Sanginita Chemicals Ltd. के अकाउंट के लिये नोट

Mar 31, 2025

a) Fair value of investment Properties

The fair value of the Company’s investment properties at the end of the year have been determined on the basis of estimation of valuation carried out by the management and on basis of Management assessment, fair value of asset is more than carrying amount of the Investment Property

b) During the year, the Company carried out a review of the recoverable amount of investment properties. As a result there were no allowances for impairment required for these properties.

12.2. Terms/ Rights attached to the equity shares

The Company has one class of shares referred to as equity shares having a par value of Rs.10 each. Each shareholder is entitled to one vote per share held. In the event of liquidation, the equity shareholders are eligible to receive the remaining assets of the Company in proportion to their shareholding.

The Disclosure in respect of the amounts payable to Micro and Small Enterprises have been made in the financial statements based on the information received and available with the Company. Further, in view of the Management, the impact of interest, if any, that may be payable in accordance with the provisions of the Act is not expected to be material. The Company has not received any claim for interest from any supplier as at the balance sheet date. These facts have been relied upon by the auditors.

20.1. Fair valuation of investment property

The fair value of the company’s investment properties at the end of the year have been determined on the basis of estimation of valuation carried out by the management and on basis of management assessment, fair value of asset is more than carrying amount of the Investment Property

20.2. Borrowings secured against current assets

Quarterly returns or statements of current assets filed by thecompany with banks or financial institutions are in agreement with thebooks of accounts.

32. Unsecured Loans:

The loan taken from directors, promoters and their relatives are unsecured.

33. The breakup of Micro & Small Enterprise is provided to us by the management and the same is Accepted by us.

34. The balances of advances and advance given to suppliers, debtors and creditors are subject to balance confirmation by the respective parties and necessary adjustment if any will be made on its reconciliation.

35. In the opinion of the board, the current assets, loans & advances and other receivables have value on realization in ordinary course of business at least equal to the amount at which they are stated in the balance sheet.

36. The Company has not proposed any dividend on paid up share capital during the year under audit.

41. Segment Information

The Company’s Primary segment is identified as business segment based on natural of products, risks, returns and the internal business reporting system and secondary segment is identified based on the geographical location of the customers as per IND AS 108 - ‘Operating Segment’. The Company is principally engaged in a single business segment viz.” Chemicals”.

The Geographical segment has been considered for disclosure as secondary segment.

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Mar 31, 2024

2.16. Provisions And Contingent Liabilities

Provisions are recognized in the accounts in respect of present probable obligations,the amount of which can be reliably
estimated.

There is no contingent liability in the balance sheet of the company.

2.17. Revenue Recognition

Revenue from operations is recognized when control of the goods are transferred to the customer at an amount that
reflects the consideration to which the Company expects to be entitled in exchange for those goods. Revenue is measured
at the fair value of the consideration received or receivable, taking into account contractually defined terms of payment
and excluding taxes or duties collected on behalf of the government.

a) Sales are shown at net of sales returns, GST but discount and incentives are separately booked as expenditure.

b) Export Sales are booked at the rate on the date of transaction and the resultant gain or loss on realization on
transaction is accounted as Exchange rate difference and is dealt with Statement of Profit and Loss.

Export Incentive

Export incentives under various schemes notified by government are accounted for in the year of exports based on
eligibility and when there is no uncertainty in receiving the same.

2.18. Borrowing Cost:

Borrowing costs directly attributable to the acquisition, construction or production of an asset that necessarily takes a
substantial period of time to get ready for its intended use or sale are capitalized as part of the cost of the asset. All other
borrowing costs are expensed in the period in which they occur. Borrowing costs consist of interest and other costs that
an entity incurs in connection with the borrowing of funds.

No borrowings are created for acquiring Property, Plant & Equipment during the year.

2.19. Employee Benefits:

- Short-term employee benefits are recognized as expenses at the undiscounted amount in the profit and loss
account for the year in which the related service is rendered.

- Post employment and other long term employee benefits are recognized as an expense in the profit and loss
account for the year in which the employee has rendered services.

- As explained by the management that there is no employee in the company who is entitle for gratuity benefit so no
provision of gratuity is made.

2.20. Taxes:

Tax expense comprises of current income tax and deferred tax.

Current income tax:

Current income tax assets and liabilities are measured at the amount expected to be recovered from or paid to the
taxation authorities. The tax rates and tax laws used to compute the amount are those that are enacted or substantively
enacted, at the reporting date.

Deferred Tax:

Deferred tax is recognized, subject to the consideration of prudence in respect of deferred tax liability/assets, on timing
difference, being the difference between taxable income and accounting income that originate in one period and are
capable of reversal in one or more subsequent periods.

