(g) Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past
event, it is probable that an outflow of resources embodying economic benefits will be required to settle the
obligation and a reliable estimate can be made of the amount of theobligation. If the effect of the time value
of money ismaterial, provisions are discounted using a currentpre-tax rate that reflects, when appropriate, the risks
specific to the liability. When discounting is used, the i ncrease in the provision due to the passage of time i s
recognised as a finance cost.

(h) Contingent Liabilities

Disclosure of contingent liability is made when there i s 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.

(i) Revenue recognition

Revenue is recognized to the extent that it is probable that the economic benefits will flow to the company and the
revenue can be reliably measured. Income is accounted for on accrual basis in accordance with the Accounting
Standards (AS) 9- “Revenue Recognition". Insurance and other claims are recognized in accounts on lodgment to the
extent these are measurable with reasonable certainty of acceptance. Excess/ shortfall is adjusted in the year of
receipt. Interest is recognized on a time proportion basis taking into account the amount outstanding and the applicable
interest rate. During the year the Board has decided to waive off interest for some parties as per mutual understanding.

(j) Impairment of assets

An impairment loss is recognized wherever the carrying amount of fixed assets exceeds the recoverable amount i.e. the
higher of the assets' net selling price and value in use. After impairment, depreciation is provided on the revised carrying
amount of the assets over its remaining useful life. A previously recognized impairment loss is increased or reversed
depending on changes in circumstances. However, the carrying value after reversal is not increased beyond the carrying
value that would have prevailed by charging usual depreciation if there was no impairment.

(k) 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.

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.

(l) Taxes on income

Current tax is the amount of tax payable on the taxable income for the year as determined in accordance with the
provisions of the Income Tax Act, 1961.

Deferred tax is recognised on timing differences, being the differences between the taxable income and the accounting
income that originate in one period and are capable of reversal in one or more subsequent periods. Deferred tax is
measured using the tax rates and the tax laws enacted or substantially enacted as at the reporting date. Deferred tax
liabilities are recognised for all timing differences. Deferred tax assets in respect of unabsorbed depreciation and carry
forward of losses are recognised only if there is virtual certainty that there will be sufficient future taxable income
available to realise such assets. Deferred tax assets are recognised for timing differences of other items only to the
extent that reasonable certainty exists that sufficient future taxable income will be available against which these can be
realised. Deferred tax assets and liabilities are offset if such items relate to taxes on income levied by the same
governing tax laws and the Company has a legally enforceable right for such set off. Deferred tax assets are reviewed at
each Balance Sheet date for their realisability.

Minimum Alternate Tax (MAT) paid in a year is charged to the Statement of Profit and Loss as current tax. The company
recognizes MAT credit available as an asset only to the extent there is convincing evidence that the company will pay
normal income tax during the specified period, i.e., the period for which MAT Credit is allowed to be carried forward. In
the year in which the Company recognizes MAT Credit as an asset in accordance with the Guidance Note on Accounting
for Credit Available in respect of Minimum Alternate Tax under the Income Tax Act, 1961, the said asset is created by
way of credit to the statement of Profit and Loss and shown as "MAT Credit Entitlement." The Company reviews the
"MAT Credit Entitlement" asset at each reporting date and writes down the asset to the extent the company does
not have convincing evidence that it will pay normal tax during the sufficient period.

Regarding MSME Classification

We have relied it is to inform that upon the classification provided to us by the management and have test checked it on
sample basis.

The Company's risk management policies are established to identify and analyse the risks faced by the Company, to set appropriate risk limits and controls and to monitor risks and adherence to limits. Risk
management policies and systems are reviewed regularly to reflect changes in market conditions and the Company's activities. The Company, through its training and management standards and procedures, aims
to maintain a disciplined and constructive control environment in which all employees understand their
roles and obligations.

The Company has exposure to Credit, Liquidity and Market risks arising from financial instruments:

a. Credit Risk

Credit risk is the risk of financial loss to the Company if a customer or counterparty to a financial instrument fails to meet its contractual obligations, and arises principally from the Company's
receivables from customers and investments in debt securities.

Trade and other receivables

The Company's exposure to credit risk is influenced mainly by the individual characteristics of each customer. However, management also considers the factors that may influence the credit risk of its
customer base, including the default risk of the country in which customers operate.

The Management has established a credit policy under which each new customer is analysed individually for Creditworthiness before the Company's standard payment and delivery terms and
conditions are offered. Credit limits are established for each customer and reviewed periodically.

At the end of the reporting period, there are no significant concentrations of credit risk. The carrying amount reflected above represents the maximum exposure to credit risk.

Financial Instruments and Cash deposits

Credit risk is limited as the Company generally invest in deposits with banks. Counterparty credit limits are reviewed by the Company periodically and the limits are set to minimise the concentration of
risks and therefore mitigate financial loss through counterparty's potential failure to make payments.

b. Liquidity Risk

Liquidity risk is the risk that the Company will encounter difficulty in meeting the obligations associated with its financial liabilities that are settled by delivering cash or another financial asset. The
Company's approach to managing liquidity is to ensure, as far as possible, that it will have sufficient liquidity to meet its liabilities when they are due, under both normal and stressed conditions,
without incurring unacceptable losses or risking damage to the Company's reputation. The following are the remaining contractual maturities of financial liabilities at the reporting date. The amounts
are gross and undiscounted, and include estimated interest payments and exclude the impact of netting agreements.

c. Market Risk

Market risk is the risk that changes in market prices such as commodity prices risk, foreign exchange rates and interest rates which will affect the Company's financial position. Market risk is
attributable to all market risk sensitive financial instruments including foreign currency receivables and payables.

The Plantation Industry is dependent on nature, making it susceptible to climate vagaries. The major weather factors that influence coffee yield are rainfall, temperature, light intensity and relative
humidity. To mitigate the risk of drought conditions, the Company has invested significantly on augmentation of irrigation capacities etc. The Company, in addition to regular tracing and chemical
control, has taken rigorous initiatives to curb pest incidence. It is also working closely with various R&D cells and Government agencies for developing effective measures in this regard.

Commodity Price Risk

The Company's exposure to Market risk for commodity prices can result in changes to realisation for its Plantation products and Cost of Production for its value added products. The risk associated is
actively monitored for mitigation actions. The other mitigants includes strict implementation of Board mandated Commodity policy and also the natural hedge arising on export of Plantation produce
vis a vis import of Coffee for value added segment.

Exposure to interest rate risk

The Company's interest rate risk arises from borrowings.

Capital Management

The Company's objective for capital management is to maximize shareholder wealth, safeguard business continuity and support the growth of the Company. The Company determines the capital
management requirement based on annual operating plans and long term and other strategic investment plans. The funding requirements are met through a mixof equity, borrowings and operating
cash flows.

For Kamal Gupta Associates For and on behalf of Board of Directors

Chartered Accountants
FRN : 000752C

Nand Kishore Srivastava Atul Agarwal

(Managing Director) Director

DIN:10621357 DIN: 09279372

CA Neha Agarwal

Partner Suneeta Devi Kushal Maheshwari

Membership No. : 406713 (Chief Financial Officer) (Company Secretary)

Date : 25/05/2024