అకౌంట్స్ గమనికలుBhavik Enterprises Ltd.

3.1 Rights, preference and restriction attached to equity shares

1. ''Terms/Rights attached to Equity Shares: The company has only one class of Equity Shares having a par value of 10/- per share. Each holder of Equity share is entitled to one vote per share. In the event of liquidation of the Company, the holders of equity share 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 Share holders.

2) The equity shares are not repayable except in the case of a buy back, reduction of capital or winding up in terms of the provisions of the Companies Act, 2013.

3) Every member of the company holding equity shares has a right to attend the General Meeting of the Company and has a right to speak and on a show of hands, has one vote if he is present in person and on a poll shall have the right to vote in proportion to his share of the paid-up capital of the company.

7.2 Disclosures as required under the Micro, Small and Medium Enterprises Development Act, 2006 (MSMED Act):

The amounts due to Micro and Small Enterprises as defined in the ‘The Micro, Small and Medium Enterprises Development Act, 2006’ has been determined to the extent such parties have been identified on the basis of information available with the Company. This has been relied upon by the auditors.

(a) There are no impairment losses recognised during the year ended March 31, 2026 & 2025.

(b) The Company has not revalued its property, plant and equipment as on each reporting period and therefore Schedule III disclosure requirements with respect to fair value details is not applicable.

(c) The company has not maintained a detailed fixed asset register on an asset-wise basis as per the requirements of Companies Act 2013, however this could not include potential misstatements in the fixed asset balances or depreciation expense. Consequently, the detailed reconciliation of individual assets could not be carried out. The company is in the process of implementing a fixed asset register and conducting an asset verification process to bring it into compliance with Companies Act 2013.

N ote: Goods in Transit

As of the year-end, goods in transit amounting to ? 2812.94 Lakhs are included in the closing balance of inventory (Note 14). However, these goods have not been reflected in the operating costs (Cost of Goods Sold) for the current period. The company intends to adjust the operating costs in the subsequent period to ensure proper matching of expenses with revenue, in line with the accrual basis of accounting.

29 Segment information

For management purposes, the Company is into one reportable segment i.e. Wholesale Trading Business

The Managing Director is the Chief Operating Decision Maker of the Company who monitors the operating results of the Company for the purpose of making decisions about resource allocation and performance assessment. The Company’s performance as single segment is evaluated and measured consistently with profit or loss in the financial statements. Also, the Company’s financing (including finance costs and finance income) and income taxes are managed on a Company basis

29.2 Information about major customers

No single customer contributed 10% or more to the Company’s revenue for year ended March 31, 2026 and March 31, 2025.

29.3 The reporting segment includes a number of sales operations in various cities within India each of

• these operating segments have similar long-term gross profit margins;

• the nature of the products and production processes are similar; and

• the methods used to distribute the products to the customers are the same.

32.4 The Company does not have any Capital work-in-progress.

32.5 The Company does not have any Intangible assets under development.

32.6 The Company does not own benami properties. Further, there are no proceedings which have been initiated or are pending against the Company for holding any benami property under the Benami Transactions (Prohibition) Act, 1988 (45 of 1988) and rules made thereunder.

32.7 The Company does not have borrowings from Bank or Financial Institutions.

32.8 There are no bank or financial institution or other lender declared to Company a wilful defaulter during the period covered under RFS.

32.9 Relationship with struck-off companies

The Company does not have any transactions with companies struck- off under section 248 of the Companies Act, 2013 or section 560 of Companies Act, 1956.

32.10 The Company has not made any delay in Registration of Charges under the Companies Act, 2013.

32.11 Compliance with number of layers of companies

The Company has complied with the number of layers prescribed under clause (87) of section 2 of the Act read with the Companies (Restriction on number of Layers)

Rules, 2017.

32.12 There were no Scheme of Arrangements entered by the Company during each reporting period, which required approval from the Competent Authorityin terms of sections 230 to 237 of the Companies Act, 2013.

32.13 Undisclosed Income

The Company has no 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).

32.14 The Company has not traded or invested in Crypto currency or Virtual Currency during each reporting period.

32.15 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.

32.16 Code of Social Security, 2020

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. the Companywill assess the impact of the Code when it comes into effect and will record any related impact in the period when the Code becomes effective.

32.17 Utilization of Borrowed funds

No funds have been advanced or loaned or invested (either from borrowed funds or share premium or any other sources or kind of funds by the Company to or in any other person or entity, including foreign entities (“Intermediaries”) with the understanding, whether recorded in writing or otherwise, that the Intermediary shall lend or invest in party identified by or on behalf of the Company (Ultimate Beneficiaries). The Company has not received any fund from any party (Funding Party) with the understanding that the Company shall whether, directly or indirectly lend or invest in other persons or entities identified by or on behalf of the Company (“Ultimate Beneficiaries”) or provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries.

32.18 In the opinion of the Board of Directors of the Company, all items of ''Current assets, loans and advances'' continue to have a realizable value of at least the amounts at which they are stated in the Balance Sheet, unless otherwise stated.

32.19 The figures for the corresponding previous year have been regrouped/reclassified wherever necessary, to make them comparable.

32.20 The Company in neither a Subsidiary nor Holding company of any other Company / Companies.

32.21 All amounts disclosed in the financial statements and notes have been rounded off to the nearest Lakhs or decimals thereof as per the requirement of Schedule III, unless otherwise stated.

32.22 Information pursuant to Division I of Revised Schedule III of the Companies Act, 2014 are given to the extent they are applicable to the Company.