1. During the year, the Company commenced the ongoing project for conservation of a lake located at Meghpar (Kumbhardi), Village in Anjar Taluka, Kutch District, Gujarat. An amount of TI5.00 lakhs was spent towards this project during the year ended March 31, 2026. The project could not be initiated in the previous years due to feasibility constraints, primarily

on account of pending approvals and alignment with the local Gram Panchayat. During the current year, the necessary permissions and coordination with the Panchayat authorities were obtained, and the project was accordingly undertaken after reassessing its viability. The Company made a further contribution of ^6.20 lakhs during the year (For previous year ended March 31,2025: ^9.29 lakhs) to the Centre of CSR & Sustainability Excellence (Implementing agency), Delhi from the Unspent CSR Expenditure Account, towards its CSR ongoing project pertaining to the FY 2023-24, CSR initiative relating to environmental sustainability and conservation of natural resources, as approved by the CSR Committee at its meeting held on January 27, 2025. Accordingly, the total amount spent during the year amounts to ^21.20 lakhs, aggregating the total expenditure incurred till date to ^30.49 lakhs.

2. The Company has paid ^ 5.51 lakh to Rotary Club of Borivali, Charitable Trust for Paralympics objective for FY 2024-2025. This amount was inadvertently paid from “” Unspent CSR “” Bank account. The Company has rectified the same by transferring the amount of ^ 5.51 lakhs again to this account on June 11, 2025. Accordingly, the balance in this account matches with balance yet to be spent towards ongoing project for which this amount was earmarked.

3. The amount spent on CSR activities for the financial year includes the set-off of excess amount spent by the Company on CSR activities in the previous financial years of ^ 5.51 lakhs. The amount to be spent on CSR activities for the year 2025-26 is ^ 44.25 lakhs after set-off.

NOTE 35: DISCLOSURES REQUIRED UNDER SEC 186(4) OF THE COMPANIES ACT, 2013

The company has not given any loan to any Related Party or any other entity during the period ended on March 31, 2026.

NOTE 36: SEGMENT INFORMATION

For management purpose, the Company has determined reportable segment as “Wines and Spirits “ since the Board of Directors evaluates the Company's performance as a single segment.

NOTE 37: EARNINGS PER SHARE (EPS)

Basic earnings per share is computed by dividing profit or loss attributable to equity shareholders of

the Company by the weighted average number of equity shares outstanding during the period. The Company did not have any potentially dilutive securities in any of the years presented.

Note:

(a) Out of the disputed dues of ^ 15.70 lakhs pertaining to M/s. Monika Enterprises (“ the predecessorfirm) for F.Y. 2017-18 under the Central Sales Tax Act, 1956, part payment is made of ^8.57 lakhs. Final Stay order was granted vide order dated 28-01-2022 (MUM-VAT-E-913/MONIKA ENTERPRISES/ 27641152441C/ CST/ 01.04.2017 - 31.03.2018/955065/Final Stay/4392397).

(b) Disallowance of certain expenses by the Income Tax department resulted in tax liability of TI7.82 lakhs as per the notice received for F.Y. 2018-19 under the Income Tax Act, 1961 pertaining to M/s. Monika Enterprises (“ the predecessor firm). However, appeal is filed before CIT(A) on February 3, 2026.

The Company has entered into operating lease arrangements for office premises, godowns and other facilities.These leases include primarily short-term, cancellable arrangements (generally for a period of 11 months) and certain longer-term leases have non-cancellable period.

Lease payments recognised in the Statement of Profit and Loss for the year amount to ^ 113.90 lakhs (Previous year: ^ 66.38 lakhs)

The above commitments primarily relate to longer-term lease arrangements entered into by the Company.

Most of the Company's leases are cancellable in nature and do not give rise to long-term commitments. There are no significant restrictions imposed by lease arrangements and no contingent rent payable in respect of such leases.

NOTE 40: EMPLOYEE BENEFITS EXPENSE

The Company operates one post-employment defined benefit plan that provides gratuity. The gratuity plan entitles an employee, who has rendered at least five years of continuous service, to receive one-half month's salary for each year of completed service at the time of retirement. In case of employees completing longer service periods, the Company's unfunded scheme is more favourable as compared to the obligation under Payment of Gratuity Act, 1972/The Code of Social Security, 2020 (w.e.f November 21, 2025).