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

2.21. Earnings Per Share:

Basic earnings per share are calculated by dividing the net profit for the period attributable to equity shareholders by the
weighted average number of equity shares outstanding during the period.

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

3. Significant accounting judgments, estimates and assumptions

The application of the company''s accounting policies as described in Note 2, in the preparation of the company''s
financial statements requires management to make judgments, estimates and assumptions that affect the reported
amounts of revenues, expenses, assets and liabilities, and the accompanying disclosures, and the disclosure of contingent
liabilities. The estimates and assumptions are based on historical experience and other factors that are considered to be
relevant. The estimates and underlying assumptions are reviewed on an ongoing basis and any revisions thereto are
recognized in the period in which they are revised or in the period of revision and future periods if the revision affects both
the current and future periods. Actual results may differ from these estimates which could result in outcomes that require
a material adjustment to the carrying amount of assets or liabilities affected in future periods.

Key Sources of estimation uncertainty:

The key assumptions concerning the future and other key sources of estimation uncertainty at the reporting date that have
a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial
year. Existing circumstances and assumptions about future developments may change due to market changes or

circumstances arising that are beyond the control of the company. Such changes are reflected in the assumptions when
they occur.

3.1. Useful lives of property, plant and equipment

Useful lives of property, Plant &Equipment are taken as per useful lives given in Part-C of Schedule II to the Companies
Act, 2013.

3.2. Investments

In case of investments, the Management assesses whether there is any indication of impairment in the value of investments.
4. Regrouped, Recast, Reclassified

Figures of the earlier year have been regrouped or reclassified to conform to Ind AS presentation requirements.

a) Fair value of investment Properties

The fair value of the Company''s investment properties at the end of the year have been determined on the basis of
estimation of valuation carried out by the management and on basis of Management assessment, fair value of asset is
more than carrying amount of the Investment Property

b) During the year, the Company carried out a review of the recoverable amount of investment properties. As a result there
were no allowances for impairment required for these properties.

c) The Company has earned a rental income of Rs. 5.04 Lacs (Rs. 15.75 Lacs)

20.1. Fair valuation of investment property

The fair value of the company''s investment properties at the end of the year have been determined on the basis of
estimation of valuation carried out by the management and on basis of management assessment, fair value of asset is
more than carrying amount of the Investment Property

20.2. Borrowings secured against current assets

Quarterly returns or statements of current assets filed by thecompany with banks or financial institutions are in agreement
with thebooks of accounts.

41. Segment Information

The Company''s Primary segment is identified as business segment based on natural of products, risks, returns and the
internal business reporting system and secondary segment is identified based on the geographical location of the
customers as per IND AS 108 - ‘Operating Segment''. The Company is principally engaged in a single business segment
viz.” Chemicals”.

The Geographical segment has been considered for disclosure as secondary segment.

Two secondary segment has been identified based on the geographical location of customers i.e. domestic and export.
Information about geographical segments are below.

AS PER OUR REPORT OF EVEN DATE For & On behalf of the Board of Directors

For Devpura Navlakha & Co. Sanginita Chemicals Limited

Chartered Accountants

FRN No: 121975W sd/- sd/-

Sd/- (Mr. Dineshsinh Chavada) (Mrs. Hansaben Chavada)

(CA Rahul R. Modi) Chairman & Manging Director Non-Executive Director

Partner (DIN : 01497977) (DIN : 00479509)

sd/- sd/-

Mem. No: 184321 (Ms. Sangita D Chavda) (Mr. Vijaysinh Chavda)

UDIN:24184321BKABZI7491 Chief Financial Officer Whole Time Director

sd/- (DIN : 00479413)

Place : Ahmedabad (Ms. Saroj Ghanshyam Jagetia)

Date : 30/05/2024 Company Secretary

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Mar 31, 2018

1 SHARE CAPITAL :

The authorised share capital of the company is Rs. 1800 lakhs (180 lakhs shares of Rs. 10 each) during the year. The paid up share capital of the company is 1726.77 lakhs ( 172.677 lakhs shares of Rs. 10 each ). The Equity Share of the company have been listed on SME platform of NSE limited on 10th March 2017. The share price as on 31st Day of March,2018 was Rs 52. The details regarding the authorised, issued and paid up share capital of the company is given hereunder in a tabular format for better understanding.

2 RESERVES & SURPLUS :

2.1 As per the information provided and explanation given to us, the company is not transferring any amount to any special reserve.

