అకౌంట్స్ గమనికలుGanesh Consumer Products Ltd.

45 Contingent Liabilities
Accounting Policy:
a) Provisions

I) Provisions are recognised when the Company has 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.

Provisions is measured using the cash flows estimated to settle the present obligation and when the effect of time value of
money is material, Provisions are determined by discounting the expected future cash flows (representing the best estimate
of the expenditure required to settle the present obligation at the balance sheet date) at a pre-tax rate that reflects current
market assessments of the time value of money and the risks specific to the liability. The unwinding of the discount is
recognized as finance cost. Reimbursement expected in respect of expenditure required to settle a provision is recognised
only when it is virtually certain that the reimbursement will be received.

II) Onerous Contracts

Present obligations arising under onerous contracts are recognized and measured as provisions. An onerous contract is
considered to exist when a contract under which the unavoidable costs of meeting the obligations exceed the economic
benefits expected to be received from it.

b) Contingent Liabilities

A contingent liability is a possible obligation that arises from past events whose existence will be confirmed by the occurrence
or non-occurrence of one or more uncertain future events beyond the control of the Company or a present obligation that is not
recognized because it is not probable that an outflow of resources will be required to settle the obligation. A contingent liability
also arises in extremely rare cases where there is a liability that cannot be recognized because it cannot be measured reliably.
The Company does not recognize a contingent liability but discloses its existence in the financial statements.

46 Employee Benefit (Defined Benefit Plan)

Accounting Policy :

a) Short Term Employee Benefits

Short term employee benefit obligations are measured on an undiscounted basis and are expensed as the related services are provided.
Liabilities for wages and salaries, including nonmonetary benefits that are expected to be settled wholly within twelve months after the
end of the period in which the employees render the related service are recognized in respect of employees'' services up to the end of
the reporting period. Accumulated leave, which is expected to be utilized within the next 12 months, is treated as short-term employee
benefit. The Company measures the expected cost of such absences as the additional amount that it expects to pay on actual basis as
a result of the unused entitlement that has accumulated at the reporting date. The Company presents the leave as a current liability in
the Balance Sheet, as it does not have an unconditional right to defer its settlement for 12 months after the reporting date.

b) Post-Employment Benefits

The Company operates the following post-employment schemes :

i) Defined Benefit Plan

The liability or asset recognized in the Balance Sheet in respect of defined benefit 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 Company’s net obligation in respect of defined
benefit plans is calculated by estimating the amount of future benefit that employees have earned in the current and prior periods.

The defined benefit obligation is calculated annually by Actuaries using the projected unit credit method. The liability
recognized for defined benefit plans is the present value of the defined benefit obligation at the reporting date less the
fair value of plan assets, together with adjustments for unrecognized actuarial gains or losses and past service costs. Net
interest is calculated by applying the discount rate at the beginning of the period to the net defined benefit liability or asset.
Past service cost is recognised in the Statement of Profit and Loss in the period of a plan amendment. The present value
of the defined benefit plan liability is calculated using a discount rate which is determined by reference to market yields at
the end of the reporting period on government bonds.

Re-measurement, comprising actuarial gains and losses, the effect of the changes to the asset ceiling (if applicable) and
the return on plan assets (excluding net interest), is reflected immediately in the Balance Sheet with a charge or credit
recognised in Other Comprehensive Income (OCI) in the period in which they occur. Re-measurement recognised in OCI
is reflected immediately in retained earnings and will not be reclassified to Statement of Profit and Loss.

The Company has both funded and unfunded scheme for payment of gratuity. The Company contributes to fund maintained
with Life Insurance Corporation of India.

ii) Defined Contribution Plan

Retirement benefit in the form of provident fund is a defined contribution scheme. The Company has no obligation other than
the contribution payable to the Provident fund. Contribution payable under the provident fund is recognised as expenditure in
the statement of profit and loss and/or carried to Construction work-in-progress when an employee renders the related service.

(B) Defined Benefit Plan :

Post employment and other long term employee benefits in the form of gratuity is considered as defined benefit obligation. The
employees'' gratuity fund scheme managed by Life Insurance Corporation of India is a defined benefit plan. The present value
of obligation is determined based on actuarial valuation using the Projected Unit Credit Method, which recognizes each period
of service as giving rise to additional unit of employee benefit entitlement and measures each unit separately to build up the
final obligation. Under the PUC method a "projected accrued benefit" is calculated at the beginning of the year and again at the
end of the year for each benefit that will accrue for all active members of the Plan. The "projected accrued benefit" is based on
the Plan''s accrual formula and upon service as of the beginning or end of the year, but using a member''s final compensation,
projected to the age at which the employee is assumed to leave active service. The Plan liability is the actuarial present value of
the "projected accrued benefits" as of the beginning of the year for active members.

