Notes to Accounts of Ganesh Green Bharat Ltd.

Mar 31, 2025

m Provisions, Contingent liabilities and Contingent assets

Provisions involving substantial degree of estimation in measurements are recognised when there is a present obligation as a result of past
events and it is probable that there will be an outflow of resources. Contingent Liabilities are disclosed in the notes. Contingent Assets are
neither recognised nor disclosed in the financial statements.

n Cash and cash equivalents

The Company considers all highly liquid financial instruments, which are readily convertible into known amount of cash that are subject to
an insignificant risk of change in value and having original maturities of three months or less from the date of purchase, to be cash
equivalents.

o Current & non- current classification

All the assets and liabilities have been classified as current or non-current as per the Company''s normal operating cycle as 12 months and
other criteria set out in Revised Schedule III to the Companies Act, 2013. Based on the nature of activities and time between the activities
performed and their subsequent realisation in cash or cash equivalents, the company has ascertained its operating cycle as 12 months for
the purpose of current / non-current classification of assets and liabilities.

p Cash flow statement

The Cash Flow Statement has been prepared in accordance with the indirect method prescribed under Accounting Standard - 3 of the
Companies (Accounting Standards) Rules, 2006 (as amended). whereby profit / (loss) before extraordinary items and tax is adjusted for the
effects of transactions of non-cash nature and any deferrals or accruals of past or future cash receipts or payments. The cash flows from
operating, investing and financing activities of the Company are segregated based on the available information.

q Borrowing costs

All borrowing costs are recognised in the Statement of Profit and Loss in the period they occur.
r Segment reporting

Company is in business of Manufacturing of Solar Modules and EPC of Solar Projects and accordingly company has considered it as single
segment activity. Considering the total turnover of the said solar business (Manufacturing of Solar Modules and EPC of Solar Projects),
revenue from EPC contract activity is lesser than 10% of total revenue and accordingly compny has considered this as Primary segment
activity and as there are no other reportable segments, segmental reporting as per Accounting Standard 17 is not Applicable.

s Related party transactions

Disclosure of transactions with related parties, as required by Accounting Standard 18 of the Companies (Accounting Standards) Rules, 2006
(as amended). "Related Party Disclosures" has been set out in a separate statement annexed to this note. Related parties as defined under
the said Accounting Standard (as amended) have been identified on the basis of representations made by management and information
available with the Company.

t Earning per share

The Company reports basic and diluted earnings per share (EPS) in accordance with the Accounting Standard 20 as specified in the
Companies (Accounting Standards) Rules, 2006 (as amended). The Basic EPS has been computed by dividing the income available to equity
shareholders by the weighted average number of equity shares outstanding during the accounting year. The Diluted EPS has been
computed using the weighted average number of equity shares and dilutive potential equity shares outstanding at the end of the year.

As per our report of even date

For K. C. PARIKH & ASSOCIATES For and on behalf of the Board of

Chartered Accountants GANESH GREEN BHARAT LIMITED

Firm''s Registration No. 107550W (Formerly Known as GANESH ELECTRICALS PRIVATE LIMITED)

Ketanbhai N. Patel Rajendrakumar N. Patel

CA. Chintan M. Doshi Managing Director Director

Partner DIN-07499411 DIN-07498445

Membership No. 118298
UDIN: 25118298BMHVBX2812

^Place : ^Ahmedabad Palakben Mahesh Joshi Krunalkumar Dayaljibhai Shah

^{Date : 29/}0^5/202⁵ Company Secretary Chief Financial Officer

3.5 Terms/rights attached to equity shares

The company has only one class of equity shares having par value of Rs. 10 per share. Each holder of equity shares is entitled to
vote per share. 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 of their shareholding.

3.6 The Company has issued 65,91,000 Equity Shares of face value of 10 each at premium of Rs. 180 per share by way of Initial
Public Offer("IPO) on 10th July 2024, and the Company were listed on NSE Emerge Platform (National Stock Exchange of India
Limited) on 12th July,2024.

3.7 Company in its meeting of shareholders through Extra Ordinary General Meeting dated Sep 02, 2023 resolved in pursuance of
the provisions of Section 61 and 64 and other applicable provisions, if any, of the Companies Act, 2013 (including any
amendment thereto or re-enactment thereof) and the rules framed there under, the consent of the shareholders was accorded
to increase the Authorized Share Capital of the Company from existing R 1,20,00,000 (Rupees One Crore Twenty Lakhs) divided
into 12,00,000 (Twelve Lakh) Equity Shares of R 10/- each to R 25,00,00,000 (Rupees Twenty Five Crores) divided into
2,50,00,000 (Two Crore Fifty Lakhs) Equity Shares of R 10/- each by creation of additional 2,38,00,000 (Two Crore Thirty Eight
Lakh) Equity Shares of R 10/- each ranking pari passu in all respect with the existing Equity Shares of the Company.

39 Vehicles purchased in the name of directors but accounted in the books of company

ENDEAVOUR 2.0 L TITANIUM PLUS - 5.19 Lakhs (WDV as at 31.03.2025)
ENDEAVOUR TITANIUM PLUS - 2.99 Lakhs (WDV as at 31.03.2025)

FORTUNER CAR ( 28-6-19 ) - 2.72 Lakhs (WDV as at 31.03.2025)

40 Figures of previous year have been recasted/restated where necessary

41 Employee Benefit Plans
(A) Defined Benefit Plan

(i) Actuarial gains and losses in respect of defined benefit plans are recognised in the profit and loss account.

(ii) The defined benefit plan comprises of gratuity

a) Gratuity is a benefit to an employee based on 15 days last drawn basic salary including dearness allowance (if any) for each completed year of
continuous service with part thereof in excess of six months. The plan is unfunded. The company operates a defined benefit plan (the gratuity
plan) covering eligible employees, which provides a lump sum payment to vested employees at retirement, death, incapacitation or termination of
employment, of an amount based on the respective employee''s salary and the tenure of employment.

Notes

1 (a) The discount rate is based on the benchmark yields available on government bonds as at the balance sheet date.

(b) The Management''s estimate of the increases in the salaries of the employees over the long term. Estimated future salary increases should
take account of inflation, seniority, promotion and other relevant factors such as supply and demand in employment market.

See accompanying explanatory notes forming part of the financial statements

In terms of our report attached For and on behalf of the Board of Directors

For K. C. Parikh & Associates Ganesh Green Bharat imited

Chartered Accountants L31900GJ2019PLC108417

Firm Regn. No. 107550W

Ketanbhai N. Patel Rajendrakumar N. Patel

Managing Director Director

CA. Chintan M. Doshi DIN-07499411 DIN-07498445

Partner

Membership No. 118298

Place : Ahmedabad Palakben Mahesh Joshi Krunalkumar Dayaljibhai Shah

Date : 29/05/2025 Company Secretary Chief Financial Officer

UDIN: 25118298BMHVBX2812