1.6.11 Provisions

A provision is recognized when the company has a present obligation as a result of past event i.e.,
it is probable that an outflow of resources embodying economic benefits will be required to settle
the obligation in respect of which a reliable estimate of the amount of the obligation can be
made.

Provisions are not discounted to their present value and are determined based on best estimate
required to settle the obligation at the balance sheet date. These are reviewed at each reporting
date and adjusted to reflect the current best estimates. If it is no longer probable that an outflow
of resources would be required to settle the obligation, the provision is reversed.

1.6.12 Contingent Liabilities

Disclosure of contingent liability is made when there is a possible obligation arising from past
events, the existence of which will be confirmed only by the occurrence or non-occurrence of one
or more uncertain future events not wholly within the control of the Company or a present
obligation that arises from past events where it is either not probable that an outflow of
resources embodying economic benefits will be required to settle or a reliable estimate of
amount cannot be made.

1.6.13 Employee Benefits:

i. Short term employee benefits:

The undiscounted amount of short-term employee benefits expected to be paid in exchange for
the services rendered by employees are recognised as an expense during the period when the
employees render the services.

ii. Post-employment benefit:

a. Defined contribution plans

The company deposits the contributions for provident fund and Employee State Insurance to the
appropriate government authorities and these contributions are recognized in the statement of
Profit & Loss in the financial year to which they relate.

b. Defined benefit plans

The company pays gratuity to the employees who have completed five years of service at the
time of resignation/superannuation. The gratuity is paid @ 15 days salary for every completed
year of service as per the Code on Social Security 2020.

The liability in respect of gratuity and other post- employment benefits is calculated using the
Projected Unit Credit Method and spread over the period during which the benefit is expected to
be derived from employees' services.

1.6.14 Earnings Per Share

i. Basic Earnings Per Share:

Basic Earnings per share is calculated by dividing the Profit attributable to Owners of the
Company by the weighted average number of equity shares outstanding during the financial year.

ii. Diluted Earnings Per Share:

Diluted Earnings per Share adjusts the figures ised in determination of basic earnings per share
to take into account:

- the after income tax effect of interest and other financing costs associated with dilutive
potential equity shares, and

- the weighted average number of additional equity shares that would have been outstanding
assuming conversion of all dilutive potential equity shares.

1.6.15 Rounding of amounts

All amounts disclosed in the financial statements and notes have been rounded off to the nearest
lakhs as per the requirement of Schedule III, unless otherwise stated.

Note: During the year, the Company issued 98,58,600 bonus equity shares in the ratio of 2:1 on 18
November 2025 by capitalisation of reserves.

In accordance with Accounting Standard (AS) 20 - Earnings Per Share, the issue of bonus shares has
been treated as if it had occurred at the beginning of the earliest period presented. Accordingly, the
weighted average number of equity shares outstanding used for computing the basic and diluted
earnings per share for the current year as well as the comparative previous year has been retrospectively
adjusted for the bonus issue. Consequently, the basic and diluted earnings per share for all periods
presented have been restated. i

26 Leases:

As a Lesse

Operating lease commitments:

The company has taken godowns on lease under cancellable operating leases. These lease
agreements are normally renewed on expiry. There are no restrictions placed upon the
company by entering into these leases and there are no subleases. The annual increments are
expected to be in line with the expected general inflation to compensate for the lessor for the
expected inflationary cost increase.

Note; 2: During the previous FY 24-25, the Company sold its entire investment in Green Asia
Cold Storages Private Limited to the Promoters. The consideration of Rs.135.75 Lakhs has been
adjusted against the unsecured loan payable to the Promoters. Accordingly, the investment
has been derecognized from the books of accounts, and the corresponding unsecured loan
liability has been reduced.

