Notes to Accounts of SG Mart Ltd.

Mar 31, 2023

Provisions and Contingent liabilities

A provision is recognized 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 estimate.

Where no reliable estimate can be made, a disclosure is made as a contingent liability. A disclosure for a contingent liability is also made when there
is a possible obligation that may, but probably will not, require an outflow of resources. Where there is a possible obligation or a present obligation in
respect of which the likelihood of outflow of resources is remote, no provision or disclosure is made.

n) Dividend

The final dividend is recognized in the financial statements as and when declared in AGM and payment made.

o) Cash & Cash equivalents

Cash and cash equivalents comprise cash and cash on deposit with banks and corporations. The company considers all highly liquid investments with
a remaining maturity at the date of purchase of three months or less and that are readily convertible to known amounts of cash to be cash
equivalents.

p) Merger and Acquisition

# The Company Divine Windfarm Private Limited (DWPL) (Wholly Owned Subsidiary) (Transferor Company) was merged with Kintech Renewables
Limited (KRL) (Parent Company) (Trnasferee Company) vide order of National Company Law Tribunal dated:30,January 2020 effective from 01,April
2019.

The Company has given effect of merger in accordance with common control merger of accounting as prescribed under Indian Accounting Standard
103 - "Business Combination" as notified under section 133 pf the Companies Act,2013 read with the Companies (Indian Accounting Standards)

Rules,2015 and other applicable accounting standards and rules prescribed under the Act.

q) A. Optional exemptions availed :

1 Property, Plant and Equipment

On transition to Ind AS, the Company has elected to continue with the carrying value of all of its property, plant and equipment recognised as at 1
April 2016, measured as per the previous GAAP, and use that carrying value as the deemed cost of such property, plant and equipment.The same
election has been made in respect of intangible assets.

B. Mandatory Exceptions :

1 Estimates

As per Ind AS 101 , an entity''s estimates in accordance with Ind AS at the date of transition to Ind AS at the end of the comparative period
presented in the entity''s first Ind AS financial statements as the case may be, should be consistent with estimates made for the same date in
accordance with the previous GAAP unless there is objective evidence that those estimates were in error. However the estimates should be adjusted
to reflect any differences in accounting policies.

As per Ind AS 101, where application of Ind AS requires an entity to make certain estimates that were not required under previous GAAP, those
estimates should be made to reflect conditions that existed at the date of transition (for preparing opening Ind AS balance sheet) or at the end of the
comparative period (for presenting comparative information as per Ind AS)

The Company''s estimates under Ind AS are consistent with the above requirements.

2 Derecognition of financial assets and liabilities

As per Ind AS 101, an entity should apply the derecognition requirements in Ind AS 101, Financial Instruments, prospectively for transactions
occurring on or after the date of transition to Ind AS. However, an entity may apply the derecognition requirements retrospectively from a date
chosen by it if the information needed to apply Ind AS 109 to financial assets and financial liabilities derecognized as a result of past transactions
was obtained at the time of initially accounting for those transactions.

The Company has elected to apply the derecognition principles of Ind AS 109 prospectively.

3 Classifications and Measurement of Financial Assets

Ind AS 101 requires an entity to assess classification of financial assets on the basis of facts and circumstances existing as on the date of
transition.Further, the standard permits measurement of financial assets accounted at amortized cost based on facts and circumstances existing at
the date of transition if retrospective application is impracticable.

r) Recent Accounting Developments

Ministry of Corporate Affairs ("MCA") notifies new standards or amendments to the existing standards under Companies (Indian Accounting
Standards) Rules as issued from time to time. On March 23, 2022, MCA amended the Companies (Indian Accounting Standards) Amendment Rules,

2022, as below.

Ind AS 16 - Property Plant and equipment - The amendment clarifies that excess of net sale proceeds of items produced over the cost of testing, if
any, shall not be recognised in the profit or loss but deducted from the directly attributable costs considered as part of cost of an item of property,
plant, and equipment. The effective date for adoption of this amendment is annual periods beginning on or after April 1, 2022. The Company has
evaluated the amendment and there is no impact on its financial statements.

