l) Provisions, Contingent Liabilities and Contingent Assets and Commitments

Provisions are recognized when the Company has a present obligation (legal or constructive) as a result of a past event, it is
probable that the Company will be required to settle the obligation, and a reliable estimate can be made of the amount of the
obligation.

The amount recognized as a provision is the best estimate of the consideration required to settle the present obligation at
the end of the financial year, taking into account the risks and uncertainties surrounding the obligations. When a provision
is measured using the cash flow estimated to settle the present obligation, its carrying amount is the present obligations of
those cash flows (when the effect of the time value of money is material). When discounting is used, the increase in provision
due to passage of time is recognised as a finance cost.

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party,
a receivable is recognized as an asset if it is virtually certain that reimbursement will be received and the amount of the
receivable can be measured reliably.

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. Where there is a possible obligation or a present obligation in respect of which the
likelihood of outflow of resources is remote, no disclosure is made.

Contingent assets are neither recognized nor disclosed unless inflow of economic benefits is probable. However, when
realization of income is virtually certain, related asset is recognized.

m) Revenue Recognition

Revenue from Contracts with Customers

Revenue from contract with customer is recognised when control of the goods or services are transferred to the customer
at an amount that reflects the consideration to which the Company expects to be entitled in exchange for those goods or
services. Revenue is measured based on the transaction price, which is the consideration, adjusted for discounts and other
incentives, if any, as per contracts with the customers. The Company assesses its revenue arrangements against specific criteria
to determine if it is acting as principal or agent. The Company has concluded that it is acting as a principal in all of its revenue
arrangements.

Revenue is recognised in the income statement to the extent that it is probable that the economic benefits will flow to the
Company and the revenue and costs, if applicable, can be measured reliably.

The Company has applied five step model as per Ind AS 115 'Revenue from contracts with customers' to recognise revenue
in the financial statements. The Company satisfies a performance obligation and recognises revenue over time, if one of the
following criteria is met:

a) The customer simultaneously receives and consumes the benefits provided by the Company's performance as the
Company performs; or

b) The Company's performance creates or enhances an asset that the customer controls as the asset is created or enhanced;
or

c) The Company's performance does not create an asset with an alternative use to the Company and the entity has an
enforceable right to payment for performance completed to date.

For performance obligations where one of the above conditions are not met, revenue is recognised at the point in time at
which the performance obligation is satisfied.

Revenue is recognised either at point of time and over a period of time based on various conditions as included in the contracts
with customers.

Revenue from sale of goods

Revenue from sale of goods is recognised at the point in time when control of the goods is transferred to the customer, generally
on delivery of the goods as per terms agreed with the customer. The company considers whether there are other promises
in the contract that are separate performance obligations to which a portion of the transaction price needs to be allocated.
In determining the transaction price for the sale of goods, the company considers the effects of variable consideration, the
existence of significant financing components, noncash consideration, and consideration payable to the customer (if any).

The Company is working as a principal in this arrangement and revenue is being recognised on gross basis. No significant
element of financing is deemed present as the sales are made on standard credit period, which is consistent with market
practice.

A receivable is recognised when the goods are delivered as this is the point in time that the consideration is unconditional
because only the passage of time is required before the payment is due.

The Company also offer volume and cash discount to the customers. Accumulated experience is used to estimate and provide
for the discounts, using the expected value method, and revenue is only recognised to the extent that it is highly probable
that a significant reversal will not occur.

Contract Balances
Trade receivables

A receivable represents the Company's right to an amount of consideration that is unconditional i.e. only the passage of time
is required before payment of consideration is due.

The Company measures the expected credit loss of trade receivables from individual customers based on the historical trend,
industry practices and the business environment in which the entity operates.

Contract Liability

A contract liability is the obligation to transfer goods or services to a customer for which the Company has received
consideration (or an amount of consideration is due) from the customer. Contract liabilities are recognised as revenue when
the Company performs obligations under the contract. The same is disclosed as "Advance from Customers" under Other
Current Liabilities. The contract liabilities are recognised as revenue when the performance obligation is satisfied.

