Oxygenta Pharmaceutical Ltd. के अकाउंट के लिये नोट

Mar 31, 2025

2.7 Provisions

A provision is recognised when the Company has a present legal or constructive obligation as a result of
past event and it is probable that an outflow of resources will be required to settle the obligation, in
respect of which reliable estimate can be made. Provisions (other than employee benefits) are not
discounted to its present value and are determined based on best estimate required to settle the
obligation at the balance sheet date. These are reviewed at each balance sheet date and adjusted to
reflect the current best estimates.

2.8 Revenue Recognition

Revenue is recognised when the amount of revenue can be reliably measured, it is probable that future
economic benefits will flow to the entity and specific criteria have been met as described below.

Revenue is measured at the fair value of the consideration received or receivable. Amounts disclosed as
revenue are net of indirect taxes, trade allowances, rebates and amounts collected on behalf of third
parties and is not recognised in instances where there is uncertainty with regard to ultimate collection. In
such cases revenue is recognised on reasonable certainty of collection.

Interest Income

Interest income from a financial asset is recognised using effective interest rate method. However, in
respect of certain financial assets where it is not probable that the economic benefits associated with the
transaction will flow to the entity and amount of revenue cannot be measured reliably, in such cases
interest income is not recognised.

2.9 Dividend Income

Dividends will be recognised when the company''s right to receive has been established.

2.10 Employee benefits

2.10.1 Short term employee benefits

The undiscounted amount of short-term employee benefits is expected to be paid in exchange for the
services rendered by employees are recognised as an expense during the period when the employees
render the services.

2.10.2 Defined benefit plans

a) Gratuity

In accordance with the Payment of Gratuity Act, 1972, Company provides for gratuity, a defined
retirement plan (the “Gratuity Plan”) covering the eligible employees. The Gratuity Plan provides a lump
sum payment to vested employees at retirement, death, incapacitation or termination of employment, of
an amount based on the respective employee salary and the tenure of employment. Liability with regard
to the Gratuity Plan are determined by actuarial valuation as per the requirements of IndAS 19 as of the
balance sheet date, The company would meet the liabilities at the time when they fall due and has not
funded the same by way of separate gratuity Fund.

b) Provident fund

Eligible employees receive benefits from a provident fund, which is a defined contribution plan.
Aggregate contributions along with interest thereon is paid at retirement, death, incapacitation or
termination of employment. Both the employee and the Company make monthly contributions to the
Regional Provident Fund Commissioner equal to a specified percentage of the covered employee''s
salary.

c) Employee State Insurance Fund

Eligible employees are entitled to receive benefit under employee state insurance fund scheme. The
employer makes contribution to the scheme at a predetermined rate of employee''s gross salary. The
Company has no further obligations under the plan beyond its monthly contributions. These
contributions are made to the fund administered and managed by the Government of India.
contributions made on a monthly basis which are charged to the Statement of Profit and Loss.

d) Leave encashment

All the employees who have completed their eligible service in the Company are eligible for leave
encashment as per policy of the Company and the same is paid to the eligible employee at retirement,
death, incapacitation or termination of employment. This amount, as calculated for all the eligible
employees, is charged to the Statement of Profit and Loss.

2.11 Tax Expenses

The tax expense for the period comprises current and deferred tax. Tax is recognised in Statement of
Profit and Loss, except to the extent that it relates to items recognised in the comprehensive income or in
equity. In which case, the tax is also recognised in other comprehensive income or equity.

Current tax

Current tax comprises the expected tax payable or receivable on the taxable income or loss for the year
and any adjustment to the tax payable or receivable in respect of previous years. The amount of current
tax reflects the best estimate of the tax amount expected to be paid or received after considering the
uncertainty, if any, related to income taxes. It is measured using tax rates (and tax laws) enacted or
substantively enacted by the reporting date.

Current tax assets and current tax liabilities are off set only if there is a legally enforceable right to set off
the recognised amounts, and it is intended to realise the asset and settle the liability on a net basis or
simultaneously.

Deferred tax

Deferred tax is recognised on temporary differences between the carrying amount of assets and
liabilities in the financial statements and the corresponding tax bases used in the computation of taxable
profit. Deferred tax is also recognised in respect of carried forward tax losses and tax credits.

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 is 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
liabilities and assets are reviewed at the end of each reporting period.

Minimum alternate tax (MAT)

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

2.12 Leases

At the date of commencement of the lease, the Company recognizes a right-of-use asset (“ROU”) and a
corresponding lease liability for all lease arrangements in which it is a lessee, except for leases with a
term of twelve months or less (short-term leases) and low value leases. For these short-term and low
value leases, the Company recognizes the lease payments as an operating expense on a straight-line
basis over the term of the lease.

As per Ind AS 116, Variable lease payments that do not depend on an index or rate and are not in
substance or fixed, such as those based on performance (i.e. percentage of sales) are not included as
lease payments and these payments are recognized in the statement of profit or loss in the period in
which the event that triggers the payment occurrence.

Hence, the company did not recognize any ROU as the lease agreement does not contain fixed
Minimum Lease payments.

2.13 Borrowing costs

Borrowing costs incurred for obtaining assets which takes substantial period to get ready for their
intended use are capitalized to the respective assets wherever the costs are directly attributable to such
assets and in other cases by applying weighted average cost of borrowings to the expenditure on such
assets. Other borrowing costs are treated as expense for the year.

Transaction costs in respect of long-term borrowings are amortized over the tenor of respective loans
using effective interest method.

2.14 Earnings per equity share

(i) Basic earnings per share

Basic earnings per share is calculated by dividing:

• The profit attributable to owner of the company.

• By the weighted number of equity shares outstanding during the financial year

(ii) Diluted earnings per share

For the purpose of calculating diluted earnings per share, the net profit or loss for the period attributable
to equity shareholders and the weighted average number of share outstanding during the period is
adjusted for the effects of all dilutive potential equity shares.

2.15 Financial Instruments

i. Financial assets

A. Initial recognition and measurement

All financial assets and liabilities are initially recognized at fair value. Transaction costs that are directly
attributable to the acquisition or issue of financial assets and financial liabilities, which are not at fair
value through profit or loss, are adjusted to the fair value on initial recognition.

a) Financial assets carried at amortized cost (AC)

A financial asset is measured at amortized cost if it is held within a business model whose objective is to
hold the asset in order to collect contractual cash flows and the 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.

b) Financial assets at fair value through profit or loss (FVTPL)

A Financial asset which is not classified as AC or FVOCI are measured at FVTPL. A gain or loss on a
debt investment that is subsequently measured at fair value through profit or loss is recognised in profit
or loss and presented net in the Statement of Profit and Loss within other gains/(losses) in the period in
which it arises.

c) Financial assets at fair value through other comprehensive income (FVTOCI)

A financial asset is measured at FVTOCI if it is held within a business model whose Objective is achieved
by both collecting contractual cash flows and selling financial assets and the 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.

B. Investments in subsidiaries

The Company has accounted for its investments in subsidiaries at cost and not adjusted to fair value at
the end of each reporting period. Cost represents amount paid for acquisition of the said investments.

ii. Financial Liabilities

A. Initial recognition

All financial liabilities are recognized at fair value.

