Notes to Accounts of Wim Plast Ltd.

Mar 31, 2025

(i) Provisions for warranty and other provisions:

Provision is estimated for expected warranty claim in respect of products sold during the year based on past experience regarding
defective claim of products and cost of rectification or replacement. It is expected that most of this cost will be incurred over the next 12
months in line with the warranty terms.

Other provisions are provisions in respect of probable claims, the outflow of which would depend on the cessation of the respective
events.

(j) Contingent Liabilities and Commitments

Disclosure of contingent liability is made 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 embodying economic
benefits will be required to settle or a reliable estimate of amount cannot be made.

(k) Employee Benefits Expense

Employee benefits include bonus, compensated absences, provident fund, employee state insurance scheme and gratuity fund.

i) Short Term Employee Benefits

The undiscounted amount of short term employee benefits expected to be paid in exchange for the services rendered by employees
are recognised as an expense during the period when the employees render the services.

ii) Post-Employment Benefits

1) Defined Contribution Plans

A defined contribution plan is a post-employment benefit plan under which the Company pays specified contributions to
a separate entity. The Company makes specified monthly contributions towards Provident Fund, Superannuation Fund,
Employees’ State Insurance Corporation and Pension Scheme. The Company’s contribution is recognised as an expense in the
Statement of Profit and Loss during the period in which the employee renders the related service.

2) Defined Benefit Plans

The Company pays gratuity to the employees who have completed five years of service at the time of resignation/superannuation.
The gratuity is paid @15 days basic salary for every completed year of service as per the Payment of Gratuity Act, 1972.
The gratuity liability amount is contributed to the approved gratuity fund formed exclusively for gratuity payment to the
employees. The gratuity fund has been approved by respective Income Tax authorities. The liability in respect of gratuity and
other post-employment benefits is calculated using the Projected Unit Credit Method and spread over the period during which
the benefit is expected to be derived from employees’ services. Remeasurement gains and losses arising from adjustments and
changes in actuarial assumptions are recognised in the period in which they occur in Other Comprehensive Income.

iii) Other Employee Benefits Compensated Absences

Accumulated compensated absences, which are expected to be availed or encashed within 12 months from the end of the year end
are treated as short term employee benefits. The obligation towards the same is measured at the expected cost of accumulating
compensated absences as the additional amount expected to be paid as a result of the unused entitlement as at the year end.

(l) Tax Expenses

The tax expense for the period comprises current and deferred tax. Tax is recognised in Statement of Profit and Loss, except to the extent
that it relates to items recognised in the Other Comprehensive Income . In which case , tax is also recognized in Other Comprehensive
Income.

• Current tax :

Current tax assets and liabilities are measured at the amount expected to be recovered from or paid to the taxation authorities, based
on tax rates and laws that are enacted at the Balance Sheet date.

• Deferred tax :

Deferred tax is recognised on temporary differences between the carrying amounts of assets and liabilities in the Financial
Statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax assets are recognised to the
extent it is probable that taxable profit will be available against which the deductible temporary differences, and the carry forward
of unused tax losses can be utilised. Deferred tax liabilities and assets are measured at the tax rates that are expected to apply in the
period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively
enacted by the end of the reporting period. The carrying amount of Deferred tax liabilities and assets are reviewed at the end of each
reporting period.

(m) Foreign Currencies Transactions and Translation

Transactions in foreign currencies are recorded at the exchange rates prevailing on the date of transaction. Monetary assets and liabilities
denominated in foreign currencies are translated at the functional currency closing rates of exchange at the reporting date.

Exchange differences arising on settlement or translation of monetary items are recognised in Statement of Profit and Loss and costs that
are directly attributable to the acquisition assets, are capitalized as cost of assets.

Non-monetary items that are measured in terms of historical cost in a foreign currency are recorded using the exchange rates at the date
of the transaction. Exchange differences arising out of these transactions are charged to the Statement of Profit and Loss.

In case of an asset, expense or income where a non-monetary advance is paid/received, the date of transaction is the date on which the
advance was initially recognised. If there were multiple payments or receipts in advance, multiple dates of transactions are determined
for each payment or receipt of advance consideration.

(n) Revenue Recognnition.

The Company derives revenues from sale of manufactured goods, traded goods and related services.

Revenue from contracts with customers is recognised when control of the goods or services are transferred to the customer at an amount
that reflects the consideration entitled in exchange for those goods or services. The Company is generally the principal as it typically
controls the goods or services before transferring them to the customer. Generally, control is transferred upon shipment of goods to the
customer or when the goods is made available to the customer, provided transfer of title to the customer occurs and the Company has not
retained any significant risks of ownership or future obligations with respect to the goods shipped.

Revenue is measured at the amount of consideration which the Company expects to be entitled to in exchange for transferring distinct
goods or services to a customer as specified in the contract, excluding amounts collected on behalf of third parties (for example taxes and
duties collected on behalf of the government).

Sale of goods: Revenues are recognized at a point in time when control of the goods passes to the buyer, usually upon either at the time
of dispatch or delivery. In case of export sale, it is usually recognised based on the shipped-on board date as per bill of lading. Revenue
from sale of goods is net of taxes and recovery of charges collected from customers like transport, packing etc.

Revenue from Services

Revenue from rendering of services is recognised over time by measuring the progress towards complete satisfaction of performance
obligations at the reporting period.

Other Income
Interest income:

Interest income is recognized on a time proportionate basis taking into account the amounts invested and the rate of interest. For all
financial instruments measured at amortised cost, interest income is recorded using the Effective interest rate method to the net carrying
amount of the financial assets.

Dividend Income:

Dividend Income is recognised when the Company’s right to receive the amount has been established.

(o) Financial instruments

A financial instrument is any contract that gives rise to a financial asset of one entity and a financial liability or equity instrument of
another entity.

Financial instruments also cover contracts to buy or sell a non-financial item that can be settled net in cash or another financial instrument,
or by exchanging financial instruments, as if the contracts were financial instruments, with the exception of contracts that were entered
into and continue to be held for the purpose of the receipt or delivery of a non-financial item in accordance with the entity’s expected
purchase, sale or usage requirements.

(i) Financial Assets

i) Initial Recognition and Measurement

All financial assets are initially recognised at fair value. Transaction costs that are directly attributable to the acquisition or
issue of Financial Assets and financial liabilities, which are not at Fair Value through Profit or Loss, are adjusted to the fair
value on initial recognition. Purchases and sales of Financial Assets are recognised using trade date accounting.

ii) Subsequent Measurement

1) Financial Assets measured at Amortised Cost (AC) :

A financial asset is measured at amortised cost if it is held within a business model whose objective is to hold the assets
in order to collect contractual cash flows and the contractual terms of financial asset give rise on specified dates to cash
flows that are solely payments of principal and interest on the principal amount outstanding.

2) Financial Assets measured at Fair Value Through Other Comprehensive Income (FVTOCI):

A Financial Asset is measured at FVTOCI if it is held within a business model whose objective is achieved by both
collecting contractual cash flows and selling Financial Assets and the contractual terms of the Financial Asset give rise on
specified dates to cash flows that represents solely payment of principal and interest on the principal amount outstanding.

3) Financial Assets measured at Fair Value Through Profit or Loss (FVTPL):

A Financial Asset which is not classified in any of the above categories are measured at FVTPL. Financial assets are
reclassified subsequent to their recognition, if the Company changes its business model for managing those financial
assets. Changes in business model are made and applied prospectively from the of hedged item due to movement in
interest rates, foreign exchange rates and commodity prices.

iii) Investment in Subsidiaries:

The Company has accounted for its investments in Subsidiaries at cost less accumulated impairment losses, (if any). Where
an indication of impairment exists, the carrying amount of the investment is assessed and written down immediately to its
recoverable amount.

iv) Investment in Mutual funds:

Mutual Funds are measured at fair value through profit and loss (FVTPL), with value changes recognised in Statement of Profit
and Loss. However, profit and Loss on mutual fund is recognised in the Statement of Profit and loss at time of redemptions.

v) Investment in Equity instruments:

Equity investments are measured at fair value through profit and loss (FVTPL), with value changes recognised in Statement
of Profit and Loss. However, dividend on such equity investments are recognised in Statement of Profit and loss when the
Company’s right to receive payment is established and interest is accounted as an when it receipt.

vi) Investment in Bond:

Investments in bonds are measured at fair market through Other comprehensive Income (FVTOCI).

vii) Investment in Non-Convertible Debenture:

Investment in Commodity are measured at fair value through profit and loss (FVTPL).

viii) Loans, Deposits and other Receivable:

Loans and receivable are non-derivative financial assets with fixed or determinable payment that are not quoted in the active
market. Such assets are carried at amortised cost using the effective interest method.

ix) Impairment of Financial Assets

In accordance with Ind-AS 109, The Company uses “Expected Credit Losses (ECL)” model, for evaluating impairment of
Financial Assets other than those measured at Fair Value Through Profit and Loss (FVTPL).

Expected credit losses are measured through as loss allowance at an amount equal to:

• The 12- months expected credit losses (expected credit losses that result from those default events on the financial
instruments that are possible within 12 months after the reporting date); or

• Full lifetime expected credit losses(expected credit losses that result from all possible default events over the life of the
financial instrument)

The credit loss is difference between all contractual cash flows that are due to an entity in accordance with the contract and all
the cash flows that the entity expects to receive (i.e. all cash shortfalls), discounted at the original effective interest rate. This is
assessed on an individual or collective basis after considering all reasonable factors including that which are forward-looking.

For trade receivables company applies ‘Simplified approach’ which requires expected lifetime losses to be recognised from
initial recognition of the receivables. The Company uses historical default rates to determine impairment loss on the portfolio
of trade receivables. At every reporting date these historical default rates are reviewed and changes in the forward looking
estimates are analysed.

For other assets, the Company uses 12 month ECL to provide for impairment loss where there is no significant increase in
credit risk. If there is significant increase in credit risk full lifetime ECL is used.

Other Financial Assets mainly consists of Loans to employees, Security Deposit, other deposits, interest accrued on Fixed
Deposits, other receivables and advances measured at amortized cost.

Following is the policy for specific financial assets:-

(ii) Financial liabilities

1) Initial recognition and measurement

The Company classifies all financial liabilities as subsequently measured at amortised cost, except for financial liabilities at
fair value through profit or loss. Such liabilities, including derivatives that are liabilities, shall be subsequently measured at fair
value.

2) Subsequent measurement

Financial liabilities are carried at amortized cost using the effective interest method. For trade and other payables maturing
within one year from the balance sheet date, the carrying amounts approximate fair value due to the short maturity of these
instruments.

3) Derivative Financial Instruments

Derivative financial liabilities are measured at fair value through Profit and loss.

iii) Derecognition of Financial Instruments

The company derecognises a financial asset when the contractual rights to the cash flows from the Financial Asset expire or
it transfers the Financial Asset and the transfer qualifies for derecognition under Ind AS 109. A Financial Liability (or part of
Financial Liability) is derecognised from the Company’s Balance Sheet when the obligation specified in the contract is discharged
or cancelled or expires.

iv) Offsetting of Financial Instruments

Financial Assets and Financial Liabilities are offset and the net amount is presented in the Balance Sheet when, and only when, the
Company has a legally enforceable legal right to set off the amount and it intends, either to to settle them on a net basis, to realise
the assets and settle the liabilities simultaneously.

v) Fair value measurements of financial instruments

The Company measures financial instruments, such as, derivatives, investments in Mutual funds, etc. at fair value at each balance
sheet date.

Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market
participants at the measurement date. The fair value measurement is based on the presumption that the transaction to sell the asset
or transfer the liability takes place either:

• In the principal market for the asset or liability, or

• In the absence of a principal market, in the most advantageous market for the asset or liability The principal or the most
advantageous market must be accessible by the Company.

The fair value of an asset or a liability is measured using the assumptions that market participants would use when pricing the asset
or liability, assuming that market participants act in their economic best interest.

A fair value measurement of a non-financial asset takes into account a market participant’s ability to generate economic benefits by
using the asset in its highest and best use or by selling it to another market participant that would use the asset in its highest and best
use.

The Company uses valuation techniques that are appropriate in the circumstances and for which sufficient data are available to
measure fair value, maximizing the use of relevant observable inputs and minimizing the use of unobservable inputs.

