2.18. Provisions, Contigent Liabilities & Contingent Assets

Provisions are recognised for liabilities that can be measured only by using substantial degree of estimation, if
the Company has a present obligation as a result of past event, a probable outflow of resources is expected to
settle the obligation and the amount of the obligation can be reliably estimated. Contingent liability is disclosed
in case of a present obligation arising from past events, when it is not probable that an outflow of resources will
be required to settle the obligation, a present obligation arising from past events, when no reliable estimate is
possible and a present obligation arising from past events, when the probability of outflow of resources is not
remote. Contingent Assets are neither recognized nor disclosed. Provisions & contingent liabilities are reviewed at
each Balance Sheet date.

2.19. Amortization of Miscellaneous Expenditure

Expenditure which is being deferred as benefit is deemed to accrue for more than one period of financial
statements; hence it is amortized in equal installments in 5 years. Preliminary expenses & License fees paid for
pollution control are being amortized in equal installments in 5 years after commencement of the operation.

*The company has raised money through Initial Public Offer ("IPO”) and has got listed on NSE emerge platform on 3rd
December, 2024 by way of fresh issue of 19,00,000 fully-paid-up equity shares of face value of Rs.10 each at a premium
of Rs.120 each.

3.2 Terms/Rights attached to Equity Shares

The Company has a single class of equity shares having a par value of '10 each. All issued, subscribed, and fully paid-up
equity shares rank pari passu with respect to voting rights, dividend entitlements, and all other rights, preferences, and
restrictions attached thereto. Each equity shareholder is entitled to one vote per share held. Dividends, if any, are proposed
by the Board of Directors and are subject to the approval of shareholders at the ensuing Annual General Meeting, except
in the case of interim dividends which may be declared by the Board at its discretion. In the event of liquidation of the
Company, equity shareholders are entitled to receive the residual assets of the Company after settlement of all liabilities
and preferential amounts, in proportion to the amount paid-up or credited as paid-up on the shares held by them.

The estimates of rate of escalation in salary considered in actuarial valuation, take into account inflation, seniority,
promotion and other relevant factors including supply and demand in the employment market. The above information
is certified by the actuary.

Notes to Accounts - 35
Cash Flow Statement

- The amount of significant cash and cash equivalent balances held by the enterprise as at March 31, 2025 was Rs.
68,20,654/- that are available for use by Company.

- Company does not have undrawn borrowing facilities that may be available for future operating activities.

- The Company has appropriate amount of Cash Flows that are required to maintain operating capacity.

- Company is investing adequately in the maintenance of its operating capacity.

- There are no non cash transactions happened in investing and financing activities to be excluded from Cash Flow
Statement.

Notes to Accounts - 36
Changes in Accounting Estimates:

There are no changes in Accounting Estimates made by the Company for the period ended 31st March 2025.

Notes to Accounts - 37
Changes in Accounting Policies:

There are no changes in Accounting Policy made by the Company for the period ended 31st March 2025.

Notes to Accounts - 38

Disclosures on Property, Plant and Equipment and Intangible Assets:

Property, Plant and Equipment

(a) There is no restriction on the title of Property, Plant and Equipment, subject to only those which are under
hypothecation/charge.

(b) without specifying any terms or period of repayment

NIL

(c) During the year the Company has given a loan of Rs. 846.79 Lakhs (Previous Year Rs. 2.43 Lakhs) and balance
outstanding at the year end is Rs. 715.83 Lakhs (Previous Year Rs. 34.28 Lakhs) at the rate of 12.00% per annum
to Nirvaanraj Energy Private Limited ('NEPL'), Subsidiary of Rajputana Biodiesel Limited. The interest has been
charged at the rate not less than Bank rate declared by Reserve Bank of India (RBI). Furthermore Management
is also of the opinion that the given loan is in compliance of section 185 and section 186 under Companies
Act, 2013. Investment in NEPL is Rs 187.24 lakhs.

