Notes to Accounts of Regent Enterprises Ltd.

Mar 31, 2025

k. Provisions

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 the obligation, and a reliable estimate can be
made of the amount of the obligation. If the effect of the time value of money is material, provisions are
determined by discounting the expected future cash flows to net present value using an appropriate pre-tax
discount rate that reflects current market assessments of the time value of money and, where appropriate, the
risks specific to the liability.

The amount recognised as a provision is the best estimate of the consideration required to settle the present
obligation at the reporting date, taking into account the risks and uncertainties surrounding the obligation. Where
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 (when 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 received and the
amount of the receivable can be measured reliably.Contingent Liabilities

A present obligation that arises from past events, where it is either not probable that an outflow of resources will
be required to settle or a reliable estimate of the amount cannot be made, is disclosed as a contingent liability.
Contingent liabilities are also disclosed when there is a possible obligation arising from past events, the existence
of which will be confirmed only by the occurrence or non- occurrence of one or more uncertain future events not
wholly within the control of the Company.

Claims against the Company, where the possibility of any outflow of resources in settlement is remote, are not
disclosed as contingent liabilities.

Contingent assets are not recognised in the Financial Statements since this may result in the recognition of
income that may never be realised. However, when the realisation of income is virtually certain, then the related
asset is not a contingent asset and is recognised.

l. Financial Instruments

Financial assets and financial liabilities are recognised in the Company''s Balance Sheet when the Company
becomes a party to the contractual provisions of the instruments. Financial assets and financial liabilities are
initially measured at fair value, expect for trade receivables that do not have a significant financing component
which are measured at transaction price. Transaction costs that are directly attributable to the acquisition or issue
of financial assets and financial liabilities (other than financial assets and financial liabilities at fair value through
profit or loss] are added to or deducted from the fair value of the financial assets or financial liabilities, on initial
recognition. Transaction costs directly attributable to the acquisition of financial assets or financial liabilities at
fair value through profit or loss are recognised immediately in profit or loss.

m. Financial assets

i. On initial recognition, a financial asset is classified as measured at

- Amortised Cost

- Fair value through profit and loss

ii. A financial asset is measured at amortised cost if it meets both of the following conditions and is not
designated as at Fair Value Through Profit or Loss (FVPTL):

- The asset is held within a business model whose objective is to hold assets to collect
contractual flows; and

- The contractual terms of the financial asset give rise on specific dates to cash flows that are solely
payments of principal and interest on the principal amount outstanding.

iii. All financial assets not classified as measured at amortised cost as described above are measured at FVPTL.
This includes all derivative financial assets. On initial recognition, the Company may irrevocably designate a
financial asset that otherwise meet the requirements to be measured at amortised cost as at FVTPL if doing so
eliminates or significantly reduces an accounting mismatch that would otherwise arise.

All recognised financial assets are measured subsequently in their entirety at either amortised cost or fair value,
depending on the classification of the financial assets.

Subsequent Measurement

All recognised financial assets are measured subsequently in their entirety at either amortised cost or fair value,
depending on the classification of the financial assets.

Investments in equity instruments at FVTOCI

On initial recognition, the Company may make an irrevocable election (on an instrument-by- instrument basis] to
designate investments in equity instruments as at FVTOCI. Designation at FVTOCI is not permitted if the equity
investment is held for trading or if it is contingent consideration recognised by an acquirer in a business
combination. Investments in equity instruments at FVTOCI are initially measured at fair value plus transaction
costs. Subsequently, they are measured at fair value with gains and losses arising from changes in fair value
recognised in other comprehensive income and accumulated in a separate component of equity. The cumulative
gain or loss is not reclassified to statement of profit and loss on disposal of the equity investments, instead, it is
transferred to retained earnings. Dividends on these investments in equity instruments are recognised in profit
or loss in accordance with Ind AS 109, unless the dividends clearly represent a recovery of part of the cost of the
investment. The Company designated all investments in equity instruments that are not held for trading as at
FVTOCI on initial recognition.

Impairment of financial assets

The Company applies the expected credit loss model for recognising impairment loss on financial assets that are
measured at amortised cost, trade receivables and other contractual rights to receive cash or other financial asset.

The amount of expected credit losses is updated at each reporting date to reflect changes in credit risk since
initial recognition of the respective financial instrument. The Company always recognises lifetime expected credit
losses (ECL) for trade receivables. The Company recognises lifetime ECL when there has been a significant
increase in credit risk since initial recognition. However, if the credit risk on the financial instrument has not
increased significantly since initial recognition, the Company measures the loss allowance for that financial
instrument at an amount equal to 12-month ECL.

