2.14 Provisions, contingent liabilities & Assets:

A Provision is recognized when an enterprise has a present obligation as a result of past event, it is probable that an outflow
of resources will be required to settled the obligation and a reliable estimate can be made of the amount of the obligation.
Provisions are not disclosed to its present value and are determined based on best management estimate required to settle the
obligation at the balance sheet date. These are reviewed at each balance sheet date and adjusted to reflect the current best
estimates.

Contingent liabilities are disclosed 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 will
be required to settle or a reliable estimate of the amount cannot be made. Information on contingent liability is disclosed in the
Notes to the Financial Statements. Contingent assets are not recognized in financial statements but are disclosed, if any.

A contingent asset is a possible asset that arises 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 enterprise.

2.15 Earnings per Share

Earnings considered in ascertaining the company’s earning per share comprises the net profit after tax attributable to equity
shareholders.

Basic earnings per share is computed using the weighted average number of equity shares outstanding during the period.
Diluted earnings per share are computed using the weighted average number of equity and dilutive equivalent shares
outstanding during the period.

3. Critical judgments and estimates

In the process of applying the Company’s accounting policies, management has made the following estimates, assumptions
and judgments, which have significant effect on the amounts recognized in the financial statement. Uncertainty about these
assumptions and estimates could result in outcome that require a material adjustment to assets or liabilities affected in future
periods.

i) Property, plant and equipment

Property, Plant and equipment represent a significant proportion of the asset base of the company. The useful lives and
residual value of the company’s asset are determined by the management at the time the asset is acquired and reviewed
at each reporting date.

ii) Contingencies

In the normal course of business, contingent liabilities may arise from litigation and other claims against the Company.
Potential liabilities that are possible but not probable of crystallizing or are very difficult to quantify reliably are treated
as contingent liabilities. Such liabilities are disclosed in the notes but are not recognized.

iii) Income Tax and Deferred Tax

The Company’s tax jurisdiction is India. Significant judgments are involved in estimating budgeted profits for the
purpose of paying advance tax, determining the provision for income taxes, including amount expected to be
paid/recovered for uncertain tax positions.

iv) Allowance for uncollected accounts receivable and advances

Trade receivables do not carry any interest and are stated at their normal value as reduced by appropriate allowances
for estimated irrecoverable amounts. Individual trade receivables and advances are written off when management
deems them not to be collectible. Impairment is made on the expected credit losses, which are the present value of the
cash shortfall over the expected life of the financial assets.

Based on favorable decisions in similar cases, legal opinion taken by the company., discussions with the solicitors, etc., the
company believes that there is fair chance of decisions in its favors in respect of all the items listed in (ii) above and hence
no provisions is considered necessary against the same.

2.24 Related Party disclosure under Accounting Standard AS-18 “Related party disclosures” notified under Companies
(Accounting standard) Rules 2006.

During the year, the company entered into transactions with the related parties. Those transactions along with related balance
as at 31^st March 2024 and for the year ended are presented below.

List of related parties with whom transactions have taken place during the year along with nature and volume of transactions
are summarized as follows: List of related parties and relationship:

2.28 No funds have been advanced or loaned or invested (either from borrowed funds or share premium or any other sources
or kind of funds) by the Company to or in any other person(s) or entity(ies), including foreign entities (“Intermediaries”)
with the understanding, whether recorded in writing or otherwise, that the Intermediary shall lend or invest in party
identified by or on behalf of the Company (Ultimate Beneficiaries). The Company has not received any fund from any
party(s) (Funding Party) with the understanding that the Company shall whether, directly or indirectly lend or invest in
other persons or entities identified by or on behalf of the Company (“Ultimate Beneficiaries”) or provide any guarantee,
security or the like on behalf of the Ultimate Beneficiaries.”

2.29 The company has called for complete information from all the vendors regarding their status as Small scale / Micro
industrial undertaking. Based on information received regarding the status of the vendors are prepaid the financial
statements.

2.31 Additional Regulatory Information

a. No proceedings have been initiated or pending against the company under the Benami Transactions (Prohibitions) Act,
1988,

b. Borrowing:

The Company has not borrowed from banks or financial institutions on the basis of security of current assets. However
the company taken Overdraft Limit on the security of immovable assets where not stock statements are required to be
submitted.

c. Willful Defaulter: *

The company is not a willful defaulter by any bank or financial Institution or other lender:

* “ willful defaulter” here means a person or an issuer who or which is categorized as a willful defaulter by any bank or
financial institution (as defined under the Act) or consortium thereof, in accordance with the guidelines on willful
defaulters issued by the Reserve Bank of India.

d. Relationship with Struck off Companies:

The company has not any transactions with companies struck off under section 248 of the Companies Act, 2013 or
section 560 of Companies Act, 1956,

e. Registration of charges or satisfaction with Registrar of Companies:

1. Registeration of Charges: There are no additional loans taken during the year and charges for loan taken in the
previous years is already created.

2. Satisfation of Charge: There is no charge which needs to be satisfied during the year.

f. Compliance with number of layers of companies: the company or group does not have any layers of the companies,
hence the clause is not applicable to the Company.

h. No scheme of Arrangements has been approved by the competent authority in terms of section 230 to 237 of the
Companies Act, 2013, therefore this clause is not applicable to company.

i. The company has not surrendered or disclosed any income during the year. Accordingly, this clause is not applicable to
company.

j. Corporate social Responsibility activities are not applicable to the company. Accordingly, this clause is not applicable
to company.

k. The company has not traded or invested in Crypto currency or virtual currency during the financial year. Therefore this
clause is not applicable to company.

2.32 Figures for previous year have been re-arranged/regrouped wherever necessary to make them comparable.

SIGNED FOR IDENTIFICATION

For DCJ & Associates For and behalf ofboard of director of

CHARTERED ACCOUNTANTS L.K. Mehta Polymers Limited

Firm Registration No. 015039C

Rina Mehta
Director
DIN:09553312

CA Shashank Garg Kamlesh Mehta

Partner Managing Director

M.N.: 410401 DIN: 00223360

PLACE: Kota

DATE : 30.05.2025

UDIN : 25410401BMJGWM5474