Bombay Super Hybrid Seeds Ltd. के अकाउंट के लिये नोट

Mar 31, 2025

.

Contingent Liabilities: Contingent liabilities are disclosed when there is 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 will be required to settle or a reliable estimate of
the amount cannot be made,

Q CASH AND CASH EQUIVALENTS

In the Cash Flow Statement, cash and cash equivalents includes cash on hand, demand and short term deposits
with banks, other short-term highly liquid investments with original maturities of three months or less.

R FINANCIAL ASSETS AT AMORTISED COST

Financial assets are subsequently measured at amortised cost if these financial assets are held within a business
whose objective is to hold these assets in order to collect contractual cash flows and contractual terms of the
financial asset give rise on specified dates to cash flows that are solely payments of principal and interest on the
principal amount outstanding.

S FINANCIAL ASSETS AT FAIR VALUE THROUGH OTHER COMPREHENSIVE INCOME

Financial assets are measured at fair value through other comprehensive income if these financial assets are held
within a business whose objective is achieved by both collecting contractual cash flows and selling financial assets
and a contractual terms of the financial assets give rise on the specified dates to cash flows that are solely payment
of the principal and interest on the principal amount outstanding.

T FINANCIAL ASSETS AT FAIR VALUE THROUGH PROFIT OR LOSS

Financial assets are measured at fair value through profit or loss unless it is measured at amortised cost or at fair
value through other comprehensive income on initial recognition. The transaction costs directly attributable to the
acquisition of assets and liabilities at fair value through profit and loss are immediately recognised in the statement
of profit and loss.

U FINANCIAL LIABILITIES

Financial liabilities are measured at amortised cost using the effective interest method, if tenure repayment of such
liability exceeds one year,

V EQUITY INSTRUMENTS

An equity instrument is a contract that evidences residual interest in the assets of the company after deducting all
of Its liabilities. The Company recognises equity instruments at proceeds received net off direct issue cost.

W RECLASSIFICATION OF FINANCIAL ASSETS

The Company determines classification of the financial assets and liabilities on initial recognitions. After initial
recognition, no reclassification is made for financial assets which are equity instruments and financial liabilities.

For financial assets which are debt instruments, a reclassification is made only if there is a change In the business
model for managing those assets. Changes to the business model are expected fo be infrequent The Company’s
senior management determines change in the business model as a result of external or internal changes which are
significant to the company’s operations. Such changes are evident to external parties. A change in the business
model occurs when a company either begins or ceases to perform an activity that is significant to its operations If
the Company reclassifies financial assets, it applies the reclassification prospectively from the reclassification date
which is the first day of the immediately next reporting period following the change in business model. The

Company does not restate any previously recognized gains, losses (including Impairment gains and losses) or
interest.

X OFFSETTING OF FINANCIAL INSTRUMENTS

Financial assets and liabilities are offset and the net amount is reported in the Balance Sheet if there is currently
enforceable legal right to offset the recognized amounts and there is an intention to settle on a net basis to realize
the assets and settle the liabilities simultaneously.

Y LEASES:

As a Lessee

The Company ''s lease asset classes primarily consist of leases for land and buildings. The Company assesses
whether a contract contains a lease, at inception of a contract A contract is, or contains, a lease if the contract
conveys the right to control the use of an identified asset tor a period of time in exchange for consideration.

Whether^{S wheiher} 3 *^nntrae!t **''» ""*"*> **“---•>'' ™ «,v Sgin_m uaocaaco

• the contract involves the use of an identified asset

• the Company has substantially all of the economic benefits from use of the asset through the period of the lease

and ¹

• the Company has the right to direct the use of the asset

At the date of commencement of the lease, the Company recognizes a right-of-use asset (“ROU") and >_—.

corresponding lease liability for all lease arrangements in which it is a lessee, except for leases with a tertfCSf ^jS
twelve months or less (short-term leases) and low value leases. For these short-term and low value leas^fc the, CP*
Company recognizes the lease payments as an operating expense on a straight-line basis over the terr«Lw5lSjl*^F«f
lease. j -^r7

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The right-of-use assets are initially recognized at cost, which comprises the initial amount of the lease liability
adjusted for any lease payments made at or prior to the commencement date of the lease plus any initial direct
costs less any lease incentives. They are subsequently measured at cost less accumulated depreciation and
impairment losses. Certain lease arrangements include the options to extend or terminate the lease before the end
of the lease term. ROU assets and lease liabilities includes these options when it is reasonably certain that they will
be exercised.

