(xx) Provisions, Contingent Liabilities and Contingent Assets
Provisions

Provisions are recognised when, based on Company’s present obligation (legal or constructive)
as a result of a past event, it is probable that the Company will be required to settle the obligation
and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle
the present obligation at the end of the reporting period, taking into account the risks and
uncertainties surrounding the obligation. When a provision is measured using the cash flows
estimated to settle the present obligation, its carrying amount is the present value of those cash
flows (when the effect of the time value of money is material).

Contingent Liabilities and Assets

Contingent liabilities are disclosed in the Standalone Financial Statements by way of notes to
accounts, unless possibility of an outflow of resources embodying economic benefit is remote.
Contingent assets are disclosed in the Standalone Financial Statements by way of notes to
accounts when an inflow of economic benefits is probable.

(xxi)Events after reporting date

Where events occurring after the Balance Sheet date provide evidence of conditions that existed
at the end of the reporting period, the impact of such events is adjusted within the Standalone
Financial Statements. Otherwise, events after the Balance Sheet date of material size or nature
are only disclosed.

3. Critical Accounting Judgments, Estimates, Assumptions and Key Sources of Estimation
Uncertainty

The preparation of the Company’s Standalone Financial Statements requires management to make
judgements, estimates and assumptions that affect the reported amounts of revenues, expenses,
assets and liabilities, and the accompanying disclosures, and the disclosure of contingent liabilities at
the date of the Standalone Financial Statements. Estimates and assumptions are continuously
evaluated and are based on management’s experience and other factors, including expectations of
future events that are believed to be reasonable under the circumstances. Uncertainty about these
assumptions and estimates could result in outcomes that require a material adjustment to the carrying
amount of assets or liabilities affected in future periods.

Key estimates, assumptions and judgements

In particular, the Company has identified the following areas where significant judgements, estimates
and assumptions are required. Further information on each of these areas and how they impact the
various accounting policies are described below and also in the relevant notes to the Standalone
Financial Statements. Changes in estimates are accounted for prospectively.

(i) Income taxes

Significant judgements are involved in determining the provision for income taxes, including
amount expected to be paid/recovered for uncertain tax positions as also to determine the amount
of deferred tax that can be recognised, based upon the likely timing and the level of future taxable
profits.

(ii) Useful lives of Property, Plant and Equipment/Intangible Assets

Property, Plant and Equipment/ Intangible Assets are depreciated/amortised over their estimated
useful lives, after taking into account estimated residual value. The useful lives and residual
values are based on the Company’s historical experience with similar assets and taking into
account anticipated technological changes or commercial obsolescence. Management reviews
the estimated useful lives and residual values of the assets annually in order to determine the
amount of depreciation/amortisation to be recorded during any reporting period. The depreciation/
amortisaion for future periods is revised, if there are significant changes from previous estimates
and accordingly, the unamortised/depreciable amount is charged over the remaining useful life of
the assets.

(iii) Contingent Liabilities

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 crystallising or are
very difficult to quantify reliably are treated as contingent liabilities. Such liabilities are disclosed

in the Notes but are not recognised. Potential liabilities that are remote are neither recognised nor
disclosed as contingent liability. The management decides whether the matters need to be
classified as ‘remote’, ‘possible’ or ‘probable’ based on expert advice, past judgements, experiences
etc.

(iv) Evaluation of Indicators for Impairment of Property, Plant and Equipment

The evaluation of applicability of indicators of impairment of assets requires assessment of external
factors (significant decline in asset’s value, economic or legal environment, market interest rates
etc.) and internal factors (obsolescence or physical damage of an asset, poor economic
performance of the idle assets etc.) which could result in significant change in recoverable amount
of the Property, Plant and Equipment and such assessment is based on estimates, future plans as
envisaged by Company.

(v) Actuarial Valuation:

The determination of Company’s liability towards defined benefit obligation to employees is
made through independent actuarial valuation including determination of amounts to be recognised
in the income statement and in other comprehensive income. Such valuation depends upon
assumptions determined after taking into account inflation, seniority, promotion and other relevant
factors such as supply and demand factors in the employment market.

(vi) Allowance for impairment of trade receivables

The expected credit loss is mainly based on the ageing of the receivable balances and historical
experience. The receivables are assessed on an individual basis assessed for impairment
collectively, depending on their significance. Moreover, trade receivables are written off on a
case-to-case basis if deemed not to be collectable on the assessment of the underlying facts and
circumstances.

