Notes to Accounts of Jay Bee Laminations Ltd.

Mar 31, 2025

(xi) Provision, Contingent Liabilities And Contingent Assets

Provisions involving substantial degree of estimation in measurement 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 not recognised but are disclosed in the notes.
Contingent liability is disclosed in case of:

. . a present obligation arising from past events, when it is not probable that an outflow of resources will be required to settle the
'' '' obligation,

(b) a present obligation arising from past events, when no reliable estimate is possible,

. . a possible obligation arising from past events where the probability of outflow of resources is not remote. Contingent Assets are neither
'' '' recognised nor disclosed in the Standalone financial statements.

Foot Note:

(a) The Company''s pending litigations comprise of claims against the Company and proceedings pending with Tax Authorities. The Company
has reviewed all its pending litigations and proceedings and has made adequate provisions, wherever required and disclosed the contingent
liabilities, wherever applicable, in its financial statements. The Company does not expect the outcome of these proceedings to have a
material impact on its financial position.

(b) The Company periodically reviews all its long-term contracts to assess for any material foreseeable losses. Based on such review wherever
applicable, the Company has made adequate provisions for these long-term contracts in the books of account as required under any
applicable law/accounting standard.

(c) The Code on Social Security, 2020 (''Code'') relating to employee benefits during employment and post-employment benefits
received Presidential assent in September 2020. The Code has been published in the Gazette of India. However, the date on which the Code
will come in to effect has not been notified. The Company will assess the impact of the Code when it comes into effect and will record any
related impact in the period when the Code becomes effective.

(d) There were no amounts which were required to be transferred to the Investor Education and Protection Fund by the Company.

(e) Appeal made to Revenue Authority

Note: The Information as required to be disclosed under the Micro, Small and Medium Enterprises Development Act, 2006 ("the Act") has
been determined to the extent such parties have been identified by the company, on the basis of information and records available with
them. The information has been relied upon by the auditors.

(iv) Based on the principles for determination of segments given in Accounting Standard 17 "Segment Reporting" issued by accounting
standard notified by Companies (Accounting Standard) Rules, 2008, the company is mainly engaged in the activity surrounded with main
business of the Company i.e. Manufacturing of CRGO Silicon Electrical steel stamping/ parts of transformers, falling in single business
segment. Also, the lower contribution of export vis-a-vis inland sales of the Company does not call for a reporting on geographical segments.
Accordingly, no segment reporting is considered necessary as per accounting standard-17 ''Segment Reporting'' as prescribed by the
Companies (Accounting Standards) Rules, 2006.

(vii) In the opinion of the management and with reliance on certification from the legal consultant, balances appearing in disputed
Trade Receivables for over 3 years are considered as Good in anticipation of favourable outcome leading to full realisation. These
cases are filed for the recovery in the court of Micro and Small Enterprises Facilitation Council (MSEFC), Zone Meerut which is
pending for final settlement. However, on a conservative basis, the management has made a provision for doubtful of Rs. 25 Lakhs
during the current year.

. .... Balances of certain contractors/customers/suppliers/receivable/payable and deposits with others are subject to confirmation/
¹ '' reconciliation and consequential adjustments, if any, which in the opinion of the management would not be material.

(x) Additional Regulatory Informations

(a) Pending registration / satisfaction of charges with ROC

The Company has availed Vehicle Loan from NBFC Toyota Financial Services amounting to Rs. 102.00 Lacs on which charge has not been
created beyond the stipulated time-period. In absence of the charge, the same has been disclosed as Unsecured in Note 3 of the
financial statement. Further, detail of charges not satisfied as on 31-03-2025 is as under:

(c) Wilful Defaulter

The company is not categorised as a wilful defaulter by any bank or Financial Institution or any other lender in accordance with the
guideline on wilful defaulters issued by Reserve Bank of India.

(d) Details of Benami Property held

There are no proceedings which have been initiated or pending against the Company for holding any benami property under
the Benami Transactions (Prohibition) Act, 1988 and rules made thereunder.

(e) Relationship with Struck off Companies

During the year, the Company does not have any transactions with the companies struck off under section 248 of Companies Act 2013
or section 560 of Companies Act, 1956.

(g) Compliance with number of layers of Companies

There is no such layer of investment by company as per section 2(87) (d) and section 186 of Companies Act, 2013.

(h) Utilization of Borrowed funds and Share premium

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

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 Company 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) provided any guarantee, security or the like to or on behalf of the Ultimate Beneficiaries.

(i) The title deeds of all the immovable properties, (other than immovable properties where the Company is the lessee and the lease
agreements are duly executed in favour of the Company) disclosed in the financial statements included in property, plant and
equipment and capital work-in progress are held in the name of the Company as at the balance sheet date.

(j) Undisclosed Income

The Company does not have any transactions 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). Also, there are nil previously unrecorded income and related assets.

(k) Details of Crypto Currency or Virtual Currency

The Company has not traded or invested in Crypto currency or virtual currency during the financial year.

