అకౌంట్స్ గమనికలుSun Retail Ltd.

Mar 31, 2025

Provisions and Contingent Liabilities

A Provision is recognised when the entity has a present obligation as a result of past event and it is probable that an outflow of
resources will be required and a reliable estimate can be made of the amount of the obligation. Provisions are measured at the best
estimate of the expenditure required to settle the present obligation at the Balance Sheet date.

Contingent liabilities are disclosed when there is a possible obligation arising from past events, the existence of which will be
confirmed only by the occurrence or non-occurrence of one or more uncertain future events not wholly within the control of the
entity or a present obligation that arises from past events where it is either not probable that an outflow of resources will be
required to settle the obligation or a reliable estimate of the amount cannot be made. A Contingent asset is neither recognised nor
disclosed.

Revenue Recognition

Revenue from sale of goods is recognised when control and significant risks and rewards of ownership of the products being sold is
transferred to the customer. This is generally fulfilled at the time of dispatch, delivery or upon formal customer acceptance
depending on customer terms. Revenue is measured on the basis of contracted price, after deduction of any trade discounts,
volume rebates and any taxes or duties collected on behalf of the government such as goods and services tax, etc. Previous
experience is used to estimate the provision for such discounts and rebates. Revenue is only recognised to the extent that it is highly
probable a significant reversal will not occur. Income from services rendered is recognised based on agreements/arrangements with
the customers as the service is performed and there are no unfulfilled obligations.

Interest income is recognized on accrual basis, adopting a time proportion method, taking into account the amount outstanding and
the rate applicable. Dividend income on investments is accounted for when the right to receive the income is established. Export
incentives are recognised on accrual basis to the extent the management is certain of the income.

Employee Benefits

Benefits such as salaries, wages and performance incentives are charged to the statement of profit and loss at the actual amounts
due in the period in which the employee renders the related service.

Taxes on Income

Income tax expense for the year comprises of current tax and deferred tax.

Current tax

Current tax is the estimated amount of tax payable on the taxable income for the year, using tax rates enacted or substantively
enacted at the reporting date. Minimum Alternate Tax (MAT) is accounted as Current tax when the taxes calculated as per Book
profits are greater than the taxes calculated as per normal provisions of Income Tax. Credit for such MAT is availed when the entity
is subjected to normal tax provisions in the future. MAT credit Entitlement is recognised as an asset based on the management''s
estimate of its recoverability in the future.

Deferred tax

Deferred tax is recognised in respect of timing differences between the carrying amount of assets and liabilities for financial
reporting purposes and the corresponding amounts used for taxation purposes.

A deferred tax liability is recognised based on the expected manner of realisation or settlement of the carrying amount of assets and
liabilities, using tax rates enacted, or substantively enacted, by the end of the reporting period. Deferred tax assets are recognised
only to the extent that it is probable that future taxable profits will be available against which the asset can be utilised except for
deferred tax assets in respect of tax losses, where they are recognised only to the extent the management is virtually certain as to
the sufficiency of future taxable income. Deferred tax assets are reviewed at each reporting date and reduced to the extent that it is
no longer probable that the related tax benefit will be realised.

Earnings per Share

In determining earnings per share, the Company considers the net profit after tax attributable to equity shareholders. The number
of shares used in computing basic earnings per share is the weighted average number of equity shares outstanding during the year
as per the guidelines of AS 20. The number of equity shares used in computing diluted earnings per share comprises weighted
average number of equity shares considered for deriving basic earnings per share and also weighted average number of equity
shares which could have been issued on the conversion of all dilutive potential equity shares.

Priliminary expence

priliminary expence have been written off 1/10 every period.

Impairment of losses

An asset is treated as impaired when the carrying cost of asset exceeds its recoverable value . An impairment loss is changed to
profit and loss Account in the year in which an asset is identified as impaired. The impairment loss recognized in prior accounting
period is reversed if there has been any change in the estimate of recoverable amount.

Event occurring after the Balance Sheet Date

No significant events which could affect the financial position as on 31st March, 2024, to a material extent have been reported by
the management, after the Balance Sheet date till the date of Annual General Meeting.

Prior period Items

Prior period expenses/income is accounted for under respective heads. Material items, if any, are disclosed separately by way of
note.

2) Rights, preferences and restrictions attached to shares

The Company has issued only one class of equity shares having a par value of Rs. 1 per share. Each equity shareholder is
entitled to one vote per share. In the event of liquidation of the Company, the holders of equity shares will be entitled to
receive remaining assets of the Company, after distribution of all preferential amounts, in proportion to their shareholding.
Any 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.

