Notes to Accounts of Agarwal Fortune India Ltd.

Mar 31, 2025

In its ordinary operations, the companies activities expose it to the various types of risks, which are
associated with the financial instruments and markets in which it operates. The company has a risk
management policy which covers the foreign exchanges risks and other risks associated with the
financial assets and liabilities such as interest rate risks and credit risks. The risk management policy
is approved by the board of directors. The following is the summary of the main risks:

a) Market risk

Market risk is the risk that changes in market prices, such as foreign exchange rates (currency risk)
and interest rates (interest rate risk), will affect the companies income or value of it''s holding of
financial instruments. The objective of market risk management is to manage and control market risk
exposures within acceptable parameters, while optimizing the return.

Interest rate risk

Interest rate risk is the risk the fair value or future cash flow of a financial instrument will fluctuate
because of changes in market interest rate. Fair value interest rate risk is the risk of changes in fair
value of fixed interest bearing financial instrument because of fluctuations in the interest rates. Cash
flow interest rate risk is the risk that the future cash flows of floating interest bearing financial
instrument will fluctuate because of fluctuations in the interest rates.

The Company''s exposure to the risk of changes in market interest rates relates primarily to the
borrowing from banks. Currently company is not using any mitigating factor to cover the interest rate
risk.

(b)''Interest rate sensitivity

The sensitivity analysis below have been determined based on exposure to interest rates for borrowing at
the end of the reporting period and the stipulated change taking place at the beginning of the financial year
and held constant throughout the reporting period in case of term loans that have floating rates. If the interest
rates had been 1 % higher or lower and all the other variables were held constant, the effect on Interest expense
for the respective financial years and consequent effect on companies profit in that financial year would have
been as below:

(c) Liquidity risk

Liquidity risk is the risk that the Company will not be able to meet its financial obligations as they become due.

The Company has not obtained any fund based working capital loan forms. The company''s treasury department
is responsible for liquidity, funding as well as settlement management. In addition, process and policies related
to such risk are overseen by senior management. Management monitors the company''s net hquidity
position through rolling forecasts on the basis of expected cash flows.

30. In the absence of uncertainty of Profits in the near future Deferred tax has not been considered.

31. In the opinion of the management, all current assets, loans and advances would be reahzable at
least an amount equal to the amount at which they are stated in the Balance Sheet. Also there is no
impairment of fixed assets.

32. The Company does not fall under Gratuity of payments act

33. Previous year''s figures have been reclassified regrouped and rearranged wherever found
necessary to make them comparable.

Reasons for Variation more than 25%:

Debt-Equity Ratio increase because company increase Overdraft or working capital borrowings from banks and restructure debt compared to
previous period.

2 Debt Service Coverage Ratio increased because increase in net operating income compared to the previous period.

Return on Equity Ratio increased because i ncrease in net operating margin compared to the previous period.

3

Trade payables turnover ratio increased becausecompanystarted taki ng the advantage of early payment

4 discounts, cash discount and requi red to make quick payments because of market trends and futuristic
approach compared to the previous period.

5 Net profit ratio increased because increase in net operating income compared to the previous period.

Return on Capital employed increased because increase in net operating margin compared to the previous

6 period.

xiii. The Company does not have any scheme of arrangements which has been approved by the Competent Authority in terms of sections 230
to 237 of the Companies Act, 2013.

xiv. A. No funds have been advanced or loaned or invested (either from borrowed funds or share premium or any other sources or kind of
funds) 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, 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 on behalf of the Ultimate Beneficiaries.

B. 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 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 Parties or provide any
guarantee, security or the like on behalf of the Ultimate Beneficiaries.

Based on the information available with the Company, there are no dues to Small and Micro enterprises as required to be disclosed under the
Micro, Small and Medium Enterprises Development Act, 2006. The information regarding Micro and Small enterprises has been determined to
the extent such parties have been identified on the basis of information available with the Company.

Previous year''s figures have been regrouped / reclassified wherever necessary to correspond with the current year''s classification / disclosure.

Signatures to Notes forming part of Financial Statements_

As per our report of even date. For and on behalf of Board of Directors of

For Jethani and .Associates M/S AGARWAL FORTUNE INDIA LIMITED?

