Notes to Accounts of Gothi Plascon (India) Ltd.

Mar 31, 2025

XV. Provisions, Contingent Liabilities and Contingent Assets:

Provisions arc recognised when the Company has a present legal or constructive obligation as a result of past events,
it is probable that an outflow of resources will be required to settle the obligation and the amount can be reliably
estimated. Provisions are not recognised for future operating losses.

Provisions are measured at the present value of management''s best estimate of the expenditure required to settle the
present obligation at the end of the reporting period. The discount rate used to determine the present value is a pre
tax rate that reflects current market assessments of the time value of money and the risks specific to the liability. The
increase in the provision due to the passage of time is recognised as interest expense.

Contingent Liabilities are disclosed in respect of possible obligations that arise from past events but their existence
will be confirmed by the occurrence or non occurrence of one or more uncertain future events not wholly within the
control of the Group or where any present obligation cannot be measured in terms of future outflow of resources or
where a reliable estimate of the obligation cannot be made.

A contingent asset is disclosed, where an inflow of economic benefits is probable. An entity shall not recognize
contingent asset unless the recovery is virtually certain.

X\T. Borrowing costs

General and specific borrowing costs directly attributable to the acquisition/ construction of qualifying assets,
which are assets that necessarily take a substantial period of time to get ready for their intended use, are added to
the cost of those assets, until such time the assets are substantially ready for their intended use. All other borrowing
costs are recognised as an expense in Statement of Profit and Loss in the period in which they are incurred.

XVn. Employee benefits

a) Defined contribution plan

The Company’s contribution to Provident Fund and Employees State Insurance Scheme is determined based on a
fixed percentage of the eligible employees'' salary and charged to the Statement of Profit and Loss on accrual basis.
The Company has categorised its Provident Fund, labour welfare fund and the Employees State Insurance Scheme
as a defined contribution plan since it has no further obligations beyond these contributions.

b) Defined benefits plan

The Company’s liability towards gratuity, being a defined benefit plan are accounted for on the basis of an
independent ''actuarial valuation based on Projected Unit Credit Method.

Service cost and the net interest cost is included in employee benefit expense in the Statement of Profit and Loss.
Actuarial gains and losses comprise experience adjustments and the effects of changes in actuarial assumptions
and are recognised immediately in ‘other comprehensive income’ as income or expense.

c) Compensated absences

Accumulated compensated absences, which are expected to be availed or encashed within 12 months from the end
of the year are treated as short term employee benefits. The obligation towards the same is measured at the expected
cost of accumulating compensated absences as the additional amount expected to be paid as a result of the unused
entitlement as at the year end. The Company''s liability is actuarially determined (using the Projected Unit Credit
method)

XVIII. Significant management judgements in applying accounting policies and estimation uncertainty

When preparing the financial statements, management makes a number of judgements, estimates and assumptions
about the recognition and measurement of assets, liabilities, income and expenses. 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 fuUire periods.

Impairment of non-flnancial assets

In assessing impairment, management estimates the recoverable amount of each asset or cash-generating unit based
on expected future cash flows and uses an interest rate to discount them. Estimation uncertainty relates to
assumptions about future operating results and the determination of a suitable discount rate.

Depreciation and useful lives of property, plant and equipment

Property, plant and equipment are depreciated over the estimated useful lives of the assets, after taking into account
their estimated residual value. Management reviews the estimated useful lives and residual values of the assets
annually in order to determine the amount of depreciation to be recorded during any reporting period. The useful
lives and residual values are based on the Company’s historical experience with similar assets and take into account
anticipated technological changes. The depreciation for future periods is adjusted if there are significant changes
from previous estimates.

Recoverability of trade receivable

Judgements are required in assessing the recoverability of overdue trade receivables and determining whether a
provision against those receivables is required. Factors considered include the credit rating of the counterparty, the
amount and tinting of anticipated future payments and any possible actions that can be taken to mitigate the risk of
non-payment.

Provisions

Provisions and liabilities are recognized in the period when it becomes probable that there will be a future outflow
of funds resulting from past operations or events and the amount of cash outflow can be reliably estimated. The
tinting of recognition and quantification of the liability require the application of judgement to existing facts and
circumstances, which can be subject to change. Since the cash outflows can take place many years in the future,
the carrying amounts of provisions and liabilities are reviewed regularly and adjusted to take account of changing
facts and circumstances.

Defined benefit obligation (DBO)

Management''s estimate of the DBO is based on a number of critical underlying assumptions such as standard rates
of inflation, mortality, discount rate and anticipation of future salary increases. Variation in these assumptions may
significantly impact the DBO amount and the annual defined benefit expenses.

Fail^- value measurement

Management uses valuation techniques to determine the fair value of financial instruments (where active market
quotes are not available) and non-financial assets. This involves developing estimates and assumptions consistent
with how market participants would price the instrument. Management bases its assumptions on observable data as
far as possible but this is not always available. In that case management uses the best information available.
Estimated fair values may vary from the actual prices that would be achieved in an arm’s length transaction at the
reporting date.

