Notes to Accounts of Kriti Nutrients Ltd.

Mar 31, 2025

4.7 Provisions, Contingent Liabilities and Contingent Assets and Commitments

(a) 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. Such provisions
are determined based on management estimate of the amount required to settle the obligation at
the balance sheet date. When the Company expects some or all of a provision to be reimbursed, the
reimbursement is recognised as a standalone asset only when the reimbursement is virtually certain.

(b) If the effect of the time value of money is material, provisions are discounted using a current pre-tax rate
that reflects, when appropriate, the risks specific to the liability. When discounting is used, the increase in
the provision due to the passage of time is recognised as a finance cost.

(c) Contingent liabilities are disclosed on the basis of judgment of management. These are reviewed at each
balance sheet date and are adjusted to reflect the current management estimate.

(d) Contingent assets are not recognized but are disclosed in the financial statements when inflow of economic
benefits is probable. Contingent assets are assessed continually and, if it is virtually certain that an inflow
of economic benefits will arise, the asset and related income are recognised in the period in which the
change occurs.

4.8 Employee Benefits Expense
Short Term Employee Benefits

a) The undiscounted amount of short term employee benefits expected to be paid in exchange for the services
rendered by employees are recognised as an expense during the period when the employees render the
services."

Post-Employment Benefits

Defined Contribution Plans

b) A defined contribution plan is a post-employment benefit plan under which the Company pays specified
contributions to a separate entity. The Company makes specified monthly contributions towards Provident
Fund, Superannuation Fund and Pension Scheme. The Company''s contribution is recognised as an expense
in the Statement of Profit and Loss during the period in which the employee renders the related service.

Defined Benefit Plans

c) The cost of the defined benefit plan and other post-employment benefits and the present value of such
obligation are determined using actuarial valuations. An actuarial valuation involves making various
assumptions that may differ from actual developments in the future. These include the determination
of the discount rate, future salary increases, mortality rates and future pension increases. Due to the
complexities involved in the valuation and its long-term nature, a defined benefit obligation is highly
sensitive to changes in these assumptions. All assumptions are reviewed at each reporting date.

d) The Company pays gratuity to the employees whoever has completed five years of service with the Company
at the time of resignation/superannuation. The gratuity is paid @15 days salary for every completed year
of service as per the Payment of Gratuity Act 1972.

e) The gratuity liability amount is contributed to the approved gratuity fund formed exclusively for gratuity
payment to the employees.

f) The liability in respect of gratuity and other post-employment benefits is calculated using the Projected
Unit Credit Method and spread over the period during which the benefit is expected to be derived from
employees'' services.

g) Re-measurement of defined benefit plans in respect of post- employment are charged to the Other
Comprehensive Income.

4.9 Income Taxes

(a) The tax expense for the period comprises current and deferred tax. Tax is recognised in Statement of Profit
and Loss, except to the extent that it relates to items recognised in the other comprehensive income or in
equity. In which case, the tax is also recognised in other comprehensive income or equity.

Current tax

(i) Current tax assets and liabilities are measured at the amount expected to be recovered from or paid
to the taxation authorities, based on tax rates and laws that are enacted or substantively enacted at
the Balance Sheet date.

(ii) Current tax assets and tax liabilities are offset where the Company has a legally enforceable right to
set off the recognised amounts and intends either to settle on a net basis, or to realise the asset and
settle the liability simultaneously.

Deferred tax

(iii) Deferred tax is recognised on temporary differences between the carrying amounts of assets and
liabilities in the financial statements and the corresponding tax bases used in the computation of
taxable profit.

(iv) Deferred tax liabilities and assets are measured at the tax rates that are expected to apply in the
period in which the liability is settled or the asset realized, based on tax rates (and tax laws) that have
been enacted or substantively enacted by the end of the reporting period. The carrying amount of
deferred tax liabilities and assets are reviewed at the end of each reporting period.

(v) Deferred tax assets and liabilities are offset if there is a legally enforceable right to set off current tax
assets against current tax liabilities and the deferred tax assets and deferred tax liabilities relate to
income taxes levied by the same taxation authority.

4.10 Foreign currencies transactions and translation

(a) Transactions denominated in foreign currency are recorded at the exchange rate prevailing on the date of
transactions. Exchange differences arising on foreign exchange transactions settled during the year are
recognized in the Statement of profit and loss account of the year.

(b) Monetary assets and liabilities in foreign currency, which are outstanding as at the year-end, are translated
at the closing exchange rate/ forward contract booked (if any) and the resultant exchange differences are
recognized in the Statement of profit and loss account.

(c) Realized gain or loss on cancellation of forward exchange contract is recognized in the Statement of Profit
and Loss for the year.

(d) Gain/ Loss on exchange difference on pending forward exchange contract which are yet to be executed are
measured on the basis of difference between spot rate at year end and with forward contract exchange
rate (premium adjusted) of respective date through "Designated Cash flow Hedge Reserve"

4.11 Revenue recognition
I Sale of Goods

(a) Revenue from sale of goods is recognised when the significant risks and rewards of ownership have
been transferred to the buyer, recovery of the consideration is probable, the associated cost can be
estimated reliably, there is no continuing effective control or managerial involvement with the goods,
and the amount of revenue can be measured reliably.

(b) Revenue from rendering of services is recognised when the performance of agreed contractual
task has been completed.

(c) Revenue from sale of goods is measured at the fair value of the consideration received or
receivable, taking into account contractually defined terms of payment and excluding taxes or duties
collected on behalf of the government.

(d) Revenue from operations includes sale of goods, services, excise duty and adjusted for discounts
(net), and gain/ loss on corresponding hedge contracts.

II Interest income

Interest income from a financial asset is recognised using effective interest rate (EIR) method.

III Dividends

Revenue is recognised when the Company''s right to receive the payment has been established, which is
generally when shareholders approve the dividend.

IV Insurance Claims

Insurance claims are accounted for on the basis of claims admitted/ expected to be admitted to the extent
that there is no uncertainty in receiving the claims.

V Government Grants

Government grants, including non- monetary grants at fair value, are recognised when there is reasonable
assurance that the company will comply with the conditions attaching to them and that the grants will
be received.

VI Other Operating Income

Export incentives receivable are accounted for when the right to receive the credit is established and there
is no significant uncertainty regarding the ultimate collection of export proceeds.

4.12 Trade Receivables

A receivable represents the Company''s right to an amount of consideration that is unconditional (i.e., only the
passage of time is required before payment of the consideration is due). Refer to accounting policies of financial
assets in section (I) Financial instruments - initial recognition and subsequent measurement.

4.13 Contract Liabilities

A contract liability is the obligation to transfer goods or services to a customer for which the Company has received
consideration (or an amount of consideration is due) from the customer. If a customer pays consideration before
the Company transfers goods or services to the customer, a contract liability is recognised when the payment
is made, or the payment is due (whichever is earlier). Contract liabilities are recognised as revenue when the
Company performs under the contract. Costs to fulfil a contract i.e. freight, insurance and other selling expenses
are recognised as an expense in the period in which related revenue is recognised.

4.14 Financial instruments
I Financial Assets

(a) Initial recognition and measurement

All financial assets and liabilities are initially recognized at fair value. Transaction costs that are
directly attributable to the acquisition or issue of financial assets and financial liabilities, which are
not at fair value through statement of profit or loss, are adjusted to the fair value on initial recognition.
Purchase and sale of financial assets are recognised using trade date accounting.

(b) Subsequent measurement

(i) Financial assets carried at amortised cost (AC)

financial asset is 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 (FVTOCI)

A financial asset is measured at FVTOCI 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 statement of profit or loss (FVTPL)

A financial asset which is not classified in any of the above categories are measured at FVTPL.

(c) Other Equity Investments

All other equity investments are measured at fair value, with value changes recognised in Statement
of Profit and Loss, except for those equity investments for which the Company has elected to present
the value changes in ''Other Comprehensive Income''.

(d) Impairment of financial assets

(i) In accordance with Ind AS 109, the Company uses ''Expected Credit Loss'' (ECL) model, for
evaluating impairment of financial assets other than those measured at fair value through
Statement of profit and loss (FVTPL).

(ii) Expected credit losses are measured through a loss allowance at an amount equal to:

¦ The 12-months expected credit losses (expected credit losses that result from those default
events on the financial instrument that are possible within 12 months after the reporting
date); or

¦ Full lifetime expected credit losses (expected credit losses that result from all possible
default events over the life of the financial instrument) "

(iii) For trade receivables Company applies ''simplified approach'' which requires expected lifetime
losses to be recognised from initial recognition of the receivables. The Company uses historical
default rates to determine impairment loss on the portfolio of trade receivables. At every
reporting date these historical default rates are reviewed and changes in the forward looking
estimates are analysed.

