అకౌంట్స్ గమనికలుShetron Ltd.

Mar 31, 2025

(d) There is no class of shares other than the equity shares. There is no change in the outstanding shares at the beginning or at the end of the period. The other disclosure requirements of Schedule III of the Companies Act 2013 regarding share capital are not applicable to the company. The following shareholders hold more than 5% of value of shares.

(e) Rights, preference and restrictions attaching to each class of shares including restrictions on the distribution of dividends and the repayment of capital:-

All the rights (including voting right of one vote per Equity Share held), all preferences and restrictions (including restriction on transfer of Equity Shares) are as per Articles of Association. Dividend proposed by Board is subject to declaration at Annual General Meeting.

(f) There are no shares reserved for issue under options.

(g) There are no securities convertible into equity shares as on the Balance sheet date.

(h) The Company is proposing a dividend of Re. 1/- per equity share for the year ending March 31, 2025, subject to approval at the Annual General Meeting (AGM). The estimated equity dividend payout is Rs. 90 Lakhs, which is the same as the previous year''s dividend payout.

Note 25 :- Contingent Liabilities		'' in Lakhs 31.03.25	'' in Lakhs 31.03.24
	Guarantees for Customs Duty	200	200
	Export obligations under EPCG scheme	72	72
	Disputed demand with GST (under appeal)	25	25
	Disputed demand with Income Tax (under appeal)	16	16

Note 30 :- Segment Disclosure

"The company is exlusively engaged in the business of "Metal Packaging" products primarily in India. As per Ind AS 108 "Operating Segments" specified under Section 133 of the Companies Act 2013, there are no reportable or operatingor geographphical segments applicable to the company."

Note 31 :- Income Taxes

The movement in provision for defferd tax shown in statement of Profit or Loss is for temparrary difrance arrising bitween book and income tax Depriciation

Note 32 :- Classification of Financial assets and Financial liabilities and Fair Value measurements

All Financial assets and Financial assets and Financial liabilities are classified at amortised cost except Deferred Sales Tax Liability and Loan from Related Parties which are designated upon initial recogition as fair value through profit and loss. Fair value of these two liabilities are very close to their carrying amounts.

The fair value of other financial assets and financial liabilities at the time of initial recognition was close to the transaction values and the Long term investments are carried at cost. Board is of the opinion that such assets will have a value on realization in the ordinary course of business at least equal to the amount at which they are stated in the Accounts

Note 33 :- Financial Risk Management Objectives.

The company''s financial instruments are subject to Credit Risk, Foreign currency risk and Liquidity risk. The company does not envisage market risk as the company as does not have significant financial assets and liabilities that are subject to chage in values due to change in market prices. The Company manage its interest rate risk by imporving its credit ratting and by negotiating with long term finacial creditros.

The company''s foreign currency risk are mainly for the imports. The company manages this risk by entering into forward contracts and thus quantifying its final liability. The Company also has reduced its exposuer to import in the recent past The company does not envisage any foreign currency risk on its exports, as the rupee value of its exports exposures have always shown a gain on final settlement.

The company''s credit risk relate to credit sales to its customer. The company manages this risk by customer appraisal process before accepting an order from a new customer. The track record of the company in realising its debts so far has been very good. Some customer orders are against LCs. Hence the company has made adequate provision for doubtful debts.

The company''s liquidy risks are quite low as it has working capital arrangements with Banks and manages the funds through daily cash flow statements. The promoters have adequate resources to bring in funds to manage the temporary liquidity risks.

Note 34 :- Assets held for disposal

The Company identified certain assets to be disposed off as a disposal group consisting of a piece of land, Naroska machine, certain dies and tools, LPG storage tank, transformer and certain Non-Current Advances and receivables as on 31-3-2017 after that date some of these assets were disposed off. The remaining asstes werevalued at net realisable value determined on the basis of reports of the technical experts of the Company.

Note 35 :- Capital Management

The company does not include interest bearing debt as a part of Capital for the purpose of Capital Mangament. The company aims to reduce the debt and reduce cost and thereby increasing the shareholder value.

Note 36 :- Leased Assets

All assets under lease are for a period of less than 12 months and as such optiion under Ind AS 116 is used to account the same as operating leases.