XIX Foreign Currency transaction

Transactions denominated in foreign currency are recorded at exchange rate prevailing on the date of the:

I.) Transactions or that approximates the actual rate at the date of transaction,
n.) Non- Monetary foreign currency items are carried at cost.

HI.) Any inccome or expenses on account of exchange difference either on settlement or on translation is
recognised in the statement of profit and loss account

XX. Lease

On March 30,2019,Ministry of Corporate Affairs has notified Ind AS 116,Leases. Ind AS 116 will replace the
existing leases Standard, Ind AS 17 Leases, and related Interpretations. The standard set out the principles for the
recognition, measurement, presentation and disclosure of leases for both parties to a contract i.e., the lessee and the
lessor. Ind AS 116 introduces a single lessee accounting model and requires a lessee to recognize assets and liabilities
for all leases with a term of more than twelve months, unless the underlying asset is of low value. Currently operaing
lease expenses are charged to the statement of Profit & Loss. The Standard also contains enhanced disclosure
requirements for lessees. Ind AS 116 substantially carries forward the lessor accounting requirements in Ind AS 17.
The effective date for adoption of Ind 116 is annual periods beginning on or after April 1, 2019. The standard permits
two possible methoda of transition :

1. Full restrospective - Retrospectively to each prior period presented applying Ind AS 8 Accounting policies,

changes in accounting estimates and errors.

2. Modified retrospective - Retrospectively, with the cumulative effect of initially applying the standard recognized

at the date of initial application.

Under modified retrospective approach, die lessee records the lease liability as the present value of die remaining
lease payments, discounted at the incremental borrowing rate and the right of use asset either as: Its carrying amount
as if the standard had been applied since the commencement date, but discounted at lesse''s incremental borrowing
rate at the date of initial application or an amount equal to the lease liability, adjusted by the amount of any prepaid
or accrued lease payments related to that lease recognized under Ind AS 17 immediately before the date of initial
application.

As a Lessor: Lease income from operating lease .where the company is a lessor is recognised on a straight line basis
over the lease term unless the receipts are structured to increase in the line with general inflation to compensate for
the expected inflation.

XXI. Inventories

Inventories are valued at lower of cost and net realizable value. Net Realizable value represents estimated selling
price for inventories less all eastimated cost of completation and cost necessary to make sale.

The company has only one class of equity shares having par value of 10 per share. Each holder of equity share is
entitled to one vote per share. The company declares and pays dividends 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.

During the year ended 31 March 2025, the amount of per share dividend recognised as distributions to equity
shareholders was Rs.2/- (As on 31st March 2024 : Rs.2/-).

In the event of liquidation of the company, the holders of equity shares will be entitled to receive remaining
assets of the company, after distribution of all preferential amounts. The distribution will be proportion to the
number of equity shares held by the shareholders.

(ii) Registration, Modification and Satisfaction of charges relating to the year under review, had been filed with the
Registrar of Companies, within the prescribed time or within the extended time requiring the payment of
additional fees.

(iii) The Company is not declared as wilful defaulter by any bank or financial Institution or other lenders.

(iv) The Company has not been sanctioned working capital limits in excess of five crore rupees, in aggregate, from
banks or financial institutions on the basis of security of current assets at any point of time during the year.

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

The Company is exposed to credit risk, liquidity risk and interest rate risk. The Company''s management
oversees the management of these risks. The management ensures that the Company''s financial risk activities
are governed by appropriate policies and procedures.

A. Credit Risk

Credit risk is the risk that counterparty will not meet its obligations under a financial instrument or customer
contract leading to a financial loss. The Company is exposed to credit risk primarily from trade receivables,
Loans advanced, security deposits and other financial instruments.

Trade and Other Receivables:-

The Company''s exposure to credit risk is influenced mainly by the individual characteristics of each customer.
Management also considers the factors that may influence the credit risk of its customer base. The Company
considers factors such as credit track record in the market and past dealings for extension of credit to customers.
The Company monitors the payment track record of the customers.

The Carrying amount reflected above represents the maximum exposure to credit risk.

Cash and Cash Equivalents:-

The Company held cash and cash equivalents of Rs. -0.42 Lakh At March 31, 2025 (March 31, 2024: Rs. 11.51
Lakh).

B. Liquidity Risk

Liquidity risk is the risk that the Company will encounter difficulty in meeting the obligations associated with its
financial liabilities that are settled by delivering cash or another financial asset. The Company''s approach to
managing liquidity is to ensure, as far as possible, that it will have sufficient liquidity to meet its liabilities when
they are due, under both normal and stressed conditions, without incurring unacceptable losses or risking
damage to the Company''s reputation. The following are the remaining contractual maturities of financial
liabilities at the reporting date. The amounts are gross and undiscounted, and include estimated interest
payments.

C. Market Risk

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. The Company has Market risk comprises three types of risk: currency risk, interest

rate risk and other price risk such as equity price risk and commodity price risk. The Company is primarily
exposed to Interest rate risk. The objective of management is to manage and control market risk exposures
within acceptable parameters.