Similarly, during the year the Company has given a loan of Rs. 283.07 Lakhs and balance outstanding at the
year end is Rs. 234.60 Lakhs at the rate of12.00% per annum to related entities other than Subsidiary company.
The interest has been charged at the rate not less than Bank rate declared by Reserve Bank of India (RBI).
Furthermore Management is also of the opinion that the given loan is in compliance of section 185 and
section 186 under Companies Act, 2013.

(d) As at 31st March 2025, the Company's total exposure in its subsidiary company Nirvaanraj Energy Private
Limited (NEPL) is Rs. 903.07 lakhs (Investment 187.24 lakhs and Unsecured Loan Rs. 715.83 lakhs). During
the financial year ended 31st March 2025, the related party has made payment of Rs. 267.90 lakhs against
its outstanding dues and interest. Considering the long term nature, the intrinsic value, positive net worth,
repayments made by NEPL and future cash flows of the assets of subsidiary company, in the opinion of the
management of the company, no provision for diminution in value is necessary at this stage.

(vi) Wilful Defaulter*

The Company is not declared as wilful defaulter by any Bank or Financial Institution or Other lender.

(a) Date of declaration as wilful defaulter,

N.A.

(b) Details of defaults (amount and nature of defaults),

N.A.

* "wilful defaulter”here means a person or an issuer who or which is categorized as a wilful defaulter by any bank or
financial institution (as defined under the Act) or consortium thereof, in accordance with the guidelines on wilful
defaulters issued by the Reserve Bank of India.

Note: The formulas are as per Guidance Note on Division I - Non Ind AS Schedule III to the Companies Act, 2013 and
Financial Management Study Module.

Notes to Accounts - 42
Other Disclosures

(a) The figures of previous financial year reported in this financial statement were regrouped and rearranged as per
requirement. Due these changes, there is no effect in the profitability of the company in previous financial year.

(b) In accordance with the provisions of Accounting Standard (AS) 17,'"'Segment Reporting””, the Company has evaluated
its business segments based on the products it manufactures and sells. Since the entire business operations are
conducted from a single geographical location, no geographical segments have been identified.

The Company deals in two primary products:

(i) Bio Diesel (Principal Product)

(ii) Crude Glycerine (Ancillary Product)

However, given that both products are closely related and are not separately identifiable in terms of financial
performance or decision-making, they have been classified under a single segment for the purpose of segment
reporting.

This classification is in compliance with the segment reporting requirements of AS 17, as prescribed by the Institute
of Chartered Accountants of India (ICAI), which allows for the aggregation of products with similar characteristics
into one segment when their financial performance is not distinguishable.

Thus, for the purpose of compliance with the relevant accounting standards, the Company has identified a single
segment in the financial statements.

(c) In the opinion of the management, Loans and Advances have a realizable 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 known liabilities have
been made.

(d) The asset other than Property Plant Equipment, Intangible Assets and non-current investment have value on
realization in the ordinary course of business equal to the amount at which they are stated.

(e) No amount has been set aside, or is proposed to be set aside, to provide for any specific liability, contingency, or
commitment known to exist as at the balance sheet date.

(f) There are no transactions that were not recorded in the books of accounts, and which has been surrendered or
disclosed as income during the year in the tax assessments under the Income Tax Act, 1961 (43 of 1961). Further,
There is no previously unrecorded income and related assets have been recorded in the books of accounts during
the year.

(g) Balance shown under head Sundry debtors, creditors and advances are subject to confirmation.

For and on behalf of the Board of Directors

FOR RAJVANSHI & ASSOCIATES Rajputana Biodiesel Limited

Chartered Accountants (Formerly known as "Rajputana Biodiesel Private Limited”)

Firm Reg. No.: 005069C

Peer Review Certificate No.: 015103

(Prakshal Jain) (Sarthak Soni) (Tanay Attar)

Partner (Managing Director) (Whole Time Director)

Membership No.: 429807 DIN: 07633751 DIN: 07633730

(Sarthak Soni) (Rohit Kumar Gauttam)

Place: JAIPUR (CFO) (Company Secretary)

Dated: 26.05.2025 M.No.: A56199