Risk Exposure:

Defined Benefit Plans expose the Company to actuarial risks such as: Interest Rate Risk, Salary Risk and Demographic Risk.

(a) Interest rate risk : The defined benefit obligation calculated uses a discount rate based on government bonds. If bond
yields fall, the defined benefit obligation will tend to increase.

(b) Salary risk : Higher than expected increases in salary will increase the defined benefit obligation.

(c) Demographic risk : This is the risk of variability of results due to unsystematic nature of decrements that include mortality,
withdrawal, disability and retirement. The effect of these decrements on the defined benefit obligation is not straight forward
and depends upon the combination of salary increase, discount rate and vesting criteria. It is important not to overstate
withdrawals because in the financial analysis the retirement benefit of a short career employee typically costs less per year
as compared to a long service employee.

(d) Regulatory Risk : Gratuity benefit is paid in accordance with the requirements of the Code on Social Security, 2020 (as
amended from time to time). There is a risk of change in regulations requiring higher gratuity payouts (e.g. Increase in the
maximum limit on gratuity). An upward revision of maximum gratuity limit will result in gratuity plan obligation.

Gratuity Plan:

The Company has both funded and unfunded schemes for payment of gratuity to all eligible employees calculated at specified
number of days (15 days ) of last drawn salary depending upon the tenure of service for each year of completed service subject
to minimum service of one years / five years payable at the time of separation or on exit otherwise. These defined benefit gratuity
plans are governed by The Code on Social Security, 2020.

(x) Salary Escalation Rate :

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

(xi) On 21st November, 2025, the Government of India notified the four Labour Codes - the Code on Wages, 2019, the Industrial
Relations Code, 2020, the Code on Social Security, 2020, and the Occupational Safety, Health and Working Conditions
Code, 2020.The Company has assessed the impact of the changes and has recognised an incremental liability of H 69.27
Lakhs as at 31st March, 2026 based on the actuarial valuation in accordance with Ind AS 19. The Company continues to
monitor the finalisation of Central / State Rules and clarifications from the Government on other aspects of the Labour Code
and impact of these if any, will be evaluated and accounted for in accordance with applicable accounting standards in the
period in which they are notified.

47 Segment Reporting:

The Company''s Board of Directors, being the chief operating decision maker examines the company''s performance on the basis of
its business of manufacturing and selling of wheat products, powder of cereal and pulses, ready to cook / instant items, spices and
snacks. As such, the Company''s business activity falls within a single primary business segment “Food and allied products”, and
thus no further disclosures are required in accordance with Indian Accounting Standard - 108 “Operating Segments”. Further, the
Company primarily operates in India and thus has no geographical segment which can be regarded as a distinguishable component
of an enterprise and thus no geographical segment disclosures are required.

47.1 Information about major customers

The revenue from none of the customers is more than 10% of the total revenue of the company.

*The Company has filed DIR-6 on 29th November, 2024 for change in name from Manish Kumar Mimani to Manish Mimani and accordingly the name
has been changed.

^# Does not include gratuity as these are provided in the books of accounts on the basis of actuarial valuation for the Company as a whole and hence
individual amount cannot be determined.

(E) Transactions with related parties are carried out in the normal course of business at arm''s length prices.

(F) Basis the Scheme of Arrangement sanctioned by the Hon''ble National Company Law Tribunal (“NCLT”), Kolkata vide Order
dated 5th April, 2024 amongst Manoj Mercantile Credit Pvt Ltd (“Transferor Company 1”), New Age Import Pvt Ltd (“Transferor
Company 2”), Aakarshak Properties & Holdings Pvt. Ltd. (“Transferor Company 3”), Ektaa Steel & Credit Pvt. Ltd. (“Transferor
Company 4”), Grain Business Undertaking of Srivaru Poly Packs Private Limited (“Demerged Company 5”) into Srivaru Agro
Private Limited (“Transferee Company”/“Resulting Company”) and their respective shareholders and creditors (‘the Scheme”)
with appointed date of 1st April, 2024. Certified true copy of the Order has been filed with the Registrar of Companies in Form
INC-28 dated 21st June, 2024 and the scheme is operative from this date.

