Notes to Accounts of RR Metalmakers India Ltd.

Mar 31, 2025

Provisions are recognised when the Company has present obligation (legal/ constructive) as a result of a past event, it''s probable that
an outflow of resources embodying economic benefits will be required to settle the obligation and a reliable estimate can be made of
amount of the obligation. Provisions are measured at the best estimate of the expenditure required to settle the present obligation at
the Balance Sheet date.

Provisions are reviewed at each balance sheet date and adjusted to reflect the current best estimate. If it''s no longer probable that the
outflow of resources would be required to settle the obligation, the provision is reversed.

The provisions for indirect taxes and legal matters comprises of numerous separate cases that arise in the ordinary course of business.
These provisions have not been discounted as it is not practicable for the Company to estimate the timing of provision utilisation and
cash outflows, if any, pending resolution. The Company does not expect any re-imbursements in respect of the above provisions

Sale of products:- Revenue from sale of goods is recognised when control of the products being sold or transferred to our customer
and when there are no longer any unfulfilled obligations. The Performance Obligations in our contracts are fulfilled at the time of
dispatch, delivery or upon formal customer acceptance depending on customer terms.

Revenue is measured on the basis of contracted price, after deduction of any trade discounts, volume rebates and any taxes or duties
collected on behalf of the Government such as goods and services tax, etc. Accumulated experience is used to estimate the provision
for such discounts and rebates. Revenue is only recognised to the extent that it is highly probable a significant reversal will not occur.

Our customers have the contractual right to return goods only when authorised by the Company. An estimate is made of goods that
will be returned and a liability is recognised for this amount using a best estimate based on accumulated experience.

Income from services rendered: - Income from services rendered is recognised based on agreements/arrangements with the
customers as the service is performed and there are no unfulfilled obligations.

20 Employee benefit expenses

a) Short-Term Employee Benefits (STEBs’)-STEBs including salaries and performance incentives, are charged to statement of profit loss
on an undiscounted, accrual basis during the period of employment.

b) Defined contribution plans - Contributions to defined contribution schemes such as employees'' state insurance, labour welfare fund,
superannuation scheme, employee pension scheme etc. are charged as an expense based on the amount of contribution required to be
made as and when services are rendered by the employees. Company''s provident fund contribution, in respect of certain employees,
is made to a Government administered fund and charged as an expense to the Statement of Profit and Loss.

The above benefits are classified as Defined Contribution Schemes as the Company has no further defined obligations beyond the
monthly contributions.

c) Defined benefit plans In respect of certain employees, provident fund contributions are made to a trust administered by the Company.
The interest rate payable to the members of the trust shall not be lower than the statutory rate of interest declared by the Central
Government under the Employees Provident Funds and Miscellaneous Provisions Act, 1952 and shortfall, if any, shall be made good by
the Company. The liability in respect of the shortfall of interest earnings of the Fund is determined on the basis of an actuarial valuation.
The Company also provides for retirement/post-retirement benefits in the form of gratuity, pensions ( in respect of certain employees).

For defined benefit plans, the amount recognised as ‘Employee benefit expenses'' in the Statement of Profit and Loss is the cost of
accruing employee benefits promised to employees over the year and the costs of individual events such as past/future service benefit
charges and settlements (such events are recognised immediately in the Statement of Profit and Loss).

The amount of net interest expense calculated by applying the liability discount rate to the net defined benefit liability or asset is charged
or credited to ‘Finance costs'' in the Statement of Profit and Loss. Any differences between the expected interest income on plan assets
and the return actually achieved, and any changes in the liabilities over the year due to changes in actuarial assumptions or experience
adjustments within the plans, are recognised immediately in ‘Other comprehensive income and subsequently not reclassified to the
Statement of Profit and Loss.

The defined benefit plan surplus or deficit on the Balance Sheet date comprises fair value of plan assets less the present value of the
defined benefit liabilities using a discount rate by reference to market yields on Government bonds at the end of the reporting period.

All defined benefit plans obligations are determined based on valuations, as at the Balance Sheet date, made by independent actuary
using the projected unit credit method. The classification of the Company''s net obligation into current and non-current is as per the
actuarial valuation report.

21 Finance Costs

Borrowing Costs - Borrowing costs directly attributable to the acquisition, construction or production of an asset that necessarily
takes a substantial period of time to get ready for its intended use or sale are capitalized as part of the cost of the asset. All other
borrowing costs are expensed in the period in which they occur. Borrowing costs consist of interest and other costs that an entity incurs
in connection with the borrowing of funds. Borrowing cost also includes exchange differences to the extent regarded as an adjustment
to the borrowing costs.

25 Earnings per Share

Basic earnings per share is computed by dividing the net profit for the period attributable to the equity shareholders of the Company
by the weighted average number of equity shares outstanding during the period. The weighted average number of equity shares
outstanding during the period and for all periods presented is adjusted for events, such as bonus shares, other than the conversion of
potential equity shares that have changed the number of equity shares outstanding, without a corresponding change in resources.

