Notes to Accounts of Amwill Health Care Ltd.

Mar 31, 2026

• Disposal

Gains or losses arising from derecognition of an intangible asset are measured as the difference between the net disposal proceeds and the carrying amount of the asset and are recognized in the statement of profit and loss when the asset is derecognized.

2.15 Provisions, contingent liabilities and contingent assets

A provision is recognised when the Company has a present obligation as a result of past event and it is probable that an outflow of resources will be required to settle the obligation, in respect of which a reliable estimate can be made. Provisions are not discounted to its present value (except dismantling / decommissioning liabilities that are recognised as cost of Property, Plant and Equipment) and are determined based on best estimate required to settle the obligation at the balance sheet date. These are reviewed at each balance sheet date and adjusted to reflect the current best estimates.

A disclosure for a contingent liability is made when there is a possible obligation or a present obligation that may, but probably will not require an outflow of resources. When there is a possible obligation or a present obligation in respect of which likelihood of outflow of resources is remote, no provision or disclosure is made.

Contingent assets are neither disclosed nor recognised.

2.16 Earnings per share

Basic earnings per share are calculated by dividing the net profit or loss (after tax) for the period attributable to equity shareholders by the weighted average number of equity shares outstanding during the period. The weighted average number of equity shares outstanding during the period is adjusted for event of rights issue.

Diluted earnings per share is calculated by dividing the net profit or loss (after tax) for the period attributable to equity shareholders and the weighted average number of equity shares outstanding during the period are adjusted for the effects of all dilutive potential equity shares.

2.17 Share issue expenses

Share issue expenses are adjusted against securities premium (to the extent available) and statement of profit and loss.

3.1 Terms/ rights attached to equity shares

The Company has a single class of equity shares. All equity shares rank equally with regards to dividends and share in the Company''s residual assets. The equity shareholders are entitled to receive dividend as declared from time to time. The voting rights of equity shareholders on a poll are in proportion to its share of the paid-up equity capital of the Company. Voting rights cannot be exercised in respect of shares on which any call or other sums presently payable has not been paid. Failure to pay any amount called up on shares may lead to forfeiture of the shares.

3.5 Aggregate number of shares issued for consideration other than cash and shares bought back during the period of five years immediately preceding the reporting date:

Issue of bonus shares - 1,55,50,000 equity shares of Rs.10 each issued as fully paid bonus shares for every existing 1 fully paid-up equity share of the face value of Rs.10 each held by the members as on 04^th April 2024 (the Record Date). The bonus equity shares has been issued on 05^th April 2024 by capitalizing the sum of Rs. 1,555.00 from and out of free reserves of the company.

6.1 Disclosure u/s 22 of Micro, Small and Medium Enterprises Development Act, 2006

Disclosure of outstanding dues to vendors registered with appropriate authority under the Micro, Small and Medium Enterprises Development Act, 2006 is to the extent of information available with the Company. Disclosure required under the Act are as given below:

14.1 Investments in 6.76% GOI Loan 2061 (Quoted) and Vivriti fixed income fund- Diversified Bond Fund II (Unquoted) have been classified as non-current investment considering the management''s intention to hold the same for a long-term period and their residual maturity exceeding twelve months from the balance sheet date.

(iv) As at 31 March 2026, the Company has not granted any loans to the promoters, directors, KMPs and the related parties (as defined under Companies Act, 2013), either severally or jointly with any other person (31 March 2025: Nil). Loans given to employees as per the Company''s policy are not considered for the purposes of disclosure under Section 186(4) of the Companies Act, 2013.

(v) As at 31 March 2026, the Company has not granted any loans to the promoters, directors, KMPs and the related parties (as defined under Companies Act, 2013), either severally or jointly with any other person (31 March 2025: Nil). Loans given to employees as per the Company''s policy are not considered for the purposes of disclosure under Section 186(4) of the Companies Act, 2013.

(vi) The Company has paid/ provided managerial remuneration for the year ended March 31, 2026 to its managing directors in accordance with the requisite approvals mandated by the provision of section 197 read with Schedule V to the Act.

