2.8.13. Provisions:

Provisions are recognised when the Company has
a present obligation (legal or constructive) as a
result of a past event, it is probable that an outflow
of resources embodying economic benefits will
be required to settle the obligation and a reliable
estimate can be made of the amount of the
obligation. If the effect of the time value of money is
material, provisions are discounted using a current

pre-tax rate that reflects, when appropriate, the risks
specific to the liability. When discounting is used,
the increase in the provision due to the passage of
time is recognised as a finance cost.

2.8.14. Contingent Liabilities

Disclosure of contingent liability is made when there
is a possible obligation arising from past events,
the existence of which will be confirmed only by
the occurrence or non-occurrence of one or more
uncertain future events not wholly within the control
of the Company or a present obligation that arises
from past events where it is either not probable
that an outflow of resources embodying economic
benefits will be required to settle or a reliable
estimate of amount cannot be made.

2.8.15. Employee Benefits:

i) Short-Term Employee Benefits

The undiscounted amount of short-term employee
benefits expected to be paid in exchange for the
services rendered by employees are recognised as
an expense during the period when the employees
render the services.

ii) Post-Employment Benefits

a) Defined Contribution Plans

The Company recognises contribution payable to
the provident fund scheme and ESI scheme as an
expense, when an employee renders the related
service. If the contribution payable to the scheme
for service received before the balance sheet
date exceeds the contribution already paid, the
deficit payable to the scheme is recognised as a
liability. If the contribution already paid exceeds the
contribution due for services received before the
balance sheet date, then excess is recognised as an
asset to the extent that the pre-payment will lead to
a reduction in future payment or a cash refund.

b) Defined Benefit Plans

The liability in respect of gratuity and other post
employment benefits is calculated using the
Projected Unit Credit Method and spread over the
period during which the benefit is expected to be
derived from employees' services.

Remeasurement gains and losses arising from
adjustments and changes in actuarial assumptions
are recognised in the period in which they occur in
Other Comprehensive Income.

iii) Employee Separation Costs

The Company recognises the employee separation
cost when the scheme is announced, and the
Company is demonstrably committed to it.

2.8.16. Earnings Per Share

a) Basic Earnings Per Share:

Basic Earnings per share is calculated by dividing
the Profit attributable to Owners of the Company
by the weighted average number of equity shares
outstanding during the financial year.

b) Diluted Earnings Per Share:

Diluted Earnings per Share adjusts the figures used
in determination of basic earnings per share to take
into account:

- the after income tax effect of interest and
other financing costs associated with dilutive
potential equity shares, and

- the weighted average number of additional
equity shares that would have been outstanding
assuming conversion of all dilutive potential
equity shares.

2.9.Recent accounting pronouncements

2.9.1. Ministry of Corporate Affairs ("MCA") notified new
standards or amendments to the existing standards
under Companies (Indian Accounting Standards)
Rules as issued from time to time. During the year
ended March 31, 2025, MCA has notified Ind AS
117 - Insurance Contracts and amendments to Ind
As 116 - Leases, relating to sale and lease back
transactions, applicable from April 1, 2024. The
Company has assessed that there is no significant
impact on its financial statements.

2.9.2. On May 9, 2025, MCA notified the amendments
to Ind AS 21 - Effects of Changes in Foreign
Exchange Rates. These amendments aim to
provide clearer guidance on assessing currency
exchangeability and estimating exchange rates
when currencies are not readily exchangeable.
The amendments are effective for annual periods
beginning on or after April 1, 2025. The Company
has assessed that there is no significant impact on
its financial statements.

20(i) The Borrowing from bank is secured by :

Primary Security:

Exclusive charge on current assets of the Company by way of hypothecation of stock, receivables and Plant &
Machinery purchased out of bank finance.

Collateral Securities:

Equitable mortgage of 17762.80 sq. yds and 56047.2 sq. yds unit land and building at G. Ragampeta at R S No
209/2 and R S no 210/4 G at the factory location in the name of the company.

Equitable mortgage of Factory land and building and plant and machinery situated vide Survey No.214, 271/5,
271/4 at Panasapadu village, Achampeta Panchayat, Samalkota Mandal that are taken as principal security for
the earlier term loans which were closed but continued as collateral security for the working capital limit.

Personally guaranteed by two directors.