For the purpose of calculating diluted earnings per share, the net profit for the period attributable to equity shareholders and the
weighted average number of shares outstanding during the period is adjusted for the effects of all dilutive potential equity shares.

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Mar 31, 2024

Total Capital work-in-progress -

Property, plant and equipment is stated at acquisition cost net of accumulated depreciation and accumulated impairment losses, if any. Cost of acquisition or construction of property, plant and equipment comprises its purchase price including import duties and non-refundable purchase taxes after deducting trade discounts and rebates, any directly attributable to cost of bringing the item to its working condition for its intended use. When parts of an item of PPE having significant cost have different useful lives, then they are accounted for as separate items (major components) of PPE. Subsequent costs are included in the asset''s carrying amount or recognised as a separate asset, as appropriate, only when it is probable that future economic benefits associated with the item will flow to the Company and the cost of the item can be measured reliably. All other repairs and maintenance cost are charged to the Statement of Profit and Loss during the period in which they are incurred. Gains or losses arising on retirement or disposal of PPE are recognised in the Statement of Profit and Loss.

Property, plant and equipment which are not ready for intended use as on the date of Balance Sheet are disclosed as “Capital work-in-progress".

Advances paid towards the acquisition of property, plant and equipment outstanding at each balance sheet date is classified as capital advances under “Other Non-Current Assets".

Depreciation is provided on a pro-rata basis on the written down value method based on estimated useful life prescribed under Schedule II to the Companies Act, 2013 except Assets costing ^ 5,000 or less are fully depreciated in the year of purchase. Freehold land if any is not depreciated. The residual values, useful lives and method of depreciation of property, plant and equipment is reviewed at each financial year end and adjusted prospectively, if appropriate.

(b) Intangible Assets:

Intangible assets purchased are initially measured at cost. The cost of an intangible asset comprises its purchase price including duties and taxes and any costs directly attributable to making the asset ready for their intended use. Subsequent expenses is capitalized only when it increases the future economic benefits embodied in the specific asset to which it relates. All other expenditure is recognised in statement of profit or loss as incurred.

The useful lives of intangible assets are assessed as finite. Finite-life intangible assets are amortised on a written down value basis over the period of their estimated useful lives as prescribed under Schedule II to the Companies Act, 2013

The amortisation period and the amortisation method for intangible assets is reviewed at each financial year end and adjusted prospectively, if appropriate._

a) In line with Circular No 04/2015 issued by Ministry of Corporate Affairs dated 10th March, 2015, loans given to

employees as per the Company''s policy are not considered for the purposes of disclosure under Section 186(4) of the Companies Act, 2013. ... ... .

b) There are no loans or advances in the nature of loans granted to Promoters, Directors, KMPs & their related parties ^ (as defined under Companies Act, 2013), either severally or jointly with any other person, that are:

(a) repayable on demand; or

(b) without specifying any terms or period of repayment

7 Current tax liabilities and Assets

i Income tax expense for the year comprises of current tax and deferred tax. It is recogn ised in the Statement of Profit and Loss except to the extent it relates to a business combination or to an item which is recognised directly in equity or other comprehensive income. Current tax is the expected tax payable/receivable on the taxable income or loss for the year using applicable tax rates for the relevant period, and any adjustment to taxes in respect of previous years. Interest expenses and penalties, if any, related to income tax are included in finance cost and other expenses respectively. Interest Income, if any, related to income tax is included in other income.

ii Deferred tax is recognised in respect of temporary differences between the carrying amount of assets and liabilities for financial reporting purposes and the corresponding amounts used for taxation purposes. A deferred tax liability is recognised based on the expected manner of realisation or settlement of the carrying amount of assets and liabilities, using tax rates enacted, or substantively enacted, by the end of the reporting period. Deferred tax assets are recognised only to the extent that it is probable that future taxable profits will be available against which the asset can be utilised. Deferred tax assets are reviewed at each reporting date and reduced to the extent that it is no longer probable that the related tax benefit will be realised.

Current tax assets and current tax liabilities are offset when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle the asset and the liability on a net basis. Deferred tax assets and deferred tax liabilities are offset when there is a legally enforceable right to set off current tax assets against current tax liabilities; and the deferred tax assets and the deferred tax liabilities relate to income taxes levied by the same taxation authority.

iv Uncertain Tax position:- Management periodically evaluates positions taken in the tax returns with respect to situations in which applicable tax regulations are subject to interpretation and establishes provisions where appropriate. The provision is estimated based on the single most likely amount method resulting in possible future cash outlays

d Disclosure in Relation to Undisclosed Income

During the year, the Company has not surrendered or disclosed any income in the tax assessments under the Income Tax Act, 1961 such as search or survey or any other relevant provisions of the Income Tax Act, 1961.

