Note 6.1

a. The cost of inventories recognised as an expense during the year is P 3,738.11 Lakhs (Previous year: P 6,104.74 Lakhs) as included in Notes 22.

b. There is write down of inventories to net realisable value of P Nil (Previous year: P 172.73 Lakhs).

c. For mode of valuation of inventories: Refer Note 1(g).

d. The above inventories are given as security to the bankers by way of first pari passu charge against the fund based working capital limits availed or to be availed by the Company.

Note 7.1

a. Trade receivables are non-interest bearing and generally on credit term of 7 to 120 days.

b. There are no dues from directors or other officers of the Company either severally or jointly with any other person, due from firms or private companies respectively in which any director is a partner, a director or a member.

c. The above trade receivables are given as security to the bankers by way of first pari passu charge against the fund based based working capital limits availed or to be availed by the Company.

d. Since the Company calculates impairment under the simplified approach for Trade Receivables, it is not required to separately track changes in credit risk of Trade Receivables as the impairment amount represents —Lifetime Expected Credit Loss. Accordingly, based on a harmonious reading of Ind AS 109 and the breakup requirements under Schedule III, the disclosure for all such Trade Receivables is made as shown above.

e. In determining the allowances for credit losses of Trade Receivables (as also for Unbilled Revenue), the Company has used a practical expedient by computing the expected credit loss allowance for Trade Receivables based on a provision matrix.

The provision matrix takes into account historical credit loss experience and is adjusted for forward looking

information.

The expected credit loss allowance is based on the ageing of the receivables that are due and rates used in the

provision matrix.The Company estimates mostly the following matrix at the reporting date.

* As at March 31, 2024: Includes 8,30,893 Equity Shares issued & Subscribed on right basis on which First and Final call money has been received and the partly paid up Equity Shares have been converted in fully paid up Equity Shares, but are pending for listing and trading approval for fully paid up Equity Shares, and hence continued to be disclosed under partly paid up shares as on March 31, 2024. Also, includes 9,578 equity shares issued on right basis on which First and Final call money has not been received.

10.6 All Equity Shares have common voting rights, preferences and there are no restrictions inter-alia. The Company has only one class of equity shares having a par value of A 10/-. Each holder of equity share is entitled to one vote per share. In the event of liquidation of the Company, the holders of equity shares shall be entitled to receive the remaining assets of the Company, after distribution of all preferential amounts. The amount distributed will be in proportion to the number of equity shares held by the shareholders.

10.7 The Company has paid dividend during the current year 2024-25 A Nil (A Nil per equity share of Face Value of A 10 each) & Company has paid dividend in previous year 2023-2024 A 62.56 (A 0.50 per equity share of Face Value of A 10 each).

10.8 The Company had, issued 8,40,471 equity shares of face value of A 10 each on right basis (‘Rights Equity Shares’). In accordance with the terms of issue, A 135 i.e. 60% of the Issue Price per Rights Equity Share, was received from the allottees on application and shares were allotted. The Board has made First and Final call of A 90 per Rights Equity Share (including a premium of A 86 per share) in February, 2024. As on March 31, 2024, an aggregate amount of A 8.62 Lakhs was unpaid on 9,578 No. of equity shares (including securities premium). During the current year, Company has forfeited 9,578 equity shares and paidup amount on such equity shares (i.e. A 135 per share) amounting to A 12.93 Lakhs is transferred to capital reserve.

Securities Premium Account

The Securities Premium Account is used to record the premium on issue of shares. The Reserve is to be utilised in accordance with the provisions of the Companies Act, 2013.

Retained Earnings

The amount represents portion of profits not distributed among the shareholders but retained and used in the business.

Other Comprehensive Income

Other Comprehensive Income includes remeasurements of defined benefit plans comprising of actuarial gain and losses.

Note: 12.1 Nature of Security and terms of repayment of secured borrowings

i. Term loans from banks:

Term Loan comprises of secured loan from DBS Bank India Limited and Kotak Mahindra Bank Limited.

