Notes to Accounts of Shiv Texchem Ltd.

Mar 31, 2025

XV. Provisions

A provision is recognized when the company has a present obligation as a result of past event i.e., it is probable
that an outflow of resources embodying economic benefits will be required to settle the obligation in respect of
which a reliable estimate of the amount of the obligation can be made.

Provisions are not discounted to their present value and are determined based on best estimate required to settle
the obligation at the balance sheet date. These are reviewed at each reporting date and adjusted to reflect the
current best estimates. If it is no longer probable that an outflow of resources would be required to settle the
obligation, the provision is reversed.

XVI. Contingent Liabilities

Contingent liabilities are disclosed when there is a possible obligation 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 w ithin 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 or a reliable estimate of the amount cannot be
made.

iii) AS 28: IMPAIRMENT OF ASSETS

As at March 31, 2025 the company has reviewed the future earnings of all the cash generating units in accordance with the
Accounting Standard 28 “Impairment of Assets”. As the carrying amount of assets does not exceed the future recoverable
amount, consequently, no adjustment to carrying amount of assets is considered necessary by the Management.

NOTE 29:

Previous year’s figures have been regrouped/ rearranged/ reclassified wherever necessary to conform to this year''s presentation.
Additional Regulatory information:

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

b. The company has no transactions during the year with companies struck off under section 248 of the Companies Act, 2013
or section 560 of Companies Act, 1956,

c. There were no registration of charges or satisfaction which is yet to be registered with Registrar of Companies beyond the
statutory period.

d. The Company does not have any Benami property, where any proceeding has been initiated or pending against the
company for holding any Benami Property.

e. The company does not have any such transaction which is not recorded in the books of accounts that has been surrendered
or disclosed as income during the year in the tax assessments under the Income Tax Act, 1961.

f. The Company has complied with the number of layers prescribed under clause (87) of section 2 of the Act read with the
Company (restriction on number of Layers) Rules, 2017.

g. The company has not declared willful defaulter by the bank of financial institution or government or any government
authority.

h. The title deed of all the immovable properties is held in the name of companies.

For: SUNDERLAL DESAI & KANODIA For: SHIV TEXCHEM LIMITED

CHARTERED ACCOUNTANTS (Formerly known as Shiv Texchem Private Limited)

FRN NO: 110560W

SD/- SD/- SD/-

Mukul B. Desai (Vikas Pavankumar) (Hemanshu Chokhani)

Partner Whole Time Director and Whole Time Director and

Mem. No. 033978 Managing Director Chief Financial Officer

DIN No. 00323118 DIN No.00217029

SD/-

Place: MUMBAI (Dinky Jain)

Dated: 23^rd May, 2025 Company Secretary and Compliance officer

Membership No: 59546