The Company has not given any advances to directors or other officers of the Company or any of them either severally or jointly with any other persons or advances to firms or private companies respectively in which any director is a partner or a director or a member.

9 Inventories (at lower of Cost and Net Realisable Value)

Inventories are valued at lower of cost and net realisable value. Cost is computed on a weighted average basis.

Cost of raw materials and stores and spares includes cost of purchase and other costs incurred in bringing the inventories to their present location and condition. The aforesaid items are valued at net realisable value if the finished products in which they are to be incorporated are expected to be sold at a loss.

Cost of finished goods and work-in-progress if any include all costs of purchases, conversion costs and other costs incurred in bringing the inventories to their present location and condition. The net realisable value is the estimated selling price in the ordinary course of business less the estimated costs of completion and estimated costs necessary to '' make the sale.

b Terms/rights attached to equity shares :

The Company has only one class of equity shares having face value at ^ 10 per share, each holder of equity shares is entitled to one vote per share. The Company declares and pays dividends, if any in Indian rupees. In the event of , liquidation of Company, the holders of equity shares will be entitled to receive remaining assets of the Company, after distribution of all preferential amounts. The distribution will be in proportion to the number of equity shares held by the shareholders. • . . .

Securities Premium: The amount received in excess of face value of the equity shares is recognised in Securities b Premium.

c Items of other comprehensive income - Remeasurements of Net Defined Benefit Plans: Differences between the interest income on plan assets and the return actually achieved, and any changes in the liabilities over the year due to changes in actuarial assumptions or experience adjustments within the plans, are recognised in other comprehensive income and are adjusted to retained earnings.

d Revaulation Reserve-The Company has recognised assets revaluation as per statutory requirements. This reserve is not available for capitalisation/ declaration of dividend/ share buy-back if any.

Short term borrowings are from Union Bank of India and are secured by way of hypothecation of stock and book debts, pledge of fixed deposits held with the bank and mortgage of company''s fixed assets along with the personal guarantees and mortgage of properties of the directors and their relatives which are disclosed in the banks sanction letter.

15 Provisions

Provisions are recognised when the Company has present obligation (legal/ construct ive) as a result of a past event, it''s probable that an outflow of resources embodying economic benefits will be required to settle the obligation and a reliable estimate can be made of amount of the obligation. Provisions are measured at the best estimate of the expenditure required to settle the present obligation at the Balance Sheet date.

Provisions are reviewed at each balance sheet date and adjusted to reflect the current best estimate. If it''s no longer probable that the outflow of resources would be required to settle the obligation, the provision is reversed.

The provisions for indirect taxes and legal matters comprises of numero us separate cases that arise in the ordinary course of business. These provisions have not been discounted as it is not practicable for the Company to estimate the timing of provision utilisation and cash outflows, if any, pending resolution. The Company does not expect any any reimbursements in respect of the above provisions

17 Revenue from Operations

Sale of products:- Revenue from sale of goods is recognised when control of the products being sold or transferred to our customer and when there are no longer any unfulfilled obligations. The Performance Obligations in our contracts are fulfilled at the time of dispatch, delivery or upon formal customer acceptance depending on customer terms.

Revenue is measured on the basis of contracted price, after deduction of any trade discounts, volume rebates and any taxes or duties collected on behalf of the Government such as goods and services tax, etc. Accumulated experience is used to estimate the provision for such discounts and rebates. Revenue is only recognised to the extent that it is highly probable a significant reversal will not occur.

Our customers have the contractual right to return goods only when authorised by the Company. An estimate is made of goods that will be returned and a liability is recognised for this amount using a best estimate based on accumulated experience.

18 Other Incomes

Interest income is recognised using the effective interest rate (EIR) method. Dividend income on investments is recognised when the right to receive dividend is established. Refer Note 31 on financial instruments for policy on measurement at fair value through profit or loss.

21 Employee benefit expenses

a) Short-Term Employee Benefits (STEBs'')- STEBs including salaries and performance incentives, are charged to statement of profit and loss on an undiscounted, accrual basis during the period of employment.

b) Defined contribution plans - Contributions to defined contribution schemes such as employees'' state insurance, labour welfare fund, superannuation scheme, employee pension scheme etc. are charged as an expense based on the amount of contribution required to be made as and when services are rendered by the employees. Company''s provident fund contribution, in respect of certain employees, is made to a Government administered fund and charged as an expense to the State ment of Profit and Loss. The above benefits are classified as Defined Contribution Schemes as the Company has no further defined obligations beyond the monthly contributions.

c) Defined benefit plans In respect of certain employees, provident fund contributions are made to a trust administered by the Company. The interest rate payable to the members of the trust shall not be lower than the statutory rate of interest declared by the Central Government under the Employees Provident Funds and Miscellaneous Provisions Act, 1952 and shortfall, if any, shall be made good by the Company. The liability in respect of the shortfall of interest earnings of the Fund is determined on the basis of an actuarial valuation. The Company also provides for retirement/post-retirement benefits in the form of gratuity, pensions (in respect of certain employees).