Right-of-use assets are depreciated from the commencement date on a straight-line basis over the shorter of the
lease term and useful life of the underlying asset. Right of use assets are evaluated for recoverability whenever
events or changes in circumstances indicate that their carrying amounts may not be recoverable. For the purpose
of impairment testing, the recoverable amount (i.e. the higher of the fair value less cost to sell and the value-in-use)
is determined on an individual asset basis unless the asset does not generate cash flows that are largely
independent of those from other assets. In such cases, the recoverable amount is determined for the Cash
Generating Unit (CGU) to which the asset belongs

The lease liability is initially measured at amortized cost at the present value of the future lease payments. The
lease payments are discounted using the interest rate implicit in the lease or, if not readily determinable, using the
incremental borrowing rates in the country of domicile of these leases. Lease liabilities are remeasured with a
corresponding adjustment to the related right of use asset if the Company changes its assessment if whether it will
exercise an extension or a termination option.

Lease liability and ROU asset have been separately presented in the Balance Sheet and lease payments have been
classified as financing cashflows.

Short term leases

The Company applies the short-term lease recognition exemption to its short-term leases (I.e., those leases that
have a lease term of 12 months or less from the commencement date and do not contain a purchase option), It also
applies the lease of low-value assets recognition exemption to leases that are considered to be low value. Lease
payments on short-term leases and leases of low-value assets are recognised as expense on a straight-line basis
over the lease term.

As a Lessor

Lease income from operating leases where the Company is a lessor is recognised In income on a straight-line basis
over the lease term unless the receipts are structured to increase In line with expected general inflation to
compensate for the expected inflationary cost increases. The respective leased assets are included in the balance
sheet based on their nature.

Z FUNCTIONAL AND PRESENTATION CURRENCY
Indian Rupees is the functional and presentation currency

16.1 (a) Cash Credit and Working Capital Demand Loan (WCDL) facilities are secured by way of hypothecation
of current assets (present and future) and all movable fixed assets (present and future) of the company.

(b) Further secured by registered mortgage of company''s immovable properties situated at Plot No 8, 9, 10 and
11, Shrinathji Industrial Estate, Village Kuchiyadad, Tq & Dist. Rajkot

(c) Secured by residential Flat at Tulip 503, Wing D, Garden City, Rajkot owned by one of the directors.

(d) Secured by Plot No 7, BS Zone, 12, Sokhda, Rajkot owned by a relative of directors.

(e) Secured by Shop No 7-A, BS Hight 2, Rajkot owned by one of the directors.

(f) Secured by commercial godown at RS No 97, paiky, plot no 20, Sokhda bypass, Village Sokhda Dist Rajkot
owned by a relative of Director.

(g) Secured by commercial land RS 88/3/P1 & P2, P/4, P1, Bombay Super Commercial Zone 12, Plot No 4 & 5, at
Sokhda Dist Rajkot owned by a Director.

(h) Secured by RS 132/1, 132/2,132/3,BS Zone-10, at Anadpar, Rajkot.

(i) The Borrowings are guaranteed by the 4 Promoter Directors of the company and 1 relative of director,

(j) The rate of interest for Cash Credit and WCDL is ranging 8.90% to 9.00% p.a..

¹⁶² Secured by pledge of stocks and personally guaranteed by the 4 Promoter Directors of the company Rate
of interest Repo 2.60%

16.3 The Company has availed Cash Credit and Pledged against stock loan from the bank and the same is used
for the purposes they have been raised.

30 Fair Value Measurement

The management assessed that the fair values of short term financial assets and liabilities significantly approximate their carrying
amounts largely due to the short term maturities of these instruments. The fair value of financial assets and liabilities is included at
the amount at which the Instrument could be exchanged in a current transaction among willing parties, other than in a forced or
liquidation sale.

The Company determines fair values of financial assets and financial liabilities by discounting contractual cash inflows/ outflows
using prevailing interest rates of financial instruments with similar terms. The fair value of investment is determined using quoted
net assets value from the fund. Further, the subsequent measurement of all finance assets and liabilities (other than investment in
mutual f unds) is at a m ortized cost, using the effective interest method.

Discount rates used In determining fair value

The interest rate used to discount estimated future cash flows, where applicable, are based on the incremental borrowing rate of
the borrower which in case of financial liabilities is the weighted average cost of borrowing of the Company and in case of financial
assets is the average market rate of similar credits rated instrument.

