Notes to Accounts of Rite Zone Chemcon India Ltd.

Mar 31, 2025

xiv. Provision''s, Contingent Liabilities and Contingent Assets

The Company recognizes as provisions, the liabilities being present obligation arising out of
past events, the settlement of which is expected to result in an outflow of resources which
can be measure only by using a substantial degree of estimation.

Contingent liabilities are disclosed by way of notes to the financial statements after careful
evaluation by the management of the facts and the legal aspects of the matter
involved.Contingent assets are neither recognized nor disclosed.

xv. Cash Flow Statement

The Cash Flow Statement is prepared by the indirect method set out in Accounting Standard
3 on Cash Flow Statements and presents the cash flows by operating, investing and
financing activities of the Company.

Cash and Cash equivalents presented in the Cash Flow Statement consist of cash on hand
and unencumbered bank balances

On the basis of information and records available with the company, the above
disclosures are made in respect of amounts due to the micro and small enterprises, who
have registered with the relevant competent authorities.

27. Earnings per share:

The calculations of earnings per share (basic and diluted) are based on the earnings and
number of shares as computed below:

Notes

• Debt = Non-current borrowings Current borrowings

• Net worth = Paid-up share capital Reserves created out of profit Security premium -
Accumulated losses

• Cost of goods sold = Cost of materials consumed Purchase of stock-in-trade Changes
in inventories of finished goods, stock-in-trade and work-in progress

• Purchase = Purchase of stock-in-trade Purchase of Raw Material and packing material

• Working Capital = Current assets - Current liabilities

• EBIT = Earnings before Interest, tax and exceptional items

• Capital employed = Total equity Non-current borrowings

35. Previous Year’s figures have been regrouped /reclassified to conform to the current
year’s presentation, wherever necessary.

36. Other Significant notes

i. No transactions has been surrendered or disclosed as income during the year in the tax
assessment under the Income Tax Act, 1961. There are no such previously unrecorded
income or related assets.

ii. The company is not declared wilful defaulter by any bank or financial institution or
other lender.

iii. The company has not undertaken any transactions with companies struck off under
section 248 of the Companies Act, 2013 or section 560 of Companies Act, 1956.

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

v. The Company does not have any charges or satisfaction which is yet to be registered
with Registerer of Companies (ROC) beyond the statutory period.

vi. The company has not advanced or loaned or invested funds (either borrowed funds or
share premium or any other sources or kind of funds) to any other person(s) or
entity(ies), 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 (Ultimate
Beneficiaries) by or on behalf of the company or provide any guarantee, security or the
like to or on behalf of the Ultimate Beneficiaries.

vii. The company has not received any fund from any person(s) or entity(ies), including
foreign entities (Funding Party) 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 Party or provide any guarantee, security or the like on behalf of the
Ultimate Beneficiaries.

viii. No Scheme of Arrangements has been approved by the Competent Authority in terms of
sections 230 to 237 of the Companies Act, 2013.

ix. The title deeds of immovable properties (other than properties where the Company is
the lessee and the lease agreements are duly executed in favour of the lessee) are held in
the name of the Company.

x. There are no proceedings that have been initiated or pending against the Company for
holding any benami property under the Benami Transactions (Prohibitions) Act, 1988
(45 of 1988) and the Rules made thereunder.

For Kumbhat & Co.LLP For Rite Zone Chemcon India Limited

Chartered Accountants

Firm Reg. No. : 001609S/S000162

Bhavesh Bhandari Siddharth Banerjee

_{Gaurang C. Unadkat} ^{Chairman &} _Director

Managing Director

Partner DIN: 07082054 DIN: 09577578

Membership No. 131708

Helly Nilesh Shah Arti B. Bhandari

Place: Mumbai Company Secretary CFO

Date: 30/05/2025

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Mar 31, 2024

1.There is no capital commitment outstanding at the end of current and previous year. Contingent liabilities not provided for as on 31st March, 2024:

- Disputed GST matters - INR 10.37 lakhs

Appeal filed with GST department against the GST demand. Also, advance payment made against the GST Appeal of Rs. 0.73 lakhs.

On the basis of information and records available with the company, the above disclosures are made in respect of amounts due to the micro and small enterprises, who have registered with the relevant competent authorities.