(vii) Provisions

Provisions and liabilities are recognised in the period when it becomes probable that there will be
a future outflow of funds resulting from past operations or events and the amount of cash outflow
can be reliably estimated. The timing of recognition and quantification of the liability requires the
application of judgement to existing facts and circumstances, which can be subject to change.
The carrying amounts of provisions and liabilities are reviewed regularly and revised to take
account of changing facts and circumstances.

(viii) Revenue Recognition:

The Company’s contracts with customers include promises to transfer products to the customers.
The Company assesses the products promised in a contract and identifies distinct performance
obligations, if any, in the contract. Identification of distinct performance obligation involves
judgement to determine the deliverables and the ability of the customer to benefit independently
from such deliverables. Judgement is also required to determine the transaction price for the
contract. The Company exercises judgement in determining whether the performance obligation
is satisfied at a point in time or over time. The Company considers indicators such as to who
controls the asset as it is being created or existence of enforceable right to payment for performance
to date and alternate use of such product, transfer of significant risks and rewards to the customer,
acceptance of delivery by the customer, etc. The judgment is also exercised in determining the
variable consideration, if any, involved in transaction price and also in estimating the impact of
customer’s right to return the goods, based on prior experience. The company has exercised
judgments and concluded that it has only one performance obligation from each of its of its
contract with customers and it is being satisfied at a point in time.

Right, Preferences and restrictions attached to Equity Shares

(i) The Company has only one class of shares i.e. Equity Shares having par value of ' 10 each. Each
holder of Equity Shares is entitled to one vote per share.

(ii) In the event of liquidation of the Company, the holders of equity shares will be entitled to receive
any of the 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.

(iii) The Board of Directors of the company in their meeting held on 18th May, 2026 have recommended
a final dividend of ' NIL (previous year ' 1 per equity share) to be approved by the shareholders
in the ensuing general meeting.On approval, this will result in an outflow of ' NIL (Previous year
' 97.84 Lakhs).

(iv) The company has allotted 2,69,402 Equity shares to the Promoters and Director on conversion of
Share Warrants on March 24, 2026. The same was mentioned in individual shareholding and
demat shareholding. Pursuant to conversion, the Issued, Subscribed and Paid-up Equity Share
Capital of the Company increased from ' 978.40/- Lakhs consisting of 97,83,990 fully paid-up
Equity Shares of ' 10/- each to ' 1,005.34/- Lakhs consisting of 1,00,53,392 fully paid-up Equity
Shares of ' 10/- each. Further, due to non-exercise of conversion option of 6,36,988 share warrants
within 18 months from the date of the allotment, i.e. on or before March 31,2026, the said 6,36,988
convertible share warrants has been lapsed.

Description of the nature and purpose of Other Equity

General Reserve : The General Reserve comprises of transfer of profits from retained earnings for
appropriation purposes. The reserve can be distributed/utilised by the Company in accordance with
the provisions of Companies Act, 2013.

Retained Earnings: Retained Earnings are the profits that the Company has earned till date and is net
of amount transferred to other reserves such as general reserves etc.& amount distributed as dividends
and related dividend distribution taxes.

Capital Reserve: The Capital Reserve represents the amount arising on forfeiture of consideration
received against warrants that were not exercised. This reserve shall be utilised or distributed by the
Company in compliance with the provisions of the Companies Act, 2013.

Security Premium: The amount received in excess of face value of the equity shares is recognised in
Securities Premium Reserve. Security premium includes equity-settled share-based payment
transactions, the difference between fair value on grant date and nominal value of share is accounted
as securities premium reserve.

Share Warrants:On 1^st August, 2024, members in Annual general meeting has approved issue of

9.16.390 (Nine Lakh Sixteen Thousand Three Hundred Ninety only) warrants, each convertible into, or
exchangeable for, one fully paid-up equity share of the Company of face value of ' 10/- each (“Warrants”)
at a price of ' 552 each including premium of ' 542 each, being not less than the price determined in
accordance with Chapter V of SEBI ICDR Regulations, 2018, to the Promoter/Promoter Group of the
company and certain identified non- promoter persons/entities. The Company has received upfront
payment of 25% of the total consideration on 9,06,390 warrants as per the terms in previous year.
During the current financial year, the balance 75% of the consideration was called. Out of the total

9.06.390 warrants, 2,69,402 warrants were exercised, and the corresponding equity shares were
allotted. Consequently, ' 26.94 lakh has been transferred to Equity Share Capital and ' 1,460.16 lakh
has been transferred to Securities Premium. Further, the amount of ' 879.04 lakh pertaining to warrants
not exercised has been transferred to Capital Reserve in accordance with the applicable accounting
requirements.