(iv) For other assets, the Company uses 12 month ECL to provide for impairment loss where there
is no significant increase in credit risk. If there is significant increase in credit risk full lifetime ECL
is used.

II Financial liabilities

(a) Initial recognition and measurement

All financial liabilities are recognized at fair value and in case of loans, net of directly attributable cost.
Fees of recurring nature are directly recognised in the Statement of Profit and Loss as finance cost.

(b) Subsequent measurement

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

III Derecognition of financial instruments

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 isdischarged or cancelled or expires.

IV Impairment of non-financial assets - property, plant and equipment and intangible assets

(a) The Company assesses at each reporting date as to whether there is any indication that any property,
plant and equipment and intangible assets or group of assets, called Cash Generating Units (CGU)
may be impaired. If any such indication exists the recoverable amount of an asset or CGU is estimated
to determine the extent of impairment, if any. When it is not possible to estimate the recoverable
amount of an individual asset, the Company estimates the recoverable amount of the CGU to which
the asset belongs.

(b) An impairment loss is recognised in the Statement of Profit and Loss to the extent, asset''s carrying
amount exceeds its recoverable amount. The recoverable amount is higher of an asset''s fair value less
cost of disposal and value in use. Value in use is based on the estimated future cash flows, discounted
to their present value using pre-tax discount rate that reflects current market assessments of the
time value of money and risk specific to the assets.

(c) The impairment loss recognized in prior period accounting period is reversed if there has been a
change in the estimate of recoverable amount.

4.15 Operating Cycle

(a) The Company presents assets and liabilities in the balance sheet based on current / non-current
classification based on operating cycle.

An asset is treated as current when it is:

i. Expected to be realized or intended to be sold or consumed in normal operating cycle;

ii. Held primarily for the purpose of trading;

iii. Expected to be realized within twelve months after the reporting period, or

iv. Cash or cash equivalent unless restricted from being exchanged or used to settle a liability for at least
twelve months after the reporting period

All other assets are classified as non-current.

(b) A liability is current when:

i. It is expected to be settled in normal operating cycle;

ii. It is held primarily for the purpose of trading;

iii. It is due to be settled within twelve months after the reporting period, or

iv. There is no unconditional right to defer the settlement of the liability for at least twelve months after
the reporting period

All other liabilities are classified as non-current.

Deferred tax assets and liabilities are classified as non-current assets and liabilities.

The company has identified twelve months as its operating cycle.

4.16 Earnings Per Share

(a) Basic earnings per share are calculated by dividing the net profit or loss for the period attributable to
equity shareholders by weighted average number of equity shares outstanding during the period. The
weighted average number of equity shares outstanding during the period are adjusted for events of bonus
issue; bonus element in a right issue to existing shareholders.

(b) For the purpose of calculating diluted earnings per share, the net profit or loss for the year attributable to
equity shareholders and the weighted average number of shares outstanding during the year are adjusted
for the effects of all dilutive potential equity shares.

4.17 Dividend Distribution

Dividend distribution to the Company''s shareholders is recognised as a liability in the company''s financial
statements in the period in which the dividends are approved by the Company''s shareholders.

4.18 Statement of Cash Flows

(a) Cash and Cash equivalents

For the purpose of presentation in the statement of cash flows, cash and cash equivalents includes cash
on hand, other short-term, highly liquid investments with original maturities of three months or less that
are readily convertible to known amounts of cash and which are subject to an insignificant risk of changes
in value.

(b) Statement of Cash Flows is prepared in accordance with the Indirect Method prescribed in the Indian
Accounting Standard -7 ''Statement of Cash Flows''.

NOTE NO - 5A Critical accounting Judgment and key sources of estimation uncertainty

The preparation of the financial statements in conformity with the Ind AS requires management to make judgments,
estimates and assumptions that affect the application of accounting policies and the reported amounts of assets,
liabilities and disclosures as at date of the financial statements and the reported amounts of the revenues and
expenses for the years presented. The estimates and associated assumptions are based on historical experience
and other factors that are considered to be relevant. Actual results may differ from these estimates under different
assumptions and conditions. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions
to accounting estimates are recognized in the period in which the estimate is revised if the revision affects only that
period or in the period of the revision and future periods if the revision affects both current and future periods.

5A.1 Depreciation / amortisation and useful lives of property plant and equipment / intangible assets

Property, plant and equipment / intangible assets are depreciated / amortised over their estimated useful lives, after
taking into account estimated residual value. Management reviews the estimated useful lives and residual values
of the assets annually in order to determine the amount of depreciation / amortisation 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 / amortisation for future periods is
revised if there are significant changes from previous estimates.

5A.2 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 counter party, the
amount and timing of anticipated future payments and any possible actions that can be taken to mitigate the risk of
non-payment.

5A.3 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 requires the application of judgment to existing facts and circumstances,
which can be subject to change. The carrying amounts of provisions and liabilities are reviewed regularly and revised
to take account of changing facts and circumstances.

5A.4 Impairment of non-financial assets

The Company assesses at each reporting date whether there is an indication that an asset may be impaired. If any
indication exists, the Company estimates the asset''s recoverable amount. An asset''s recoverable amount is the higher
of an asset''s or Cash Generating Units (CGU''s) fair value less costs of disposal and its value in use. It is determined
for an individual asset, unless the asset does not generate cash inflows that are largely independent of those from
other assets or a groups of assets. Where the carrying amount of an asset or CGU exceeds its recoverable amount,
the asset is considered impaired and is written down to its recoverable amount.

In assessing value in use, the estimated future cash flows are discounted to their present value using pre-tax discount
rate that reflects current market assessments of the time value of money and the risks specific to the asset. In
determining fair value less costs of disposal, recent market transactions are taken into account, if no such transactions
can be identified, an appropriate valuation model is used.

5A.5 Impairment of financial assets

The impairment provisions for financial assets are based on assumptions about risk of default and expected cash
loss rates. The Company uses judgment in making these assumptions and selecting the inputs to the impairment
calculation, based on Company''s past history, existing market conditions as well as forward looking estimates at the
end of each reporting period.

5A.6 Employee retirement plans

The Company provides both defined benefit employee retirement plans and defined contribution plans. Measurement
of pension and other superannuation costs and obligations under such plans require numerous assumptions and
estimates that can have a significant impact on the recognized costs and obligation, such as future salary level,
discount rate, attrition rate and mortality.

NOTE No -5B Recent Pronouncements :

There are no recent pronouncements applicable for financial year 2024-25.

19.3 Rights, Preference and restrivitions attached to equity shares

The company has only one class of shares referred to as equity shares having a par value of H1 each holder of the
equity share as referred in the records of the company as of date of the shareholder meeting is referred to one vote
in respect of each share held for all matters submitted to vote in the shareholder meeting. 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 Annual General Meeting. In the event of liquidation of the company the holders of equity shares
will be entitled to receive any of the remaining assets of the company after distribution of all preferential amounts.

20.7 Brief Description of items of Other Equity are as given under:

20.7.1 General Reserve

The Company has created this reserve by transferring certain amount out of the profit at the time of distribution
of dividend

20.7.2 Capital Reserve

(Arisen due to scheme of arrangement as approved by the Hon''ble High Court of M.P.,Indore Bench )

20.7.3 Contingency Reserve(Free Reserve)

Contingency Reserve has been created to meet any known / unknown risk which may occur in future

37.1.2 In year 2010 Kriti Industries (India) Limited demerged their oil division in 3 companies and one out of them was
Kriti Nutrients Limited, Dewas. The Kriti Nutrients Limited''s factory is situated in Dewas on MPAKVN Land. MPAKVN
has demanded lease rent of H117.47 Lakhs for transfer of land in the name Kriti Nutrient Limited. But as per the legal
opinion this is not transfer of land since the Management and the Managing Director is same. Hence the company
has filed a case in High Court vide Case No. 3111/2012, dated 22/03/2012, against MPAKVN and obtained stay
order against payment of demand for lease rent. Based on the High Court''s order the company has provided Bank
Guarantee for H117.47 Lakhs till final decision of the matter.

37.1.3 Bank has given guarantee on behalf of the Company to various parties to the extent of H136.42 Lakhs including
H117.47 Lakhs mentioned in the point above (Previous Year H136.42 Lakhs.).

