20 Provisions, Contingent Liabilities and Contingent Assets

i) Provisions are made when (a) the Company has a present legal or constructive obligation as a result of past events; (b) it is
probable that an outflow of resources embodying economic benefits will be required to settle the obligation; and (c) a
reliable estimate is made of the amount of the obligation.

ii) Contingent liabilities are not provided for but are disclosed by way of Notes on Accounts. Contingent liabilities is disclosed
in case of a present obligation from past events (a) when it is not probable that an outflow of resources will be required to
settle the obligation; (b) when no reliable estimate is possible; (c) unless the probability of outflow of resources is remote.

iii) Contingent assets are not accounted but disclosed by way of Notes on Accounts where the inflow of economic benefits is
probable.

21 Current and Non-Current Classification

i) The Normal Operating Cycle for the Company has been assumed to be of twelve months for classification of its various
assets and liabilities into "Current" and "Non-Current".

ii) The Company presents assets and liabilities in the balance sheet based on current and non-current classification.

iii) An asset is current when it is (a) expected to be realised or intended to be sold or consumed in normal operating cycle;
(b) held primarily for the purpose of trading; (c) expected to be realised within twelve months after the reporting period; (d)
Cash and cash equivalent unless restricted from being exchanged or used to settle a liability for at least twelve months after
the reporting period. All other assets are classified as non-current.

iv) An liability is current when (a) it is expected to be settled in normal operating cycle; (b) it is held primarily for the purpose
of trading; (c) it is due to be discharged within twelve months after the reporting period; (d) there is no unconditional right
to defer the settlement of the liability for at least twelve months after the reporting period. All other liabilities are classified
as non-current.

22 Segment Reporting

i) The Company has only one business/reportable segment. Therefore, Segment Reporting is not provided.

23 Related Party Transactions

i) A related party is a person or entity that is related to the reporting entity preparing its financial statement

a) A person or a close member of that person's family is related to reporting entity if that person;

a. has control or joint control of the reporting entity;

b. has significant influence over the reporting entity; or

c. is a member of the key management personnel of the reporting entity or of a parent of the reporting entity.

b) An entity is related to a reporting entity if any of the following conditions applies;

a. the entity and the reporting entity are members of the same group (which means that each parent, subsidiary and
fellow subsidiary is related to the others);

b. One entity is an associate or joint venture of the other entity (or an associate or joint venture of a member of a group
of which the other entity is a member);

c. Both entities are joint ventures of the same third party;

d. One entity is a joint venture of a third entity and the other entity is an associate of the third entity;

e. The entity is a post-employment benefit plan for the benefit of employees of either the reporting entity or an entity
related to the reporting entity;

f. The entity is controlled or jointly controlled by a person identified in (a);

g. A person identified in (a)

h. The entity, or any member of a group of which it is a part, provides key management personnel services to the
reporting entity or to the parent of the reporting entity.

Has significant influence over the entity or is a member of the key management personnel of the entity (or of a parent
of the entity);

A related party transaction is a transfer of resources, services or obligations between a reporting entity and a related
party, regardless of whether a price is charged.

Close members of the family of a person are those family members who may be expected to influence,
or be influenced by, that person in their dealings with the entity.

Compensation includes all employee benefits i.e. all forms of consideration paid, payable or provided by the entity, or
on behalf of the entity, in exchange for services rendered to the entity. It also includes such consideration paid on behalf of a
parent of the entity in respect of the entity.

Key management personnel are those persons having authority and responsibility for planning, directing and
controlling the activities of the entity, directly or indirectly, including any director (whether executive or otherwise) of that
entity.

c) Disclosure of related party transactions as required by the IND AS is furnished in the Notes on the Standalone Financial
Statements.

24 Earning Per Share

i) Basic earnings per share are calculated by dividing the net profit or loss for the period attributable to equity shareholders
by the weighted average number of equity shares outstanding during the period.

ii) For the purpose of calculating diluted earnings per share, the net profit or loss for the period attributable to equity
shareholders and the weighted average number of shares outstanding during the period are adjusted for the effects of all
dilutive potential equity shares.

