The Company’s principal financial liabilities, other than derivatives, comprises of loans, trade payables and other financial liabilities. The main purpose of
The main risks arising from the Company’s financial instruments are liquidity risk and credit risk.

The Board of Directors review and agree policies for managing each of these risks which are summarised below.

Credit risk

Credit risk arises from the possibility that the counter party may not be able to settle their obligations. To manage trade receivable, the Company
Financial instruments that are subject to such risk, principally consist of trade receivables & loans and advances . None of the financial instruments of the

Note 32 :- Liabilities Relating to Employee Benefits

(i) Defined Contribution Plan

An amount of Rs.0.98 (Rs in Lakhs) in FY 2024-25 (as per note no -22) have been recognised as an expense in respect of the Company’s contribution to Employees'
State Insurance Corporation (ESIC) and Gratuity funds deposited with the relevant authorities and has been charged to the Statement of Profit and Loss.

(ii) Defined Benefit Plan- Gratuity

For details about the related employee benefits expense, refer to note 22.

The following table shows a reconciliation from the opening balances to the closing balances for the net defined benefit (asset) liability and its components. (As
per Report of TransValue Consultants)

Note 34 Additional Disclosure

(i) The Company does not own or has its name any benami Property ,No proceeding has been initiated or pending against the company for holding any benami property
under the Benami Transactions (Prohibition) Act, 1988 (45 of 1988) and rules made thereunder.

(ii) The Company has not entered into any transactions with companies struck off under section 248 of the Companies Act, 2013 or section 560 of Companies Act, 1956.

(iii) There are no transaction which involved undisclosed income during the year in the tax assessments under the Income Tax Act, 1961.

(iv) There is no transactions with struck off the company.

(v) There are no funds which have been advanced or loaned or invested (either from borrowed funds or share premium or any other sources or kind of funds) by the
Company to or in any other persons or entities, including foreign entities (“Intermediaries”), with the understanding, whether recorded in writing or otherwise,

a) directly or indirectly lend or invest in other persons or entities identified in any manner whatsoever (“Ultimate Beneficiaries”) by or on behalf of the Company,or

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

(vi) There are no funds which have been received by the Company from any persons or entities, including foreign entities (“Funding Parties”), 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 (“Ultimate Beneficiaries”) by or on behalf of the Funding Party or

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

(vii) The Company (as per the provisions of the Core Investment Companies (Reserve Bank) Directions, 2016) has no CICs as part of the Company.

(viii) No loans or advances in the nature of loans are granted to promoters, Directors, KMPs and the related parties (as defined under Companies Act, 2013,) either severally
or jointly with any other person, (a) that repayable on demand or (b) without specifying any terms or period of repayment.

(ix) The Company have not traded or invested in Crypto currency or Virtual Currency during the financial year.

(x) The Company has complied with the number of layers prescribed under Companies Act, 2013..

(xi) Corporate social Responsibility (CSR) U/s 135 of Company act is not applicable on the compnay

Note 34 Other Notes

(i) 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 Ind
AS 108 on ‘Operating Segment', prescribed under section 133 of Companies Act, 2013 read with relevant Rules there under.

(ii) The Balances of Loan and Advances given or Taken, Trade Payables and trade receivables are subject to confirmation, reconciliation and consequential adjustment, if
any.

(iii) The company has not received any intimation from its vendors regarding the status under the micro, small and medium enterprises development act 2006 and hence
disclosures required under the same act have not been made.

(iv) The Parliament of India has approved the Code of Social Security, 2020 (the Code) which may impact the contributions by the group towards provident fund, gratuity
and ESIC. The Code has been published in the Gazette of India however, the effective date has not yet been notified. The Company will assess the impact of the Code when
it comes into effect and will record any related impact in the period the Code becomes effective, if any.

(v) The Company has been incorporated to engage in the business of trading of textile & school uniform business. Based on the information reported to the chief operating
decision maker (CODM) for the purpose of resource allocation and assessment of performance, there are no reportable segments in accordance with the requirements of
Indian Accounting Standard 108-'Operating Segment Reporting', notified under the Companies (Indian Accounting Standards) Rules, 2015.

(vi) Previous year figures have been reworked, regrouped, rearranged and reclassified where necessary for the purpose of comparison. However the previous year financials
are also true and fair and free from material misstatements. Accordingly, amounts and other disclosures for 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.

(vii) Figures rounded off to the nearest rupees in thousands.

As per our report of even date

FOR NGMKS & ASSOCIATES For and on behalf of the Board of Directors of

ICAI Firm Registration No. :-024492N New Light Apparels Limited

Chartered Accountants

Nitin Goyal Navneet Kumar Suraj Parkash Goel Sandeep Makkad

Partner Company Secretary Director Managing Director & CFO

M. No. : 517698 M.No.:- A76321 DIN-10700506 DIN:-01112423

Place : New Delhi Place :- New Delhi Place : New Delhi Place : New Delhi

Date : 30.05.2024 Date :- 30.05.2025 Date : 30.05.2025 Date : 30.05.2025