అకౌంట్స్ గమనికలుStarsource Multitrade Ltd.

Mar 31, 2025

K) Provisions and Contigent Liability:

Provisions are recognised when the Company has a present obligation as a result of past events, it is more
likely than not that and outflow resources will be required to settle the obligation, and the amount has been
reliably estimated. A contigent liablity is disclosed where there is a possible obligation or a present
obligation that may, but probably will not require an outflow resource.

19 There have been no significant events after the reporting date that require disclosure in these financial
statements except as given below:

"The Promoters of Chemo Pharma Laboratories Ltd. had entered into a Share Purchase Agreement on February 18,
2025 for stake-sale of their entire promoter''s Shareholding toAtibhaAgriseeds Private Ltd (Acquirer) and theAcquirer is
in the process for completing the Open Offer as per SEBISAST Regulations, 2011.

As such, the erstwhile Board of directors have resigned w.e.f.April 16,2025 indicating a change in the management.

The above change can be captured in the table below along with the respective designations -

22 Other Statutory Information:

During the Current Year and Previous Year:

i. The Company do not have any Benami property, where any proceeding has been initiated or
pending against the Company for holding any Benami property.

ii. The Company do not have any transactions with companies struck off.

iii. The Company do not have any charges or satisfaction which is yet to be registered with ROC
beyond the statutory period.

iv. The Company has not traded or invested in Crypto currency or Virtual Currency.

v. The company was not required to submit quarterly statement of current assets banks / financial
institutions provided as security, as it did not have any borrowings from banks or financial
institutions.

Further, since the Company does not have any borrowings from banks or financial institutions,
the disclosures pertaining to utilisation of borrowings is not applicable in this regard.”

vi. 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 (whether recorded
in writing or otherwise) that the Intermediary shall:

(I) 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

(II) provide any guarantee, security or the like to or on behalf of the Ultimate Beneficiaries.

vii. The Company have 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:

(I) 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

(II) provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries.

viii. The Company does not have any transactions which are not recorded in the books of accounts
that has been surrendered or disclosed as income during the year in the tax assessments under
the Income Tax Act, 1961 (such as, search or survey or any other relevant provisions of the
Income TaxAct, 1961.

ix. There are no scheme of arrangements which have been filed by the Company under theAct and
which have been approved by the competent authority u/s 230 to 237 of theAct.

x. The Company has not been declared as wilful defaulter by any bank or financial institution or any
other lender.

xi. The Company has not revalued any property plant and equipment and intangible assets.

xii. There were no charges or satisfaction that were required to be registered with ROC.

xiii. The Company does not have any immovable properties and as such, it is not required to provide
the disclosures pertaining to the tiotle deeds of the immovable proprties.

The management assessed that carrying amount of cash and cash equivalents, trade receivables,
loans, investment in government securities, unsecured borrowings, trade payable and other financial
liabilities approximate theirfair values largely due to the short term maturities of these instruments.

C. Financial Risk Management

The Company has exposure to the following risks arising from financial instruments:

• Credit risk;

• Liquidity risk; and

• Market risk

Risk management framework

The board of directors has established the Risk Management Committee, which is responsible for
developing and monitoring the Company’s risk management policies. The committee reports regularly
to the board of directors on its activities.The Company’s risk management policies are established to
identify and analyse the risks faced by the Company, to set appropriate risk limits and controls and to
monitor risks and adherence to limits. Risk management policies and systems are reviewed regularly
to reflect changes in market conditions and the Company’s activities. The Company, through its
training and management standards and procedures, aims to maintain a disciplined and constructive
control environment in which all employees understand their roles and obligations.

i. Liquidity Risk

Liquidity risk is the risk that the Company will encounter difficulty in meeting the obligations
associated with its financial liabilities that are settled by delivering cash or another financial asset.
The Company’s approach to managing liquidity is to ensure as far as possible that it will have
sufficient liquidity to meet its liabilities when they are due, under both normal and stressed
condition, without incurring unacceptable losses or risking damage to the Company’s reputation.

The Company’s objective is to maintain a balance between continuity of funding and flexibility
through the use of surplus funds, bank overdrafts, bank loans, debentures and inter-corporate
loans.