The loan from DBS Bank India Limited is repayable in 66 equal monthly installments. The tenor of loan is 84 months with a moratotium of 18 months. The loan carries interest rate of 3.40%.

The loan from Kotak Mahindra Bank Limited is repayable in 66 equal monthly Instalment. The tenor of loan is 84 months with a moratotium of 18 months. The loan carries interest rate of 3months Euribor Bank Spread.

The Term Loan from DBS Bank India Limited and Kotak Mahindra Bank Limited are secured by of creating first paripasu charge on immovable property located at Plot no. 6012, 6002-6003, GIDC Ankleshwar, Gujarat.

ii. Car loan:

The Car loan is taken from HDFC Bank Limited, which is secured by way of hypothecation of car. The loan is repayable in 48 equal monthly instalments. The loan carries interest rate of 8.90% p.a.

Note 15.1: Overdraft Facility is secured by first pari pasu hypothecation charge on entire current assets and movable fixed assets of the firm (present and future) excluding current assets/movable fixed assets situated at Plot No. 6011. Also above facilities are secured by a charge in favour of DBS bank India Limited and Kotak Mahindra Bank Limited (first pari passu) over the immovable properties situated at Plot no. 6012, 6002-6003 GIDC, Ankleshwar 393002, Dist. Bharuch, for credit limits sanctioned by it. The whole of the amount is guaranteed by Directors. Terms of Repayment: Payable on demand.

Note 15.2: Loan from Directors are repayable on demand and interest free in nature.

The disclosure in respect of the amount payable to enterprises which have provided goods and services to the Company and which qualify under the definition of micro and small enterprises, as defined under Micro, Small and Medium Enterprises Development Act, 2006 has been made in the Financial statement as at March 31, 2024 based on the information received and available with the Company. On the basis of such information, no interest is payable to any micro, small and medium enterprises. Auditors have relied upon the information provided by the Company.

29. EMPLOYEE BENEFITS Defined Benefit Plans

(a) Gratuity

Every employee of the Company is entitled to the benefits in form of Gratuity for each completed year of service. The same is payable on retirement or termination whichever is earlier. The benefit vests only after five years of continuous service. The liability in respect of gratuity benefits being defined benefit schemes, payable in future, are determined by actuarial valuation as on balance sheet date.

In arriving at the valuation for gratuity following assumptions were used:

The Company's gratuity plan is not funded. The following table sets out the status of the gratuity plan as required under Para 11 of Ind AS 19 "Employee Benefits":

33. DISCLOSURES UNDER IND AS 116 "LEASES"

Assets taken on lease includes leasehold land,Staff Quarters taken from GIDC and Solar Power Plant.

Disclosure pursuant to Para B48 of IND AS 116

Termination and renewal options

All the lease assets aquired from GIDC which has life of 99 years and the Company has right to use such lease assets for the remaining years from the date of acquisition. Lessee has no right to termination of lease before its maturity period. Futher in case of lessee terminates a lease agreement before lease turm in such case lessee has to surrender his rights on said assets. The Lesseee has to pay 75% value of the difference amount between allotment price paid at the time of allotment and prevailing allotment price at the time of surrender application is refunded.

Lease period will be further renewed after the completion of lease period, i.e. 99 by lessee after paying GIDC renewal premium decided by the GIDC authority.

There is a least sensitivity of Reported information to key variables

Exposure to other risk to arise to leasehold assets are:

(i) Risk of non-maintenance: Lessee has to maintain leasehold as per the conditions specified in the deed of assignments. Further, Lessee has to pay annual GIDC revenue charges and land revenue on regular basis.

(ii) Alienation Risk: The risk associated with the lease is that the leased premises are under the ownership of the Lessor viz. GIDC, whereas the lessee (Shree Ganesh Remedies Limited) may face the risk of alienation of property at the end of the lease tenure of 99 years. The said risk is however mitigated by an option which can be exercised at the end of the lease tenure for renewal of the lease.

There are no deviations from industry Practice as regards unusual or unique lease terms and conditions,

which may affect the lessee’s lease portfolios.

Company as a lessee

Assets taken under leases - Lease Term

The weighted average incremental borrowing rate of 11.5 % has been applied to lease liabilities recognised in the

balance sheet at the date of initial application.