B. Subsequent measurement

Financial liabilities are carried at amortized cost using the effective interest method. For trade and other
payables maturing within one year from the balance sheet date, the carrying amounts approximate fair
value due to the short maturity of these instruments.

2.16 Exceptional Items

Exceptional items refer to items of income or expense, including tax items, within the statement of profit
and loss from ordinary activities which are non-recurring and are of such size, nature or incidence that
their separate disclosure is considered necessary to explain the performance of the Company.

2.16 New standards and interpretations not yet Adopted

Ministry of Corporate Affairs ("MCA") notifies new standards or amendments to the existing standards
under Companies (Indian Accounting Standards) Rules as issued from time to time. MCA has notified
following amendments:

Ind AS - 117 Insurance Contracts and amendments to Ind AS 116 - Leases, relating to sale and
leaseback transactions, applicable to the Company w.e.f. April 01, 2024. The Company has reviewed
the new pronouncements and based on its evaluation has determined that it does not have any
significant impact on its financial statements.

Ind AS 21 The Effects of Changes in Foreign Exchange Rates to specify how an entity should assess
whether a currency is exchangeable and how it should determine a spot exchange rate when
exchangeability is lacking. The amendments also require disclosure of information to enable understand
the impact on the entity''s financial performance, financial position and cash flows. The amendments are
effective for annual reporting periods beginning on or after April 01, 2025. When applying the
amendments, an entity cannot restate comparative information. The Company has reviewed the new
pronouncements and based on its evaluation has determined that it does not have any significant impact
on its financial statements.

As per our report of even date For and on behalf of the Board of Directors of

For A.M.REDDY & D.R.REDDY OXYGENTA PHARMACEUTICAL LIMITED

Chartered Accountants CIN: L24110TG1990PLC012038

ICAI Firm Registration No: 009068S

Sd/-

D. Rama Krishna Reddy g^_ g^_

^Partne^r Dr v Sai Sudhakar Dolly Mandhan

^MDiN^{b e}2^rfs20^p9^N1^o1.B²M⁰J^OQ1517 ^{Managing Director} & ^{CFO Company Secretory}

Place: Hyderabad
Date: 30th May, 2025

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Mar 31, 2024

Basic EPS amounts are calculated by dividing the profit for the year attributable to equity holders by the weighted average number of equity shares outstanding during the year.Diluted EPS amounts are calculated by dividing the profit attributable to equity holders by the weighted average number of equity shares outstanding during the year plus the weighted average number of equity shares that would be issued on conversion of all the dilutive potential equity shares into equity Shares.

Notes to financial statements for the year ended
(All amounts in Laksh except for share data or otherwise stated)		(Amount in Lakhs)
Particulars	As At 31.03.2024	As At 31.03.2023
NOTE - 28 Contingent liabilities and commitments i) Contingent liabilities:
Exported obligation	-	-
Claims not acknowledged as debts	-	-
ii) Commitments: - Estimated amount of contracts remaining to be executed on capital account and not provided for, net of advances

NOTE - 30

Segment information - Since the company is operating in one reportable segment, hence Segment reporting is not applicabl NOTE - 31

Previous year’s figures have been regrouped/reclassified wherever necessary, to confirm to current period’s classification in order to comply with the requirements of the amended Schedule III to the Companies Act, 2013 effective 1st April, 2021. NOTE - 32

Capital management

For the purpose of the Company’s capital management, capital includes issued equity capital, share premium and all other equityreserves attributable to the equity holders. The primary objective of the Company’s capital management is to maximise the shareholder value.

The Company manages its capital structure in consideration to the changes in economic conditions and the requirements of the financial covenants. The Company monitors capital using a gearing ratio, which is net debt divided by total equity. The Company includes within net debt, borrowings including interest accrued on borrowings less cash and short-term deposits.

In order to achieve this overall objective, the Company’s capital management, amongst other things, aims to ensure that it meetsfinancial covenants attached to the interest-bearing loans and borrowings that define capital structure requirements. Breaches in meeting the financial covenants would permit the bank to immediately call loans and borrowings. There have been no breaches in the financial covenants of any interest-bearing loans and borrowing in the current year.

No changes were made in the objectives, policies or processes for managing capital during the year ended March 31,2024 Other statutory information

i) The Company has not been sanctioned working capital limits in excess of five crore rupees, in aggregate, from banks or financial institutions on the basis of security of current assets at any point of time during the year.

ii) Proposed Dividend

There are no proposed dividends for the year.

iii) Proceedings under the Benami Transactions (Prohibition) Act, 1988 (45 of 1988) and rules made thereunder

There are no proceedings initiated or pending against the company for holding any benami property under the Benami Transactions (Prohibition)Act, 1988 (45 of 1988) and the rules made thereunder.

iv) Borrowings on Security of current assets

The Company has not been sanctioned working capital limits from banks or financial institutions on the basis of security of current assets a any point of time during the year.

v) Wilful Defaulter

The Company is not declared as wilful defaulter by any bank or financial institution or other lender, during the year.

vi) Relationship with Struck off Companies

The Company did not have any transactions with companies struck off under section 248 of the Companies Act, 2013 or section 560 of Companies Act, 1956, for the year considering the information available with the Company.

vii) Registration of charges or satisfaction with Registrar of Companies

The Company has not been sanctioned any loans from banks or financial institutions on the basis of security of current assets a any point of time during the year. Hence reporting is not applicable for the year under consideration.

viii) Compliance with number of layers of companies

The Company do not have any parent Company and accordingly, compliance with the number of layers prescribed under clause (87) of section 2 of the Act read with Companies (Restriction on number of Layers) Rules, 2017, is not applicable for the year under consideration.

ix) Compliance with approved Scheme(s) of Arrangements

There are no Scheme of Arrangements approved by the Competent Authority in terms of sections 230 to 237 of the Companies Act, 2013, during the year.

x) Utilisation of Borrowed funds and share premium

(A) 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 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.

(B) The company has also not received any fund from any person(s) or entity(ies), including foreign entities (Funding Party) with the understanding (whether recorded in writing or otherwise) that the company shall (i) directly or indirectly lend or invest in other persons or entities identified in any manner whatsoever by or on behalf of the Funding Party (Ultimate Beneficiaries) or (ii) provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries.

xi) Loans or Advances in the nature of loans are granted to promoters, directors, KMPs and the related parties

The Company has not granted any loan or advance in the nature of loan to promoters, directors, KMPs and other related parties that are repayable on demand or without specifying any terms or period of repayment.

xii) Details of Crypto Currency or Virtual Currency

The Company did not trade or invest in Crypto currency or Virtual Currency during the financial year. Hence disclosures relating to it are not applicable.

xiii) Undisclosed income

The Company do not have any transactions which are not recorded in the books of accounts that has been surrendered or disclosed as income in the tax assessments under the Income Tax Act, 1961 during any of the years.

xiv) Issue of Securities

The Company has issued securities under the provisions of Sec 42 and Sec 62 of the Companies Act, 2013.

xv) Realization of assets otherthan PPE, Intangibles and Non-Current Investments

The Company do not have a value on realization in the ordinary course of business lesser than theamount at which they are stated.

