Notes to Accounts of MediCaps Ltd.

Mar 31, 2025

15. Provisions:

A provision is recognized when the Company has a present obligation (legal or constructive) as a result of past event, it is
probable that an outflow of resources embodying economic benefits will be required to settle the obligation and a reliable
estimate can be made of the amount of the obligation. These estimates are reviewed at each reporting date and adjusted to reflect
the current best estimates.

16. Deferred Tax:

Deferred tax assets and liabilities are recognized for the future tax consequences of temporary differences between the carrying
values of assets and liabilities and their respective tax bases, and unutilized business loss and depreciation carry-forwards and tax
credits. Deferred tax assets are recognized to the extent that it is probable that future taxable income will be available against
which the deductible temporary differences, unused tax losses, depreciation carry-forwards and unused tax credits could be
utilized.

Deferred tax assets and liabilities are measured based on the tax rates that are expected to apply in the period when the asset is
realized or the liability is settled, based on tax rates and tax laws that have been enacted or substantively enacted by the balance
sheet date.

17. Borrowings:

Borrowings are initially recognised at fair value, net of transaction costs incurred. Any difference between the proceeds (net of
transaction costs) and the redemption amount is recognised in statement of profit or loss over the period of the borrowings.
Borrowings are removed from the balance sheet when the obligation specified in the contract is discharged, cancelled or expired.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability
for at least 12 months after the reporting period. During the Year Company does not have any Borrowings.

18. Borrowings Cost:

Borrowing costs directly attributable to the acquisition, construction or production of an asset that necessarily takes a substantial
period of time to get ready for its intended use or sale are capitalized as part of the cost of the asset. All other borrowing costs are
expensed in the period in which they occur.

The Company ceases capitalising borrowing costs when substantially all the activities necessary to prepare the qualifying asset
for its intended use or sale are complete.

19. Trade payables:

These amounts represent liabilities for goods that have been acquired in the ordinary course of business from suppliers. Trade
payables are presented as current liabilities unless payment is not due within 12 months after the reporting period.

20. Current Tax:

Tax on income for the current period is determined on the basis of estimated taxable income and tax credits computed in
accordance with the provisions of the relevant tax laws and based on the expected outcome of assessments / appeals.

Where current tax arises from the initial accounting for a business combination, the tax effect is included in the accounting for
the business combination. Management periodically evaluates positions taken in the tax returns with respect to situations in
which applicable tax regulations are subject to interpretation and establishes provisions where appropriate.

21. Financial Instruments and Risk Review:

The Company’s principal Financial Assets include investments, trade receivables, cash and cash equivalents, other bank balances
and loan. The Company’s financial liabilities comprise of borrowings and trade payables.

22. Fair Value Hierarchy:

The Fair value hierarchy is based on inputs to valuation techniques that are used to measure fair value that are either observable
or unobservable and consists of the following three levels:

Level 1- Inputs are quoted prices (unadjusted) in active markets for identical assets or liabilities,

Level 2- Inputs are other than quoted prices included within Level-1 that are observable for the assets or liability, either directly
(i.e. as prices) or indirectly (i.e. derived from prices)

Level 3- Inputs are not based on observable market data (unobservable inputs). Fair values are determined in whole or in part
using a valuation model based on the assumptions that are neither supported by prices from observable current market
transactions in the instrument nor are they based on available market data. The following table summarises carrying amounts of
financial instruments by their categories and their values in fair value hierarchy for each year presented.

Explanation to the Note No. 12 Other Equity
Capital Reserve

The Capital Reserve has been created as per the requirement of earlier provisions of The Companies Act,1956. Such reserve
is not available for distribution to the shareholders.

General Reserve

The Company has transferred a portion of the net profit before declaring dividend to General Reserve pursuant to earlier
provision of The Companies Act, 1956. As transfer to the general reserve is not mandatorily required under The Companies
Act, 2013.

Notes:

1. The ratios are calculated on absolute figures.

2. The Company is now operating as real estate company and no purchases in this respect have been made during the year and
previous year.

3. The Ratios calculated in respect of Inventory and trade payables have been updated to include COGS and purchases during
the year respectively.

