అకౌంట్స్ గమనికలుAkshar Spintex Ltd.

Mar 31, 2025

(D) There are no provisions for doubtful debts or amounts written off or written back in respect of debts due to or due from
related parties

(E) Related party relationship is as identified by the Company on the basis of information available with them and relied
upon by the Auditors

Accounting classification and fair values

The following table shows the carrying amounts and fair values of financial assets and financial liabilities, including their levels in • ''
the fair value hierarchy. It does not include fair value information for financial assets and financial liabilities if the carrying
amount is a reasonable approximation of fair value.

(B) FAIR VALUE HEIRARCHY

Fair value is the amount for which an asset could be exchanged, or a liability settled between knowledgeable willing parties in
an arm''s length transaction. The Company has made certain judgements and estimates in determining the fair values of the
financial instruments that are (a) recognised and measured at fair value and (b) measured at amortised cost and for which fair
values are disclosed in the financial statements.

To provide an indication about the reliability of the inputs used in determining fair value, the Company as classified the financial
instruments into three levels prescribed under the accounting standard. An explanation of each level is as follows:

Level 1: Level 1 of hierarchy includes financial assets that are measured by reference to quoted prices (unadjusted) in active
& * markets for identical assets or liabilities.

Level 2: Level 2 heirarchy includes financial instruments that are not traded in an active market is determined using valuation
techniques which maximise the use of observable market data and rely as little as possible on entity-specific estimates.

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

(C) VALUATION TECHNIQUES

Specific valuation techniques used to value financial instruments include

- the use of quoted market prices for mutual funds

- the fair value of the remaining financial instruments is determined using discounted cash flow analysis or such other
acceptable valuation methodology, wherever applicable

There are no items in the financial instruments, which required level 3 valuation.

Note: 35 Capital Management

The Company policy is to have robust financial base so as to maintain outsider''s confidence and to sustain future development
of the business. Management monitors the return on capital, as well as level of dividends to equity shareholders.The company
monitors capital using a ratio of "adjusted net debt" to "equity". For this purpose, adjusted net debt is defined as total liability,
Comprising interest-bearing loans and borrowing, less cash and cash equivalents. Total Equity includes the share capital, other
equity.

Note: 36 Financial Risk Management

The Company''s business activities are exposed to a variety of financial risks, viz liquidity risk, market risk and credit risk. The Management
of the Company has the overall responsibility for establishing and governing the Company''s risk policy framework. The risk management
policies are formulated after the identification and analysis of the risks and suitable risk limits and controls are set which are monitored &
reveiwed periodically. The changes in the market conditions and allied areas are accordingly reflected in the changes of the policy. The
key risks and mitigating actions are placed before the Audit Committee of the Company who then evaluate and take the necessary
corrective action. The sources of risk, which the Company is exposed to and how the Company manages these risks with their impact on
the Financial Statements is given below:

[A] Credit risk

Credit risk is the risk of financial loss to the Company if the counterparty fails to meet its contractual obligations. The Company is exposed
to credit risk from its operating activities (primarily trade receivables). However, the credit risk on account of financing activities, i.e.,
balances with banks is very low, since the Company holds all the balances with approved bankers only.

Trade receivables

Credit risk is managed through credit approvals, establishing credit limits and continuously monitoring the customers outstanding
balances to which the Company grants credit terms in the normal course of business. Concentration of credit risk with respect to trade
receivables are limited, as the Company''s customer base is large, reputed and having good credit credential as well as that they are long
standing customers. All trade receivables are reviewed and assessed for default on a quarterly basis. Historical experience of collecting
receivables of the Company is supported by low level of past default and hence the credit risk is perceived to be low.

[B] Liquidity risk

Liquidity risk is the risk the Company faces in meeting its obligations associated with its financial liabilities. The Company''s approach in
managing liquidity is to ensure that it will have sufficient funds to meet its liabilities when due without incurring unacceptable losses. In
doing this, Management considers both normal and stressed conditions.

