because the counterparties are banks and recognised financial institutions with high credit ratings assigned by the international credit rating agencies.The average credit period on sales of products is less than 90 days. Credit risk arising from trade receivables is managed in accordance with the Company''s established policy, procedures and control relating to customer credit risk management. Credit quality of a customer is assessed based on a detailed study of credit worthiness and accordingly individual credit limits are defined/ modified. The concentration of credit risk is limited due to the fact that the customer base is large. For trade receivables, as a practical expedient, the Company computes credit loss allowance based on a provision matrix. The provision matrix is prepared based on historically observed default rates over the expected life of trade receivables and is adjusted for forward-looking estimates.

2) Market risk

Market risk is the risk that the fair value of future cash flows of a financial instrument will fluctuate because of changes in market prices. Market risk comprises two types of risks: interest rate risk and other price risk. Financial instruments affected by market risk includes borrowings, investments, trade payables, trade receivables, loans.

a) 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. Since the Company has insignificant interest bearing borrowings, the exposure to risk of changes in market interest rates is minimal. The Company has not used any interest rate derivatives.

b) Other Price Risk

Other price risk is the risk that the fair value of investments will fluctuate due to changes in market traded price. The Company is exposed to price risk arising mainly from investments in equity instruments recognised at FVTOCI & FVTPL. As at 31st March, 2024, the carrying value of equity instruments recognised at FVTOCI amounts to Rs.35908.44 Lakhs (Previous year Rs.27446.13 lakhs). the carrying value of equity instruments recognised at FVTPL amounts to Rs.12910.68 Lakhs (Previous year Rs. 6808.95 lakhs). The details of such investments in equity instruments are given in Note 4(i)& 4(ii).

3) Liquidity risk

The Company has an established liquidity risk management framework for managing its short term, medium term and long term funding and liquidity management requirements. The Company manages the liquidity risk by maintaining adequate funds in cash and cash equivalents. The Company also has adequate credit facilities agreed with banks to ensure that there is sufficient cash to meet all its normal operating commitments in a timely and cost-effective manner.The table below analysis of non-derivative financial liabilities of the Company into relevant maturity groupings based on the remaining period from the reporting date to the contractual maturity date. The amounts disclosed in the table are the contractual undiscounted cash flows.

Note 22 Segment Reporting in accordance with Ind AS 108

The Company has disclosed the business segment as the primary segment. The company operates on two business segment: Trading and Others. Business Segments have been identified as reportable primary segments in accordance with the Indian Accounting Standard - IAS 108. The accounting principle used in the preparation of the financial statements are consistently applied to record revenue and expenditure in individual segment, and are set out in the significant accounting policies. The Revenue and identifiable operating expenses in relation to segments are categorized based on items that are individually identifiable to that segment. The management believes that it is currently not practicable to provide segment disclosures relating to total asset and liabilities since a meaningful segregation of available data is onerous.

Note 25 Details of No Loan given under Section 186(4) if the Companies Act, 2013 Note 26 Other statutory information

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 traded or invested in Crypto currency or Virtual Currency during the financial year.

iii) 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

iv) The Company has not received any fund from any person(s) or entity(ies), including foreign entities (funding party) with the understanding (whether recorded in writing or otherwise) that The Company shall:

(a) directly or indirectly lend or invest in other persons or entities identified in any manner whatsoever by or on behalf of the funding party (ultimate beneficiaries) or

(b) provide any guarantee, security or the like on behalf of the ultimate beneficiaries.

v) The Company does not have any such 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.

vi) The number of layers prescribed under clause (87) of section 2 of the Act read with the Companies (Restriction on number of Layers) Rules, 2017 are not applicable in case of the Company.

vii) The Company is not declared wilful defaulter by and bank or financials institution or lender during the year.

viii) The Company does not have any charges or satisfaction which is yet to be registered with ROC beyond the statutory period.

ix) The Quarterly returns or statements of current assets with banks or financial institutions are not applicable in case of the Company

x) The Company has used the borrowings from banks and financial institutions for the specific purpose for which it was obtained

Note 27 Expenditure incured in foreign currency to foreign travelling Rs.5.37 Lakhs (Previous year Rs. 9.75 lakhs)and for other expenses Rs. 2.57 lakhs (Previous year Rs. 2.93 lakhs).

Note 28 In the opinion of the Board, current assets, loans and advances have a value on realization at least equal to the amount at which they are stated in the accounts.