2.2 The profit and loss account is the balance of net profit after provision of taxation and all carried over to balance sheet from profit and loss account

3 LONG TERM BORROWING

3.1. Kotak Mahindra bank WCTL (00140) of Rs100.00 (Rs in Lac) @10.50%p.a are repayable in 36 monthly installements.

3.2 Kotak Mahindra bank Jaguar Car Loan of Rs 37.50 (Rs in Lac) @7.75%p.a are repayable in 60 monthly installements.

3.3. As per the information & explanation provided to us the company''s directors has decided not to remmit their loan in atleast one year and thus the same has been treated as the Long term Borrowing. The same details are hereunder:

4 SHORT TERM BORROWING

4.1. Cash credit, working capital demand loan (WCDL) and working capital term loan (WCTL) from the bank is secured by way of hypothecation of all existing and future current assets/movable fixed assets of the company.

4.2 Kotak Mahindra bank WCTL (00082) of Rs200.00( Rs in Lacs) @ 10.85%p.a are repayable in 36 monthly installements.

4.3 Kotak Mahindra bank WCDL (00011) of Rs200.00 (Rs in Lac) @9.45%p.a are repayable in 60 Days

5 LONG TERM LOANS AND ADVANCES

As per the information provided and explanation given to us the secutity deposit includes telephone deposit and deposit with UGVCL and it is considered as secured and good. A deposit of 1% is given to NSE for clearance of IPO in previous year and the same is refunded during the current year.

6 INVENTORIES

6.1 The value of closing stock is verified, valued and certified by the management according to AS -2 and the same is accepted by us.

6.2 Raw Material includes Ammonuim Molybdate, Causrtic Soda Lye & Flake, Copper, Hydrochloric Acid,Liquid Clorine, Phthalic Anhydride, Sulphuric Acid, T.g.Urea

6.3 Finished Goods includes Copper Sulphate, cupiric chloride,Cuprous Chloride.

6 .4 Stores & Spares includes Fire Wood,Fuel Gas, HDPE Bag,Lab Chemicals,Polythine Liner Bag.

7 SHORT TERM LOANS AND ADVANCES

As per the information provided and explanation given to us the amount of short term loans and advances is unsecured and considered good.

8 REVENUE FROM OPERATIONS :

The company is dealing in manufacturing of chemicals. The sales of the company is inclusive of excise duty & VAT and w.e.f 01.07.2017 it is inclusive of GST. The total revenue from the operations during the year is Rs. 1945.48 lakhs which is by furcated as below:

9. Corporate Information:

Sanginita Chemicals Limited (The company) is a public limited company which was initially registered as a private limited company with Registrar of Companies Gujarat with CIN number L24100GJ2005PLC047292 from 15.12.2005 and engaged in the business of manufacturing of Chemicals with registered address at 301, 3rd Floor, Shalin Complex, Sector-11, Gandhinagar, Gujarat, India Pin 382 011 and factory address at Block No. 1133, Nr GIDC- Chhatral Phase IV, At : Chhatral, Ta- Kalol, Dist, Gandhinagar, Gujarat, India.

From 23^rd day of December 2016, the company Sanginita Chemicals Pvt. Ltd. was converted in to a Public Limited company limited by shares under section 18 of the company''s act 2013 and so the name of the company is changed to SANGINITA CHEMICALS LIMITED from the same date.

10. The Company has made an Initial Public Offer of 45,66,000 Equity Shares of Rs. 10/- each with premium of Rs. 12/- per share for cash at Rs.22. vide Prospectus dated 23rd February, 2017. So the company made an IPO of an amount of Rs. 10,04,52,000/-. The Company has successfully completed the Initial Public Offering (IPO) in the previous year pursuant to the applicable SEBI Rules and Regulations. The IPO opened on 1st March, 2017 and closed on 3rd March, 2017.

The IPO of the Company received an encouraging response from the investors and the public issue was oversubscribed. The Equity Shares of the Company have been listed on SME Platform of NSE Limited on 10^th March, 2017.

11. Secured Loans:

Short Term Loans and Advances from Banks:

The company had taken working capital cash credit, Working capital Term loan And Working capital demand loan from Kotak Mahindra Bank and it is secured by way of hypothecation of all existing and future current assets/movable fixed assets of the company. During the year the company has purchased a car in name of director and the car loan is secured by way of hypothecation of car.

12. Unsecured Loans:

The loan taken from directors is totally unsecured.

13. The breakup of SSI/Non SSI is provided to us by the management and the same is accepted by us.

14. All the balances in the balance sheet are as per books of accounts and are subject to third party confirmations and reconciliation.

15. Previous year figures are regrouped and rearranged wherever necessary to make them comparable with current year figures.

16. In the opinion of the board the current assets, loans & advances and other receivables have value on realization in ordinary course of business at least equal to the amount at which they are stated in the balance sheet.

17. As it is not possible to confirm about due period of all the debtors, so classification of due period of debtors shown in balance sheet is taken as certified by Board of Directors.

18. The Company has not proposed any dividend on paid up share capital during the year under audit.

19. The company is operating in single segment hence therefore segment reporting is not disclose separately