For defined benefit plans, the amount recognised as ''Employee benefit expenses'' in the Statement of Profit and Loss is the cost of accruing employee benefits promised to employees over the year and the costs of individual events such as past/future service benefit charges and settlements (such events are recognised immediately in the Statement of Profit and Loss).

The amount of net interest expense calculated by applying the liability discount rate to the net defined benefit liability or asset is charged or credited to ''Finance costs'' in the Statement of Profit and Loss. Any differences between the expected interest income on plan assets and the return actually achieved, and any changes in the liabilities over the year due to changes in actuarial assumptions or experience adjustments within the plans, are recognised immediately in ''Other comprehensive income and subsequently not reclassified to the Statement of Profit and Loss.

The defined benefit plan surplus or deficit on the Balance Sheet date comprises fair value of plan assets less the present value of the defined benefit liabilities using a discount rate by reference to market yields on Government bonds at the end of the reporting period.

All defined benefit plans obligations are determined based on valuations, as at the Balance Sheet date, made by independent actuary using the projected unit credit method. The classification of the Company''s net obligation into current and non-current is is as per the actuarial valuation report.

22 Finance Costs

Borrowing Costs - Borrowing costs directly attributable to the acquisition, construction or production of an asset that necessarily takes a substantial period of time to get ready for its intended use or sale are capitalized as part of the cost of the asset. All other borrowing costs are expensed in the period in which they occur. Borrowing costs consist of interest and other costs that an entity incurs in connection with the borrowing of funds. Borrowing cost also includes exchange ” differences to the extent regarded as an adjustment to the borrowing costs.

26 Earnings per Share

Basic earnings per share is computed by dividing the net profit for t he period attributable to the equity shareholders of the Company by the weighted average number of equity shares outstanding during the period. The weighted average number of equity shares outstanding during the period and for all periods presented is adjusted for events, such as bonus shares, other than the conversion of potential equity shares that have changed the number of equity shares outstanding, without a corresponding change in resources.

For the purpose of calculating diluted earnings per share, the net profit for the period attributable to equity shareholders and the weighted average number of shares outstanding during the period is adjusted for the effects of all dilutive potential equity shares.

28 Contingent liabilities

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that an outflow of resources embodying economic benefits will be required to settle the obligation and a reliable estimate can be made of the amount of the obligation. Provisions are measured at the best estimate of the expenditure required to settle the present obligation at the Balance Sheet date.

If effect of the time value of money is material, provisions are discounted to reflect its present value using a current pretax rate that reflects the current market assessments of the time value of money and the risks specific to the obligation. When discounting is used, the increase in the provision due to the passage of time is recognised as a finance cost.

Contingent liabilities are disclosed when there is a possible obl igation arising from past events, the existence of which will be confirmed only by the occurrence or non-occurrence of one or more uncertain future events not wholly within the control of the Company or a present obligation that arises from past events where it is either not probable that an outflow of resources will be required to settle the obligation or a reliable estimate of the amount cannot be made.

Impact of pending litigation

The company has received Intimation in DRC-01A on 09.05.2024 from SGST Gujarat and it is pursuing the said matter before relevant GST Authority.

The Income tax claims against the company represent demand arising on completion of assessment proceedings under the Income Tax Act, 1961. These claims are on account of penalty proceedings under section 271DA imposed for violation of section 269 ST of the Income Tax Act, 1961. The Company has filed an Appeal and the matter is pending before the Commissioner of Income Tax ( Appeals) and the Management including its Tax Advisors expect that its position will be likely upheld on ultimate resolution and will not have a material adverse effect on companie''s financial position and result of operations.

3.2 Sensitivity Analysis- ("SA")

Significant actuarial assumptions for the determination of the defined benefit obligation are discount rate and expect ed salary increase rate. Effect of change in mortality rate is negligible. Please note that the sensitivity analysis presented below may not be representative of the actual change in the defined benefit obligation as it is unlikely that the change in assumption would occur in isolation of one another as some of the assumptions may be correlated. The results of SA are given below.

31 Financial Instruments:

” Financial Assets (FA):- FA are recognised when the Company becomes a party to the contractual provisions of

₀ instrument. On initial recogintion, a FA is recognised at fair value. In case of financial assets which are recognised at fair

value through fair value through profit & loss (FVTPL), its transaction cost is recognised in the statement of profit & loss. In other cases, the transaction cost is attributed to the acquisition value of the financial asset. Financial assets are subsequently classified and measured at

FA are not reclassified subsequent to their recognition, except during the period the compnay changes its business model for managing FA.

Trade Receivables (TRs)

TRs are initially recognised at fair value. Subsequently, these assets are held at amortized cost, net of any expected credit losses.

