p PROVSIONS

Provisions are recognised when the Company has a
present obligation (legal or constructive) as a result of
a past event, it is probable that an outflow of resources
embodying economic benefits will be required to settle
the obligation and a reliable estimate can be made
of the amount of the obligation. When the Company
expects some or all of a provision to be reimbursed, for
example, under an insurance contract, the reimbursement
is recognised as a separate asset, but only when the
reimbursement is virtually certain. The expense relating to
a provision is presented in the Statement of profit and loss
net of any reimbursement.

If the effect of the time value of money is material,
provisions are discounted using a current pre-tax rate that
reflects, when appropriate, the risks specific to the liability.
When discounting is used, the increase in the provision
due to the passage of time is recognised as a finance
cost. Provisions are reviewed at each balance sheet and
adjusted to reflect the current best estimates.If it is no
longer probable that the outflow of resources would be
required to settle the obligation, the provision is reversed.

q CONTINGENT LIABILITIES, CONTINGENT ASSETS AND
COMMITMENTS

A contingent liability is a possible obligation that arises
from past events whose existence will be confirmed 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 is not recognised because it is
not probable that an outflow of resources will be required
to settle the obligation. A contingent liability also arises in
extremely rare cases where there is a liability that cannot
be recognised because it cannot be measured reliably.
The Company does not recognize a contingent liability but
discloses its existence in the financial Statements.

A contingent asset is not recognised unless it becomes
virtually certain that an inflow of economic benefits will
arise. When an inflow of benefits is probable, contingent
asset is disclosed in the financial Statements.

Commitments include the amount of purchase order (net
of advances) issued to parties for completion of assets
and Non-cancellable operating lease.

Contingent liabilities, contingent assets and commitments
are reviewed at each balance sheet date.

r SEGMENT REPORTING

Based on "Management Approach” as defined in Ind AS
108 - Operating Segments, the Chief Operating Decision
Maker evaluates the Company's performance and allocate
the resources based on an analysis of various performance
indicators by business segments. The Company's chief
operating decision maker is the Managing Director
of the Company.

The Company prepares its segment information in
conformity with the accounting policies adopted for
preparing and presenting the financial Statements of the
Company as a whole.

s CASH AND CASH EQUIVALENTS

Cash and cash equivalents in the balance sheet comprise
cash at banks and on hand and short-term deposits with
an original maturity of three months or less, which are
subject to an insignificant risk of changes in value.

For the purpose of the cash flows Statement, cash and
cash equivalents consist of cash and short-term deposits,
as defined above, net of outstanding bank overdrafts as
they are considered an integral part of the Company’s
cash management.

t Assets Held for Sale

Non-current assets or disposal groups comprising of
assets and liabilities are classified as 'held for sale’ when
all the following criteria are met: (i) decision has been

made to sell, (ii) the assets are available for immediate sale
in its present condition, (iii) the assets are being actively
marketed and (iv) sale has been agreed or is expected to
be concluded within 12 months of the Balance Sheet date.

Subsequently, such non-current assets and disposal
groups classified as 'held for sale’ are measured at
the lower of its carrying value and fair value less
costs to sell. Non-current assets held for sale are not
depreciated or amortised.

u POLICY FOR STATEMENT OF CASH FLOWS

The Company's Statement of cash flows are prepared
using the Indirect method, whereby profit/ loss for the
period is adjusted for the effects of transactions of a non¬
cash nature, any deferrals or accruals of past or future
operating cash receipts or payments and item of income
or expenses associated with investing or financing cash
flows. The cash flows from operating, investing and
financing activities of the Company are segregated.

Cash and cash equivalents comprise cash and bank
balances and short-term fixed bank deposits that are
subject to an insignificant risk of changes in value.

