3.3 Provisions and contingencies

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 not discounted to their present value and are
determined based on the best estimate required to settle the obligation at the Balance Sheet date. These are reviewed at each Balance Sheet date
and adjusted to reflect the current best estimates. Contingent liabilities are disclosed in the Notes.

3.4 Contingent Liabilities

A Contingent liability is a possible obligation that arises from the past events whose existence will be confirmed by the occurrence or non-occurrence
of one or more uncertain future events beyond the control of the company or a present obligation that is not recognized because it is not probable that
an outflow of resources will be required to settle the obligation. A contingent liability also arises in extremely rare cases where there is liability that
cannot be recognized because it cannot be measured reliably. The company does not recognize a contingent liability but discloses its existence in
the financial statements.

3.5 Leased Assets

In case of Lessee

Assets taken on lease, under which the lessor effectively retains all the risks and rewards of ownership, are classified as operating lease. Operating
lease payments are recognized as expense in the statement of profit and loss account. Assets acquired under leases where all the risks and
rewards of ownership are substantially transferred to company are classified as finance leases. Such leases are capitalized at the inception of the
lease at the lower of fair value or the present value of minimum lease payments and liability is created for an equivalent amount. Each lease rental
paid is allocated between the liability and interest cost so as to obtain a constant periodic rate of interest on the outstanding liability for each period.
The lease of Industrial land from MP Audyogik Kendra Vikas Nigam (Indore) Limited is to be surrendered in the coming time.

3.6 In case of Lessee

Leases in which the company transfers substantially all the risks and benefits of ownership of the asset are classified as finance leases. Assets
given under finance lease are recognized as a receivable at an amount equal to the net investment in the lease. After initial recognition, the company
apportions lease rentals between the principal repayment and interest income so as to achieve a constant periodic rate of return on the net
investment outstanding in respect of the finance lease. The interest income is recognized in the statement of profit and loss. Initial direct costs such
as legal costs, brokerage costs, etc. are recognized immediately in the statement of profit and loss. Leases in which the company does not transfer
substantially all the risks and benefits of ownership of the asset are classified as operating leases. Assets subject to operating leases are included in
fixed assets. Lease income on an operating lease is recognized in the statement of profit and Loss as revenue from operation. Costs, including
depreciation, are recognized as an expense in the statement of profit and loss. Initial direct costs such as legal costs, brokerage costs, etc. are
recognized immediately in the statement of profit and loss.

3.11 The balances of Loans and Advances, Current Liabilities & Provisions and other personal accounts are subject to confirmation and reconciliation, if
any.

3 12

' Income Tax disputed demands for A.Y. 2017-18 is Rs. 1676980/- and for A.Y. 2015-16 it is Rs. 128150/- as per the Income tax Portal. However ,the
company disagrees with these demands and company has filed rectification against these demands.These appeal are pending before CIT appeals for
dispersal.

During the Period, company has maintained 94.78% shareholding in ‘Kanpur Organics Private Limited' which is engaged in manufacturing of Organic

3.13

¹³ Fertilizers and Crude Wax from Sugarcane Press Mud and The company also holds 51% shares in ‘Sanjeevani Fertilizers and Chemicals Private
Limited' which have started the manufacturing of Refined Wax from Crude Wax at current financial year.

3.14 Live Stock is not insured during the financial year.

3.15 As the Company's business activity primarily falls within a single business and geographical segment, there are no additional disclosures to be
provided in terms of Accounting Standard - 17 Segment Reporting.

25.2 Disclosures required under Section 22 of the Micro, Small and Medium Enterprises Development Act, 2006

The company has not received information from vendors regarding their status under the Micro,Small & Medium enterprises
Development Act,2006 and hence disclosure relating to amounts unpaid as at the year end together with interest paid /
payable under this Act has not been given.

²⁵² In the opinion of the board of directors, the current assets, Loans & Advances if realized in the ordinary course of business
would not be less than the amount at which they are stated in the Balance Sheet and that no contingent liability exists as on
31.03.2025 except those mentioned in these notes onaccount

[Ý

j-

25.3 Adoption of revised Schedule III of the Companies Act, 2013

The Revised Schedule III has significantly impacted the disclosure and presentation made in the financial statements.

Previous year's figures have been regrouped / reclassified wherever necessary to correspond with the current year's
classification/ disclosure.