Note 37 :- Ratio

Ratios required as per schedule III are given in Annexture III

Note 38 :- ADDITIONAL INFORMATION TO THE FINANCIAL STATEMENTS

Disclosure in relation to undisclosed income

The Company does 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 ended March 31,2025 and March 31,2024 in the tax assessments under the Income Tax Act, 1961 (such as, search or survey or any other relevan provisions of the Income Tax Act, 1961)

Details of Benami Property held

The Company does not have any Benami property, where any proceeding has been initiated or pending against the Company during the year ended March 31,2025 and March 31,2024 for holding any Benami property.

Details of Crypto Currency or Virtual Currency

The Company has not traded or invested in Crypto currency or Virtual Currency during the year ended March 31,2025 and March 31,2024

Utilisation of Borrowed Fund & Share Preimium

The Company has not received any fund from any person(s) or entity(ies), including foreign entities (Funding Party) with the understanding (wehther 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 whatsover by or on behalf of the Funding party (Ultimate Beneficiaries) or (b) provide any guarantee, security or the like on behalf of the ultimate beneficiaries.

The Company has not advanced or lent 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 whatsover by or on behalf of the Company (Ultimate Beneficiaries) or (b) provide any guarantee, security or the liketo or on behalf of the ultimate beneficiaries.

Borrowing secured against Current Assets:

As per note 15

Additional disclosures relating to the requirement of revised Schedule III

Loans or advances (repayable on demand or without specifying any terms or period of repayment) to specified persons:

During the year ended March 31, 2025 the Company did not provide any Loans or advances which remains outstanding (repayable on demand or without specifying any terms or period of repayment) to specifce persons (NIL as on March 31,2024).

Relationship with Struck Companies

The Company did not have any transaction with companies struck off during the year ended March 31 2025 and also for the year ended March 31,2024.

The Company has complied with the number of layers prescribed under clause (87) of section 2 of the Companie Act, 2013 read with Companies (Restriction on number of Layers) Rules 2017.

Note 39 :- CSR

CSR expenditure of Rs. 16.55 lacs has been spent during the year towards education and for development of Industrial area, as appoved by the Board .

There is no unspent amount of CSR , from the amount allocated by the board, as per the provision of The Companies Act 2013.

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Mar 31, 2024

Provisions

Provisions are recognized when, as a result of a past event, the Company has a legal or constructive obligation; it is probable that an outflow of resources will be required to settle the obligation; and the amount can be reliably estimated. The amount so recognized is a best estimate of the consideration required to settle the obligation at the reporting date, taking into account the risks and uncertainties surrounding the obligation.

In an event when the time value of money is material, the provision is carried at the present value of the cash flows estimated to settle the obligation.

In terms of our report attached As per our report of even date

For and on behalf of the Board of Directors For N NARESH & CO

Chartered Accountants FRN 011293S

Place : Bengaluru DIWAKAR S SHETTY KARTIK NAYAK PRAVEEN MALLY

Date : 17^th May, 2024 Executive Chairman Jt. Managing Director Jt. Managing Director

DIN No. : 00432755 DIN No. : 00477686 DIN No. : 00798354

VILAS DINGRE JYOTI KUMARI S.VENKATESAN

Chief Financial Officer Company Secretary Partner M.No.025859

M. No.A37403

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Mar 31, 2015

1. Term Loans from Banks are guaranteed by Two Promoter Directors and One of their relatives.

2. Deferred Sales Tax is payable over period of 15 years. Loan from related parties are not subjected to any repayment terms. Term Loans are repayable over a period of 7 years from the date of disbursement Buyers' credit are payable over a period of 3 years. Car Loan is payable over a period of five years from the date of disbursement.

3. Term Loans from Cosmos Co Operative Bank Limited are secured by first charge by way of equitable mortgage on the company's immovable property situated at Bangalore and first charge on the Plant and Machinery of the company.

4. Car Loan is secured by hypothecation of vehicles acquired under the scheme.

The Short Term Borrowings are under Consortium Banking Arrangement with Bank of India, State Bank of India and Cosmos Co-Operative Bank Limited are secured by first pari-passu charge on hypothecation of stocks. Book Debts and other Current Assets of the company and exclusive first charge on company's immovable property situated at Asangaon, Maharashtra (applicable for State Bank of India and Bank of India only) and second pari- pasu charge on the Fixed Assets of the company (including second charge by way of Equitable Mortgage of the immovable properties in Bangalore). Short Term Borrowings are Guaranteed by Two Promoter Directors and One of their relatives.