All assets and liabilities for which fair value is measured or disclosed in the financial statements are categorized within the fair value
hierarchy, described as follows:

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

Level 2 - Valuation techniques for which the input that is significant to the fair value measurement is directly or indirectly observable
Level 3 - Valuation techniques for which the input that is significant to the fair value measurement is unobservable

For assets and liabilities that are recognized in the financial statements on a recurring basis, the Company determines whether
transfers have occurred between the levels in the hierarchy by re-assessing categorization (based on the lowest level input that is
significant to the fair value measurement as a whole) at the end of each reporting period.

External valuer’s are involved for valuation of significant assets, such as properties, unquoted financial assets etc, if needed.

Involvement of independent external valuers is decided upon annually by the Company. Further such valuation is done annually at
the end of the financial year and the impact, if any, on account of such fair valuation is taken in the annual financial statements.

For the purpose of fair value disclosures, the Company has determined classes of assets and liabilities on the basis of the nature,
characteristics and risks of the asset or liability and the level of the fair value hierarchy as explained above.

When the fair values of financial assets and financial liabilities recorded in the balance sheet cannot be measured based on quoted
prices in active markets, their fair value is measured using valuation techniques including the Discounted Cash Flow model. The
inputs to these models are from observable markets where possible, but where this is not feasible, a degree of judgement is required
in establishing fair values. Changes in assumptions could affect the reported value of fair value of financial instruments.

(p) Government Grant

Government Grant Government grants related to the acquisition or construction of tangible fixed assets (Property, Plant and Equipment)
are recognized when there is reasonable assurance that the Company will comply with the conditions attached to them and that the grants
will be received.

Grant related to tangible assets has been deducted from the carrying amount of the related asset and will result in reduced depreciation
over its useful life.

Grants related to revenue are recognized in the Statement of Profit and Loss on a systematic basis over the periods in which the related
costs are incurred, and are disclosed under “Other Income”.

(q) Cash and Cash Equivalents

Cash and cash equivalents comprise of cash on hand, cash at banks, short-term deposits and short-term, highly liquid investments that
are readily convertible to known amounts of cash and which are subject to an insignificant risk of changes in value.

(r) Cash Flow Statement

Cash flows are reported using the indirect method where by the profit before tax is adjusted for the effect of the transactions of a non-cash
nature, any deferrals or accruals of past and future operating cash receipts or payments and items of income or expenses associated with
investing or financing cash flows. The cash flows from operating, investing and financing activities of the company are segregated.

(s) Segment

As defined in Ind AS 108, Operating Segments are reported in the manner consistent with the internal reporting. The same is regularly
reviewed by the Managing Director/ Chief Financial Officer who assess the operational performance of the Company d make strategic
decisions

Segment Assets and Liabilities - The Company mainly deals in Plastic Products. Most of the Asset and Liabilities of the reportable
segment are common/interchangeable hence it is not practically possible to allocate the same. Consequently, Segment Assets and
Liabilities have not been presented Segment-Wise.

(t) Earnings Per Share
Basic Earnings Per Share

Basic Earnings Per Share is calculated by dividing the net profit after tax for the period attributable to the equity shareholders of the
Company by the weighted average number of equity shares outstanding during the period.

Diluted Earnings Per Share

Diluted Earnings Per Share is calculated by dividing the profit attributable to equity holders by the weighted average number of Equity
shares outstanding during the year plus the weighted average number of Equity shares that would be issued on conversion of all the
dilutive potential Equity shares into Equity shares.

C) Critical Accounting Judgments and Key Sources Of Estimation Uncertainty

The preparation of Company’s financial Statements requires management to make judgements, estimates and assumptions that affect the
reported amount of revenue, expenses, assets and liabilities and the accompanying disclosures. Uncertainty about these assumptions and
estimates could result in outcomes that require a material adjustment to the carrying amount of assets or liabilities affected in next financial
years.

a. Determination of the estimated useful lives of Property, Plant and Equipment and Intangible Assets:

Estimates are involved in determining the cost attributable to bringing the assets to the location and condition necessary for it to be
capable of operating in the manner intended by the management. Property, Plant and Equipment/Intangible Assets are depreciated/
amortised over their estimated useful life, after taking into account estimated residual value. Management reviews the estimated useful
life and residual values of the assets annually in order to determine the amount of depreciation/ amortisation to be recorded during any
reporting period. The useful life and residual values are based on the Company’s historical experience with similar assets and take into
account anticipated technological changes. The depreciation/amortisation for future periods is revised if there are significant changes
from previous estimates.

b. Recoverability of Trade Receivables

Judgements are required in assessing the recoverability of overdue trade receivables and determining whether a provision against those
receivables is required or not. Factors considered include the credit rating of the counterparty, the amount and timing of anticipated future
payments and any possible actions that can be taken to mitigate the risk of non-payment.

c. Provisions

The timing of recognition and quantification of the liability (including litigations) requires the application of judgement to existing facts
and circumstances, which can be subject to change. The carrying amounts of provisions and liabilities are reviewed regularly and revised
to take account of changing facts and circumstances.

d. Recognition Defined benefit plans

The obligation arising from defined benefit plan is determined on the basis of actuarial assumptions. Key actuarial assumptions include
discount rate, trends in salary escalation, actuarial rates and life expectancy. The discount rate is determined by reference to market
yields at the end of the reporting period on government bonds. The period to maturity of the underlying bonds correspond to the probable
maturity of the post-employment benefit obligations.

e. Application of Discount rates

Estimates of rates of discounting are done for measurement of fair values of certain financial assets and liabilities, which are based on
prevalent bank interest rates and the same are subject to change.

f. Current versus Non-Current classification

All the assets and liabilities have been classified as current or non-current as per the company’s normal operating cycle of twelve months
and other criteria set out in Schedule III to the Companies Act, 2013.

g. Impairment of financial assets

The impairment provisions for financial assets are based on assumptions about risk of default and expected cash loss rates. The Company
uses judgement in making these assumptions and selecting the inputs to the impairment calculation, based on Company’s past history,
existing market conditions as well as forward looking estimates at the end of each reporting period.

h. Impairment of non-financial assets

The impairment provisions for financial assets are based on assumptions about risk of default and expected cash loss rates. The Company
uses judgement in making these assumptions and selecting the inputs to the impairment calculation, based on Company’s past history,
existing market conditions as well as forward looking estimates at the end of each reporting period. The impairment provision for of
non-financial assets company estimates asset’s recoverable amount, which is higher of an asset’s or Cash Generating Units (CGU’s) fair
value less costs of disposal and its value in use.

In assessing value in use, the estimated future cash flows are discounted to their present value using pre-tax discount rate that reflects
current market assessments of the time value of money and the risks specific to the asset. In determining fair value less costs of disposal,
recent market transactions are taken into account, if no such transactions can be identified, an appropriate evaluation model is used.

i. Recognition of Deferred Tax Assets and Liabilities

Deferred tax assets and liabilities are recognised for deductible temporary differences and unused tax losses for which there is probability
of utilisation against the future taxable profit. The Company uses judgement to determine the amount of deferred tax that can be
recognised, based upon the likely timing and the level of future taxable profits and business developments.

D) Recent Indian Accounting Standards (Ind AS) issued not yet effective

Ministry of Corporate Affairs (“MCA”) notifies new standard or amendments to the existing standards under Companies (Indian Accounting
Standards) Rules as issued from time to time. For the year ended March 31, 2025, MCA has not notified any new standards or amendments
to the existing standards applicable to the Company.

E) The material accounting policy information used in preparation of the financial statements have been discussed in the respective notes.

33.3 Segment Business

The Company primarily deals in Plastics, Furniture & allied products thereof. However, as per Ind AS 108 “Operating Segments”, the
Company has identified the reportable segment which is reviewed and evaluated by the Management.

33.4 Segment Assets and Liabilities

All the operations of the Company are done at common facility at various locations. So, it is not practically possible to segregate their assets
and liabilities in reportable segment. Hence, segment assets and liabilities have not been presented segment wise.

Note : 34 Employee benefit plans

34.1 Defined contribution plans:

The Company participates in provident fund as defined contribution plans on behalf of relevant personnel. Any expense recognised in relation
to provident fund represents the value of contributions payable during the period by the Company at rates specified by the rules of provident
fund. The only amounts included in the balance sheet are those relating to the prior months contributions that were not paid until after the end
of the reporting period.

(a) Provident fund and pension

In accordance with the Employee’s Provident Fund and Miscellaneous Provisions Act, 1952, eligible employees of the Company are
entitled to receive benefits in respect of provident fund, a defined contribution plan, in which both employees and the Company make
monthly contributions at a specified percentage of the covered employees’ salary. The contributions, as specified under the law, are made
to the provident fund administered and managed by Government of India (GOI). The Company has no further obligations under the
fund managed by the GOI beyond its monthly contributions which are charged to the statement of Profit and Loss in the period they are
incurred. The benefits are paid to employees on their retirement or resignation from the Company.

Contribution to defined contribution plans, recognised in the statement of profit and loss for the year under employee benefits expense,
are as under:

(b) Defined benefit plans:

Gratuity

The Company has an obligation towards gratuity, a defined benefit retirement plan covering all employees. The plan provides for lump
sum payment to vested employees at retirement or at death while in employment or on termination of the employment of an amount
equivalent to 15 days salary, as applicable, payable for each completed year of service. Vesting occurs upon completion of five years of
service. The Company accounts for the liability for gratuity benefits payable in the future based on an actuarial valuation.

The most recent actuarial valuation of the present value of the defined benefit obligation was carried out for the year ended March 31,
2025 by an independent actuary. The present value of the defined benefit obligation, and the related current service cost and past service
cost, were measured using the projected unit credit method.

(A) Through its defined benefit plans, the Company is exposed to a number of risks, the most significant of which are detailed
below:

(1) Salary risk:

The present value of the defined benefit plan liability is calculated by reference to the future salaries of members. As such, an
increase in the salary of the members more than assumed level will increase the plan’s liability.

(2) Interest rate risk

A fall in the discount rate which is linked to the G.Sec. Rate will increase the present value of the liability requiring higher
provision. A fall in the discount rate generally increases the mark to market value of the assets depending on the duration of
asset.

(3) Investment risk:

The present value of the defined benefit plan liability is calculated using a discount rate which is determined by reference to
market yields at the end of the reporting period on government bonds. If the return on plan asset is below this rate, it will create
a plan deficit. Currently, for the plan in India, it has a relatively balanced mix of investments in government securities, and
other debt instruments.

(4) Mortality risk:

Since the benefits under the plan is not payable for life time and payable till retirement age only, plan does not have any
longevity risk.

(L) Sensitivity analysis

The Sensitivity analysis below has been determined based on reasonably possible change of the respective assumptions occurring at
the end of the reporting period, while holding all other assumptions constant. These sensitivities show the hypothetical impact of a
change in each of the lied assumptions in isolation. While each of these sensitivities holds all other assumptions constant, in practice
such assumptions rarely change in isolation and the asset value changes may offset the impact to some extent. For presenting the
sensitivities, the present value of the Defined Benefit Obligation has been calculated using the projected unit credit method at the
end of the reporting period, which is the same as that applied in calculating the Defined Benefit Obligation presented above. There
was no change in the methods and assumptions used in the preparation of the Sensitivity Analysis from previous year.

a) The remuneration to the Key Managerial Personnel does not include the provisions made for gratuity, as they are determined on an
actuarial basis for the Company as a whole.

b) All decisions relating to the remuneration of the Directors are taken by the Board of Directors of the Company, in accordance with
shareholders’ approval, wherever necessary.

Note : 36 Financial Instruments

The financial instruments are categorized into three levels based on the inputs used to arrive at fair value measurements as described below:

Level 1: Quoted prices (unadjusted) in active markets for identical assets or liabilities;

Level 2: Inputs other than the quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly; and
Level 3: Inputs based on unobservable market data.

Valuation Methodology

All financial instruments are initially recognized and subsequently re-measured atfair value as described below:

a) The fair value of investment in Equity Shares, Mutual fund, Bonds, Market linked debenture, Non Convertible Debenture ,Alternative
Investment fund, Preference Shares,Exchange traded fund and Government Securities is measured at cost, quoted price or NAV

b) All foreign currency denominated assets and liabilities are translated using exchange rate at the reporting date.

c) The fair value of the remaining financial instruments is determined using discounted cash flow analysis.