Financial assets, other than those at FVTPL, are assessed for indicators of impairment at the end of each reporting
period. In case of financial assets, the Company follows the simplified approach permitted by Ind AS 109 -
Financial Instruments - for recognition of impairment loss allowance. The application of simplified approach does
not require the Company to track changes in credit risk of trade receivable. The Company calculates the expected
credit losses on trade receivables using a provision matrix on the basis of its historical credit loss experience.

De-recognition of Financial Assets:

The Company de-recognises a financial asset when the contractual rights to the cash flows from the asset expire,
or when it transfers the financial asset and substantially all the risks and rewards of ownership of the asset to
another party. If the Company neither transfers nor retains substantially all the risks and rewards of ownership
and continues to control the transferred asset, the Company recognises its retained interest in the asset and an
associated liability for amounts it may have to pay. If the Company retains substantially all the risks and rewards of
ownership of a transferred financial asset, the Company continues to recognise the financial asset and also
recognises an associated liability.

On de-recognition of a financial asset, the difference between the asset''s carrying amount and the sum of the
consideration received and receivable and the cumulative gain or loss that had been recognised in Other
Comprehensive Income and accumulated in other equity is recognised in Statement of profit and loss.

Cash and cash equivalents

Cash comprises cash on hand and demand deposits with banks. Cash equivalents are short-term balances (with
an original maturity of three months or less from the date of acquisition], highly liquid investments that are readily
convertible into known amounts of cash and which are subject to insignificant risk of changes in value.

n. Financial liabilities and equity instruments Classification as Debt or Equity:

Debt or equity instruments issued by the Company, are classified as either financial liabilities or as equity in
accordance with the substance of the contractual arrangements and the definitions of a financial liability and an
equity instrument.

Equity Instruments:

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

Financial Liabilities:

Financial liabilities that are not held-for-trading and are not designated as at FVTPL are measured at amortised
cost at the end of subsequent accounting periods. The carrying amounts of financial liabilities that are
subsequently measured at amortised cost are determined based on the effective interest method. Interest
expense is included in the ''Finance cost'' line item.

The effective interest method is a method of calculating the amortised cost of a financial liability and of allocating
interest expense over the relevant period. The effective interest rate is the rate that exactly discounts estimated
future cash payments (including all fees paid or received that form an integral part of the effective interest rate,
transaction costs and other premiums or discounts) through the expected life of the financial liability, or (where
appropriate) a shorter period, to the amortised cost of a financial liability.

Financial liabilities are classified, at initial recognition and measured at amortising cost using effective interest
method:

• Loans and borrowings

• Payables

All financial liabilities are recognised initially at fair value and in the case of loans and borrowings and payables,
are recognised net of directly attributable transaction costs. The Company''s financial liabilities include trade and
other payables, loans and borrowings including bank overdrafts, financial guarantee contracts and derivative
financial instruments.

Life of the financial liability, or (where appropriate) a shorter period, to the amortised cost of a financial liability.
De-recognition of Financial Liabilities:

The Company de-recognises financial liabilities when and only when, the Company''s obligations are discharged,
cancelled or have expired. The difference between the carrying amount of the financial liability de-recognised and
the consideration paid and payable is recognised in statement of profit and loss.

0. Offsetting of Financial Instruments:

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

p. Derivative financials instruments

The Company uses foreign currency forward contracts to hedge its risks associated with foreign currency
fluctuations relating to certain firm commitments and highly probable forecast transactions. The
Company does not use derivative financial instruments for speculative purposes. Forward contracts are initially
recognised at fair value on the date the contract is entered into and are subsequently remeasured at fair value
at each reporting date. The resulting gain or loss is recognised in the statement of profit and loss.

q. Fair value measurement

Some of the Company''s accounting policies or disclosures require the measurement of fair value for both financial
and non-financial assets and liabilities.

Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction
between market participants at the time of measurement.

The fair value measurement is based on the presumption that the transaction to sell the asset or transfer the
liability takes place either:

1. In the principal market for the asset or liability, or

ii. In the absence of a principal market, in the most advantageous market for the asset or liability.

iii. The principal or the most advantageous market must be accessible by the Company.

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

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

Level 2 - Valuation techniques for which the lowest level input that is significant to the fair value measurement is

directly or indirectly observable other than quoted prices included in Level 1.

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

At each reporting date, management analyses the movements in the values of assets and liabilities which are
required to be re-measured or re-assessed as per the Company''s accounting policies. For this analysis, the
management verifies the major inputs applied in the latest valuation by agreeing the information in the valuation
computation to contracts and other relevant documents.

r. Cash flow statement

Cash flows are reported using the indirect method, whereby profit for the period is adjusted for the effects of
transactions of non-cash nature, any deferrals or accruals of operating cash receipts or payments and items 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 based on the nature of transactions.

s. Earnings per share

Basic earnings per share are calculated by dividing the net profit or loss for the period attributable to equity
shareholders by the weighted average number of equity shares outstanding during the period.

