Khaitan (India) Ltd. के अकाउंट के लिये नोट

Mar 31, 2025

xiii) Provisions, Contingent Liabilities and Contingent Assets

Provisions involving substantial degree of estimation in measurement are recognized when there is a legal or constructive obligation as a result of
past events and it is probable that there will be an outflow of resources and a reliable estimate can be made of the amount of obligation. Provisions
are not recognized for future operating losses. The amount recognized as a provision is the best estimate of the consideration required to settle the
present obligation at the end of the reporting period, taking into account the risks and uncertainties surrounding the obligation.

Contingent liabilities is not recognized and are disclosed by way of notes to the financial statements 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 when there is a present obligation that arises from past events where it is either not probable that an outflow of
resources will be required to settle the same or a reliable estimate of the amount in this respect cannot be made.

Contingent Assets are disclosed in the financial statements by way of notes to accounts when an inflow of economic benefits is probable.

xiv) Employee Benefits

a) Short term Employee benefits are accrued in the year services are rendered by the employees.

b) Provident & Family Pension Fund: In accordance with the provisions of the Employee Provident Funds and Miscellaneous Provisions Act, 1952,
eligible employees of the company are entitled to receive benefits with respect to provident fund, a defined contribution plan, in which both the
company and employee contribute monthly to Provident Fund Scheme by the Central Government/Trust at a determined rate. The company contrib¬
utes to the Employees’ Pension Scheme, 1995 for certain categories of employees. The Company’s contribution is charged off to the Statement of
Profit and Loss.

c) Gratuity: Post Employment and Retirement benefits in the form of Gratuity are considered as defined benefit obligations and is provided for on
the basis of third party actuarial valuation, using the projected unit credit method, as at the date of the Balance Sheet. Every Employee who has
completed five years or more of service is entitled to Gratuity on terms not less favorable than the provisions of The Payment of Gratuity Act, 1972.

The liability or asset recognized in the balance sheet in respect of defined benefit gratuity plans is the present value of the defined benefit obligation
at the end of the reporting period less the fair value of plan assets. The defined benefit obligation is calculated annually by actuaries using the project¬
ed unit credit method.

The present value of the defined benefit obligation is determined by discounting the estimated future cash outflows by reference to market yields at
the end of reporting period on government bonds that have terms approximating to the terms of the related obligation.

The net interest cost is calculated by applying the discount rate to the net balance of the defined benefit obligation and the fair value of plan assets.
This cost is included in employee benefit expense in the statement of profit and loss.

Re-measurement gains and losses arising from experience adjustments and changes in actuarial assumptions of the defined benefit obligation are
recognized in the period in which they occur, directly in other comprehensive income. They are included in retained earnings in the statement of
changes in equity and in the balance sheet.

d) Leave encashment benefits: The liabilities for earned leave are not expected to be settled wholly within 12 months after the end of the period in
which the employees render the related service. They are therefore measured as the present value of expected future payments to be made in
respect of services provided by employees up to the end of the reporting period on government bonds using the projected unit credit method. The
benefits are discounted using the market yields at the end of the reporting period that have terms approximating to the terms of the related obligation.
Re-measurements as a result of experience adjustments and changes in actuarial assumptions are recognized in profit or loss.

The obligations are presented as current liabilities in the balance sheet if the Company does not have an unconditional right to defer settlement for
at least twelve months after the reporting period, regardless of when the actual settlement is expected to occur.

xv) Revenue

a) Sale of Goods

Revenue is recognized at the fair value of consideration received or receivable when the significant risk, rewards and ownership of goods have been
transferred and the amount thereof can be measured reliably. This represents the net invoice value of goods supplied to third parties after deducting
trade discounts, returns, volume rebates and outgoing sales tax and is inclusive of packing charges and excise duty there against.

b) Interest, Dividend and Claims

Dividend income is recognized when the right to receive payment is established. Interest has been accounted using effective interest rate method.
Insurance claims/other claims are accounted as and when admitted / settled.

xvi) Borrowing Cost

Borrowing cost comprises of interest and other costs incurred in connection with the borrowing of the funds. All borrowing costs are recognized in
the Statement of Profit and Loss using the effective interest method except to the extent attributable to qualifying Property Plant and Equipment (PPE)
which are capitalized to the cost of the related assets. A qualifying PPE is an asset, that necessarily takes a substantial period of time to get ready
for its intended use or sale.

xvii) Taxes on Income

Income tax expense representing the sum of current tax expenses and the net charge of the deferred taxes is recognized in the income statement
except to the extent that it relates to items recognized directly in equity or other comprehensive income.

Current income tax is provided on the taxable income and recognized at the amount expected to be paid to or recovered from the tax authorities,
using the tax rates and tax laws that have been enacted or substantively enacted by the end of the reporting period. Taxable Income differs from ‘profit
before tax’ as reported in the statement of profit and loss because of items of income or expense that are taxable or deductible in other years and
items that are never taxable or deductible.

Deferred tax is recognized on temporary differences between the carrying amounts of assets and liabilities in the Financial Statements and the
corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognized for all taxable temporary differenc¬
es. Deferred tax assets are generally recognized for all deductible temporary differences to the extent that it is probable that taxable profits will be
available against which those deductible temporary differences can be utilized.

Deferred tax liabilities and assets are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset
realized, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that
sufficient taxable profits will be available to allow all or part of the deferred tax asset to be utilized.

xviii) Earnings Per Share

Basic earnings per share are computed by dividing the net profit attributable to the equity holders of the company by the weighted average number
of equity shares outstanding during the period. Diluted earnings per share is computed by dividing the net profit attributable to the equity holders of
the company 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.

xix) Non-current assets held for sale

Non-current assets held for sale are measured at the lower of their carrying amount and the fair value less costs to sell.

Assets and liabilities classified as held for sale are presented separately in the balance sheet. However, there are no such assets described as held
for sale in current Financial year

The Company classifies non-current assets as held for sale if their carrying amount will be recovered principally through a sale rather than through
continuing use. Actions required to complete the sale should indicate that it is unlikely that significant changes to the sale will be made or that the
decision to sell will be withdrawn. Management must be committed to the sale expected within one year from the date of classification.

xx) Cash dividend and non-cash distribution to equity holders

The Company recognizes a liability to make cash distributions to equity holders of the Company when the distribution is authorized and the distribu¬
tion is no longer at the discretion of the Company. Distribution is authorized when it is approved by the shareholders. A corresponding amount is
recognized directly in equity.

38. Segment information

The board of directors of the Company has appointed Mr. Sumit Pasari as Chief Operating Decision Maker (CODM) as defined by Ind AS 108,
Operating Segments. The CODM evaluates the Company''s performance and allocates resources based on an analysis of various performance
indicators.

The Company deals with various customers, and there was no customer to whom sales of 10% or more of the Company''s Revenue were made.

The Company operates predominantly in three business segments, viz., Agriculture, Sugar and Electrical goods. The sales of the Company are
mainly in India. Further, the company does not hold any material assets at overseas locations, hence there are no reportable geographical
segments.

39. Employee benefit obligations / expenses

(I) Post Employment Defined Contribution Plan

The Company contributes to the Provident Fund (PF) maintained with the Regional Provident Fund Commissioner. Under the PF scheme contribu¬
tions are made by both the Company and its eligible employees to the Fund, based on the current salaries. An amount of Rs. 1,91,966/- (31 March
2024 : Rs 11,06,704/-) has been charged to the Statement of Profit and Loss towards Company’s contribution to the aforesaid PF scheme. Apart
from making monthly contribution to the scheme, the Company has no other obligation.

(II) Post Employment Defined Benefit Plan-Gratuity (Funded)

The Company provides for Gratuity, a defined benefit retirement plan covering eligible employees. As per the scheme, the Gratuity Trust Funds
managed by the Life Insurance Corporation of India (LICI) make payment to vested employees on the event of retirement, death, incapacitation or
termination of employment, of an amount based on the respective employee’s eligible salary for specified number of days, as per provisions of
Gratuity Act depending upon the tenure of service subject to a maximum limit of Rs.2,000,000. Vesting occurs upon completion of five years of
service. Liabilities with regard to the Gratuity Plan are determined by actuarial valuation as set out in Note 39 (III) and (IV), based on which, the
Company makes contributions to the Gratuity Fund.

