2.16. Provisions And Contingent Liabilities

Provisions are recognized in the accounts in respect of present probable obligations,the amount of which can be reliably
estimated.

There is no contingent liability in the balance sheet of the company.

2.17. Revenue Recognition

Revenue from operations is recognized when control of the goods 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. Revenue is measured
at the fair value of the consideration received or receivable, taking into account contractually defined terms of payment
and excluding taxes or duties collected on behalf of the government.

a) Sales are shown at net of sales returns, GST but discount and incentives are separately booked as expenditure.

b) Export Sales are booked at the rate on the date of transaction and the resultant gain or loss on realization on
transaction is accounted as Exchange rate difference and is dealt with Statement of Profit and Loss.

Export Incentive

Export incentives under various schemes notified by government are accounted for in the year of exports based on
eligibility and when there is no uncertainty in receiving the same.

2.18. Borrowing Cost:

Borrowing costs directly attributable to the acquisition, construction or production of an asset that necessarily takes a
substantial period of time to get ready for its intended use or sale are capitalized as part of the cost of the asset. All other
borrowing costs are expensed in the period in which they occur. Borrowing costs consist of interest and other costs that
an entity incurs in connection with the borrowing of funds.

No borrowings are created for acquiring Property, Plant & Equipment during the year.

2.19. Employee Benefits:

- Short-term employee benefits are recognized as expenses at the undiscounted amount in the profit and loss
account for the year in which the related service is rendered.

- Post employment and other long term employee benefits are recognized as an expense in the profit and loss
account for the year in which the employee has rendered services.

- As explained by the management that there is no employee in the company who is entitle for gratuity benefit so no
provision of gratuity is made.

2.20. Taxes:

Tax expense comprises of current income tax and deferred tax.

Current income tax:

Current income tax assets and liabilities are measured at the amount expected to be recovered from or paid to the
taxation authorities. The tax rates and tax laws used to compute the amount are those that are enacted or substantively
enacted, at the reporting date.

Deferred Tax:

Deferred tax is recognized, subject to the consideration of prudence in respect of deferred tax liability/assets, on timing
difference, being the difference between taxable income and accounting income that originate in one period and are
capable of reversal in one or more subsequent periods.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the year when the asset is
realized or the liability is settled, based on tax rates (and tax laws) that have been enacted or substantively enacted at the
reporting date.

2.21. Earnings Per Share:

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

For the purpose of calculating diluted earnings per share, the net profit 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, if any.

3. Significant accounting judgments, estimates and assumptions

The application of the company's accounting policies as described in Note 2, in the preparation of the company's
financial statements requires management to make judgments, estimates and assumptions that affect the reported
amounts of revenues, expenses, assets and liabilities, and the accompanying disclosures, and the disclosure of contingent
liabilities. The estimates and assumptions are based on historical experience and other factors that are considered to be
relevant. The estimates and underlying assumptions are reviewed on an ongoing basis and any revisions thereto are
recognized in the period in which they are revised or in the period of revision and future periods if the revision affects both
the current and future periods. Actual results may differ from these estimates which could result in outcomes that require
a material adjustment to the carrying amount of assets or liabilities affected in future periods.

Key Sources of estimation uncertainty:

The key assumptions concerning the future and other key sources of estimation uncertainty at the reporting date that have
a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial
year. Existing circumstances and assumptions about future developments may change due to market changes or

circumstances arising that are beyond the control of the company. Such changes are reflected in the assumptions when
they occur.

3.1. Useful lives of property, plant and equipment

Useful lives of property, Plant &Equipment are taken as per useful lives given in Part-C of Schedule II to the Companies
Act, 2013.

3.2. Investments

In case of investments, the Management assesses whether there is any indication of impairment in the value of investments.
4. Regrouped, Recast, Reclassified

Figures of the earlier year have been regrouped or reclassified to conform to Ind AS presentation requirements.

a) Fair value of investment Properties

The fair value of the Company's investment properties at the end of the year have been determined on the basis of
estimation of valuation carried out by the management and on basis of Management assessment, fair value of asset is
more than carrying amount of the Investment Property

b) During the year, the Company carried out a review of the recoverable amount of investment properties. As a result there
were no allowances for impairment required for these properties.

c) The Company has earned a rental income of Rs. 5.04 Lacs (Rs. 15.75 Lacs)

20.1. Fair valuation of investment property

The fair value of the company's investment properties at the end of the year have been determined on the basis of
estimation of valuation carried out by the management and on basis of management assessment, fair value of asset is
more than carrying amount of the Investment Property

20.2. Borrowings secured against current assets

Quarterly returns or statements of current assets filed by thecompany with banks or financial institutions are in agreement
with thebooks of accounts.

41. Segment Information

The Company's Primary segment is identified as business segment based on natural of products, risks, returns and the
internal business reporting system and secondary segment is identified based on the geographical location of the
customers as per IND AS 108 - ‘Operating Segment'. The Company is principally engaged in a single business segment
viz.” Chemicals”.

The Geographical segment has been considered for disclosure as secondary segment.

Two secondary segment has been identified based on the geographical location of customers i.e. domestic and export.
Information about geographical segments are below.

AS PER OUR REPORT OF EVEN DATE For & On behalf of the Board of Directors

For Devpura Navlakha & Co. Sanginita Chemicals Limited

Chartered Accountants

FRN No: 121975W sd/- sd/-

Sd/- (Mr. Dineshsinh Chavada) (Mrs. Hansaben Chavada)

(CA Rahul R. Modi) Chairman & Manging Director Non-Executive Director

Partner (DIN : 01497977) (DIN : 00479509)

sd/- sd/-

Mem. No: 184321 (Ms. Sangita D Chavda) (Mr. Vijaysinh Chavda)

UDIN:24184321BKABZI7491 Chief Financial Officer Whole Time Director

sd/- (DIN : 00479413)

Place : Ahmedabad (Ms. Saroj Ghanshyam Jagetia)

Date : 30/05/2024 Company Secretary