NOTE NO - 40 EMPLOYEE BENEFIT OBLIGATIONS

The disclosure required as per Indian Accounting Standard 19 "Employees Benefit" issued by the Institute of Chartered
Accountants of India (ICAI) and as specified under section 133 of the Companies Act, 2013 ( The Act ) read with rule
7 of the Companies ( Accounts ) Rules, 2014.

40.1 Defined Benefit Plans

(i) Gratuity

The Company has schemes (funded) for payment of gratuity to all eligible employees calculated at specified
number of days of last drawn salary depending upon the tenure of service for each year of completed service
subject to minimum service of five years payable at the time of separation upon superannuation or on exit
otherwise. These defined benefit gratuity plans are governed by Payment of Gratuity Act, 1972

The company has taken Group Gratuity and Cash Accumulation Policy issued by the LIC, which is a defined
benefit plan.

(l) A Description of any Asset-Liability Matching Strategies

It was informed by the company that Gratuity Benefits liabilities of the company are Funded. There are no
minimum funding requirements for a Gratuity Benefits plan and there is no compulsion on the part of the
Company to fully or partially pre-fund the liabilities under the Plan.

The trustees of the plan have outsourced the investment management of the fund to an insurance company.
The insurance company in turn manages these funds as per the mandate provided to them by the trustees
and the asset allocation which is within the permissible limits prescribed in the insurance regulations. Due
to the restrictions in the type of investments that can be held by the fund, it may not be possible to explicitly
follow an asset-liability matching strategy to manage risk actively in a conventional fund.

(m) The Effect of the Plan on the Entity''s Future Cash Flows

The Company has Purchased an Insurance policy to settle the Gratuity Payment to their employees. Company
may do the contribution every years based on the funding valuation carry out by insurance company based
on the latest data provided by Company.

(ii) Leave Encashment

The leave obligation cover the Company''s liability for earned leave. The entire amount of the provision of H22.27
Lacs (year ended 31/03/2024 H27.70 Lacs) is presented as current, since the company does not have an
unconditional right to defer settlement for these obligations. Expected amount towards settlement of Leave for
the next 12 months are H22.27 Lacs (year ended 31/03/2024 H27.70 Lacs).

40.2 Defined Contribution Plans
(i) Provident Fund

The Company contribution towards Provident Fund is paid to the Central Government is debited to the statement
of profit and loss. The amount debited to the statement of profit and loss during the year was H57.64 Lakhs (year
ended 31/03/2024 H36.73 Lakhs).

NOTE NO - 41 SEGMENT REPORTING

(a) The Company is primarily in the business of Oil Seed extraction and refining. The CMD of the Company, who has
been identified as the chief operating decision maker (CODM), evaluates the Company''s performance, allocate
resources based on the analysis of the various performance indicator of the Company as a single unit. Therefore,
there is no other reportable segment for the Company as per Ind AS 108-Operating Segments

NOTE NO - 44 CAPITAL MANAGEMENT

44.1 Capital Management

For the purpose of Company''s Capital Management, capital includes Issued Equity Capital, Securities Premium,
and all other Equity Reserves attributable to the Equity Holders of the Company. The primary objective of the
Company''s Capital Management is to maximize the Share Holder Value.

The Company monitors using a gearing ratio which is net debts divided by total capital plus net debt. The
company includes within net debt, interest bearing loans and borrowings, less cash and short-term deposit.

44.2Financial Risk Management

The Company''s principal financial liabilities comprise Working Capital borrowings, trade and other payables. The
main purpose of these financial liabilities is to finance the operations of the Company. The principal financial assets
include trade and other receivables and cash and short-term deposits.

The Company has assessed market risk, credit risk and liquidity risk to its financial liabilities.

(i) Market Risk

Is the risk of loss of future earnings, fair values or cash flows that may result from change of interest rates, foreign
exchange rates and other price risks. Financial instruments affected by market risks, primarily include borrowings.

Company''s Working Capital interest rates are linked to 6 M MCLR rate, reset annually. Short Term Borrowings as
and when taken are governed by prevailing rates at the time of disbursement.

If the interest rates had been 1% higher / lower and all other variables held constant, the company''s profit for the
year ended 31^st March, 2025 would have been decreased/ increased by H1.51 Lakhs (Previous year 9.44 Lakhs )

The Company is affected by the price volatility of Soya seed and oil prices. The export receivables are subject to
Forex rate volatility. Company hedges foreign exchange receivables to balance financial risk.

(ii) Credit Risk

Company sales Soya edible oil in domestic market through company''s dealers network on receipt before
dispatch basis.

Exports of Soya products are partly against Letter of Credit basis or Cash Against Document (CAD) basis and to
reputed overseas customers on 90 days credit basis. Hence the receivable risk is minimum.

The Company has used a practical expedient by computing the expected credit loss allowance for trade
receivables based on a provision matrix.

(iii) Liquidity Risk

The Company manages liquidity risk by maintaining adequate surplus, banking facilities and reserve borrowings
facilities by continuously monitoring forecasts and actual cash flows.

The Company has a system of forecasting next twelve months cash inflow and outflow and all liquidity requirements
are planned.

Trade and other payables are plugged as per credit terms and paid accordingly.

All payments are made along due dates and requests for early payments are entertained after due approval and
availing early payment discounts .

Quoted prices in an active market (Level 1): This level of hierarchy includes financial assets that are measured by
reference to quoted prices (unadjusted) in active markets for identical assets or liabilities. This Level consists of
investment in quoted equity shares and mutual funds.

Valuation techniques with observable inputs (Level 2): This level of hierarchy includes financial assets and
liabilities, measured using inputs other than quoted prices included within Level 1 that are observable for the
asset or liability, either directly (i.e. as prices) or indirectly (i.e., derived from prices).

Valuation techniques with significant unobservable inputs (Level 3): This level of hierarchy includes financial assets
and liabilities measured using inputs that are not based on observable market data (unobservable inputs). Fair
value is determined in whole or in part, using a valuation model based on assumptions that are neither supported
by prices from observable current market transactions in the same instrument nor are they based on available
market data.

48.2 Reason for variation more than 25%

* The ratio is improved due to repayment of short term borrowings.

** The ratio is improved due to repayment of short term loan resulting decreased of finance cost.

*** The ratio is decreased due to decreased in net profit margin as compared to previous year.

**** The ratio is increased due to average inventory level increased.

*****The ratio is increased due to low credit purchased.

NOTE NO - 49

The amount of Foreign Exchange gain/ (loss) included in the statement of profit S loss account is H119.21 lakhs
(Previous Year gain/ (loss) H105.79 lakhs).

NOTE NO -50 EVENTS AFTER THE REPORTING PERIOD

The Board of Directors have recommended dividend of H0.30/- per fully paid up equity share of H1/- each, aggregating

H/- 15031056 for the financial year 2024-25, which is based on relevant share capital as on March 31,2025. The actual

dividend amount will be dependent on the relevant share capital outstanding as on the record date/book closure.

NOTE NO - 51- OTHER REGULATORY DISCLOSURES

51.1 No proceedings have been initiated or pending against the company for holding any benami property under the
Benami Transactions (Prohibitions) Act, 1988 (45 of 1988) and the Rules made thereunder

51.2 The Company has not been declared willful defaulter by any bank or financial institution or other lender.

51.3 The Company does not have any transactions with companies struck off under section 248 of the Companies
Act, 2013 or section 560 of the Companies Act, 1956

51.4 The Company has complied the number of layers prescribed under clause (87) of section 2 of the Act read with
Companies (Restriction on number of Layers) Rules, 2017

51.5 No Scheme of Arrangements has been approved by the Competent Authority in terms of sections 230 to 237
of the Companies Act, 2013 during the current as well as the previous year.

51.6 The company has not advanced or loaned or invested funds (either borrowed funds or share premium or any
other source 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,

51.7 The company has not received any fund from any person(s) or entity(ies), including foreign entities (Funding
Party) with the understanding (whether recorded in writing or otherwise) that the company shall: (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 to or on behalf of the
Ultimate Beneficiaries.

51.8 The Company does not have any transaction not recorded in the books of accounts that has been surrendered
or disclosed as income during the year in the tax assessments under the Income Tax Act, 1961 (such as, search
or survey or any other relevant provisions of the Income Tax Act, 1961)

51.9 The Company has not traded or invested in Crypto Currency or Virtual Currency during the financial year as well
as in the previous financial year.