Debt Instruments:

Investment in term deposits are initially measured at amortised cost, fair value thru other comprehensive income (''FVOCI'') or fair value through profit or loss (''FVTPL'') till derecognition on the basis of the Company''s business model for managing the financial assets and the contractual cash flow characteristics of the financial asset.

i. Measured at amortised cost: - Financial assets that are held within a business model, whose objective is to hold financial assets in order to collect contractual cash flows that are solely payments of principal and interest, are subsequently measured at amortised cost less impairment, if any. The loss arising from impairment, if any is recognised in the Statement of Profit and Loss.

ii. Measured at fair value through other comprehensive income( FVOCI):- Financial assets that are h eld within a business model whose objective is achieved by both, selling financial assets and collecting contractual cash flows that are solely payments of principal and interest, are subsequently measured at FVOCI. Fair value movements are recognised in the OCI. Interest income measured using a actuarial valuation method and impairment losses, if any are recognised in the Statement of Profit and Loss. On derecognition, cumulative gain/ loss previously recognised in OCI is reclassified from the equity to ''other income'' in the Statement of Profit and Loss.

iii. Measured at fair value through profit or loss (FVTPL):- A financ ial asset not classified as either amortised cost or FVOCI, is classified as FVTPL. Such financial assets are measured at fair value with all changes in fair value, including interest income & dividend income if any, recognised as ''other income'' in the Statement of Profit and Loss.

Equity Instruments:- All investments in equity instruments (l isted equity securities from which dividend if any are received) classified under FA are initially measured at fair value; the company may, on initial recognition, irrevocably elect to measure the same either at FVOCI or FVTPL. The Company makes such selection on an instrument byinstrument basis. Fair value changes on an equity instrument are recognized as ''other income'' in the Statement of Profit and Loss unless the company elected to measure such instrument at FVOCI. Fair value changes excluding dividends, on an equity instrument measured at FVOCI are recognised in OCI. Amounts recognised in OCI are not subsequently reclassified to the Statement of Profit and Loss. Dividend income on the investments in equity instruments if any are recognised as ''other income'' in the Statement of Profit and Loss.

Impairment of Financial Asset - The Company applies expected credit loss (ECL) model for measurement & recognition of loss allowance as follow

i Trade receivables

ii Financial assets measured at amortized cost (other than trade receivables)

iii Financial assets measured at fair value through other comprehensive income, if any (FVTOCI). In case of trade receivables, the Company follows a simplified approach wherein an amount equal to lifetime ECL is measured and recognised as loss allowance.

In case of other assets (listed as ii and iii above), the Compan y determines if there has been a s ignificant increase in credit risk of the FA since initial recognition. If the credit risk of such assets has not increased significantly, an amount equal to 12-month ECL (recovery of assets is not possible resulting in doubtful debts, if any) is measured and recognised as loss allowance. However, if credit risk has increased significantly, an amount equal to lifetime ECL is measured and recognised as loss allowance. Subsequently, if the credit quality of the FA improves such that there is no longer a significant increase in credit risk since initial recognition, the Company reverts to recognising impairment loss allowance based on 12-month ECL. ECL is the difference between all contractual cash flows that are due to the Company in accordance with the contract and all the cash flows that the Company expects to receive (i.e. all cash shortfalls), discounted at the original effective interest rate. Lifetime ECL are the expected credit losses resulting from all possible default events over the expected life of a FA. 12 month ECL are a portion of the lifetime ECL which result from default events that are possible within 12 months from the reporting date. CL are measured in a manner that they reflect unbiased and probability weighted amounts determined by a range of outcomes, taking into account the time value of money and other reasonable information available as a result of past events, current conditions and forecasts of future economic conditions. ECL allowance recognised (or reversed) during the period is recognised as income/expense in the _Statement of Profit and I oss

Write-off-The gross carrying amount of a financial asset is written off when the Company has no reasonable expectations of recovering the financial asset in its entirety or a portion thereof.

Financial Liabilities (FL):

Initial recognition and measurement : FL are recognised when the Company becomes a party to contractual provisions of instrument. FL are initially measured at the amortized cost unless at initial recognition, they are classified as fair value through profit and loss. In case of trade payables, they are initially recognised at fair value and subsequently, these liabilities are held at amortised cost.

Subsequent measurement: FL are subsequently measured at amortised cost. FL carried at FVTPL are measured at fair value with all changes in fair value recognised in the Statement of Profit and Loss.

Derecognition: A financial liability is derecognized when the obligation specified in the contract is discharged, cancelled or expires. The difference between the carrying value of the financial liability and the consideration paid is recognised in Statement of Profit and Loss.

32 CAPITAL MANAGEMENT

The Company manages its capital to ensure that it will be able to continue as going concern while maximizing returns to stakeholders through optimization of debt and equity ratios. The Company determines the amount of capital required on the basis of annual budgets & three years corporate plan for working capital, capital outlay & long-term strategies. The funding requirements are met through internal accrual and a combination of long-term and short-term borrowings. The Company monitors the capital structure on the basis of total debt to equity and maturity profile of the overall debt portfolio of the Company.

