Notes to Accounts of Svaraj Trading & Agencies Ltd.

Mar 31, 2024

2B.7) Provision for liabilities and charges, Contingent liabilities and Contingent Assets

The assessments undertaken in recognising provisions and contingencies have been made in accordance with the applicable Ind AS.

Provisions represent liabilities to the Company for which the amount or timing is uncertain.

In the normal course of business, contingent liabilities may arise from litigation and other claims against the Company. Guarantees are also provided in the normal
course of business. There are certain obligations which management has concluded, based on all available facts and circumstances, are not probable of payment
or are very difficult to quantify reliably, and such obligations are treated as contingent liabilities and disclosed in the notes but are not reflected as liabilities in the
financial statements. Although there can be no assurance regarding the final outcome of the legal proceedings in which the Company involved, it is not expected
that such contingencies will have a material effect on its financial position or profitability.

Contingent assets are not recognized but disclosed in the financial statements when an inflow of economic benefits is probable.

2B.7) Earning Per Share

In arriving at the EPS, the Company’s net profit/ loss after tax before adjustment of Other comprehensive income, computed in terms of the Ind AS, is divided by
the weighted average number of equity shares outstanding on the last day of the reporting period. The EPS thus arrived at is known as ‘Basic EPS’. There are no
potential equity shares in existence during the current and previous period therefore Basic & Diluted EPS are similar.

2B.10) Balance of Trade Receivable includes Nil (Previous Year Rs. Nil) which is neither overdue nor any provision has been made in the accounts as the
Management is hopeful of recovery.

2B.11) The Company has not granted any loan or advance in the nature of loan to promoters, directors, KMP and other related parties that are repayable on
demand or without specying any terms or period of repayment.

2B.12) There are no Scheme of Arrangements approved by the Competent Authority in terms of Section 230 to 237 of the Companies Act, 2013 during the year

2B.13) There are no Scheme of Arrangements approved by the Competent Authority in terms of Section 230 to 237 of the Companies Act, 2013 during the year

2B.14) The Compant do not have any transaction which are not recorded in the books of accounts that has been surrendered or disclosed as income in the tax
assessments under the Income Tax Act, 1961 during of the years.

2B.15) The Company did not trade or invest in Crypto Currency or virtual currency during the financial year. Hence, disclosures relating to it are not applicable.

2B.16) The Company did not have any transactions with Companies struck off under section 248 of the Companies Act, 2013 or Section 560 of the Companies
Act, 1956 considering the information available with the company.

2B.17)The Company has not been sanctioned working capital limits in excess of five crore rupees, in aggregate, from banks or financial institution on the basis of
security of current assets at any point of time during the year.

B. Measurement of fair values

Valuation techniques and significant unobservable inputs

The Fair Value of the Financial Assets & Liabilities are included at the amount at which the instrument could be exchanged in a current transaction between willing parties, other than in a forced or liquidation
sale.

C. Financial Risk Management
C.i. Risk management framework

A wide range ofrisks may affect the Company’s business and operational or financial performance. The risks that could have significant influence on the Company are market risk, credit risk and liquidity risk.
The Company’s Board of Directors reviews and sets out policies for managing these risks and monitors suitable actions taken by management to minimise potential adverse effects of such risks on the
company’s operational and financial performance.

C.ii. Credit risk

Credit risk is the risk of financial loss to the Company if a customer or counterparty to a financial instrument fails to meet its contractual obligations, and arises principally from the Company’s trade and other
receivables, cash and cash equivalents and other bank balances. To manage this, the Company periodically assesses financial reliability of customers, taking into account the financial condition, current
economic trends and analysis of historical bad debts and ageing of accounts receivable. The maximum exposure to credit risk in case of all the financial instruments covered below is restricted to their
respective carrying amount.

(a) Trade and other receivables from customers

Credit risk in respect of trade and other receivables is managed through credit approvals, establishing credit limits and monitoring the creditworthiness of customers to which the Company grants credit terms
in the normal course of business.

The Company considers the probability of default upon initial recognition of asset and whether there has been a significant increase in the credit risk on an on-going basis through each reporting period. To
assess whether there is a significant increase in credit risk the Company compares the risk of default occurring on assets as at the reporting date with the risk of default as at the date of initial recognition. It
considers reasonable and supportive forwarding-looking information such as:

i) Actual or expected significant adverse changes in business

ii) Actual or expected significant changes in the operating results of the counterparty

iii) Financial or economic conditions that are expected to cause a significant change to the counterparties ability to meet its obligation

iv) Significant changes in the value of the collateral supporting the obligation or in the quality of third party guarantees or credit enhancements

Financial assets are written offwhen there is a no reasonable expectations ofrecovery, such as a debtor failing to engage in a repayment plan with the Company. When loans or receivables have been written
off, the Company continues to engage in enforcement activity to attempt to recover the receivable due, When recoverable are made, these are recognised as income in the statement of profit and loss.

