Provisions:

A provision is recognized when the company has a present obligation as a result
of 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. Provisions are not discounted to their
present value and are determined based on the best estimate required to settle
the obligation at the reporting date. These estimates are reviewed at each
reporting date and adjusted to reflect the current best estimates.

Where the company expects some or all of a provision to be reimbursed, for
example under an insurance contract, the reimbursement is recognized as a
separate asset but only when the reimbursement is virtually retaining. The
expense relating to any provision is presented in the statement of profit and loss
net of any reimbursement.

Contingent Liabilities:

A contingent liability is a possible obligation that arise from past events whose
existence will be confirmed by the concurrency or non-occurrence of one or more
uncertain future events beyond the control of the company or a present obligation
that is not recognized because it is not probable that an outflow of resources will
be required to settle the obligation. A contingent liability also arises in extremely
rare cases where there is a liability that cannot be recognized because it cannot
be measured reliably. The company does not recognize a contingent liability.

Cash and Cash Equivalents:

Cash and Cash Equivalents for the purposes of cash flow statement comprise
cash at bank and in hand and short term investments with an original maturity
of three months or less.

Company has some huge value of cash balance at the end of the year as most of
the revenue collection is from retail customers who prefers to pay through cash.

As per our report of even date For & On Behalf of the Board

For S S R V and Associates SONALIS CONSUMER PRODUCTS LIMITED

Chartered Accountants
FRN: 135901W

Vishnu Kant Kabra Sonali Nilesh Kocharekar Smita Shashikant Shah

Partner Director & Compliance Director

Officer

Membership No.: 403437 Din: 09536461 Din: 09536462

Date: 14th June, 2024
Place: Mumbai

UDIN: 24403437BKAJPL3731 Shivang Shah

CFO