The amendment to Ind AS 7 requires the entities to provide
disclosures that enable users of financial Statements
to evaluate changes in liabilities arising from financing
activities, including both changes arising from cash
flows and non-cash changes, suggesting inclusion of a
reconciliation between the opening and closing balances
in the balance sheet for liabilities arising from financing
activities, to meet the disclosure requirement.

v Changes in MATERIAL ACCOUNTING POLICIES

The Company adopted disclosure of accounting policies
(amendments to IND As 1) from 1 April 2023. Although the
amendments did not result in any changes in the accounting
policies themselves, they impacted the accounting
policy information disclosed in the financial statements.
The amendments require the disclosure of 'material'
rather than 'significant' accounting policies. The
amendments also provides guidance on the application of
materiality to disclosure of accounting policies, assisting
entities to provide useful, entity-specific accounting
policy information that users need to understand other
information in the financial statements.

w Recent accounting pronouncements

The Ministry of Corporate Affairs ("MCA”) notifies new
standards or amendments to the existing standards under
the Companies (Indian Accounting Standards) Rules, as
issued from time to time. MCA has notified amendments
to Ind AS 1 - Presentation of Financial Statements,
effective for annual reporting periods beginning on or after
1 April 2026. The amendments clarify the requirements for

classification of liabilities as current or non-current in cases
involving breaches of loan covenants. Since the Company
does not have any borrowings, the amendments are not
expected to have any impact on the financial statements.

x Corporate Social Responsibility ("CSR") expenditure

CSR expenditure incurred by the Company is charged to
the Standalone Statement of Profit and Loss.

1.4 SIGNIFICANT ACCOUNTING JUDGEMENTS,
ESTIMATES AND ASSUMPTIONS

The preparation of standalone financial Statements in
conformity with Ind AS requires management to make
judgements, estimates and assumptions that affect
reported amounts of revenue, expenses, assets and
liabilities and the disclosures of contingent assets and
liabilities as at the date of the financial Statements and
the results of operations during the reported period.
Although these estimates are based upon management's
best knowledge of current events and actions, actual
results could differ from these estimates.

Judgements:

Fair value measurement of financial instruments

When the fair value of financial assets and liabilities
recorded in the balance sheet cannot be measured
based on quoted prices in active markets, their fair value
is measured using valuation techniques including the
discounted cash flow model. The inputs to these models
are taken from observable markets where possible,
but where this is not feasible, a degree of judgement
is required in establishing fair values. Judgements
includes considerations of inputs such as liquidity risk,
credit risk and volatility. Changes in assumptions about
these factors could affect the reported fair value of
financial instruments.

Assumptions & Estimates
Sales returns

Revenue from sale of products is recognised when
significant risks and rewards of ownership are transferred
to customers, which coincides with dispatch of goods to
customers. However, the Company needs to accept goods
returned from its customers towards expiry, breakages
and damages. Accordingly, the Company has made
provision based on the historical sales return trends with
respect to the shelf life of various products.

Impairment of financial assets

The Company recognises loss allowances on financial
assets using expected credit loss model which is equal
to the 12 months expected credit losses or full time
expected credit losses.

The Company follows 'Simplified approach' for recognition
of loss allowance on trade receivables under which
Company does not track changes in credit risk. Rather,
it recognises loss allowance based on lifetime expected
credit losses at each reporting date, right from its
initial recognition.

The Company uses a provision matrix to determine
impairment loss allowance on the portfolio of trade
receivables. The provision matrix is based on its
historically observed default rates over the expected
life of the trade receivables and is adjusted for forward
looking estimates. At every reporting date, the historical
observed default rates are updated and changes in the
forward looking estimates are analysed.

