1.12 Provisions and contingencies
The Company creates a provision when there is
present obligation as a result of a past event that
probably requires an outflow of resources and a
reliable estimate can be made of the amount of
the obligation. A disclosure for a contingent
liability is made when there is a possible
obligation or a present obligation that may, but
probably will not, require an outflow of resources.
When there is a possible obligation or a present
obligation
in respect of which the likelihood of outflow of
resources is remote, no provision or disclosure is
made.
Provisions are reviewed at each balance sheet date
and adjusted to reflect the current best estimate. If it
is no longer probable that the outflow of resources
would be required to settle the obligation, the
provision is reversed.
Contingent assets are not recognised in the financial
statements. However, contingent assets are assessed
continually and if it is virtually certain that an
economic benefit will arise, the asset and related
income are recognised in the period in which the
change occurs.
1.13 Operating leases
Lease payments for assets taken on operating lease
are recognised as an expense in the statement of
profit and loss on a straight-line basis over the lease
term.
1.14 Employee Benefits:
The Company makes monthly contribution to
provident fund in respect of employees covered under
the Employees Provident Fund and Miscellaneous
Provisions Act, 1952 at the rate specified in the act and
the same is charged to revenue.
Gratuity paid during the year is debited to liability
account at the time of payment and liability on
account of gratuity is provided on the date of
Balance Sheet on actuarial valuation basis, at the
end of the year.
v) Employee Stock Ownership Plan Scheme
The company has granted 38700 options as Employees Stock Option on 09.12.2022 as per the provision of PAPL SIP 2022
scheme and the vesting period of option granted is over 4 years and 25% of number of options granted will be vesting every
year. However due to death and exit of the employees during the F.Y.2025-2026, 5750 Employee Stock options are cancelled
during the year. 6,800 Employee Stock options vested during the year 2025-2026. The total 26150 Employees Stock Option
vested till 31.03.2026 and out of which 7225 shares,11,925 and 6,725 shares has been exercised by employees in the year 2023¬
24, 2024-25 & 2025-26 respectivly.
The company has granted 2000 options as Employees Stock Option on 03.09.2025 as per the provision of PAPL SIP 2025
scheme and the vesting period of option granted is over 4 years and 25% of number of options granted will be vesting every
year.
ADDITIONAL REGULATORY INFORMATION REQUIRED BY SCHEDULE III TO
THE COMPANIES ACT , 2013
28 Registration ofcharges or satisfactionwithRegistrarofCompanies(ROC)
All charges or satisfaction are registered with ROC within the statutory period for the year ended 31st March 2026
and 31 March 2025. No charges or satisfactions are yet to be registered with ROC beyond the statutory period.
29 Event after reporting date
There have been no events after the reporting date.
30 Compliance with number of layers of companies
The Company has complied with the number of layers prescribed under clause (87) of section 2 of the Act read with
Companies (Restriction on number of Layers) Rules, 2017 for the year ended 31 March 2026 and 31 March 2025.
31 Utilisation of Borrowed funds and share premium
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 persons or entities, 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 also
not received any fund from any parties (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 Funding Party
("Ultimate Beneficiaries”) or provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries.
32 CompliancewithapprovedScheme(s)ofArrangements
There is no any scheme of Arrangement or Amalgamation initiated or approved by the Board of Directors and / or
Shareholders of the Company or competent authority during the year ended 31 March 2026 and 31 March 2025 or in
earlier years.
33 Undisclosed income
There are no transactions which have not been recorded in the books of accounts.
34 Title deeds of Immovable Properties not held in name of the Company
The Company does not possess any immovable property (other than properties where the Company is the lessee
and the lease agreements are duly executed in favour of the lessee) during the year ended 31 March 2026 and 31
March 2025.
35 Details of Crypto Currency or Virtual Currency
The Company has not traded or invested in Crypto currency or Virtual currency during the current or preceeding
financial year.