5 Trade Payables :

Trade Payables include a sum of Rs. 75.50 lacs (PY. Rs. 54.50 lacs) due to SMEs to the extent such parties have been identified from available information. The amount outstanding for more than 30 days as on 31.03.2015 is Rs. 22.12 (PY. Rs. 15.20) lacs. Trade payables are subject to confirmation from parties .

Inventories are valued as follows

a. Stores and Spares at Cost on FIFO Method of Valuation

b. Raw Materials at Cost on FIFO Method of Valuation

c. Work in Progress at Cost*

d. Finished Goods at Cost*/ Net Realisable value whichever is less

* Cost includes Direct Labour, Applicable Overheads and Excise Duty in case of Finished Goods.

6. Contingent Liabilities (not provided for in the accounts) : Rs. in Lacs

Particulars 31.03.2015 31.03.2014

Factoring Obligations 911 861

Guarantees for Customs Duty 450 450

Guarantees for Financial 500 500 Institutions/Banks as security

Export Obligations under EPCG scheme 51 1,174

Disputed Income Tax 49 249

7.Related Party Disclosures :

I. Controlling Companies : NIL

II. List of Related Parties :

Fibre Foils Limited Related Party

Sansha Systems Limited Related Party

Shetron Enterprise Private Limited Related Party

Shetron Metropak Private Limited Subsidiary

Bunts Properties Private Limited Related Party

Mr. Diwakar S Shetty Key Management Personnel

Mr. Kartik Nayak Key Management Personnel

8. Segment Disclosure :

The Primary Segment based on the Business Segment. The Secondary Segment is based on the Geographical Location of the customers.

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Mar 31, 2014

A Term Loans from Banks are guaranteed by two promoter directors and one of their relatives.

b. Deferred Sales tax is payable over period of 15 years. Loan from related parties are not subjected to any repayment terms. Term Loans are repayable over a period of 7 years from the date of disbursement. Buyers'' credit are payable over a period of 3 years. Car Loan is payable over a period of five years from the date of disbursement.

c. Term Loans from Cosmos Co Op Bank Ltd are secured by First charge by way of Equitable Mortgage on the Company''s immovable property situated at Bangalore and First charge on the Plant & Machinery of the Company.

d. Car Loan is secured by hypothecation of vehicles acquired under the scheme.

The Short Term Borrowings are under Consortium Banking arrangement with Bank of India, State Bank of India and The Cosmos Co Op Bank Limited are secured by First Pari-passu charge on the Hypothecation of stocks, Books Debts and other Current Assets of the Company, exclusive First charge on the Company''s immovable property situated at Asangaon, Maharashtra and Second pari-passu charge on the Fixed Assets of the Company (including second charge by way of extension of Equitable Mortgage as on the immovable properties in Bangalore). Short Term Borrowings are guaranteed by two promoter directors and one of their relatives.

2. Trade Payables

Trade Payables include sum of Rs.54.50 lacs due to SMEs to the extent such parties have been identified from available information. The amount outstanding for more than 30 days as on 31.03.2014 is Rs.15.20 lacs. Trade payables are subject to confirmation from parties.

Advances are unsecured. Advances includes, advances to related parties Rs. 250 lakhs (Rs. PY Rs.300 Lakhs) and others which in the opinion of the management will realize values stated in the Balance sheet in the long term. However the Company, as a prudent measure, has created a contingency reserve to the extent of Rs.600 lacs(Long Term Loans and Advances and other Non-Current Assets) for any possible erosion in the value of said advances and other non-current assets in addition to contingency reserve already created. Advances are subject to confirmation from parties.

Inventories are valued as follows:

a. Stores and Spares at cost on FIFO method of valuation

b. Raw Materials at cost on FIFO method of valuation

c. Work in progress at cost*

d. Finished Goods at cost*/ net realisable value whichever is less

*Cost includes material, direct labour and other applicable overheads and excise duty in respect of finished goods.