Maturities of financial liabilities

The below table analyses the Company''s financial liabilities into relevant maturity groupings based on their contractual maturities. The
amounts disclosed in the table are contractual undiscounted cash flows, balances due within 12 months equal their carrying balances as
the impact of discounting is not significant.

[C] Market risk

The Company''s size and operations result in it being exposed to the following market risks that arise from its use of financial instruments:

• Currency risk; and

• Interest rate risk

The above risks may affect the Company''s income and expenses, or the value of its financial instruments.

Interest rate risk

Interest rate risk can be either fair value interest rate risk or cash flow interest rate risk. Fair value interest rate risk is the risk of changes in
fair values of fixed interest bearing financial assets or borrowings because of fluctuations in the interest rates, if such assets /borrowings
are measured at fair value through profit or loss. Cash flow interest rate risk is the risk that the future cash flows of floating interest
bearing borrowings will flucutate because of fluctuations in the interest rates.

Note: 37 Segment Information :

(a) Primary segment

The Company operates under a single reporting segment and hence, segment reporting is not applicable to the Company as per
AS 17 - Segment Reporting.

Note: 38

1. Figures of previous reporting periods have been regrouped/reclassified wherever necessary to correspond with the figures of
the current reporting period.

2. The outstanding balance as on year end in respect of trade receivables, trade payables, loans and advances and other
payables, and other receivables, if any, are subject to confirmation from respective parties and consequential reconciliation
and/or adjustments arising there from, if any. Management of the Company, however, does not expect any material variation.

3. According to the opinion of the management of the Company, the value of realization of trade and other receivables and
loans and advances given in the ordinary course of the business, if any, would not be less than the amount at which they are
stated in the balance sheet.

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

For H B Kalaria & Associates

Chartered Accountants

FRN : 104571W Harikrishna Chauhan Ilaben Paghdar

Whole Time Director Director

DIN:07710106 DIN:07591339

Hasmukh B Kalaria Dheeraj Sahu Poonam Kapupara

Partner CS CFO

Membership No.: 042002 PAN:EBCPS1128E PAN: LERPK8014D

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Mar 31, 2023

Q. Provisions and contingent liabilities

Provisions are recognized when there is a present obligation (legal or constructive) as a result of a past event, it is probable that an outflow of resources embodying economic benefits will be required to settle the obligation and a reliable estimate can be made of the amount of the obligation.

The expenses relating to a provision is presented in the Statement of Profit and Loss net of reimbursements, if any. If the effect of the time value of money is material, provisions are discounted using a current pre-tax rate that reflects, when appropriate, the risks specific to the liability. When discounting is used, the increase in the provision due to the passage of time is recognized as a finance cost.

Contingent liabilities are possible obligations whose existence will only be confirmed by future events not wholly within the control of the Company, or present obligations where it is not probable that an outflow of resources will be required or the amount of the obligation cannot be measured with sufficient reliability.

Contingent liabilities are not recognized in the financial statements but are disclosed unless the possibility of an outflow of economic resources is considered remote.

Contingent liabilities and capital commitments disclosed are in respect of items which in each case are above the threshold limit.

Employee benefits

(i) Short-term obligations

Liabilities for wages and salaries, including non-monetary benefits that are expected to be settled wholly within 12 months after the end of the period in which the employees render the related service are recognised in respect of employees'' services up to the end of the reporting period and are measured at the amounts expected to be paid when the liabilities are settled. The liabilities are presented as current employee benefit obligations in the balance sheet.

(ii) Other long-term employee benefit obligations

The liabilities for earned leave and sick leave that are not expected to be settled wholly within 12 months are measured as the present value of expected future payments to be made in respect of services provided by employees up to the end of the reporting period using the projected unit credit method. The benefits are discounted using the Government Securities (G-Sec) at the end of the reporting period that have terms approximating to the terms of the related obligation. Re-measurements as a result of experience adjustments and changes in actuarial assumptions are recognised in the Statement of Profit and Loss.

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

(iii) Post-employment obligations

The Company operates the following post-employment schemes:

(a) defined benefit plans such as gratuity; and

(b) defined contribution plans such as provident fund.