The Company maintains policies and procedures to value financial assets or financial liabilities using the best and most relevant
data available. In addition, the Company internally reviews valuation, including independent price validation for certain instruments.

Fair value hierarchy

All financial instruments for which fair value is recognized or disclosed are categorized within the fair value hierarchy described as
follows, based on the lowest level input that is significant to the fair value measurement as a whole.

Level -1

Quoted (unadjusted) price is active market for identical assets or liabilities
Level 2:

Valuation technique for which the lowest level input that has a significant effect on the fair value measurement are observed, either
directly or indirectly.

Level 3

Valuation technique for which the lowest level input has a significant effect on the fair value measurement is not based on
observation market data.

31 Financial Instruments and Risk Review

i) Capital Management

The Company''s capital management objectives are:-

The Board policy is to maintain a strong capital base so as to maintain Investors, creditors and market confidence and future
development of the business. The Board of Directors monitors return on capital employed.

The Company manages capital risk by maintaining sound/optimal capital structure through monitoring of financial ratios, such as
debt-to-equity ratio and net borrowings-to-equity ratio on a monthly basis and implements capital structure Improvement plan when
necessary.

The Company uses debt ratio as a capital management index and calculates the ratio as Net debt divided by total equity. Net debt
and total equity are based on the amounts stated in the financial statements.

II) Credit Risk

Credit risk is the risk of financial loss arising from counter-party failure to repay or service debt according to contractual terms or
obligations. Credit risk encompasses both, the direct risk of default and the risk of deterioration of credit worthiness as well as
concentration of risks. Credit risk is controlled by analysing credit limit and creditworthiness of customers on a continuous basis to
whom the credit has been granted.

Financial instruments that are subject to concentration of credit risk principally consists of trade receivable investments, derivative
financial instruments and other financial assets. None of the financial instruments of the Company results in material concentration
of credit risk

Exposure to credit risk

The carrying amount of financial assets represents the maximum credit exposure. The maximum exposure to credit risk is as under,
being the total of the carrying amount of balances with trade receivables and advances for seed production.

Trade receivables

Ind AS requires expected credit losses to be measured through a loss allowance. The Company assesses at each date of financial
statement whether a financial asset or group of financial assets is impaired. The Company recognizes lifetime expected losses for
all contract assets and I or all trade receivables that do not constitute a financing transaction. For all other financial assets,
expected credit losses are measured at an amount equal to 12 months expected credit losses or at an amount equal to the life time
expected credit losses, if the credit risk on the financial asset has increased significantly since Initial recognition

Before accenting any new customer, the Company uses an external/internal credit scoring system to asses potential customer''s
credit quality and defines credit limits by customer. Limits and scoring attributed to customer are reviewed periodic basis

ill) Liquidity Risk

a) Liquidity risk management

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 per requirements. The Company manages liquidity risk
by maintaining adequate reserves, banking facilities and reserve borrowing facilities, by continuously monitoring forecast and
actual cash flows, and by matching the maturity profiles of financial assets and liabilities.

b) Maturities of financial liabilities

The following tables detail the remaining contractual maturities for its financial liabilities with agreed repayment period. The amount
disclosed in the tables have been draw up based on the undiscounted cash flow of financial liabilities based on the earliest date on
which the Company can be required to pay. The table includes both interest and principal cash flows.

51 Wilful Defaulter * The company is not declared wilful defaulter by any bank or financial Institution or other lender during the year.

52 Relationship with Struck off Companies - During the year, the company has not carried out any transactions with companies struck off under
section 248 of the Companies Act. 2013 or section 560 of Companies Act, 1956,

53 Registration of charges or satisfaction with Registrar of Companies - During the year, the company has registered charges on the assets of the
Company with the Registrar of Companies, where applicable. No loan has been satisfied during the year, hence, no charge is vacated from
Registrar of Companies.