Chartered Accountants
FRN:010749C

Sd/~ Sd/~

Sd/- Mahesh Kumar Agarwal Sharda Agarwal

UMESH KR. JETHANI Managing Director Director

Partner DIN: 02806108 DIN: 09520743

Membership No.400485

Place: Jaipur Sd/- Sd/~

Date: 29th May, 2025 Monika Shekhawat ADEN PARMAR

UDIN:25400485BMIHUL9909 Chief Financial Officer Company Secretary

Membership No.:A37301

---

Mar 31, 2024

k. Cash and Cash Equivalents

For the purpose of presentation in the Statement of Cash Flows, Cash and Cash Equivalents includes
cash in hand, cheques/drafts in hand, demand deposits with banks, short term balances, highly liquid
investments that are readily convertible into known amounts of cash and which are subject to
insignificant risk of changes in value. Book overdrafts are shown within Other Financial Liabilities in
the Balance Sheet and form part of Cash and Cash Equivalents in the Cash Flow Statement.

l. Income Tax

Income tax expense represents the sum of the current tax and deferred tax.

Current tax charge is based on taxable profit for the year. Taxable profit differs from profit as reported
in the Statement of Profit and Loss because some items of income or expense are taxable or deductible
in different years or may never be taxable or deductible. The Company''s liability for current tax is
calculated using Indian tax rates and laws that have been enacted by the reporting date. Current tax

assets and liabilities are offset when there is a legally enforceable right to set off current tax assets
against current tax liabilities and when they relate to income taxes levied by the same taxation
authority. The Company periodically evaluates positions taken in the tax returns with respect to
situations in which applicable tax regulations are subject to interpretation and establishes provisions
where appropriate.

Deferred tax is the tax arising from temporary differences between the carrying amounts of assets and
liabilities in the Balance Sheet and the corresponding tax bases used in the computation of taxable
profit. Deferred tax liabilities are generally recognised for all taxable temporary differences and
deferred tax assets are recognised to the extent that it is probable that taxable profits will be available
against which deductible temporary differences can be utilised. Deferred tax is calculated at the tax
rates that are expected to apply in the period when the liability is settled or the asset realised, based on
tax rates that have been enacted or substantively enacted by the reporting date.

Current and deferred tax is recognised in profit or loss, except to the extent that it relates to items
recognised in Other Comprehensive Income or directly in equity. In this case the tax is also recognised
in Other Comprehensive Income or directly in equity respectively.

m. Retirement Benefits:

Currently there is no employee in the company who has been working for more than 5 years in
continuous service, hence there is no provision required for gratuity.

n. Earnings Per Share

Basic earnings per Share is calculated by dividing the profit for the period attributable to the owners of
Company by the weighted average number of equity shares outstanding during the period. The
weighted average number of equity shares outstanding during the period and for all periods presented
is adjusted for events, such as bonus shares, other than the conversion of potential equity shares that
have changed the number of equity shares outstanding without a corresponding change in resources.
For the purposes of calculating diluted earnings per share the profit for the period attributable to the
owners of the Company and the weighted average number of shares outstanding during the period is
adjusted for the effects of all dilutive potential equity shares.

o. Exceptional Items

When items of income or expense are of such nature, size and incidence that their disclosure is
necessary to explain the performance of the Company for the year, the Company makes a disclosure
of the nature and amount of such items separately under the head "Exceptional Items."

p. Segment Reporting

This clause is not applicable to the company.

(b) Terms/rights attached to equity shares:

The company has only one class of equity shares, having a par value of Rs.10/- per share. Each shareholder is eligible to one vote per share.

In the event of liquidation of the Company, the holders of equity shares will be entitled to receive any of the remaining assets of the company in proportion to the number
of equity shares held by the shareholders, after distribution of all preferential amounts.

The Company applies principles outlined in IND AS for accounting treatment of forfeitures. The company has forfieted 74200 shares due to non-receipt of call money.

This disclosure ensures transparency regarding the company''s treatment of forfeitures under Ind AS, providing stakeholders with insights into the impact of forfeitures on
the financial position in the balance sheet.

Further all the relevant compliance has dually complied with as per companies act,2013 regarding forfeiture of share.

