ii) Provisions and Contingencies

The assessments undertaken in recognizing provisions and contingencies have been made in accordance
with the applicable Ind AS. A provision is recognized if, as a result of a past event, the Company has a present
legal or constructive obligation that can be estimated reliably, and it is probable that an outflow of economic
benefits will be required to settle the obligation. Where the effect of time value of money is material, provisions
are determined by discounting the expected future cash flows.

22. Segment Reporting
Business Segments:

As the Company's business activity primarily falls within a single primary business segment, the disclosure requirements
of IND AS 108 ‘Operating Segments' are not applicable.

Geographical Segments:

The company does not have operation outside India. Hence, disclosure of geographical segment does not arise.

24. Undisclosed Income

There are no transactions not recorded in the books of accounts that has been surrendered or disclosed as income
during the year in the tax assessments under the Income Tax Act, 1961.

25. Corporate Social Responsibility

The company is not covered under section 135 of The Companies Act, 2013.

26. Details of Crypto Currency

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

27. Capital Management

The Company's objectives when managing capital is to safeguard continuity, maintain a strong credit rating and
healthy capital ratios in order to support its business and provide adequate return to shareholders through continuing
growth and maximize the shareholders value. The company's overall strategy remains unchanged from previous
year. The following table summarizes the capital of the company. (Amt in Lakh)

28. Additional Regulatory Information

i. Registration of Charges:

There are no charges or satisfaction yet to be registered with ROC beyond the statutory period.

ii. Compliance with Number of Layers of Companies:

Since the Company does not have any holding/subsidiary, thus the clause is not applicable.

iii. Relationship with Struck off Companies:

There are no transactions and balance outstanding to and from any struck off companies as on the balance

sheet date.

iv. Wilful Defaulter:

Company is not declared wilful defaulter by any bank or financial Institution or other lender.

v. Compliance with approved Scheme(s) of Arrangements:

No Scheme of Arrangements has been approved by the Competent Authority in terms of sections 230 to 237

of the Companies Act, 2013.

vi. Utilisation of Borrowed funds and share premium:

a. Company has not advanced or loaned or invested funds (either borrowed funds or share premium or any
other sources or kind of funds) to any other person(s) or entity(ies), including foreign entities (Intermediaries)
with the understanding (whether recorded in writing or otherwise) that the Intermediary shall (i) 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 (ii) provide any guarantee, security or the like to or on behalf of the
Ultimate Beneficiaries the company.

b. 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 (i) 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 (ii) provide any guarantee, security or the like on behalf of
the Ultimate Beneficiaries.

(i) Credit sales of the Company have increased as compared to the previous year resulting in increase in
debtors whereas simultaneous increase in creditors is not substantial resulting in increase is current ratio.

(ii) As the turnover of the company has increase as compared to previous year, the Gross margin has
contributed to the profitability where as other expenses, Capital Employed remained unchanged as compared
to previous year resulting in higher Return on Equity, Net profit and Return on Capital Employed ratio.

(iii) Revenue and Debtors of the Company and capital employed has increased as compared to previous year
resulting in higher Capital Turnover ratio.

29. GST Receivable

The Goods & Service Tax Credit taken in the books of Accounts have been verified with the Purchases made
during the year, however the balances of GST Credit Brought Forward and GST Credit Carried Forward are
subject to confirmation as annual return for GST and the GST Audit Report are finalized after the date of the Audit
Report.

For and on behalf of the Board of Directors

In terms of our report attached of the even date

Bisil Plast Limited

For A.L.Thakkar & Co.

Chartered Accountants Suketu Vaywala Khyati Shah

FRN: 120116W Director Director

DIN: 07619796 DIN: 09430457

Sanjiv Shah

Partner Paresh Sukhadiya Khushbu Shah

M. No. 042264 CFO CS

UDIN:24042264BKAASO5302 PAN: ARMPS8115M PAN: BSWPS4359H

Date : 21.05.2024 Date : 21.05.2024

Place : Ahmedabad Place : Ahmedabad