(IX) Risk Exposure:

Valuations are performed on certain basic set of pre-determined assumptions and other regulatory framework which may vary overtime. Thus, the
Company is exposed to various risks in providing the above gratuity benefit, the most significant of which are as follows:"

(X) Interest Rate risk:

The plan exposes the Company to the risk of fall in interest rates. A fall in interest rates will result in an increase in the ultimate cost of providing the
above benefit and will thus result in an increase in the value of the liability (as shown in financial statements)."

(XI) Liquidity Risk:

This is the risk that the company is not able to meet the short term gratuity pay-outs. This may arise due to non availability of enough cash/cash
equivalents to meet the liabilities."

(XII) Salary Escalation Risk:

The present value of the defined benefit planis calculated with the assumption of salary increase rate of plan participants in future. Deviation in the
rate of increase of salary in future for plan participants from the rate of increase in salary used to determine the present value of oblgation will have a
bearing on the plan’s liabilty.

(XIII) Demographic Risk:

The Company has used certain mortality and attrition assumptions in valuation of the liability. The Company is exposed to the risk of actual experience
turning out to be worse compared to the assumption."

(XIV) Regulatory Risk:

Gratuity benefit is paid in accordance with the requirements of the Payment of Gratuity Act , 1972(as amended from time to time). There is a risk of
change in regulations requiring higher gratuity payouts (e.g. Increase in the maximum limit on gratuity of Rs. 20,00,000). An upward revision of
maximum gratuity limit will result in gratuity plan obligation."

Fair Value Technique

The fair values of the financial assets and liabilities are included at the amount that would be received to sell an asset or paid to transfer a liability
in an orderly transaction between participants at the measurement date. The following methods and assumptions were used to estimate the fair
values:

(a) The fair value of cash and cash equivalents, trade receivables, trade payables, current financial liabilities and borrowings approximate their
carrying amount largely due to the short-term nature of these instruments. The board considers that the carrying amounts of financial assets and
financial liabilities recognised at cost/amortised costs in the financial statements approximates their fair values.

(b) Investments in quoted equity shares are measured using quoted market prices at the reporting date multiplied by the quantity held.

(c) Fair Value for valuation of unquoted equity instruments is arrived based on management estimate.

41. Financial Risk Management objectives and policies

The Company’s principal financial liabilities comprise borrowings in domestic currency, capital creditors and trade and other payables. The main
purpose of these financial liabilities is to finance the Company’s operations. The Company’s principal financial assets include loans, trade and other
receivables, cash and cash equivalents, investments at cost/fair value and deposits, that derive directly from its operations.

The Company is exposed to market risk, credit risk and liquidity risk. The Company’s senior management oversees the management of these risks.
The Board of Directors reviews and agrees policies for managing each of these risks, which are summarised below.

A. Market risk

Market risk means that the fair value of future cash flows of a financial instrument will fluctuate because of changes in market prices. The goal of
market risk management is optimization of profit and controlling the exposure to market risk within acceptable limits. Market risk comprises two
types of risk: ''Foreign currency risk'', ''Interest rate risk'', and ''Price risk on traded goods''.

Price Risk on Traded Goods

The company is impacted by the price volatility of goods in which the Company trades. To minimize the risk related to price of traded goods, the
Company obtain order for sales from buyers prior to purchase of goods with immediate despatch to buyer.

B. Credit risks

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 others. In addition, credit risk arises from financial guarantees.

The Company implements a credit risk management policy under which the Company only transacts business with counterparties that have a
certain level of credit worthiness based on internal assessment of the parties, financial condition, historical experience, and other factors. The
Company’s exposure to credit risk is influenced mainly by the individual characteristics of each customer. The Company has established a credit
policy under which each new customer is analyzed individually for creditworthiness.

(i) Credit risk exposure

The carrying amount of financial assets represents the Companies’s maximum exposure to credit risk. The maximum exposure to credit risk as of
31 March 2025 & 31 March 2024 are as follows:

44. No Borrowing cost have been capitalised during the year.

45. Earning in Foreign Exchange : FOB Value of Export - Rs. NIL ( PY - NIL-)

46. Production activity of the sugar mill of the company is continued to be under suspension for a long time after incurring heavy losses. Therefore
for the time being company has not considered the business of sugar division as discontinued operation. The management is exploring various
option to come out from above situations and hopeful that some development may take place.

47. In the opinion of the management the realisable value of Property, Plant and Equipment of sugar division could not be less than it’s carrying
value. As such, any provision on account of impairment is not considered necessary during the current FY 2024-25.

48. The company has incurred losses upto the half year ended 30th September 2022 and also in the immediately preceding few financial years, as
such the net worth of the company has reduced. However, due to various business improvement related measures undertaken by the company, it
has earned net profits for the financial year 2022-23 and onwards. The management is hopeful of improved results in subsequent periods/ years
too, as such the accounts of the company have been prepared on going concern basis.

49. The balance of debtors, Creditors, Loan, advance, Claims and deposits are subject to confirmation/ reconciliation. In the opinion of the
management, accounting adjustments, if any, arising therefrom are not likely to be material on conclusion of exercise of confirmation/reconciliation.

50. Additional disclosures required by Schedule III (Division II) of the act, as Amended

1) There was no proceeding has been initiated or pending against the company for holding any benami property under the Benami Transactions
(Prohibition) Act, 1988 and rules made thereunder.

2) The Company has availed borrowings for working capital purpose from the banks on the basis of security of current assets. The Company files
the statement of current assets with the bank on periodical basis. Following are the reconciliation between books of accounts and quarterly
statements submitted to the lenders, where borrowings have been availed based on security of current assets:

3) The company has not made any transactions with companies struck off under section 248 of the Companies Act, 2013 or section 560 of
Companies Act, 1956.

4) The Company is not a holding company of any subsidiary company or not a subsidiary of a holding company. The compliance with 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 is not
applicable for the Company.

5) The Company has granted advances to and made investment in its associate and other companies which have been utilised by them in
ordinary course of business for further investment as per their business requirement or for general corporate purpose. Details of the loans are as
follows :

6) "The Company has no transactions to report against the following disclosure requirements as notified by MCA pursuant to amended Schedule III:

(a) Crypto Currency or Virtual Currency

(b) Relating to borrowed funds:

i. Utilisation of share premium

ii. Discrepancy in utilisation of borrowings

iii. Current maturity of long term borrowings"

7) The company has not applied an accounting policy retrospectively or made a restatement of any items in the financial statements.

8) "The Company have not received any fund from any persons or entities with the understanding 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 Ultimate Beneficiaries or

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

9) The Company have not any such transaction which 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).

10) As the company do not have turnover of Rs. 1000 crore or more or Net profit of Rs. 5 crore or more or Net worth of Rs. 500 crore or more in
immediately preceding financial year, the provisions under section 135 of the companies act with regard to CSR activities is not applicable.

53. Previous year figures:

The figures of previous year have been regrouped / reclassified wherever necessary to make them comparable with those of the current period.
The notes referred to above form an integral part of the financial statements

For K.C. Bhattacherjee & Paul For and on Behalf of the Board of Directors

Chartered Accountants

Firm Regn. No. 303026E

Sunay K. Khaitan Gop_al M_or

Biswajit Datta ^Director Director

(_Partner) DIN:07585070 DIN: 00555282

Membership No. 055582
UDIN : 25055582BMIEOF4881

Sumit Pasari Chandra Nath Banerjee

Kolkata Chief Financial Officer Company Secretary

28th day of May, 2025 PAN:- AFBPP8184J PAN: -AKUPB6049A

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Mar 31, 2024

k iii l Prov is ions, C onti ng cut UabMtt&S and Ca nti-ng-fenl Assn Is

Previsions tnvoMhg substantial oegiee Lit estimation n m^asLremen. are recagnKttd when the:-: is a legal s canslrLalive abiinaliun as anj&Jltaf past events a;nri t S p-otablethst Inera will ue an outtlaL ¦ _i research e.nd 3 i‘- at „¦ EStmata can da mats cf .ha atnaurttof obligate n P^rov s ens ate no! IsCogmied o’ I Limit ope,s.l r j os-ses 1 he emeu -it recDgr-aied as a previsian is _;r.e hast BStimaSaoi he con s''c-arst c n i ecu 1O0 to Settle he present obligaltdn a: the end of‘he reporting period, tak.''ig i its account the nsHe j nd unesha. nde^Sdn o annlng the ob !igjtL cft

Gcii i "igant ,aai Hies ¦; *idt recognized arid are d’-edOSad by ¦-¦¦siy a iotas to : le f rancid'' statements when ti ara .- a passe ? ti.igition anting hum pastfivenls, this ftulstenoe pt whletl wiii -ja donfintied or y by Ihe ocCun''ense or rm n oCfiur''Eicft o; are Or rnurittnotfftahlflj urt svt TtS^Ot wholly within ttlBcunlrol at tup Campiny dt v,¹ hS l there SiprBfrehtabllgatHiinihal a,-sus i-itm pas1 events where it t either not b-uaible that an uatfioiL¹ of rSSaj''oUS * ll bo retJuiWd to satlle the sama or a rulcible estimate of She ar’uijnl n I hLSraspest cannot jo mads

Contingent Asserts arc d sdoSBd n tt» tnsiW a! statement by way of not-j¹: to ^CCoLifltS Wha t an Inflow of eCunotnlC banoltta Is probable.