25 Financial Instruments

Financial risk management objectives and policies

In its ordinary operations, the companies activities expose it to the various types of risks, which are associated with the financial instruments and markets in which it operates. The company has
a risk management policy which covers the foreign exchanges risks and other risks associated with the financial assets and liabilities such as interest rate risks and credit risks. The risk
management policy is approved by the board of directors. The following is the summary of the main risks:

a) Market risk

Market risk is the risk that changes in market prices, such as foreign exchange rates (currency risk) and interest rates (interest rate risk), will affect the companies income or value of it''s holding
of financial instruments. The objective of market risk management is to manage and control market risk exposures within acceptable parameters, while optimizing the return.

Interest rate risk

Interest rate risk is the risk the fair value or future cash flow of a financial instrument will fluctuate because of changes in market interest rate. Fair value interest rate risk is the risk of changes
in fair value of fixed interest bearing financial instrument because of fluctuations in the interest rates. Cash flow interest rate risk is the risk that the future cash flows of floating interest bearing
financial instrument will fluctuate because of fluctuations in the interest rates.

For and on behalf of Board of Directors of

As per our report of even date. M/S AGARWAL FORTUNE INDIA LIMITED ?

For Jethani and Associates

Chartered Accountants
FRN:010749C

Sd/-

Mahesh Kumar Agarwal Sharda Agarwal

Sd/- Managing Director Director

UMESH KR. JETHANI DIN : 02806108 DIN : 09520743

Partner

Membership No.400485

Sd/- Sd/-

Place : Jaipur ANKIT GUPTA ADITI PARMAR

Date : 24.05.2024 Chief Financial Officer Company Secretary

UDIN: 24400485BKACJC7782 Membership No.:A37301

---

Mar 31, 2014

1. Balance of Deposit, Loans & Advances and others are subject to confirmation. However, in the opinion of the management these accounts will fetch the mount as stated in the books of account on realisation in the ordinary course of business.

2. In the opinion of the management and to the best of their knowledge and belief, the aggregate value of the current assets and loans & advances, on realization in the ordinary course of business, will not be less than the amount at which they are stated in the balance sheet.

3. Related Party Disclosures have been set out as below. The related parties , as defined by Accounting Standard 18 related party disclosure, issued by Institute of chartered Accountants of India .In respect of which the disclosures have been made , have been identified on the basis of information available with the company .

4. Previous year figures have been reworked, recast/re-stated to confirm to the classification of the Current year.

---

Mar 31, 2013

1. CONTINGENT LIABILITIES

- Contingent liability that may arise due to delayed / non-compliance of certain fiscal statutes amount unascertainable.

- The company has not provided for gratuity , privilege leave and other retirement benefits as the company has follows the practice of accounting for the retirement benefits as and when paid . This not in accordance with accounting standards -15 issued by the Institute of Chartered Accountants of India. The extent of non compliance in value is not ascertainable and material.

- No Provision for Interest has been made on the Secured Loan given by Dena Bank as the matter is in litigation and the same shall be accounted on the setdement of case The extent of value is not ascertainable..

2. Balance of Sundry Debtors, Sundry Creditors, Trade Deposit, Loans & Advances and others are

subject to confirmation. However, in the opinion of the management these accounts will fetch the amount as stated in the books of account on realisation in the ordinary course of business.

3. No impairment loss has been booked in the books of accounts due to recoverable amount (higher of an asset''s net selling price and its value in use) is higher than carrying amount of asset as per the Directors of company.

4. In the opinion of die management and to the best of their knowledge and belief, the aggregate value of the current assets and loans & advances, on realization in the ordinary course of business, will not be less than the amount at which they are stated in the balance sheet.

5. The Company has generally complied with the direction issued by Reserve Bank of India and provisions of section 58A of die Companies Act, 1956. The policy of provisioning for Non — performing Loans and Advances has been decided by the management considering prudential norms prescribe by the Reserve Bank of India

6. These financial Statements have been prepared in the format prescribed by the Revised Schedule VI to the Companies Act, 1956. Previous year figures have been reworked, recast/re-stated to confirm to the classification of the Current year.

---

Mar 31, 2012

1. CONTINGENT LIABILITIES

- Contingent liability that may arise due to delayed / non-compliance of certain fiscal statutes amount unascertainable.

- The company has not provided for gratuity , privilege leave and other retirement benefits as the company has follows the practice of accounting for the retirement benefits as and when paid . This not in accordance with accounting standards -15 issued by the Institute of Chartered Accountants of India. The extent of non compliance in value is not ascertainable and material.