On November 21, 2025, the Government of India notified the four Labour Codes - the Code on Wages, 2019, the Industrial Relations Code, 2020, the Code on Social Security, 2020 and the Occupational Safety, Health and Working Conditions Code, 2020 - consolidating 29 existing labour laws. The Ministry of labour & Employment published draft Central Rules and FAQs to enable assessment of the financial impact due to changes in regulations. The Company has assessed for incremental impact of these changes on the basis of the best information available, consistent with the guidance provided by the Institute of Chartered Accountants of India. There is no incremental impact on gratuity which is required to be provided In the financial results due to change in ‘Wages' definition. The Company continues to monitor the finalisation of Central / State Rules and clarifications from the Government on other aspects of the Labour Code and would provide appropriate accounting effect on the basis of such developments as and when notified.

Gratuity is payable as per entity's scheme as detailed in the report.

Actuarial Gains/ Losses are accounted for in the period of occurrence in the Statement of Profit or Loss.

Salary escalation & attrition rate are considered as advised by the entity; they appear to be in line with the industry practice considering promotion and demand & supply of the employees.

During the year, there were no plan amendments, curtailments and settlements.

Any benefit payment and contribution to plan assets is considered to occur end of the year to depict liability and fund movement in the disclosures.

i. The Company has not revalued any Property or Plant and Equipment and intangible assets during the period ended on March 31, 2026.

ii. The Company has not made any loans or advances to Promoters, Directors, KMP or Related Parties during year ended on March 31, 2026.

iii. The Company does not have any Capital Work-in-Progress as at the Year Ended on March 31, 2026.

iv. The Company does not have any Intangible under development for the year ended on March 31, 2026.

v. The Company is not holding any Benami Property during the year ended on March 31, 2026.

vi. The Company has borrowings from banks or financial Institution against security of current assets and quarterly statements filed by the company are in agreement with unaudited books of acount. The details of the same for the year ended March 31, 2026 and March 31, 2025 are given in Note no. 7A to the Financial Statements.

vii. The company is not declared as wilful defaulter by any bank or financial institituion or lender.

viii. The Company did not have any material transactions with companies struck-off under section 248 of the Companies Act, 2013 or section 560 of the Companies Act, 1956 during the the year ended on March 31, 2026.

ix. All the charges against Bank Finance are registered with Registrar of Companies.

x. The Company does not have any subsidiary and therefore, provision related to compliance with the number of layers of companies in accordance with clause 87 of Section 2 of the Act read with the Companies (Restriction on number of Layers) Rules, 2017 is not applicable for the year ended March 31, 2026.

xi. The Company has not entered into any scheme of amalgamation or any other arrangment during the year ended March 31, 2026 and March 31, 2025.

xii. a) The Company has not utilised the borrowings received from banks and financial institutions

for the purpose other than for which it was taken during the year ended March 31, 2026.

b) During the year ended March 31, 2026, the Company has not advanced or loans or invested funds (either borrowed funds or share premium or kind of funds) to any other person(s) or entity(ies), including foreign entities (Intermediaries) with the understanding (whether recorded in writing or otherwise) 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.

c) During the year ended March 31, 2026, the Company has 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:

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.

xiii. Trade Receivables, Trade Payables, Borrowings, Loans & Advances and Deposits :

Balances of Trade Receivables, Trade Payables, Borrowings and Loans & Advances and Deposits are subject to confirmation.

xiv. Director Personal Expenses

There are no Director personal expenses debited to the profit and loss account.

xv. Exceptional & Extraordinary Items :

a) There are no exceptional & extraordinary items to be disclosed in accordance with the requirements of AS - 5 “Net Profit or Loss for the Period, Prior Period Items and Changes in Accounting Policies” for the year ended March 31, 2026.

b) During the year ended March 31, 2025, the Company sold a building and earned profit of ^ 132.48 lakhs, which had been classified as an exceptional item due to its non-recurring nature.

