అకౌంట్స్ గమనికలుVrundavan Plantation Ltd.

Mar 31, 2025

n) Provisions

A provision is recognised when the Company has a present obligation as a result of past event, it is probable that an outflow of resources
embodying economic benefits will be required to settle the obligation and a reliable estimate can be made of the amount of the obligation.
Provisions are not discounted to their present value and are determined based on the best estimate required to settle the obligation at the
reporting date. These estimates are reviewed at each reporting date and adjusted to reflect the current best estimates.

o) Contingent liability

A contingent liability is a possible obligation that arises from past events whose existence will be confirmed by the occurrence or non-occurrence
of one or more uncertain future events beyond the control of the Company or a present obligation that is not recognised because it is not
probable that an outflow of resources will be required to settle the obligation. A contingent liability also arises in extremely rare cases where
there is a liability that cannot be recognised because it cannot be measured reliably. The Company does not recognise a contingent liability but
discloses its existence in the financial statements.

p) Segment Reporting

The company''s operating businesses are organized and managed separately according to the nature of products and services provided, with each
segment representing a strategic business unit that offers different products and serves different markets. The analysis of geographical segments
is based on the areas in which major operating divisions of the company operate.

q) Government Grants

Government grants / subsidies received towards specific fixed assets have been deducted from the gross value of the concerned fixed assets and
grant / subsidies received during the year towards revenue expenses have been reduced from respective expenses.

Export benefits / incentives are accounted on accrual basis. Accordingly, estimated export benefits against exports affected during the year are
taken into account as estimated incentives accrued till the end of the year. In case of License not revalidated after the date of expiry, the
proportionate export benefit / incentive taken credit in earlier year(s) is written off in the year of expiry of License.

26 Capital commitment and contingent liabilities

a) Capital commitment

There are no capital commitment outstanding as at reporting date (as at March 31, 2025: Nil).

b) Contingent liabilities

There are no contingent liabilities

27 Additional Notes

(A) The title deeds of immovable properties (other than properties where the Company is the lessee and the lease agreements are duly executed in favour of
the lessee) are held in the name of the Company.

(B) The Company does not have any investment property.

C) The Company has not revalued its Property, Plant and Equipment (including Right-of-Use Assets) and Intangible assets except building.

D) There are no loans or advances in the nature of loans are granted to Promoters, Directors, KMPs and their related parties (as defined under Companies Act,
2013), either severally or jointly with any other person, that are outstanding as on 31st March, 2025:

(i) repayable on demand; or,

(ii) without specifying any terms or period of repayment.

E) The company is not declared willful defaulter by any bank or financial institution or other lender.

F) The company has not undertaken any transactions with companies struck off under section 248 of the Companies Act, 2013 or section 560 of Companies Act,
1956.

G) No Scheme of Arrangements has been approved by the Competent Authority in terms of sections 230 to 237 of the Companies Act, 2013.

H) The company has not advanced or loaned or invested funds (either borrowed funds or share premium or any other sources or kind of funds) to any other
person(s) or entity(ies), including foreign entities (Intermediaries) with the undrstanding (whether recorded in writing or otherwise) that the Intermediary
shall directly or indirectly lend or invest in other persons or entities identified in any manner whatsoever (Ultimate Beneficiaries) by or on behalf of the
company or provide any guarantee, security or the like to or on behalf of the Ultimate Beneficiaries.

I) 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 directly or indirectly lend or invest in other persons or entities identified in any manner whatsoever
(Ultimate Beneficiaries) by or on behalf of the Funding Party or provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries.

J) No transactions has been surrendered or disclosed as income during the year in the tax assessment under the Income Tax Act, 1961. There are no such
previously unrecorded income or related assets.

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

L) The Provision of Section 135 of the Companies Act 2013 in relation to Corporate Social Responsibility are not applicable to the Company during the year and
hence reporting under this clause is not applicable.

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Mar 31, 2024

n) Provisions

A provision is recognised when the Company has a present obligation as a result of past event, it is probable that an outflow of resources
embodying economic benefits will be required to settle the obligation and a reliable estimate can be made of the amount of the obligation.
Provisions are not discounted to their present value and are determined based on the best estimate required to settle the obligation at the
reporting date. These estimates are reviewed at each reporting date and adjusted to reflect the current best estimates.

o) Contingent liability

A contingent liability is a possible obligation that arises from past events whose existence will be confirmed by the occurrence or non-occurrence
of one or more uncertain future events beyond the control of the Company or a present obligation that is not recognised because it is not
probable that an outflow of resources will be required to settle the obligation. A contingent liability also arises in extremely rare cases where there
is a liability that cannot be recognised because it cannot be measured reliably. The Company does not recognise a contingent liability but discloses
its existence in the financial statements.

