Provisions & Contingencies:

The Company creates a provision when there is present obligation as a result of a past event that probably requires an outflow of resources embodying economic
benefits and a reliable estimate can be made of the amount of the obligation. A disclosure for a contingent liability is made when there is a possible obligation or a
present obligation that may, but probably will not, require an outflow of resources. When there is a possible obligation or a present obligation in respect of which the
likelihood of outflow of resources is remote, no provision or disclosure is made.

Government Grants and Subsidies

Government grants and subsidies are recognised when there is reasonable assurance that the Company will comply with the conditions attached to them and the grants
/ subsidy will be received. Government grants whose primary condition is that the Company should purchase, construct or otherwise acquire capital assets are
presented by deducting them from the carrying value of the assets. The grant is recognised as income over the life of a depreciable asset by way of a reduced
depreciation charge.

When the grant or subsidy relates to an expense item, it is recognized as income over the periods necessary to match them on a systematic basis to the costs, which it is
intended to compensate.

Related Party Transactions

Related parties as defined under Accounting Standard - 18 ‘Related Party Disclosures’ have been identified based on representations made by management and
information available with the Company. All transactions with related parties are in the ordinary course of business and on arms' length basis.

Leases

The company has taken Office & factory on lease and classified as an Operating lease and lease rentals are recognized in profit of loss account as per lease terms.

Cash and Cash Equivalents

Cash and cash equivalents comprise cash and cash on deposit with banks. The Company considers all highly liquid investments with a remaining maturity at the date
of purchase of three months or less and that are readily convertible to known amounts of cash to be cash equivalents.

Earnings Per Share

Basic earnings per share is computed by dividing the net profit after tax by the weighted average number of equity shares outstanding during the period. Diluted
earnings per share is computed by dividing the profit after tax by the weighted average number of equity shares considered for deriving basic earnings per share and
also the weighted average number of equity shares that could have been issued upon conversion of all dilutive potential equity shares.

The diluted potential equity shares are adjusted for the proceeds receivable had the shares been actually issued at fair value which is the average market value of the
outstanding shares. Dilutive potential equity shares are deemed converted as of the beginning of the period, unless issued at a later date. Dilutive potential equity
shares are determined independently for each period presented.

Segment Reporting

As per As -17 Segment Reporting is not applicable to the company for the reporting period.

Employee Benefits:

Defined-contribution plans:

All short-term employee benefits are accounted on undiscounted basis during the accounting period based on services rendered by employees.

The Company's contribution to Provident Fund is determined based on a fixed percentage of the eligible employees' salary and charged to the Statement of Profit and
Loss on accrual basis.

The Company has made provision for payment of Gratuity to its employees. This Provision is made as per the method prescribed under the Payment of Gratuity Act.
The cost of providing gratuity under this plan is determined on the basis of actuarial valuation at year/period end. The Company has adopted the Accounting Standard
15 (revised 2005) on Employee Benefits during the financials period.

Inventories:

The inventories are valued at cost or net realizable value, whichever is lower and the cost is arrived as follows:

i) Raw-materials cost is at landing cost inclusive of all attributable expenses and is computed on Weighted Average Cost Basis.

ii) Work-in progress and finished goods cost include material cost, cost of conversion and other costs incurred in bringing the inventories to their present location
and condition.

Borrowing Costs:

According to AS-16 Borrowing costs, issued by the Institute of Chartered Accountants of India, borrowing costs that are directly attributable to the acquisition of
qualifying assets are capitalized for the period until the asset is ready for its intended use.

A qualifying asset being, an asset that necessarily takes a substantial period of time to get ready for its intended use.

Other borrowing costs are recognized as an expense in the period in which they are incurred.

Events occurring after Balance Sheet Date:

Events that occur between balance sheet date and date on which these are approved, might suggest the requirement for an adjustment(s) to the assets and the liabilities
as at balance sheet date or might need disclosure. Adjustments are required to assets and liabilities for events which occur after balance sheet date which offer added
information substantially affecting the determination of the amounts which relates to the conditions that existed at balance sheet date.