Note 29 Trade receivable and Trade payable balances are subject to confirmation, Adjustments if any, will be made in the accounts on the receipt of such confirmations.

Note 33 Previous year figures have been regrouped, reworked, reclassified and rearranced wherever necessary. The accompanying notes form an integral part of the standalone financial statements.

As per our report of even date attached.

For Pulindra Patel & Co For & on behalf of the Board

Chartered Accountants Dhoot Industrial Finance Limited

Firm Registration Number: 115187W CIN:- L51900MH1978PLC020725

Pulindra Patel Rajgopal Dhoot Rohit Rajgopal Dhoot

Proprietor Director Director

Membership No. 048991 DIN No.: 00043844 DIN No.: 00016856

UDIN : 24048991BKBFHF6659 Place: Mumbai Place: Mumbai

Date: 27th May 2024 Date: 27th May 2024

Place: Mumbai Bharat Mistry Sneha Mayank Shah

Date: 27th May 2024 Chief Financial Officer Company Secretary

Place: Mumbai Place: Mumbai

Date: 27th May 2024 Date: 27th May 2024

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Mar 31, 2023

Equity Shares have a par value of INR 10. They entitle the holder to participate in dividends and to share in the proceeds of winding up the company in proportion to the number of and amount paid on the shares held. Every holder of equity shares present at a meeting in person or by proxy is entitled to one vote and upon a poll each share is entitled to one vote.

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

Fair value through other comprehensive income

The company has elected to recognize changes in the fair value of certain investments in equity securities in other comprehensive income. These changes are accumulated within the Fair value of other comprehensive income - equity investments reserve within equity. The company transfers amount from this reserve to retained earnings when the relevant equity securities are derecognized.

a) Non Current Cars loan taken from Toyota Financial Services India Ltd. Rs. 0.99 Lakhs carrying interest @ 9.49% (Previous year Rs. 4.69 lakhs @ 9.49%), Kotak Mahindra Prime Ltd. amounting to Rs. 0.44 Lakhs carrying interest @ 9.50% (Previous year Rs. 0.44 Lakhs @ 9.50%), Axis Bank Ltd. amounting to Rs. 12.47 lakhs carrying interest @ 7.35% (Previous year Rs. 14.88 lakhs) and Axis Bank Ltd. amounting to Rs. 11.41 lakhs carrying interest @ 7.45% (Previous year Rs. 14.45 lakhs) & Kotak Mahinda Primus ltd. Rs. 19.12 lakhs carrying interest 7.90%(Previous year Rs. Nil)

b) Current from NBFC of Rs 6732.71 lakhs carrying an interest rate of 8.40% (Previous Year Rs. 5586.92 lakhs/-@ 7.25%). Such ROI is negotiable for every financial term and these loans are secured against Equity Shares of listed Companies.

**Unsecured loans from other parties include loan repayable on demand carried interest in the range of 8% to 12%

Note 16 CONTINGENT LIABILITIES, COMMITMENTS AND CONTINGENT ASSETS A Contingent Liabilities

1. Claims against the company not acknowledged as debt as on 31st March, 2023 amounting to Rs.44.80 lakhs for Assessment Year 2014-15 & Rs. 2.26 lakhs for the Assessment Year 2017-18.

B Commitments

Capital comitment not provided for in respect of Purchase of Fixed Assets amounting to Rs 26.04 lakhs (as at March 31, 2022 - Rs. 26.04 lakhs)

Note 17Revenue from Operations		('' In Lakhs)
Particulars	2022-23	2021-22
a) Sale of products
Chemicals & Commodities	3,521.10	2,996.06
Power*	-	33.74
Total Revenue from operations	3,521.10	3,029.80
b) Other operating revenue
Commission received	7.32	11.40
Total Other opertaing revenue	7.32	11.40
Total Revenue	3,528.42	3,041.20
*The company is in contract with MSEB to sell power generated at Sangli & Satara.

(a) As per Accounting Standard 15 “Employee benefits”, the disclosures as defined in the Accounting Standard are given below:

Defined Contribution Plan :

Contribution to Provident Fund is Rs. Nil/- (Previous Year Rs. Nil) , ESIC and Labour Welfare Fund Includes Rs. Nil- (Previous Year Rs.Nil).

Defined Benefit Plan :

Gratuity and Leave Encashment:

The Company makes partly annual contribution to the Employees'' Group Gratuity-cum-Life Assurance Scheme of the Life Insurance Corporation of India, a funded benefit plan for qualifying employees. The scheme provides for lump sum payment to vested employees at retirement, death while in employment or on termination of employment of an amount equivalent to 15 days service for each completed year of service or part thereof depending on the date of joining. The benefit vests after five years of continuous service.