Accordingly, to give effect of the Scheme, the investments in shares held by the above companies (1,2 and 5) in Ganesh
Consumer Products Limited (Formerly known as Ganesh Grains Limited) has been transferred to Transferee / Resulting
Company on 5th August, 2024.

49 Corporate Social Responsibility (CSR) Expenditure

Disclosures of Corporate Social Responsibility expenditure in line with the requirement of Guidance Note on “Accounting for
Expenditure on Corporate Social Responsibility Activities”.

50 Other Regulatory Information

(i) The Company does not have any benami property. Further, there are no proceedings initiated or are pending against the Company
for holding any benami property under Prohibition of Benami Property Transaction Act, 1988 and rules made there under.

(ii) The Company does not have any transactions with companies struck off under section 248 of the Companies Act, 2013 or
Section 560 of the Companies Act, 1956 except the following:

(iii) The Company has not traded or invested in Crypto Currency or Virtual Currency during the financial year.

(iv) The Company has not advanced or loaned or invested funds to any other person(s) or entity(s) including foreign entities
(intermediaries) with the understanding that the intermediaries shall:

I. Directly or indirectly lend or invest in other persons or entities 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.

(v) The Company has not received any fund from any person(s) or entity(s), including foreign entities (funding party) with the
understanding (whether recorded in writing or otherwise) that the Company will:

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 to or on behalf of the ultimate beneficiaries.

(vi) The Company has no such transaction which is not recorded in the books of accounts that has been surrendered or disclosed
as income during the year in the tax assessments under the Income Tax Act, 1961

(vii) The Company has not been declared as a willful defaulter by any Bank or Financial Institution or other lender.

(viii) The Company has complied with the number of layers prescribed under clause (87) of Section 2 of the Companies Act, 2013
read with the Companies (Restriction on number of Layers) Rules, 2017.

(ix) The Company has not filed any scheme of arrangements in terms of section 230 to 237 of the Company''s Act, 2013 with any
Competent Authority.

(x) The Company has done an assessment to identify Core Investment Companies (CIC''s) in the group as per the relevant guidelines
issued by Reserve Bank of India read with Core Investment Companies (Reserve Bank) Directions, 2016. Based on the same,
no company has been identified as a CIC in the group.

(xi) The Company does not have any charges or satisfaction which is yet to be registered with the Registrar of Companies beyond
the statutory period.

(xii) The company has used an accounting software for maintaining its books of account which has a feature of recording audit trail
(edit log) facility and the same has operated throughout the year for all relevant transactions recorded in the respective software
and we did not come across any instances of audit trail feature being tampered with during the course of our audit, except

i. The feature of recording audit trail (edit log) facility was not enabled at the database level to log any direct data changes for
the payroll software used for maintaining the books of account

Additionally, the audit trail has been preserved by the company as per the statutory requirements for record retention except for
the payroll software at database level and for the erstwhile accounting software from 1st April, 2023 to 30th November, 2023.

51 Capital Management

For the purpose of managing capital, Capital includes issued equity share capital and all equity reserves attributable to the equity
share holders less reported cash and cash equivalents.

The objective of the company''s capital management are to:

- Safeguard their ability to continue as going concern so that they can continue to provide benefits to their shareholders.

- Maximise the wealth of the shareholder.

- Maintain optimum capital structure to reduce the cost of the capital.

The Company manages its capital structure and makes adjustments in light of changes in economic conditions and requirement of
financial covenants. In order to maintain or adjust the capital structure, the Company may adjust the dividend payment to shareholders,
return capital to shareholders or issue new shares. The company monitors capital using a gearing ratio, which is net debt divided
by total capital plus net debt. The Company includes within net debt, loans and borrowings, less cash and cash equivalents &
other bank balances.

52 Fair Value Measurement

Accounting Policy:

Fair Value instrument

Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market
participants at the measurement date, regardless of whether that price is directly observable or estimated using another valuation
technique. In estimating the fair value of an asset or a liability, the Company takes into account the characteristics of the asset or
liability if market participants would take those characteristics into account when pricing the asset or liability at the measurement date.
Fair value for measurement and/or disclosure purposes in the financial statement is determined on such a basis, leasing transactions
and measurements that have some similarities to fair value but are not fair value, such as net realisable value in Inventories or value
in use in Impairment of Assets.

Financial instruments

The estimated fair value of the Company''s financial instruments is based on market prices and valuation techniques. Valuations are
made with the objective to include relevant factors that market participants would consider in setting a price, and to apply accepted
economic and financial methodologies for the pricing of financial instruments. References for less active markets are carefully
reviewed to establish relevant and comparable data.