(xi) The company has used an accounting software including software operated by third party, for maintaining its books of account which has
a feature of recording audit trail (edit log) facility and the same has operated throughout the year for all relevant transactions recorded in
the respective software. Such audit trails are preserved as per the statutory requirement for record retention.

(xii) Previous year''s figures have been regrouped wherever necessary to confirm current Year''s Classification.

As per our report of even date attached

For Oswal Sunil 8i Company For and on behalf of the Board of Directors

Chartered Accountants JAY BEE LAMINATIONS LIMITED

Firm Reg. No.: 016520N

CA NISHANT BHANSALI MUNISH KUMAR AGGARWAL MUDIT AGGARWAL

Partner Director Director

Membership No: 532900 DIN:-00466023 DIN:-01324169

SUBHASH RAGHAV ARTI CHAUHAN

Dated : April 29, 2025 Chief Financial Officer Company Secretary

---

Mar 31, 2024

C £iL	Additional Note to Accounts Contingent Liability & Commitments
	. ,	As At	As at
		31st Mar 2024	31st Mar 2023
I	Contingent Liability
(A)	Claim Against the company not acknowledged as debts	56.80	N.A
(B)	Guarantees	N.A	N.A
(C)	Other money for which company is contingently liable	N.A	N.A
II	Commitments
	Estimated amount of contracts remaining to be executed on capital account and not
	provided for	777.66	N.A
	Custom duty against import under EPCG Scheme	N.A	N.A

Foot Note:

(a) The Company’s pending litigations comprise of claims against the Company and proceedings pending with Tax Authorities. The Company has reviewed all its pending litigations and proceedings and has made adequate provisions, wherever required and disclosed the contingent liabilities, wherever applicable, in its financial statements. The Company does not expect the outcome of these proceedings to have a material impact on its financial position.

(b) The Company periodically reviews all its long term contracts to assess for any material foreseeable losses. Based on such review wherever applicable, the Company has made adequate provisions for these long term contracts in the books of account as required under any applicable law/accounting standard.

(c) The Code on Social Security, 2020 (‘Code’) relating to employee benefits during employment and post-employment benefits received Presidential assent in September 2020. The Code has been published in the Gazette of India. However, the date on which the Code will come in to effect has not been notified. The Company will assess the impact of the Code when it comes into effect and will record any related impact in the period when the Code becomes effective.

(d) There were no amounts which were required to be transferred to the Investor Education and Protection Fund by the Company.

(vi) In the opinion of the management, balances appearing in disputed Trade Receivables considered as good for over 3 years are fully realizable and require no provisioning. The Company has already filed for the recovery of such claims in the court of Micro and Small Enterprises Facilitation Council (MSEFC), Zone Meerut which is pending for final settlement.

Balances of certain contractors/customers/suppliers/receivable/payable and deposits with others are subject to confirmation/ reconciliation and consequential adjustments, if any, which in the opinion of the management would not be material.

(vii) The Company''s operations fall within a single primary business segment i.e. Manufacturing of CRGO Silicon Electrical steel stamping/parts of transformers. Therefore, there are no reportable segments as required under Accounting Standards (AS-17) Segment Reporting.

(ix) Additional Regulatory Informations:

(a) Pending registration / satisfaction of charges with ROC

The Company has availed Vehicle Loan from NBFC Toyota Financial Services amounting to Rs. 102.00 Lacs on which charge has not been created beyond the stipulated time-period. In absence of the charge, the same has been disclosed as Unsecured in Note 3 of the financial statement. Further, detail of charges not satisfied as on 31-03-2024 is as under:

(c) Wilful Defaulter

The company is not categorised as a wilful defaulter by any bank or Financial Institution or any other lender in accordance with the guideline on wilful defaulters issued by Reserve Bank of India.

(d) Details of Benami Property held

There are no proceedings which have been initiated or pending against the Company for holding any benami property under the Benami Transactions (Prohibition) Act, 1988 and rules made thereunder.

(e) Relationship with Struck off Companies

During the year, the Company does not have any transactions with the companies struck off under section 248 of Companies Act 2013 or section 560 of Companies Act, 1956.

(f) Compliance with number of layers of Companies

There is no such layer of investment by company as per section 2(87) (d) and section 186 of Companies Act, 2013.

(g) Utilization of Borrowed funds and Share premium

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

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 Company 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) provided any guarantee, security or the like to or on behalf of the Ultimate Beneficiaries.

(h) The title deeds of all the immovable properties, (other than immovable properties where the Company is the lessee and the lease agreements are duly executed in favour of the Company) disclosed in the financial statements included in property, plant and equipment and capital work-in progress are held in the name of the Company as at the balance sheet date, if any.

(i) Undisclosed Income

The Company does not have any transactions 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). Also, there are nil previously unrecorded income and related assets.

(j) Details of Crypto Currency or Virtual Currency

The Company has not traded or invested in Crypto currency or virtual currency during the financial year.

(x) Previous year''s figures have been regrouped wherever necessary to confirm current Year''s Classification.