Note 30: Other Statutory Information-

1. The Company has not borrowed any funds from banks and financial institutions for any specific purpose.

2. All the immovable properties title deeds are held in the name of the company and Company is the sole owner of these
immovable properties.

3. The Company does not have any Benami property, and no proceeding has been initiated or is pending against the Company
for holding any Benami property.

4. The Company has not been declared willful defaulter by any bank or financial institution or government or any government
authority.

5. The Company does not have any transactions with companies struck off.

6. The Company have charges which are yet to be satisfied with ROC beyond the statutory period, the detail of which are:

7. The Company has not traded or invested in Crypto currency or Virtual Currency during the financial year.

8. The Company does not have any such transaction which is 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).

9. The Company has not issued any security for a specific purpose.

10. The Company has not proposed or declared dividend during the year.

11. The Company has initiated the legal proceedings under section 138 of negotiable instruments act and u/s 420 of the Indian
penal code, against Jay formulation Limited before First Class Civil Judge, District Court, Indore. The same has been initiated
for recovery of outstanding dues.

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Mar 31, 2024

15. Provisions:

A provision is recognized when the Company has a present obligation (legal or constructive) as a result of past event, it is probable that an outflow of resources embodying economic benefits will be required to settle the obligation and a reliable estimate can be made of the amount of the obligation. These estimates are reviewed at each reporting date and adjusted to reflect the current best estimates.

16. Deferred Tax:

Deferred tax assets and liabilities are recognized for the future tax consequences of temporary differences between the carrying values of assets and liabilities and their respective tax bases, and unutilized business loss and depreciation carry-forwards and tax credits. Deferred tax assets are recognized to the extent that it is probable that future taxable income will be available against which the deductible temporary differences, unused tax losses, depreciation carry-forwards and unused tax credits could be utilized.

Deferred tax assets and liabilities are measured based on the tax rates that are expected to apply in the period when the asset is realized or the liability is settled, based on tax rates and tax laws that have been enacted or substantively enacted by the balance sheet date.

17. Borrowings:

Borrowings are initially recognised at fair value, net of transaction costs incurred. Any difference between the proceeds (net of transaction costs) and the redemption amount is recognised in statement of profit or loss over the period of the borrowings.

Borrowings are removed from the balance sheet when the obligation specified in the contract is discharged, cancelled or expired. Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least 12 months after the reporting period. During the Year Company does not have any Borrowings.

18. Borrowings Cost:

Borrowing costs directly attributable to the acquisition, construction or production of an asset that necessarily takes a substantial period of time to get ready for its intended use or sale are capitalized as part of the cost of the asset. All other borrowing costs are expensed in the period in which they occur.

The Company ceases capitalising borrowing costs when substantially all the activities necessary to prepare the qualifying asset for its intended use or sale are complete.

19. Trade payables:

These amounts represent liabilities for goods that have been acquired in the ordinary course of business from suppliers. Trade payables are presented as current liabilities unless payment is not due within 12 months after the reporting period.

20. Current Tax:

Tax on income for the current period is determined on the basis of estimated taxable income and tax credits computed in accordance with the provisions of the relevant tax laws and based on the expected outcome of assessments / appeals.

Where current tax arises from the initial accounting for a business combination, the tax effect is included in the accounting for the business combination. Management periodically evaluates positions taken in the tax returns with respect to situations in which applicable tax regulations are subject to interpretation and establishes provisions where appropriate.

21. Employee Benefits:

Gratuity:

The Employee’s Gratuity Fund Scheme, which is defined benefit plan, is managed by Trust maintained with Life Insurance Corporation of India (LIC). The liability with respect to Gratuity is made as per the method stipulated in the payment of gratuity Act, 1972.

22. Financial Instruments and Risk Review:

The Company’s principal Financial Assets include investments, trade receivables, cash and cash equivalents, other bank balanc es and loan. The Company’s financial liabilities comprise of borrowings and trade payables.

