h. PROVISION FOR INCOME TAX

(i) Current Tax is the amount of Tax payable on the taxable income for the year as determined
in accordance with provision of Income Tax Act. 1961.

(ii) Deferred tax resulting from “timing difference” between book and taxable profit is accounted
for using tax rates and laws that have been enacted or subsequently enacted as on the
balance sheet date. The Deferred tax asset is recognized and carried forward only to the
extent that there is a reasonable certainty that the asset will be realized in future, however
where there is unabsorbed depreciation or carry forward of losses, deferred tax assets are
recognized only if there is a virtual certainty of realization of such assets supported by
convincing evidence that there will be sufficient future taxable income available to realize the
assets.

Note: 1 - Primary Security

First charge by way of Hypothecation in favour of SIDBI of all borrower's movables, including movables,
plant, machinery, machinery spares, tools & accessories Office equipments, computers, furnitutes and
fixtures, MFA, etc. acquired/ to be acquired under the project/ scheme

First charge by way of mortgage in favour of SIDBI of all that piece and parcel of Borrower's industrial use
non-agricultural land bearing block/survey no. 347 paiki, admeasuring 19,200 Sq.Mtrs, situated lying and
being at village-lunej, Taluka-Khambhat, Registration district-Anand and sub district-Khambhat together
with factory shed, building and structure thereon present & future

Collateral Security

First charge by way of Hypothecation in favour of SIDBI of all borrower's movables, including movables,
plant, machinery, machinery spares, tools & accessories Office equipments, computers, furnitutes and
fixtures, MFA, etc. acquired/ to be acquired under the project/ scheme and FD of Rs. 40.00 Lakhs

First charge by way of hypothecation of whole of current assets, both present & future

Personal Guarantee of Shri Bharat Jayantilal Pandya and Shri Anil Jayantilal Pandya

Note: 2 - Loan Sanctioned in the name of the director.

Note: 3 - Secured against Mortgage of Immovable Property (Residential home & Office in the name of
Directors & relatives)

The Disclosure in respect of the amounts payable to Micro and Small Enterprises have been made in the
financial statements based on the information received and available with the Company. Further, in view of
the Management, the impact of interest, if any, that may be payable in accordance with the provisions of the
Act is not expected to be material. The Company has not received any claim for interest from any supplier
as at the balance sheet date. These facts have been relied upon by the auditors.

Note-28

ADDITIONAL REGULATORY INFORMATION

I. Title deeds of Immovable Property not held in the name of the Company

The company does not possess any immovable property, whose title deeds of Immovable property
not held in the name of the company during the financial year ended March 31, 2025 and March 31,
2024.

II. Revaluation of Property, Plant and Equipment

The company has not revalued any of its property, plant and equipment during the years ended March
31,2025 and March 31, 2024.

Hence, the amount of change in gross and net carrying amount due to revaluation and impairment
losses/reversals is nil.

IV. Intangible assets under development ageing schedule / completion schedule

The company does not possess any of its Intangible assets under development during the years
ended March 31, 2025 and March 31, 2024.

V. Details of Benami Property held

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 rules made thereunder in the
financial years ended March 31, 2025 and March 31, 2024.

VI. Security of current assets against borrowings

The company has not borrowed from banks or financial institutions on the basis of security of current
assets as primary security.

VII. Wilful Defaulter

As informed to us, the company has not been declared as a wilful defaulter by any bank or financial
institution or other lender in the financial years ended March 31, 2025 and March 31, 2024.

VIII. Relationship with Struck off Companies

As informed to us and on the basis of verification, no any transactions entered with companies whose
names have been struck off under section 248 of Companies Act, 2013 or section 560 of companies
Act, 1956 in the financial years ended March 31,2025 and March 31, 2024.

IX. Registration of charges or satisfaction with Registrar of Companies (ROC)

During the audit period, there is no any registration of charges or satisfaction of charged with Registrar
of companies.

X. Compliance with number of layers of companies

Not Applicable, since the company has no any subsidiary company.

XII. Compliance with approved Scheme(s) of Arrangements

During the period ended March 31, 2025 and March 31, 2024, the company has not proposed any
scheme.

XIII. Utilisation of borrowed funds and share premium

The company has not received/advanced any fund from/to 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.

XIV. Other additional information to be disclosed by way of Notes to Statement of Profit and Loss
I. Adjustments to the carrying amount of investments

During the period ended March 31, 2025and March 31, 2024, the company has not adjusted in
the carrying amount of investment.

Note - 36

Estimated amount of contract as per the Management remaining to be executed on capital account and not
provided for Rs. Nil (Rs. Nil)

Note - 37

There amounts outstanding as at 31st March, 2025, due to supplier who constitute a Micro, Small and
Medium Enterprises as per MSMED Act, 2006 is Rs .139.39 lakh (Rs 221.52 Lakh)

Note - 38

Segment Reporting

The company is engaged in manufacturing and selling of chemical products. Since the company's business
falls within a single business segment, no further information for business segment is required.

Note - 39

The figures of the previous year have been regrouped wherever necessary to make them comparable with
current year figures. Figures in Bracket indicate previous year figures.

As per our report of even date attached FOR AND ON BEHALF OF THE BOARD OF DIRECTORS

For, DEVPURA NAVLAKHA & CO.

CHARTERED ACCOUNTANTS

FRN : 121975W BHARAT PANDYA ANIL PANDYA

CHAIRMAN AND WHOLETIME DIRECTOR

(RAHUL R. MODI) MANAGING DIRECTOR (DIN 00921815)

PARTNER (DIN 00921775)

MEMBERSHIP NO.184321

UDIN:24184321BKABZF5817 NARAYANSINGH DEORA PARTH B. THAKKAR

CHIEF FINANCIAL OFFICER COMPANY SECRATORY

Date : 28/05/2025
Place : AHMEDABAD