5c Estimation of fair value

The company undertakes valuation for its investment properties at least once in three years from an Independent Valuer.
The fair values of investment properties have been determined by Prasad & Associates & Techno Design Govt. Registered
Valuers & Chartered Engineers. The best evidence of fair value is current prices in an active market for similar properties.
The valuer has considered the current prices in an active market for properties of different nature or recent prices of similar
properties in less active markets, adjusted to reflect the differences with regard to availability of the infrastructure facilities,
locality of the property and market demand for those properties. Accordingly, fair value estimates for investment properties
are included in level 3. However, in case of properties acquired during the year, transaction price is considered as fair value.

B. Rights attached to Equity Shares

The Company has only one class of equity shares having a par value of Rs. 2/- (Previous year Rs. 10/-) per share
consequent to share split held on 04-03-2025 in the ratio of 1:5. Each holder of equity shares is entitled to one vote per
share at the general meetings of the Company. In the event of winding-up of the company, the holders of equity
shares are eligible to receive share in the remaining assets of the company after distribution of all preferential amounts
in proportion to their share holding. The Company declares and pays dividends in Indian rupees. The dividend proposed
by the Board of Directors is subject to the approval of shareholders in the ensuing Annual General Meeting.

Nature of reserves:

a) Securities premium : Securities premium represents premium received on issue of shares. The reserve is utilised in
accordance with the provisions of Companies Act, 2013.

b) General reserve : The general reserve is created by way of transfer of part of the profits before declaring dividend
pursuant to the provisions of Companies Act, 2013.

c) Capital Reserve: It represents the grant-in-aid received under the Scheme "Integrated Cold Chain and Value addition
Infrastructure" from MOFPI of Government of India.

d) Retained earnings : Retained earnings generally represents the undistributed profit amount of accumulated earnings
of the company

e) Other Comprehensive Income:

Other Comprehensive Income (OCI) represents the balance in equity for items to be accounted under OCI and comprises
of:

A. Items that will not be reclassified to profit and loss

(i) The Company has made an irrevocable election to present the subsequent fair value changes of investments
in OCI. This reserve represents the cumulative gains and losses arising on the revaluation of equity instruments
measured at fair value including tax effects. The company transfers restated fair value amounts from this
reserve to "retained earnings" when the relevant financial instruments are disposed.

(ii) The actuarial gains and losses along with tax effects arising on defined benefit obligations are recognised in
OCI.

(iii) Foreign Currency Translation Reserve relates to exchange differences for investment in Wholly owned foreign
subsidiaries as the same are classified as non-integral foreign operations

B. Items that will be reclassified to profit and loss:

(i) The effective portion of changes in fair value of cash flow hedging instruments are recognised in OCI. The
accumulated gains/losses will be reclassified to profit and loss in the periods when the hedged items affects
profit or loss.

Defined Benefit Plans:

A. The company provides for gratuity to the employees as per Payment of Gratuity Act,1972. Employees who are in
continuous service for a period of 5 years are eligible for gratuity. The amount of gratuity is payable on retirement/
resignation. The gratuity plan is a funded plan and the company makes contributions to recognised funds in India.

B. The employees' gratuity fund scheme managed by a Trust is a defined benefit plan. The present value of obligation is
determined based on actuarial valuation using the "Projected Unit Credit Method" which recognizes each period of
service as giving rise to additional unit of employee benefit entitlement and measures each unit separately to build up
the final obligation

39 M/S Seacrest seafoods inc. (Seacrest). was incorporated in the year 2015, as a wholly owned subsidiary of the company
with an object to import marine products and trade in the USA. Seacrest could not carry its operations profitably, due to
COVID and various other factors, like recession, inflation, dumping of sea-foods into USA by Ecuador and South America,
resulting in its net-worth has become almost negative as at 31. 03.2024. As per 27 and 36 of Ind AS, the company is
required to provide for impairment in respect of the erosion in its net-worth.However, on 25th April 2024, Seacrest,
approached the company, with its offer of "Buy-back" of company's entire investment of 3 million US $ at par, within 6 to
9 months, as Seacrest has entered into a Business collaboration agreement (BCA) with MVP WHOLESALE LLC., on 25th
April, 2024 and the company has accepted the said offer. However, Seacrest , requested for extention of the period of "buy¬
back" for a further period of 12 months due to prevailing geopolitical conditions vide its communication dated 15th March,

41 EARNINGS PER SHARE

Basic earnings per share is computed by dividing the net profit for the period attributable to the equity shareholders of the
Company by the weighted average number of equity shares outstanding during the period. The weighted average number
of equity shares outstanding during the period and for all periods presented is adjusted for events, such as bonus shares,
other than the conversion of potential equity shares that have changed the number of equity shares outstanding, without
a corresponding change in resources. For the purpose of calculating diluted earnings per share, the net profit for the
period attributable to equity shareholders and the weighted average number of shares outstanding during the period is
adjusted for the effects all dilutive potential equity shares.

b) As per the search report generated from the MCA portal, satisfaction of charges in respect of 2 charges created since
1988, are appearing as "open", though the company has filed the forms towards satisfaction of charges with Registrar
of Companies in respect of the same, within the statutory period prescribed under the Act.

c) The Company has compiled with the number of layers as prescribed under clause (87) of the section 2 of the Companies
Act, 2013 read with the Companies (Restriction on number of Layers) Rules, 2017.

d) There is no Scheme of Arrangements that has been approved 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(is), 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) The company has not granted any Loans or advances in the nature of loans to promoters, directors, KMPs and the
related parties (as defined under Companies Act, 2013,) either severally or jointly with any other person, other the two
wholly owned subsidiary companies (including one, incorporated out-side India), that are repayable on demand or
without specifying any terms or period of repayment.

g) There are no transactions that are not recorded in the books of account and have been surrendered or disclosed as
income during the year in the tax assessments under the Income Tax Act, 1961.

h) The Company has not traded or invested in Crypto currency or Virtual Currency during the financial year

55 RECENT ACCOUNTING PRONOUNCEMENTS

For the Year ended March 31st, 2025, MCA has not notified any new standards or amendments to the existing standards
applicable to the Company

56 Previous year's figures have been regrouped and rearranged wherever necessary to make them comparable with the
current year figures.