55 Utilisation of Borrowed funds and share premium: 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) with the
understanding (whether recorded in writing or otherwise) that the intermediary snail (i) 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 (ii) provide any guarantee, security or the
like to or on behalf of the Ultimate Beneficiaries

i___________________ _

56 Undisclosed income - There iS HO case of search or survey of any other cases related to ineomft kijrrr>rtrinmH or rlieoloeeH ir\ ^/r**vy 5

n*aoe&mimtfl under the Income Tax Act, 1961. /•jrV[\S

fa /

—-/ ACCOUfTTA:

¹ II ^__jj, l

57 The company has not invested in Crypto Currency or Virtual Currency, hence related details are not provided ^ y _{M t},_f ,

Arvind J. Kakadia * rivirit J. Kakadia AmitkiTmp^Krondekar

Managing Director Whole Time Director & Chief Financial Officer Company Secretary

DIN Mo ; 06893183 DiN No. 06893680

Place: Kuvadava, Rajkot Place, Kuvadnv^, Rajkot Place: Kuvadava, Rajkot

Date : 17/05/2025 Date : 17/05/2025 Date : 17/05/202S

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Mar 31, 2024

P PROVISION AND CONTINGENT LIABILITIES

Provisions: Provisions are recognised when there is a present obligation 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 there is a reliable estimate of the amount of the obligation. Provisions are measured at the best estimate of the expenditure required to settle the present obligation at the Balance sheet date and are not discounted to its present value.

Contingent Liabilities: Contingent liabilities are disclosed when there is 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 will be required to settle ora reliable estimate of the amount cannot be made.

Q CASH AND CASH EQUIVALENTS

In the Cash Flow Statement, cash and cash equivalents includes cash on hand, demand and short term deposits with banks, other short-term highly liquid investments with original maturities of three months or less.

R FINANCIAL ASSETS AT AMORTISED COST

Finanaal assets are subsequently measured at amortised cost if these financial assets are held within a business whose objectwe is to hold these assets in order to collect contractual cash flows and contractual terms of the financial asset give rise on specified dates to cash flows that are solely payments of principal and interest on the principal amount outstanding.

S FINANCIAL ASSETS AT FAIR VALUE THROUGH OTHER COMPREHENSIVE INCOME

Financial assets are measured at fair value through other comprehensive income if these financial assets are held within a business whose objective is achieved by both collecting contractual cash flows and selling financial assets and a contractual terms of the finanaal assets give rise on the specified dates to cash flows that are solely payment of the prinapal and interest on the principal amount outstanding.

T FINANCIAL ASSETS AT FAIR VALUE THROUGH PROFIT OR LOSS

Financial assets are measured at fair value through profit or loss unless it is measured at amortised cost or at fair value through other comprehensive income on initial recognition. The transaction costs directly attributable to the acquisition of assets and liabilities at fair value through profit and loss are immediately recognised in the statement of profit and loss.

U FINANCIAL LIABILITIES

Finanaal liabilities are measured at amortised cost using the effective interest method, if tenure repayment of such liability exceeds one year.

V EQUITY INSTRUMENTS

An equity instrument is a contract that evidences residual interest in the assets of the company after deducting all of its liabilities. The Company recognises equity instruments at proceeds received net off direct issue cost

W RECLASSIFICATION OF FINANCIAL ASSETS

The Company determines classification of the finanaal assets and liabilities on initial recognitions. After initial recognition, no reclassification is made for financial assets which are equity instruments and financial liabilities. For financial assets which are debt instruments, a redassification is made only if there is a change in the business model for managing those assets. Changes to the business model are expected to be infrequent The Company’s senior management determines change in the business model as a result of external or internal changes which are significant to the company''s operations. Such changes are evident to external parties. A change in the business model occurs when a company either begins or ceases to perform an activity that is significant to its operations. If the Company reclassifies financial assets, it applies the reclassification prospectively from the reclassification date which is the first day of the immediately next reporting period following the change in business model. The Company does not restate any previously recognized gains, losses (including impairment gains and losses) or interest.

X OFFSETTING OF FINANCIAL INSTRUMENTS

Finanaal assets and liabilities are offset and the net amount is reported in the Balance Sheet if there is currently enforceable legal right to offset the recognized amourts and there is an intention to settle on a net basis, to realize the assets and settle the liabilities simultaneously

Y LEASES:

Leases in which a substantial portion of the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments and receipts under such leases are recognised to the Statement of Profit and Loss on a straightline basis over the term of the lease unless the lease payments to the lessor are structured to increase in line with expected general inflation to compensate for the lessor''s expected inflationary cost increases in which case the same are recognised as an expense in fine with the contractual term.

