Notes to Accounts of Readymix Construction Machinery Ltd.

Mar 31, 2025

A provision is recognized when there is
present obligation as a result of past event, it
is probable that an outflow of resources will
be required to settle the obligation, in respect

of which a reliable estimate can be made.
These are reviewed at each balance sheet
date and adjusted to reflect the current best
estimates.

xii. Contingent Liabilities:

When no reliable estimate can be made, a
disclosure is made as Contingent Liability. A
disclosure for contingent liability is also made
when there is a possible obligation that may,
but probably will not, require an outflow of
resources. During the year no such Contingent
Liability is foreseen by the Company. A
contingent asset is neither recognized nor
disclosed in the financial statements.

1. Guarantees Issued and outstanding are as
follows:

2. Demand from Statutory Authorities not
considered as Liability:

Events that occur between balance sheet date
and date on which these are approved, might
suggest the requirement for an adjustment(s)
to the assets and the liabilities as at balance
sheet date or might need disclosure.
Adjustments are required to assets and
liabilities for events which occur after balance
sheet date which offer added information
substantially affecting the determination of
the amounts which relates to the conditions
that existed at balance sheet date have been
disclosed.

xiv. Cash and cash equivalents:

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

xv. Segment Reporting:

The Company is operating under a single

segment.

xvi. Cash Flow Statement:

Cash flows are reported using Accounting
Standard -3 Cash Flow Statement- indirect
method, whereby net profits before tax is
adjusted for the effects of transactions of a
non-cash nature and any deferrals or accruals
of past or future cash receipts or payments
and items of income or expenses associated
with investing or financing cash flows. The
cash flows from regular revenue generating
(operating activities), investing and financing
activities of the Company are segregated.

xvii. Government Grants:

Government grants and subsidies are
recognised when there is reasonable
assurance that the Company will comply with
the conditions attached to them and the grants
/ subsidy will be received. Government grants
whose primary condition is that the Company
should purchase, construct or otherwise
acquire capital assets are presented by
deducting them from the carrying value of the

assets. The grant is recognised as income
over the life of a depreciable asset by way of
a reduced depreciation charge.

When the grant or subsidy relates to an
expense item, it is recognized as income
over the years necessary to match them on
a systematic basis to the costs, which it is
intended to compensate. The Company has
not earned any such Government Grants
during the year.

xviii. Leases:

The company has taken the office and factory
on lease and classified as an Operating lease
and lease rentals are recognized in profit of

loss account as per lease terms and / or the
invoices raised by lessor.

xix. Investments:

Investments in the name of the Company
comprise of Fixed Deposits with Banks.
The same has been recorded at cost and
the Management does not foresee any
impairment in the value of Investments held
by it.

xx. Auditors Remuneration:

Auditor''s Remuneration includes the
following. (Excluding GST)

xxi. Information as regards status of
Supplier / Vendor under Micro, Small and

Medium Enterprises (MSME) Development
Act, 2006 (the ''Act'') has been disclosed in the
Balance Sheet to the extent available.

An interest provision has been made; however,
the management of the company is of the
opinion that the interest will not be required
to be paid as per the mutual understanding of
the management and the supplier.

xxii. Foreign Currency Transactions:

Transactions in foreign currency are recorded
at the exchange rate prevailing on the date
of transaction. Realized gains and losses

and also exchange differences arising on
translation at year end exchange rates of
monetary assets and monetary liabilities
outstanding at the end of the year are
recognized in the Statement of Profit and
Loss.

Foreign currency exposures which are
not hedged by a derivative instrument or
otherwise are as follows:

Purchases made in Foreign Currency during
the year:

Acceptance of Deposits Rules, 2014 under Companies Act, 2013.
xxiv. Loans Availed by the Company:

Detailed particulars of the loans availed by the Company have been duly provided in Note No.5 &
Note No. 7 in the Financial Statements.

The loans availed by the Company have been specifically used for the purpose for which such
loans were availed.

The Company has not defaulted on the repayment of any Loans and Interest as on the Balance
Sheet date.

b) Company was required to spend Rs. 11,991.58 (Rs. In ''00), however it has spent Rs. 12,000.00
(Rs. In ''00), thus the excess amount spent is Rs. 8.42 (Rs. In ''00)

xxvi. During the year, the company has issued 30,62,000 Equity Shares at premium under SME IPO,
which got listed on NSE Emerge Platform on 13 February 2025. The transaction Costs pertaining to
the issue have been debited to the share premium account.