23. Fair Value Hierarchy:

The Fair value hierarchy is based on inputs to valuation techniques that are used to measure fair value that are either observable or unobservable and consists of the following three levels:

Level 1- Inputs are quoted prices (unadjusted) in active markets for identical assets or liabilities,

Level 2- Inputs are other than quoted prices included within Level-1 that are observable for the assets or liability, either directly (i.e. as prices) or indirectly (i.e. derived from prices)

Level 3- Inputs are not based on observable market data (unobservable inputs). Fair values are determined in whole or in part using a valuation model based on the assumptions that are neither supported by prices from observable current market transactions in the instrument nor are they based on available market data. The following table summarises carrying amounts of financial instruments by their categories and their values in fair value hierarchy for each year presented.

Note 25 Segment Information

The Company has only one reportable segment i.e., Real Estate division as the Company has discontinued its Pharma division w.e.f. 21/11/2019. Note 26 Deferred Tax

Information on deferred tax has been provided in accordance with Ind AS-12 Accounting for taxation on income, issued by the Institute of Chartered Accountants of India.

The deferred tax assets for the year are Rs.1.09 Lakhs has been recognised in the profit & Loss Account.

Note 34: Other Statutory Information-

1. The Company has not borrowed any funds from banks and financial institutions for any specific purpose.

2. All the immovable properties title deeds are held in the name of the company and Company is the sole owner of these immovable properties.

3. The Company does not have any Benami property, and no proceeding has been initiated or is pending against the Company for holding any Benami property.

4. The Company has not been declared wilful defaulter by any bank or financial institution or government or any government authority.

5. The Company does not have any transactions with companies struck off.

6. The Company have charges which are yet to be registered with ROC beyond the statutory period the detail of which are:

7. The Company has not traded or invested in Crypto currency or Virtual Currency during the financial year.

8. The Company does not have any such transaction which is 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).

9. The Company has not issued any security for a specific purpose.

10. The Company has not proposed or declare dividend during the year.

11. The Company has initiated the legal proceedings under section 138 of negotiable instruments act and u/s 420 of the Indian penal code, against Jay formulation Limited before First Class Civil Judge, District Court, Indore. The same has been initiated for recovery of sale proceedings.

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Mar 31, 2023

15. Provisions:

A provision is recognized when the Company has a present obligation (legal or constructive) as a result of past event, it is probable that an outflow of resources embodying economic benefits will be required to settMightiorn and a reliable estimate can be made of the amount of the obligation. These estimates are reviewed at each reporting date and adjusted to reflect the current best estimates.

16. Deferred Tax:

Deferred tax assets and liabilities are recognizedthor future tax consequences of temporary differences between the carrying values of assets and liabilitiesand their respective tax bases, and unutilized business loss and depreciation carry forwards and tax credits. Deferred tax assets are recogniZIed extent that it is probable that future taxable income will be availableagainst which the deductible temporary differences, unused tax losses, depreciationfcarwards and unused tax credits could be utilized.

Deferred tax assets and liabilities aieasmred based on the tax rates that are expected to apply in the period when the asset is realized or the liability issettled, based on tax rates and tax laws that have been enacted or substantively enacted by th balance sheet date.

17. Borrowings:

Borrowngs are initially recognised at fair value, net of transaction costs incurred. Any difference between the proceeds (net oftransaction costs) and the redemption amount is recognised in statement of profit or lossover the period of the borrowings. Borrowings are removed from the balance sheet when the obligation specified in the contTacharged, cancelled or expired.Borrowings are classified asurrent liabilities unless the company has an unconditional tcighfer settlement of the liability for atast E months after the reporting period.

18. Borrowings Cost:

Borrowing costs directly attributable to the acquisition, construction or production of an asset that necessarily takes a substantial period of time to get ready for its intended use oar esaclaepitalized as part of the cost of the asset. All other borrowing costs are expensed in theperiod in which thayrnc

The Company ceases capitalising borrowing costs when substantially all the activities necessary to prepare the qualifying asset fonts intended use or sale are complete.

19. Trade payables:

These amounts represent liabilities for goods that have been acquired inr (tinary course of business from suppliers.

Trade payables are presented as currteaitilities unless payment is not due within E months after the reporting period.

20. Current Tax:

Tax on income for the current period is determined on the basis of estimated taxable income and tax credits computed in accordance with the provisions of thdevant tax laws and based on the expected outcome of assessments / appeals.

