Notes to Accounts of Radix Industries (India) Ltd.

Mar 31, 2025

O. 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 the Company will be required to settle such obligation
and a reliable estimate can be made of the amount of such obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle
the present obligation at the end of the reporting period, taking into account the risks and uncer¬
tainties surrounding the obligation. When a provision is measured using the cash flows esti¬
mated to settle the present obligation, its carrying amount is the present value of those cash
flows (where the effect of the time value of money is material).
_/

When some or all of the economic benefits required to settle a provision are expected to be
recovered from a third party, a receivable is recognised as an asset if it is virtually certain that
reimbursement will be recovered and the amount of the receivable can be measured reliably.

A disclosure for a contingent liability is made when there is a possible obligation or a present
obligation that may, but probably will not require an outflow of resources embodying economic
benefits or the amount of such obligation cannot be measured reliably. When there is a possible
obligation or a present obligation in respect of which likelihood of outflow of resources embody¬
ing economic benefits is remote, no provision or disclosure is made

P. Earnings per share

Basic earnings per share is computed by dividing profit or loss attributable to equity shareholders
by the weighted average number of equity shares outstanding during the year. Diluted earnings
per share is determined by adjusting the profit or loss attributable to equity shareholders and the
weighted average number of equity shares outstanding for the effects of all dilutive potential
equity shares.

Q. Cash and cash equivalents

For the purpose of presentation in the statement of cash flows, cash and cash equivalents include
cash on hand, deposits held at call with financial institutions/banks, 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, and bank
overdrafts. Bank overdrafts are shown within borrowings in current liabilities in the balance sheet...

R. Borrowings

Borrowing cost incurred in connection with the funds borrowed for acquisition/erection of assets
that necessarily take substantial period of time to get ready for intended use, are capitalized as
part of such assets. Interest income earned on the temporary investment of specific borrowings
pending their expenditure on qualifying assets is deducted from the borrowing cost eligible for
capitalization. Borrowing cost also includes exchange differences to the extent regarded as an
adjustment to the borrowing costs. All other borrowing costs are charged to revenue.

S. Inventories

Inventories are stated at the lower of cost and net realizable value. Net realizable value repre¬
sents the estimated selling price for inventories less all estimated costs of completion and cost
necessary to make the sale.

i) Cost of raw materials, components, stores, spares are valued at cost, determined on a first-
in-first-out basis.

ii) Materials and supplies held for use in production of inventories are not written down if the
finished products in which they will be used are expected to be sold at or above cost. Slow
and non-moving material, obsolesces, defective inventories are duly provided for.

iii) By-products and scrap are valued at net realizable value and it is reduced from cost of the
main product.

iv) Excess/ shortages, if any, arising on physical verification are absorbed in the respective
consumption accounts.

v) The net realisable value of work-in-progress is determined with reference to the selling
prices of related finished products.

T. Cash flow statement:

Cash flows are reported using the indirect method, whereby the profit for the period is adjusted
for the effects of transactions of 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.

Note:

a) The average credit period of trade receivables varies from 15-45 days

b) The above does not include any amount due from related parties

c) The Company has used practical expedient by computing the expected credit loss for doubtful
trade receivables based on ageing of receivables, history of recoverability from the customers,
credit worthiness of the customers etc.

d) During the year, the company has recognised loss allowance of Rs. Nil under 12 months expected
credit loss model.

e) Of the trade receivables balance, Rs.310.88 Lakhs (as at March 31, 2024: Rs. 102.20 Lakhs) is
due from one of the Company''s large customer (March 31, 2024: two of the Company''s large
customers). There are no other customers who represent more than 10% of the total balance of
trade receivables.

f) There are no debts due by directors or other officers of the Company or any of them either
severally or jointly with any other person or debts due by firms or private companies respectively
in which any director is a partner or Director or a member.

Note:

a) The loan is primarily secured by hypothecation of stock and receivables and further collaterally
secured by way of specific properties belonging to two directors and further guaranteed by three
directors in their individual capacities.

b) The loan is repayable on demand. The facility is available for the 12 months period from the date
of sanction subject to review every 12 months.

c) The Company is regular in payment of interest on above loan as on reporting date.

d) The company has not declared as wilful defaulter by any of the bank or any other institution

e) The company availed working capital loans against security of current assets. The statement of
current assets as filed with the banks in the returns submitted were in agreement with the books
of accounts.