The Company assessed the concentration of risk with respect to refinancing its debt and
concluded it to be low. The Company has access to a sufficient variety of sources of funding.

Exposure to liquidity risk

The following are the remaining contractual maturities of financial liabilities at the reporting date. The
amounts are gross and undiscounted, and include estimated interest payments and exclude the
impact of netting agreements.

ii. Market Risk

Market risk is the risk that changes in market prices - such as foreign exchange rates, interest
rates and equity prices - will affect the Company’s income or the value of its holdings of financial
instruments. Market risk is attributable to all market risk sensitive financial instruments including
foreign currency receivables and payables and long term debt. We are exposed to market risk
primarily related to foreign exchange rate risk, interest rate risk and the market value of certain
commodities. Thus, our exposure to market risk is a function of investing and borrowing activities
and revenue generating and operating activities. The objective of market risk management is to
avoid excessive exposure in our revenues and costs.

The above disclosure has been determined to the extent such parties have been identified on the basis of information
available with the Company.

26 Previous year figures have been regrouped, re-arranged and re-classified wherever necessary to conform to
current year’s classification

As per our Report of even date attached

For Sanjay Rane & Associates LLP On behalf of Board of Directors

Chartered Accountants Chemo Pharma Laboratories Limited

Firm Reg. No. 121089W/W100878

Sd/-

CA. Abhijeet Deshmukh RUCHIT MEHTA

Partner DIRECTOR & CEO

Membership No. 129145 DIN: 08810586

UDIN: 25129145BMIWQ08395

BHAWNA RAJPUT UTSAV TRIVEDI

Place : Mumbai COMPANY SECRETARY & DIRECTOR & CFO

Date : May 29, 2025 COMPLIANCE OFFICER DIN: 10720143

ACS-72357

---

Mar 31, 2024

k) Provisions and Contingent Liability :

Provisions are recognised when the Company has a present obligation as a result of past events, it is
more likely than not that and outflow resources will be required to settle the obligation, and the amount
has been reliably estimated. A contingent liability is disclosed where there is a possible obligation or a
present obligation that may, but probably will not require an outflow resource.

23 Other Statutory Information :

During the Current Year and Previous Year:

i. The Company do not have any Benami property, where any proceeding has been initiated or pending against
the Company for holding any Benami property.

ii. The Company do not have any transactions with companies struck off.

iii. The Company do not have any charges or satisfaction which is yet to be registered with ROC beyond the
statutory period.

iv. The Company has not traded or invested in Crypto currency or Virtual Currency.

v. The company was not required to submit quarterly statement of current assets banks / financial institutions
provided as security, as it did not have any borrowings from banks or financial institutions.

vi. 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 (whether recorded in writing or otherwise) that the
Intermediary shall:

(I) 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

(II) provide any guarantee, security or the like to or on behalf of the Ultimate Beneficiaries.

vii. The Company have 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:

(I) 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

(II) provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries.

viii. The Company does not have any transactions which are not recorded in the books of accounts that has been
surrendered or disclosed as income during the year in the tax assessments under the Income Tax Act, 1961
(such as, search or survey or any other relevant provisions of the Income Tax Act, 1961.

ix. There are no scheme of arrangements which have been filed by the Company under the Act and which have
been approved by the competent authority u/s 230 to 237 of the Act.

x. The Company has not been declared as wilful defaulter by any bank or financial institution or any other
lender.

xi. The Company has not revalued any property plant and equipment and intangible assets.

xii. There were no charges or satisfaction that were required to be registered with ROC.

xiii. The Company does not have any immovable properties and as such, it is not required to provide the
disclosures pertaining to the title deeds of the immovable properties.

