Notes to Accounts of Jain Marmo Industries Ltd.

Mar 31, 2024

2.13 Provisions, Contingent Liabilities and Contingent Assets

Provisions are recognised when the Company has a present obligation (legal or constructive) 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 a reliable
estimate can be made of the amount of the obligation.

Contingent Liability is disclosed in case of a present obligation arising from past events, when it is not probable that an
outflow of resources will be required to settle the obligation or where no reliable estimate is possible. Contingent liabilities
are not recognised in financial statements but are disclosed in notes.

Contingent asset is a possible asset that arises from past events and whose existence will be confirmed only by the
occurrence or non-occurrence of one or more uncertain future events not wholly within the control of the entity.
Contingent assets are not recognised in financial statements and are disclosed in notes.

2.14 Foreign Currency Transactions

Transactions in foreign currency are recorded at exchange rates prevailing at the date of transactions. Exchange differences
arising on foreign exchange transactions settled during the year are recognised in the statement of profit and loss of the
year.

Monetary assets and liabilities denominated in foreign currencies which are outstanding, as at the reporting date are
translated at the closing exchange rates and the resultant exchange differences are recognised in the statement of profit
and loss.

Non-monetary items that are measured in terms of historical cost in a foreign currency are recognised using the exchange
rate at date of initial transactions, are not retranslated.

In respect of forward contracts, the premium or discount on these contracts is recognized as income or expenditure over the
period of the contract. Any profit or loss arising on the cancellation or the renewal of such contracts is recognized as income
or expense for the year.

2.15 Impairment
Non-financial assets

The carrying amount of non- financial assets other than inventories are assessed at each reporting date to ascertain whether
there is any indication of impairment. If any such indication exists then the asset''s recoverable amount is estimated. An
impairment loss is recognised as an expenses in the Statement of Profit and Loss, for the amount by which the asset''s
carrying amount exceeds its recoverable amount. The recoverable amount is the higher of an asset''s fair value less cost to
sell and value in use. Value in use is ascertained through discounting of estimated future cash flows using a discount rate
that reflects the current market assessments of the time value of money and the risk specific to the assets. For the purpose
of assessing impairment, assets are grouped at the lowest levels into cash generating units for which there are separately
identifiable cash flows.

An impairment loss is reversed if there has been a change in the estimates used to determine the recoverable amount. An
impairment loss is reversed only to the extent that asset''s carrying amount does not exceed the carrying amount that would
have been determined, net of depreciation or amortisation, if no impairment had been recognised.

Financial assets

The Company assesses at each date of balance sheet whether a financial asset or a group of financial assets is impaired. Ind
AS 109 requires expected credit losses to be measured through a loss allowance. In determining the allowances for doubtful
trade receivables, the Company has used a practical expedient by computing the expected credit loss allowance for trade
receivables based on a provision matrix. The provision matrix takes into account historical credit loss experience and is
adjusted for forward looking information. The expected credit loss allowance is based on the ageing of the receivables that
are due and allowance rates used in the provision matrix.

2.16 Government Grant

Government grants are recognised when there is a reasonable assurance that the grant will be received and all attached
conditions will be complied with. Government grants relating to an expense item is recognised in the statement of profit and
loss over the period necessary to match them with costs that they are intended to compensate are expensed. Government
grants relating to asset is recognised as income in equal amounts over the useful life of the asset.

2.17 Earning Per Share (EPS)

Basic earnings per share is computed by dividing the profit/(loss) after tax by the weighted average number of equity shares
outstanding during the year. Diluted earnings per share is computed by dividing the profit/(loss) after tax as adjusted for
dividend, interest and other charges to expense or income relating to the dilutive potential equity shares, by the weighted
average number of equity shares considered for deriving basic earnings per share and the weighted average number of
equity shares which could have been issued on the conversion of all dilutive potential equity shares.

2.18 Cash Flow Statement

Cash flows are reported using the indirect method, as set out in Ind AS 7 ''Statement of Cash Flows'', 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.

2.19 Cash and Cash Equivalents

Cash and cash equivalents in the balance sheet comprise cash at banks and on hand and short-term deposits with an original
maturity of three months or less, which are subject to an insignificant risk of changes in value.

