Notes to Accounts of Surya India Ltd.

Mar 31, 2024

xii) Provisions and Contingent Liabilities

Provisions are recognized when the Company has a present obligation (legal or constructive) as a result of a past event; it
is probable that an outflow of resources embodying economic benefits will be required to settle the obligation and when a
reliable estimate can be made of the amount of the obligation. Provisions are measured at the best estimate of the
expenditure required to settle the present obligation at the Balance Sheet date.

Contingent liabilities are 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 or a present obligation that arises from past events where it is either not probable that an outflow
of resources will be required to settle the obligation or a reliable estimate of the amount cannot be made.

xiii) Segment Reporting - Operating Segments

Operating Segments are reported in a manner consistent with the internal reporting and are based on monitoring of
operating results by the Chief Operating Decision Maker, separately for making decision about resource allocation and
performance assessment. The Company prepares its segment information in conformity with the accounting policies
adopted for preparing and presenting the financial statements of the Company.

xiv) Earnings per Share
Basic Earnings per Share

Basic earning per share are calculated by dividing the net profit or loss for the year attributable to equity shareholders
(after attributable taxes) by weighted average number of equity shares outstanding during the period.

Partly paid equity shares are treated as a fraction of an equity shares to the extent that they are entitled to participate in
dividends relative to a fully paid equity shares during the reporting period.

The weighted average number of equity shares outstanding during the period is adjusted for event such as bonus issue,
bonus elements in a right issue, share split and reverse share split (consolidation of shares) that have changed the
number of share outstanding , without a corresponding change in resources.

Diluted Earning Per share

For the purpose of calculating diluted earning per shares, 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.

xv) Lease

i) As a lessee

Leases in which a significant portion of the risk and rewards of ownership are not transferred to the company as lessee are
classified as operating leases. Payment made under the operating leases are charged to Profit & Loss on a straight-line
basis over the period of lease.

ii) As a lessor

Lease income from operating lease where the company is lessor is recognized in income on a straight-line basis over the
lease term.

Contingent rentals arising under operating leases are recognized as an income in the period in which they are accrued.
The respective leased assets are included in the Balance Sheet based on their nature.

xvi) Event Occurring after the reporting Date

Adjusting events(that provide evidence of condition that existed at the Balance Sheet date) occurring after the Balance
sheet date are recognized in the financial statements. Material non adjusting events (that are inductive of conditions that
arose subsequent to the Balance Sheet date) occurring after the Balance Sheet date that represents material changes and
commitment affecting the financial position are disclosed in the Directors Report.

xv) Recently issued accounting pronouncements

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

Cash Flow Statement:

The Cash Flow Statement is prepared by the indirect method set out in Ind AS 7 on Cash Flow Statements and presents
the cash flows from operating, investing and financing activities of the Company. Cash and Cash equivalents presented in
the Cash Flow Statement consist of cash on hand and unencumbered bank balances.

B. Nature and purpose of reserves

Retained Earnings: Retained earnings are the profits that the Company has earned till date, less any transfers to general reserve, dividends or other distributions
paid to shareholders.

Remeasurement Gains/(Losses) On Defined Benefits Plans: Differences between the interest income on plan assets and the return actually achieved, and any
changes in the liabilities over the year due to changes in actuarial assumptions or experience adjustments within the plans, are recognised in ''Other comprehensive
income'' and subsequently not reclassified to the Statement of Profit and Loss.

Amalgamation Reserve: The Company has recognised Amalgamation Reserves on amalgamation of company as per statutory requirements. This reserve is available
for capitalisation/declaration of dividend/ share buy-back.

Securities Premium : The amount received in excess of face value of the equity shares is recognised in Securities Premium. In case of equity-settled share based
payment transactions, the difference between fair value on grant date and nominal value of share is accounted as securities premium.

Capital Reserve : The Company has recognised Amalgamation Reserves on amalgamation of company as per statutory requirements. This reserve is available for
capitalisation share.

29 FINANCIAL INSTRUMENTS

A Accounting Classifications and Fair Values

i) The fair value of the assets and liabilities are included at the amount at which the instrument could be exchanged in a current transaction between
willing parties, other than in forced or liquidation sale.

ii) The following methods and assumptions were used to estimate the fair values:

a) Fair Value of cash and short-term deposits, trade and other short term receivables, trade payables, other current liabilities, short term loans from
banks and other financial instruments approximate their carrying amounts largely due to the short term maturities of these instruments.

b) Financial instruments with fixed and variable interest rates are evaluated by the company based on parameters such as interest rates and
individual credit worthiness of the counterparty. Based on this evaluation, allowances are taken to the account for the expected losses of these
receivables.

c) The management considers that the carrying amounts of financial assets and financial liabilities recognised in the standalone financial instruments
approximate their fair values.