The Company has exposure to the following risks arising from financial instruments:

• Credit risk ;

• Liquidity risk ; and

• Market risk

Risk Management Framework :

The board of directors has established the Risk Management Committee, which is responsible for developing and
monitoring the Company''s risk management policies. The committee reports regularly to the board of directors on
its activities.The Company''s risk management policies are established to identify and analyse the risks faced by
the Company, to set appropriate risk limits and controls and to monitor risks and adherence to limits. Risk
management policies and systems are reviewed regularly to reflect changes in market conditions and the
Company''s activities. The Company, through its training and management standards and procedures, aims to
maintain a disciplined and constructive control environment in which all employees understand their roles and
obligations.

i. Liquidity Risk :

Liquidity risk is the risk that the Company will encounter difficulty in meeting the obligations associated with its
financial liabilities that are settled by delivering cash or another financial asset. The Company''s approach to
managing liquidity is to ensure as far as possible that it will have sufficient liquidity to meet its liabilities when they
are due, under both normal and stressed condition, without incurring unacceptable losses or risking damage to the
Company''s reputation.

The Company''s objective is to maintain a balance between continuity of funding and flexibility through the use of
surplus funds, bank overdrafts, bank loans, debentures and inter-corporate loans.

The Company assessed the concentration of risk with respect to refinancing its debt and concluded it to be low.
The Company has access to a sufficient variety of sources of funding.

Exposure to liquidity risk :

The following are the remaining contractual maturities of financial liabilities at the reporting date. The amounts are
gross and undiscounted, and include estimated interest payments and exclude the impact of netting agreements.

Market risk is the risk that changes in market prices - such as foreign exchange rates, interest rates and equity
prices - will affect the Company''s income or the value of its holdings of financial instruments. Market risk is
attributable to all market risk sensitive financial instruments including foreign currency receivables and payables
and long term debt. We are exposed to market risk primarily related to foreign exchange rate risk, interest rate risk
and the market value of certain commodities. Thus, our exposure to market risk is a function of investing and
borrowing activities and revenue generating and operating activities. The objective of market risk management is
to avoid excessive exposure in our revenues and costs.

The above disclosure has been determined to the extent such parties have been identified on the basis of
information available with the Company.

27 Previous year figures have been regrouped, re-arranged and re-classified wherever necessary to conform to
current year''s classification

FOR SANJAY RANE & ASSOCIATES LLP FOR & ON BEHALF OF BOARD OF DIRECTORS

CHARTERED ACCOUNTANTS CHEMO PHARMA LABORATORIES LIMITED

Firm Reg. No. 121089W/W100878

Sd/- Sd/-

Sd/- ASHOK SOMANI NANDKUMAR PAREEK

CA. ABHIJEET DESHMUKH DIRECTOR & CFO DIRECTOR

PARTNER (MEMBERSHIP NO. 129145) DIN : 03063364 DIN: 00105330

UDIN : 24129145BKAJTY2877

Sd/-

UNNATI JAIN
COMPANY SECRETARY &

DATE : MAY 27, 2024 COMPLIANCE OFFICER

PLACE : MUMBAI

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Mar 31, 2015

1 Terms/Rights attached to Equity Shares

The Company has only one class of Equity Shares having a par value Rs.10/- per Share. Each Holder of Equity Shares is entitled to one vote per Share. The Company decalres and pays dividends in Indian Rupees. The dividend proposed by the Board of Directors is subject to the approval of the Shareholders in the ensuring Annual General Meeting.

During the year ended 31st March, 2015, the amount of per Share Dividend recognized as distribution to Equity Sharehold- ers was Rs. Nil (31 March 2014 : Rs. Nil)

2 Company has discontinued manufacturing operations inspite of that accounts have been prepared on Going Concern Basis.

3 No provision for diminution in value of investments has been made in respect of investments in equity shares of TECIL of Rs.166,56,076 eventhough the losses of TECIL has exceeded its net worth, as TECIL has substantial investment in immovable properties.

4 For the Assessment Year 2003-04 the Income - Tax Department has raised a demand of Rs. 31,77,291/- on completion of assessment for the said year. As per the I T A T Order dated 14th June, 2013, The above case is pending before CIT(Appeal). Also an appeal has been filed by the company for penalty of Rs. 60,47,659/- imposed by the Department for the same year which is pending before the said Authority, for which no provision has been made in the account.

5 Assessments Under the Bombay Sales Tax Act, 1959 and Central Sales Tax Act, 1956 have been completed up to 2001-02 and additional demand and penalty amounting to Rs.18,05,093/- has been raised by the Department, against which the Company has filed appeals, and the necessary stay has been obtained by the Company. Hence, no provision required to be made in the accounts.

