(xii) Provisions, contingent liabilities and contingent assets

"Provisions are recognized only when there is a present obligation as a result of past events and when
a reasonable estimate of the amount of obligation can be made. Contingent liability is disclosed for
(a) Possible obligation which will be confirmed only by future events not wholly within the control of
the company or (b) present obligations arising from past events where it is probable that an outflow of
resources will be required to settle the obligation or a reliable estimate of the amount of the obligation
cannot be made. Contingent assets are neither recognized nor disclosed in the financial statement."

(xiii) Functional and presentation currency

Items included in the financial statements are measured using the currency of the primary economic env'
meat in which the entity operates ('the functional currency). The financial statements are presented in
IndianiroRn(lNR), which is Company's functional and presentation currency.

1.4 Significant accounting judgements, estimates and assumptions:

The Preparation of these financial statements requires managements judgements, estimates and
assumptions that affect the application of accounting policies, the accounting disclosures made and the
reported amounts of assets, liabilities, income and expenses.

Estimates and underlying assumptions are reviewed on a periodic basis. Revisions to accounting estimates
are made in the period, in which, the estimates are revised and in any future periods, effected pursuant to
such revisions:

* The Company alloted 10% Cumulative Convertible Preference Shares (CCPS) that are convertible
into equity shares at par during the period commencing three years from the date of allotment
or ending on the five years from the date of allotment or such date as may be decided by their
holders & approved by the controller of capital issue. The terms and conditions of CCPS are still
in process of validation as per the new Companies Act, 2013 and SEBI "ICDR Guidelines". The
conversion of CCPS into equity shares & listing them with stock exchange is possible only after
terms and conditions of CCPS are validated by the members of the Company and stock exchange.
Documents depicting terms ands conditions of preference shares are not with the company.

(b) Terms/ rights attached to equity shares

(i) The Company has only one class of equity shares having par value of Rs 10/- per share. Each holder of equity shares
is entitled to one vote per share held and is entitled to dividend, if declared at the Annual General Meeting. In the event
of liquidation, the equity shareholders are entitled to receive remaining assets of the company (after distribution of all
preferential amounts, if any) in the proportion of equity held by the shareholders.

(ii) Convertible Preference Shares are convertible into Equity Shares at par at the option of the shareholders and subject
to the approval of the relevant authorities.

Note 22 Contingent Liabilities and commitments (to the extent not provided for)

(i) Claims against the company not accepted and not provided for Rs. NIL (Previous Year Rs. NIL)

(ii) Estimated amount of contracts remaining to be executed on capital accounts Rs. NIL (Previous Year Rs. NIL)

(iii) Income Tax authorities have raised demand amounts to Rs. 12.39 lakhs (Previous Year Rs. 12.39 lakhs) in respect of
assessment year 2013 to 2021 due to certain disallowances and additions. The matters are pending before authorities.
In the Opinion of management, no provision is required in respect of any matter as these demands are not expected
to materialized.

Note 27 Financial Risk Management Objective And Policies

The Company's Financial risk management is an integral part of how to plan and execute its business Strategies. The
Company's Financial risk management policy is set by Board. The Companies activities are exposed to a variety of
financial risks from its operation. The Key risks includes market risk, Credit Risk and Liquidity risk

Market risk

Market risk is the risk of future earnings, fair value of future cash flows of a financial instrument will fluctuate because
of changes in market prices. The Value of financial instrument may change as result of change in the equity prices
and other market changes may affect market risk sensitive instruments. Market risks is attributable to all market risk
sensitive financial instruments and deposits.

The company has elaborate risk management systems to inform Board members about risk management and
minimization procedures.

Commodity Price Risk and sensitivity

Commodity price fluctuation can have an impact on the demand of Bottles/ Caps for particular product. Therefore,
company continuously keep on track the commodity price movement very closely and take advance production decision
accordingly.

Credit risk

Credit risk is the risk that counterparty might not honours its obligations under a financial instruments or customer
contract, leading to financial loss. the company is to credit risk from its operation activities (Primarily trade Receivables)

Trade Receiavles : Customer Credit Risk is managed based on company's establishment policy, Procedures and controls.
The company assesses the credit quality of the counterparties, takingh into account their financial position, past
experience and other factors.

The Company has well defined sales policy to minimize its risk of credit defaults. Outstanding customer receivables are
regularly monitored and assessed. Impairment analysis is performed based on historical data at each reporting date on
an individual basis. However a large number of minor receivables are regularly monitored and assessed.

Liquidity Risk:

Liquidity risk is the risk that the company will encounter difficulty in meeting the obligations associated with the financial
liabilities that are settled by delivering cash and another financial asset. The Company's approach is to ensure as far
as possible that it will have sufficient liquidity to meet its liabilities when due. the Company relies on Operating cash
flows to meet its need for funds. The current committed lines of credit are sufficient to meet its short to medium term
expansion needs. The company monitoring rolling forecasting of its liquidity requirements to ensure it has sufficient
cash to meet Operational needs.

In Management view, there is not any reasonable certainty for future profits that's why Deferred Tax is not Recognised
in Statement of profit &loss during the FY 2023-24.

Note 30 Capital Management

For the purpose of the company's capital includes issued equity capital, share premium and all other equity reserves.
The primary objective of the Company's capital management is to maximise the shareholder value.

The Company manages its capital structure and make adjustments in light of changes in economic comdition and
the requirements of the financial covenants. To maintain or adjust the capital structure, the Company may adjust the
dividend payment to shareholders, return capital to shareholders or issue new shares. the company monitors capital
using a gearing ratio, whice is net debt divided by total capital and net debt. The company includes within net debt,
interest bearing loans and borrowings, trade and other payables, less cash and cash equivalets.

In order to achieve this overall objective, the Company,s capital management, amongst other things, aims to ensure
that it meets financial covenants attached to the interest-bearing loans and borrowings that define capital structure
requirements.

Figures for previous year have been regrouped/rearranged financial whereever necessary .

The accompanying notes are integral part of standalone financial statements - 2 to 32
As per our report of even date

For and on behalf of the Board of Directors of
Jauss Polymers Limited

Sd/- Sd/-

For Mahesh Yadav & Co. K. Sayaji Rao K Satish Rao

Chartered Accountants DIN : 01045817 DIN: 02435513

Firm Registration No.: 036520N (Chairman) (Managing Director)

Sd/- Sd/-

Mahesh Yadav Priya Parashar

Proprietor (Company Secretary)

Membership No.: 548924
UDIN: 24548924BKFVOZ8605
Place: Gurugram
Date: May 30, 2024