Notes to Accounts of Unjha Formulations Ltd.

Mar 31, 2025

1.12Provlslon$, Contingent liabilities and contingent assets

a) Provisions

Provisions are recognized only when there is a present obligation as a result of past events and it is probable that an
outflow of resources will be required to settle the obligation in respect of which a reliable estimate can be made

b) Contingent liability

It is disclosed for:

a. Possible obligations which will be confirmed only by future events not wholly within the control of the company.or

b. Present obligations arising from past events where it is not probable that an outflow of resources will be required
to settle the obligation or a reliable estimate of the amount of the obligation cannot be made.

c) Contingent Assets

A contingent asset is a possible asset that arises from past events and whose existence 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. Contingent assets are notognised and disclosed only when an in t low of economic benefits Is probable.

1.13Foreign currency transactions and translations

Transactions in foreign currencies entered into by the Company are accounted for at the exchange rate prevailing at
the date of transaction, Foreign currency monetary assets and liabilities remaining unsettled at the end of the year
are translated at the exchange rate prevailing at the end of the year All differences arising on
settlement/restatement are adjusted in the statement of profit and loss.

23 Segmentreporting

Operating segments are defined as components of an enterprise for which discrete financial information is
available that is evaluated regularly by the chief operating decision maker (CODM), in deciding how to allocate
resoufcesandassessingperformanceTheCompany''schlefoperatlngdeclsIonmakeristhemariagingdirector and the
company has only one reportable business segment.

24 Employeebenefitplans

The Company makes contributions towards provident fund, a defined contribution retirement benefit plan for
qualifying employees. The provident fund Is operated hy the Regional Provident Fund Commissioner. TheCompany
recognized Rs. 1.46 lakhs (Previous Year Rs. 1.56 lakhs) for provident fund contributions in theStatement ofProfit
and Loss. The contributions payable to these plansby thecornpany areat ratesspecifiedin the rules of the scheme.

Fair value hierarchy

Financial assets and financial liabilities measured at fair value In the statement of financial position are grouped
into three levels of a fair value hierarchy The three levels are defined based on the observability of significant
inputs to the measurement, as follows:

Lovell:Quoted prices (unadjusted) inactive markets for financial instruments.

Level 2: The fair value of financial instruments that are not traded in an active market is determined usmgvaluation
techniques which maximise the use of observable market data relyas little as possible one ntity specific estimates.

Level 3: if one or more of the significant Inputs is not based on observable market data, the instrument is included
in level 3.

79Capit.il management

The company''s objectives when managing capita! is to safeguard continuity, maintain a strong credit rating and
healthy capital ratios in order to support its business and provide adequate return to shareholders through
continuing growth and maximise the shareholder''s value. The company''s overall strategy remains unchanged from
previous year. The following table summaries the capital of the company

BO Contingent liabilities and capital commitment

For F.Y 2011-12 and 2010-11, Direct Tax Authorities (Tax Deducted at Source Department} has raised the demandof
Rs. 680 and Rs. 200 respectively, though we have not yet decided whether appeal to be filed or not

31Micro small & medium enterprises

Information required to be furnished as per section 22 of the micro, small and medium enterprises development
act. 2006 (MSME Act) and Schedule II of the Companies Act, 2013 for the year ended March 31, 2024 This
information has been determined to the extent such parties have been indentified on the basis of information
available with the company and relied upon by auditors

for lorn & Golechha for and onbehalf of board of director)

Chartered Accountant) Uojha formulation) United

FRN:MM37W

Vadt H. Gotechha Krutiben M. Patel Uha M. Patel Gaopat Prajapati M*ar P. Hay

Partner Managiiy Director txecutire (Xrector CIO Company Secretary

M.no:607597 0IN:01B6W27 DIN: 101002 J6 ACSNO.S7520

UDiN.2S607S97BMNQ2E3141

Oato.16.05.2025 0ate:16M.M25

Place-AHmedabed ptacc:Siddhpur

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Mar 31, 2024

1.12 Provisions, Contingent liabilities and contingent assets

a) Provisions

Provisions are ificognited only when there is u present obligation as a result of past events and It is probable ttist
an outflow of resources will be required to settle the obligation In respect of which a reliable estimate can be
made.

b) Contingent liability

It is disclosed for;

a Possible obligations which will be confirmed only by future events not wholly within the control of the company,
or

b. Present obligations arising from past events where it is nor probable that an out flow of resources will be
Required to settle the obligation or are liable estimate of the amount of the obligation can not be made

c) Contingent Assets

A contingent asset is a possioie asset that arises from past events and whose existence will be confirmed only by
the occurrence or non-occurrence of one or more uncertain future events no: wholly within the control of the
Company. Contingent assets are not recognised and disclosed only when an Inflow of economic benefits Is
probable.

