(Out of above, 51,77,000 Equity Shares issued at Rs.10/- each, 48,00,000 Equity Shares of Rs. 10/- each issued at Share Premium of Rs. 68/-each and 1,48,23,000 Equity Shares at Rs. 10/- each on conversion of unsecured loans.

Terms and Rights attached to the Equity Shares:

The Company has only one class of equity shares having a par value of '10/- per share. Each holder of equity shares is entitled to one vote per share. No Dividends were proposed by the Board of Directors for the financial year 2022-23 / 2021-22. In the event of liquidation of the company, equity shareholders will be entitled to receive remaining assets of the Company after distribution of all preferential amounts.

The distribution shall be in proportion to the number of equity shares held by shareholders.

Nature and Purpose of Reserves:

(i) Securities Premium Reserve

Securities premium is used to record the premium on issue of shares or debentures. The reserve will be utilised in accordance with the provisions of the Companies Act, 2013.

(ii) Fair Value through Other Comprehensive Income

The Company has elected to recognise changes in the fair value of certain assets / liabilities through OCI. These changes are accumulated within the OCI reserve within other equity. The Company transfers amounts from this reserve to retained earnings when the relevant assets are derecognised.

This information as required to be disclosed under the Micro, Small & Medium Enterprise Development Act, 2006 has been determined to the extent such parties have been identified on the basis of the information available with the Company and provided by the parties.

Note 38 - Segment Reporting

In accordance with Ind AS 10S, the Board of directors being the Chief operating decision maker of the Company has determined its only business segment as manufacturing and selling of processed food and beverages.

Since the Company's business is from manufacturing and selling of processed food and beverages and there are no other identifiable reportable segments. Thus, the segment revenue, segment results, total carrying amount of segment assets, total carrying amount of segment liabilities, total cost incurred to acquire segment assets, total amount of charge for depreciation during the year is as reflected in the financial statement.

Note 39 - Balance Confirmations

Confirmation of debit and credit balances from certain parties has not yet been received. Their accounts are subject to adjustments, if any, or receipt of the confirmations but in opinion of Management differences in balances if any will not be material.

Defined Benefit PLin : General Description

Gratuity: Each employee rendering continuous service of 5 years or more is entitled to receive gratuity amount equal to 15/26 of the monthly emoluments for even* completed year of sen*ice subject to maximum of' 20 Lakhs at tire time of separation from the company.

The following tables summarise the components of net benefit expense recognised in the statement of profit or loss and the funded status and amounts recognised in the balance sheet for the respective plans:

ii) Financial instruments risk management

The Company's activities expose it to market risk, liquidity risk and credit risk. The Company s board of directors has overall responsibility for the establishment and oversight of the Company's risk management framework This note ev plains the sources of risk which the entity is exposed to and how the entity manages the risk and the related impact in the financial statements.

A) Credit Risk

Credit riskis theriskthata counterparts'fails to discharge its oblige bon to the Company. The Company s exposure to creditrisk is influenced mainly by cash and cash equivalents trade Tec eivables and financial assets measured atamorbsedcost.TheCompanyconbnuouslymonitors defaults of customs* and other counterparties and incorporates this information into its credit riskcontrols.

a) Credit risk management

i) Credit risk rating

The Company assesses and manages credit nsk of financial assets based on following categones arrived on the basis of assumpbons inputs and factors specific to theclass of financial assets.

A: Loss* credit risk B: Mo da-ate credit risk C:Higi credit risk

Based onbusiness environment m which the Company opaates a default on a financial asset is considered when the counta parts* fails to make payments within the agreed time period as per contract. Loss rates reflating defaults are based on actual credit loss experience and considering differences between current and his to heal economic conditions

Assets are written off when there is no reasonable expectation of recovay. such as a detrtor declaring bankruptcy or a lib gab on decided againstthe Comp any. The Comp any continues to engage with parties whose balances are written off and attanpts to enforce repayment Recoveries made a re reco^used m statement of profit and loss

c) Credit loss assessment for trade receivables

Customer credit risk is managed by each business unit subject to the Company's esta Wished policy, procedures and control relating to cus tomer credi t n sk management Credit quality of a customer is assessed based an an extensive credit review and individual creditlimife are defined in accordance wi fir this assessment Outs tan ding customer receivables are regularly mom teed. At the year end the Company d oes not haw any significant concentrations of bad debt risk An imp airment analysis is p erformed at each reporting date cn an individual basis for major clients. The calculation is based on historical data. The Conpanv does not hold collateral as security. The Company evaluates the concentration of nsk with respect to trade receivables as low, as its customers are located in several jurisdictions and operate in largely independent markets.