31. Capital Management

Equity share capital and other equity are considered for the purpose of Company''s capital
management.

The Company manages its capital so as to safeguard its ability to continue as a going concern and
to optimise returns to shareholders. The capital structure of the Company is based on management''s
judgement of its strategic and day-to-day needs with a focus on total equity so as to maintain
investor, creditors and market confidence.

The management and the Board of Directors monitor the return on capital as well as the level of
dividend to shareholders. The Company may take appropriate steps in order to maintain, or if
necessary adjust, its capital structure

Refer note 45 for information on ratios.

46. Additional regulatory information required by Schedule III

i) No proceeding has been initiated or pending against the Company for holding any Benami property
under the Benami Transactions (Prohibition) Act, 1988, as amended, and rules made thereunder.

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

iii) The Company has not traded or invested in Crypto currency or Virtual Currency during the financial
year.

iv) There were no transactions relating to previously unrecorded income that have been surrendered
and disclosed as income during the year in the tax assessments under the Income Tax Act, 1961.

47. Relationship With Struck Off Companies

The Company does not have any relationship or any transaction with struck off companies

48. Utilization of borrowed funds and share premium:

The Company has not advanced or loaned or invested funds to any other person(s) or entity(ies),
including foreign entities (Intermediaries) with the understanding that the Intermediary shall 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 provide any guarantee, security or the like to or on
behalf of the ultimate beneficiaries

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 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 provide any guarantee, security or the
like on behalf of the ultimate beneficiaries

49. The exchange value for restatement of export receivables and EEFC account is taken at '' 85.44 per
dollar.

50. The previous period''s figures have been regrouped/reclassified wherever necessary to conform to
the current period presentation.

51. The financial statements are approved for issue by the Audit Committee and Board of Directors at
their meetings held on May 22, 2025.

As per our report of even date

For BRAHMAYYA & Co., For RADIX INDUSTRIES (INDIA) LIMITED

Chartered Accountants
FRN: 000513S

Sd/- Sd/-

CA SRINIVASA RAO CHERUKURI GOKARAJU RAGHU RAMA RAJU

Partner Managing Director

ICAI M.No.209237 DIN:00453895

UDIN: 25209237BMGXIC2548

Sd/- Sd/- Sd/-

G. GANAPATHI RAMA PRABHAKARA RAJU GOKARAJU PARVATHI P. LENIN BAB.U

Director & CFO Director Company Secretary

DIN: 00454614 DIN: 00453965

Place: Tanuku
Date : 22-05-2025

---

Mar 31, 2024

O. 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 the Company will be required to settle such obligation and a reliable estimate can be made of the amount of such obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the end of the reporting period, taking into account the risks and uncertainties surrounding the obligation. When a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (where the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be recovered and the amount of the receivable can be measured reliably.

A disclosure for a contingent liability is made when there is a possible obligation or a present obligation that may, but probably will not require an outflow of resources embodying economic benefits or the amount of such obligation cannot be measured reliably. When there is a possible obligation or a present obligation in respect of which likelihood of outflow of resources embodying economic benefits is remote, no provision or disclosure is made.

P. Earnings per share

Basic earnings per share is computed by dividing profit or loss attributable to equity shareholders by the weighted average number of equity shares outstanding during the year. Diluted earnings per share is determined by adjusting the profit or loss attributable to equity shareholders and the weighted average number of equity shares outstanding for the effects of all dilutive potential equity shares.

Q. Cash and cash equivalents

For the purpose of presentation in the statement of cash flows, cash and cash equivalents include cash on hand, deposits held at call with financial institutions/banks, 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, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities in the balance sheet..

R. Borrowings

Borrowing cost incurred in connection with the funds borrowed for acquisition/erection of assets that necessarily take substantial period of time to get ready for intended use, are capitalized as

->

part of such assets. Interest income earned on the temporary investment of specific borrowings pending their expenditure on qualifying assets is deducted from the borrowing cost eligible for capitalization. Borrowing cost also includes exchange differences to the extent regarded as an adjustment to the borrowing costs. All other borrowing costs are charged to revenue.

