xv) Foreign Exchange: (Amount in Lakhs)

FOB Value of Exports during the year - Rs. 6,863.11/-CIF Value of Imports during the year - Rs. 6,272.46/-

xvi) There are no Micro Small and Medium Enterprises to whom the company owes dues, as at 31st March 2025. This information as required to be disclosed under the Micro Small and Medium Enterprises Development Act, 2006 has been determined to the extent such parties have been identified on the basis of information available with company

xvii) As on 31.03.2025 the company had Advance received of Rs. 1,09,645.58 Lakh from debtors outstanding for more than 365 days. The same has been considered as deemed deposit and disclosed under the head “short term borrowing” as per Sub rule (xii) Rule-2 of the Acceptance of Deposits by Companies Rules, 2014

xviii) The Company has paid Remuneration to its director as per Section 197 of Companies Act 2013. Following are the details of Remuneration paid to director (Other than Directors Sitting Fees).

xx) Major amount of Foreign Exchange Loss/Profit pertains to advances given to Foreign suppliers and advances received from Foreign customers in previous year. Since, in previous year the Foreign Exchange Loss cannot be adjusted with its relevant purchase/sales the said amount has been transferred to “Other Income”.

xxii) Financial Assets and Liabilities: Short-term borrowings, current assets, and current liabilities, including trade receivables, trade payables, and loans and advances, are subject to individual confirmations/third party confirmation and consequent adjustments, if any. The management has already requested confirmation of these balances, and while the process is still ongoing, it believes that no material adjustments will be required in the books of account upon receipt of such confirmations.

xxiii) During the year under review, the following contingent liabilities exist:

a) Outstanding income tax demand of ?27.55 lakh has been raised for Assessment Year 2016-17. The demand pertains to a period prior to the change in management pursuant to the Share Purchase Agreement (“SPA”) executed between the Acquirer and the Seller on 09th August 2018. As per the SPA, any liability not disclosed in the Audited Balance Sheet of the Company as on 31st March 2018 shall be borne and settled by the Seller.

b) The company has received summons from the GST department seeking details of certain transactions for FY 2020-21 and FY 2021-22 involving Input Tax Credit (ITC) amounting to ?2,600.72 lakh. The company has already furnished an adequate and comprehensive reply to the relevant authority and based on the merits of its case, expects the verdict to be in its favor.

xxiv) During the year under review, the following litigations/notices/cases are pending against the Company:

a) The Company is currently subject to an investigation involving multiple entities and individuals in connection with alleged financial misconduct, primarily relating to money laundering and fraudulent activities. Key individuals and entities under scrutiny include Mr. Gulam Abbas, M/s. Fairplay, and M/s. Flawless Pharma, which have been accused of engaging in illicit financial transactions and using shell companies for fund laundering. The Company submitted its final reply on 22nd August 2024. Since then, no further queries have been raised by the Department, nor has the Company received any subsequent communication from the authorities.

b) A legal notice has been issued by advocates Abhay Garg and Anshul Garg on behalf of their client, Neoloba Specialty Private Limited, to the Company and its directors, dated September 26, 2024. The notice concerns a breach of contract due to the non-payment for goods supplied. The amount involved in said notice is ?497.02 Lakh. The company has initiated legal action under the negotiable instruments act for criminal breach of trust and other related offenses. The Case is pending with the court.

c) During the year under review, one of the creditors, Boston Ivy Healthcare Solutions Pvt. Ltd., appointed Adv. Siddhima Kotak to serve a notice of demand under Section 8 of the Insolvency and Bankruptcy Code, 2016. As on the date of the Balance Sheet, the case has not been admitted by the National Company Law Tribunal (NCLT)

xxv) Financial risk management:

