Notes to Accounts of Bandaram Pharma Packtech Ltd.

Mar 31, 2025

c. Terms / rights attached to equity Shares

The company has one class of equity shares having a par value of Rs.10 per share. Each shareholder is eligible for one vote per share held. In the event of liquidation, the equity shareholders are eligible to receive the remaining assets of the company after distribution of all preferential amounts, in proportion to their shareholdings.

23. Consolidated and Standalone Financial Statements (Ind AS 27):

The company has one subsidiary company for the current reporting period. Hence, consolidate and standalone financial statements are prepared as per the Ind AS 27.24. Investments in Associates (Ind AS 28):

The company has purchased equity shares worth of Rs. 140.00 lakhs, of M/s. Craftsmart Products Pvt. Ltd., Hyderabad, in the year 2023-24. This accounting standard has no financial impact on the financial statements for the current reporting period.

25. Interest in Joint Ventures (Ind AS 31):

The company has not entered into any Joint ventures with any entity/person during the year 202425. This accounting standard has no financial impact on the financial statements for the current reporting period.

26. Earnings Per Share (Ind AS 33):

a) Basic Earnings Per Share for (continued operations) As there are no discontinued operations during the current reporting period, EPS is presented for continued operations only.

27. Derivative instruments and un-hedged foreign currency exposure:

a) There are no outstanding derivative contracts as at March 31,2025 (Previous Year - Nil).

b) Particulars of Un-hedged foreign currency exposure as at March 31,2025, is Nil (Previous Year - Nil).

28. Segment-wise Reporting:

The Company engaged in Trading of Paper Board and Recycled Waste Paper. As the Company is engaged in the business of only one segment, segment-wise reporting is not applicable.

29. Secured Loans:

The Company doesn''t have any secured loans during the current reporting period.

33. Foreign Currency Transactions: Nil.

There are no foreign currency transactions during the current reporting period (Previous Year is Nil)

34. Details of Loans given, Investments made and Guarantee given covered Under Section 186(4) of the Companies Act, 2013.

The company has given Corporate Guarantee to the tune of Rs. 1017.00 lakhs, in respect of loans availed by its subsidiary company, M/s. VSR Paper and Packaging Ltd., Bangalore, from AU Small Finance Bank, S.R. Nagar, Hyderabad, in the year 2023-24. After 31st March, 2025, the Company has increased the liability under Corporate Guarantee from Rs. 1,017.00 lakhs to Rs. 1,650.00 lakhs as the existing loans liability of Rs. 1017.00 lakhs of M/s. VSR Paper and Packaging Ltd., with AU Small Finance Bank and, was taken over by the Axis Bank Ltd. and additional limits were sanctioned to the tune of Rs. 633 lakhs to the said company, amounting to total liability to the tune of Rs. 1650.00 lakhs, by the Axis Bank Ltd. vide its sanction letter no. AXIS-CAM732503250074/BE/SOUTH/2025-26, dated 28th April, 2025.

35. Contingent Liabilities not provided for and commitments:
Nature of Contingent Liability	As at 31st March 2025	As at 31st March 2024
nexpired guarantees issued on behalf of the company by Banks for which the Company has provided counter guarantee	NIL	NIL
Bills discounted with banks which have not matured	NIL	NIL
Corporate Guarantees issued by Company on behalf of others to Commercial Banks & Financial Institutions	1017.00	1017.00
Collateral Securities offered to Banks for the limit Sanctioned to others	NIL	NIL
Legal Undertakings given to Customs Authorities for clearing the imports	NIL	NIL
Claims against the company not acknowledged as debts	NIL	NIL
Excise	NIL	NIL
Sales Tax	NIL	NIL
Service Tax	NIL	NIL
Income Tax	NIL	NIL
Civil Proceedings	NIL	NIL
Company Law Matters	NIL	NIL
Criminal Proceedings	NIL	NIL
Others	NIL	NIL

The information has been given in respect of such vendors to the extent they could be identified as micro and small enterprises on the basis of information available with company.