Interest Income

Interest income from a financial asset is recognized when it is probable that the economic benefit will flow to the Company
and the amount of income can be measured reliably. Interest income is accrued on a time basis, by reference to the principal
outstanding and the interest rate applicable, which is the rate that exactly discounts estimated future cash receipts through
the expected life of the financial asset to that asset's net carrying amount on initial recognition.

n) Employee Benefits

Employee benefits include provident fund, employee state insurance scheme, gratuity fund and compensated absences.
Defined Contribution Plan:

The Company's contribution to Provident Fund is considered as defined contribution plans and are charged as an expense
based on the amount of contribution required to be made and when services are rendered by the employees.

Defined benefit plans:

For defined benefit plans in the form of gratuity fund, the cost of providing benefits is determined using the Projected Unit
Credit method, with actuarial valuations being carried out at each balance sheet date. Remeasurement, comprising actuarial
gains and losses, the effect of the changes to the return on plan assets (excluding net interest), is reflected immediately in
the balance sheet with a charge or credit recognized in other comprehensive income in the period in which they occur.
Remeasurement recognized in other comprehensive income is reflected immediately in retained earnings and is not
reclassified to in the statement of profit and loss. Net interest is calculated by applying the discount rate to the net defined
benefit liability or asset.

The Company recognizes the following changes in the net defined benefit obligation as an expense in the statement of profit
and loss:

1) Service costs comprising current service costs, gains and losses on curtailments and settlements; and

2) Net interest expense or income

The retirement benefit obligation recognized in the Balance Sheet represents the present value of the defined benefit
obligation as adjusted for unrecognized past service cost, as reduced by the fair value of scheme assets. Any asset resulting
from this calculation is limited to past service cost, plus the present value of available refunds and reductions in future
contributions to the schemes.

Short-term and Long-term Employee Benefits:

A liability is recognised for benefits accruing to employees in respect of wages and salaries expected to be paid and other
short-term employee benefit are recognised in the period in which the employee renders related services.

Liabilities recognised in respect of short-term employee benefits are measured at the undiscounted amount of the benefits
expected to be paid in exchange of the related service.

Other employee benefits comprise of compensated absences/leaves. The actuarial valuation is done as per projected unit
credit method. The Company allocates accumulated leaves between short term and long term liability based on actuarial
valuation as at the end of the period.

o) Borrowing costs

Borrowing costs include interest costs in relation to financial liabilities, amortization of ancillary costs incurred in connection
with the arrangement of borrowings, interest on lease liabilities which represents unwinding of the discount rate applied to
lease liabilities and other borrowing cost.

p) Taxation

Tax expense represents the sum of the current tax and deferred tax.

Current Tax

The tax currently payable is based on taxable profit for the year. Current tax is measured at the amount expected to be paid to
the tax authorities, based on estimated tax liability computed after taking credit for allowances and exemption in accordance
with the tax laws that have been enacted or substantively enacted by the end of reporting period and including any tax adjust
to tax payable in respect to PY. The Company's current tax is calculated using tax rates that have been enacted or substantively
enacted by the end of the financial year.

Deferred tax

Deferred tax is recognized on temporary differences between the carrying amounts of assets and liabilities in the financial
statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally
recognized for all taxable temporary differences. Deferred tax assets are generally recognized for all deductible temporary
differences to the extent that it is probable that taxable profits will be available against which those deductible temporary
differences can be utilized. Such deferred tax assets and liabilities are not recognized if the temporary difference arises from
the initial recognition of assets and liabilities in a transaction that affects neither the taxable profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at the end of each financial year and reduced to the extent that it is no
longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax liabilities and assets are measured at the tax rates that are expected to apply in the period in which the liability
is settled or the asset realized, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end
of the financial year.

The measurement of deferred tax liabilities and assets reflects the tax consequences that would follow from the manner in
which the Company expects, at the end of the financial year, to recover or settle the carrying amount of its assets and liabilities.