Ind AS 37 - Provisions, Contingent Liabilities and Contingent Assets - The amendment specifies that the ''cost of fulfilling'' a contract comprises the
''costs that relate directly to the contract''. Costs that relate directly to a contract can either be incremental costs of fulfilling that contract (examples
would be direct labour, materials) or an allocation of other costs that relate directly to fulfilling contracts (an example would be the allocation of the
depreciation charge for an item of property, plant and equipment used in fulfilling the contract). The effective date for adoption of this amendment is
annual periods beginning on or after April 1, 2022, although early adoption is permitted. The Company has evaluated the amendment and the
impact is not expected to be material.

The accompanying Notes 1 to 24 are integral part of these Financial Statements.

For Ashok Kumar Goyal & Co For and on behalf of the Board of Directors of

Chartered Accountants KINTECH RENEWABLES LIMITED

Firm''s Registration No. 002777N

Shivkumar Niranjanlal Bansal Khushboo Singhal

Whole Time Director Director

Amit Bansal DIN : 09736916 DIN : 09420048

Partner

Membership No. 506269
UDIN :

Somya Gupta Sachin Kumar

Place: New Delhi Chief Financial Officer Company Secretary

Date: April 17, 2023 ICSI M.No. : A61525

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Mar 31, 2015

Notes

1. There are No (Previous year - No) rights, preference and restriction attaching to each class of shares including restriction on the distribution of dividend and the repayment of capital.

2. There are nil number of shares (Previous year Nil) in respect of each class in the company held by its holding company or its ultimate holding company including shares held by or by subsidiary or associates of the holding company or the ultimate holding company in aggregate.

3. There are NIL number of shares (Previous year Nil) reserved for issue under option and contracts/commitment for the sale of shares/disinvetment including the terms and amounts.

4. For the period of five years immediately preceding the date as at which the balance sheet is prepared :

Aggregate number and class of shares allotted as fully paid-up pursuant to contract(s) without payment being received in cash - Nil

Aggregate number and class of shares allotted as fully paid-up - Nil

Aggregate number and class of shares bought back - Nil

5. There are NO securities (Previous year No) convertible into Equity/Preferential Shares

6. There are NO calls unpaid (Previous year No) including calls unpaid by Directors and Officers as on balance sheet date or any forfeited shares.

7. The Company has no suppliers which constitutes small scale Industrial undertaking.

8. The Company principally engaged in the business of Textiles. Accordingly there are no reportable segments as per Accounting Standard No.17 issued by the Institute of Chartered Accountants of India on 'Segment Reporting'.

9. The equity shares of the company are listed on the following Stock Exchanges and company has duly paid the requisite amount of annual listing fees for the year 2014-15 to both the Stock Exchanges.

a) Ahmedabad Stock Exchange Limited Kamdhenu Complex, Opp. Sahajanand College, Panjarapole, Ahmedabad - 380 015.

b) Bombay Stock Exchange Limited Phiroz Jeejeebhoy Tower, Dalal Street, Mumbai-01.

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Mar 31, 2013

1 The Company has invested in the capital of the following partnership firms : Name of the Partnership Firm : RAYBAN INVESTMENTS

Total Capital of the Firm : Rs.30,62,94,326/-

2 No Provision for Current tax has been made in the absence of taxable income.

3 The Company has no suppliers which constitutes small scale Industrial undertaking.

4 The Company principally engaged in the business of Textiles. Accordingly there are no reportable segments as per Accounting Standard No.17 issued by the Institute of Chartered Accountants of India on ''Segment Reporting''.

5 The equity shares of the company are listed on the following Stock Exchanges and company has duly paid the requisite amount of annual listing fees for the year 2012-13 to both the Stock Exchanges.

a) Ahmedabad Stock Exchange Limited Kamdhenu Complex, Opp. Sahajanand College, Panjarapole, Ahmedabad - 380 015.

b) Bombay Stock Exchange Limited Phiroz Jeejeebhoy Tower, Dalal Street, Mumbai-01.

6 Related party disclosures as required by Accounting Standard No.18 issued by the Institute of Chartered Accountants of India are as follows :

(a) Relationships :

i) Joint Ventures / Partnerships : Rayban Investments