20(ii) Six Charges (PY Four) amounting to C 9,338.25 Lakhs (PY C9,191.45 Lakhs) in respect of one lender with
ROC Andhra Pradesh are yet to satisfied, pending NOC from the lender for filing the satisfaction.

20(iii) The Company has not been declared wilful defaulter by any bank or financial institution or government or
any government authority.

20(iv) The Company has obtained borrowings from bank on basis of security of current assets wherein the
quarterly returns/ statements of current assets as filed with bank are in agreement with the books.

ii) Post-employment benefit obligation - Gratuity

The company provides gratuity, as per defined benefit retirement plan ("the Gratuity plan") covering eligible
employees. The Gratuity Plan provides a lump-sum payment to vested employees at retirement, death,
incapacitation or termination of employment, of an amount based on the respective employee's salary and
the tenure of employment with the company. Contributions are invested in a scheme with the Life Insurance
Corporation of India as permitted by Indian law.

The plan provides for lumpsum payment after retirement/ super annuation as set out in rules of each fund
and includes death and disability benefits.

Liabilities with regard to these defined benefit plans are determined by actuarial valuation, performed by an
external actuary, at each balance sheet date using the projected unit credit method. These defined benefit
plan expose the company to actuarial risks, such as longevity risk, currency risk, interest rate risk and market
risk.

The following tables set out the funded status and the amounts recognized in the company's financial
statements as at March 31, 2025 and March 31, 2024:

The Present value of Defined Benefit Obligation for a change of 100 Basis Points from the assumed
assumption is given below:

Significant Actuarial Assumptions for the determination of the defined benefit obligation are discount rate,
expected salary increase. The sensitivity analysis below, have been determined based on reasonably
possible changes of the assumptions occurring at end of the reporting period, while holding all other
assumptions constant. For presenting the sensitivities, the present value of the Defined Benefit Obligation
has been calculated using the projected unit credit method at the end of the reporting period, which is the
same as that applied in calculating the Defined Benefit Obligation presented above. There was no change
in the methods and assumptions used in the preparation of the Sensitivity Analysis from previous year.

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

No funds have been received by the Company from any person(s) or entity(ies), including foreign entities
("Funding Parties"), with the understanding, whether recorded in writing or otherwise, that the Company shall
directly or indirectly, lend or invest in other persons or entities identified in any manner whatsoever by or on
behalf of the Funding Parties ("Ultimate Beneficiaries") or provide any guarantee, security or the like on behalf of
the Ultimate Beneficiaries.

37. (c). The Company has not traded or invested in Crypto Currency or Virtual Currency during the financial year.
37. (d). The Company did not have any transactions with companies struck off.

37 (e). 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, that are
repayable on demand or without specifying any terms or period of repayment.

*The remuneration paid by the Company to its Executive chairman, Managing Director and Whole time Director (hereinafter refer
to "Key Managerial Personnel") for the year ended March 31, 2024 is in excess by C63.57 lakhs, C51.17 Lakhs and C30.07 Lakhs
respectively vis-a-vis the limits specified in section 197 of Companies Act, 2013 ('the Act') read with Schedule V thereto as the
Company does not have adequate profits. The excess remuneration was ratified and approved by the members at the 12^th AGM.

39. Previous year figures have been regrouped / reclassified wherever necessary to conform to this year's
classification."

40. Capital Management

The Company's financial strategy aims to support its strategic priorities and provide adequate capital to its
businesses for growth and creation of sustainable stakeholder 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.

42.Disclosure relating to leases

As a lessor:

The Company has leased out its property under operating lease for initial period of 6 years. The remaining expiry
as at the year end is 1 year and 7 months. There are no variable lease payments. The details of income from such
leases are disclosed under Note 23. The Company does not have any risk relating to recovery of residual value
of property at the end of leases considering the business requirements and other alternatives.

The undiscounted minimum lease payments to be received over the remaining non-cancellable term on an
annual basis are as follows:

43. Disclosure in accordance with Ind AS- 40 Investment Property

The company has suspended the shrimp aquaculture farming operation in 2021 during the Covid-19 period.
However, to preserve the aquaculture ponds, and to use it effectively, in the later years, the company has given
these ponds on lease for shrimp aquaculture. The company is procuring the shrimp harvest from the lessee.
As this property is held for future use and the lease of the land having aquaculture farm is only to preserve the
ponds hence, land is not considered as an Investment property though it is leased out.