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

Diluted earnings per share is computed by dividing the profit after tax as adjusted for dividend, interest and other
charges to expense or income (net of any attributable taxes) relating to the dilutive potential equity shares, by the
weighted average number of equity shares considered for deriving basic earnings per share and the weighted
average number of equity shares which would have been issued on the conversion of all dilutive potential equity
shares.

Potential equity shares are deemed to be dilutive only if their conversion to equity shares would decrease the net
profit per share from continuing operations. Potential dilutive equity shares are deemed to be converted as at the
beginning of the period, unless they have been issued at a later date. The dilutive potential equity shares are
adjusted for the proceeds receivable had the shares been actually issued at average market value of the
outstanding shares. Dilutive potential equity shares are determined independently for each period presented.
The number of equity shares and potentially dilutive equity shares are adjusted for share splits / reverse share
splits and bonus shares, as appropriate.

t. Dividend to shareholders

Final dividend distributed to Equity shareholders is recognised in the period in which it is approved by the
members of the Company in its Annual General Meeting. Interim dividend is recognised when approved by the
Board of Directors at the Board Meeting. Both final dividend and interim dividend are recognised in the
Statement of Changes in Equity.

u. Borrowing Cost

Borrowing cost includes interest, amortization of ancillary costs incurred in connection with the arrangement of
borrowings and exchange differences arising from foreign currency borrowings to the extent they are regarded
as an adjustment to the interest cost. Borrowing costs, if any, directly attributable to the acquisition, construction
or production of an asset that necessarily takes a substantial period of time to get ready for its intended use or
sale are capitalized, if any. All other borrowing costs are expensed in the period in which they occur.

v. Segment Reporting

Operating segments are reported in a manner consistent with the internal reporting provided to the Chief
Operating Decision Maker (CODM) of the Company. The CODM is responsible for allocating resources and
assessing performance of the operating segments of the Company.

x. Events after Reporting date

Where events occurring after the Balance Sheet date provide evidence of conditions that existed at the end of the

reporting period, the impact of such events is adjusted within the financial statement. Otherwise, events after the
Balance Sheet date of material size or nature are only disclosed.

y. Current and Non-Current Classification: -

The Company presents assets and liabilities in the Balance Sheet based on current/ non-current classification.
An asset is treated as current by the Company when:

i. it expects to realise the asset, or intends to sell or consume it, in its normal operating cycle;

ii. it holds the asset primarily for the purpose of trading;

iii. it expects to realise the asset within twelve months after the reporting period;

iv. the asset is cash or a cash equivalent (as defined in Ind AS 7) unless the asset is 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.

A liability is treated as current by the Company when:

i. it expects to settle the liability in its normal operating cycle;

ii. it holds the liability primarily for the purpose of trading;

iii. the liability is due to be settled within twelve months after the reporting period;

iv. it does not have an unconditional right to defer settlement of the liability for at least twelve months after
the reporting period. Terms of a liability that could, at the option of the counterparty, result in its settlement by
the issue of equity instruments do not affect its classification. All other liabilities are classified as non-current.

Note:

1 The securities premium reserves was created out of the issue of equity shares at premium. This
reserve can be utilized for capitalization of fully paid bonus equity shares considering the
requirements of the Companies Act, 2013.

2 The General reserve is used from time to time to transfer profits from retained earnings for
appropriation purpose. As the general reserve is created by a transfer from one component of equity
to another and is not an item of other comprehensive income, items included in the general reserve
will not be reclassified subsequently to profit or loss.

3 Retained earnings represents profits generated and retained by the Company post distribution of
dividends to the equity shareholders in the respective years. This reserve can be utilized for
distribution of dividend by the Company considering the requirements of the Companies Act, 2013.

Note 32 : Corporate Social Responsibility

Pursuant to requirements of section 135 of the companies Act, 2013, CSR provisions is not applicable to
company.

Note 33 : Dues to micro, small and medium enterprises

In Terms of requirements of the Micro, Small and Medium Enterprises Development Act, 2006, the
Company has continuously sought confirmation. Based on the information available with the company,
below are the details of principal / interest amount due to micro and small enterprises.

Note:-

1. The above information has been determined to the extent such parties have been identified on the basis
of the information available with the Company. This has been relied upon by the auditors.

2. There are no dues of Micro, Small and Medium Enterprises exceeding 45 days from the date of invoice
and hence, no interest is payable for the year ended March 31, 2025 and March 31, 2024.

