12. Provisions. Contingent Liabilities and Contingent Assets: - (AS-29)

Provisions are recognized only when there is a present obligation as a result of past events

and when a reliable estimate of the amount of the obligation can be made.

Contingent Liabilities is disclosed in Notes to the account for: -

(i) Possible obligations which will be confirmed only by future events not wholly within the
control or

(ii) Present Obligations arising from past events where it is not probable that an outflow of
resources will be required to settle the obligation or a reliable estimate of the amount of
the obligation cannot be made.

Contingent assets are not recognized in the financial statement since this may result in the

recognition of the income that may never be realized.

13. General:

Except wherever stated, accounting policies are consistent with the generally accepted
accounting principles and have been consistently applied.

For K.P. Parekh & Co. For Jay Kalilash Namkeen Limited

Chartered Accountants

— I Kalpesh ParekhY \\

Kalpesh Parekh Neel Narendrabhai Pujara Tulsi Neel Pujara

Membership No. 145203 Director Director

FRN: 133654W DIN: 09221477 DIN: 09560733

Place: - Rajkot
Date: - 18/04/2025