Where current tax arises from the initial accounting for a business combination, the tax effect is included in the accounting for the business combination. Management periodiycaivaluates positions taken in the tax returns with respect to situations in which applicable tax regulations are subject to interpretation and establishes provisions where appropriate.

21. Employee Benefits:

Gratuity:

The Employee’s Gratuity Fund Scheme, which is defined benefit plan, is managed by Trust maintained with Life Insurance Corporation of India (LICThe liabilit ywith respect to Gratuity made as per the method stipulated in the payment of gratuity Act, B72

22. Financial Instruments and Risk Review:

The Company’s principal Financial Assets include investments, trade receivables, cash and cash equivalents, other bank balances and loan. The Company’s financial liabilities comprise of borrowings and trade payables.

23. Fair Value Hierarchy:

The Fair value hierarchy is based on inputs to valuation techniques that are used to measure fair value that are either observable or unobservable and consists of the following three levels:

Level 1- Inputs are quoted prices (unadjusted) in active mar ket identical assets or liabilit ies,

Level 2- Inputs are other than quoted prices included within LitMt are observable for the assets or liability, either directly (i.e. as prices) or indirectly (i.e. derived from pr ices)

Level 3- Inputs are ncbased on observable market data (unobservable inputs). F air values are determined in whole or in part using a valuation model based on the assumptions that are neither supported by prices from observable current market transactions in the instrument nor tiiey based on available market data. The following table summarises carrying amounts of financial instruments by their categories and their values in fair value hierarchy for each year presented.

Note 36: Other Statutory Information-

1. The Company has not borrowed any funds from banks and financial institutions for any specific purpose.

2. All the immovable properties title deeds are held in the name of the company and Company is the sole owner of these immovable properties.

3. The Company does not have any Benami property, and no proceeding has been initiated or is pending against the Company for holding any Benami property.

4. The Company has not been declared wilful defaulter by any bank or financial institution or government or any government authority.

5. The Company does not have any transactions with companies struck off.

6. The Company has charges which are yet to be registered with ROC beyond the statutory period the details of which are:

7. The Company has not traded or invested in Crypto currency or Virtual Currency during the financial year.

8. The Company does not have any such transaction which is 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).

9. The Company has not issued any security for a specific purpose.

10. The Company has not proposed or declare dividend during the year

11. The Company has initiated the legal proceedings under section 138 of negotiable instruments act and u/s 420 of the Indian penal code, against Jay formulation Limited before First Class Civil Judge, District Court, Indore. The same has been initiated for recovery of sale proceedings.

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Mar 31, 2018

Note 1 Segment Information

The entire operation of the company related to one segment as such there is no separate reporting required. Company''s earnings include Rs. 22.91 Lacs from interest, Dividend and income from Investments However as per explanation given in Ind AS 108 revenue does not include Dividend Income, Interest & Income from Investment hence there is no seperate reporting required.

Note 2 Differed Tax

Information on deferred tax has been provided in accordance with Ind AS-12 Accounting for taxation on income, issued by the Institute of Chartered Accountants of India.The deferred tax assets for the year is Rs.2,01,763/- has been recognized in the profit & Loss Account.

Note 3 The company does not have outstanding for more than 30 days as on 31st March 2018 of S.S.I units the respective parties.

Note 4 The previous year’s figures have been regrouped/ restated wherever necessary to confirm with the current years classification.

5. FINANCIAL RISK MANAGEMENT OBJECTIVES AND POLICIES:

The Company’s principal financial liabilities comprise of trade payables. The Company has various financial assets such as trade receivables and cash and short-term deposits, which arise directly from its operations. The Company is exposed to market risk, credit risk and liquidity risk.

The Company’s senior management oversees the management of these risks. The Company’s senior management is supported by a Risk Management Committee that advises on financial risks and the appropriate financial risk governance framework for the Company. The Risk Management Committee provides assurance to the Company’s senior management that the Company’s financial risk activities are governed by appropriate policies and procedures and that financial risks are identified, measured and managed in accordance with the Company’s policies and risk objectives.

A. MARKET RISK

Market risk is the risk of any loss in future earnings, in realizable fair values or in future cash flows that may result from a change in the price of a financial instrument. The value of a financial instrument may change as a result of changes in the interest rates, foreign currency exchange rates, liquidity and other market changes. Future specific market movements cannot be normally predicted with reasonable accuracy.