51.10 The Company has not made any contribution to any political party during the current financial year as well as in
the previous financial year.

51.11 The Company has got registration of all the charges and satisfaction with Registrar of the Companies.

NOTE NO - 52

52.1 In the opinion of the Board of Directors of the Company, the Current Assets, Loans and Advances have a value
realizable in the ordinary course of business at least equal to the amount at which they are stated and provisions
for all known liabilities are adequate and not in excess of the amount reasonably necessary.

52.2 In the opinion of the Board, all assets other than Property, Plant and Equipment, intangible assets and non¬
current investments have a value on realization in the ordinary course of business at least equal to the amount
at which they are stated.

NOTE NO - 53

The Code on Social Security, 2020 (''Code'') relating to employee benefits during employment and post-employment
received Indian Parliament approval and Presidential assent in September 2020. The Code has been published in
the Gazette of India and subsequently on November 13, 2020 draft rules were published and invited for stakeholders''
suggestions. However, the date on which the Code will come into effect has not been notified. The Company will
assess the impact of the Code when it comes into effect and will record any related impact in the period the Code
becomes effective

NOTE NO - 54

The financial statements are approved for issue by the Board of Directors in their meeting held on 22.05.2025.

This is as per our report of even date

For M Mehta S Company For and on behalf of the Board of Directors

Chartered Accountants
FRN:000957C

Nitin Bandi Shiv Singh Mehta Purnima Mehta

(Partner) (Chairman and Managing (Director)

M.No. 400394 Director)

DIN 00023523 DIN 00023632

Place: Indore Mohan Gehlot Raj Kumar Bhawsar

Date : 22^nd May 2025 (Chief Financial Officer) (Company Secretary)

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Mar 31, 2024

Rights, Preference and restrivitions attached to equity shares

The company has only one class of shares referred to as equity shares having a par value of H1 each holder of the equity share as referred in the records of the company as of date of the shareholder meeting is referred to one vote in respect of each share held for all matters submitted to vote in the shareholder meeting.

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 Annual General Meeting.

In the event of liquidation of the company the holders of equity shares will be entitled to receive any of the remaining assets of the company after distribution of all preferential amounts.

The company during the preceding five years

18.6.1 has not allotted shares pursuant to the contract without payment being received in cash;

18.6.2 has not issued shares by way of bonus shares

18.6.3 has not bought back any shares

18.7 The Board of Directors of the Company has recommended Final dividend of H0.30/- per share (Pervious year H0.25/- per share) aggregating to H150.31 Lacs which has not been recognized in the Financial Statements.

19.7 Brief Description of items of Other Equity are as given under:

19.7.1 General Reserve

The Company has created this reserve by transferring certain amount out of the profit at the time of distribution of dividend

19.7.2 Capital Reserve

(Arisen due to scheme of arrangement as approved by the Hon''bLe High Court of M.PJndore Bench )

19.7.3 Contingency Reserve(Free Reserve)

Contingency Reserve has been created to meet any known / unknown risk which may occur in future

19.7.4 Retained Earnings

Amount of retained earnings represents accumulated profit & losses of the Company as on the date of Balance sheet. Such profit and loss after adjustment of payment of dividend, transfer of any reserve as required by any statute

19.7.5 Other Reserves

Other reserves represents gain / loss on remeasurrment of defined plans.

19.7.6 Fair Valuation of Investment through OCI

Other reserves represents gain / loss on remeasurrment of equity and debt instruments

28.3 Note

28.3.1 The Company deals into Edible Oil and its related products and hence no disaggregation of revenue is provided. Other Information relating to Contract balances i.e. Trade Receivables, Advance from Customers and Geographical Location of Customers and single customers above 10% is stated in Note No. 13, 26 and 40 respectively.

28.3.2 The Performance obligation is satisfied upon dispatch of goods from the company''s premises / delivery of goods to the customer in accordance with the terms of contract with customer.

28.3.3 The revenue of the company is recognized on Goods transferred at a point of time.)

36.1.2 In year 2010 Kriti Industries (India) Limited demerged their oil division in 3 companies and one out of them was Kriti Nutrients Limited, Dewas. The Kriti Nutrients Limited''s factory is situated in Dewas on MPAKVN Land. MPAKVN has demanded lease rent of H117.47 Lakhs for transfer of land in the name Kriti Nutrient Limited. But as per the legal opinion this is not transfer of land since the Management and the Managing Director is same. Hence the company has filed a case in High Court vide Case No. 3111/2012, dated 22/03/2012, against MPAKVN and obtained stay order against payment of demand for lease rent. Based on the High Court''s order the company has provided Bank Guarantee for H117.47 Lakhs till final decision of the matter.

36.1.3 Bank has given guarantee on behalf of the Company to various parties to the extent of H136.42 Lakhs including H117.47 Lakhs mentioned in the point above (Previous Year H146.97 Lakhs).

NOTE NO - 39 EMPLOYEE BENEFIT OBLIGATIONS

The disclosure required as per Indian Accounting Standard 19 "Employees Benefit" issued by the Institute of Chartered Accountants of India (ICAI) and as specified under section 133 of the Companies Act, 2013 ( The Act ) read with rule 7 of the Companies ( Accounts ) Rules, 2014.

39.1 Defined Benefit Plans

(i) Gratuity

The Company has schemes (funded) for payment of gratuity to all eligible employees calculated at specified number of days of last drawn salary depending upon the tenure of service for each year of completed service subject to minimum service of five years payable at the time of separation upon superannuation or on exit otherwise. These defined benefit gratuity plans are governed by Payment of Gratuity Act, 1972.

Sensitivity analysis fails to focus on the interrelationship between underlying parameters. Hence, the results may vary if two or more variables are changed simultaneously.

The method used does not indicate anything about the likelihood of change in any parameter and the extent of the change if any.

(l) A Description of any Asset-Liability Matching Strategies

It was informed by the company that Gratuity Benefits liabilities of the company are Funded. There are no minimum funding requirements for a Gratuity Benefits plan and there is no compulsion on the part of the Company to fully or partially pre-fund the liabilities under the Plan.

The trustees of the plan have outsourced the investment management of the fund to an insurance company. The insurance company in turn manages these funds as per the mandate provided to them by the trustees and the asset allocation which is within the permissible limits prescribed in the insurance regulations. Due to the restrictions in the type of investments that can be held by the fund, it may not be possible to explicitly follow an asset-liability matching strategy to manage risk actively in a conventional fund.

(m) The Effect of the Plan on the Entity''s Future Cash Flows

The Company has Purchased an Insurance policy to settle the Gratuity Payment to their employees. Company may do the contribution every years based on the funding valuation carry out by insurance company based on the latest data provided by Company.

(ii) Leave Encashment

The leave obligation cover the Company''s liability for earned leave. The entire amount of the provision of H27.70 Lakhs (year ended 31/03/2023 H17.67 Lakhs) is presented as current, since the company does not have an unconditional right to defer settlement for these obligations. Expected amount towards settlement of Leave for the next 12 months are H27.70 Lakhs (year ended 31/03/2023 H17.67 Lakhs).

39.2 Defined Contribution Plans

(i) Provident Fund

The Company contribution towards Provident Fund is paid to the Central Government is debited to the statement of profit and loss. The amount debited to the statement of profit and loss during the year was H36.73 Lakhs (year ended 31/03/2023 H27.82 Lakhs).

NOTE NO - 40 SEGMENT REPORTING

(a) The Company is primarily in the business of Oil Seed extraction and refining. The CMD of the Company, who has been identified as the chief operating decision maker (CODM), evaluates the Company''s performance, allocate resources based on the analysis of the various performance indicator of the Company as a single unit. Therefore, there is no other reportable segment for the Company as per Ind AS 108-Operating Segments.

(c) Other Information

(i) No customer individually accounted for more than 10% of the company''s revenue.

(ii) Domestic information includes sales to customers located in India.

(iii) Overseas information includes sales rendered to customers located outside India.

(iv) Non-current segment assets includes property, plant and equipment, capital work in progress, intangible assets, capital advances and right of use assets

NOTE NO - 43 CAPITAL MANAGEMENT

43.1 Capital Management

For the purpose of Company''s Capital Management, capital includes Issued Equity Capital, Securities Premium, and all other Equity Reserves attributable to the Equity Holders of the Company. The primary objective of the Company''s Capital Management is to maximize the Share Holder Value.

The Company monitors using a gearing ratio which is net debts divided by total capital plus net debt. The company includes within net debt, interest bearing loans and borrowings, less cash and short-term deposit.