S. Inventories

Inventories are stated at the lower of cost and net realizable value. Net realizable value represents the estimated selling price for inventories less all estimated costs of completion and cost necessary to make the sale.

i) Cost of raw materials, components, stores, spares are valued at cost, determined on a first-in-first-out basis.

ii) Materials and supplies held for use in production of inventories are not written down if the finished products in which they will be used are expected to be sold at or above cost. Slow and non-moving material, obsolesces, defective inventories are duly provided for.

iii) By-products and scrap are valued at net realizable value and it is reduced from cost of the main product.

iv) Excess/ shortages, if any, arising on physical verification are absorbed in the respective consumption accounts.

v) The net realisable value of work-in-progress is determined with reference to the selling prices of related finished products.

T. Cash flow statement:

Cash flows are reported using the indirect method, whereby the profit for the period is adjusted for the effects of transactions of 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.

31. Capital Management

Equity share capital and other equity are considered for the purpose of Company''s capital management.

The Company manages its capital so as to safeguard its ability to continue as a going concern and to optimise returns to shareholders. The capital structure of the Company is based on management''s judgement of its strategic and day-to-day needs with a focus on total equity so as to maintain investor, creditors and market confidence.

The management and the Board of Directors monitor the return on capital as well as the level of dividend to shareholders. The Company may take appropriate steps in order to maintain, or if necessary adjust, its capital structure

Refer note 45 for information on ratios.

34. As per Indian Accounting Standard 24 "Related Parties Disclosure" the disclosure of related parties as defined in the standard are given hereunder:

A. List of Related parties:

Key Management Personnel

a) Sri. G. Raghu Rama Raju, Managing Director

b) Sri. G.G.R. Prabhakara Raju, Director & CFO

c) Smt. G Parvathi, Director

d) Sri. P. Lenin Babu Company Secretary Companies controlled by Key Management Personnel:

a) M/s. Diamond Drop Property Holdings (India) Private Limited (Smt. G. Parvathi, Director interested as Director in the Company)

b) M/s. Arqube Industries (India) Limited

(Sri.G. Raghu Rama Raju, Managing Director &

Smt. G. Parvathi, Director interested as Directors in the Company)

44. Impairment of Assets

According to an internal technical assessment carried out by the Company, there is no impairment in the carrying cost of cash generating units of the Company in terms of Indian Accounting Standard 36 ''Impairment of Assets.

# Earnings for Debt Service = Net Profit before taxes Non-cash operating expenses like depreciation and other amortizations Interest other adjustments like loss on sale of Fixed assets etc.

Note:

1) Due to improvement in operating cycle and repayment of borrowed of funds during the year the current ratio, Debt to equity ratio and Trade receivables Turnover ratio has been improved when compared to previous year.

2) Increase in margins lead to profitability thereby Return on equity and Return on Capital employed ratios has been improved.

3) Since there were no trade payables and no investments the trade payables turnover ratio and return on investment ration are not applicable.

r \

46. Additional regulatory information required by Schedule III

i) No proceeding has been initiated or pending against the Company for holding any Benami property under the Benami Transactions (Prohibition) Act, 1988, as amended, and rules made thereunder.

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

iii) The Company has not traded or invested in Crypto currency or Virtual Currency during the financial year.

iv) There were no transactions relating to previously unrecorded income that have been surrendered and disclosed as income during the year in the tax assessments under the Income Tax Act, 1961.

47. Relationship With Struck Off Companies

The Company does not have any relationship or any transaction with struck off companies.

48. Utilization of borrowed funds and share premium:

The Company has not advanced or loaned or invested funds to any other person(s) or entity(ies), including foreign entities (Intermediaries) with the understanding that the Intermediary shall:

a) directly or indirectly lend or invest in other persons or entities identified in any manner whatsoever by or on behalf of the company (Ultimate Beneficiaries) or

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

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

a) directly or indirectly lend or invest in other persons or entities identified in any manner whatsoever by or on behalf of the Funding Party (Ultimate Beneficiaries)or

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

49. The exchange value for restatement of export receivables and EEFC account is taken at Rs. 83.38 per dollar.

50. The previous period''s figures have been regrouped/reclassified wherever necessary to conform to the current period presentation.

51. The financial statements are approved for issue by the Audit Committee and Board of Directors at their meetings held on May 20, 2024.

