1.10 Provisions, contingent liabilities, and contingent assets-

A provision is recognised when the company has a present obligation as a result of past events and it
is probable that an outflow of resources will be required to settle the obligation, in respect of which a
reliable estimate can be made. Provisions are measured & recognized based on management's best
estimate of the expenditure required to settle the present obligation at the end of the reporting period.

Contingent liabilities are disclosed in respect of possible obligations that arise from past events, whose
existence would be confirmed by the occurrence or non- occurrence of one or more uncertain future
events not wholly within the control of the Company, Or a present obligation that arises from past
events but is not recognised because it is not probable that an outflow of resources embodying
economic benefits will be required to settle the obligation; orthe amount of the obligation cannot be
measured with sufficient reliability. Contingent assets are not recognised in the financial statements.
However, it is disclosed only when an inflow of economic benefits is probable.

1.11 Revenue Recognition-

The Company manufactures and sells a range of Food products

Revenue from sale of products is recognised when control of the products has transferred, being
when the products are delivered to the customers/dealers. Delivery occurs when the products have
been shipped or delivered to the specific location as the case may be, the risks of loss has been
transferred, and either the Customers/Dealers has accepted the products in accordance with the
sales contract Revenue is measured net of returns, trade discounts and volume rebates.

Export sales are accounted on the basis of Bill of Lading. Export sales are recorded at the exchange
rates prevailing as on the transaction date and adjusted for the exchange difference, if any, upon
realization.

Lease income on leased assets is recognized and included underthe other operating revenue.

1.12 Borrowing Costs-

Borrowing costs includes interest amortization of ancillary costs incurred in connection with the
arrangements of borrowing and exchange differences from foreign currency borrowings to the extent
they are regarded as an adjustmenttothe interest cost

Borrowing costs directly attributable to the acquisition, construction or production of an asset that
necessarily takes a substantial period of time to get ready for its intended use or sale are capitalized as
part of the cost of the respective asset All other borrowing costs are expensed in the period they occur.

1.13 Taxes-

Provision for current tax is made on the basis of estimated taxable income for the current accounting
period and in accordance with the provisions of the Income tax Act 1961

Deferred tax resulting from “timing difference” between book and taxable profit for the year is
accounted for using the tax rates and laws that have been enacted or substantially enacted as on the
Balance Sheet date. The deferred tax asset is recognized and carried forward only to the extent that
there is a reasonable certainty that the assets will be adjusted in future.

1.14 Earnings per Share-

Basic earnings per share is computed by dividing profit or loss for the year attributable to equity
holders by the weighted average number of shares outstanding during the year. Partly paid-up shares
are included as fully paid equivalents according to the fraction paid-up.

Diluted earnings per share is computed using the weighted average number of shares and dilutive
potential shares except where the result would be anti-dilutive.

1.15 Cash Flow Statement-

Cash flows are reported using the indirect method, whereby profit for the period is adjusted for the
effects of transactions of a non-cash nature, any deferrals or accruals of past or future operating cash
receipts or payments and item of income or expenses associated with investing or financing cash
flows. The cash flows from operating, investing and financing activities of the Company are
segregated.

1.16 Government Subsidy-

Subsidy from the Government is recognized when there is reasonable assurance that the company
will comply with the conditions attached to them.

1.17 Deferred Revenue Expenditure-

Expenditure incurred on advertisement and other expense for promotion of new products is
amortised over a period of five years, having due regard to the nature of expenses and the benefit that
may be derived there from. Expenditure on routine product advertisement is expensed off to profit &
loss account in the year in which it is incurred.

Kothapalli Srinivasa Rao Myadam Shirisha Raghuveer

Director - Sales Administration Chairperson and Managing Director

DIN: 10198629 DIN: 07906214

Revoori Jithender Reddy Sweety Rai

Chief Financial Officer Company Secretary

Membership No. ACS 31513

C. Terms/rights attached to equity shares

The Company has only one class of equity shares having a parvalue off 10 per share. Each holder of equity shares is entitled
to one vote per share. The Company declares and pays dividend in Indian Rupees. The dividend proposed by the Board of
Directors if any, is subject to the approval of the shareholders in the ensuing Annual general meeting.