43.2 Financial Risk Management

The Company''s principal financial liabilities comprise Working Capital borrowings, trade and other payables. The main purpose of these financial liabilities is to finance the operations of the Company. The principal financial assets include trade and other receivables and cash and short-term deposits.

The Company has assessed market risk, credit risk and liquidity risk to its financial liabilities.

(i) Market Risk

Is the risk of loss of future earnings, fair values or cash flows that may result from change of interest rates, foreign exchange rates and other price risks. Financial instruments affected by market risks, primarily include borrowings.

Company''s Working Capital interest rates are linked to 6 M MCLR rate, reset annually. Short Term Borrowings as and when taken are governed by prevailing rates at the time of disbursement.

If the interest rates had been 1% higher / lower and all other variables held constant, the company''s profit for the year ended 31st March, 2024 would have been decreased/ increased by H9.44 Lakhs (Previous year H33.57 Lakhs).

The Company is affected by the price volatility of Soya seed and oil prices. The export receivables are subject to Forex rate volatility. Company hedges foreign exchange receivables to balance financial risk.

(ii) Credit Risk

Company sales Soya edible oil in domestic market through company''s dealers network on receipt before dispatch basis.

Exports of Soya products are partly against Letter of Credit basis or Cash Against Document (CAD) basis and to reputed overseas customers on 90 days credit basis. Hence the receivable risk is minimum.

The Company has used a practical expedient by computing the expected credit loss allowance for trade receivables based on a provision matrix.

(iii) Liquidity Risk

The Company manages liquidity risk by maintaining adequate surplus, banking facilities and reserve borrowings facilities by continuously monitoring forecasts and actual cash flows.

The Company has a system of forecasting next twelve months cash inflow and outflow and all liquidity requirements are planned.

Trade and other payables are plugged as per credit terms and paid accordingly.

All payments are made along due dates and requests for early payments are entertained after due approval and availing early payment discounts.

B Fair value hierarchy

The following table provides an analysis of financial instruments that are measured subsequent to initial recognition at fair value, grouped into Level 1 to Level 3, as described below:

Quoted prices in an active market (Level 1): This level of hierarchy includes financial assets that are measured by reference to quoted prices (unadjusted) in active markets for identical assets or liabilities. This Level consists of investment in quoted equity shares and mutual funds.

Valuation techniques with observable inputs (Level 2): This level of hierarchy includes financial assets and liabilities, measured using inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly (i.e. as prices) or indirectly (i.e., derived from prices).

Valuation techniques with significant unobservable inputs (Level 3): This level of hierarchy includes financial assets and liabilities measured using inputs that are not based on observable market data (unobservable inputs). Fair value is determined in whole or in part, using a valuation model based on assumptions that are neither supported by prices from observable current market transactions in the same instrument nor are they based on available market data.

Note: No Investments have been measured using Level 2 and Level 3 Valuation technique

NOTE NO - 48

The amount of Foreign Exchange gain/ (Loss) included in the Statement of Profit & Loss is H105.79 Lakhs (Previous Year gain/

(loss) H162.95 Lakhs).

NOTE NO -49 Events after the reporting period

The Board of Directors have recommended dividend of H0.30/- per fully paid up equity share of H1/- each, aggregating H15031056/-

for the financial year 2023-24, which is based on relevant share capital as on March 31, 2024. The actual dividend amount will

be dependent on the relevant share capital outstanding as on the record date/book closure.

NOTE NO - 50- OTHER REGULATORY DISCLOSURES

50.1 No proceedings have been initiated or pending against the company for holding any benami property under the Benami Transactions (Prohibitions) Act, 1988 (45 of 1988) and the Rules made thereunder

50.2 The Company has not been declared willful defaulter by any bank or financial institution or other lender.

50.3 The Company does not have any transactions with companies struck off under section 248 of the Companies Act, 2013 or section 560 of the Companies Act, 1956

50.4 The Company has complied the number of layers prescribed under clause (87) of section 2 of the Act read with Companies (Restriction on number of Layers) Rules, 2017

50.5 No Scheme of Arrangements has been approved by the Competent Authority in terms of sections 230 to 237 of the Companies Act, 2013 during the current as well as the previous year.

50.6 The company has not advanced or loaned or invested funds (either borrowed funds or share premium or any other source 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,

50.7 The company has not received any fund from any person(s) or entity(ies), including foreign entities (Funding Party) with the understanding (whether recorded in writing or otherwise) that the company shall: (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 to or on behalf of the Ultimate Beneficiaries.

50.8 The Company does not have any transaction not recorded in the books of accounts that has been surrendered or disclosed as income during the year in the tax assessments under the Income Tax Act, 1961 (such as, search or survey or any other relevant provisions of the Income Tax Act, 1961)

50.9 The Company has not traded or invested in Crypto Currency or Virtual Currency during the financial year as well as in the previous financial year.

50.10 The Company has not made any contribution to any political party during the current financial year as well as in the previous financial year.

50.11 The Company has got registration of all the charges and satisfaction with Registrar of the Companies.

NOTE NO - 51

51.1 In the opinion of the Board of Directors of the Company, the Current Assets, Loans and Advances have a value realizable in the ordinary course of business at least equal to the amount at which they are stated and provisions for all known liabilities are adequate and not in excess of the amount reasonably necessary.

51.2 In the opinion of the Board, all assets other than Property, Plant and Equipment, intangible assets and non-current investments have a value on realization in the ordinary course of business at least equal to the amount at which they are stated.

NOTE NO - 52

The Code on Social Security, 2020 (''Code'') relating to employee benefits during employment and post-employment received Indian Parliament approval and Presidential assent in September 2020. The Code has been published in the Gazette of India and subsequently on November 13, 2020 draft rules were published and invited for stakeholders'' suggestions. However, the date on which the Code will come into effect has not been notified. The Company will assess the impact of the Code when it comes into effect and will record any related impact in the period the Code becomes effective.

NOTE NO - 53

The financial statements are approved for issue by the Board of Directors in their meeting held on 03.05.2024.

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Mar 31, 2018

1. In accordance with the Ind AS-24 "Related Party Disclosures" issued by The Institute of Chartered Accountants of India (ICAI) and as specified under section 133 of the Companies Act, 2013 ( The Act ) read with rule 7 of the Companies ( Accounts ) Rules, 2014.The names of the related parties and the relevant disclosure is as under:-(a) Name of the related party and description of relationship:

i. Key Management Personnel:

Shri Shiv Singh Mehta, Managing Director Smt. Purnima Mehta, Director Shri Saurabh Singh Mehta, Executive Director Shri S.C. Jajoo, Chief Financial Officer

Shri Vijay Khandelwal, Company Secretary ( Appointed w. e. f. 27.06.2016)

ii. Relatives of Key Management Personnel

Smt. Devki Hirawat (Daughter of Managing Director)

Smt. Nidhi Mehta (Wife of Executive Director) iii Companies/Entities under the control of Key Management Personnel

1) Sakam Trading Pvt. Ltd. (Holding Company)

2) Kriti Industries (I) Ltd. (Fellow Subsidiary.)

3) Chetak Builders Pvt. Ltd. (Fellow Subsidiary.)

4) Kriti Auto & Engg. Plastics Pvt. Ltd. (Wholly owned subsidiary of Kriti Industries (I) Ltd)

5) Sakam Charitable Trust, Indore

2. A. Capital Management

For the purpose of Company''s Capital Management, capital includes Issued Equity Capital, Securities Premium, and all other Equity Reserves attributable to the Equity Holders of the Company. The primary objective of the Company''s Capital Management is to maximize the Share Holder Value.

The Company monitors using a gearing ratio which is net debts divided by total capital plus net debt. The company includes within net debt, interest bearing loans and borrowings, less cash and short term deposit.

B. Financial Risk Management

The Company''s principal financial liabilities comprise Working Capital borrowings, trade and other payables. The main purpose of these financial liabilities is to finance the operations of the Company. The principal financial assets include trade and other receivables and cash and short term deposits.

The Company has assessed market risk, credit risk and liquidity risk to its financial liabilities.

i. Market Risk

Is the risk of loss of future earnings, fair values or cash flows that may result from change of interest rates, foreign exchange rates and other price risks. Financial instruments affected by market risks, primarily include borrowings.

Company''s Working Capital interest rates are linked to 1 year MCLR rate, reset annually. Short Term Borrowings as and when taken are governed by prevailing rates at the time of disbursement.