As per our report of even date

For M/s.K.S.RAO & Co., For RADIX INDUSTRIES (INDIA) LIMITED

Chartered Accountants

FRN: 003109S Sd/-

GOKARAJU RAGHU RAMA RAJU

Sd/- Chairman & Managing Director

K.VAMSI KRISHNA DIN: 00453895

Partner

ICAI M.No.238809

UDIN: 24238809BKGZTF3628 Sd/-

GOKARAJU PARVATHI

Place: Tanuku Director

Date : 20-05-2024 DIN: 00453965

Sd/- Sd/-

G. GANAPATHI RAMA PRABHAKARA RAJU P. LENIN BAB.U

Director & CFO Company Secretary

DIN: 00454614 M.No - A26816

---

Mar 31, 2023

e. Terms/Rights attached to equity shares:

The company has only one class of equity shares having a par value of Rs. 10 per share. Each shareholder is eligible for one vote per share held.The company declares and pays dividend in Indian rupees.

f. During the year,the company has paid final dividend of '' 1.00 per share share for FY 2021-22 which resulted in a cash outflow of '' 150.07 Lakhs

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

a) The loan is primarily secured by hypothecation of stock and receivables and further collaterally secured by way of specific properties belonging to two directors and further guaranteed by three directors in their individual capacities.

b) The Company is regular in repayment of installment amounts along with interest as on the reporting date.

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

d) The Company was not declared willful defaulter by any bank or financial Institution or other lender.

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

a) The loan is primarily secured by hypothecation of stock and receivables and further collaterally secured by way of specific properties belonging to two directors and further guaranteed by three directors in their individual capacities.

b) The loan is repayable on demand.

c) The Company is regular in payment of interest on above loan as on reporting date.

Since the company deals only in Manufacturing of Human hair products and there are no geographical segments to be reported.

The total sale revenue of '' 2626.61 Lakhs includes an amount of '' 3.46 Lakhs towards net exchange gain on account of realization of export receivables.

According to an internal technical assessment carried out by the Company, there is no impairment in the carrying cost of cash generating units of the Company in terms of Indian Accounting Standard 36 ''Impairment of Assets''.

The earmarked balances under head Cash & Cash equivalents represent the bank balance relating to the following unpaid dividends.

The Board of Directors at its meeting held on May 25, 2023 has recommended a 10% dividend of '' 1.00 per equity share of face value of '' 10/- each amounting to '' 150.07 Lakhs which is subject to approval of the shareholders at the ensuing Annual General Meeting of the Company and hence is not recognized as a liability.

45.	CONTINGENT LIABILITIES AND COMMITMENTS		('' in Lakhs)
	S. No.	Particulars	As at 31st March	As at 31st March
			2023	2022
	(i)	Contingent Liabilities (to the extent not provided for): a) Claims against the Company not acknowledged as debts
		b) Guarantees excluding financial guarantees	-	-
	(ii)	c) Other money for which the Company is contingently liable Commitments:	-	-
		a) Estimated amount of contracts remaining to be executed on capital account and not provided for	-	-
		b) Uncalled liability on shares and other investments partly paid	-	-
		c) Other commitments (specify nature).	-	-
V_

Impairment of Assets

According to an internal technical assessment carried out by the Company, there is no impairment in the carrying cost of cash generating units of the Company in terms of Indian Accounting Standard 36 ''Impairment of Assets

# Earnings for Debt Service = Net Profit before taxes Non-cash operating expenses like depreciation and other amortizations Interest other adjustments like loss on sale of Fixed assets etc.

Note:

1) Due to improvement in operating cycle of the company and liquidity current assets ratio, Debt to equity ratio, Debt service coverage ratio, Inventory and Trade receivables ratios, return on capital employed ratios are improved when compared to previous year.

r

48. Additional regulatory information required by Schedule III

i) No proceeding has been initiated or pending against the Company for holding any Benami property under the Benami Transactions (Prohibition) Act, 1988, as amended, and rules made thereunder.

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

iii) The Company has not traded or invested in Crypto currency or Virtual Currency during the financial year.

iv) There were no transactions relating to previously unrecorded income that have been surrendered and disclosed as income during the year in the tax assessments under the Income Tax Act, 1961.

49. Relationship With Struck Off Companies

The Company does not have any relationship or any transaction with struck off companies.