Z FUNCTIONAL AND PRESENTATION CURRENCY

Indian Rupees is the functional and presentation currency

29 Fair Value Measurement

The management assessed that the fair values of short term financial assets and liabilities significantly approximate their carrying amounts largely due to the shortterm maturities of these Instruments. The fair value of financial assets and liabilities Is Included at the amount at which the instrument could be exchanged in a current transactin''! among wiling parties, other than in a forced or liquidation sale

The Company determines fair values of tinancial assets and financial liabilities by discounting contractual cash inflows/ outflows using prevailing interest rates of financial instruments with similar terms. The fair value of investment s determined using quoted net assets value from the fund. Further, the subsequent measurement of all finance assets and liabilities (other than investment in mutual funds) is at amortized cost, using ihe effective interest method.

Discount rates used in determining fair value

The Interest rate used to discount estimated future cash flows, where appllcabe. are based on the Incremental borrowing rate of Ihe borrower which in case of financial liabilities is the weighted a/erage cost of borrowing of the Company and in case of financial assets is the average market rate of similar credits rated hstrument.

The company maintains policies and procedures to value financial assets or financial liabilities using the best and most relevant data available. In addition, the Company internally reviews valuation, ncluding independent price validation for certain instruments.

Fair value hierarchy

Al financial instruments for which fair value is recognized or disclosed are categorized within the fair value hierarchy described as follows, based on the lowest level input that is significant to the fair value measurement as a whole.

Level-1

Quoted (unadjusted) price is active market for identical assets or liabilities Level 2:

Valuation technique for which the lowest level input tnat has a significant effect on the fair value measurement are observed, either directly or indirectly.

Level 3

Valuation technique for which the bwest level input has a significant effect on Ihe fair value measurement is not based on observation market data.

30 Financial Instruments and Risk Review

i) Capital Management

The Company''s capital management objectives are:-

The Board policy is to maintain a strong capital base so as to maintain investors, creditors and market confidence and future development of the business. The Board of Directors monitors return on capital employed.

The Company manages capital risk by maintaining sound/optimal capital structure through monitoring of tinancial ratios, such as debt-to-equity ratio and net borrowings-to-equity ratio on a monthly basis and implements capital structure improvement plan when necessary.

The Company uses debt ratio as a capital management Index and calculates tne ratio as Net debt divided by total equity. Net debt and total equity are based on the amounts stated in the financial statements.

ii) Credit Risk

Credit risk is the risk of financial loss arising from ccunter-party failure to repay or service debt according to contractual terms or obligations. Credit risk encompasses both, the direct risk of defailt and the risk of deterioration of creditworthiness as well as concentration of risks. Credit risk is controlled by analysing credit limit and creditworthiness of customers on a continuous basis to whom the credit has been granted.

55 Utilisation of Borrowed funds and share premium: 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 (Intermedianes) wth the understanding (whether recorded in witing or otherwise) that the Intermediary shall (i) 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 (ii) provide any guarantee, security or the like to or on behalf of the Ultimate Beneficiaries

56 Undisclosed income - There is no case of search or survey of any other cases related to income surrendered or disclosed in any tax assessments under the Income Tax Act, 1961.

57 The company has not invested in Crypto Currency or Virtual Currency, hence related details are not provided

Arvind J. Kakadia Kint J. Kakadia Vivek M. Moliya

Managing Director Whole Time Director & Chief Financial Officer Company Secretary

DIN No.: 06893183 Dl N No.: 06893686

Race: Kuvadava, Rajkot Place: Kuvadava, Rajkot Place: Kuvadava, Rajkot

Date: 14.05.2024 Date: 14.05.2024 Date 14.05.2024

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Mar 31, 2023

PROVISION AND CONTINGENT LIABILITIES

Provisions: Provisions are recognised when there is a present obligation 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 there is a
reliable estimate of the amount of the obligation. Provisions are measured at the best estimate of the expenditure
required to settle the present obligation at the Balance sheet date and are not discounted to its present value.

Contingent Liabilities: Contingent liabilities are disclosed when there is 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 will be required to settle or a reliable estimate of
the amount cannot be made.

S CASH AND CASH EQUIVALENTS

In the Cash Flow Statement, cash and cash equivalents Includes cash on hand, demand and short term deposits with banks,
other short-term highly liquid Investments with original maturities of three months or less.

T FINANCIAL ASSETS AT AMORTISED COST

Financial assets are subsequently measured at amortised cost If these financial assets are held within a business whose
objective is to hold these assets in order to collect contractual cash flows and contractual terms of the financial asset give rise
on specified dates to cash flows that are solely payments of principal and interest on the principal amount outstanding.