Reserve for equity instruments through Other Comprehensive Income : This represents cumulative
gains / (losses) arising on the measurement of equity instruments at Fair Value through Other
Comprehensive Income.

Equity Stock Option Reserve: Equity stock option reserve is used to recognise the fair value of equity
settled share based payment transactions.

34. Disclosure of the aggregate amount of research and development expenditure recognised as an
expense during the period - Research and Development (R&D) :

The Company has in-House R&D unit at its registered office and is registered with the Department of
Scientific & Industrial Research (DSIR), Ministry of Science & Technology, New Delhi.

38. Leases

The Company has taken certain warehouses, residential houses and vehicles on rent for its business
operations under leave and license agreements and rent agreements respectively. These are generally
not non-cancellable agreements and they are for the periods not exceeding 12 months under the said
agreements. The said agreements are renewable by mutual consent on mutually agreeable terms.

39. Employee Benefits

The Company has classified various employee benefits as under:

A. Defined Contribution Plans

i. Provident Fund

ii. Superannuation Fund

The Provident Fund is operated by the Regional Provident Fund Commissioner and the
Superannuation Fund is administered by the LIC of India as applicable for all eligible employees.
Under the schemes, the Company is required to contribute a specified percentage of payroll costs
to the retirement benefit schemes to fund the benefits. These funds are recognised by the Income
Tax Authorities.

B. Defined Benefit Plans

The Company operates a defined benefit gratuity plan covering qualifying employees. Under this
plan, eligible employees are entitled to a post-retirement benefit calculated at 15 days’ salary for
each completed year of service, up to the retirement age of 58 years, subject to a maximum
payment ceiling of ' 20 lakhs. The benefit vests upon completion of five years of continuous
service. The gratuity plan was governed by the provisions of the Payment of Gratuity Act, 1972 up
to November 20, 2025 and thereafter by the applicable provisions of the Labour Codes notified by
the Government of India. Once vested, the gratuity becomes payable upon retirement or termination
of employment. The Company makes annual contributions to a group gratuity scheme administered
by the Life Insurance Corporation of India (LIC) through its Gratuity Trust Fund. The liability
towards the gratuity plan is determined based on actuarial valuations carried out at the end of
each reporting period using the projected unit credit method, as prescribed under Ind AS 19 -
Employee Benefits.

The Government of India has consolidated 29 existing labour legislations into a unified framework
comprising four Labour Codes -The Code on Wages, 2019, The Industrial Relations Code, 2020,
The Code on Social Security, 2020 and The Occupational Safety, Health and Working Conditions
Code, 2020 (collectively referred to as “the Labour Codes”). These codes have been made
effective from November 21, 2025 and the corresponding supporting central rules have been
notified from May 8 ,2026. Accordingly, the Company has recognized a provision towards past
service cost on gratuity payable to employees amounting to Rs. 4.62 Lakhs during the year ended
March 31,2026 which is included under “Employee benefits expense”. The State Rules are yet to
be notified. The Company continues to monitor the developments and clarifications from the
Government on other aspects of the Labour Code and would provide appropriate accounting
effect on the basis of such developments, as needed.

Gratuity is defined benefit plan and Company is exposed to following Risks:

Interest Risk :

A fall in the discount rate which is linked to the Government Securities Rate will increase the
present value of the liability requiring higher provision. A fall in the discount rate generally increases
the mark to market value of the assets depending on the duration of asset.

Salary Risk :

The present value of the defined benefit plan liability is calculated by reference to the future
salaries of members. As such, an increase in the salary of the members more than assumed level
will increase the plan’s liability.

Investment Risk :

The present value of the defined benefit plan liability is calculated using a discount rate which is
determined by reference to market yields at the end of the reporting period on government bonds.
If the return on plan asset is below this rate, it will create a plan deficit. Currently, for the plan in
India, it has a relatively balanced mix of investments in government securities, and other debt
instruments.

Mortality Risk :

Since the benefits under the plan is not payable for the life time and payable till retirement age
only, plan does not have any longevity risk.

