అకౌంట్స్ గమనికలుKCK Industries Ltd.

Mar 31, 2024

b. Terms/rights attached to equity shares

The company has issued one class of equity shares having a par value of Rs.10 per share. Each holder of equity shares is entitled to one vote per share. The company declares and pays dividend in Indian rupees. During the year ended March 31, 2024 the amount of dividend recognised as distributions to equity share holder''s was NIL. The distrbution will be in proportion to the number of equity share held by the equity shareholder.

In the event of liquidation of the company, the holders of equity share will be entitled to receive the 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 equity share holders.

Primary Security: CC/OD WHR limit with Central Bank of India is secured with pledged Ware House receipts(representing stock of Paddy) held at the warehouse of the M/s Star Agri Warehousing & Collateral Management Ltd.

Second,CC/OD limit with Central Bank of India is secured by Hypothecation of Stock, Book Debts and all current assets of the company.

Collateral Securities(CC/OD- Central Bankof India): 1. Hypothication of present & future P&M of the company and other fixed asset of the company, excluding vehicles financed by other banks.

2. Factory Land & Building measuring total 64 Kanal 12.5 marlas situated at Sunam-LehraGaga Road, village Khokhar Kalan, Tehsil LehraGaga, Distt. Sangrur in name of KCK Industries LTD.

Corporate Guarantee (CC/OD Central Bank of India): Persona/Corporate Gurantee of as follows:

1. Jagdish Prasad Arya s/o Keshraram Arya r/o 168 A, Ekta Vihar, Baltana, SAS nagar-140604. (Aadhar No. 8723-5551-2829).

2. Reena Sharma w/o Shrikant Sharma r/o Flat No. 103C, Metro Town, Peer Muchhala, Zirakpur-160104.(Aadhar No. 4057-8900-6409).

3. Ankit Kothari s/o Satyaveer Singh Kothari r/o H.No. 3009, Sector 28D, Chandigarh. (Aadhar No.8292-8373-1399).

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Mar 31, 2023

g) Provisions, Contingent Liabilities & Contingent Assets:

Provisions involving substantial degree of estimation in measurement are recognized when there is a present obligation as a result of past events and it is probable that there will be out flow of resources. Contingent liabilities are not recognized bdtsctosed in the notes. Contingent assets are neither recognized nor disclosed in the financial statements .

h) Expenditure:

Expenses are accounted on accrual basis.

i) Employee Benefits:

The company is not liable to pay retirement bene fits

j) Income Taxes:

Income Tax expense for the year comprises both current and deferred taxes. Current tax is measured at the amount expected to be paid to the tax authorities, using the applicable tax rates. It is recognized in the statementrofitp and lossDeferred Income Taxes reflect the impact of current year timing differences between taxable income and accounting income for the year and reversal of timing differences of early years. Deferred

tax is measured based on the tax rates and ttxelaws enacted or substantively enacted at the balance date. Deferred tax assets are recognized only to the extent that there is reasonable certainty that sufficient future taxable income will be available against which such deferred tax assets can bealrzed. Deferred tax assets are recognized on carry forward of unabsorbed deprecation and tax losses only if there is virtual certainty that such deferred tax assets can be realized against future taxable profits. Unrecognized deferred tax assets of lair years are reassessed and recognized to the extent that it has become reasonably certain that future taxable income will be available against which such deferred tax assets can be reali zed.

Deferred tax assets and liabilities are measured using Ihieateis and tax law that have been enacted or substantively enacted by the Balance Sheet date.

k) Earnings per Share:

Basic Earnings per Share is computed by dividing profit or loss at attributable to equity shareholders of the company by theeighted average number of equity share outstanding during the year.

For the purpose of calculating diluted Earnings per share, the net profit for the period attributable to equity shares and the weighted average number of equity share outstanding duringthe period is adjusted for the effect of all dilutive potential equity shares.

l) Cash Flow Statement

The cash flow statement is prepared in accordance with the Indian Accounting Standard (Ind AS-7 “Statement of Cash Flows” using the Indirect M ethod for operating activities.

m) Borrowing costs

Borrowing costs that are directly attributable to the acquisition or construction of a qualifying asset are capitaliz ed a part of cost of such asset. Qualifying asset is one that takes substantial peod of time to get ready for intended use. All other borrowing costs are recognized as expenditure in the period in which these are inciBoEdowing costs consist of interest and other costs that an entity incurs in connection with the bor rowing of funds.

n) Foreign Currency Transactions

No Transaction in F oreign Currency.

o) Government Grants

The company has not received any Government grants during the year.

3. Contingent Liabilities not provded

4. LEASES

The company at present does not have any operational lease contract.

5. SEGMENT REPORTING

The Company is in Two businesegment of Trading anM anufacturing.

8. Outstanding balances in sundry debtors & creditors subject to confirmation from the parties .External balance confirmation has not been performed.

9. Figures in brackets represent figures of previous year.

D Previous year’s figures have been regrouped and/or rearranged wherever considered necessary .

AS PER OUR REPORT OF EVEN DATE ATTACHED.

FOR DSP & ASSOCIAT ES CHARTERED ACCOUNTANTS

Sidharth Gupt a M .No .54D56

FRNC6791 N Jagdi sh Prasad Arya Reena Sharma

UDIN: 23541066BGZHYO2257 D irector Director

(D i n : 06496549) (Di®6883803)

H ar simran Jit Kaur C ompany Secretar y