Notes to Accounts of Novelix Pharmaceuticals Ltd.

Mar 31, 2025

i) Provisions

A provision is recognized in the statement of profit and loss if, as a result of a past
event, the Company has a present legal or constructive obligation that can be
estimated reliably, and it is probable that an outflow of economic benefits will be

required to settle the obligation. If the effect of the time value of money is material,
provisions are determined by discounting the expected future cash flows at a pre¬
tax rate that reflects current market assessments of the time value of money and
the risks specific to the liability. Where discounting is used, the increase in the
provision due to the passage of time is recognized as a finance cost.

Restructuring

A provision for restructuring is recognized in the statement of profit and loss
when the Company has approved a detailed and formal restructuring plan, and
the restructuring either has commenced or has been announced publicly. Future
operating costs are not provided.

Onerous contracts

A provision for onerous contracts is recognized in the statement of profit and loss
when the expected benefits to be derived by the Company from a contract are
lower than the unavoidable cost of meeting its obligations under the contract. The
provision is measured at the present value of the lower of the expected cost of
terminating the contract and the expected net cost of continuing with the contract.
Before a provision is established, the Company recognizes any impairment loss on
the assets associated with that contract.

Reimbursement rights

Expected reimbursements for expenditures required to settle a provision are
recognized in the statement of profit and loss only when receipt of such
reimbursements is virtually certain. Such reimbursements are recognized as a
separate asset in the balance sheet, with a corresponding credit to the specific
expense for which the provision has been made.

Contingent liabilities and contingent assets

A disclosure for a contingent liability is made when there is a possible obligation
or a present obligation that may, but probably will not, require an outflow of
resources. Where there is a possible obligation or a present obligation in respect of
which the likelihood of outflow of resources is remote, no provision or disclosure
is made. Contingent assets are not recognized in the financial statements. A
contingent asset is disclosed where an inflow of economic benefits is probable.
Contingent assets are assessed continually and, if it is virtually certain that an
inflow of economic benefits will arise, the asset and related income are recognized
in the period in which the change occurs.

j) Revenue Recognition

The Company''s revenue is derived from sales of goods, service income and
income from licensing arrangements. Most of such revenue is generated from the
sale of goods. The Company has generally concluded that it is the principal in its
revenue arrangements.

Sale of goods

Revenue is recognized when the control of the goods has been transferred to a
third party. This is usually when the title passes to the customer, either upon
shipment or upon receipt of goods by the customer. At that point, the customer
has full discretion over the channel and price to sell the products, and there are no
unfulfilled obligations that could affect the customer''s acceptance of the product.

Revenue from the sale of goods is measured at the transaction price which is the
consideration received or receivable, net of returns, taxes and applicable trade
discounts and allowances. Revenue includes shipping and handling costs billed to
the customer.

In arriving at the transaction price, the Company considers the terms of the
contract with the customers and its customary business practices. The transaction
price is the amount of consideration the Company is entitled to receive in
exchange for transferring promised goods or services, excluding amounts
collected on behalf of third parties. The amount of consideration varies because of
estimated rebates, returns and chargebacks, which are considered to be key
estimates.

Any amount of variable consideration is recognized as revenue only to the extent
that it is highly probable that a significant reversal will not occur. The Company
estimates the amount of variable consideration using the expected value method.

Services

Revenue from services rendered, which primarily relate to contract research, is
recognized in the statement of profit and loss as the underlying services are
performed. Upfront non-refundable payments received under these arrangements
are deferred and recognized as revenue over the expected period over which the
related services are expected to be performed.

Other Income

Other income consists of interest income on funds invested, dividend income and
gains on the disposal of assets. Interest income is recognized in the statement of
profit and loss as it accrues, using the effective interest method. Dividend income
is recognized in the statement of profit and loss on the date that the Company''s
right to receive payment is established. The associated cash flows are classified as
investing activities in the statement of cash flows. Finance cost consist of interest
expense on loans and
borrowings.

Foreign currency gains and losses are reported on a net basis within other income
and/or selling and other expenses. These primarily include: exchange differences
arising on the settlement or translation of monetary items; changes in the fair
value of derivative contracts that economically hedge monetary assets and
liabilities in foreign currencies and for which no hedge accounting is applied; and
the ineffective portion of cash flow hedges.

k) Borrowing Costs

Borrowing costs are recognized in the statement of profit and loss using the
effective interest method. The associated cash flows are classified as financing
activities in the statement of cash flows.

l) Income tax

Income tax expense consists of current and deferred tax. Income tax expense is
recognized in the statement of profit and loss except to the extent that it relates to
items recognized directly in equity, in which case it is recognized in equity.

