Notes to Accounts of Sinnar Bidi Udyog Ltd.

Mar 31, 2024

12) Provision and Contingent Liabilities

Provisions for Contingencies / Contingent liabilities are recognized / disclosed after
evaluation of facts and legal aspects of the matter involved, in line with IND AS 37
on Provisions, Contingent Liabilities and Contingent Assets. Provisions are
recognized when the Company has a present obligation (legal/constructive) and on
management judgment as a result of a past event, for which it is probable that a cash
outflow will be required, and a reliable estimate can be made of the amount of the
obligation. As the timing of outflow of resources is uncertain, being dependent upon
the outcome of the future proceedings, these provisions are not discounted to their
present value.

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 ,
When there is a possible obligation or a present obligation in respect of which
likelihood of outflow of resources is remote, no provision or disclosure is made.

Contingent assets are not recognized in financial statements since this may result in
the recognition of income that may never be accrued / realized.

13) Impairment

(I) Financial Assets (Other than at fair value)

The Company assesses on each date of the Balance sheet whether a financial asset or
a group of financial assets is impaired. IND AS 109 requires expected credit losses to
be measured through a loss allowance. The Company recognizes lifetime expected
losses for all contract assets and / or all trade receivables that do not constitute a
financing transaction. For all other financial assets, expected credit losses are
measured at an amount equal to the 12 month expected credit losses or at an amount
equal to the lifetime expected credit losses if the credit risk on the financial asset has
increased significantly since initial recognition.

(II) Non-Financial Assets
Tangible and Intangible Assets

Property, plant and equipment and intangible assets with finite life are evaluated for
recoverability whenever there is any indication that their carrying amounts may not
be recoverable. If any such indication exists, the recoverable amount (i.e. higher of
the fair value less cost to sell and value-in-use) is determined on an individual asset
basis unless the asset does not generate cash flows that are largely independent of
those from other assets. In such cases, the recoverable amount is determined for the
cash generating unit (CGU) to which the asset belongs.

If the recoverable amount of an asset (or CGU) is estimated to be less than its
carrying amount, the carrying amount of the asset (or CGU) is reduced to its
recoverable amount. An impairment loss is recognized in the statement of profit and
loss.

14) Earning Per Share

Basic earnings per share is computed by dividing the net profit for the period
attributable to the equity shareholders by the weighted average number of equities
shares outstanding during the period. For the purpose of calculation diluted
earnings per share, the net profit 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, if any.

Note: 38 As per Information given,the company does not have relationship with any company which have been
struck-off from the register of Registar of Companies (ROC).

Note: 39 The company has not traded or Invested in Crypto Currency or Virtual Currency during the financial
year.

Note: 40 The company has complied with requirements of number of layers prescribed under clauses (87) of
section 2 of the Act read with Companies(Resctrictions on No of layers) Rule,2017.

Note: 41 The balances of Creditors and Debtors appearing in the balance sheet are subject to balance
confirmation/reconciliation at the year end.The management is in the process of obtaining the respective
confirmations in due course.However,It is informed that the reconciliation is not expected to result in any
material adjustment in stated balances.

Note: 42 Figures of the previous year have been regrouped/rearrenged wherever necessary to conform to the
current year''s presentations.

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Mar 31, 2015

Note :1

In past the company used to manufacture and sell ''Bidis''

The Bidi''s manufactured by the company were sold to Traders / Exporters, who used to export them to various countries. Bidi''s sold to some such Traders/Exporters were exported by them to USA.

As per the prevailing law in USA, the responsibility of depositing the amount in Escrow Deposit Fund (On account of sales of tobacco products in that country) was of the manufacturer of tobacco products.

Accordingly , on the basis of demand raised against the company for non-fulfillment of this requirement - a sum of Rs.211.40 Lacs is provided for in the books of the company upto 31 st March 2015. (31 st March 2014 - Rs 201.46 Lacs) (Refer Note No.5)

During the current year no any fresh demand was made against the company. The current year figure of appearing in Statement of Profit and Loss Rs.9.95 Lacs represents foreign exchange loss on restatement of outstanding liability of escrow fund demand provision already made in earlier years (Previous year: Loss Rs. 17.76 Lacs)

Note :2

A) The company has established a seperate Gratuity Fund Trust to take care of the Gratuity Liability of its employees. It is informed that against the accrued gratuity liability as on 31st March, 2015 ascertained by the company of Rs. 9,27,298/- (Previous year Rs.9,64,746/-) the Gratuity Fund Trust has investments to the tune of Rs 7,57,647/-. (Previous year Rs 7,43,716/-). The shortfall of Rs 1,69,651/-(Previous year Rs. 2,21,029/-) has been provided for in the accounts of the current year.