Note 41 - Financial Risk Management

These financial risk management policies are applied in order to mitigate potential adverse impact on the
financial performance. The note below explains how the Company''s exposure to various risks, such as
market risk foreign exchange, interest rate risk, credit risk, liquidity risk and capital risk are
addressed/mitigated.

Market Risks

1 Foreign Exchange Risk

Company has no payable/ receivable balances denominated in foreign currencies. Most of the
transactions of the Company are in Indian rupees.

(i) Sensitivity analysis

Company has no payable/ receivable balances denominated in foreign currencies and sensitivity
analysis was not applicable.

2 Interest Risk Management

The Company has not taken any borrowing from banks/ FI except vehicle loan. Hence the Company
is not required to determine the sensitivity analyses with regard to interest rate risk.

Credit Risk Management

Credit risk is minimized through conservative credit policy by the Company. The Company sells to
both small retailers and large format retailers, giving them a credit period of 30- 90 days. The
Company mitigates credit risk by strict receivable management procedures and policies. The
Company has a dedicated independent team to review credit and monitor collection of receivables
on a pan India basis.

Liquidity Risk Management

The Company has built an appropriate liquidity risk management framework for its short, medium
and long-term funding and liquidity requirements. The Company manages liquidity risk by
maintaining adequate reserves by continuously monitoring forecast and actual cash flows and
matching the maturity profiles of financial assets and financial liabilities.

The following table details the Company''s remaining contractual maturity for its non-derivative
financial liabilities.

The following table details the Company''s remaining contractual maturity for its non-derivative financial assets.
The table has been drawn up based on the undiscounted cash flows of financial assets based on the earliest date
on which the Company can collect the cash flows.

Interest Rate Risk Management

Interest rate risk is the risk that the fair value or future cash flows of a financial instruments will fluctuate
because of changes in market interest rates. However, the company is not significantly exposed to interest rate
risk as at the respective reporting dates.

Capital Risk Management

The Company manages its capital to ensure that the Company will be able to continue as a going concern while
maximizing the return to shareholder through the optimization of the debt and equity balance.

The capital structure of the Company consists of debt, represents the borrowings net of cash and bank balances
as disclosed in the respective notes above and total equity of the Company comprising issued share capital and
other equity attributable to the shareholders, as disclosed in the statement of changes in equity. The gearing ratio
at the end of the financial period is as below:

Note 42 - Operating Segments

Reportable segments include components of an enterprise about which separate financial information is
available which is evaluated regularly by the chief operating decision maker (the “CODM”] in deciding how to
allocate resources and in assessing performance. The Company is primarily engaged in the processing and
trading of edible oil which is a single segment as per Indian Accounting Standard IND AS 108.. The Board of
Directors is the CODM of the Company and makes operating decisions, assesses financial performance and
allocates resources based upon discrete financial information. Since the Company operate in a single operating
segment, separate segment reporting has not been made under Indian Accounting Standard (Ind- AS 108)-
”Operating Segment”. Further, the operation of company comprises a single geographical segment, India.

1 Current Ratio is computed by dividing Current Assets by Current liabilities.

2 Debt Equity Ratio is computed by dividing Borrowings by Total Equity Fund.

3 Debt Service Coverage Ratio computed by dividing profit after tax, finance cost & depreciation expenses by
Interest expenses, lease payments & principal repayments.

4 Return on Equity computed by dividing Profit After Tax numbers by average shareholders fund.

5 Inventory turnover ratio computed by dividing Average Stock {(Opening Closing stock)/2} by Cost of
goods sold.

6 Trade receivable ratio computed by dividing revenue from operations by average sundry debtors incl.
accrued income.

7 Trade Payable ratio computed by dividing other expenses and Cost of goods sold by average sundry
creditors including accrued expenses.

8 Net capital turnover ratio computed by dividing total revenue by Working Capital.

9 Net profit ratio computed by dividing Profit After Tax by total revenue.

10 Return on capital employed computed by dividing Earning before Interest and Tax by capital employed.

11 Return on investment computed by dividing Profit after Tax by capital invested (Capital employed-Cash
equivalents).

Note 44 - Additional Regulatory Information required by schedule III to the Companies Act, 2013

1 The Company does not have any benami property held in its name. No proceedings have been initiated on or
are pending against the Company for holding benami property under the Benami Transactions (Prohibition) Act,
1988 (Act No. 45 of 1988) and Rules made thereunder.

2 The Company has not been declared wilful defaulter by any bank or financial institution or other lender or
government or any government authority from where Company has availed banking facilities.

3 The Company has complied with the requirement with respect to number of layers prescribed under section
2(87) of the Companies Act, 2013 read with the Companies (Restriction on number of layers) Rules, 2017

4 Utilization of borrowed funds and share premium

4.1 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.

4.2 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.