Valuations in respect of above have been carried out by independent actuary, as at the balance
sheet date, based on the following assumptions:

Notes on Sensitivity Analysis

i. Sensitivity analysis for each significant actuarial assumptions of the Company which are discount rate
and salary assumptions as of the end of the reporting period, showing how the defined benefit obligation
would have been affected by changes is presented in the table above.

ii. In presenting the above sensitivity analysis, the present value of the projected benefit obligation has
been calculated using the projected unit credit method at the end of the reporting period, which is the
same method as applied in calculating the projected benefit obligation as recognised in the balance
sheet.

iii. There is no change in the method from the previous period and the points /percentage by which the
assumptions are stressed are same to those in the previous year.

C. Compensated absences (Unfunded)

The obligations under the compensated absences plan have been determined by Independent
Actuary using Projected Unit Credit (PUC) method. Compensated absences is payable to all
eligible employees on separation from the Company due to death, retirement, superannuation or
resignation. At the rate of daily salary, as per current accumulation of leave days.

Valuations in respect of above have been carried out by independent actuary, as at the balance
sheet date, based on the following assumptions:

40. Information on Segment Reporting as per Ind AS 108 on “Operating Segments”

Operating Segments are those components of business whose operating results are regularly reviewed
by the Chief Operating Decision making body in the Company to make decisions for performance
assessment and resource allocation.The Company has identified two reportable segments, Speciality
Chemicals and Trading in fruits & vegetables in terms of Ind AS 108 “Operating Segments”.

The Comparative Details are as below:

42. Disclosures on financial instruments

This section gives an overview of the significance of financial instruments for the Company and provides
additional information on balance sheet items that contain financial instruments.

The details of material accounting policies, including the criteria for recognition, the basis of
measurement and the basis on which income and expenses are recognised, in respect of each class
of financial asset, financial liability and equity instrument are disclosed in note 2 to the financial
statements.

(A) Financial assets and liabilities:

The following table presents the carrying amounts and fair value of each category of financial
assets and liabilities as at 31st March, 2026 and 31st March, 2025.

The carrying value of Financial Assets and Financial Liabilities measured at amortised cost
approximates to their fair values.

(B) Capital Management

The company’s objective when managing capital is to:

- Safeguard its ability to continue as a going concern so that the Company is able to provide
maximum return to stakeholders and benefits for other stakeholders.

- Maintain an optimal capital structure to reduce the cost of capital.

The Company’s Board of Directors reviews the capital structure on a regular basis. As part of this
review, the Board considers the cost of capital, risk associated with each class of capital
requirements and maintenance of adequate liquidity.

(C) Fair Value Measurement:

This note provides information about how the Company determines fair values of various financial
assets.

The following table gives information about how the fair values of these financial assets are
determined.

(b) Fair value of financial assets and financial liabilities that are not measured at fair value
(but fair value disclosures are required)

The carrying amount of financial assets and financial liabilities measured at amortised cost
in the Financial Statements are a reasonable approximation of their fair values since the
Company does not anticipate that the carrying amounts would be significantly different from
the values that would eventually be received or settled.

There has been no transfers between level 1, level 2 and level 3 for the years ended 31st
March, 2026.

(D) Financial risk management:

The Company’s financial risk management is an integral part of how to plan and execute its
business strategies. The risk management policy is approved by the Company’s Board. The
Company’s principal financial liabilities comprise of borrowings (if any), trade and other payables.
The main purpose of these financial liabilities is to finance the Company’s operations and to
provide guarantees to support its operations in selective instances. The Company’s principal
financial assets include trade and other receivables, and cash and cash equivalents that derive
directly from its operations and investments. The company is exposed to market risk, credit risk,
liquidity risk etc. The objectives of the Company’s financing policy are to secure solvency, limit
financial risks and optimise the cost of capital. The Company’s capital structure is managed using
equity and debt ratios as part of the Company’s financial planning.

1. Market risk:

Market risk is the risk that changes in market prices- such as foreign exchange rates, interest
rates and equity prices- will affect the Company’s income or the value of its holdings of
financial instrument. The objective of market risk management is to manage and control
market risk exposures within acceptable parameters while optimising the return. The major
components of market risk are foreign currency risk, interest rate risk and price risk.

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 exchange rates. The Company undertakes
transactions denominated in foreign currencies; consequently, exposures to exchange rate
fluctuations arise.