3) The Company does not have any holding company

4) The details of Shareholders holding more than 5% of Shares

There are no shareholder holding more than 5% of equity shares. Thus, relevant disclosure is not applicable.

5) Shareholding by promoters

There are no promoters in the company and thus, relevant disclosure is not applicable .

Details regarding number and class of shares for the period of five years immediately preceding March 31, 2025

a) The company has not allotted any shares as fully paid-up without payment being received in cash.

b) The company has not alloted any shares as fully paid up bonus shares.

c) The company has not bought back any of its shares.

Description of nature and purpose of each Reserve:

a) Capital Reserve

The excess/short of net assets taken over the cost of consideration paid is treated as capital reserve at the time of
amalgamation. Difference between Assets and Liabilities transferred on account of demerger is transferred to capital reserve
at the time of demerger.

b) Equity Security Premium

The amount received in excess of face value of the equity shares is recognized in equity security premium.

c) Capital Redemption Reserve

It represents reserve created on forfeited of equity shares. It is a non-distributable reserve.

d) General Reserve

General reserve is created from time to time by way of transfer of profits from retained earnings for appropriation purposes.

Earning available for debt service = Profit for the year (before taxes) Finance costs Depreciation and Amortisation Expense
Total debt service = Finance costs Principal Repayments

Capital employed = Shareholders'' funds Long Term Borrowings Short Term Borrowings Deferred Tax Liabilities (Net) - Intangible assets - Intangible Assets under
development

1. Current Ratio

The current ratio has Increased because the , current liabilities have decreased significantly. There is a notable decrease in trade payables—Rs. 137.15 lacs this year
compared to Rs. 2091.87 lacs last year. And also, total current assets has been increased to Rs. 3379.57 as compared to Rs. 2088.56 Lacs last year .

2. Debt - Equity Ratio

This ratio has increased because the company has taken significant current debt this year of Rs.339.04 Lacs as compared to previous year where there was only
long term debt of Rs. 206.90 lacs and Short term borrowings of Rs. NIL. Additionally, the company has reported significant lower profits in current year Rs.16.92 lacs
as compared to last year''s profit of Rs. 111.70 lacs

3. Debt service coerage ratio

4. Return on Equity Ratio

This has decrease significantly due to the company reporting a profit this year ,compared to the previous year is substantially decreased. Current year profit: Rs.

16.92 lacs vs. Previous year profit: Rs. 111.71 lacs.

5. Inventory Turnover Ratio

This ratio decreased due to a fall in sales during the year . Sales went down to Rs.3974.37 lacs compared to the previous year sales of Rs 9702.22 Lacs.

6. Trade receivables turnover ratio

This ratio increased as there is decrease in sales as compaed to previous year but the average trade receivables has been decreased significantly i.e, in current year
904.29 lacs as compared to last year''s 1306.015 lacs ( -30.76%). Sales rose by Rs. 8448.36 lakhs and receivables increased by Rs. 760.23 lakhs compared to the
previous year.

7. Trade Payables turnover ratio

The ratio has decreased because both trade payables and purchases fallen sharply.

8. Net capital turnover ratio

The ratio has increased as there has been increase in current assets as compared to previous year i.e, in current year Rs.3379.57 lacs as
compared to previous year''s Rs.2088.56 lacs and there has been decrease in current liabilities i.e in current year Rs. 1536.59 lacs as compareed
to previous year''s 2750.58

9. Net Profit Ratio

The ratio has decreased as there has been decrease in Revenue from operations i.e, in current year Rs. 3974.37 lacs As compared to previous
year Rs. 9702.22 Lacs

10. Return on capital employed

This ratio has decreasded since there is substantial decrease in the sale in the current year which resulted into lower profitability during
current year. Further company has written off minute liability during current year which has not improved denominator much i.e. capital
employed.

30. Other Disclosures

Disclosure requirements as notified by MCA pursuant to amended Schedule III:

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

- The Company does not have any Benami Property under Prohibition of Benami Property Transactions Act, 1988.

- The Company has not been declared a wilful defaulter by any lender who has powers to declare a company as a wilful defaulter.

- The Company has no Scheme of Arrangement approved by the competent authority specified under Section 230 to 237 of the Companies Act, 2013.