B Fair Value Hierarchy

The fair value of financial instruments as referred to in note (A) above have been classified into three categories depending on the inputs used in the
valuation technique. The hierarchy gives the highest priority to quoted prices in active markets for identical assets or liabilities (Level 1
measurements) and lowest priority to unobservable inputs (Level 3 measurements).

The categories used are as follows:

• Level 1: Quoted prices for identical instruments in an active market;

• Level 2: Directly or indirectly observable market inputs, other than Level 1 inputs; and

• Level 3: Inputs which are not based on observable market data.

The Board of Directors of the Company, which has been identified as being the Chief Operational Decision Maker (CODM), evaluates the company''s performance. It is
also responsible to allocate the resources based on analysis of various performance indicators. The CODM reviews segmental performance based on revenue only as
such other details are not presented.

All operations of Company are in India, as such there is one single geographical segment.

Revenue from major customers

The company has earned its Interest income from 2 external customers Rs. 44.42 Lakhs and Rs. 12.58 Lakhs respectively from 2 such customers during 23-24 and
entire interst of Rs.43.49 Lakhs from one customers during 22-23 in financing activities segment.

The company has earned its rental income from 3 external customers Rs. 146.63 Lakhs, Rs. 93.54 Lakhs and Rs. 156.93 Lakhs respectively from 3 such customers
during 23-24 and Rs.50.99 Lakhs, Rs. 87.91 Lakhs and Rs. 147.96 Lakhs respectively from 3 such customers during 22-23 all being more than 10% of the company''s
revenue. The company is reliant on revenues from transactions from such external customer(s).

32 Commitments and contingencies
Capital commitments

The Company has contractually committed (net of advances) Nil and Nil as at March 31, 2024 and 2023, respectively, for purchase of property, plant and equipment.

Contingencies Nil

Guarantees and letter of comfort Nil

ii The Company have not traded or invested in crypto currency or virtual currency during the financial year.

iii The Company do not have any transactions with companies struck off.

iv The Company have not advanced or loaned or invested funds to any other person(s) or entity(is), 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

v The Company have not received any fund from any person(s) or entity(is), 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

vi The Company have granted loans and advances in the nature of loans to promoters, directors, KMP and other related parties as under:

ix Company is not required to submit statement of current assets with the bank and therefore reconcilation of the statement filed by the company with bank and the books of accounts is not
applicable.

x The fair value of investment property is based on the valuation by a registered valuer as defined under rule 2 of Companies (Registered Valuers and Valuation) Rules, 2017

xi The Company has not revalued any item of property, plant and equipment and Intangible Asset

xii The Company does not have any borrowings from banks and financial institutions .

xiii The Company does not have any transaction which is not recorded in the books of accounts that has been subsequently surrendered or disclosed as income during the year as part of the on

going tax assessments under the Income Tax Act, 1961 (such as, search or survey or any other relevant provisions of the Income Tax Act, 1961).

xiv Company has not received any grants and donations.

xv The Company has not been declared as wilful defaulter by any bank or financial institution or government or any government authority.

xvi The Company has complied with the number of layers prescribed under the Companies Act, 2013.

xvii There are no charges or satisfaction of charge yet to be registered with the Registrar of Companies beyond the Statutory Period.

xviii The Company have not entered into any scheme(s) of arrangements during the financial year.

In terms of our Audit Report Attached

For P. R. KUMAR & CO. (PREETI AGARWAL) (PRIYANKA AGARWAL)

Chartered Accountants Managing Director Whole-time Director

Firm Reg. No.: 003186N DIN: 00011450 DIN: 01989753

Address:J- 15, Hauz Address:J-15, Hauz Khas Enclave,

Khas Enclave, New Delhi-110016

New Delhi- 110016

(DEEPAK SRIVASTAVA)

Partner (JYOTI SABHARWAL) (POOJA)

M. No.: 501615 Chief Financial Officer Company Secretary and Compliance Officer

PAN: EMIPS2403B M. No.: A67011

Address: L- 22, Naveen Address: RC -3, Sarojini Nagar, New Delhi -110023

Shahdara,

East Delhi- 110032

Place : New Delhi
Date : 26th May, 2024

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Mar 31, 2014

1. Defined Benefit Plan

The employees' gratuity scheme is a defined benefit plan. The present value of obligation is determined based on actuarial valuation using the Projected Unit Credit Method. Under the PUC method a projected accrued benefit is calculated at the beginning of the period and again at the end of the period for each benefit that will accrue for all active member of the plan.