Foreign currency exposure as at 31^st March are hedged as per the policy of the company

(a) Foreign Currency Sensitivity:

The Company is principally exposed to foreign currency risk against USD. Sensitivity of profit
or loss arises mainly from USD denominated receivables and payables.As per management’s
assessment of reasonable possible changes in the exchange rate of /- 5% between USD-
INR currency pair, sensitivity of profit or loss only on outstanding foreign currency denominated
monetary items at the period end is presented below:

B Interest rate risk:

The Company invests the surplus fund generated from operations in bank deposits. Bank
deposits are made for a period of up to 12 months and carry interest rate of 5%-7.25% as per
prevailing market interest rate. Considering these bank deposits are short term in nature,
there is no significant interest rate risk.

C Price risk:

The Company’s equity securities price risk arises from investments held and classified in the
balance sheet at fair value through OCI. The Company’s equity investments in Securities are
publicly traded.

Price sensitivity analysis:

The sensitivity of profit or loss in respect of investments in equity shares at the end of the reporting
period for /-5% change in price and net asset value is presented below:

Other comprehensive income for the year ended 31^st March, 2026 would increase / decrease by
' 46.61 Lakhs (P.Y. ' 74.78 Lakhs) as a result of
measured at FVTOCI.

2. Credit risk:

Credit risk refers to the risk that a counterparty will default on its contractual obligations resulting
in financial loss to the Company. The Company has adopted a policy of only dealing with
creditworthy counterparties as a means of mitigating the risk of financial loss from defaults. The
Company’s exposure and wherever appropriate, the credit ratings of its counterparties are
continuously monitored and spread amongst various counterparties. Credit exposure is controlled
by counterparty limits that are reviewed and approved by the management of the Company.
Financial instruments that are subject to concentrations of credit risk, principally consist of balance
with banks, investments in equity instruments and trade receivables.

None of the financial instruments of the Company result in material concentrations of credit risks,
which may result into financial loss for the company.

3. Liquidity risk:

The Company manages liquidity risk by maintaining sufficient cash and cash equivalents and
availability of funding through an adequate amount of committed credit facilities to meet the
obligations when due. Management monitors rolling forecasts of liquidity position and cash and
cash equivalents on the basis of expected cash flows. In addition, liquidity management also
involves projecting cash flows considering level of liquid assets necessary to meet obligations by
matching the maturity profiles of financial assets & liabilities and monitoring balance sheet liquidity
ratios.

The information included in the tables have been drawn up based on the undiscounted cash
flows of financial liabilities based on the earliest date on which the Company may be required to
pay. The tables include both interest and principal cash flows. The contractual maturity is based
on the earliest date on which the Company may be required to pay.

45. The Company does not have any Immovable Property whose title deeds are not held in the name of the
Company.

46. The Company does not have any transactions with struck-off companies.

47. The Company has not been declared as a willful defaulter by any lender who has powers to declare a
company as a willful defaulter at any time during the financial year or after the end of reporting period
but before the date when financial statements are approved.

48. The Company doesn’t have any such transaction which is not recorded in the books of account 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

49 The Company doesn’t have any Benami property, where any proceeding has been initiated or pending
against the Company for holding any Benami property.

50 The Company has not granted any loans or advances in the nature of loans to promoters, directors,
Key Managerial Personnel (KMPs), or other related parties that are repayable on demand or for which
the terms or period of repayment have not been specified in the agreement, except for loans granted
to its Associate and Subsidiary Companies. (Refer Note Nos. 6 and 13).

51 The Company has not traded or invested in Crypto currency or Virtual Currency during the financial
year.

52 The Company does not have any charges or satisfaction which is yet to be registered with the Registrar
of Companies (ROC) beyond the statutory period.

53 The Company has sought balance confirmations from trade receivables and trade payables, wherever
such balance confirmations are received by the Company, the same are reconciled and appropriate
adjustments if required, are made in the books of account.

54 The Company is in compliance with the number of layers prescribed under clause (87) of section 2 of
the Companies Act, 2013 read with the Companies (Restriction on number of Layers) Rules, 2017.

55 The Company has 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.

The Company has 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) or

(b) provide any guarantee, security or the like on behalf of the ultimate beneficiaries.

56 The previous year’s figures have been regrouped/rearranged wherever necessary to make them
comparable with the current year.

57 Approval of Standalone Financials Statements

The Standalone Financial Statements were approved for issue by the Board of Directors on 18th May,
2026.