6 The Company has received Notice from Sale Tax Department for payment of BST Rs. 9,57,787/- and CST Rs. 1,99,542/- for Financial Year 1989-1990 and 1990-1991. No provision in the accounts has been made for the above as Company is in process of filling an appeal against the order in Hon'ble High Court.

7 Non-Current Liabilities include deferred interest free Sales Tax from SICOM Rs. 11,96,976/- and have since become overdue. The Company has not provided any interest on this amount.

8 RELATED PARTY DISCLOSURE :

A) List of Related Parties :

a. Associates M/s. Citric India Ltd.

b. Enterprise owned or significantly influenced by key management personnel or their relatives.

1 M/s. Citric India Ltd.

2 M/s. Tecil Chemical And Hydro Power Ltd.

Note: Related Party Relationships have been identified by the management and relied upon by the auditors.

9 In view of discontinuance of manufacturing operations and uncertainty in set off of carried forward losses against future profits, the Company has not recognised the deferred tax assets and liabilities as per Accounting Standard AS-22 issued by the Institute of Chartered Accountants of India.

10 Previous year's figures have been regrouped wherever necessary.

---

Mar 31, 2014

1 Company has discontinued manufacturing operations inspite of that accounts have been prepared on Going Concern Basis.

2 No provision for diminution in value of investments has been made in respect of investments in equity shares of TECIL CHEMICALS & HYDRO POWER LTD. of Rs. 166,56,076/- eventhough the losses of TECIL CHEMICALS & HYDRO POWER LTD. has exceeded its net worth, as TECIL CHEMICALS & HYDRO POWER LTD. has substantial investment in immovable properties.

3 For the Assessment year 2003-04 the Income - Tax Department has raised a demand of Rs. 31,77,291/- on completion of assessment for the said year. As per the I T A T Order dated 14th June, 2013, The above case is pending before CIT(Appeal). Also an appeal has been filed by the Company for penalty of Rs. 60,47,659/- imposed by the Department for the same year which is pending before the said Authority, for which no provision has been made in the account.

4 Assessments Under the Bombay Sales Tax Act, 1959 and Central Sales Tax Act, 1956 have been completed up to 2001-02 and additional demand and penalty amounting to Rs.18,05,093/- has been raised by the Department, against which the Company has filed appeals, and the necessary stay has been obtained by the Company. Hence, no provision required to be made in the accounts.

5. The Company has received Notice from Sale Tax Department for payment of BST Rs. 9,57,787/- and CST Rs. 1,99,542/-for Financial Year 1989-1990 and 1990-1991. No provision in the accounts has been made for the above as Company is in process of filling an appeal against the order in Hon''ble High Court.

6 Non-current Liabilities include deferred interest free Sales Tax from SICOM Rs. 11,96,976/- and have since become overdue. The Company has not provided any interest on this amount due to continuous losses.

7 Earning Per Shares (EPS) computed in accordance with Accounting Standard 20:

8 In view of discontinuance of manufacturing operations and uncertainty in set off of carried forward losses against future profits, the Company has not recognised the deferred tax assets and liabilities as per Accounting Standard AS-22 issued by the Institute of Chartered Accountants of India.

9 Previous year''s figures have been regrouped wherever necessary.

---

Mar 31, 2013

1 Company has discontinued manufacturing operations inspite of that accounts have been prepared on Going Concern Basis.

2 No provision for diminution in value of investments has been made in respect of investments in equity shares of TECIL of Rs. 167,65,076 eventhough the losses of TECIL has exceeded its net worth, as TECIL has substantial investment in immovable properties.

3 No provision is made for Corporate deposit given to Ellora Mercantile Pvt Ltd of Rs. 1,42,00,000/- for the repayment of deposit.

4 For the Assessment year 2003-04 the Income - Tax Department has raised a demand of Rs.31,77,291/- on completion of assessment for the said year. The Company has since filed an Appeal against the above before I .T.A.T. Also an appeal has been filed by the company for penalty of Rs. 60,47,659/- imposed by the Department for the same year which is pending before the said Authority, for which no provision has been provided in the account.