Notes to the Standalone Financial Statements Note 20 Offsetting the financial assets and financial liabilities

The following table presents the recognised financial instruments that are offset, or subject to enforceble master netting arrangement and other similar but not offset, as at 31st March 2023, 31st March 2022 . The column ‘net amount’ shows the impact on the group’s balance sheet if all set-off rights were excerised.

Financial assets and liabilities are offset and the net amount is reported in the balance sheet where there is a legally enforceable right to offset the recognised amount and there is an intention to settle on a net basis or realise the asset and settle the liability simultaneously. The legally enforceable right must not be contingent on future events and must be enforceable in the normal course of business and in the event of default, insolvency, or bankruptcy of the group or the counterparty.

The company has pledged financial instruments as collateral against the borrowings from Banks. Refer to note no 13 for further information on financial and non financial collateral pledged as security against borrowings

Fair Value Hierarchy

This section explains the judgements and estimates made in determining the fair value of the financial

instruments that are

(a) recognised and measured at fair value and

(b) measured at amortised cost and for which fair values are disclosed in the financial statements. To provide an indication about the inputs used in determining fair value, the group has classified its financial instruments into three levels prescribed under the accounting standard. An explanation of each table follows underneath the table.

Level 1: Level 1 hierarchy includes financial instruments measured using quoted prices. This includes listed equity instruments, that have quoted price. The fair value of all equity instruments which are traded in the stock exchanges is valued using the closing price as at the reporting period.

Level 2: The fair value of financial instruments that are not traded in an active market is determined using valuation techniques which maximise the use of observable market data and rely as little as possible on entity-specific estimates. If all significant inputs required to fair value an instrument are observable, the instrument is included in level 2.

Level 3: If one or more of the significant inputs is not based on observable market data, the instrument is included in level 3. This is the case for unlisted equity securities, contingent consideration and indemnification asset included in level 3. There are no transfers between levels 1 and 2 during the year. The Company''s policy is to recognise transfers into and transfers out of fair value hierarchy levels as at the end of the reporting period.

Specific valuation techniques used to value financial instruments include:

• the use of quoted market prices or dealer quotes for similar instruments;

• the fair value of the remaining financial instruments is determined using discounted cash flow analysis;

All of the resulting fair value estimates are included in level 2 except for unlisted equity securities, contingent consideration and indemnification asset, where the fair values have been determined based on present values and the discount rates used were adjusted for counterparty or own credit risk.

Note 21b Financial Risk Management - Objectives and Policies

The Company''s financial liabilities comprise mainly of borrowings, trade payables and other payables. The Company''s financial assets comprise mainly of investments, cash and cash equivalents, other balances with banks, loans, trade receivables and other receivables.

The Company is exposed to Market risk, Credit risk and Liquidity risk. The Board of Directors (‘Board'') oversee the management of these financial risks. The Risk Management Policy of the Company formulated by the Management and approved by the Board, states the Company''s approach to address uncertainties in its endeavour to achieve its stated and implicit objectives. It prescribes the roles and responsibilities of the Company''s management, the structure for managing risks and the framework for risk management. The framework seeks to identify, assess and mitigate financial risks in order to minimize potential adverse effects on the Company''s financial performance.

The following disclosures summarize the Company''s exposure to financial risks and information regarding use of derivatives employed to manage exposures to such risks. Quantitative sensitivity analysis have been provided to reflect the impact of reasonably possible changes in market rates on the financial results, cash flows and financial position of the Company.

1) Credit Risk

Credit risk arises from cash and cash equivalents, investments carried at amortised cost and deposits with banks and financial institutions, as well as credit exposures to wholesale customers including outstanding receivables.

Credit risk management

The Company has adopted a policy of only dealing with counterparties that have sufficiently high credit rating. The Company''s exposure and credit ratings of its counterparties are continuously monitored and the aggregate value of transactions is reasonably spread amongst the counterparties.

Credit risk arising from investment in mutual funds and other balances with banks is limited and there is no collateral held against these because the counterparties are banks and recognised financial institutions with high credit ratings assigned by the international credit rating agencies.

The average credit period on sales of products is less than 90 days. Credit risk arising from trade receivables is managed in accordance with the Company''s established policy, procedures and control relating to customer credit risk management. Credit quality of a customer is assessed based on a detailed study of credit worthiness and accordingly individual credit limits are defined/ modified. The concentration of credit risk is limited due to the fact that the customer base is large.