3. Contingent Liabilities (not provided for in accounts): Rs. in Lacs

Particulars 31.03.2014 31.03.2013

Factoring obligations 861 863

Guarantees for Customs Duty 450 450

Guarantees for Financial Institutions/Banks as security 500 500

Export Obligations under EPCG Scheme 1,174 2,464

Disputed Income Tax 249 249

Segment Disclosure:

The primary Segment based on the business segment. The secondary segment is based on the geographical location of the customers.

a. Primary Segment Information:

The company''s line of business is "Metal Packaging" which constitutes a segment in itself. Hence no separate disclosure is reported Secondary segment information.

Figures for the previous year have been regrouped wherever necessary to confirm to the classification for the current year.

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Mar 31, 2013

1. Contingent Liabilities (not provided for in accounts):

Rs. in Lacs

Particulars 31.03.2013 31.03.2012

Letters of credit and guarantee established and Bills discounted under LC and others 3,231 3,291

Factoring obligations 863 759

Guarantees for Customs Duty 450 450

Guarantees for Financial Institutions/Banks as security 500 500

Export Obligations 2,464 5,170

Disputed Income Tax 249 249

2. Provisions and Contingencies

A provision is recognised when the Company has a present legal or constructive obligation as a past event and it is probable that an out flow 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 estimate required to settle the obligation. Contingent liabilities are not recognised but are disclosed in the notes to financial statements.

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Mar 31, 2012

There is no other class of Shares than the equity shares. There is no change in the outstanding shares at the beginning or at the end of the period. The company is a holding company of Shetron Metro Pack Pvt Ltd. The other disclosure requirements of schedule VI regarding share capital are not applicable to the Company. The following shareholders hold more than 5% of value of shares.

1. Reserves And Surplus:

There is no change in any of the reserves as the amount outstanding at the beginning of the year except in profit and loss account and contingency reserve.

2.1 Term Loans from Banks are guaranteed by two promoter directors and one of their relatives.

2.2 Deferred Sales tax is payable over period of 15 years. Loan from related parties are not subjected to any repayment terms. Term Loans are repayable over a period of 7 years from the date of disbursement. Suppliers credit are payable over a period of 3 years. Car Loan is payable over a period of five years from the date of disbursement.

2.3 Term Loans from Cosmos Co Op Bank Ltd are secured by First charge by way of Equitable Mortgage on the Company’s immovable property situated at Bangalore and First charge on the Plant & Machinery of the Company.

2.4 Loans under the Hire Purchase Scheme are secured by hypothecation of vehicles acquired under the scheme

2.5 Installments of Term Loans due during the year to the extent of Rs.140 Lakhs were paid during April/May 2012

The Short term borrowings are under Consortium Banking arrangement with Bank of India and State Bank of India and are secured by First Pari-passu charge on the Hypothecation of stocks, Books Debts and other Current Assets of the Company, exclusive First charge on the Company’s immovable property situated at Asangaon, Maharashtra and Second pari-passu charge on the Fixed Assets of the Company (including second charge by way of extension of Equitable Mortgage as on the immovable properties in Bangalore) of the Company. Short term borrowings are guaranteed by two promoter directors and one of their relatives.

3. Trade Payables

Trade Payables include sum of T 113 lacs due to SMEs to the extent such parties have been identified from available information. The amount outstanding for more than 30 days as on 31.03.2012 is ? 17 lacs. Trade payables are subject to confirmation from parties.

* 19,70,100 equity shares of Shetron Metropak Pvt Ltd of Rs 10/-.

** 20,000 equity shares of Kalyan Janatha Sahakari Bank of Rs 25/- each (Rs 5,00,000) and 1000 equity shares of Cosmos Co-Operative Bank Ltd of Rs. 100/- each (Rs 1,00,000).

Advances are unsecured. Advances include advance to related parties (Rs 314 PY Rs161 Lakhs) and others which in the opinion of the management will realize values stated in the Balance sheet in the long term. However the Company, as a prudent measure, has created a contingency reserve to the extent of Rs 300 lacs for any possible erosion in the value of said advances. Advances are subject to confirmation from parties.

Advances for the year ended 31.3.2011 includes Capital Advances Rs 815 Lakhs.

