(f) Provisions (other than employee benefits), Contingent Liabilities and Contingent Assets

A provision is recognized when the Company has a present legal obligation as a result of past event and it is
probable that an outflow of resources will be required to settle the obligation, in respect of which reliable
estimate can be made. Provisions are determined based on best estimate required to settle the obligation at the
Balance Sheet date. These are reviewed at each Balance Sheet date and adjusted to reflect the Current best
estimates.

Contingent liabilities are not recognized but are disclosed in the notes to the Financial Statements. A contingent
asset is neither recognized nor disclosed if inflow of economic benefit is probable.

(g) Revenue Recognition

1. Sale of goods:

Revenue from the sale of goods in the course of ordinary activities is measured at the fair value of the
consideration received or receivable, net of returns, trade discounts and volume rebates. This inter alia
involves discounting of the consideration due to the present value if payment extends beyond normal
credit terms.Revenue is recognized when the significant risks and rewards of ownership have been
transferred to the buyer, recovery of the consideration is probable, the associated costs and possible
return of goods can be estimated reliably, there is no continuing effective control over, or managerial
involvement with, the goods, and the amount of revenue can be measured reliably.

The timing of transfers of risks and rewards varies depending on the individual terms of sale. For sale of
Chemical and Nutrition products, usually such transfer occurs when the product is received at the customer's
warehouse. Generally, for such products buyer has no right to return.

2. Rendering of services:

Revenue from services rendered is recognized in profit or loss in proportion to the stage of completion of
the transaction at the reporting date. The stage of completion is assessed by reference to surveys of work
performed. Under this method, revenue is recognized in the accounting periods in which the services are
rendered.

(h) Recognition of dividend income, interest income

Dividend on Financial Instruments is recognized as and when realized. Interest is recognized on accrual basis.

(i) Income tax

Income tax comprises current and deferred tax. It is recognized in profit or loss except to the extent that it relates
to a business combination or to an item recognized directly in equity or in other comprehensive income.

1. Current tax

Current tax comprises the expected tax payable or receivable on the taxable income or loss for the year
and any adjustment to the tax payable or receivable in respect of previous years. The amount of current
tax reflects the best estimate of the tax amount expected to be paid or received after considering the
uncertainty, if any, related to income taxes. It is measured using tax rates (and tax laws) enacted or
substantively enacted by the reporting date.

Current tax assets and current tax liabilities are offset only if there is a legally enforceable right to set off
the recognized amounts, and it is intended to realize the asset and settle the liability on a net basis or
simultaneously.

2. Deferred tax

Deferred tax is recognized in respect of temporary differences between the carrying amounts of assets and
liabilities for financial reporting purposes and the corresponding amounts used for taxation purposes.
Deferred tax is also recognized in respect of carried forward tax losses and tax credits.

Deferred tax assets are recognized to the extent that it is probable that future taxable profits will be
available against which they can be used. Therefore, in case of a history of recent losses, the Company
recognizes a deferred tax asset only to the extent that it has sufficient taxable temporary differences or
there is convincing other evidence that sufficient taxable profit will be available against which such deferred
tax asset can be realized. Deferred tax assets - unrecognized or recognized, are reviewed at each reporting
date and are recognized/ reduced to the extent that it is probable/ no longer probable respectively that
the related tax benefit will be realized.

Deferred tax is measured at the tax rates that are expected to apply to the period when the asset is
realized or the liability is settled, based on the laws that have been enacted or substantively enacted by
the reporting date.

The measurement of deferred tax reflects the tax consequences that would follow from the way the
Company expects, at the reporting date, to recover or settle the carrying amount of its assets and liabilities.

Deferred tax assets or liabilities are offset if there is a legally enforceable right to offset current tax
liabilities and assets, and they relate to income taxes levied by the same tax authority on the same taxable

entity, or on different taxable entities, but they intend to settle current tax liabilities and assets on net
basis or their tax assists and liabilities will be realized simultaneously.

(j) Cash and Cash Equivalents

Cash and Cash equivalents include cash and cheques in hand, bank balances, demand deposits with banks and
other 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 where original maturity is three months or less.

(k) Borrowing cost

Borrowing cost are interest and other costs incurred in connection with the borrowing of funds. Borrowing costs
directly attributable to acquisition or construction of asset which necessarily take a substantial period of time to
get ready for their intended use are capitalized as part of cost of asset. Other borrowing costs are recognized as
an expense in the period in which they are incurred.

(l) Earnings per share

Basic earnings per share is calculated by dividing the net profit after tax for the year attributable to Equity
Shareholders of the Company by the weighted average number of Equity Shares outstanding during the year.

Diluted earnings per Share is calculated by dividing net profit attributable to equity Shareholders (after adjustment
for diluted earnings) by average number of weighted equity shares outstanding during the year plus potential
equity shares.

(m) Cash Flow Statement

Cash flows are reported using the indirect method whereby 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.

(n) Commitments and contingencies

In the ordinary course of business, the Company faces claims and assertions by various parties. The Company
assesses such claims and assertions and monitors the legal environment on an ongoing basis, with the assistance
of external legal counsel, wherever necessary. The Company records a liability for any claims where a potential
loss is probable and capable of being estimated and discloses such matters in its financial statements, if material.
For potential losses that are considered possible, but not probable, the Company provides disclosure in the
financial statements but does not record a liability in its accounts unless the loss becomes probable.

The following is a description of claims and assertions where a potential loss is possible, but not probable. The
Companybelieves that none of the contingencies described below would have a material adverse effect on the
Company'sfinancial condition, results of operations or cash flows.

* The Company has not received information from the Suppliers regarding their status under The Micro, Small and
Medium Enterprises Development Act, 2006. Hence, disclosures, if any relating to amounts unpaid as at the balance
sheet date together with interest paid or payable as per the requirement under the said Act, have not been made.