39. Financial Risk Management

In the course of its business, the company is exposed to certain financial risks such as market risk (Including currency risk and other price risks), credit risk and liquidity risk that could have significant influence on the company''s business and operational/financial performance. The Board of directors reviews and approves risk management framework and policies for managing these risks and monitor suitable mitigating actions taken by the management to minimize potential adverse effects and achieve greater predictability to earnings.

40. Credit Risk

Credit risk refers to the risk that counterparty will default on its contractual obligations resulting in financial loss to the company. The company has adopted a policy of only dealing with creditworthy counterparties and obtaining sufficient collateral, where appropriate, a means of mitigating the risk of financial loss from defaults.

41. Liquidity risk

Liquidity risk refers to the risk that the company cannot meet its financial obligations. The objective of liquidity risk management is to maintain sufficient liquidity and ensure that funds are available for use as pre requirements. The Company''s exposure to liquidity risk is minimal as the promoters of the company infusing the funds from time to time based on the requirements of the company.

42. Dividend

The Board recommended dividend @ 0.10 paisa per equity share, amounting to Rs. 12.00 lakhs, for the Financial Year 2024-25 (Previous Year Rs. 12.00 lakhs). After approving the same by the Members in the coming AGM, the whole dividend amount will be transferred to separate bank account before paying the same. Regarding the dividends paid for the years 2022-23 and 2023-24, the unclaimed dividend amount lying in the respective bank accounts as at 31st March, 2025, is Rs. 1.75 lakhs which has been disclosed against “ Balances with Scheduled Banks” under the head “ Bank and Cash Balances” in Note No. 5 to the Balance Sheet ( Previous Year Rs. 1.69 lakhs).

45. The Company does not have any benami property and no proceeding has been initiated or pending against the Company for holding any Benami Property under Benami Transactions (Prohibition) act, 1988.

46. The Company has not been declared wilful defaulter by any bank or financial institution or government or any government authority in accordance with the guidelines on wilful defaulters issued by the RBI.

47. The Company does not have any transactions with companies struck off under section 248 of the Companies act, 2013

48. The Company does not have any charges or satisfaction which is yet to be registered with ROC beyond the statutory period.

49. The Company has not advanced or loaned or Invested funds to any other person(s) or entity (ies), including foreign entities (Intermediaries) with the understanding that the Intermediary shall:

a) Directly or indirectly lend or invest in other persons or entities Identified in any manner whatsoever by or on behalf of the company (Ultimate Beneficiaries) or

b) Provide any guarantee, security or the like to or on behalf of the Ultimate Beneficiaries

50. The Company has not received any fund from any person(s) or entity(ies), including foreign entities (Funding Party) with the understanding (whether recorded in writing or otherwise) that the Group shall:

a) Directly or indirectly lend or invest in other persons or entities identified in any manner whatsoever by or on behalf of the Funding Party (Ultimate Beneficiaries) or

b) Provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries.

51. The Company has not any such transaction which 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.

52. The Company is not covered under section 135 of the Companies act, 2013 regarding the disclosure of details of Corporate Social Responsibility.

53. The Company has not traded or invested in Crypto currency or Virtual Currency during the financial year.

54. The previous year''s figures have been reworked, regrouped, rearranged and reclassified wherever necessary. Amounts and other disclosures for the preceding year are included as an integral part of the current year financial statements and are to be read in relation to the amounts and other disclosures relating to the current year.

55. Amounts have been rounded off to the nearest thousand.

56. Notes. 2 to 20 form an integral part of Standalone Financial Statements and the same have been authenticated.

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Mar 31, 2024

2.20 Provisions, Contingent Liabilities and Contingent Assets (Ind AS 37):

The Company recognized provisions when there is present obligation as a result of past event and it is probable that there will be an outflow of resources required to settle the obligation in respect of which a reliable estimate can be made A disclosure for Contingent liabilities is made when there is a possible obligation or present obligations that may, but probably will not, require an outflow of resources. These are reviewed at each Balance Sheet date and adjusted to reflect the current best estimates. Contingent assets are neither recognized nor disclosed in the financial statements.