1) Current tax

Current tax is the expected tax payable on the taxable income for the year, using
tax rates enacted or substantively enacted at the reporting date, and any
adjustment to tax payable in respect of previous years.

2) Deferred tax

Deferred tax is recognized using the balance sheet approach. Deferred tax assets
and liabilities are recognized for deductible and taxable temporary differences
arising between the tax base of assets and liabilities and their carrying amount in

financial statements, except when the deferred income tax arises from the initial
recognition of goodwill or an asset or liability in a transaction that is not a
business combination and affects neither accounting nor taxable profits or loss at
the time of the transaction.

Deferred tax assets are recognized to the extent it is probable that taxable profit
will be available against which the deductible temporary differences and the carry
forward of unused tax credits and unused tax losses can be utilized.

Deferred tax liabilities are recognized for all taxable temporary differences except
in respect of taxable temporary differences associated with investments in
subsidiaries and foreign branches where the timing of the reversal of the
temporary difference can be controlled and it is probable that the temporary
difference will not reverse in the foreseeable future.

The carrying amount of deferred tax assets is reviewed at each reporting date and
reduced to the extent that it is no longer probable that sufficient taxable profit will
be available to allow all or part of the deferred tax asset to be utilized. Deferred tax
assets and liabilities are measured at 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 at the reporting date.

The Company offsets deferred tax assets and liabilities, where it has a legally
enforceable right to offset current tax assets against current tax liabilities, and they
relate to taxes levied by the same taxation authority on either the same taxable
entity, or on different taxable entities where there is an intention to settle the
current tax liabilities and assets on a net basis or their tax assets and liabilities will
be realized simultaneously.

Deferred Tax includes MAT credit, if any and it is recognized as an asset only
when and to the extent there is convincing evidence that the Company will pay
income tax higher than that computed under MAT, during the period that MAT is
permitted to be set off under the Income Tax Act, 1961 for a specified period.
Credit on account of MAT is recognized as an asset based on the management''s
estimate of its recoverability in the future.

m) Earnings per Share

The Company presents basic and diluted earnings per share ("EPS") data for its
ordinary shares. Basic EPS is calculated by dividing the profit or loss attributable
to ordinary shareholders of the Company by the weighted average number of

ordinary shares outstanding during the period. Diluted EPS is determined by
adjusting the profit or loss attributable to ordinary shareholders and the weighted
average number of ordinary shares outstanding for the effects of all dilutive
potential ordinary shares, which includes all stock options granted to employees.

n) Government Grants and Incentives

The Company recognizes government grants only when there is reasonable
assurance that the conditions attached to them will be complied with, and the
grants will be received. Government grants received in relation to assets are
presented as a reduction to the carrying amount of the related asset. Grants related
to income are deducted in reporting the related expense in the statement of profit
and loss.

Export entitlements from government authorities are recognized in the statement
of profit and loss as a reduction from "Cost of materials consumed" when the
right to receive credit as per the terms of the scheme is established in respect of the
exports made by the Company, and where there is no significant uncertainty
regarding the ultimate collection of the relevant export proceeds.

o) Treasury shares

Own equity instruments that are reacquired (treasury shares) are recognized at
cost and deducted from equity. No gain or loss is recognized in statement of profit
and loss on the purchase, sale, issue or cancellation of the Company''s own equity
instruments.

Any difference between the carrying amount and the consideration, if reissued, is
recognized in the securities premium.

p) Rounding Off

All amounts in Indian Rupees disclosed in the financial statements and notes have
been rounded off to the nearest Thousands unless otherwise stated.

q) Fair Value Measurement

The Company''s accounting policies and disclosures require the determination of
fair value, for certain financial and non-financial assets and liabilities. Fair values
have been determined for measurement and/or disclosure purposes based on the
following methods. When applicable, further information about the assumptions

made in determining fair values is disclosed in the notes specific to that asset or
liability.

Fair value is the price that would be received to sell an asset or paid to transfer a
liability in an orderly transaction between market participants at the measurement
date. The fair value measurement is based on the presumption that the transaction
to sell the asset or transfer the liability takes place either in the principal market
for the asset or liability or in the absence of a principal market, in the most
advantageous market for the asset or liability. The principal or the most
advantageous market must be accessible by the Company. The fair value of an
asset or a liability is measured using the assumptions that market participants
would use when pricing the asset or liability, assuming that market participants
act in their economic best interest. A fair value measurement of a non-financial
asset takes into account a market participant''s ability to generate economic
benefits by using the asset in its highest and best use or by selling it to another
market participant that would use the asset in its highest and best use. The
Company uses valuation techniques that are appropriate in the circumstances and
for which sufficient data are available to measure fair value, maximizing the use of
relevant observable inputs and minimizing the use of unobservable inputs. All
assets and liabilities for which fair value is measured or disclosed in the financial
statements are categorized within the fair value hierarchy, described as follows,
based on the lowest level input that is significant to the fair value measurement as
a whole:

• Level 1 — Quoted (unadjusted) market prices in active markets for identical
assets or liabilities.

