Notes to Accounts of RRP Semiconductor Ltd.

Mar 31, 2025

23 i. Non-current assets

All non-current assets, if any, of the company are located in India.

ii Going Concern-

The annual financial statement have been prepared on the basis of accounting policies applicable to a going

iii Events after the reporting period-

There are no events after the balance sheet date that require disclosure except as follows:

The Company has entered into a sub-contract agreement for supply and Installation of solar panels with M/s.
Telecrown Infratech Pvt Ltd (the ‘Principal Contractor”). Accordingly, in the quarter ended 31st December
2024, there were a work execution of Rs. 14.82 Crores Taxes. Due to contractual disagreements company has
decided not to execute further order. And company has decided reverse part of revenue booked quarter ended
31st December 2024.

However, the Company has already spent Rs. 3.72 Crores Taxes for site preparation and other contractual
requirement. Further, there was purchase of necessary material from M/s Total Solar Technologies Pvt Ltd
amounting to Rs. 5.2 Crores Taxes. However the Company has returned and reversed such purchase of
material from M/s Total Solar Technologies Pvt Ltd.

The Company till the satisfactory resolution of the commercial issues with the Principal Contractor decides to
reverse revenue upto Rs. 8 Crores taxes and will continue to attempt to recover balance amount from the
Principal contractor which would recover actual cost incurred by the Company and amount of time, resources
and efforts spent by the Company.

iv Change in shareholding by more than 50% -

74.5% shareholding of the company was changed during the year.

(iii) Compliance with approved scheme(s) of arrangements: The Company has not entered into any
scheme of arrangement which has an accounting impact on current or previous financial year.

(iv) Undisclosed income: There is no income surrendered or disclosed as income during the current or
previous year in the tax assessments under the Income Tax Act, 1961, that has not been recorded in
the books of account

There is no loans or advances in the nature of loans are granted to promoters, directors, KMPs and

(v) the related parties during the year except as disclosed in the related party transactions schedules and
the same are given for the purpose of business.

Compliance with number of layers of companies: Clause not applicable due to no layer of

(_vi) companies held by company.

The Company has not been declared as a Wilful Defaulter by any bank or financial institution or

_(vii) government or any government authority

(viii) Where the Company has borrowings from banks or financial institutions on the basis of
security of current assets, it shall disclose the following:- No such borrowing taken by company
from bank or financial institutions on the basis of security of current assets

(ix) Details of crypto currency or virtual currency: The Company has not traded or invested in crypto
currency or virtual currency during the current or previous year

(x) There are no immovable properties possessed by the Company.

Note 25 Additional regulatory information required by Schedule III of Companies Act, 2013

(xi) The figures have been rounded off to the nearest lakhs of rupees upto two decimal places. The figure 0.00
wherever stated represents value less than Rs. 1,000/-.

^(xii) The Company does not have any transactions with struck-off companies.

(xiii) Note No. 1 to 25 form integral part of the Standalone Balance Sheet and Standalone Statement of Profit
and Loss

For PAMS & Associates For and on behalf of the Board of Directors of

Chartered Accountants RRP Semiconductor Limited

Firm Regd. No. 316079E

Sd/- Sd/- Sd/-

CA Manoranjan Mishra Ramesh Mishra Sumita Mishra

Partner Director Director

Membership No-063698 DIN-00206671 DIN- 00207928

Sd/-

Place - Mahape, Thane Sejal Patel (A75733)

Date : 30-05-2025 Company Secretary

Date: 30-05-2025

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Mar 31, 2024

a.) Terms/Rights attached to equity shares

The Company has only one class of equity shares having par value of Rs. 10per share. Each holder of equity share is entitled to one vote per equity share. The dividend proposed by the Board ofDirectors, if any, is subject to the approval of the shareholders in the ensuing Annual General Meeting, except in caseof interim dividend. Inthe event of liquidation, the equity shareholders are eligible to receive the remaining assetsof the Company after distribution of all preferential amounts, in proportion to their shareholding.

As per the Companies Act, 2013, the holders of equity shares will be entitled to receive remaining assets of the Company, after distribution of all preferential amounts in the event of liquidation of the Company. The distribution will be in proportion to the number of equity shares held by the shareholders

c) There are no shares reserved for issue under options and contracts / commitments for the sale of shares / disinvestment.

d) There is no dividend paid or proposed during the year and during the previous year.

d) No additional shares were allotted as fully paid up by way of bonus shares or pursuant to contract without payment being received in cash during the period. Further, none of the shares were bought back by the Company during the period.