The Company measures the expected credit loss of trade receivables and loan from individual customers based on historical trend, industry practices and the business environment in which the entity
operates. Loss rates are based on actual credit loss experience and past trends. Based on the historical data, loss on collection of receivable is not material hence no additional provision considered.

Financial Assets are considered to be of good quality and there is no significant increase in credit risk

(b) Cash and cash equivalents and Other Bank Balances

The Company held cash and cash equivalents and other bank balances as stated in Note No. 09. The cash and cash equivalents are held with bank with good credit ratings and financial institution
counterparties with good market standing.

C.iii. Liquidity risk

Liquidity risk is the risk that the Company will encounter difficulty in meeting the obligations associated with its financial liabilities that are settled by delivering cash or another financial asset.

Liquidity risk is managed by Company through effective fund management ofthe Company’s short, medium and long-term funding and liquidity management requirements. The Company manages liquidity risk
by maintaining adequate reserves, banking facilities and other borrowing facilities, by continuously monitoring forecast and actual cash flows, and by matching the maturity profiles of financial assets and
liabilities.

The following are the remaining contractual maturities of financial liabilities at the reporting date. The amounts are gross and undiscounted.

C.iv. Market risk

Market Risk is the risk that the fair value or future cash flows of a financial instrument will fluctuate because of changes in market prices. Market risk comprises three types of risk: currency risk, interest rate
risk and other price risk.

C.iv.a Currency risk

The Company is not exposed to any currency risk on account of its operating and financing activities. The functional currency ofthe Company is Indian Rupee. Our exposure are mainly denominated in INR''s
Only. The Company’s business model incorporates assumptions on currency risks and ensures any exposure is covered through the normal business operations. This intent has been achieved in all years
presented. The Company has put in place a Financial Risk Management Policy to Identify the most effective and efficient ways of managing the currency risks.

C.iv.b Interest rate risk

Interest rate risk is the risk that the fair value or future cash flows of a financial instrument will fluctuate because of changes in market interest rates. The Company is exposed to interest rate risk through the
impact of rate changes on interest-bearing liabilities and assets. The Company manages its interest rate risk by monitoring the movements in the market interest rates closely.

As per our report of even date

FOR R SONI & COMPANY For and on behalf of the Board of Directors of Svaraj Trading and Agencies Limited

Chartered Accountants

FRN: 130349W Sd/- Sd/-

Harendra Gupta Shankar Das Vairagi

Sd/- Managing Director Director

Rajesh Soni DIN: 05335662 DIN: 01869965

Partner

M.No. : 133240 Sd/- Sd/-

UDIN: 24133240BKAVGI9944 Rajesh Jivanlal Purohit Poonam Tewani

Place: MUMBAI Chief Financial Officer Company Secretary

Date: 30th May, 2024_PAN : AHFPP2116A_M.No.: A51510

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Mar 31, 2018

Note 1: Financial instruments - Fair values and risk management

A. Accounting classification and fair values

The following table shows the carrying amounts and fair values of financial assets and financial liabilities, including their levels in the fair value hierarchy. It does not include fair value information for financial assets and financial liabilities not measured at fair value if the carrying amount is a reasonable approximation of fair value.

B. Measurement of fair values

Valuation techniques and significant unobservable inputs

The Fair Value of the Financial Assets & Liabilities are included at the amount at which the instrument could be exchanged in a current transaction between willing parties, other than in a forced or liquidation sale.

C. Financial Risk Management

C.i. Risk management framework

A wide range of risks may affect the Company’s business and operational or financial performance. The risks that could have significant influence on the Company are market risk, credit risk and liquidity risk. The Company’s Board of Directors reviews and sets out policies for managing these risks and monitors suitable actions taken by management to minimise potential adverse effects of such risks on the company’s operational and financial performance.

C.ii. Credit risk

Credit risk is the risk of financial loss to the Company if a customer or counterparty to a financial instrument fails to meet its contractual obligations, and arises principally from the Company’s trade and other receivables, cash and cash equivalents and other bank balances. To manage this, the Company periodically assesses financial reliability of customers, taking into account the financial condition, current economic trends and analysis of historical bad debts and ageing of accounts receivable. The maximum exposure to credit risk in case of all the financial instruments covered below is restricted to their respective carrying amount.