29 Employee Benefit Obligations

29.1 Disclosures for defined contribution plan

The Company has certain defined contribution plans. The obligation of the Company is limited to the amount contributed and it has no further contractual obligation. Following are the details regarding Company''s contributions made during the year:

(iv) As at 31 March 2026, the Company has not granted any loans to the promoters, directors, KMPs and the related parties (as defined under Companies Act, 2013), either severally or jointly with any other person (31 March 2025: Nil). Loans given to employees as per the Company''s policy are not considered for the purposes of disclosure under Section 186(4) of the Companies Act, 2013.

(v) As at 31 March 2026, the Company has not granted any loans to the promoters, directors, KMPs and the related parties (as defined under Companies Act, 2013), either severally or jointly with any other person (31 March 2025: Nil). Loans given to employees as per the Company''s policy are not considered for the purposes of disclosure under Section 186(4) of the Companies Act, 2013.

(vi) The Company has paid/ provided managerial remuneration for the year ended March 31, 2026 to its managing directors in accordance with the requisite approvals mandated by the provision of section 197 read with Schedule V to the Act.

29.2 Disclosures for defined benefit plans

(i) Gratuity

In accordance with the Payment of Gratuity Act, 1972, the Company provides for gratuity, a defined benefit retirement plan ("the Plan") covering eligible employees. The Plan provides for a lump sum payment to vested employees on retirement, death or termination of employment of amounts that are based on salary and tenure of employment. Liabilities with regard to the Gratuity Plan are determined by actuarial valuation using Projected Unit Credit method. The Gratuity plan is funded:

The actuarial assumptions used in estimation of actuarial liability for the Gratuity Plan were as follows:

On November 21^st, 2025, the Government of India notified the four consolidated Labour Codes, replacing multiple existing labour laws. Based on the draft rules and available guidance, the Company has assessed the impact of the revised wage definition on its employee benefit obligations in accordance with AS-15. This assessment has resulted in a one-time estimated increase amounting to Rs. 0.01 Lakhs in employee benefit provisions and has been recognised under Employee Benefits Expense in the current period. The Company will continue to monitor the finalisation of the relevant Central and State Rules and will account for any additional impacts in the period in which such Rules or clarifications are notified

32 Segment reporting

The Company operates in only one segment i.e. dealing in pharma products. Accordingly there is no reportable segment in accordance with Accounting Standard 17 - Segment Reporting. Further, entire operations are located in India, hence there is no reportable geographical segment.

33 Foreign currency exposure and derivative contracts

Foreign currency exposure outstanding as on 31 March 2026 : Nil (31 March 2025: Nil). There are no outstanding derivative contracts as at 31 March 2026 (31 March 2025 : Nil).

34 Capital commitments, other commitments and contingent liabilities

34.1 Capital commitments

There are no capital commitments as at 31 March 2026 (31 March 2025: Nil).

34.2 Contingent liabilities (to the extent not provided for)

There are no contingent liabilities as at 31 March 2026 (31 March 2025: Nil).

36 Additional Regulatory Information

(a) Details of Benami Property held

The Company do not have any Benami property, where any proceeding has been initiated or pending against the Company for holding any Benami property.

(b) Details of Loans and advances

There are no loans and advances granted to promoters, directors, key managerial personnel (KMPs) and the related parties which are repayable on demand or without specifying any terms or period of repayment.

(c) Borrowings secured against current assets

The Company has no borrowings from banks and financial institutions on the basis of security of current assets. Hence the question for reporting under this clause does not arise.

(d) Wilful Defaulter

The Company has not been declared as a wilful Defaulter by any Financial Institution or bank as at the date of Balance Sheet.

(e) Relationship with Struck off Companies

The Company do not have any transactions with struck off companies.

(f) Registration of charges or satisfaction with Registrar of Companies (ROC)

The Company has no pending charges or satisfaction which are yet to be registered with the ROC beyond the Statutory period.