Note : 37 Financial instruments and risk management

37.1 Capital risk management

The Company’s objectives when managing capital are to safeguard its ability to continue as a going concern, to provide returns for shareholders,
and to maintain an optimal capital structure to reduce the cost of capital. The Company defines capital as equity attributable to equity holders,
which includes share capital, retained earnings, and other reserves. The Company does not currently have any borrowings and is entirely
equity-funded.Given the absence of debt, the Company is not subject to externally imposed capital requirements such as debt covenants.
Nevertheless, the Company regularly reviews its capital structure in light of its operating performance, future investment opportunities, and
market conditions. Management ensures that sufficient liquidity is maintained to meet operational and strategic requirements while preserving
financial flexibility. As at March 31, 2025 the Company’s capital structure is considered adequate to support its current and anticipated
business activities. There were no changes in the Company’s approach to capital risk management during the year.

37.2 Financial risk management objectives

The Company’s activities expose it to a variety of financial risks. The Company’s primary focus is to foresee the unpredictability and seek
to minimize potential adverse effect on its financial performance. The Company has also constituted a Risk Management Committee which
is responsible for monitoring the Company’s risk management policies which are established to identify and analyse the risks faced by the
Company. The Committee periodically review the changes in the market condition and reflect the changes in the policies accordingly. The key
risks and mitigating actions are also placed before the Audit Committee of the Company. The Audit Committee oversees how Management
monitors compliance with the Company’s Risk Management policies and procedures, and reviews the adequacy of the risk management
framework in relation to the risks faced by the Company.The Company monitors and manages the financial risks to the operations of the
Company. These risks include market risk, credit risk and liquidity risk.

(i) Market risk

The Company is exposed to various market risks that may impact its operations, profitability, and financial position. As a manufacturing
entity, key market risks include foreign exchange risk, interest rate risk, and commodity price risk. The Company has established a risk
management framework to monitor and mitigate these exposures effectively.

(a) Interest rate risk:

Interest rate risk arises from variable rate borrowings and investment of surplus funds. Changes in market interest rates can impact
finance costs and investment income. The Company manages this risk by maintaining a judicious mix of fixed and floating rate debt,
and continuously monitors market conditions to take timely decisions on refinancing or rebalancing debt.

(c) Commodity price risk

The Company has price review mechanism to protect against material movement in price of raw materials. Further there is no
financial hedge instrument available for mitigating the price risk associated with the Commodity - Raw Material of the Company,
however the same is being managed by adopting appropriate procurement and inventory strategy based on historical experience
gained.

(ii) Credit risk management

Credit risk refers to the risk of financial loss to the Company if a customer or counterparty to a financial instrument fails to meet its
contractual obligations.

The Company is exposed to credit risk primarily from its trade receivables, deposits with banks, and other financial assets. The Company’s
maximum exposure to credit risk is represented by the carrying amount of financial assets recognised in the financial statements.

a) Trade Receivable : The Company has a diversified customer base with no significant concentration of credit risk. Credit risk is
managed through established policies and procedures, including credit approvals, credit limits, and ongoing monitoring of the
financial condition of customers. The Company also evaluates the creditworthiness of customers based on their financial position,
past experience, and other relevant factors.

An impairment analysis is performed at each reporting date using an expected credit loss (ECL) model as per applicable accounting
standards. The Company considers its historical credit loss experience and forward-looking information in assessing the ECL.

b) Cash and Bank Balances:

The credit risk on cash and bank balances is limited as the Company deposits funds only with highly rated banks and financial
institutions.

c) Other Financial Assets:

Credit risk on other financial assets is monitored on a regular basis and is considered low, as these assets primarily consist of
advances to vendors and deposits with statutory authorities.

(iii). Liquidity risk management

Liquidity risk is defined as the risk that the Company will not be able to settle or meet its obligations on time or at reasonable price. The
Company’s objective is to at all times maintain optimum levels of liquidity to meet its cash and liquidity requirements. The Company
closely monitors its liquidity position and deploys a robust cash management system. It maintains adequate source of financing through
the use of short term bank deposits, investments, and cash credit facility. Processes and policies related to such risks are overseen by
senior management. Management monitors the Company’s liquidity position through rolling forecasts on the basis of expected cash
flows. The Company assessed the concentration of risk with respect to its debt and concluded it to be low.

Contractual Maturity profile of Financial Liabilities :

The company’s liquidity is managed centrally with operating units forecasting their cash and liquidity requirements. Treasury pools the
cash surpluses from across the different operating units and then arranges to either fund the net deficit or invest the net surplus in the
market.

The following are the remaining contractual maturities of financial liabilities at the reporting date. The amounts are gross and undiscounted
and include estimated interest payments and exclude the impact of netting agreements:

Note : 38 Fair Value Measurement

38.1 Fair value of the financial assets that are measured at fair value on a recurring basis

The Company has not measured any financial assets and financial liabilities that are measured at fair value on a recurring basis.

38.2 Fair value of financial assets and financial liabilities that are measured at amortised cost:

The management believes the carrying amounts of financial assets and financial liabilities measured at amortised cost approximate their fair
values.

Note : 39 Additional regulatory information as required by Schedule III to the Companies Act, 2013

39.1 Details of Benami property:

The Company does not have any benami property, where any proceeding has been initiated or pending against the Company for holding any
benami property

39.2 Loans or Advances :

During the year, the Company has granted a loan amounting to ''2,150.95 lakhs to its wholly owned subsidiary. The loan is repayable on
demand. As at March 31,2025, the total outstanding loan balance is ''2,150.95 lakhs.

39.3 Utilisation of borrowed funds and share premium:

The Company has not advanced or loaned or invested funds to any other person(s) or entity(ies), including foreign entities (Intermediaries)
with the understanding that the Intermediary shall:

a) directly or indirectly lend or invest in other persons or entities identified in any manner whatsoever by or on behalf of the Company (Ultimate
Beneficiaries) or

b) provide any guarantee, security or the like to or on behalf of the ultimate beneficiaries.

The Company has not received any fund from any person(s) or entity(ies), including foreign entities (Funding Party) with the understanding
(whether recorded in writing or otherwise) that the Company shall:

a) directly or indirectly lend or invest in other persons or entities identified in any manner whatsoever by or on behalf of the Company (Ultimate
Beneficiaries) or

b) provide any guarantee, security or the like to or on behalf of the ultimate beneficiaries.

39.4 Compliance with number of layers of companies:

The Company has complied with the number of layers prescribed under the Companies Act, 2013, read with the Companies (Restriction on
number of Layers) Rules, 2017

39.5 Compliance with approved scheme(s) of arrangements:

Pursuant to the provisions of Sections 230 to 232 and other applicable provisions of the Companies Act, 2013 (including any modification,
amendment, or re-enactment thereof)(“Act”) and other applicable laws, rules and regulations, the draft Composite Scheme of Arrangement
amongst The Company and Cello Consumer Products Private Limited and Cello World Limited and their respective shareholders and creditors
(“Scheme”) was approved by the Board of Directors on November 12 ,2024. Further, requisite approvals from BSE Limited (“BSE”) is
awaited. However, there is no accounting impact on the current & previous financial year.

39.6 Undisclosed income:

There is no income surrendered or disclosed as income during the current or previous year in the tax assessments under the Income Tax Act,
1961, that has not been recorded in the books of account.

39.7 Details of crypto currency or virtual currency:

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

39.8 Valuation of Property,Plant and Equipment :

The Company has not revalued its property, plant and equipment (including right-of-use assets) or intangible assets or both during the current
or previous year.

39.9 Wilful Defaulter :

The Company is not declared as wilful defaulter by any bank or financial institution (as defined under the Companies Act, 2013) or consortium
thereof or other lender inaccordance with the guidelines on willful defaulters issued by the Reserve Bank of India.

Note : 40 Details of transaction with struck of companies

The Company had no transactions with Companies struck off under Companies Act, 2013 or Companies Act, 1956 nor there are any outstanding
balances at end of each reporting year.

i) Debt Equity ratio = Total debts divided by Total Equity

The Company is debt free hence it is not applicable.

j) Debt Service Coverage ratio= Earnings available for debt services dividend by total interest and principal repayments.

The Company is debt free hence it is not applicable.

41.1 No significant adjusting event occurred between the balance sheet date and date of the approval of these financial statements by the Board of
Directors of the Company requiring adjustment or disclosure.

Note : 42 Code of Social Security, 2020

The new Code on Social Security, 2020 has been enacted but the effective date from which the changes are applicable is yet to be notified and the
rules are yet to be framed. The Company shall give appropriate impact in its financial statements in the period in which the Code becomes effective
and the related rules are published.

Note : 43 Audit Trail

The Company uses SAP S/4 HANA as its accounting software for maintaining its books of account which has feature of recording audit trail of
each and every transaction, creating an edit log of each change made in books of account along with the date when such changes were made and
ensuring that the audit trail cannot be disabled, throughout the year as required by proviso to sub rule (1) of rule 3 of The Companies (Accounts)
Rules, 2014 known as the Companies (Accounts) Amendment Rules, 2021.

Further, the Company has been maintaining daily backup of books of accounts and other records, on servers physically located in India throughout
the year.

Note : 45 Approval of financial statements

The Standalone Financial Statements were approved for issue by Board of Directors at their meeting held on May 23, 2025.

Note : 46 The figures for the corresponding previous year have been regrouped/reclassified wherever necessary, to make them comparable.

In terms of our Report of even date For and on behalf of the Board of Wim Plast Limited A

For Jeswani & Rathore Pradeep G. Rathod Pankaj G. Rathod

Chartered Accountants CEO, Chairman & Managing Director Joint Managing Director

(FRN- 104202W) (DIN: 00027527) (DIN: 00027572)

Dhiren K. Rathore Madhusudan R. Jangid Darsha Adodra

Partner Chief Financial Officer Company Secretary

(M. No.: 115126) (M. No.: 106674) (M. No.: F12831)

Place : Mumbai Place : Mumbai

Date: 23^rd May, 2025 Date: 23^rd May, 2025

---

Mar 31, 2024

8.4 The mode of valuation of inventories has been stated in material accounting policies (B(2)(g)).

8.5 In accordance with Ind AS 2 - Inventories, the Company has during the year changed the accounting method for determining cost of Inventory of Raw Materials, Finished Goods and Work in Process from First In First Out (FIFO) basis to Weighted Average Method.

The Company believes that this change to weighted average method is preferable as it reflects better matching of the actual cost flows with the physical flow of goods.

In accordance with Ind AS 8 - Accounting Policies, Changes in Accounting Estimates and Errors, the impact i.e. increase/(decrease) due to change in method of determining cost of Inventory on each item of Statement of Profit and Loss is as under:

9.1 The average credit period on sales of goods is 30-45 days.

9.2 The Company has used a practical expedient for computing the expected credit loss allowance for trade receivables based on a provision matrix. The provision matrix takes into account historical credit loss experience and adjusted for forward-looking information. The expected credit loss allowance is based on the ageing of the days the receivables are due and the rates as given in the provision matrix.

13.3 Rights, preferences and restrictions attached to equity shares

The Company has one class of equity shares having a par value of ''10 each. Each shareholder is eligible for one vote per share held. The dividend proposed by the Board of Directors is subject to the approval of the shareholders in the ensuing Annual General Meeting. In the event of liquidation, the equity shareholders are eligible to receive the remaining assets of the Company in proportion to their shareholding.

13.4 In the Period of five years immediately preceding March 31, 2024 :

The Company has not alloted any equity shares as fully paid up without payment being received in cash or as Bonus Shares or Bought back any equity shares.

# The tax rate used for the reconciliations above is the corporate tax rate plus surcharge (as applicable) on corporate tax, education cess and secondary and higher education cess on corporate tax, payable by corporate entities in India on taxable profits under Income Tax Act, 1961.

In pursuance of Section 115BAA of the Income Tax Act, 1961 announced by the Government of India through Taxation Laws (Amendment) Ordinance, 2019, the Company has opted for irrevocable option of shifting to lower tax rate.

30.4 The Company does not have any transaction which is not recorded in the books of accounts that has been surrendered or disclosed as income during the year in the tax assessments under the Income Tax Act, 1961 (such as, search or survey or any other relevant provisions of the Income Tax Act, 1961).

32.1 The Company did not expect any outflow of economic resources in respect of the above and therefore no provision was made in respect thereof.