36. Employee Benefits Gratuity benefits

In accordance with applicable laws, the Company has a defined benefit plan that provides for gratuity payments (the “Gratuity Plan”) and covers certain categories of employees in India. The Gratuity Plan provides a lump sum gratuity payment to eligible employees at retirement or termination of their employment. The amount of the payment is based on the respective employee’s last drawn salary and the years of employment with the Company. Liabilities in respect of the Gratuity Plan.

The Company has covered its gratuity liability according to the IND AS. The benefits are determined and carried out at each Balance Sheet date. On remeasurement of the defined benefit plan gratuity the other comprehensive gain has recognized Rs. 7.1 Lakh rupees and the gratuity provision has recognized in the balance sheet Rs. 52.30 Lakh rupees.

Contribution to Provident Fund

The employees of the Company receive benefits from a provident fund, a defined contribution plan. Both the employee and employer each make monthly contributions to a government-administered fund equal to 12% of the covered employee’s qualifying salary. The Company has no further obligations under the plan beyond its monthly contributions. The Company contributed Rs. 15.34 lakhs to the provident fund plan during the year ended 31^st March 2024.

The management assessed that cash and cash equivalents, trade receivables, trade payables and other current liabilities approximate their carrying amounts largely due to the short-term maturities of these instruments. Further, the management has assessed that fair value of borrowings approximate their carrying amounts largely since they are carried at floating rate of interest.

The fair value of the financial assets and liabilities is included at the amount at which the instrument could be exchanged in a current transaction between willing parties, other than in a forced or liquidation sale.

a. Fair Value Measurements:

i) Fair Value hierarchy

Financial assets and financial liabilities measured at fair value in the statement of financial position are grouped into three levels of a fair value hierarchy. The three levels are defined based on the observability of significant input to the measurement, as follows:

Level 1: Quoted prices (unadjusted) in active markets for financial instruments.

Level 2: The fair value of financial instruments that are not traded in and active market is determined using valuation techniques which maximize the use of observable market date rely as little as possible on entity specific estimates.

Level 3: If one or more of the significant inputs is not based on observable market data, the instrument is included in level 3.

The Company’s principal financial liabilities comprise loans and borrowings, trade and other payable. 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, and cash and cash equivalents that derive directly from its operations. The Company also holds FVTPL investments and investments in its associates.

The Company is exposed to market risk, credit risk and liquidity risk. The Company’s Board of Directors oversee the management of these risks. The company’s Board of Directors is supported by the senior management that advises on financial risks and the appropriate financial risk governance framework for the Company. The senior management provides assurance to the Company’s board of directors that the company’s financial risk activities are governed by appropriate policies and procedures and that financial risks are identified, measured and managed in accordance with the Company’s policies and risk objectives.

The Carrying amounts reported in the statement of financial position for cash and cash equivalents, trade and other receivables. Trade and other payables and other liabilities approximate their respective fair values due to their short maturity.

40. Balance Confirmations:

Confirmations of receivables and payable balances have not been received by the Company, hence, reliance is placed on the balances as per books. In the opinion of the management, the amounts are realizable /payable in the ordinary course of business.

41. Financial Risk Management

In course of its business, the company is exposed to certain financial risk such as market risk (Including currency risk and other price risks), credit risk and liquidity risk that could have significant influence on the company’s business and operational/financial performance. The Board of directors reviews and approves risk management framework and policies for managing these risks and monitor suitable mitigating actions taken by the management to minimize potential adverse effects and achieve greater predictability to earnings.

42. Credit risk

Credit risk refers to the risk that counterparty will default on its contractual obligations resulting in financial loss to the company. The company has adopted a policy of only dealing with creditworthy counterparties and obtaining sufficient collateral, where appropriate, a means of mitigating the risk of financial loss from defaults. The company makes an allowance for doubtful debts/advances using the expected credit loss model.

43. Liquidity risk

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 pre-requirements. The Company’s exposure to liquidity risk is minimal. _

44. Market Risk

Market risk is the risk that changes in market prices, such as foreign exchanges rates, interest rate And equity prices, which will affect the company’s income of the value of its holdings of financial Instruments. The objective of market risk management is to manage and control market risk exposures within acceptable parameters, while optimizing the return.

a) Interest Rate Risk

Interest risk is the risk that the fair value or future cash flows of a financial instrument will fluctuate Because of changes in market interest rates. The company has exposure only to financial instruments at fixed interest rates. Hence, the company is not exposed to significant interest rate Risk.

b) Price Risk

The company’s exposure to equity securities price risk arises from investments held by the company and classified in the balance sheet either at fair value through OCI or at fair value through profit and loss. The majority of the company’s equity instruments are publicly traded.

45. Standards Issued But Not Effective

The Code on Social Security, 2020 (‘Code’) relating to employee benefits during employment and post-employment benefits received Presidential assent in September 2020. The Code has been published in the Gazette of India. However, the date on which the Code will come into effect has not been notified. Company will assess the impact of the Code when it comes into effect and will record any related impact in the period the Code becomes effective.

As at the date of issue of financial statements, there are no new standards or amendments which have been notified by the MCA but not yet adopted by the Company. Hence, the disclosure is not applicable.

46. Other Statutory Information:

i. The Company does not have any Benami property, where any proceeding has been initiated or pending against the Group for holding any Benami property.

ii. The Company does not have any transactions with companies struck off.

iii. The Company does not have any charges or satisfaction which is yet to be registered with ROC beyond the statutory period.

iv. The Company has not traded or invested in Crypto currency or Virtual Currency during the financial year.

v. The Company has not been declared wilful defaulter by any bank or financial institution or government or any government authority.

vi. The Company has not advanced or loaned or invested funds to any other person(s) or entity(ies), including foreign entities (Intermediaries) with the understanding that the Intermediary shall:

(a) 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

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

vii. The Company has not received any fund from any person(s) or entity(ies), including foreign entities (Funding Party) with the understanding (whether recorded in writing or otherwise) that the Group shall:

(a) directly or indirectly lend or invest in other persons or entities identified in any manner whatsoever by or on behalf of the Funding Party (Ultimate Beneficiaries) or

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

viii. The Company has not any such transaction which is not recorded in the books of account 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).

47. Previous year’s figures have been regrouped/reclassified wherever necessary, to conform to the current period’s classification in order to comply with the requirements of the amended Schedule III to the Companies Act, 2013 effective 1st April 2021.

Dues to Micro and Small Enterprises have been determined to the extent such parties have been identified on the basis of information collected by the Management. This has been relied upon by the auditors.

49. The deferred tax has not been calculated on the company’s losses, nor on the provisions for gratuity and leave encashment recorded in the books of accounts. Upon calculation, it was observed that these factors are reducing the company’s losses for the year.

50. The company has received the GST Assessment Order for the financial year 2017-18, indicating a GST liability of INR 60.01. The company has accepted liability for INR 18.70 and has filed an appeal with the Appellate Authority regarding the disputed balance of INR 41.31.

