1.10 PROVISIONS, CONTINGENT LIABILITIES AND CONTINGENT ASSETS

A Provision is recognised when the Company has present obligation (legal or constructive) as a result of a past event and it is probable that an outflow
of resources will be required to settle the obligation and in respect of which a reliable estimate can be made. Provisions are discounted to their present
value, where the time value of money is material. All provisions are reviewed at each reporting date and adjusted to reflect the current best estimate.

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, the receivable is recognised as
a separate asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

A contingent liability is recognized for:

i. A present obligation that arises from past events but is not recognized as a provision because either the possibility that an outflow of resources
embodying economic benefits will be required to settle the obligation is remote or a reliable estimate of the amount of the obligation cannot be made.

ii. A possible obligation that arises from past events and the existence of which will be confirmed only by the occurrence or non-occurrence of one or
more uncertain future events not wholly within the control of the Company.

Contingent assets are neither accounted for nor disclosed in the financial statements.

1.11 EARNINGS PER SHARE

Basic earnings per share are calculated by dividing the net profit or loss for the period attributable to equity shareholders (after deducting preference
dividends and attributable taxes) by the weighted average number of equity shares outstanding during the period. Partly paid equity shares are treated as
a fraction of an equity share to the extent that they were entitled to participate in dividends relative to a fully paid equity share during the reporting period.
The weighted average number of equity shares outstanding during the period is adjusted for events of bonus issue, bonus element in a rights issue to
existing shareholders, share split, and reverse share split (consolidation of shares).

For the purpose of calculating diluted earnings per share, the net profit or loss for the period attributable to equity shareholders and the weighted average
number of shares outstanding during the period are adjusted for the effects of all dilutive potential equity shares.

30 Financial Instruments

30.1 Financial risk management objectives and policies

In its ordinary operations, the companies activities expose it to the various types of risks, which are associated with the financial instruments and
markets in which it operates. The company has a risk management policy which covers the foreign exchanges risks and other risks associated with
the financial assets and liabilities such as interest rate risks and credit risks. The risk management policy is approved by the board of directors.

The following is the summary of the main risks:

a) Market risk

Market risk is the risk that changes in market prices, such as foreign exchange rates (currency risk) and interest rates (interest rate risk), will affect
the companies income or value of it’s holding of financial instruments. The objective of market risk management is to manage and control market
risk exposures within acceptable parameters, while optimizing the return.

b) 'Interest rate risk

Interest rate risk is the risk the fair value or future cash flow of a financial instrument will fluctuate because of changes in market interest rate. Fair
value interest rate risk is the risk of changes in fair value of fixed interest bearing financial instrument because of fluctuations in the interest rates.

Cash flow interest rate risk is the risk that the future cash flows of floating interest bearing financial instrument will fluctuate because of fluctuations
in the interest rates.

The Company’s exposure to the risk of changes in market interest rates relates primarily to the borrowing from banks. Currently company is not
using any mitigating factor to cover the interest rate risk.

(c) Credit risk

Credit risk is the risk that arises from the possibility that the counterparty will not meet its obligations under a financial instrument or customer contract,
leading to a financial loss.

Financial assets that are subject to such risk, principally consist of trade receivables, Investments and loans and advances. None of the financial instruments
of the company results in material concentration of credit risk.

Financial assets are written off when there is no reasonable expectation of recovery, however, the Company continues to attempt to recover the receivables.
Where recoveries are made, these are recognized in the Statement of Profit and Loss.

The impairment for financial assets are based on assumptions about risk of default and expected loss rates. The Company uses judgement in making these
assumptions and selecting the inputs to the impairment calculation, based on the Company’s past history, existing market conditions as well as forward looking
estimates at the end of each balance sheet date.

33 Additional information pursuant to provisions of paragraph 5 of schedule III of the Companies Act, 2013
Expenditure incurred in foreign currency during the year Nil

CIF Value of Imports of Capital Goods Nil

34 As per the definition of Business Segment and Geographical Segment contained in Ind AS 108 “Segment Reporting”, the management is of the opinion that
the Company’s operation comprise of operating in Primary and Secondary market and incidental activities thereto, there is neither more than one reportable
business segment not more than one reportable geographical segment, and, therefore, segment information is not required to be disclosed.

35 In the opinion of the management, all current assets, loans and advances would be realizable at least an amount equal to the amount at which they are stated
in the Balance Sheet. Also there is no impairment of property plant &equipment.

36 Previous year's figures have been reclassified regrouped and rearranged wherever found necessary to make them comparable, which do not have material
impact.

37 Corporate Social Responsibility (CSR Activity) : In pursuance to section 135 of the Companies Act, 2013

Section 135 of the Companies Act, 2013 and Rules made under it prescribed that every company having a net worth of Rs. 500 crore or more, or turnover of
Rs. 1000 crore or more or a net profit of Rs. 5 crore or more during any financial year shall ensure that the company spends, in every financial year, at least
2% of of the average net profit made during the three immediately preceding financial year, in pursuance of its Corporate Social Responsibility (CSR) Policy.
The provision to CSR as prescribed under the Companies Act, 2013 are not applicable to C.J.GELATINE PRODUCTS LIMITED.

(f) . Relationship with struck off companies

The Company has no transactions with the companies struck off under Companies Act, 2013 or Companies Act, 1956.

(g) . Compliance with number of layers of companies
N.A.

(h) . Compliance with approved scheme(s) of arrangements

The Company has not entered into any scheme of arrangement which has an accounting impact on current or previous financial year.

(i) . Undisclosed income

There is no income surrendered or disclosed as income during the current or previo us year in the tax assessments under the Income Tax Act, 1961.

(j) . Details of crypto currency or virtual currency

The Company has not traded or invested in crypto currency or virtual currency duri ng the current or previous year.

(k) . Registration of charges or satisfaction with Registrar of Companies

As at March 31, 2023, the register of charges of the Company as available in records of the Ministry of Corporate Affairs (MCA) includes charges that
were created/modified since the inception of the Company. The Company is in the continuous process of filing the charge satisfaction e-form with MCA,
within the timelines, as and when it receives NOCs from the respective charge hold ers.

(l) . Utilisation of borrowings availed from banks and financial institutions

The Company has borrowed fund from ICICI bank and utilised for the purpose, it was taken

For S P A R K & Associates Chartered Accountants LLP For & on behalf of Board of Directors

Chartered Accountants C.J.GELATINE PRODUCTS LIMITED

FRN: 005313C/C400311

CA Chandresh Singhvi Jaspal Singh Harman Singh Munna Lal Sharma

Partner Chairman & Director & Chief Financial Officer

Managing Director Company Secretary

(Membership No.: 436593) DIN:01406945 DIN:01406962

M. No.: 25877

Place : Mandideep

Date: May 30, 2024

UDIN: 24436593BKFSOX5604