o Provisions, Contingent liabilities and Contingent assets

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result
of a past event, it is probable that an outflow of resources embodying economic benefits will be required
to settle the obligation and a reliable estimate can be made of the amount of the obligation. When
the Company expects some or all of a provision to be reimbursed, the reimbursement is recognised
as a separate asset, but only when the reimbursement is virtually certain. The expense relating to a
provision is presented in the statement of profit and loss net of any reimbursement. If the effect of the
time value of money is material, provisions are discounted using a current pre-tax rate that reflects,
when appropriate, the risks specific to the liability. When discounting is used, the increase in the provision
due to the passage of time is recognised as a finance cost.

Contingencies

A contingent liability is a possible obligation that arises from past events whose existence will be
confirmed by the occurrence or non-occurrence of one or more uncertain future events beyond the
control of the Company or a present obligation that is not recognized because it is not probable that an
outflow of resources will be required to settle the obligation. A contingent liability also arises in extremely
rare cases where there is a liability that cannot be recognized because it cannot be measured reliably. "

p Exceptional Items

On certain occasions, the size, type or incidence of an item of income or expense, pertaining to the ordinary
activities of the Company is such that its disclosure improves the understanding of the performance of
the Company. Such income or expense is classified as an exceptional item and accordingly disclosed in
the Financial Statements.

q Prior Period Items

Prior period items shall be separately disclosed in the statement of profit and loss in the reporting period
together with their nature and amount in a manner so that their impact on profit or loss in the reporting
period can be perceived.

As per our report of even date

For RATAN CHANDAK & CO. LLP For and on behalf of the Board of

Chartered Accountants LEO DRYFRUITS AND SPICES TRADING LIMITED

Firm's Registration No. 108696W/W101028 (Formerly "LEO DRYFRUITS AND SPICES TRADING PRIVATE LIMITED")

Kaushik Shah Parth Mehta

Managing Director Director

CA Jagadish Sate 09484633 8613325

Partner

Membership No. 182935

UDIN: 25182935BMIIAR8122 Ketan Shah Pratibha Kumari Bharadiya

Place: Navi Mumbai Chief Financial Officer/ Company Secretary

Date: 30 May 2025 Whole Time Director M.No: 61701

Place: Navi Mumbai
Date: 30 May 2025