Gratuity obligations

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

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

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

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

Changes in the present value of the defined benefit obligation resulting from plan amendments or curtailments are recognised immediately in profit or loss as past service cost.

Defined Contribution Plans

The Company pays provident fund contributions to publicly administered provident funds as per local regulations. The Company has no further payment obligations once the contributions have been paid. The contributions are accounted for as defined contribution plans and the contributions are recognised as employee benefit expense when they are due. Prepaid contributions are recognized as an asset to the extent that a cash refund or a reduction in the future payments is available.

R. Earnings Per Share

(i) Basic earnings per share

Basic earnings per share is calculated by dividing:

- the profit attributable to owners of the Company

- by the weighted average number of equity shares outstanding during the financial year, adjusted for bonus elements in equity shares issued during the year and excluding treasury shares.

(ii) Diluted earnings per share

Diluted earnings per share adjust the figures used in the determination of basic earnings per share to take into account:

- the after income tax effect of interest and other financing costs associated with dilutive potential equity shares, and

- the weighted average number of additional equity shares that would have been outstanding assuming the conversion of all dilutive potential equity shares.

Reason for material discrepancies

Note No. 1 : Difference is on account of Provisional Figures of Debtors Submitted to bank. Note No. 2 :

Difference is on account of Provisional Figures of creditors Submitted to bank.

33.4 Details of willful default

The Company has not been declared as a wilful defaulter by any bank or financial institution, in accordance with the guidance on wilful defaulters issued by Reserve Bank of India.

33.5 Relationship with struck- off companies

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

33.6 Delay in registration/satisfaction of charge with registrar of companies

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

33.7 Compliance with number of layers of companies

The Company does not have subsidiary company, hence the compliance regarding with the number of layers of Companies as prescribed under clause (87) of section 2 of the Act read with Companies (Restriction on number of Layers) Rules, 2017, is not applicable to the Company.

Reason for change for more than 25%

1. Debt-equity ratio

Debt-equity ratio has decreased due to principal repayment made during the current year.

2. Debt service coverage ratio

Debt service coverage ratio has decreased due to decrease in profit in current year as compared to previous year.

3. Return on equity

Return on equity has decreased due to decrease in profit in current year compared to previous year.

4. Trade receivables turnover ratio

Trade receivables turnover ratio has decreased due to decrease in turnover during the current year and Company has not been able to collect its receivables during the current year compare to previous year.

5. Trade payables turnover ratio

Trade payables turnover ratio has decreased as company has higher trade payable outstanding during the current year compared to previous year.

6. Net capital turnover ratio

Net capital turnover ratio has decreased on account of decrease in the working capital intensity of the Company''s operations.

7. Net profit ratio

Net profit ratio has decreased due to decrease in profit in current year compared to previous year.

8. Return on capital employed

Return on capital employed has decreased due to decrease in profit in current year compared to previous year.

(B) FAIR VALUE HEIRARCHY

Fair value is the amount for which an asset could be exchanged, or a liability settled between knowledgeable willing parties in an arm''s length transaction. The Company has made certain judgements and estimates in determining the fair values of the financial instruments that are (a) recognised and measured at fair value and (b) measured at amortised cost and for which fair values are disclosed in the financial statements.

To provide an indication about the reliability of the inputs used in determining fair value, the Company as classified the financial instruments into three levels prescribed under the accounting standard. An explanation of each level is as

Level 1: Level 1 of hierarchy includes financial assets that are measured by reference to quoted prices (unadjusted) in active markets for identical assets or liabilities

Level 2: Level 2 heirarchy includes financial instruments that are not traded in an active market is determined using valuation techniques which maximise the use of observable market data and rely as little as possible on entity-specific

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

(C) VALUATION TECHNIQUES

Specific valuation techniques used to value financial instruments include

- the use of quoted market prices for mutual funds

- the fair value of the remaining financial instruments is determined using discounted cash flow analysis or such other acceptable valuation methodology, wherever applicable

There are no items in the financial instruments, which required level 3 valuation.