• Level 2 — Valuation techniques for which the lowest level input that is
significant to the fair value measurement is directly or indirectly observable.

• Level 3 — Valuation techniques for which the lowest level input that is
significant to the fair value measurement is unobservable.

For assets and liabilities that are recognized in the financial statements at fair
value on a recurring basis, the Company determines whether transfers have
occurred between levels in the hierarchy by re-assessing categorization (based on
the lowest level input that is significant to the fair value measurement as a whole)
at the end of each reporting period. External valuers are involved for valuation of
significant assets, such as assets acquired in a business combination and
significant liabilities, such as contingent. consideration. Involvement of external

2.20 Additional Regulatory Information

1. The Company is not in possession of any immovable property.

2. The Company has not revalued any of its Property, Plant and Equipment
during the year.

3. As per information provided, no proceedings have been initiated or are
pending against the company for holding any benami property under the
Benami Transactions (Prohibition) Act, 1988.

4. There are no borrowings from banks or financial institutions on the basis of
current assets given as security.

5. The company was not declared as a willful defaulter by any bank or financial
institution.

6. During the financial year 2024-25 there are no transactions with struck off
companies under section 248 or 560 of the companies'' act, 2013.

7. There is no Scheme of Arrangements that has been approved in terms of
sections 230 to 237 of the companies'' act, 2013.

8. The company has not advanced/loans/invested or received funds (either
borrowed funds or hare premium or any other sources or kind of funds to
any other persons or entities, including foreign entities (Intermediaries) with
the understanding (whether recorded in writing or otherwise) that the
Intermediary shall 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 provide any guarantee, security or the like to or on
behalf of the Ultimate Beneficiaries.

9. No funds have been received by the Company from any persons or entities,
including foreign entities ("Funding Parties"), with the understanding,
whether recorded in writing or otherwise, that the Company shall directly or
indirectly, lend or invest in other persons or entities identified in any manner
whatsoever ("Ultimate Beneficiaries") by or on behalf of the Funding Parties

or provide any guarantee, security or the like on behalf of the Ultimate
Beneficiaries.

10. In the opinion of the management, the current assets, loans and advances are
realizable at the value as shown in the balance sheet, if realized in the normal
course of business.

11. Paises are rounded off to the nearest rupee. Previous year figures have
regrouped, reclassified and rearranged as when necessary.

12. Gratuity has not been provided in the books of accounts as presently there are
no employee who has completed five years of service. Regarding Leave
Encashment the Company neither determined the accrued liability nor
accounted the same and shall be accounted on cash basis.

13. The balances of the Trade Debtors, Trade Creditors and Loans and Advances
are subject to confirmation.

14. As per the explanations and information given to us there is no contingent
liabilities and Contracts were to be executed on the capital accounts.

15. The outstanding amount payable to MSME''s Micro, Small and Medium
Enterprises Development (MSMED) Act, 2006 for the more than 45 days as at
31st March 2025, is Rs. NIL (Previous Year: Rs. NIL)

16. Amount paid/payable to auditors:

2.22 Undisclosed Income

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

2.23 Details of Crypto Currency or Virtual Currency

The Company has not traded nor has invested in Crypto Currency or Virtual
Currency during the financial year.

As per our report of even date, For and on behalf of the Board

For CVS Balachandra Rao & Co Novelix Pharmaceuticals Limited

Chartered Accountants
FRN: 007507S

Sd/- Sd/- Sd/-

Venkateshwarlu Jivamohan Divakar

CVS Balachandra Rao

Pulluru Valluri

^Partner Whole-time director Director

^{M No}'' ²⁰⁴⁵⁸⁰ DIN: 02076871 DIN: 09218013

Place: Hyderabad Sd/- Sd/-

Date: 27/05/2025 Bhoomika Choudhary Nishita Kalantri

UDIN: 25204580BMHZGH5906 C.F.O. Company Secretary

---

Mar 31, 2024

j) Provisions

A provision is recognised in the statement of profit and loss if, as a result of a past event,
the Company has a present legal or constructive obligation that can be estimated
reliably, and it is probable that an outflow of economic benefits will be required to settle
the obligation. If the effect of the time value of money is material, provisions are
determined by discounting the expected future cash flows at a pre-tax rate that reflects
current market assessments of the time value of money and the risks specific to the
liability. Where discounting is used, the increase in the provision due to the passage of
time is recognised as a finance cost.