2.20 Borrowing Costs

Borrowing costs directly attributable to the acquisition, construction or production of a qualifying asset that necessarily
takes a substantial period of time to get ready for its intended use or sale are capitalized as part of the cost of the asset, until
such time as the assets are substantially ready for the intended use or sale. Interest income earned on temporary
investment of specific borrowings pending their expenditure on qualifying assets is deducted from the borrowing costs
eligible for capitalisation. The borrowing costs other than attributable to qualifying assets are recognised in the profit or loss
in the period in which they incurred.

2.21 Financial Instruments

The company recognizes financial assets and financial liabilities when it becomes a party to the contractual provisions of the
instrument. Financial assets and financial liabilities are initially measured at fair value. Transaction costs that are directly
attributable to the acquisition or issue of financial assets and financial liabilities (other than financial assets and financial
liabilities at fair value through profit or loss) are added to or deducted from the fair value of the financial asset or financial
liabilities, as appropriate, on initial recognition. Transactions costs directly attributable to the acquisition of financial assets
or financial liabilities at fair value through profit or loss are recognised immediately in Statement of Profit and loss.

Financial assets

All regular way purchases or sale of financial assets are recognised and derecognised on a trade date basis. Regular way
purchases or sales are purchases or sale of financial assets that require delivery of assets within the time frame established
by regulation or convention in the market place. All recognised financial assets are subsequently measured in their entirety
at either amortized cost or fair value, depending on the classification of the financial assets.

Classification of Financial Assets

(i) Financial assets carried at amortised cost

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

(ii) Financial assets at fair value through other comprehensive income

A financial asset is subsequently measured at fair value through other comprehensive income if it is held within a business
model whose objective is achieved by both collecting contractual cash flows and selling financial assets and the contractual
terms of the financial asset give rise on specified dates to cash flows that are solely payments of principal and interest on the
principal amount outstanding.

(iii) Financial assets at fair value through profit or loss

A financial asset which is not classified in any of the above categories is subsequently fair valued through profit or loss.

(iv) Financial liabilities

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

(v) Equity instrument

An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its
liabilities. Equity instruments are recorded at the proceeds received, net of direct issue costs.

c) Derecognition

The company derecognizes a financial asset when the contractual rights to the cash flows from the financial asset expire or it
transfers the financial asset and the transfer qualifies for derecognition under Ind AS 109. A financial liability (or a part of a
financial liability) is derecognized from the company''s balance sheet when the obligation specified in the contract is
discharged or cancelled or expires.

d) Offsetting of financial instruments

Financial assets and financial liabilities are offset and the net amount is reported in the balance sheet if there is a currently
enforceable legal right to offset the recognised amounts and there is an intention to settle on a net basis, to realise the
assets and settle the liabilities simultaneously.

2.22 Fair Value Measurement

The Company measures financial instruments at fair value at each balance sheet date. 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 of an asset or a liability is measured using the assumptions that market participants would
use when pricing the asset or liability, assuming that market participants act in their economic best interest.

All assets and liabilities for which fair value is measured or disclosed in the financial statements are categorised within the
fair value hierarchy, described as follows, based on the lowest level input that is significant to the fair value measurement as
a whole:

Level 1 - Quoted (unadjusted) market prices in active markets for identical assets or liabilities

Level 2 - Valuation techniques for which the lowest level input that is significant to the fair value measurement is directly or
indirectly observable.

Level 3 * Valuation techniques for which the lowest level input that is significant to the fair value measurement is
unobservable.

2.23 Recent Accounting Pronouncement

Ministry of Corporate Affairs ("MCA") notifies new standards or amendments to the existing standards under Companies
(Indian Accounting Standards) Rules as issued from time to time. For the year ended March 31, 2024, MCA has not notified
_any new standards or amendments to the existing standards applicable to the Company._

1) Fair value of cash and deposits, trade receivables, trade payables, and other current financial assets and liabilities approximate their carrying
- amounts largely due to the short-term maturities of these instruments.