25 Critical Accounting Judgments, Assumptions and Key Sources of Estimation Uncertainty

The preparation of the Standalone Financial Statements requires management to make judgements, estimates and
assumptions that affect the reported amounts of revenues, expenses, assets and liabilities, and the accompanying
disclosures, and the disclosure of contingent liabilities at the date of the financial statements. Estimates and assumptions
are continuously evaluated and are based on management's experience and other factors, including expectations of future
events that are believed to be reasonable under the circumstances. Uncertainty about these assumptions and estimates
could result in outcomes that require a material adjustment to the carrying amount of assets or liabilities affected in future
periods.

i) Judgements

In the process of applying the Company's accounting policies, management has made the following judgements, which have
the most significant effect on the amounts recognised in the standalone financial statements:

a) Determination of Functional Currency

Currency of the primary economic environment in which the Company operates ("the functional currency") is Indian Rupee
(Rs) in which the Company primarily generates and expends cash. Accordingly, the Management has assessed its functional
currency to be Indian Rupee (Rs) i.e. Rs in Thousands.

b) Evaluation of Indicators for Impairment of Property, Plant and Equipment

The evaluation of applicability of indicators of impairment of assets requires assessment of external factors (significant
decline asset's value, significant changes in the technological, market, economic or legal environment, market interest rates
etc.) and internal factors (obsolescence or physical damage of an asset, poor economic performance of the asset etc.) which
could result in significant change in recoverable amount of the Property, Plant and Equipment.

ii) Assumptions and Estimation Uncertainties

Information about estimates and assumptions that have the significant effect on recognition and measurement of assets,
liabilities, income and expenses is provided below. Actual results may differ from these estimates.

a) Useful lives of Property, Plant and Equipment/Intangible Assets

Property, Plant and Equipment/ Intangible Assets are depreciated/amortised over their estimated useful lives, after taking
into account estimated residual value. The useful lives and residual values are based on the Company's historical experience
with similar assets and taking into account anticipated technological changes or commercial obsolescence. Management
reviews the estimated useful lives and residual values of the assets annually in order to determine the amount of
depreciation/amortisation to be recorded during any reporting period. The depreciation/amortisation for future periods is
revised, if there are significant changes from previous estimates and accordingly, the unamortised/depreciable amount is
charged over the remaining useful life of the assets.

b) Contingent Liabilities

In the normal course of business, Contingent Liabilities may arise from litigation and other claims against the Group.
Potential liabilities that are possible but not probable of crystallising or are very difficult to quantify reliably are treated as
contingent liabilities. Such liabilities are disclosed in the Notes but are not recognised. Potential liabilities that are remote
are neither recognised nor disclosed as contingent liability. The management decides whether the matters need to be
classified as 'remote', 'possible' or 'probable' based on expert advice, past judgements, experiences etc.

c) Evaluation of Indicators for Impairment of Property, Plant and Equipment

The evaluation of applicability of indicators of impairment of assets requires assessment of external factors (significant
decline in asset's value, economic or legal environment, market interest rates etc.) and internal factors (obsolescence or
physical damage of an asset, poor economic performance of the idle assets etc.) which could result in significant change in
recoverable amount of the Property, Plant and Equipment and such assessment is based on estimates, future plans as
envisaged by the Company.

d) Provisions

Provisions and liabilities are recognised in the period when it becomes probable that there will be a future outflow of funds
resulting from past operations or events and the amount of cash outflow can be reliably estimated. The timing of
recognition and quantification of the liability requires the application of judgement to existing facts and circumstances,
which can be subject to change. The carrying amounts of provisions and liabilities are reviewed regularly and revised to take
account of changing facts and circumstances.

