Provisions and contingencies

The assessments undertaken in recognising provisions and contingencies have been made in accordance with Ind AS 37, ‘Provisions,
Contingent Liabilities and Contingent Assets’. The evaluation of the likelihood of the contingent events has required best judgment by
management regarding the probability of exposure to potential loss.

Assessment of lease contracts

Classification of leases under finance lease or operating lease requires judgment with regard to the estimated economic life and
estimated cost of the asset. The Company has analyzed each lease contract on a case to case basis to classify the arrangement as
operating or finance lease, based on an evaluation of the terms and conditions of the arrangements.

ii) Estimates and assumptions

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, are
described below. The Company based its assumptions and estimates on parameters available when the financial statements were
prepared. Existing circumstances and assumptions about future developments, however, 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.

Taxes

Deferred tax assets are recognised for unused tax losses to the extent that it is probable that taxable profit will be available against which the losses can be utilised.
Significant management judgement is required to determine the amount of deferred tax assets that can be recognised, based upon the likely timing and the level of
future taxable profits together with future tax planning strategies.

Useful lives of property, plant and equipment

The estimated useful lives of property, plant and equipment are based on a number of factors including the effects of obsolescence, demand, competition, internal
assessment of user experience and other economic factors (such as the stability of the industry, and known technological advances) and the level of maintenance
expenditure required to obtain the expected future cash flows from the asset. The Company reviews the useful life of property, plant and equipment at the end of
each reporting date.

44 Transition to Ind AS reporting

As stated in Note 2 A the financial statements for the year ended March 31, 2023 are prepared in compliance with Ind AS.

The adoption of Ind AS was carried out in accordance with Ind AS 101, using April 1, 2020 as the transition date. Ind AS 101 requires that all Ind AS standards that
are effective for the first Ind AS Financial Statements for the year ending March 31, 2023, be applied consistently and retrospectively for all fiscal years presented.

All applicable Ind AS have been applied consistently and retrospectively wherever required. The resulting difference between the carrying amounts of the assets and
liabilities in the financial statements under both Ind AS and Previous GAAP as of the Transition Date have been recognized directly in equity at the Transition Date.

The following reconciliations help to understand the effect of significant differences arising from the transition from Previous GAAP to Ind AS in accordance with
Ind AS 101:

C There were no material differences between the Statement of Cash Flows presented under Ind AS and under IGAAP

Notes to the reconciliation:
b Trade Receivables

As per Ind AS 109,the Company is required to apply expected credit loss model for recognising the allowance for doubtful debts. As a result, the Company has
estimated lifetime expected credit losses and recorded the same as at the transition date.

c Actuarial gain/loss on employee benefit plan

As per Ind AS 19, actuarial gains and losses relating to defined employee benefit plans are recognized in other comprehensive income as compared to being
recognized in the Statement of profit and loss under IGAAP.

Secured Loan

1. Rs. 8.95 Lakh payable in 84 Equated Monthly Installment (Interest rate 8.20%) statrting from October 2020

2. Rs. 77.80 Lakhs payabke in 48 Monthly Installment (Interest rate 9.05%) starting from February 2023

3. Secured against Motor Car purchased, ? 34.80 Lakhs payable in 84 Equated Monthly Installment (Interest rate 08.60%) starting from April
2020.

4. Secured against Commercial Property at Jai Gopal, ? 370.00 Lakhs Payable in 491 Equated Monthly Installment (Interest rate 10.20%)
starting from April 2022.

5. Secured against Motor Car Purchased, ? 118.14 Lakhs payable in 84 Equated Monthly Installment (Interest rate 8.10%) starting from
December 2022.

6. Secured against Motor Car Purchased, ? 133.21 Lakhs payable in 120 Equated Monthly Installment (Interest rate 8.95%) starting from
November 2023.

7. Secured aginest Machinery Purchased, ? 100 Lakhs Payable in 84 Equated Monthly Installment (Interest rate 11.75%) starting from
September 2023.

8. Secured aginest Machinery Purchased Rs. 50.00 Lakhs Payable in 84 Equated Monthly Installment (Interest rate 12.55%) starting from
May 2023.

9. Secured aginest Motor Car Purchased, ? 39.00 Lakhs Payable in 120 Equated Monthly Installment (Interest rate 09.55%) starting from
March 2024.

Unsecured Loan

1. Unsecured ? 99.00 Lakhs payable in 60 Equated Monthly Installment (Interest rate 15.10%) starting from February 2024.

2. Unsecured Rs. 6.96 Lakhs payable in 36 Equated Monthly Installment (Interest rate 09.25%) starting from April 2022.

ii) Defined Benefits Plans

Gratuity: The Company provides for gratuity, a defined benefit plan (the “Gratuity Plan”) covering eligible employees in accordance with
the Payment of Gratuity Act, 1972. The Gratuity Plan provides a lump sum payment to vested employees at retirement, death,incapacitation
or termination of employment, of an amount based on the respective employee’s salary and the tenure of employment.

