అకౌంట్స్ గమనికలుNarmada Macplast Drip Irrigation Systems Ltd.

Mar 31, 2025

n Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event,
it is probable that the Company will be required to settle the obligation, and a reliable estimate can be made of the
amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation
at the end of the reporting period, taking into account the risks and uncertainties surrounding the obligation. When a
provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present
value of those cash flows (when the effect of the time value of money is material).

An onerous contract is a contract under which the unavoidable costs (i.e., the costs that the Company cannot avoid
because it has the contract) of meeting the obligations under the contract exceed the economic benefits expected to
be received under it. The unavoidable costs under a contract reflect the least net cost of exiting from the contract,
which is the lower of the cost of fulfilling it and any compensation or penalties arising from failure to fulfil it. The cost of
fulfilling a contract comprises the costs that relate directly to the contract (i.e., both incremental costs and an allocation
of costs directly related to contract activities).

o Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and on hand and short-term deposits with original maturities of three
months or less that are readily convertible to known amounts of cash and which are subject to an insignificant risk of
changes in value.

p Earnings per share

Basic earnings per share is computed by dividing the profit after tax by the weighted average number of equity shares
outstanding during the year.

Diluted earnings per share is computed by dividing the profit after tax as adjusted for dividend, interest and other
charges to expense or income relating to the dilutive potential equity shares, by the weighted average number of
equity shares considered for deriving basic earnings per share and the weighted average number of equity shares which
could have been issued on the conversion of all dilutive potential equity shares.

^q Impact of the initial application of new and amended IndASs that are effective in the current year that begins on or
after April 1,2024.

Ministry of Corporate Affairs ("MCA") notifies new standards or amendments to the existing standards under
Companies (Indian Accounting Standards) Rules as issued from time to time. For the year ended March 31, 2025, MCA
has notified Ind AS - 117 Insurance Contracts and amendments to Ind AS 116 - Leases, relating to sale and leaseback
transactions, applicable to the Company w.e.f. April 1, 2024. The Company has reviewed the new pronouncements and
based on its evaluation has determined that it does not have any significant impact in its financial statements Standards
issued but not yet effective:

Ministry of Corporate Affairs ("MCA") notifies new standards or amendments to the existing standards under
Companies (Indian Accounting Standards) Rules as issued from time to time.

MCA has notified amendments to the existing standards IND AS 21: The Effects of changes in Foreign Exchange rates
applicable to the Group w.e.f. April 01, 2025 to address concerns about currency exchangeability and provide guidance
on estimating spot exchange rates when a currency is not exchangeable. There is no significant impact on the Company
in the current year.

Dividends: Provision is made for the amount of any dividend declared, being appropriately authorised and no longer at
the discretion of the entity, on or before the end of the reporting period but not distributed at the end of the reporting
period.

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

Going Concern: The directors have, at the time of approving the financial statements, a reasonable expectation that the
Company has adequate resources to continue in operational existence for the forseeable future. When preparing
financial statements, management makes an assessment of the Company''s ability to continue as going concern.
Financial statements is prepared on going concern basis unless management either intends to liquidate the company or
to cease trading, or has no realistic alternative but to do so. When management is aware, in making its assessment, of
material uncertainties related to events or conditions that may cast significant doubt upon the group''s ability to
continue as going concern, those uncertainties are disclosed. When the financial statement is not prepared on a going
concern basis, that face is disclosed, together with the basis on which the financial statement is prepared and the
reason why the group is not regarded as going concern.

Equity Shares: The Company has one class of equity shares. Each shareholder is eligible for one vote per share held. The
dividend proposed by the Board of Directors is subject to the approval of the shareholders in the ensuing Annual General
Meeting, except in case of interim dividend. In the event of liquidation, the equity shareholders are eligible to receive the
remaining assets of the Company after distribution of all preferential amounts, in proportion to their shareholding.

Information About Performance Obligations

All of the company''s revenue is recognized at a point in time. The specific point at which control transfers and revenue is
recognized for each product and service is as follows:

* Sale of Products : Revenue is recognized when the customer gains control of the products.

* Technical and professional services : Revenue is recognized upon the delivery of the final consultancy report or completion
of the engagement.

Since there are no long-term contracts where performance is satisfied over time, there are no remaining performance
obligations to be disclosed at the end of the reporting period.

The significant judgement applied in determining revenue recognition is identifying the specific point in time at which the
customer obtains control of the promised service. The company has determined that control transfers upon the completion
and delivery of its services at a point in time.

28 Financial Instrument

Financial Risk Management - Objectives and Policies

The key objective of the Company''s financial risk management is to ensure that it maintains a stable capital structure with
the focus on total equity to uphold investor, creditor, and customer confidence and to ensure future development of its
business. The Company is focused on maintaining a strong equity base to ensure independence, security, as well as financial
flexibility for potential future borrowings, if required without impacting the risk profile of the Company.