In accordance with Ind-AS 12, deferred tax assets and deferred tax liabilities are offset only when the entity has a legally
enforceable right to set off current tax assets against current tax liabilities, and intends either to settle on a net basis or to
realize the asset and settle the liability simultaneously.

Current and deferred tax for the year

Current and deferred tax are recognized in the statement of profit and loss, except when they relate to items that are recognized
in other comprehensive income or directly in equity, in which case, the current and deferred tax are also recognized in other
comprehensive income or directly in equity respectively.

q) Earnings per share

A basic earnings per share is computed by dividing the profit/(loss) for the year attributable to equity shareholders by the
weighted average number of equity shares outstanding during the year. The company did not have any potential to dilutive
securities.

r) Cash dividend to equity holders of the Company

Dividend distributions payable to equity shareholders are debited directly to equity. It is included in other liabilities when the
dividends have been approved in a general meeting but not distributed prior to the reporting date.

s) Segment reporting

According to Ind AS 108, identification of operating segments is based on Chief Operating Decision Maker (CODM) approach
for making decisions about allocating resources to the segment and assessing its performance. The business activity of the
group falls within one broad business segment viz. "Food Products" and substantially sale of the products and Non-current
assets are within the country.

t) Recent Accounting pronouncements

Ministry of Corporate Affairs ("MCA") notifies new standards or amendments to the existing standards under Companies
(Indian Accounting Standards) Rules as issued from time to time.

In May 2025, MCA notified amendments to Ind AS 21 - The Effects of Changes in Foreign Exchange Rates, applicable w.e.f. April
1,2025. The Company has reviewed the amendment and based on its evaluation has determined that it does not have any
significant impact in its financial statements.

In August 2025, MCA notified the following amendments to:

Ind AS 1, Presentation of Financial Statements, applicable w.e.f. April 1, 2025 - The amendment relates to classification of
liabilities as current or non-current and non-current liabilities with covenants. In the context of classifying a liability as current,
it removes the requirement of existence of a right to defer settlement for at least 12 months after the reporting date and
instead requires that the said right should exist on the reporting date and have substance. The amendment also introduces
guidance on classification of liabilities with covenants. The Company has no impact of these amendments in its classification
criteria of current and non-current liabilities.

Ind AS 7, Statement of Cash Flows and Ind AS 107, Financial Instruments: Disclosures, applicable w.e.f. April 1, 2025 - The
amendment in Ind AS 7 requires to inform users of financial statements of the existence of supplier finance arrangements and
explain the nature of the arrangements, the carrying amount of liabilities and the range of payment due dates. Ind AS 107 has
been amended to add supplier finance arrangements as a factor that may cause concentration of liquidity risk. The Company
has reviewed the amendment and based on its evaluation has determined that it does not have any significant impact in its
financial statements.

Ind AS 12, International Tax Reform - Pillar Two Model Rules applicable immediately - The amendments provide a temporary
mandatory relief from deferred tax accounting for top-up tax and disclose that they have applied the relief. This relief
is immediate and applies retrospectively. The Company has reviewed the amendment and based on its evaluation has
determined that it does not have any significant impact in its financial statements.

Standards issued but not yet effective

MCA vide notification dated 13 August 2025, has introduced amendment under Paragraph 74 of Ind AS 1 which requires the
entity to classify the liability as current under the aforementioned situation because, at the end of the reporting period, it does
not have the right to defer its settlement for at least twelve months after that date. Such amendment has been made effective
for annual reporting periods beginning on or after 01 April 2026 retrospectively in accordance with Ind AS 8. This amendment
is not expected to have a material impact on its financial statements.

b) Nature and Purpose of reserve

Capital reserve : The company has created capital reserve on account of forfeiture of Equity shares.

Securities premium reserve : The amount received in excess of face value of the equity shares is recognised in Securities Premium
Reserve. This reserve is available for utilization in accordance with the provisions of the Companies Act, 2013.