Note 37: Financial Risk Management

Financial risk management policy and objectives

’ The key objective of the Company''s financial risk management is to ensure that it maintains a stable capital structure with the focus on total equity to
uphold investor, creditor, and customer confidence and to ensure future development of its business. The Company is focused on maintaining a strong
equity base to ensure independence, security, as well as financial flexibility for potential future borrowings, if required without impacting the risk
profile of the Company

Company''s principal financial liabilities, comprise Borrowings from Banks, trade and other payables. The mam purpose of these financial liabilities is to
finance Company''s operations and plant expansion. Company''s principal financial assets include investments, trade and other receivables, deposits with
banks and cash and cash equivalents, that derive directly from its operations.

Company is exposed to market risk, credit risk and liquidity risk.

The Company''s Board oversees the management of these risks. The Company''s Board is supported by senior management team that advises on
financial risks and the appropriate financial risk governance framework for the Company. The senior management provides assurance to the Company''s
Board that the Company''s financial risk activities are governed by appropriate policies and procedures and that financial risks are identified, measured
and managed in accordance with the Company''s policies and risk objectives.

The Board of Directors reviews and agrees policies for managing each of these risks, which are summarised below
i) 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 three types of risk namely interest rate risk, currency risk and price risk. Financial instruments affected by market risk include investments in
equity shares, security deposits, trade and other receivables, deposits with banks and financial liabilities.

The sensitivity analysis in the following sections relate to the position as at 31 March 2024 and 31 March 2023 The sensitivity of the relevant income
statement item is the effect of the assumed changes in respective market risks.

a) Foreign currency risk

Foreign currency risk is the risk that fair value or future cash flows of a financial instrument will fluctuate because of changes in foreign exchange rate.
The company is not exposed to foreign exchange risk arising from foreign currency transactions primarily to USD as the company makes advance
payment for the goods purchased .Company do not enter into any derivative instrument in order to hedge its foreign currency risks.

b) Interest rate risk

Interest rate risk is the risk that changes in market interest rates will lead to change in interest income and expense for the Company. In order to
optimize the Company''s position with regards to interest income & expense and to manage the interest risk, the Company performs comprehensive
interest risk management by balancing the proportion of fix & variable rate financial instruments.

c) Commodity Risk

Commodity risk is defined as the possibility of financial loss as a result of fluctuation in price of Raw Material/Finished Goods and change in demand of
the product and market in which the company operates. The Company is exposed to the movement in price of key raw materials in domestic and
international markets. The Company has in place policies to manage exposure to fluctuations in the prices of the key raw materials used in operations.
The company forecast annual business plan and execute on monthly business plan. Raw material procurement is aligned to its monthly/annual business
plan and inventory position is monitored in accordance with future price trend.

ii) Credit risk

Credit risk refers to the risk of default on its obligation by the counterparty resulting in a financial loss. The Company is exposed to credit risk mainly
- from its operating activities (primarily trade receivables) and from its financing activities, including deposits with banks.

Credit risk on trade receivables is managed by the Company through credit approvals, establishing credit limits and continuously monitoring the
creditworthiness of customers to which the Company grants credit terms in the normal course of business. The Company has no concentration of risk
as customer base in widely distributed both economically and geographically.

• An impairment analysis is performed at each reporting date on an individual basis for major clients. In addition, a large number of minor receivables are
grouped into homogenous groups and assessed for impairment collectively. The calculation is based on exchange losses historical data. The maximum
exposure to credit risk at the reporting date is the carrying value of each class of financial assets. The Company does not hold collateral as security. The
_ Company uses expected credit loss model to assess the impairment loss or gain. The Company uses a provision matrix to compute the expected credit
loss allowance for trade receivables. The provision matrix takes into account available external and internal credit risk factors such as financial
condition, ageing of outstanding and the Company''s historical experience for customers.

b) Financial instruments and cash deposits

Credit risk from balances with banks and financial institutions is managed by the Company''s treasury department in accordance with Company''s policy.
Investments of surplus funds are made only with approved counterparties and within credit limits assigned to each counterparty. Company monitors
rating, credit spreads and financial strength of its counter parties. Company monitors ratings, credit spread and financial strength of its counter parties.
Based on ongoing assessment Company adjust it''s exposure to various counterparties. Company''s maximum exposure to credit risk for the components
of balance sheet is the carrying amount as disclosed in Note 36.

