)} Provisions, contingent Liabilities & commitment and contingent Assets: Provisions are
recognized for liabilities [haI can be measured only by using a substantial degree of
estimation, if

•j Th e com pa ny has a present obi igation as a result of a past event

t) aprobableoutflowofresourcesisexpectedtosettlelheobligalionand

c) the amount of the obligation can ho reliably eslimatod, Reimbursement expected in
respect of expendrture required to settle a provision is recoyiized only when it is
virtually certain that the reimbursement will be received

Contingent Liability & conunitment is disclosed in Ihe case of a present obligation
arising from a oast event, when the probable outflow of resources to settle the
obligation cannot be determine with reasonable certainty.

Contingent assels nave been disclosed. Contingent liabilities and contingent assets
are review end at each Balance Sheet date

k) Accounlpng policies not specifically referred to otherwise are consistent and pn
accordance with generally accepted accounling principle read wi|h Accounting
Standards mandate under section133 of Companies Act, 2013 and in its absence by
IAS.

Financial Management objective £ Policies.

Company's net worth has been fully eroded. Solvency base has been retained Ihrough
resources deployed by the Promoters Group byway interest free loans of the nature of
quasi capital. Future Policy lo operate the entity in viable prospective by way of

utilization of existing fixed capital outlet including broadening of same by way of
mobilization of further resources lo cater to the exigency of new products in larms of
survey or ma rket by the Promoters are at present under scruli ny of the m anagemert.

As the Company stands today, there is no interest liabilities, foreign currency
involvement Of major Credit risk (he company is exposed to In Ihe light of
aforesaid fact ary exercise of evaluation of fallout on account of market nsk.
Foreign Currency nsk, credit risk, liquidity nsh ere superfluous at the point of time

There is no possibilities of future outflow of funds considering merit of the cases as per
legal opinion obtained by the company.

Contingent Assets:

A i b iti ration A wards.'Court's order on arbitration matters with customers issued in favour of tie
company pending before High Court.

- Amount involved Rs.7,26,857.00

- Out of which Rs 3,39,333.43 has been received from BSNL during March 2024 as full & final
settlement of the above dues according to iheir calculation which has been contested by the
company at Ihe Delhi High Court.

2 L Re lated pa rty d Isclos ure in term s of Ind AS- 24:

1 There is no enterprise Where control exists.

1 Other related parties in transaction with (he company.

9. Key management personnel

Shr> Sunil Khetawat - Whale lima Director.& CEO, Shri Sandeep Khetawat - Whole
time Director , Shn Shyam Niyogi - CFO and Shn Sufarata Kumar Ray - Company
Secretary & Compliance officer

s Relatives of Key management personal (KfvlP)'

Smt. Shanti devt Khetawat, SmL Shraddha Khetawat, Smt. Aekta Khetawat,
H.P. Khetawat (NLfF), Sandeep Khetawat (HUF), Miss Avani Khetawat.

Yeshvardhan Khetawat. Shregardhan Khetawat and Miss Stuti Khetawat.

c. List of enterprises where key management personnel or (heir relatives held the office
of KMP

M/S Kumi Agro Industries Ltd, BWL Industries (P} Ltd. Sulabh Sales Pvt. Ltd. and
Shubneswan Investment Pvt Ltd

Entities under significant influence of KMP's H.P.Khetawat (HUF)

22. Ir absence of virtual certainty of future taxable profit to realize deferred tax assets accrued till
dale or account of urahsorbed lOSs & unabsorbed depreciation, no deferred tax aSSOt bas been
recognized as a measure of prudence as laid down under lndAS-22.

This also contributed lo ignoring Ind AS-22 in its totality

23. Impairment ofAsscts:*

Test of impairment Undertaken in recent past revealed recoverable value of Ihe CGW
under net selling price method significantly higher than carrying cost, of assets. As such
no impairment provision is called for.