For trade receivables, as a practical expedient, the Company computes credit loss allowance based on a provision matrix. The provision matrix is prepared based on historically observed default rates over the expected life of trade receivables and is adjusted for forward-looking estimates.

2) Market risk

Market risk is the risk that the fair value of future cash flows of a financial instrument will fluctuate because of changes in market prices. Market risk comprises two types of risks: interest rate risk and other price risk. Financial instruments affected by market risk includes borrowings, investments, trade payables, trade receivables, loans.

a) 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. Since the Company has insignificant interest bearing borrowings, the exposure to risk of changes in market interest rates is minimal. The Company has not used any interest rate derivatives.

b) Other Price Risk

Other price risk is the risk that the fair value of a investments will fluctuate due to changes in market traded price. The Company is exposed to price risk arising mainly from investments in equity instruments recognised at FVTOCI & FVTPL. As at 31st March, 2023, the carrying value of equity instruments recognised at FVTOCI amounts to Rs.27446.13 Lakhs (Previous year Rs.34692.63 lakhs). the carrying value of equity instruments recognised at FVTPL amounts to Rs.6827.31 Lakhs (Previous year Rs. 7746.35 lakhs). The details of such investments in equity instruments are given in Note 4(i)& 4(ii).

3) Liquidity risk

The Company has an established liquidity risk management framework for managing its short term, medium term and long term funding and liquidity management requirements. The Company manages the liquidity risk by maintaining adequate funds in cash and cash equivalents. The Company also has adequate credit facilities agreed with banks to ensure that there is sufficient cash to meet all its normal operating commitments in a timely and cost-effective manner.

The table below analysis of non-derivative financial liabilities of the Company into relevant maturity groupings based on the remaining period from the reporting date to the contractual maturity date. The amounts disclosed in the table are the contractual undiscounted cash flows.

Notes to the Standalone Financial Statements

Note 22 Segment Reporting in accordance with Ind AS 108

The Company has disclosed the business segment as the primary segment. The company operates on three business segment: Trading, Power Generation and Others. Business Segments have been identified as reportable primary segments in accordance with the Indian Accounting Standard - IAS 108. The accounting principle used in the preparation of the financial statements are consistently applied to record revenue and expenditure in individual segment, and are set out in the significant accounting policies. The Revenue and identifiable operating expenses in relation to segments are categorized based on items that are individually identifiable to that segment. The management believes that it is currently not practicable to provide segment disclosures relating to total asset and liabilities since a meaningful segregation of available data is onerous.

Geographical segment

Geographical segments is not applicable for the company since its operations are majorly based in Mumbai, India. The company however, has plants and Machinery located in Satara and Sangli, where the Power Generation takes place.

Notes: The terms and conditions of transactions relating to dividend, subscriptions for new equity shares were on the same terms that applied to other shareholder.

The Loans and advances from the KMP are interest free loans and advances.

Note 25 Details of No Loan given under Section 186(4) as per the Companies Act, 2013 Note 26 Other statutory information

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 traded or invested in Crypto currency or Virtual Currency during the financial year.

iii) 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

iv) The Company has not received any fund from any person(s) or entity(ies), including foreign entities (funding party) with the understanding (whether recorded in writing or otherwise) that The Company shall:

(a) directly or indirectly lend or invest in other persons or entities identified in any manner whatsoever by or on behalf of the funding party (ultimate beneficiaries) or

(b) provide any guarantee, security or the like on behalf of the ultimate beneficiaries.

v) The Company does not have any such 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).

vi) The number of layers prescribed under clause (87) of section 2 of the Act read with the Companies (Restriction on number of Layers) Rules, 2017 are not applicable in case of the Company.

vii) The Company is not declared wilful defaulter by and bank or financials institution or lender during the year.

viii) The Company does not have any charges or satisfaction which is yet to be registered with ROC beyond the statutory period.

ix) The Quarterly returns or statements of current assets with banks or financial institutions are not applicable in case of the Company

x) The Company has used the borrowings from banks and financial institutions for the specific purpose for which it was obtained

Note 27 Expenditure incured in foreign currency to foreign travelling Rs.9.75 lakhs (Previous year Rs. 6.67 lakhs)and for other expenses

Rs. 2.93 lakhs (Previous year Rs. Nil).

Note 28 In the opinion of the Board, current assets, loans and advances have a value on realization at least equal to the amount at which they are stated in the accounts.