U FINANCIAL ASSETS AT FAIR VALUE THROUGH OTHER COMPREHENSIVE INCOME

Financial assets are measured at fair value through other comprehensive income if these financial assets are held within a
business whose objective is achieved by both collecting contractual cash flows and selling financial assets and a contractual
terms of the financial assets give rise on the specified dates to cash flows that are solely payment of the principal and interest
on the principal amount outstanding.

V FINANCIAL ASSETS AT FAIR VALUE THROUGH PROFIT OR LOSS

Financial assets are measured at fair value through profit or loss unless it is measured at amortised cost or at fair value
through other comprehensive income on initial recognition. The transaction costs directly attributable to the acquisition of
assets and liabilities at fair value through profit and loss are immediately recognised in the statement of profit and loss.

W FINANCIAL LIABILITIES

Financial liabilities are measured at amortised cost using the effective interest method, if tenure repayment of such liability
exceeds one year.

X EQUITY INSTRUMENTS

An equity instrument is a contract that evidences residual interest in the assets of the company after deducting all of its
liabilities. The Company recognises equity instruments at proceeds received net off direct issue cost.

Y RECLASSIFICATION OF FINANCIAL ASSETS

The Company determines classification of the financial assets and liabilities on initial recognitions. After initial recognition, no
reclassification is made for financial assets which are equity instruments and financial liabilities. For financial assets which are
debt instruments, a reclassification is made only if there is a change in the business model for managing those assets.
Changes to the business model are expected to be infrequent. The Company''s senior management determines change in the
business model as a result of external or internal changes which are significant to the company''s operations. Such changes
are evident to external parties. A change in the business model occurs when a company either begins or ceases to perform
an activity that is significant to its operations. If the Company reclassifies financial assets, it applies the reclassification
prospectively from the reclassification date which is the first day of the immediately next reporting period following the change
in business model. The Company does not restate any previously recognized gains, losses (including impairment gains and
losses) or interest.

Z OFFSETTING OF FINANCIAL INSTRUMENTS

Financial assets and liabilities are offset and the net amount is reported in the Balance Sheet if there is currently enforceable
legal right to offset the recognized amounts and there is an intention to settle on a net basis, to realize the assets and settle
the liabilities simultaneously.

AA LEASES :

Leases in which a substantial portion of the risks and rewards of ownership are retained by the lessor are classified as
operating leases. Payments and receipts under such leases are recognised to the Statement of Profit and Loss on a straight¬
line basis over the term of the lease unless the lease payments to the lessor are structured to increase in line with expected
general inflation to compensate for the lessor''s expected inflationary cost increases in which case the same are recognised
as an expense in line with the contractual term.

AB FUNCTIONAL AND PRESENTATION CURRENCY

Indian Rupees is the functional and presentation currency

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Mar 31, 2021

_I_I_I_I_I_

The management assessed that the fair values of short-term financial assets and liabilities significantly approximate their carrying amounts largely due to the short-term maturities of these instruments. The fair value of financial assets and liabilities is included at the amount at which the instrument could be exchanged in a current transaction among willing parties, other than in a forced or liquidation sale

The Company determines fair values of financial assets and financial liabilities by discounting contractual cash inflows/ outflows using prevailing interest rates of financial instruments with similar terms. The fair value of investment is determined using quoted net assets value from the fund. Further, the subsequent measurement of all finance assets and liabilities (other than investment in mutual funds) is at amortized cost, using the effective interest method.

The Company maintains policies and procedures to value financial assets or financial liabilities using the best and most relevant data available. In addition, the Company internally reviews valuation, including independent price validation for certain instruments.

Fair value of financial assets and liabilities is the amount that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date, regardless of whether that price is directly observable or estimated using another valuation technique.

The following methods and assumptions were used to estimate fair value: -

a) : - Fair value of short term financial assets and liabilities significantly approximate their carrying amounts largely due to the short term maturities of these instruments.

b) : - The fair value of the Company''s interest borrowing received are determined using discount rate reflects the entity''s borrowing rate as at the end of the reporting period. The own nonperformance risk as at the end of reporting period was assessed to be insignificant.

Fair value hierarchy

All financial instruments for which fair value is recognized or disclosed are categorized within the fair value hierarchy described as follows, based on the lowest level input that is significant to the fair value measurement as a whole.

