2.19 Provisions, Contingent Assets and
Contingent Liabilities

A provision is recognised when the Company has a present
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. These
estimates are reviewed at each reporting date and adjusted
to reflect the current best estimates. Provisions are discounted
to their present values, where the time value of money is
material.

Contingent assets are neither recognized nor disclosed.
However, when realization of income is virtually certain,
related asset is recognized.

Contingent liabilities are disclosed when there is a possible
obligation arising from past events, the existence of which
will be confirmed only by the occurrence or non-occurrence
of one or more uncertain future events not wholly within the
control of the Company or a present obligation that arises
from past events where it is either not probable that an
outflow of resources will be required to settle or a reliable
estimate of the amount cannot be made.

2.20 Earnings per Share

Basic earnings per equity share are computed by dividing the
net profit attributable to the equity holders of the Company by
the weighted average number of equity shares outstanding
during the period. Diluted earnings per equity share is
computed by dividing the net profit attributable to the equity
holders of the Company by the weighted average number
of equity shares considered for deriving basic earnings per
equity share and also the weighted average number of
equity shares that could have been issued upon conversion
of all dilutive potential equity shares. The dilutive potential
equity shares are adjusted for the proceeds receivable had
the equity shares been actually issued at fair value (i.e. the
average market value of the outstanding equity shares).
Dilutive potential equity shares are deemed converted as
of the beginning of the period, unless issued at a later date.
Dilutive potential equity shares are determined independently
for each period presented.

Nature and Purpose of Reserves:

(i) Securities Premium Reserve

Securities premium is used to record the premium on issue of shares or debentures. The reserve will be utilised in accordance
with the provisions of the Companies Act, 2013.

(ii) Fair Value through Other Comprehensive Income

The Company has elected to recognise changes in the fair value of certain assets/liabilities through OCI. These changes are
accumulated within the OCI reserve within other equity. The Company transfers amounts from this reserve to retained earnings
when the relevant assets are derecognised.

This information as required to be disclosed under the Micro, Small & Medium Enterprise Development Act, 2006 has been
determined to the extent such parties have been identified on the basis of the information available with the Company and
provided by the parties.

NOTE 38 - SEGMENT REPORTING

"In accordance with Ind AS 108, the Board of directors being the Chief operating decision maker of the Company
has determined its only business segment as manufacturing and selling of processed food and beverages.
Since the Company's business is from manufacturing and selling of processed food and beverages and there are no other
identifiable reportable segments. Thus, the segment revenue, segment results, total carrying amount of segment assets, total
carrying amount of segment liabilities, total cost incurred to acquire segment assets, total amount of charge for depreciation
during the year is as reflected in the financial statement.

*All financial assets/liabilities stated above are measured at amorised cost and their carrying values are not considered to be not
materially different from their fair values.

ii) Financial instruments risk management

The Company's activities expose it to market risk, liquidity risk and credit risk. The Company's board of directors has overall
responsibility for the establishment and oversight of the Company's risk management framework. This note explains the sources
of risk which the entity is exposed to and how the entity manages the risk and the related impact in the financial statements.

A) Credit Risk

Credit risk is the risk that a counterparty fails to discharge its obligation to the Company. The Company's exposure to credit
risk is influenced mainly by cash and cash equivalents, trade receivables and financial assets measured at amortised cost. The
Company continuously monitors defaults of customers and other counterparties and incorporates this information into its credit
risk controls.

a) Credit risk management

i)Credit risk rating

The Company assesses and manages credit risk of financial assets based on following categories arrived on the basis of
assumptions, inputs and factors specific to the class of financial assets.

A: Low credit risk

B: Moderate credit risk

C: High credit risk

c) Credit loss assessment for trade receivables

Customer credit risk is managed by each business unit subject to the Company's established policy, procedures and control
relating to customer credit risk management. Credit quality of a customer is assessed based on an extensive credit review
and individual credit limits are defined in accordance with this assessment. Outstanding customer receivables are regularly
monitored. At the year end the Company does not have any significant concentrations of bad debt risk. An impairment analysis
is performed at each reporting date on an individual basis for major clients. The calculation is based on historical data. The
Company does not hold collateral as security. The Company evaluates the concentration of risk with respect to trade receivables
as low, as its customers are located in several jurisdictions and operate in largely independent markets.

B) Liquidity risk

Prudent liquidity risk management implies maintaining sufficient cash and the availability of funding through an adequate amount
of committed credit facilities to meet obligations when due. Due to the nature of the business, the Company maintains flexibility
in funding by maintaining availability under committed facilities.

Management monitors rolling forecasts of the Company's liquidity position and cash and cash equivalents on the basis of
expected cash flows. The Company takes into account the liquidity of the market in which the entity operates.

Maturities of financial liabilities

The tables below analyse the Company's financial liabilities into relevant maturity companyings based on their contractual
maturities for all non-derivative financial liabilities and the amounts disclosed in the table are the contractual undiscounted cash
flows. Balances due within 12 months equal their carrying balances as the impact of discounting is not significant.

C) Market Risk
Foreign exchange risk:

Foreign currency risk is the risk that the fair value or future cash flows of an exposure will fluctuate because of changes in foreign
exchange rates. The Company does not hedge foreign currency exposure arising under such contracts. The Company does not
have foreign currency receivables as well as payables. Therefore the Company is not exposed to Foreign Exchange Risk.

NOTE 42 - FINANCIAL RISK MANAGEMENT
Risk management

The Company's capital management objectives are to ensure the Company's ability to continue as a going concern as well as to
provide adequate return to shareholders by pricing products and services commensurately with the level of risk. The Company
monitors capital on the basis of the carrying amount of equity plus its borrowings, less cash and cash equivalents as presented
on the face of the statement of financial position and cash flow hedges recognised in other comprehensive income.

Management assesses the Company's capital requirements in order to maintain an efficient overall financing structure while
avoiding excessive leverage. This takes into account the subordination levels of the Company's various classes of debt. The
Company manages the capital structure and makes adjustments to it in the light of changes in economic conditions and the risk
characteristics of the underlying assets. In order to maintain or adjust the capital structure, the Company may adjust the amount
of dividends paid to shareholders, return capital to shareholders, issue new shares, or sell assets to reduce debt. The amounts
managed as capital by the Company for the reporting periods under review are summarised as follows:

47. Debit and credit balances of parties included under the head Sundry Debtors, Current Liabilities Loans & Advances are
subject to confirmation and reconciliation.

In the opinion of the management, Current Assets, Loans and Advances have a realisable value in the ordinary course of business
not less than the amount at which they are stated in the Balance Sheet and provision for all know liabilities and doubtful assets
have been made.

48. PREVIOUS YEAR FIGURES

Figures for the previous year have been regrouped/reclassified/reinstated, wherever considered necessary for better presentation
purpose.

In terms of our report attached

For R P VIDANI & CO For and on behalf of the Board of Directors

Chartered Accountants
ICAI FRN: 137610W

Manharbhai Sanspara Maheshkumar Mavani

Chairman and MD Director

DIN: 02623366 DIN: 02623368

CA Rushi P Vidani Shaileshbhai Sardhara Neha Oswal

Proprietor Chief Financial Officer Company Secretary

Membership No.: 156047 Membership No: A44077

Place: Surat Place: Surat

Date: May 26, 2025 Date: May 26, 2025