Kfvf Employee Bcnchls

at 5h

b) Provident ft Family Pertldn Fund Inaccj;-, sc wfltl I he pmvisiu.is el Itie Emp.-oyce FtOV Coni Funds And Viscelsrreoui

Previsions Art. ''361!. eligible employ''s** of the company are ontfed to rtree.va burteliis to tfi respect to providen. and. a dottned coriMbiil.L"! plan n Which b-oih ,l m company and iplovGt CWttttnJte monthly to PraVldou: r^:ur f ^Jjthtr''‘e by the Central Government/Trust at a ertt m.-it-d rate. The ebmpmy eemi-Jbutss to Ihs Employees Pension bchomt, 13E-S lor colt a. u LaLo^h''ic; Of tnrp.jyees. ''h£ Company sc.inLiIbc.''tlLri Is charged ofl to the Stdflfcfrrtntot PreTl eaid Loss.

c) Ora Id lly PdstSitnrJiay -ietn and Pttirenier1 bsnef 1j - i Ltre !? m of Gratuity are tc-h jfd 6 rtda 5 deiihed benefit oblige,L trre Hid Is

prodded li an the basis oflh nd party actuarial valuation, using the pr-a^ctedunltefeil tllMiicpt, asattliE cate at thh Caiirtca 3tieeL. fivery Lrnploy''.-o tvhtthes cpmp Ciedfve yddns t '' tierce'' Lorviie str-lil ed I j Gratuity HTLerris lot lassf-tworahfetlwi lit* p''oylsioiisul T11 a Payit''Cnl ¦ j! GfiitU jly Art, 1372.

Tilt ^anility Qrassa''. n&coenL''iGcs In tltu baiartcs sltciti i ic-ibici. s1 cu ''nicd bentili''. grataity plEnti is trie presettl yaidh or the defined bent! Lobapailon at the end ol :^Lte reporting pu, iod iuss He lair y-s''uc a: plan asseiE. I tie defined beiidJli obligalian is calculated an.iiua''.ly by acluailes usltig he tr-a^ecteii unit c red ItmsfiBd.

flit iresen! vaiue of lI^c ae''nved L>e:f-iG ii &b''.igafioit''s detennlnad by dksctRintlitg the estimated iuluie :ash Sutffaws by fefeiwjwto market yields at the end o'' lepo ling period on gova- nment bonds dial Iwn it-ms apfOiLtmating «? I ho lems of th-e rKaifid obligation.

'' I lie n.of Inte-esl C''.''Ei n oap;u. ated by apolylng the riiscoun f rats ta She r^et t alancs af the define J tie nil i ¦.¦h''ligafon an, J the lair ve ue ifptanassets rhlsjqortlsIncludedinflrnpJti^teriirtlflMperieeln thisstflHiniant cp''ri.Land loss

Fte-m&zaurni''''ient gains and losses arising from experience adjustments and cFrengEsIn airtuarie- assumolians of the daiinad benefit cb^: gallon rare recognized n the period In wh''Ch they occur, di redly in ether comprehensive income. They art molded in raiairrad aarnin 5 s in the staiement oF changes, in equity sn c .n the balance a hear.

d) Leave -:n cash ment benefits: Tbia liebfiiissfbrearned leave are net ejected to ba sailed wholly wifein ''£ months altar line end. of the cenod in which the employees render the re ated service. They are IhEraftHe measured es the present value of sxpacred Future payments to Pe made in respect aF services provided by employees up In the and of the reporting period on government bends using the orojected unit credit melhop. The benefits ere discounted us^:rg the market yields h1 the end of the deponing period Ihat have terms approximating tc Fhe terms cf the related obligation. fte-measuramente es a result of experience adjustments and changes n actuarial assumption: aye recognized in prof it or loss.

The obligariens are presented as cl men) I labilities ¦ n the balance sheet if the Gompeny does not have an unoondibonal right to deter settlement For et least twelve months alter 1he raporii ng period, regardless of When the actual settlement is eixpectad to occur.

xv) Revenue

a) Sal-: of Gccbs

Revenue is recognized a! the fair value of Donsidereiiob received or receivable vihen the slgniiioanl risk, rewards and ownership ert goods have been InaniterreLi n id !ha amount thereof oan be measured reriabLy. This represents !hE net Invoice VihIub nf g cads suppSed to third parties after decuPting trade discounts, returns, vateme rebates end outgoing tales tail and is Inclusive of packing charges and exc-se duly there Bgainst.

b) Interest, Dividend and Claims

Dividand InWrho Ifi re:oQfili&d when the rigflttP laosive paymsm is established. Interest hat been accounted using effective Interest rata method. Insurance ctelmS.''Dther claims areeucounted as and whan adm''-ted,¹''Settles.

xirl) Borrowing Coat

Borrowing cost comprises of Interest and other CbSfc Incurred in Mnrwcflon wife the bPrtdwi rig df lha funds. Alt bomawlrig edits ana recognized in the Statement of Profit and Loss using the effective Interest method etc apt to the extent attr Ibiitable to qualifying Properly Plant and Equipment i?PE) which are capitalized to Lite cost of the related assets. A qualifying PPE is an asset, that nccBESirrliy takes o scbSTanllal period uftlma to Pet ready ter its Intended use cr sale

xvli) Texes on Income

Income ten expense represarM! ng the sum of current tax expenses and lha nat charge of the deferred taxes Is retogntzed in the income statement except to the extent I net It relates Id items recognized Directly Iri equity or other Pomprehartslve Income.

Current income tax is provided on the taxable Income end recognized 01 the amount expected Ip bo paid to ? r recovered from the taut au ihortiise, using the tax rates and tax laws Ihat have been enacted or subalsrrtJvely enacted by the end of lha reporting period. Taxabls Income d t''ers hum ''profit betare tax as reported In the statement or profit a no loss because of Hems of income or expanse that are textible or dec uc E ore in ultw years and Hams Ihat are never taxable or deductible.

Eteiened tax Is recognized on tsmporaiy differwiees between the carrying amoums of assets and liabilities In iha financfel Statement end the Correspond''ng tax bases used In the compulation of taxable ptollt. Deferred lax. liabilities are generally racognizad ter ell taxatife tampomry dlffarencas. Deterred (ax assets are generally retognszea ter all deductible temporary dllarences to the extent thv.l It Is probable that taxable pfollls Will be available against Which those deductible temporary drlfsrences can be utilised.

Deferred tax liabilities and assets are measured at fee (ax rutuu trim a a expected to apply In lha period In which the Held llty is settled or the asset realized, based on tax rates (uhd tax laws) tfian have been enacted or substantively enacted by the end of the reporting period.

The car lying -amount of deterred fax assets Is reviewed at tins- end of each reporting period and reduced to the extent that It Is no Ibfigacprobable dial suitldenftaxable profits will be available te allowal! or pant of the deferred tax asset to be utilized.

