Notes to Accounts of Rex Pipes and Cables Industries Ltd.

Mar 31, 2025

I Additional information pursuant to provision Part II of Schedule III of the Companies

Act 2013.

i) Expenditure incurred on employees who are in receipt of remuneration in the aggregate at the rate of not less than Rs 6000000 P.A. or Rs 500000/ - P.M. if employed part of the year Rs Nil (Previous Year Rs Nil)

IV In the absence of confirmation from the parties and pending reconciliation, the debit and credit balances with regard to recoverable and payables have been taken as reflected in the books of accounts of company at the period-end. In the opinion of the Directors, Loans & Advances and Current Assets, if realized in the ordinary course of business, have the value at which they are stated in the Balance Sheet.

V As required under the accounting standard of statement of employees (AS 15) issued by Institute of Chartered Accountants of India, the company has not provided liability towards gratuity, since, as informed to me by the management, payment of gratuity is not applicable to the Company. Encashment of leave accumulated while in service is at the option of the employee and accounted for, as and when claimed, and hence not provided for.

VI As required under the accounting standard of Provisions, Contingent Liability & Contingent Asset (AS 29) issued by Institute of Chartered Accountants of India. The detail as per below.

VIII Wherever original vouchers are not available, management vouchers duly certified have been accepted by me and in the absence of the same, book entries as certified by the management, have been accepted by us.

IX In the opinion of the management, current asset, loans and advances are expected to realize at least the amount at which they are stated, if realized in the ordinary course of business and provision for all known liabilities have been adequately made in the accounts.

XII The Company has not received any Registration Certificate From Any Vendor as to whether it is Registered under the Sec 22 of Micro, Small & Medium Enterprises Development Act, 2006.

XIII The Company is a small and medium sized Company (SMC) as defined in the General Instructions in respect of Accounting Standards notified under the Companies Act, 2013. Accordingly, the Company has complied with the Accounting Standards as applicable to a SMC.

XIV	Contingent Liabilities and Capital Commitments:-
	Particulars	As at 31-03-2025	As at 31-03-2024
	Contingent Liabilities:- Claim not acknowledge as debt by the Company:- Bill Discounted & Outstanding:- Guarantee and Letter of Credit issued by the banker of the Company (including guarantee given by the company):-	Nil	5.00 Lakhs
	Capital Commitments:- Estimated amount of the contract to be executed on Capital Account:-	Nil	Nil

XV Benami Property: - No any proceeding have been initiated or pending against the company for the holding any benami property under the Benami Transactions (Prohibition) Act, 1988 (45 of 1988) and rules made thereunder.

XVI Wilful Defaulter:- The Company is not categorized as Wilful Defaulter by the any Bank or Financial Institution or Other Lenders.

XVII Relationship with Struck off Companies:- The Company does not have any transactions with companies struck off under section 248 of the Companies Act, 2013 or Section 560 of Companies Act, 1956.

XVIII The Company was earlier known as Kaler Electricals Private Limited, however its name was changed to Rex Pipes & Cables Industries Private Limited, vide fresh certificate of incorporation issued by the Registrar of Companies, Rajasthan, Jaipur dated 19^th January, 2018. The Company was thereafter converted into a Public Limited Company vide fresh certificate of incorporation issued by the Registrar of Companies, Rajasthan, Jaipur dated 1^st February, 2018 and since then is named as Rex Pipes & Cables Industries Limited.

XIX The Previous year figures have been regrouped/ rearranged wherever necessary.

XX The Company was given advances for Industrial land to M/s J K Estates and Developers during the F Y 2022-23 of Rs 200.00 Lakhs through agreement for purchase of Industrial Land out of which only registry of Rs 11.25 Lakhs was made during the year in the favour of the company.

XXI The company has prepared these financial statements as per format prescribed by Schedule-III to the Companies Act, 2013 (''the schedule'') issued by Ministry of Corporate Affairs. Previous year figures have been recast\restated to conform to the classification required by Schedule III & make then comparable with current Period.

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Mar 31, 2024

M. 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 a past event, a probable outflow of resources is expected to settle the obligation and the amount of the obligation can be reliably estimated.

? Reimbursement expected in respect of the expenditure required to settle a provision is recognized only when it is virtually certain that the reimbursement will be received.

? Contingent liability is stated in the case of a present obligation arising from a past event, when it is not Probable that an outflow of resources will be required to settle the obligation, a possible obligation, unless the probability of outflow of resources is remote.