Company''s principal financial liabilities, comprise Borrowings, trade payables and other payables. The main purpose of
these financial liabilities is to finance Company''s operations. Company''s principal financial assets include trade and other
receivables and cash & cash equivalents. Company is exposed to interest rate risk, credit risk and liquidity risk.

The Company''s Board oversees the management of these risks. The Company''s Board is supported by senior management
team that advises on financial risks and the appropriate financial risk governance framework for the Company. The senior
management provides assurance to the Company''s Board that the Company''s financial risk activities are governed by
appropriate policies and procedures and that financial risks are identified, measured and managed in accordance with the
Company''s policies and risk objectives.

B. Market Risk

(a) Interest Rate Risk

Interest rate risk is the risk that the fair value of future cash flows of a financial liability will fluctuate because of changes in
market interest rates.

C. Credit Risk

Credit risk refers to the risk of default on its obligation by the counterparty resulting in a financial loss. The Company is
exposed to credit risk mainly from its operating activities (primarily trade receivables).

Credit risk on trade receivables is managed by the Company through credit approvals, establishing credit limits and
continuously monitoring the creditworthiness of customers to which the Company grants credit terms in the normal course
of business. The Company has no concentration of risk as customer base in widely distributed both economically and
geographically.

D. Liquidity Risk

Liquidity risk is the risk that the Company may not be able to meet its present and future cash flow obligations without
incurring unacceptable losses. Company''s objective is to, at all time maintain optimum levels of liquidity to meet its cash
requirements. Company closely monitors its liquidity position and deploys a robust cash management system. It maintains
adequate sources of financing including overdraft, debt from banks at optimised cost and cash flow from operations.

E. Capital Management

For the purpose of the Company''s capital management, capital includes issued equity capital and all other equity reserves.
The primary objective of the Company''s capital management is to maximise the shareholder value.

The Company manages its capital structure and makes adjustments in light of changes in economic conditions and the
requirements of the financial covenants. Company monitors capital using a gearing ratio, which is net debts divided by total
equity plus net debts. Net debt are non-current and current borrowings as reduced by cash and cash equivalents, other
bank balances and current investments. Equity comprises all components including other comprehensive income.

The Company has not been declared willful defaulter by any bank or financial institution or government or any government
authority.

The Company has no borrowings from banks and financial institutions on the basis of security of current assets.

The Company does not hold any benami property. No proceedings have been initiated on the Company or are pending
against the Company for holding benami property under the Benami Transactions (Prohibition) Act, 1988 (45 of 1988) and
Rules made thereunder

The Company has no transactions with the companies struck off under the Companies Act, 2013 or the Companies Act,
1956

There are no charges or satisfaction which are yet to be registered with the Registrar of Companies beyond the statutory
period

The Company has ensured compliance with Section 2(87) of the Companies Act, 2013, read with the Companies (Restriction
on Number of Layers) Rules, 2017 (''Layering Rules'').

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

(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) provide any guarantee, security or the like to or on behalf of the ultimate beneficiaries.

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) provide any guarantee, security or the like to or on behalf of the ultimate beneficiaries.

There is no income surrendered or disclosed as income during the current or prior year in the tax assessments under the
Income Tax Act, 1961, that has not been recorded in the books of accounts of the Company

The Company has not granted any loans or advances to promoters, directors, KMPs and the related parties (as defined
under Companies Act, 2013), either severally or jointly with any other person, expect for the parties mentioned under Note
46(b) that are: (a) Repayable on demand (b) without specifying any terms or period of repayment

The Company has not traded or invested in crypto currency or virtual currency during the current or prior year.

The Company has not revalued its property, plant and equipment or intangible assets or both during the current or previous
year.

Utilisation of borrowings taken from banks and financial institutions for specific purpose The Company has not availed any
borrowings from any banks or financial institutions during the year.

For and on behalf of Board of Directors,

For, Rajendra J. Shah & Co. Narmada Macplast Drip Irrigation Systems Ltd.

