(m) Provisions. Contingent Liabilities and Contingent Assets

A provision arising out of a present obligation, as a result of past event, is recognised only when it is probable that an
outflow of resources will be required to settle the obligation and the amount can be reasonably estimated.

Wherever, there is a possible obligation that may but probably will not require an outflow of resources, the same is
disclsoed by way of contingent liability.

The Company claims to have no Contingent liability and hence, it is not provided for in the books of accounts.
Contingent assets are not recognised in the financial statements.

(n) Operating Cycle

Based on the nature of activities of the company and the normal time between acquisition of assets and their
realisation in cash or cash equivalents, the company has determined its operating cycle as a 12 months for the purpose
of classification of assets and liabilities as a current and non-current.

(o) Previous Year's Figures

Previous year's figures have been regrouped/reclassified wherever necessary to correspond with the current year's
classification/disclosure.

(p) Other Information

The various other information as required under Schedule III of the Companies Act, 2013 are as follows:-

(q) Additional Regulatory Information:

(i) The company does not have any immovable property.

(ii) The Company has not revalued any of its Property, Plant and Equipments.

(iii) Company has not given any Loans or Advances in the nature of loans to its promoters, directors, key managerial

personnel and related parties.

(iv) CWIP Ageing Schedule

In absence of any Capital Work In Progress such details are not applicable.

(v) There is no intangible asset under development as at the year-end.

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

(vii) The Company is not declared wilful defaulter by any bank or financial institution or other lender.

(viii) The Company does not have any transactions with companies struck off u/s. 248 of the Companies Act, 2013 or

u/s. 560 of the Companies Act, 1956.

(ix) No charges or satisfaction is pending to be registered with Registrar of Companies beyond the statutory period.

(x) The company does not have any subsidiary and hence, there is no violation with regard to the number of layers
prescribed u/s. 2(87) of the Act r.w. Companies (Restriction on number of Layers) Rules, 2017.

(2) Return on Equity Ratio

During the year, the company have earned profit whereas in the earlier year the company has incurred
loass and hence, there is a variation in the Return on Equity Ratio.

(3) Trade Receivables turnover ratio

During the year, the turnover and trade receivable of the company has increased significantly and thus,
there is a variation in the Trade Receivable Turnover Ratio in the current year as compared to the
earlier year.

(4) Trade payables turnover ratio

During the year, the purchase of the company has increased Significantly and hence, there is a
variation in the Trade Payable Turnover Ratio.

(5) Net capital turnover ratio

During the year, the turnover of the company has increased significantly thus, there is a variation in the
Net Capital Turnover Ratio.

(6) Net profit ratio

During the year, the company have earned profit whereas in the earlier year the company has incurred
loass and hence, there is a variation in the Nete Profit Ratio.

(7) Return on Capital employed

During the year, the company have earned profit whereas in the earlier year the company has incurred
loass and hence, there is a variation in the Return on Capital Employed Ratio.

No Scheme of Arrangements has been approved by the Competent Authority in terms of sections 230 to 237 of the

^(r) Companies Act, 2013.

(s) Utilisation of Borrowed funds, share premium or any other source or kind of fund:

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

(i) directly or indirectly lend or invest in other persons or entities identified in any manner whatsoevr by or on
behalf of the company (Ultimate beneficieries) or

(ii) provide any guarantee, security or the like to or on behalf of the Untimate Beneficiaries.

(B) Company has not received any funds from any person(s) or entity(ies) including foreign entities (Funding Party)
with the understanding that the company shall -

(i) directly or indirectly lend or invest in other persons or entities identified in any manner whatsoevr by or on
behalf of the Funding Party (Ultimate beneficieries) or

(ii) provide any guarantee, security or the like to or on behalf of the Untimate Beneficiaries.

For & on behalf of the Board For D S I & Co

Shantai Industries Ltd. Chartered Accountants

ICAI FRN : 127226W

Sd/- Sd/- Sd/- Sd/- Sd/-

Harish Sawlani Vasudev Sawlani Shailesh Damor Shipra Mehta Eric Kapadia

Chairman & MD WTD CFO Company Secretary Partner

Membership No. 136712
UDIN :25136712BMJIPU4843

Place : Surat Place : Surat

Date : 30-05-2025 Date : 30-05-2025