(a) Assets pledged as Security

Immovable properties of the company Secured by Equitable Mortgage of Fixed Assets both Movable & Immovable. (Refer Note 44)

(b) Capitalised Borrowing Cost

Borrowing Cost Capitalised on Property, Plant and Equipment during the year Rs.Nil (PY. Rs.Nil). (Refer Note 5.1).

(c) Contractual Obligations

Refer Note.37 for disclosure of Contractual Commitments for the acquisition of property, Plant & Equipment.

(d) Title deeds of immovable property (other than proper taken on lease by duly executed lease agreement) are held in the name of the company.

(e) 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.

8.1 The cost of inventories recognised as an expense during the year was Rs. Nil. (As at March 31, 2024: RS. Nil)

8.2 Inventory of Raw Material includes material in Transit- as on 31-03-2025 of Rs. Nil (As at 31-03-2024 Rs. NIl).

8.3 Inventories pledged as Security with bank for borrowing as on 31/03/2025 of Rs. 2486.69 Lakhs (As on 31/03/2024 Rs.2140.67 Lakhs).(Refer Note 44).

14.1 The company has only one class of shares referred to as Equity shares having face value of Rs. 10/-. Each Holder of equity share is entitled to 1 vote per share.

In the event of liquidation of the Company, the holders of equity shares will be entitled to receive any of the remaining assets of the company, after distribution of all preferential amounts. However, no such preferential amounts exist currently. The distribution will be in proportion to the number of equity shares held by the shareholder.

14.2 During the financial year the company has allotted Nil (P.Y.Nil) Bonus shares. The Company has neighter buyback nor forfieted any amount of shares in the period of last five years.

14.3 Reconciliation of the number of shares outstanding and the amount of share capital as at 31/03/2025

General Reserve : The general reserve is used from time to time to transfer profits from retained earnings for appropriation purposes. General reserve is created by a transfer from one component of equity to another and is not an item of other comprehensive income, and the items included in the general reserve will not be reclassified subsequently to profit or loss.

Retained earnings: The amount that can be distributed by the Company as dividends to its equity shareholders is determined based on the separate financial statements of the Company and also considering the requirements of the Companies Act, 2013. Thus, the amounts reported above are not distributable in entirety.

Other Comprehensive Income: The remeasurement gain / (loss) on net defined benefit plans is recognised in Other Comprehensive Income net of tax.

16.2 Unsecured Inter-corporate deposits carries interest @ 9.00% and are repayable in F.Y. 2027-28.

16.3 The borrowing from the banks has been used for the specific purpose for which it was taken at the balance sheet date.

Note:1 Due to Creditors against LC & Buyers Credit are not required to disclosed in stock statement submitted to the bank as per advice & instruction of the bank.

Note:2 Due to unaudited provisional figures submitted to bank which have some clarical errors.

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

22.4 Under the Micro, Small and Medium Enterprises Development Act, 2006, (MSMED) which came in to force from 02.10.2006, certain disclosers are required to be made relating to Micro, Small and Medium enterprises. On the basis of the information and records available with management, outstanding dues to the Micro and Small enterprise as defined in the MSMED Act, 2006 are disclosed as below and this has been reiled upon by the Auditor.

24.2 The above figures in respect of trade payables include an amount of Rs. 0.48 Lacs (P.Y. 0.92 Lacs) payable to Firms and companies in which directors are partner or directors. (Refer Note :38).

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

24.4 Under the Micro, Small and Medium Enterprises Development Act, 2006, (MSMED) which came in to force from 02.10.2006, certain disclosers are required to be made relating to Micro, Small and Medium enterprises included in "Creditors for Expenses". On the basis of the information and records available with management, outstanding dues to the Micro and Small enterprise as defined in the MSMED Act, 2006 are disclosed as below and this has been reiled upon by the Auditor.:

39 Contingent liabilities & Commitments

a. Disputed Demand of Income Tax of Rs. 17.84 Lacs (P.Y. Rs. 17.92 Lacs) against which company had filed rectification applications and the same are not disposed by the Income Tax Department.

b. The Company has received Show Cause Notice during the year for Demand of GST of Rs. 5.28 Lacs (P.Y. Rs. 5.28 Lacs), Company has not received any order against hearing process.

c. Letter of Credit Outstanding on the balance sheet date is for Rs. 325.50 Lacs (P.Y. Rs. 506.28 Lacs).

d. Bank Guarantee given by Bank to Custom Department Rs. 5.25 Lacs. (P.Y. Rs. 5.25 Lacs).

e. Capital Committement of Rs. 16.73 Lacs (P.Y. 27.72 Lacs) for which company has paid Rs. 14.61 Lacs (P.Y. 23.22 Lacs) which are shown under "Other Non-Current Assets".

f. There was Customer Claims against the Company amounting to Rs. 49.21 Lacs (P.Y. Rs 49.21 Lacs) in Hon'ble District Consumers Dispute Redressal Committee for Compensation of loss of business and advance paid.

g. There are certain pending labour & Employees cases against the Company, for which amount is not ascertainable.