24. The workforce of the Company is meagre five including two whole time directors. Gratuity

liability paid as per the advice of LIC for Annual Premium amounts to ml - only (previous
year Rs 241 00) Liability on account of Leave Salary amount to Rs.NIL (previous year
Rs.WlL) the year according to management estimate based on all employees retiring on
Balance Sheet date. Ascertainment of Liability as ad down under Ind AS-15 involves
considerable cost which is difficult for this company to withstand. In view of this the
company has accounted for these liabilities as per accounting policy No. 2A(g), It may
be mentioned here in that under any circumstances existing book liability towards leave
salary is bound to be higher than actuarial computation

Presently two permanent employees being whole time directors were covered under
gratuity with LIC, Group Gratuity Scheme through BWL Group Gratuity Trust However
during the financial ended 31^5t March 2024 Trust has withdrawn entire fund which was
lying with LIC for payment of Gratuity to this two employees and this amount has given
as interesi free loan to BWL Limited lo meet up a part of fixed expenses of the
company, no provision of gratuity has been made during I he financial year ended 31
March 2024.

25. Depending on disclosure mandated for entities under M5MED Act,2005 to reveal their
identity in correspondences, bills & challan etc. no transaction is observed to have been
entered into by the company during the year with any party belonging to micro and
small category under MSMED Act.2006.

20. The Company has no Bank or Institutional borrowings. Lion's share of borrowing relates
to sou roes of promoters which are of the nature of quasi capital. This is raison d'etre of
going concern assumption guiding accounting policies.

27. Information (Pursuant to lndAS-37):

Brief particulars of provision on disputed liabilities (Provided for):

Mature of liabilities; Income Tax Particulars of Dispute:

Interpretation of Section SO within the meaning of contemporary Income Tax
Act, 1961 for Assessment year 1983-84

Opening provision: Rs.1352Q.O0/- Provision made during the year: Mil Provision
adjusted during the year: MIL Closing prcvision:Rsl3520.00/

Mote:

There will be no outflow of fund against crystallization of above liability (expected to mature
in succeeding year) pending before High Court, as payment has already been made and
appearing in loans and advances

29. Since the factory is under suspension of work devoid of technical personnel it is
practically not possible to indentify components relevant to different items of fined assets
and identify their residual life span based on technical evaluation except for deputing
outside agency for the purpose at prohibitive cost in the context of existing financial base
of the company.

e. Contingent rentsrecognized

as an expense in the period Nil Nil Nil

d. THe total of future minimum sublease payments expEtted to bE received under non-
cancellable subleases atthe

end of the reporting period Nil Nil NfE

e. General description of lease arrangement
(i) the basis on which contingent

rent payable determine: N.A. N.A, N.A,

(iij the existence and terms of renewal or purchase options and escalation clauses;

Lease was takEn From Die. Durg on 13/03/1972 for 99 years at a premium oF Re. 124.SO,
with a lease rent of Rs 12,46 annually to be paid on or before 10 ' April every year with a
2.5% escalation after every 30 years

Restrictions imposed by lease arrangement concerning dividends, additional debt. Further
leasing. Excepting subleasing there are no such restrictions

32. Financial Instruments-Accounting classifications and fair value measurements;

The fair value of the 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 forced or liquidation sale.

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

Fair Value of cash and short-term deposits, trade and other short term receivables, trade
payables, other current liabilities short term loans from banks and other financial
instruments approximate their carrying amounts largely due to the short term maturities
of these instruments.

35. Figures, for previous Year have been regrouped and rearranged wherever necessary
As per our report given date

attached For and on behalf of the Board

For G. BASU & CO. Sunil Khetawat Sandeep Khetawat

Chartered Accountants

R. No. 301174E Managing Director

A CEO Whole lime Director

G. GUHA

p_armer DIN0Q391QSQ DIN 00391131

M. No. 0547D2
Place Kcdkata

Date: 29th May, 2024 Subrata Kumar Ray Shyam Niyogi

Company Secretary Chief Financial Officer
Place Kolkala PAN AFNPR0717D PAN ADLPN 5433K

date 2Hm May, 2C24