The Company policy is to have robust financial base so as to maintain outsider''s confidence and to sustain future development of the business. Management monitors the return on capital, as well as level of dividends to equity shareholders.The company monitors capital using a ratio of "adjusted net debt" to "equity". For this purpose, adjusted net debt is defined as total liability, Comprising interest-bearing loans and borrowing, less cash and cash equivalents. Total Equity includes the share capital, other equity.

The Company''s business activities are exposed to a variety of financial risks, viz liquidity risk, market risk and credit risk. The Management of the Company has the overall responsibility for establishing and governing the Company''s risk policy framework. The risk management policies are formulated after the identification and analysis of the risks and suitable risk limits and controls are set which are monitored & reveiwed periodically. The changes in the market conditions and allied areas are accordingly reflected in the changes of the policy. The key risks and mitigating actions are placed before the Audit Committee of the Company who then evaluate and take the necessary corrective action. The sources of risk, which the Company is exposed to and how the Company manages these risks with their impact on the Financial Statements is given below:

[A] Credit risk

Credit risk is the risk of financial loss to the Company if the counterparty fails to meet its contractual obligations. The Company is exposed to credit risk from its operating activities (primarily trade receivables). However, the credit risk on account of financing activities, i.e., balances with banks is very low, since the Company holds all the balances with approved bankers only.

Trade receivables

Credit risk is managed through credit approvals, establishing credit limits and continuously monitoring the customers outstanding balances to which the Company grants credit terms in the normal course of business. Concentration of credit risk with respect to trade receivables are limited, as the Company''s customer base is large, reputed and having good credit credential as well as that they are long standing customers. All trade receivables are reviewed and assessed for default on a quarterly basis. Historical experience of collecting receivables of the Company is supported by low level of past default and hence the credit risk is

[B] Liquidity risk

Liquidity risk is the risk the Company faces in meeting its obligations associated with its financial liabilities. The Company''s approach in managing liquidity is to ensure that it will have sufficient funds to meet its liabilities when due without incurring unacceptable losses. In doing this, Management considers both normal and stressed conditions.

Maturities of financial liabilities

The below table analyses the Company''s financial liabilities into relevant maturity groupings based on their contractual maturities. The amounts disclosed in the table are contractual undiscounted cash flows, balances due within 12 months equal their carrying balances as the impact of discounting is not significant.

The Company''s size and operations result in it being exposed to the following market risks that arise from its use of financial instruments:

• Currency risk; and

• Interest rate risk

Interest rate risk

Interest rate risk can be either fair value interest rate risk or cash flow interest rate risk. Fair value interest rate risk is the risk of changes in fair values of fixed interest bearing financial assets or borrowings because of fluctuations in the interest rates, if such assets /borrowings are measured at fair value through profit or loss. Cash flow interest rate risk is the risk that the future cash flows of floating interest bearing borrowings will flucutate because of fluctuations in the interest rates.

1. Figures of previous reporting periods have been regrouped/reclassified wherever necessary to correspond with the figures of the current reporting period.

2. The outstanding balance as on year end in respect of trade receivables, trade payables, loans and advances and other payables, and other receivables, if any, are subject to confirmation from respective parties and consequential reconciliation and/or adjustments arising there from, if any. Management of the Company, however, does not expect any

3. According to the opinion of the management of the Company, the value of realization of trade and other receivables and loans and advances given in the ordinary course of the business, if any, would not be less than the amount at which they are stated in the balance sheet.