40 Segment Reporting

The Company's management, consisting of the chief executive officer, the chief financial officer and the manager for corporate planning, monitors the operating results of the below business segments separately for the purpose of making decisions about resource allocation and performance assessment and accordingly, based on the principles for determination of segments given in Indian Accounting Standard 108 "Operating Segments "and in the opinion of management the Co. is primarily engaged in the business of Decorative Laminated Sheets. All other activities of the Co. revolve around the main business and as such there is no separate reportable business segment.

The operations of the company are confined to India as well as outside India with export contributing to 28.30 % (P.Y. 33.16%) of annual turnover. Hence in view of the management India and exports market represents different geographical segment.

42 Leases A) Disclosure as per Ind AS 116: a. Group as lessee

The Group has elected exemption available under Ind AS 116 for short term leases and leases of low value. The lease payments associated are recognized as expense on a straight line basis over the lease term. The Group's lease asset classes primarily consist of leases for godown.The Group is restricted from assigning and subleasing the lease. The weighted average incremental borrowing rate for lease liabilities is 8% (Previous year Nil)

d. The variable lease portion represents lease payments over and above the fixed lease commitments on usage of the underlying assets.

e. The maturity analysis of lease liabilities are disclosed in Note 45 Liquidity risk.

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

Level 2 - Inputs other than quoted prices included within Level 1 that are observable for the asset or liabilty, either directly (i.e. as prices ) or indirectly (i.e. derived from prices)

Level 3 - Inputs for the assets or liabilties that are not based on observable market data (unobservable inputs).

There were no transfers between the levels during the year Valuation process

The finance department of the Company includes a team that performs the valuations of financial assets and liabilties required for financial reporting purposes, including level 3 fair values. The fair valuation of level 1 and level 2 classified assets and liabilties are readily available from the quoted pricies in the open market and rates available in secondary market respectively. The valuation method applied for various financial assets and liabilties are as follows -

1. Quoted price in the primary market (NAV) considered for the fair valuation of the current investment i.e Mutual fund. Gain / (loss) on fair valauation is recognised in profit and loss.

2. The carrying amount of trade receivable, trade payable, cash and bank balances, short term loans and advances, statutory/ receivable, short term borrowing, employee dues are considered to be the same as their fair value due to their short-term nature.

45 Financial risk management

The Company has exposure to the following risks arising from financial instruments:

I Credit Risk

II Liquid Risk

III Market Risk

Risk Management Framework

The Company's risk management is governed by policies and approved by the board of directors. Company's identifies, evaluates and hedges financial risks in close co-operation with the Company's operating units. The company has policies for overall risk management, as well as policies covering specific areas, such as foreign exchange risk, interest rate risk, credit risk, use of derivative financial instruments and non-derivative financial instruments.

The Company's board of directors has overall responsibility for the establishment and oversight of the Company's risk management framework. The Company manages market risk through a treasury department, which evaluates and exercises independent control over the entire process of market risk management. The treasury department recommends risk management objectives and policies, which are approved by Board of Directors. The activities of this department include management of cash resources, borrowing strategies, and ensuring compliance with market risk limits and policies.

The Company's risk management policies are established to identify and analyse the risks faced by the Company, to set appropriate risk limits and controls and to monitor risks and adherence to limits. Risk management policies and systems are reviewed regularly to reflect changes in market conditions and the Company's activities. The Company, through its training and management standards and procedures, aims to maintain a disciplined and constructive control environment in which all employees understand their roles and obligations.

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

I Credit Risk

Credit risk refers to the risk that a counterparty will default on its contractual obligations resulting in financial loss to the Company. The Company is exposed to credit risk from its operating activities (primarily trade receivables), cash and cash equivalents and other financial instruments.

Customer credit risk is managed by each business unit subject to the Company's established policy, procedures and control relating to the customer credit risk management. Outstanding customer receivables are regularly monitored and taken up on case to case basis. The Company has adopted a policy of dealing with creditworthy counterparties and obtaining sufficient collateral, where appropriate, as a means of mitigating the risk of financial loss from defaults. The Company's exposure and the credit scores of its counterparties are continuously monitored. Credit exposure is controlled by counterparty limits that are reviewed and approved by the management team on a regular basis. The Company evaluates the concentration of risk with respect to trade receivables as low, as its customers are located in several jurisdictions representing large number of minor receivables operating in largely independent markets.

The credit risk on cash and bank balances and derivative financial instruments is limited because the counterparties are banks with high credit ratings assigned by international credit rating agencies.