(C) FAIR VALUE HIERARCHY

Fair value of the financial instruments is classified in various fair value hierarchies based on the following three levels:

Level 1: Quoted prices (unadjusted) in active market for identical assets or liabilities.

Level 2: The fair value of financial instruments that are not traded in an active market is determined using valuation techniques
which maximize the use of observable market data and rely as little as possible on entity-specific estimates. If significant inputs
required to fair value an instrument are observable, the instrument is included in Level 2.

Level 3: Inputs for the assets or liabilities that are not based on observable market data (unobservable inputs).

If one or more of the significant inputs is not based on observable market data, the fair value is determined using generally accepted
pricing models based on a discounted cash flow analysis, with the most significant input being the discount rate that reflects the
credit risk of counterparty. This is the case with listed instruments where market is not liquid and for unlisted instruments.

(D) FINANCIAL ASSETS AND LIABILITIES MEASURED AT AMORTISED COST FOR WHICH FAIR VALUE ARE
DISCLOSED:

The Company has measured its Financial Assets and Financial Liabilities at Amortised Cost.

There are no transfer between levels during the year

The carrying amount of trade receivables, trade payables, cash and cash equivalents, loans, borrowings and other current
financial assets and liabilities approximated fair values largely due to the short term maturities.

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. The fair values of the investments in mutual
funds are derived from quoted market prices in active markets.

53 Financial Risk Management Objectives and Policies

The Company''s activities expose it to the following risks:

A) Credit risk

B) Liquidity risk

C) Market risk

(A) Credit Risk

Credit risk is the risk that counter party will not meet its obligations under a financial instruments or customer contract leading
to a financial loss. The Company is exposed to credit risk from its operating activities (primarily trade receivables) and from its
financing activities including deposits with banks and financial institutions, investments, foreign exchange transactions and other
financial instruments.

(i) Trade receivables and advances:

Credit risk refers to risk that counterparty will default on its contractual obligations resulting in financial loss to the Company.
Credit risk arises primarily from financial assets such as trade receivables, bank balances, loans, and other financial assets.

At each reporting date, the Company measures loss allowance for certain class of financial assets based on historical
trend, industry practices and the business environment in which the Company operates.

The Company recognises in profit or loss, the amount of expected credit losses (or reversal) that is required to adjust the
loss allowance at the reporting date in accordance with Ind AS 109. In determination of the allowances for credit losses on
trade receivables, the Company has used a practical expedience by computing the expected credit losses based on ageing
matrix, which has taken into account historical credit loss experience and adjusted for forward looking information.

(B) Liquidity risk

It is the risk that the Company will encounter difficulty in meeting the obligations associated with its financial liabilities that are
settled by delivering cash or another financial asset. The Company''s approach to managing liquidity is to ensure, as far as
possible, that it will always have sufficient liquidity to meet its liabilities when due, under both normal and stressed conditions,
without incurring unacceptable losses or risking damage to the Company''s reputation. Typically the Company ensures that it has
sufficient cash on demand to meet expected short term operational expenses. The Company''s objective is to maintain a balance
between continuity of funding and flexibility through the use of bank loans/internal accruals.The table below provides details
regarding the remaining contractual maturities of significant financial liabilities at the reporting date.

(C) Market risk is the risk that the fair value or future cash flows of a financial instrument will fluctuate because of changes in market
prices. Market risk comprises three type of risks: Commodity price risk, Foreign Exchange Risk and Interest Rate Risk.

(I) Commodity Price Risk

Company is affected by the price volatility of certain commodities, primarily, wheat grains, pulses and spices. Its operating
activities require the on-going purchase of these materials. The company has arrangement to pass-through the increase/
decrease in price of input materials through price variance clause in majority of the contract.

(II) Foreign Currency Risk

Foreign Exchange Risk is the exposure of the Company to the potential impact of the movement in foreign exchange rate.
The Company does not have any foreign currency exposure at the balance sheet date.

(III) Interest Rate Risk

Interest rate risk is the risk that the fair value or future cash flows of a financial instrument will fluctuate because of changes
in market rates. The company''s exposure to the risk of changes in market interest rate relates primarily to company''s
borrowing with floating interest rates. The Company do not have any significant interest rate risk on its current borrowing
due to their short tenure.