51. The advance of INR 41.97 lakhs, which was granted to Sangari Kondal Reddy in the previous year, did not accrue any interest from the company throughout the current year.

52. The company has received a demand notice from the Provident Fund Commissioner for ¹ 48.54 lakhs under Sections 14B and 7Q of the Employees’ Provident Funds and Miscellaneous Provisions Act, 1952. This notice pertains to damages and interest charges for the late payment and filing of provident fund contributions. The company has acknowledged the liability and made a partial payment of 1 25.77 lakhs towards the demand during the year.

53. The closing balances of trade receivables, trade payables, and loans and advances are subject to confirmation from the respective parties, and the auditors rely on the information provided by management.

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Mar 31, 2023

5.1 Provisions

A provision is recognized if, as a result of a past event, the Company has a present legal or constructive obligation that can be estimated reliably, and it is probable that an outflow of economic benefits will be required to settle the obligation. If the effect of the time value of money is material, provisions are determined by discounting the expected future cash flows at a pre-tax rate that reflects current market assessments of the time value of money and the risks specific to the liability. Where discounting is used, the increase in the provision due to the passage of time is recognized as a finance cost.

5.2 Contingent liabilities & contingent assets

A disclosure for a contingent liability is made when there is a possible obligation or a present obligation that may, but probably will not, require an outflow of resources. Where there is a possible obligation or a present obligation in respect of which the likelihood of outflow of resources is remote, no provision or disclosure is made. Contingent assets are not recognised in the financial statements. However, contingent assets are assessed continually and if it is virtually certain that an inflow of economic benefits will arise, the asset and related income are recognised in the period in which the change occurs.

5.3 Financial instruments

a. Recognition and Initial recognitionThe Company recognizes financial assets and financial liabilities when it becomes a party to the contractual provisions of the instrument. All financial assets and liabilities are recognized at fair value on initial recognition, except for trade receivables which are initially measured at transaction price. Transaction costs that are directly attributable to the acquisition or issues of financial assets and financial liabilities that are not at fair value through profit or loss, are added to the fair value on initial recognition. A financial asset or financial liability is initially measured at fair value plus, for an item not at fair value through profit and loss (FVTPL), transaction costs that are directly attributable to its acquisition or issue.

b. Classification and Subsequent measurementFinancial assets:On initial recognition, a financial asset is classified as measured at- amortised cost;- FVTPL

Financial assets are not reclassified subsequent to their initial recognition, except if and in the period the Company changes its business model for managing financial assets.A financial asset is measured at amortised cost if it meets both of the following conditions and is not designated as at FVTPL:- the asset is held within a business model whose objective is to hold assets to collect contractual cash flows; and - the 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.

All financial assets not classified as measured at amortised cost as described above are measured at FVTPL. On initial recognition, the Company may irrevocably designate a financial asset that otherwise meets the requirements to be measured at amortised cost at FVTPL if doing so eliminates or significantly reduces an accounting mismatch that would otherwise arise.Financial assets: Business model assessment

The Company makes an assessment of the objective of the business model in which a financial asset is held at a portfolio level because this best reflects the way the business is managed and information is provided to management. The information considered includes:- the stated policies and objectives for the portfolio and the operation of those policies in practice. These include whether management’s strategy focuses on earning contractual interest income, maintaining a particular interest rate profile, matching the duration of the financial assets to the duration of any related liabilities or expected cash outflows or realising cash flows through the sale of the assets;- how the performance of the portfolio is evaluated and reported to the Company’s management;- the risks that affect the performance of the business model (and the financial assets held within that business model) and how those risks are managed; -how managers of the business are compensated - e.g. whether compensation is based on the fair value of the

assets managed or the contractual cash flows collected; and- the frequency, volume and timing of sales of financial assets in prior periods, the reasons for such sales and expectations about future sales activity.

Transfers of financial assets to third parties in transactions that do not qualify for derecognition are not considered sales for this purpose, consistent with the Company’s continuing recognition of the assets. Financial assets that are held for trading or are managed and whose performance is evaluated on a fair value basis are measured at FVTPL.Financial assets: Assessment whether contractual cash flows are solely payments of principal and interest

For the purposes of this assessment, ‘principal’ is defined as the fair value of the financial asset on initial recognition. ‘Interest’ is defined as consideration for the time value of money and for the credit risk associated with the principal amount outstanding during a particular period of time and for other basic lending risks and costs (e.g. liquidity risk and administrative costs), as well as a profit margin.

In assessing whether the contractual cash flows are solely payments of principal and interest, the Company considers the contractual terms of the instrument. This includes assessing whether the financial asset contains a contractual term that could change the timing or amount of contractual cash flows such that it would not meet this condition. In making this assessment, the Company considers:- contingent events that would change the amount or timing of cash flows;- terms that may adjust the contractual coupon rate, including variable interest rate features;- prepayment and extension features; and- terms that limit the Company’s claim to cash flows from specified assets (e.g. non recourse features).

A prepayment feature is consistent with the solely payments of principal and interest criterion if the prepayment amount substantially represents unpaid amounts of principal and interest on the principal amount outstanding, which may include reasonable additional compensation for early termination of the contract. Additionally, for a financial asset acquired at a significant discount or premium to its contractual par amount, a feature that permits or requires prepayment at an amount that substantially represents the contractual par amount plus accrued (but unpaid) contractual interest (which may also include reasonable additional compensation for early termination) is treated as consistent with this criterion if the fair value of the prepayment feature is insignificant at initial recognition.

Financial assets: Subsequent measurement and gains and losses

Financial assets at FVTPL: These assets are subsequently measured at fair value. Net gains and losses, including any interest or dividend income, are recognised in profit or loss.

Financial assets at amortised cost: These assets are subsequently measured at amortised cost using the effective interest method. The amortised cost is reduced by impairment losses. Interest income, foreign exchange gains and losses and impairment are recognised in profit or loss. Any gain or loss on derecognition is recognised in profit or loss.

Financial liabilities: Classification, Subsequent measurement and gains and lossesFinancial liabilities are classified as measured at amortised cost or FVTPL. A financial liability is classified as at FVTPL if it is classified as held for trading, or it is a derivative or it is designated as such on initial recognition. Financial liabilities at FVTPL are measured at fair value and net gains and losses, including any interest expense, are recognised in profit or loss. Other financial liabilities are subsequently measured at amortised cost using the effective interest method. Interest expense and foreign exchange gains and losses are recognised in profit or loss. Any gain or loss on derecognition is also recognised in profit or loss.

c. DerecognitionFinancial assetsThe Company derecognises a financial asset when the contractual rights to the cash flows from the financial asset expire, or it transfers the rights to receive the contractual cash flows in a transaction in which substantially all of the risks and rewards of ownership of the financial asset are transferred or in which the Company neither transfers nor retains substantially all of the risks and rewards of ownership and does not retain control of the financial asset.

If the Company enters into transactions whereby it transfers assets recognised on its balance sheet, but retains either all or substantially all of the risks and rewards of the transferred assets, the transferred assets are not derecognised.

Financial liabilitiesThe Company derecognises a financial liability when its contractual obligations are discharged or cancelled, or expire.

