Notes to Accounts of Ambo Agritec Ltd.

Mar 31, 2025

Provisions, Contingent Liabilities and Contingent Assets

A contingent liability exists when there is a possible but not probable obligation, or a present obligation that may, but probably will
not, require an outflow of resources, or a present obligation whose amount cannot be estimated reliably. Contingent liabilities do not
warrant provisions, but are disclosed unless the possibility of outflow of resources is remote. Contingent assets are neither
recognized nor disclosed in the financial statements. However, contingent assets are assessed continually and if it is virtually certain
that an inflow of economic benefits will arise, the asset and related income are recognized in the period in which the change occurs.

Borrowing Costs:

Borrowing cost includes interest, and other ancillary costs incurred in connection with the arrangement of borrowings and are
charged to revenue. Borrowing costs that are attributable to the acquisition or construction of qualifying assets are capitalized as
part of the cost of such assets. A qualifying asset is one that necessarily takes a substantial period of time to get ready for its
intended use. All other borrowing costs are charged to the Statement of Profit and Loss in the period in which they are incurred.

Prior Period Expenditure:

The change in estimate due to error or omission in earlier period is treated as prior period items. The items in respect of which
liability has arisen/crystallized in the current year, though pertaining to earlier year is not treated as prior period expenditure.

Extra Ordinary Items:

The income or expenses that arise from event or transactions which are clearly distinct from the ordinary activities of the Company
and are not recurring in nature are treated as extra ordinary items. The extra ordinary items if any are disclosed in the statement of
profit and loss as a part of net profit or loss for the period in a manner so as the impact of the same on current profit can be
perceived.

Cash Flow Statement:

Cash flows are reported using indirect method, whereby profit before tax is adjusted for the effects transactions of a non-cash nature
and any deferrals or accruals of past or future cash receipts or payments. The cash flow from regular revenue generating, financing
and investing activities of the Company is segregated. Cash and cash equivalents in the balance sheet comprise cash at bank, term
deposits if any maturing within 12 months, cash/cheques in hand and short-term investments with an original maturity of three
months or less.

Accounting for Government Grants:

The Company has not received any subsidy during the year.

Accounting for Amalgamation:

The company has not entered into any amalgamation contract in the financial year.

Leases:

There are no leases operating within the company.

Financial Reporting of Interests in Joint Ventures:

This Standard is not applicable in case of the Company as the Company has not entered into any Joint Venture.

Contingencies and Events Occurring after Balance Sheet Date:

Disclosure of contingencies if any as required by the accounting standard is furnished in the Notes on accounts.

Related Party Disclosures:

Details of related parties and transaction are disclosed in Note-37 of the Financial Statements.

Discontinuing Operations:

This Standard is not applicable to our Company since the Company has not discontinued any operations during the year.

Interim Financial Reporting:

The Interim Financial Report complies with the relevant accounting standard AS-25
Director Personal Expenses

There are no direct personal expenses debited to the profit and loss account. However, personal expenditure if included in ex penses
like telephone, vehicle expenses etc. are not identifiable or separable.

Re-grouping/re-classification of amounts:

The figures have been grouped and classified wherever they were necessary and have been rounded off to the nearest rupee.

For and on behalf of the Board of Directors

of

M/s AMBO Agritec Ltd.

For M/s Dokania S. Kumar & Co.

Chartered Accountants

Saikat

Firm Registration No. 322919E Umesh Kumar Chatterjee

Agarwal

DIN:00210217 DIN:08511896

Managing Director Director

(CA Sourav Dokania)

Partner

Membership No. 304128

Place : Kolkata Atish Kumar Roy Konika Poddar

Chief Financial Company

Dated: 23.05.2025 Officer Secretary

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Mar 31, 2024

As per records of the company, including its register of shareholders/members and other declarations received from shareholders regarding beneficial interest, the above shareholding represents both legal and beneficial ownerships of shares.

c. Terms & Conditions attached to Equity Shares

The company has only one class of equity shares having a par value of Rs.10/- per share. Each holder of equity shares 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. The distribution will be in proportion to the number of equity shares held by the shareholders and any other as the Memorandum or Articles may prescribe for the same.