Credit risk refers to the risk of default on its obligation by the counterparty resulting in a financial loss. The Company maintain its cash and cash equivalents and bank deposits with banks having good reputation, good past track record and high quality credit rating and also reviews their credit-worthiness on an on-going basis.The maximum exposure to credit risk at the reporting date is primarily from trade receivables. Credit risk has always been managed by the company through credit approvals, establishing credit limits and continuously monitoring the creditworthiness of customers to which the company grants credit terms in the normal course of business. On account of the adoption of Ind AS 109, the company uses ECL model to assess the impairment loss or gain. The company uses a provision matrix to compute the ECL allowance for trade receivables and unbilled revenues. The provision matrix takes into account available external and internal credit risk factors and the company's experience for customers.

The company has assessed that credit risk on loans given is insignificant based on the empirical data.

The Company reviews trade receivables on periodic basis and makes provision for doubtful debts if collection is doubtful. The Company also calculates the expected credit loss (ECL) for non-collection of receivables. The Company makes additional provision if the ECL amount is higher than the provision made for doubtful debts.

The company has used a practical expedient by computing the expected credit loss allowance for trade receivables based on provision matrix, which takes into account historical credit loss experience as well as future risks based on current macro-economic indicators and trends. The expected credit loss (ECL) allowance is based on total receivables that are due and the rate given in provisional matrix. The company has revised the loss estimates based on DPD of trade receivables in its provision matrix in the current year. This change in estimate has resulted in an increase in the impairment loss of ¹ 21.20 Lakhs during the year.

The provision for doubtful debts including ECL allowances for non-collection of receivables and delay in collection, on a combined basis, was Rs. 72.03 lakhs as at March, 2025 and Rs. 55.63 lakhs as at March 31, 2024. The movement in allowances for doubtful accounts comprising provision for both non-collection of receivables and delay in collection is as follows:

II Liquid Risk

Liquidity risk is the risk that the Company will encounter difficulty in meeting the obligations associated with its financial liabilities that are settled by delivering cash or another financial asset. 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.

Management regularly monitors the position of cash and cash equivalents vis-a-vis projections. Assesment of maturity profiles of financial assets and libilities including debt financing plans and maintainance of balance sheet liquidity ratios are considered while reviewing the liquidity position.

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.

III Market Risk

Market risk is the risk that the fair value or future cash flow of a financial instrument will fluctuate because of changes in market factors. Market risk comprises three type of risks:

a) Currency Risk

b) Interest Risk

c) Price Risk

a) Currency Risk

The functional currency of the Company is Indian Rupee. The Company is exposed to currency risk on account of payables and receivables in foreign currency. Company is exposed to currency risk on account of payables and receivables in foreign currency. Since the average exports account only for 28.72 % of total sales this is not perceived to be a major risk. The average imports account for 26.82 % of total purchases.

iii) Foreign Currency Risk Sensitivity

The sensitivity of profit and loss due to changes in the exchange rates arises mainly from non derivative foreign currency denominated financial instruments (mainly financial ibstruments denominated in USD, EURO, GBP currencies). The below sensitivity does not include the impact of forward exchange contracts.

b) Interest Risk

Interest rate risk is the risk that the fair value of future cash flows of the financial instruments will fluctuate because of changes in market interest rates. In order to optimize the Company's position with regards to interest income and interest expenses and to manage the interest rate risk, treasury performs a comprehensive corporate interest rate risk management by balancing the proportion of fixed rate and floating rate financial instruments in its total portfolio.

According to the Company interest rate risk exposure is only for floating rate borrowings. For floating rate liabilities, the analysis is prepared assuming the amount of the liability outstanding at the end of the reporting period was outstanding for the whole year. A 50 basis point increase or decrease is used when reporting interest rate risk internally to key management personnel and represents management's assessment of the reasonably possible change in interest rates.

c) Price Risk

As of 31st March 2025,the company has nil exposure on security price risks.

46 Capital management

The Company's capital management is intended to maximise the return to shareholders and benefits for other stakeholders for meeting the long-term and short-term goals of the Company; and reduce the cost of capital through the optimization of the capital structure i.e. the debt and equity balance. The Company monitors the capital structure on the basis of Net debt to equity ratio and maturity profile of the overall debt portfolio of the Company.

48 Additonal Disclosure (Other than IND AS Disclosure)

I During the year under Consideration the company has not traded or invested in crypto currency or vitual currency.

II 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.

III The company has been not declared as willful defaulter by Reserve Bank of India till 31/03/2025.

IV The borrowing from the banks and Financial Institutions has been used for the specific purpose for which it was taken at the balance sheet date.

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

VI There is not change pending for satisfaction with registrar of companies beyond the statutory period.

49 The financial statement are approved for issue by the Audit Committee as at its meeting on 15th May,

2025 and by the Board of Directors on 15th May, 2025.

50 The board has recommended dividend of Rs. Nil per share which is subject to approval of shareholders

in the ensuing Annual General Meeting.

51 Previous period figures have been regrouped and or reclassified, whatever necessary. The impact of

the such regrouping is not material to financial statements.