2.21 Prior Period and Extraordinary and Exceptional Items:

(i) All Identifiable items of Income and Expenditure pertaining to prior period are accounted through ‘''Prior Period Items''''.

(ii) Extraordinary items are income or expenses that arise from events or transactions that are clearly distinct from the ordinary activities of the enterprise and, therefore, are not expected to recur frequently or regularly. The nature and the amount of each extraordinary item be separately disclosed in the statement of profit and loss in a manner that its impact on current profit or loss can be perceived.

(iii) Exceptional items are generally non-recurring items of income and expenses within profit or loss from

ordinary activities, which are of such, nature or incidence.

2.22 Financial Instruments (Ind AS 107 Financial Instruments: (Disclosures)

I. Financial assets:

A. Initial recognition and measurement

All financial assets and liabilities are initially recognized at fair value. Transaction costs that are directly attributable to the acquisition or issue of financial assets and financial liabilities, which are not at fair value through profit or loss, are adjusted to the fair value on initial recognition.

a. Financial assets carried at amortized cost (AC)

A financial asset is measured at amortized cost if it is held within a business model whose objective is to hold the asset in order to collect contractual cash flows and the contractual terms of the financial asset give rise on specified dates to cash flows that are solely payments of principal and interest on the principal amount outstanding.

b. Financial assets at fair value through other comprehensive income (FVTOCI)

A financial asset is measured at FVTOCI if it is held within a business model whose Objective is achieved by both collecting contractual cash flows and selling financial assets and the contractual terms of the financial asset give rise on specified dates to cash flows that are solely payments of principal and interest on the principal amount outstanding.

c. Financial assets at fair value through profit or loss (FVTPL)

A Financial asset which is not classified as AC or FVOCI are measured at FVTPL e.g., investments in mutual funds. A gain or loss on a debt investment that is subsequently measured at fair value through profit or loss is recognised in profit or loss and presented net in the Statement of Profit and Loss within other gains/(losses) in the period in which it arises.

B. Investments in subsidiaries

The Company has accounted for its investments in subsidiaries at cost and not adjusted to fair value at the end of each reporting period. Cost represents amount paid for acquisition of the said investments.

II. Financial Liabilities

A. Initial recognition

All financial liabilities are recognized at fair value.

B. Subsequent measurement

Financial liabilities are carried at amortized cost using the effective interest method. For trade and other payables maturing within one year from the balance sheet date, the carrying amounts approximate fair value due to the short maturity of these instruments

2.23 Operating Segments (Ind AS 108)

Operating segment is a component of an entity:

a. That engages in business activities from which it may earn revenues and incur expenses (including revenues and expenses relating to transactions with other components of the same entity).

b. Whose operating results are regularly reviewed by the entity''s chief operating decision maker to make decision about resources to be allocated to the segments and assess its performance, and

c. For which discrete financial information is available.

The Company is engaged in Trading of Paper. As there are no two or more separate reportable segments, Segment Reporting as per Ind AS -108, “Operating Segments” is not prepared.

2.24 Events Reporting Period (Ind AS-10)

Events after the reporting period are those events, favourable and unfavourable, that occur between the end of the reporting and the date when the financial statements are approved by the Board of Directors in case of a company, and, by the corresponding approving authority in case of any other entity for issue. Two types of events can be identified:

a. Those that provide evidence of conditions that existed at the end of reporting period (adjusting events after the reporting period);

b. Those that are indicative of conditions that arose after the reporting period ( non-adjusting events after the reporting period).

An entity shall adjust the amounts recognized in its financial statements to reflect adjusting events after the reporting period.

As per the information provided and Books of Account no such events are identified during the reporting period. Hence Ind AS 10 Events After the Reporting Period is not applicable.

2.25 Construction Contracts (Ind AS -11)

Construction contract is a contract specifically negotiated for the construction of an asset or a combination of assets that are closely interrelated or interdependent in terms of their design, technology, and function or their ultimate purpose or use.

The company is engaged in trading of Paper Board and Recycled Waste Paper. Hence. Ind AS 11 “Construction Contract” is not applicable.