13 Contingent Liabilities and Capital Commitment

(i) There is no contingent liabilities as at 31st March, 2024.

(ii) Capital Commitments

There is no capital commitments as at 31st March, 2024

Capital Risk Management

The Company manages its capital to ensure that the Company will be able to maintain an optimal capital structure so as to support its businesses and maximise shareholder value. To achieve this objective, the Company may make adjustments to the capital structure in view of changes in economic conditions, such as adjusting the amount of dividend payment, returning of capital to shareholders or issuing new shares.

16 i. Non-current assets

All non-current assets of the company are located in India.

ii Going Concern-

The annual financial statement have been prepared on the basis of accounting policies applicable to a going concern.Company incurred a net loss of Rs. 1.70 /- lacs for the year ended 31st March 2024, as of that date, the Company Total Liabilities exceeded its Total assets as on 31st March, 2024. As per Financial Statement these events or conditions, indicate that a material uncertainty exists that may cast significant doubt on the Company’s ability to continue as a going concern.

iii Events after the reporting period-

There are no events after the balance sheet date that require disclosure.

iv Change in shareholding by more than 50% -

74.5% shareholding of the company was changed during the year.

Note 18 Additional regulatory information required by Schedule III of Companies Act, 2013

(i) Details of Benami property: No proceedings have been initiated or are pending against the Company for holding any Benami property under the Benami

(ii) Utilisation of Borrowed funds and share premium: The Company has not advanced or loaned or invested funds to any other person(s) or entity(ies), including foreign entities (Intermediaries) with the understanding that the Intermediary shall:

(i) directly or indirectly lend or invest in other persons or entities identified in any manner whatsoever by or on behalf of the company (Ultimate Beneficiaries) or

(ii) provide any guarantee, security or the like to or on behalf of the Ultimate Beneficiaries;

(i) directly or indirectly lend or invest in other persons or entities identified in any manner whatsoever by or on behalf of the Funding Party (Ultimate Beneficiaries) or

(ii) Provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries, the company shall disclose the following:-_

(iii) Compliance with approved scheme(s) of arrangements: The Company has not entered into any scheme of arrangement which has an accounting impact on current or previous financial year.

(iv) Undisclosed income: There is no income surrendered or disclosed as income during the current or previous year in the tax assessments under the Income Tax Act, 1961, that has not been recorded in the books of account

(v) There is no loans or advances in the nature of loans are granted to promoters, directors, KMPs and the related parties during the year.

(vi) Compliance with number of layers of companies: Clause not applicable due to no layer of companies held by company.

(vii) The Company has not been declared as a Wilful Defaulter by any bank or financial institution or government or any government authority

(viii) Where the Company has borrowings from banks or financial institutions on the basis of security of current assets, it shall disclose the following: - No such borrowing taken by company from bank or financial institutions on the basis of security of current assets

(ix) Details of crypto currency or virtual currency: The Company has not traded or invested in crypto currency or virtual currency during the current or previous year

(x) There are no immovable properties possessed by the Company.

(xi) The figures have been rounded off to the nearest lakhs of rupees upto two decimal places. The figure 0.00 wherever stated represents value less than ''

1,000/-.

^(xii) The Company does not have any transactions with struck-off companies.

(xiii) Note No.1 to 18 form integral part of the Standalone Balance Sheet and Standalone Statement of Profit and Loss

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Mar 31, 2014

1 The Company operates only in one business segment viz.trading in shares & securities. Further, there are no geographical segments. Hence, no disclosure are required under Accounting standard 17 on segment Reporting prescribed by Companies (Accounting Standards) Rules, 2006.

2 Related parties

(i) Names of Key management personnel

Director - Mr. Shekhar Somani

(ii) Individuals owning, directly or indirectly, an interest in the voting power of the reporting enterprise that gives them control or significant influence over the enterprise, and relatives of any such individual.

Mr.Shekhar Somani

(iii) Other enterprises where Key management personnel exercise significant influence.

Ceres Company Private Limited

Shree Vindhya Paper Mills Limited

3 No contract on capital account remains to be executed.

4 There are no amounts payable to Small Scale Industrial Undertaking to whom the company owes a sum exceeding Rs. 1 lac which is outstanding for more than 30 days.

5 Managerial Remuneration paid to Directors Rs. NIL during the year.

6 Certain debit/credit balances in the accounts are subject to cofirmation.

7 In the opinion of the Board, the Current Assets, Loans & advances are approximately of the value stated if realised in ordinary course of business. The provision of all known liabilities is adequate and not in excess of the amount reasonably necessary.

