అకౌంట్స్ గమనికలుMKP Mobility Ltd.

Mar 31, 2025

Where the entity has transferred an asset, the Company evaluates whether it has transferred substantially
all risks and rewards of ownership of the financial asset. In such cases, the financial asset is derecognised.
Where the entity has not transferred substantially all risks and rewards of ownership of the financial
asset, the financial asset is not derecognised.

Where the entity has neither transferred a financial asset nor retains substantially all risks and rewards of
ownership of the financial asset, the financial asset is derecognised if the Company has not retained
control of the financial asset. Where the Company retains control of the financial asset, the asset is
continued to be recognised to the extent of continuing involvement in the financial asset.

2.7 Income tax

The income tax expense or credit for the period is the tax payable on the current period’s taxable income
based on the applicable income tax rate for each jurisdiction adjusted by changes in deferred tax assets
and liabilities attributable to temporary differences and to unused tax losses.

The current income tax charge is calculated on the basis of the tax laws enacted or substantively enacted
at the end of the reporting period in India where the company operates and generates taxable income.
Management periodically evaluates positions taken in tax returns with respect to situations in which
applicable tax regulation is subject to interpretation and considers whether it is probable that a taxation
authority will accept an uncertain tax treatment.

The Company measures its tax balances either based on the most likely amount or the expected value,
depending on which method provides a better prediction of the resolution of the uncertainty.

Deferred income tax is provided in full, using the liability method, on temporary differences arising
between the tax bases of assets and liabilities and their carrying amounts in the standalone financial
statements. Deferred income tax is also not accounted for if it arises from initial recognition of an asset
or liability in a transaction other than a business combination that at the time of the transaction affects
neither accounting profit nor taxable profit (tax loss). Deferred income tax is determined using tax rates
(and laws) that have been enacted or substantially enacted by the end of the reporting period and are
expected to apply when the related deferred income tax asset is realised or the deferred income tax
liability is settled.

Deferred tax assets are recognised for all deductible temporary differences and unused tax losses only if it
is probable that future taxable amounts will be available to utilise those temporary differences and
losses.

Deferred tax assets and liabilities are offset where there is a legally enforceable right to offset current
tax assets and liabilities and where the deferred tax balances relate to the same taxation authority.
Current tax assets and tax liabilities are offset where the entity has a legally enforceable right to offset
and intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Current and deferred tax is recognised in profit or loss, except to the extent that it relates to items
recognised in other comprehensive income or directly in equity. In this case, the tax is also recognised in
other comprehensive income or directly in equity, respectively.

2.8 Inventories

Cost of inventories for traded goods is computed on weighted-average basis. Inventories are stated at
lower of cost or net realisable value. The cost of stock-in-trade includes direct expenses.

Net realisable value is the estimated selling price in the ordinary course of business less any applicable
selling expenses.

2.9 T rade and other payables

These amounts represent liabilities for goods and services provided to the Company prior to the end of the
financial year which are unpaid. The amounts are unsecured and are usually paid within the agreed credit
days of recognition. Trade and other payables are presented as current liabilities unless payment is not
due within 12 months after the reporting period. They are recognised initially at their fair value and
subsequently measured at amortised cost using the effective interest method.

2.10 Revenue recognition policy

The Company accounts for a contract when it has approval and commitment from parties involved, the
rights of the parties are identified, payment terms are identified, the contract has commercial substance
and collectability of consideration is probable.

Revenue from the sale of goods is recognized at the point in time when control is transferred to the
customer - based on delivery terms, payment terms, customer acceptance and other indicators of control
as mentioned above.

The Company recognizes revenue in the gross amount of consideration when it is acting as a principal and
at net amount of consideration when it is acting as an agent. Revenue is measured based on the
transaction price, which is the consideration, adjusted for volume discounts, performance bonuses, price
concessions and incentives, if any, as specified in the contract with the customer. Revenue also excludes
taxes collected from customers.

Revenue from contract with customers is recognized when the Company satisfies performance obligations
by transferring promised goods to the customer. Performance obligations are satisfied at the point of time
when the customer obtains controls of the asset. Revenue is measured based on transaction price, which
is the fair value of consideration received or receivable, stated net of discounts, returns and value added
tax. Transaction price is recognized based on the price specified in the contract, net of the estimated
sales incentives/discounts. Accumulated experience is used to estimate and provide for the
discounts/right of the return, using the expected value method.