B)THE VARIOUS OTHER INFORMATION AS REQUIRED UNDER SCHDULE III of the companies act 2013 are as follows -

1) The company does not have any immovable property which shall be classified as"TITLE DEEDS OF IMMOVABLE PROPERTY NOT HELD IN THE NAME OF THE
COMPANY "

2) 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

3) Compliances with section 230 to 237

As informed by the management and on the basis of examination of available records Company has not prepared any scheme of agrrangements in terms of section
230 to 237 of the companies act 2013

4) UTILIZATION OF BORROWED FUNDS AND SHARE PREMIUM

a) During the year, no funds have been advanced or loaned or invested (eitherfrom borrowed funds or share premium orany other sources or kind offunds) by the
Company to or in any other persons or entities, including foreign entities ("Intermediaries"), with the understanding, whether recorded in writing or otherwise, that
the Intermediary shall, whether 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 provide any gurantee security or the like on behalf of the Ultimate Beneficiaries .

b) Duringthe year, no funds have been received by the Company from any persons or entities, including foreign entities ("Funding Parties"), with the understanding,
whether recorded in writing or otherwise, that the Company shall, whether 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 provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries.

5) DETAILS OF LOANS AND ADVANCES TO PROMOTERS,DIRECTORS, KMPS, AND RELATED PARTIS There has been no transcation

of advancement of loans and advance to the above said persons during the year .

6) INFORMATION PURSUANT TO SECTION 186(4) OF THE COMPANIES ACT ,2013 There has been no loans given,

investment made, guarantees given or security provided and the purpose for which the loan or guarantee or security is proposed to be utilised by the recipient of
the loan, guarantee or security.

7) DIVIDEND PROPOSED AND ARREARS OF DIVIDEND There has been no proposed

dividend and arrears of dividend .

8) ADDITIONAL REGULATORY INFORMATION

a. In absence of any Capital Work In Progress, CWIP Ageing Schedule is not applicable.

b. There is no intangible asset under development as at the year-end. Thus schedule regarding intangible asset under development is not applicable.

c. Company has not obtained borrowing from bank and thus reporting relating to accuracy of details of current asset filed by the Company with Bank for its
borrowings are not applicable.

d. No charges or satisfaction is pending to be registered with Registrar of Companies beyond the statutory period.

31 Accounts have been regrouped, where ever required for the fair presentation
As per our report of even date attached

For DDS & ASSOCIATES For and on behalf of Board of Directors

Chartered Accountants
Firm Regn No : 120362W

DINESH D SHAH PARIN BHAVSAR DHARAMJIT MORI RAKESH KAPADIA

Proprietor COMPANY SECRETARY WHOLE TIME DIRECTOR AND CFO DIRECTOR

Membership No : 106871 DIN : 08038027 DIN : 09361904

Date : May 30, 2025 Date : May 30, 2025 Date : May 30, 2025 Date : May 30, 2025

Place : Ahmedabad Place : Ahmedabad

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Mar 31, 2024

Provisions, Contingent Liabilities and Contingent Assets

Provisions involving substantial degree of estimation in measurement are recognized when
there is a present obligation as a result of past events, and it is probable that there will be an
outflow of resources. Liabilities which are of contingent nature are not provided but are
disclosed at their estimated amount in the notes forming part of the accounts.

Investment

Investments that are readily realizable and intended to be held for not more than a year from
the date on which such investments are made, are classified as current investments. All other
investments are classified as long-term investments. Current investments are measured at cost
or market value whichever is lower, determined on an individual investment basis. Long Term
Investments are stated at cost. Provision for diminution in the value of long-term investment is
made only if such a decline is other than temporary.

Event occurring after the Balance Sheet Date

No significant events which could affect the financial position as on 31st March, 2024, to a
material extent have been reported by the management, after the Balance Sheet date till the
date of Annual General Meeting.

Prior period Items

Prior period expenses/income is accounted for under respective heads. Material items, if any,
are disclosed separately by way of note.

Income taxes

Provision for current tax is made on the basis of estimated taxable income for the current
accounting year in accordance with the Income-tax Act, 1961. Current tax assets and current
tax liabilities are offset when there is a legally enforceable right to set off the recognized
amounts, and there is an intention to settle the asset and the liability on a net basis. The
deferred tax for timing differences between the book and tax profits for the year is accounted
for, using the tax rates and laws that have been substantively enacted as of the reporting date.