Note : 33 Segment information

The principal business of the Company is of manufacturing and dealing in plastic moulded funiture,Extrusion sheet,Air cooler, waste management, mould & dies, its allieds in India and all the activitis incidental thereto. The CEO, has been identified as the chief operating decision maker (CODM). The CODM evaluates the Company’s performance, allocates resources based on analysis of the various performance indicators of the Company as a single unit. CODM have concluded that there is only one operating reportable segment as defined by Ind AS 108.

33.3 Information about major customers

No single customer contributed 10% or more to the Company for the year ended March 31, 2024 as well as in the previous year ended March 31,2023.

33.4 Segment Business

Based on the “Management approach” as defined in Ind-AS 108 - Operating Segments, the Managing Director/Decision Maker evaluates the Company’s performance and allocates resources based on an analysis of various performance indicators by business segments. Accordingly, information has been presented along with these business segments. The accounting principles used in the preparation of the financial statements are consistently applied to record revenue and expenditure in individual segments.

33.5 Segment Assets and Liabilities

The Company mainly deals in Plastics, furniture & allied products thereof. Most of the asset and liabilities of the reportable segment are common/interchangeable, Hence, it is not practically possible to segregate them. Therefore, segment assets and liabilities have not been presented segment wise.

Note : 34 Employee benefit plans

34.1 Defined contribution plans:

The Company participates in Provident fund as defined contribution plans on behalf of relevant personnel. Any expense recognised in relation to provident fund represents the value of contributions payable during the period by the Company at rates specified by the rules of provident fund. The only amounts included in the balance sheet are those relating to the prior months contributions that were not paid until after the end of the reporting period.

(a) Provident fund and pension

In accordance with the Employee’s Provident Fund and Miscellaneous Provisions Act, 1952, eligible employees of the Company are entitled to receive benefits in respect of provident fund, a defined contribution plan, in which both employees and the Company make monthly contributions at a specified percentage of the covered employees’ salary. The contributions, as specified under the law, are made to the provident fund administered and managed by Government of India (GOI). The Company has no further obligations under the fund managed by the GOI beyond its monthly contributions which are charged to the statement of Profit and Loss in the period they are incurred. The benefits are paid to employees on their retirement or resignation from the Company.

(b) Defined benefit plans:

Gratuity

The Company has an obligation towards gratuity, a defined benefit retirement plan covering all employees. The plan provides for lump sum payment to vested employees at retirement or at death while in employment or on termination of the employment of an amount equivalent to 15 days salary, as applicable, payable for each completed year of service. Vesting occurs upon completion of five years of service. The Company accounts for the liability for gratuity benefits payable in the future based on an actuarial valuation.

The most recent actuarial valuation of the present value of the defined benefit obligation was carried out for the year ended March 31, 2024 by an independent actuary. The present value of the defined benefit obligation, and the related current service cost and past service cost, were measured using the projected unit credit method.

(A) Through its defined benefit plans, the Company is exposed to a number of risks, the most significant of which are detailed below:

(1) Salary risk:

The present value of the defined benefit plan liability is calculated by reference to the future salaries of members. As such, an increase in the salary of the members more than assumed level will increase the plan’s liability.

(2) Interest rate risk

A fall in the discount rate which is linked to the G.Sec. Rate will increase the present value of the liability requiring higher provision. A fall in the discount rate generally increases the mark to market value of the assets depending on the duration of asset.

(3) Investment risk:

The present value of the defined benefit plan liability is calculated using a discount rate which is determined by reference to market yields at the end of the reporting period on government bonds. If the return on plan asset is below this rate, it will create a plan deficit. Currently, for the plan in India, it has a relatively balanced mix of investments in government securities, and other debt instruments.

(4) Mortality risk:

Since the benefits under the plan is not payable for life time and payable till retirement age only, plan does not have any longevity risk.

(L) Sensitivity analysis

The Sensitivity analysis below has been determined based on reasonably possible change of the respective assumptions occurring at the end of the reporting period, while holding all other assumptions constant. These sensitivities show the hypothetical impact of a change in each of the lied assumptions in isolation. While each of these sensitivities holds all other assumptions constant, in practice such assumptions rarely change in isolation and the asset value changes may offset the impact to some extent. For presenting the sensitivities, the present value of the Defined Benefit Obligation has been calculated using the projected unit credit method at the end of the reporting period, which is the same as that applied in calculating the Defined Benefit Obligation presented above. There was no change in the methods and assumptions used in the preparation of the Sensitivity Analysis from previous year.

(a) The remuneration to the key managerial personnel does not include the provisions made for gratuity, as they are determined on an actuarial basis for the Company as a whole.

(b) All decisions relating to the remuneration of the Directors are taken by the Board of Directors of the Company, in accordance with shareholders’ approval, wherever necessary.

Note 36 : Financial Instruments

The financial instruments are categorized into three levels based on the inputs used to arrive at fair value measurements as described below:

Level 1: Quoted prices (unadjusted) in active markets for identical assets or liabilities;

Level 2: Inputs other than the quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly; and

Level 3: Inputs based on unobservable market data.

Valuation Methodology

All financial instruments are initially recognized and subsequently re-measured atfair value as described below:

a) The fair value of investment in in Mutual Funds, Bonds,Market Linked Debenture and Government Securities is measured at cost, quoted price or NAV

b) All foreign currency denominated assets and liabilities are translated using exchange rate at the reporting date.

c) The fair value of the remaining financial instruments is determined using discounted cash flow analysis.

37.1 Capital risk management

For the purposes of Company’s capital management, Capital includes equity attributable to the equity holders of the Company and all other equity reserves. The primary objective of the Company’s capital management is to safeguard its ability to continue as going concern and to ensure that it maintains an efficient capital structure and maximize shareholder value. The Company manages its capital structure and makes adjustments in light of changes in economic conditions and the requirements of the financial covenants. To maintain or adjust the capital structure, the Company may adjust the dividend payment to shareholders. The Company is not subject to any externally imposed capital requirements. No changes were made in the objectives, policies or processes for managing capital during the year ended March 31, 2024 and March 31, 2023

37.2 Financial risk management objectives

The Company’s activities expose it to a variety of financial risks. The Company’s primary focus is to foresee the unpredictability and seek to minimize potential adverse effect on its financial performance. The Company has also constituted a Risk Management Committee which is responsible for monitoring the Company’s risk management policies which are established to identify and analyse the risks faced by the Company. The Committee periodically review the changes in the market condition and reflect the changes in the policies accordingly. The key risks and mitigating actions are also placed before the Audit Committee of the Company. The Audit Committee oversees how Management monitors compliance with the Company’s Risk Management policies and procedures, and reviews the adequacy of the risk management framework in relation to the risks faced by the Company. The company monitors and manages the financial risks to the operations of the company. These risks include market risk, credit risk, interest risk and liquidity risk.

(i). Market risk

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 of currency risk and interest rate risk. In the normal course of business and in accordance with our policies, we manage these risks through a variety of strategies.

(a) Interest rate risk:

Interest rate risk can be either fair value interest rate risk or cash flow interest rate risk. Fair value interest rate risk is the risk of changes in fair values of fixed interest bearing investments because of fluctuations in the interest rates. Cash flow interest rate risk is the risk that the future cash flows of interest bearing investments will fluctuate because of fluctuations in the interest rates. The Company’s exposure to the risk of changes in market interest rates relates primarily to the Company’s Bank Deposit, Bond and Investment obligation at floating interest rates.

(b) Foreign currency risk:

Foreign currency risk is the risk that the fair value or future cash flows of a financial instrument will fluctuate because of changes in foreign exchange rates. The Company’s exposure to the risk of changes in foreign exchange rates relates primarily to the Company’s operating activities (when revenue or expense is denominated in foreign currency). Foreign currency exchange rate exposure is partly balanced by purchasing of goods from the respective countries. The Company evaluates exchange rate exposure arising from foreign currency transactions and follows established risk management policies.

(c) Commodity price risk

The Company’s principle raw materials are variety of plastic polymers which are primarily derivatives of crude oil. Company sources its raw material requirement from across the globe. Domestic market prices generally remains in sync with the international market prices.

Volatility in Crude Oil prices, Currency fluctuation of Rupee vis-a-vis other prominent currencies coupled with demand-supply scenario in the world market, affect the effective price and availability of polymers for the Company. Company effectively manages availability of material as well as price volatility by expanding its source base, having appropriate contracts and commitments in place and planning its procurement and inventory strategy. The Company’s Board of Directors has developed and enacted a risk management strategy regarding commodity price risk and its mitigation. The Company mitigated the risk of price volatility by entering Long Term & Short term contracts for the Purchase of these commodities basis estimated annual requirements.

(d) Market Risk

Price risk are impacted by a number of factors like interest rate risk, credit risk, liquidity risk, market risk in addition to other factors. A movement of 0.50% on either side can lead to a gain/loss of '' 59.97 Lakhs as on March 31, 2024 and '' 52.88 Lakhs as at March 31, 2023.

(ii). Credit risk management

Credit risk is the risk that a customer or counterparty to a financial instrument fails to perform or pay the amounts due causing financial loss to the Company. Credit risk arises from Company’s activities in investments and outstanding receivables from customers.

In respect of its Investments, the Company aims to minimize its financial credit risk through the application of risk management policies. The Company’s exposure to credit risk is influenced mainly by the individual characteristics of each customer in which it operates. Credit risk is managed through credit approvals, establishing credit limits and continuously monitoring the creditworthiness of the customers, to whom the Company grants credit in accordance with the terms and conditions and in ordinary course of its business.

The Company’s exposure to credit risk is influenced mainly by the individual characteristics of each customer in which it operates. Credit risk is managed through credit approvals, establishing credit limits and continuously monitoring the creditworthiness of the customers,to whom the Company grants credit in accordance with the terms and conditions and in ordinary course of its business.

The Risk Management Committee has established a credit policy under which each new customer is analysed individually for creditworthiness, before the Company’s standard payment and delivery terms and conditions are offered. Further for domestic sales, the Company segments its customers into distributors and others, for credit monitoring.

The Company maintains security deposits for sales made to its distributors. For other trade receivables, the Company individually monitors the sanctioned credit limits as against the outstanding balances. Accordingly, the Company makes specific provisions against such trade receivables wherever required and monitors the same at periodic intervals.

The Company monitors each loan and advance given and makes any specific provision, as and when required.

The Company establishes an allowance for impairment that represents its estimate of expected losses in respect of trade receivables and loans and advances.

Liquidity risk is defined as the risk that the Company will not be able to settle or meet its obligations on time or at reasonable price. The Company’s objective is to at all times maintain optimum levels of liquidity to meet its cash and liquidity requirements. The Company closely monitors its liquidity position and deploys a robust cash management system. It maintains adequate source of financing through the use of short term bank deposits, investments, and cash credit facility. Processes and policies related to such risks are overseen by senior management. Management monitors the Company’s liquidity position through rolling forecasts on the basis of expected cash flows. The Company assessed the concentration of risk with respect to its debt and concluded it to be low.

The Company’s approach to managing liquidity is to ensure, as far as possible, that it will have sufficient liquidity to meet its liabilities when they are due, under both normal and stressed conditions, without incurring unacceptable losses or risking damage to the Company’s reputation.

Contractual Maturity profile of Financial Liabilities :

The company’s liquidity is managed centrally with operating units forecasting their cash and liquidity requirements. Treasury pools the cash surpluses from across the different operating units and then arranges to either fund the net deficit or invest the net surplus in the market.

The following are the remaining contractual maturities of financial liabilities at the reporting date. The amounts are gross and undiscounted and include estimated interest payments and exclude the impact of netting agreements:

The above table details the Company’s remaining contractual maturity for its non-derivative financial liabilities with agreed repayment periods. The amount disclosed in the tables have been drawn up based on the undiscounted cash flows of financial liabilities based on the earliest date on which the Company can be required to pay. The contractual maturity is based on the earliest date on which the Company may be required to pay.

Note : 38 Fair Value Measurement

38.1 Fair value of the financial assets that are measured at fair value on a recurring basis

The Company has not measure any financial assets and financial liabilities that are measured at fair value on a recurring basis.

38.2 Fair value of financial assets and financial liabilities that are measured at amortised cost:

The management believes the carrying amounts of financial assets and financial liabilities measured at amortised cost approximate their fair values.

Note : 39 Additional regulatory information as required by Schedule III to the Companies Act, 2013

39.1 Details of Benami property:

No proceedings have been initiated or are pending against the Company for holding any Benami property under the Benami Transactions (Prohibition) Act, 1988 (45 of 1988) and the rules made thereunder.