1.13 Foreign currency transactions and translations

Transactions in foreign currencies entered into by the Company are accounted for at the exchange rate prevailing
at the date of transaction Foreign currency monetary assets and liabilities remaining unsettled at the end of the
year are translated at The exchange rate prevailing at the end of the year All differences arising on settlement /
restatement are adjusted in the statement of profit and loss

22 Segment reporting

Operating segments are defined ar. components of an enterprise for which discrete financial information is
available that Is evaluated regularly by the chief operating decision maker (CODM), in deciding how to allocate
resources and assessing performance The Company''s chief operating decision maker is the managing direct or
and the company has only one reportable business segment

23 Employee benefit plans

The Company rnakescontributions towards provident fund, a defined contribution retirement benefit plan for
qualifying employees The provident fund Is operated by the Regional Provident Fund Commissioner The
Company recognized Rs.1.56 lakhs{ Previous VearRs. 1.81 lakhs) for provident fund contributions in the
Statement of Profit and Loss The contributions payable to these plans by the company are at rates specified in
the rules of the scheme.

Fair value hierarchy

Financial assets and financial liabilities measured ot fall value in the statement of Financial position are grouped
into three levels of a fair value hierarchy The three levels are defined based on the observability of significant
inputs to the measurement, as follows:

levell: Quoted prices {unadjusted) Inactive markets for In ancial instruments,

Level 2: The fair value of financial instruments that are not traded in an active market is determined using
valuation

Techniques which maximize the use of observable market data rely as little as possible one ntity specifices
timates.

Level 3:lf one or more of the significant inputs is not based on observable market data, the instrument
Isincludedink*vcl3.

28 Capital management

The company'';, objectives when managing capital Is to safeguard continuity, maintain a strong credit fating and
healthy capitalratio* in order to support its husmess and provide adequate return to shareholders through
continuing growth and maximise the shareholder’s value The company''s overall strategy remains unchanged
from previous year The following table summarizes the capital of tho company

29 Contingent liabilities and capital commitment

The company 15 not having any contingent liabilities or capital commliments

30 Micro small & medium enterprises

Information required to be furnished as per section 22 of the micro, small and mediurrenterprises development
act, 2006 (MSME Act) and Schedule II ol the Companies Act. 2013 for the year ended March 31. 2024. This
information has been determined to the extent such parties have been mdentified on the basis of Information
available with the company and relied upon by auditors

For Jain & Golechha For and gnbetalt of board of diroctori

Chartered Accountant! Unjhd FormnUtlom limited

FHM1196J7W

Vavh K. Golechha K/utibcrv M. Patel Eiha M. fa lei Ganpot Prajapati i>*«r P.ftay

Partner Wanajjinc Director Director CFO Company Secretary

M.no:607S97 DIN.C1B6M27 DIN10100H6 ACiKo.S7S20

UWN:I4W7597BKFTKZ8SJ7

Date 17.0S.J024 0re:175j.2(W4

ftite:Af>riifd»fcjd Ptatc''.MdbWf

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Mar 31, 2015

AS AT AS AT 31/03/2015 31/03/2014

1) Contingent Liabilities - -

2) Managerial Remuneration NIL NIL

3) Expenditure in Foreign Currency Rs.8,61,892 Rs.13,54,117

4) Earning in foreign currency US$ 3,65,573 US$ 3,02,573

5) RELATED PARTY TRANSACTIONS:

Enterprises over which key management personnel and their relatives are able to exercise significant influence

Urvesh Psyllium Industries Ltd Dipak Industries

Key management personnel

Mr. Mayankkumar Shambhubhai Patel Mrs. Krutiben Mayankkumar Patel

1. Enterprises over which key management personnel and their relatives are able to exercise significant influence

2. Key management personnel

6) The Company has commenced commercial production at its own from 01/12/1994.Accordingly expenditure incurred during the pre operative period(as per schedule No.8)has been shown in balance sheet.

7) In view of carried forward loss admissible under the I.T.Act,1961,provision from income tax has not been made for the year.

8) In the opinion of the management current assets, loans and advances are approximately of the value states if realized in the ordinary course of business.

9) Debit & Credit balances are subject to confirmation additional information pursuant to provisions of part 2 of schedule VI of the Companies Act,1956.(Including information relating to preoperative period).

10) No separate account is kept for central excise recovered, it ultimately included in sale.

11) Additional information pursuant to provisions of part II of schedules VI to the Companies Act 1956.

12) Import licence premium received Rs. 6,10,464/-

13) The figures of the previous year have been regrouped/ rearranged wherever necessary to confirm to the current year classification.

14) Bank Balances are subject to re-conciliation.

15) As there is Carried Forwarded Losses and unabsorbed Depreciation, There is no Certainty of liabilities of deferred taxation.

We have not made provision for deferred taxation during the year.

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Mar 31, 2014

ASAT ASAT 31/03/2014 31/03/2013

1) Contingent Liabilities NIL NIL

2) Managerial Remuneration Rs.13,54,117 Rs.13,72,049

3) Expenditure in Foreign Currency NIL NIL

4) Earning in foreign currency US$3,02,573 US$39,240

5) The Company has commenced commercial production at its own from 01/12/1994.Accordingly .expenditure incurred during the pre operative period(as per schedule No.8)has been shown in balance sheet.