The Company also derecognises a financial liability when its terms are modified and the cash flows under the modified terms are substantially different. In this case, a new financial liability based on the modified terms is recognised at fair value. The difference between the carrying amount of the financial liability extinguished and the new financial liability with modified terms is recognised in profit

d. OffsettingFinancial assets and financial liabilities are offset and the net amount presented in the balance sheet when and only when, the Company currently has a legally enforceable right to set off the amounts and it intends either to settle them on a net basis or to realise the asset and settle the liability simultaneously.

e. ImpairmentThe Company recognises loss allowances for expected credit losses on financial assets measured at amortised cost; At each reporting date, the Company assesses whether financial assets carried at amortised cost and debt securities at fair value through other comprehensive income (FVOCI) are credit impaired. A financial asset is ‘credit impaired’ when one or more events that have a detrimental impact on the estimated future cash flows of the financial asset have occurred.

Evidence that a financial asset is credit impaired includes the following observable data:- significant financial difficulty of the borrower or issuer;- the restructuring of a loan or advance by the Company on terms that the Company would not consider otherwise;- it is probable that the borrower will enter bankruptcy or other financial reorganisation; or- the disappearance of an active market for a security because of financial difficulties.

The Company measures loss allowances at an amount equal to lifetime expected credit losses, except for the following, which are measured as 12 month expected credit losses:- debt securities that are determined to have low credit risk at the reporting date; and- other debt securities and bank balances for which credit risk (i.e. the risk of default occurring over the expected life of the financial instrument) has not increased significantly since initial recognition.

Loss allowances for trade receivables are always measured at an amount equal to lifetime expected credit losses.Lifetime expected credit losses are the expected credit losses that result from all possible default events over the expected life of a financial instrument.12-month expected credit losses are the portion of expected credit losses that result from default events that are possible within 12 months after the reporting date (or a shorter period if the expected life of the instrument is less than 12 months).

In all cases, the maximum period considered when estimating expected credit losses is the maximum contractual period over which the Company is exposed to credit risk.

When determining whether the credit risk of a financial asset has increased significantly since initial recognition and when estimating expected credit losses, the Company considers reasonable and supportable information that is relevant and available without undue cost or effort. This includes both quantitative and qualitative information and analysis, based on the Company’s historical experience and informed credit assessment and including forward looking information.

Measurement of expected credit lossesExpected credit losses are a probability weighted estimate of credit losses. Credit losses are measured as the present value of all cash shortfalls (i.e. the difference between the cash flows due to the Company in accordance with the contract and the cash flows that the Company expects to receive).Presentation of allowance for expected credit losses in the balance sheetLoss allowances for financial assets measured at amortised cost are deducted from the gross carrying amount of the assets.

Write-offThe gross carrying amount of a financial asset is written off (either partially or in full) to the extent that there is no realistic prospect of recovery. This is generally the case when the Company determines that the trade receivable does not have assets or sources of income that could generate sufficient cash flows to repay the amounts subject to the write off. However, financial assets that are written off could still be subject to enforcement activities in order to comply with the Company’s procedures for recovery of amounts due.

NOTE - 30

Segment information - Since the company is operating in one reportable segment, hence Segment reporting is not applicable NOTE - 31

Previous year’s figures have been regrouped/reclassified wherever necessary, to confirm to current period’s classification in order to comply with the requirements of the amended Schedule III to the Companies Act, 2013 effective 1st April, 2021.

Other statutory information

i) The Company has been sanctioned working capital limits in excess of five crore rupees, in aggregate, from banks or financial institutions on the basis of security of current assets during the year.

ii) Proposed Dividend

There are no proposed dividends for the year.

iii) Proceedings under the Benami Transactions (Prohibition) Act, 1988 (45 of 1988) and rules made thereunder

There are no proceedings initiated or pending against the company for holding any benami property under the Benami Transactions (Prohibition)Act, 1988 (45 of 1988) and the rules made thereunder.

iv) Borrowings on Security of current assets

The Company has been sanctioned working capital limits from banks or financial institutions on the basis of security of current assets during the year.

v) Wilful Defaulter

The Company is not declared as wilful defaulter by any bank or financial institution or other lender, during the year.

vi) Relationship with Struck off Companies

The Company did not have any transactions with companies struck off under section 248 of the Companies Act, 2013 or section 560 of Companies Act, 1956, for the year considering the information available with the Company.

vii) Registration of charges or satisfaction with Registrar of Companies

Registration, Modification / Satisfaction, as the case may be, of charges relating to the year under review, had been filed with the Registrar of Companies, within the prescribed time or within the extended time requiring the payment of additional fees.

viii) Compliance with number of layers of companies

The Company do not have any parent Company and accordingly, compliance with the number of layers prescribed under clause (87) of section 2 of the Act read with Companies (Restriction on number of Layers) Rules, 2017, is not applicable for the year under consideration.

ix) Compliance with approved Scheme(s) of Arrangements

There are no Scheme of Arrangements approved by the Competent Authority in terms of sections 230 to 237 of the Companies Act, 2013, during the year.

x) Utilisation of Borrowed funds and share premium

(A) 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 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.

(B) The company has also not received any fund from any person(s) or entity(ies), including foreign entities (Funding Party) with the understanding (whether recorded in writing or otherwise) that the company shall (i) directly or indirectly lend or invest in other persons or entities identified in any manner whatsoever by or on behalf of the Funding Party (Ultimate Beneficiaries) or (ii) provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries.

xi) Loans or Advances in the nature of loans are granted to promoters, directors, KMPs and the related parties

The Company has not granted any loan or advance in the nature of loan to promoters, directors, KMPs and other related parties that are repayable on demand or without specifying any terms or period of repayment.

xii) Details of Crypto Currency or Virtual Currency

The Company did not trade or invest in Crypto currency or Virtual Currency during the financial year. Hence disclosures relating to it are not applicable.

xiii) Undisclosed income

The Company do not have any transactions which are not recorded in the books of accounts that has been surrendered or disclosed as income in the tax assessments under the Income Tax Act, 1961 during any of the years.

xiv) Issue of Securities

The Company has not issued securities under the provisions of Sec 42 and Sec 62 of the Companies Act, 2013.

xv) Realization of assets otherthan PPE, Intangibles and Non-Current Investments

The Company do not have a value on realization in the ordinary course of business lesser than theamount at which they are stated.

As per our report of even date

for Gowri Shankar & Associates for and on behalf of the Board of Directors of

Chartered Accountants Oxygenta Pharmaceutical Limited

Firm Registration No:015625S (Formerly Known as SS Organics Limited)

CIN: L24110TG1990PLC012038

Sd/- Sd/- Sd/-

Gowri Shankar Seshapu Dr V Sai Sudhakar Verendra Babu R

Partner Managing Director & CFO Company Secretory

Membership No.: 234732 UDIN: 23234732BGQERH4035

Place: Hyderabad Date: 30th May, 2023

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Mar 31, 2015

1. Terms/rights attached to Equity shares

(i). The Company has only one class of equity shares having a par value of Rs.10 per share. Each holder of Equity shares is entitled to to one vote per share.