Note 29 Trade receivable and Trade payable balances are subject to confirmation, Adjustments if any, will be made in the accounts on the receipt of such confirmations.

Note 30 It has been decided by the Company in its Board Meeting held on May 19, 2021 to avail option to pay Income Tax U/s. 115 BAA of the Income Tax Act, 1961 w.e.f. F.Y 2020-21 (A.Y. 2021-22). Therefore Provison for Income Tax and Deferred Tax has been done accordingly.

Note 33 Previous year figures have been regrouped, reworked, reclassified and rearranged wherever necessary.

The accompanying notes form an integral part of the standalone financial statements.

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Mar 31, 2015

1. Capital commitment for Purchase of Fixed Assets amounting to Rs, 25,75,074/-(Previous Year Rs, 63,89,625/-).

2. Depreciation:

Effective from 01.04.2014, the Company has adopted the useful lives of its Tangible Fixed Assets as per Part C of Schedule II of the Companies Act, 2013 and provided depreciation accordingly.

In respect of assets of which the remaining useful lives have been exhausted as on April 1, 2014, the carrying amount of assets after retaining residual value, amounting to Rs, 0.59 lacs (Net of Deferred Tax Credit of Rs, 0.29 lacs) has been recognized in the opening balance of General Reserve.

The provision of depreciation in terms of Companies Act 2013 as aforesaid has resulted in lower provision by Rs, 4.20 lacs for the year as compared to the provision in terms of erstwhile Companies Act, 1956.

3. Detail of Loan given Under Section 186 (4) of the Companies Act.2013

Long-Term Loans and Advances Include Loan given @ 18% p.a. to Gei Industrial Systems Ltd. Amounting to Rs,.0.91 Crore (Previous year Rs,. 1.09 Crore) due for repayment.

Short-Term Loans and Advances includes Loan given @ 15% p.a. to Videocon Industries limited Rs,.1 Crore (Previous Year Rs,.Nil) & Mr. N.Murkumbi amounting to Rs,.3 Crore (Previous Year Rs,.4 Crore) both due for repayment within 1 year

4. The provisions of Accounting Standard 15 (Revised) on "Employee Benefits" are not applicable to the Company except for Leave Encashment. However, the Company does not allow any accumulation of leave and employees are allowed to encash it on or after 31st March of every year.

5. Segment Reporting:

The Company has disclosed Business Segment as the primary segment. The Company operates two business segments: Trading & Power Generation. Business Segments have been identified as reportable primary segments in accordance with Accounting Standard – 17 issued by the Institute of Chartered Accountants of India, taking into account the nature of products, risks and returns, organization structure and internal reporting system.

6. Disclosure in respect of related parties as defined in Accounting Standard – 18 wherein transactions have taken place during the year are given below:

Key Management Personnel & Relatives:

Mr. R. K. Dhoot (Managing Director), Mr. R. G. Dhoot (Chairman), Mrs. M. R. Dhoot (w/o Chairman), Mrs. V. R. Dhoot (w/o M. D.), Mr. Rishikesh R. Dhoot (s/o Director), Mst. Rohan R. Dhoot (s/o Director).

7. Earnings Per Share (EPS)

The earnings per share have been computed in accordance with the 'Accounting Standard 20 – Earnings per Share.

8. Expenditure incurred in foreign currency for foreign travelling of Rs, 19,69,657/- (Previous Year Rs, 8,32,306/-).

9. In the opinion of the Board, current assets, loans and advances have a value on realization at least equal to the amount at which they are stated in the accounts.

10. Debtors & Creditors balances are subject to confirmation. Adjustments if any, will be made in the accounts on the receipt of such confirmations.

11. Previous year figures have been regrouped, reworked, reclassified & rearranged wherever necessary

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Mar 31, 2014

1. Capital commitment for Purchase of Fixed Assets amounting to Rs. 63,89,625/-(Previous Year Rs. 63,89,625/-).

2. Segment Reporting:

The Company has disclosed Business Segment as the primary segment. The Company operates two business segments: Trading & Power Generation. Business Segments have been identified as reportable primary segments in accordance with Accounting Standard - 17 issued by the Institute of Chartered Accountants of India, taking into account the nature of products, risks and returns, organisation structure and internal reporting system.