2. DISCLOSURES FOR ASSETS UNDER OPERATING LEASES

The company has given office premises on operative lease Ref Note No.8 of Fixed Assets .

3. RELATED PARTY TRANSACTIONS

As per Accounting standard 18, issued by the Institute of Chartered Accountants of India, the disclosure of transactions with the related parties as defined in accounting standard as identified by the management are given below:-

3.1 RELATIONSHIP

a) Key Management Personnel

Preeti Agarwal Managing Director

Priyanka Agarwal Whole Time Director

b) Relatives of key Management Personnel

Anand Agarwal Spouse of Key Management Personnel

Ashish Agarwal Spouse of Key Management Personnel

c) Entities over which key management personnel and their relative are able to exercise significant influence.- Associates

1. Haldiram Marketing Pvt. Ltd.

2. Haldiram Snacks Pvt. Ltd.

3. M.R. Equipment & Warehousing Pvt. Ltd.

4. Haldiram Products Pvt. Ltd.

5. Haldiram Mfg. Co. Pvt. Ltd.

6. Bright Agrotech Pvt. Ltd

7. Crest Developers Pvt. Ltd.

8. Coral Products Pvt. Ltd.

9. P.D. Tech space Pvt. Ltd.

10. HR Exploration Pvt. Ltd

11. Haldiram Trading Pvt. Ltd.

12. Haldiram Ethnic Foods Pvt. Ltd.

13. Adhunik Realators Pvt. Ltd.

14. HR Snacks Pvt. Ltd.

15. Haldiram Exports Pvt. Ltd.

16. Haldiram India Pvt. Ltd.

17. HR Lifecare Pvt. Ltd.

18. HRB Softech Pvt. Ltd.

19. Haldiram Charitable Society

20. Haldiram Educational Society

21. Haldiram Overseas Ltd.

22. Amit Aqarwal (HUF)

23. M. L. Agarwal (HUF)

24. M.S. Aqarwal (HUFI

25. Pankai Aqarwal (HUF)

26. Ashish Aqarwal (HUF)

27. Anand Aqarwal (HUF)

4. The company has made payment of Rs. 29,58,705/- as security deposit with Sahara India for maintenance of its flat in term of conveyance deed of the flat and has shown the same as advances recoverable in note no 14 to the balance sheet.

5. The company has created a reserve fund by way of transferring a sum at the rate of 20% of its net profits in accordance with the directions of the Reserve Bank of India in pursuance of the issuance of certificate of registration under section of 45 1A of the Reserve Bank of India Act 1934.

6. The company has made a provision at Rate of 0.25% of its standard Loans amounting to Rs.2,97,566/- (Previous year Rs. 1,91,506/-) as per prudential norms issued by Reserve Bank of India.

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Mar 31, 2013

1. Defined Benefit Plan

The employees' gratuity scheme is a defined benefit plan. The present value of obligation is determined based on actuarial valuation using the Projected Unit Credit Method. Under the PUC method a projected accrued benefit is calculated at the beginning of the period and again at the end of the period for each benefit that will accrue for all active member of the plan.

2. RELATED PARTY TRANSACTIONS

As per Accounting standard 18, issued by the Institute of Chartered Accountants of India, the disclosure of transactions w|th the related paries as defined in accounting standard as identified by the management are given below:-.

2.1 RELATIONSHIP

a) Key Management Personnel

Preeti Agarwal Managing Director

Priyanka Agarwal Whole Time Director

b) Relatives of key Management Personnel

Anand Agarwal Spouse of Key Management Personnel

Ashish Agarwal Spouse of Key Management Personnel

c) Entities over which key management personnel and their relative are able to exercise significant influence.- Associates