39.2 Loans or Advances :

During the year the Company has granted additional loan of '' 5,000/- (in Lakhs) to the holding Company, which is repayable on Demand. The Total Loan Outstanding as on March 31,2024 is '' 10,000/- (in Lakhs) Refer Note 4.

39.3 Utilisation of borrowed funds and share premium:

The Company has not advanced or loaned or invested funds to any other person(s) or entity(ies), including foreign entities (Intermediaries) with the understanding that the Intermediary shall:

a) directly or indirectly lend or invest in other persons or entities identified in any manner whatsoever by or on behalf of the Company (Ultimate Beneficiaries) or

b) provide any guarantee, security or the like to or on behalf of the ultimate beneficiaries.

The Company has not received any fund from any person(s) or entity(ies), including foreign entities (Funding Party) with the understanding (whether recorded in writing or otherwise) that the Company shall:

a) directly or indirectly lend or invest in other persons or entities identified in any manner whatsoever by or on behalf of the Company (Ultimate Beneficiaries) or

b) provide any guarantee, security or the like to or on behalf of the ultimate beneficiaries.

39.4 Compliance with number of layers of companies:

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

39.5 Compliance with approved scheme(s) of arrangements:

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

39.6 Undisclosed income:

There is no income surrendered or disclosed as income during the current or previous year in the tax assessments under the Income Tax Act, 1961, that has not been recorded in the books of account.

39.7 Details of crypto currency or virtual currency:

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

39.8 Valuation of Property,Plant and Equipment :

The Company has not revalued its property, plant and equipment (including right-of-use assets) or intangible assets or both during the current or previous year.

39.9 Willful Defaulter :

The Company is not declared as willful defaulter by any bank or financial institution (as defined under the Companies Act, 2013) or consortium thereof or other lender inaccordance with the guidelines on willful defaulters issued by the Reserve Bank of India.

Note : 40 Details of transaction with struck of companies

During the year March 31, 2024 and March 31, 2023 there is no transaction with struck off companies Note : 41 Ratio Analysis and its elements

Note : 43 Approval of financial statements

The Standalone Financial Statements were approved for issue by Board of Directors at their meeting held on May 22,2024.

Note : 44 The figures for the corresponding previous year have been regrouped/reclassified wherever necessary, to make them comparable.

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Mar 31, 2023

1.1 There are no impairment losses recognised during the year ended March 31, 2023 .

1.2 Movable Property, plant and equipment are hypothecated against cash credit facilities availed by the company amounting to ''15 Crores (March 31,2022: ''15 Crores ).

1.3 The Company has not revalued its property, plant and equipment as on each reporting period and therefore Schedule III disclosure requirements with respect to fair value details is not applicable.

1.4 The title deeds of immovable properties (other than properties where the Company is a lessee and the lease arrangement are duly executed in the favour of the lessee) are held in the name of the Company.

13.3 Rights, preferences and restrictions attached to equity shares

The Company has one class of equity shares having a par value of ''10 each. Each shareholder is eligible for one vote per share held. The dividend proposed by the Board of Directors is subject to the approval of the shareholders in the ensuing Annual General Meeting. In the event of liquidation, the equity shareholders are eligible to receive the remaining assets of the Company in proportion to their shareholding.

Note : 32 Segment Information

The principal business of the Company is of manufacturing and dealing in plastic moulded furniture, Extrusion sheet,Air cooler, waste management, mould & dies and its allieds in India and all the activities incidental thereto. The CEO, has been identified as the chief operating decision maker (CODM). The CODM evaluates the Company’s performance, allocates resources based on analysis of the various performance indicators of the Company as a single unit. CODM have concluded that there is only one operating reportable segment as defined by Ind AS 108.

32.3 Information about major customers

No single customer contributed 10% or more to the Company for the year ended March 31,2023 as well as in previous year ended March 31, 2022.

32.4 Segment Business

Based on the “management approach” as defined in Ind-AS 108 - Operating Segments, the Managing Director/Decision Maker evaluates the Group’s performance and allocates resources based on an analysis of various performance indicators by business segments. Accordingly, information has been presented along with these business segments. The accounting principles used in the preparation of the financial statements are consistently applied to record revenue and expenditure in individual segments.

32.5 Segment Assets and Liabilities

The Company is engaged mainly in production of plastic products. Most of the assets, liabilities and depreciation/amortisation of the aforesaid reportable segments are interchangeable or not practically allocable. Accordingly, segment assets, liabilities and depreciation/amortisation have not been presented.

Note : 33 Employee benefit plans

33.1 Defined contribution plans:

The Company participates in Provident fund as defined contribution plans on behalf of relevant personnel. Any expense recognised in relation to provident fund represents the value of contributions payable during the period by the Company at rates specified by the rules of provident fund. The only amounts included in the balance sheet are those relating to the prior months contributions that were not paid until after the end of the reporting period.

(a) Provident fund and pension

In accordance with the Employee’s Provident Fund and Miscellaneous Provisions Act, 1952, eligible employees of the Company are entitled to receive benefits in respect of provident fund, a defined contribution plan, in which both employees and the Company make monthly contributions at a specified percentage of the covered employees’ salary. The contributions, as specified under the law, are made to the provident fund administered and managed by Government of India (GOI). The Company has no further obligations under the fund managed by the GOI beyond its monthly contributions which are charged to the statement of Profit and Loss in the period they are incurred. The benefits are paid to employees on their retirement or resignation from the Company.

(b) Defined benefit plans:

Gratuity

The Company has an obligation towards gratuity, a defined benefit retirement plan covering all employees. The plan provides for lump sum payment to vested employees at retirement or at death while in employment or on termination of the employment of an amount equivalent to 15 days salary, as applicable, payable for each completed year of service. Vesting occurs upon completion of five years of service. The Company accounts for the liability for gratuity benefits payable in the future based on an actuarial valuation.

The most recent actuarial valuation of the present value of the defined benefit obligation was carried out for the year ended March 31, 2023 by an independent actuary. The present value of the defined benefit obligation, and the related current service cost and past service cost, were measured using the projected unit credit method.

(A) Through its defined benefit plans, the Company is exposed to a number of risks, the most significant of which are detailed below:

(1) Salary risk:

The present value of the defined benefit plan liability is calculated by reference to the future salaries of members. As such, an increase in the salary of the members more than assumed level will increase the plan’s liability.

(2) Interest rate risk

A fall in the discount rate which is linked to the G.Sec. Rate will increase the present value of the liability requiring higher provision. A fall in the discount rate generally increases the mark to market value of the assets depending on the duration of asset.

(3) Investment risk:

The present value of the defined benefit plan liability is calculated using a discount rate which is determined by reference to market yields at the end of the reporting period on government bonds. If the return on plan asset is below this rate, it will create a plan deficit. Currently, for the plan in India, it has a relatively balanced mix of investments in government securities, and other debt instruments.

(4) Mortality risk:

Since the benefits under the plan is not payable for life time and payable till retirement age only, plan does not have any longevity risk.

(L) Sensitivity analysis

The Sensitivity analysis below has been determined based on reasonably possible change of the respective assumptions occurring at the end of the reporting period, while holding all other assumptions constant. These sensitivities show the hypothetical impact of a change in each of the lied assumptions in isolation. While each of these sensitivities holds all other assumptions constant, in practice such assumptions rarely change in isolation and the asset value changes may offset the impact to some extent. For presenting the sensitivities, the present value of the Defined Benefit Obligation has been calculated using the projected unit credit method at the end of the reporting period, which is the same as that applied in calculating the Defined Benefit Obligation presented above. There was no change in the methods and assumptions used in the preparation of the Sensitivity Analysis from previous year.

(a) The remuneration to the key managerial personnel does not include the provisions made for gratuity, as they are determined on an actuarial basis for the Company as a whole.

(b) All decisions relating to the remuneration of the Directors are taken by the Board of Directors of the Company, in accordance with shareholders’ approval, wherever necessary.

Note : 35 Financial Instrument :

The financial instruments are categorized into three levels based on the inputs used to arrive at fair value measurements as described below:

Level 1: Quoted prices (unadjusted) in active markets for identical assets or liabilities;

Level 2: Inputs other than the quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly; and

Level 3: Inputs based on unobservable market data.

Valuation Methodology

All financial instruments are initially recognized and subsequently re-measured atfair value as described below:

a) The fair value of investment in in Mutual Funds, Bonds and Government Securities is measured at cost, quoted price or NAV.

b) All foreign currency denominated assets and liabilities are translated using exchange rate at the reporting date.

c) The fair value of the remaining financial instruments is determined using discounted cash flow analysis.

Note : 36 Financial instruments and risk management

36.1 Capital risk management

For the purposes of Company’s capital management, Capital includes equity attributable to the equity holders of the Company and all other equity reserves. The primary objective of the Company’s capital management is to safeguard its ability to continue as going concern and to ensure that it maintains an efficient capital structure and maximize shareholder value. The Company manages its capital structure and makes adjustments in light of changes in economic conditions and the requirements of the financial covenants. To maintain or adjust the capital structure, the Company may adjust the dividend payment to shareholders. The Company is not subject to any externally imposed capital requirements. No changes were made in the objectives, policies or processes for managing capital during the year ended March 31, 2023 and March 31, 2022

36.2 Financial risk management objectives

The Company’s activities expose it to a variety of financial risks. The Company’s primary focus is to foresee the unpredictability and seek to minimize potential adverse effect on its financial performance.

The Company has also constituted a Risk Management Committee which is responsible for monitoring the Company’s risk management policies which are established to identify and analyse the risks faced by the Company. The Committee periodically review the changes in the market condition and reflect the changes in the policies accordingly.

The key risks and mitigating actions are also placed before the Audit Committee of the Company. The Audit Committee oversees how Management monitors compliance with the Company’s Risk Management policies and procedures, and reviews the adequacy of the risk management framework in relation to the risks faced by the Company.

The company monitors and manages the financial risks to the operations of the company. These risks include market risk, credit risk, interest risk and liquidity risk.

(i). Market risk

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 of currency risk and interest rate risk. In the normal course of business and in accordance with our policies, we manage these risks through a variety of strategies.

(a) Interest rate risk:

Interest rate risk can be either fair value interest rate risk or cash flow interest rate risk. Fair value interest rate risk is the risk of changes in fair values of fixed interest bearing investments because of fluctuations in the interest rates. Cash flow interest rate risk is the risk that the future cash flows of floating interest bearing investments will fluctuate because of fluctuations in the interest rates. The Company’s exposure to the risk of changes in market interest rates relates primarily to the Company’s Bank Deposit, Bond and Investment obligation at floating interest rates.

(b) Foreign currency risk:

Foreign currency risk is the risk that the fair value or future cash flows of a financial instrument will fluctuate because of changes in foreign exchange rates. The Company’s exposure to the risk of changes in foreign exchange rates relates primarily to the Company’s operating activities (when revenue or expense is denominated in foreign currency). Foreign currency exchange rate exposure is partly balanced by purchasing of goods from the respective countries. The Company evaluates exchange rate exposure arising from foreign currency transactions and follows established risk management policies.

(c) Commodity price risk

The Company’s principle raw materials are variety of plastic polymers which are primarily derivatives of crude oil. Company sources its raw material requirement from across the globe. Domestic market prices generally remains in sync with the international market prices.

Volatility in Crude Oil prices, Currency fluctuation of Rupee vis-a-vis other prominent currencies coupled with demand-supply scenario in the world market, affect the effective price and availability of polymers for the Company. Company effectively manages availability of material as well as price volatility by expanding its source base, having appropriate contracts and commitments in place and planning its procurement and inventory strategy. The Company’s Board of Directors has developed and enacted a risk management strategy regarding commodity price risk and its mitigation. The Company mitigated the risk of price volatility by entering Long Term & Short term contracts for the Purchase of these commodities basis estimated annual requirements.

(d) Market Risk

Price risk are impacted on investments by a number of factors like interest rate risk, credit risk, liquidity risk, market risk in addition to other factors.A movement of0.50% on either side can lead to a gain/loss of ''52.88 Lakhs as on March 31,2023 and '' 57.48 Lakhs as at March 31,2022.

(ii). Credit risk management

Credit risk is the risk that a customer or counterparty to a financial instrument fails to perform or pay the amounts due causing financial loss to the Company. Credit risk arises from Company’s activities in investments and outstanding receivables from customers.