(g) Compliance with number of layers of companies

The Company has complied with the provision of the number of layers prescribed under clause (87) of section 2 of the Act read with the Companies (Restriction on number of Layers) Rules, 2017.

(h) Compliance with approved Scheme(s) of Arrangements

There are no Schemes of Arrangements has been approved by the Competent Authority in terms of sections 230 to 237 of the Companies Act, 2013.

(i) Discrepancy in utilization of borrowings

There are no borrowings during the year, hence the question for reporting under this clause does not arise.

(j) Utilisation of borrowings availed from banks and financial institutions

There are no borrowings during the year, hence the question for reporting under this clause does not arise.

(k) Undisclosed Income

The Company has no transaction that is not recorded in the books of accounts that has been surrendered or disclosed as Income during the year in the tax assessments under the Income Tax Act, 1961 (such as, search or survey or any other relevant provisions of the Income Tax Act, 1961).

(l) Details of Crypto Currency or Virtual Currency

The Company has not traded or invested in Crypto currency or Virtual Currency.

(m) Revaluation of Property, plant and equipment

The Company has not revalued its property, plant and equipment or intangible assets or both during the current or previous year.

(n) Title deed of immovable properties

The title deeds of all the 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.

38 The Company has completed Initial Public Offering (IPO) of Rs. 4,888.00 lakhs (Fresh Issue) and Rs. 1,110.00 lakhs (offer for sale) comprising of 54,03,600 equity shares of Rs. 10 each at an issue price of Rs.111 per share. The equity shares of the Company have been listed on SME platform of BSE (hereinafter referred as "Stock Exchange") w. e. f. 12^th February 2025.

# Amount utilised upto 31 March 2026 includes share issue expenses related payments made by the Company from its internal resources which is pending withdrawal from IPO accounts aggregating to Rs. 52.90 lakhs.

* Issue expenses exceeding the limits prescribed in the Prospectus aggregating to Rs. 148.48 Lakhs has been adjusted against General corporate purposes.

40 The Company elected to exercise the option permitted under section 115BAA of the Income-tax Act, 1961 as introduced by the Taxation Laws (Amendment) Ordinance, 2019 from financial year 2021-22 onwards. Accordingly, Income Tax rate prescribed in the said section i.e. 22% as increased by applicable surcharge (10%) and cess (4%) is applicable to the Company from that financial year.

41 The Company has experienced a cyber security incident on 18^th February 2026 resulting in loss of back-up of books of account for the period from 01^st April 2025 to 18^th February 2026. The accounting data for the period from 01^st April 2025 to 29^th September 2025 was restored using software back-up available, while accounting data for the period from 30^th September 2025 till 18^th February 2026 was reconstructed and re-entered in the books of account based on available supporting records and documentation.

42 The Board of Directors, at its meeting held on 30^th May 2026, recommended a final dividend of Rs.0.50 per equity share of face value Rs.10 each aggregating to Rs. 100.02 Lakhs for the financial year ended 31 March 2026. The proposed dividend is subject to the approval of the shareholders at the ensuing Annual General Meeting and has not been recognised as a liability as at 31 March 2026

43 The Previous year''s figures have been regrouped /reclassified, wherever considered necessary.

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Mar 31, 2025

3.1 Terms/ rights attached to equity shares

The Company has a single class of equity shares. All equity shares rank equally with regards to dividends and share in the Company''s residual assets. The equity shareholders are entitled to receive dividend as declared from time to time. The voting rights of equity shareholders on a poll are in proportion to its share of the paid-up equity capital of the Company. Voting rights cannot be exercised in respect of shares an which any call or other sums presently payable has not been paid. Failure to pay any amount called up on shares may lead to forfeiture of the shares.

On winding up of the Company, the holders of the equity shares will be entitled to receive the residual assets of the Company, remaining after distribution of all preferential amounts in proportion of the number of equity

3.5 Pursuant to the approval of the Board of Directors at their meeting dated 13 December 2023, the Company has issued 20,000 fully paid up equity shares to the existing eligible shareholders on a right basis in the ratio of 2 (two) equity shares for every 3 (Three) equity shares held by them on the record date of 13 December 2023.