(ii). In the event of liquidation of the company,the holder of equity shares will be entitled to receive remaining assets of the company, after distribution of all preferential amounts. The distribution will be in proportion to the number of equity shares held by the shareholders.

2. The Deposits - ICD from Aurobindo Pharma Ltd are Secured by Hypothecation of Movable Fixed assets of the company.

3. "The Company has taken interest free unsecured loans from directors and the relatives. Since the company is sick industry and registered with Hon'ble Board for Industrial Financial Reconstruction as case No. 91/97, Company has accepted deposits from Directors and their relatives.

Based on the BIFR Scheme, Company has obtained interest free loans from the directors. Post approval of the BIFR Scheme, Unsecured loans will be converted into Equity."

4. In the absence of the information about the "Small scale industrial undertakings" status of its Sundry Creditors, at present the Management is unable to quantify the amounts due to Small scale industrial undertakings exceeding rupees one lakh which is outstanding for more than 30 days.

5. "a. A major fire accident was broke out on 07-Jan-2015, resulting into damage of Fixed assets of the company Management and the Insurance company is in the process of evaluating the loss occurred due to fire.

6. Actual outcome of the Insurance claim is not ascertained and due to lack of information loss could not be recognised in the current financial year 2014-15. On actual receipt of the claim, loss or profit if any, will be accounted.

7. CONTINGENT LIABILITIES:

Particulars As at As at 31st March, 15 31st March, 14

(i) Estimated Amount of Contracts Remaining to be executed on Capital account and not provided for 0.00 0.00

(ii) Exported obligation 70, 00,000 70, 00,000

(iii) Claims not acknowledged as debts 92,34,353 76,14,970

8. As per accounting standards 18, the disclosures of transactions with the related parties are given below:

9. List of related parties where control exists (KMP) with whom transactions have taken place

Sl. No Name of the Related Party Nature of Relationship

1 V N Sunanda Reddy Key Management Personnel

2 Dr. V Sai Sudhakar Key Management Personnel

3 V Gowtham Reddy Son of VN Sunanda Reddy

4 V Sumanth Simha Son of Dr. V Sai Sudhakar

*Previous year's figures have been regrouped, recast and reclassified where ever necessary to conform to the current year's classification.

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Mar 31, 2014

1.1 The Deposits - ICD from Aurobindo Phrama Limited are Secured by Hypothecation of Movable Fixed Assets of the Company.

1.2 The Company has taken interest free unsecured loans from directors aggregating Rs. 5,04,44,219/- and Rs. 2,82,95,885/- from relatives of the directors. Since the Company was sick industrial Company and registered with Hon''ble Board for Industrial and Financial Reconstruction as case No. 91/97, Company has accepted deposits from Directors and their relatives to meet its financial commitments.

2.1 In the absence of the information about the "Small scale industrial undertakings" status of its Sundry Creditors, at present the management is unable to quantify the amounts due to small scale industrial undertakings exceeding rupees one lakh which is outstanding for more than 30 days.

b). CONTINGENT LIABILITIES:

As at As at Particulars 31st March, 14 31st March, 13

(i) Estimated Amount of Contracts Remaining Rs. Rs. to be executed on Capital account and not provided for 0.00 0.00

(ii) Exported obligation 70,00,000 70,00,000

(iii) Claims not acknowledged as debts 76,14,970 76,14,970

c). As per accounting standards 18, the disclosure of transactions with the related parties are given below: (i). List of related parties where control exists (KMP) with whom transactions have taken place

Sl. No Name of the Related Party Nature of Relationship

1 V. N. Sunanda Reddy Key Management Personnel

2 Dr. V. Sai Sudhakar Key Management Personnel

3 Dr. Jhansi Rani Venkineni Wife of Dr. Sai Sudhakar .V

4 V. Gowtham Reddy Son of V.N. Sunanda Reddy

5 V. Sumanth Simha Son of Dr. V. Sai Sudhakar

6 V. Snigdha Daughter of Dr. V. Sai Sudhakar

* Previous year''s figures have been regrouped, recost and reclassified where ever necessary to confirm to the current year''s classification.

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Mar 31, 2013

Note No. 1. Additional Information to the Financial Statements:

a). Due to Deadlock in the Management of the company during the F.Y. 2006-07, at present No statutory records pertaining to PF, ESI, Secretarial records etc, are available in the company for the F.Y:2012-13.

b). Deposits, Loans and advances, inoperative bank accounts, unsecured loans and sundry creditors are subject to confirmation and reconciliation. However necessary action in this regard is already initiated. Pending confirmation/ reconciliation and review by the Company, consequential adjustments arising thereon, if any are presently are not ascertainable.

c). CONTINGENT LIABILITIES:

As at As at

Particulars 31st March, 13 31st March, 12

(i) Estimated Amount of Contracts Remaining Rs. Rs. to be executed on Capital account and not provided for 0.00 0.00

(ii) Exported obligation 70,00,000 70,00,000

(iii) Claims not acknowledged as debts 76,14,970 76,14,970

i). During the Current Financial Year, The company has not provided for Depreciation on its fixed assets and not made any Revenue from its Operations and declared any dividend, since the company is sick company under the preview of BIFR. Therefore if the depreciation would have been provided then the Loss after depreciation and tax would be increased to Rs. 2,63,45,0911-

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Mar 31, 2012

A. Terms / rights attached to Equity shares

(i). The Company has only one classe of equity shares having a par value of Rs. 10 per share. Each holder of Equity shares is entitled to to one vote per share.

(ii). In the event of liquidation of the company, the holder of equity shares will be entitled to receive remaining assets of the '' company, after disttibution of all preferntial amounts. The distribution will be in proportion to the number of equity shares held by the shareholders.

1.1 The Deposits - ICD from Aurobindo Phrama Limited are Secured by Hypothecation of Movable Fixed assets of the company

1.2 The Company has taken interest free unsecured loans agrregaring Rs. 71,10,591 & Rs. 1,12,97864/-from others parties

2.1 In the absence of the information about the "Small scale industrial undertakings" status of its Sundry Creditors, at present the Management is unable to quantify the amounts due to Smal scale industrial undertakings exceeding rupees one lakh which is outstanding for more than 30 days.

3.1 Other Payables consists of Amounts payable towards Tds, Sales tax, Excise duty, Professional tax, ESI etc

4.1 During the Current Financial Year, since the Employee statutory records are not traceable. The Management has not provided for Gratuity and Leave encashment, as per Actuarial valuation as per Accounting Standard -15. The salaries and wages which were paid in part to the Employees are recognized as Staff salary and advances, since the salaries and wages are not provided for full value in Books of accounts due to Court pending case. Hence Employee Statutory obligations like PF, ESI, Professional tax are also not provided for in the books of accounts.

