2.12 Provision and contingent liabilities

The Company creates a provision when there is a present obligation as a result of a past event that probably requires an outflow of
resources and a reliable estimate can be made of the amount of obligation. A disclosure for a contingent liability is made when
there is a possible obligation or a present obligation that may or may 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.

Note 31: Other Information

(i| The Company doe? not have any 8enam. property, where any proceeding has been initiated or pending against the Company for holding any Benami property
(li) The Company does not have any charges or satisfaction which is yet to be registered witt the Registrar of Companies beyond the statutory period during the year
(iii) The Company has not traded or invested in Crypto currency or Virtual Currency during the financial year

|ivj The Company has not advanced or loaned or invested funds to any other petton(s) or entity(lcs), including foreign entities (intermediaries) with the understanding (whethei
recorded in writing or otherwise) that the Intermediary shall

(a) dlrcctfy or indirectly lend or invest in other persons or entitles identified in any manner whatsoever by or on
behaff of the company (Ultimate Beneficiaries); 01

(b) provide any guarantee, security or the like to or on behalf of the Ultimate Bemmcia-ies

(v) The Company has not received any fund from any person(s) or enllty(ies), including foreign entities (Funding Party) with the understanding (whether recorded :n writing or
otherwise) that the Company shall

(a) directly or indirectly lend or invest in other persons or entities idemir.ed m any manner whatsoever try or on behalf of the»und.ng Party (Ultimate Beneficur.es); or

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

(vi) The Company does not have any such transaction which is not recorded in the books of accounts that nas been surrendered or disclosed a? income during ihe year «n the tax
assessments under the Income-tax Act. 1961

Ivii) There n no immovable property (other than properties where the Company is the lessee and Use lease agreements arc duty executed In favour of the lessee} whose tide deeds are
not held In the name of the Company

(viil) The Company has not revalued its property, plant and equipment in current year and previous year

(ix) There are no loans or advances m the nature of loans that are granted to promoters, directors, cey managerial personnel IKMPs) and the related pait.es either severally or jointly
with any other person, that are a) Repayable on demand or b> Without specifying any terms or persod of repayment

However the company has provided Security to M/s Pharlnd Pharmaceutical Private Limited against 0/0 facRily obtained by M/s Phorind Pharmaceuticals Private limited to meet ts
working capital requirements.

Ix) The Company has borrowings from banks or financial institutions on the basis of security of current assets and the same are dneiosed in Mote S. Note 9 and Note 32 to financials
Statement

(xl) The Company is not a declared wilful defaulter by any bank or financial Institution or other lender

(xk) The Company has not entered into any transaction? neither it has any relationship with struck off Companies

(xoi) The Company has compiled with the number of layers prescribed under clause (8/) of section 2 of the Act read with Compan-e? (Restriction of number of layer?) Rules. 201/

(xiv) The Company Itas fully spent the required amount towards Corporate Social ResponsibtHy (C5R) and there are no unspent CSR amount <or the year requiring a transfer to a fund
specified in Schedule VII to the Companies Act or special account in compliance with the provision of sub-section (61 of section 13S of the said Act

Note 33: Other Notes

t. The Difference in Inventory as on 31.03.2024 of RS .40,65,000/ is due to variance in rates of Inventory.

2. The variation in receivable of Rs. 92,792,.67 in June 23 & Rs. 3,73,842.47 in Sept 23 is due to exchange fluctuation whereas the
difference of Rs. 3,32,51,950.96 in Dec 23 & cumulative Diff of Rs. 5,52,33,389/- is due to additiona of installation / consutancy service
Invoice after submission of stock statement

Current Ratio (In Times): Increase in the Current Assets leads to the Current ratios Improved from 1.21 times to 1.82 times.

Net Capital! urnover Ratio (In Times): Increase in the Short term borrowings and Increase in trade receivables leads to Net Capital
turnover ratios decreased from 7.86 times to 4.40 times.

Net Profit ratio (in %): Increase in the Net profit from 523.59 lakhs to 853.59 lakhs leads to Net Profit ratios Improved from 5.46%
to 8.03%

Return on investment, (in %): Redemption of Fixed Deposit during the year, on account of that return on investment ratios
Decreased.

Note 35: Previous year Figures

Previous year’s figures have been regrouped wherever necessary to confirm to current year's classification.