B. CREDIT RISK

Credit risk is the risk of financial loss arising from counterparty failure to repay or service debt according to the contractual terms or obligations. Credit risk encompasses both the direct risk of default and the risk of deterioration of credit worthiness as well as concentration risks. Financial instruments that are subject to concentrations of credit risk, principally consist of trade receivables.

None of the financial instruments of the Company result in material concentrations of credit risks. The carrying amount of financial assets represents the maximum credit exposure. The maximum exposure to credit risk was 1415.11 lakhs as at 31 March 2018 and 1307.94 lakhs as at 31 March 2017, being the total of the carrying amount of balances with banks, short term deposits with banks, trade receivables and other financial assets.

Customer credit risk is managed by the Company subject to the Company’s established policy, procedures and control relating to customer credit risk management. Outstanding customer receivables are regularly monitored.

Credit risk from balances with banks and investment of surplus funds in mutual funds is managed by the Company’s finance department.

C. LIQUIDITY RISK

Liquidity risk refers to the risk that the Company cannot meet its financial obligations. The objective of liquidity risk management is to maintain sufficient liquidity and ensure that funds are available for use as per requirements. The Company invests its surplus funds in bank fixed deposit and liquid and liquid plus schemes of mutual funds, which carry no/low mark to market risks.

6. FIRST-TIME ADOPTION OF IND AS:

These are the Company’s first financial statements prepared in accordance with Ind AS.

The Company has adopted Indian Accounting Standards (Ind AS) notified by the Ministry of Corporate Affairs with effect from 1st April, 2017, with a transition date of 1st April, 2016. Ind AS 101-First-time Adoption of Indian Accounting Standards requires that all Ind AS standards and interpretations that are issued and effective for the first Ind AS financial statements which is for the year ended 31st March, 2018 for the company, be applied retrospectively and consistently for all financial years presented. Consequently, in preparing these Ind AS financial statements, the Company has availed certain exemptions and complied with the mandatory exceptions provided in Ind AS 101, as explained below. The resulting difference in the carrying values of the assets and liabilities as at the transition date between the Ind AS and Previous Accounting Slandered (AS) have been recognized directly in equity (retained earnings or another appropriate category of equity). Set out below are the Ind AS 101 optional exemptions availed as applicable and mandatory exceptions applied in the transition from previous AS to Ind AS.

A. Optional Exemptions availed (a) Deemed Cost

The Company has opted paragraph D7 AA and accordingly considered the carrying value of property, plant and equipment’s and Intangible assets as deemed cost as at the transition date.

B. Applicable Mandatory Exceptions (a) Estimates

An entity’s estimates in accordance with Ind AS at the date of transition to Ind AS shall be consistent with estimates made for the same date in accordance with previous AS (after adjustments to reflect any difference in accounting policies).

C. Transition to Ind AS - Reconciliations

The following reconciliations provide a quantification of the effect of significant differences arising from the transition from previous AS to Ind AS as required under Ind AS 101:

I. Reconciliation of Balance sheet as at April 1, 2016 (Transition Date)

Reconciliation of Balance sheet as at March 31, 2017

II. Reconciliation of Total Comprehensive Income for the year ended March 31, 2017

III. Reconciliation of Equity as at April 1, 2016 and as at March 31, 2017

The presentation requirements under Previous AS differs from Ind AS, and hence, Previ ous AS information has been regrouped for ease of reconciliation with Ind AS. The Regrouped Previous AS information is derived from the Financial Statements of the Company prepared in accordance with Previous AS.

I. Reconciliation of Balance sheet as at April 1, 2016 (Transition Date)

Note: The previous AS figures have been reclassified to conform to Ind AS presentation requirements for the purposes of this note.

A. Excise Duty:

Under the previous AS, revenue from sale to goods was presented exclusive of excise duty. Under Ind AS revenue from sales of goods is presented inclusive of excise duty. Excise duty paid is presented on face of statement of profit and loss account as a part of expense. This change has resulted in increase in total revenue and total expense for the year ended March 31, 2017. There is no impact on total equity and profit.