* The company has not entered in to any transaction with companies struck off under section 248 of the Companies
Act, 2013.

(A) Financial Risk Management Objectives and Policies:

The Company's principal financial liabilities, comprise loans and borrowings and trade and other payables. The
main purpose of these financial liabilities is to finance the Company's operations. The Company's principal financial
assets include trade and other receivables and cash and cash equivalents that derive directly from its operations.
The Company is exposed to market risk, credit risk and liquidity risk. The Company's senior management oversees
the management of these risks and ensures that Company's financial risks are identified, measured and governed
in accordance with the Company's policies and risk objectives. The Board of Directors reviews and agrees policies
for managing each of these risks which are summarized below.

(i) Market Risk:

Market risk is the risk that the fair value of future cash flows of a financial instrument will fluctuate because
of changes in market prices. Market risk that affects the Company comprises of one element: Interest rate risk.
Financial instruments affected by market risk include loans, borrowings and deposits.

Interest Rate Risk:

Interest rate risk is the risk that the fair value or future cash flows of a financial instrument will fluctuate
because of changes in market interest rates. The Company's exposure to the risk of changes in market interest
rates relates primarily to short term debt obligations with fixed interest rates.

(ii) Credit Risk:

Credit risk is the risk that counterparty will not meet its obligations under a financial instrument or customer
contract leading to a financial loss. The Company is exposed to credit risk from its operating activities and from
its financing activities including deposits with banks and other financial instruments.

Trade Receivables:

Customer credit risk is managed by the Company's policy, procedures and control relating to customer credit
risk management. Credit quality of a customer is assessed based on an extensive credit rating and individual
credit limits are defined in accordance with this assessment. Outstanding customer receivables are regularly
monitored. The maximum exposure to credit risk at the reporting date is the carrying value of each class of
financial asset disclosed in respective note. The Company does not hold collateral as security.

Notes to the Financial Statements as at March 31, 2025

Note - 29 - Contd.....:

Cash deposits:

Credit risk from balances with banks is managed by the Company in accordance with its policies. These policies
are set to minimize concentration of risks and therefore mitigate financial loss through counterparty's potential
failure to make payments.

(iii) Liquidity Risk:

The Company manages its liquidity risk by using liquidity planning and balancing funds requirement vis a vis
funds available. Various lines of credit available are used to optimize funding cost and ensuring that adequate
funds are available for business operations.

(B) Capital Risk Management:

The Company's policy is to maintain a strong capital base so as to maintain investor, creditor and market confidence
and to sustain future development of the business. Management monitors the return on capital as well as the level
of dividends to equity shareholders.

The Company monitors capital using a ratio of adjusted net debt to equity. For this purpose, adjusted net debt is
defined as total liabilities, comprising interest-bearing loans and borrowings and obligations under finance leases,
less cash and cash equivalents. Equity comprises all components of equity.

Additonal Disclosure (Other than IND AS Disclosure)

a. there were no transactions that were not recorded in books of accounts and have been surrendered or disclosed
as income during the year in the tax assessments under the Income Tax Act, 1961.

b. the Company does not have any Benami property, where any proceeding has been initiated or pending against the
Company for holding any Benami property.

c. during the year under consideration the company has not traded or invested in crypto currency or vitual currency.

d. there are no charges or statisfaction of charges pending to be registered with registrar of companies beyond the
statutory period.

e. The company has been not declared as willful defaulter by Reserve Bank of India till 31.03.2025

f. the Company has not advanced or loaned or invested funds to any person(s) or entity(is), including foreign entities
(Intermediaries) with the understanding that the Intermediary shall: (a) directly or indirectly lend or invest in other
persons or entities identified in any manner whatsoever by or on behalf of the company (Ultimate Beneficiaries)
or (b) provide any guarantee, security or the like to or on behalf of the Ultimate Beneficiaries.

g. the Company has not received any fund from any person(s) or entity(is), including foreign entities (Funding Party)
with the understanding (whether recorded in writing or otherwise) that the Company shall: (a) directly or indirectly
lend or invest in other persons or entities identified in any manner whatsoever by or on behalf of the Funding Party
(Ultimate Beneficiaries) or (b) provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries.

h. The Company has complied with the no. of layers prescribed under clause (87) of Section 2 of the Act read with
Copmpanies (Restriction on no. of layers) Rules, 2017.

i. the borrowings from the banks has been used for the specific purpose for which it was taken at the balance sheet
date.

j. the Company is not covered under the provisions of Corporate Social Responsibility (CSR).

k. borrowing cost attributable to the acquistion or construction of Qualifying Assets amounting to Rs. Nil (Previous
Year Rs. Nil) is capitalized by the company.

Note - 31:

Dividends declared by the Company are based on the profit available for distribution. On May 28, 2025, the Board of
Directors of the Company have proposed a final dividend of INR 1.00 per share in respect of the year ended March 31,
2025 subject to the approval of shareholders at the Annual General Meeting, and if approved, would result in a cash
outflow of approximately INR 3000.00 thousands.

Note - 32:

Previous Year's figures have been regrouped / reclassified wherever necessary to confirm to current year presentation.
As per our report of even date attached.

For Samir M Shah & Associates For and on behalf of the Board of Directors,

Chartered Accountants
Firm Regn No. 122377W

SD/- SD/- SD/- SD/-

Samir Shah Khyati Vyas Dipak Patel Jignesh Shah

Partner Company Secretary Managing Director Director

Membership No. 111052 & CFO (ACS 25742) (DIN-02052080) (DIN-02786683)

Place: Ahmedabad Place: Ahmedabad

Date: May 28, 2025 Date: May 28, 2025