B) This gratuity liability calculated by the company/trust takes into account the sum that would have been payable as gratuity to all the eligible employees as on the last day of the financial year as per the Payment of Gratuity Act, 1972 in the absence of Acturial Valuation as per Accounting Standard -15 (Revised).

C) Similarly the liability arising on account of accrued leave salary is provided for in the accounts which considers the sum that would have been payable to the eligible employees as on the last day of the financial year in absence of Acturial Valuation as per Accounting Standard -15 (Revised).

D) Looking at the small number of employees as on 31 st March 2015, the management is of the opinion that, the liability provided for in the books / funds available with the Gratuity Fund Trust are sufficient to cover these obligations.

Note :3

It is informed that Income Tax Assessments have been completed upto A.Y.2011-12.

Note :4

RELATED PARTY DISCLOSURES:

RELATED PARTIES WITH WHOM THE COMPANY HAD TRANSACTIONS, ETC

(i) Associates / Entities in which Promoters are able to exercise significant influence:

1. Rasbihari Enterprises Ltd.

2. Vidarbha Bidi Ltd.

3. Yogi Ayurvedic Products Pvt Ltd.

4. Tip Top Health Zone Pvt.Ltd.

5. STS Exports Ltd.

6. M/s. S.K. Sarda.

7. Sungrowth Manpower Services Pvt Ltd.

8. City Centre Mall Nashik Pvt. Ltd.

9. Sarda Milk & Agra Produce Pvt. Ltd.

10. Sarda Fresh Fruits Pvt. Ltd.

11. Rasbihari Properties Pvt. Ltd.

12. Nashik Natural Products Pvt. Ltd.

13. S. K. Sarda Developers Pvt. Ltd.

(ii) Relatives / Members of Promoter Group:

1. Shri KB Sarda.

2. Sau K.K.Sarda.

3. Shri SK Sarda.

4. Sau.S.V.Sisodiya.

(iii) Key Management Personnel:

Shri C.B.Patil

Note :4

The Company revised depreciation rates on tangible fixed assets w.e.f. 01-04-2014 as per useful life specified in the Schedule II of the Companies Act, 2013. As Prescribed in said Schedule II, an amount of Rs. 1.89 lacs (net of taxes Rs.1.31 lacs) have been charged to the opening balance of the retained earnings for the assets in respect of which the remaining useful life is NIL as on 1st April 2014, and in respect of other assets on that date, depreciation has been calculated based on the remaining useful life of those assets. Had the Company continued with the previously applicable Schedule XIV rates, charge for depreciation for the year ended March 31,2015 would have been lower and the net profit would have been higher by Rs.1.82 lacs.

Note :5

Figures for the previous year have been regrouped wherever considered practicable and necessary.

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Mar 31, 2014

31.03.2014 31.03.2013 RUPEES RUPEES

NOTE 1:

NOTES FORMING PART OF BALANCE SHEET AS AT 31ST MARCH, 2014 AND STATEMENT OF PROFIT AND LOSS FOR THE YEAR ENDED ON THAT DATE 1. Contingent Liabilities ( Rs. Lacs)

Claims against the company not acknowledged as debts :

a) Escrow Fund Matter 2182932 1990536

b) Labour / ESIC Matters 813514 813514 No interest is calculated on the above contingent liabilities for want of information. 2996446 2804050 In the opinion of the management , no provision is required against contingent liabilities stated above.

2. A) The company has established a seperate Gratuity Fund Trust to take care of the Gratuity Liability of its employees. It is informed that against the accrued gratuity liability as on 31st March, 2014 ascertained by the company of Rs. 9,64,746/- (Previous year Rs.7,70,699/-) the Gratuity Fund Trust has investments to the tune of Rs 7,43,716/-. (Previous year Rs 6,83,914/-). The shortfall of Rs 2,21,029/-(Previous year Rs. 43,230/- ) has been provided for in the accounts of the current year.

B) This gratuity liability calculated by the company/trust takes into account the sum that would have been payable as gratuity to all the eligible employees as on the last day of the financial year as per the Payment of Gratuity Act, 1972 in the absence of Acturial Valuation as per Accounting Standard - 15 (Revised).