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

For H B Kalaria & Associates Chartered Accountants

FRN : 104571W Amit V. Gadhiya Harikrishna Chauhan

Managing Director Whole Time Director

DIN: 06604671 DIN:07710106

Hasmukh B Kalaria Pratik M. Makawana Jagdish D. Otradi

Partner CS CFO

Membership No.: 042002 PAN: BJHPM5951K PAN: ABFPO7856C

Rajkot, May 27, 2023 Haripar, May 27, 2023

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Mar 31, 2018

25.1 Notes Power and fuel expense is net of power subsidy recognized of Rs. 1 ,42,77,980 (P. Y. Rs. 1 ,44,76,589)
26. Earnings per share
Particulars	Period ended March 31, 2018		Period ended March 31, 2017
Net profit/(loss) for basic EPS calculation		85,497,109		25,780,290
Weighted average no. of equity shares for basic EPS calculation		24,000,000		24,000,000
Basic EPS		3.56		1.07
Diluted EPS		3.56		1.07
27.
Particulars	Period ended March 31, 2018		Period ended March 31, 2017
	Amount in Rs.	%	Amount in Rs.	%
Materials consumed Indigenous	690,494,669	100.00%	664,389,170	100.00%
	690,494,669	100.00%	664,389,170	100.00%
Stores and spares consumed Indigenous	4,470,019	100.00%	511,150	100.00%
	4,470,019	100.00%	511,150	100.00%
28. Disclosures as required by the Micro, Small and Medium Enterprises Development Act, 2006 are as under The Company has requested its suppliers to give information about their status as Micro, Small or Medium Enterprises as defined under the MSMED Act, 2006. In absence of this information, the Company is unable to provide the details regarding the over dues to such enterprises.

29. Related party transactions

1. List of related parties

Other related parties where common control exists

A. Patel Alloys# Tricot Impex Pvt Ltd#

Key Management Personnel ("KMP") and their relatives Whole-time directors ("WTDs")/Executive directors etc.

Ashokbhai Bhalala

Amitbhai Gadhiya

Harikrishna Chauhan

llaben Paghadar Relative of WTDs/Executive directors

Chetnaben Bhalala

Harikrishna Chauhan HUF

Rekhaben Harikrishna Chauhan

Ashokbhai Bhalala HUF

Pooja Amitbhai Gadhiya Other KMPs and their relatives

Pratik Raiyani

Ankita Popat

Prakahkumar Sorathia

Rajdeep Patel

Rekhaben Chauhan

Manojbhai Baldha

Paresh Bhalala

Pravin Bhalala

Jalpaben Bhalala

Kantaben Gadhiya

Manubhai Gajera

Narmadaben Chauhan

Nayan Gadhiya

Nipaben Sorathiya

Pareshbhai Jethva

Pareshbhai Bhalala HUF

Pravinaben Gohil

Pravinbhai Bhalala HUF

Sarojben Bhalala

Shukanbhai Bhalala HUF

Sonal Sorathia

Abhishek Patel

Dineshbhai Paghadar

Shukanbhai Bhalala

# There are no transactions during the year with the above entities

2. Details of transactions with related parties	5							(in Rs.)
Details of transactions	Subsidiaries/JCEs/Asso./ Controlling Co./lntermediates		Other related parties		Key Management Personnel and relatives		Total
	2018	2017	2018	2017	2018	2017	2018	2017
Rent paid
Rekhaben Chauhan	-	-	-	-	180,000	180,000	180,000	180,000
Sonalben Sorathiya	-	-	-	-	180,000	180,000	180,000	180,000
Interest paid
Rekhaben Chauhan	-	-	-	-	525,679	884,908	525,679	884,908
Pareshbhai Jethva	-	-	-	-	20,186	9,838	20,186	9,838
Pareshbhai Bhalala	-	-	-	-	139,416	251,031	139,416	251,031
Pareshbhai Bhalala HUF	-	-	-	-	70,929	109,312	70,929	109,312
Poojaben Gadhiya	-	-	-	-	107,622	193,783	107,622	193,783
Prakash Sorathia	-	-	-	-	85,700	259,308	85,700	259,308
Pravinaben Gohil	-	-	-	-	7,707	9,122	7,707	9,122
Pravinbhai Bhalala	-	-	-	-	62,21 1	112,017	62,211	112,017
Pravinbhai Bhalala HUF	-	-	-	-	82,699	131,425	82,699	131,425
Rajdeepbhai Jala	-	-	-	-	-	814,582	-	814,582
Sarojben Bhalala	-	-	-	-	72,358	106,988	72,358	106,988
Shukanbhai Bhalala HUF	-	-	-	-	76,041	207,364	76,041	207,364
Shukanbhai Bhalala	-	-	-	-	64,123	20,647	64,123	20,647
Abhishek Tala (Patel)	-	-	-	-	-	19,070	-	19,070
Amitbhai Gadhiya	-	-	-	-	533,288	1,027,185	533,288	1,027,185
Ashokbhai Bhalala	-	-	-	-	393,778	808,045	393,778	808,045
Ashokbhai Bhalala HUF	-	-	-	-	118,342	313,721	118,342	313,721
Chetnaben Bhalala	-	-	-	-	140,493	144,351	140,493	144,351
Harikrishna Chauhan	-	-	-	-	116,257	2,493	116,257	2,493
Harikrishna Chauhan HUF	-	-	-	-	95,073	2,361	95,073	2,361
Jalpaben Bhalala	-	-	-	-	84,402	151,973	84,402	151,973
Kantaben Gadhiya	-	-	-	-	126,383	232,004	126,383	232,004
Manojbhai Baldha	-	-	-	-	185,700	101,589	185,700	101,589
Narmadaben Chauhan	-	-	-	-	2,260	4,359	2,260	4,359
Nayanbhai Gadhiya	-	-	-	-	71,700	135,060	71,700	135,060
Nipaben Sorathiya	-	-	-	-	156,365	284,669	156,365	284,669
Manubhai Gajera	-	-	-	-	28,033	50,475	28,033	50,475
Sonalben Sorathiya	-	-	-	-	50,753	92,142	50,753	92,142