Kirill) Earnings Per''Share

Basic eai nlnga per share are computed by dividing thy net profit attributable to tlvi equity held ars of the company by fee weighted average number of equity shares outstanding du ring fee period. Diluted earnings per share 1s comp feed by dividing the na t croln attributable to llw equity holders cl the etwnpsmy by the weighted average number ofdourty shares considered forderMng basic darnings pet share and also the welgriHHJ average ndtribar of equity shares that c oui-J have bean Issued upon cmwarslen of all dl lultv* iwlanilal equity shares.

x i>:''i N nn-currd nt assets held far sals

N ? n-CLi ite nKt&etfi ns dtor sale arenB=iSL^rad si the B^r pf^rl-e-r carrying jnTflMntefidUiE fair value less casts to sa I

Assets arc liabilities c assified as held tor salsa-ra t''started seearslely r the bs-sice shee1 Hd-isyer, ths''e sre ns :=,,rn assels descr sad as held tor ss e in curr&nt F nancia'' year

Tbs Ccmgs-ty else sites lor-dL rrenl sssets as nt^:;^{: J}cr sale if the rcarryirg amount vgtll ba rsc averse pmc.celly [toe ugh a Sale rathe- ipai thrcuqn con nuing use t cucns nec.iired !s cc nn j e!e da sa a shm a nd calsviei n ^;s unlikely that sigr-fcanr charges to the ssls *-i,: ps made or l.ia.i i is decision La sell -.Vll bs ¦v.ifhd rawfl. Uanacatitent f ust os etjrnffittted to I is sale Bisected vrith ti ape year Item the cate otclsssbicaten

nx; C ash dividend add non-cash distribution lb eq u ity h alders

Tre Cnmasnv r?cbgr-:es a liattill ¦ i: "H''s cash E.st''ibLLibns tc sc u Ly hi darstJ heCSbfnpefiy -tier [ha distributionIsd,jtl-:^ri;ad arc the distrib''jtich is nc Shiga? at ShE disc''etion j lib (toripar-, Ofettlbufnai ia authorised Wtlan it a apptovim by the s ie^re isIds''L. fli corresponding amocr''. .s rBbcgt:;rec.di:ECI:y rrequity

2U 1 Secured dy HypoLdecslJon of aSscda, Hook teats, standing crops, stores 4 scares and an other current assets and mortgage o'' spncmurBS lano measuring abr„t 2087 ?1 Acres ar.c entirs lixstr mwH o! sugar division nP liie ocnnpmy, pressri! S future arn personal guaramas rvf a [director

Tins Company has sails-'' eu ihe cu- ^ranl-i adachea iu ihe bcmmlngs the ounc''*e-4 lund hes irean used ta ivurhlrig nsenta- HnpbE«

Pjle nr IntarW Of Cash credit Account *3ffll 4* [*f irifotwl iffor doted Sdltl July 3022 ft*Sank.df flUriXia t 1S* for IO0I SSnh, L united as Pei Iasi nane-urt letter psem! 15tr. UeoemtaarMSS

id.J PBSiihffth.tjnpoIRp «naa,flqn.- It^sbirercManedfrrjfr.lheN&FCriinlnrnttriitEUtRS ISKrplLJItaifrtNytdV''IdBt''Ittttf heZywiprtsd rortjenerBl curpurEie purKses

TlrebilsncH jmnuntoH R* ’¦JS.flflJKld tes twi reni-.vnri bys*Bl M0FC V-dn Lelfor dried 1 il Aont-iWJ tor t pimntf rtf tmr \fcat urcF IriAiril 20ZK

Trio Loan Is secured by

i] kifcrtftigeaf 7 Put nr Flats uvj=no by the Company and Odrereiidy Cm pur-atee

ill Pledge of i OOtv; eouity ehanss-of lire Company bald dy''Jia Dredcrs and fire body Corporates

¦ill Personal puranteenf nne director

iv> Corporate &jrenlws

¦i''i Imetucabla and soeoafcPbijarcr attorney eaecutad dy ns omeror toa properly

Tina borrowed fund has bwn used for wmrfcng caaiai and cmaral corporate pure™. Th* Cortoany has intiEfrsd 1tre covenant attached fo the teereytnsa

2G.1 Tire Company das hat deeo rwrartsd as wlfot default* during the currant year w sny of Ifie leaders nt the company.

3T Segment informatics

The beard cf OifBclert dttha Company has appcintec Mr: Sunit Pasari as Chigt Oper«ir>g Dectst''orr tf*>;er (CODWl as defined by Ind AS I rib. Dpa-aiingi Segments T ie CfltlM evaluates She Company''s perfctmance and stlacaiea rtsuurces baaed un a- analyaia or van^cs oedomiance Indicator*.

Tn- CurMafiy defa^ A''rth viiuus costumes, and :he*e >.vas na cuartumej tu ^njfti sies uf tO^fc ur more of die CumpatT^s Rrve-ue A>e‘e »n&ae

53 Erno^; :yw twneto i&llijatkjfss ¦'' sKperraeg

Pie Clirtpiny to^-iHbul-fi ta Pie Provdenl Furd (PR itji nLineri with IIi“ -"Qiaridi PrL^v4derrt Rjhd Ciinn-SSar*! Unde- the PF secern- rortnbtriians are rTtusp by Min LtoComnary ana tsotisfb''e err^o^ees lotho Funs, baste on ihe eumsnt saiarVjs An BmuLnt of Ra 11X6,704.''- ''3. Marci^- j?£23 fts 1-3,34,007,* j has bc<.-^r cl''-augcs i" The StalcmrnL :i* P-ofit *“d l.siss Li-vard* C amp an/s cormb j?nn 1c-Ihe alrrnsad r^c sememe Apart Vran making vnaraMy c::nlriiuti::fi ti £ib lha Cv^pany ftae ns L-ti*¹ ubigaii-jn

¦li| F:« Fmdoym^nL DtfTrad Bgr^’ Pign GrBbiily tRjrKS&Q)

^-¦e C-vrnpan*'' p-jv-a-ea I*.-: D^iuiiy, a deilr*p benelrl recrement pin ejvernig a pipe emp .-rc^es Asw ir« a diene the Qraurty Ti^gj F-jr^s ?nanig«j by the

I ri&-nsy-wior. C^rp:jrs*dr»cr hrdm |i C\) mphe payment *1 K«Kd ptoyots “*n the c^nnt erf rfrtirnmrni qr-jJh Incap tnr*1inn nncrm>ieMn n fmpIqyrnr-Tt, si* an amixifllf hAsea arithe reipetl-.e iWIpityuA''leLgibe Jiir apee^lrtj ¦ iuf*ir Of dayi Hi ap-prtviSicflS ai GP-abuiCy Ad dep£riQ>i£] uflor It e leiure cdstrict subject to a ?nsf:rnum Smrt oi Rs.f.''XO.COn V^scng ¦cjocu''b uo;-n coma*et.:n trttiffl years ert eervxw Llabirtow -vn regard to Lhe Gratuity Ran ana aels r?r_rH3d bry ,actuarial valuation in set cut in Nnte afl 4111} ancs pVi, a.it-a can when. !*¦*¦ Cnmparw makes ca^nbuidnsirlhc GhEbuity Raid

I IK I Hiuk Evp''jnure:

Va t -''.5 am ptlfrvmptj tin ifk; -\ basic rjm -t p^ ditEIMlifrtd Uasumpiinns P''ld ^hrr rr-guleinry f(«ni#lr * ,-h ch may Vary nYCdirnc. T^r,u& ihf

ComDity is exposed to venous r stein providing S»atovB gratuity befiallt tl»md®t^ftj|canijrfwtirctia£BBHftHld«B tX) |.fltwe*i ftsm rndu

^vhe pan eyases rhe CdiidDa''TyiLjtritriskQrial¹-’ interest razes. ATaiin r.iereen :ajKS -.- res^-i -i:¹ ineieaae." mtuSIt laie-suai jZjf ¦: ¦. cnoa zoe snore bnnnirand ''jiNthkjEcrLri''inin -crpj!,! ititha-vdiftllicfllwSatoi¹ y ImshmV HF.rinnaljirtnm^nli:-

(XI) UquIdtty.RFfk;

^This is 17.9 risk lhsn ibs company is not afcua la meet the shed Harm g alu^:ry pay-ruti Ton may arise due re nvi avaii&p

I nil) Salary Lasatattoii Risk:

^Them eaei rf Jt ..i el lieeel.rtrd T pifinllt^lEU aled VlttflIk ii:,..'' ipt atSpiny InaftflJi jieal ? i ¹ at-, l ojhle :i lu..-=r (Ji\ Itlu.....Zliei.i.r.:

innise se ary In ¦ ,iurr forptjn porttcipanlEtTnm therailnf increase p. salary urid(¦ v/mr^: tha presr ar ve uiclcis gunnnw havaa bearing ¦— trethrar''snsDitly.

mint Demon raphit Flish:

