N. Contingent Liability, Provisions and Contingent Asset

Provisions involving substantial degree of estimation in measurement are recognized when there is a
present obligation as a result of past events and it is probable that there will be an outflow of resources.
Contingent Liabilities are not recognized but are disclosed in the notes.

O. IPO Expenses

Treatment of Initial Public Offering (IPO) Expenses

The Company Has Made an Initial Public Offer, The Issue Opening Date Was May 30, 2024 and The
Issue Closing Date Was June 3, 2024. The Company Got Listed on BSE SME Platform During the
Financial Year 2024-25 W.E.F June 6, 2024, the Company also incurred expenses related to its Initial
Public Offering (IPO). The treatment of these IPO expenses is as follows:

Classification of IPO Expenses: IPO expenses include fees paid to underwriters, legal advisors,
auditors, regulatory bodies, printing and distribution costs, advertising and marketing expenses, and
other related costs.

Accounting Treatment: In accordance with applicable accounting standards and regulations, IPO
expenses have been accounted for as follows:

• Directly Attributable Costs: Expenses that are directly attributable to the issuance of new
shares, such as underwriting fees, legal fees, and regulatory filing fees, have been transferred to
the reserves.

• Other IPO-related Expenses: Expenses that are not directly attributable to the issuance of new
shares, such as general advertising and promotional costs, have been charged to the profit and
loss account as incurred.

Disclosure: The total IPO expenses incurred during the year has been transferred to reserves

P. Previous Year Figure

The Company has reclassified, rearranged previous Year's figures wherever required to confirm with
current year's classification and figure are nearest to rupee.

Q. Confirmation of balance

In some cases, Confirmation of balance due from sundry Debtors, Advances and Sundry Creditors,
advance received etc. are not available and the same have been taken as per books

R. Related Party Disclosures:

Related Party disclosure as identified by the management in accordance with the Accounting Standard-
18 issued by the Institute of Chartered Accountants of India. Refer Note 21 of the Financial statements.
ASSOCIATED COATERS LIMITED
CIN-L28129WB2017PLC224001

S. Earnings Per Share

Basic Earnings per Share is calculated by dividing the net profit/loss for the period attributable to
shareholders by the weighted average number of equity shares outstanding during the year.

For the purpose of calculating of diluted earnings per share, the net profit or loss for the period
attributable to equity shareholders and the weighted average number of equity shares outstanding
during the period are adjusted for the effects for all dilutive potential equity shares.

As per our Report of the even date
For JMP Associates
Chartered Accountants
FRN -324235E

For and Behalf of the Board
ASSOCIATED COATERS LIMITED

SD/- SD/- SD/-

CA Manish Gadia Jagjit Singh Dhillon Harbajan Singh Thethi

Partner CFO & Managing Director Chairman &Director

Membership No. 059677 DIN-07980441 DIN-10416459

Place:- Kolkata

Date-

SD/-

Heenal Hitesh Rathod
Company Secretary