(CIN: L25209GJ1992PLC017791)

Chartered Accountants
FRN: 0108369W

Jaykin Rajendrakumar Shah Vrajlal Vaghasia Jiten Vrajlal Vaghsia

Proprietor 137924 Managing Director 02442762 Whole-time Director 02433557

UDIN: 25137924BMJGAP8464

Abhishek Ashokbhai Patel Hemangi Akshaykumar Vasoya

Chief Financial Officer

ASUPP7440F Company Secretary A72732

Place: Ahmedabad Place: Ahmedabad

Date: 29/04/2025 Date: 29/04/2025

---

Mar 31, 2024

n Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle the obligation, and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the end of the reporting period, taking into account the risks and uncertainties surrounding the obligation. When a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

An onerous contract is a contract under which the unavoidable costs (i.e., the costs that the Company cannot avoid because it has the contract) of meeting the obligations under the contract exceed the economic benefits expected to be received under it. The unavoidable costs under a contract reflect the least net cost of exiting from the contract, which is the lower of the cost of fulfilling it and any compensation or penalties arising from failure to fulfil it. The cost of fulfilling a contract comprises the costs that relate directly to the contract (i.e., both incremental costs and an allocation of costs directly related to contract activities).

o Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and on hand and short-term deposits with original maturities of three months or less that are readily convertible to known amounts of cash and which are subject to an insignificant risk of changes in value.

p Earnings per share

Basic earnings per share is computed by dividing the profit after tax by the weighted average number of equity shares outstanding during the year.

Diluted earnings per share is computed by dividing the profit after tax as adjusted for dividend, interest and other charges to expense or income relating to the dilutive potential equity shares, by the weighted average number of equity shares considered for deriving basic earnings per share and the weighted average number of equity shares which could have been issued on the conversion of all dilutive potential equity shares.

For & on Behalf of For and on behalf of Board of Directors,

Dharit Mehta & Co.

Narmada Macplast Drip Irrigation Systems Ltd.

(CIN:L25209GJ1992PLC017791)

Chartered Accountants FRN: 137728W

Dharit Mehta Vrajlal Vaghasia Jiten Vrajlal Vaghsi

Proprietor 157873 Managing Director 02442762 Whole-time Direct

UDIN:24157873BKADXS6385

Abhishek Ashokbhai Patel Ms. Juhi Rajendrakumar Chaturvedi

Chief Financial Officer ASUPP7440F Company Secretary

Place: Ahmedabad Place: Ahmedabad

Date: 30.05.2024 Date: 30.05.2024

30 Financial Instrument

Financial Risk Management - Objectives and Policies

The key objective of the Company''s financial risk management is to ensure that it maintains a stable capital structure with the focus on total equity to uphold investor, creditor, and customer confidence and to ensure future development of its business. The Company is focused on maintaining a strong equity base to ensure independence, security, as well as financial flexibility for potential future borrowings, if required without impacting the risk profile of the Company.

Company''s principal financial liabilities, comprise Borrowings, trade payables and other payables. The main purpose of these financial liabilities is to finance Company’s operations. Company''s principal financial assets include trade and other receivables and cash & cash equivalents. Company is exposed to interest rate risk, credit risk and liquidity risk.

The Company''s Board oversees the management of these risks. The Company''s Board is supported by senior management team that advises on financial risks and the appropriate financial risk governance framework for the Company. The senior management provides assurance to the Company''s Board that the Company''s financial risk activities are governed by appropriate policies and procedures and that financial risks are identified, measured and managed in accordance with the Company''s policies and risk objectives.

C. Credit Risk

Credit risk refers to the risk of default on its obligation by the counterparty resulting in a financial loss. The Company is exposed to credit risk mainly from its operating activities (primarily trade receivables).

Credit risk on trade receivables is managed by the Company through credit approvals, establishing credit limits and continuously monitoring the creditworthiness of customers to which the Company grants credit terms in the normal course of business. The Company has no concentration of risk as customer base in widely distributed both economically and geographically.

D. Liquidity Risk

Liquidity risk is the risk that the Company may not be able to meet its present and future cash flow obligations without incurring unacceptable losses. Company’s objective is to, at all time maintain optimum levels of liquidity to meet its cash requirements. Company closely monitors its liquidity position and deploys a robust cash management system. It maintains adequate sources of financing including overdraft, debt from banks at optimised cost and cash flow from operations.

E. Capital Management

For the purpose of the Company''s capital management, capital includes issued equity capital and all other equity reserves. The primary objective of the The Company manages its capital structure and makes adjustments in light of changes in economic conditions and the requirements of the financial

33 Regrouping

The previous year’s figures have been reworked, regrouped, rearranged and reclassified wherever necessary.

For & on Behalf of For and on behalf of Board of Directors,

Dharit Mehta & Co. Narmada Macplast Drip Irrigation Systems Ltd. (CIN: L25209GJ1992PLC017791)

Chartered Accountants FRN: 137728W

Dharit Mehta Vrajlal Vaghasia Jiten Vrajlal Vaghsia

Proprietor 157873 Managing Director 02442762 Whole-time Director 02433557

UDIN: 24157873BKADXS6385

Abhishek Ashokbhai Patel Ms. Juhi Rajendrakumar Chaturvedi

Chief Financial Officer ASUPP7440F Company Secretary

Place: Ahmedabad Place: Ahmedabad

Date: 30.05.2024 Date: 30.05.2024