8 Expenditure in Foreign Currency during the year amounted to Rs.NIL/- for Travelling & other expenses (Previous Year Rs. NIL).

9 Earning in Foreign Currency during the year amounted to Rs. NIL of Export of Services (Professional charges in connection with outsourced research on Indian companies) (Previous Year Rs. NIL).

10 Figures have been rounded off to the nearest rupees.

11 There has been a diminution in the value of long term quoted investments to the extent of Rs.7,40,70,921/-(P.Y. Rs. 7,40,70,921/-). No provision has been made for the same since in the opinion of the management the diminution if any will be accounted at the time of final settlement of the investments.

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Mar 31, 2013

1.1.1 The Company operates only In one business segment v1z.trading 1n shares & securities. Further, there are no geographical segments. Hence, no disclosure are required under Accounting Standard 17 on segment Reporting prescribed by Companies (Accounting Standards) Rules, 2006.

1.1.2 Related parties

(I) Names of Key management personnel

Director - Mr. Shekhar Somani

(II) Individuals owning, directly or indirectly, an interest in the voting power of the reporting enterprise that gives them control or significant influence over the enterprise, and relatives of any such individual.

Mr. Shekhar Somani

(ill) Other enterprises where Key management personnel exercise significant influence.

Ceres Company Private Limits

Shree Vindhya Paper Mills Limited .

1.1.3 No contract on capital account remains table executed.

1.1.4 There are no amounts payable to Small Scale industrial Undertaking to whom the company owes a sum exceeding Rs. 1 ac which is outstanding for more than 30 days. .

1.1.5 Managerial Remuneration paid to Directors Rs.NIL during the year.

1.1.6 Certain debit/credit balances in the accounts are subject to confirmation.

1.1.7 In the opinion of the Board, the Current Assets, Loans & advances are approximately of the value stated if realized in ordinary course of business. The provision of all known liabilities is adequate and not in excess of the amount reasonably necessary.

1.1.8 Expenditure in Foreign Currency during the year amounted to Rs.NIL/- for Travelling & other expenses(Prev1ous Year Rs.N1L).

1.1.9 Earning in Foreign Currency during the year amounted to Rs.NIL of Export of Services (Professional charges in connection with outsourced research on Indian companies) (Previous Year Rs.NIL).

1.1.10 Figures have been rounded off to the nearest rupees.

1.1.11. There has been a diminution In the value of long term quoted investments to the extent of Rs.7,40,70,921/-(P.Y. Rs. 7,40,70,921/-). No provision has been made for the same since in the opinion of the management the diminution if any will be accounted at the time of final settlement vestments.

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Mar 31, 2012

1.1.1 The Company operates only in one business segment viz. trading in shares & securities. Further, there are no geographical segments. Hence, no disclosure are required under Accounting Standard 17 on segment Reporting prescribed by Companies (Accounting Standards) Rules, 2006.

1.1.2 Related parties

(i) Names of Key management personnel

Director - Mr. Shekhar Somani

(ii) Individuals owning, directly or indirectly, an interest in the voting power of the reporting enterprise that gives them control or significant influence over the enterprise, and relatives of any such individual.

Mr. Shekhar Somani

(iii) Other enterprises where Key management personnel exercise significant influence.

Ceres Company Private Limited

Shree Vindhya Paper Mills Limited

1.1.3 No contract on capital account remains to be executed.

1.1.4 There are no amounts payable to Small Scale Industrial Undertaking to whom the company owes a sum exceeding Rs. 1 #ac which is outstanding for more than 30 days.

1.1.5 Managerial Remuneration paid to Directors Rs. NIL during the year.

1.1.6 Certain debit/credit balances in the accounts are subject to confirmation.

1.1.7 In the opinion of the Board, the Current Assets, Loans & advances are approximately of the value stated if realised in ordinary course of business. The provision of all known liabilities is adequate and not in excess of the amount reasonably necessary.

1.1.8 Expenditure in Foreign Currency during the year amounted to Rs. NIL/- for Traveling & other expenses(Previous Year Rs. NIL).

1.1.9 Earning in Foreign Currency during the year amounted to Rs. NIL of Export of Services (Professional charges in connection with outsourced research on Indian companies) (Previous Year Rs. NIL).

1.1.10 Figures have been rounded off to the nearest rupees.

1.1.11. There has been a diminution in the value of long term quoted investments to the extent of Rs. 7,40,70,921/-(P.Y. Rs. 7,40,70,921/-). No provision has been made for the same since in the opinion of the management the diminution if any will be accounted at the time of final settlement of the investments.