The Company assesses for the timing of revenue recognition in case of each distinct performance
obligation. The Company first assesses whether the revenue can be recognized over time as it performs if
any of the following criteria is met:

(a) The customer simultaneously consumes the benefits as the Company performs, or

(b) The customer controls the work-in-progress, or

(c) The Company’s performance does not create an asset with alternative use to the Company and the
Company has right to payment for performance completed till date.

If none of the criteria above are met, the Company recognizes revenue at a point-in-time. The point-in¬
time is determined when the control of the goods or services is transferred which is generally determined
based on when the significant risks and rewards of ownership are transferred to the customer. Apart from
this, the Company also considers its present right to payment, the legal title to the goods, the physical
possession and the customer acceptance in determining the point in time where control has been
transferred.

2.11 Interest income

Interest income from financial assets at fair value through profit or loss is disclosed as interest income
within other income. Interest income on financial assets at amortised cost and financial assets at FVOCI is

calculated using the effective interest method is recognised in the statement of profit and loss as part of

other income.

2.12 Earnings per share

(i) Basic earnings per share

Basic earnings per share is calculated by dividing:

• the profit attributable to equity shareholders 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.

(ii) Diluted earnings per share

Diluted earnings per share adjusts 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.

Liability Risks

Asset-Liability Mismatch Risk-

Risk which arises if there is a mismatch in the duration of the assets relative to the liabilities. By matching duration with the defined benefit
liabilities, the company is successfully able to neutralize valuation swings caused by interest rate movements. Hence companies are
encouraged to adopt asset-liability management.

Discount Rate Risk-

Variations in the discount rate used to compute the present value of the liabilities may seem small, but in practise can have a significant
impact on the defined benefit liabilities.

Future Salary Escalation and Inflation Risk -

Since price inflation and salary growth are linked economically, they are combined for disclosure purposes. Rising salaries will often result in
higher future defined benefit payments resulting in a higher present value of liabilities especially unexpected salary increases provided at
management''s discretion may lead to uncertainities in estimating this increasing risk.

Level 1: Level 1 hierarchy includes financial instruments measured using quoted prices. However the Company does not have any financial instruments that are
measured using Level 1 inputs.

Level 2: The fair value of derivatives is determined using valuation techniques which maximise the use of observable market data and rely as little as possible on
entity-specific estimates. If all significant inputs required to fair value an instrument are observable, the instrument is included in Level 2.

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

ii) Fair value of financial assets and liabilities measured at amortised cost

The fair value of all financial instruments carried at amortised cost are not materially different from their carrying amounts, since they are either short-term in
nature or the interest rate applicable are equal to the current market rate of interest.

The Company’s principal financial liabilities comprises of borrowings, lease liabilities , trade and other payables (including capital creditors). The main purpose of these
financial liabilities is to finance the Company’s operations. The Company’s principal financial assets include loans given, trade and other receivables, and cash and cash
equivalents that are derived directly from its operations.

The Company is exposed to the following risks from the use of financial instruments:

(a) credit risk,

(b) liquidity risk, and

(c) market risk,

(i) foreign currency exchange risk, and

(ii) interest rate risk.

The Company’s senior management oversees the management of these risks. The Company’s financial risk activities are governed by appropriate policies and procedures and
financial risks are identified, measured and managed in accordance with the Company’s policies and risk objectives. The Board of Directors reviews and agrees policies for
managing each of these risks, which are summarized below.

(a) Credit Risk

The Company is exposed to credit risk as a result of counterparties defaulting their obligations. The Company''s exposure to credit risk primarily relates to trade receivables.

The Company monitors and limits its exposure to credit risks on a reasonable basis. The Company''s credit risk is associated with Trade Receivables is primarily related to
customers not able to settle their obligations as agreed upon. To manage this, the Company periodically reviews the financial reliability of its customers, taken into account
their financial conditions, current economic trends, analysis of historical bad debts and ageing of trade receivables.

Financial instruments that are subject to such risks, principally consist of trade receivables,contract assets such as security deposits and cash and bank balances. None of the
financial instruments of the Company results in material concentration of credit risk.

(b) Liquidity Risk

The Company is exposed to liquidity risk related to its ability to fund its obligations as and when they become due. The Company monitors and manages the liquidity risk to
ensure access to sufficient fund to meet operational and financial requirements. The Company has access to credit facilities and monitors cash and bank balances on a regular
basis. In relation to the Company''s liquidity risk , the Company''s policy is to ensure that it will have sufficient liquidity to meet its liabilities when due, under both normal and
stressed conditions without incurring unacceptable losses.

