Note 1(c) NOTES TO ACCOUNTS:-

1 The Financial Statements for the year ended on 31st March, 2018 are prepared based on Schedule III of Companies Act, 2013.

2 The Micro Small and Medium Enterprise registered under The Micro small and Medium Enterprise Development Act 2006 have been taken based on the list of MSME creditors provided by the management. However, as the Company has not received any claims in respect of such interest and as such, no provision has been made in the books of accounts.

3 Related Party Disclosures (AS 18) :-

(a) Related party and their relationship_

Names of the related parties with whom transactions were carried out during the period and description of relationship.

1. KEY MANAGERIAL PERSON 1. Shri Sanjay Beigani (M.D.)

2. Shri Anil Kumar Nahata (C.E.O.)

3. Ms Anjali Bamboriya (Company Secretary) _4. Shri Ashok Dhakad (C.F.O.)_

1. Smt. Kiran Devi Begani

2. OTHER DIRECTORS 2. Smt. Padma Nahata

3. Shri Gopal Agarwal

_4. Shri Sunil Kumar Agarwal_

3. Wholly Owned Subsidiary Company 1. M/s ShreeOswal Psyllium Exports India Ltd

(esterwile Partnership Finn named M/s Oswal Psyllium Exports Converted into Company on 28.02.2018)

Notes

i) The related party relationships have been determined by the company on the basis of the requirements of the Accounting Standard (AS)-18 “Related Party Disclosures".

ii) The relationships as mentioned above pertain to those related parties with whom transactions have taken place during the current year / previous year.

The Company has recognized deferred tax asset on depreciation as per books of accounts and depreciation allowable as per Income Tax Act, 1961. The Net deferred tax asset is disclosed on the face of the Balance Sheet.

5 Figures in Brackets indicate negative values.

6 Unsecured loans, advances from customers, advances recoverable in cash or in kind, investments and various other parties are subject to confirmations.

7 The management of the company has carried out an exercise to ascertain impairment of Fixed Assets, if any, In the opinion of the management of the company there are no indication of impairment of assets as at 31/03/2018 and therefore no effect of impairment is required to be given in the books of accounts.

8 Cash balance is taken as valued & certified by management.

9 Pending Litigations and Criminal Proceedings:-

As details provided by management and further verified by us, apart from those as stated below there are no outstanding litigations, suits, criminal or civil prosecutions, proceedings or tax liabilities against / by the Company, directors, promoters and group entities and there are no defaults, non-payment of statutory dues, over-dues to banks/financial institutions, default against banks/financial institutions by Company, default incretion of full security as per terms of issue/ other liabilities, no amount so we to small scale undertakings or any other creditor exceeding 1 lakh, which is outstanding for more than 30 days, no proceedings initiated for economic / civil I any other offences other than unclaimed liabilities of our Company and no disciplinary action has been taken by SEBI or any stock exchange against the Company, Promoters, Directors and group entities.

Further, there are no show-cause notices/claims served on Company, promoters, directors or group entities from any statutory authority/revenue authority that would have a material adverse effect on the business.

a. Outstanding Statutory Dues Related to Direct Tax:-

The Total amount outstanding relating to direct tax which are verified through the online portals of income tax and traces portal or payable in the books of accounts are attached in the below mentioned table: -

There are no specific claims from suppliers under the Micro, Small and Medium Enterprises Development Act, 2006 during the year.

13 Expenditure on Research & Development

During the year, the company has not incurred any expenditure on Research & Development.