44. Disclosure on Government Grants

A. Capital Grants
1. EPCG Grant

Grant recognised in respect of duty waiver on procurement of capital goods under EPCG scheme of
Central Government which allows procurement of capital goods including spares for pre production
and post production at zero duty subject to an export obligations of 6 times of the duty saved on
capital goods procured. The amount of EPCG grant waived during the year is C Nil (PY: 20.62 Lakhs)
and unamortized capital grant amount as on March 31, 2025 is C Nil lakhs (PY: 251.87 ). The company
has satisfied the export obligation to an extent of C251.87 lakhs (PY: 5.09 Lakhs) as at the year end.
The company is treating this government grant as capital grant and deducts the grant from the carrying
amount of the asset. The company has satisfied the performance obligation in respect of the same and
awaiting redemption of the licence.

B. Revenue grant

1. Export incentives received

a. Company is entitled for Duty Draw Back on the FOB value of Exports made. The amount received
under duty drawback is recognized as income under other operating revenue.

b. Company is entitled for Remission of Duties and Taxes on Exported Products scheme (RoDTEP)
which is introduced from January, 2021. The incentive is in the form of grant of Duty Credit Scrip
from D.G.F.T. The said Scripts are in turn, encashed by way of sale to importers. The entitlement of
scrips for the exports made during the year is recognised as income under other operating revenue.

46. Financial Risk Management

The company's activities expose it to variety of financial risks: market risk, credit risk, interest rate risk and
liquidity risk. Within the boundaries of approved Risk Management Policy framework.

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.

a) Foreign Currency Risk

Foreign currency risk is the risk that the Fair Value or Future Cash Flows of an exposure will fluctuate
because of changes in foreign currency rates. Exposures can arise on account of the various assets
and liabilities which are denominated in currencies other than Indian Rupee.

The following table shows foreign currency exposures in US Dollar on financial instruments at the end
of the reporting period.

ii) Credit risk

Credit risk is the risk that a customer or counterparty to a financial instrument fails to perform or pay the
amounts due causing financial loss to the company. Credit risk arises from company's activities of dealing in
employee loans and advance and receivables from customers. The Company ensure that sales of products
are made to customers with appropriate creditworthiness. Credit information is regularly monitored by
finance function, with a framework in place to quickly identify and respond to cases of credit deterioration.
Credit is extended in business interest in accordance with guidelines and business-specific credit policies
that are consistent with such guidelines. Exceptions are managed and approved by appropriate authorities,
after due consideration of the counterparty's credentials and financial capacity, trade practices and
prevailing business and economic conditions.

The company has a prudent and conservative process for managing its credit risk arising in the course of its
business activities. Credit risk is actively managed through Letters of Credit, Bank Guarantees and advance
payments to the company to avoid concentration of risk.

The Company's historical experience of collecting receivables and the level of default indicate that credit
risk is low and generally uniform across markets; consequently, trade receivables are considered to be a
single class of financial assets. All overdue customer balances are evaluated taking into account the age
of the dues, specific credit circumstances, the track record of the counterparty etc. Loss allowances and
impairment is recognized, where considered appropriate by the management.

iii) Liquidity risk

Liquidity risk arises from the Company's inability to meet its cash flow commitments on the due date.
The company maintains sufficient stock of cash and committed credit facilities. Treasury monitors rolling
forecasts of the company's cash flow position and ensures that the company is able to meet its financial
obligation at all times including contingencies.

The company's liquidity is managed centrally with operating units forecasting their cash and liquidity
requirements. Treasury pools the cash surpluses from across the different operating units and then

48. Distributions proposed

Final dividend on equity shares( FV of C10 each) of C2 (PY C2.) Per share amounting to C625 Lakhs (PY C 625
Lakhs) has been proposed by the board of directors.

Proposed dividend on equity shares is subject to approval at the ensuing Annual General Meeting and are not
recognised as a liability as at 31 March 2025.

49. The financial statements were approved for issue in accordance with a resolution of the board of directors on
29^th May 2025.

As per our report of even date attached For and on behalf of the Board of directors
For Padmanabhan Ramani & Ramanujam

Chartered Accountants
Registration No.002510S

Sd/- Sd/- Sd/-

P. Ranga Ramanujam K. S. Chowdary K. Neelima Devi

Partner Managing Director and Chief financial officer Whole time Director

Membership No. 22201 DIN No: 03619259 DIN No: 06765515

Sd/-

Kakinada B. Swathi Reddy

Dated : 29^th May, 2025 Company Secretary