The Company’s liability is actuarially determined (using the Projected Unit Credit method) at the end of each year. The fair value of the plan
assets of the trust administered by the Company, is deducted from the gross obligation. The following table sets forth the status of the
gratuity plan of the Company, and the amounts recognized in the Balance sheet and Statement of profit and loss.

Notes :

Salary escalation rate: The estimates of future salary increases, considered in actuarial valuation, take account of inflation, seniority,
promotion and other relevant factors, such as supply and demand in the employment market.

Discount rate: The discount rate is based on the prevailing market yields of Indian government securities for the estimated term of the
obligations.

Assumptions regarding future mortality experience are set in accordance with the statistics published by the Life Insurance Corporation of
The overall expected rate of return on assets is determined based on the market prices prevailing on that date, applicable to the period over
which the obligation is to be settled. There has been significant change in expected rate of return on assets due to change in the market
scenario.

Sensitivity analysis

Reasonably possible changes at the reporting date to one of the relevant actuarial assumptions, holding other assumptions constant, would
have affected the defined benefit obligations by the amounts shown below;

Note 39 : Transactions with Strike Off Companies:

The Company did not have any transactions with companies struck off under section 248 of the Companies Act, 2013 or section 560 of the
Companies Act, 1956 during the financial year.

40 (a) No proceeding has been initiated or pending against the Company for holding any Benami property under the Benami Transactions (Prohibition) Act,
1988, as amended, and rules made thereunder.

b The Company does not have any charges or satisfaction which is yet to be registered with ROC beyond the statutory period.

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

d There were no transactions relating to previously unrecorded income that have been surrendered and disclosed as income during the year in the tax
assessments under the Income Tax Act, 1961.

e The Company has not advanced or loaned to or invested in funds to any other person(s) or entity(is), including foreign entities (Intermediaries) with
the understanding that the Intermediary shall:

(i) directly or indirectly lend to 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

f The Company has not received any fund from any person(s) or entity(is), including foreign entities (Funding Party) with the understanding (whether
recorded in writing or otherwise) that the Company shall

(i) directly or indirectly lend to 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

The Company has exposure to the following risks arising from financial instruments:

The Company's board of directors has overall responsibility for the establishment and oversight of the Company's risk management framework who is also responsible for
developing and monitoring the Company's risk management policies.

The Company's risk management policies are established to identify and analyse the risks faced by the Company, to set appropriate risk limits and controls and to monitor risks
and adherence to limits. Risk management policies and systems are reviewed periodically to reflect changes in market conditions and the Company's activities. The Company,
through its training standards and procedures, aims to maintain a disciplined and constructive control environment in which all employees understand their roles and
obligations.

The board of directors oversees how management monitors compliance with the company's risk management policies and procedures, and reviews the adequacy of the risk
management framework in relation to the risks faced by the Company.

Credit risk

Credit risk arises from the possibility that counter party may not be able to settle their obligations as agreed. To manage this, the Company periodically assesses the financial
reliability of customers, taking into account the financial condition, current economic trends, and analysis of historical bad debts and ageing of accounts receivable. Individual
risk limits are set accordingly.

The Company considers the probability of default upon initial recognition of asset and whether there has been a significant increase in credit risk on an ongoin basis throughout
each reportingperiod. To assess whether there is a significant increase in credit risk that company caompares the risk of a default occurring on the asset as at the reporting date
with the risk of default as at the date of initial recognition. It considers reasonable and supportive forwarding-looking information such as:

i) Actual or expected significant adverse changes in business,

ii) Actual or expected significant changes in the operating results of the counterparty,

ii) Financial or economic conditions that are expected to cause a significant change to the counterparty's ability to meet its obligations,
iv) Significant increases in credit risk on other financial instruments of the same counterparty,

Financial assets are written off when there is no reasonable expectation of recovery, such as a debtor/borrower failing to engage in a repayment plan with the Company. Where
receivables/loans have been written off, the Company continues to engage in enforcement activity to attempt to recover the receivable due. Where recoveries are made, these
are recognised in statement of profit and loss.

43 First Time Adoption Of Indian Accounting Standards

These are Company’s first financial statements prepared in accordance with Ind AS. For periods up to and including the year ended
March 31, 2019, the Company prepared its financial statements in accordance with accounting standards notified under section 133 of the
Companies Act 2013, read together with paragraph 7 of the Companies (Accounts) Rules, 2014 (Indian GAAP).

Accordingly, the Company has prepared financial statements which comply with Ind AS applicable for periods ended March 31, 2022,
together with the comparative period data as at and for the year ended March 31, 2021, as described in the summary of significant
accounting policies. In preparing these financial statements, the Company’s opening balance sheet was prepared as at April 1, 2022, the
Company’s date of transition to Ind AS. This note explains the principal adjustments made by the Company, if any,in restating its Indian
GAAP financial statements, including the balance sheet as at April 1, 2022 and the financial statements as at and for the year ended March
31, 2023.