Impairment of non financial assets

The Company assesses at each balance sheet date
whether there is any indication that an asset or a group
of assets (cash generating unit) may be impaired. If
any such indication exists, the Company estimates the
recoverable amount of the asset or cash generating unit.
The recoverable amount is the greater of the asset’s net
selling price and value in use. In assessing value in use, the
estimated future cash flows are discounted to the present
value using a pre-tax discount rate that reflects current
market assessments of the time value of money and
the risks specific to the asset. In determining net selling
price, recent market transactions are taken into account,
if available. If no such transactions can be identified, an
appropriate valuation model is used. If such recoverable
amount of the asset or the recoverable amount of the
cash-generating unit to which the asset belongs is less
than its carrying amount, the carrying amount is reduced
to its recoverable amount. The reduction is treated as an
impairment loss and is recognised in the Statement of
Profit and Loss. If at the balance sheet date there is an
indication that a previously assessed impairment loss no
longer exists, the recoverable amount is reassessed and
the asset is reflected at the recoverable amount subject
to a maximum of depreciable historical cost, had no
impairment been recognised.

Defined benefit plans (gratuity benefits)

The cost of the defined benefit plan and other post¬
employment benefits and the present value of such
obligation are determined using actuarial valuations. An
actuarial valuation involves making various assumptions
that may differ from actual developments in the future.
These include determination of the discount rate, future
salary increases, mortality rates and attrition rate. Due
to the complexities involved in the valuation and its long
term nature, a defined benefit obligation is highly sensitive
to changes in these assumptions. All assumptions are
reviewed at each reporting date.

Assumptions & Estimates

Useful life of property, plant and equipment and other
intangible assets

As described in Note 1.3 (c and d), the Company reviews
the estimated useful lives and residual values of property,
plant and equipment and other intangible assets at the
end of each reporting period. During the current financial
year, the management has reassessed the useful lives of
certain property, plant and equipment and other intangible
assets and the impact of the change is not material for
the year. There were no changes in residual values of the
property, plant and equipment and other intangible assets.

Taxes

There are many transactions and calculations undertaken
during the ordinary course of business for which the
ultimate tax determination is uncertain. Where the
final tax outcome of these matters is different from the
amounts initially recorded, such differences will impact
the current and deferred tax provisions in the period in
which the tax determination is made. Deferred tax assets
are recognised only to the extent that it is probable that
future taxable profits will be available against which the
assets can be utilised. The assessment of probability
involves estimation of a number of factors including
future taxable income.

Provision against obsolete and slow-moving inventories

The Company reviews the condition of its inventories
and makes provision against obsolete and slow-moving
inventory items which are identified as no longer suitable
for sale or use. Company estimates the net realisable value
for such inventories based on the latest invoice prices and
current market conditions. The Company carries out an
inventory review at each balance sheet date and makes
provision against obsolete and slow-moving items. The
provision against obsolete and slow-moving inventories
requires the use of judgments and estimates. Where the
expectation is different from the original estimate, such
difference will impact on the carrying value of inventories
and the write-down of inventories recognised in the
periods in which such estimates have been changed.

The Company reassesses the estimation on each balance
sheet date. When the circumstances that previously
caused inventories to be written down below cost no
longer exist or when there is clear evidence of an increase
in net realisable value because of changed economic
circumstances, the amount so written-down is adjusted in
terms of policy as stated above.

Notes

(a) There are no trade or other receivables which are due from directors or other officers of the Company either severally or jointly
with any other person or from firms or private companies respectively in which any director is a partner, a director or a member.

(b) For terms and conditions relating to related party receivables, refer note 46.

(c) Trade receivables are usually non-interest bearing and are generally on credit terms upto 120 days.The Company’s term
includes charging of interest for delayed payment beyond agreed credit days. Company charges interest for delayed payments
in certain cases depending on factors, such as, market conditions and past realisation trend.

(d) For explanations on the Company’s credit risk management processes, refer note 38.

(e) The Company follows life time expected credit loss model. accordingly, deterioration in credit risk is not required to be
evaluated annually.

(f) Refer note 39 for accounting policies on financial instruments.

(g) There are no unbilled receivables, hence the same is not disclosed in the ageing schedule as below.

(h) Trade receivables ageing schedule Current.

Note: Disclosure required by Schedule V of SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015 and Section
186 (4) of Companies Act, 2013

Notes:

There are no trade or other receivables which are due from directors or other officers of the Company either severally or jointly with
any other person or from firms or private companies respectively in which any director is a partner, a director or a member.