Other income/expense transactions with
related parties
Pareshbhai Jethva	481,200	201,000	481,200	201,000
Sarojben Bhalala	605,000	-	605,000	-
Shukanbhai Bhalala	605,000	-	605,000	-
Abhishek Tala (Patel)	225,000	-	225,000	-
Chetnaben Bhalala	605,000	-	605,000	-
llaben Paghdar	-	200,000	-	200,000
Jalpaben Bhalala	605,000	-	605,000	-
Pratik Raiyani	-	252,000	-	252,000
Poojaben Gadhiya	412,500	-	412,500	-
Pareshbhai Bhalala	200,000	-	200,000	-
Pravinaben Gohil	481,200	201,000	481,200	201,000
Rekhaben Chauhan	200,000	-	200,000	-
Gordhanbhai Gadhiya	300,000	-	300,000	-
Remuneration to KMPs
Rekhaben Chauhan	885,000	240,000	885,000	240,000
Ankita Popat	68,000	-	68,000	-
Pratik Raiyani	308,000	-	308,000	-
llaben Paghdar	650,000	150,500	650,000	150,500
Ashokbhai Bhalala	1,285,000	240,000	1,285,000	240,000
Amitbhai Gadhiya	997,500	240,000	997,500	240,000
Pareshbhai Bhalala	675,000	150,000	675,000	150,000
Manojbhai Baldha	750,000	150,000	750,000	150,000
Harikrishna Chauhan	1,375,000	150,000	1,375,000	150,000
Pravinbhai Bhalala	675,000	150,000	675,000	150,000
Rajdeepbhai Tala	622,500	240,000	622,500	240,000