If the interest rates had been 1% higher / lower and all other variables held constant, the company''s profit for the year ended 31st March, 2018 would have been decreased/ increased by Rs. 44.20 Lakhs.

The Company is affected by the price volatility of Soya seed and oil prices. The export receivables are subject to Forex rate volatility. Company hedge foreign exchange receivables to balance financial risk.

ii. Credit Risk

Company''s sales of Soya edible oil in domestic market through company''s dealers network on receipt before dispatch basis.

Exports of Soya products are partly against Letter of Credit basis or Cash Against Document (CAD) basis & to reputed overseas customers on 90 days basis. Hence the receivable risk is minimum.

iii. Liquidity Risk

The Company manages liquidity risk by maintaining adequate surplus, banking facilities and reserve borrowings facilities by continuously monitoring forecasts and actual cash flows.

The Company has a system of forecasting next month cash inflow and outflow and all liquidity requirements are planned. Trade and other payables are plugged as per credit terms and paid accordingly.

All payments are made along due dates and requests for early payments are entertained after due approval and availing early payment discounts

3. Previous year figures have been reclassified / regrouped wherever necessary.

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Mar 31, 2016

26. Other Notes to Accounts

1 Previous year figure have been reclassified/regrouped wherever necessary.

2 In the opinion of the Board of Directors of the Company, the Current Assets, Loans and Advances have a value realizable in the ordinary course of business at least equal to the amount at which they are stated and provisions for all known liabilities are adequate and not in excess of the amount reasonably necessary.

3. Contingent liabilities

4. Estimated amount of contracts remaining to be executed on Capital Account is Rs. 18.83 Lacs net of advance given (Previous Year Rs. 20.92 Lacs).

5. Bank has given guarantee on behalf of the Company to various parties to the extent of Rs. 134.69 Lacs (Previous YearRs. 134.47 Lacs).

6. Claims not acknowledge by the company on Commercial tax matters Rs. 346.61 Lacs (Previous Year 341.85 Lacs).

7. Company''s Income tax assessments have been completed up to Assessment year 2013-2014, in the opinion of Board of Director''s provision for income tax made is adequate.

8. Unpaid overdue amount due on March 31, 2016 to Micro Small and Medium Enterprises and/or ancillary industrial suppliers on account of principal together with interest aggregate to Rs. Nil.

This disclosure is given on the basis of the information available with the company regarding the status of the suppliers as defined under the Micro, Small and Medium Enterprises Development Act, 2006.

9. The amount of Foreign Exchange Gain/ (Loss) included in the statement of profit & loss is Rs. 88.71 Lacs as gain (Previous Year Gain Rs. 129.73 Lacs). Current year gain included in Other Income & Previous Year Gain amount is included in Other Income.

10. In the opinion of the Board, all the current assets shall be realized, in the ordinary course of business, at the value on which they are stated.

11. Other Long term liabilities includes Dealership deposit from Dealers and based on commercial practice these are generally not claimed in short term therefore these are treated as long term liability.

12. The Company has initiated legal action against certain debtor''s amount outstanding of Rs.16.66 Lacs.

The Company is assured of recovery of the amount on the basis of these legal cases, however a provision of Rs. 11.65 Lacs (16.66 lacs less 5.01 lacs security deposit) is provided on prudent basis. The provision for the same is netted off from the amount of debtors.

13. The disclosure required as per Accounting Standard (AS) 15 "Employees Benefit" issued by the Institute of Chartered Accountants of India (ICAI) and as specified under section 133 of the Companies Act, 2013 (The Act) read with rule 7 of the Companies (Accounts) Rules, 2014 and based on the report generated by Life Insurance Corporation of India (LIC)is as under:

14. Diminution in value of equity shares under Note No. 13 has been considered as temporary in nature hence no provision made in the books of accounts.

15. In accordance with the Accounting Standard (AS) 18 "Related Party Disclosures" issued by The Institute of Chartered Accountants of India (ICAI) and as specified under section 133 of the Companies Act, 2013 (The Act) read with rule 7 of the Companies (Accounts) Rules, 2014 the names of the related parties and the relevant disclosure is as under:-(a) Name of the related party and description of relationship:

16. Key Management Personnel:

Shri Shiv Singh Mehta, Managing Director Smt. Purnima Mehta, Director Shri Saurabh Singh Mehta, Executive Director ShriS.C.Jajoo, Chief Financial Officer Smt. Alheena Khan, Company Secretary

17. Relatives of Key Management Personnel

Smt. Devki Hirawat (Daughter of Managing Director)

Smt. Nidhi Mehta (Wife of Executive Director) iii Companies/Entities under the control of Key Management Personnel

18. Sakam Trading Pvt. Ltd.(Holding Company)

19. Kriti Industries (India) Ltd. (Subsidiary of Sakam Trading Pvt. Ltd.)

20. Kriti Auto & Engineering Plastics Pvt. Ltd. (Wholly owned subsidiary of Kriti Industries (I) ltd)

21. Chetak Builders Pvt. Ltd. (Subsidiary of Sakam Trading Pvt. Ltd.)

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Mar 31, 2015

1.1. Corporate Information

Kriti Nutrients Ltd., a public limited company domiciled in India and incorporated underthe provisions ofthe Companies Act, 1956 on 24.09.1996 and having its Registered office in Indore (MP). The company's shares are listed in the Bombay Stock Exchange (BSE). The Company is in the business of Soya Seed Extraction and Manufacturing & Selling of cooking oil under its own brand "KRITI".

2.1 Previous year figure have been reclassified /regrouped wherever necessary.

2.2 In the opinion of the Board of Directors of the Company, the Current Assets, Loans and Advances have a value realizable in the ordinary course of business at least equal to the amount at which they are stated and provisions for all known liabilities are adequate and not in excess of the amount reasonably necessary.

3 Contingent liabilities

3.1 Estimated amount of contracts remaining to be executed on Capital Account is Rs.20.92 Lacs net of advance given (Previous Year Rs. NILLacs).

3.2 Bank has given guarantee on behalf of the Company to various parties to the extent of Rs.134.47 Lacs (Previous Year Rs.134.47 Lacs).

3.3 Claims not acknowledge by the company on Commercial tax matters Rs341.85 Lacs (Previous Year 226.24Lacs).

4 Company's Income tax assessments have been completed up to Assessment year 2012-2013, in the opinion of Board of Director's provision for income tax made is adequate.

5. Unpaid overdue amount due on March 31, 2015 to Micro Small and Medium Enterprises and/or ancillary industrial suppliers on account of principal together with interest aggregate to Rs. Nil.

This disclosure is on the basis of the information available with the company regarding the status of the suppliers as defined underthe Micro, Small and Medium Enterprises Development Act, 2006.

6. The amount of Foreign Exchange Gain/ (Loss) included in the statement of profit & loss is Rs 129.73 lacs as gain (Previous Year Gain Rs. 35.75 Lacs). Current year gain included in Other Income & Previous Year Gain amount is included in Other Income.

7. In the opinion of the Board, all the current assets shall be realized, in the ordinary course of business, at the value on which they are stated.

8. Other Long term liabilities includes Dealership deposit from Dealers and based on commercial practice these are generally not claimed in short term therefore these are treated as long term liability.

9. The Company has initiated legal action against certain debtor's amount outstanding of Rs.19.86 Lacs.

The Company is assured of recovery of the amount on the basis of these legal cases, however a provision of 50% is provided on prudent basis. The provision for the same is netted off from the amount of debtors.

10. The disclosure required as per Accounting Standard (AS) 15 "Employees Benefit" issued by the Institute of Chartered Accountants of India (ICAI) and as specified under section 133 of the Companies Act, 2013 (The Act) read with rule 7 of the Companies (Accounts) Rules, 2014 and based on the report generated by Life Insurance Corporation of India (LIC) isas under:

11. The company has only one business segment to be reported namely Soya Seed Extraction, as per Accounting Standard-17.

During the year company has also started trading in Sunflower Refined Oil business. Although this is a separate segment as per AS-17, however the result of same is not required to be separately reported under AS-17.

12. During the current year the Company has followed the mandatory requirements of Schedule II of the Companies Act, 2013 and accordingly computed the depreciation based on revised useful life of the fixed assets as prescribed under schedule II of the Act. The carrying value of the Fixed Assets which have completed their useful life as on 1st April 2014, have been charged off against the General Reserve aggregating Rs.4.77 lacs. had there not been any change in useful life of the Fixed Assets, the depreciation would have been higher by Rs.28.93 lacs and consequently the profit would have been lower by Rs.28.93 lacs.