3.6 Authorised share capital of the Company has been increased from 2,50,000 equity shares of Rs.10 each to 2,10,00,000 equity shares of Rs.10 each as approved by members at the extra ordinary general meeting held on

3.7 Aggregate number of shares issued for consideration other than cash and shares bought back during the period of five years immediately preceding the reporting date:

Issue of bonus shares -1,55,50,000 equity shares of Rs.10 each issued as fully paid bonus shares for every existing 1 fully paid-up equity share of the face value of Rs.10 each held by the members as on 04 April 2024 (the Record Date). The bonus equity shares has been issued on 05 April 2024 by capitalizing the sum of Rs. 1,555.00 from and out of free reserves of the company.

14.1 Security deposit given include deposit given to Directors amounting to Rs. 25.00 (As at 31 March 2024: Rs. 12.50) for office premises taken on lease. (Also refer note 27)

14.2 Fixed deposits with bank includes unutilized proceeds of an Initial Public Offering, pending utilization kept as fixed deposit with Scheduled Bank amounted to Rs. 3,500 (As at 31 March 2024: Rs. Nil).

14.3 Current tax expenses and income tax assets for the year are net of tax impact related to IPO expenses aaareaatina

(iv) As at 31 March 2025. the Company has not granted any loans to the promoters, directors, KMPs and the related parties (as defined under Companies Act, 2013), either severally or jointly with any other person (31 March 202A: Nil). Loans given to employees as per the Company''s policy are not considered for the purooses of disclosure under Section 186(A) of the Companies Act, 2013.

(v) Transaction with related parties are disdosed from the date when relationship came into existence and upto the date of relationship

(vi) The Company has paid/ provided managerial remuneration for the year ended 31 March 2025 to its managing directors in accordance with the requisite approvals mandated by the provision of section 197 read with Schedule V to the Act.

28 Employee Benefit Obligations

28.1 Disclosures for defined contribution plan

The Company has certain defined contribution plans. The obligation of the Company is limited to the amount contributed and it has no further contractual obligation. Follow ng are the details regarding Company''s contributions made during the year:

28.2 Disclosures for defined benefit plans (i) Gratuity

In accordance with the Payment of Gratuity Act, 1972, the Company provides for gratuity, a defined oenefit retirement plan ("the Plan”) covering eligible employees. The Plan provides for a lump sum payment to vested employees on retirement, death or termination of employment of amounts that are based on salary and tenure of employment. Liabilities with regard to the Gratuity Plan are determined bv actuarial valuation usina Proiected Unit Credit method. The Gratuitv plan is partly funded in Life insurance

29.1 Weighted average number of equity shares outstanding in all the periods also includes impact of bonus component in the rights issue. (Also refer note 3.5)

29.2 In terms of Para 44 of Accounting Standard- 20, Earnings per share of current year and earlier years have been adjusted for bonus shares issued durina the vear. (Also refer note 3.7)

31 Segment reporting

The Company operates in only one segment i.e. dealing in pharma products. Accordingly there is no reportable segment in accordance with Accounting Standard 17 - Segment Reporting. Further, entire operations are located in India, hence there is no reportable geographical segment.

32 Foreign currency exposure and derivative contracts

Foreign currency exposure outstanding as on 31 March 2025 : Nil (31 March 2024: Nil). There are no outstanding derivative contracts as at 31 March 2025 (31 March 2024 : Nil).

33 Capital commitments, other commitments and contingent liabilities

33.1 Capital commitments

There are no capital commitments as at 31 March 2025 (31 March 2024: Nil).

33.2 Contingent liabilities (to the extent not provided for)

There are no contingent liabilities as at 31 March 2025 (31 March 2024: Nil)

35 Additional Regulatory Information

(a) Details of Benami Property held

The Company do not have any Benami property, where any proceeding has been initiated or pending against the Company for holding any Benami property.

