అకౌంట్స్ గమనికలుSanghvi Brands Ltd.

Mar 31, 2025

j) Provisions

A provision is recognized when an enterprise 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 a reliable estimate can be made. Provisions 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.

k) Earnings per Share

Basic earnings per share are calculated by dividing the net profit or loss for the period
attributable to equity shareholders by the weighted average number of equity shares
outstanding during the period.

30. During the current year the Company experienced good recovery in the business with
improvement in financial performance and liquidity position. The Management has secured
cash reserve to enable the Company to meet its obligations as they fall due and for its
operational need. The Group has assessed future projections and based on estimates,
expects to recover the carrying amount of these assets. Considering various mitigating
factors, the management does not see any risks in the ability to continue as a going
concern and meeting its liabilities as and when payable. Accordingly, the financial
statements have been prepared on going concern basis. The Company will closely monitor
any material changes to future economic conditions to assess any possible impact on the
Company.

31. The Company has invested 100 (Rs. In Thousand) in equity capital of its wholly owned
domestic subsidiary - Sanghvi Beauty and Salons Private Ltd and had also granted
unsecured loan aggregating to (Rs. In Thousand) 51,379.37/-. In addition to this, the
subsidiary company has been incurring losses and its net worth as on March 25, is negative

(Rs. In Thousand) 41,757.27/- The Management has considered that erosion in net worth is
temporary and expects improvements in operations after the conditions return to normal

32. The Company has invested 97.50 (Rs. In Thousand) in the equity share capital of its
subsidiary - Sanghvi Fitness Private Limited and given unsecured wloan of (Rs. In
Thousand) 11,030.21/- The subsidiary company has been incurring losses for past few years
and its net worth as on March 25, is negative (Rs. In Thousand) 6,211.80/-. The Management
has considered that erosion in net worth is temporary.

33. The company has given the advances to its subsidiaries to incur operating expenses as
per normal trade practice. Such advances are interest free and not prejudicial to the
interest of the company. Accordingly, these advances are not considered as loans.

35. Previous year''s figures are rearranged/ regrouped wherever necessary.

As per our attached report on even date

For B K Khare and Co. For and on behalf of Board of Directors

Chartered Accountants Sanghvi Brands Limited.

Firm Registration Number - 105102W (Formerly Known as SANGHVI BRANDS

PRIVATE LIMITED)

Sd/- Sd/- Sd/- Sd/-

Amit Mahadik Kruti H. Shah Darpan N Sanghvi Narendra R Sanghvi

Partner Company Secretary Director Director

M.No. 125657 DIN: 02912102 DIN: 02912085

Place: Pune Place: Pune Place: Pune Place: Pune

Date: 27 May, 2025 Date: 27 May, 2025 Date: 27 May, 2025 Date: 27 May, 2025

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Mar 31, 2024

j) Provisions

A provision is recognized when an enterprise 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 a reliable estimate can
be made. Provisions 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.

k) Earnings per Share

Basic earnings per share are calculated by dividing the net profit or loss for the period attributable to equity
shareholders by the weighted average number of equity shares outstanding during the period.

30. Exceptional items consist of provision for diminution in value of investments in and advances to
subsidiaries made during the year.

31. The business of the Group for the previous period was impacted due to outbreak of Covid 19. During the
current year the company witnessed a good recovery in the business aided by leisure travel and gradual pickup
in the business segment. Management has secured a cash reserve to enable the Company to meet its
obligations as they fall due and for its operational need. The Group has assessed future projections and based
on estimates, expects to recover the carrying amount of these assets. Even though material uncertainty about
going concern exists, considering various mitigating factors, the management does not see any risks in the ability
to continue as a going concern and meeting its liabilities as and when payable. Accordingly, financials have been
prepared on going concern basis. The Company will closely monitor any material changes to future economic
conditions on account of Covid 19 to assess any possible impact on the Company.

32. The Company has invested Rs 1,00,000/- in equity capital of its wholly owned domestic subsidiary -
Sanghvi Beauty and Salons Private Ltd and had also granted unsecured loan aggregating to (Rs. In Thousand)
51,825.62/-. In addition to this, the subsidiary company has been incurring losses and its net worth as on March
24, is negative (Rs. In Thousand) 41,383.46/- The Management has considered that erosion in net worth is
temporary and expects improvements in operations in near future.

33. The Company has invested Rs. 97,500/- in the equity share capital of its subsidiary - Sanghvi Fitness
Private Limited and given unsecured loan of (Rs. In Thousand) 8,753.70/- The subsidiary company has been
incurring losses for the past few years and its net worth as on March 24, is negative (Rs. In Thousand)
5,842.56/-. The Management has considered that erosion in net worth is temporary and expects improvements
in operations in the near future.

34. The company has given the advances to its subsidiaries to incur operating expenses as per normal trade
practice. Such advances are interest free and not prejudicial to the interest of the company. Accordingly, these
advances are not considered as loans.

35. Additional Regulatory Information
(i) Following Ratios to be disclosed:-

37. Previous year figures are rearranged/ regrouped wherever necessary.

As per our attached report on even date

For B K Khare and For and on behalf of Board of Directors

Co.

Chartered Sanghvi Brands Limited

Accountants

Firm Registration Number - 105102W (Formerly Known as SANGHVI

BRANDS PRIVATE LIMITED)

Sd/- Sd/- Sd/- Sd/- Sd/- Sd/-

Amit Mahadik Dr. Vijay Darpan Sanghvi Narendra Kruti H. Shah Laxmi Rathi

Aggarwal Sanghvi

Partner _CEO Director Director Company CFO

^CEO Secretary

M.No. 125657 Place: Mumbai DIN: 02912102 DIN: 02912085 Place: Mumbai Place: Mumbai

Place: Pune Date: Place: Mumbai Place: Mumbai Date: Date:

27/05/2024 27/05/2024 27/05/2024

Date: 27/05/2024 Date: Date: Date: 27/05/2024

27/05/2024

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Mar 31, 2018

1. Based on the information available, the Company has no outstanding as at 31st March 2018 that are required to be furnished u/ s 22 of the Micro, Small and Medium Enterprises Development Act, 2006.

2. Sundry Debtors, Creditors and Loans & Advances are subject to confirmation of balances and consequential adjustments, if any. However, management does not expect any material adjustment to arise out of such confirmations/reconciliations.

3. Previous year figures are rearranged/ regrouped wherever necessary.