								(in Rs.)
Account balances	Subsidiaries/JCEs/Asso./ Controlling Co./lntermediates		Other related parties		Key Management Personnel and relatives		Total
	2018	2017	2018	2017	2018	2017	2018	2017
Loans from related parties
Rekhaben Chauhan	-	-	-	-	8,188,990	8,188,990	8,188,990	8,188,990
Pareshbhai Jethva	-	-	-	-	-	89,692	-	89,692
Pareshbhai Bhalala	-	-	-	-	2,323,601	2,323,601	2,323,601	2,323,601
Pareshbhai Bhalala HUF	-	-	-	-	1,182,143	1,182,143	1,182,143	1,182,143
Poojaben Gadhiya	-	-	-	-	1,793,696	1,793,696	1,793,696	1,793,696
Prakash Sorathia	-	-	-	-	-	1,444,170	-	1,444,170
Pravinaben Gohil	-	-	-	-	-	86,062	-	86,062
Pravinbhai Bhalala	-	-	-	-	1,036,851	1,036,851	1,036,851	1,036,851
Pravinbhai Bhalala HUF	-	-	-	-	1,378,316	1,378,316	1,378,316	1,378,316
Rajdeepbhai Tala	-	-	-	-	3,539,953	7,539,953	3,539,953	7,539,953
Sarojben Bhalala	-	-	-	-	1,205,966	1,205,966	1,205,966	1,205,966
Shukanbhai Bhalala HUF	-	-	-	-	1,219,409	1,919,409	1,219,409	1,919,409
Shukanbhai Bhalala	-	-	-	-	1,118,582	418,582	1,118,582	418,582
Abhishek Tala (Patel)	-	-	-	-	176,517	176,517	176,517	176,517
Amitbhai Gadhiya	-	-	-	-	6,008,687	9,508,687	6,008,687	9,508,687
Ashokbhai Bhalala	-	-	-	-	6,562,967	6,562,967	6,562,967	6,562,967
Ashokbhai Bhalala HUF	-	-	-	-	1,903,877	2,903,877	1,903,877	2,903,877
Chetnaben Bhalala	-	-	-	-	2,412,792	1,412,792	2,412,792	1,412,792
Harikrishna Chauhan	-	-	-	-	-	22,498	-	22,498
Harikrishna Chauhan HUF	-	-	-	-	-	22,087	-	22,087
Jalpaben Bhalala	-	-	-	-	1,406,701	1,406,701	1,406,701	1,406,701
Kantaben Gadhiya	-	-	-	-	1,147,457	2,147,486	1,147,457	2,147,486
Manojbhai Baldha	-	-	-	-	-	1,891,430	-	1,891,430
Narmadaben Chauhan	-	-	-	-	-	39,407	-	39,407
Nayanbhai Gadhiya	-	-	-	-	1,195,007	1,195,007	1,195,007	1,195,007
Nipaben Sorathiya	-	-	-	-	-	2,634,962	-	2,634,962
Manubhai Gajera	-	-	-	-	467,211	467,211	467,21 1	467,211
Sonalben Sorathiya	-	-	-	-	-	852,891	-	852,891

Remuneration payable to KMPs
Rekhaben Chauhan	-	-	-	-	-	90,000	-	90,000
llaben Paghdar	-	-	-	-	-	500	-	500
Ashokbhai Bhalala	-	-	-	-	-	90,000	-	90,000
Amitbhai Gadhiya	-	-	-	-	-	90,000	-	90,000
Rajdeepbhai Tala	-	-	-	-	-	90,000	-	90,000
Trade receivables
A. Patel Alloys	-	-	-	3,900,078	-	-	-	3,900,078

Account balances	Subsidiaries/JCEs/Asso./ Controlling Co./lntermediates		Other related parties		Key Management Personnel and relatives		Total
	2018	2017	2018	2017	2018	2017	2018	2017
Other balances- Interest Payable
Rekhaben Chauhan	-	-	-	-	473,111	-	473,111	-
Ashokbhai Bhalala HUF	-	-	-	-	106,508	-	106,508	-
Chetnaben Bhalala	-	-	-	-	126,444	-	126,444	-
Jalpaben Bhalala	-	-	-	-	75,962	-	75,962	-
Kantaben Gadhiya	-	-	-	-	113,745	-	113,745	-
Nayanbhai Gadhiya	-	-	-	-	64,530	-	64,530	-
Manubhai Gajera	-	-	-	-	25,230	-	25,230	-
Sonalben Sorathiya	-	-	-	-	65,122	-	65,122	-
Pareshbhai Bhalala	-	-	-	-	125,474	-	125,474	-
Pareshbhai Bhalala HUF	-	-	-	-	63,836	-	63,836	-
Poojaben Gadhiya	-	-	-	-	96,860	-	96,860	-
Pravinbhai Bhalala	-	-	-	-	55,990	-	55,990	-
Pravinbhai Bhalala HUF	-	-	-	-	74,429	-	74,429	-
Shukanbhai Bhalala HUF	-	-	-	-	68,437	-	68,437	-
Shukanbhai Bhalala	-	-	-	-	57,711	-	57,71 1	-
Amitbhai Gadhiya	-	-	-	-	479,959	-	479,959	-
Ashokbhai Bhalala	-	-	-	-	354,400	-	354,400	-

30. Employee benefits

The Company has one scheme for long-term benefit - Gratuity. In case of funded schemes, the funds are recognized by the Income tax authorities and administered through trustees. The Company''s defined contribution plans are Provident Fund (in case of certain employees), Employees State Insurance Fund. The Company has no further obligation beyond making the contributions to such plans. The Company''s defined benefit plans include Gratuity only.

