Notes to Accounts of Datiware Maritime Infra Ltd.

Mar 31, 2025

In accordance with the principles laid down under Indian Accounting Standard (Ind AS) 12 - “Income Taxes,” the Company is required to recognize deferred tax assets for all deductible temporary differences, carry forward of unused tax losses and unused tax credits to the extent that it is probable that taxable profit will be available against which those can be utilized.

In the absence of convincing evidence regarding the availability of sufficient future taxable profits, the Company has not recognized deferred tax assets in respect of carry forward losses and unabsorbed depreciation under the Income-tax Act, 1961. The same will be reassessed at each reporting date and recognized when realization is considered

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

Sums allocated to a Capital reserve are permenently invested and cannot be used to pay dividends to shareholders.They are earmarked for Specific purposes such as Long term projects,mitigating capital losses or any other long term contingencies. Subsidy received from Sicom and MPEDA has been shown as Capital Reserve

With the promulgation of the Micro, Small and Medium Enterprises Development Act, 2006, the Company is required to identify Micro, Small and Medium Suppliers and pay them interest on overdue beyond the specified period irrespective of the terms with the suppliers. The Company has circulated letter to all suppliers seeking their status. Response from few suppliers has been received and is still awaited from other suppliers. In view of this, the liability of interest calculated and the required disclosures made, in the below table, to the extent of information available with the Company.

24 Segment Reporting as per IND AS 108

The Company is predominantly engaged in the business of Breeding and Canning of Shrimp for sale and Ship Building. There are 2 Segment in a company which are Fishery

ⁱ⁾ and Shipyard.

As the Company does have revenue from any significant external customer amounting to

ii)

10% or more of the Company''s total revenue, the related information as required under paragraph 34 of Ind AS 108 is disclosed.

Shrimps are collected and gather for breeding in Aquaculture farms.After breeding

ⁱⁱⁱ⁾ shrimps are sold to markets.

iv) Company also engage in building of Ships.

v) Segment Revenue And Results

All segment revenues & expenses that are directly attributable to the segments are reported under the respective segment. The revenues and expenses that are not directly attributable to any segments are shown as unallocated expenses.

vi) Segment Assets and Liabilities

Segment assets include all operating assets used by the business segment and consist principally Fixed Assets, Debtors and Inventories. Segment liabilities primarily include creditors and other liabilities. Assets and Liabilities that cannot be allocated between the segments are shown as a part of unallocated assets and liabilities respectively.

25 Contingent Liabilities not provided for in respect of :

The Company has not provided in books of accounts for contingent liability in respect of interest on central excise and custom duty vide its order no. A/65-70/WZB/06/C-II/EB dt 6.01.06. Amount is not quantified as per the said order.

26 Additional regulatory information required by Schedule III

A. NOTES

_a) Detail Benami Property held

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

b) Borrowing secured against current assets

Bank overdraft is availed against property of the company, hence this point is not applicable

c) Wilful defaulter

by any bank or financial institution (as defined

d) Relationship with struck off companies

The company has no transactions with the companies struck off under Companies act 2013 or Companies act 1956.

e) Companies with number of layer of companies

The Company does not have any subsidiary company , hence the requirements of this clause are not applicable.

f) Companies with approved scheme(s) of arrangements

The Company has not entered into any scheme of arrangement which has an accounting impact on current or previous financial year.

g) Utilisation of borrowed funds and share premium

The company has not advanced or loaned or invested funds to any other person(s) or entity(ies) ,neither have received any such amounts from any other party for funding any other beneficiary.

h) Undisclosed income

The Company does not have any transaction which are not recorded in the books of accounts that have been surrendered or disclosed as income during the year in the tax assessments under the Income Tax Act,

i) Details of crypto currency or virtual currency

The Company has not traded or invested in crypto currency or virtual currency during the current or previous year.

j) Valuation of PP& E , Intangible assets and Investment Property Property, Plant and Equipment (including Right-

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Mar 31, 2024

The Company is predominantly engaged in the business of Breeding and Canning of Shrimp

i) for sale and Ship Building. There are 2 Segment in a company which are Fishery and Shipyard.

As the Company does have revenue from any significant external customer amounting to 10%

ⁱⁱ⁾ or more of the Company’s total revenue, the related information as required under paragraph
34 of Ind AS 108 is disclosed.

Shrimps are collected and gather for breeding in Aquaculture farms.After breeding shrimps are
"^-) sold to markets.

iv) Company also engage in building of Ships.

v) Segment Revenue And Results

All segment revenues & expenses that are directly attributable to the segments are reported
under the respective segment. The revenues and expenses that are not directly attributable to
any segments are shown as unallocated expenses.

vi) Segment Assets and Liabilities

Segment assets include all operating assets used by the business segment and consist
principally Fixed Assets, Debtors and Inventories. Segment liabilities primarily include
creditors and other liabilities. Assets and Liabilities that cannot be allocated between the
segments are shown as a part of unallocated assets and liabilities respectively.