3. Disclosure in respect of related parties as defined in Accounting Standard - 18 wherein transactions have taken place during the year are given below:

Key Management Personnel & Relatives:

Mr. R. K. Dhoot (Managing Director), Mr. R. G. Dhoot (Chairman), Mrs. M. R. Dhoot (w/o Chairman), Mrs. V. R. Dhoot (w/o M. D.), Mr. Rishikesh R. Dhoot (s/o Director), Mst. Rohan R. Dhoot (s/o Director).

Enterprises over which key management personnel exercise control:

1. Young Buzz India Ltd. 2. Iris Resources Pvt. Ltd. 3. Shrotra Enterprises Pvt. Ltd. (Formerly Known as Pine Fresh Minerals Pvt. Ltd.) 4. Dhoot Instruments Pvt. Ltd. 5. Prompt Traders & Investments Pvt. Ltd. 6. Dhoot Meters Private Ltd.

* Maximum Loan Balance Rs. 2,26,65,434/- ( Previous year Rs. 61,50,000/-) and Maximum Advance balance Rs. 5,62,97,000/- ( Previous year Rs. 12,13,98,000/-) during the year.

4. The provisions ofAccounting Standard 15 (Revised) on "Employee Benefits" are not applicable to the Company except for Leave Encashment. However, the Company does not allow any accumulation of leave and employees are allowed to encash it on or after 31st March of every year.

5. Earning Per Share (EPS)

The earnings per share have been computed in accordance with the Accounting Standard 20 - Earnings per Share.

The numerators and denominators used to calculate Basic and Diluted Earnings per Share:

6. Expenditure incurred in foreign currency for foreign travelling of Rs. 8,32,306/- (Previous Year Rs. 6,78,173/-).

7. In the opinion of the Board, current assets, loans and advances have a value on realization at least equal to the amount at which they are stated in the accounts.

8. Debtors & Creditors balances are subject to confirmation. Adjustments if any, will be made in the accounts on the receipt of such confirmations.

9. Previous year figures have been regrouped, reworked, reclassified & rearranged wherever necessary

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Mar 31, 2013

1 Capital commitment for Purchase of Hxed Assets amounting to < 63,89,62o/-(Previous Year Rs 73,23,525/-).

2 Segment Reporting:

The Company has disclosed Business Segment as the primary segment. The Company operates two business segments: Trading & Power Generation. Business Segments have been identified as reportable primary segments in accordance with Accounting Standard -

3 issued by the Institute of Chartered Accountants of India, taking into account the nature of products, risks and returns, organization structure and internal reporting system.

4 Disclosure in respect of related parties as defined in Accounting Standard - 18 wherein transactions have taken place during the year are given below:

Key Management Personnel & Relatives:

Mr. R. K. Dhoot (Managing Director), Mr. R. G Dhoot (Chairman), Mrs. M. R. Dhoot (w/o Chairman), Mrs. V. R. Dhoot (w/o M. D.), Mr. Rishikesh R. Dhoot (s/o Director), Mst. Rohan R. Dhoot (s/o Director).

Enterprises over which key management personnel exercise control:

1. Young Buzz India Ltd. 2. Iris Resources Pvt Ltd. 3. Shrotra Enterprises Pvt. Ltd. (Formerly Known as Pine Fresh Minerals Pvt. Ltd.) 4. Dhoot Instruments Pvt. Ltd.

5. Prompt Traders & Investments Pvt. Ltd.

- Maximum Loan Balance Rs 61,50,000/- ( Previous year Rs 1,11,00,000/-) and Maximum Advance balance Rs 12,13,98,000/- ( Previous year Rs 4,68,50,000/-) during the year.

5 The provisions of Accounting Standard 15 (Revised) on "Employee Benefits" are not applicable to the Company except for Leave Encashment. However, the Company does not allow any accumulation of leave and employees are allowed to encash it on or after 31st March of every year.

6 Earnings Per Share (EPS)

The earnings per share have been computed in accordance with the ''Accounting Standard 20 - Earnings per Share. The numerators and denominators used to calculate Basic and Diluted Earnings per Share:

7 Expenditure incurred in foreign currency for foreign travelling of Rs 6,78,173/- (Previous YearRs 9,03,373/-).

8 In the opinion of the Board, current assets, loans and advances have a value on realization at least equal to the amount at which they are stated in the accounts.

9 Debtors & Creditors balances are subject to confirmation. Adjustments if any, will be made in the accounts on the receipt of such confirmations.

10 Previous year figures have been regrouped, reworked, reclassified & rearranged wherever necessary

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Mar 31, 2012

1.1 Equity Shares are entitled to one vote per share.

2 Capital commitment for Purchase of Fixed Assets amounting to Rs 73,23,525/-(Previous Year Rs. 73,23,525/-).

3 Segment Reporting:

The Company has disclosed Business Segment as the primary segment. The Company operates two business segments: Trading & Power Generation. Business Segments have been identified as reportable primary segments in accordance with Accounting Standard - 17 issued by the Institute of Chartered Accountants of India, taking into account the nature of products, risks and returns, organisation structure and internal reporting system.

4 Disclosure in respect of related parties as defined in Accounting Standard - 18 with wherein transaction have taken place during the year are given below:

Key Management Personnel & Relatives:

Mr. R. K. Dhoot (Managing Director), Mr. R. G. Dhoot (Chairman), Mrs. M. R. Dhoot (w/o Chairman), Mrs. V. R. Dhoot (w/o M. D.), Mr. Rishikesh R. Dhoot (s/o Director), Mst. Rohan R. Dhoot (s/o Director).

Enterprises over which key management personnel exercise control:

1. Young Buzz India Ltd. 2. Iris Resources Pvt. Ltd. 3. Shrotra Enterprises Pvt. Ltd. (Formerly Known as Pine Fresh Minerals Pvt. Ltd.) 4. Dhoot Instruments Pvt. Ltd.

- Maximum Loan Balance Rs. 1,11,00,000/- ( Previous year Rs. 2,30,00,000/-) and Maximum Advance balance Rs. 4,68,50,000/- ( Previous year Rs. Nil) during the year.

5 The provisions of Accounting Standard 15 (Revised) on “Employee Benefits” are not applicable to the Company except for Leave Encashment. However, the Company does not allow any accumulation of leave and employees are allowed to encash it on or after 31st March of every year.

6 Earning Per Share (EPS)

The earnings per share have been computed in accordance with the Accounting Standard 20 - Earnings per Share. The numerators and denominators used to calculate Basic and Diluted Earnings per Share:

7 Expenditure incurred in foreign currency for foreign travelling of Rs. 9,03,373/- (Previous Year Rs. 13,37,064/-).

8 In the opinion of the Board, current assets, loans and advances have a value on realization at least equal to the amount at which they are stated in the accounts.

9 Debtors & Creditors balances are subject to confirmation. Adjustments if any, will be made in the accounts on the receipt of such confirmations.

10 The Financial Statements for the year ended on 31st March, 2011 have been prepared as per the then applicable, pre-revised Schedule VI to the Companies Act, 1956. Consequent to the notification under the Companies Act, 1956, the Financial Statements for the year ended on 31st March, 2012 are prepared under revised Schedule VI. Accordingly, the previous year's figures have also been re-classified to conform to this year's classification.

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Mar 31, 2011

1. Segment Reporting:

The Company has disclosed Business Segment as the primary segment. The Company operates two business segments: Trading segments & Power Generation segments. Business Segments have been identified as reportable primary segments in accordance with Accounting Standard - 17 issued by the Institute of Chartered Accountants of India, taking into account the nature of the products, the differing risks and returns, the Organisation structure and internal reporting system.

2. Disclosure in respect of related parties as defined in Accounting Standard - 18 with wherein transaction have taken place during the year are given below:

Key Management Personnel & Relatives:

Mr. R. K. Dhoot (Managing Director), Mr. R. G. Dhoot (Chairman), Mrs. M. R. Dhoot (w/o Chairman), Mrs. V. R. Dhoot (w/o M. D.), Mr. Rishikesh R. Dhoot (s/o Director), Mst. Rohan R. Dhoot (s/o Director).

Enterprises over which key management personnel exercise control:

1. Young Buzz India Ltd. 2. Iris Resources (P) Ltd. 3. Pine Fresh Minerals (P) Ltd.

Maximum Balance 2,30,00,000/- (1,55,00,000/-) during the year.

3. Debtors outstanding for more than six months includes 17,50,000/- (Previous Year 22,50,000/-) due from a party. The Company has considered the recovery of principal amount as good, though no written assurance / confirmation is received.

4. The provisions of Accounting Standard 15 (Revised) on "Employee Benefits" are not applicable to the Company except for Leave Encashment. However, the Company does not allow any accumulation of leave and employees are allowed to encash it before 31st March of every year.

5. In respect of long-term foreign currency monetary items, the Company earlier followed a policy of recording all exchange differences to the profit and loss account. In line with notification of the Companies (Accounting Standards) Amendment Rules 2006 issued by Ministry of Corporate Affairs on March 31, 2009 amending Accounting Standard - 11 (AS - 11) 'The Effects of Changes in Foreign Exchange Rates (revised 2003)´, the Company has chosen to exercise the option under para 46 inserted in AS - 11 by the notification. Accordingly, the foreign exchange gain for the period from Dec - 2006 upto March 2009 of 35,38,812/- is adjusted against reserves correspondingly the value of the Fixed Asset is reduced and the Net Profit before tax for the current year is reduced by 1,13,608 (Previous Year Profit higher by 28,82,801/-) due to foreign exchange loss which is adjusted to fixed assets.

6. In the opinion of the Board, current assets, loans and advances have a value on realization at least equal to the amount at which they are stated in the accounts.

7. Debtors & Creditors balances are subject to confirmation. Adjustments if any, will be made in the accounts on the receipt of such confirmations.

8. Expenditure incurred in foreign currency for foreign travelling of Rs.13,37,064/- (Previous Year Rs. 4,24,398/-).

9. Capital commitment for Purchase of Fixed Assets amounting to Rs. 73,23,525/- and Contingent Liability not provided for tax amount on form 'C' to be received from cus- tomers amounting to Rs. 9,154 for year 2008-09.

10. Previous year figures have been regrouped, reworked, reclassified & rearranged wherever necessary.

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Mar 31, 2010

1. Segment Reporting:

The Company has disclosed Business Segment as the primary segment. The Company operates two business segments: Trading segments & Power Generation segments. Business Segments have been identified as reportable primary segments in accordance with Accounting Standard 17 issued by the Institute of Chartered Accountants of India, taking into account the nature of the products, the differing risks and returns, the Organisation structure and internal reporting system.

2. Disclosure in respect of related parties as defined in Accounting Standard 18 with wherein transaction have taken place during the year are given below: Key Management Personnel & Relatives:

Mr. R. K. Dhoot (Managing Director), Mr. R. G. Dhoot (Chairman), Mrs. M. R. Dhoot (w/o Chairman), Mrs. V. R. Dhoot (w/o M. D.), Mst. Rishikesh R. Dhoot (s/o Director), Mst. Rohan R. Dhoot (s/o Director).

Enterprises over which key management personnel exercise significant influence with whom transactions have been taken place during the year:

3. Debtors outstanding for more than six months includes Rs.22,50,000/- (Previous Year Rs. 54,51,021/-) due from a party. The Company has considered the recovery of principle amount against above good, though no written assurance / confirmation is received.

4. The provisions of Accounting Standard 15 (Revised) on "Employee Benefits" are not applicable to the Company except for Leave Encashment. The Company does not allow any accumulation & any employees are allowed to encash the leave before 31 st March 2010 of every year.

5. In respect of long-term foreign currency monetary items, the Company earlier followed a policy of recording all exchange differences to the profit and loss account. In line with notification of the Companies (Accounting Standards) Amendment Rules 2008 issued by Ministry of Corporate Affairs on March 31,2009 amending Accounting Standard 11 (AS-11) The Effects of Changes in Foreign Exchange Rates (revised 2003), the Company has chosen to exercise the option under para 46 inserted in AS -11 by the notification. Accordingly, the foreign exchange gain for the period from Dec 2006 upto March 2009 of Rs.35,38,812/- is adjusted against reserves correspondingly the value of the Fixed Asset is reduced and the Net Profit before tax for the current year is higher by Rs.28,82,801/- due to foreign exchange loss which is adjusted to fixed assets.

6. In the opinion of the Board, current assets, loans and advances have a value on realization at ieast equal to the amount at which they are stated in the accounts.

7. Debtors & Creditors balances are subject to confirmation, adjustments if any, will be made in the accounts on the receipt of such confirmations.

8. Earning Per Share (EPS)

The earnings per share have been computed in accordance with the Accounting Standard 20 Earnings per Share.

The numerators and denominators used to calculate Basic and Diluted Earnings per Share:

9. Particulars of Stock in Trade (As verified & valued by the Management at cost or market value which ever is lower):

10. Expenditure incurred in foreign currency Rs. 4,24,398/-(Previous Year Rs. 7,51,236/-).

11. Capital commitment for Purchase of Fixed Assets amounting to Rs.73,23,525/- and Contingent Liability not provided for tax amount on form C to be received from customers amounting to Rs. 24178/- for 2005-06 & Rs.9,154/- for 2008-09.

12. Previous year figures have been regrouped, reworked, reclassified & rearranged wherever necessary.