5 There is no income surrendered or disclosed as income during the year in tax assessments under the Income
Tax Act, 1961 (such as search or survey), that has not been recorded in the books of account.

6 The Company has not traded or invested in crypto currency or virtual currency during the year.

7 The Company does not have any charges or satisfaction of charge which is yet to be registered with Registrar of
Companies.

Note 45 The Accounts of the company have been prepared on "going concern basis". The Board of Directors are of
the Opinion that the Current Assets and advances have realization value of an amount equivalent to their stated
carrying values.

Note 46 The Company does not have any transactions with companies which are struck off under Section 248 of
the Companies Act, 2013 or Section 560 of the Companies Act, 1956.

Note 47 The Company has not entered into any scheme of arrangement which has an accounting impact in current
or previous financial year.

Note 48 The company has not revalued its Property, plant and equipment during the financial year 2024-25.

Note 49 Company has not availed any financial assistance from banks/ Financial Institution and hence the
requirement of submission of quarterly returns comprising stock and book debts statements is not applicable.

Note 50 The Company has not entered into any agreements for loans or advances to the directors, promoters,
KMP''s and related parties where either loans and advances repayable on demand or without specifying any terms
of period of payment.

Note 51 Previous Year''s figures have been regrouped/ reclassified wherever necessary to correspond current
year''s classification/ disclosures.

Note 52 The financial statements were approved for issue by the Board of Directors at their meeting held on 29-
May-2025.

For Pipara & Co LLP For and on behalf of Board of Directors

Chartered Accountants For Regent Enterprises Limited

|Firm Registration No. 107929W/W100219

Sd/- Sd/- Sd/-

Chintan Jain Vikas Kumar Sachin Jain

Partner Whole Time Director Director

Membership No. 442215 DIN: 05308192 DIN: 07865427

Sd/- Sd/-

Ameet M Ganatra Mamta Sharma

Place: Ghaziabad Chief Financial Officer Company Secretary

Date: 29th May, 2025 PAN: AHJPG7435P PAN-GURPS1484P

---

Mar 31, 2024

(a) Rights / preferences / restrictions attached to equity shares

The Company has only one class of shares referred to as equity shares having par value of Rs. 10 per share. Each holder of equity share is entitled to one vote per share. The company declares and pays dividend in Indian Rupees. The final dividend proposed by the Board of Directors is subject to the approval of the shareholders in the ensuing Annual General Meeting, except in case of interim dividend. In the event of liquidation, the equity shareholders are eligible to receive the remaining assets of the Company after distribution of all preferential amounts, in proportion to their shareholding.

Note - The company has received approval from BSE Limited for reclassifying the Securocrop Securities India Private Limited from Promoter category to Public Category shareholder on March 28, 2024 vide their letter ref. no. LIST/COMP/RK/3416/2023-24. Accordingly, the said company is a public shareholder as on March 31, 2024.

1 The securities premium reserves was created out of the issue of equity shares at premium. This reserve can be utilized for capitalization of fully paid bonus equity shares considering the requirements of the Companies Act, 2013.

2 The General reserve is used from time to time to transfer profits from retained earnings for appropriation purpose. As the general reserve is created by a transfer from one component of equity to another and is not an item of other comprehensive income, items included in the general reserve will not be reclassified subsequently to profit or loss.

3 Retained earnings represents profits generated and retained by the Company post distribution of dividends to the equity shareholders in the respective years. This reserve can be utilized for distribution of dividend by the Company considering the requirements of the Companies Act, 2013.

Terms and conditions of the above financial liabilities:

(a) Trade Payables are payables in respect of the amount due on account of goods purchased or services received in the normal course of business.

(b) The identification of suppliers as Micro and Small enterprises covered under the " Micro, small and medium enterprises development act, 2006''" was done on the basis of the information to the extent provided by the suppliers of the company.

Refer note no. 33 for MSME disclosure and note no. 36 for trade payable ageing.

Note 38:	Contigent Liabilities
S. No	Contingency	Authority	Amount (in INR Lacs)
1	10% amount deposited on account of demand against rerersal of	Goods and	20.23
	Input tax credit on Bargain Settlement, raised by GST department	Service Tax
	during audit for financial year 2017-18 & 2018-19.	Athourity
2	FSSAI case at Dehradun	FSSAI, Dehradun	3.00
Total			23.23

Note:

1. No Provision have been made for disputed claims against the company mentioned as above, as the management is hopeful of successfully contesting the same in appeal.

2. Future cash outflows in respect of the above matters are determinable only on receipt of judgments/decisions pending at various forums/authorities. The Company does not expect the outcome of the matters stated above to have material adverse impact on the Company''s financial condition, results of operation or cash flows. The Company doesn''t envisage any likely reimbursement in respect of the above.