General reserve : General reserve is created from time to time by way of transfer of profits from retained earnings for appropriation
purposes. General reserve is created by a transfer from one component of equity to another and is not an item of other comprehensive
income.

Retained earnings : Retained earnings are the profits that the Company has earned till date, less any transfers to general reserve,
dividends or other distributions paid to shareholders.

Remeasurement of Defined Benefit Plan: This represents the actuarial gains/losses recognised in other comprehensive income.

Cash flow hedges: The cash flow hedging reserve represents the cumulative effective portion of gains or losses arising on changes
in fair value of designated portion of hedging instruments entered into for cash flow hedges. The cumulative gain or loss arising
on changes in fair value of the designated portion of the hedging instruments that are recognised and accumulated under the
heading of cash flow hedging reserve will be reclassified to profit or loss only when the hedged transaction affects the profit or loss,
or included as a basis adjustment to the non-financial hedged item.

* Each EMI includes interest portion also.

(i) Term Loan of ? 36.83 crore as on March 31,2026 (as at March 31,2025 ? 34.07 crore ) availed from CSB Bank Ltd. is secured by way
of following security :

1. Exclusive charge on movable Plant & Machinery financed by CSB Bank Ltd.

2. Fixed Deposit of ? 1.50 Crore

The Term Loan from CSB Bank Limited is also secured by Comfort Letter from Vadilal Industries Limited along with personal
guarantee of Mr Rajesh R. Gandhi, Mr Devanshu L. Gandhi and Mr. Janmajay V. Gandhi, Promoter of the company.

(ii) Term Loan of ? 23.30 Crore as on March 31,2026 (as at March 31,2025 ? 10.97 Crore) availed from IndusInd Bank Ltd. is secured by
way of following security :

1. Exclusive charge on movable Plant & Machinery financed by IndusInd Bank Ltd.

2. Fixed Deposit of ? 1.50 Crore

The Term Loan from IndusInd Bank Ltd. is also secured by Comfort Letter from Vadilal Industries Limited along with personal
guarantee of Mr Rajesh R. Gandhi and Mr Devanshu L. Gandhi Promoter of the company.

(iii) Vehicle loans from HDFC Bank Limited are secured against hypothecation of specific vehicles of the Company.

NOTE :37 SEGMENT INFORMATION :

The Company is primarily engaged in the business segment of "Food Products" which is Ice cream/ Frozen Dessert/ Process Food/
Flavoured Milk and Dairy Products. Information reported to and evaluated regularly by the Chief Operating Decision Maker (CODM) for
the purposes of resource allocation and assessing performance focuses on the business as a whole and accordingly, in the context of
Operating Segment as defined under the Indian Accounting Standard 108, there is single reportable segment.

NOTE :38 FINANCIAL INSTRUMENTS

1. Capital Management

The Company manages its capital so as to safeguard its ability to continue as a going concern and to optimise returns to shareholders.
The Capital structure of the company is based on management's judgment of its strategic and day-to-day needs with a focus on
total equity to maintain investor, creditors and market confidence and to sustain future development and growth of its business.

The management and the Board of Directors monitors the return on capital as well as the level of dividends to shareholders. The
company may take appropriate steps in order to maintain, or if necessary adjust, its capital structure.

The capital structure of the Company consists of net debt and total equity of the Company.

The company sets the amount of capital required on the basis of annual business and long term operating plans which includes
capital and other strategic investments.

2. Category-wise classification of financial instruments
Fair value:

Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between
market participants at the measurement date, regardless of whether that price is directly observable or estimated using another
valuation technique. In estimating the fair value of an asset or liability, the Company takes into account the characteristics of
the asset or liability if market participants would take those characteristic into account when pricing the asset or liability at the
measurement date.

All assets and liabilities for which fair value is measured or disclosed in the financial statements are categorized within the fair
value hierarchy, described as follows, based on the lowest level input that is significant to the fair value measurement as a whole:

1) Level 1 — Quoted (unadjusted) market prices in active markets for identical assets or Liabilities.