Extraordinary items, Exceptional items, Prior period items & changes in accounting policies

Income or expenses that arise from events or transactions that are clearly distinct from the ordinary activities of the Company are classified as extraordinary items.
Specific disclosure of such events/transactions is made in the financial statements.

Similarly, any external event beyond the control of the Company, significantly impacting income or expense, is also treated as extraordinary item and disclosed as
such.

On certain occasions, the size, type or incidence of an item of income or expense, pertaining to the ordinary activities of the Company, is such that its disclosure
improves an understanding of the performance of the Company. Such income or expense is classified as an exceptional item and accordingly disclosed in the notes to
accounts.

There are such items noted which are Extra Ordinary in nature and at the same time which materially affect the financial statement being certified here such as loss by
fire.

Foreign Exchange Transactions/Translation

Foreign currency transactions and balances:

(i) Initial Recognition

Foreign currency transactions are recorded in the reporting currency, by applying to the foreign currency amount the exchange rate between the reporting currency and
the foreign currency at the date of the transaction.

(ii) Conversion:

Foreign Currency monetary items are retranslated using the exchange rate prevailing at the reporting date.

(iii) Exchange Differences:

Exchange differences arising on long-term foreign currency monetary items related to acquisition of a fixed asset are capitalized and depreciated over the remaining
useful life of the asset. The exchange differences on other foreign currency monetary items are accumulated in ‘Foreign Currency Monetary Item Translation
Difference Account’ and amortized over the remaining life of the concerned monetary item.

All other exchange differences are recognized as income or as expenses in the period in which they arise.

Cash Flow Statement:

Cash flows are reported using the indirect method, whereby net profit before tax is adjusted for the effects of transactions of a non-cash nature, any deferrals or
accruals of past or future, operating cash receipts or payments and item of income or expenses associated with investing and financing cash flows. The cash flows
from Operating, Investing and Financing activities of the Company are segregated.

Note 1

Secuirty Charged

1. Equitable / Registered Mortgaged Property situated at

(i) 12/1, 12/2, & 22, (Part),Chitalsar Manpada, Dhokali Naka,Kolshet Road,Mumbai,Maharashtra,400607

(ii) Shop No. 4, 5, & 6, Ground Floor,Shiv Smriti Chamber, Opp. Charity Commissioner Office,Dr.Annie Basent Road, Worli,,Mumbai,Maharashtra,400018

(iii) Plot No. C-13,Shendra Five Star Industrial Area,Aurangabad,Aurangabad,Maharashtra,431007

(iv) Plot No. FP17, Shendra Five Star,Shendra MIDC, Chhatrapati Sambhaji,Nagar (Aurangabad),Aurangabad ,Maharashtra,431001

(v) Ecstasy Business Park, Office no. 502 5th floor JSD Road Mulund (W) Mumbai-400080

Note 2

Primary Security

1)First Charge by way of Hypothecation in favour of SIDBI of all the borrower's movables,including the movables,plant,machinery,machinery spares,tools & accessories,office
equipment,computers,furniture and fixturs,MFA,etc. acquired/to be acquired under the project scheme

Colletral Security

1) Borrower shall create Fixed Deposit Receipt of Rs 61.75 Lakhs with SIDBI and maturity period shall not be less than 3 years

Personal Guarantee of

1) Hanskumar Shah

2) Hemant Shah

3) Kaushik Shah

Note 3

Company have sanctioned loan from Bank of Baroda for1724.00 Lakhs ,Till 31-03-2025 ,amount disbursed by Bank is 1358.34 Lakhs.

Primary Security

1) First Pari passu charge of Hypothecation of stock and book debt of company,Both present and Future,with Yes Bank and Standard Chartered Bank

2) First and exclusive charge of EM of Industrial Land and Building Constructed on Plot no C- 13,in factory zone of Shendra Five Star Industrial area situated at village Shendraban,Aurangabad

3) First and Exclusive Charge of Hypothecation of Plant and Machinery,both present and future,excluding the machinery charged to other banks.4

Colletral Security

1) First and exclusive charge of EM of Commercial Office at Office no. 503,5th Floor,Ecstasy Business Park,City of Joy,JSD Road,Mulund West,Mumbai-40080