(b) Details of Loans and advances

There are no loans and advances granted to promoters, directors, key managerial personnel (KMPs) and the related parties which are repayable on demand or without specifying any terms or period of repayment except salary advance given to the directors and related parties in accordance with the employee advance policy of the Company.

(c) Borrowings secured against current assets

The Company has no borrowings from banks and financial institutions on the basis of security of current assets. Hence the question for reoortina under this clause does not arise.

(d) Wilful Defaulter

The ComDanv has not been declared as a wilful Defaulter bv anv Financial Institution or bank as at the date of Balance Sheet.

(e) Relationship with Struck off Companies

The ComDanv do not have anv transactions with struck off comDanies

(f) Registration of charges or satisfaction with Registrar of Companies (ROC)

The Company has no pending charges or satisfaction which are yet to be registered with the ROC beyond the Statutory period.

(a) Compliance with number of layers of companies

The Company has complied with the provision of the number of layers prescribed under clause (87) of section 2 of the Act read with the Companies (Restriction on number of Layers) Rules, 2017.

(h) Compliance with approved Scheme{s) of Arrangements

There are no Schemes of Arrangements has been approved by the Competent Authority in terms of sections 230 to 237 of the Companies Act, 2013.

(i) Discrepancy in utilization of borrowings

There are no borrowings during the year, hence the question for reporting under this clause does not arise.

(j) Utilisation of borrowings availed from banks and financial institutions

There are no borrowings during the year, hence the question for reporting under this clause does not arise.

(k) Undisclosed Income

The Company has no transaction that is not recorded in the books of accounts that has been surrendered or disclosed as Income during the year in the tax assessments under the Income Tax Act, 1961 (such as, search or survey or any other relevant provisions of the Income Tax Act, 1961).

(l) Details of Crypto Currency or Virtual Currency

The Company has not traded or invested in Crypto currency or Virtual Currency.

(m) Revaluation of Property, plant and equipment

The Company has not revalued its property, plant and equipment or intangible assets or both during the current or previous year.

(o) Title deed of immovable properties

The title deeds of all the 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.

36 Additional information required under Schedule III of the Companies Act, 2013 to the extent applicable has been given below.

There are no earnings and expenditure incurred in Foreign currency in the current year (31 March 2024: Nil). Also, there are no remittances in foreign currency on account of dividends durinq the current year (31 March 2024: Nil).

37 During the year ended 31st March, 2025, the Company has completed Initial Public Offering (IPO) of Rs. 4,888.00 lakhs (Fresh Issue) and Rs. 1,110.00 lakhs (offer for sale) comprising of 54,03,600 equity shares of Rs. 10 each at an issue price of Rs.111 per share. The equity shares of the Company have been listed on SME platform of BSE (hereinafter referred as "Stock Exchange'') w. e. f. 12th February 2025.

In respect of the aforesaid IPO, the Company has incurred provided share issue expenses aggregating to Rs. 755.34 lakhs upto 31st March 2025. Same has been adiusted against balance of Securities Premium. Also refer note 4.

39 Code on Social Security, 2020

The Indian Parliament has approved the Code on Social Security, 2020 which would impact the contributions by the Company towards Provident Fund and Gratuity. The Ministry of Labour and Employment has released draft rules for the Code on Social Security, 2020 on November 13, 2020, and has invited suggestions from stakeholders which are under active consideration by the Ministry. The Company will assess the impact and its evaluation once the subject rules are notified and will give appropriate impact in its financial statements in the year in which, the Code becomes effective and the related rules to determine the financial impact are published.

40 The Company elected to exercise the option permitted under section TI5BAA of the Income-tax Act, 1961 as introduced by the Taxation Laws (Amendment) Ordinance, 2019 from financial year 2021-22 onwards. Accordingly, Income Tax rate prescribed in the said section i.e. 22% as increased by applicable surcharge (10%) and cess (4%) is applicable to the Company from that financial year.

41 The Previous year''s figures have been regrouped /reclassified, wherever considered necessary.