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

3) Level 3 — Valuation techniques for which the lowest level input that is significant to the fair value measurement is
unobservable.

3 Financial risk management

The Company's financial liabilities comprise mainly of borrowings, trade payables and other financial liabilities. The Company's
financial assets comprise mainly of investments, cash and cash equivalents, other balances with banks, loans, trade receivables and
other financial assets. The Company's business activities are exposed to a variety of financial risks, namely liquidity risk, market risks
and credit risks. The company's senior management has the overall responsibility for establishing and governing the company's risk
management framework.

The company's size and operations result in it being exposed to the following market risks that arise from its use of financial
instruments:

Interest rate risk

The above risks may affect the company's income and expenses, or the value of its financial instruments. The company's
exposure to and management of these risks are explained below:

Interest rate risk

Interest rate risk is the risk that the fair value of future cash flows of the financial instruments will fluctuate because of changes
in market interest rates. In order to optimize the Company's position with regards to interest income and interest expenses and
to manage the interest rate risk, treasury performs a comprehensive corporate interest rate risk management by balancing the
proportion of fixed rate and floating rate financial instruments in its total portfolio.

According to the Company interest rate risk exposure is only for floating rate borrowings. For floating rate liabilities, the
analysis is prepared assuming that the amount of the liability outstanding at the end of the financial year was outstanding for
the whole year. A 100 basis point increase or decrease is used when reporting interest rate risk internally to key management
personnel and represents management's assessment of the reasonably possible change in interest rates.

Interest rate swap contract

Under interest rate swap contracts, the Company agrees to exchange the difference between fixed and floating rate interest
amounts calculated on agreed principal amounts. Such contracts enable the Company to mitigate the risk of changing interest
rates on the cash flow exposures on the variable rate loan. The following tables detail the principal amounts and remaining
terms of interest rate swap contracts outstanding at the end of the reporting period. Interest rate swap contracts exchanging
floating rate interest amounts for fixed rate interest amounts are designated as cash flow hedges in order to reduce the
Company's cash flow exposure resulting from variable interest rates on borrowings. The interest rate swaps and the interest
payments on the loan occur simultaneously and the amount accumulated in equity is reclassified to profit or loss over the
period that the floating rate interest payments on debt affect statement of profit and loss statement.

Hedge Effectiveness

There is an economic relationship between the hedged items and the hedging instruments as the terms of the hedge
contracts match the terms of hedge items. The Company has established a hedge ratio of 1:1 for the hedging relationships
as the underlying risk of the interest rate are identical to the hedged risk components. To test the hedge effectiveness, the
Company compares the changes in the fair value of the hedging instruments against the changes in fair value of the hedged
items attributable to the hedged risks.

Source of Hedge ineffectiveness

In case of interest rate risk, the main source of hedge ineffectiveness is the effect of the counterparty and the Company's own
credit risk on the fair value of hedge contracts, which is not reflected in the fair value of the hedged items. There is no such
impact of the same.

B) Management of Credit Risk

Credit risk arises from the possibility that the counter party may not be able to settle their obligations as agreed. Financial
instruments that are subject to credit risk principally consist of Loans, Trade and Other Receivables, Cash & Cash Equivalents,
Investments and Other Financial Assets. To manage this, the Company periodically assesses financial reliability of customers,
taking into account the financial condition, current economic trends, and analysis of historical bad debts and ageing of
accounts receivable. Individual risk limits are set accordingly.

The company considers the probability of default upon initial recognition of asset and whether there has been a significant
increase in credit risk on an ongoing basis through out each financial year. To assess whether there is a significant increase in
credit risk, the company compares the risk of default occurring on asset as at the reporting date with the risk of default as at
the date of initial recognition. It considers reasonable and supportive forward-looking information such as:

1. Actual or expected significant adverse changes in business.

2. Actual or expected significant changes in the operating results of the counterparty.

3. Financial or economic conditions that are expected to cause a significant change to the counterparty's ability to meet its
obligations.

