Notes to Accounts of Ken Enterprises Ltd.

Mar 31, 2025

O. Provisions, Contingent Liabilities and Contingent Assets

Provision is recognised in the accounts when there is a present obligation as a result of past event(s) and it is probable that
an outflow of resources will be required to settle the obligation and a reliable estimate can be made. Provisions are not
discounted to their present value and are determined based on the best estimate required to settle the obligation at the
reporting date. These estimates are reviewed at each reporting date and adjusted to reflect the current best estimates.

Contingent liabilities are disclosed unless the possibility of outflow of resources is remote.

Contingent assets are neither recognised nor disclosed in the financial statements.

P. Cash and Cash Equivalents

In the cash flow statement, cash and cash equivalents include cash in hand, demand deposits with banks and other
short-term highly liquid investments with original maturities of three months or less.

Q. Classification of current / non-current liabilities and assets

Liability

A liability has been classified as ‘current’ when it satisfies any of following criteria:

? It is expected to be settled in the company’s normal operating cycle;

? It is held primarily for the purpose of being traded;

? It is due to be settled within twelve months after reporting date; or

The company does not have an unconditional right to defer settlement of the liability for at least twelve months after the
reporting date. Terms of a liability that could, at the option of the counterparty, result in its settlement by issue of equity
instrument do not affect its classification.

All other liabilities are classified as non-current.

Assets

An asset has been classified as ‘current’ when it satisfies any of following criteria:

? It is expected to be realised in, or is intended for sale or consumption in the company’s normal operating cycle;

? It is held primarily for the purpose of being traded;

? It is expected to be realised within twelve months after reporting date; or

? It is cash or cash equivalent unless it is restricted from being exchanged or used to settle a liability for at least twelve
months after the reporting date.

All other assets are classified as non-current.”

The members of the Company, at their Extra Ordinary General Meeting held on May 29^th, 2024, approved the issue and
allotment of bonus shares of 1,57,79,480 (One Crore Fifty Seven Lakhs Seventy Nine Thousand Four Hundred and Eighty
only) Equity Shares of t 10 each credited as fully paid up to the equity shareholders in the proportion of 61 (Sixty One)
equity shares for every 10 (Ten) fully paid up equity shares held by them on record date i.e. May 29^th, 2024.

1.2 Rights, Preferences and restrictions attached to Equity shares:

The Company has a single class of equity shares. Each shareholder is eligible for one vote per share held. The dividend
proposed by the Board of Directors is subject to the approval of the shareholders. 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 shareholding.

3.1 Details of Repayment Schedule as well as Security against borrowing from Canara Bank:

Working Capital Term Loan of I 5.08 Crores.

Repayable in 35 monthly installment of t 14,11,111 and Last Installment of t 14,11,115.

Working Capital Term Loan of I 4.31 Crores.

Repayable in 35 monthly installment of t 11,97,000 and Last Installment of t 12,05,000.

Mortgage of Properties:

1. Hypothecation of stocks and present and future Book Debts of the Company.

2. Hypothecation of existing Plant and Machinery and other Fixed Assets.

3. EMT of Office Property situated at CS No. 13122, Plot No. 3, Ward 18/20, Ichalkaranji Coop Industrial Estate,
Ichalkaranji 416115 admeasuring (land - 6000 sq. ft. / bldg. 6500 sq. fts.) standing in the name of Kuber Cotspin
Private Limited.

4. EMT of Property situated at (Factory Unit I) Plot No. 46-48 & 62-64, Sector F Parvati Co-op Industrial Estate Yadrav
416145 (land - 30000 sq. ft./ bldg. 26350 sq. fts.) standing in the name of Mrs. Bina Hariprasad Bagdia.

5. EMT of Property situated at (Factory Unit II) Plot No. 91, 111, 112, Sector C Parvati Co-op Industrial Estate Yadrav
416145 (land - 6000 sq. ft./ bldg. 6500 sq. fts.) standing in the name of Company.

6. EMT of Property situated at (Industrial N.A. Open land) Gat No. 130 & 131 Near Parvati Coop Industrial Estate,
Yadrav, Tal - Shirol (land - 103500 sq. ft.) standing in the name of Nikunj Hariprasad Bagdia.