(a) Trade and other receivables from customers

Credit risk in respect of trade and other receivables is managed through credit approvals, establishing credit limits and monitoring the creditworthiness of customers to which the Company grants credit terms in the normal course of business.

The Company considers the probability of default upon initial recognition of asset and whether there has been a significant increase in the credit risk on an ongoing basis through each reporting period. To assess whether there is a significant increase in credit risk the Company compares the risk of default occurring on assets as at the reporting date with the risk of default as at the date of initial recognition. It considers reasonable and supportive forwarding-looking information such as:

i) Actual or expected significant adverse changes in business

ii) Actual or expected significant changes in the operating results of the counterparty

iii) Financial or economic conditions that are expected to cause a significant change to the counterparties ability to meet its obligation

iv) Significant changes in the value of the collateral supporting the obligation or in the quality of third party guarantees or credit enhancements

Financial assets are written off when there is a no reasonable expectations of recovery, such as a debtor failing to engage in a repayment plan with the Company. When loans or receivables have been written off, the Company continues to engage in enforcement activity to attempt to recover the receivable due, When recoverable are made, these are recognised as income in the statement of profit and loss.

The Company measures the expected credit loss of trade receivables and loan from individual customers based on historical trend, industry practices and the business environment in which the entity operates. Loss rates are based on actual credit loss experience and past trends. Based on the historical data, loss on collection of receivable is not material hence no additional provision considered.

Financial Assets are considered to be of good quality and there is no significant increase in credit risk

(b) Cash and cash equivalents and Other Bank Balances

The Company held cash and cash equivalents and other bank balances as stated in Note No. 06. The cash and cash equivalents are held with bank with good credit ratings and financial institution counterparties with good market standing.

C.iii. Liquidity risk

Liquidity risk is the risk that the Company will encounter difficulty in meeting the obligations associated with its financial liabilities that are settled by delivering cash or another financial asset.

Liquidity risk is managed by Company through effective fund management of the Company’s short, medium and long-term funding and liquidity management requirements. The Company manages liquidity risk by maintaining adequate reserves, banking facilities and other borrowing facilities, by continuously monitoring forecast and actual cash flows, and by matching the maturity profiles of financial assets and liabilities.

C.iv. Market risk

Market Risk is the risk that the fair value or future cash flows of a financial instrument will fluctuate because of changes in market prices. Market risk comprises three types of risk: currency risk, interest rate risk and other price risk.

C.iv.a Currency risk

The Company is not exposed to any currency risk on account of its operating and financing activities. The functional currency of the Company is Indian Rupee. Our exposure are mainly denominated in INR’s Only. The Company’s business model incorporates assumptions on currency risks and ensures any exposure is covered through the normal business operations. This intent has been achieved in all years presented. The Company has put in place a Financial Risk Management Policy to Identify the most effective and efficient ways of managing the currency risks.

C.iv.b Interest rate risk

Interest rate risk is the risk that the fair value or future cash flows of a financial instrument will fluctuate because of changes in market interest rates. The Company is exposed to interest rate risk through the impact of rate changes on interest-bearing liabilities and assets. The Company manages its interest rate risk by monitoring the movements in the market interest rates closely.

Note No 2.1: Terms/rights attached to equity shares

(A) The company has only one class of equity shares having a par value of Re. 10 per share. Each holder of equity shares is entitled to one vote per share.

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

Note No 2.2: Aggregate number of bonus shares issued and sub-division of shares during the period of five years immediately preceding the reporting date :

No Bonus Shares Issued and Sub-Division of shares during the period of five years.

Note No 2.3: The details of shareholders holding more than 5% shares in the company :

3 Balance of Trade Receivable includes Rs. 7,58,40,566 (Previous Year Rs. 7,58,40,566) which are overdue for which no provision has been made in the accounts as the Management is hopeful of recovery.

4 Balances of Trade Receivables, Trade Payables and Loans and Advances are subject to confirmation and consequential adjustment, if any.

5 Company Overview

The Company (“Svaraj Trading and Agencies Limited”, “Svaraj”) is an existing public limited company incorporated on 07th March 1980 under the provisions of the Indian Companies Act, 1956 and deemed to exist within the purview of the Companies Act, 2013, having its registered office at office No. 30, 2nd floor 380/82 Amruteshwar CHSL Jagannath Sunkersett Road MUMBAI Mumbai City MH 400002. The Company offers a diverse range of products and services including company is in to Trading and Agencies Business and Allied Activities business. The equity shares of the Company are listed on BSE Limited (“BSE”). The financial statements are presented in Indian Rupee (0).