Further, the company had no extraordinary items to be disclosed in accordance with the requirements of AS - 5 “Net Profit or Loss for the Period, Prior Period Items and Changes in Accounting Policies” during the year ended March 31, 2025.

xvi. The Company has not traded or invested in Crypto Currency or Virtual Currency during the year ended March 31, 2026.

xvii. The Company has no such transactions which is not recorded in the books of accounts that has been surrendered or disclosed as income in tax assessments under Income Tax Act, 1961 during the year ended March 31, 2026.

xviii. The Company has declared and paid dividend during the year ended March 31, 2026. (Refer note no. 2 (vi) to the Financial Statements)

xix. As referred to Note no. 2(i) to the Financial statements, during the year, the Company has its Initial Public Offer (IPO) comprising 57,91,200 equity shares of face value TI0 each at an issue price of ^ 286 per share (including a premium of ^ 276 per share). The issue included a fresh issue of 47,91,200 equity shares and an Offer for Sale (OFS) of 10,00,000 equity shares by existing shareholders. The IPO Committee of the Board of Directors, vide its resolution dated July 21, 2025, approved the allotment of equity shares.

The equity shares of the Company were subsequently listed on the SME platform of BSE Limited on July 23, 2025.

The proceeds from the fresh issue (net of issue-related expenses) are being utilised towards the objects stated in the Prospectus, as under:

The unutilized amount of ^ 600.00 lakhs as at March 31, 2026 has been temporarily invested in fixed deposits with IndusInd Bank, in compliance with applicable regulatory requirements. On these fixed deposits, interest income of ^27.16 lakhs is earned for the year ended March 31, 2026 calculated based on interest certificates received from the bank as on March 31, 2026.

The Company confirms that utilisation of IPO proceeds is in line with the objects stated in the Prospectus and there has been no material deviation or variation requiring disclosure under applicable SEBI regulations.

xx. (a) During the year ended March 31, 2026, the shareholders of the Company have approved the

Monika Alcobev Employee Stock Option Scheme, 2026 (“ESOP Scheme”) on March 22, 2026 for grant of stock options to eligible directors and employees of the Company and its group company(ies), including its holding and subsidiary company(ies) (present and future, if any).

(b) The Company has submitted an application to BSE Limited seeking in-principle approval for listing of the equity shares to be issued pursuant to the exercise of options granted under the ESOP Scheme, and the approval is awaited.

(c) Under the ESOP Scheme, the total number of stock options to be granted shall not exceed 10,00,000 equity shares of the Company.

(d) As no stock options have been granted under the ESOP Scheme up to the reporting date, disclosures relating to options granted, vested, exercised, lapsed, money realised on exercise, total number of shares arising on exercise of options, subsequent changes or cancellation of options, and the impact on diluted earnings per share are not applicable as at March 31, 2026.

xxi. The Company maintains its books of account using SAP Business One (ERP system), which has an in-built feature of recording audit trail (edit log) for each transaction.

Pursuant to the requirements of proviso to Rule 3(1) of the Companies (Accounts) Rules, 2014 (as amended), the audit trail feature in SAP Business One is enabled and operated throughout the

year for all relevant transactions. The system maintains a log of all changes, including creation, modification, and deletion of transactions along with user identification and timestamps.

The audit trail records have been preserved by the Company in accordance with the statutory requirements for record retention.

This has not been tampered with and has been maintained as required under applicable laws.

xxii. Change in estimate of Income Taxes:

For the year ended March 31, 2026, the Company has determined provision for Income Taxes under section 115BAB whereas for the previous year it was determined under section 115BAA of the Income Tax Act, 1961 (“the Act”). The Company reassessed its position in respect of the applicable concessional tax regime under section 115BAB of the Act based on a legal opinion obtained during the year for calculation of Income tax liability while finalisation of Income Tax return for the financial year 2024-25 (Assessment Year- 2025-26) and the excess provision for the previous year will be given effect in books post completion of assessment, if any.

The aforesaid reassessment has been treated as a change in accounting estimate in accordance with the AS-5,”Net Profit or Loss for the Period, Prior Period Items, and Changes in Accounting Policies” and has been accounted for prospectively.

The Company's position is based on the legal opinion obtained; however, the matter involves interpretation of the provisions relating to the exercise and applicability of concessional tax regimes, including conditions governing eligibility and irrevocability of options under the Act.

xxiii. Figures have been rounded off to the multiple of lakhs. Previous year's figures have been regrouped, reclassed and rearranged wherever necessary to make them comparable with the current year figures.