25 Contingent Liabilities not provided for in respect of :

The Company has not provided in books of accounts for contingent liability in respect of interest on central excise and custom duty
vide its order no. A/65-70/WZB/06/C-II/EB dt 6.01.06. Amount is not quantified as per the said order.

26 Additional regulatory information required by Schedule III

A. NOTES

a) Detail Benami Property held

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

b) Borrowing secured against current assets

Bank overdraft is availed against property of the company, hence this point is not applicable

c) Wilful defaulter

The Company is not declared as willful defaulter by

d) Relationship with struck off companies

The company has no transactions with the companies struck off under Companies act 2013 or Companies act 1956.

e) Companies with number of layer of companies

The Company does not have any subsidiary company , hence the requirements of this clause are not applicable.

f) Companies with approved scheme(s) of arrangements

The Company has not entered into any scheme of arrangement which has an accounting impact on current or
previous financial year.

g) Utilisation of borrowed funds and share premium

The company has not advanced or loaned or invested funds to any other person(s) or entity(ies) ,neither have
received any such amounts from any other party for funding any other beneficiary.

h) Undisclosed income

The Company does not have any transaction which are not recorded in the books of accounts that have been
surrendered or disclosed as income during the year in the tax assessments under the Income Tax Act, 1961

i) Details of crypto currency or virtual currency

The Company has not traded or invested in crypto currency or virtual currency during the current or previous year.

j) Valuation of PP& E , Intangible assets and Investment Property
The Company has not revalued any of its Property,

C. Other regularatory Information

a) Title deeds of other immovable properties not held in the name of the company
The title deeds of all immovable properties are held in the name of the company.

b) Registration of charges or satisfaction with Registrar of Companies

There are no borrowings from and financial institutions , hence point is not applicable.

c) Utilisation of borrowings availed from bank and financial institutions

There are no borrowings from and financial institutions , hence point is not applicable.

D ¹ The above results are reviewed by the audit committee and approved by the Board of Directors at its meeting held on 08-05-2024

2 Figures has been regrouped/rearranged/reclassified/reworked wherever necessary.

3 The company organised business into two segments- Aquaculture & Ship building. Segment wise results are attached.

The financial results for the above periods have been prepared in accordance with the Companies (Indian Accounting

4 Standards)Rules,2015 (Ind AS) as prescribed under section 133 of the Companies Act 2013 read with the relevant rules and circulars
issued.

Figures of last quarter are the balancing figures between audited figures in respect of the full financial year and the published year-to-

₅

date figures upto the third quarter of the current financial year

6 Disclosure pursuant to SEBI Circular No. SEBI/HO/DDHS/DDHS-RACPOD1/P/CIR/2023/172 dated October 19, 2023 are as below

a Outstanding Qualified Borrowings at the start of the financial year (Rs. 2.50 lakhs)

b Outstanding Qualified Borrowings at the end of the financial year (Rs.0.50 lakhs)

Highest credit rating of the company relating to the unsupported bank borrowings or plain vanilla bonds, which have no
c

structuring/support built in. Rs. Nil

d Incremental borrowing done during the year (qualified borrowing) (Rs. Nil)
e Borrowings by way of issuance of debt securities during the year (Rs.Nil)

27 Significant Accounting Policies - Refer separate sheet

As per our Report of even date
For P.S.Shingte & Co.

Chartered Accountants For and on behalf of the Board

(Registration no. 114679W) Datiware Maritime Infra Ltd.

Sandhya P. Shingte Ashok Patil Jayshree Patil

(Partner) (Director) (Director)

Membership No. 045216 DIN: 00766354 DIN: 02419826

Place : Pune

Date : 08/05/24 Nachiket Patil

UDIN : 24045216BKEJPW3124 (Chief financial officer)

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Mar 31, 1999

1. CONTINGENT LIABILITIES NOT PROVIDED FOR IN RESPECT OF :

a) Bank Guarantees outstanding Rs. 9.42 lacs (Rs. 10.02 Lacs)

b) Claim not acknowledged pending by creditor Rs. 6.33 Lacs (Rs. 6.33 Lacs)

2. SECURED LOANS :

Nature of Security :

a) The Term Loan & Working capital facilities from Bank is secured Pari Passu by mortgage on leasehold office premises and on farm (partly created) by deposit of title deeds of the company's immovable properties with Bank and further by a pari passu charge by way of hypothecation of the movable assets of the company (except book debts) including movable plant and machinery and other assets, both present and future.

b) The above is secured additionally by way of personal guarantee of all Promoter Directors.

c) The above is further collaterally secured by a piece of land at Malwani, Malad (West), Mumbai, owned by a firm in which the promoter Directors are partners.