Restructuring

A provision for restructuring is recognised in the statement of profit and loss when the
Company has approved a detailed and formal restructuring plan, and the restructuring
either has commenced or has been announced publicly. Future operating costs are not
provided.

Onerous contracts

A provision for onerous contracts is recognised in the statement of profit and loss when
the expected benefits to be derived by the Company from a contract are lower than the
unavoidable cost of meeting its obligations under the contract. The provision is
measured at the present value of the lower of the expected cost of terminating the
contract and the expected net cost of continuing with the contract. Before a provision is
established, the Company recognises any impairment loss on the assets associated
with that contract.

Reimbursement rights

Expected reimbursements for expenditures required to settle a provision are
recognised in the statement of profit and loss only when receipt of such
reimbursements is virtually certain. Such reimbursements are recognised as a
separate asset in the balance sheet, with a corresponding credit to the specific
expense for which the provision has been made.

Contingent liabilities and contingent assets

A disclosure for a contingent liability is made when there is a possible obligation or a
present obligation that may, but probably will not, require an outflow of resources.
Where there is a possible obligation or a present obligation in respect of which the
likelihood of outflow of resources is remote, no provision or disclosure is made.

Contingent assets are not recognised in the financial statements. A contingent asset is
disclosed where an inflow of economic benefits is probable. Contingent assets are
assessed continually and, if it is virtually certain that an inflow of economic benefits will
arise, the asset and related income are recognised in the period in which the change
occurs.

k) Revenue Recognition

The Company''s revenue is derived from sales of goods, service income and income
from licensing arrangements. Most of such revenue is generated from the sale of
goods. The Company has generally concluded that it is the principal in its revenue
arrangements.

Sale of goods

Revenue is recognised when the control of the goods has been transferred to a third
party. This is usually when the title passes to the customer, either upon shipment or
upon receipt of goods by the customer. At that point, the customer has full discretion
over the channel and price to sell the products, and there are no unfulfilled obligations
that could affect the customer''s acceptance of the product.

Revenue from the sale of goods is measured at the transaction price which is the
consideration received or receivable, net of returns, taxes and applicable trade
discounts and allowances. Revenue includes shipping and handling costs billed to the
customer.

In arriving at the transaction price, the Company considers the terms of the contract
with the customers and its customary business practices. The transaction price is the
amount of consideration the Company is entitled to receive in exchange for transferring
promised goods or services, excluding amounts collected on behalf of third parties.
The amount of consideration varies because of estimated rebates, returns and
chargebacks, which are considered to be key estimates.

Any amount of variable consideration is recognised as revenue only to the extent that it
is highly probable that a significant reversal will not occur. The Company estimates the
amount of variable consideration using the expected value method.

Services

Revenue from services rendered, which primarily relate to contract research, is
recognised in the statement of profit and loss as the underlying services are performed.
Upfront non-refundable payments received under these arrangements are deferred
and recognised as revenue over the expected period over which the related services
are expected to be performed.

Other Income

Other income consists of interest income on funds invested, dividend income and gains
on the disposal of assets. Interest income is recognised in the statement of profit and
loss as it accrues, using the effective interest method. Dividend income is recognised in
the statement of profit and loss on the date that the Company''s right to receive payment
is established. The associated cash flows are classified as investing activities in the
statement of cash flows. Finance cost consist of interest expense on loans and
borrowings.

Foreign currency gains and losses are reported on a net basis within other income
and/or selling and other expenses. These primarily include: exchange differences
arising on the settlement or translation of monetary items; changes in the fair value of
derivative contracts that economically hedge monetary assets and liabilities in foreign
currencies and for which no hedge accounting is applied; and the ineffective portion of
cash flow hedges.

l) Borrowing Costs

Borrowing costs are recognised in the statement of profit and loss using the effective
interest method. The associated cash flows are classified as financing activities in the
statement of cash flows.

m) Income tax

Income tax expense consists of current and deferred tax. Income tax expense is
recognised in the statement of profit and loss except to the extent that it relates to items
recognised directly in equity, in which case it is recognised in equity.

Current tax

Current tax is the expected tax payable on the taxable income for the year, using tax
rates enacted or substantively enacted at the reporting date, and any adjustment to tax
payable in respect of previous years.

Deferred tax

Deferred tax is recognized using the balance sheet approach. Deferred tax assets and
liabilities are recognized for deductible and taxable temporary differences arising
between the tax base of assets and liabilities and their carrying amount in financial
statements, except when the deferred income tax arises from the initial recognition of
goodwill or an asset or liability in a transaction that is not a business combination and
affects neither accounting nor taxable profits or loss at the time of the transaction.