The Company has complied with the provision section 2(87) of the Companies Act, 2013 read with the Companies (Restriction on
number of Layers) Rules, 2017.

The Company has not entered with any Scheme(s) of arrangement in terms of sections 230 to 237 of the Companies Act, 2013.

No funds have been advanced or loaned or invested (either from borrowed funds or share premium or any other sources or kind of
funds) by the Company to or in any other person(s) or entity(ies), including foreign entities ("Intermediaries”) with the understanding,
whether recorded in writing or otherwise, that the Intermediary shall lend or invest in party identified by or on behalf of the Company
(Ultimate Beneficiaries). The Company has not received any fund from any party(s) (Funding Party) with the understanding that the
Company shall whether, directly or indirectly lend or invest in other persons or entities identified by or on behalf of the Company
("Ultimate Beneficiaries”) or provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries.

During the year ended 31^st March 2026, the amount of interim dividend paid as distribution to equity shareholders is Rs. 5 per
share (Previous year - Rs. 5 per share).

The Company had cancelled 31,45,000 forfeited equity shares of Rs.0.25/- each containing total amount of Rs. 7.86 lakhs
of forfeited equity shares and the same was approved by shareholders in the annual general meeting held on September 27,
2019 by way of ordinary resolution. The forfeited capital amount has been transferred to Capital reserve as per the applicable
provisions of Companies Act, 2013.

In the event of liquidation of the Company, the holders of equity shares will be entitled to receive remaining assets of the
Company. The distribution will be in proportion to the number of equity shares held by the shareholders.

The Board of Directors, at its meeting held on August 09, 2023 had approved a proposal of the Company to buy-back 31,00,000
fully paid-up equity shares of face value of Re. 1 each from the eligible equity shareholders of the Company who have validly
tendered their shares. The buy-back was offered to all eligible equity shareholders of the Company on proportionate basis
through the "Tender offer” route in accordance with SEBI (Buy-back of Securities) Regulations, 2018. The Buyback of equity
shares through the stock exchange commenced on August 31, 2023 and was completed on September 13, 2023 and the
Company bought back and extinguished a total of 31,00,000 equity shares at a price of Rs. 500 per equity share, comprising of
1.87% of pre-buyback paid up equity share capital of the Company. The buyback resulted in a cash outflow of Rs. 15,500 lakhs
(excluding transaction cost). The Company funded the Buyback from its General reserve. In accordance with Section 69 of
the Companies Act, 2013, as at results approved for the period ended September 30, 2023, the Company has credited 'Capital
Redemption Reserve’ with an amount of Rs. 31 lakhs, being amount equivalent to the nominal value of the Equity Shares
bought back as an appropriation from General Reserve.

The Board of Directors, at its meeting held on February 09, 2022 had approved a proposal of the Company to buy-back 29,00,000
fully paid-up equity shares of face value of Re. 1 each from the eligible equity shareholders of the Company who have validly
tendered their shares. The buy-back was offered to all eligible equity shareholders of the Company on proportionate basis
through the "Tender offer” route in accordance with SEBI (Buy-back of Securities) Regulations, 2018. The Buyback of equity
shares through the stock exchange commenced on April 12, 2022 and was completed on April 27, 2022 and the Company
bought back and extinguished a total of 29,00,000 equity shares at a price of Rs. 475 per equity share, comprising of 1.72%
of pre-buyback paid up equity share capital of the Company. The buyback resulted in a cash outflow of Rs. 13,775 lakhs
(excluding transaction cost). The Company funded the Buyback from its General reserve. In accordance with Section 69 of
the Companies Act, 2013, as at results approved for the period ended June 30, 2022, the Company has credited 'Capital
Redemption Reserve’ with an amount of Rs. 29 lakhs, being amount equivalent to the nominal value of the Equity Shares
bought back as an appropriation from General Reserve.