26 Lease

The Company's lease asset classes primarily consist of leases for Land and Buildings and Plant & Machinery. The Company
assesses whether a contract is or contains a lease, at inception of a contract. A contract is, or contains, a lease if the contract
conveys the right to control the use of an identified asset for a period of time in exchange for consideration. To assess
whether a contract conveys the right to control the use of an identified asset, the Company assesses whether:

(i) the contract involves the use of an identified asset

(ii) the Company has substantially all of the economic benefits from use of the asset through the period of the lease and

(iii) the Company has the right to direct the use of the asset

At the date of commencement of the lease, the Company recognises a right-of-use asset ("ROU") and a corresponding lease
liability for all lease arrangements in which it is a lessee, except for leases with a term of twelve months or less (short-term
leases) and leases of low value assets. For these short-term and leases of low value assets, the Company recognises the lease
payments as an operating expense on a straight-line basis over the term of the lease.

The right-of-use assets are initially recognised at cost, which comprises the initial amount of the lease liability adjusted for
any lease payments made at or prior to the commencement date of the lease plus any initial direct costs less any lease
incentives. They are subsequently measured at cost less accumulated depreciation and impairment losses, if any. Right-of-
use assets are depreciated from the commencement date on a straight-line basis over the shorter of the lease term and
useful life of the underlying asset.

The lease liability is initially measured at the present value of the future lease payments. The lease payments are discounted
using the interest rate implicit in the lease or, if not readily determinable, using the incremental borrowing rates. The lease
liability is subsequently remeasured by increasing the carrying amount to reflect interest on the lease liability, reducing the
carrying amount to reflect the lease payments made.

A lease liability is remeasured upon the occurrence of certain events such as a change in the lease term or a change in an
index or rate used to determine lease payments. The remeasurement normally also adjusts the leased assets.

27 Expenses for CSR

i) In case of CSR activities undertaken by the Company, if any expenditure of revenue nature is incurred or an irrevocable
contribution is made to any agency to be spent by the latter on any of the activities mentioned in Schedule VII to the
Companies Act, 2013, the same is charged as an expense to its Statement of Profit and Loss.

ii) In case, the expenditure incurred by the Company is of such a nature which gives rise to an asset, such an asset is
recognised where the Company retains the control of the asset and any future economic benefit accrues to it. A liability
incurred by entering in to a contractual obligation is recognised to the extent to which CSR activity is completed during the
year.

c) the fair value or cost of the asset can be measured reliably.

28 Biological Assets
Recognition and measurement

The company recognises the biological asset (agricultural products) when:

i) the company controls the asset as a result of past events;

ii) it is probable that future economic benefits associated with the asset will flow to the company; and

iii) the fair value or cost of the asset can be measured reliably.

The biological asset are measured at the end of each reporting period at its fair value less costs to sell.

29 Non current assets held for sale

Non-Current Assets are classified as Held for sale if their carrying amount will be recovered principally through a sale
transaction rather than through continuing use and sale is considered highly probable.

A sale is considered as highly probable when decision has been made to sell, assets are available for immediate sale in its
present condition, assets are being actively marketed and sale has been agreed or is expected to be concluded within 12
months of the date of classification. Non-current assets held for sale are neither depreciated nor amortised.

Assets and liabilities classified as Held for Sale are measured at the lower of their carrying amount and fair value less cost of
sell and are presented separately in the Balance Sheet.

Investments in subsidaries

4.1 The Company has investment of Rs. 1.00 Lakh in 10,000 equity shares of its subsidiary namely Mangalam Nutrifeeds Private Limited. On account of
negative net worth of said special purpose entity, the Company has made full impairment provision against its investment in equity shares.

4.2 The Company has investment of Rs. 1.00 Lakh in 10,000 equity shares of its subsidiary namely Agrileeo Agricare Private Limited. On account of negative net
worth of said special purpose entity, the Company has made full impairment provision against its investment in equity shares.