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. The Company is exposed to interest rate risk resulting from
fluctuations in interest rates. The Company''s Interest rate risk arises from Borrowings.

Interest Rate Sensitivity:-

Profit or loss is sensitive to higher/lower interest expense from borrowings as a result of change in interest
rates. The following table demonstrates the sensitivity of floating rate financial instruments to a reasonably
possible change in interest rates.

Sensitivity Analysis

Relationship with Struck off Companies - The Company does not have any transactions or relationships with any
companies struck off under Section 248 of the Companies Act, 2013 or Section 560 of the Companies Act, 1956.

Note 29 : Compliance with number of layers of
companies

The Company do not have any parent company and accordingly, compliance with the number of layers
prescribed under clause (87) of section 2 of the Act read with Companies (Restriction on number of Layers)

Rules, 2017 is not applicable for the year under consideration.

Note 30 : Scheme of arrangements

There are no Scheme of Arrangements approved by the Competent Authority in terms of sections 230 to 237 of
the Companies Act, 2013 during the year.

Note 31 : Undisclosed Income

There are no transactions that have been surrendered or disclosed as income during the year in the tax assessments
under the Income Tax Act, 1961 which have not been recorded in the books of account.

The Company did not trade or invest in Crypto Currency or virtual currency during the financial year. Hence,
disclosures relating to it are not applicable.

Note 33 : Advance or loan or investment to intermediaries and receipt of funds from intermediaries

The company has not advanced or loaned or invested funds (either borrowed funds or share premium or any other
sources or kind of funds) to any other person(s) or entity(ies), including foreign entities (Intermediaries) with the
understanding (whether recorded in writing orotherwise) thatthe Intermediary shall (i) 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 (ii) provide any guarantee, security or the like to or on behalf of the Ultimate Beneficiaries.
The company has also 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 (i) 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 (ii) provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries.

sd/- sd/-

PRIYADARSHANA GOTHI SANJAY GOTHI

Director Managing Director

DIN : 09685568 DIN:00600357

sd/- sd/-

Chennai RAJESH PINCHA MEGHA SOMANI

May 23rd, 2025 CFO COMPANY SECRETERY

PAN : ADDPR7077C PAN: AISPB6780C

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Mar 31, 2024

XV. Provisions, Contingent Liabilities and Contingent Assets:

Provisions are recognised when the Company has a present legal or constructive obligation as a result of past events, it is probable that an outflow of resources will be required to settle the obligation and the amount can be reliably estimated. Provisions are not recognised for future operating losses.

Provisions are measured at the present value of management’s best estimate of the expenditure required to settle the present obligation at the end of the reporting period. The discount rate used to determine the present value is a pre tax rate that reflects current market assessments of the time value of money and the risks specific to the liability. The increase in the provision due to the passage of time is recognised as interest expense.

Contingent Liabilities are disclosed in respect of possible obligations that arise from past events but their existence will be confirmed by the occurrence or non occurrence of one or more uncertain future events not wholly within the control of the Group or where any present obligation cannot be measured in terms of future outflow of resources or where a reliable estimate of the obligation cannot be made.

A contingent asset is disclosed, where an inflow of economic benefits is probable. An entity shall not recognize contingent asset unless the recovery is virtually certain.

XVI. Borrowing costs

General and specific borrowing costs directly attributable to the acquisition/ construction of qualifying assets, which are assets that necessarily take a substantial period of time to get ready for their intended use, are added to the cost of those assets, until such time the assets are substantially ready for their intended use. All other borrowing costs are recognised as an expense in Statement of Profit and Loss in the period in which they are incurred.

XVILEmployee benefits

a) Defined contribution plan

The Company’s contribution to Provident Fund and Employees State Insurance Scheme is determined based on a fixed percentage of the eligible employees’ salary and charged to the Statement of Profit and Loss on accrual basis. The Company has categorised its Provident Fund, labour welfare fund and the Employees State Insurance Scheme as a defined contribution plan since it has no further obligations beyond these contributions.

b) Defined benefits plan

The Company’s liability towards gratuity, being a defined benefit plan are accounted for on the basis of an independent ''actuarial valuation based on Projected Unit Credit Method.

Service cost and the net interest cost is included in employee benefit expense in the Statement of Profit and Loss.

Actuarial gains and losses comprise experience adjustments and the effects of changes in actuarial assumptions and are recognised immediately in ‘other comprehensive income’ as income or expense.

c) Compensated absences

Accumulated compensated absences, which are expected to be availed or encashed within 12 months from the end of the year are treated as short term employee benefits. The obligation towards the same is measured at the expected cost of accumulating compensated absences as the additional amount expected to be paid as a result of the unused entitlement as at the year end. The Company’s liability is actuarially determined (using the Projected Unit Credit method)

XVIILSignificant management judgements in applying accounting policies and estimation uncertainty

When preparing the financial statements, management makes a number of judgements, estimates and assumptions about the recognition and measurement of assets, liabilities, income and expenses. 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.