Level -1 : - Quoted (unadjusted) price is active market for identical assets or liabilities

Level 2: : - Valuation technique for which the lowest level input that has a significant effect on the fair value measurement are observed, either directly or indirectly.

Level 3 : - Valuation technique for which the lowest level input has a significant effect on the fair value measurement is not based on observation market data.

30. Financial Instruments and Risk Review

OCapitalManagement

The Company''s capital management objectives are: -

The Board policy is to maintain a strong capital base so as to maintain investors, creditors and market confidence and to future development of the business. The Board of Directors monitors return on capital employed.

The Company manages capital risk by maintaining sound/optimal capital structure through monitoring of financial ratios, such as debt-to-equity ratio and net borrowings-to-equity ratio on a monthly basis and implements capital structure improvement plan when necessary.

ii) Credit Risk

Credit risk is the risk of financial loss arising from counter-party failure to repay or service debt according to contractual terms or obligations. Credit risk encompasses both, the direct risk of default and the risk of deterioration of credit worthiness as well as concentration of risks. Credit risk is controlled by analyzing credit limit and creditworthiness of customers on a continuous basis to whom the credit has been granted offer necessary approvals for credit.

Financial instruments that are subject to concentration of credit risk principally consists of trade receivable investments, derivative financial instruments and other financial assets. None of the financial instruments of the Company results in material concentration of credit risk.

Trade receivables

Ind AS requires expected credit losses to be measured through a loss allowance. The Company assesses at each date of financial statement whether a financial asset or group of financial assets is impaired. The Company recognizes lifetime expected losses for all contract assets and / or all trade receivables that do not constitute a financing transaction. For all other financial assets, expected credit losses are measured at an amount equal to 12 months expected credit losses or at an amount equal to the life time expected credit losses, if the credit risk on the financial asset has increased significantly since initial recognition

Before accenting any new customer, the Company uses an external/internal credit scoring system to asses potential customer''s credit quality and defines credit limits by customer. Limits and scoring attributed to customer are reviewed periodic basis

iii) Liquidity Risk a) Liquidity risk management

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 per requirements. The Company manages liquidity risk by maintaining adequate reserves, banking facilities and reserve borrowing facilities, by continuously monitoring forecast and actual cash flows, and by matching the maturity profiles of financial assets and liabilities.

c) Maturities of financial assets

The details of the Company''s financial assets are given in note no 29. All the assets are taken on the undiscounted contractual maturities of the financial assets including interest that will be earned such assets.

iv) Market Risk

Market risk is risk that the fair value or future cash flows of a financial instrument will fluctuate because of changes in the market prices. Such changes in the value of financial instruments may result from changes in the foreign currency exchange rate, interest rate, credit, liquidity and other market changes.

142 Difference in Foreign Exchange Gain (Loss) included in other 88,368 8,27,422

income

43 OPERATING LEASE

The Company''s significant leasing arrangements are in respect of operating leases for lands and premises (Agricultural lands, godown etc.). These leasing arrangements which are in cancellable range and are usually renewable by mutual consent on mutually agreeable terms. The aggregate lease rentals payable are charged as rent in the Statement of Profit and Loss.

44 The company is not fulfilling the criteria as specified in section 135 of the Companies Act, 2013 relating to the expenditure on Corporate Social Responsibility Activities, hence, the company has not incurred any expenses during the year.

45 The net profit (loss) for the purpose of measurement of basic and diluted earnings per share in terms of Indian Accounting Standard - 33 on Earnings Per Share has been calculated as under:

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Mar 31, 2018

Notes to Account

(i) Name of the related parties and description of relationship :