In respect of its Investments, the Company aims to minimize its financial credit risk through the application of risk management policies. The Company’s exposure to credit risk is influenced mainly by the individual characteristics of each customer in which it operates. Credit risk is managed through credit approvals, establishing credit limits and continuously monitoring the creditworthiness of the customers, to whom the Company grants credit in accordance with the terms and conditions and in ordinary course of its business.

The Company’s exposure to credit risk is influenced mainly by the individual characteristics of each customer in which it operates. Credit risk is managed through credit approvals, establishing credit limits and continuously monitoring the creditworthiness of the customers, to whom the Company grants credit in accordance with the terms and conditions and in ordinary course of its business.

The Risk Management Committee has established a credit policy under which each new customer is analysed individually for creditworthiness, before the Company’s standard payment and delivery terms and conditions are offered. Further for domestic sales, the Company segments its customers into distributors and others, for credit monitoring.

The Company maintains security deposits for sales made to its distributors. For other trade receivables, the Company individually monitors the sanctioned credit limits as against the outstanding balances. Accordingly, the Company makes specific provisions against such trade receivables wherever required and monitors the same at periodic intervals.

The Company monitors each loan and advance given and makes any specific provision, as and when required.

The Company establishes an allowance for impairment that represents its estimate of expected losses in respect of trade receivables and loans and advances.

(iii). Liquidity risk management

Liquidity risk is defined as the risk that the Company will not be able to settle or meet its obligations on time or at reasonable price. The Company’s objective is to at all times maintain optimum levels of liquidity to meet its cash and liquidity requirements. The Company closely monitors its liquidity position and deploys a robust cash management system. It maintains adequate source of financing through the use of short term bank deposits, investments, and cash credit facility. Processes and policies related to such risks are overseen by senior management. Management monitors the Company’s liquidity position through rolling forecasts on the basis of expected cash flows. The Company assessed the concentration of risk with respect to its debt and concluded it to be low.

The Company’s approach to managing liquidity is to ensure, as far as possible, that it will have sufficient liquidity to meet its liabilities when they are due, under both normal and stressed conditions, without incurring unacceptable losses or risking damage to the Company’s reputation.

Contractual Maturity profile of Financial Liabilities :

The company’s liquidity is managed centrally with operating units forecasting their cash and liquidity requirements. Treasury pools the cash surpluses from across the different operating units and then arranges to either fund the net deficit or invest the net surplus in the market.

The following are the remaining contractual maturities of financial liabilities at the reporting date. The amounts are gross and undiscounted and include estimated interest payments and exclude the impact of netting agreements:

Liquidity risk table

The table below summarises the maturity profile of the Company’s financial liabilities based on contractual undiscounted payments.

The above table details the Company’s remaining contractual maturity for its non-derivative financial liabilities with agreed repayment periods. The amount disclosed in the tables have been drawn up based on the undiscounted cash flows of financial liabilities based on the earliest date on which the Company can be required to pay. The contractual maturity is based on the earliest date on which the Company may be required to pay.

Note : 37 Fair Value Measurement

37.1 Fair value of the financial assets that are measured at fair value on a recurring basis

The Company has not measure any financial assets and financial liabilities that are measured at fair value on a recurring basis.

37.2 Fair value of financial assets and financial liabilities that are measured at amortised cost:

The management believes the carrying amounts of financial assets and financial liabilities measured at amortised cost approximate their fair values.

Note : 38 Additional regulatory information as required by Schedule III to the Companies Act, 2013

38.1 Details of Benami property:

No proceedings have been initiated or are pending against the Company for holding any Benami property under the Benami Transactions (Prohibition) Act, 1988 (45 of 1988) and the rules made thereunder.

38.2 Loans or Advances :

The Company has granted loan of '' 5,000/- (in Lakhs) to the Holding Company ,which is repayable on demand. (Refer Note 4)

38.3 Utilisation of borrowed funds and share premium:

The Company has not advanced or loaned or invested funds to any other person(s) or entity(ies), including foreign entities (Intermediaries) with the understanding that the Intermediary shall:

a) directly or indirectly lend or invest in other persons or entities identified in any manner whatsoever by or on behalf of the Company (Ultimate Beneficiaries) or

b) provide any guarantee, security or the like to or on behalf of the ultimate beneficiaries.

The Company has not received any fund from any person(s) or entity(ies), including foreign entities (Funding Party) with the understanding (whether recorded in writing or otherwise) that the Company shall:

a) directly or indirectly lend or invest in other persons or entities identified in any manner whatsoever by or on behalf of the Company (Ultimate Beneficiaries) or

b) provide any guarantee, security or the like to or on behalf of the ultimate beneficiaries.

38.4 Compliance with number of layers of companies:

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

38.5 Compliance with approved scheme(s) of arrangements:

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

38.6 Undisclosed income:

There is no income surrendered or disclosed as income during the current or previous year in the tax assessments under the Income Tax Act, 1961, that has not been recorded in the books of account.

38.7 Details of crypto currency or virtual currency:

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

38.8 Valuation of Property,Plant and Equipment :

The Company has not revalued its property, plant and equipment (including right-of-use assets) or intangible assets or both during the current or previous year.

38.9 Willful Defaulter :

The Company is not declared as willful defaulter by any bank or financial institution (as defined under the Companies Act, 2013) or consortium thereof or other lender inaccordance with the guidelines on willful defaulters issued by the Reserve Bank of India. Note : 39 Details of transaction with struck of companies: During the year March 31,2023 , there are no transaction with Struck off Companies.

i) Debt Equity ratio = Total debts divided by Total Equity

Company is a debt free hence it is not applicable

j) Debt service coverage ratio= Earnings available for debt services dividend by total interest and principal repayments.

Company is a debt free hence it is not applicable

Note : 42 Approval of Financial Statement

Financial Statement were approved for issue by the Board of Directors at their Meeting held on May 29,2023.

Note : 43 The figures for the corresponding previous year have been regrouped/reclassified wherever necessary, to make them comparable.

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Mar 31, 2018

Note

The Company has availed the deemed cost exemption in relation to the property, plant and Equipment on the date of transitions and hence the net block carrying amount has been considered as the gross block carrying amount in that date. Refer below given deemed cost gross block value and accumulated depreciation on April 01,2016 under previous GAAP.

Note:

1) There is no change in Authorised , Issued, Subcribed and paid up share capital during the financial year

2) In the period of five years immediately preceding March 2018

The Company has alloted equity shares .i.e. Bonus share without payment being received in cash in the year 2016-17.

Aggregate number of bonus shares issued, share issued for consideration other than cash and share bought back during the period of 5 years immediately preceeding the reported date - Nil

3) Rights/Preference/Restriction attached to Equity Shares : The Group has only one class of Equity shares having par value of Rs 10. Each shareholder of equity shares is entitled to one vote per share. In the event of liquidation of the Company, the holder of equity shares will be entitled to receive the remaining assets of the company after distribution of all preferential allotment in proportion to their shareholding. The dividend whenever proposed by the Board of Directors is subject to the approval of the shareholders in the ensuing Annual General Meeting and in the case of interim dividend, it is ratified by the Shareholders at the AGM.

Nature and purpose of reseive

1) Capital Reserve : Capital reserve is comprised of profit & gain of capital in nature earned by the Company.

2) Securities Premium Reserve : Securities premium reserve is used to record the premium on issue of shares. The reserve is utilised in accordance with the provisions of the Companies Act.

3) Gerneral Reserve : General reserve forms part of the retained earnings and is permitted to be distributed to shareholders as part of dividend.

4) Remeasurements of the net defined benefit plans : Remeasurements of the net defined benefit Plans comprises actuarial gains and losses and return on plan assets (excluding interest income).

According to information available with the Management on the basis of intimation received from suppliers regarding their status under the Micro, Small and Medium Enterprises Development Act, 2006 (MSMED Act),the Company has amounts due to Micro and Small Enterprises under the said Act as follows:

Note- 27 - FIRST-TIME ADOPTION OF IND AS Transition to Ind AS

The Company has adopted Indian Accounting Standards (Ind AS) as notified by the Ministry of Corporate Affairs with effect from April 01, 2017 with a transition date of April 01, 2016. The adoption of Ind AS has been carried out in accordance with Ind AS 101, First-time Adoption of Indian Accounting Standards. Ind AS 101 requires that all Ind AS standards and interpretations that are issued and effective for the first Ind AS financial statements for the year ended March 31, 2018, be applied retrospectively and consistently for all financial years presented. However, in preparing these Ind AS financial statements, the Company has availed of certain exemptions and exceptions in accordance with Ind AS 101, as explained below. The resulting difference between the carrying values of the assets and liabilities in the financial statements as at the transition date under Ind AS and Previous GAAP have been recognised directly in equity (retained earnings or another appropriate category of equity).

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

A. Ind AS mandatory exceptions

1. Estimates

An entity''s estimates in accordance with Ind AS at the date of transition to Ind AS shall be consistent with estimates made for the same date in accordance with previous GAAP (after adjustments to reflect any difference in accounting policies).

Ind AS estimates as at April 01, 2016 are consistent with the estimates as at the same date made in conformity with previous GAAP. The Company made estimates for following items in accordance with Ind AS at the date of transition as these were not required under previous GAAP:

i) Investment in equity instruments carried at FVTPL or FVOCI;

ii) Impairment of financial assets based on expected credit loss model.

2. Classification and measurement of Financial Assets

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

3. Derecognition of Financial Assets and Financial Liabilities

The Company has elected to apply derecognition requirements for financial assets and financial liabilities in Ind AS 109 prospectively for transactions occurring on or after the date of transition to Ind AS.

4. Classification and measurement of Financial Assets

The Company has classified the financial assets in accordance with Ind AS 109 on the basis of facts and circumstances that exist at the date of transition to Ind AS.

B. Ind AS optional exemptions

1. Deemed cost

As per Ind As 101, all Property, Plant and Equipment are to be measured at their carrying value. The Company has elected to continue with the carrying value for all of its Property, Plant and Equipment, intangible assets recognised in the financial statements as the deemed cost at the date of transition to Ind AS, measured as per the IGAAP.

2. Investments in subsidiary

The Company present separate financial statement wherein Ind AS 27 requires it to measure its investment in subsidiaries and associate either at cost or in accordance with the Ind AS 109. The Company at first time adoption has measured such investment at cost in accordance with the Ind AS 27.

C. Transition to Ind AS - Reconciliations

The following reconciliations provide a quantification of the effect of significant differences arising from the transition from previous GAAP to Ind AS in accordance with Ind AS 101:

I. Reconciliation of Balance sheet as at April 1, 2016 and March 31, 2017

II. Reconciliation of Statement of Profit and Loss for the year ended March 31, 2017

III. Reconciliation of other Equity as at April 1, 2016 and March 31, 2017

D. Reconciliation between IGAAP and Ind AS:

Ind AS 101 requires an entity to reconcile equity, total comprehensive income for prior periods. The following table represent the reconciliation from IGAAP to Ind AS.

NOTES TO FIRST TIME ADOPTION 1: Proposed Dividend

Under the previous GAAP, dividend proposed by the Board of Directors after the balance sheet date but before the approval of the financial statements were considered as subsequent events. Accordingly, provision for proposed dividend including dividend distribution tax was recognised as liability. Under Ind AS, such dividends is recognised when the same is approved by the shareholders in the general meeting.

2: Remeasurements of post-employment benefit obligations

Under the previous GAAP, costs relating to post employment benefit obligations including actuarial gain/losses were recognised in Profit & Loss. Under Ind AS, actuarial gain/losses on the net defined benefit liability are recognised in other comprehensive income instead of Profit & Loss.

3: Security deposits

Under the previous GAAP, interest free lease security deposits (that are refundable in cash on completion of lease term) are recorded at transaction cost. Under Ind AS All financial assets are required to be recognised at fair value. Accordingly, the Company has fair valued the security deposits and the difference between the fair value and transaction value of the security deposit has been recognised as prepaid rent.

4 : Fair Valuation of Investments

Under previous GAAP, Current investments in mutual funds were carried at lower of cost or fair value. Under Ind AS, these investments are requiring to be measured either at, Fair Value Through OCI (FVTOCI) or Fair Value Through Profit & Loss (FVTPL). The Company has opted to fair value these investments through Profit & Loss (FVTPL). Accordingly, resulting fair value changes of these investments have been recognised in retained earnings as at the date of transition and subsequently in the profit & loss account for the year ended March 31 2018.

