Notes to Accounts of Bonlon Industries Ltd.

Mar 31, 2025

2.13 Provision and Contingencies

A provision is recognised when the company has a present obligation as a result of past events 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 (excluding retirement benefit) are not
discounted to their present value and are determined based on the 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. Contingent liabilities are disclosed in the
Notes, forming part of the financial statements.

? 14 Cash and cash equivalents

Cash and cash equivalents comprise cash and balance with banks as on the date of Financial Statements/

2.15 Outstanding Litigations

The Company has filed two cases under Section 138 of Negotiable Instruments Act, 1881 i.e. for the dishonor of cheques. The total amount
involved is Rs. 2.00 crores The matters are sub-judice and any outcome shall be determined on the basis of the judgement of the respective
authority before which it is pending.

2.16 Manufacturing Activities

The company during the financial year has started manufacturing of Plastics Insulated Power Cable at its unit-II situated at E-50(A), RIICO
Industrial Area, Bhiwadi, Rajasthan-301019 after receiving permission to operate Factory from the concern departments.

2.17 Segment Reporting

An operating segment is one whose operating results are regularly reviewed by the entity''s chief operating decision maker to make decisions
about resources to be allocated to the segment and assess its performance. The Company has identified the chief operating decision maker as
its Managing Director. The Chief Operating Decision Maker reviews performance of honey processing business on an overall business.

The Company has only one business segment i.e. Ferrous/Non-Ferrous Metals and its products as per Ind AS 108.

2.18 RE-GROUPED/ARRANGED

The Previous year''s figures have been reworked, re-grouped, re-arranged 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.

---

Mar 31, 2024

AproviXr''s^^_e^acogn2rrhTii^I,thrconipany has a present obligation as a result of past events 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 (excluding retirement benefit) are not discounted to their present value and are determined bas

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.

Contingent liabilities are disclosed in the Notes, forming part of the financial statements.

2.14 Cash and cash equivalents

Cash and cash equivalents comprise cash and balance with banks as on the date of Financial Statements.

^{under Sectlon 138 ofNe}g°^tiable liniments Act, 1881 i.e. for the dishonor of cheques. The total amount involved is 200.65 Ukhs. The
matters are sub-judice and any outcome shall be determined on the basis of the judgement of the respective authority before which it is pending.

slmL is one whose operating results are regularly reviewed by the entity’s chief operating decision maker to make decisions about resources to be allocated to
the segment and assess its performance. The Company has identified the chief operating decision maker as its Managing Director. The Chief perating ecision a er reviews
performance of honey processing business on an overall business.

The Company has only one busniess segment i.e. Ferrous/Non-Ferrous Metals and its products as per Ind AS 108,

Thfpr^Rev;ou7rS7es^Shave been reworked, re-grouped, re-arranged and reclassified wherever necessary. Amounts and other disclosures for the preceding year are
included as an integral-art of the current year financial statements and are to be read in relation to the amounts and other disclosures relating to the current year.-

In terms of our report attached

c7art^Ge7™ ctunfanlf^ATES BONLON INDUSTRKS^IMITED

Firm Registration No. 0053540^ NGX l Qj W/

L Kumar«.

, . _ /$/ V^X/"Managing Director Director

Satish Kumar Gupta ^ /J/ K A tf\Y _{Din No}. 00438324 Din No. 00438444

^Partner _j fyy c/>l . « i ._

M. No. 016746 \^//X

UDIN No.: 24016746BKBZW2786 VokT V¹

¦ . '' y NiiriotGupta Naveen Kumar

^^ Chief Financial Officer Company Secretary

Date: 28/05/2024 ____MNo:A33304_|

I b) The Company do not have any transactions with companies struck off in current year and previous year.

I c) The Company do not have any charges or satisfaction which is yet to be registered with ROC beyond the statutory period in current year and
I previous year.

I d) The Company have not traded or invested in crypto currency or virtual currency during the current year and previous year.

e) The Company have not advanced or loaned or invested funds to any other person(s) or entity(is), including foreign entities (Intermediaries) with
the understanding that the Intermediary shall in current year and previous year:

, i) 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

! ii) provide any guarantee, security or the like to or on behalf of the Ultimate Beneficiaries.

| f) The Company have not received any fund from any person(s) or entity(is), including foreign entities (Funding Party) with the understanding
(whether recorded in writing or otherwise) that the Company shall in current year and previous year:

i) 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

ii) provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries

g) The Company does not have any transaction which is not recorded in the books of accounts that has been subsequently surrendered or disclosed
as income during the year as part of the on going tax assessments under the Income Tax Act, 1961 (such as, search or survey or any other relevant
provisions of the Income Tax Act, 1961) in current year and previous year.

h) The Company do not have any Benami property, where any proceeding has been initiated or pending against the Company forJiolding ap''.

Benami property in current year and previous year. (of \

i) The Company has not been declared as willful defaulter by any bank or financial institution or government or any govenimenraCilTority 16°

current year and previous year. J^r''l

j) The Company has complied with the provisions of number of layers prescribed under the Companies Act, 2013 in currmQJurand pfeCk>{is
year.

Credit risk is the risk of financial loss to the company if a customer or counter party fails to meet its contractual obligations.

Credit risk on cash & cash equivalents is limited as the company deals with high net worth and well reputed banks. Trade
receivables are non-interest bearing and are generally 30 to 45 days credit, depending on respective terms and conditions of sale.
The management evaluates the outstanding receivables on a periodic basis thereby risk is relatively low.

Loans includes security deposit and other inter corporate deposits recoverable from related parties . The company believes that
amount receivable from related parties is collectible in lull hence no loss has been recognized.

(ii) Liquidity risk .....

Liquidity risk is the risk that the company will encounter difficulty in meeting the obligation associated with its financial liabilities
that are settled by delivering cash or another financial asset. The company approach is to maintain sufficient liquidity to meet its
liabilities when they are due without incurring unacceptable losses or risking damage to the company s reputation.

Exposure to liquidity risk

The following are the remaining contractual maturities of financial liabilities at the reporting date. The contractual cash flow
amount are gross and undiscounted.

Note-39 : Other Notes

(i) Previous year figures are regrouped and reclassified wherever necessary to conform to current years presentation.

(ii) Some of the balances of receivables and payables remains unconfirmed till balance sheet date.

(iii) In the opinion of the management the balances shown under sundry debtors, loans and advances and other current assets
have approximately same realizable value as shown in the accounts.

For GAUR & ASSOCIATES For and on behalf of

Chartered Accountants BONLON INDUSTRIES LIMITED

Firm Registration No. ,

I^ .

\ V /, / Anin Kumar Jain RajatJain

Satish Kumar Gupta ^ Managing Director Director

Partner 00438324 Din No. 00438444

M. No. 016746 [of SYl 1 K

UDIN No.: 24016746BKBZVV2786 Lj( ^ |jL

Place: New Delhi X^j^^AnMt Gupta Naveen Kumar

Date-28/05/2024 --Chief Financial Officer Company Secretary

'' ___M No: A33304_