7. EMT of Property situated at (Residence Property) CS No. 7421-B, Chandur Road, Near Panchwati Talkies, Ichalkaranji
- 416115 (land - 14800 sq. ft./ bldg. 6000 sq. fts.) Mrs. Bina Hariprasad Bagdia, Krishna Hariprasad Bagdia, Nikunj
Hariprasad Bagdia.

3 Long Term Borrowings (Contd.)

8. EMT of Property situated at Plot no 49 to 61 and Gat no 49 to 65, sector F, Parvati Co-op. Industrial estate, Yadrav,
Tal Shirol Dist Kolhapur and industrial building (only ground floor) in the name of Company.

Personal Guarantees:

1. Mr. Nikunj Hariprasad Bagdia, Director of the Company.

2. Mrs. Binadevi Hariprasad Bagdia, Director of the Company.

3. Mr. Krishnakumar Hariprasad Bagdia, Erstwhile Director of the Company.

4. Mr. Sachin Janardan Mulay

Corporate Guarantees:

1. M/s Kuber Cotspin Private Limited”

Rate of Interest:

The Rate of Interest is Repo Rate i.e. RLLR 0.60.”

3.2 Details of Repayment Schedule and Interest Rate if Unsecured borrowing from Banks and Financial Institutions:

From Banks
Yes Bank Limited

Repayable in 24 monthly installment of K 2,44,792 (including Interest) and the Rate of Interest is 15.99%.

Axis Bank Limited

Repayable in 36 monthly installment of K 2,06,526 (including Interest) and the Rate of Interest is 14.50%.

ICICI Bank Limited

Repayable in 36 monthly installment of K 1,71,517 (including Interest) and the Rate of Interest is 15.75%.

IDFC First Bank Limited

Repayable in 36 monthly installment of K 1,00,409 (including Interest) and the Rate of Interest is 16.00%.

Kotak Mahindra Bank Limited

Loan amount- 40Lakhs, Repayable in 36 monthly installment of K 1,38,662 (including Interest) and the Rate of Interest
is 14.97%.

Loan amount- 50Lakhs, Repayable in 36 monthly installment of K 1,73,327 (including Interest) and the Rate of Interest
is 14.86%.

From Financial Institutions
Aditya Birla Finance Limited

Repayable in 36 monthly installment of K 1,77,022 (including Interest) and the Rate of Interest is 16.50%.
Cholamandalam Investment & Finance Company Limited

Repayable in 36 monthly installment of K 71,805 (including Interest) and the Rate of Interest is 17.50%.

Fullerton India Credit Company Limited

Repayable in 37 monthly installment of K 1,79,697 (including Interest) and the Rate of Interest is 17.00%.

Hero Fincorp Limited

Repayable in 36 monthly installment of K 1,09,586 (including Interest) and the Rate of Interest is 18.00%.

Kisetsu Saison Finance India Private Limited

Repayable in 24 monthly installment of K 2,48,415 (including Interest) and the Rate of Interest is 17.50%.

Tata Capital Financial Services Limited

Repayable in 36 monthly installment of K 2,28,581 (including Interest) and the Rate of Interest is 16.00%.

Poonawalla Fincorp Limited

Repayable in 36 monthly installment of K 1,44,380 (including Interest) and the Rate of Interest is 17.00%.

7.1 Details of Security against borrowing from Canara Bank:

Mortgage of Properties:

1. Hypothecation of stocks and present & future Book Debts of the Company.

2. Hypothecation of existing Plant & Machinery and other Fixed Assets.

3. EMT of Office Property situated at CS No. 13122, Plot No. 3, Ward 18/20, Ichalkaranji Coop Industrial Estate,
Ichalkaranji 416115 admeasuring (land - 6000 sq. ft. / bldg. 6500 sq. fts.) standing in the name of Kuber Cotspin
Private Limited.

4. EMT of Property situated at (Industrial N.A. Open land) Gat No. 130 & 131 Near Parvati Coop Industrial Estate,
Yadrav, Tal - Shirol (land - 103500 sq. ft.) standing in the name of Nikunj Hariprasad Bagdia.

5. EMT of Property situated at (Residence Property) CS No. 7421-B, Chandur Road, Near Panchwati Talkies, Ichalkaranji
- 416115 (land - 14800 sq. ft./ bldg. 6000 sq. fts.) Mrs. Bina Hariprasad Bagdia, Krishna Hariprasad Bagdia, Nikunj
Hariprasad Bagdia.