Note 41 - Financial Risk Management

These financial risk management policies are applied i n order to mitigate potential adverse impact on the financial performance. The note below explains how the Company''s exposure to various risks, such as market risk foreign exchange, interest rate risk, credit risk, liquidity risk and capital risk are addressed/mitigated.

Market Risks

1 Foreign Exchange Risk

Company has no payable/ receivable b alances denominated in foreign currencies. Most of the transactions of the Company are in Indian rupees.

(i) Sensitivity analysis

Company has no payable/ receivable balances denominated in foreign currencies and sensi tivity analysis was not applicable.

2 Interest Risk Management

The Company has not taken any borrowing from banks/ FI except vehicle loan. Hence the Company is not required to determine the sensitivity analyses with regard to interest rate risk.

Credit Risk Management

Credit risk is minimized through conse rvative credit policy by the Company. The Company sells to both small retailers and large format retailers, giving them a credit period of 30- 90 days. The Company mitigates credit risk by strict receivable management procedures and policies. The Company has a dedicated independent team to review credit and monitor collection of receivables on a pan India basis.

Liquidity Risk Management

The Company has built an appropriate liquidity ri sk management framework for its short, medium and longterm funding and liquidity requirements. The Company manages liquidity risk by maintaining adequate reserves by continuously monitoring forecast and actual cash flows and matching the maturity profiles of financial assets and financial liabilities.

Interest Rate Risk Management

Interest rate risk is the risk that the fair value or future cash flows of a financial instruments will fluctuate because of changes in market interest rates. However, the company is not significantly exposed to interest rate risk as at the respective reporting dates.

Capital Risk

Management

The Company mana ges its capital to ensure that the Company will be able to continue as a going concern while maximizing the return to shareholder through the optimization of the debt and equity balance.

The capital structure of the Company consists of debt, represents the borrowings net of cash and bank balances as disclosed in the respective notes above and total equity of the Company comprising issued share capital and other equity attributable to the shareholders, as disclosed in the statement of changes in equity. The gearing ratio at the end of the financial period is as below:

Note 42 - Operating Segments

Reportable segments include components of an enterprise about which separate financial information is available which is evaluated regularly by the chief operating decision maker (the “CODM”] in deciding how to allocate resources and in assessing performance. The Company is primarily engaged in the processing and trading of edible oil which is a single segment as per Indian Accounting Standard IND AS 108.. The Board of Directors is the CODM of the Company and makes operating decisions, assesses financial performance and allocates resources based upon discrete financial information. Since the Company operate in a single operating segment, separate segment reporting has not been made under Indian Accounting Standard (Ind- AS 108 )-”Operating Segment”. Further, the operation of company comprises a single geographical segment, India.

1 Current Ratio is computed by dividing Current Assets by Current liabilities

2 Debt Equity Ratio is computed by dividing Borrowings by Total Equity Fund

3 Debt Service Coverage Ratio computed by dividing profit after tax, finance cost & depreciation expenses by Interest expenses, lease payments & principal repayments

4 Return on Equity computed by dividing Profit After T ax numbers by average shareholders fund

5 Inventory turnover ratio computed by dividing Average Stock {(Opening Closing stock)/2} by Cost of goods sold.

6 Trade receivable ratio computed by dividing revenue from operations by average sundry debtors incl. accrued income

7 Trade Payable ratio computed by dividing other expenses and Cost of goods sold by average sundry creditors including accrued expenses

8 Net capital turnover ratio computed by dividing total revenue by Working Capital

9 Net profit ratio computed by dividing Profit After Tax by total revenue

10 Return on capital employed computed by dividing Earning before Interest and Tax by capital employed

11 Return on investment computed by dividing Profit after Tax by capital invested (Capital employed-Cash equivalents)

Note 44 - Additional Regulatory Information required by schedule III to the Companies Act, 2013

1 The Company does not have any benami property held in its name. No proceedings have been initiated on or are pending against the Company for holding benami property under the Benami Transactions (Prohibition) Act, 1988 (Act No. 45 of 1988) and Rules made thereunder.

2 The Company has not been declared wilful defaulter by any bank or financial institution or other lender or government or any government authority from where Company has availed banking facilities.

3 The Company has complied with the requirement with respect to number of layers prescribed under section 2(87) of the Companies Act, 2013 read with the Companies (Restriction on number of layers) Rules, 2017

4 Utilization of borrowed funds and share premium

4.1 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.

4.2 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:

(b) provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries.

5 There is no income surrendered or disclosed as income during the year in tax assessments under the Income TaxAct, 1961 (such as search or survey), that has not been recorded in the books of account.

6 The Company has not traded or invested in crypto currency or virtual currency during the year.

7 The Company does not have any charges or satisfaction of charge which is yet to be registered with Registrar of Companies.