2) First and exclusive charge of EM of Commercial Office at Office no. 504,5th Floor,Ecstasy Business Park,City of Joy,JSD Road,Mulund West,Mumbai-40080

3) First and exclusive charge of EM of Commercial Office at Shop no. 4,Ground Floor,Ecstasy Business Park,City of Joy,JSD Road,Mulund West,Mumbai-40080

4) First and exclusive charge of EM of Commercial Office at Shop no. 5,Ground Floor,Ecstasy Business Park,City of Joy,JSD Road,Mulund West,Mumbai-40080

Personal Guarantee of

1) Hanskumar Shah

2) Hemant Shah

3) Kaushik Shah

Note 4

Primary Security

1) First and exclusive charge of EM of Commercial Office at Office no. 503,5th Floor,Ecstasy Business Park,City of Joy,JSD Road,Mulund West,Mumbai-40080

2) First and exclusive charge of EM of Commercial Office at Office no. 504,5th Floor,Ecstasy Business Park,City of Joy,JSD Road,Mulund West,Mumbai-40080

3) First and exclusive charge of EM of Commercial Office at Shop no. 4,Ground Floor,Ecstasy Business Park,City of Joy,JSD Road,Mulund West,Mumbai-40080

4) First and exclusive charge of EM of Commercial Office at Shop no. 5,Ground Floor,Ecstasy Business Park,City of Joy,JSD Road,Mulund West,Mumbai-40080

Personal Guarantee of

1) Hanskumar Shah

2) Hemant Shah

3) Kaushik Shah

Details of Benami Property held

The Company do not have any Benami property, where any proceeding has been initiated or pending against the Company for holding any Benami property.

Details of Loans and advances

The company has granted loans and advances to promoters, directors, key managerial personnel (KMPs) and the related parties which are repayable on demand or without specifying any terms or period of
repayment. Details of which are as follows:

Wilful Defaulter

The company has not been declared as a wilful Defaulter by any Financial Institution or bank as at the date of Balance Sheet.

Relationship with Struck off Companies

The Company do not have any transactions with companies struck off.

Registration of charges or satisfaction with Registrar of Companies (ROC)

The company has no pending charges or satisfaction which are yet to be registered with the ROC beyond the Statutory period.

Compliance with number of layers of companies

The company has complied with the provision of the number of layers prescribed under clause (87) of section 2 of the Act read with the Companies (Restriction on number of Layers) Rules, 2017.
Compliance with approved Scheme(s) of Arrangements

There are no Schemes of Arrangements has been approved by the Competent Authority in terms of sections 230 to 237 of the Companies Act, 2013.

Discrepancy in utilization of borrowings

The company has used the borrowings from banks and financial institutions for the specific purpose for which it was taken at the balance sheet date. There are no discrepancy in utilisation of borrowings.

Utilisation of Borrowed funds and share premium:

(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).

(B) the company has not received any fund from any person(s) or entity(ies), including foreign entities (Funding Party).

The company have 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;

The Company have 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 Company
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.

Undisclosed income

The Company has no transaction that 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).

Details of Crypto Currency or Virtual Currency

The company has not traded or invested in Crypto currency or Virtual Currency.

Company does not have any intangible assets under development for the FY 24-25.

Balance of trade receivables, trade payables, borrowings, and Loans and Advances and Depsoits are subject to confirmation.

There are no direct personal expenses debited to the profit and loss account. However, personal expenditure if included in expenses like telephone, vehicle expenses, etc are not identifiable or separable.
During the financial years ended 2024-25, company has no extra ordinary items to be disclosed in accordance with the requirements of AS - 5.

See accompanying notes to the financial statement as under

Significant Accounting Policies 1

Notes to the Financial Statements 2-35

As per our report on even date For and behalf of Board of Directors

For A D V & Associates Hemant Surgical Industries Limited

Chartered Accountants
FRN:128045W

Hanskumar Shamji Shah Kaushik Shah
Managing Director CFO & WTD

DIN:00215972 DIN:01483743

Pratik Kabra
Partner
M. No.:611401

UDIN:25611401BMHWPH3856 Meenal Ajmera Hemant Praful Shah

Date:28th May, 2025 Company Secretary WTD

Place:Mumbai_M.No:F10965_DIN:00215994