“lie-r.-mpaiiy ms used Mrlslnmurtslity a- . attrHun assuntriiun;lnva „ai ..¦ uf|he liability. flieCun''izany is etgjtnea In ns*u: actus mpenenor turning iUHtr6*#praa conndrod trvte i-ssurnptian

|K|V1 irlrgulnlnry flis-ki

Gratuity baneA .s paid apcor-datoo uni ih Ita rso- nements at ''he PHynWU at OratulTy Acl laTitaa amended rra£ line to ins I rare e a na*. c¹ change ,n regulsHuna ¦¦eauiiing higl''ii 0ialuiL_S'' gftMuts .e.o I''tiease in (ha maiinvyn Ufoi i on g ai. ty jl Fs. fifl.oa.aM) A''. upward iBrlsiwt jz manrnran gratieiy mir will nesui'' in £¦ u.01 - Igjjgstinn

Fair Vbiuc Technique

The fair Va lles of the financial SS-Jfts am I nln Ties a-5 ttpijjud&(i ait (bfi ampint mal would be rpce yed td 5P^:I an ssspi or pa rl tn transfer a M-at-iiiiy pp nideily 1 ansarion between p&nlcipate ait ?he measurement date The Mlowifig methods and sssumptinns were used <0 estimate the fair values:

(«i The felrvaiue t-Fcash and cash wtjivB ants, traoB necewaMes, trace payables, cuireri hranna :iatiilirier jnq borrowings ppprccdhiate me^anyina amcunr nrgely due tr> Itie sl-nrl-terr-i nature at these Insrrumems The board considers thal the carrying ayneLinta of fjtfancia assete and finance ¦ abr 1 en repogrtfsed a; cpst/amoftsed costs n the financial aratemepite npptlttirinases ihe-h fislr vnfues

if'' Investments in quoted equity shares are mess,.red ''.jsinri quoted market r.Hces at -he repcrting date mulrip: ad by me qua ifity held.

(cl ^cs-t VfliLefcr vaipetion of unquoted bouTy nsinpmEnts''s errved based or mansqemert eft-mate.

411 FJna ncial Risk i-fl ana qemt-nl ohje r: tiv as end policies

The Company''s principal financial liatflltles-comprise bonpiwings ip domestic currency, cgpitel Wedilors and trede and other payapl&s. Tfi= mar purpose of Ihesefijnarcial I ebiln-ea is tP ’ir-ance th= Com nary''s on-er=tir,ns “he C.nmpan/s orrcipe'' financial assets include-loans, trade and other receivables, cash and cash equivalents, investments at costteir value end deposits. 1ha1 derive directly Fnpm its operations

The Company js emwsecf to market risk crep t-irk anr. liquidity risk TnpC-tKTipeoy''ssetecr appagement oveiBees tttg; maosgeCbenl rri lapse rrNs. Ti p Ensm qltjjfectore re-''p vs and an^_ees nolT.ies ^;r.T mar spire parh of ^:-asp ^Jisks rrfl Cfi are si;miT_;ar^:sed UeK*?,

A Market risk

Mark-et risk means that the fair value offutute cash flaws of a financial instrument will fluctuate becausecf changes In maiket prices Tnegos of maikel rff.li man-sn-pr-e-.i ^:s optimization a'' c ofnand cantrpllrhg the errppsune to market 15k within soqepte ;? ii mils Market risk comprises tvrO ryp-E3 of ¦ -> ⁼ore:gn currency risk niflldSl rate rial'' . and Fr ee risk an 1 a:ted goods

Price Risk an Traded Gauds

T"e car cany s -mastered by tip :^T.ce vdfat iiry c! qo-cils in v.T-ich t)16 Company trades- Tc ¦—linir:¦ 7s the risk related to price of fradeo goads, me Company cd^ir order for sales from auyere prior to purchase r.i gcoos th immediate despslch Id bi.ye¹

3 Credit risks

C-red t r S'' is (ha risk at fnan -e. dss to :ha Cumpsr.y f a customer or counrp''psdv to a fnin.-ia nstnjmer-1 ''ails to hie. its cdntrapluai pbUgalioriS, and a-''ses princrpel y ’“ran lhe Gonpany''s raceivabte^ Tom custorrers and c.t iers. maociirion, c^_edi: ris^ arises horrt ‘inancial puarentees

The Company i nplsmen^a a c edc risv managernerL poll.:-, unce¹ yyh ch ''ha Cc-mgar’Y only transacts business ivi(h colfptafpa l ea rhat nave a ca-lsin leyei dT creoit rvfi nh ness cased On !:e^rrr.l aacesi-nen: c-I re pari as fjnanc ai conoition., h''stdricsl evpa -e-ice, and olhar I''acfors ThB Campartjfs exposure io erttfit risk ^:= i-.l^:uer-ced mainly by ms -ndiv -dua characreriaiict (?f eacn custccne''. Thie Cc-rr''car-, 113 eatabiia --ed a cred I policy or-Ser A''-i!c.n each nM custame- a aralyzec individLsiy tbr crediivonhinesi

11} Credit risk oxpastire

Tire cerrv.-ng arnciu ''.. cf liner cia aasEia repreaerls thH Corn dam pc''-, rheui ^_.l rn EiipoacrE ic-orEd''l rsK ThB madm j n enpc; j^re tc credit risk 3 3 c'' Mansi 2Q24 S 3‘ March 2053 are as Tot jws:

43 Ns Borrowing c-rst navt Pet'''' capitalised ol rinq tie ves:

M Dues fsun -.''lire''s Ha. 35,1 *,579.''- (Fh -;-&.Bii,S51.'' 1

4s Earning |ri Funalgn &tcnATfjf TDD vaue ¦. ''r.vpuit Rs NIL (PY Ni^;_t

4$ 7- - [;LTizii. -y ¦; ".iv-ng nririr INsn PC''¹ a Tty.. I_v i^Lirt 5L1; - r M,''B KM .a- ''.eliri I !H I''l''cvirl, Tr '' ¦* "g Iht r-i-= ¦: Elcnl .-v-.K.Iir e (d IIif < "''np.-.iy, Ihe

Fina-nai sratFPP^_''E s! re atone -aferrEid srit/ hat new teen scnsr- ¦ isted ncr any ccnso diied financial slattfTie’is hit been piepa-ea as 1ne management tntteuea that it dues not an|dY neteaSary Punt .. Enid Influence In itspeci oJ it Unawaal end toenail po tries avet''ltie said codipany.

47 PhHkiCtinn KSiyity 5f 1hp Tu^ir mill Cl Hit Company -¦? CnrtfinueC: Id C urKJt* iustWnJinn lint 4 lung lime Jflet incurring Terty;/ IntuCS The :rt:duiliiii''

an -tias cpuIq tal ce ^rBEonrEC during :be cunt- " _r F*i oecBuse of un rarrunenar ¦-b se pricer e^r-d h nh testproducer - -r.J.tvEfihe c"nps^_;

¦¦. h-tit''c itiei in ruce because ¦.,'' he ¹ upr.-vt irert''.''.-e, fiartiia t -nt be -g Dumoany nas rwt ocTjtfBftd tfe-budKH nfiLijai asdstcinimuDU uperaCnn

4g m fo npininn n-re man uganwrit t-g leaasejjie yame tnlPrHKrty, Plan a-n fcrciOfnenityf sugar dvismn could not tra ess than cscarrying yaiue iiidi any orpyigiun cn accr-ervi of llBpafirtienl It r-itcsiiEiaared necessary, aten froth a -irsvaipn or Fs ¦¦ 07 lakht earned t ''¦oe pre^oua year

4ir tS|ria|n flnaMia! too npejaiivia] ertu tore u¹ the company haya . i-ared Insc sent,- and I3e- nruptcy p-ootaoings sigainat Ire Gump ary unaei EtL

CndgSLIfG n™;"icr In til nlttn C4HI, (f* pfftilicn Of ''he niTC-ti crrnnrp Ira* nut pi''or'' idm-rcd _trr :j,-ihg-curnpr r" u nm :''ln,V ''duriBjri......

e taK np neresEar;- alaptlc ''eE¦¦ va lhe issua ol suer- p''adiH’t here-¹:-^, rt -sits note-/ sage any tcnoe''nt as rega''os t; going cs-.ebf. atatua of ma lumtia/w Et tnS ilarst

''J j 7 - e c.rriua ¦. ¦ ea mtj..:ed .saei uptn L"e ^L e _Ptar e dea Em EStpremea. r-TJa and e^:s.’. Lie imrrfu aie y prtztdi- ¦ er, ¦ spl- el yeari. iuth

iha n?r ivorlr o'' tie comp^n. -as reduced I Hrtravsr, z-j* ;n yjr --js buainess mpr -.-arrenit rr.aned .Titacurrs undcrafcin by lhe ffomp*ij, h sas earned