Details of utilization of IPO Proceeds are as follows:

xxvii. In the opinion of the board, the carrying amount of all the Assets of the Company does not

exceed the recoverable amount on the reporting date.

xxviii. There are no Benami Properties held by the Company. Also, no proceedings have been
initiated against the Company for holding any Benami Property under the Benami Transactions
(Prohibition) Act, 1988 (45 of 1988) and the rules made thereunder.

xxix. The Company has not been declared as a willful defaulter by any Bank or Financial Institution
or other Lenders.

xxx. In the opinion of the board, as on the Balance sheet date, there are no outstanding balances
(either receivable or payable) with any Company which has been struck off under section 248 of
the Companies Act, 2013 or Section 560 of Companies Act, 1956.

xxxi. The Company has duly complied with the provisions of the Companies Act with reference to
Charge Creation and Charge Satisfaction with the Registrar of Companies. There are no charges
to be registered or to be satisfied with the Registrar of Companies which is due beyond statutory
period.

xxxii. During the year, there were no Income Tax Assessments held of the Company. More so there
are no unrecorded incomes / assets of the Company.

xxxiii. The Company has not entered into any transactions in Crypto Currency or Virtual Currency
during the year.

xxxiv. In the opinion of the board all the expenses charged to revenue are genuine and has been
solely and exclusively incurred for the business of the Company. All the cash transactions covering
receipts and payments are genuine and carried out of business expediency.

xxxv. Accounting practices not specifically mentioned are consistent with the accepted accounting
practices.

xxxvi. Previous year''s figures have been recast / restated to confirm to the classification of the
current year.

FOR READYMIX CONSTRUCTION MACHINERY LIMITED

ANAND WATVE ATUL KULKARNI For B S M A R T AND

Manging Director Whole Time Director ASSOCIATES LLP

DIN: 05151936 DIN: 05151943 Chartered Accountants

DIN: 05151936

SHUBHANGI ROHIT DEO MUNJAJI PURBHAJI DHUMAL ABHISHEK JHUNJHUNWALA

Chief Financial Officer Company Secretary Partner

PAN: BTBPK4655C PAN: CLTPD3486P M. No: 138187

---

Mar 31, 2024

A provision is recognized when there is present obligation as a result of past event, it is
probable that an outflow of resources will be required to settle the obligation, in respect of
which a reliable estimate can be made. These are reviewed at each balance sheet date and
adjusted to reflect the current best estimates.

xii. Contingent Liabilities:

When no reliable estimate can be made, a disclosure is made as Contingent Liability. A
disclosure for contingent liability is also made when there is a possible obligation that may,
but probably will not, require an outflow of resources. During the year no such Contingent
Liability is foreseen by the Company. A contingent asset is neither recognized nor disclosed
in the financial statements.

xiii. Contingencies and Events Occurring After Balance Sheet Date:

Events that occur between balance sheet date and date on which these are approved, might
suggest the requirement for an adjustment(s) to the assets and the liabilities as at balance
sheet date or might need disclosure. Adjustments are required to assets and liabilities for
events which occur after balance sheet date which offer added information substantially
affecting the determination of the amounts which relates to the conditions that existed at
balance sheet date have been disclosed.

xiv. Cash and cash equivalents:

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

xv. Segment Reporting:

The Company is operating under a single segment.

xvi. Cash Flow Statement:

Cash flows are reported using Accounting Standard -3 Cash Flow Statement- indirect method,
whereby net profits before tax is adjusted for the effects of transactions of a non-cash nature
and any deferrals or accruals of past or future cash receipts or payments and items of income
or expenses associated with investing or financing cash flows. The cash flows from regular
revenue generating (operating activities), investing and financing activities of the Company are
segregated.

xvii. Government Grants:

Government grants and subsidies are recognised when there is reasonable assurance that the
Company will comply with the conditions attached to them and the grants / subsidy will be
received. Government grants whose primary condition is that the Company should purchase,
construct or otherwise acquire capital assets are presented by deducting them from the
carrying value of the assets. The grant is recognised as income over the life of a depreciable
asset by way of a reduced depreciation charge.