6. EMT of Property situated at (Factory Unit II) Plot No. 91, 111, 112, Sector C Parvati Co-op Industrial Estate Yadrav
416145 (land - 6000 sq. ft./ bldg. 6500 sq. fts.) standing in the name of Company.

7. EMT of Property situated at (Factory Unit I) Plot No. 46-48 & 62-64, Sector F Parvati Co-op Industrial Estate Yadrav
416145 (land - 30000 sq. ft./ bldg. 26350 sq. fts.) standing in the name of Mrs. Bina Hariprasad Bagdia.

8. EMT of Property situated at Plot no 49 to 61 and Gat no 49 to 65, sector F, Parvati Co-op. Industrial estate, Yadrav,
Tal Shirol Dist Kolhapur and industrial building (only ground floor) in the name of Company.

Personal Guarantees:

1. Mr. Nikunj Hariprasad Bagdia, Director of the Company.

2. Mrs. Binadevi Hariprasad Bagdia, Director of the Company.

3. Mr. Krishnakumar Hariprasad Bagdia, Erstwhile Director of the Company.

4. Mr. Sachin Janardan Mulay

33 Disclosure of Transactions With Struck Off Companies

The Company did not have any material transactions with companies struck off under Section 248 of the Companies Act,
2013 or Section 560 of Companies Act, 1956 during the financial year.

34 No transactions to report against the following disclosure requirements as notified by MCA
pursuant to amended Schedule III:

i Crypto Currency or Virtual Currency

ii Benami Property held under Prohibition of Benami Property Transactions Act, 1988 and rules made thereunder

iii Relating to borrowed funds:

a) Wilful defaulter

b) Registeration of charges or satisfaction with Registrar of Companies

35 Particulars of Loans, Guarantees or Investments covered under Section 186(4) of the Companies
Act, 2013

There are no loans granted, guarantees given and investments made by the Company under Section 186 of the Companies
Act, 2013 read with rules framed thereunder.

36 Difference in quarterly statements submitted to banks and books of accounts (Contd.)

The variance arises due to routine entries posted during the book closure process, which typically completes after filing
statements with the banks. One reason for this discrepancy is that stock in transit is not considered in the statements
submitted to the bank, but it is accounted for in both purchases and stock in transit in the books of accounts. Therefore,
the timing and treatment of these entries create differences between the bank''s statement and the company''s internal
financial records.

37 In the opinion of the Board, the Current Assets, Loans and Advances are approximately of the value stated as realizable
in the ordinary course of business and the provision for all known liabilities are adequate.

38 During the financial year 2024-25, the Company has made an Initial Public Issue of 61,99,200 Equity shares of face value
L 10 each at a price of L 94 per Equity share aggregating to L 5,827.25 Lakhs and made allotment of fully paid-up Equity
Shares and an Offer For Sale of up to 27,00,000 Equity Shares of face value L 10 each at a price of L 94 per Equity share
aggregating to L 2,538.00 Lakhs by the Selling Shareholders of the Company.

39 With effect from April 1, 2023, the Ministry of Corporate Affairs (MCA) has made it mandatory for every company, which
uses accounting software for maintaining its books of account, to use only such accounting software which has a feature
of recording audit trail of each and every transaction, creating an edit log of each change made in books of account along
with the date when such changes were made and ensuring that the audit trail cannot be disabled.

The Company uses a accounting software Tally Edit Log software to maintain its books of accounts. Which record the
audit trail of each and every transaction created in books of account along with the date when such changes were made
further audit trail feature can not be disable in Tally Edit Log hence each and every transaction have audit trail.

With a view to address the above challenges while ensuring compliance with the MCA notification and mitigate the risks
involved therein, the Company has appropriately designed and implemented alternate mitigating controls over direct
change at database level.

40 Debit and Credit balances are subject to confirmation and reconciliation if any.

41 Previous year figures have been regrouped / reclassified, wherever necessary, to correspond with current year
classification.

As per our report of even date

For Mittal Agarwal & Company For and on behalf of the Board

Chartered Accountants
Registration No. 131025W

Piyush Agarwal Nikunj Bagdiya Bina Bagdiya

Partner Managing Director Director

M. No. 135505 DIN - 00415118 DIN - 00415083

Sachin Mulay Shailja Dubey

Place: Ichalkaranji "Whole-time Director and Company Secretary

Date: 30/05/2025 Chief Financial Officer"