4. Significant increase in credit risk on other financial instruments of the same counterparty.

5. Significant changes in the value of the collateral supporting the obligation or in the quality of the third-party guarantees
or credit enhancements.

For financial assets other than trade receivables, Company presumes significant increase in credit risk only when financial
assets are past due more than 30 days. Credit risk encompasses both, the direct risk of default and the risk of deterioration
of creditworthiness as well as concentration of risks. Credit risk is controlled by analysing credit limits and creditworthiness
of counter parties on continuous basis with appropriate approval mechanism for sanction of credit limits. Credit risk from
balances with banks, financial institutions and investments is managed by the Company's treasury team in accordance with
the Company's risk management policy. Cash and cash equivalents and Bank deposits are placed with banks having good
reputation, good past track record and high quality credit rating.

The Company measures the expected credit loss of trade receivables based on historical trend, industry practices and the
business environment in which the entity operates. Loss rates are based on actual credit loss experience and past trends.

Before accepting any new customer, the Company assesses the potential customer's credit quality and defines credit limits
for customer. Limits attributed to customers are reviewed annually. There are no customers who represent more than 5% of
the total balance of trade receivable. iii. In determining the allowances for doubtful trade receivables, the Company has used
a practical expedient by computing the expected credit loss allowance for trade receivables based on a provision matrix.
The provision matrix takes into account historical credit loss experience and is adjusted for forward looking information. The
expected credit loss allowance is based on the ageing of the receivables that are due and rates used in the provision matrix.

Liquidity risk is the risk that the company will face in meeting its obligation associated with its financial liabilities. The
Company's approach in managing liquidity is to ensure that it will have sufficient funds to meet its liabilities when they are
due without incurring unacceptable losses. In doing this management considers both normal and stressed conditions.

Ultimate responsibility for liquidity risk management rests with the board of directors, which has established an appropriate
liquidity risk management framework for the management of the Company's short-term, medium-term and long term funding
and liquidity management requirements. The Company manages liquidity risk by maintaining adequate reserves, banking
facilities and reserve borrowing facilities, by continuously monitoring forecast and actual cash flows, and by matching the
maturity profiles of financial assets and liabilities.

Financial Arrangements

As at March 31, 2026, the Company's current liabilities exceeded its current assets by ? 100.85 Crore (PY ? 90.01 Crore). Of
the total current liabilities ? 86.45 Crore (PY ? 75.11 Crore) pertains to security deposits received from cancellable contracts
with customers. Whilst, contractually the Company is liable to repay the amounts on cancellation of such contracts and
consequently, these are presented as current liabilities, the Company does not expect a material amount of these deposits to
be refunded owing to the continuity of the business and the past trends. Accordingly, the Company does not anticipate any
material liquidity mismatch over the next one year.

Note:1) Transaction of Sales and Purchase (where input tax credit is not available to the company) and outstanding of Trade
Payables / Receivable are inclusive of Taxes.

Note:2) Pursuant to the agreement signed with Vadilal Industries Limited (VIL) , and approved by shareholders, the pricing of the
products to be purchased shall be determined by VIL.

Note:3) Transaction amongst related parties are made on terms equivalent to those that prevail in arm's length transaction.
Outstanding balances of related parties at the year end are secured and settlement occurs in cash.

NOTE :41 EMPLOYEE BENEFITS:

1. Post Employment Benefit Plans as per Indian Accounting Standard 19:

Defined Contribution Plan:

The company makes provident fund and other contributions to defined contribution plans for eligible employees. Under the
scheme the company is required to contribute a specified percentage of the payroll costs to fund the benefits. The contributions
specified under the law are paid to the government authorities.

Amount towards Defined Contribution Plan have been recognized under "Contribution to Provident and Other funds" in Note 32 ?
2.26 crore (Previous Year: ? 1.93 crore).