Note for Variance in Financial Ratios (Increase or Decrease by 25%)

Debt-Equity Ratio decreased due to Debts reduced in FY 2023-24 of Rs. 1703.84 Lakhs as compared to Previous Year of Rs. 2156.34 Lakhs.

Debt Service Coverage Ratio decreased due to EBIDT Increased in FY 2023-24 of Rs. 593.78 Lakhs as compared to Previous Year''s of Rs. 288.44 Lakhs.

Return on Equity Ratio increased due to Profit in FY 2023-24 Rs.105.12 Lakhs as compared to Previous Year''s Loss of Rs.

102.95 Lakhs.

_n _ Trade Receivables turnover ratio increased due to increase in receivables for FY 23-24 of Rs.1241.05 as compared to Previous Year of Rs. 722.09 Lakhs

Net profit ratio increased due to Profit in FY 2023-24 Rs.105.12 Lakhs as compared to Previous Year''s Loss of Rs. 102.95 Lakhs.

Return on Capital employed increased due to EBIDT Increased in FY 2023-24 of Rs. 593.78 Lakhs as compared to Previous Year''s of Rs. 288.44 Lakhs.

Return on investment increased due to Profit in FY 2023-24 Rs.105.12 Lakhs as compared to Previous Year''s Loss of Rs.

102.95 Lakhs.

33 RELATIONSHIP WITH STRUCK OFF COMPANIES

The Company does not have any transactions or balances with companies struck off under section 248 of the Companies Act, 2013 or section 560 of the Companies Act, 1956 during the year and previous year.

34 The Company does not have any transactions not recorded in books of accounts that has been surrendered or disclosed as income during the year and previous year in the tax assessments under the Income Tax Act, 1961.

35 The Company has not traded or invested in any crypto currency or virtual currency during the year and previous year.

36 There has been no fraud by the Company or on the Company during the year and previous year.

37 Debit or credit balances on whatever account are subject to confirmation from the parties concerned. However in the

opinion of the Management, these amounts are realisable and payable at the amount stated in the Company''s accounts.

38 Previous year''s figures have been have been regrouped / restated wherever necessary to confi rm to current year''s _presentation.

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Mar 31, 2019

1. Corporate information

Shree Surgovind Tradelink Limited (“the Company”) was incorporated in India on 26^th of October, 1995 and is in business of traders, exporters, importers, cold storage lessors and refrigerating engineers, operators. Company has its registered office at Ahmedabad and the branch at Mumbai.

The name of the Company was changed to RR METALMAKERS INDIA LIMITED w e f April 10, 2019, changes duly incorporated by Ministry of Corporate Affairs.

The financial statements are approved for issue by the Company’s Board of Directors on 08/05/2019.

a. Terms/rights attached to equity shares

The Company has only 1 class of equity shares having a par value of Rs 10 per share. Each holder of equity shares is entitled to 1 vote per share. The company declares and pays dividends if any in Indian rupees. The dividend proposed if any, by the Board of Directors is subject to the approval of the shareholders in the ensuing AGM.

2. The Company has a single segment namely “Commodity Trading and Distribution”, Therefore the company business does not fall under different segments as defined by AS-17-”Segment Reporting” issued by ICAI.

3. Some of the Debit or Credit balances on whatever account are subject to parties/authorties concerned.

However in the opinion of the Management, these amounts are realisable and payable at the amount stated in the Company’s accounts.

4. Case againts The Company/Directors by ROC u/s. 63, 68 and 628 of the Companies Act, 1956 against the old erstwhile directors

Previous Promoters’ pending cases is completed as per the court order and no legal cases are pending against the company in this matter as on date.

5. Previous year’s figures are regrouped and rearranged to make them comparable with current year’s figures.

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Mar 31, 2015

1. CORPORATE INFORMATION

Shree Surgovind Tradelink Limited ("the Company") was incorporated in India on 26th of October, 1995 and is business of traders, exporters, importers, cold storage lessors and refrigerating engineers, operators. Company has its registered office at Ahmedabad and the branch at Mumbai

2. Terms/rights attached to equity shares

The company has only one class of equity shares having a par value of ' 10 per share. Each holder of equity shares is entitled to one vote per share. The company declares and pays dividends if any in Indian rupees. The dividend proposed if any, by the Board of Directors is subject to the approval of the shareholders in the ensuing AGM.

3. Additional Information to Secured/Unsecured Long term borrowings

The long term portion of term loans are shown under long term borrowings and the current maturities of the long term borrowing, if any are shown under the current liabilities as per the disclosure requirements of the Schedule III.

4. Particulars of Sale of Products

The company is engaged in import exports business as well as in local trading for which they trade goods both in indigenous and imported goods, and consequent export of the same.

5. Contingent liabilities 31 March 2015 31 March 2014

a Bank Guarantee issued 579,600.00 7,651,030.00

b Claims against the company not acknowledged as debts 596,720.00 1,979,882.00

6. The Company has a single segment namely "trading in spice & related other products", Therefore the company business does not fall under different segments as defined by AS-17-"Segment Reporting" issued by ICAI.