- No Provision for Interest has been made on the Secured Loan given by Dena Bank as the matter is in litigation and the same shall be accounted on the setdement of case The extent of value is not ascertainable..

2. Balance of Sundry Debtors, Sundry Creditors, Trade Deposit, Loans & Advances and others are subject to confirmation. However, in the opinion of the management these accounts will fetch the amount as stated in the books of account on realisation in the ordinary course of business.

3. No impairment loss has been booked in the books of accounts due to recoverable amount (higher of an asset's net selling price and its value in use) is higher than carrying amount of asset as per the Directors of company.

4. In the opinion of the management and to the best of their knowledge and belief, the aggregate value of the current assets and loans & advances, on realization in the ordinary course of business, will not be less than the amount at which they are stated in the balance sheet.

5. The Company has generally complied with the direction issued by Reserve Bank of India and provisions of section 58A of the Companies Act, 1956. The policy of provisioning for Non — performing Loans and Advances has been decided by the management considering prudential norms prescribe by the Reserve Bank of India

6. Related Party Disclosures have been set out as below. The related parties , as defined by Accounting Standard 18 related party disclosure, issued by Institute of chartered Accountants of India .In respect of which the disclosures have been made , have been identified on the basis of information available with the company .

7. These financial Statements have been prepared in die format prescribed by die Revised Schedule VI to the Companies Act, 1956. Previous year figures have been reworked, recast/re-stated to confirm to the classification of the Current year.

---

Mar 31, 2011

1. The Company has generally complied with the directions issued by the Reserve Bank of India and provisions of section 58A of the Companies Act, 1956.

2. Contingent Liabilities :Nil (Previous Year - NIL)

3. Contingent Liabilities that may arise due to delayed/non Compliance of certain fiscal Statuaries amount unascertainable.

4. The Company has not provided for gratuity, privilege leave and other retirement benefits as the company follows the practice of accounting for the retirement benefits as and when paid. This is not in accordance with the Accounting standard-15 issued by the Institute of Chartered Accountants of India. The extent of non compliance in value term is not ascertainable and material.

8. Related Party Disclosures have been set out as below. The related parties , as defined by Accounting Standard 18 related party disclosure, issued by Institute of chartered Accountants of India .In respect of which the disclosures have been made , have been identified on the basis of information available with the company .

9. In the opinion of the management and to the best of their knowledge and belief, the aggregate value of the current assets and loans & advances, on realization in the ordinary course of business, will not be less than the amount at which they are stated in the Balance Sheet.

10. Balances under the head Sundry Debtors, Creditors, Loans & Advances and other are subject to confirmation with respective parties and necessary adjustments and/or proper classification thereof, if any, will be made on its reconciliation and/or settlement

11. No Provision for Interest has been made on the Secured loan given by Dena Bank as the matter is in litigation and the same shall be accounted for on cash basis on settlement of case.

11. Payment made to the auditors for the year ended as on 31.03.2011 for Rs.16545/- (2009-2010 Rs. 16545/-).

12 Previous year figures have been regrouped and rearranged, wherever considered necessary so as to make them comparable.

---

Mar 31, 2010

1. The Company has generally complied with the directions issued by the Reserve Bank of India and provisions of section 58A of the Companies Act, 1956.

2. Contingent Liabilities nil (Previous Year - NIL)

3. Contingent Liabilities that may arise due to delayed/non Compliance of certain fiscal Statuaries amount un ascertainable.

4. The Company has not provided for gratuity, privilege leave and other retirement benefits as the company follows the practice of accounting for the retirement benefits as and when paid. This is not in accordance with the Accounting standard-15 issued by the Institute of Chartered Accountants of India. The extent of non compliance in value term is not ascertainable and material.

5. In the opinion of the management and to the best of their knowledge and belief, the aggregate value of the current assets and loans & advances, on realization in the ordinary course of business, will not be less than the amount at which they are stated in the Balance Sheet.

6. Balances under the head Sundry Debtors, Creditors, Loans & Advances and other are subject to confirmation with respective parties and necessary adjustments and/or proper classification thereof, if any, will be made on its reconciliation and/or settlement

7.Payment made to the auditors for the period ended as on 31.03.2010 for Rs.15500/- (2008-2009 Rs. 15500/).

8 Previous years figures have been regrouped and rearranged, wherever considered necessary so as to make them comparable.