Note-38 Segment Reporting

Based on guiding principles given in Ind AS 108 "Operating Segments" the Company''s business activity falls within a single operating segment namely,
"Trading and Manufacturing Marbles, Granites and other Stones & Minerals", hence the disclosure requirements relating to "Operating Segments" as
per Ind AS 108 are not applicable.

Note-39 Code on social Security

The Code on Social Security, 2020 (''code'') relating to employee benefits, during employment and post-employment, received Presidential assent on
September 28, 2020. The Ministry of Labour and Employment has released draft rules for the Code on Social Security, 2020 on November 13, 2020, and
has invited suggestions from stakeholders. The Company will assess the impact on its financial statements in the period in which the related rules to
determine the financial impact are notified and the Code becomes effective

NOTE-40 Disclosures regarding COVID-19 related measures

The COVID-19 continues to spread across the globe and India, which has contributed to a significant decline and volatility in global and Indian financial
markets and a significant decrease in global and local economic activities. The Company has used the principles of prudence in applying judgments,
estimates and assumptions to assess overall impact of the pandemic on the business and Financial Statements for the year ended 31 March 2022.
However, due to the uncertainties associated with the pandemic, the actual impact may not be in line with current estimates. The Company will
continue to closely monitor any further development relating to COVID-19, which may have impact on business and financial position. Further the
impact assessment does not indicate any adverse impact on the ability of the company to continue as a going concern.

As per our Report of even date For^fid oiyoehalf of Board of Directors

For Ravi Sharma & Co. / Ja^Marmo Indices Limited

jEtwteredAccountants fj I j ''

''(Paras Bhatla) (cz( [/''"A. I Vc j SidhartAjain VandeepJain I

p_artner V V r*-''** } I (Mataging Director) (Director)

M.NO. 418196 DIN: 01275^06 DIN: 01491361^/^

xWc^y¹

UmeshJain Heml^t^plwgi 4

Place- Udaipur (Chief ^Flnanclal Officer) (Company Secretary)

Date:25th May, 2024 PAN: AGLPJ2591A PAN : CCDPD1563L

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Mar 31, 2014

NOTE 1 Corporate Information

Jain Marmo Industries Limited is a limited company domiciled in India and incorporated under the provisions of the Companies Act, 1956. The Company is engaged in Mining, Manufacturing and Trading of Marble Blocks, Slabs & tiles.

Note 2. Loan from Canara Bank for Plant and Machinery and Stock yard (Shed) carries interest @12.25%.The Loans are repayable in 60 monthly installments.

Note 3. - Loan from Tata Capital Financial Services Limited for Vehicle carries interest @ 7.71% .The Loans are repayable in 24 monthly installments. All the above Loans are Secured by hypothecation of respective assets.

Note 4. Working Capital Borrowing from canara bank is secured by hypothecation of inventory i.e. Raw Materials, Stock in Process, Finished Goods, Stores & Spares and Book Debts (both present and future) and second charge on title documents of the land and building & hypothecation of plant & machinery situated at factory (udaipur) including uncalled capital etc. both present and future personally guaranteed by the Directors of the company. The same is repayable on demand and carries interest @ 11.45%.

Note 5 In line with the notification dated 31st March, 2009 issued by The Ministry of Corporate Affairs, amending Accounting Standard AS11 -''Effects of Changes in Foreign Exchange Rates'', the Company has chosen to exercise the option under paragraph 46 inserted in the standard by the notification. Accordingly, the company has adjusted the foreign currency exchange differences on amounts outstanding for acquisition of fixed assets, to the carrying cost of fixed assets.

Note 6 Debit & Credit Balances appearing under Sundry Debtors, Advance Receivables in Cash or in Kind , Unsecured Loans, Sundry Creditors are subject to confirmation & reconciliation. Adjustment, if any, in these accounts will be made as & when finally reconciled & confirmed. Trade Receivables & Trade Payables have been taken at their Book Value after making necessary adjustment on account of foreign exchange fluctuation except in cases of some old balances lying in account.