5 Assessments Under the Bombay Sales Tax Act, 1959 and Central Sales Tax Act, 1956 have been completed up to 2001-02 and additional demand and penalty amounting to Rs. 18,05,093/- has been raised by the Department, against which the Company has filed appeals, and the necessary stay has been obtained by the Company.

6 Non-current Liabilities include deferred interest free Sales Tax from SICOM Rs. 11,96,976/-and have since become overdue. The Company has not provided any interest on this amount due to continuous losses.

7 RELATED PARTY DISCLOSURE : A) List of Related Parties.

a. Associates M/s Citric India Ltd.

b. Enterprise owned or significantly influenced by key management personnel or their relatives.

1 M/s Citric India Ltd.

2 M/s Tecil Chemicals & Hydro Power Ltd.

3 M/s Joshi Thermal (Partnership Firm)

Note: Related Party relationships have been identified by the management and relied upon by the auditors.

8 In view of discontinuance of manufacturing operations and uncertainty in set off of carried forward losses against future profits, the Company has not recognised the deferred tax assets and liabilities as per Accounting Standard AS-22 issued by the Institute of Chartered Accountants of India.

9 Previous year''s figures have been regrouped wherever necessary.

---

Mar 31, 2012

1 Company has discontinued manufacturing operations inspite of that accounts have been prepared on Going Concern Basis.

2 No provision for diminution in value of investments has been made in respect of investments in equity shares of TECIL of Rs.167,65,076 even though the losses of TECIL has exceeded its net worth, as TECIL has substantial investment in immovable properties.

3 No provision is made for Corporate deposit given to Ellora Mercantile Pvt Ltd of Rs. 1,42,00,000/- for the repayment of deposit.

4 For the Assessment year 2003-04 the Income - Tax Department has raised a demand of Rs.31,77,291/- on completion of assessment for the said year. The Company has since filed an Appeal against the above before I .T. AT. Also an appeal has been filed by the company for penalty of Rs. 60,47,659/- imposed by the Department for the same year which is pending before the said Authority, for which no provision has been provided in the account.

5 Assessments Under the Bombay Sales Tax Act, 1959 and Central Sales Tax Act, 1956 have been completed up to 2001 -02 and additional demand and penalty amounting to Rs. 18,05,093/- has been raised by the Department, against which the Company has filed appeals, and the necessary stay has been obtained by the Company.

6 Non-current Liabilities include deferred interest free Sales Tax From SICOM Rs. 11,96,976/-and have since become overdue. The Company has not provided any interest on this amount due to continuous losses.

7 in view of discontinuance' or manufacturing operations ana uncertainty in set on or carried forward losses against future proms, the Company has not recognised the deferred tax assets and liabilities as per Accounting Standard AS-22 issued by the Institute of Chartered Accountants of India.

8 The financial statements for the year ended 31 March 2011 had been prepared as per the then applicable, pre-revised Schedule VI to the Companies Act, 1956. Consequent to the notification of Revised Schedule VI under the Companies Act, 1956, the financial statements for the year ended 31 March 2012 are prepared as per Revised Schedule VI. Accordingly, the previous year figures have also been reclassified to conform to this year's classification. The adoption of Revised Schedule VI for previous year figures does not impact recognition and measurement principles followed for preparation of financial statements.

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Mar 31, 2011

1. Company has discontinued manufacturing operations inspite of that account have been prepared on Going Concern Basis.

2. No provision for diminution in value of investments is made for Rs167,16,826

3. No provision is made for Enter Corporate deposits for Rs. 1,42,00,000/-

4. For the Assessment year 2003-04 the Income – Tax Department has raised a demand of Rs.31,77,291/- on completion of assessment for the said year. The Company has since filed an Appeal before CIT. For the Assessment Year 2004-05, the Income Tax Officer has raised a Demand of Rs.8053/-, which has not been provided in the accounts.

5. Assessments Under the Bombay Sales Tax Act, 1959 and Central Sales Tax Act, 1956 have been completed up to 2001-02 relating to the additional demands and penalty amounting to Rs.18,05,093/- raised by the Department, against which the Company has filed appeals, and the necessary stay has been obtained by the Company.