55 Initial Public Offer (IPO)

During the year, the Company has completed its Initial Public Offer (IPO) of 1,26,98,020 equity shares of face value of H 10 each at an
issue price of H 322 per share (including a share premium of H 312 per share). A discount of H30.00 per share was offered to existing
employees bidding in the employee reservation portion of 34,246 equity shares.The issue comprised of a fresh issue of 40,39,687
equity shares aggregating to H 13,000.00 Lakhs and offer for sale of 86,58,333 equity shares by the selling shareholders aggregating
to H 27,879.83 Lakhs, totalling to H 40,879.83 Lakhs. Pursuant to the IPO, the equity shares of the Company were listed on National
Stock Exchange of India Limited (NSE) and BSE Limited (BSE) on 29th September, 2025.

The total IPO expenses were estimated to be H 3,394.22 Lakhs (inclusive of tax), now revised to H 3,140.89 Lakhs which are
proportionately allocated between the selling shareholders and the Company in the proportion of equity shares sold by the selling
shareholders and issued by the Company. The utilization of IPO proceeds of H 11,920 Lakhs, now revised to H 11,971.05 Lakhs (net
of provisional IPO expenses of H 1,080 Lakhs, now revised to H 1,028.95 lakhs) is summarized below:

56 Employee Stock Option Scheme 2025’ (“ESOS 2025”)

The Board of Directors of the Company had approved an Employee Stock Option Scheme on 20th December, 2025. The said
Employee Stock Option Scheme 2025 (“ESOS 2025”) was further approved by the shareholders of the Company at the Extra¬
Ordinary General Meeting held on 16th January, 2026, under which the Company may grant not more than 8,08,000 (Eight Lakh Eight
Thousand Only) Options to the eligible employees in one or more tranches from time to time, which in aggregate exercisable into not
more than 8,08,000 (Eight Lakh Eight Thousand Only) Shares. The Shares shall be sourced from the Secondary Acquisition, from
time to time, through the Trust as determined by Nomination and Remuneration Committee. During the Financial year 2025 - 26, The
Ganesh ESOP Trust has purchased 5,24,500 equity shares of the Company from the open market amounting to Rs. 999.47 lakhs.
No options have been granted under the said Scheme as at 31st March, 2026 and accordingly, no expense has been recognised in
the financial statements for the year ended 31st March, 2026. The ESOS 2025 is administered by the Nomination and Remuneration
Committee of the Board of Directors of the Company (“the Committee”).

Only Employees within the meaning of ESOS 2025 are eligible for being granted Options. The specific Employees to whom the
Options would be granted, and their ESOS 2025 Eligibility Criteria shall be determined by the Committee upon recommendation of
the management of the Company. The broad criteria for appraisal and selection may include parameters like grade, criticality, skills,
potential contribution, and such other criteria as may be determined by the Committee at its sole discretion, from time to time.

Grants contemplated under the Scheme shall be made on such day and month as decided by the Committee at its discretion upon
recommendation of the management of the Company subject to the terms of the Scheme. The Options granted under the Scheme
shall Vest not earlier than the minimum Vesting Period of 1 (One) year and not later than maximum Vesting Period of 04 (Four) years
from the date of Grant. The Exercise Period for Vested Options shall be a maximum of 4 (four) years commencing from the date of
each Vesting or such other shorter period as may be prescribed by the Committee at the time of Grant. All the Vested Options can
be exercised by the Option Grantee at one time or at various points of time within the Exercise Period. The Exercise Price per Option
shall be determined by the Committee. However, the Exercise Price per Option shall not be less than the face value of the Share of
the Company. The specific Exercise Price shall be intimated to the Option Grantee in the Grant letter at the time of Grant.

57 Leases

Lease commitments

57.1 The Company has lease contracts for certain items of office premises, warehouses and land . The Company''s obligations under
leases are secured by the lessor''s title to the leased assets.

57.2 Applied a single discount rate to a portfolio of leases of similar assets in similar economic environment with a similar end date.

57.3 Applied the exemption not to recognize right-of-use assets and liabilities for leases with less than 12 months of lease term on
the date of initial application.

57.4 Excluded the initial direct costs from the measurement of the right-of-use asset at the date of initial application.

57.5 Set out below are the carrying amounts of lease liabilities included under financial liabilities and right to use asset and the
movements during the year.

58 Event Occurring after Balance sheet

The dividend declared by the Company is based on profits available for distribution as reported in the financial statements of the
Company. On 22nd May, 2026, the Board of Directors of the Company has proposed a dividend of H 2.50 per equity share of face value
of H 10 each in respect of the year ended 31st March, 2026, subject to the approval of shareholders at the Annual General Meeting. If
approved, the dividend would result in a cash outflow of approximately H 997.21 Lakhs (net of dividend on Treasury shares).