13. Diminution in value of equity shares under note 13 has been considered as temporary in nature hence no provision made in the books of accounts.

14. In accordance with the Accounting Standard (AS) 18 "Related Party Disclosures" issued by The Institute of Chartered Accountants of India (ICAI) and as specified under section 133 of the Companies Act, 2013 (The Act) read with rule 7 of the Companies (Accounts) Rules, 2014 the names of the related parties and the relevant disclosure isasunder:-

(a) Name of the related party and description of relationship:

i. Key Management Personnel:

Shri ShivSingh Mehta, Managing Director Smt. Purnima Mehta, Director Shri Saurabh Singh Mehta, Executive Director ShriS.C. Jajoo, Chief Financial Officer Shri Sumit Jaitely, Company Secretary

ii. Relatives of Key Management Personnel

Smt. Devki Hirawat (Daughter of Managing Director)

Smt. Nidhi Mehta (Wife of Executive Director) iii Companies/Entities under the control of Key Management Personnel

1) Sakam Trading Pvt. Ltd. (Holding Company)

2) Kriti Industries (I) Ltd. (Subsidiary of Sakam Trading Pvt. Ltd.)

3) Kriti Auto& Engg. Plastics Pvt. Ltd. (Wholly owned subsidiary of Kriti Industries (I) ltd)

4) Chetak Builders Pvt. Ltd. (Subsidiary of Sakam Trading Pvt. Ltd.)

*The figures mentioned in the brackets are previous year figures.

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Mar 31, 2014

1. Share Capital

1.1 Issued, Subscribed And Paid Up

50103520 equity shares of Rs 1/- each fully paid up. Out of which 49603520 shares issued on 27.01.2010 as fully paid up on account of scheme of arrangement as approved by The Hon''ble High Court of M.P. Indore Bench The company has issued only one class of shares referred to as equity shares having a par value of Rs.1 each. Holder of the equity share as referred in the records of the company as of date of the shareholder''s meeting is referred to one vote in respect of each share held for all matters submitted to vote in the shareholder''s meeting. 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 Annual General Meeting. In the event of liquidation of the company the holders of equity shares will be entitled to receive any of the remaining assets of the company after distribution of all preferential amounts.

1.2 Sakam Trading Private Limited

Pursuant to the Hon''ble High Court of M.P. order dated 1.11.2011 approving the scheme of amalgamation of promoter group companies viz Kriti Corporate Service Pvt.Ltd., Kriti Auto Accessories Private Ltd., Kasta Pipes Pvt.Ltd.and Shipra Pipe Pvt Ltd. with Sakam Trading Pvt.Ltd., the Shareholding of the above transferor companies are vested in Sakam Trading Pvt.Ltd. Thus Sakam Trading Pvt.Ltd. becomes holding company w.e.f.27.02.12 of Kriti Nutrients Ltd.

2. FIXED ASSETS

Notel: Lease hold land is on lease for 99 years and renewable for a further period and being perpetual in nature and therefore not amortized

Note2: Depreciation is reckoned from the first day of subsequent month,when the asset is first put to use

Note3 : The amount of addition of Rs.64.35 Lacs in Plant & Machinery includes Rs. 16.07 Lacs being balance value of Machinery which was capitalized and Put to use in the F.Y.2012-13.

Note4 : The amount of Rs. 200.22 Lacs includes depreciation of 0.42 Lacs, which is related to F.Y.2012-13, being depreciation on the full and final value paid during the year, for Plant and Machinery, which was Capitalized by the part value paid in F.Y.2012-13 and was actually put to use in F.Y.2012-13.

3. Corporate Information

Kriti Nutrients Ltd., a public limited company domiciled in India and incorporated under the provisions of the Companies Act, 1956 on 24/09/1996 and having its Registered office in Indore (MP). The companies shares are listed in the Bombay Stock Exchange (BSE) and Madhya Pradesh Stock Exchange (MPSE). The Company is in the business of Soya Seed Extraction and Manufacturing & Selling of cooking oil under its ownbrand"KRITI".

4. Other Notes to Accounts

4.1 Previous year figure have been reclassified /regrouped wherever necessary.

4.2 In the opinion of the Board of Directors of the Company, the Current Assets, Loans and Advances have a value realizable in the ordinary course of business at least equal to the amount at which they are stated and provisions for all known liabilities are adequate and not in excess of the amount reasonably necessary.

4.3 Contingent liabilities

4.3.1 Estimated amount of contracts remaining to be executed on Capital Account is Nil of advance given (Previous Year Rs. 0.84 Lacs).

4.3.2 Bank has given guarantee on behalf of the Company to various parties to the extent of Rs.134.47 Lacs (Previous Year Rs.150.59 Lacs.)

4.3.3 Claims not acknowledge by the company on Commercial tax matters Rs 226.24Lacs (Previous Year 226.24Lacs)

4.4 Installments of term loans from financial institutions falling due within one year are Rs 457.01 lacs (Previous year Rs. 556.88 Lacs).

4.5 Company''s Income tax assessments have been completed up to Assessment year 2011-2012. In the opinion of Board of Director''s provision for income tax made is adequate.

4.6. Unpaid overdue amount due on March 31, 2014 to Micro Small and Medium Enterprises and/or ancillary industrial suppliers on account of principal together with interest aggregate to Rs. Nil.

This disclosure is on the basis of the information available with the company regarding the status of the suppliers as defined under the Micro, Small and Medium Enterprises Development Act, 2006.

4.7 The amount of Foreign Exchange Gain/ (Loss) included in the statement of profit & loss is Rs 35.75 lacs as gain (Previous Year loss Rs. 60.68 Lacs ). Current year gain included in Other Income & Previous Year loss amount is included in Administrative Expenses.

4.8 In the opinion of the Board, all the current assets shall be realized, in the ordinary course of business, at the value on which they are stated.

4.9 Other Long term liabilities includes Dealership deposit from Dealers and based on commercial practice these are generally not claimed in short term therefore these are treated as long term liability

4.10 The Company has initiated legal action against certain debtors amount outstanding of Rs.19.85 lacs.

The Company is assured of recovery of the amount on the basis of these legal cases, However a provision of 50% is provided on prudent basis.The provision for the same is netted off from the amount of debtors

4.11 The disclosure required as per Accounting Standard (AS) 15 "Employees Benefit" issued by the Institute of Chartered Accountants of India (ICAI) and notified under the Companies Accounting Standards Rules, 2006 and based on the report generated by Life Insurance Corporation of India (LIC) is as under (a) The company has taken Group Gratuity and Cash Accumulation Policy issued by the LIC, which is a defined benefit plan.

EARNING PER SHARE

(a) Name of the related party and description of relationship:

i. Key Management Personnel:

Shri Shiv Singh Mehta, Managing Director

Smt. Purnima Mehta, Director

Shri. Saurabh Singh Mehta, Executive Director

ii. Relatives of Key Management Personnel

Smt. Devki Hirawat (Daughter of Managing Director)

Smt. Nidhi Mehta (Wife of Executive Director)

iii Companies/Entities under the control of Key Management Personnel

1) Sakam Trading Pvt. Ltd. (Holding Company)

2) Kriti Industries (I) Ltd. (Subsidiary of Sakam Trading Pvt. Ltd.)

3) Kriti Auto & Engg. Plastics Pvt. Ltd. (Wholly owned subsidiary of Kriti Industries (I) ltd)

4) Chetak Builders Pvt. Ltd. (Subsidiary of Sakam Trading Pvt. Ltd.)

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Mar 31, 2013

1. Corporate Information

Kriti Nutrients Ltd., a public limited company domiciled in India and incorporated under the provisions of the Companies Act, 1956 on 20/06/2007 and having its Registered office in Indore (MP). The companies shares are listed in the Bombay Stock Exchange (BSE) and Madhya Pradesh Stock Exchange (MPSE). The Company is in the business of Soya Seed Extraction and Manufacturing & Selling of cooking oil under its own brand "KRITI".

2.1 Previous year figures have been reclassified /regrouped wherever necessary.

2.2 In the opinion of the Board of Directors of the Company, the Current Assets, Loans and Advances have a value realizable in the ordinary course of business at least equal to the amount at which they are stated and provisions for all known liabilities are adequate and not in excess of the amount reasonably necessary.

2.3 Contingent liabilities

2.3.1 Estimated amount of contracts remaining to be executed on Capital Account Rs. 0.84 Lacs net of advance given (Previous Year Rs. 157.63 Lacs)

2.3.2 Bank has given guarantee on behalf of the Company to various parties to the extent of Rs. 150.59 Lacs (Previous YearRs.25.79 Lacs.)