28. Disclosure required under section 22 of Micro, Smail and Medium Enterprises
Development Act, 2006

Dues to micro and small enterprises:

With the promulgation of the Micro, Small and Medium Enterprises Development Act, 2006,
the Company is required to identify Micro, Small and Medium Suppliers and pay them interest
on overdue beyond the specified period irrespective of the terms with the suppliers. The
Company has circulated letter to all suppliers seeking their status. Response from few suppliers
has been received. In view of this, the liability of interest calculated, and the required
disclosures made, in the below table, to the extent of information available with the Company.

The Company has an outstanding disputed Income Tax demand of ^788.69 lakhs for the
Assessment Year 22-23 arising out of additions made under Section 68 and Section 41(1)
of the Income Tax Act, 1961. The Company has contested the assessment and filed an
appeal before the CIT(Appeals).

Pursuant to the stay order issued by the Income Tax Department, the Company was
required to pre-deposit 10% of the disputed demand (amounting to ^78.87 lakhs) in 10
monthly instalments. As on 31st March 2026, the Company deposited 7 installments
aggregating to amount of ^ 54.25 lakhs (PY: ^ 29.62) towards the pre-deposit.

The balance remaining towards the 10% pre-deposit comprising 3 remaining installments
equals to ^24.62 lakhs. The Company submitted a representation requesting an extension
of time up to 31st December 2026 to clear the balance pre-deposit installments due to
operational cash flow constraints caused by export market conditions.

Based on legal and tax expert evaluations, the management believes that the Company
has a strong case on merits and that the probability of an ultimate outflow of economic
resources is remote/not probable. Consequently, no provision has been made in the

financial statements, and the net disputed amount of =t734.45 Lakhs (Total Demand of
^788.69 less amount deposited of ^ 54.25 Lakhs) disclosed as a Contingent Liability.

31. Other statutory information:

I Title deeds of all immovable properties are held in the name of the company.

!L The company has not revalued its property, plant and equipment and intangible assets

III. NoTo^nsTadvances in nature of loans are granted to promoters, directors, KMPs or
related parties that are repayable on demand or without specifying any terms or perioc o

IV. In respect of loans borrowed from banks or the financials institutions on the basis o
security of current assets, the quarterly returns or statements of currents assets filed y
the company with the banks or financial institutions are in agreement with the books of

V No proceedings have been initiated or pending against the company for holding any
benami properties under the Benami Transactions (Prohibition) Act, 1988 (45 of 1988) and

the rules made thereunder. , ..

VI. The company has not been declared a wilful defaulter as defined by any bank or financial
Institution or other lender.

VII. The company had no transactions with companies struck off under section 248 oi the

Companies Act, 2013 or section 560 of Companies Act, 1956.

VHi. There are no charges or satisfaction which are yet to be registered with ROC beyond t e

statutory period. , _c .

IX. The company has complied with the number of layers prescribed under Clause 87 of Sec.2

of the Act read with the Companies (Restriction on number of layers) Rules 2017.

X. A). The company has not advanced or loaned or invested funds (either borrowed funds or
share premium or any other sources 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.

B) The company has not received any fund from any person(s) or entity (les), 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. , , , ,

XL There were no transactions which were not recorded as income in the books of account
but surrendered or disclosed as income during the year in the tax assessments under the

Income Tax Act, 1961. ..

Xu, The company has not traded or invested in crypto currency or virtual currency during t e

financial year. „ . . . . .

XIII. Latest valuation reports have been considered for valuation of unquoted Investments in

XIII. Latest valuation reports have been considered for valuation of unquoted Investments in
equity shares.

XIV The company is in the process of transferring the unspent amount of Rs.2.78 lakhs relating
to Corporate Social Responsibility activities (other than ongoing projects) to a Fund
specified in Schedule VII to the Companies Act, 2013 on or before September 30, 2026, in
compliance with the second proviso to sub-section (5) of Section 135 of the Act.

32. The financial statements were approved for issue by the Board of Directors on July 31, 2026.

33. Previous year figures have been regrouped/ reclassified, wherever necessary, to confirm to

current year's classification.