50. Utilization of borrowed funds and share premium:

The Company has not advanced or loaned or invested funds to any other person(s) or entity(ies), including foreign entities (Intermediaries) with the understanding that the Intermediary shall:

a) directly or indirectly lend or invest in other persons or entities identified in any manner whatsoever by or on behalf of the company (Ultimate Beneficiaries) or

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

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

a) directly or indirectly lend or invest in other persons or entities identified in anymanner whatsoever by or on behalf of the Funding Party (Ultimate Beneficiaries)or

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

51. The exchange value for restatement of export receivables and EEFC account is taken at '' 82.18 per dollar.

52. The Statement of Cash Flows has been prepared under the ''Indirect Method'' as set out in Ind AS 7, ''Statement of Cash Flows''.

53. Paise have been rounded off.

54. The previous period''s figures have beenregrouped/reclassified wherever necessary to conform to the current period presentation.

---

Mar 31, 2018

1. As per Indian Accounting Standard 24 “Related Parties Disclosure” the disclosure of related parties as defined in the standard are given hereunder:

A. List of Related parties:

Key Management Personnel

a) Sri. G. Raghu Rama Raju, Managing Director

b) Sri. G.G.R. Prabhakara Raju, Director & CFO

c) Smt. G Parvathi, Director

d) Sri. P. Lenin Babu Company Secretary Companies controlled by Key Management Personnel:

a) M/s. Diamond Drop Property Holdings (India) Private Limited (Smt. G. Parvathi, Director interested as Director in the Company)

b) M/s. Arqube Industries (India) Limited

(Sri.G. Raghu Rama Raju, Managing Director &

Smt. G. Parvathi, Director interested as Directors in the Company)

2. Since the company deals only in Manufacturing of Human hair products and there are no geographical segments to be reported.

3. The total sale revenue of Rs.12,06,58,174/- includes an amount of Rs.13,50,220/- towards net exchange gain on account of realization of export receivables.

4. According to an internal technical assessment carried out by the Company, there is no impairment in the carrying cost of cash generating units of the Company in terms of Indian Accounting Standard 36 ‘Impairment of Assets’ .

5. The earmarked balances under head Cash & Cash equivalents represents the balance held in Dividend accounts towards unpaid final dividend of Rs. 31,509/- pertaining to the FY:2014-15, Interim dividend of Rs.31,142/- in respect of FY:2015-16 and Final Dividend of Rs. 37,327 in respect of FY:2016-17.

6. The exchange value for restatement of export receivables and Exchange Earners’ Foreign Currency Account (EEFC) balance are taken at Rs.65.07 per dollar.

7. Cash-flow statement enclosed.

8. Figures in brackets indicate those for the previous period.

9. The previous period’s figures have been regrouped / reclassified wherever necessary to conform to the current period presentation.

---

Mar 31, 2016

1. Government Grants:

Grants from government are recognized when there is reasonable assurance that the grant will be received and all attaching conditions will be complied with. Government grants relating to assets the company has opted “capital approach” method. Accordingly, the grant is deducted from the gross value of the assets concerned in arriving at their books value.

Government grants in the nature of export incentives are recognized in the statement of Profit and Loss in the year in which the licenses was approved by respective authorities and the same is considered as reasonable assurance that the enterprise has complied the conditions attached to them and the benefits have been earned by the enterprise is reasonably certain and the ultimate collection will be made.

2. Particulars disclosed pursuant to “AS-18 Related Party Disclosures”.

A. List of Related parties:

Key Management Personnel

a) Sri.G. Raghu Rama Raju, Mg. Director

b) Smt.G.Parvathi, Director

c) Sri.G.G.R. Prabhakara Raju, Director & CFO Companies controlled by Key Management Personnel:

a) M/s. Diamond Drop Property Holdings (India) Private Limited (Smt. G. Parvathi, Director interested as Director in the Company)

b) M/s. Arqube Industries (India) Limited (Sri.G.Raghu Rama Raju, Mg. Director &

Smt. G. Parvathi, Director interested as Directors in the Company)

3. Since the company deals only in Manufacturing of Human hair products, the reporting requirement as per AS-17 on Segment reporting does not arise during the period.

4. The total sale revenue of Rs. 27,92,95,914/- includes an amount of Rs.63,66,251/- towards net exchange gain on account of realization of export receivables.