The table below analyzes the Company''s financial liabilities into relevent maturity groupings based on their contractual maturities.

Reasons for Change more than 25% from previous year

1) Current Ratio: Decrease in current ratio due to substantial increase in current liabilities as compared to current assets.

2) Debt-Equity Ratio & Debt Service Coverage Ratio : Increase in these ratios is due to loans and borrowings during the current year.

3) Return on Equity Ratio : Return on equity has decreased on account of substantial decrease in profits of the company during the year.

4) Trade Receivables turnover ratio : Decrease in trade recievable ratio is due to substantial increase in outstanding balance of trade recievables of the company.

5) Trade Payable turnover ratio : Increase in trade payable ratio is due to substantial increase in purchases and decrease in outstanding balance of trade payables of the company.

6) Net capital turnover ratio: Increase in the ratio is on account of substantial increase in sales of the company.

7) Net profit ratio : Decrease in the ratio is due to substantial decrease in the profits of the company.

8) Return on capital employed: Increase in return on capital employed is on account of significant increase in EBIT during the year.

36 Capital Management

For the purpose of the Company’s capital management, capital includes issued equity share capital and all other equity reserves
attributable to the equity holders of the Company. The primary objective of the Company’s capital management is to ensure that it
maintains a strong credit rating in order to support its business activities and maximize brand value.

The Company manages its capital and makes adjustments to it in light of the changes in economic and market conditions.

37 Micro, Small and Medium Enterprises Development Act, 2006

As per the information available, the management has not received information from some of their suppliers for the year ended 31
March, 2025 confirming that they are covered under Micro, Small and Medium Enterprises Development Act, 2006. In Management’s
view, the impact of any interest that may be payable (in accordance with the provisions of the Micro, Small and Medium Enterprise
Development Act, 2006) on delayed payments to its micro or small suppliers is not expected to be significant.

38 Segment Information

As the Company''s business activities fall within a single primary business segment viz. auto components for two wheeler and for three
wheeler industry, the disclousure requirement of Indian Accounting standard (IND AS- 108) "Operating segments" are not applicable.

39 Additional Regulatory Disclosures As Per Schedule III Of Companies Act, 2013

i) There are no Immovable Property in the name of company during the year.

ii) The Company does not have any Benami property, where any proceedings has been initiated or pending against the Company for
holding any Benami property.

iii) The company has not been declared wilful defaulter by bank or financial institution or government or any government authority.

^iv) The Company does not have any transactions with the Struck off Companies as per section 248 of the Companies Act, 2013 or section
560 of Companies Act,1956, during the current year and in the previous year.

v) Compliance with number of layers of companies - Not Applicable as the Company has complied with the number of layers prescribed
under clause (87) of section 2 of the Act read with Companies (Restriction on number of Layers) Rules, 2017.

vi) Compliance with approved Scheme(s) of Arrangements - Not Applicable as the Company has no Scheme of Arrangements that has been
approved by the Competent Authority in terms of sections 230 to 237 of the Companies Act, 2013.

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

viii) There were no whistle blower complaints received by the Company during the year.

ix) The Company does not have any such transaction which is not recorded in the books of accounts that have been surrendered or
disclosed as income during the year in the tax assessments under the Income-tax Act, 1961.

x) The Company does not have any intangible assets under development, whose completion is overdue or has exceeded its cost compared
to its original plan.

^xi) 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) Provided any guarantee, security or the like to or on behalf of the Ultimate Beneficiaries.

xii) The Company has not received any fund from any person(s) or entity(ies), including foreign entities (Funding Party) with the
understanding (whether recorded in writing or otherwise) that the Company shall:

(a) 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

b) Provided any guarantee, security or the like on behalf of the Ultimate Beneficiaries.

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

40 Previous year figures

Figures of the previous year have been regrouped /reclassified wherever considered necessary to confirm to current year''s
classification.

For Shah Khandelwal Jain & Associates For and on behalf of the Board of Directors of

Chartered Accountants For MKP Mobility Limited

Firm No.: 142740W CIN: L50100PN1990PLC242336

Ashish Khandelwal Jitesh Mahendra Patodia Aanjan Jitesh Patodia

Partner Managing Director Director

Membership No.: 049278 DIN: 09700718 DIN: 09813961

Place : Pune Place : Pune Place : Pune

Date: 30-05-2025 Date: 30-05-2025 Date: 30-05-2025

Aditi Waikar Saheb Dumbwani

Chief Financial Officer CS & Compliance officer

Place : Pune Place : Pune

Date: 30-05-2025 Date: 30-05-2025

---

Mar 31, 2024

(c) Terms/ rights attached to equity shares

The equity shares referred to as ''Ordinary equity shares'' have a par value of Rs. 10 each. All Ordinary equity shares rank equally with regard to dividend and share in the Company’s residual assets. Equity shares are entitled to receive dividend declared from time to time subject to payment of dividend to preference shareholders. On winding up of the Company, the holders of equity shares will be entitled to receive the residual assets of the Company, remaining after distribution of all preferential amounts in proportion to the number of equity shares held.