36 Details of Benami Property Held
No proceedings have been initiated during the financial year or pending as at the end of the financial year
against the Company for holding any benami property under the Benami Transactions (Prohibition) Act, 1988 (45
of 1988) and rules made thereunder.
37 Wilful Defaulter
The Company has not been declared as a wilful defaulter by any bank or financial institution or other lender in
the current or preceeding financial year.
38 Relationship with Struck off Companies
The Company haven otentered into any transaction during the current period or previous financial year with
the companies whose names have been struck off under section 248 of Companies Act, 2013 or section 560 of
Companies Act, 1956 and there is no outstanding receivable from / payable to such companies as at the end of period.
39 The financial statements are approved for issue by the Board of Directors on 15th May 2026.
40 Thepreviousyear'sfigureshavebeenrecast / regrouped / rearranged wherever considered necessary.
41 There are Loans or Advances in the nature of loans granted to promoters, directors,KMPs
and the related parties (as defined under Companies Act, 2013,) that are:
42 Balance of Debtors & Creditors & Loans & advances Taken & giving are subject to confirmation and subject to
consequential adjustments, if any. Debtors & creditors balance has been shown separately and the advances
received and paid from/to the parties is shown as advance from customer and advance to suppliers.
43 The said provisions of Corporate Social Responsibility under section 135 of Companies Act, 2013 is applicable to the
company.
44 Segment reporting
TheGroup hasoperatedonly in one business segment i.e Agro Commodity business (Maijor business Dryfruits)
during the year. Therefore, the group has only one reportable business segment, the results of which are disclosed in the
financial statements. Since business operations of the group are concentrated in India, the group is considered to
operate mainly in domestic segment and therefore there is no reportable geographic segment.
46 Details of dues to micro, small and medium enterprises
TradePayablesincludes Rs. 121.18 lakhs payable to "Suppliers”registered under the Micro, Small and Medium
Enterprises Development Act, 2006. No interest has been paid/is payable by the Company during the period to
"Supplie rs” registered under this act. The aforementioned is based on the responses received by the Company to its
inquiries with suppliers with regard to applicability under the said act.
47 Contingent liabilities
1. Bank Guarantee: ^10.00 lakh.
2. GST Matters under Appeal:
• The Company has received a demand notice from the GST Department, Maharashtra, amounting to f29.05 lakh for FY 2018¬
19 . The Company has filed an appeal before the Commissioner (Appeals) against the order and has deposited f2.91 lakh
under protest.
• The Company has also received demand notices from the GST Department, Gujarat, amounting to:
o f14.35 lakh for FY 2018-19, against which an appeal has been filed before the Commissioner (Appeals) and f0.69 lakh
has been deposited under protest.
o f 27.88 lakh for FY 2021-22, against which an appeal has been filed before the Commissioner (Appeals) and f 15.40 lakh
has been deposited under protest.
Total Contingent Liabilities: f81.28 lakh (including bank guarantee), subject to the outcome of the appeals.
50 Operating leases
TheCompany has taken premise on operating lease. Gross rental expenses for the period ended 31 March 2026
aggregated to Rs. 79.10 lakhs (Previous year: Rs. 70.34 lakhs) which has been included under the head other
expenses - Rent under note 25 in the statement of profit and loss.
51 Disclosure pursuant to Accounting Standard 15 (Revised) - Employee benefits:
TheCompanyhasclassifiedthe variousbenefitsprovidedtoemployeesasunder:
A) Employers Contribution to Employee Provident Fund
The expense recognised during the period towards defined contribution plan -
B) Defined contribution plan (gratuity):
Amount of Rs. 21.61 lakhs (Previous period: (12.29) lakhs is recognised as expenses/(Income) and included in
"employee benefit” - Notes 23 in the statement of profit and loss.
The following tables summarise the components of the net employee benefit expenses recognised in the
statement of profit and loss and amounts recognised in the balance sheet for the gratuity benefit plan.
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