Defined Benefit Plan/ Obligations:

The Company has defined benefit plans for gratuity to eligible employees, contributions for which are made to Life Insurance
Corporation of India, who invests the funds as per Insurance Regulatory and Development Authority (IRDA) guidelines. The details
of these defined benefit plans recognised in the financial statements are as under:

Gratuity is a defined benefit plan and company is exposed to the Following Risks:

Interest rate risk: A fall in the discount rate which is linked to the G.Sec. Rate will increase the present value of the liability requiring
higher provision. A fall in the discount rate generally increases the mark to market value of the assets depending on the duration of
asset.

Salary Risk: The present value of the defined benefit plan liability is calculated by reference to the future salaries of members. As
such, an increase in the salary of the members more than assumed level will increase the plan's liability.

Investment Risk: The present value of the defined benefit plan liability is calculated using a discount rate which is determined by
reference to market yields at the end of the financial year on government bonds. If the return on plan asset is below this rate, it will
create a plan deficit. Currently, for the plan in India, it has a relatively balanced mix of investments in government securities, and
other debt instruments.

Asset Liability Matching Risk: The plan faces the ALM risk as to the matching cash flow. Since the plan is invested in lines of Rule
101 of Income Tax Rules, 1962, this generally reduces ALM risk.

Mortality risk: Since the benefits under the plan is not payable for life time and payable till retirement age only, plan does not have
any longevity risk.

Concentration Risk: Plan is having a concentration risk as all the assets are invested with the insurance company and a default will
wipe out all the assets. Although probability of this is very less as insurance companies have to follow regulatory guidelines.

The Company does not face a significant liquidity risk with regard to its lease liabilities as the current assets are sufficient to meet
the obligations related to lease liabilities as and when they fall due.

The Company has taken various office and godown premises under operating lease or leave and license agreements. These are
generally cancellable and range between 11 months to 36 months under leave and license or longer for other leases and are
renewable by mutual consent on mutually agreeable terms. The company has given refundable interest free security deposits
under certain agreements.

NOTE - 43 CORPORATE SOCIAL RESPONSIBILITY EXPENDITURE:

As per Section 135 of the Companies Act, 2013, a Corporate Social Responsibility ('CSR') committee has been formed by the
Board of Directors of companies incorporated in India. The primary function of the Committee is to assist the Board of Directors in
formulating a CSR Policy and review the implementation and progress of the same from time to time.

a) CSR amount required to be spent by the Company as per Section 135 of the Companies Act, 2013 is ? 0.17 Crore for the
year 2025-26. (P.Y. ? 0.14 Crore) on activities which are specified in schedule VII of the Act.

b) Expenditure related to CSR incurred by the Company in cash is ? 0.08 Crore (P.Y. ? 0.00 Crore).

NOTE :46 OTHER STATUTORY INFORMATION:

A The Ministry of Corporate Affairs (MCA) has prescribed requirement for companies under the proviso to Rule 3(1) of the Companies
(Accounts) Rules, 2014 inserted by the Companies (Accounts) Amendment Rules 2021 requiring companies, which uses accounting
software for maintaining its books of account, shall use only such accounting software which has a feature of recording audit trail
of each and every transaction, creating an edit log of each change made in the books of account along with the date when such
changes were made and ensuring that the audit trail cannot be disabled.

The Company has used accounting software for maintenance of its books of account operated by a third-party software which has
a feature of recording audit trail (edit log) facility and the same have been operated throughout the year for all relevant transactions
recorded in the software at the application level. In the absence of any information on existence of audit trail (edit logs) for any direct
changes made at the database level in the 'Independent Service Auditor's Assurance Report on the Description of Controls, their
Design and Operating Effectiveness' ('Type 2 report' issued in accordance with ISAE 3402, Assurance Reports on Controls at a Service
Organization), we are unable to demonstrate on whether audit trail feature with respect to the database of the said software was
enabled and operated throughout the year or whether there were any instances of audit trail feature being tampered with.

The accounting software used for maintenance of claims and discount records of the Company did not capture the details of what
data was changed while recording the audit trail (edit log) at the application level. Also, the audit trail feature was not enabled at
the database level for such accounting software to log any direct data changes.