7. Disclosure in accordance with Accounting Standard-18 Related Party Transaction

A Names of Related Parties & Nature of Relationship

I Names of Related Parties Nature of Relationship

Rkb Global Pvt ltd Private Limited in which Shareholders' are the directors

Khushbu Impex Proprietorship of Relative of one of the directors

ii Key Management personnel

Navin Madhavji Mehta Director

Kalpana Kulkarni Director

Shruti Sawant Director

8. Debit or credit balances on whatever account are subject to confirmation from parties / authorities concerned. However in the opinion of the Management, this amounts are realisable and payable at the amount stated in the Company's accounts.

9. a) Case against the Company / Directors by Registrar of Companies (ROC)

The case filed by the Registrar of Companies - U/s. 63-Criminal Liability for misstatement in Prospectus;

U/s. 68-Penalty for fraudulently inducing persons to invest money ; U/s. 628-Penalty for false statements.

The Company is of the Opinion that the cases are initiated against the erstwhile directors of the Company in the Year 2002.The penalty amount are not quantifiable as the matters are sub-judice. Subsequent to year end, the said former directors have filed application for compounding of offence with Company Law Board, Western Region, Mumbai/ Regional Director, North western Region, Ahmedabad.

b) Case against the Company / Directors by SEBI

During the year under review, SAT(SEBI Appellate Tribunal) passed an order upholding Adjudication order passed by SEBI imposing a penalty of Rs 6 lakhs for certain violations of SEBI & SAST Regulations. The company has paid the said penalty incorporating under other expenses in the Statement of Profit and loss for year ended 31/03/2015

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Mar 31, 2014

1.CORPORATE INFORMATION

Shree Surgovind Tradelink Limited ("the Company") was incorporated in India on 26th October, 1995 and is business of traders, exporters, importers, cold storage lessors and refrigerating engineers, operators. Company has its registered office at Ahmedabad and the branch at Mumbai

2. Terms/rights attached to equity shares

The company has only one class of equity shares having a par value of 10 per share. Each holder of equity shares is entitled to one vote per share. The company declares and pays dividends if any in Indian rupees. The dividend proposed if any, by the Board of Directors is subject to the approval of the shareholders in the ensuing AGM.

In the event of liquidation of the company, the holders of equity shares will be entitled to receive remaining assets of the company, after distribution of all preferential amounts. The distribution will be in proportion to the number of equity shares held by the shareholders.

3. Additional Information to Secured/Unsecured Lond term borrowings

The tong term portion of term loans are shown under long term borrowings and the current maturities of the long term borrowing, if any are shown under the current liabilities as per the disclosure requirements of the Revised Schedule VI

4. Detail of Securities

The facility from Union Bank of India is secured by hypothecation of assets and personal guarantee of directors and relative of directors.

5. As per Note 5(i)(d) regarding general instructions for preparation of Statement of profit and loss, in respect of Interest Income, the same are reported above. Interest Incomes consists of interest accrued on time deposit made with banking companies in normal course of business

6. As per Note 5(i)(d) regarding general instructions for preparation of Statement of profit and toss, in respect of Employee benefits expenses , the details are classified as above. ESOP are not applicable to the company

7. As per Note 5(i)(c) regarding general instructions for preparation of Statement of profit and loss, in respect of Separate disclosures of Items which is in Excess of 156 of the revenue from operations or Rs. 1 lacs whichever is higher, the details are classified as above.

8. As per Note 5(i)(j) regarding general instructions for preparation of Statement of profit and loss, in respect of Separate disclosures of Items under broad heads, the details are classified as above.

9. As per Note 5(vi) regarding general instructions for preparation of Statement of profit and loss, in respect of Expenditures incurred on Payments made to the Auditors, the details are classified as above.

10. In accordance with Accounting Standard 11 (Revised) the net exchange toss debited to Profit a toss account is Rs. 11.04 lakhs (previous year gains Rs.73.41 lakhs)

11. As per Note 5(i)(e) regarding general instructions for preparation of Statement of profit and loss, in respect of Separate disclosures of Interest Expenses, the details are classified as above.

12. Contingent liabilities

31 March 2014 31 March 2013

a Bank Guarantee issued in favour of V M Oils (P) Ltd 76,51,030 170,000.00

b Letters of Credit outstanding - 29,971,458.00

c Claims against the company not acknowledged as debts 19,79,882

d Sub-Judices Matters with ROC, etc., (Refer Note 29 below)

13. The Income-tax assessments of the Company have been completed upto the accounting year ended 31.3.2011

14. The Company has a single segment namely "trading in spice & related other products", Therefore the company business does not fall under different segments as defined by AS-17-'Segment Reporting" issued by ICA1.