Administrative Expenses includes Audit Fees as statutory auditor of 8.15 lakhs (PY Statutory Audit Fees Rs 6.50

lakhs, Certificate fees Rs1.05 lakhs and Taxation matters Rs 3.50 lakhs).

4. Contingent Liabilities (not provided for in accounts): Rs in Lacs

Particulars 31.03.2012 31.03.2011 Letters of credit and guarantee established and Bills

discounted under LC and others 3,291 3,945

Factoring obligations 759 700

Guarantees for Customs Duty 450 450

Guarantees for Financial Institutions/Banks as security 500 500

Future Lease Rentals Payable 9 3

Export Obligations 5,1706,242

Disputed Income Tax 249 249

Segment Disclosure:

The primary Segment based on the business segment. The secondary segment is based on the geographical location of the customers.

a. Primary Segment Information:

The company's line of business is "Metal Packaging” which constitutes a segment in itself. Hence no separate disclosure is reported Secondary segment information.

Figures for the previous year have been regrouped wherever necessary to confirm to the classification for the current year.

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Mar 31, 2010

Secured Loans:

1. The Term Loans are secured by First Charge by way of Equitable Mortgage on the Company’s immovable property situated at Bangalore and first charge on the Plant & Machinery of the Company.

2. The Working Capital Credit Facilities are under Multiple Banking Arrangement and are secured by First parri passu charge on the Hypothecation of Stocks, Book Debts and other Current Assets and Second Parri Passu Charge on the Fixed Assets (including extension of Equitable Mortgage on the immovable properties) of the Company.

3. During the year the company has fully redeemed the Debentures subscribed by Citicorp Finance India Ltd., paid the outstanding term loan dues to Bank of India, Yes Bank Ltd, The Hong Kong and Shanghai Banking Corporation Ltd and others by availing Term Loan from Cosmos Co-operative Bank Ltd.

4. Loans from the Hire Purchase Scheme are secured by hypothecation of Vehicles acquired under the Scheme.

As at 31.03.2010 As at 31.03.2009 Rs. In lacs Rs. In lacs

1. Contingent Liabilities

i. Letters of Credit established 2,381.00 2,324.98

ii. Inland Bills/LCs Discounting outstanding and guarantees given by bank on behalf of the Co.. 30.05 0.05

iii.Guarantees given by the company in favour of Collector of Customs and other Company 950.00 550.00

iv. Future lease rentals payable 6.83 24.91

v. Income Tax department has raised demand for the assessment year 2006-07 250.00 250.00

The Compnay has prefered an appeal against the order. The matter is pending before the appellate authority.

2. Estimated amount of contracts remaining to be executed on capital account net of advance and not provided for. 2,949.00 2,996.72

3. The Company is availing export benefit under Advance License and DEPB Schemes.

5 The Company has imported certain Plant & Machinery earlier year under EPCG scheme. The licensing authority has fixed the export obligation of Rs.2667.93 lacs, to be completed over a period of 8 years.

6 Sundry Debtors, Loans & Advances, Sundry Creditors and Deposits are subject to confirmation. The Capital work in progress includes Euro 450,000 paid as advance to an overseas supplier for import of machinery. The Management is taking necessary steps to expedite execution of the supply of the machinery.

7 Sundry Creditors include a sum of Rs.88.97 lacs due to SMEs, to the extent such parties have been identified from available information. The amount outstanding for more than 30 days as on 31.03.2010 is Rs. 68.87 Lacs.

8 Shetron Metropak Private Ltd, a JV Company, wherein the Company has invested 50% of equity has reported loss resulting in erosion of equity. However the management is of the view the promoters of the JV company are taking effective steps to recoup the losses and therefore no provision need to be made towards the dimuniton in the value of investment.

9 Deferred Tax

Tax provision has been made in accordance with the requirements under the Accounting Standard 22 "Accounting for Taxes on Income" and accordingly, the Deferred Tax Liability and Deferred Tax Asset has been restated as at March 31, 2010

10 Segment Disclosure

The primary Segment based on the business segment. The secondary segment is based on the geographical location of the customers.

a. Primary Segment Information

The companys line of business is "Metal Packaging" which consitutes a segment in itself. Hence no separate disclosure is reported

11. Figures for the previous year have been regrouped wherever necessary to confirm to the classification for the curent year.