C) Similarly the liability arising on account of accrued leave salary is provided for in the accounts which considers the sum that would have been payable to the eligible employees as on the last day of the financial year in absence of Acturial Valuation as per Accounting Standard - 15 (Revised).

D) Looking at the small number of employees as on 31st March 2014, the management is of the opinion that, the liability provided for in the books / funds available with the Gratuity Fund Trust are sufficient to cover these obligations.

3. RELATED PARTY DISCLOSURES :

RELATED PARTIES WITH WHOM THE COMPANY HAD TRANSACTIONS, ETC

(i) Associates / Entities in which Promoters are able to exercise significant influence :

1. Rasbihari Enterprises Ltd.

2. Vidarbha Bidi Ltd.

3. Yogi Ayurvedic Products Pvt Ltd.

4. Tip Top Health Zone Pvt.Ltd.

5. STS Exports Ltd.

6. M/s. S.K. Sarda.

7. Sungrowth Manpower Services Pvt Ltd.

8. City Centre Mall Nashik Pvt. Ltd.

9. Sarda Milk & Agro Produce Pvt. Ltd.

10. Sarda Fresh Fruits Pvt. Ltd.

11. Rasbihari Properties Pvt. Ltd.

12. Nashik Natural Products Pvt. Ltd.

13. S. K. Sarda Developers Pvt. Ltd.

(ii) Relatives / Members of Promoter Group :

1. Shri K B Sarda.

2. Sau K.K.Sarda.

3. Shri S K Sarda .

4. Sau. S.S.Sarda.

5. Sau.S.V.Sisodiya.

4. Figures for the previous year have been regrouped wherever considered practible and necessary.

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Mar 31, 2013

2012-2013 2011-2012 RUPEES RUPEES

NOTE 1:

NOTES FORMING PART OF BALANCE SHEET AS AT 31ST MARCH, 2012 AND STATEMENT OF PROFIT AND LOSS FOR THE YEAR ENDED ON THAT DATE

1. Contingent Liabilities ( Rs. Lacs)

Claims against the company not acknowledged as debts :

a) Escrow Fund Matter Nil 1,909,129

b) Labour / ESIC Matters 813,514 813,514

813,514 2,722,643

In the opinion of the management , no provision is required against contingent liabilities stated above.

2. A) The company has established a separate Gratuity Fund Trust to take care of the Gratuity Liability of its employees. It is informed that against the accrued gratuity liability as on 31st March, 2013 ascertained by the company of Rs. 7,70,699/-(Previous year Rs.11,85,829/-) the Gratuity Fund Trust has investments to the tune of Rs 6,83,914/-. (Previous year Rs

11,42,599/-). The shortfall of Rs 86,785/-(Previous year Rs.

43,230/- ) has been provided for in the accounts of the current year.

B) This gratuity liability calculated by the company/trust takes into account the sum that would have been payable as gratuity to all the eligible employees as on the last day of the financial year as per the Payment of Gratuity Act, 1972 in the absence of Actuarial Valuation as per Accounting Standard - 15 (Revised).

C) Similarly the liability arising on account of accrued leave salary is provided for in the accounts which considers the sum that would have been payable to the eligible employees as on the last day of the financial year in absence of Actuarial Valuation as per Accounting Standard - 15 (Revised).

D) Looking at the small number of employees as on 31st March 2013, the management is of the opinion that, the liability provided for in the books / funds available with the Gratuity Fund Trust are sufficient to cover these obligations.

3 It is informed that Income Tax Assessments have been completed upto A.Y.2011-12 .

2. RELATED PARTY DISCLOSURES :

RELATED PARTIES WITH WHOM THE COMPANY HAD TRANSACTIONS, ETC

( i ) Associates / Entities in which Promoters are able to exercise significant influence :

1. Rasbihari Enterprises Ltd.

2. Vidarbha Bidi Ltd.

3. Yogi Ayurvedic Products Pvt Ltd.

4. Tip Top Health Zone Pvt.Ltd.

5. STS Exports Ltd.

6. M/s. S.K. Sarda.

7. Sungrowth Manpower Services Pvt Ltd.

8. City Centre Mall Nashik Pvt. Ltd.

9. Sarda Milk & Agro Produce Pvt. Ltd.

( ii ) Relatives / Members of Promoter Group :

1. Shri K B Sarda.

2. Sau K.K.Sarda.

3. Shri S K Sarda .

4. Sau. S.S.Sarda.

5. Sau.S.V.Sisodiya.

6. Madura A.Saboo.

(iii) Key Management Personnel :

Shri C.B.Patil Shri N.L.Patil

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Mar 31, 2012

Note:-

The Bidi's manufactured by the company were sold to Traders / Exporters, who used to export them to various countries.In earlier years, Bidi's sold to some such Traders/Exporters were exported by them to USA.