NOTE 7 - Contingent Liabilities & Commitments

NIL

NOTE 8 The Government of India has promulgated "The Micro, Small & Medium Enterprises Development Act" 2006 which came into force w.e.f. October 2, 2006. The Company is required to identify the Micro & Small Enterprises & pay them interest on overdue beyond the specified period irrespective of the terms agreed with the enterprises. The Company has initiated the process of identification of such suppliers. In view of no. of suppliers & no. receipt of critical inputs & response from several such potential parties, the liability of interest can neither be reliably estimated nor any required disclosure can be made. Accounting in this regard will be carried out after process is complete and reliable estimate can be made in this regard. Since the Company is regular in making payments to all suppliers, the management does not anticipate any significant interest liability.

NOTE 9- Previous year figures have been rearranged / regrouped wherever considered necessary.

NOTE 10 - Figures are rounded off to the nearest rupee.

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Mar 31, 2013

NOTE 1. Corporate Information

Jam marmo Limited is alimlted company domiciled in India and incorporated under the provisions of the Companies Act, 1956. The company is engaged in Mining, Manufacturing and trading of Marble Blocks, Slabs & tiles

NOTE 2 Basis of Preparation

The financial statements of the company have been prepared in accordance with generally accepted accounting policies 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 The financial statements have been prepared on an accrual basis under the historical cost Convention.

The accounting policies adopted in the c preparation of financial staements are consistent with those of previous years.

Note 3 Working Capital Borrowing from canara bank is secured by hybothcation in of inventory i.e Raw materials Stock in Process, Finished Goods, Stores & Spares arid Book Debts (both present and future) and second charge on title documents of the land and building & hypothecation of plant & machinery situated at factory (udaipur) including uncalled capital etc both present and future personally guaranteed by the Directors of the company The same s repayable on demand and comes interest @ 11.45%

Note 4 Related Party disclosure as required under AS 18 are given below

No. Name of the Related Party Relationship

A KEY MANAGEMENT PERSON

1 Shri Sanjay Jam Whole time Director

2 Shri Sidharth Jam Director

B RELATIVES OF KEY MANAGEMENT PERSON

1 Shri Sandeep Jain Brother of Director

2 Smt Neetu Jain Wife of Director's Brother

C ENTERPRISE OVER WHICH KMP OR THEIR RELATIVE EXERCISE CONTROL

1 Bhikshu Minerals Pvt. Ltd Director of the company is Director in the company

2 Sidhartha Marbles & Gr. Pvt. Director's father's brother is Directors inthe Company

3 Perfect Marbles Pvt. Ltd Director of the company is Director in the company

4 S.C. Jain & Brothers Director's father is Proprietor of the firm

5 Jain Marbles Director's Mother is Partner

6 Omega stones Brother of Director is Prop.

7 Omega Marmo Stones Pvt Director of the company is Director in the company

8 Jain Marble Exports Father of Director's is Partner

9 Souverign Mine & Minerals Director'Brother is Director in the company

10 Tanisq Marble & Minerals Director of the company is Director

Note 5 In line with the notification dated 31st March, 2009 issued by the Ministry of Corporate Affairs, amending Accounting Standard AS11 -Effects of Changes in foreign Exchange Rates the Company has chosen to exercise the option under paragraph 46 Inserted in the standard by the notification. Accordingly, the company has adjusted the foreign currency exchange differences on amounts outstanding for acquisition of fixed assets, to the carrying cost of fixed assets.

Note 6 Debit & Credit Balances appearing under Sundry Debtors, Advance Receivables In Cash or in Kind, Unsecured Loans, Sundry Creditors are subject to confirmation & recondition conciliation. Adjustment, if any, in these accounts will be made as & when finally reconciled & confirmed, Trade Receivables ft. Trade Payables have been taken at their Book Value after making necessary adjustment on account of freign exchange fluctuation except in cases of some old balances lying in account.

NOTE 7 - Contingent liabilities & Commitments

NIL

NOTE 8 The Government of india has Small medium enterprises development Act 2006.

NOTE 9 Previous year figures vavo been rearranged / regrouped where ever considered necessary NOTE 40 * figures arc rounded off to the nearest rupee.