6. Unsecured loans include interest free Sales Tax Loan from SICOM Rs. 11,96,976/- and have since become overdue. The Company has not provided any interest on this amount due to continuous losses.

7. The amounts overdue and remaining unpaid to Small Scale and /or Ancillary Industrial Suppliers on Principal and / or Interest as at close of the year could not be ascertained, since the information regarding the status of the suppliers as defined under the interest on delayed payment of Small Scale and Ancillary Industrial Undertaking Act, 1933 and Section 3(i) of the Industrial (Development and Regulations) Acts, 1951, was not available with the Company.

8. RELATED PARTY DISCLOSURE :

(A) List of Related Parties.

a. Associates

M/s Tecil Chemicals & Hydro Power Ltd. M/s Citric India Ltd. M/s Joshi Thermal (Partnership Firm)

Note: Related Party relationships have been identified by the management and relied upon by the auditors.

(B) Related Party Transactions:

A. Group Companies/Companies in 1. M/s Citric India Ltd. which Directors of Company 2. M/s Tecil Chemicals & Hydro are Directors/Firm in which Power Ltd. Directors of the Company is 3. M/s Joshi Thermal (Partnership Director Firm)

B. Loan Details :

1. In view of discontinuance of manufacturing operations and uncertainty in set off of carried forward losses against future profits, the Company has not ascertained the deferred tax assets and liabilities as per Accounting Standard AS-22 issued by the Institute of Chartered Accounts of India.

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Mar 31, 2010

1. Company has discontinued manufacturing operations inspite of that account have been prepared on Going Concern Basis.

2. No provision for diminution in value of investments is made for Rs. 1,95,56,226/- 3. No provision is made for loan given to related parties for Rs. 1,86,25,000/- 4. For the Assessment year 2003-04 the Income - Tax Department has raised a demand of Rs.31,77,291/- on completion of assessment for the said year. The Company has since filed an Appeal before CIT. For the Assessment Year 2004-05, the Income Tax Officer has raised a Demand of Rs.8053/-, which has not been provided in the accounts.

3. Assessments Under the Bombay Sales Tax Act, 1959 and Central Sales Tax Act, 1956 have been completed up to 2001-02 relating to the additional demands and penalty amounting to Rs.18,05,093/- raised by the Department, against which the Company has filed appeals, and the necessary stay has been obtained by the Company.

4. Unsecured loans include interest free Sales Tax Loan from SICOM Rs. 11,96,976/- and have since become overdue. The Company has not provided any interest on this amount due to continuous losses. Refer point 11.

5. The amounts overdue and remaining unpaid to Small Scale and /or Ancillary Industrial Suppliers on Principal and / or Interest as at close of the year could not be ascertained, since the information regarding the status of the suppliers as defined under the interest on delayed payment of Small Scale and Ancillary Industrial Undertaking Act, 1933 and Section 3(i) of the Industrial (Development and Regulations) Acts, 1951, was not available with the Company.

6. No Shares Certificate has been obtained in relation to 349250 Shares being investment made in Indian Infotech & Software Ltd.

7. RELATED PARTY DISCLOSURE :

(A) List of Related Parties.

a. Associates

M/s Tecil Chemicals & Hydro Power Ltd.

M/s Citric India Ltd.

M/s Joshi Thermal (Partnership Firm)

Note: Related Party relationships have been identified by the management and relied upon by the auditors.

(B) Related Party Transactions:

A. Group Companies/Companies 1. M/s Citric India Ltd. in which Directors of Company are Directors/Firm 2. M/s Tecil Chemicals & Hydro Power Ltd. in which Directors of the Company is Director 3. M/s Joshi Thermal (Partnership Firm)

8. In view of discontinuance of manufacturing operations and uncertainty in set off of carried forward losses against future profits, the Company has not ascertained the deferred tax assets and liabilities as per Accounting Standard AS-22 issued by the Institute of Chartered Accounts of India.

Note:

1 The above Cash Flow Statement has been prepared under the indirect method as set out in the AS-3 on Cash Flow Statement issued by the Institute of Chartered Accountants of India

2 Previous Years fugures have been re-arranged / re-grouped wherever mecessary This Cash Flow Statement referred in our report of even date