¦^_et p:u^:ne *di :he 1 -ansia- ,-ea;'' ?JZ£ 12 end 2,22-1-1 f nt mafiegtnit''d s ¦cpelul u! inttprouad ''eeo :e '' Sjcaeqoanl per.^,.'' yteie loo. as sue'' r^r^

jr::tiunls :rl 11 -E cririp^en-,- ¹ sye brirn dtv.v. srpu un racing rnniTr¹''. htitis

Si TothE acceoldetitory Creditor, i.nan. anuanca, C aims eno id«>:sis are subject to cr^1-- ''mHtinn-'' recorin,:^..-:-; ntrBCDinnn ofiha r.-anspemeni aicsj".iiny adjujirraols. If any, atiamg lhere^cai are not ‘ely Hi it raabetie on buncos :n Pf tL.*cee of con* ''eiflllon.MecunciliaiTluri

FJ Pdd IMnnat d ItcfuBunee ttgub-ed by SePtdult hi I CDithaion Ith «r Lbt act, ee Aiiiebdtd

¹ Theta ¦ .ay nn peceecid^ has baen initiated drpandmg againr'' Ifiecorti- y ^;o^r Hmding an; bEram punparty under the Eensmi Tra-yaci¦¦¦ ns rh;Lihitit-dni i&iSaou r-es rnadj tnt-''aundet

2. Pie Companv nsa availed ti£jrn:*,r.gt1oi irorh-i cao-ia¹ ponsiae ''c-m ihe bank3cr- ft uaaia s-1 aeicurlty c-t cun e^i aEaeit TTeCoraipary r tt hr^jtTnmni t:¹ CunFm assidfs ''h fid fcjnl un ijDr rsdiuJ¹ t«*S FiiIIl. ¦. ig stji.v rtOCtnfiliKtien -jetiVtcn pnglA nf jrj:r:o-is ,md dcurledy aiarenpfs submttio¹ !¦: re fits, ''.nere porrtui "pa rava itter eve tc baseo c - sacurlly nf c j-ent asters''

Si T''-i (Company has nu ni-''iaeCLinste ist-..-i aga''iSMhf -;v*vir!j rd^:sJuSLj7e -iquIreriefYi^ sa nu'' ’ie* by (4tA pt-rsnahL to a>iie-.ti5t: &dieuulfr r .

(aj &yptu Cu''WiUy.'' Ulrtugil fluinancy Lbf Felaling ''ll bpmWrt runnv i UL iej: : n pf ahira jjnemkiin ii. DisiMftsancyi''- ^ilisaliini _¦'' bumawlngs iii CurfitflJ nwtaity ¦ Inng term bnr''i''/iingE

Ti Trie ilurt\Sja.7y has hr : .applied an JinenuhlmLj p, m''ua(3K;li«!y nr mMfe a rftSInlnhirnL nT #iiy iterrta in ihe linarn. ,jl riftimpht*.

fi.i Tr-e Com parry r.a_vi noi -aDeiniec anj Puna Irtira sr-f pirsuni ui enliLas with L-"* u no-aratfifiSinc fat ISe Company sha

ej dirKtv direamf ip''-r ur naBEPin ^ihe¹ pe^raone or pmtee ''Ja-’iHied In any marine'' wtiolBoav* ny :r rm rahi-*.:- ne ''unir.’aie teneiicanea or hf Eacyiie aly ffiarardrt, PeCiidly nrl''!? k» nn behalf a:: ne LIMIT*''.*- tedlOMH

9i The O.-mpany ¦¦Jaisr\ any suf Ina-iaEr.¹ on v-hicn iE nol ratojiSed m In? ouuki uf acn. ¦-¦¦.¦: inai "aa uter aurrentianeci. r disu-i-Eird as ¦¦¦¦! jina a^nna ih" yrar in ilic ta> asar-jErric—s uricjirtti* Inr''-in Tan 9fi :T-:c"h o; search :''5uryov n? a^y rime- nti''civa''il nr-v jinns irttw Inn-mp Tara Ad I96:i

I''.ViAa IhsCompany CiMlul I-i-.-K li.''rliij'',''L-r i.| Hi IPOP c r.. u .:¦ mure ur=;t1 pnafn ;:i Ra. £ t M''S n - flnmir a-i *.. rlh nf Ha. 5QC urine nr mbl| ¹ .nnm^o ataiy prpygdinn f na-icis ..gar ih? pmvi:-- "5 under fecrinn 13s nUpg entriMnips ecf /rih ¦eiard (bCSR acirvifot ra nrt sppncah “

6?. Previous year figures:

TT-.r ''icjiAKi of previous year I''lava bwh rejroiip&d, resist fed ¦.¦l-.e reVer ii''.-figsHry to make ennrn:erjp;e <.i in tnoae of the

current penod

i fia fKust raie-''E-d to above form an ntajfsji part of the man''j.a: afauemenrs

PrEvioui yenr Source.

TO figure* af|fre™ ilyieaj ttaVnise^rtBjjroupBtl/rjcfaasifiiidvitiBrever nccest;ryi thdffi compshaiite v< :!¦¦:¦ r the current par ij

The rotes refered id above farm an integral part of the Finanoia extern ante

Fcr K.C. aiiatlachcf^ve A Pa*iJ

Chartered Acctunfiarcs Far ana an Bahair of Che Jean: at Uirectcrs

Pr_m Rig., Ru.

Sarury K Khaflan dardp Chatfapidhyiy iiijul* Chatt«jw

DrnrcCor Dwetlnf Di''mHce

D!hr37FSSCI7& Dif^_:OBS75r.f^ D4N.0<^!i2.iS&5e

[Ha*njH Dattfl

IPfS''lner''i

MWWfl^hlp r ! 1153592

tJPi". WC555e3BKCZ^^3 1

ICafctti Sienfl Rural AnKiL^iigAr^jli

JS* i|«y i\ Iflmy. 2«24 Cter Rn&fWrto CWrtpittf S ftfimPf

PAK ^.FBPPB-IMJ PAN -DEHPS^g''R

---

Mar 31, 2015

1. Corporate Information :

The Company is the owner of "Khaitan" Brand and getting royalty from its users. The Company is manufacturer of Sugar and also cultivates sugarcane in its captive farms for utilizing the same for manufacturing sugar in its factory.

(a) There has been no change /movements in number of Shares outstanding at the beginning and at the end of the Reporting period .

(b) The company has only one class of issued shares i.e. Equity Share having par value of Rs. 10/- per share . Each holder of Equity Shares is entitled to one vote per share and equal right for dividend . In the event of liquidation, the equity shareholders are eligible to receive the remaining assets of the company after payment of preferential amounts , in proportion to their share holding.

Details of Security

A) Term Loan from IDBI Bank under the " Scheme for extending financial assistance to Sugar undertaking 2014" is secured by hypothecation of stocks, book debts, standing crops ,stores & spares and all other current assets and mortgage of agricultural land measuring about 2067.21 Acres and entire fixed assets of sugar division of the company, present & future and personal guarantee of a Director.

B) Loan from Sugar Development Fund is secured by charge on specified assets and guaranteed by a Director of the Company .

Terms of Repayment of Secured Term Loans

I) Term loan from IDBI Bank is repayable in 36 monthly instalments staring from September , 2016 . The rate of interest is BASE BANK RATE (BBR) 350 Bps (current BBR is 10.25% p.a) . Any delay will attract panel interest @ 2% p.a. and also liquidated damages in case of default.

II) Loan from Sugar Development Fund for Rs. 287.55 laks was sanctioned on 31-03-1992 to be disbursed in 3 instalments upto 31-03- 1995. However, only one instalment of Rs. 132.19 lakhs was disbursed. Initially rate of interest was 9% p.a. and penal interest was 2.5% above normal rate of interest. The interest rate was later revised to 4.5% and again to 7.5%. There was a moratorium of 3 years Repayment of Principal was to be made in 4 equal annual instalment after expiry of moratorium period and interest on loan was payable annually. At present amount due on principal account is Rs. 8563117 (Previous year Rs. 8563117) and Rs.25431195 (previous year Rs.23407341 towards interest. The Company has sent a proposal to Sugar Development Fund for concession/waiver of interest which is pending. Inerest on loan of Rs.2023854 for the year (previous Year Rs.1648081) has been provided as per agreement.