30.1 Change in defined benefit obligation
Particulars	Period ended Amount in Rs.	March 31, 2018 Amount in Rs.	Period ended Amount in Rs.	March 31, 201 7 Amount in Rs.
Gratuity (Non-funded)
Current service cost		1,314,368		_
Interest cost		46,164		_
Actuarial (gain)/loss		(79,128)		-
Past service cost		3,607		-
Present value of defined benefit obligation as at the end of the period		1,285,011		-

1. Current service cost includes prior period expenditure of Rs. 6,85,130 on recognition of gratuity liability during the current reporting period.

30.2 Changes in fair value of plan assets
Particulars	Period ended March 31, 2018		Period ended	March 31, 2017
	Amount in Rs.	Amount in Rs.	Amount in Rs.	Amount in Rs.
Gratuity (Non-funded)
Fair value of plan assets as at the end of the period
30.3 Reconciliation of present value of defined benefit obligation and fair value of plan assets
Particulars	As at March 31, 2018		As at March 31, 2017
	Amount in Rs.	Amount in Rs.	Amount in Rs.	Amount in Rs.
Gratuity (Non-funded) Present value of funded obligation as at the end of the year		1,285,011		.
Unfunded liability/(assets) recognised in the balance sheet		1,285,011		-

30.4 Reconciliation of present value of defined benefit obligation and fair value of plan assets
Particulars		As at March 31, 2018		As at March 31, 2017
		Amount in Rs.	Amount in Rs.	Amount in Rs.	Amount in Rs.
Gratuity (Non-funded)
Current service cost			1,314,368		-
Interest cost			46,164		_
Net actuarial (gain)/loss			(79,128)		-
Past service cost			3,607		-
Total expense/(income) recognised in the Statement of Profit and Loss			1,285,011		-

30.5 Actual return on plan assets
Particulars	As at March 31, 2018		As at March 31, 2017
	Amount in Rs.	Amount in Rs.	Amount in Rs.	Amount in Rs.
Gratuity (Non-funded)
Actual return on plan assets		-		-
30.6 Major category of plan assets
Particulars Gratuity (Non-funded)	As at March 31, 2018		As at March 31, 2017
Total		0.00%		0.00%
30.7 Principal actuarial assumptions used
Particulars Gratuity (Non-funded)	As at March 31, 2018		As at March 31, 2017
Discount rate (per annum)		7.30%		0.00%
Expected rate of return on plan assets		Not Applicable		Not Applicable
Expected rate of increase in salaries		7.00%		0.00%
Medical cost trend rates		Not Applicable		Not Applicable
30.10 Contribution to defined contribution plans
Particulars	Period ended March 31, 2018		Period ended March 31, 2017
	Amount in Rs.	Amount in Rs.	Amount in Rs.	Amount in Rs.
Provident Fund		658,336		584,029
Total		658,336		584,029

31. Other Notes

1. Previous year''s figures have been regrouped/reclassified wherever necessary to correspond with the current year''s classification/disclosure.

2. The Company has not conducted any transactions in foreign currency during the reporting period.

Signature to note 1 to 31 of the financial statements.
For, H. B. Kalaria & Associates	For and on behalf of the Board of Directors,
Chartered Accountants
Firm Registration No. 104571 W
	Ashokbhai Bhalala	Harikrishna Chauhan
	Managing Director	Director
	DIN: 020031 97	DIN: 07710106
Hasmukh B. Kalaria	Pratik Raiyani	Ankita Popat
Partner	CFO	CS
Mem. No. 042002
Rajkot, July 14, 2018	Haripar, July 14, 2018