6) Liquidity risk

Prudent liquid it>* risk management implies maintaining sufficient cash 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 Conpanv maintains flexibility in funding by maintaining availability under committed facilities.

Management monitors rolling forecasts of the Conpanv's liquidity position and cash and cash equivalents on the basis of expected cash flows. The Conpanv fakes into account the liquidity of the market in which the entity operates.

Mahu ities of financial liabilities

The tables below analyse the conpanv's financial liabilities into relevant ma tiirity ccmpamingp based cn their contractual maturities for all nan-derivative financial liabilities and the amounts disclosed in the table are the contractual undiscounted cash flows. Balances due within 12 months equal their carrying balances as the impact of discounting is not significant

q Market Risk

Foreign exchange risk -

Forei gn currency risk is th e risk that the fair value or future c ash flows of an exp osure will flue tua te becau se of changes 1 n foreign e*c hange rates. The Conpanv does not hedge fora gn currency exposure arising under such contracts. The Conpanv does not have foreign currency receivables as well as payahles Therefore the Conpanv is not exposed to Foreign Eve hange Risk.

Note 42- Financial risk management Risk management

The Company's capital management objectives are to msure the Conpany s ability toccntinue as a gang concern as well as to proude adequate return to shareholders by pricing products and services commensuiately with the level of risk. The Conpanv monitors capital on the basis of the earning amount of equity plus ite borrowing?, less cash and cash equivalents as presented on the face of the statement of financial positionand cash flow hedges recognised in other ccupiehensive income.

Management assesses the Conpan/s capital requirements in order to maintain an efficient overall financing struc tore while avoiding excessive leverage This fakes into account the subordination levels of the Conpan/s various classes of debt. The Conpanv manages thecapifal structure and makes adjustments to it in the light of changes m economc conditions and the risk characteristic s of the underlying assets. In order to maintain or adjust the capital struc ture, the Conpanv may adjust the amount of dividends paid to shareholders. return capital to shareholders, issue new shares, or sdl assets to reduce debt. The amounts managed as capital by the Conpanv for the reporting penods under review are summarised as follows:

b The title m respect of self-constructed buildings and title deeds of other immovable properties, disclosed m the financial statements included under Property, Plant and Equipment are he 1dm the name of the Company.

c The Company doe not have any Benamipropety, v, haeany proceeding has beat initiated or paidiig against theCompany far holding any Baiamipropety unde Senam ilia ns actions (Prohibition) Act, 19SS (-45 of 19SS)l

d The Company has not been declared as a wilftt 1 defau Iter by any lender who has the power to dec lam a C omp any as a w iltu 1 de £a ulte r at any time dunng the hnanoal year or after the end of reporting period bn t before the date when the financial statements an approved.

e The Company doe not have any mataial transactions with comp am* strudoffunda Section 24$ of the Com pan ie Act, 2013 or Section 560 of Companies Act, 1956 duiingthefinancial yea:, f The Company doe s not have anycharges or satisfaction wluchisyetto be regstered with the Registrar of Companies (RoC) beyond the statu tory period g The Company has not tra de dor invested in Crypto currency or \irtua! Currency dimng the financial par.

h No funds havebeen advanced os loaned or inve ted (other 6 om borrowed fundsor share pier, ium or any oth* source or hind offunds)by the Group tocr in any ether per som(s) or «itity{ie)t including for agn entities (“Intamediarie') withtheund* standing, wheha recorded in writing or oth* wist that the Intermediary shall lend or invet in party idaititiedby or onbAalfoftheGroup (UltimateBenehciarie). Faith*, TheGroup has not received any fund 6am any partyjs ((Funding Party) w iihtheundestandingthat the Group shall w hetha, diectly or indirectly laid or invet in oth* pesonsor aititie idartified by or on bAalfoftheGroup ("Ultimate Baieiciarie') or provide any guarantee security or the lilecn behalf of the UltimateBeneficiajie.

46 Debit and credit balances of parties included under the head Sundry Debtors, Current Liabilities Loans & Advances are subject to confirmation and reconciliation.

In the opinion of the management, Current Assets, Loans and Advances have a realisable value in the ordinary course of business not less than the amount at which they are stated in the Balance Sheet and provision for all know liabilities and doubtful assets have been made.

47 Previous year figures

Figures for the previous year have been regrouped/reclassified/reinstated, wherever considered necessary for better presentation purpose.