15. a)Case against the Former Directors of the company in 2002 by Registrar of Companies (ROC)

The case filed by the Registrar of Companies:

1 U7s. 63-Criminal Liability for misstatement in Prospectus;

2 U/s. 68-Penalty for fraudulently inducing persons to invest money

3 U/s. 628-Penalty for false statements.

The Company is of the Opinion that the cases are initiated against the former directors of the Company in the Year 2002 and not against the company.The penalty amount are not quantifiable as the matters are sub-judice.

b) Case against the Company / Directors by SEBI

Subsequent to the end of the year under review, SAT(SEBI Appellate Tribunal) passed an order upholding Adjudication order passed by SEBI imposing a penalty of Rs. 6,00,000/(Rupees Six Lacs Only) for certain violations of the SEBI & SAST Regulations. The company ha since paid the said penalty and the accounting effect of this Penalty payment will be given in the financial statements for the year ending 31st March, 2015.

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Mar 31, 2012

1.1 Additional information to Secured/Unsecured Long term borrowings

The long term portion of term loans are shown under long term borrowings and the current maturities of the long term borrowing, if any are shown under the current liabilities as per the disclosure requirements of the Revised Schedule VI

1.2 Detail of Securities

The facility from Union Bank of India is secured by hypothecation of assets and personal guarantee of directors

Notes Defered Tax liabilities (Net)

Defered Tax Liability for the period ended March 31,2012 has been provided on the estimated tax compute-

In accordance with Accounting Standard 11 (Revised) the net exchange loss debited to Profit & loss account is Rs. 18.82 lakhs (previous year gains Rs 41.87 lakhs)

2 Disclosure in accordance with Accounting Standard-18 Related Party Transaction

A Names of Related Parties & Nature of Relationship

i Names of Related Parties Nature of Relationship

V.S . Healthcare Proprietorship of Relative of one of the directors

Khushbu Impex Proprietorship of Relative of one of the directors

Rajankumar & Bros (Impex) Partnership of relative of one of the directors

ii Key Management personnel

Navin Madhavji Mehta Director

Upendra J. Sheth Director

Suresh Patel Director

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Mar 31, 2010

1) Estimated amount of contracts remaining to be executed on capital account and not provided for Rs. Nil.

2) CONTINGENT LIABILITY

There is no contingent liability against the company as on 31.03.2010.

3) FOREIGN CURRENCY TRANSACTIONS

Transactions in foreign exchange, if any, are accounted at the exchange rates prevailing on the date of transaction. Gains and losses arising out of subsequent fluctuations are accountec for on actual payments / realization. Current assets and Liabilities if any at the end of the year are restated at the rate prevailing on the date of Balance Sheet. The difference between the rate on the Balance Sheet Date and the exchange rate at the date of transaction while accounting is recognized as income or expenses in the profit and loss account.

Reporting currency of the company is Indian Rupees.

4) INVESTMENT

Investments at the year-end have been physically verified, valued and certified by the Directors and the same have accordingly been included in the Balance Sheet.

5) Balance with Sundry Debtors, Advance to Suppliers, Creditors & Loans and advances are subject to confirmation and reconciliation. No provision for amounts not realizable has been made in the books of accounts.

6) In the opinion of the Directors and to the best of their knowledge and belief, the value on realisation of loans and advances and current assets, in the ordinary course of business, will not be less than the amount at which they are stated in the Balance sheet.

7) There are no directors or employees who are drawing Rs. 24,00,000 or more p.a. or Rs. 2,00,000 per month if employed for a part of-the year as per section 217 (1-A) of the Companies Act, 1956.

8) Major Component of accumulated Deferred Tax Liabilities is given below: -

9) To the extent of information available to the Company, it does not owe any sum to micro, small and medium enterprise.

10) Disclosures as per Accounting Standard - 18 "Related Party Transactions" are as follows:-

a) Related Party Disclosure:

i) Subsidiaries of the Company Nil

ii) Other Relate parties Nil

iii) Key Management Personnel Mr.Sureshbhai K Patel

Mr. Navin M Mehta

Total outstanding as on 31st March 2010 Receivable from a firm in which director is interested:

Rajankumar & Bros. (Impex) -Rs 94,964.00

Total outstanding payable as on 31st March 2010 to a firm in which director is interested:

11) Disclosure of Segment Reporting as per Accounting standard - 17 issued by the Institute of Chartered Accountants of India.

The Company operates in one business segment only i.e. trading in spices & other products, there are no other identified reportable segment as per AS - 17 "Segment Reporting".

12) Disclosure of Impairment of Assets as per Accounting standard - 28 issued by the Institute of Chartered Accountants of India.

As required by the Accounting Standard (AS 28) "Impairment of Assets" issued by the ICAI, as informed to us, the company has not carried out the of impairment of assets. There has been no impairment loss during the year.

13) Figures are rounded off to the nearest rupees.

14) Previous years figures are regrouped and rearranged wherever necessary to conform to the current year presentation.