c. Terms / rights attached to equity Shares

The company has one class of equity shares having a par value of Rs.10 per share. Each shareholder is eligible for one vote per share held. In the event of liquidation, the equity shareholders are eligible to receive the remaining assets of the company after distribution of all preferential amounts, in proportion to their shareholdings.

23. Consolidated and Standalone Financial Statements (Ind AS 27):

The company has one subsidiary company for the current reporting period. Hence, consolidate and standalone financial statements are prepared as per the Ind AS 27.24. Investments in Associates (Ind AS 28):

The company has purchased equity shares worth of Rs. 140.00 lakhs, of M/s. Craftsmart Products Pvt. Ltd., Hyderabad, in the year 2023-24. This accounting standard has no financial impact on the financial statements for the current reporting period.

25. Interest in Joint Ventures (Ind AS 31):

The company has not entered into any Joint ventures with any entity/person during the year 202425. This accounting standard has no financial impact on the financial statements for the current reporting period.

26. Earnings Per Share (Ind AS 33):

a) Basic Earnings Per Share for (continued operations) As there are no discontinued operations during the current reporting period, EPS is presented for continued operations only.

27. Derivative instruments and un-hedged foreign currency exposure:

a) There are no outstanding derivative contracts as at March 31,2025 (Previous Year - Nil).

b) Particulars of Un-hedged foreign currency exposure as at March 31,2025, is Nil (Previous Year - Nil).

28. Segment-wise Reporting:

The Company engaged in Trading of Paper Board and Recycled Waste Paper. As the Company is engaged in the business of only one segment, segment-wise reporting is not applicable.

29. Secured Loans:

The Company doesn't have any secured loans during the current reporting period.

33. Foreign Currency Transactions: Nil.

There are no foreign currency transactions during the current reporting period (Previous Year is Nil)

34. Details of Loans given, Investments made and Guarantee given covered Under Section 186(4) of the Companies Act, 2013.

The company has given Corporate Guarantee to the tune of Rs. 1017.00 lakhs, in respect of loans availed by its subsidiary company, M/s. VSR Paper and Packaging Ltd., Bangalore, from AU Small Finance Bank, S.R. Nagar, Hyderabad, in the year 2023-24. After 31st March, 2025, the Company has increased the liability under Corporate Guarantee from Rs. 1,017.00 lakhs to Rs. 1,650.00 lakhs as the existing loans liability of Rs. 1017.00 lakhs of M/s. VSR Paper and Packaging Ltd., with AU Small Finance Bank and, was taken over by the Axis Bank Ltd. and additional limits were sanctioned to the tune of Rs. 633 lakhs to the said company, amounting to total liability to the tune of Rs. 1650.00 lakhs, by the Axis Bank Ltd. vide its sanction letter no. AXIS-CAM732503250074/BE/SOUTH/2025-26, dated 28th April, 2025.

The information has been given in respect of such vendors to the extent they could be identified as micro and small enterprises on the basis of information available with company.

39. Financial Risk Management

In the course of its business, the company is exposed to certain financial risks such as market risk (Including currency risk and other price risks), credit risk and liquidity risk that could have significant influence on the company's business and operational/financial performance. The Board of directors reviews and approves risk management framework and policies for managing these risks and monitor suitable mitigating actions taken by the management to minimize potential adverse effects and achieve greater predictability to earnings.

40. Credit Risk

Credit risk refers to the risk that counterparty will default on its contractual obligations resulting in financial loss to the company. The company has adopted a policy of only dealing with creditworthy counterparties and obtaining sufficient collateral, where appropriate, a means of mitigating the risk of financial loss from defaults.

41. Liquidity risk

Liquidity risk refers to the risk that the company cannot meet its financial obligations. The objective of liquidity risk management is to maintain sufficient liquidity and ensure that funds are available for use as pre requirements. The Company's exposure to liquidity risk is minimal as the promoters of the company infusing the funds from time to time based on the requirements of the company.

42. Dividend

The Board recommended dividend @ 0.10 paisa per equity share, amounting to Rs. 12.00 lakhs, for the Financial Year 2024-25 (Previous Year Rs. 12.00 lakhs). After approving the same by the Members in the coming AGM, the whole dividend amount will be transferred to separate bank account before paying the same. Regarding the dividends paid for the years 2022-23 and 2023-24, the unclaimed dividend amount lying in the respective bank accounts as at 31st March, 2025, is Rs. 1.75 lakhs which has been disclosed against “ Balances with Scheduled Banks” under the head “ Bank and Cash Balances” in Note No. 5 to the Balance Sheet ( Previous Year Rs. 1.69 lakhs).

45. The Company does not have any benami property and no proceeding has been initiated or pending against the Company for holding any Benami Property under Benami Transactions (Prohibition) act, 1988.

46. The Company has not been declared wilful defaulter by any bank or financial institution or government or any government authority in accordance with the guidelines on wilful defaulters issued by the RBI.

47. The Company does not have any transactions with companies struck off under section 248 of the Companies act, 2013

48. The Company does not have any charges or satisfaction which is yet to be registered with ROC beyond the statutory period.

49. The Company has not advanced or loaned or Invested funds to any other person(s) or entity (ies), including foreign entities (Intermediaries) with the understanding that the Intermediary shall:

a) 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

b) Provide any guarantee, security or the like to or on behalf of the Ultimate Beneficiaries

50. The Company has not received any fund from any person(s) or entity(ies), including foreign entities (Funding Party) with the understanding (whether recorded in writing or otherwise) that the Group shall:

a) 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

b) Provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries.

51. The Company has not any such transaction which is not recorded in the books of accounts that has been surrendered or disclosed as income during the year in the tax assessments under the Income Tax Act, 1961 (such as, search or survey or any other relevant provisions of the Income Tax Act, 1961.

52. The Company is not covered under section 135 of the Companies act, 2013 regarding the disclosure of details of Corporate Social Responsibility.

53. The Company has not traded or invested in Crypto currency or Virtual Currency during the financial year.

54. The previous year's figures have been reworked, regrouped, rearranged and reclassified wherever necessary. Amounts and other disclosures for the preceding year are included as an integral part of the current year financial statements and are to be read in relation to the amounts and other disclosures relating to the current year.

55. Amounts have been rounded off to the nearest thousand.

56. Notes. 2 to 20 form an integral part of Standalone Financial Statements and the same have been authenticated.