6 FIRST TIME ADOPTION OF IND AS

The Company has adopted Ind AS with effect from 1st April 2017 with comparatives being restated. Accordingly the impact of transition has been provided in the Opening Reserves as at 1st April 2016. The figures for the previous period have been restated, regrouped and reclassified wherever required to comply with the requirement of Ind AS and Schedule III.

Explanation 1 - Exemptions and exceptions availed

Set out below are the applicable Ind AS 101 optional exemptions and mandatory exceptions applied in the transition from previous GAAP to Ind AS.

(I) Ind AS Optional exemptions

Deemed Cost - Property, Plant and Equipment and Intangible Assets Ind AS 101 permits a first-time adopter to elect to continue with the carrying value for all of its property, plant and equipment as recognised in the financial statements as at the date of transition to Ind AS, measured as per the previous GAAP and use that as its deemed cost as at the date of transition after making necessary adjustments for de-commissioning liabilities. This exemption can also be used for intangible assets covered by Ind AS 38 Intangible Assets. Accordingly, the Company has elected to measure all of its property, plant and equipment and intangible assets at their previous GAAP carrying values.

(II) Ind AS mandatory exemptions

(i) Estimates

An entity’s estimates in accordance with Ind AS’ at the date of transition to Ind AS shall be consistant with the estimates made for the same date in accordance with the previous GAAP (after adjustments to reflect any difference in accounting policies) unless there is an objective evidence that those estimates were in error.

(ii) Classification and measurement of financial assets (other than equity instruments)

Ind AS 101 requires an entity to assess classification and measurement of financial assets on the basis of the facts and circumstances that exists at the date of transition to Ind AS.

(iii) De-recognition of financial assets and financial liabilities

Ind AS 101 requires a first time adopter to apply the de-recognition provisions for Ind AS 109 prospectively for transactions occurring on or after the date of transition to Ind AS. However, Ind AS 101 allows first time adopter to apply the derecognition requirements provided that the information needed to apply Ind AS 109 to financial assets and financial liabilities derecognised as a result of past Ind AS 101 retrospectively from the date of entity’s choosing, transactions was obtained at the time of initially accounting for the transactions.

7 The previous year figures have been regrouped/reclassified, wherever necessary to conform to the current presentation as per the schedule III of Companies Act, 2013.

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Mar 31, 2016

1. Other notes-

a) There is no impairment of assets as per AS 28 issued by ICAI.

b) There are no due to Small/Micro undertaking.

c) Contingent Liabilities: - NIL

d) In the opinion of the Board, the Current Assets, Loans and Advances have a value on realization in the ordinary course of business at least equal to the amount which they are stated in the Balance Sheet and provision for all known and determined liabilities is adequate and not in Excess of amount reasonably required. Further balances are subject to confirmation.

e) Previous year figures have been regrouped, reclassified and recast wherever considered necessary.

f) Figures have been rounded off to nearest rupee.

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Mar 31, 2015

1. Related Party Transactions

In accordance with the Accounting Standard 18 on "Related Party Disclosures" issued by the Institute of Chartered Accountants of India, the transactions with the related parties of the Company are disclosed below:

2. Auditors remuneration paid / payable during the year financial year is as under:

3. Other notes –

a) There is no impairment of assets as per AS 28 issued by ICAI.

b) There are no due to Small/Micro undertaking.

c) Contingent Liabilities: - NIL

d) In the opinion of the Board, the Current Assets, Loans and Advances have a value on realization in the ordinary course of business at least equal to the amount which they are stated in the Balance Sheet and provision for all known and determined liabilities is adequate and not in Excess of amount reasonably required. Further balances are subject to confirmation.

e) Previous year figures have been regrouped, reclassified and recast wherever considered necessary.

f) Figures have been rounded off to nearest rupee.

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Mar 31, 2012

1) Other Accounting Policies are consistent with generally accepted account practices.

2 a) The Hon'ble High Court of judicature at Bombay has vide its order dated 27th April, 2012 approved the scheme of amalgamation of Kamala Udyoga Ltd (KUL), wholly owned subsidiary which was primarily engaged in the business of trading and investment business activities , with the Company. The said scheme is operative from the appointed date ie. 1st April, 2011. The effective date of the scheme is 14,n May, 2012 i.e. the date of filing certified copies of the order of High Court of Judicature at Bombay with the Registrar of Companies, Maharashtra at Mumbai.The effect of t h e said scheme has been given in the books of accounts for the year ended 31st March, 2012.