2.26 Income Taxes (Ind AS 12)

The Tax Expense for the period comprises of current and deferred tax.

• Current Tax:

Current Tax on Income is determined and provided on the basis of taxable income computed in accordance with the provisions of the Income Tax Act, 1961.

In the year in which ‘Minimum Alternative Tax ‘(MAT) on book profits is applicable and paid, eligible MAT credit equal to the excess of MAT paid over and above the normally computed tax, is recognized as an asset to be carried forward for set off against regular tax liability when it is probable that future economic benefit will flow to the Company within the MAT credit Entitlement period as specified under the provisions of Income Tax Act, 1961.

• Deferred Taxes:

Deferred tax liabilities are recognized for all timing differences. Deferred tax assets are recognized for deductible timing differences only to the extent that there is reasonable certainty that sufficient future taxable income will be available against which such deferred tax assets can be realized. In situations where the Company has unabsorbed depreciation or carry forward tax losses, all deferred tax assets are

recognized only if there is virtual certainty supported by convincing evidence that they can be realized against future taxable profits.

At each reporting date, the Company re-assesses unrecognized deferred tax assets. It recognizes unrecognized deferred tax asset to the extent that it has become reasonably certain or virtually certain, as the case may be, that sufficient future taxable income will be available against which such deferred tax assets can be realized.

The carrying amount of deferred tax assets are reviewed at each reporting date. The Company writes-down the carrying amount of deferred tax asset to the extent that it is no longer reasonably certain or virtually certain, as the case may be, that sufficient future taxable income will be available against which deferred tax asset can be realized. Any such write-down is reversed to the extent that it becomes reasonably certain or virtually certain, as the case may be, that sufficient future taxable income will be available.

Deferred Tax

As per our Report of even date For and on behalf of the Board of Directors

For M M REDDY & CO., Bandaram Pharma Packtech Limited

Chartered Accountants (Formely Known as Shiva Medicare Limited)

Firm Regn No. 010371S

^Sd/- Sd/- Sd/-

^{M Madhusudhana Reddy} B. Deepak Reddy B. Muniratnam Reddy

^Partner Managing Director Chiarman

^Member^{ship No} 213077 DIN No.07074102 DIN No.: 09487708

UDIN: 24213077BKBHCI5049

Date: 29-05-2024 ^{Sd/- Sd/-}

Place_: Hyderabad V. Sivakumar Vellanki Neha Kankariya Jain

C.F.O. Company Secretary

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Mar 31, 2014

List of parties with whom transactions have taken place during the year:

1) Entities under common control

a) Shiva Paper Mills Limited

b) Shiva Services Limited

c) R.N.Finance Limited

d) Shiva Kymen Sukka Limited

2) Key Managerial Personnel

a)Sh.Amit Jain

3) Relatives of Key Management Personnel

a) Sh.Parmod Jain

b) Sh.Parmod Jain HUF

c) Smt. Kiran Jain

d) Sh. Rajat Jain

1.1 Others

i) In the opinion of the management and read with the other notes, the current assets, loans and advances are expected to realize at least the amount/at which they are stated, if realized in the ordinary course of business and provision for all known liabilities has been adequately made in the accounts

ii) The Company has not complied with the provisions of section 383A of the Companies Act 1956 relating to the appointment of a full time Company Secretary keeping in view of its financial position and non-availability to get a suitable person considering the financial sickness of the Company

iii) No provision for Income Tax is necessary in view of the accumulated losses. Also the accumulated deferred tax assets (net) have not been recognized keeping in view the consideration of prudence in accordance with the Accounting Standard 22 "Accounting for Taxes on Income" issued by the Institute of Chartered Accountants of India. Company will reassess the unrecognized deferred tax assets in subsequent period having regard to the future developments

iv) Paise have been rounded off to nearest rupee.

v) Previous Year''s figures have been regrouped and / or rearranged.