Impairment of non-financial assets

In assessing impairment, management estimates the recoverable amount of each asset or cash-generating unit based on expected future cash flows and uses an interest rate to discount them. Estimation uncertainty relates to assumptions about future operating results and the determination of a suitable discount rate.

Depreciation and useful lives of property, plant and equipment

Property, plant and equipment are depreciated over the estimated useful lives of the assets, after taking into account their estimated residual value. Management reviews the estimated useful lives and residual values of the assets annually in order to determine the amount of depreciation to be recorded during any reporting period. The useful lives and residual values are based on the Company’s historical experience with similar assets and take into account anticipated technological changes. The depreciation for future periods is adjusted if there are significant changes from previous estimates.

Recoverability of trade receivable

Judgements are required in assessing the recoverability of overdue trade receivables and determining whether a provision against those receivables is required. Factors considered include the credit rating of the counterparty, the amount and timing of anticipated future payments and any possible actions that can be taken to mitigate the risk of non-payment.

Provisions

Provisions and liabilities are recognized in the period when it becomes probable that there will be a future outflow of funds resulting from past operations or events and the amount of cash outflow can be reliably estimated. The timing of recognition and quantification of the liability require the application of judgement to existing facts and circumstances, which can be subject to change. Since the cash outflows can take place many years in the future, the carrying amounts of provisions and liabilities are reviewed regularly and adjusted to take account of changing facts and circumstances.

Defined benefit obligation (DBO)

Management’s estimate of the DBO is based on a number of critical underlying assumptions such as standard rates of inflation, mortality, discount rate and anticipation of future salary increases. Variation in these assumptions may significantly impact the DBO amount and the annual defined benefit expenses.

Fair value measurement

Management uses valuation techniques to determine the fair value of financial instruments (where active market quotes are not available) and non-financial assets. This involves developing estimates and assumptions consistent with how market participants would price the instrument. Management bases its assumptions on observable data as far as possible but this is not always available. In that case management uses the best information available. Estimated fair values may vary from the actual prices that would be achieved in an arm’s length transaction at the reporting date.

XIX. Foreign Currency transaction

Transactions denominated in foreign currency are recorded at exchange rate prevailling on the date of the:

I. ) Transactions or that approximates the actual rate at the date of transaction.

II. ) Non- Monetary foreign currency items are carried at cost.

III. ) Any inccome or expenses on account of exchange difference either on settlement or on translation is recognised in the statement of profit and loss account

XX. Lease

On March 30,2019,Ministry of Corporate Affairs has notified Ind AS 116,Leases. Ind AS 116 will replace the existing leases Standard, Ind AS 17 Leases, and related Interpretations. The standard set out the principles for the recognition, measurement, presentation and disclosure of leases for both parties to a contract i.e., the lessee and the lessor. Ind AS 116 introduces a single lessee accounting model and requires a lessee to recognize assets and liabilities for all leases with a term of more than twelve months, unless the underlying asset is of low value. Currently operaing lease expenses are charged to the statement of Profit & Loss. The Standard also contains enhanced disclosure requirements for lessees. Ind AS 116 substantially carries forward the lessor accounting requirements in Ind AS 17.

The effective date for adoption of Ind 116 is annual periods beginning on or after April 1, 2019. The standard permits two possible methoda of transition :

1. Full restrospective - Retrospectively to each prior period presented applying Ind AS 8 Accounting policies, changes in accounting estimates and errors.

2. Modified retrospective - Retrospectively, with the cumulative effect of initially applying the standard recognized at the date of initial application.

Under modified retrospective approach, the lessee records the lease liability as the present value of the remaining lease payments, discounted at the incremental borrowing rate and the right of use asset either as : Its carrying amount as if the standard had been applied since the commencement date, but discounted at lesse''s incremental borrowing rate at the date of initial application or an amount equal to the lease liability, adjusted by the amount of any prepaid or accrued lease payments related to that lease recognized under Ind AS 17 immediately before the date of initial application.

As a Lessor: Lease income from operating lease ,where the company is a lessor is recognised on a straight line basis over the lease term unless the receipts are structured to increase in the line with general inflation to compensate for the expected inflation.

XXI. Invento ries

Inventories are valued at lower of cost and net realizable value. Net Realizable value represents estimated selling price for inventories less all eastimated cost of completation and cost necessary to make sale.

General Note

1 .Previous years figures has been reclassified in confirmity with Current Year''s Classification.

For and on behalf of

N Singhal & Co., For and On Behalf of the Board of Directors

Chartered Accountants

(Firm Registration N. 006249C)

sd/- sd/- sd/-

(AKHIL JAIN) PRAKASH CHAND SANJAY GOTHI

Proprietor Director Managing Director

Membership N. 418990 DIN : 01740159 DIN : 00600357

sd/- sd/-

Chennai RAJESH PINCHA MEGHA SOMANI

May 3rd, 2024 CFO COMPANY SECRETERY

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

The Company is exposed to credit risk, liquidity risk and interest rate risk. The Company''s management oversees the management of these risks. The management ensures that the Company''s financial risk activities are governed by appropriate policies and procedures.