(*) Amount repayable during next 12 months is included under the head "Short Term Borrowing" Note No. 7

i) Secured Term Loan of Rs. 207 Lacs from Indian Bank is secured against Personal Guarantee of Umesh Kumar Agarwal, Saikat Chatterjee, Geetanjali Saberwal Agarwal and Nandini Agarwal. Commercial Property of the Company

and Residential Property of Director Mr. Umesh Kumar Agarwal. ROI 10.90%

The same is repayable in 151 monthly instalment oi rs. 1.3/ Lacs each

starting July, 2022

ii) Secured Term Loan of Rs.116 Lacs from Indian Bank is secured against Personal Guarantee of Umesh Kumar Agarwal, Saikat Chatterjee, Geetanjali Saberwal Agarwal and Nandini Agarwal., Commercial Property, Stock and Book Debts of the Company and Residential Property of Director Mr. Umesh Kumar Agarwal. ROI 9.25%

The same is repayable in 26 monthly instalment of Rs. 4.46 Lacs each starting from July,2022

iii) Secured Term Loan of Rs.76 Lacs from Indian Bank is secured against Personal Guarantee of Umesh Kumar Agarwal, Saikat Chatterjee, Geetanjali Saberwal Agarwal and Nandini Agarwal., Commercial Property, Stock and Book Debts of the Company and Residential Property of Director Mr. Umesh Kumar Agarwal. ROI 9.25%

Cash Credit limit of Rs.910 Lacs and Packing Credit Limit of Rs.300 Lacs is availed from Indian Bank, Ultadanga Branch, Kolkata and is secured against hypothecation of Stock and Book Debts and all Current Assets of the Company, both present and future as Primary Security. Personal Guarantee of Umesh Kumar Agarwal, Saikat Chatterjee, Geetanjali Saberwal Agarwal and Nandini Agarwal. EM of Residential Flat at Flat No. 2A at Monalisa Building at Camac Street, Kolkata. EM of land with Factory Shed and Building at Magalpur Industrial Estate Raniganj as Collateral Security. Cash Credit is repayable on demand and ROI is 10.90% and Packing Credit is repaybale out of Export proceeds and ROI is 9.90%

29 Contingent Liabilities not provided for: Claims against the Company not acknowledged as Debts: 1. Income Tax Demand Asst Year 2019-20	2.26	2.26
2. Income Tax Demand Asst Year 2020-21	1.43	1.43
3. Income Tax Demand Asst Year 2021-22	1.16	1.16
4. Tax Deducted at Source	10.42	10.42
	15.27	15.27

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Mar 31, 2023

Provisions, Contingent Liabilities and Contingent Assets

A contingent liability exists when there is a possible but not probable obligation, or a pnblsgmtion that may, but probably will not, require an outflow of resources, or a present obligation whose amount cannot be estimated reliab Contingent liabilities do not warrant provisions, but are disclosed unless the possibility of outflow ofesrasour remote. Contingent assets are neither recognized nor disclosed in the financial statements. However, contingent as are assessed continually and if it is virtually certain that an inflow of economic benefits will arise, the asset and r income are recognized in the period in which the change occurs.

Cash &Cash Equivalentas indicated in the Cash Flow Statement comp Cash on Hand, Cash at Bank and Fixed Deposits held with Bank.

Borrowing Costs:

Borrowing cost includes interest^ other ancillary costs incurred in connection with the arrangement of borrowing and are charged to revenu Borrowing costs that are attributable to the acquisition or construction of qualifying ass are capitalized as part of the cost of such sisAetqualifying asset is one that necessarily takes a substantial period of time to get ready for its intended uAel other borrowing costs are charged to the Statement of Profit and Loss in 1 period in which they are incur r ed.

Previous Year FigureaVb been regrouped or rearranged wherever considered neces sary.

Balances of Sundry Debtors, Loan & Advances and Sundry Creditors are subject to confirmation and reconciliation any).

The details of amount outstanding under the Micro, Small and Medntm prises Development Act, 2006 to the extent of information available with the Company are as under:

(i) Principal & Interest amount due and remaining unpaid as at 3 103320Nil (Previous Year Nil)

(ii) Payment made beyond the appointed day during the yearil previous Year N il)

(iii) Interest Accrued and unpaid as at 3 103.232 Nil (Previous Year Nil)

The Company has utilized the borrowings received from banks and financial instutions for the purpose for which it '' taken during the year.

The title deeds ofll immovable properties are held in the name of the Company. Accordingly, there are no Immovabh properties which were not held in name of the Company as on 3KB3202id 3.08.2022

There were no capit-ahork-in progress and intangible assets under etepment, whose completion was overdue or has exceeded its cost compared to its original pl an.

Figures for the half year ended September, 2022 has not been provided in the financial statement because this company’s first year after initial public is sue

In the opinion of the Board of Directors, the current assets, loansvandeadare approximately of thealue stated if realized in the ordinary course of business. The provision for depreciation and for all known liabilities are adequate not in xcess of the amount reasonably necessary

Sd/- S d/-

Place: Kolkata U meshKumarAgarwal S aikat Chatterjee

Date: 28.06 .2022 i DIN :0Q202F ) (D I N:0851B96 )