(B) CATEGORIES OF FINANCIAL INSTRUMENTS

Refer Note 36 (G) (A) for Classification of Financial Assets and Liabilities and its Fair Values.

(C) FINANCIAL RISK MANAGEMENT OBJECTIVES

The Company’s financial liabilities comprise mainly of borrowings, lease liabilities, trade and other payables and financial assets comprise mainly of cash and cash equivalents, other bank balances, investments, trade and other receivables.

The Company is exposed to Market risk, Credit risk and Liquidity risk. The Board of the Company monitors the risk as per risk management policy. Further, they also have oversight in the area of financial risks and controls.

The following disclosures summarize the Company’s exposure to financial risks. Quantitative sensitivity analysis have been provided to reflect the impact of reasonably possible changes in market rates on the financial results, cash flows and financial position of the Company.

(D) MARKET RISK

Market risk is the risk that the fair value of future cash flows of a financial instrument will fluctuate because of changes in market prices. Market risk comprises three types of risks: interest rate risk, currency risk and other price risk. Financial instruments affected by interest

rate risk includes borrowings, by currency risk includes borrowings, trade payables and trade receivables and by price risk includes investments.

Within the various methodologies to analyze and manage risk, Company has implemented a system based on "sensitivity analysis” on symmetric basis. This tool enables the risk managers to identify the risk position of the entities. Sensitivity analysis provides an approximate quantification of the exposure in the event that certain specified parameters were to be met under a specific set of assumptions. The risk estimates provided here assume:

- 1% increase/decrease in interest rates

- 5% increase/decrease in exchange rates

- 5% increase/decrease in investment price

The potential economic impact, due to these assumptions, is based on the occurrence of adverse/ inverse market conditions and reflects estimated changes resulting from the sensitivity analysis. Actual results that are included in the Statement of profit and loss may differ materially from these estimates due to actual developments in the global financial markets.

The following assumption has been made in calculating the sensitivity analysis:

The sensitivity of the relevant statement of profit or loss item is the effect of the assumed changes in respective market risks. This is based on the financial assets and financial liabilities held at March 31, 2025, and March 31, 2024.

Interest rate sensitivity

Profit or loss is sensitive to higher/lower interest expense from borrowings as a result of change in interest rates. The following table demonstrates the sensitivity of floating rate financial instruments to a reasonably possible change in interest rates. The risk estimates provided assume a parallel shift of 100 basis points interest rate across all yield curves. This calculation also assumes that the change occurs at the balance sheet date and has been calculated based on risk exposures outstanding as at that date. The period end balances are not necessarily representative of the average debt outstanding during the period.

Price Risk

The Entity is exposed to price risks arising from its investments in Mutual Funds which are held for strategic purposes. The sensitivity analysis have been determined based on the exposure to price risks for Investments in Mutual Funds at the end of the reporting period. If prices had been 5% higher/lower, Profit before tax for the year ended March 31, 2025 would increase/decrease by P 91.29 Lakhs (for the year ended March 31, 2024 by P 23.29 Lakhs) as a result of the change in fair value of investments.

(E) FOREIGN CURRENCY RISK MANAGEMENT

Currency risk is the risk that the fair value or future cash flows of an exposure will fluctuate because of changes in foreign exchange rates. The Company transacts business in foreign currencies (primarily USD). Consequently, the Company has foreign currency trade payables and receivables. Further, Company has also obtained foreign currency term loan and is therefore exposed to foreign exchange risk. The Company manages its foreign currency risk by following policies approved by board as per established risk management policy. The carrying amounts of the Company’s foreign currency denominated monetary items are as follows:

Foreign currency sensitivity analysis

The following tables demonstrate the sensitivity to a reasonably possible change in USD/EURO rates to the functional currency of respective entity, with all other variables held constant. The Company’s exposure to foreign currency changes for all other currencies is not material. The impact on the Company’s profit after tax is due to changes in the fair value of monetary assets and liabilities.