The Company has defaulted in repayment of loan and interest in respect of the following

The loan from Sugar Development fund of Rs. 132.19 lacs was repayable in 4 annual instalments by 1999. There is a continous default now. Principal amount of Rs. 46,56,883 has been paid and balance amount due is Rs. 8563117 as on 31-03-2015 and interest due is Rs.25431195 as on 31.03.2015.

There are no Micro, Small, Medium Enterprises, as defined in the Micro, Small, Medium Enterprises Development Act, 2006, to whom the company owes dues on account of principal amount together with interest and accordingly no additional disclosures have been made. The above information regarding Micro, Small and Medium Enterprises has been determined to the extent such parties have been identified on the basis of information available with the company.

3. DEFERRED TAX

a) Net Deferred tax assets as on 31.03.2015 is Rs 45500973/-(Previous year Rs.8,71,23,847/-) in accordance with Accounting Standard 221 'Accounting for taxes on Income' issued by ICAI. Out of above Deferred tax assets of Rs. 12857222/-(Previous Year Rs. 5,44,80,096/- for the year has not been recognised by the Company due to uncertainty on prudence basis and opening Deferred Tax Assets of Rs.3,26,43,751/- has been kept in Balance Sheet.

4. Contingent Liabilities, not provided for, in respect of:

i) Guarantee/Sureties given by the Company for its Business Associates 3,250,000 3,250,000

ii) Counter Guarantee against Guarantees given by the bank to various authorities 2,728,172 2,728,172

iii) Estimated liabilities for Sales Tax relating to earlier years 9,487,225 9,487,225

iv) Income tax matters for earlier years (under appeals) 22,921,244 32,570,557

5(A) Secondary Segment Information

The Company operates exclusively in the Indian Market and as such there are no reportable geographical segments.

(B) Other Discloser

The Company's operation predominantly relate to Sugar and Other products relating to sugar manufecturing .

Accordingly these busness segments comprise the primary basis of segmental information set out in the financial statements. The acoounting policies adopted for segment reporting are in line with the accountng policy of the Company .

6.TRANSACTION WITH RELATED PARTIES

A) Name of the related party and description of relationship :

Related Party Relationship

Khaitan Electricals Limited Associates

The Oriental Mercantile Company Ltd. Associates

Khaitan Lefin Limited Associates

Mr. S.Bafna Executive Director

Seth chiranjilal Khaitan Trust Associates

7. Disclosure of employee benefits is as under:-

i. Defined Benefit Plan:

Post employment and other long-term employee benefits in the form of gratuity and leave encashment are considered as defined benefit obligation. The present value of obligation is determined based on actuarial valuation using projected unit credit method as at the Balance Sheet date. The amount of defined benefit recognised in the Balance Sheet represent the present value of the obligation as adjusted for unrecognised service cost, and as reduced by the fair value of plan assets.

a. Basis of estimates of rate of escalation in salary.

The estimates of rate of escalation in salary considered in actuarial valuation, takes into account inflation, seniority, promotion and other relevant factors including supply and demand in the employment market. The above information is certified by the actuary.

b. The Expenses have been recognized in "Contribution to Provident & Other Funds" in "Salaries/Wages and Bonus" Schedule.'

8. The Compnay is not paying to LIC for gratuity fund. However the Company is also not regular in making payment of Gratuity due to its employess who have been retired from the company.

9. There is no impairmrnt of assets during the year.

10. No Borrowing cost have been capitalised during the year.

11. Advances, Debtors and creditors balances are subject to confirmation.

12. Previous year figures have been regrouped/ rearranged/reclassified wherever necessary

---

Mar 31, 2014

1. Corporate Information

The Company is the owner of "Khaitan" Brand and getting royalty from its users. The Company is manufacturing Sugar and cultivating sugarcane in its captive farms for utilising the same for manufacturing sugar in its factory.

2013-14 2012-13 Particulars Rs. Rs.

2. Contingent Liabilities, not provided for, in respect of:

i) Guarantee/Sureties given by the Company for its Business Associates 3,250,000 3,050,000

ii) Counter Guarantee against Guarantees given by the bank to various 2,728,172 2,528,172 authorities

iii) Estimated liabilities for Sales Tax relating to earlier years 9,487,225 9,487,225

iv) Income tax matters for earlier years (under appeals) 32,570,557 48,042,913

ix. Basis of estimates of rate of escalation in salary.

The estimates of rate of escalation in salary considered in actuarial valuation, takes into account inflation, seniority, promotion and other relevant factors including supply and demand in the employment market. The above information is certified by the actuary.

x. The Expenses have been recognized in "Contribution to Provident & Other Funds" in "Salaries/Wages and Bonus" Schedule.''.

3. The Company is not paying any premium to LIC for Gratuity Fund. Further the Company has paid gratuity directly to the employee who have retired during the year.

4. As per management five employees have filed legal case against the company for claiming their dues of gratuity with the Company. As per the decision of the Court, the company has paidthe dues of three employees along with interest. However, no interest on the dues of the balance two employees have either been paid or provided for in the books..

5. Working Capital Term loan from IDBI and Bank of Baroda was secured by hypothecation of stock, book debts, standing corps, all Moveable Properties and Mortgage of 2067.21 acres of Company''s Agriculture Land and second charge on Fixed Assets of Sugar Division and guarantee of its one director, overdrafts against pledge of Fixed Deposit Receipts Satisfaction of charge for this has not yet been done.

6. Sundry balances written back includes Rs.0.78 lakhs, being liability in our books on account of Term Loan payable but not payable as per bank and hence written back.

7. There is no impairment of assets during the year.

8. No Borrowing cost have been capitalised during the year.

9. Advances, Debtors and creditors balances are subject to confirmation.

10. Previous year figures have been regrouped/ rearranged/reclassified wherever necessary.

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Mar 31, 2013

1. Corporate Information

The Company is the owner of "Khaitan" Brand and getting royalty from its users. The Company is manufacturing sugar and cultivating sugarcane in its captive farms for utilizing the same for manufacturing sugar in its factory .

2. Sundry Balances written off includes Rs. 18.98 lakhs being very old balances receivable from NJMC Unit Khardah claim for Capital Investment subsidy and State Trading Corporation claiming them to be irrecoverable..

3. There is no impairment of assets during the year.

4. No Borrowing cost have been capitalised during the year.

5. Advances, Debtors and creditors balances are subject to confirmation.

6. Previous year figures have been regrouped/ rearranged wherever necessary

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Mar 31, 2012

1. Term Loan from IDBI is repayable in 60 equal installments of Rs. 10 Lacs per month from April,2009 to March,2014 installments of Rs. 10 lacs each are due as on 31-03-2012. The applicable rate of interest is 15.25% and in case of default compound interest and penal interest is imposed.

2. a) Working Capital Term loan of Rs. 270 Lacs from IDBI was sanctioned with a moratorium of six months from 01-04-2009 and repayable in 24 monthly instalments @ Rs. 11,25,000 commencing from October, 2009. This amount has been fully repaid during the F. Y. 2011-12. The applicable rate of interest is 13.5%. b) Working Capital Term Loan of Rs. 105.78 Lacs from Bank of Baroda was sanctioned with a moratorium of nine months from April, 2009 and repayable in 24 monthly instalments of Rs. 4,40,750 from January, 2010. This amount has been fully repaid during the F. Y. 2011 - 12. The applicable rate of interest is 12.25%.

3. Loan from Sugar Development Fund for Rs. 287.55 lacs sanctioned on 31-03-1992 to be disbursed in 3 instalments upto 31-03-1995. However only one instalment of Rs. 132.19 lakhs was disbursed. Initially rate of interest was 9% p.a. and penal interest was 2.5% above normal rate of Interest. The interest rate was later revised to 4.5%. There was a moratorium of 3 years and Repayment of Principal was to be made in 4 equal annual instalment after expiry of moratorium period and interest on loan was payable annually. At present amount due on principal account is Rs. 8,563,117.14 and Rs. 20,204,467 towards interest. The Company has sent a proposal to Sugar Development Fund for concession / waiver of interest which is pending. Interest on loan of Rs. 1,470,576 for the year (Rs. 1,383,546) has been provided as per agreement.