Note 45 The Accounts of the company have been prepared on "going concern basis". The Board of Directors are of the Opinion that the Current Assets and advances have realization value of an amount equivalent to their stated carrying values.

Note 46 The Company does not have any transactions with companies which are struck off under Section 248 of the Companies Act, 2013 or Section 560 of the Companies Act, 1956.

Note 47 The Company has not entered into any scheme of arrangement which has an accounting impact in current or previous financial year.

Note 48 The company has not revalued its Property, plant and equipment during the financial year 2023-24.

Note 49 Company has not availed any financial assistance from banks/ Financial Institution and hence the requirement of

submission of quarterly returns comprising stock and book debts statements is not applicable.

Note 50 The Company has not entered into any agreements for loans or advances to the directors, promoters, KMP''s and related parties where either loans and advances repayable on demand or without specifying any terms of period of payment.

Note 51 Previous Year''s figures have been regrouped/ reclassified wherever necessary to correspond current year''s

Note 52 The financial statements were approved for issue by the Board of Directors at their meeting held on 15-May-2024.

---

Mar 31, 2015

1. Investments have been verified and certified by the management. Investments of the company in the form of shares and Govt. securities are either lodged or transferred or held with valid transfer forms as certified.

2. No provision has been made of interest on short term loans and advances given.

3. No deposit has been accepted from the public under Section 73 of the Companies Act 2013.

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

5. Figures are rounded off to nearest rupee.

6. Accounting for Taxes on income -

7. In accordance with the requirements under the Accounting Standard 22 - "Accounting for taxes on income", there is no timing difference arises during the year hence the Company has not created any Deferred Tax asset/liability during the year.

8. The deferred tax assets arisen on account of unabsorbed depreciation and Carry Forward Losses have been recognized and carried forward only to the extent where there is reasonable extent & where there is reasonable certainty that sufficient future taxable income will be available against which such deferred tax assets can be adjusted. The deferred tax liability has arisen principally on account of the time difference between the depreciation admissible under the Income Tax Act and the depreciation adjusted in the accounts.

9. There was no due as at 31.03.2015 under Micro Small and Medium Enterprises Act. 2006.

---

Mar 31, 2013

Note:1 Investments have been verified and certified by the management. Investments of the company in the form of shares and Govt. securities are either lodged or transferred or held with valid transfer forms as certified.

Note:2 No provision has been made of interest on short term loans and advances given.

Note:3 No deposit has been accepted from the public under Section 58(A) of the Companies Act 1956 and the Companies (Acceptance of Deposits) Rules, 1975.

Note:4 Previous year figures have been regrouped or rearranged wherever necessary

Note:5 Figures are rounded off to nearest rupee.

Note:6 Accounting for Taxes on income-

In accordance with the requirements under the Accounting Standard 22-"Accounting for taxes on income", the Company has created Deferred Tax Liability of Rs. 134473/- during the year.

Note:24 The deferred tax assets arisen on account of unabsorbed depreciation and Carry Forward Losses have been recognized and carried forward only to the extent where there is reasonable extent & where there is reasonable certainty that sufficient future taxable income will be available against which such deferred tax assets can be adjusted. The deferred tax liability has arisen principally on account of the time difference between the depreciation admissible under the Income Tax Act and the depreciation adjusted in the accounts.

Note:7 There was no due as at 31.03.2013 under Micro Small and Medium Enterprises Act. 2006

---

Mar 31, 2012

Note "1" Director Remuneration

31.03.2012 31.03.2011

Salary NIL NIL

Note "2" Investments have been verified and certified by the management. Investments of the company in the form of shares and Govt. securities are either lodged or transferred or held with valid transfer forms as certified.

Note "3" No provision has been made of interest on short term loans and advances given.

Note "4" No deposit has been accepted from the public under Section 58(A) of the Companies Act 1956 and the Companies (Acceptance of Deposits) Rules, 1975.

Note"5" Previous year figures have been regrouped or rearranged wherever necessary

Note"6" Figures are rounded off to nearest rupee.

Note"7" Accounting for Taxes on income -

In accordance with the requirements under the Accounting Standard 22-"Accounting for taxes on income", the Company has created Deferred Tax Assets of Rs. 45174/-- during the year.

Note"8" The deferred tax assets arisen on account of unabsorbed depreciation and Carry Forward Losses have been recognized and carried forward only to the extent where there is reasonable extent & where there is reasonable certainty that sufficient future taxable income will be available against which such deferred tax assets can be adjusted. The deferred tax liability has arisen principally on account of the time difference between the depreciation admissible under the Income Tax Act and the depreciation adjusted in the accounts.