Nature and purpose of Reserves

(a) Capital redemption reserve

As per Companies Act, 2013, Capital redemption reserve is created when Company purchases its own shares out of free
reserves or securities premium. A sum equal to the nominal value of the shares so purchased is transferred to capital
redemption reserve.

(b) Capital reserve

As per Companies Act, 2013, Capital reserve is created when Company cancelled its own shares.

(c) General reserve

The General reserve is used from time to time to transfer profits from retained earnings for appropriation purposes. As the General
reserve is created by the transfer from one component of equity to another and is not item of other comprehensive income.

(d) Retained earnings

Retained earnings are the profits/ (losses) that the Company has earned till date, less any transfer to general reserve,
dividends or other distribution paid to shareholders. Retained earnings includes re-measurement loss / (gain) on defined
benefit plans, net of taxes that will not be reclassified to statement of profit and loss. Retained earnings is a free reserve
available to the Company.

(e) Other comprehensive income

The Company has elected to recognise changes in the fair value of investments in equity instruments in other comprehensive
income. These changes are accumulated within the FVTOCI equity investments within equity. The balance in other
comprehensive income is transferred to retained earnings on disposal of the investment.

Note :

(i) Trade payables include amount payable to vendors and accrual of expenses that are expected to be settled in the Company’s
normal operating cycle or due to be settled within twelve months from the reporting date.

(ii) For explanations on the Company's liquidity risk management processes Refer note 38.

(iii) Disclosure under the Micro, Small and Medium enterprises Development Act, 2006 is provided as under for the year 2025-26,
to the extent the Company has received intimation from the "Suppliers" regarding their status under the Act :

38. Financial risk management objectives and policies :

Risk Management is an integral part of the Company’s plans and operations. While the Company has a proven ability to
successfully take on challenges, the efforts are to become even more proactive in recognising and managing risks, through
an organized framework. The Company recognises risk management as an integral component of good corporate governance
and fundamental in achieving it’s strategic and operational objectives.

The Company, through its Board of Directors, has constituted a Risk Management Committee, consisting of majority of
Board members. The Board has defined the roles and responsibilities of the Risk Management Committee and may delegate
monitoring and reviewing of the Risk Management plan, to the Committee, and such other functions as it may deem fit.

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. Financial instruments affected by market risk include deposits, FVTOCI investments and FVTPL investments.

The Company has designed risk management framework to control various risks effectively to achieve the business objectives.
This includes identification of risk, its assessment, control and monitoring at timely intervals.

a. Interest rate risk :

Interest rate risk is the loss of fair value of future earnings of financial instruments because of changes in market interest
rates. Investment committee manages and constantly reviews the interest rate movements in the market in order to
optimise the Company’s interest income. The Company does not have any exposure to floating rate financial instruments.

b. Foreign Currency Risk :

Foreign currency risk is the loss of fair value of future earnings of financial instruments because of changes in foreign
exchange rates. The Company’s exposure to the risk of changes in foreign exchange rates relates primarily to the
Company’s operating activities (when revenue or expense is denominated in a foreign currency).

c. Equity price risk

Equity Price Risk is related to the change in market reference price of the investments in equity securities. The fair
value of some of the Company’s investments measured at fair value through other comprehensive income exposes the
Company to equity price risks. These investments are subject to changes in the market price of securities. The fair value
of Company’s investment in quoted equity securities as of March 31,2026 and 2025 was Rs. 984.00 lakhs and Rs. 801.00
lakhs, respectively. A 10% change in equity price as of March 31, 2026 and 2025 would result in a pre- tax impact of Rs.
98.40 lakhs and Rs. 80.10 lakhs, respectively.

Foreign currency sensitivity

The following table demonstrate the sensitivity to a reasonably possible change in USD rate, with all other variables
held constant. The impact on the Company’s profit before tax is due to changes in the fair value of monetary assets and
liabilities. The Company’s exposure to foreign currency changes for all other currencies is not material.