The Company has defaulted in repayment of loan and interest in respect of the following :

1. Term Loan from IDBI was to be paid in monthly installment of Rs. 10 lacs. Although the full amount of Rs. 12,00,000 has been paid but the same has not been paid on due dates either in FY 2010-11 or 2011-12 and hence over and above the interest, compound interest and penalty on principal amount has been imposed.

2. The WCTLfrom IDBI was to be repaid in 24 monthly instalments of Rs. 11,25,000 each from October, 2009. There was delay / default in payment of monthly instalments throughout the repayment period from which interest and penal interest has been imposed. Out of total amount of instalment of Rs. 1,35,00,000 payable by 31-03-2011 an amount of Rs. 1,291,859.56 was paid. The total loan has been repaid on 31-12-2011.

3. The WCTL from Bank of Baroda was to be repaid in 24 monthly instalments of Rs. 4,40,750 from January, 2010. There was delay / default in payment of monthly instalments through out the repayment period for which interest and panel interest have been imposed. Out of total amount of instalment of Rs. 5,289,000 payable by 31-3-2011 an amount of Rs. 518,068 was paid. The total loan has been repaid on 31-03-2012.

4. The loan from Sugar Development Fund of Rs. 132.19 Lacs was repayable in 4 annual installments by 1999. There is a continuous default now. Principal amount of Rs. 46,56,883 has been paid and balance amount due is Rs. 8,563,117.14 on 31-03-2012 (F. Y. 2011-12) and interest due is Rs. 20,204,467 as on 31-03-2012.

There are no Micro, Small, Medium Enterprises, as defined in the Micro, Small, Medium Enterprises Development Act, 2006, to whom the company owes dues on account of principal amount together with interest and accordingly no additional disclosures have been made.

The above information regarding Micro, Small and Medium Enterprises has been determined to the extent such parties have been identified on the basis of information available with the company.

5. Deferred Tax

a) Net Deferred tax assets as on 31.03.2012 is Rs 78,088,469 in accordance with Accounting Standard 222 'Accounting for taxes on Income' issued by ICAI. Out of above Deferred tax assets of Rs. 35,944,714 for the year has not been recognised by the Company due to uncertainty on prudence basis and opening Deferred Tax Assets of Rs 3,26,43,751/- has been kept in Balance Sheet.

6. Segment Reproting

As required under Accounting Standard 17 on Segment Reporting by the Institute of Chartered Accountants of India, the informations on revenue, profit, assets and liabilities relating to business segments of the Company are given below :

7. Disclosure of employee benefits is as under:- ii. Defined Benefit Plan:

Post employment and other long-term employee benefits in the form of gratuity and leave encashment are considered as defined benefit obligation.- The present value of obligation is determined based on actuarial valuation using projected unit credit method as at the Balance Sheet date. The amount of defined benefits recognized in the balance sheet represent the present value of the obligation as adjusted for unrecognized past service cost, and as reduced by the fair value of plan assets.

Any assets resulting from this calculation is limited to the discounted value of any economic benefits available in the form of refunds from the plan or reductions in future contributions to the plan. The amount recognized in the profit and loss account for the year ended 31st March, 2012 in respect of Employees Benefit Schemes based on actuarial reports as on 31st March, 2012 is as follows:-

viii. Major Category of Plan Assets as a % of the Total Plan Assets as at 31st March, 2012:

1. Administered by Life Insurance Corporation of India 100% 100%

ix. Basis of estimates of rate of escalation in salary.

The estimates of rate of escalation in salary considered in actuarial valuation, takes into account inflation, seniority, promotion and other relevant factors including supply and demand in the employment market. The above information is certified by the actuary.

x. The Expenses have been recognized in "Contribution to Provident & Other Funds" in "Salaries/Wages and Bonus" Schedule.'

8. There is no impairmrnt of assets during the year.

9. No Borrowing cost have been capitalised during the year.

10. Advances, Debtors and creditors balances are subject to confirmation.

11. Previous year figures have been regrouped/ rearranged wherever necessary

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Mar 31, 2010

1. Contingent Liabilities, not provided for, in respect of:

2009-10 2008-09

Rs. Rs.

a) Guarantee/Sureties given by the Company for its 30,50,000 30,50,000 Business Associates

b) Counter Guarantee against Guarantees given by the 25,28,172 20,74,198 bank to various authorities

c) Estimated liabilities for Sales Tax relating to earlier years 94,87,225 94,87,225

d) Income tax matters for earlier years (under appeals) 4,80,42,913 58,44,032

2. There is no impairment of assets during the year.

3. Interest Received includes on Fixed Deposits Rs. 79,311/-, (Previous year 2,80,696/-) on Investment Rs. 59,500/- (Previous Year Rs. 59,500/-) and from Loan given Rs. 8,66,802/- (Previous Year Rs. 12,75,760).

4. Cane Advances given to parties are considered good and recoverable by the management.

5. Payment of interest on Term Loan amounts to Rs.1,13,44,958/- (Previous year Rs.92,24,088/-).

6. No borrowing cost have been capitalised during the year.

8. a) Sundry Debtors of Agriculture Division includes Rs. 72,135/- (Previous year Rs.5,12,840/-) which are old dues and considered good by the management.

b) Advances, Debtors & Creditors balances as at the year end are subject to confirmation.

c) Sundry Debtors, considered good include Rs. 14,43,146/- which is under litigation.

d) The Companys proposal to Sugar Development Fund for concession/waiver of interest is still pending. Awaiting approval of the same, interest amounting to Rs. 13,05,232/- has been provided as per agreement. However, no balance confirmation has been received from Sugar Development Fund.

7. Un-provided gratuity liability as per actuarial valuation amounts to Rs. 69,79,202/- (Previous year Rs. 69,21,192) and Leave Encashment amount to Rs. 2,61,796/- (Previous year Rs. 2,35,000) in respect of the Sugar & Agriculture Divisions.

8. Disclosure of employee benefits in respect of the Marketing division is as under:-

Defined Contribution Plan:

Employee benefits in the form of Provident Fund, Employee State Insurance Scheme, Pension Scheme and Labour Welfare Fund are considered as defined contribution plan. The contribution to defined contribution plan, recognised as expense for the year is as under:

ii. Defined Benefit Plan:

Post employment and other long-term employee benefits in the form of gratuity and leave encashment are considered as defined benefit obligation. The present value of obligation is determined based on actuarial valuation using projected unit credit method as at the Balance Sheet date. The amount of defined benefits recognised in the balance sheet represent the present value of the obligation as adjusted for unrecognised past service cost, and as reduced by the fair value of plan assets.

Any assets resulting from this calculation is limited to the discounted value of any economic benefits available in the form of refunds from the plan or reductions in future contributions to the plan. The amount recognised in the profit and loss account for the year ended 31st March, 2010 in respect of Employees Benefit Schemes based on actuarial reports as on 31st March, 2010 is as follows:-

ix. Basis of estimates of rate of escalation in salary

The estimates of rate of escalation in salary considered in actuarial valuation, take into account inflation, seniority, promotion and other relevant factors including supply and demand in the employment market.The above information is certified by the actuary. The Expenses have been recognised in "Contribution to Provident & Other Funds" in "Salaries/Wages and Bonus" Schedule. 11. There are no Micro, Small, Medium Enterprises, as defined in the Micro, Small, Medium Enterprises Development Act, 2006, to whom the Company owes dues on account of principal amount together with interest and accordingly no additional disclosures have been made.

The above information regarding Micro, Small and Medium Enterprises has been determined to the extent such parties have been identified on the basis of information available with the company.

No commission is payable to directors for the year

Gratuity & Leave Encashment paid to Director on resignation amounting to Rs. Nil (Previous Year Rs. 3,50,000/-) & Rs. NIL (Previous Year Rs. 1,60,000/-) respectively ** [Including Service Tax of Rs.9,742/- (Previous Year Rs. 11,103/-)]

9. Deferred Tax

a) Net Deferred tax assets as on 31.03.2010 is Rs. 5,05,51,994/- in accordance with Accounting Standard 22 Accounting for Taxes on income issued by Institute of Chartered Accountants of India. Out of above Deferred Tax Assets of Rs. 1,79,07,243/- for the year has not been recognised by the Company due to uncertainty on prudence basis and opening Deferred Tax Assets of Rs. 3,26,43,751/- has been kept in the Balance Sheet.

10. Related Party Disclosure :

11. Previous year figures have been regrouped/rearranged wherever necessary.

12. Statement pursuant to Part IV of the Companies Act, 1956.