4.2 Others includes Provison for Fringe Benefit Tax

5.1 Investments consists of 49,390 Equity shares in M/s Pattancheru Enviro-Tech Ltd of Rs. 10/- each

6.1 Amount paid to the Central Excise Department, consequent to Search Proceedings carried out by the said depart ment. The said payment is to meet the liability, if any, to the department. Pending outcome of the said proceedings, the payment is reflected as loans and advances in these accounts

7.1 The Management is in the process of Confirmation and reconciliation of balances of sundry debtors at the end of the year. Pending confirmation of balances and reconciliation of the debtors and the consequent impact on the profits/ Losses is not ascertained. a) Due to Deadlock in the Management of the company during the FY: 2006-07, at present No statutory records pertaining to Finance, Central Excise, sales and purchases, Commercial Taxes, PF, ESI, Secretarial records etc, are available in the company for the FY : 2011-12.

b). Deposits, Loans and advances, inoperative bank accounts, unsecured loans and sundry creditors are subject to confir- mation and reconciliation. However necessary action in this regard is already initiated. Pending confirmation/reconcilia- tion and review by the Company, consequential adjustments arising thereon, if any are presently are not ascertainable.

a). During the Current Financial Year, the company has not provided for depreciation on its fixed assets, since the company is not a going concern as on 31s March 2012. Depreciation has been provided in books of accounts, the loss after tax will be increased by Rs. 1,19,98,130/-

b). 28 cases are pending against the company as on 31st March 2012.

c). Figures for the previous period have been regrouped and reclassified wherever necessary to be in conformity with the current period.

d). The Revised Schedule VI has become effective from 1 April, 2011 for the preparation of financial statements. This has significantly impacted the disclosure and presentation made in the financial statements Previous year''s figures have been regrouped/ reclassfied wherever necessary to correspond with the current year''s classification / disclosure.

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Mar 31, 2011

1) Due to Deadlock in the Management of the company during the FY: 2006-07, at present No statutory records pertaining to Finance, Central Excise, sales and purchases, Commercial Taxes, PF, ESI, Secretarial records etc, are available in the company for the FY : 2010-11.

2) The Management is in the process of Confirmation and reconciliation of balances of sundry debtors at the end of the year. Pending confirmation of balances and reconciliation of the debtors and the consequent impact on the Profits/ Losses is not ascertained.

3) During the Current Financial Year, since the Employee statutory records are not traceable, the Management has not provided for Gratuity and Leave encashment as per Actuarial valuation as per Accounting Standard -15. The salaries and wages which were paid in part to the Employees are recognized as Staff salary and advances, since the salaries and wages are not provided for full value in Books of accounts due to Court pending case. Hence Employee Statutory obligations like PF, ESI, and Professional tax are also not provided for in the books of accounts.

4). Deposits, Loans and advances, inoperative bank accounts, unsecured loans and sundry creditors are subject to confir- mation and reconciliation. However necessary action in this regard is already initiated. Pending confirmation/reconcilia- tion and review by the Company, consequential adjustments arising thereon, if any are presently are not ascertainable.

5). In the absence of the information about the "Small scale industrial undertakings" status of its Sundry Creditors, at present the Management is unable to quantify the amounts due to Small scale industrial undertakings exceeding rupees one lakh which is outstanding for more than 30 days.

6). Leases:

The Company has no financial leases. Operating lease is in the nature of lease of office premises with no restrictions and is renewable at mutual concept.

7). FOREIGN EXCHANGE TRANSACTIONS:

Inflow- Nil Outflow - Nil

8). Loans and Advances includes amount paid to the Central Excise Department, consequent to Search Proceedings car ried out by the said department. The said payment is to meet the liability, if any, to the department. Pending outcome of the said proceedings, the payment is reflected as loans and advances in these accounts.

9). During the Current Financial Year, the company has not provided for depreciation on its fixed assets, since the company is not a going concern as on 318 March 2011 .Depreciation has been provided in books of accounts, the loss after tax will be increased by Rs. 1,11,43,944/- 15). 28 cases are pending against the company as on 31st March 2011.

10). Figures for the previous period have been regrouped and reclassified wherever necessary to be in conformity with the current period.

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Mar 31, 2010

1) Due to Deadlock in the Management of the company during the FY: 2006-07, at present No statutory records pertaining to Finance, Central Excise, sales and purchases, Commercial Taxes, PF, ESI, Secretarial records etc, are available in the company for the FY : 2009-10.

2) The Management is in the process of Confirmation and reconciliation of balances of sundry debtors at the end of the year. Pending confirmation of balances and reconciliation of the debtors and the consequent impact on the Profits/ Losses is not ascertained.

3) During the Current Financial Year, since the Employee statutory records are not traceable, the Management has not provided for Gratuity and Leave encashment as per Actuarial valuation as per Accounting Standard - 15. The salaries and wages which were paid in part to the Employees are recognized as Staff salary and advances, since the salaries and wages are not provided for full value in Books of accounts due to Court pending case. Hence Employee Statutory obligations like PF, ESI, and Professional tax are also not provided for in the books of accounts.

4). Deposits, Loans and advances, inoperative bank accounts, unsecured loans and sundry creditors are subject to confirmation and reconciliation. However necessary action in this regard is already initiated. Pending confirmation/reconciliation and review by the Company, consequential adjustments arising thereon, if any are presently are not ascertainable.

5). In the absence of the information about the "Small scale industrial undertakings" status of its Sundry Creditors, at present the Management is unable to quantify the amounts due to Small scale industrial undertakings exceeding rupees one lakh which is outstanding for more than 30 days.

6). Leases:

The Company has no financial leases. Operating lease is in the nature of lease of office premises with no restrictions and is renewable at mutual concept.

7). CONTINGENT LIABILITIES:

As at As at 31st March, 10 31st March, 09 Rs Rs

(i) Estimated Amount of Contracts Remaining to be executed on Capital account and not provided for 0.00 0.00

(ii) Exported obligation 70,00,000 70,00,000

(iii) Claims not acknowledged as debts 76,14,970 76,14,970

8). Loans and Advances includes amount paid to the Central Excise Department, consequent to Search Proceedings car ride out by the said department. The said payment is to meet the liability, if any, to the department. Pending outcome of the said proceedings, the payment is reflected as loans and advances in these accounts.

9). During the Current Financial Year, the company has not provided for depreciation on its fixed assets, since the company is not a going concern as on 31st March 2010.Depreciation has been provided in books of accounts, the loss after-tax will be increased by Rs. 1,11,93,852/- 15). 28 cases are pending against the company as on 31st March 2010.

10). Figures for the previous period have been regrouped and reclassified wherever necessary to be in conformity with the current period.

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Mar 31, 2009

1) Due to Deadlock in the Management of the company during the FY: 2006-07, at present No statutory records pertaining to Finance, Central Excise, sales and purchases, Commercial Taxes, PF, ESI, Secretarial records etc, are available in the company for the FY : 2008-09.

2) The Management is in the process of Confirmation and reconciliation of balances of sundry debtors at the end of the year. Pending confirmation of balances and reconciliation of the debtors and the consequent impact on the Profits/ Losses is not ascertained.

3) During the Current Financial Year, since the Employee statutory records are not traceable, the Management has not provided for Gratuity and Leave encashment as per Actuarial valuation as per Accounting Standard -15. The salaries and wages which were paid in part to the Employees are recognized as Staff salary and advances, since the salaries and wages are not provided for full value in Books of accounts due to Court pending case. Hence Employee Statutory obligations like PF, ESI, and Professional tax are also not provided for in the books of accounts.