Deferred tax assets are recognized to the extent it is probable that taxable profit will be
available against which the deductible temporary differences and the carry forward of
unused tax credits and unused tax losses can be utilized.

Deferred tax liabilities are recognized for all taxable temporary differences except in
respect of taxable temporary differences associated with investments in subsidiaries
and foreign branches where the timing of the reversal of the temporary difference can
be controlled and it is probable that the temporary difference will not reverse in the
foreseeable future.

The carrying amount of deferred tax assets is reviewed at each reporting date and
reduced to the extent that it is no longer probable that sufficient taxable profit will be
available to allow all or part of the deferred tax asset to be utilized. Deferred tax assets
and liabilities are measured at 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 at the reporting date.

The Company offsets deferred tax assets and liabilities, where it has a legally
enforceable right to offset current tax assets against current tax liabilities, and they
relate to taxes levied by the same taxation authority on either the same taxable entity,
or on different taxable entities where there is an intention to settle the current tax
liabilities and assets on a net basis or their tax assets and liabilities will be realized
simultaneously.

Deferred Tax includes MAT credit, if any and it is recognized as an asset only when and
to the extent there is convincing evidence that the Company will pay income tax higher
than that computed under MAT, during the period that MAT is permitted to be set off
under the Income Tax Act, 1961 for a specified period. Credit on account of MAT is
recognized as an asset based on the management''s estimate of its recoverability in the
future.

n) Earnings per Share

The Company presents basic and diluted earnings per share (“EPS”) data for its
ordinary shares. Basic EPS is calculated by dividing the profit or loss attributable to
ordinary shareholders of the Company by the weighted average number of ordinary
shares outstanding during the period. Diluted EPS is determined by adjusting the profit
or loss attributable to ordinary shareholders and the weighted average number of
ordinary shares outstanding for the effects of all dilutive potential ordinary shares,
which includes all stock options granted to employees.

o) Government Grants and Incentives

The Company recognises government grants only when there is reasonable
assurance that the conditions attached to them will be complied with, and the grants will
be received. Government grants received in relation to assets are presented as a
reduction to the carrying amount of the related asset. Grants related to income are
deducted in reporting the related expense in the statement of profit and loss.

Export entitlements from government authorities are recognised in the statement of
profit and loss as a reduction from “Cost of materials consumed” when the right to
receive credit as per the terms of the scheme is established in respect of the exports
made by the Company, and where there is no significant uncertainty regarding the
ultimate collection of the relevant export proceeds.

p) Treasury shares

Own equity instruments that are reacquired (treasury shares) are recognised at cost
and deducted from equity. No gain or loss is recognised in statement of profit and loss
on the purchase, sale, issue or cancellation of the Company''s own equity instruments.
Any difference between the carrying amount and the consideration, if reissued, is
recognised in the securities premium.

q) Rounding Off

All amounts in Indian Rupees disclosed in the financial statements and notes have
been rounded off to the nearest Thousands unless otherwise stated.

r) Fair Value Measurement

The Company''s accounting policies and disclosures require the determination of fair
value, for certain financial and non-financial assets and liabilities. Fair values have
been determined for measurement and/or disclosure purposes based on the following
methods. When applicable, further information about the assumptions made in
determining fair values is disclosed in the notes specific to that asset or liability. Fair
value is the price that would be received to sell an asset or paid to transfer a liability in
an orderly transaction between market participants at the measurement date. The fair
value measurement is based on the presumption that the transaction to sell the asset
or transfer the liability takes place either in the principal market for the asset or liability
or in the absence of a principal market, in the most advantageous market for the asset
or liability. The principal or the most advantageous market must be accessible by the
Company. The fair value of an asset or a liability is measured using the assumptions
that market participants would use when pricing the asset or liability, assuming that
market participants act in their economic best interest. A fair value measurement of a
non-financial asset takes into account a market participant''s ability to generate
economic benefits by using the asset in its highest and best use or by selling it to
another market participant that would use the asset in its highest and best use. The
Company uses valuation techniques that are appropriate in the circumstances and for
which sufficient data are available to measure fair value, maximizing the use of relevant
observable inputs and minimizing the use of unobservable inputs.

All assets and liabilities for which fair value is measured or disclosed in the fi nancial
statements are categorized within the fair value hierarchy, described as follows, based
on the lowest level input that is signifi cant to the fair value measurement as a whole:

• Level 1 — Quoted (unadjusted) market prices in active markets for identical assets or
liabilities.

• Level 2 — Valuation techniques for which the lowest level input that is signifi cant to the
fair value measurement is directly or indirectly observable.