As per the prevailing law in USA, the responsibility of depositing the amount in Escrow Deposit Fund (On account of sales of tobacco products in that country) was of the manufacturer of tobacco products.

Accordingly , on the basis of demand raised against the company for non-fulfillment of this requirement - a sum of Rs. 172.78 Lacs is provided for in the books of the company upto 31st March 2012.

During the current year no any fresh demand was made against the company. The current year figure of appearing in Statement of Profit and Loss Rs.21.98 Lacs represents foreign exchange loss on restatement of outstanding liability of escrow fund demand provision already made in earlier years (Previous year: Gain Rs. 1.65 Lacs)

1. Contingent Liabilities (Rs. Lacs)

Claims againstthe company not acknowledged as debts:

a) Escrow Fund Matter 1909129 1666196

b) Labour/ESIC Matters 813514 813514

2722643 2479710

2. A) The company has established a seperate Gratuity Fund Trust to take care of the Gratuity Liability of its employees. It is informed that against the accrued gratuity liability as on 31st March, 2012 ascertained by the company of Rs. 11,85,829/- (Previous year Rs.16,69,435/-) the Gratuity Fund Trust has investments to the tune of Rs 11,42,599/-. (Previous year Rs 17,24,095/-). The shortfall of Rs.

43,230/-(Previous year Nil ) has been provided for in the accounts of the current year. -

B) This gratuity liability calculated by the company takes into account the sum that would have been payable as gratuity to all the eligible employees as on the last day of the financial year as per the Payment of Gratuity Act, 1972 in the absence of Acturial Valuation as per Accounting Standard -15 (Revised).

C) Similarly the liability arising on account of accrued leave salary is provided for in the accounts which considers the sum that would have been payable to the eligible employees as on the last day of the financial year in absence of Acturial Valuation as per Accounting Standard -15 (Revised).

D) Looking at the small number of employees as on 31st March 2012, the management is of the opinion that, the liability provided for in the books / funds available with the Gratuity Fund Trust are sufficient to cover these obligations.

3. It is informed that Income Tax Assessments have been completed upto A.Y.2010-11 .

4. Amounts paid and/or payable to the Auditorfor services rendered:

AuditFees 115815 115815

Certification Work/Other Misc. 34195 28680

5 Segment Reporting:

a) Primary Segment:

The company considers Tobacco Products and Tobacco as one business segment

b) Secondary Segment:

All the sales of the company are in the Indian Market and hence, there are no reportable geographical segments.

6 Impairment of Assets (AS:28):

Required provision has been made for impairment of fixed assets.

7. Contingent Liabilities & Contingent Assets (AS:29): .

In the opinion of the management , no provision is required against contingent liabilities referred in Note 26( 1).

8 Future Lease Obligations

The company has entered into various operating lease agreements and the amounts paid under such agreements have been charged to revenue as rent under Note 24. All these agreements are cancellable in nature.

9. Value Imported and Indigenous Material Consumed.

10 RELATED PARTY DISCLOSURES:

RELATED PARTIES WITH WHOM THE COMPANY HAD TRANSACTIONS, ETC

(i) Associates / Entities in which Promoters are able to exercise significant influence:

1 Rasbihari Enterprises Ltd

2 Vidarbha Bidi Ltd '

3 Yogi Ayurvedic Products Pvt Ltd

4 Tip Top Health Zone Pvt.Ltd.

5 STS Exports Ltd

6 M/s. S.K. Sarda

7 Sungrowth Manpower Services Pvt Ltd.

8 City Centre Mall (Nasik) Pvt. Ltd.

9 Sarda Milk&Agro Produce Pvt. Ltd.

(ii) Relatives / Members of Promoter Group:

1 Shri KB Sarda.

2 Sau K.K.Sarda.

3 Shri S K Sarda.

4 Sau. S.S.Sarda.

5.Sau. S.V.Sisodiya

6.MaduraA. Saboo

(i ii) Key Management Personnel:

Shri C.B.Patil .