4). Deposits, Loans and advances, inoperative bank accounts, unsecured loans and sundry creditors are subject to confir- mation and reconciliation. However necessary action in this regard is already initiated. Pending confirmation/reconcilia- tion and review by the Company, consequential adjustments arising thereon, if any are presently are not ascertainable.

5). In the absence of the information about the "Small scale industrial undertakings" status of its Sundry Creditors, at present the Management is unable to quantify the amounts due to Small scale industrial undertakings exceeding rupees one lakh which is outstanding for more than 30 days.

6). Leases:

The Company has no financial leases. Operating lease is in the nature of lease of office premises with no restrictions and is renewable at mutual concept.

7). FOREIGN EXCHANGE TRANSACTIONS :

Inflow - Nil

Outflow - Nil

8). Loans and Advances includes the amount paid to the Central Excise Department, consequent to Search Proceedings carried out by the said department. The said payment is to meet the liability, if any, to the department. Pending out come of the said proceedings, the payment is reflected as loans and advances in these accounts.

9). During the Current Financial Year, the company has not provided for depreciation on its fixed assets, since the company is not a going concern as on 31s March 2009. Depreciation has been provided in books of accounts, the loss aftertax will be increased by Rs. 1,17,08,475/- 15). 37 cases are pending against the company as on 31s'' March 2009.

10). Figures for the previous period have been regrouped and reclassified wherever necessary to be in conformity with the current period.

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Mar 31, 2008

1) Due to Deadlock in the Management of the company during the FY: 2006-07, at present No statutory records pertaining to Finance, Central Excise, sales and purchases, Commercial Taxes, PF, ESI, Secretarial records etc, are available in the company except the Sales tax returns for the FY : 2007-08.

2) The Management is in the process of Confirmation and reconciliation of balances of sundry debtors at the end ofthe year. Pending confirmation of balances and reconciliation of the debtors and the consequent impact on the Profits/Losses is not ascertained.

3) During the Current Financial Year, since the Employee statutory records are not traceable, the Management has provided for Gratuity and Leave encashment on estimated basis, instead of Actuarial valuation as per Accounting Standard - 15. The Management contributed its share towards PF and ESI in respect of Site Security wages only. The salaries and wages which were paid in part to the Employees are recognized as Staff salary and advances, since the salaries and wages are not provided for full value in Books of accounts due to Court pending case. Hence Employee Statutory obligations like PF, ESI, and Professional tax are also not provided for in the books of accounts.

4). Deposits, Loans and advances, inoperative bank accounts, unsecured loans and sundry creditors are subject to confir- mation and reconciliation. However necessary action in this regard is already initiated. Pending confirmation/reconcilia- tion and review by the Company, consequential adjustments arising thereon, if any are presently are not ascertainable.

5). In the absence ofthe information about the "Small scale industrial undertakings" status of its Sundry Creditors, at present the Management is unable to quantify the amounts due to Small scale industrial undertakings exceeding rupees one lakh which is outstanding for more than 30 days.

6). Leases :

The Company has no financial leases. Operating lease is in the nature of lease of office premises with no restrictions and is renewable at mutual concept.

7). Loans and Advances includes a sum of Rs. 15,00,000/- paid to the Central Excise Department, consequent to Search Proceedings carried out by the said department. The said payment is to meet the liability, if any, to the department. Pending outcome of the said proceedings, the payment is reflected as loans and advances in these accounts.

8). During the Current Financial Year, the company as not provided for depreciation on its fixed assets, since the company is not a going concern as on 31s March 2008. Depreciation has been provided in the books of accounts, the loss after tax will be increased by Rs. 1,27,52,939/- 16). 16 cases are against the company as on 31st March 2008.

9). Figures for the previous period have been regrouped and reclassified wherever necessary to be in conformity with the current period.

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Mar 31, 2007

1) Due to Deadlock in the Management of the company during the FY: 2006-07, at present No statutory records pertaining to Finance, Central Excise, sales and purchases, Commercial Taxes, PF, ESI, Secretarial records etc, are available in the company except the Sales tax returns for the FY : 2006-07 .

2) The Management is in the process of Confirmation and reconciliation of balances of sundry debtors at the end of the year. The management has recognized some of the debtors balances as Bad based on the age and recoverability of the debtors and the same was incorporated in financials. Pending confirmation of balances and reconciliation of the debtors and the consequent impact on the Profits/Losses is not ascertained.

3) During the Current Financial Year, since the Employee statutory records are not traceable, the Management has provided for Gratuity and Leave encashment on estimated basis, instead of Actuarial valuation as per Accounting Standard - 15. The Management contributed its share towards PF and ESI in respect of Site Security wages only. The salaries and wages which were paid in part to the Employees are recognized as Staff salary and advances, since the salaries and wages are not provided for full value in Books of accounts due to Court pending case. Hence Employee Statutory obligations like PF, ESI, and Professional tax are also not provided for in the books of accounts.

4) Due to Deadlock in the Management, the Present Management of the company is unable to ascertain the Inventory details as on 31st March 2007. Hence the Values for all those inventories are considered as Zero. The consequential impact resulting on the accounts is ascertained at present and effect was given to Profit and Loss statement under the heads "Raw materials Consumed" and (Increase)/Reduction of stocks.

5). Deposits, Loans and advances, inoperative bank accounts, unsecured loans and sundry creditors are subject to confir- mation and reconciliation. However necessary action in this regard is already initiated. Pending confirmation/reconcilia- tion and review by the Company, consequential adjustments arising thereon, if any are presently are not ascertainable.

6). In the absence of the information about the "Small scale industrial undertakings" status of its Sundry Creditors, at present the Management is unable to quantify the amounts due to Small scale industrial undertakings exceeding rupees one lakh which is outstanding for more than 30 days.

7). Prior period adjustments of Rs.43,348/- includes Service tax paid relating to previous years is of Rs. 37,938/- and other expenses of Rs. 5410/- relating to Previous years.

8). Leases:

The Company has no financial leases. Operating lease is in the nature of lease of office premises with no restrictions and is renewable at mutual concept.

9). DETAILS OF PRODUCTION, TURNOVER AND STOCKS OF FINISHED GOODS

Since the absence of the Inventory records, the Management is not able to furnish the Quantitative details about produc- tion, sales and finished goods.

10). DETAILS OF RAW MATERIALS CONSUMED

Since the absence of the Inventory records, the Management is not able to furnish the Quantitative details about item wise raw material consumption.

*The Value includes the Purchase cost and Transportation cost

11). FOREIGN EXCHANGE TRANSACTIONS:

Inflow - Nil

Outflow - Nil

12). Loans and Advances includes a sum of Rs. 15,00,000/- paid to the Central Excise Department, consequent to Search Proceedings carried out by the said department. The said payment is to meet the liability, if any, to the department. Pending outcome of the said proceedings, the payment is reflected as loans and advances in these accounts

13). 13 Cases are pending against the company as on 31st March 2007.

14). Figures for the previous period have been regrouped and reclassified wherever necessary to be in conformity with the current period.