The management assessed that the fair value of cash and cash equivalents, trade receivables, trade payables and other current financial assets and liabilities approximate their carrying amounts, largely due to the short term nature of these balances.

The fair value of the financial assets and liabilities is 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 management assessed that the carrying amounts of its financial instruments are reasonable approximations of fair values. i) Fair value hierarchy

This section explains the judgements and estimates made 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 has classified its financial instruments into three levels prescribed under the accounting standard. An explanation of each level follows underneath the table.

Level 1: Level 1 hierarchy includes financial instruments measured using quoted prices. However the Company does not have any financial instruments that are measured using Level 1 inputs.

Level 2: The fair value of derivatives is determined using valuation techniques which maximise the use of observable market data and rely as little as possible on entity-specific estimates. If all significant inputs required to fair value an instrument are observable, the instrument is included in Level 2.

Level 3: If one or more of the significant inputs is not based on observable market data, the instrument is included in level 3. ii) Fair value of financial assets and liabilities measured at amortised cost

The fair value of all financial instruments carried at amortised cost are not materially different from their carrying amounts, since they are either short-term in nature or the interest rate applicable are equal to the current market rate of interest.

The Company’s principal financial liabilities comprises of borrowings, lease liabilities , trade and other payables (including capital creditors). The main purpose of these financial liabilities is to finance the Company’s operations. The Company’s principal financial assets include loans given, trade and other receivables, and cash and cash equivalents that are derived directly from its operations.

The Company is exposed to the following risks from the use of financial instruments:

(a) credit risk,

(b) liquidity risk, and

(c) market risk,

(i) foreign currency exchange risk, and

(ii) interest rate risk.

The Company’s senior management oversees the management of these risks. The Company’s financial risk activities are governed by appropriate policies and procedures and financial risks are identified, measured and managed in accordance with the Company’s policies and risk objectives. The Board of Directors reviews and agrees policies for managing each of these risks, which are summarized below.

(a) Credit Risk

The Company is exposed to credit risk as a result of counterparties defaulting their obligations. The Company''s exposure to credit risk primarily relates to trade receivables. The Company monitors and limits its exposure to credit risks on a reasonable basis. The Company''s credit risk is associated with Trade Receivables is primarily related to customers not able to settle their obligations as agreed upon. To manage this, the Company periodically reviews the financial reliability of its customers, taken into account their financial conditions, current economic trends, analysis of historical bad debts and ageing of trade receivables.

Financial instruments that are subject to such risks, principally consist of trade receivables,contract assets such as security deposits and cash and bank balances. None of the financial instruments of the Company results in material concentration of credit risk.

(b) Liquidity Risk

The Company is exposed to liquidity risk related to its ability to fund its obligations as and when they become due. The Company monitors and manages the liquidity risk to ensure access to sufficient fund to meet operational and financial requirements. The Company has access to credit facilities and monitors cash and bank balances on a regular basis. In relation to the Company''s liquidity risk , the Company''s policy is to ensure that it will have sufficient liquidity to meet its liabilities when due, under both normal and stressed conditions without incurring unacceptable losses.

^(c) Market risk

Market risk is the risk of any loss in the future earnings, in realisable fair values or in future cash flows that may result from a change in the price of a financial instrument. The value of a financial instrument may change due to change in interest rates, foreign currency exchange rates, liquidity, and other market changes. Future specific market movements cannot be market predicted with reasonable accuracy.

(i) Foreign currency exchange rate risk

The Company deals with receivables from customers and payables to vendors. It is therefore exposed to foreign exchange risk associated with exchange rate movements.The foreign exchange rate fluctuations do not have any material impact on the profitability of the Company as such exports and foreign currency expenditure is negligible in totality.

There are no forward exchange contracts which have been entered into by the Company as on the reporting dates.

Reasons for Change more than 25% from previous year

1) Current Ratio: Decrease in current ratio due to substantial increase in current liabilities as compared to current assets.

2) Return on Equity Ratio : Return on equity has increased on account of substantial increase in profits of the company during the year.

