Notes to Accounts of Retaggio Industries Ltd.

Mar 31, 2025

12. Provisions. Contingent Liabilities and Contingent Assets:- (AS-29)

Provisions are recognized only when there is a present obligation as a result of past events and when a reliable
estimate of the amount of the obligation can be made.

Contingent Liabilities is disclosed in Notes to the account for:-

(i) Possible obligations which will be confirmed only by future events not wholly within the control of the
company or

(ii) Present Obligations arising from past events where it is not probable that an outflow of resources will be
required to settle the obligation or a reliable estimate of the amount of the obligation cannot be made.

Contingent assets are not recognized in the financial statement since this may result in the recognition of the
income that may never be realized.

General:

Except wherever stated, accounting policies are consistent with the generally accepted accounting principles and
have been consistently applied.

(B) Notes on Financial Statements

1. The SSI status of the creditors is not known to the Company; hence the information is not given.

2. Trade receivables, Trade payables, Loans & Advances and Unsecured Loans have been taken at their book
value subject to confirmation and reconciliation.

4. Loans and Advances are considered good in respect of which company does not hold any security other than
the personal guarantee of persons.

5. No provision for retirement benefits has been made, in view of accounting policy No. 11. The impact of the same
on Profit & Loss is not determined.

6. Related Party disclosure as identified by the company and relied upon by the auditors:

(A) Related Parties and their Relationship

Please refer Note: Disclosures under Accounting Standards forming part of Financial Statements.

7. Additional Regulatory Information/disclosures as required by General Instructions to Schedule III to the
Companies Act, 2013 are furnished to the extent applicable to the Company.

Right, Preferences and Restriction attached to shares
Equity shares

The company has only one class of Equity having a par value Rs. 10.00 per share. Each shareholder is eligible
for one vote per share held. The dividend proposed by the board of directors is subject to the approval of the
shareholders in ensuing Annual General Meeting, except in case of interim dividend. In the event of liquidation, the
Equity shareholders are eligible to receive the remaining assets of the company after distribution of all preferential
amounts, in proportion to their shareholding.