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NOTES TO ACCOUNTS

NAPS Global India Ltd.

You can view the entire text of Notes to accounts of the company for the latest year
Market Cap. (₹) 16.83 Cr. P/BV 0.92 Book Value (₹) 41.09
52 Week High/Low (₹) 108/36 FV/ML 10/1600 P/E(X) 8.59
Bookclosure EPS (₹) 4.43 Div Yield (%) 0.00
Year End :2025-03 

Pursuant to shareholder's resolution dated 24th April, 2023 the authorized share capital of the company increased from Rs 15,00,000 (Rupees Fifteen Lacs only) divided in to 1,50,000 equity shares of Rs 10/- each to Rs 4,75,00,000 (Rupees Four crore Seventy Five Lacs only) divided in to 47,50,000 equity shares of Rs 10/- each ranking pari-passu with the existing share capital

* The company has raised money through Initial Public Offer (“IPO”) and has got listed on BSE-SME platform by way of fresh issue of 13,20,000 fully-paid-up equity shares of face value of Rs.10 each at a premium of Rs.80 each.

Note: 2d. Rights, Preferences and Restrictions attached to the Shares:

The equity shares of the Company of nominal value of 10 per share rank pari passu in all respects including voting rights and and entitlement to dividend.

In the event of liquidation of the company, the holders of equity shares will be entitled to recetve remaining assets of the company, after distribution of all preferential amounts. The distribution will be in proportion to the number of equity shares held by the shareholders.

The information as required to be disclosed under the Micro, Small and Medium Enterprises Development Act, 2006 has been determined to the extent such parties have been identified on the basis of information available with the company. As per the information and explanation given to us that the Company has asked its Suppliers to furnish to it, details so as to facilitate the Company in classifying them as Micro, Small & Medium Enterprise (MSMEs) but, due to lack of availability of any such information from its Suppliers, the Company is unable to state the dues outstanding for more than 45 days as on the Balance Sheet date

28. In the opinion of the Board of Directors

A) Current Assets, Loans and Advances ate realizable in the ordinary course of Business, as the value at which they are stated.

B) The provision for all known liabilities are adequate and not in excess of the amount reasonably necessary.

The company came out with an Initial Public Offer (IPO) of 13.20 lakhs shares of face value of Rs. 10 cach for cash at a fixed price of Rs. 90 per equity share comprising of only fresh issue equity shares. The net proceeds of the fresh issue of Rs. 1,117.20 Lakhs (Net public issuc expenditure of Rs. 70.80 lakhs) was utilised in following manner:

As per the prospectus, ?169 lakhs was allocated for general corporate purposes. An additional ^29.20 lakhs, representing excess unutilized issue expenses, has been added to this amount.

Out of 368.76 lakhs unutilised, 300.00 lakhs are deposited with Bank as Fixed Deposit and remaining funds are in form of cash and bank balance

30. Other Statutory Information

(i) The Company do not have any Benami property and no proceeding has been initiated or pending against the Company for holding any Benami property.

(ii) The Company do not have any transactions with companies struck off under section 248 of the Companies Act, 2013.

(iii) The Company have registered all its charges or satisfaction with ROC within the statutory period.

(iv) The Company have not been declared wilful defaulter by any bank or financial institution or other lender.

(v) The Company have not traded or invested in Crypto currency or Virtual Currency during the period covered by the Restated Financial Statements.

(vi) 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:

(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.

(vii) 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 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)

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

(viii) The Company do 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.

31. During the year Company has taken Cash Credit Facilities from Bank including Letter of Credit from Yes Bank on 9.5% rate of Interest. Borrowings from Banks are secured in respect of respective facility by way mortgage of Property situated at Flat No 1506, 15th Floor,Wing B Abrol Vastu Park CHSL,Evershine Nagar, Near Ryan International School, Malad (West),Mumbai,Maharashtra,400064 and stock and book debts and personal gurantee of Directors Mr Pankaj Jain, Ronak Mistry and Soniya Jain

32. Balance due to / from parties and other liablities are subject to confirmation.

33. The Company is primarily engaged only in the Fabrics and Garment business hence has only single reportable business segment in the context of Accounting Standard 17 on Segment Reporting. Therefore, no separate segment disclosures are made by the Company.'

40: Details of lease:

The Company has taken Godown on cancellable operating lease. Lease rental expenses of operating leases recognized in the Statement of Protit and Loss under Other Expenses in Note 26 for the year is INR 2.52 lakhs (31st March 2024: INR 0.36 lakhs).

Description of significant operating leasing arrangements:

These are cancellable and are renewable by mutual consent on mutually agreed terms. Future lease rentals and escalation clause are determined on the basis of agreed terms. There are no restrictions imposed by lease arrangements. There are no subleases.

41. There are no contingent liabilities or commitments during the financial period/year March 2025.

42. Figures for the previous year have been regrouped / rearranged, wherever considered necessary, to conform to this year's classification, based on the restated financials.

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