6) In view of carried forward loss admissible under the I.T.Act,1961 provision from income tax has not been made for the year.

7) In the opinion of the management current assets, loans and advances are approximately of the value states if realized in the ordinary course of business.

8) Debit & Credit balances are subject to confirmation additional information pursuant to provisions of part 2 of schedule VI of the Companies Act, 1956.(Including information relating to preoperative period).

9) No separate account is kept for central excise recovered, it ultimately included in sale.

10) Additional information pursuant to provisions of part II of schedules VI to the Companies Act 1956.

11) Import licence premium received Rs. 2,00,389/-

11) The figures of the previous year have been regrouped/ rearranged wherever necessary to confirm to the current year classification.

12) Bank Balances are subject to re-conciliation.

13) As there is Carried Forwarded Losses and unabsorbed Depreciation, There is no Certainty of liabilities of deferred taxation. We have not made provision for deferred taxation during the year.

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Mar 31, 2013

1)The Company has commenced commercial production at its own from 01/12/1994.Accordingly .expenditure incurred during the pre operative period(as perschedule No.8)has been shown in balance sheet.

2)lnview of carried forward loss admissible under the I.T.Act,1961,provision from income tax has not been made for the year.

3)lntheopinion of the management current assets, loans and advances are approximately of the valuestates if realizedinthe ordinary course of business.

4) Debit & Credit balances are subject to confirmation additional information pursuant to provisions of part 2 of schedule VI of the Companies Act,1956.(lncluding information relating to preoperative period).

5) No separate account is kept for central excise recovered, it ultimately included in sale. 11)Additional information pursuantto provisions of part 11 of schedules VI to the Companies Act1956.

6) Import licence premium received Rs. NIL

7) The figures of the previous year have been regrouped/ rearranged wherever necessary to confirm to the currentyear classification.

8) Bank Balances are subjectto re-conciliation.

9) As there is Carried Forwarded Losses and unabsorbed Depreciation, There is no Certainty of liabilities of deferred taxation. We have not made provision for deferred taxation during the year.

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Mar 31, 2012

AS AT AS AT 31/03/2012 31/03/2011

1) Contingent Liabilities NIL NIL

2) Managerial Remuneration Rs. 7,80,000 Rs. 7,96,000

3) Expenditure in Foreign Currency NIL NIL

4) Earning in foreign currency US$1,08,682 US$78,854

5)The Company has commenced commercial production at its own from 01/12/1994 Accordingly .expenditure incurred during the pre operate period(as per schedule No.8)has been shown in balance sheet.

6) In view of carried forward loss admissible under the IT Act, 1961 provision from income tax has not been made for the year.

7) In the opinion of the management current assets, loans and advances are approximately of the value states if realized in the ordinary course t business.

8) Debit & Credit balances are subject to confirmation additional information pursuant to provisions of part 2 of schedule VI of the Companies Act, 1956.(Including information relating to preoperative period).

9) No separate account is kept for central excise recovered, it ultimately included in sale

10) Additional information pursuant to provisions of part II of schedules VI to the Companies Act 1956.

11) import licence premium received Rs.12,820/-

12) The figures of the previous year have been regrouped/ rearranged wherever necessary to confirm to the current year classification.

13) Bank Balances are subject to re-conciliation.

14) As there is Carried Forwarded Losses and unabsorbed Depreciation. There is no Certainty of liabilities of deferred taxation. We have not made provision for deferred taxation during the year.

15. MANUFACTURING ACTIVITIES

A) Material consumed in production is 100% indigenious

REGISTRATION DETAILS

Registration No. 22932

State Code 04

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Mar 31, 2010

Year Ended

31-03-2010

1) Contigent Liabilities NIL

2) Managerial Remuneration Rs.2.47.000



3) Expenditure in foreign currency NIL

4) Earning in foreign currency US$1,49,691.75

5) The company has commenced commercial production and at its own from 01 /12/1994.Accordingly.expenditure incurred during the preoperative period (as per schedule No .6) has been shown in balance sheet.

6) In veiw of carried forward loss admissible under The Income- Tax Act. 1961 provision from income tax has not been made for the year.

7) In the opinion of the management Current Assets, Loans and Advances are approximately of the value states if realised in the ordinary course of business.

8) Debit & Credit balances are subject to confirmation Additional informa- tion pursuant to provisions of Part 2 of Schedule VI of The Companies Act 1956.(Including information relating to preoperative period).

9) No separate account is kept for Central Excise recovered.it ultimately included in sale.

10) Additional information pursuant to provisions of Part 2 of Schedule VI to The Companies 1956.

11) Import Licence Premium received Rs®80,468.98.

12) The figures of previous period have been re-grouped/re-arranged whenever necessary to confirm to the current year classification.

13) As there is carriea forwardea losses ana unabsorbea depreciation, there is ni certainitu of liabilities of deferrea taxation. We have not made provision for deferrea taxation during the year.