• Level 3—Valuation techniques for which the lowest level input that is signifi cant to the
fair value measurement is unobservable.

For assets and liabilities that are recognized in the fi nancial statements at fair value on
a recurring basis, the Company determines whether transfers have occurred between
levels in the hierarchy by re-assessing categorization (based on the lowest level input
that is significant to the fair value measurement as a whole) at the end of each reporting
period.

External valuers are involved for valuation of significant assets, such as assets
acquired in a business combination and significant liabilities, such as contingent
consideration. Involvement of external valuers is determined by the Management,
based on market knowledge, reputation, independence and whether professional
standards are maintained.

2.22 Provisions, Contingent Liabilities and Contingent Assets:

Provisions are recognized for liabilities that can be measured only by using a
substantial degree of Estimation, if the company has a present obligation as a result
of past event, a probable outflow of Resource is expected to settle the obligation and
the amount of obligation can be reliably estimated.

An amount of Rs.288/- is identified as a contingent liability on account of dispute in
title of a Motor Car purchased by the company. The company has filed a case in the
Hon''ble High court ofAndhra Pradesh which is pending for disposal.

Provisions, Contingent Liabilities are reviewed at each Balance sheet Date.

2.23 Segment Reporting:

As per the Indian Accounting Standard-108 Operating Segment Reporting is
furnished hereunder.

2.24 Taxes on Income:

In accordance with Ind AS 12 issued by the ICAI, the company has accounted for
deferred income tax during the year. The deferred income tax provision for the
current year amount of 108.45 towards deferred tax Liability. (PY- deferred tax
liability of amount 14.54)

2.25 In the opinion of the Management, Current assets, Loans, and Advances have the
value at which they are Stated in the Balance Sheet, if realized in the ordinarily
course of the Business.

2.26 There are no outstanding balances for more than 45 days payable to Suppliers
identified under Micro, Small and Medium Enterprises Development Act, 2006.

2.27 Subsequent Events.

There are no significant events that occurred after the balance sheet date.

2.28 Additional Regulatory Information

(i) The Company is not in possession of any immovable property.

(ii) The Company has not revalued any of its Property, Plant and Equipment during the
year.

(iii) As per information provided, no proceedings have been initiated or are pending
against the company for holding any benami property under the Benami
Transactions (Prohibition) Act, 1988.

(iv) There are no borrowings from banks or financial institutions on the basis of current
assets given as security.

(v) The company was not declared as a willful defaulter by any bank or financial
institution.

(vi) During the financial year 2023-24 there are no transactions with struck off companies
under section 248 or 560 of the companies'' act, 2013..

(vii) There is no Scheme of Arrangements that has been approved in terms of sections
230 to 237 of the companies'' act, 2013.

(viii) The company has not advanced/loans/invested or received funds (either borrowed
funds or share premium or any other sources or kind of funds to any other persons or
entities, including foreign entities (Intermediaries) with the understanding (whether
recorded in writing or otherwise) that the Intermediary shall 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 provide any guarantee, security or
the like to or on behalf of the Ultimate Beneficiaries.

(ix) No funds have been received by the Company from any persons or entities, including
foreign entities (“Funding Parties”), with the understanding, whether recorded in
writing or otherwise, that the Company shall directly or indirectly, lend or invest in
other persons or entities identified in any manner whatsoever (“Ultimate
Beneficiaries”) by or on behalf of the Funding Parties or provide any guarantee,
security or the like on behalf of the Ultimate Beneficiaries

(x) In the opinion of the management, the current assets, loans and advances are
realizable at the value as shown in the balance sheet, if realized in the normal course
of business.

29 Undisclosed Income

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

2.30 Details of Crypto Currency or Virtual Currency

The Company has not traded nor has invested in Crypto Currency or Virtual Currency
during the financial year.

2.31 Previous year figures have been regrouped /re-arranged and re-classified
wherever necessary to conform to current period’s classification.

2.32 Figures are rounded off to rupees in thousands and decimals thereof.

SIGNATURE TO NOTES 2.1 to 2.32

As per our report of even date, For and on behalf of the Board

For P. Murali & Co. Trimurthi limited

Chartered Accountants

FRN: 007257S Sd/- Sd/-

Aditya Bhangadia Ravi Bhangadia

Sd/- Managing Director Director

A Krishna Rao (DIN: 00021024) (DIN: 00015838)

Partner
M.No. 020085

^{UDIN: 24020085BKAUIP9047} Nishita Kalantri Manda Vani

Company secretary Chief Financial Officer

Place: Hyderabad
Date: 28.05.2024

---

Mar 31, 2015

1. Provisions, Contingent Liabilities' and Contingent Assets=

Provisions are recognized for liabilities that can be measured only by using a substantial degree of estimation, if the Company has a present obligation as a result of past event, a probable outflow of resource is expected to settle the obligation and the amount of obligation can be really estimated,

An amount of Rs.2,88,000/- has identified as a Contingent Liability on account of dispute in title of a Motor Car purchased by the Company. The Company has filed a case in the Hen" ble High Court of Andhra Pradesh which is pending for disposal.