D. Share Capital

For non-payment of call-moneys, 82,200 equity shares of ? 10 each were forfeited by the Board after due compliance of
legal formalities and such shares have not been reissued so far.

Nature of security of borrowings as at 31 st March, 2025

A Secured Loans

a) Secured loans repayable on demand comprises of cash credit and Term loans repayable in suitable instalments from HDFC
Bank Ltd and Indian Overseas Bank secured by a pari-passu charges on current assets (other than stocks funded through
warehousing funding) and fixed assets of the company (Land & Building and Plant & Machinery situated at Begumpur
Khatola, Curgaon, Haryana) ii. Commercial Flat no. E-1 & E-ll, 4th Floor, Surya Towers premises bearing no.1-4-7 to 19
admeasuring 4564 sq.ft at Sardar Patel Road, Secunderabad, Telangana on 1 st pari -pasu charge basis and personal
guarantee of Ms. Myadam Shirisha Raghuveerand Mrs. M.Sugandha Bai.

b) Axis bank:

I) Secured by Industrial Godown and Land to an extent of 5894.91 Sq. yards situated at HNo. 10-3-99/23, Llngojiguda.
Saroor Nagar, Ranga Reddy District Within Hyderabad municipal corporation limits standing in the name of Ms. Myadam
Sugandha Bai.

ii) Hypothecation of Charge over the entire assets created and also purchased out of Axis bank term loan in the project
land area of AC 16.38 Guntas situated at Gohana, Sonipat Haryana.

iii) M/s. Diptanshu Food Industries Private Limited has provided corporate Guarantee by way of equitable mortgage of
Industrial Land and Buildings admeasuring Ad 6.38 Guntas Situated at Mustil No: 46, Kila No: 6, Patti Kalyana village,
Gamri village to Patti kalyana road, Gohana, Sonipat Haryana standing in the name of M/s. Diptanshu Food Industries
Private Limited (formerly known as Bambino Industries Private Limited).

35. Dividend : The Company proposed a dividend of ? 1.60 Per Share of face value of ? 10 each in the board
meeting held on 21 st May, 2025, subjectto the approval of Members at the ensuing ACM.

36. Land and Building Taken on Lease

The Company has taken on lease the land and buildings of Diptanshu Food Industries Private Limited a
related company at Oohana, Sonipat, Haryana for a period of 10 years as per Lease Deed (effective from 1 st
July 2021) for set-up of Pasta plant Lines, at a monthly rentals of? 22.00 lacs and applicable taxes. The total
rent paid during the year is? 264.00 lakhs.

37. Applicability of IND AS 108

The Company is engaged in Food Products, which as per IND AS 108 is considered as the only reportable
business segment The geographical segmentation is not relevant as exports are insignificant

38. Legal Case Filed

Two shareholders having substantial equity in the company have filed a petition against the company and
others in National Company Law Tribunal, Hyderabad with C.P. No. 20 of 2021 under sections 241,242 &
245 of the Companies Act 2013. Subsequently Mrs. Myadam Anita withdrew the company petition, i.e,
IA(CA)33/2022, which was permitted by the Hon'ble NCLT, Hyderabad, by order dated 27th September,
2022 and the trial is going on and the case is posted forfurther hearing on 2nd April, 2025 and reposted on
6th June, 2025 forfurther hearing.

for PRV Associates for and on behalf of the Board

Chartered Accountants,

F.R.No. 006447S Bambino Agro Industries Limited

P. Manohar Kothapalli Srinivasa Rao Myadam Shirisha Raghuveer

Partner Director - Sales Administration Chairperson and Managing Director

Membership No. 231829 ^{DIN: 10198629} DIN: 07906214

Place Hyderabad, Telangana Revoori Jithender Reddy Sweety Rai

Date : 21 st May, 2025 _{chief Rnanda}| off|_cer Company Secretary

ACS 31513