1. Haldiram Marketing Pvt. Ltd.

2. Haldiram Snacks Pvt. Ltd.

3. M.R. Equipment & Warehousing Pvt. Ltd.

4. HRB Foods Pvt. Ltd

5. Ha d ram Products Pvt. Ltd.

6. Haldiram Mfg. co. Pvt Ltd,

7. Bright Agrotech Pvt. Ltd

8. Crest Developer Pvt Ltd.

9 Coral Products Pvt. Ltd

10. Harmony Agrotech Pvt Ltd.

HR Exploration Pvt. Ltd

12. Alpine Medicare Pvt. Ltd.

13. HRB Softech Pvt. Ltd.

14. Haldiram Trading Pvt. Ltd.

15. Haldiram Ethnic Foods Pvt. Ltd

16. Adhunik Realators Pvt. Ltd.

17. HR Snacks Pvt. Ltd.

18. Haldiram Educational Society

19. Haldiram India Pvt. Ltd.

20. HR Life care Pvt. Ltd

21. Haldiram Overseas Ltd

22. Haldiram Charitable Society

23. Haldiram Exports Pvt Ltd

24. M. L. Agarwal (HUF)

25. M.S. Agarwal (HUF)

26. Pankaj Agarwal (HUF)

27. Ashish Agarwal HUF)

28. Anand Agarwal (HUF)

29. Amit Agarwal (HUF)

3. The company has made payment of Rs. 29,58,705/= as security deposit with Sahara India for maintenance of its flat in term of conveyance deed of the flat and has shown the same as advances recoverable in schedule 6 to the balance sheet.

4. The company has created a reserve fund by way of transferring a sum at the rate of 20% of its net profits in accordance with the directions of the Reserve Bank of India in pursuance of the issuance of certificate of registration under section of 45 1A of the Reserve Bank of India Act 1934.

5. The company has made a provision at Rate of 0.25% of its standard Loans amounting to Rs. 1 91 506/- (Previous year Rs. 168,285/-) as per prudential norms issued by Reserve Bank of India.

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Mar 31, 2012

1. Defined Benefit Plan

The employees' gratuity scheme is a defined benefit plan. The present value of obligation is determined based on actuarial valuation using the Projected Unit Credit Method. Under the PUC method a projected accrued benefit is calculated at the beginning of the period and again at the end of the period for each benefit that will accrue for all active member of the plan.

2. RELATED PARTY TRANSACTIONS

As per Accounting standard 18, issued by the Institute of Chartered Accountants of India, the disclosure of transactions with the related parties as defined in accounting standard as identified by the management are given below:

2.1 RELATIONSHIP

a) Key Management Personnel

Preeti Agarwal Whole Time Director

Priyanka Agarwal Whole Time Director

b) Entities over which key management personnel and their relative are able to exercise significant influence-associates

1. Haldiram Marketing Pvt. Ltd.

2. Haldiram Snacks Pvt. Ltd.

3. M.R. Equipment & Warehousing Pvt. Ltd.

4. HRB Foods Pvt. Ltd.

5. Haldiram Products Pvt. Ltd.

6. Haldiram Mfg. Co. Pvt. Ltd.

7. Bright Agrotech Pvt. Ltd

8. Crest Developers Pvt. Ltd.

9. Coral Products Pvt. Ltd.

10. Harmony Agrotech Pvt. Ltd.

11. Sharp Foods Pvt. Ltd.

12. Alpine Medicare Pvt. Ltd.

13. HRB Softech Pvt. Ltd.

14. Haldiram Trading Pvt. Ltd.

15. Haldiram Ethnic Foods Pvt. Ltd.

16. Adhunik Realators Pvt. Ltd.

17. HR Snacks Pvt. Ltd.

18. Haldiram Educational Society

19. Haldiram India Pvt. Ltd.

20. HR life care Pvt. Ltd.

21. Haldiram Overseas Ltd.

22. M. L. Agarwal (HUF)

23. M.S. Agarwal (HUF)

24. Pankaj Agarwal (HUF)

25. Ashish Agarwal (HUF)

26. Anand Agarwal (HUF)

27. Amit Agarwal (HUF)

3. The company has made payment of Rs. 29,58,705/- as security deposit with Sahara India for maintenance of its flat in term of conveyance deed of the flat and has shown the same as advances recoverable in Note 13 to the balance sheet.

4. The company has created a reserve fund by way of transferring a sum at the rate of 20% of its net profits in accordance with the directions of the Reserve Bank of India in pursuance of the issuance of certificate of registration under section of 45-1A of the Reserve Bank of India Act 1934.

5. The company has made a provision at Rate of 0.25% of its standard Loans amounting to Rs. 1,68,285/-(Previous year Rs. 1,52,700/-) as per prudential norms issued by Reserve Bank of India.