The accounting software used for maintenance of parlour revenue records of the Company did not capture the details of who
made the changes i.e., User Id, for invoice processing at the application level. Further, the said software is operated by a third-
party software service provider and is used solely for parlour billing purposes. The transactions processed through this system are
not material to the Company's financial statements. The 'Independent Service Auditor's Assurance Report on the Description of
Controls, their Design and Operating Effectiveness' ('Type 2 report' issued in accordance with attestation standards established by
the American Institute of Certified Public Accountants ('AICPA')) was available for a substantial portion of the period under audit
and the report does not provide any information on existence of audit trail (edit logs) for any direct changes made at the database
level. Accordingly, we are unable to demonstrate on whether audit trail feature with respect to the database of the said software
was enabled and operated throughout the period.

Additionally, the said accounting software retains audit trail (edit log) records only for the two financial years. Accordingly, audit trail
has been preserved by the Company as per statutory requirement for record retention except from 1 April 2023 to 31 March 2024.

B The management has initiated measures with the SAP service providers and system owners to further strengthen audit trail
availability with reference to note in a) above.

C The Company has not entered into transactions with companies struck- off under section 248 of the Companies Act, 2013 or section
560 of Companies Act, 1956.

D The Company have not advanced or loaned or invested funds to any other person(s) or entity(ies), including foreign entities
(Intermediaries) with the understanding that the Intermediary shall:

(i) directly or indirectly lend or invest in other persons or entities identified in any manner whatsoever by or on behalf of the
Company (Ultimate Beneficiaries) or

ii) provide any guarantee, security or the like to or on behalf of the Ultimate Beneficiaries.

E The Company have not received any fund from any person(s) or entity(ies), including foreign entities (Funding Party) with the
understanding (whether recorded in writing or otherwise) that the Group shall:

(i) 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

(ii) provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries.

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

G The Company has no 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 (such as, search or survey or any other relevant
provisions of the Income Tax Act, 1961).

H The Company has not been declared wilful defaulter by any bank or financial institution or government or any government
authority.

I The Company does not have any subsidiary, hence requirement of complying with the number of layers prescribed under clause
(87) of section 2 of the Act read with the Companies (Restriction on number of Layers) Rules, 2017 is not applicable.

J The Company does not have any Benami property, where any proceeding has been initiated or pending against the Company

under Benami Act.

K The company has not entered into any scheme of arrangement which has an accounting impact on current year or previous year.

L Borrowing based on security of inventory and book debts :

The company has obtained secured working capital loan from banks on basis of security of inventories and book debts (Refer Note
21) wherein the quarterly returns as filed with bank is in agreement with the books.

M The Company has not revalued any item of Property, Plant and Equipment (PPE) and Right of Use Assets (ROU) during the Current
& Previous Year

N There are no charges or satisfaction which are yet to be registered with the registrar of companies beyond the statutory period.
NOTE :47

The Company evaluates events and transactions that occur subsequent to the balance sheet date but prior to approval of the financial
statements to determine the necessity for recognition and / or reporting of any of these events and transactions in the financial
statements. There are no subsequent events to be recognized or reported that are not already disclosed.

NOTE:48

On 21 November 2025, the Government of India notified the four Labour Codes - consolidating 29 existing labour laws. The Ministry of
Labour & Employment has also issued draft Central Rules and FAQs to help assess the financial impact of these changes. Based on internal
management assessment, actuary report and the best information available, and in line with lCAl guidance, the Company has recognised an
incremental impact of gratuity and compensated absences of ? 2.90 Crore, mainly due to the revised wage definition. It has been disclosed
under "Employee benefit expense" in the statement of profit and loss for the year ended 31 March 2026. The Company continues to monitor
the finalisation of central / state Rules and further Government clarifications and will account for any additional impact as required.

NOTE :49

Previous year amounts have been reclassified / regrouped, wherever necessary, conform to the current year's presentation and are not
material to the Financial Statement.