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Mar 31, 2011

1. Contingent Liability Not Provided For The Year - Nil

2. Book debts, loans and advances, creditors, deposits etc have been taken at their book value awaiting respective confirmation and are subject to reconciliation

3 Loans and advances, debtors have been considered good In this respect the company holds no security other than personal guarantee of persons concerned.

4. Remuneration to Directors Comprises Salary Rs 4.20 lacs (Prev Year 4.20Lacs).

5. Retirement benefits in respect of employees are accounted for as per the Accounting Standard - 15 issued by ICAI

Retirement benefit plans.

6. Defined contribution plans

The company makes provident fund contribution to defined contribution retirement benefits plan for qualifying employees under the scheme. The Company is required contribute a special percentage of the payroll cost of fund the benefits. The Company recognized Rs. 52643/- for provident fund contribution in the profit & Loss Account The contribution payable to these plans by the company recognized at rates specified in the rules of the scheme.

7. Gratuity

The employees are entitled to gratuity that is computed as a half month's salary for every completed year of service and is payable on retirement/ termination. The company makes provision of such gratuity on the basis of actuarial valuation.

8. Leave Encashment

Leave encashment is accounted for at the time of payment. Further management do not expect any material liability due to non provision of leave encashment amount.

9. Sundry debtors/ advances includes Rs. 65.38 lacs due from Directors / Firms in which Directors are interested (Prev Year Rs 73.56 lac) Maximum amount at any time during the year Rs. 146.38 lacs (prev year Rs.108.27 lacs)

10. Loans and advances includes against supply of material of rupees 61.55 lacs due from company in which Directors are interested (prev. Year Rs. 52.08 lacs). Maximum amount at any time during the year is 141.57 lacs (Prev year.79.56 lacs) .

11 .Segment Reporting

The company is operating in only one segment ie mining and manufacturing of marble

12. Related Party disclosure as required under AS-18, Related Party Disclosure" are given below -

13. Name of the Related Parties & there relationship with the Company is given hereunder:-

No. Name of the Related Party Relationship "a key management person

1 Shu San jay Jain Whole Time Director 2 Shri Shrichand Jain Director 3 Shri Sidharth Jain Son of Director

B RELATIVES OF KEY MANAGEMENT PERSON

1 Shri Sandeep Jain . Son of Director 2 Smt. Neetu Jam Wife of Director's Son 3 Aditya Jain Son of Director's Brother

C ENTERPRISE OVER WHICH KMP OR THEIR RELATIVE EXERCISE CONTROL

1 Bhikshu Minerals Pvt Ltd Director of the company is Director 2 Jain Marble Impex Director of the company is Partner 3 Perfect Marbles Pvt Ltd Director of the company is Director 4 S.C. Jain & Brothers Director of the company is Proprietor 5 Siddhartha Marble & Director Brother is Director 6. Jain Marbles Directors's wife is Partner 7. Omega stones Son of Director is Prop

8 Omega Marino Stones Pvt Director of the company is Director Ltd.

9. Jain Ma Exports Director of the Company is Partner

10 Gelra Mines & Minerals Director Brother is Prop

11 Sanjay Marble Traders Director is Partnei

12 Souverign Mine & Minerals Director'Brother is Director P Ltd

13 Tanisq Marble & Minerals Director of the company is Director P. Ltd.

14 Ajay Marbles Director is Prop.

15 Jam Marble Enterprises Director1 Brother is Proprietor

14. Previous year figures have been regrouped and rearranged wherever deemed necessary to confirm to this year classification

15. Government of India has promulgated an Act namely "The Micro, Small & Medium Enterprises Development Act" 2006 which comes into force with effect from October.2 2006 As per the act, the company is required to identify the Micro & Small Enterprises & pay them interest on over due beyond the specified period irrespective of the terms agreed with the enterprises The company has initiated the process of identification of such suppliers. In view of no of suppliers & no receipt of critical inputs & response from several such potential parties, the liability of interest cannot be reliable estimated nor can required disclosure be made Accounting in the*, regard will be carried out after process is complete and reliable estimate can be made in this regard Since the company is regular in making payments to all suppliers the management does not anticipate any significant interest liability

16. Figures are rounded off to nearest of rupee