Notes to Accounts of Shanthala FMCG Products Ltd.

Mar 31, 2025

16 Provision for Contingent Liabilities and Assets:

Provision for Contingent Liabilities and Assets Provisions
involving substantial degree of estimation in measurement
are recognised when there is a present obligation as a
result of past events and it is probable that there will be
an outflow of resources. Contingent Liabilities are not
recognised but are disclosed in the Notes. Contingent
Assets are neither recognised nor disclosed in the financial
statements.

17 Details of dues to micro, small and medium
enterprises as per Msmed act 2006:

Steps have been taken to identify the suppliers who qualify
under the definition of micro and small enterprises, as
defined under the Micro, Small and Medium Enterprises
Development Act 2006. Since no intimation has been
received from the suppliers regarding their status under
the said Act as at 31^st March 2023, disclosures relating to
amounts unpaid as at the year end, if any, have not been
furnished. In the opinion of the management, the impact of
interest, if any, that may be payable in accordance with the
provisions of the Act, is not expected to be material.

18 Previous year figures are re-grouped and re-classified
wherever necessary Figures in the bracket indicates figures
for the Previous Year.

19 In the absence of confirmations, the entries recorded in the
books of accounts have been relied upon, and therefore, such
balances are as per the books of accounts of the company.

20 In the opinion of the board, unless otherwise stated in the
Balance Sheet and schedules attached thereto, the current
assets and loans and advances as stated in the balance sheet
are approximately of the value realisable in the ordinary
course of business and provisions for all known liabilities for
the period have been made in the books of accounts of the
company.

21 The Company is small and medium sized company (SMC) as
defined in the General Instruction in respect of Accounting
Standards notified under the Act, Accordingly, the Company
has complied with the Accounting Standards as applicable to
a Small and Medium Sized Company.

22 According Polices not specifically referred to are consistent
with generally accepted Accounting Practices.

Note 3.5 : Details regarding number and class of shares for the period of five years immediately preceding March 31, 2025.

a) The company has not allotted any shares as fully paid-up without payment being received in cash.

b) The company has not bought back any of its shares.

Note 3.6 : Other Details regarding issue of shares:

There are no shares reserved for issue under options and contracts / commitments for the sale of shares. There are no securities
convertible into equity or preference shares. There are no calls unpaid on any shares. There are no forfeited shares.

The accompanying notes are an integral part of the Financial Statements

As per our report of even date attached For & On Behalf of the Board

For KALE MALDE & CO. SHANTHALA FMCG PRODUCTS LIMITED

Chartered Accountants (formerly known as Shanthala FMCG Products Private Limited)

Firm Regn No : 154422W

(CA. Laxman Kale) B Manjunath Mallya Shobitha Malya

Partner Chairman and Managing Director Director

Membership No : 110882 DIN : 06793251 DIN : 06793259

Date: 22/05/2025 Date: 22/05/2025 Date: 22/05/2025

Place: Dombivli Place: Kodagu Place: Kodagu

ICAI UDIN: 25110882BMLFVE8372

Yogish Mallya Snehal Bhagwat

Chief Financial Officer Company Secretary

Date: 22/05/2025 Date: 22/05/2025

Place: Kodagu Place: Mumbai

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Mar 31, 2024

16 Provision for Contingent Liabilities and Assets

Provision for Contingent Liabilities and Assets Provisions
involving substantial degree of estimation in measurement
are recognised when there is a present obligation as a result
of past events and it is probable that there will be an outflow
of resources. Contingent Liabilities are not recognised but
are disclosed in the Notes. Contingent Assets are neither
recognised nor disclosed in the financial statements.

17 Details of dues to micro, small and medium enterprises as
per MSMED act 2006:

Steps have been taken to identify the suppliers who qualify
under the definition of micro and small enterprises, as
defined under the Micro, Small and Medium Enterprises
Development Act 2006. Since no intimation has been
received from the suppliers regarding their status under
the said Act as at 31^st March 2024 disclosures relating to

amounts unpaid as at the year end, if any, have not been
furnished. In the opinion of the management, the impact of
interest, if any, that may be payable in accordance with the
provisions of the Act, is not expected to be material.

18 Previous year figures are re-grouped and re-classified
wherever necessary Figures in the bracket indicates figures
for the Previous Year.

19 In the absence of confirmations, the entries recorded in the
books of accounts have been relied upon, and therefore, such
balances are as per the books of accounts of the Company.

20 In the opinion of the board, unless otherwise stated in the
Balance Sheet and schedules attached thereto, the current

assets and loans and advances as stated in the balance sheet
are approximately of the value realisable in the ordinary
course of business and provisions for all known liabilities for
the period have been made in the books of accounts of the
Company.

21 The Company is small and medium sized company (SMC) as
defined in the General Instruction in respect of Accounting
Standards notified under the Act,. Accordingly, the Company
has complied with the Accounting Standards as applicable
to a Small and Medium Sized Company.

22 According Polices not specifically referred to are consistent
with generally accepted Accounting Practices

As per our report of even date For & On Behalf of the Board

For KALE MALDE & CO SHANTHALA FMCG PRODUCTS LIMITED

_{Chartered Accountants} (formerly known as SHANTHALA FMCG PRODUCTS PRIVATE LIMITED)

ICAI F.R.No. 154422W

(CA. Laxman Kale) B Manjunath Mallya Shobitha Malya

Partner Chairman and Managing Director Director

M.No. : 110882 DIN : 06793251 DIN : 06793259

Date: 27/05/2024 Date: 27/05/2024 Date: 27/05/2024

Place: Dombivli Place: Kodagu Place: Kodagu

ICAI UDIN: 24110882BKAKVL5145

Yogish Mallya Snehal Bhagwat

Chief Financial Officer Company Secretary

Date: 27/05/2024 Date: 27/05/2024

Place: Kodagu Place:- Mumbai