Credit Risk :

Credit risk is the risk of possible default by the counter party resulting in a financial loss. The Company manages its credit
risk through various internal policies and procedure set forth for effective control over credit exposure. Major credit risk at the
reporting date is from trade receivables. Trade receivables are managed by way of setting various parameters like credit limit,
evaluation of financial condition before supply, supply terms, industry trends, ageing analysis.Concentration of credit risk with
respect to trade receivables are limited, due to the Company’s customer base being large and diverse. All trade receivables are
reviewed and assessed for default on a quarterly basis. Our historical experience of collecting receivables indicate a low credit
risk. Hence, trade receivables are considered to be a single class of financial assets.

The Company maintains exposure in cash and cash equivalents, term deposits with banks, investments in equity instruments,
money market liquid mutual funds, Bonds and Non-Convertiable debentures with financial institutions. The Company has set
counterparty limits based on multiple factors including financial position, credit rating, etc.

The Company’s maximum exposure to credit risk as at 31^st March, 2026 and 31^st March, 2025 is the carrying value of each
class of financial asset.

Liquidity Risk:

Liquidity risk is the risk that the Company will not be able to meet its financial obligations as they fall due. The Company’s
approach to managing liquidity is to ensure, as far as possible, that it will always have sufficient liquidity to meet its liabilities
when due, under both normal and stressed conditions, without incurring unacceptable losses or risking damage to the
Company’s reputation.

The Company manages liquidity risk by maintaining adequate reserves, by continuously monitoring forecast and actual cash
flows and matching the maturity profiles of the financial assets and liabilities.

The table below summarises the maturity profile of the Company’s financial assets and liabilities based on contractual
undiscounted payments.

The management assessed that cash and cash equivalents, trade receivables, loans, trade payables, other financial assets and
other financial liabilities approximate their carrying amounts largely due to the short-term maturities of these instruments.

The fair value of the financial assets and liabilities is included at the amount at which the instrument could be exchanged in a current
transaction between willing parties, other than in a forced or liquidation sale. The following methods and assumptions were used
to estimate the fair values:

Fair Value hierarchy

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

Level 2 - Valuation techniques for which the lowest level input that is significant to the fair value measurement is directly or
indirectly observable.

Level 3 - Valuation techniques for which the lowest level input that is significant to the fair value measurement is directly or
indirectly unobservable.

40. Capital Management

Capital includes equity attributable to the equity holders to ensure that it maintains an efficient capital structure and healthy
capital ratios in order to support its business and maximise shareholder value. The Company manages its capital structure
and makes adjustments to it, in light of changes in economic conditions or its business requirements. To maintain or adjust
the capital structure, the Company may adjust the dividend payment to shareholders, return capital to shareholders (buy-back
of shares) or issue new shares. No changes were made in the objectives, policies or processes during the year ended 31^st
March 2026 and 31^st March 2025.

The Company maintains a strong capital base and the primary objective of Company’s capital management is to maximise
the shareholder value.

The Company monitors capital using a gearing ratio, which is net debt divided by total capital plus net debt. Net debt is
calculated as loans and borrowings less cash and cash equivalents. Based on this, Company is a debt free Company and
would like to remain debt free.

The Company does not have any interest bearing loans and borrowings in the current year as well as previous year.

43. Exceptional Item:

The Government of India has notified the four Labour Codes ('New Labour Codes’) effective November 21, 2025, along with
draft Central Rules and FAQs. The Company has assessed the estimated impact arising on account of the changes in the
New Labour Codes especially due to the change in wage definition based on its best judgement in consultation with external
experts. Accordingly, the Company has recognised incremental estimated obligations aggregating ?2,078.91 lakhs based
on actuarial valuation in accordance with Ind AS 19 - 'Employee Benefits’ and consistent with guidance provided by the
Institute of Chartered Accountants of India. The incremental impact has been disclosed as an exceptional item given the non¬
recurring nature of this expense arising on account of a regulatory change. The Company is in the process of reassessing and
implementing policy changes to its existing employee benefit policies. The Company continues to monitor the finalisation of
Central and State Rules and clarifications from the Government on other aspects of the New Labour Codes and would provide
appropriate accounting effect on the basis of such developments, if any, as required.