5. The earmarked balances under head Cash & Cash equivalents represents the balance held in Dividend accounts towards unpaid final dividend of Rs.31,509/- pertaining to the FY: 2014-15 and Interim dividend payable of Rs.27,94,780/- in respect of FY: 2015-16.

6. The exchange value for restatement of export receivables and Exchange Earners'' Foreign Currency Account (EEFC) balance are taken at Rs. 66.25 per dollar.

7. Cash-flow statement enclosed.

8. Figures in brackets indicate those for the previous period.

9. The previous period''s figures have been regrouped / reclassified wherever necessary to conform to the current period presentation

---

Mar 31, 2015

1. Corporate information

Radix Industries (India) Limited (the company) is a public company domiciled in India and incorporated under the provisions of the Companies Act, 1956. Its shares are listed on two stock exchanges in India. The company is engaged in the manufacturing and selling of human hair products. The company caters to both domestic and international markets.

2. Terms/Rights attached to equity shares:

The company has only one class of equity shares having a par value of Rs.10 per share. Each shareholder is eligible for one vote per share held. The company declares and pays dividend in indian rupees.

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

3. Particulars disclosed pursuant to "AS-18 Related Party Disclosures".

A. List of Related parties:

Key Management Personnel

a) Sri.G. Raghu Rama Raju, Mg.Director

b) Smt.G.Parvathi, Director

c) Sri.G.G.R. Prabhakara Raju, Director

Companies controlled by Key Management Personnel:

a) M/S Diamond Drop Property Holdings(India) Private Limited (Smt. G.Parvathi, Director interested as Director in the Company)

b) M/S Arqube Industries (India) Limited (Sri.G.Raghu Rama Raju, Mg.Director &

Smt. G.Parvathi, Director interested as Directors in the Company)

4. Since the company deals only in Manufacturing of Human hair products, the reporting requirement as per AS-17 on Segment reporting does not arise during the period.

5. Cash-flow statement enclosed.

6. Previous period figures have been regrouped wherever necessary.

7. Figures in brackets indicate those for the previous period.

8. The previous period's figures have been regrouped / reclassified wherever necessary to conform to the current period presentation.

---

Mar 31, 2013

1. Corporate information

Radix Industries (India) Limited (the company) is a public company domiciled in India and incorporated under the provisions of the Companies Act, 1956. Its shares are listed on two stock exchanges in India. The company is engaged in the manufacturing and selling of human hair products. The company caters to both domestic and international markets.

2. Particulars disclosed pursuant to "AS-18 Related Party Disclosures". A. List of Related parties:

Key Management Personnel

a) Sri.G.Raghu Rama Raju, Chairman & Mg.Director

b) Smt.G.Parvathi, Director

c) Sri G.G.R. Prabhakara Raju, Director

Companies controlled by Key Management Personnel:

M/S. Diamond Drop Property Holdings(lndia) Private Limited (Smt. G.Parvathi, Director interested as Director in the Company)

3. Stocks of Raw Materials, Finished goods, Stores and Spares etc., are as certified by the Management.

4. Outstanding balances in respect of Sundry Debtors, Sundry Creditors and Loans & Advances are subject to confirmation from the parties. In the opinion of the Board of Directors, the Current Assets, Loans and Advances have a value on realization in the ordinary course of business at least equal to the amount at which they are stated.

5. The company received an amount of Rs. 1,11,744/- towards capital grant from government.

6. Since the company deals only in Manufacturing of Human hair products, the reporting requirement as per AS-17 on Segment reporting does not arise during the period.

7. The Company discounted its export bill of USD 914875 with State Bank of India and the same is treated as realized from the export receivables as the export bill is against LC. The said amount has been realized to the bank on 10/04/2013.

8. Cash-flow statement enclosed.

9. Previous period figures have been regrouped wherever necessary.

10. Figures in brackets indicate those for the previous period.

11. The Previous period''s figures are for 9 months period ended 31st March, 2012, while those of current period for the year ended 31 March, 2013. Hence the same are not comparable. The previous period''s figures have been regrouped / reclassified wherever necessary to conform to the current period presentation

---

Mar 31, 2012

1. Corporate information

Radix Industries (India) Limited (the company) is a public company domiciled in India and incorporated under the provisions of the Companies Act, 1956. Its shares are listed on two stock exchanges in India. The company is engaged in the manufacturing and selling of human hair products. The company caters to both domestic and international markets.

