b) Terms / Rights attached to Equity Shares

The company has onlyone class of shares i.e. equity shares having a par value of' 10/- per share. Each holder of equity shares is entitled to one vote per share. The company declares and pays dividends, (if any), in Indian rupees. The dividend, if proposed, by the Board of Directors is subject to the approval of the shareholders in the ensuing Annual General Meeting.

In the event of liquidation of the company, the holders of equity shares will be entitled to receive remaining assets of the company, after distribution of all preferential amounts. The distribution will be in proportion to the number of equity shares held by the shareholders.

Nature and purpose of Reserves:

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

Capital Reserve: The Reserve is created based on statutory requirement under the Companies Act, 2013. This is not available for distribution of dividend but can be utilized for issuing bonus shares. General Reserves: General reserve is a free reserve and it represents amount transferred from retained earnings.

Retained earnings: Retained earnings comprises of the Company’s undistributed earnings after taxes.

Note 22:

ADDITIONAL NOTES ON ACCOUNTS :

1) Note 1 to 22 referred herein forms an integral part of these Financial Statements.

2) The Company is mainly operating in the business of manufacturing of Indian Made Foreign Liquor therefore as per Ind AS 108 there are no reportable Segment.

4) Pursuant to disclosure pertaining to Section 186 (4) of the Companies Act, 2013 the following are the details thereof: a Loan given-outstanding as at the year-end: NIL

b Investments Made:

Refer Note No. 3 of the Financial Staements

c Guarantee Given or Security Provided:

During the year there is no such transaction.

⁵⁾ In accordance with Ind AS 24 the related party disclosure is as under, the information regarding related party have been determined to the extent, such parties have been identified on the basis of information available with the company:

6) Pursuant to Ind AS 112 - 'Disclosure of Interests in Other Entities' the interest of the Company in its Subsidiary/ Associate is as follows :

Subsidiary

APT Infrastructure Pvt Ltd (60%)

The company has an investment in a subsidiary company namely APT Infrastructure Limited, a company Incorporated in the country of India. The ownership interest and voting power of the company in terms of the total subscribed and paid up share capital in the subsidiary is 60% (Pr. Yr. 60%) amounting to? 60 Lacs (Pr. Yr? 60 Lacs) which is the carrying amount that appears under Investment head in the balance sheet of the company.

c Provision For Taxation:

Company has not migrated to new regime of Income Tax Act, 1961 u/s 115BAA in current year.

d There were no such transactions that were not recorded in the books of accounts that have been surrendered or disclosed as income during the year in the tax assessments under the Income Tax Act, 1961 (such as, search or suivey or any other relevant provisions of the Income Tax Act, 1961).

12) Financial Instruments by Category and fair value hierarchy:

Set out below, is a comparison by class of the carrying amounts and fair value of the Company's financial instruments, other than those with carrying amounts that are reasonable approximations of fair values.

The fair values of the financial assets and financial liabilities included in the level 2 and level 3 categories have been determined in accordance with generally accepted pricing models based on a discounted cash flow analysis, with the most significant inputs being the discount rate that reflects the credit risk of counterparties.

To provide an indication about the reliability of the inputs used in determining fair value, the Company has classified its financial instruments into three levels prescribed under the Ind AS. An explanation for each level is given below. Level 1: Quoted (unadjusted) market prices in active markets for identical assets or liabilities.

Level 2: Valuation techniques for which the lowest level input that is significant to the fair value measurement is directly or indirectly observable.

Level 3: Valuation techniques for which the lowest level input that is significant to the fair value measurement is unobservable.

Notes:

1 There have been no transfer between Level 1, Level 2 and Level 3 during the period March 31, 2024 and March 31, 2023.

Note 22:

ADDITIONAL NOTES ON ACCOUNTS :

14) Financial risk management objectives and policies to the extent applicable:

The Company has not started any significant commercial operations and therefore the company does not envisage any market risk, currency risk, interest rate risk, price risk, liquidity risk and credit risk. The Company’s senior management in consultation with audit committee has the responsibility for establishing and governing the Company’s overall risk management framework, wherever applicable.

15) Consolidation of Accounts:

a The company is under an obligation to make consolidated financial statements covering its subsidiary APT Infrastrucure Pvt Ltd (CIN: U45400DL2007PTC170319; Shareholding 60%) alongwith associate of APT Infrastructures Pvt Ltd i.e. Rococo Mining Technologies Private Limited and SVR Realtors Private Limited and accordingly the said consolidated audited balance sheet will be separately made. b Pursuant to the provisions of section 2(87) of the Companies Act, 2013 the company is a subsidary of Royal Highland Distilleries Ltd (CIN no. U51228WB1992PLC056959) as the said company holds 61.41% shareholding of the company consequently the company is liable to be consolidated under Equity method with that company.

16) Figures of Trade Receivables, Trade Payables, Borrowings and Loans & Advances are subject to respective consent, confirmation, reconciliation and consequential adjustments, if any.

17) Events after reporting date

There have been no events after the reporting date that require adjustment/ disclosure in these financial statements.

18) In the opinion of board of directors of the company, the current assets, loans and advances have to value at which they are stated in the balance sheet if realised in the ordinary course of business.

19) Details of Benami Property held: NIL

20) The inventories amounting to ?4846596/- (Previous Year -? 4846596/-) is shown at cost instead of valuation at cost or net realizable value whichever is lower. As per Ind AS ascertainment of net realizable value requires technical judgments and consideration of market related factors. The impact of diminution in the valuation thereof, if any, will be accounted for in the year of consumption/realization.

21) Indications of Impairment

In the opinion of management, there are no indications, internal or external which could have the effect of impairing the value of assets to any material extent as at the Balance sheet date requiring recognition in terms of Ind AS 36.

22) Registration of charges or satisfaction with Registrar of Companies (ROC):

During the year, the charges or satisfaction which were to be registered with ROC have been done within the statutory period (if any).

²³⁾ In accordance with IND AS - 109 the long-term investments held by the company are to be carried at Cost or Fair Value. All the investments of the Company have been considered by the management to be of long-term nature.

24) According to Ind AS - 7 the desired Cash flow statement is enclosed herewith.

25) Previous year figures have been regrouped or rearranged where ever necessary.

26) The figures have been rounded off to the nearest multiple of a rupee in thousand.