When the grant or subsidy relates to an expense item, it is recognized as income over the
periods necessary to match them on a systematic basis to the costs, which it is intended to
compensate.

The Company has not earned any such Government Grants during the year........

The company has taken the office and factory on lease and classified as an Operating lease
and lease rentals are recognized in profit of loss account as per lease terms and / or the
invoices raised by lessor.

xix. Investments:

Investments in the name of the Company comprise of Fixed Deposits with Banks. The same
has been recorded at cost and the Management does not foresee any impairment in the value
of Investments held by it.

xxi. Information as regards status of Supplier/Vendor under Micro, Small and Medium Enterprises
(MSME) Development Act, 2006 (the ''Act'') has been disclosed in the Balance Sheet to the
extent available.

An interest provision has been made; however, the management of the company is of the
opinion that the interest will not be required to be paid as per the mutual understanding of
the management and the supplier.

xxii. Foreign Fluctuations:

Transactions in foreign currency are recorded at the exchange rate prevailing on the date of
transaction. Realized gains and losses and also exchange differences arising on translation at
year end exchange rates of monetary assets and monetary liabilities outstanding at the end of
the year are recognized in the Statement of Profit and Loss.

There are no foreign currency exposures which are not hedged by a derivative instrument or
otherwise. As of the Balance Sheet date, there are no foreign currency Trade Payables/
Receivables.

Purchases / Expenses made in Foreign Currency during the year:

Note: The above Related Party disclosure includes disclosure as required under Rule 16A (2)
of Acceptance of Deposits Rules, 2014 under Companies Act, 2013.

xxiv. Loans Availed by the Company:

Detailed particulars of the loans availed by the Company have been duly provided in Note No.5
& Note No. 7 in the Financial Statements.

The loans availed by the Company have been specifically used for the purpose for which such
loans were availed.

The Company has not defaulted on the repayment of any Loans and Interest as on the Balance
Sheet date.

xxv. During the year the Company has not raised any money against the issue of Fresh Equity.

xxvi. In the opinion of the board, the carrying amount of all the Assets of the Companyd££S_QOt exceed
the recoverable amount on the reporting date.

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xxvii. There are no Benami Properties held by the Company. Also, no proceedings have been
initiated against the Company for holding any Benami Property under the Benami Transactions
(Prohibition) Act, 1988 (45 of 1988) and the rules made thereunder.

xxviii. The Company has not been declared as a willful defaulter by any Bank or Financial Institution
or other Lenders.

xxix. In the opinion of the board, as on the Balance sheet date, there are no outstanding balances
(either receivable or payable) with any Company which has been struck off under section 248
of the Companies Act, 2013 or Section 560 of Companies Act, 1956.

xxx. The Company has duly complied with the provisions of the Companies Act with reference to
Charge Creation and Charge Satisfaction with the Registrar of Companies. There are no charges
to be registered or to be satisfied with the Registrar of Companies which is due beyond
statutory period.

xxxi. During the year, there were no Income Tax Assessments held of the Company. More so there
are no unrecorded incomes / assets of the Company.

xxxii. The Company has not entered into any transactions in Crypto Currency or Virtual Currency
during the year.

xxxiii. In the opinion of the board all the expenses charged to revenue are genuine and has been
solely and exclusively incurred for the business of the Company. All the cash transactions
covering receipts and payments are genuine and carried out of business expediency.

xxxiv. Accounting practices not specifically mentioned are consistent with the accepted accounting
practices.

xxxv. Previous year''s figures have been recast / restated to confirm to the classification of the
current year..

For READYMIX CONSTRUCTION MACHINERY LIMITED

K r/ j/ For BS MART AND ASSOCIATES LLP

CHARTERED ACCOUNTANTS

YT Mr FRN: 121181W/W100011

AN AND WATVE ATUL KtJLKARNI \tf^L

MANGING DIRECTOR WHOLE TIME DIRECTOR —-W''* JyL---—""

DIN: 05151936 DIN: 05151943 '' 33

A ABHISHEK JHUNJHUNWALA

PARTNER

V M. NO.: 138187

SHUBHANGI ROHIT DEO PRAGYA ABHAY MISHRA ^/a/ ?Â¥EKflKC3

CHIEF FINANCIAL OFFICER COMPANY SECRETARY

PAN: BTBPK4655C . PAN: AQVPT6890N Vt\\