33. Employee benefit obligations

(i) Defined Contribution Plans

Provident Fund: Contribution towards provident fund for employees is made to the regulatory authorities, where the
Company has no further obligations. Such benefits are classified as Defined Contribution Schemes as the Company does
not carry any further obligations, apart from the contributions made on a monthly basis.

(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 India.

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.

36 Capital Management

For the purpose of the Company’s capital management, capital includes issued capital and other
equity reserves. The primary objective of the Company’s Capital Management is to maximize
shareholders value. The Company manages its capital structure and makes adjustments in the light of
changes in economic environment and the requirements of the financial covenants. The Company
monitors capital using debt to equity ratio.

37 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.

38

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

39 Financial Instruments - Accounting Classifications and Fair Value Measurements

The fair values of the financial assets and liabilities are included at the amount at which the instrument could
be exchanged in a current transaction between willing parties, other than in a forced of liquidation sale.

The following methods and assumptions were used to estimate
the fair values:

Fair value of cash and cash equivalent, bank balances other than cash and cash equivalent, trade receivables,
trade payables, other current financial liabilities approximate their carrying amounts largely due to the short¬
term maturities of these instruments. The fair value of the financial assets and financial liabilities is included at
the amount at which the instrument could be exchanged in a current transaction between willing parties, other
than in a forced or liquidation sale.

The Company uses the following hierarchy for determining and disclosing the fair value of financial instruments by
valuation technique:

Level 1: Quoted (unadjusted) prices in active markets for identical assets or liabilities

40 Financial risk management objectives and policies

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

- Credit risk;

- Liquidity risk; and

- Market risk

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.

41 Credit Risk

Credit risk arises from the possibility that counter parties 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 assets and whether there has been a significant
increase in credit risk on an ongoing basis throughout each reporting period. To assess whether there is a significant increase
in credit risk that company compares 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 recognized
in statement of profit and loss.

Exposures to customers outstanding at the end of each reporting period are reviewed by the Company to determine credit
losses. Given that the macro-economic indicators affecting customers of the Company have not undergone any substantial
change, the Company expects the historical trend of minimal credit losses to continue.

42 Cash and bank balance

The Company held cash and bank balance with credit worthy banks and financial institutions of ^8,36,612/- and
^20,99,872/- as at March 31,2025, and March 31, 2024 respectively. The credit worthiness of such banks and financial
institutions is evaluated by the management on an ongoing basis and is considered to be good.

Liquidity risk

Liquidity risk is defined as the risk that the Company will not be able to settle or meet its obligations on time. The board of
directors are responsible for liquidity, funding as well as settlement management. In addition, processes and policies
related to such risks are overseen by the board of directors. Management monitors the Company's net liquidity position

For Banka and Banka For and on behalf of the Board of Directors of

Chartered Accountants Anuroop Packaging Limited

Firm Reg. No.: 100979W

Akash Sharma Shweta Sharma

CA Pradeep Banka (Managing Director) (Director)

Partner DIN.: 06389102 DIN.: 06829309

Membership Number: 038800
UDIN: 25038800BMHCPD7654

Akshay Sharma Pooja Shah

Place: Mumbai (C.F.O) (Company Secretary)

Date:30-05-2025 PAN : CNBPS5379A ACS NO.: 46746