4.3 The Company has investment of Rs. 1.00 Lakh in 10,000 equity shares of its subsidiary namely Unjha Psyllium Private Limited. On account of negative net
worth of said special purpose entity, the Company has made full impairment provision against its investment in equity shares.

4.4 The amount of Rs. 3.43 lakhs shown as deemed equity investments denotesthe fair value offinancial guarantee given forAgrileeoAgricare Private Limited
without any consideration as on 31.03.2025.

The fair values ofthe financial assets and liabilities are included at the amount at which the instrument could be exchanged in a current transaction between willing parties, otherthan
in a forced or liquidated sale.

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

Fair value of cash and short term deposits, trade and other short term receivables, trade payables, other current liabilities, working capital loans from banks approximate their carrying
amounts largely due to the short term maturities of these instruments.

Financial instruments other than above are carried at amortised cost except certain assets which are carried at fair value.

40 Financial Risk Management
i) Capital Management

The Company's capital management objectives are:-

The Board policy is to maintain a strong capital base so as to maintain inventor, creditors and market confidence and to future development of the business. The Board of Directors
monitors return on capital employed.

The Company manages capital risk by maintaining sound/optimal capital structure through monitoring of financial ratios, such as debt-to-equity ratio and net borrowings to- equity
ratio on a monthly basis and implements capital structure improvement plan when necessary.

The Company uses debt ratio as a capital management index and calculates the ratio as Net debt divided by total equity. Net debt and total equity are based on the amounts stated in
the financial statements.

ii) Credit Risk

Credit risk is the risk of financial loss arising from counter-party failure to repay or service debt according to contractual terms or obligations. Credit risk encompasses both, the direct
risk of default and the risk of deterioration of credit worthiness as well as concentration of risks. Credit risk is controlled by analyzing credit limit and creditworthiness of customers on a
continuous basis to whom the credit has been granted offer necessary approvals for credit.

Financial instruments that are subjectto concentration of credit risk principally consists oftrade receivable, investments and other financial assets. None ofthefinancial instruments of
the Company results in material concentration of credit risk.

Trade Receivables

Ind AS requires expected credit losses to be measured through a loss allowance. The Company assesses at each date of financial statement whether a financial asset or group of
financial assets is impaired. The Company recognizes lifetime expected losses for all contract assets and / or all trade receivables that do not constitute a financing transaction. For all
otherfinancial assets, expected credit losses are measured at an amount equalto 12 months expected credit losses orat an amount equal tothe life timeexpected credit losses, ifthe
credit risk on the financial asset has increased significantly since initial recognition. Before accenting any new customer, the Company uses an external/internal credit scoring system to
asses potential customer's credit quality and defines credit limits by customer. Limits and scoring attributed to customer are reviewed periodic basis.

i) 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 two types of risk:
interest rate, currency risk and other price risk, such as commodity price risk and equity price risk. Financial instruments affected by market risk include FVTPL investments, trade
payables, trade receivables, etc.

ii) Liquidity Risk

a) Liquidity risk management

Liquidity risk refers to the risk that the Company cannot meet its financial obligations. The objective of liquidity risk management is to maintain sufficient liquidity and ensure that funds
are available for use as per 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.

b) Maturities of financial liabilities

The following tables detail the remaining contractual maturities for its financial liabilities with agreed repayment period. The amount disclosed in the tables have been draw up based
on the undiscounted cash flow of financial liabilities based on the earliest date on which the Company can be required to pay. The table includes both interest and principal cash flows.

49 Disaggregated Revenue

The company deals in variety of hybrid seeds which are sold directly to dealers or distributors with similar characteristics in terms of revenue recognition, nature, timing, cashflows
etc. The operations of company are primarily located in India. Thus, the quantitative disclosure in respect of disaggregation of revenue is not required.

50 Segment Information

a) The Company has only one business segment i.e., Sale of Seeds and there are no other reportable segments under Ind AS 108 "Operating Segments".

b) Geographical information

The Company operates in single principal geographical area i.e., India. Though the Company has operations across various geographies within India, the same are considered as a
single operating segment considering the following factors

* These operating segments have similar long term gross profit margins.