3) Trade Receivables turnover ratio : Increase in trade recievable ratio is due to substantial increase in revenue of the company.

3) Trade Payable turnover ratio : Increase in trade payable ratio is due to substantial increase in purchases of the company.

5) Net capital turnover ratio: Increase in the ratio is on account of substantial increase in sales of the company.

6) Net profit ratio : Increase in the ratio is due to substantial increase in the turnover of the company.

7) Return on capital employed: Increase in return on capital employed is on account of significant increase in EBIT during the year.

31 Capital Management

For the purpose of the Company’s capital management, capital includes issued equity share capital and all other equity reserves attributable to the equity holders of the Company. The primary objective of the Company’s capital management is to ensure that it maintains a strong credit rating in order to support its business activities and maximize brand value.

The Company manages its capital and makes adjustments to it in light of the changes in economic and market conditions.

32 Micro, Small and Medium Enterprises Development Act, 2006

As per the information available, the management has not received information from some of their suppliers for the year ended 31 March, 2024 confirming that they are covered under Micro, Small and Medium Enterprises Development Act, 2006. In Management’s view, the impact of any interest that may be payable (in accordance with the provisions of the Micro, Small and Medium Enterprise Development Act, 2006) on delayed payments to its micro or small suppliers is not expected to be significant.

33 Segment Information

As the Company''s business activities fall within a single primary business segment viz. auto components for two wheeler and for three wheeler industry, the disclousure requirement of Indian Accounting standard (IND AS- 108) "Operating segments" are not applicable.

34 Additional Regulatory Disclosures As Per Schedule III Of Companies Act, 2013

i) There are no Immovable Property in the name of company during the year.

ii) The Company does not have any Benami property, where any proceedings has been initiated or pending against the Company for holding any Benami property.

iii) The company has not been declared wilful defaulter by bank or financial institution or government or any government authority.

i_v) The Company does not have any transactions with the Struck off Companies as per section 248 of the Companies Act, 2013 or section 560 of Companies Act,1956, during the current year and in the previous year.

_v) Compliance with number of layers of companies - Not Applicable as the Company has complied with the number of layers prescribed under clause (87) of section 2 of the Act read with Companies (Restriction on number of Layers) Rules, 2017.

vi) Compliance with approved Scheme(s) of Arrangements - Not Applicable as the Company has no Scheme of Arrangements that has been approved by the Competent Authority in terms of sections 230 to 237 of the Companies Act, 2013.

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

viii) There were no whistle blower complaints received by the Company during the year.

ix) The Company does not have any such transaction which is not recorded in the books of accounts that have been surrendered or disclosed as income during the year in the tax assessments under the Income-tax Act, 1961.

x) The Company does not have any intangible assets under development, whose completion is overdue or has exceeded its cost compared to its original plan.

xi) 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) Provided any guarantee, security or the like to or on behalf of the Ultimate Beneficiaries.

xii) The Company has not received any fund from any person(s) or entity(ies), including foreign entities (Funding Party) with the understanding (whether recorded in writing or otherwise) that the Company shall:

(a) 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

b) Provided any guarantee, security or the like on behalf of the Ultimate Beneficiaries.

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

35 Previous year figures

Figures of the previous year have been regrouped /reclassified wherever considered necessary to confirm to current year''s classification.

---

Mar 31, 2014

Not Available.

---

Mar 31, 2013

1.1 As per Accounting Standard 15 "Employee benefits", the disclosures as defined in the AS are given belov Defined Contribution Plans Contribution to Defined Contribution Plans, recognised as expense for the year is Nil (Previous year Nil)

2 RELATED PARTY DISCLOSURES:

As per Accounting Standard 18, the disclosures of transactions with the related parties are given below: 16.1 List of related parties where control exists and related parties with whom transactions have takien palce and relationships:

2.2 Transactions during the year with related parties Nil (Previous year Nil)

3 As per Accounting Standard (AS) 17 on "Segment Reporting": as there is no particular operational activity, segment wise performance is not applicable.