2.3.3 Claims not acknowledge by the company on sale tax matters Rs 226.24 Lacs (Previous Year 248.39Lacs)

2.4 Installments of term loans from financial institutions falling due within one year are Rs 556.88 lacs (Previous year Rs. 352.03 Lacs).

2.5 Company''s Income tax assessments have been completed up to Assessment year 2011-2012. In the opinion of Board of Director''s provision for income tax made is adequate.

2.6.Unpaid overdue amount due on March 31, 2013 to Micro Small and Medium Enterprises and/or ancillary industrial suppliers on account of principal together with interest aggregate to Rs. Nil.

This disclosure is on the basis of the information available with the company regarding the status of the suppliers as defined under the Micro, Small and Medium Enterprises Development Act, 2006.

2.7 The amount of Foreign Exchange Gain/ (Loss) included in the statement of profit & loss is Rs (60.68) lacs (Previous Year Gain Rs. 15.87 Lacs ). Current year loss included in Administrative Expenses & Previous Year gain amount is included in Other Income.

2.8 In the opinion of the Board, all the current assets shall be realized, in the ordinary course of business, at the value on which they are stated.

2.9 Other Long term liabilities includes Dealership deposit from Dealers and based on commercial practice these are generally not claimed in short term therefore these are treated as long term liability

2.10 The disclosure required as per Accounting Standard (AS) 15 "Employees Benefit" issued by the Institute of Chartered Accountants of India (ICAI) and notified under the Companies Accounting Standards Rules, 2006 and based on the report generated by Life Insurance Corporation of India (LIC) is as under

2.11 The company has only one business segment to be reported namely Soya Seed Extraction, as per Accounting Standard -17.

2.12 In accordance with the Accounting Standard (AS) 18 "Related Party Disclosures" issued by The Institute of Chartered Accountants of India (ICAI) and notified under the Companies Accounting Standards Rules, 2006 the names of the related parties and the relevant disclosure is as under:-

(a) Name of the related party and description of relationship:

i. Key Management Personnel:

Shri Shiv Singh Mehta, Managing Director

Smt. Purnima Mehta, Director

Shri. Saurabh Singh Mehta, Executive Director

ii. Relatives of Key Management Personnel

Smt. Devki Hirawat (Daughter of Managing Director) Smt. Nidhi Mehta (Wife of Executive Director)

iii Companies/Entities under the control of Key Management Personnel

1) Sakam Trading Pvt. Ltd. (Holding Company)

2) Kriti Industries (I) Ltd. (Subsidiary of Sakam Trading Pvt. Ltd.)

3) Kriti Auto & Engg. Plastics Pvt. Ltd. (Wholly owned subsidiary of Kriti Industries (I) ltd)

4) Chetak Builders Pvt. Ltd. (Subsidiary of Sakam Trading Pvt. Ltd.)

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Mar 31, 2012

1.1 Previous figures have been reclassified /regrouped wherever necessary however same are not comparable being previous year figure are for period of 15 Months.

1.2 In the opinion of the Board of Directors of the Company, the Current Assets, Loans and Advances have a value realizable in the ordinary course of business at least equal to the amount at which they are stated and provisions for all known liabilities are adequate and not in excess of the amount reasonably necessary.

1.3 Contingent liabilities

1.3.1 Estimated amount of contracts remaining to be executed on Capital Account Rs. 157.63 Lacs net of advance given (Previous Year Rs. 41.62 Lacs).

1.3.2 Bank has given guarantee on behalf ofthe Company to various parties to the extent of Rs. 25.79 Lacs (Previous YearRs.7.53 Lacs.)

1.3.3 Claims not acknowledge by the company on sale tax matters Rs.248.39Lacs

1.4 Installments of term loans from financial institutions falling due within one year are Rs 352.03 lacs (Previous year Rs. 347.00 Lacs).

1.5 Company's Income tax assessments have been completed up to Assessment year 2009-2010. In the opinion of Board of Director's provision for income tax made is adequate.

1.6 Unpaid overdue amount due on March 31, 2012 to Micro Small and Medium Enterprises and/or ancillary industrial suppliers on account of principal together with interest aggregate to Rs. Nil.

This disclosure is on the basis of the information available with the company regarding the status of the suppliers as defined under the Micro, Small and Medium Enterprises Development Act, 2006.

1.7 The amount of Foreign Exchange Gain included in the profit & loss account is Rs 15.87 lacs (Previous Year Rs. 35.97 Lacs). Above amount is included in Other Income.

1.8 In the opinion of the Board, all the current assets shall be realized, in the ordinary course of business, at the value on which they are stated.

1.9 Other Long term liabilities includes Dealership deposit from Dealers and based on commercial practice these are generally not claimed in short term therefore these are treated as long term liability

1.10 The disclosure required as per Accounting Standard (AS) 15 "Employees Benefit" issued by the Institute of Chartered Accountants of India (ICAI) and notified under the Companies Accounting Standards Rules, 2006 and based on the report generated by Life Insurance Corporation of India (LIC) is as under

(a) The company has taken Group Gratuity and Cash Accumulation Policy issued by the LIC, which is a defined benefit plan.

1.11 The company has only one business segment to be reported namely Soya Seed Extraction, as per Accounting Standard -17

1.12 In accordance with the Accounting Standard (AS) 18 "Related Party Disclosures" issued by The Institute of Chartered Accountants of India (ICAI) and notified under the Companies Accounting Standards Rules, 2006 the names of the related parties and the relevant disclosure is as under:-

(a) Name of the related party and description of relationship:

i. Key Management Personnel:

Shri Shiv Singh Mehta, Managing Director

Smt. Purnima Mehta, Director

Shri. Saurabh Singh Mehta, Executive Director

ii. Relatives of Key Management Personnel

Miss Devki Mehta (Daughter of Managing Director)

Smt. Nidhi Mehta (Wife of Executive Director)

iii. Companies/Entities under the control of Key Management Personnel

1) Sakam Trading Pvt. Ltd. (Holding Company)

2) Kriti Industries (I) Ltd. (Subsidiary of Sakam Trading Pvt. Ltd.)

3) Kriti Auto & Engg. Plastics Pvt. Ltd. (Wholly owned subsidiary of Kriti Industries (I) ltd)

4) Chetak Builders Pvt. Ltd. (Subsidiary of Sakam Trading Pvt. Ltd.)

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Dec 31, 2009

1. In the opinion of the Board of Directors of the company current assets, loans and advances have the value of realisation in the ordinary course of business at least equal to the amount at which they are stated and that provision for all known liabilities are adequate and not in excess of the reasonably necessary.

2. Companys Income Tax assessment has been completed upto the assessment year 2008-09. In the opinion of the Board of Directors of the company provision for Income-Tax is not necessary in view of losses.

3. Additional information pursuant to provisions of part II of schedule VI to the Companies Act ,1956:

4. Contingent liabilities not provided

Current period Previous Year

Nil Nil

5. There are no deferred tax liability/assets as per AS- 22 of Notified Accounting Standards in view of losses.

6. There are no dues to Micro and Small Enterprises as at 31st December 2009. This information as required to be disclosed under the Micro, Small and Medium Enterprises Development Act, 2006 has been determined to the extent such parties have been identified on the basis of information available with the company.

7. Since there is no employee in the company and therefore AS-15 of the notified accounting standard is not applicable to the company.

8. Related Party Disclosures:

a. Key Management Person

i. Shri Shiv Singh Mehta (Managing Director)

ii. Smt .Purnima Mehta (Director)

Transaction with above parties: Nil

b. Related Parties of Key Management- Nil

Transactions with above parties- Nil

9. Pursuant to the Scheme of Arrangement, the solvent division of Kriti Industries (India) Limited (KIIL) is vested and transferred into the company as on the appointed date fixed by the Honble High Court of Madhya Pradesh Bench at Indore i.e. 1st January 2010 and hence the financial statements closed on 31st December 2009 doesnot include manufacturing activities of the solvent division of the original company (KIIL) from where it has been vested into the company.

10. During the year company has written-off entire balance of deferred revenue expenses of Rs.488614/-instead of Rs.91615/-everyyear and thereby loss for the year has been increased by Rs.396999/-.

11. Company has closed its current accounting year on 31st December 2009 and accounts have been prepared for 9 month i.e. from April 2009 to December 2009 and hence previous figures are not comparable.