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Mar 31, 2011

1. Contingent Liabilities (Rs. Lacs) Claims against the company not acknowledged as debts:

a) Escrow Fund Matter 16.66 16.84

b) Labour/ESIC Matters 8.14 9.13

24.80 25.97

2. A) The company has established a seperate Gratuity Fund Trust to take care of the Gratuity Liability of itsemployees. It is informed that against the accrued gratuity liability as on 31st March, 2011 ascertained by the company of Rs. 16.69 lacs (Previous year Rs. 16.59 lacs) the Gratuity Fund Trust has sufficient investments to meet the entire liability. Therefore, no provision for gratuity is made in the accounts during the current year.

B) This liability takes into account the sum that would have been payable as gratuity to all the eligible employees as on the last day of the financial year as per the Payment of Gratuity Act, 1972 in the absence of Acturial Valuation as per Accounting Standard-15 (Revised).

C) Similarly the liability arising on account of accrued leave salary is provided for in the accounts which considers the sum that would have been payable to the eligible employees as on the last day of the financial year in absence of Acturial Valuation as perAccounting Standard-15 (Revised).

D) Looking at the small number of employees as on 31st March 2011, the management is of the opinion that, the liability provided for in the books / funds available with the Gratuity Fund Trust are sufficient to cover these obligations.

3. The Bidi's manufactured by the company were sold to Traders / Exporters, who used to export them to various countries.In earlier years, Bidi's sold to some such Traders/Exporters were exported by them to USA.

As per the prevailing law in USA, the responsibility of depositing the amount in Escrow Deposit Fund (On account of sales of tobacco products in that country) was of the manufacturer of tobacco products.

Accordingly , on the basis of demand raised against the company for non-fulfillment of this requirement- a sum of Rs.150.81 Lacs was provided for in the books of the company upto 31 st March 2011.

During the current year no any fresh demand was made against the company. The current year figure of appearing in Profit and Loss Account Rs. 1.65 Lacs represents foreign exchange gain on restatement of outstanding liability of escrow fund demand provision already made in earlier years.

4 It is informed that Income Tax Assessments have been completed upto A.Y.2008-09. In respect of A.Y.2007-08, company had filed loss return. The assessing officer made certain additions / disallowed some expenses- thereby reducing the loss. Company has filed an appeal against the said order which is pending before Commissioner of IncomeTax (Appeals).

5 The company has not received any intimation from its suppliers regarding their status underthe Micro, Small and Medium Enterprises DevelopmentAct, 2006 and hence disclosures, if any, relating to amounts unpaid as at the year end as required underthe said Act have not been furnished.

6. Segment Reporting:

a) Primary Segment:.

The company considers Tobacco Products and Tobacco as one business segment

b) Secondary Segment:

All the sales of the company are in the Indian Market and hence, there are no reportable geographical segments.

7. Impairment of Assets (AS:28): Required provision has been made for impairment of fixed assets.

8. Contingent Liabilities & Contingent

Assets (AS:29): In the opinion of the management, no provision is required against contingent liabilities referred in Schedule 6, Note 1 on Contingent Liabilities.

9. Information pursuant to paragraphs 3,4 C and 4 D of Part II of Schedule VI of the Companies Act, 1956.

(As Certified by Management)

10. RELATED PARTY DISCLOSURES :

RELATED PARTIES WITH WHOM THE COMPANY HAD TRANSACTIONS, ETC (i) Associates / Entities in which Promoters are able to exercise significant influence:

1. Rasbihari Enterprises Ltd

2. Vidarbha Bidi Ltd

3. Yogi Ayurvedic Products Pvt Ltd

4. TipTop Health Zone Pvt.Ltd.

5. STS Exports Ltd

6. M/s.S.K.Sarda

7. Sungrowth Manpower Services Pvt Ltd.

8. City Centre Mall Nashik Pvt. Ltd.

(ii) Relatives / Members of Promoter Group:

1. ShriKBSarda.

2. SauK.K.Sarda.

3. Shri S K Sarda.

4. Sau.S.S.Sarda.

(iii) Key Management Personnel: ShriV.S.Maydeo

11. Figures forthe previous year have been regrouped wherever considered practicable and necessary.

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Mar 31, 2010

1. Contingent Liabilities ( Rs. Lacs)

Claims against the company not acknowledged as debts :

a) Escrow Fund Matter 16.84 19.01

b) Labour / ESIC Matters 9.13 9.97

25.97 28.98



2. A) The company has established a seperate Gratuity Fund Trust to take care of the Gratuity Liability of its employees. It is informed -at against the accrued gratuity liability as on 31st March 2010 ascertained by the company of Rs. 16.59 lacs (Previous year Rs.18 lacsthe Gratuity Fund Trust has sufficient investments to meet the entire liability. Therefore, no provision for gratuity is made in the accounts duringthe current year.