A. Credit Risk

Credit risk is the risk that counterparty will not meet its obligations under a financial instrument or customer contract leading to a financial loss. The Company is exposed to credit risk primarily from trade receivables, Loans advanced, security deposits and other financial instruments.

Trade and Other Receivables:-

The Company''s exposure to credit risk is influenced mainly by the individual characteristics of each customer. Management also considers the factors that may influence the credit risk of its customer base. The Company considers factors such as credit track record in the market and past dealings for extension of credit to customers. The Company monitors the payment track record of the customers.

The Carrying amount reflected above represents the maximum exposure to credit risk.

Cash and Cash Equivalents:-

The Company held cash and cash equivalents of Rs. 11.51 Lakh At March 31, 2024 (March 31, 2023: Rs. 1.31 Lakh).

Liquidity risk is the risk that the Company will encounter difficulty in meeting the obligations associated with its financial liabilities that are settled by delivering cash or another financial asset. The Company''s approach to managing liquidity is to ensure, as far as possible, that it will have sufficient liquidity to meet its liabilities when they are due, under both normal and stressed conditions, without incurring unacceptable losses or risking damage to the Company''s reputation. The following are the remaining contractual maturities of financial liabilities at the reporting date. The amounts are gross and undiscounted, and include estimated interest payments.

C. Market Risk

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. The Company has Market risk comprises three types of risk: currency risk, interest rate risk and other price risk such as equity price risk and commodity price risk. The Company is primarily exposed to Interest rate risk. The objective of management is to manage and control market risk exposures within acceptable parameters.

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. The Company is exposed to interest rate risk resulting from fluctuations in interest rates. The Company''s Interest rate risk arises from Borrowings.

Interest Rate Sensitivity:-

Profit or loss is sensitive to higher/lower interest expense from borrowings as a result of change in interest rates. The following table demonstrates the sensitivity of floating rate financial instruments to a reasonably possible change in interest rates.

There are no Scheme of Arrangements approved by the Competent Authority in terms of sections 230 to 237 of the Companies Act, 2013 during the year.

Note 31 : Undisclosed Income

There are no transactions that have been surrendered or disclosed as income during the year in the tax assessments under the Income Tax Act, 1961 which have not been recorded in the books of account.

Note 32 : Details of Crypto Currency or Virtual Currency

The Company did not trade or invest in Crypto Currency or virtual currency during the financial year. Hence, disclosures relating to it are not applicable.

Note 33 : Advance or loan or investment to intermediaries and receipt of funds from intermediaries

The company has not advanced or loaned or invested funds (either borrowed funds or share premium or any other sources or kind of funds) to any other person(s) or entity(ies), including foreign entities (Intermediaries) with the understanding (whether recorded in writing or otherwise) that the Intermediary shall (i) 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 (ii) provide any guarantee, security or the like to or on behalf of the Ultimate Beneficiaries.

The company has also 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 (i) 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 (ii) provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries.

sd/- sd/-

PRAKASH CHAND SANJAY GOTHI

Director Managing Director

DIN : 01740159 DIN : 00600357

sd/- sd/-

RAJESH PINCHA MEGHA SOMANI

CFO COMPANY SECRETERY

Chennai May 3rd, 2024

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Mar 31, 2019

Note 1. The Company Overview

Gothi Plascon (India) Limited (or the “Company”), is a pioneer in real estate has excelled over the years to offer an array of professional services in the realty business.

Gothi Plascon (India) Limited is a public limited company incorporated and domiciled in India. The address of its registered office is , Gothi Plascon (India) Limited, 17/5B,1 A ,Vazhudavur Road, Kurumbapet, Puducherry - 605009, India. The company has its primary listing with BSE Ltd.

(Bombay Stock Exchange) .Company is Engaged in business of renting of Immovable Properties.

Note 2. Basis of preparation of financial statements

I. Statement of compliance and basis of preparation

These financial statements are prepared in accordance with Indian Accounting Standards (“Ind AS”), the provisions of the Companies Act, 2013 (“the Companies Act”), as applicable and guidelines issued by the Securities and Exchange Board of India (“SEBI”). The Ind AS are prescribed under Section 133 of the Act read with Rule 3 of the Companies (Indian Accounting Standards) Rules, 2015 and Companies (Indian Accounting Standards) Amendment Rules, 2016

Accounting policies have been applied consistently to all periods presented in these financial statements.

The financial statements correspond to the classification provisions contained in Ind AS 1, “Presentation of Financial Statements”. For clarity, various items are aggregated in the statements of profit and loss and balance sheet. These items are disaggregated separately in the notes to the financial statements, where applicable All amounts included in the financial statements are reported in actual denominations of Indian rupees except share and per share data, unless otherwise stated. Due to rounding off, the numbers presented throughout the document may not add up precisely to the totals and percentages may not precisely reflect the absolute figures. Previous year figures have been regrouped/re-arranged, wherever necessary.

II. Basis of measurement

These financial statements have been prepared on a historical cost convention and on an accrual basis.