III. Reconciliation of Equity as at April 1, 2016 and as at March 31, 2017

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Mar 31, 2016

Note 1. Segment Information

Information on segment reporting as per Accounting standard-17, the entire operation of the company related to one segment as such there is no separate reporting required. Company''s earning include Rs. 16.60 Lacs from interest Dividend and income from Investments, However as per explanation given in AS-17 Segment revenue does not include Dividend income, Interest & Income from Investment hence there is no separate reporting required.

Note 2. Differed Tax

Information on deferred tax has been provided in accordance with AS-22 Accounting for taxation on income, issued by the Institute of Chartered Accountants of India with effect from 1st April 2001. The deferred tax assets for the year is Rs.2,42,288/- has been recognized in the profit & Loss Account.

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Mar 31, 2015

Note 1 Segment Information

Information on segment reporting as per Accounting standard-17, the entire operation of the company related to one segment as such there is no separate reporting required. Company's earning include Rs. 67.51 Lacs from interest Dividend and income from Investments, However as per explanation given in AS-17 Segment revenue does not include Dividend income, Interest & Income from Investment hence there is no separate reporting required.

Note 2 Deferred Tax

Information on deferred tax has been provided in accordance with AS-22 Accounting for taxation on income, issued by the Institute of Chartered Accountants of India with effect from 1st April 2001. The deferred tax assets for the year is Rs.4,78,894/- has been recognised in the profit & Loss Account.

Note 3 The company does not have outstanding for more than 30 days as on 31st March 2015 of S.S.I units the respective parties.

Note 4 The previous years figures have been regrouped/ restated wherever necessary to confirm with the current years classification.

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Mar 31, 2014

1. FIXED ASSETS - Tangible Assets up to 31.03.2014

Note:

1. Factory Building includes staff quarters for which separates cost is not ascertainable.

2. During the year depreciation on computer not charged, Since Computer was fully depreciated last year after charging depreciation but nominal value of Rs. 1/- kept in books because Computers are exist in physical form at the year end.

3. As Plant & Machinery fully depreciated during the year after charging current year depreciation but nominal value of Rs. 1/- kept in books because Plant & Machinery are exist in physical form at the year end.

2. Segment Information

Information on segment reporting as per Accounting standard-17, the entire operation of the company related to one segment as such there is no separate reporting required. Company''s earning include Rs.(176.34) Lacs from interest, Dividend and income from Investments, However as per explanation given in AS-17 Segment revenue does not include Dividend income, lnterest & lncome from Investment hence there is no separate reporting required.

3. Deffered Tax

Information on deferred tax has been provided in accordance with AS-22 Accounting for taxation on Income, issued by the Institute of Chartered Accountants of India with effect from 1st April 2001.

The accumulated net deferred tax liability amounting to Rs. 12866070/- has been adjusted against the general reserve. Further, the deferred tax assets for the year is Rs. 866939/- has been recognised in the Statement of Profit & Loss.

4. Additional Information

* Rounded off to nearest Lacs and after deduction quantities removed as such.

5. Employee Benefits

a. Contribution to provident fund and other funds stated under defined contribution plans is Rs. 33.19 Lacs (previous year Rs. 31.41 Lacs).

b. Company has contribute Rs. 2.27 Lacs to Leave Encashment Scheme of LIC during the year.

Note 7: The company does not have outstanding for more than 30 days as on 31st March 2014 of S.S.I. Units the respective parties.

6. Related Party Disclosure

Information on Related party transactions as per Accounting Standard 18 on related party disclosure.

7. Earning Per Share

Earning per share, the numerator and denominator used to calculate Basic and Diluted Earning per shares.

8. The previous years figures have been regrouped/ restated wherever necessary to confirm with the current years classification.

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Mar 31, 2013

Note 1 Segment Information

Information on segment reporting as per Accounting standard-17, the entire operation of the company related to one segment as such there is no separate reporting required. Company''s earning include Rs.(158.60) Lacs from interest, Dividend and income from Investments, However as per explanation given in AS-17 Segemnt revenue does not include Dividend income,lnterest & Income from Investment hence there is no seprate reporting required.