3. Estimated amount of contracts remaining to be executed on capital accounts and not provided for (net of advances) as at 31st March 1999 is Rs. NIL (Rs. NIL)

4. The Company has not provided interest on Term Loan and Working Capital Loan during the current year. We are unable to quantify the interest amount as necessary evidence is not in possession of the Company.

5. The Company has not recognised the income of interest on deposit for Bank guarantee. We are unable to quantify the interest amount as necessary evidence is not in possession of the Company.

6. During the year, the company has not provided depreciation on Fixed Assets in view of absence of commercial production. Had the company provided the depreciation on straight line method as in earlier years, the loss for the year would have been higher by Rs. 38.91 Lacs (Rs. 32.62 Lacs) and the Fixed Assets would have been lower to the same extent.

7. Excess provision of the previous years written back includes Electrical expenses liability of the company amounting to Rs. 10.20 lacs which is no longer liability of the Company.

8. The Company has written off bad debts amounting to Rs. 59.01 lacs during the year under audit. In view of the management, these amounts are not receivable by the Company.

9. During the year the Company has capitalised operating overhead expenses of the farm amounting to Rs. 1.49 lacs (previous year Rs. 19.94 lacs). The aforesaid expenses are capitalised to the value of the Fixed Assets of the farm. The same practice was also followed during the previous years.

10. During the year, the company has not written off Deferred Revenue Expenditure of Rs. 11.89 Lacs as done In the earlier years. Had the company continued the same accounting practice, the loss for the year would have been higher by the same amount.

11. During the year the company has not written off Preliminary Expenditure of Rs. 0.50 Lacs & Share issue expenditure of Rs. 2.71 Lacs. Had the company continued the same accounting practice, the loss for the year would have been higher by the same amount.

12. Subsidy received from SICOM & MPEDA has been shown as Capital Reserve.

13. The Debtors, Creditors and Loans and Advances are subject to Confirmation and reconciliation.

14. Managerial Remuneration under section 198 of the Companies Act, 1956. Remuneration to Managing Director Rs. Nil (Rs. Nil)

15. Figures of the previous year have been regrouped and rearranged wherever necessary. Figures in brackets relate to previous year.

16. A suit has been filed on the month of June 1999 against the company by the Banker, Bank of Baroda for the recovery of outstanding amount with them of Rs. 8,43,04,806/-. The Honourable Court has appointed the Court receiver on 22nd June 1999 for taking charge of the fixed assets of the Company.

17. Balance sheet Abstract and Company's General Business Profile as required under Part IV to schedule VI of the Companies Act.

I. Registration details Registration No. 11-67862

II. State Code : 11 Balance Sheet Date : 31st March 1999

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Mar 31, 1998

Details not available in 1998-99 report.

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Mar 31, 1996

1. The Term Loan and Working Capital facilities from Bank of Baroda is secured pari-passu by mortgage on office premises and on farm (pending creation) by deposit of little deeds of the Company's immovable properties and further by a pari-passu charge by way of hypothecation of the entire movable assets of the Company (except book debts) including movable plant and machinery and other assets, both present and future.

2. The above is secured additionally by way of personal guarantee of all Promoter Directors.

3. The credit facility of-Bank of Baroda is further collaterally secured by a piece of land situated at Malwani, Malad (West), Mumbai owned by a firm in which the Managing Director and the Joint Managing Director are partners.

4. The Stock of Work-in-progress as on 31st March 1996 has been valued at Rs. Nil as, in the opinion of the Company, the stock of Marine Products was aborted in the month of April 1996 and thereafter there was no value of the said stock.

5. The Company has gone in for a crop holiday for the present season in view of the prevailing viral infection / disease in prawn crops all over India as advised by the experts in this field.

6. Additional information pursuant to paragraph 4 of part II of Schedule VI to the companies Act, 1956 are furnished to the extent applicable.

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Mar 31, 1995

Secured Loans:

1.Nature of Security:

a) The Term Loans & Working Capital facilities from Bank is secured par passu by mortgage on leased office premises and on farm (pending creation) by deposit of title deeds of the Company's immovable properties and further by a pari passu charged by way of hypothecation of the entire movable assets of the Company (except book debts) including movable plant and machinery and other assets, both present and future.

b) The above is secured additionally by way of personal guarantee of all Promoters Directors

2. The hatchery was set up and commissioned on 2nd August, 1994 and all pre-operative expenses uptil the said date are allocated to respective assets of hatchery. Similarly farms were put to use on 20th September, 1994 and pre-operative expenses were capitalised. The production yield and stocking started from 14th January, 1995 and hence revenue expenditure between the date of set up and production yield/stocking were treated as deferred revenue expenditure by the company to be written off in five equal annual instalments beginning this year.

3. Figures of the previous year have been regrouped wherever considered necessary. Figures in brackets relate to previous year. However, there are no previous year figures for the Profit and Loss Account as the Profit & Loss Account was not prepared during the previous year.