III. Use of estimates and judgment

The preparation of the financial statements in conformity with Ind AS requires management to make judgments, estimates and assumptions that affect the application of accounting policies and the reported amounts of assets, liabilities, income and expenses. Actual results may differ from those estimates.

Estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimates are revised and in any future periods affected. In particular, information about significant areas of estimation, uncertainty and critical judgments in applying accounting policies that have the most significant effect on the amounts recognised in the financial statements are included in the following notes:

a. Revenue Recognition

Revenue has been measured based on fair value of the consideration received/receivable.

b. Income Tax

The major tax jurisdiction for the Company is in India. Significant judgments are involved in determining the provision for income taxes including judgment on whether tax positions are probable of being sustained in tax assessments. A tax assessment can involve complex issues, which can only be resolved over extended time periods. Income Taxes have been calculated based on The Income Tax Act, 1961 read with Rules there under.

c. Deferred Tax

Deferred tax is recorded on temporary differences between the tax bases of assets and liabilities and their carrying amounts, at the rates that have been enacted or substantively enacted at the reporting date. The ultimate realization of deferred tax assets is dependent upon the generation of future taxable profits during the periods in which those temporary differences and tax loss carryforwards become deductible. The Company considers the expected reversal of deferred tax liabilities and projected future taxable income in making this assessment. The amount of the deferred tax assets considered realisable, however, could be reduced in the near term if estimates of future taxable income during the carry-forward period are reduced.

d. Useful lives of property, plant and equipment

The Company depreciates property, plant and equipment on a straight-line basis over estimated useful lives of the assets. The charge in respect of periodic depreciation is derived based on an estimate of an asset’s expected useful life and the expected residual value at the end of its life. 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 technology. The estimated useful life is reviewed at least annually.

IV. Current and Non Current classification

All assets and liabilities have been classified as current or non-current as per the Company’s normal operating cycle (twelve months) and other criteria set out in the Schedule III to the Act.

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Mar 31, 2016

1. Average percentile increase already made in the salaries of employees other than the managerial personnel in the last financial year and its comparison with the percentile increase in the managerial remuneration and justification thereof - Refer point 6 above

2. Comparison of the each remuneration of the Key Managerial Personnel against the performance of the company - Refer point 6 above

3. The key parameters for any variable component of remuneration availed by the director No variable paid

4. The ratio of the remuneration of the highest paid director to that of the employees who are not directors but receive remuneration in excess of the highest paid director during the year NIL

5. Affirmation that the remuneration is as per the remuneration policy of the company YES

6. If employed throughout the financial year, was in receipt of remuneration for that year which, in the aggregate, was not less than sixty lakh rupees NIL

7. If employed throughout the financial year or part thereof, was in receipt of remuneration in that year which, in the aggregate, or as the case may be, at a rate which, in the aggregate, is in excess of that drawn by the managing director or whole-time director or manager and holds by NIL

8. Provided that the particulars of employees posted and working in a country outside India, not being directors or their relatives, drawing more than sixty lakh rupees per financial year or five lakh rupees per month, as the case may be, as may be decided by the Board, shall not be circulated to the members in the Board''s report, but such particulars shall be filed with the Registrar of Companies while filing the financial statement and Board Reports NIL

a) TERMS/RIGHTS ATTACHED TO EQUITY SHARES

1. The company has only one class of equity shares having par value of 10 per share. Each holder of equity share is . entitled to one vote per share . The company declares and pays dividends in Indian rupees. The dividend proposed by the Board of directors is subject to the approval of the shareholders in the ensuring Annual General Meeting.

During the year ended 31 March 2016 , the amount of per share dividend recognised as distributions to equity shareholders was Nil.(31 March 2015 : Nil)

In the event of liquidation of the company , the holders of equity shares will be entitled to receive remaining assets of the company, after distribution of all preferential amounts. The distribution will be proportion to the number of equity shares held by the shareholders.

Aggregate number of bonus shares issued, shares issued for consideration other than cash and shares bought back during the period of five years immediately proceeding the reporting date is Nil.

Shares reserved for issue under options and contracts/commitments for the sale of shares/disinvestments are Nil. Shares held by holding/ultimate holding company and/or their subsidiaries/associates are Nil.

9. EARNINGS PER SHARE

Basic earnings per share are calculated by dividing the net profit or loss for the period attributable to equity shareholders (after deducting preference dividends and attributable taxes) by the weighted average number of equity shares outstanding during the period. 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 are adjusted for the effects of all dilutive potential equity shares.

10. SEGMENT REPORTING

The company''s business consists of one primary reportable business segment of rental income, hence no separate disclosures pertaining to attributable revenues, profits, assets, liabilities and capital employed are given as required under Accounting Standard – 17.

11. Leases

The Company has leased out its building on operating lease. There are no non cancellable leases.

12. Previous year figures have been regrouped wherever necessary to conform to current years classification.

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Mar 31, 2015

1. CORPORATE INFORMATION

Gothi Plascon (India) Limited (the company) is a public company domiciled in India and incorporated under the provisions of the Companies Act, 1956. Its shares are listed on one stock exchange in India.