The Company’s activities expose it to a variety of financial risks, including market risk, credit risk and liquidity risk. The Company’s primary risk management focus is to minimize potential adverse effects of market risk on its financial performance. The Company’s risk management assessment and policies and processes are established to identify and analyse the risks faced by the Company, to set appropriate risk limits and controls, and to monitor such risks and compliance with the same. Risk assessment and management policies and processes are reviewed regularly to reflect changes in market conditions and the Company’s activities. The Board of Directors are responsible for overseeing the Company’s risk assessment and management policies and processes.

a) Credit Risk: Credit risk is the risk that counter party will not meet its obligations under a financial instrument or customer contract, leading to a financial loss. The Company’s credit risk arises from accounts receivable balances. Accounts receivable balances outstanding as on reporting date amount to Rs.59,092.77 Lakhs which pertains to the amount receivable from a non related party.

The finance function of the Company assesses and manages credit risk based on internal credit rating system. Internal credit rating is performed for each class of financial instruments with different characteristics.

b) Liquidity risk: Prudent liquidity risk management implies maintaining sufficient cash and marketable securities and the availability of funding through an adequate amount of committed credit facilities to meet obligations when due. Due to the nature of the business, the Company maintains flexibility in funding by maintaining availability under committed facilities. Management monitors rolling forecasts of the Company’s liquidity position and cash and cash equivalents on the basis of expected cash flows. The Company takes into account the liquidity of the market in which the entity operates. In addition, the Company’s liquidity management policy involves projecting cash flows and considering the level of liquid assets necessary to meet these, monitoring balance sheet liquidity ratios against internal and external regulatory requirements and maintaining debt financing plans.”

c) Market risk- foreign exchange: 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 two types of risk: interest rate risk and currency risk. Financial instruments affected by market risk include borrowings, deposits, trade receivables and other financial instruments.

d) Interest rate risk: The Company’s policy is to minimize interest rate cash flow risk exposures on long-term financing. As at 31 March 2025, the Company is not exposed to any risk pertaining to the changes in market interest rates.

e) Price Risk: The Company does not deal in trading in shares/commodity market. Therefore, The Company is not exposed to fluctuations in share price arising on purchase/ sale of shares.

xxvi) Additional Regulatory Information

(i) Details of Benami Property Held: According to the information and explanations available with us, the Company does not have any Benami Property, where any proceeding has been initiated or pending against the Company for holding any Benami Property.

(ii) Willful Defaulter: According to the information and explanations available with us, the Company has not been declared a willful defaulter by any bank or financial institution or other lender.

(iii) Relationship with Struck off companies: According to the information and explanations available with us, the Company does not have any transactions with struck off companies.

(iv) Registration of Charges/Satisfaction with ROC: According to the information and explanations available with us, the Company does not have any charges or satisfaction which is yet to be registered with ROC beyond the statutory period.

(v) Details of Crypto currency or virtual currency: According to the information and explanations available with us, the Company have not traded or invested in Crypto Currency or Virtual Currency during the financial year.

(vi) Utilisation of borrowed funds and share premium:

1) According to the information and explanations available with us, the Company have 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:

(a) 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

(b) provide any guarantee, security or the like to or on behalf of the Ultimate Beneficiaries

(c) The Company has not entered any transaction for which declaration have to be given for relevant provision of the Foreign Exchange Management Act,1999 (42 of 1999) and Companies Act as well as there is no violation of the Prevention of Money -Laundering Act,2002.

2) According to the information and explanations available with us, the Company have not received any fund from any person(s) or entity(ies), including foreign entities (Funding Party) with the understanding (whether recorded in writing or otherwise) that the Company shall:

(a) 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

(b) provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries.

(c) The Company has not entered any transaction for which declaration have to be given for relevant provision of the Foreign Exchange Management Act,1999 (42 of 1999) and Companies Act as well as there is no violation of the Prevention of Money -Laundering Act,2002.

(vii) Undisclosed Income: According to the information and explanations available with us, the Company does not have any transaction which is not recorded in the books of accounts that 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).

(xxvii) The company has not made a provision for gratuity as required under the Payment of Gratuity Act, 1972. (XXViii) Previous year’s figures have been regrouped, recast wherever necessary.