Deferred tax charge or credit reflects the tax effects of timing differences between accounting
income and taxable income for the period. The deferred tax charge or credit and the
corresponding deferred tax liabilities or assets are recognized using the tax rates that have been
enacted or substantively enacted by the balance sheet date. Deferred tax assets are recognized
only to the extent there is reasonable certainty that the assets can be realized in future;
however, where there is unabsorbed depreciation or carry forward of losses, deferred tax assets
are recognized only if there is a virtual certainty of realization of such assets. Deferred tax assets
are reviewed at each balance sheet date and are written-down or written up to reflect the
amount that is reasonably/virtually certain (as the case may be) to be realized. Company has
not recorded deferred tax asset or liability during current reporting year.

Preliminary Expenses

No Preliminary expenses written off during the year.

Earnings Per Share

The earning considered in ascertaining the Company''s Earnings Per Share (EPS) comprises the
net profit after tax. The number of shares used in computing Basic and diluted EPS is weighted
average number of shares outstanding during the year as per the guidelines of AS-20 and
calculation of EPS is shown in notes to account.

Contingent Liability

According to the information & explanation provided by the company, there is no liability of
Contingent nature was outstanding as at 31st March, 2024.

Capital Expenditure Commitment

There is no capital expenditure commitment.

Related Party Transactions

As per Accounting Standard (AS -18) issued by the Institute of Chartered Accountants of India,
the disclosures of transactions with the related parties are given below: List of related parties
where control exists and related parties with whom transactions have taken place and
relationships:

Earnings per Share

The earning considered in ascertaining the company''s EPS comprises the profit available for
shareholders i.e. profit after tax and statutory/regulatory appropriations. The number of shares
used in computing Basic EPS is the weighted average number of shares outstanding during the
year as per the guidelines of AS-20 (Kindly verify the Profit & Loss Account for Details).

Other

a) In opinion of the management of the company, all loans, advances, and deposits are
recoverable in cash or kind for value to be received for which no provision is required.

b) Confirmations of the concerned parties for the amount due to them and/or due from
them as per accounts of the company are not received. Necessary adjustments, if any, will
be made when accounts are reconciled or settled. Balance of sundry debtors and
creditors, loans and advances accepted and given in the balance sheet are subject to
confirmation.

c) The previous year''s figures have been reworked, regrouped, rearranged and reclassified
wherever necessary. Amounts and other disclosures for the preceding year are included
as an integral part of the current year financial statements and are to be read in relation
to the amounts and other disclosures relating to the current year.

Rounding off 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

For SUN RETAIL LIMITED As per my attached report of even date

For, N.S. NANAVATI & CO.,
Chartered Accountants
Firm No. 134235W

DHARAMJIT MORI
(Whole-Time Director & CFO)

(DIN- 08038027)

Parin Bhavsar RAKESH KAPADIA (CA NITESH NANAVATI)

^(CS) ^(Director) (Proprietor)

Place: Ahmedabad (DIN- 09361904) M No: - 143769

^Date: 30.05.2024 UDIN: 24143769BKFPCD4017

Place: Ahmedabad
Date: 30.05.2024

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Mar 31, 2018

1. Notes on Accounts

- Contingent Liabilities

According to the information & explanation provided by the company, there is no liability of Contingent nature was outstanding as at 31st March, 2018.

- Capital Expenditure Commitments: Nil

- Related Party Transactions:-

As per Accounting Standard (AS -18) issued by the Institute of Chartered Accountants of India, the disclosures of transactions with the related parties are given below: -

List of related parties where control exists and related parties with whom transactions have taken place and relationships:

- Earnings per Share:-

The earning considered in ascertaining the company’s EPS comprises the profit available for shareholders i.e. profit after tax and statutory/regulatory appropriations. The number of shares used in computing Basic EPS is the weighted average number of shares outstanding during the year as per the guidelines of AS-20 (Kindly verify the Profit & Loss Account for Details). ,

- Others

. In opinion of the management of the company, all loans, advances and deposits are recoverable in cash or kind for value to be received for which no provision is required.

- Confirmations of the concerned parties for the amount due to them and/or due from them as per accounts of the company are not received. Necessary adjustments, if any, will be made when accounts are reconciled or settled. Balance of sundry debtors and creditors, loans and advances accepted and given in the balance sheet are subject to confirmation.

- Ageing bifurcation in case of Sundry Debtors was not possible so we have on random basis verified the ledgers and accordingly shown the bifurcation of Sundry Debtors receivable to satisfy more than six months & less than six months criteria.

- The previous year’s figures have been reworked, regrouped, rearranged and reclassified wherever necessary. Amounts and other disclosures for the preceding year are included as an integral part of the current year financial statements and are to be read in relation to the amounts and other disclosures relating to the current year.