Up on the scheme becom in geffective w.e.f.14th May, 2012, the 4,00,000 cunclassifiedSharesofthefacevalueof Rs. 10/- each stands reclassified and re-organized into equity shares. Further the Authorised Share Capital of KUL of Rs. 1,00,00,000/- comprising of 10,00,000 Equity Shares of Rs. 10/- each stand transferred and credited to Authorised Share Capital of the Company . Accordingly the Authorised shares capital of the company is increased from Rs. 50,00,000/- comprising of 5,00,000 Equity Shares of Rs. 10/- each to Rs. 1,50,00,000/- comprising of 15,00,000 Equity shares of Rs. 10/- each.

a) In accordance with the scheme of Amalgamation, the transferor company ie. KUL is a wholly owned subsidiary of the Company, thus no new shares are issued by the company.

b) In accordance with the accounting treatment specified in the scheme, the assets and liabilities of KUL have been vested in the company with effect from the appointed date i.e. 1sty April, 2011 and have been recorded at their respective fair value as on the appointed date.

c) In consideration of the transfer to and vesting of the 'Assets and Liabilities' of KUL in the Company, all the Equity shares of KUL owned/ held by the Company stands cancelled and no further consideration shall be payable by the company.

d) In accordance with accounting treatment specified in the scheme the assets and liabilities of KUL have been vested in the Company w.e.f from the appointed date i.e. 1s'April, 2011 and have been recorded at their respective fair value as on appointed date and the excess of the fair value of the assets of the KUL over fair value of liabilities have been credite to Capital Reserve.

e) In view of amalgamation of Kamala Udyoga Ltd (KUL) with the Company with effect from 1st April, 2011, the figure of current year are not comparable with the previous year's figures. Figures of the previous year have been re-grouped, re-classified and re- arranged wherever necessary.

3. Contingent Liabilities not provided for in respect of partly paid shares Rs.3,00,000/- Previous Year Rs.3,00,000/-)

4. In the opinion of the Board, the Current Assets, Loans, and advances are approximately of the value stated in the Balance Sheets if realised in ordinary courses of the business and the provision of all known liabilities is made and is adequate and is not in excess of the amount reasonable considered necessary.

5. In the opinion of the Board, the Current Assets, Loans, and advances are approximately of the value stated in the Balance Sheets if realised in ordinary courses of the business and the provision of all known liabilities is made and is adequate and is not in excess of the amount reasonable considered necessary.

6. Some of the balances of sundry debtors, sundry creditors, deposits, loans and advances and unsecured loan are subject to confirmation and adjustments necessary upon reconciliation, if any consequential impact thereof on the financial statement is not ascertainable.

7. Other additional information pursuant of the provisions of paragraph 3, 4C and 4D of part II of schedule VI of Companies Act, 1956 are not applicable to the company.

8. Previous year figures are regrouped, reclassified and recasted whenever necessary.

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Mar 31, 2010

1. Contingent Liabilities not provided for in respect of partly paid shares Rs.3,00,000/- Previous Year Rs.3,00,000/-)

2. In the opinion of the Board, the Current Assets, Loans, and advances are approximately of the value stated in the Balance Sheets if realised in ordinary courses of the business and the provision of all known liabilities is made and is adequate and is not in excess of the amount reasonable considered necessary.

3. Some of the balances of sundry debtors, sundry creditors, deposits, loans and advances and unsecured loan are subject to confirmation and adjustments necessary upon reconciliation, if any consequential impact thereof on the financial statement is not ascertainable.

4. Related Party Disclosure

Disclosure requirement as per Accounting Standard 18(AS-18) "Related Party Discloures" issued by the institute of Chartered Accountants of India .

List of Related Parties:

a) Key Management Personnel

1. Mr. Rajendra Somani

2. Mr. V. N. Khanna

3. Mr. Adarsh Somani

Note: Related Party Relationships have been identified by the Management and relied upon by the Auditors

5 In view of time limitations on carry forward of losses and as a matter of prudence Deferred Tax Assets arising on account of brought forward losses and unabsorbed Depreciation under tax laws has not been recognised.

6 The accounts are prepared on a going concern basis inspite of accumulated losses exceeding the paid up share capital and reserve & surplus.

7 Other additional information pursuant of the provisions of paragraph 3, 4C and 4D of part II of schedule VI of Companies Act, 1956 are not applicable to the company.

8 Previous years figures are regrouped, reclassified and recasted whenever necessary.