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Mar 31, 2013

I) In the opinion of the management and read with the other notes, the current assets, loans and advances are expected to realize at least the amount at which they are stated, if realized in the ordinary course of business and provision for all known liabilities has been adequately made in the accounts

ii) The Company has not complied with the provisions of section 383A of the Companies Act 1956 relating to the appointment of a full time Company Secretary keeping in view of its financial position and non-availability to get a suitable person considering the financial sickness of the Company

iii) No provision for Income Tax is necessary in view of the accumulated losses. Also the accumulated deferred tax assets (net) have not been recognized keeping in view the consideration of prudence in accordance with the Accounting Standard 22 "Accounting for Taxes on Income" issued by the Institute of Chartered Accountants of India. Company will reassess the unrecognized deferred tax assets in subsequent period having regard to the future developments

iv) Paise have been rounded off to nearest rupee.

v) Previous Year''s figures have been regrouped and / or rearranged.

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Mar 31, 2011

1. Contingent liabilities not provided for in respect of

Current Year Previous Year

Cess Due on Rubber including interest Rs. 395,453/- Rs.395,453/- 2. During the year ending 31st March 2006, the co. has sold its entire plant & Machinery and Building for a Lump sump consideration of Rs. 1.55 crore. Out of total consideration of Rs 1.55 crore, Rs. 15,00,000 is still recoverable by the co. from M/s. T.S. Enterprises, Chennai as on 31.03.2011

3. The company has not provided for interest payable of Rs. 709,800/- (Previous year Rs.709,800) on unsecured loans on account of poor financial position of the company. The accumulated non-provision of the interest is Rs.7213439/-(Previous Year Rs.6503639/-)

4. In the opinion of the management and read with the other notes, the current assets, loans and advances are expected to realize at least the amount at which they are stated, if realised in the ordinary course of business and provision for all known liabilities has been adequately made in the accounts.

5. The company has not complied with the provision of section 383A of the companies Act 1956 relating to the appointment of a full time company secretary keeping in view of its financial position and non-availability to get a suitable person considering the financial sickness of the company.

6. No provision of Income Tax is necessary in view of the accumulated losses. Also the accumulated deferred tax assets (net) have not been recognized keeping in view the consideration of prudence in accordance with the Accounting Standard 22 " Accounting for Taxes on Income" issued by the institute of Chartered Accountants of India. Company will reassess the unrecognized deferred tax assets in subsequent period having regard to the future developments.

7. Figures have been rounded off to the nearest rupee.

8. Previous years figures have been regrouped/re-classified wherever necessary.

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Mar 31, 2010

1. Contingent liabilities not provided for in respect of cuss due on Rubber including interest Current Yes Previous Yea Rs,395,453 Rs,395,453

2. During the year ending 31st March 2008, the co, has sold its entire Plant & Machinery and building for a lump sump consideration of Rs.1.55 Croree. Out of total consideration of RS.1.55 CRORE RS. 15.00.000 is still recoverable by the co from M/s T.S Enterprises Chennai as on 31.03.2010

3. The company has not provided for interest payable of Rs.709,800/- previous year Rs.709,800) on secured loans on account of poor financial position of thee company thee accumulated non-provisions of the interest is Rs 6.503.639 (Previous Year Rs,5.793.839)

4. In the opinion of the management and read with he other notes, the current assets bans and advances are expected to realize at least the amount at which they are stayed, if realised in the ordinary course of business and provisions for all known liabilities has been adequately made in the accounts.

5. The company has not compiled with the provisions of sections 383 A of the companies Act, 1956 relating to the appointment of a full time company secretary keeping in view of its financial position and non availability to get a suitable person considering the financial sickness of the company.

6. As per the information with the company the names of the suppliers covered under the Micro, small & Medium Enterprises development Act, 2006 are as under:

7. No provisos for income Tax is necessary in view of the accumulated losses the accumulated deferred tax assets have not been keeping in view the consideration in accordance with the accounting standard 22 Accounting for taxes or income issued of Chartered Accounts of India. Company will reassess the unrecognized deferred tax assists in subsequent having regard to the future developments.

8. Related party disclosures as required as per AS-17 issued by the institute of Chartered Accounts of India.

9. Figures have been rounded off to the nearest rupee.

10. Previous years figures have been regrouped class field wherever necessary.