Note 2 DefferedTax

Information on deferred tax has been provided in acordance with AS-22 Accounting for taxation on Income, issued by the Institute of Chartered Accountants of India with effectfrom 1 st April 2001.

The accumulated net deferred tax liability amounting to Rs.12866070/- has been adjusted against the general reserve.Further.the deferred tax assets forthe year is Rs.482180/- has been recognised in the Statement of Profit & Loss.

Note 3 The company does not have outstanding for more than 30 days as on 31 st March 2013 of S.S.I Units the respecti ves parties.

Note 4 The previous years figures have been regrouped/ restated wherever necessary to confirm with the current years classifiaction.

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Mar 31, 2012

Note 1 Segment Information

Information on segment reporting as per Accounting standard-17, the entire operation ofthe company related to one segment as such there is no separate reporting required. Company' searning include Rs.Lacs from interest, Dividend from Interest, Dividend and Investments, However as per explanation given in AS-17,Segemnt revenue does not include Dividend income,Interest & Income from Investment, hence there is no seprate reporting required.

Note 2 DefferedTax

Information on deferred tax has been provided in acoi'dance with AS-22 Accounting for taxation on Income, issued by the Institute of Chartered Accountants of India with effectfrom 1st April 2001.

The accumulated net deferred tax liability amounting to Rs.12866070/- has been adjusted against the general reserve. Further,the deferred tax assets for the year is Rs.1466591 /- has been recognised in the Profit & Loss Account.

Note 3 The company does not have outstanding for more than 30 days as on 31 st March 2012 of S.S.I Units the respectives parties.

Note 4 The previous years figures have been regrouped/ restated wherever necessary to confirm with the current years classifiaction.

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Mar 31, 2010

1 Depreciation has been charged on Straight Line Method at the SLM rates specified in schedule XIV to the Companies Act, 1956 on prorata basis. Based on the technical opinion obtained by the Company, the Company has provided depreciation on Plant & Machinery at the rates specified for continuous process plant.

2 Deprecation Charged for the year in Profit & Loss Account is after deducting amount of Rs. 5,16,256/- (previous year Rs. 5,16,256), representing the extra depreciation arising on revaluation of fixed assets, which has been withdrawn from Revaluation reserve.

3 In consonance with Accounting Standard on Inventory valuation and note on Accounting Treatment for Excise duty issued by the Institute of Chartered Accountants of India, the excise duty on finished goods not cleared have been considered for valuation. However, such change has no impact on profit for the year.

4 Company has identified old finished goods stock& the same has been valued at reasonable value.

5 Information on segment reporting as per Accounting standard-17, the entire operation of the company related to one segment as such there is no separate reporting required. Companys earning include Rs.174.76 lacs of income from Interest, Dividend and Investments, However as per explanation given in AS-17, Segment revenue does not include Dividend income. Interest & Income from Investment, hence there is no separate reporting required.

6 Information on deferred tax has been provided in accordance with Accounting Standard 22 - Accounting for taxation on Income, issued by the Institute of Chartered Accountants of India with effect from 1st April 2001 .The accumulated net deferred tax liability amounting to Rs.1,28,66,070/- has been adjusted against the general reserve. Further, the deferred tax assets for the year is Rs.13,70,111/-has been recognised in the Profit & Loss Account.

7 The company has entered into A Joint venture arrangement with M/s Mission Pharmaceuticals for setting up a plant at SEZ, Pithampur(DisttDHAR) for manufacturing of softgel Capsules with the total proposed investment of . Rs.30.00 crores and out of which Company have already contributed Rs 697.00 lacs upto current financial year.

8 Other liabilities includes:

a) Rs. 763038/ (US$15477) which is received from Star Overseas, Russia as security deposit for special size capsule (size" 1" elongated) development and to be adjusted against supply.

b) Advance received for export supply from S. B. Company, Dubai Rs.2539.30/- (U.S.$ 54.88)

2009-2010 2008-2009

9 Contingent Liabilities:- NIL NIL

10 As per the industrial policy of the Government of India, the activity of the Company does not require licensing.

11 Previous Year figures have been regrouped and rearranged wherever necessary.

12 Schedules 1 to 17 form an integral part of the accounts.