44. Disclosure of Employee benefits:

As per Ind AS 19 -"Employee Benefits”, the disclosures as required by the Accounting Standard are given below :

Defined Contribution Plan

Contribution to Defined Contribution Plans are recognised as an expense for the year under Contribution to provident and other
funds (Refer Note 32) as under:-

45 Segment Information:

Operating Segment

Operating segments are reported in a manner consistent with the internal reporting provided to the Management regarded
as the Chief Operating Decision Maker ("CODM”).The Company is engaged in pharmaceutical business which as per Ind AS
108 - "Operating Segments” is considered the only business segment. The Company’s chief operating decision maker is the
Managing Director of the Company.

The CODM evaluates the Company’s performance and allocates resources based on an analysis of various performance
indicators of operating segment. The CODM reviews revenue and gross profit as the performance indicator of the
operating segment.

Geographical Information

The Company’s operating divisions are managed from India. The principal geographical areas in which the Company operates
are India, USA and others. The country-wise segmentation is not relevant as exports to individual countries is not more than
10% of enterprise revenue.

46. Related party disclosures, as required by Ind AS 24 - "Related Party Disclosures" are given below: (Contd.)
Terms and conditions of transactions with related parties

The sales to related parties are made on terms equivalent to those that prevail in arm's length transactions. Outstanding
balances at the year-end are unsecured and interest free and settlement occurs in cash. There have been no guarantees
provided or received for any related party receivables or payables. This assessment is undertaken each financial year through
examining the financial position of the related party and the market in which the related party operates.

47. Dislosure under Ind AS 115 - Revenue from contracts with customers

The Company is engaged into manufacturing of Pharamaceutical products. There is no impact on the Company’s revenue on
applying Ind AS 115 from the contract with customers.

52 Other Notes:

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

(b) The Company does not have any charges or satisfaction which is yet to be registered with ROC beyond the statutory period.

(c) The Company does 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

(d) The Company has not entered with any Scheme(s) of arrangement in terms of sections 230 to 237 of the Companies Act, 2013.

(e) No funds have been advanced or loaned or invested (either from borrowed funds or share premium or any other sources or
kind of funds) by the Company to or in any other person(s) or entity(ies), including foreign entities ("Intermediaries”) with
the understanding, whether recorded in writing or otherwise, that the Intermediary shall lend or invest in party identified by
or on behalf of the Company (Ultimate Beneficiaries). The Company has not received any fund from any party(s) (Funding
Party) with the understanding that the Company shall whether, directly or indirectly lend or invest in other persons or entities
identified by or on behalf of the Company ("Ultimate Beneficiaries”) or provide any guarantee, security or the like on behalf of
the Ultimate Beneficiaries.

(f) No funds have been received by the Company from any person(s) or entity(ies), including foreign entities ("Funding Parties”),
with the understanding, whether recorded in writing or otherwise, that the Company shall, directly or indirectly, lend or invest
in other persons or entities identified in any manner whatsoever by or on behalf of the Funding Party ("Ultimate Beneficiaries”)
or provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries.

(g) Donations under note 35 includes donations for political purposes

Pursuant to the resolution passed at a meeting of the Board of Directors, during the current year donations amounting to Rs.
Nil (Previous year - Rs. 350.00 lakhs) were made for political purposes to The Bharatiya Janta Party, which is within the limits
specified by section 182 (1) of the Companies Act, 2013.

(h) Consequent to the issuance of "Guidance note on Division II - Ind As schedule III to the Companies Act 2013” certain items
of financial statements have regrouped /reclassified. Previous year’s figures have been regrouped/reclassified wherever
necessary to correspond with the current year’s classification/disclosure