Particulars of land and building Carrying value AS at March 31, 2025 (` cr) Held in the name of Whether promoter, Director or their relative or employee Held since Reason for not being held in name of the Company Freehold land located at district Valsad, Haria village with survey number 461, 474,475, 476,477 1.60 Ashokkumar Bhikhubhai Desai Mayurkumar Narendrabhai Desai No August 24, 2021 The mutation entry for the name transfer is pending due to a family dispute among the sellers. Freehold land located at district Valsad, Haria village with survey number 460, 462,468, 473 3.13 Ashokkumar Bhikhubhai Desai Mayurkumar Narendrabhai Desai No August 26, 2021 The mutation entry for the name transfer is pending due to a family dispute among the sellers. d) The Company has not revalued any of its Property, plant and equipment (including Right of Use assets) and intangible assets during the year. e) No proceedings have been initiated during the year or are pending against the Company as at March 31, 2025, for holding any benami property under the Benami Transactions (Prohibition) Act, 1988 (as amended in 2016) and rules made thereunder. (ii) a) The inventories were physically verified during the year by the Management at reasonable intervals, except goods-in-transit and stocks lying with third-parties. In our opinion, the coverage and procedure of such verification by the Management is appropriate having regard to the size of the Company and the nature of its operations. In respect of inventory lying with third-parties at the year end, written confirmations have been obtained by the Management and in respect of goods-in-transit, the goods have been received subsequent to the year end. No discrepancies of 10% or more in the aggregate for each class of inventories were noticed on such physical verification of inventories, when compared with the books of account. b) According to the information and explanation given to us, the Company has been sanctioned working capital limits in excess of ` 5 crores, in aggregate, at points of time during the year, from banks on the basis of security of current assets. In our opinion and according to the information and explanations given to us, the quarterly returns or statements comprising (stock statements and receivables) filed by the Company with such banks are in agreement with the unaudited books of account of the Company of the respective quarters. (iii) The Company has made investments in, provided guarantee or security, and granted loans, secured or unsecured, to companies, Limited Liability Partnership or any other parties during the year, in respect of which: a) The Company has provided unsecured loans and stood guarantee during the year and details of which are given below: Amount (` cr) Particulars Loans Guarantees A. A ggregate amount granted | provided during the year: - Subsidiary companies 4.00 151.78 - Others - Employees 2.20 - B. Balance outstanding as at Balance Sheet date in respect of the above cases: - Subsidiary companies 8.00 151.78 - Others - Employees 0.48 - T he Company has not made advances in the nature of loans or provided any security to any entity during the year. b) The investments made, guarantees provided and the terms and conditions of the grant of all the above-mentioned loans and guarantee provided, during the year are, in our opinion, prima facie not prejudicial to the Company’s interest. 153 153 Corporate overview Performance overview ESG overview Statutory Reports Financial Statements
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