2. BASIS OF ACCOUNTING

The financial statements of the company have been prepared in accordance with the generally accepted accounting principles in India (Indian GAAP). The company has prepared these financial statements to comply in all material respects with the accounting standards notified under section 133 of the Companies Act 2013, read together with paragraph 7 of the Companies (Accounts) Rules 2014. The financial statements have been prepared on an accrual basis and under the historical cost convention The accounting policies adopted in the preparation of financial statements are consistent with those of previous year

3.share capital

a) TERMS/RIGHTS ATTACHED TO EQUITY SHARES

1. The company has only one class of equity shares having par value of 10 per share. Each holder of equity share is . entitled to one vote per share. The company declares and pays dividends in Indian rupees. The dividend proposed by the Board of directors is subject to the approval of the shareholders in the ensuring Annual General Meeting. During the year ended 31 March 2015, the amount of per share dividend recognized as distributions to equity shareholders was Nil.(31 March 2014: Nil)

In the event of liquidation of the company, the holders of equity shares will be entitled to receive remaining assets of the company, after distribution of all preferential amounts. The distribution will be proportion to the number of equity shares held by the shareholders.

4. SEGMENT REPORTING

The company's business consists of one primary reportable business segment of rental income, hence no separate disclosures pertaining to attributable revenues, profits, assets, liabilities and capital employed are given as required under Accounting Standard - 17.

5. RELATED PARTY TRANSACTIONS

Related parties with whom transactions have taken place:

Sl.No. Name Relationship

1 Gothi Impex Enterprises where Director has significant control or influence

2 Sanjay Gothi HUF Enterprises where key management personnel has significant control or influence

3 Sumitra Gothi Relative of Director

4 Sanjana Gothi Relative of Director

5 Pranay Gothi Relative of Director

6 Parasmal Gothi Director

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Mar 31, 2014

1. CORPORATE INFORMATION

Gothi Plascon (India) Limited (the company) is a public company domiciled in India and incorporated under the provisions of the Companies Act, 1956. Its shares are listed on one stock exchange in India. The company was engaged in the manufacturing and selling of plastic items. The company caters to domestic markets only. Company has stopped its operation of manufacturing and selling of plastic items and earning rental income.

2. BASIS OF ACCOUNTING

The financial statements of the company have been prepared in accordance with generally accepted accounting principles in India (Indian GAAP). The company has prepared these financial statements to comply in all material respects with the accounting standards notified under the Companies

(Accounting Standards) Rules, 2006, (as amended) and the relevant provisions of the Companies Act, 1956 as per revised Schedule VI. The financial statements have been prepared on an accrual basis and under the historical cost convention.

The accounting policies adopted in the preparation of financial statements are consistent with those of the previous year.

A) CONTINGENT LIABILITIES

A contingent liability is a possible obligation that arises from past events whose existence will be confirmed by the occurrence or non-occurrence of one or more uncertain future events beyond the control of the company or a present obligation that is not recognized because it is not probable that on outflow of resources will be required to settle the obligation. A contingent It ability also arises in extremely rare cases where there is a liability that cannot be recognized because it cannot be measured reliably. The company does not recognized a contingent liability but discloses its existence in the financial statements.

B) FOREIGN CURRENCY TRANSACTIONS Expenditure in Foreign Currency - Nil Earning in Foreign Currency - Nil

C) EBITDA

As permitted by the Guidance Note on the Revised Schedule Vlto the Companies Act, 1956, the company has elected to present earnings before interest, tax, depreciation and amortization (EBITDA) as a separate line item on the face of the statement of profit and loss. The company measures EBITDA on the basis of profit/ (loss) from continuing operations. In its measurement, the company does not include depreciation and amortization expense, finance costs and tax expense.

i) PROVIDENT FUND No provident fund is payable by company. In the opinion of the Board of Directors, Current Assets, Loans and Advances have a value on realization, in the ordinary course of business, at least equal to the amount at which they are stated.

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Mar 31, 2013

1. Business Loss and unabsorbed depreciation carried over as per Income Tax Act up to 31.03.2013 is Rs 6,50b65,l 15 which will be adjusted against profits of the Company in subsequent years. Continent tax benefits out of such adjustment is not accounted for as the Company is not anticipating the profit to the extent of accumulated losses.

2. Exceptional items disclosed on the race of Statement of Profit & Loss represents the loss on sale of assets amounting to Rs 44,00,278

3. Previous year figures have been regrouped wherever necessary.

4. CORPORATE INFORMATION

Gothi Plascon (India) Limited (the company) is a public company domiciled in India and incorporated under the provisions of the Companies Act, 1956. Its shares are listed on one stock exchange in India. The company is engaged in the manufacturing and selling of plastic items. The company caters to domestic markets only.

5. BASIS OF ACCOUNTING

The financial statements of the company have been prepared in accordance with generally accepted accounting principles in India (Indian GAAP). The company has prepared these financial statements to comply in all material respects with the accounting standards notified under the Companies (Accounting Standards) Rules, 2006, (as amended) and the relevant provisions of the Companies Act, 1956 as per revised Schedule VI. The financial statements have been prepared on an accrual basis and under the historical cost convention.