* The nature of the products and production processes are similar and the methods used to distribute the products to the customers are the same.

c) In view of the above mentioned classification of business and geographical segments the particulars relating to Segment revenue and results, Segment assets and liabilities, Other
segment information, revenue from major products and services, geographical information are not furnished herewith.

51 The company has dispatched letters to vendors to ascertain their status under the Micro, Small and Medium Enterprises Development Act, 2006. Based upon the confirmations
received from the parties, they are classified accordingly, rest of the parties other than MSMEs.

52 i) The company is engaged in agricultural activities of production of seeds on lease hold land situated at various part of India.

ii)The company has entered into agreements with various growers for cultivation and production of agricultural produce in view of the fact that the company itself is unable to carry
on such activities which are spread over various parts of India. The company has reimbursed the cultivation expenses based upon the agreements entered into with the growers.

53 Certain Balance of Debtors, Creditors, Loans & Advances for Capital expenditures are non- moving / sticky . However in view of the management, the same is recoverable / payable.
Hence no provision for the same is made in the books of accounts.

54 In the opinion of the Board of Directors, the current assets, loans and advances are approximately ofthevalue stated, if realized in the ordinary course of business and the provisions
for depreciation and all known and ascertained liabilities are adequate and not in excess of the amounts reasonably necessary.

55 The balance confirmation from the suppliers, customers as well as to various loans or advances given have been called for, but the same are awaited till the date of audit. Thus, the
balances of receivables, trade payables as well as loans and advances have been taken as per the books of accounts submitted by the company and are subject to confirmation from the
respective parties.

56 The figures for the previous period are re-classified/ re-arranged / re -grouped, wherever necessary so as to be in conformity with the figures of the current period's
classification/disclosure.

57 Benami Transactions

There is no proceedings has 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.

58 Wilful Defaulter

The Company has not been declared wilful defaulter by any bank or financial institutions or other lender.

59 Transactions with Struck off Companies

As stated & Confirmed by the Board of Directors ,The Company has not under taken any transactions nor has outstanding balance with the Company Struck Off either under section
248 of the Act or under Section 560 of Companies act 1956.

60 Satisfaction of Charge/Creation of Charge

There is no charges or satisfaction yet to be registered with ROC beyond the statutory period.

61 Number of Layers of Subsidiary

The Company has complied 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.

62 Undisclosed Transactions

As stated & confirmed by the Board of Directors, 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 (such as, search or survey or any other relevant provisions of the Income Tax Act, 1961.

63 Loan or Investment to Ultimate Beneficiaries

As stated & Confirmed by the Board of Directors, The Company has 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:

(a) 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

(b) provide any guarantee, security or the like to or on behalf of the Ultimate Beneficiaries

64 Loan or Investment from Ultimate Beneficiaries

As stated & Confirmed by the Board of Directors ,The Company has 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 Company shall:

(a) 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

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

65 Utilization of Term Loans

The Company has applied term loans for the purpose for which the same was obtained during the year.

66 Working Capital

The Company has been sanctioned working capital limits from a bank on the basis of security of the current assets. Quarterly returns or statements filed by the Company with such
bank are not in agreement with the books of accounts.

67 Audit Trail

The company has used an accounting software for maintaining its books of account which has a feature of recording audit trail (edit log) facility and the same has operated throughout
the year for all relevant transactions recorded in the software.

68 Crypto Currency

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

For MAAK & Associates For and on behalf of the Board of Directors

Chartered Accountants
F.R.No. : 135024W

Marmik G. Shah Pravin M. Patel Mafatlal J. Patel

Partner Managing Director Chairman

M. No.: 133926 DIN - 03173769 DIN - 03173737

Place: Ahmedabad Ankit Soni Samiksha Bindrani

Date: 28-May-2025 CFO Company Secretary