అకౌంట్స్ గమనికలుGoldline Pharmaceutical Ltd.

11. Provisions, Contingent liabilities and Contingent Assets

A provision is recognised when the Company has a present 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 (excluding retirement 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. Contingent liabilities are disclosed in the Notes. Contingent assets are not recognised in
the financial statements.

2 (d) Terms of Equity and Preference shares

The company has only 1 class of equity shares having par value of Rs.10.00 per share. Each shareholder is eligible for one vote per share. In the event of
liquidation of the company, the holders of shares shall be entitled to receive any of the remaining assets of the company, after distribution of all preferential
amounts. The amount distributed will be in proportion to the number of equity shares held by the shareholders.

The Company has one class of non-convertible cumulative preference shares having a par value of ^ 100 per share. The shares carry a fixed cumulative dividend
right of 12% per annum. In the event of liquidation of the Company, the holders of these preference shares will have priority over equity shareholders in the
repayment of capital. The shares are non-convertible and are carrying a maturity tenure of 20 years from their respective dates of allotment

Note 4 (a) Details of Security and Terms of Repayment for Secured Borrowings

i) Term Loan from Bank of India : Loan is secured by the primary hypothication of the Company''s stocks and book debts.

The loan has a sanctioned limit of 69.35 Lakhs and carries interest rate of 7.50% p.a.. It is repayable in 60
installaments commencing from December 2021

ⁱⁱ⁾ Vehicle Loan from Banks :Loans are secured by specific hypothecation of the respective vehicles financed
under the credit facilities.

Comprises two vehicle loans with an aggregate sanctioned limit of t88.10 Lakhs, carrying interest rates
ranging from 6.85% to 7.50% p.a. Both loans are repayable in 84 installments, commencing from May 2022.

Note 4 (b) Details of Security and Terms of Repayment for Unsecured Borrowings

ⁱ⁾ From Banks : Comprises unsecured commercial and personal loans from Axis Bank Ltd, HDFC Bank, ICICI Bank Ltd,
Indusind Bank Ltd, Standard Chartered, IDFC First Bank and Kotak Mahindra Bank Ltd.

Loans have an aggregate sanctioned limit of t228 Lakhs, carrying interest rates ranging from 14.50% to 16.80% p.a. These
loans are repayable in monthly installments ranging from 24 to 48 months with varying commencement dates between
December 2020 and January 2024.

ii)

From Financial Institution :Comprises unsecured business loans from Credit Saison Finance, IIFL Finance, Bajaj Finance,
L&T Finance, Kisetsu Saison Finance India, Hero Fincorp, UGRO Capital Ltd, Poonawalla Fincorp, and Godrej Finance
Loans carry interest rates ranging from 16.00% to 18.00% p.a. and are repayable in monthly installments ranging from 36 to
60 months, with varying commencement dates between March 2023 and July 2024.
iiI) From Others :

a. Loan from Shri Sai Baba Credit Co-operative Society :

Unsecured business loan carrying an interest rate of 14.00% p.a., repayable in 60 monthly installments commencing from
February 2023.

b. Bill Discounting Facilities from Hiveloop Capital Pvt Ltd :

Comprises bill discounting facilities carrying interest rates between 16.80% and 17.55% p.a subject to yearly renewal.

Note 8 (a) Details of Security and Terms of Repayment for Short-Term Borrowings :

i Bank of India Cash Credit Facility :

and further secured by a Third-Party Collateral Property registered in the name of Mrs. Shyamla
Mujumdar.

The facility has a sanctioned limit of ?4,95 Crores, carries an interest rate of 10.16% p.a., and is repayable on demand.

ii Bank of India Overdraft Facility :

Nature oi Security : Secured by a primary charge on the company''s working capital assets and lurther
secured by Director Collateral Property registered in the names of Mr. Amol Mujumdar and Mr. Swapan
Khandelwal.

The facility has a sanctioned limit of ? 1.01 Crores, carries an interest rate of 10.15% p.a., and is repayable on demand.

(ii) Transactions during the year with related parties.

All transactions with related parties were carried out in the ordinary course of business and on an arm''s length basis. Approval of the Audit Committee and
Board of Directors has been obtained as required under the Companies Act, 2013

Note 32 : Segment Reporting

The Company primarily operates in one segment which comprises of Selling and Distribution of Medicines. Hence, separate business segment
information is not applicable.

Note 33: Additional Regulatory Information

Additional disclosure with respect to amendments to Schedule III

The Company do not have any Benami property, where any proceeding has been initiated or pending against them for holding any

1 Benami property.

The Company do not have any 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 (such as, search or survey or any other relevant

2 provisions of the Income Tax Act, 1961).

3 Company does not have any intangible assets under development.

The Company has not been declared a wilful defaulter by any bank or financial institution or other lender (as defined under the
Companies Act, 2013) or consortium thereof, in accordance with the guidelines on wilful defaulters issued by the Reserve Bank of

4 India.

The Company do not have any charges or satisfaction which is yet to be registered with Registrar of Companies (ROC) beyond the

5 statutory period.

The Company has not received any fund from any person(s) or entity(ies), including foreign entities (Funding Party) with the

6 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.

The Company have not entered into any scheme of arrangement which has an accounting impact on the current or previous financial

7 year

There are no transaction entered with companies struck off under section 248 of the Companies Act, 2013 or section 560 of the

8 Companies Act, 1956 as of and for the period ended 31 March 2026 and 31 March 2025

The Company has not advanced or loaned funds to any other person(s) or entity(ies), including foreign entities (Intermediaries) with

9 the understanding that the Intermediary shall:

directly or indirectly lend in other persons or entities identified in any manner whatsoever by or on behalf of the group (Ultimate
i) Beneficiaries) or

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

10 Title Deeds of Immovable Property Not Held in the Name of the Company : The title deeds of the underlying immovable land and
building property are held in the name of Mr. Amol Laxmikant Mujumdar (Director of the Company) and Mrs. Aishwarya Majumdar
(Relative of the Director), who are the absolute owners of the premises. The company does not own the freehold title of the underlying
real estate asset." And the company has incurred substantial renovation and structural development costs on the office premises
taken on a lease/rental arrangement. These costs have been capitalized under the asset class ''Property, Plant and Equipment -
Buildings

11 The Ministry of Corporate Affairs (MCA) has prescribed a new requirement for companies under the proviso to Rule 3(1) of the
Companies (Accounts) Rules, 2014 inserted by the Companies (Accounts) Amendment Rules 2021 requiring companies, which uses
accounting software for maintaining its books of account, shall use only such accounting software which has a feature of recording
audit trail of each and every transaction, creating an edit log of each change made in the books of account along with the date when
such changes were made and ensuring that the audit trail cannot be disabled.

The Company, in respect of financial year commencing on 1 April 2023 has used an accounting software for maintaining its books of
account which has a feature of recording audit trail (edit log).

12 Previous year figures are regrouped / rearranged wherever necessary.