Note"9" There was no due as at 31.03.2012 under Micro Small and Medium Enterprises Act. 2006

---

Mar 31, 2011

1. Investments have been verified and certified by the management. Investments of the company in the form of shares and Govt. securities are either lodged or transferred or held with valid transfer forms as certified.

2. No provision has been made of interest on short term loans and advances given.

3. No deposit has been accepted from the public under Section 58 (A) of the Companies Act 1956 and the Companies (Acceptance of Deposits) Rules, 1975.

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

5. Figures are rounded off to nearest rupee.

6. The deferred tax assets arisen on account of unabsorbed depreciation and Carry Forward Losses have been recognized and carried forward only to the extent where there is reasonable extent & where there is reasonable certainty that sufficient future taxable income will be available against which such deferred tax assets can be adjusted. The deferred tax liability has arisen principally on account of the time difference between the depreciation admissible under the Income Tax Act and the depreciation adjusted in the accounts.

7. There was no due as at 31.03.2011 under Micro Small and Medium Enterprises Act. 2006

---

Mar 31, 2010

1. Investments have been verified and certified by the management, investments of the company in the form of shares and Govt, securities are either lodged or transferred or held with valid transfer forms as certified.

2. No provision has been made of interest on short term loans and advances given.

3. No deposit has been accepted from the public under section 58 (A) of the Companies Act 1956 and the Companies (Acceptance of Deposits) Rules, 1975.

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

5. Figures are rounded off to nearest rupee.

6. Accounting for Taxes on income -

In accordance with the requirements under the Accounting Standard 22-"Accounting for taxes on income", the Company has provided for deferred tax Assets / liabilities of Rs. 20, 30,916/- during the year.

The deferred tax assets arisen on account of unabsorbed depreciation and carry forward Losses have been recognized and carried forward only to the extent where there is reasonable extent & where there is reasonable certainty that sufficient future taxable income will be available against which such deferred tax assets can be adjusted. The deferred tax liability has arisen principally on account of the time difference between the depreciation admissible under the Income Tax Act and the depreciation adjusted in the accounts. 9. There was no due as at 31.03.2010 under Micro Small and Medium Enterprises Act. 2006

---

Mar 31, 2009

1. Some of the balances stated in current assets, loan & advances , sundry debtors and sundry creditors are subject to confirmation and reconciliation.

2. Investments have been verified and certified by the management, investments of the company in the form of shares and Govt, securities are either lodged or transferred or held with valid transfer forms as certified.

3. No provision has been made of interest on short term loans and advances given.

4. No deposit has been accepted from the public under section 58 (A) of the Companies Act 1956 and the Companies (Acceptance of Deposits) Rules, 1975.

5. Previous year figures have been regrouped or rearranged wherever necessary. Jl. Figures are rounded off to nearest rupee.

6. Accounting for Taxes on income

In accordance with the requirements under the Accounting Standard 22-"Accounting for taxes on income", the Company has provided for deferred tax liabilities of Rs, 1489170/- during the year Deferred Tax Assets & Liabilities as on 31st March,2009 are as under

The deferred tax assets arisen on account of unabsorbed depreciation and carry forward. Losses have been recognised and carried forward only to the extent where there Is reasonable extent & where there is reasonable certainty that sufficient future taxable income will be available against which such deferred tax assets can be adjusted. The deferred tax liability has arisen principally on account of the time difference between the depreciation admissible under the Income Tax Act and the depreciation adjusted in the accounts. It is the reason that amount shown as deferred tax liabilities in the financial statements for the F.Y. 2007-08 was less by Rs.22,72,294/- and amount of Profit & Loss carried forward was more.

---

Mar 31, 2002

1. Current Assets including balance Loans & Advances and current 1iabilities are subject to confirmation & reconci1iation , if any.

2. In the opinion of Board of Directors current assets, loans and advances have the value at which they were stated in the Balance Sheet, if realised in the ordinary course of business.

3. Previous year figures have been regrouped/recasted wherever considered necessary.

4. Remittance in foreign currency during the year Nil (Previous year ............. NIL)

5 Expenses in foreign Currency during the year Nil (Previous year.............. Ni1)

6 . Earning in foreign currency during the year Nil (Previous year.............. Nil )

7. Amount overdue to SSI units at the year end Nil

8. Contigent liability NIL. at the end of the accounting year.

9. Related party disclosure, as required by As-18, "Related party Disclosures" are given below.

Key management personnel

Mr. J. P. Jain Director

Mr. Sukhbir Singh Director

Mr. Jasrsj Jain Director

10. Additional information are required under 3 and 4 of part II of schedule III of the companies Act, 1956 has been give to the extent it is applicable

11. Schedule A to L forms an integral part of the Profit and Loss Account and Balance Sheet as at 31st March, 2002.