4 CONTINTENT LIABILITIES & COMMITMENTS

Claims against the company / disputed liabilities not acknowledged as

The Company has received a suo moto notice under KTEG Act from Commissioner of Commercial Taxes, Bangalore, in respect of assessment year 92-93, demanding to pay tax of Rs.3.91 Laksh on plant and machinery which were bought by the company during the AY 92-93. However Company has filed objections/application to rectify the order which is due consideration with the said authority

---

Mar 31, 2012

1 RELATED PARTY DISCLOSURES:

As per Accounting Standard 18, the disclosures of transactions with the related parties are given below: 16.1 List of related parties where control exists and related parties with whom transactions have takien palce and relationships:

1.1 Transactions during the year with related parties Nil (Previous year Nil)

2 As per Accounting Standard (AS) 17 on "Segment Reporting": as there is no particular operational activity, segment wise performance is not applicable,

3 CONTINTENT LIABILITIES & COMMITMENTS

Claims against the company / disputed liabilities not acknowledged as debts Rs. in lacs

3.91 3.91

TOTAL 3.91 3.91

The Company has received a suo moto notice under KTEG Act from Commissioner of Commercial Taxes, Bangalore, in respect of assessment year 92-93, demanding to pay tax of Rs.3.91 Laksh on plant and machinery which were bought by the company during the AY 92-93. However Company has filed objections/application to rectify the order which is d ue consideration with the said authority

---

Mar 31, 2011

1. Pursuant to approval of the members through postal ballot on 30.10.2008, the Company has amended the main objects of the Company accordingly Company has stopped the spinning activity from 31.12.2008.

2. Contingent Liabilities:

The Company has received a suo moto notice under KTEG Act from Commissioner of Commercial Taxes, Bangalore, in respect of assessment year 92-93, demanding to pay tax of Rs.3.91 Laksh on plant and machinery which were bought by the company during the AY 92-93. However Company has filed objections/application to rectify the order which is due consideration with the said authority

3. The Company has not yet appointed Company Secretary in terms of section 383A of the Companies Act of 1956.

4. Sundry Creditors, Debtors, Deposits, Loans & Advances recoverable on cash or in kind are subject to confirmation.

5. The company has been accounting gratuity on cash basis instead of accrual basis to maintain consistency in accounting method followed by the Company. During the year an amount of Rs.Nil (Previous year Rs.84,400/-) has been made towards Gratuity settlement.

6. Previous figures have been re-grouped and/or re-classified wherever necessary in order to be in conformity with current years presentation.

7. As the Company has no taxable income for the A.Y. 2011-2012, no tax provision is made. Taking into account the consideration of prudence, no asset or liability is anticipated on account of deferred tax.

8. AS-18: Related Party Transactions

Name of the related parties and description of the related parties:

Sri S. Vishwanath Executive Director

Sri S. Rajasekharappa Executive Director

Sri S. Chandrashekar Non Executive Director

M/s.. Chitradurga Sunflower The company in which the Oil Complex (P) Ltd., the relatives of key management personnel's are interested

Transactions during the year:NIL

9. Figures have been rounded off to the nearest rupees value.

---

Mar 31, 2010

1. Contingent Liabilities:

The Company has received a suo moto notice under KTEG Act from Commissioner of Commercial Taxes, Bangalore, in respect of assessment year 92-93, demanding to pay tax of Rs.3.91 Laksh on plant and machinery which company has bought during the AY 92-93. However Company has filed objections/application to rectify the order which is due consideration with the said authority

2. The Company has not yet appointed Company Secretary in terms of section 383A of the Companies Act of 1956.

3. Sundry Creditors, Debtors, Deposits, Loans & Advances recoverable on cash or in kind are subject to confirmation.

4. The company has been accounting gratuity on cash basis instead of accrual basis to maintain consistency in accounting method followed by the Company. During the year an amount of Rs.84,400/- (Previous year Rs.82,,774/-) has been made towards Gratuity settlement.

5. Previous figures have been re-grouped and/or re-classified wherever necessary in order to be in conformity with current years presentation.

6. As the Company has no taxable income for the A.Y. 2010-2011, no tax provision is made. Taking into account the consideration of prudence, no asset or liability is anticipated on account of deferred tax.

7. AS-18: Related Party Transactions

Name of the related parties and description of the related parties:

Sri S. Vishwanath Executive Director

Sri S. Rajasekharappa Executive Director

Sri S. Chandrashekar Non Executive Director

M/s.Chitradurga Sunflower Oil Complex Ltd. The Company in which the relatives of key management personnels are interested



Transactions during the year

Nature of Relationship Nature of Transaction Amount in lacs

The Company in which the relatives of key management Loan recovered 40.00

personnels are interested.

8. AS-20 : Earning Per Share

a. Loss for the year Rs.89.74 lacs

b. Shares outstanding 4610300 shares

c. Basic & Diluted EPS Rs. (1.95) per share

9. Figures have been rounded off to the nearest rupees value.