1.1.12 Loans and Inter-corporate deposits given include- loans given to Shree Vindhya Paper Mills Ltd. Rs. 2,94,12,416/- (P.Y Rs. 2,98,94,499/-) in which relatives of director are director

1.1.13. Contingent liability not provided in respect of Preference Dividend amounting to Rs. NIL/- P.Y. (66,00,000/-). During the year, Board of directors has amended the terms of payment of dividend in respect of Preference shares.

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Mar 31, 2011

Notes annexed to and forming part of Balance Sheet as at and Profit & Loss Account for the year ended 31st March 2011:-

1. Contingent liability not provided in respect of Preference Dividend amounting to Rs 66,00,000/- P.Y.(60,50,000/-)

2. Some of the balances of debtors, creditors, loans and advances and deposits, given and taken are subject to confirmation.

3. In the opinion of the Board, the current assets, loans and advances have the value, at which they are stated in the balance sheet, if realised in the ordinary course of business. Provision or all known liabilities made are adequate and not in excess of the amount reasonably required.

4. There has been a diminution in the value of long term quoted investments to the extent of Rs7,40,70,921/- (P.Y. Rs. 7,40,70,921/-). No provision has been made for the same since in the opinion of the management the diminution is on account of temporary market feature and the said investments are not intended to be traded.

5. Loans and Inter-corporate deposits given includes loans given to Shree Vindhya Paper Mills Ltd. Rs.2,98,82,725/- (P.Y Rs. 2,98,82,725/-) in which relatives of director are director.

6. Related Party Disclosure pursuant to Accounting Standard - 18;

A) List of Related Parties whose the Company has entered into transaction during the year.

1. Key Management Personnel & Relatives of Key Management Personnel Mr. Sanjay Somani, Director

Mr. Shekhar Somani Mr. Vinod Mimani

2. Associates

Ceres Company Pvt. Limited Shree Vindhya Paper Mills Limited Shekhar Somani, HUF Hotel Empire Ltd.

7. In view of time limitations on carry forward losses and as a matter of prudence Deferred tax Assets arising on account of brought forward losses and unabsorbed depreciation under tax laws has not been recognised.

8. Earning per share (EPS) computed in accordance with Accounting Standard 20: "Earning Per Share"

The Company does not have any outstanding dilutive potential equity shares consequently for basic and diluted earnings per share of the Company remains the same.

9. Figures of previous year have been regrouped, recast and wherever necessary.

10. Additional information pursuant to the provision of Part II of Schedule - VI of the Companies Act, 1956:

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Mar 31, 2009

Notes annexed to and forming part of Balance Sheet as at and Profit &Loss Account for the year ended 31 st March 2009:-

1.Contingent liability not provided in respect of Preference Dividend amounting to Rs 55,00,000,-P.Y.(49,50,000/-).

2.Some of the balances of debtors,creditors,loans and advances and deposits,given and taken are subject to confirmation.

3 In the opinion of the Board,the current assets,loans and advances have the value,at which they are stated in the balance sheet,if realised in the ordinary course of business.Provision or all known liabilities made are adequate and not in excess of the amount reasonably required.

4.There has been a diminution in the value of long term quoted investments to the extent of Rs7,40,70,92.1/-(P.Y.Rs.7,40,70,921/-).No provision has been made for the same since iu iiic opinion of the management ,the diminution is on acuouui uf temporary market feature and the said investments are not intended to be traded.

5.Loans and Inter-corporate deposits given includes loans given to Shree Vindhya Paper Mills Ltd.Rs.2,87,88,916/-(P.Y Rf 2,52,29,491 -!in which relatives of director are director

6 Related Party Disclosure pursuant to Accounting Standard -18; A)List of Related Parties whose the Company has entered into transaction during the year

1 Key Management Personnel &Relatives of Key Management Personnel

Mr N K.Somani.Director

Mr Shekhar Somani

Mr Vinod Mimani

2 Associates

Ceres Company Pvt Limited

Shrce Vindhya Paper Mills Limited,

Shekhar Somani,HUF

7 In view of time limitations on carry forward losses and as a matter of prudence Deferred tax Assets arising on account of brought forward losses and unabsorbed depreciation under tax laws has not been recognised

9 No provision has been made in respect of Sundry Debtors of Rs 6,00,000/- which was outstanding since long As in the opinion of the management the same is still considered good .

10.Since company has not having any employee hence are not liable for fringe benefit tax and hence no provision for the same is being made.

11.Figures of previous year have been regrouped,recast and redassified wherever necessary.

12.Addition & informationpursuant to the provision of Part II of Schedule -VI of the Companies Act,1956: