Notes to Accounts of Global Pet Industries Ltd.

Mar 31, 2025

I) Provisions, Contingent Liabilities and Contingent Assets:

A provision is made based on a reliable estimate when it is probable that an outflow of resources embodying economic benefits will be required to settle an obligation.
Contingent liabilities, if material are disclosed by way of notes to accounts. Contingent assets are neither recognized nor disclosed in the financial statements.

J) Impairment of Assets:

At each balance sheet date, the Company reviews the carrying amounts of its assets to determine whether there is any indication that those assets suffered any impairment
loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of impairment loss. Recoverable amount is the higher of an
assets net selling price and value in use. In assessing value in use, the estimated future cash - flow expected from the continuing use of the assets and from its disposal are
discounted to their present value using pretax discount rate that reflects the current market assessments of time value of money and the risk specific of the assets.

Reversal of impairment loss is recognized immediately as income in the Statement of Profit and Loss.

K) Foreign Curreny Transactions:

Foreign currency transactions are recorded at the exchange rates prevailing on the date of the transaction. Gains and losses arising out of subsequent fluctuations are
accounted for on actual payment or realization. Monetary items denominated in foreign currency as at the Balance Sheet date are converted at the exchange rates prevailing
on that date.Exchange differences are recognized in the Statement of Profit and Loss.

Notes:

(i) The Company has issued 66,44,445 Equity Shares of face value of Rs.10 per shares as bonus shares on 06/01/2023.

(ii) The Company has issued 27,00,000 Equity shares of face value of Rs.10 per shares as fresh issue on 05/07/2023.

(iii) The Company has issued 20,00,000 Equity shares of face value of Rs.10 per shares on preferential basis on 14/11/2024.

Term / Rights Attached to Equity Shares

The Company has only one class of Equity Shares with a par value of Rs. 10 per Shares. Each Holder of Equity Shares is entitled to
one vote per share. In an event of liquidation of the company, the holders of equity shares will be entitled to receive remaining assets
of the company. The distribution will be in proporation to number of equity shares held by the Company.

35 The Board of Directors, in its meeting held on 14th November 2024, had approved the proposal for acquisition of Shri Sai
Pet Engineering. However, based on subsequent evaluation and commercial considerations, the said acquisition has been
kept on hold.

36 Other General Disclosures :

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

b The Company does not have any transactions with companies struck off.

c The Company does not have any charges or satisfaction which is yet to be registered with ROC beyond the statutory period.
d The Company have not traded or invested in Crypto currency or Virtual Currency during the financial year.

The Company does not have any such transaction which is not recorded in the books of accounts that hasbeen surrendered
e 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).
f The Company has not been declared as Wilful defaulter by any Banks, Financial institution or Other lenders.

Additional Information Required in Schedule iii ot the Companies Act, 2013 to the extent not applicable has not been
^g provided.

³⁷ Previous Years Figures have been regrouped and reclassified wherever necessary._

The accompanying notes form an integral part of the Financial Statements.

As per our Report of Even Date For and on behalf of Board of Directors

of Global Pet Industries Limited

FOR NDAA & ASSOCIATES LLP
CHARTERED ACCOUNTANTS

Firm Reg No : 129486W/W100775 BIPIN NANUBHAI PANCHAL NISHA BIPIN PANCHAL

MANAGING DIRECTOR WHOLE TIME DIRECTOR

DIN:-00120996 DIN:-06514766

NIRAJ D ADATIA

PARTNER ACHCHHE LAL YADAV PARTH HARESHKUMAR SHAH

Mem. No. 120844 CHIEF FINANCIAL OFFICER COMPANY SECRETARY &

COMPLIANCE OFFICER

Place : MUMBAI Place :MUMBAI

Date :30th May 2025_Date : 30th May 2025_

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Mar 31, 2024

Note:-(i) The Company has issued 66,44,445 Shares of face value of Rs.10 per shares as bonus shares on 06/01/2023.

(ii) The Company has issued 27,00,000 Equity shares of face value of Rs.10 per shares as fresh shares on 05/07/2023.

TRrm / Riphts Attached to Enuitv Shares

The Company has only one class of Equity Shares with a par value of Rs. 10 per Shares. Each Holder of Equity Shares is entitled to one vote per share. In an event of liquidation of the company, the holders of equity shares will be entitled to receive remaining assets of the company. The distribution will be in proporation to number of equity shares held by the Company.

b) Gratuity Defined Contribution Plan :

The liability for the Gratuity is determined on the basis of an independent actuarial valuation done at the year-end. The actuarial valuation method used for measuring the liability is the Projected Unit Credit method. The obligation are measured as the present value of estimated future cash flows discounted at rates reflecting the prevailing market yields of Indian Government securities as at the Balance Sheet date for the estimated term of the obligations. The estimates of future salary increases considered takes into account the inflation, seniority, promotion and other relevant factors.

Best estimate for contibution during next period 12.34

3.6 Sensitivity Analysis:Significant actuarial assumptions for the detrrmination of the defined benifit obligation are discount rate and expected salary increase rate.Effect of Changes in mortality rate is negligible.Please note that the sensitivity analysis presented below may not be representative of the actual change in the defined benefit obligation as it is unlikely that the change in assumption would occur in isolation of one another as some of the assumptions may be corected.The results of sensitivity analysis are given below:

34 Contingent Liability

As per the information and explanations given by the Company, there are no contingent liabilities.

35 Other General Disclosures :

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

b The Company does not have any transactions with companies struck off.

c The Company does not have any charges or satisfaction which is yet to be registered with ROC beyond thestatutory period, d The Company have not traded or invested in Crypto currency or Virtual Currency during the financial year.

e The Company does not have any such transaction which is not recorded in the books of accounts that hasbeen 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).

f The Company has not been declared as Wilful defaulter by any Banks, Financial institution or Other lenders.

9 Additional Information Required in Schedule III of the Companies Act, 2013 to the extent not applicable has not been provided.

36 Previous Years Figures have been regrouped and reclassified wherever necessary._