Exemptions Applied

Ind AS 101 allows first-time adopters certain exemptions from the retrospective application of certain requirements under Ind AS.

The Company has applied the following exemptions:

a Mandatory exemptions :

Estimates

An entity estimates in accordance with Ind AS at the date of transition to Ind AS shall be consistent with estimates made for the same
date in accordance with previous GAAP (after adjustments to reflect any difference in accounting policies), unless there is objective
evidence that those estimates were in error.

Ind AS estimates at April 1, 2018 are consistent with the estimates as at the same date made in conformity with previous GAAP
b Optional exemptions:

(i) Deemed cost for Property Plant & equipment

Ind AS 101 permits a first time adopter to elect to fair value its property, plant and equipment as recognized in financial statements as at
the date of transition to Ind AS, measured as per previous GAAP and use that as its deemed cost as at the date of transition or apply
principles of Ind AS retrospectively. Ind AS 101 also permits the first time adopter to elect to continue with the carrying value for all of
its property plant and equipment as recognized in the financial statements as at the date of transition to Ind AS. This exemption can be
also used for intangible assets covered by Ind-AS 38. Accordingly, as per Ind AS 101, the Company has elected to consider fair value of
its property, plant and equipment, capital work in progress as its deemed cost on the date of transition to Ind AS.

(ii) Fair value measurement of financial assets and liabilities

Under IGAAP the financial assets and liabilities were being carried at the transaction value. First-time adopters may apply Ind AS 109 to
day one gain or loss provisions prospectively to transactions occurring on or after the date of transition to Ind AS. Therefore, unless a
first-time adopter elects to apply Ind AS 109 retrospectively to day one gain or loss transaction, transactions that occurred prior to the
date of transition to Ind AS do not need to be retrospectively restated. The Company has measured its financial assets and liabilities at
amortised cost or fair value.

44 Significant accounting judgements, estimates and assumptions

The preparation of financial statements in conformity with Ind AS requires management to make judgements, estimates and assumptions
that affect the application of accounting policies and the reported amounts of assets, liabilities, income and expenses and the
accompanying disclosures. Uncertainty about the assumptions and estimates could result in outcomes that require a material adjustment
to the carrying value of assets or liabilities affected in future periods Estimates and underlying assumptions are reviewed on an ongoing
basis. Revisions to accounting estimates are recognised in the period in which the estimates are revised and in any future periods affected.
Information about significant areas of estimation uncertainty and critical judgments in applying accounting policies that have the most
significant effect on the amounts recognised in the financial statements is included in the following notes:

45 Taxes

Deferred tax assets are recognised for unused tax losses to the extent that it is probable that taxable profit will be available against which the losses can be utilised. Significant
management judgement is required to determine the amount of deferred tax assets that can be recognised, based upon the likely timing and the level of future taxable profits together
with future tax planning strategies.

46 Useful lives of property, plant and equipment

The estimated useful lives of property, plant and equipment are based on a number of factors including the effects of obsolescence, demand, competition, internal assessment of user
experience and other economic factors (such as the stability of the industry, and known technological advances) and the level of maintenance expenditure required to obtain the
expected future cash flows from the asset. The Company reviews the useful life of property, plant and equipment at the end of each reporting date.

47 Transition to Ind AS reporting

As stated in Note 2 A the financial statements for the year ended March 31, 2023 are prepared in compliance with Ind AS.

The adoption of Ind AS was carried out in accordance with Ind AS 101, using April 1, 2020 as the transition date. Ind AS 101 requires that all Ind AS standards that are effective for
the first Ind AS Financial Statements for the year ending March 31, 2023, be applied consistently and retrospectively for all fiscal years presented.

All applicable Ind AS have been applied consistently and retrospectively wherever required. The resulting difference between the carrying amounts of the assets and liabilities in the
financial statements under both Ind AS and Previous GAAP as of the Transition Date have been recognized directly in equity at the Transition Date.

The following reconciliations help to understand the effect of significant differences arising from the transition from Previous GAAP to Ind AS in accordance with Ind AS 101:

For Banka & Banka

Chartered Accountants For Anuroop Packaging Limited

Firm Reg. No.: 100979W

(Director)

(Managing Director) Shweta Sharma

Akash Sharma DIN.: 06829309

(CA. Pradeep Banka) DIN.: 06389102

Partner

Membership No. : 038800

(Company Secretary)

UDIN:24038800BKAGEA4709 (C.F.O) Pooja Shah

Akshay Sharma ACS NO.: 46746

Place: Mumbai PAN : CNBPS5379A

Date: 30th May 2024