Notes: Nature and purpose of reserve

(i) Securities Premium Account

Securities premium is used to record the premium received on issue of shares. It is used in accordance with the provisions of the Companies Act, 2013

(ii) Retained earnings

Retained earnings are the profits that the Company has earned till date, less any transfers to general reserve, payment of dividends, etc.

(iii) Equity Instruments through Other Comprehensive Income

This represents cumulative gams / (losses! arising on the measurement of equity shares (other than subsidiaries and associate) at fair value through other comprehensive Income.

d. The Company has only one class of shares referred to as equity shares having a par value of Rs 10/- each. Each holder of equity shares is entitled to one vote per share.

Note 28 : Earnings per Share (EPS)

Basic EPS amounts are calculated by dividing the profit for the year attributable to equity holders of the Company by the weighted average number of Equity shares outstanding during the year.

Diluted EPS amounts are calculated by dividing the profit attributable to equity holders of the Company (after adjusting profit impact of dilutive potential equity shares, if any) by the aggregate of weighted average number of Equity shares outstanding during the year and the weighted average number of Equity shares that would be issued on conversion of

* During the year, company had repaid its long term debt as a result of which at year end no Debt is outstanding and hence we have not calculated Debt-Equity Ratio and Debt-Service Coverage Ratio.

# During the year there is reduction in sales as compared to previous year however we have collected from the major Debtor's partes during the year and at the year end the Debtor's outstanding is much less as compared to previous year and hence Improvement in trade debtors turnover ratio.

## During the year Purchases has reduced as compared to previous year and we have paid the major creditor's during the year. Thus Creditor's outstanding as at year end as compared to previous year is much less as compared to previous year and hence reduction in Trade payable turnover ratio.

** The Net Profit Ratio and Return of Investment Ratio has increased as compared to last year due to increase in Net Profit and Interest income.

Note 30 Financial instruments - Fair values and risk management (a) Financial Risk Management

The Company’s principal financial liabilities comprise trade and other payables. The purpose of these financial liabilities is to finance the Company's operations and to provide to support its operations. The Company's principal financial assets trade and other receivables and cash and cash equivalents that derive directly from its operations.

The audit committee is assisted in its oversight role by internal audit. Internal audit undertakes both regular and adhoc reviews of risk management controls and procedures, the results of which are reported to the audit committee.

The Company's activities exposes it to Liquidity Risk, Market Risk and Credit risk. The Board of Directors reviews and agrees policies for managing each of these risks, which are summarised as below.

i. Credit risk

Credit risk is the risk of financial loss to the Company if a customer or counter-party fails to meet its contractual obligations. The Company is exposed to credit risks from its operating activities, primarily trade receivables, cash and cash equivalents, deposits with banks and other financial instruments. To manage the credit risk from trade receivables, the Company periodically assess financial reliability of customes, taking into account the financial condtion, current economic trends, and analysis of historical bad debts and ageing of accounts receivable. Individual risk limits are set accordingly. The Company considers the probablity of default upon initial recognition of asset and whether there has been a significant increase in credit risk on an ongoing basis throught each reporting period.

ii. 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 comprises three types of risk: interest rate risk, currency risk and other price risk, such as equity price risk and commodity risk. The value of a financial instrument may change as a result of changes in the interest rates, foreign currency exchange rates and other market changes that affect market risk sensitive instruments. Market risk is attributable to all market risk sensitive financial instruments including investments and deposits, foreign currency receivables, payables and loans and borrowings.

iii. Liquidity risk

The risk that an entity will encounter difficulty in meeting obligations associated with financial liabilities that are settled by delivering cash or another financial asset. Liquidity risk management The Company manages its liquidity risk by ensuring as far as possible that it will have sufficient liquidity to meet its short tern and long term liabilities as and when due. Anticipated future cash

Note 34

Balances of certain trade receivables, loans and advances given and trade payables are subject to conflrmation/reconoliation In the opinion of the Board, the difference as may be, noticed on such reconciliation will not be material.

Note 35

The Company has asked for, from the suppliers regarding their registration under Micro, Small and Medium Enterprises Development Act, 2006 However, the company has not received confirmation from parties regarding thier Registration under the Micro, Small and Medium Enterprises Development Act, 2006. Therefore no amount is determined as payable to Micro pntprnrivpv anrl r»mall pnlprnnvpv in manappmpnf't nnininn and thp*p farts arp hppn rplipH iinnn hv fhp Auditors

Note 36

The Company is operating in only one main segment "Agriculture produce" and thus Segment Reporting as under ind AS 108 'Operating Segments' is not applicable to us Note 37

There are no significant subsequent events that would require adjustments or disclosures In the financial statements as on the balance sheet date Note 38 Other Disclosures:

a) The Company do not have any Benami property, where any proceeding has been initiated or pending against the Company for holding any Benami property.

b) Transaction with struck off companies: The Company does not have any transactions with companies struck- off under Section 248 of the Companies Act, 2013.

c) The Company have not traded or invested In Crypto currency or Virtual Currency during the financial year

d) The Company have not advanced or loaned or invested funds to any other person(s) or entity(ies), including foreign entitles (Intermediaries) with the understanding that the intermediary shall:

(i) Directly or indirectly lend or invest m other persons or entities identified m any manner whatsoever by or on behalf of the Company (Ultimate Beneficiaries) or;

(ii) Provide any guarantee, security or the like to or on behalf of the Ultimate beneficiaries.

e) The Company have not received any fund from any person(s) or entityfies). including foreign entities (Funding Party) with the understanding (whether recorded in writing or otherwise) that the Company shall:

(I) Directly or Indirectly lend or invest in other persons or entitles identified in any manner whatsoever by or on behalf of the Funding Party (Ultimate Beneficiaries) or;

(Ii) Provide anv guarantee, securitv or the like on behalf of the Ultimate Beneficiaries

f) The Company do not have any such 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).

g) The Code on Social Security, 2020 ('Code') relating to employee benefits during employment and post- employment benefits received Presidential assent in September 2020. The Code has been published in the Gazette of India. However, the date on which the Code will come into effect has not been notified. The company will assess the impact of the Code when it comes into effect and will record any related impact in the period the Code becomes effective.

h) The Company is not declared wilful defaulter by any bank or financial institution or lender during the year.

Note 39

Figures for the previous years have been regrouped / restated wherever necessary to conform to current year's presentation.