5 : Revenue Recognition

Under IGAAP, revenue is recognised net of trade discounts, sales taxes and excise duties. Under Ind AS, revenue is recognised at the fair value of the consideration received or receivable, after the deduction of any discounts, rebates and any taxes or duties collected on behalf of the government such as Goods and Service Tax, sales tax and value added tax except excise duty. Discounts given include rebates, price reductions and incentives given to distributors/ customers, cash discount, promotional couponing and trade communication costs which have been reclassified from cash and scheme expenses within other expenses under IGAAP and netted from revenue under Ind AS.

6 : Deferred taxes

Under previous GAAP, deferred taxes were recognised based on Profit & loss approach i.e. tax impact on difference between the accounting income and taxable income. Under Ind AS, deferred tax is recognised by following balance sheet approach i.e. tax impact on temporary difference between the carrying value of asset and liabilities in the books and their respective tax base.

7 : Loans

Under the previous GAAP, interest free loans are recorded at transaction cost. Under Ind AS All financial assets are required to be recognised at fair value. Accordingly, the Company has fair valued the loans and the difference between the fair value and transaction value of the loans has been recognised as interest.

Note 28: Financial Instruments

The financial instruments are categorized into three levels based on the inputs used to arrive at fair value measurements as described below: Level 1: Quoted prices (unadjusted) in active markets for identical assets or liabilities;

Level 2: Inputs other than the quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly; and Level 3: Inputs based on unobservable market data Valuation Methodology

All financial instruments are initially recognized and subsequently re-measured affair value as described below:

a) The fair value of investment in in Mutual Funds is measured at quoted price or NAV

b) All foreign currency denominated assets and liabilities are translated using exchange rate at reporting date.

c) The fair value of the remaining financial instruments is determined using discounted cash flow analysis.

Note - 30: RISK MANAGEMENT

Financial Risk Management - Objectives and Policies

The Company''s activities expose it to a variety of financial risks. The Company''s primary focus is to foresee the unpredictability and seek to minimize potential adverse effect on its financial performance.

The Company has also constituted a Risk Management Committee which is responsible for monitoring the Company''s risk management policies which are established to identify and analyse the risks faced by the Company. The Committee periodically review the changes in the market condition and reflect the changes in the policies accordingly.

The key risks and mitigating actions are also placed before the Audit Committee of the Company. The Audit Committee oversees how Management monitors compliance with the Company''s Risk Management policies and procedures, and reviews the adequacy of the risk management framework in relation to the risks faced by the Company.

A) Credit Risk :

Credit risk is the risk that a customer or counterparty to a financial instrument fails to perform or pay the amounts due causing financial loss to the Company. Credit risk arises from Company''s activities in investments and outstanding receivables from customers.

In respect of its investments, the Company aims to minimize its financial credit risk through the application of risk management policies. The Company''s exposure to credit risk is influenced mainly by the individual characteristics of each customer in which it operates. Credit risk is managed through credit approvals, establishing credit limits and continuously monitoring the creditworthiness of the customers, to whom the Company grants credit in accordance with the terms and conditions and in ordinary course of its business.

The Risk Management Committee has established a credit policy under which each new customer is analysed individually for creditworthiness, before the Company''s standard payment and delivery terms and conditions are offered. Further for domestic sales, the Company segments its customers into Distributors and Others, for credit monitoring.

The Company maintains security deposits for sales made to its distributors. For other trade receivables, the Company individually monitors the sanctioned credit limits as against the outstanding balances. Accordingly, the Company makes specific provisions against such trade receivables wherever required and monitors the same at periodic intervals.

The Company monitors each loan and advance given and makes any specific provision, as and when required.

The Company establishes an allowance for impairment that represents its estimate of expected losses in respect of trade receivables and loans and advances

B) Liquidity Risk

Liquidity risk arises from the Company''s inability to meet its cash flow commitments on time. Prudent liquidity risk management implies maintaining sufficient cash and marketable securities and the availability of funding through an adequate amount of committed credit facilities to meet obligations when due and to close out market positions. In addition, processes and policies related to such risk are overseen by the senior management. Management monitors the Company''s net liquidity position through rolling forecasts on the basis of expected cash flows.

The Company''s approach to managing liquidity is to ensure, as far as possible, that it will have sufficient liquidity to meet its liabilities when they are due, under both normal and stressed conditions, without incurring unacceptable losses or risking damage to the Company''s reputation.

As of March 31, 2018, March 31, 2017 and April 01, 2016 the Company had unutilized credit limits from banks of Rs 717.44 lacs, Rs 267.00 lacs and Rs 596.35 lacs respectively.

The current ratio of the Company as at March 31, 2018 is 8.26 (as at March 31, 2017 is 5.62, as at April 01, 2016 is 5.46) whereas the liquid ratio of the Company as at March 31, 2018 is 4.12 (as at March 31, 2017 is 3.23, as at April 01, 2016 is 3.04)

Contractual Maturity profile of financial liabilities

The company''s liquidity is managed centrally with operating units forecasting their cash and liquidity requirements. Treasury pools the cash surpluses from across the different operating units and then arranges to either fund the net deficit or invest the net surplus in the market.

The following are the remaining contractual maturities of financial liabilities at the reporting date. The amounts are gross and undiscounted, and include estimated interest payments and exclude the impact of netting agreements

C) Market Risk- Interest Rate Risk ('' in lacs)

Interest rate risk can be either fair value interest rate risk or cash flow interest rate risk. Fair value interest rate risk is the risk of changes in fair values of fixed interest bearing investments because of fluctuations in the interest rates. Cash flow interest rate risk is the risk that the future cash flows of floating interest bearing investments will fluctuate because of fluctuations in the interest rates.

D) MARKET RISK- FOREIGN CURRENCY RISK

The Company operates internationally and a portion of the business is transacted in several currencies. Consequently, the Company is exposed to foreign exchange risk through its sales and services in overseas and purchases from overseas suppliers in various foreign currencies. Exports of the Company are significantly lower in comparison to its imports. The following table shows foreign currency exposures in USD and EUR on financial instruments at the end of the reporting period. The exposure to foreign currency for all other currencies are not material.

E) Market Risk- Price Risk

Price risk Mutual fund Net Asset Values ( NAVs) are impacted by a number of factors like interest rate risk, credit risk, liquidity risk , market risk in addition to other factors. A movement of 1% in NAV on either side can lead to a gain/loss of Rs, 24.13 Lacs as on March 31, 2018 and Rs, Nil Crore as at March 31, 2017.

F) Commodity Risk

The Company''s principle raw materials are variety of plastic polymers which are primarily Derivatives of Crude Oil. Company sources its raw material requirement from across the globe. Domestic market prices generally remains in sync with the international market prices. Volatility in Crude Oil prices, Currency fluctuation of Rupee vis-a-vis other prominent currencies coupled with demand-supply scenario in the world market, affect the effective price and availability of polymers for the Company. Company effectively manages availability of

material as well as price volatility by expanding its source base, having appropriate contracts and commitments in place and planning its procurement and inventory strategy. Risk committee of the Company comprising of members from the Board of Directors and the operations, have developed and enacted a risk management strategy regarding Commodity Price risk and its mitigation.

Note 8 : Capital Management

The Company''s capital management is driven by the Company''s policy to maintain a sound capital base to support the continuous development of its business. The Board of Directors seeks to maintain a prudent balance between different components of the Company''s capital. The Management monitors the capital structure and the net financial debt at individual currency level. Net financial debt is defined as current and non-current financial liabilities less cash and cash equivalents and short term investments.

2) Defined Benefit Plan :

The Company provides the Group Gratuity Scheme under defined benefit plans for qualifying employees. The gratuity is payable to all eligible employee on retirement , subject to completion of five years of the continuous employee, death or termination of employee that is based on last drawn salary and tenure of employment. Liabilities in gratuity plan are determined by actuarial valuation on the balance sheet date and the Company make the annual contribution to the gratuity fund which is administered by the life Insurance Companies under their respective Group Gratuity Scheme.

The disclosure in respect of the defined Gratuity Plan are given Below

h) Sensitivity Analysis

Significant acturial assumptions for the determination of the defined benefit obligation are discount trade , expected salary increase and employee turnover. The sensitivity analysis below, have been determined based on reasonable possible changes of assumptions occurring at the end the of reporting period, while holding all other assumptions consant. These plans typically expose the Company to actuarial risks such as: investment risk, interest risk, longevity risk and salary risk. Investment risk The present value of the defined benefit plan liability is calculated using a discount rate which is determined by reference to market yields at the end of the reporting period on government bonds. Interest risk A decrease in the bond interest rate will increase the plan liability; however, this will be partially offset by an increase in the return on the plan debt investments. Longevity risk The present value of the defined benefit plan liability is calculated by reference to the best estimate of the mortality of plan participants both during and after their employment. An increase in the life expectancy of the plan participants will increase the plan''s liability. Salary risk The present value of the defined plan liability is calculated by reference to the future salaries of plan participants. As such, an increase in the salary of the plan participants will increase the plan''s liability. The result of sensitivity is given below:

1) The Excise and Service Tax, Sales Tax demand are being based on the interpretation of law & rule, Management has been taken opinion by the counsel that many issue raised by the revenue will not tenable and covered by judgement .

2) Further cash flow in respect of these are determinable only on receipt of Judgement or decision pending with various forums or authorise.

Note 38 : Corporate Social Responsibility (CSR)

1) CSR amount required to be spent as per Section 135 of the Companies Act, 2013 read with Schedule VII thereby the company during the year is ''127.40 Lacs (Previous Year 105.56 Lacs)

2) Amount spent during the year on

The Investment in subsidiary company have been accounted at cost in the Standalone Financial Statement Note 40 : Segment

In accordance with IND AS 108 Operating Segment, Segment information has been given in the the consolidated financial statement of Wimplast Limited and therefore no separate disclosure on segment information is given in these financial statements.

Note 9 : Related Parties Disclosure

Name of the entities in which the Directors Mr.Ghisulal D Rathod, Mr. Pradeep G. Rathod, and Mr. Pankaj G. Rathod are Interested.

Note 10 : Events occuring after reporting period Proposed Dividend

The Board of Directors at its meeting held on May 29,2018 have recommended a final dividend of Rs, 7/- per equity share of face value of Rs, 10/- for the financial year ended March 31, 2018. The amount to Rs, 840.24 Lacs excluding dividend distribution tax of Rs, 171.05 Lacs. Same is subject to approval at the ensuing Annual General Meeting of the Company and hence it is not recognised as liability.

Note 11 : Approval of Financial Statement

Financial Statements are approved by Board of Directors at their Meeting held on May 29, 2018.

Note 12 : The previous year figures are regrouped/ recasted, wherever it is necessary.

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Mar 31, 2017

Operating Lease charged to Profit & Loss Account for the financial year is '' 461.97/- Lacs (previous year '' 379.75 Lacs )

Note :

The company has allotted 6001680 fully paid Bonus Equity Shares of ''10/- each on September 14,2016 in the proportion of one Bonus share for every one fully paid up capital .

As the result of bonus issue no of share of the company increased to 12003360 from 6001680 and consequent to the above increase in paid up capital, Earning per share has been restated for the prior period for proper comparison.

(1) Segment Reporting

The Company is dealing with Plastic Moulded Furniture, Air coolers and Manufacturing of Mould during the year and there is only reportable segment .i.e. Plastic Moulded Furniture.

(2) The Figures of the previous year have been regrouped/recanted, wherever necessary.

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Mar 31, 2016

The above information has been complied to extent such parties have been identified on the basis of information available with the Company: (8) Disclosure of Operating Lease

The Company has availed Operating Lease for its Factory Unit and Depots. These Leases are renewable on periodic basis, and cancellable at its option. The Company has not entered into sublease agreements in respect of these Leases. Lease Rental Expenses for Operating Lease charged to Profit & Loss Account for the financial year is Rs, 379.75 Lacs /- (previous year Rs, 348.89 Lacs )_

(1) Segment Reporting

The Company has only one reportable segment i.e. Plastic Molded and Extruded Articles.

(2) The Figures of the previous year have been regrouped/recanted, wherever necessary.

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Mar 31, 2015

1. Company Overview:

The company is carrying the manufacturing activity of Plastic Moulded Furniture, Plastic Extrusion Sheets, Moulds and Air Coolers having the manufacturing units at Daman, Baddi, Chennai, Haridwar and Kolkata and Corporate Office in Mumbai.