The fair values of the financial assets and liabilities are included at the amount that would be received on sale of an asset or
paid to transfer a liability in an orderly transaction between market participants at the measurement date.

I) The following methods and assumptions were used to estimate the fair values

The fair value of cash and cash equivalents, trade receivables and payables, financial liabilities and assets approximate
their carrying amount largely due to the short-term maturities of these instruments. The management considers that
the carrying amounts of financial assets and financial liabilities recognised at nominal cost/amortised cost in the
financial statements approximate their fair values. The fair value of unquoted equity investments designated and
recognised through Other Comprehensive Income has been determined by using the Cost approach technique through
the net assets value method.

The fair value of financial instruments as referred to above note have been classified into three categories depending
on the inputs used in the valuation technique. The hierarchy gives the highest priority to quoted prices in active
markets for identified assets or liabilities [Level 1 measurements] and lowest priority to unobservable inputs [Level 3
measurements].

The categories used are as follows:

Level 1: Level 1 hierarchy includes inputs are quoted prices (unadjusted) in active markets for identical assets or
liabilities that the entity can access at the measurement date.

Level 2: Inputs that are observable either directly or indirectly for the asset or liability, other than quoted prices
included within level 1.

Level 3: Inputs for the asset or liability which are not based on observable market data (unobservable inputs).

D Financial risk management framework

A) The Company's Board of Directors has overall responsibility for the establishment and oversight of the Company's risk
management framework. 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 Board of Directors moniters the 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 risk management framework aims at,

i) Improve financial risk awareness and risk transparency

ii) Identify, control and monitor key risks

iii) Identify risk accumulations

iv) Provide management with reliable information on the Company's risk situation

v) Improve financial returns

B) The company's activities expose it to market risk, liquidity risk and credit risk. This note explains the sources of risk
which the entity is exposed to and how the entity manages the risk.

a) Credit risk:

i) Credit risk is the risk that counterparty will not meet its obligations under a financial instrument or customer
contract, leading to a financial loss. The Company is exposed to credit risk from its operating activities (primarily
trade receivables), from cash and cash equivalents, deposits with banks. The management has a credit policy in
place and the exposure to credit risk is monitored on an ongoing basis

ii) Financial assets that are neither past due nor impaired

Cash and cash equivalents, deposits with banks, security deposits, investments in securities are neither past due
nor impaired. Cash and cash equivalents, deposits are held with banks which are reputed and credit worthy
banking institutions. Hence the expected credit loss is negligible. Investments in securities - the fair value of the
securities determined are higher than the cost incurred by the company and having sufficient margin. Hence the
expected credit loss is negligible.

iii) Financial assets that are past due but not impaired

Credit risk arising from trade receivables is managed in accordance with the Company's established policy,
procedures and control relating to customer credit risk management. The average credit period on sales of products
is less than 90 days. All trade receivables are reviewed and assessed for default on a quarterly basis. For trade
receivables, as a practical expedient, the Company computes credit loss allowance based on a provision matrix.
The provision matrix is prepared based on historically observed default rates over the expected life of trade
receivables and is adjusted for forward-looking estimates. The provision matrix at the end of the reporting period
is as follows:

b) Liquidity risk:

i) Liquidity risk is defined as the risk that the Company will not be able to settle or meet its obligations on time or at
a reasonable price. The Company's objective is to maintain optimum level of liquidity to meet it's cash and collateral
requirements at all times.Prudent liquidity risk management implies maintaining sufficient cash and marketable
securities and the availability of funding through an adequate amount of committed credit line to meet obligations
. Due to the dynamic nature of underlying bussiness, company maintains flexibility in funding by maintaining
availability under committed credit lines.

ii) Maturities of financial liabilities

The table below analyse the company's financial liabilities into relevant maturity groupings based on their contractual
maturities for all non derivative financial liabilities:

iii) Foreign currency risk -

The company operates internationally and is exposed to foreign exchange risk arising from foreign currency
transactions, primarily with respect to US$. Foreign exchange risk arises from future commercial transactions and
recognised assets and liabilities denominated in a currency that is not the company's functional currency. The risk
is measured through a forecast of highly probable foreign currency cash flows. The objective of hedges is to
minimise the volatility of the INR cash flows of highly probable forecast transactions.

The company's risk management policy is to hedge around 5% to 10% of forecasted foreign currency sales for
subsequent 12 months and accordingly, foreign exchange forward contracts are taken to hedge the foreign
exchange fluctuations on forecasted sales.

59 CAPITAL MANAGEMENT

The company's objectives when managing capital is to safeguard their ability to continue as a going concern, maintain a
strong credit rating and healthy capital ratios in order to support its business and provide adequate return to shareholders
through continuing growth and maximise the shareholders value. The company sets the amount of capital required on the
basis of annual business and long term operating plans which include capital and other strategic investments.The funding
requirements are met through a mixture of equity, internal fund generation and borrowed funds. The company tries to
maintain an optimal capital structure to reduce cost of capital and monitors capital on the basis of debt-equity ratio.