2. Basis of preparation

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

The accounting policies adopted in the preparation of financial statements are consisted with those of previous period.

3. Particulars disclosed pursuant to "AS-18 Related Party Disclosures". A. List of Related parties:

Key Management Personnel

a) Sri.G.Raghu Rama Raju, Chairman & Mg.Director

b) Smt.G.Parvathi, Director

c) Sri G.G.R. Prabhakara Raju, Director

Companies controlled by Key Management Personnel:

M/S. Diamond Drop Property Holdings(India) Private Limited (Smt. G.Parvathi , Director interested as Director in the Company)

4. Stocks of Raw Materials, Finished goods, Stores and Spares etc., are as certified by the Management.

5. Outstanding balances in respect of Sundry Debtors, Sundry Creditors and Loans & Advances are subject to confirmation from the parties. In the opinion of the Board of Directors, the Current Assets, Loans and Advances have a value on realization in the ordinary course of business at least equal to the amount at which they are stated.

6. Advance for Purchase of Raw Materials of - 0.03 lacs were made to Tirumala Tirupathi Devasthanams, Tirupathi.

7. Since the company deals only in Manufacturing of Human hair products, the reporting requirement as per AS-17 on Segment reporting does not arise during the period.

8. Cash-flow statement enclosed.

9. Previous period figures have been regrouped wherever necessary.

10. Figures in brackets indicate those for the previous period.

11. The Previous period''s figures are for 15 months period ended 30th June, 2011, while those of current period are for 9 months ended 31 March, 2012. Hence the same are not comparable. The previous period''s figures have been regrouped/reclassfied wherever necessary to conform to the current period presentation

12. Till the period ended 30th June, 2011, the company was using pre-revised Schedule VI to the Companies Act, 1956, for the preparation and presentation of its financial statements. During the period ended 31 March, 2012 the revised Schedule VI notified under the Companies Act, 1956, has become applicable to the company. The company has reclassified previous period figures to conform to this period''s classification. The adoption of revised Schedule VI does not impact recognition and measurement principles followed for presentation of financial statements, particularly presentation of balance sheet.

---

Jun 30, 2011

1. The company decided to change its fiscal year end from March, 31 to June, 30. Hence, audited financial statements are accordingly prepared for the 15 months period ended 30th June, 2011 and compared to 12 months period ended 31st March, 2010.

2. There are no earnings and no expenditure incurred in foreign currency during the year and in previous year.

3. Balances written off consists of the written off amounts due to loan creditor of Rs.25,16,996/- and written off of amount due to a debtor of Rs.10,44,753/-

4. As per the information submitted by the suppliers regarding their status under "Micro Small and Medium Enterprises Development Act, 2006, there are no dues to such suppliers remaining unpaid beyond the appointed day as at the date of Balance Sheet.

5. Outstanding balances in respect of Sundry Debtors, Sundry Creditors and Loans & Advances are subject to confirmation from the parties. In the opinion of the Board of Directors, the Current Assets, Loans and advances have a value on realization in the ordinary course of business at least equal to the amount at which they are stated.

6. The Previous year's figures are for the year ended 31st March, 2010, while those of current period are for 15 months ended 30th June, 2011. Hence, the same are not comparable. The previous year's fgures have been regrouped/reclassified wherever necessary to conform to the current period presentation.

7. Paisa have been rounded off.

---

Mar 31, 2010

1. Balance in respect of sundry creditors, sundry debtors, loans and advances and unsecured loans are subject to confrmation from respective parties.

2. Additional information to the extent applicable, pursuant to the provisions of Part II of Schedule VI to the Companies Act, 1956.

3. The management has not provide any provision for income tax due to loss.

4. Previous year figures have been regrouped / rearranged wherever necessary.

---

Mar 31, 2009

1. Balances in respect of sundry creditors, sundry debtors, loans and advances and unsecured loans are subject to confirmation from respective parties.

2. Additional information to the extent applicable, pursuant to the provisions of Part II of Schedule VI to the Companies Act, 1956.

i) Licensed and installed capacities and actual production: (As certified by the Management)

ii) Licensed and installed capacities and actual production: (As certified by the Management)

3. The management has not provided any provision for income tax due to loss and provided for Fringe Benefit Tax Rs. 6607/-.

4. Previous year figures have been regrouped / rearranged wherever necessary.