2. Contingent Liabilities not provided for :

2014-15 2013-14

(a) Outstanding Bank Guarantees 308.85 300.97

(b) Liabilities in respect of:

(i) Excise Duty 2.67 79.46

(ii) Custom Duty 17.75 17.75

(c) Export Obligation under EPCG Scheme - 52.00

(d) Estimated amount of capital contracts remaining to be executed on capital account 404.58 432.83 and not provided [Net of Advances RS. 200.20 Lacs p.y. RS. 120.74Lacs)

3. Operating Lease

The Company has availed Operating Lease for its Factory Unit and Depots. These Leases are renewable on periodic basis, and cancellable at its option. The Company has not entered into sublease agreements in respect of these Leases. Lease Rental Expenses for Operating Lease charged to Profit & Loss Account for the financial year is RS. 348.89 Lacs /- (previous year RS. 313.42 Lacs )

4. Related Party Disclosures

Name of the entities in which the Directors Mr. Ghisulal D. Rathod, Mr. Pradeep G. Rathod and Mr. Pankaj G. Rathod are Interested.

Name of the Related Entities Nature of Relationship

Cello Writing Instruments & Containers Above Directos are Pvt Ltd. Interested as Director Members, Partners and Proprietors as applicable .

Cello Household Appliances Pvt. Ltd. -do-

Cello Pens & Stationary Pvt. Ltd. -do-

Cello Pens Pvt. Ltd. -do-

Cello International Pvt. Ltd. -do-

Cello Plastic Product Pvt Ltd. -do-

Cello Stationary Product Pvt. Ltd. -do-

Pentek Pen & Stationary Pvt. Ltd. -do-

Cello Plast. -do-

Cello Plastotech. -do-

Cello World. -do-

Cello Home Products. -do-

Cello Houseware -do-

Cello Millenium Houseware. -do-

Cello Industries. -do-

Cello Oral Hygiene Product. -do-

Cello Plastic Industrial Works. -do-

Cello Household Products -do-

Cello Marketing -do-

Cello Writing Aids Pvt. Ltd. -do-

Sunkist Moulders Pvt. Ltd. -do-

Vardhman Realtors -do-

Pradeep G. Rathod Key Managerial Personnel

The above related entities being in the same Group are the persons acting in concert as per the SEBI (Substantial Acquisition and Takeover Regulations), 2011 and the amendments thereto the Regulations.

5. Segment Reporting

The Company deals In one Reportable Segment i.e. Plastic Moulded and Extruded Articles.

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Mar 31, 2014

(1) Contingent Liabilities not provided for :

2013-14 2012-13

(a) Outstanding Bank Guarantees 300.97 270.21

b) Liabilities in respect of:

(i) Excise Duty 79.46 79.46

(ii) Custom Duty 17.75 17.75

(c) Export Obligation under EPCG Scheme 52.00 52.00

(d) Estimated amount of capital contracts remaining to be executed on capital account and not provided {Net of Advances Rs. 200.20 Lacs previous year Rs. 120.74 Lacs) 432.83 322.53

(2) Operating Lease

The Company has availed Operating Lease for its Factory Unit and Depots. These Leases are renewable on periodic basis, and cancellable at its option. The Company has not entered into sublease agreements in respect of these Leases. Lease Rental Expenses for Operating Lease charged to Profit & Loss Account for the financial year is Rs. 313.42 Lacs /- (previous year Rs. 112.59 Lacs )

(3) Segment Reporting

The Company deals in one Segment i.e. Plastic Moulded and Extruded Articles.

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Mar 31, 2013

1. COMPANY OVERVIEW:

The Company is carrying the manufacturing activity of Plastic Moulded Furniture and Extrusion Sheets having the manufacturing units at Daman, Baddi, Chennai, Haridwar and Kolkata and Corporate Office in Mumbai.

(2) Contingent Liabilities not provided for:

2012-13 2011-12

(a) Outstanding Letters of Credit 77.87

(b) Outstanding Bank Guarantees 270.21 201.99

(c) Liabilities in respect of:

(i) Excise Duty 79.46 0.92

(ii) Service Tax 3.40

(iii) Sales Tax 10.56

(iv) Custom Duty 17.75 17.75

(v) Value Added Tax 8.60

(d) Export Obligation under EPCG Scheme 15.68 15.68

(e) Estimated amount of capital contracts remaining to be executed on 322.53 116.67 capital account and not provided {Net of Advances Rs. 120.74 Lacs

(3) Operating Lease

Company has availed Operating Lease for its Factory Units and Depots. These Leases are renewed on periodic basis, and cancellable at its option. The Company has not entered into sub lease arrangements in respect of these lease. Lease Rental expenses for Operating Lease are charged to Profit and Loss Statement for the financial year 112.59 Lacs (Previous Year * 78.09 Lacs)

(4) Segment Reporting

The Company Deals in one Segment .i.e.Plastic and extruded articles.

(5) The Figures of previous year have been regrouped / recasted, wherever necessary

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Mar 31, 2012

(1)

Sr.No. 2011-12 2010-11

(1) Contingent Liabilities not provided for :

[a] Outstanding letters of credit 77.87 30.41

[b] Guarantees issued by Company'sBankers 201.99 148.08 in favour of various Central & State Government Departments & Local Bodies.

[c] Contingent liability in respect of :

1) Excise Duty 0.92 0.92

2) Service Tax 3.40 3.40

3) Sales Tax 10.56 10.56

4) Custom Duty 17.75 17.75

4) Value Added Tax 8.60

[d] Export Obligation under EPGC 15.68 418.66

(2) Estimated amount of capital contracts remaining to be executed on capital account and not provided {Net of 116.67 588.09 Advances Rs. 52.88 Lacs(Pr.Yr Rs. 341.09 Lacs ) }

2. Disclosure of Operating lease

The Company has availed Operating Lease for its Factory Unit and Depots. These Leases are renewable on periodic basis, and cancellable at its option. The Company has not entered into sublease agreements in respect of these Leases. Rental Expenses for Operating Lease charged to Profit & Loss Account for the financial year is Rs. 78.09 lacs (previous year Rs. 54.22 lacs)

3. Segment Reporting

The company deals in one segment .ie. Plastic moulded and extruded articles.

4. The Revised Schedule VI has become effective from 1 April, 2011 for the preparation of financial statements.This has significantly impacted the disclosure and presentation made in the financial statements.Previous year's figures have been regrouped / reclassified wherever necessary to correspond with the current year's classification / disclosure.

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Mar 31, 2011

(Rs in Lacs) 2010-11 2009-10

1) CONTINGENT LIABILITIES :

[a] Outstanding letters of credit 30.41 - 56.31 -

[b] Guarantees issued by Company's Bankers 148.08 - 162.75 -

[c] Contingent liability in respect of :

1) Excise Duty 0.92 - 0.92 -

2) Service Tax 3.40 - 3.40 -

3) Sales Tax 10.56 - - -

4) Custom Duty 17.75 - - -

[d] Import Duty Obligation under EPGC Scheme 418.66 629.78 418.66 642.04

2 ] Related Party Disclosures (As identified by the Management) (A) Particulars of Associate Entities

Sr. Name of the Party Nature of Relationship No.

1 Cello Writing Inst & Cont. Pvt. Ltd. Associated Company

2 Cello Household Appliances Pvt. Ltd. -do-

3 Cello Pens And Stationery Pvt. Ltd. -do-

4 Cello Pens Pvt. Ltd. -do-

5 Cello International Pvt. Ltd. -do-

6 Sunkist Moulders Pvt. Ltd. -do-

7 Health And Beauty Care Pvt. Ltd. -do-

8 Cello Plastic Products Pvt. Ltd. -do-

9 Cello Stationery Products Pvt. Ltd. -do-

10 Cello Tips And Pens Pvt. Ltd. -do-

11 Pentek Pen And Stationery Pvt. Ltd. -do-

12 Cello Infrastructure Ltd. -do-

13 Cello Writing Aids Pvt. Ltd. -do-

14 Cello Sales & Marketing Pvt. Ltd. -do-

15 R & T Houseware Pvt. Ltd. -do-

16 Cello Sales & Marketing Pvt. Ltd. -do-

17 Mulisha Chemical Works Pvt. Ltd. -do-

18 Mgee Marketing Services Pvt. Ltd. -do-

19 Puroma Pvt. Ltd. -do-

20 Mul Health Care Products Pvt. Ltd. -do- 21 Mul Dentpro Pvt. Ltd. -do-

22 Valley View Farms & Estate Pvt. Ltd. -do-

23 Cute Personal Products Pvt. Ltd. -do-

24 Drexel Pharma Pvt. Ltd. -do-

25 Ferromatik Milacron India Pvt. Ltd. -do-

26 Cello Plast Associated Concern Associated Concern

27 Cello Plastotech -do-

28 Cello Heights -do-

29 Cello Industries -do-

30 Cello Sales & Marketing -do-

31 Cello World -do-

32 Cello Home Products -do-

33 Cello Houseware -do-

34 Cello Oral Hygiene Products -do-

35 Cello Plastic Industrial Works -do-

36 Cello Paper Products -do-

37 Prmine Health Care Products -do-

38 Ghisulal D. Rathod Key Management Person- nel

39 Pradeep G. Rathod Key Management Person- nel

40 Pankaj G. Rathod Key Management Person- nel

41 Gaurav P. Rathod Relative of KMP

42 Pampuben G. Rathod -do-

43 Sangeeta P. Rathod -do-

44 Babita P. Rathod -do-

45 Karishma P. Rathod -do-

46 Sneha P. Rathod -do-

The above disclosures has been made, inter alia, for the purpose of consideration of Group for transfer of shares under Regulation 3(1) (e) of the SEBI (Substantial Acquisition of Shares and Takeover) Regulations, 1997.

3) Segment Reporting

The company deals in one segment i.e. Plastic moulded and extruded articles.

4) The previous year's figures have been regrouped, rearranged and recasted wherever necessary.

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Mar 31, 2010

(Rupees in Lacs)

Particulars 2009-2010 2008-2009

(1) Contingent Liabilities not provided for :

[ a ] Outstanding letters of credit 56.31 115.68

[ b ] Guarantees issued by Companys Bankers in favour of 162.75 162.75 Central & State Government and other Statutory Authorities

[ c ] Contingent liability in respect of :

1) Income Tax Matters. - 4.44

2) Sales Tax Matters. 0.92 -

3) Service Tax 3.40 -

[ d ] Export Duty Saved under EPCG Scheme 418.66 642.04 418.66 701.53

The above information has been complied to extent such parties have been identified on the basis of information available with the Company.

2) RELATED PARTY DISCLOSURE ( As dentified by the Management ) (A) Particulars of subsidary/Associate Companies

Sr. No. Name of the Related Parties Nature of Relationship

1) Cello Writing Instruments And Containers Pvt Ltd. Associate Company

2) Cello Household Appliances Pvt Ltd. - do - - 3) Cello Pens And Stationary Pvt Ltd. - do -

4) Cello Pens Pvt Ltd. - do -

5) Cello International Pvt. Ltd. - do -

6) Sunkist Moulders Pvt Ltd. - do -

7) Health & Beauty Care Pvt. Ltd - do -

8) Cello Plastic Products Pvt Ltd. - do -

9) Cello Stationary Products Pvt. Ltd. - do -

10) Cello Tips And Pens Pvt. Ltd. - do -

11) Pentek Pen And Stationary Pvt. Ltd. - do -

12) Cello Capital Pvt. Ltd. - do -

13) Cello Infrastructure Ltd. - do -

14) Cello Writing Aids Pvt. Ltd. - do -

15) Mulisha Chemical Works Pvt. Ltd. - do -

16) Mgee Marketing Services Pvt. Ltd. - do -

17) Puroma Pvt. Ltd. - do -

18) Cello Plast Associate Concern

19) Cello Plastotech - do -

20) Cello Sales & Marketing - do -

21) Cello World - do -

22) Cello Home Products - do -

23) Cello Houseware - do -

24) Millenium Houseware - do - 25) Cello Oral Hygiene Products - do - 26) Cello Plastic Industrial Works - do -

27) Ghisulal D. Rathod Key Management Personnel

28) Pradeep G. Rathod Key Management Personnel

The above disclosure has been made, inter alia, for the purpose of Regulation 3 (1) (e) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeover) Regulations, 1997

3) Segment Reporting

The company deals in one segment .ie. Plastic moulded and extruded articles.

4) The previous years figure have been regrouped, rearranged and recasted wherever necessary.