Provisions, Contingent Liabilities and Contingent Assets are reviewed at each Balance sheet Date.

2. Taxes on Income :

Current Year Income Tax amounting to Rs. 16,21,820/- has been recognized as per the Tax rates applicable for the year. Deferred Tax [Asset) amounting to Rs. 3,37,490/- has been recognized due to the differences arising on account of Depreciation, Amortization of Expenses and Losses on Sale of Assets.

3. In the opinion of the Directors, Current Assets, Loans and Advances have the value at which they are stated in the Balance sheet, if realized in the ordinarily course of the Business.

4. Balances of Sundry Debtors, Loans and Advances are subject to confirmation.

5. The Company has made payments to units covered under Micro, Small and Medium Enterprises Development Act, 2006 in due time. There are no outstanding balances due to these Units at the closure of the accounting year,

6. Previous year figures have been regrouped and rearranged wherever found necessary, to be in confirmative with current year classification.

7. Poises an rounded off to the nearest rupee.-

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Mar 31, 2014

1 Provisions, Contingent Liabilities and Contingent Assets:

Provisions are recognised for liabilities that can be measured only by using a substantial degree of estimation, if the Company has a present obligation as a result of past event, a probable outflow of resource is expected to settle the obligation and the amount of obligation can be really estimated.

An amount of Rs.2,88,000/- has identified as a Contingent Liability on account of dispute in title of a Motor Car purchased by the Company. The Company has filed a case in the Hon''ble High Court of Andhra Pradesh which is pending for disposal.

Provisions, Contingent Liabilities and Contingent Assets are reviewed at each Balance sheet Date.

2 Taxes on Income:

Current Year Income Tax amounting to Rs. 21,46,076/- has been recognized as per the Tax rates applicable for the year. Deferred Tax (Asset) amounting to Rs. 2,10,457/-has been recognized due to the differences arising on account of Depreciation, Amortisation of Expenses and Losses on Sale of Assets.

3 In the opinion of the Directors, Current Assets, Loans and Advances have the value at which they are stated in the Balance sheet, if realized in the ordinarily course of the Business.

4 Balances of Sundry Debtors, Loans and Advances are subject to confirmation.

5 The Company has made payments to units covered under Micro, Small and Medium Enterprises Development Act, 2006 in due time. There are no outstanding balances due to these Units at the closure of the accounting year.

6 Previous year figures have been regrouped and rearranged wherever found necessary, to be in confirmative with current year classification.

7 Paises are rounded off to the nearest rupee.

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Mar 31, 2013

1.1 Accounting Standard 18 Related Party Disclosure:

As per Accounting Standard -18 issued by the Institute of Chartered Accountants of India, the company''s related parties with whom the company has entered into transactions during the year in the ordinary course of business, as certified by the Management are discussed below:

(a] The Management of the Company feels that the rent paid to above related parties was reasonable when compared to prevailing market prices in the similar areas.

(b) M/s TDPL Health Care India Limited is a C&F Agent of M/s Alpa Laboratories Limited, Indore which is not related to the Company. The price paid for purchase of medicines is reasonable when compared to prevailing market prices.

1.2 Earning Per Share:

Basic EPS before extraordinary items Rs. 0.55

Diluted EPS before extraordinary items Rs. 0.55

Note: In the segment reporting, common assets that are used interchangeable not allocated to the individual segments above.

1.3 Provisions, Contingent Liabilities and Contingent Assets:

Provisions are recognised for liabilities that can be measured only by using a substantial degree of estimation, if the Company has a present obligation as a result of past event, a probable outflow of resource is expected to settle the obligation and the amount of obligation can be really estimated.

An amount of Rs.2,88,000/- has identified as a Contingent Liability on account of dispute in title of a Motor Car purchased by the Company. The Company has filed a case in the Hon''ble High Court of Andhra Pradesh which is pending for disposal.

Provisions, Contingent Liabilities and Contingent Assets are reviewed at each Balance sheet Date.

1.4 Taxes on Income:

Current Year Income Tax amounting to Rs. 19,57,895/- has been recognized as per the Tax rates applicable for the year. DeferredTax (Net) amounting to Rs. 2,59,351/- has been recognized due to the differences arising on account of Depreciation, Amortisation of Expenses and Losses on Sale of Assets.