Sr. No	Name	Relationship
01	Arvindbhai Jadavjibhai Kakadia	Director
02	Kiritbhai Jadavjibhai Kakadia	Director
03	Jadavjibhai Devrajbhai Kakadia	Director
04	Kishorbhai Devrajbhai Kakadia	Director
05	Hemang Chandrakant Baxi	Director
06	Aartiben Ankurbhai Kakadia	Relatives of Director
07	Ankurbhai Kishorbhai Kakadia	Relatives of Director
08	Arvindbhai Jadavbhai Kakadia (HUF)	Relatives of Director
09	Harbaiben Devrajbhai Kakadia	Relatives of Director
10	Hetalben Rajnibhai Kakadia	Relatives of Director
11	Jadavjibhai Devrajbhai Kakadia (HUF)	Relatives of Director
12	Jagrutiben Rakshitbhai Kakadia	Relatives of Director
13	Jentibhai Devrajbhai Kakadia	Relatives of Director
14	Jentibhai Devrajbhai Kakadiya (HUF)	Relatives of Director
15	Kantaben Jayntibhai Kakadia	Relatives of Director
16	Kishorbhai Devrajbhai Kakadia (HUF)	Relatives of Director
17	Prabhaben Kishorbhai Kakadia	Relatives of Director
18	Rajnikant Jadavbhai Kakadiya(HUF)	Relatives of Director
19	Rakshitbhai Jentibhai Kakadia	Relatives of Director
20	Sangitaben Kiritbhai Kakadia	Relatives of Director
21	Sonalben Aravindbhai Kakadia	Relatives of Director
22	Vikenbhai Jentibhai Kakadia	Relatives of Director
23	Hari Om Super Shop	Sister Concern of Director

(ii) Transaction During the Year with related parties :

Sr No	Particulars	2017-2018	2016-2017
01	Issue of Shares	1,47,05,800/-	NIL
02	Loan Taken	3,19,95,000/-	2,09,26,130/-
03	Loan Repaid	4,06,60,266/-	59,94,856/-
04	Purchase	1,27,45,850/-	1,45,43,831/-
05	Sales	68,77,217/-	NIL
06	Rent Expenses	1,65,000/-	1,80,000/-
07	Interest Expenses	15,77,010/-	16,46,130/-
08	Salary Expenses	8,73,000/-	3,96,500/-

(iii) Balance Outstanding at the end of the year:

Sr. No.	Particulars	2017-2018	2016-2017
01	Issue of Shares	4,82,65,800/-	3,35,60,000/-
02	Loan Taken	1,71,67,861/-	2,55,36,778/-
03	Sundry Creditor	31,46,200/-	25,82,722/-

9. CONVERSION FROM PRIVATE LIMITED TO LIMITED :

During the year under consideration company has been converted from Private Limited to Public limited as per certificate incorporation issued of by ROC-Ahmedabad dated 14/09/2017 and consequently the CIN No. of company has been changed to L01132GJ2014PLC080273.

10. EXTRA ORDINERY EVENT OCCURING AFTER BALANCE SHEET DATE :

The company has filed the prospectus with NSE as on 21.02.2018 and came with Initial Public Offer on 12.04.2018 and closed on 17.04.2018. The public issue was of 17,32,000 equity shares of face value of Rs. 10/- each of company for cash at a price of Rs. 60/- per equity share, including a share premium of Rs. 50/- per equity share, aggregating to Rs. 10.39 crores. The company got listed its share on NSE SME Platform on 25.04.2018

11. PROVSION OF GRATUITY :

The Management has decided to apply Projected Unit Credit (PUC) method of gratuity provision with effect from F.Y. 2012-2013 up to 30-09-2017 & according to this method figure of Rs. 7,35,172/- arise for above period. So gratuity accounted in the Profit & Loss A/c in year under consideration. It has also sought actuarial valuation of the same as per provisions laid down in AS - 15.

12. FOREIGN EXCHANGE EARNING AND OUTGO:

There is a no Foreign Exchange Earnings during the year. However the company has spent worth of Rs. 57.32 (C.I.F) Lacs for purchase of Coriander & Other Seeds from Italy, Bangkok & china. The company has also spent worth Rs. 6.20 towards exhibition charges & traveling in foreign country for Research & Development of seeds.

Sr. No.	Particulars	($ & Euro in Lacs )	(Rs. In Lacs)
(A)	Foreign Exchange Earnings	NIL	NIL
(B)	Foreign Exchange Out Go
(I)	Import of Seeds (In Euro)	0.67	51.80
(II)	Import of Seeds (In $)	0.9258	5.52
(III)	Exhibition Charges (In $)	0.9513	6.20

For, MUKUND V. MEHTA & CO	FOR, BOMBAY SUPER HYBRID SEEDS LIMITED
SD/-	SD/-	SD/-	SD/-
(MUKUNDV. MEHTA)	ARVINDKUMAR KAKADIA	KIRITKUMAR KAKADIA	MONA RATHOD
(PROPRIETOR)	MANAGING DIRECTOR	WHOLE TIME DIRECTOR/CFO	COMPANY SECRETARY
(MEM. NO. 036611)	(DIN : 06893183)	(DIN : 06893686)	(Mem. No: ACS47291)