B) This liability takes into accountthe sum -at would have been payable as gratuity to allthe eligible employees as on the last day of the financial year as per the Payment of Gratuity Act, 1972 inthe absence of Acturial valuation as per Accounting Standard -15 (Revised).

C) Similarly the liability arising on account of accrued leave salary is provided for in the accounts which considers the sum -at would have been payable to the eligible employees as on the last day of the financial year in absence of Acturial Valuation as per Accounting Standard -15 (Revised).

D) Looking atthe small number of employees as on 31st March 2010,the management is of the opinion that,the liability provided for in the books / funds available with the Gratuity Fund Trust are sufficient to cover these obligations.

3. The Bidis manufactured by the company were sold to Traders / Exporters, who used to exportthem to various countries.ln earlier years, Bidis sold to some such Traders / Exporters were exported by them to USA

As perthe prevailing law in USA,the responsibility of depositingthe amount in Escrow Deposit Fund (On account of sales of tobacco products in that country) was of the manufacturer of tobacco products.

Accordingly , on the basis of demand raised against the company for non fulfillment of this requirement a sum of Rs.152.46 Lacs was provided for in the books of the company upto 31st March 2010.

Duringthe current year no any fresh demand was made against the company. The current year figure of Rs.19.62 Lacs represents foreign exchange gain on restatement of outstanding liability of escrow fund demand provision already made in earlier years.

4 It is informed that Income Tax Assessments have been completed uptoA.Y.2007-08 In respect of A.Y.2007-08, company had filed loss returnthe assessing officer made certain additions / disallowed some expenses ereby reducingthe loss.Company has filed an appeal againstthe said order which is pending before Commissioner of Income Tax (Appeals ).

9 the company has not received any intimation from its suppliers regarding their status under the Micro , Small and Medium Enterprises Development Act, 2006 and hence disclosures, if any, relating to amounts unpaid as at the year end as required under the said Act have not been furnished.

12. Segment Reporting:

a) Primary Segment :

The company considers Tobacco Products and Tobacco as one business segment

b) Secondary Segment :

Allthe sales of the company are in the Indian Market and hence,there are no reportable geographical segments.

13. Impairment of Assets (AS:28) : Required provision has been made for impairment of fixed assets.

14. Contingent Liabilities & Contingent

Assets (AS:29) : Inthe opinion of the management, no provision is required against contingent liabilities referred in Schedule 7, Note 1 on Contingent Liabilities.

15. Information pursuant to paragraphs 3, 4 C and 4 D of Part II of Schedule VI of the Companies Act.1956.

(As Certified by Management)

17. RELATED PARTY DISCLOSURES :

RELATED PARTIES with WHOM THE COMPANY HAD TRANSACTIONS, ETC

(i) Associates / Entities in which Promoters are able to exercise significant influence :

1. Rasbihari Enterprises Ltd

2. Vidarbha Bidi Ltd

3. Yogi Ayurvedic Products Pvt Ltd

4. Tip Top Health Zone Pvt Ltd

5. STS Exports Ltd

6. Trustwory Trade & Transport Pvt Ltd

7. M/s. S.K. Sarda

8. Shrirang Tobacco Processors Ltd .

9. Shrirang Bidi Pvt.Ltd .

10. Kay Bee Food Products ( Nashik) Pvt Ltd .

11. Kiran Ayurvedic Products Pvt Ltd .

12. Snow Valley Hotels Pvt Ltd.

13. Pashupatina Tobacco Prod. Pvt Ltd .

14. Sungrow Manpower Services Pvt Ltd.

15. City Centre Mall (Nashik) Pvt. Ltd.

(ii) Relatives / Members of Promoter Group :

1. Shri K B Sarda.

2. Sau K.K.Sarda.

3. Shri S K Sarda.

4. Sau. S.S.Sarda.