1.5 In the opinion of the Directors, Current Assets, Loans and Advances have the value at which they are stated in the Balance sheet, if realized in the ordinarily course of the Business.

1.6 Balances of Sundry Debtors, Loans and Advances are subject to confirmation.

1.7 The Company has made payments to units covered under Micro, Small andMedium Enterprises Development Act, 2006 in due time. There are no outstanding balances due to these Units at the closure of the accounting year.

1.8 Previous year figures have been regrouped and rearranged wherever found necessary to be in confirmative with current year classification.

1.9 Paises are rounded off to the nearest rupee.

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Mar 31, 2012

1.1 Accounting Standard 18 Related Party Disclosure:

As per Accounting Standard -18 issued by the Institute of Chartered Accountants of India, the company's related parties with whom the company has entered into transactions during the year in the ordinary course of business, as certified by the Management are discussed below:

(a) The Management of the Company feels that the rent paid to above related parties was reasonable when compared to prevailing market prices in the similar areas.

(b) M/s TDPL Health Care India Limited is a C&F Agent of M/s Alpha Laboratories Limited, Indore which is not related to the Company. The price paid for purchase of medicines is reasonable when compared to prevailing market prices.

1.2 Provisions, Contingent Liabilities and Contingent Assets:

Provisions are recognised for liabilities that can be measured only by using a substantial degree of estimation, if the Company has a present obligation as a result of past event, a probable outflow of resource is expected to settle the obligation and the amount of obligation can be really estimated.

An amount of Rs.2,88,000/- has identified as a Contingent Liability on account of dispute in title of a Motor Car purchased by the Company. The Company has filed a case in the Hon'ble High Court of Andhra Pradesh which is pending for disposal.

Provisions, Contingent Liabilities and Contingent Assets are reviewed at each Balance sheet Date.

1.3 Unpaid Dividend of earlier years has not been incorporated in Books of accounts in the earlier years (FY 2008-09 and 2009-10) amounting to Rs.2,76,578/-, which is now incorporated in the current financial year. However, this has no effect on the profit and loss account for any of the respective financial years.

1.4 In the opinion of the Directors, Current Assets, Loans and Advances have the value at which they are stated in the Balance sheet, if realized in the ordinarily course of the Business.

1.5 Balances of Sundry Debtors, Loans and Advances are subject to confirmation.

1.6 The Company has made payments to units covered under Micro, Small and Medium Enterprises Development Act, 2006 in due time. There are no outstanding balances due to these Units at the closure of the accounting year.

1.7 Previous year figures have been regrouped and rearranged wherever found necessary, to be in confirmative with current year classification.

1.8 Paises are rounded off to the nearest rupee.

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Mar 31, 2010

1. Accounting Standard 18 Related Party Disclosure:

As per Accounting Standard 18 issued by the Institute of Chartered Accountants of India, the companys related parties with whom the Company has entered into transactions during the year in the ordinary course of business, as certified by the Management are3 disclosed below.

b) The Medicines Purchased from TDPL Health Care (India) Ltd.,M/s. TDPL Health Care (India) Ltd., is C&F Agent and the price paid for such medicines is reasonable when compared to prevailing market prices.

2. Provisions, Contingent Liabilities and Contingent Assets:

Provisions are recognised for liabilities that can be measured only by using a substantial degree of estimation, if the Company has a present obligation as a result of past event, a probable outflow of resource is expected to settle the obligation and the amount of obligation can be really estimated.

An amount of Rs.2,88,000/- has identified as a Contingent Liability on account of dispute in title of a Motor Car purchased by the Company. The Company has filed a case in the Honble High Court of Andhra Pradesh which is pending for disposal.

Provisions, Contingent Liabilities and Contingent Assets are reviewed at each Balance sheet Date.

Provision for Income Tax includes an amount of Rs.91,068/- (Rupees Ninety One Thousand and Sixty Eight Only) towards Interest U/s 234B & C of Income Tax Act, 1961.

3. In the opinion of the Directors, Current Assets, Loans and Advances have the value at which they are stated in the Balance sheet, if realized in the ordinarily course of the Business.

4. Balances of Sundry Debtors, Loans and Advances are subject to confirmation.

5. The Company has made payments to units covered under Micro, Small and Medium Enterprises Development Act, 2006 in due time. There are no outstanding balances due to these Units at the closure of the accounting year.

6. Previous year figures have been regrouped and rearranged wherever found necessary, to be in confirmative with current year classification.

7. Paises are rounded off to the nearest rupee.

8. Schedules 1 to 10 form part an integral of this report.