P) Government Grants

Government grants / subsidies received towards specific fixed assets have been deducted from the gross value of the concerned fixed assets and
grant / subsidies received during the year towards revenue expenses have been reduced from respective expenses.

Export benefits / incentives are accounted on accrual basis. Accordingly, estimated export benefits against exports affected during the year are
taken into account as estimated incentives accrued till the end of the year. In case of License not revalidated after the date of expiry, the
proportionate export benefit / incentive taken credit in earlier year(s) is written off in the year of expiry of License.

24 Capital commitment and contingent liabilities

a) Capital commitment

There are no capital commitment outstanding as at reporting date (as at March 31, 2024: Nil).

b) Contingent liabilities

There are no contingent liabilities

27 Additional Information

(A) The title deeds of immovable properties (other than properties where the Company is the lessee and the lease
reements are duly executed in favour of the lessee) are held in the name of the Company.

(B) The Company does not have any investment property.

C) The Company has not revalued its Property, Plant and Equipment (including Right-of-Use Assets) and Intangible

D) There are no loans or advances in the nature of loans are granted to Promoters, Directors, KMPs and their
related parties (as defined under Companies Act, 2013), either severally or jointly with any other person, that are
outstanding as on 31st March, 2024:

(i) repayable on demand; or,

E) The company is not declared willful defaulter by any bank or financial institution or other lender.

F) The company has not undertaken any transactions with companies struck off under section 248 of the
Companies Act, 2013 or section 560 of Companies Act, 1956.

G) No Scheme of Arrangements has been approved by the Competent Authority in terms of sections 230 to 237 of

H) The company has not advanced or loaned or invested funds (either borrowed funds or share premium or any

I) 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 directly or
indirectly lend or invest in other persons or entities identified in any manner whatsoever (Ultimate Beneficiaries)
by or on behalf of the Funding Party or provide any guarantee, security or the like on behalf of the Ultimate

J) No transactions has been surrendered or disclosed as income during the year in the tax assessment under the
Income Tax Act, 1961. There are no such previously unrecorded income or related assets.

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

L) The Provision of Section 135 of the Companies Act 2013 in relation to Corporate Social Responsibility are not
applicable to the Company during the year and hence reporting under this clause is not applicable.

Previous year figures have been regrouped/rearranged whenever necessary to conform to this current year''s
classification.

* Reason for variance
A Current Ratio (In times)

As compared to Previous Financial Year 2022-23, in current Financial Year 2023-24, Company had Started its Business Operation in
FY 2023-24. Due to This, Current Ratio Increased from NIL to 100 %.

B Return on Equity Ratio (in %)

Return on Equity Ratio has increased from NIL to 100 %, as the Net Profit of the Company has significantly Increased in Current
Year.

C Inventory Turnover Ratio ( In times)

As compared to Previous Financial Year 2022-23, in current Financial Year 2023-24, Company had Started its Business Operation in
FY 2023-24. Due to This, Current Ratio Increased from NIL to 100 %.

D Trade Receivables Turnover Ratio (In times)

As compared to Previous Financial Year 2022-23, in current Financial Year 2023-24, Company had Started its Business Operation in
FY 2023-24. Due to This, Current Ratio Increased from NIL to 100 %.

E Trade Payables Turnover Ratio (In times)

As compared to Previous Financial Year 2022-23, in current Financial Year 2023-24, Company had Started its Business Operation in
FY 2023-24. Due to This, Current Ratio Increased from NIL to 100 %.

F Net Capital Turnover Ratio (In times)

As compared to Previous Financial Year 2022-23, in current Financial Year 2023-24, Company had Started its Business Operation in
FY 2023-24. Due to This, Current Ratio Increased from NIL to 100 %.

G Net Profit Ratio (in %)

As compared to Previous Financial Year 2022-23, in current Financial Year 2023-24, Company had Started its Business Operation in
FY 2023-24. Due to This, Current Ratio Increased from NIL to 100 %.

H Return on Capital Employed (in %)

As compared to Previous Financial Year 2022-23, in current Financial Year 2023-24, Company had Started its Business Operation in
FY 2023-24. Due to This, Current Ratio Increased from NIL to 100 %.

For Piyush Kothari & Associates For & on behalf of Board of Directors

Chartered Accountants
Firm Registration No. 140711W

Piyush Kothari UPENDRA TIWARI DINESHKUMAR DUBEY

Partner Managing Director Director

Membership No. : 158407 DIN: 09630205 DIN: 10148960

NIYATI PANCHAL KAJAL KALWANI

Chief financial Officer Company Secretary

PAN No. :- FNCPP1770A PAN No. :- FULPK1266C

Place: Ahmedabad Place: Mumbai

Date: 28th May, ''24 Date: 28th May, ''24