(F) LIQUIDITY RISK

Liquidity risk is the risk that the Company will encounter difficulty in raising funds to meet commitments associated with financial instruments that are settled by delivering cash or another financial asset. Liquidity risk may result from an inability to sell a financial asset quickly at close to its fair value. The Company's objective is to, at all times maintain optimum levels of liquidity to meet its cash and collateral requirements. The Company closely monitors its liquidity position and deploys a robust cash management system. It maintains adequate sources of financing at an optimised cost.

The table below analysis financial liabilities of the Company into relevant maturity groupings based on the remaining period from the reporting date to the contractual maturity date. The amounts disclosed under the ageing buckets are the contractual undiscounted cash flows and includes contractual interest payments.

B. Measurement of Fair Values

i. Financial Instrument measured at Amortised Cost

The carrying amount of financial assets and financial liabilities measured at amortised cost in the financial statements are reasonable approximation of their fair values since the Company does not anticipate that the carrying amounts would be significantly different from the values that would eventually be received or settled.

ii. Levels 1, 2 and 3: Valuation Techniques and Key Inputs

Level 1: It includes Investment that has a quoted price and which are actively traded. It is being valued using the closing price as at the reporting period on the active market. Fair value of Investment in Mutual Fund is considered as Level 1 fair value.

Level 2: The fair value of financial instruments that are not traded in an active market is determined using valuation techniques which maximise the use of observable market data and rely as little as possible on entity-specific estimates. If all significant inputs required to fair value an instrument are observable, the instrument is included in level 2. Fair value of foreign exchange forward contracts outstanding on reporting date is considered as Level 2 fair value.

Level 3: If one or more of the significant inputs is not based on observable market data, the instrument is included in Level 3.

iii. There have been no transfers between Level 1, 2 and 3 during the years.

iv. There is no movement in Instruments in Units of Mutual Funds classified as FVTPL and valued using Level 3

valuation technique.

38. DERIVATIVE FINANCIAL INSTRUMENTS AND HEDGING ACTIVITY

The Company's revenue is denominated in various currencies. Given the nature of the business, a large portion of cost is denominated in Indian Rupee. This exposes the Company to currency fluctuation.

The Company has entered into derivative instruments by way of foreign exchange forward. Such derivatives are recorded at fair value through profit and loss. As at March 31, 2025, the notional amount of outstanding contracts aggregated to T 725.42 Lakhs 169.47 Lakhs as at March 31, 2024) and corresponding derivative asset/(liability) is T 4.85 Lakhs (^ 1.46 Lakhs as at March 31, 2024).

41. OTHER NOTES

a. In respect of borrowings on the basis of security of current assets from banks and financial institutions, quarterly returns/statements of current assets filed by the Company with banks and financial institutions were in agreement with the books of account.

b. There were no charges or satisfaction yet to be registered with ROC beyond the statutory period.

c. The Company has not been declared as a wilful defaulter by any lender who has powers to declare a Company as a willful defaulter at any time during the financial year or after the end of reporting period but before the date when the financial statements are approved.

d. The Company has not advanced or loaned or invested funds to any other person(s) or entity(ies), including foreign entities ("Intermediaries") with the understanding that the Intermediary shall

(i) directly or indirectly lend 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.

Further, Company has not received any fund from any person(s) or entity(ies), including foreign entities (""Funding Party"") with the understanding that the Company shall (i) directly or indirectly lend 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."

e. The Company has not granted any Loans or Advances in the nature of loans to Promoters, Directors, KMP's and related parties that are repayable on demand or given without specifying terms or period of repayment.

f. The Company does not have any Benami property, where any proceeding has been initiated or pending against the Company for holding any Benami property.

g. The Company does not have any transaction with struck-off companies.

h. The Company has complied with the number of layers prescribed under clause (87) of section 2 of the Companies Act 2013, read with Companies (Restrictions on number of Layers) Rules, 2017.

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

j. The Company does not have any transactions which are not recorded in the books of account but has been surrendered or disclosed as income during the year in the tax assessments under the Income-tax Act, 1961 ( such as, search or survey or any other relevant provisions of the Income tax Act, 1961).