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Mar 31, 2012

1. Contingent Liabilities

A contingent liability is a possible obligation that arises from past events whose existence will be confirmed by the occurrence or non-occurrence of one or more uncertain future events beyond the control of the company or a present obligation that is not recognized because it is not probable that an outflow of resources will be required to settle the obligation. A contingent liability also arises in extremely rare cases where there is a liability that cannot be recognized because it cannot be measured reliably. The company does not recognize a contingent liability but discloses its existence in the financial statements.

2. Expenditure in Foreign Currency - Nil

Earning in Foreign Currency - Nil

3. FOREIGN EXCHANGE TRANSACTIONS: - Nil

4. PROVIDENT FUND:

Company's contribution to provident fund is accounted on accrual basis and is charges to revenue account.

5. In the opinion of the Board of Directors, Sundry debtors, Current assets, Loans and Advances have a value on realization, in the ordinary course of business, at least equal to the amount at which they are stated.

6. The company is yet to receive confirmations from parties in respect of balances outstanding in sundry debtors and creditors.

7. Long Term borrowings

Aggregate number of bonus shares issued, shares issued for consideration other than cash and snares bought back during the period of five years immediately preceding die reporting date is Nil Shares reserved for issue under options and contracts/commitments fix the sale of shares/disinvestment are Nil

Shares held by holding/ultimate holding company and/or their subsidiaries/associates are Nil

There are no unpaid calls on any shares and mere are no forfeited shares.

8. SEGMENT REPORTING:

The Company's business consists of one primary reportable business segment of manufacturing and sale of Plastic items with manufacturing facility at single place and consists of major revenue on account of domestic sales, hence no separate disclosures pertaining to attributable revenues, profits, assets, liabilities and capital employed are given as required under Accounting Standard -17.

9. EARNINGS PER SHARE (EPS)

The earnings considered in ascertaining the Company's Earnings per share comprise of net profit after tax. The number of shares used in computing Basic earnings per share is the weighted average number of shares outstanding during the year. The numerators and denominators used to Calculate earnings per share.

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Mar 31, 2011

1. Previous Year figures have been rearranged and regrouped wherever necessary.

2. Loss on Sale of Fixed Assets Accounted NIL

3. Directors have not withdrawn managerial remuneration due to loss in company although they are entitled to, even in the case of loss except Sri. K. Desikan who has withdrawn Rs. 2,28,600/-

4. FOREIGN EXCHANGE TRANSACTIONS:-Nil

5. PROVIDENT FUND:

Companys contribution to provident fund is accounted on accrual basis and is charges to revenue account.

6. In the opinion of the Board of Directors, Sundry debtors, Current assets, Loans and Advances have a value on realization, in the ordinary course of business, at least equal to the amount at which they are stated.

7. The company is yet to receive confirmations from parties in respect of balances outstanding in sundry debtors and creditors.

8. SEGMENT REPORTING:

The Companys business consists of one primary reportable business segment of manufacturing and sale of Plastic items with manufacturing facility at single place and consists of major revenue on account of domestic sales, hence no separate disclosures pertaining to attributable revenues, profits, assets, liabilities and capital employed are given as required under Accounting Standard -17.

9. As there is loss, no tax is deferred.

10. Business Loss and Unabsorbed depreciation being carried over as per Income Tax Act up to 31/03/2011 is Rs. 807.80. Lakhs, which will be adjusted against profits of company in subsequent year. Contingent Tax benefits out of such adjustment is not accounted for as there is very rare chances of future tax liability.

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Mar 31, 2010

1. Previous Year figures have been rearranged and regrouped wherever necessary.

2. Loss on Sale of Fixed Assets Accounted Rs. 24,75,937.26/-

3. Directors have not withdrawn managerial remuneration due to loss in company although they are entitled to, even in the case of loss except Sri. K. Desikan who has withdrawn Rs. 2,01,600/-

4. FOREIGN EXCHANGE TRANSACTIONS: - Nil

5. PROVIDENT FUND:

Companys contribution to provident fund is accounted on accrual basis and is charges to revenue account.

6. In the opinion of the Board of Directors, Sundry debtors, Current assets, Loans and Advances have a value on realization, in the ordinary course of business, at least equal to the amount at which they are stated.

7. The company is yet to receive confirmations from parties in respect of balances outstanding in sundry debtors and creditors.

8. SEGMENT REPORTING:

The Companys business consists of one primary reportable business segment of manufacturing and sale of Plastic items with manufacturing facility at single place and consists of major revenue on account of domestic sales, hence no separate disclosures pertaining to attributable revenues, profits, assets, liabilities and capital employed are given as required under Accounting Standard -17.

9. As there is loss, no tax is deferred.

10. Business Loss and Unabsorbed description being carried over as per Income Tax Act up to 31/03/2010 is Rs.1,044.45 Lakhs, which will be adjusted against profits of company in subsequent year. Contingent Tax benefits out of such adjustment is not accounted for.