? Contingent assets are neither recognized, nor disclosed.

? Provisions, contingent liabilities and contingent assets are reviewed at each balance sheet date.

N. Cash Flow Statement

The statement of cash flow has been prepared under the indirect method as set out in Accounting Standard - 3 issued under the Companies (Accounting Standard) Rules, 2006.

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

For Rex Pipes and Cables Industries Limited For Happy Kedawat and Company

Chartered Accountants FRN: 030525C

Sd/- Sd/- Sd/-

Sharwan Kumar Kaler Rajendra Kaler CA Happy Kedawat

Managing Director Whole Time Director Proprietor

DIN 01050715 DIN 08032024 M. No. 401746

Sd/- Sd/-

Date: 20-05-2024 K L Sharma Monika Bohara

Place: Sikar Chief Finance Officer Company Secretary

UDIN:- 24401746BKGPWM9137 M No. 60048

IV In the absence of confirmation from the parties and pending reconciliation, the debit and credit balances with regard to recoverable and payables have been taken as reflected in the books of accounts of company at the period-end. In the opinion of the Directors, Loans & Advances and Current Assets, if realized in the ordinary course of business, have the value at which they are stated in the Balance Sheet.

V As required under the accounting standard of statement of employees (AS 15) issued by Institute of Chartered Accountants of India, the company has not provided liability towards gratuity, since, as informed to me by the management, payment of gratuity is not applicable to the Company. Encashment of leave accumulated while in service is at the option of the employee and accounted for, as and when claimed, and hence not provided for.

VI As required under the accounting standard of Provisions, Contingent Liability & Contingent Asset (AS 29) issued by Institute of Chartered Accountants of India. The detail as per below.

XII The Company has not received any Registration Certificate From Any Vendor as to whether it is Registered under the Sec 22 of Micro, Small & Medium Enterprises Development Act, 2006.

XIII The Company is a small and medium sized Company (SMC) as defined in the General Instructions in respect of Accounting Standards notified under the Companies Act, 2013. Accordingly, the Company has complied with the Accounting Standards as applicable to a SMC.

XVI Wilful Defaulter:- The Company is not categorized as Wilful Defaulter by the any Bank or Financial Institution or Other Lenders.

XVII Relationship with Struck off Companies:- The Company does not have any transactions with companies struck off under section 248 of the Companies Act, 2013 or Section 560 of Companies Act, 1956.

XVIII The Company was earlier known as Kaler Electricals Private Limited, however its name was changed to Rex Pipes & Cables Industries Private Limited, vide fresh certificate of incorporation issued by the Registrar of Companies, Rajasthan, Jaipur dated 19^th January, 2018. The Company was thereafter converted into a Public Limited Company vide fresh certificate of incorporation issued by the Registrar of Companies, Rajasthan, Jaipur dated 1^st February, 2018 and since then is named as Rex Pipes & Cables Industries Limited.

XIX The Previous year figures have been regrouped/rearranged wherever necessary.

XX Impact of COVID-19 Pandemic: In assessing the recoverability if loans, receivables & other advances, stocks, investments and other tangible assets, the company has considered internal & external sources of information, including industry reports upto the date of approval of these financial statements and based on the current indicators of future economic conditions, the company expects to recover the carrying amounts of these assets. The eventual outcome of the impact of the pandemic may though be different from what has been estimated as on date of approval of the accounts.

XXI The company has prepared these financial statements as per format prescribed by

Schedule-III to the Companies Act, 2013 (''the schedule'') issued by Ministry of Corporate Affairs. Previous year figures have been recast\restated to conform to the classification required by Schedule III & make then comparable with current Period.

For and on behalf of As per our report of

Board of Directors even date attached for

FOR REX PIPES AND CABLES INDUSTRIES LIMITED FOR HAPPY KEDAWAT AND COMPANY

CHARTERED ACCOUNTANTS

Sd/- Sd/-

(SHARWAN KUMAR KALER) (RAJENDRA KALER) _Sd/_-

Managing Director Whole Time Director (Ca HAPPY KEDWAT)

DIN: 01050715 DIN: 08032024 _PROPRI_ETOR

M.No.401746

Sd/- Sd/- FRN-030525C

(K L SHARMA) (MONIKA BOHARA)

Chief Finance Officer Company Secretary

Mem. No. 60048

Place: Sikar Dated: 20-05-2024

UDIN:- 24401746BKGPWM9137