Notes to Accounts of Shree Ram Proteins Ltd.

Mar 31, 2025

P. Provisions and contingent liabilities

Provisions are recognized when there is 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.

The expenses relating to a provision is presented in the Statement of Profit and Loss net of reimbursements, if any. lf the effect of the time
value of money is material, provisions are discounted using a current pre-tax rate that reflects, when appropriate, the risks specific to the
liability. When discounting is used, the increase in the provision due to the passage of time is recognized as a finance cost.

Contingent liabilities are possible obligations whose existence will only be confirmed by future events not wholly within the control of the
Company, or present obligations where it is not probable that an outflow of resources will be required or the amount of the obligation
cannot be measured with sufficient reliability.

Contingent liabilities are not recognized in the financial statements but are disclosed unless the possibility of an outflow of economic
resources is considered remote. Contingent liabilities and capital commitments disclosed are in respect of items which in each case are
above the threshold limit.

Q. Employee Benefits

(i) Short-term obligations

Liabilities for wages and salaries, including non-monetary benefits that are expected to be settled wholly within 12 months
after the end of the period in which the employees render the related service are recognised in respect of employees''
services up to the end of the reporting period and are measured at the amounts expected to be paid when the liabilities are
settled. The liabilities are presented as current employee benefit obligations in the balance sheet.

(ii) Other long-term employee benefit obligations

The liabilities for earned leave and sick leave that are not expected to be settled wholly within 12 months are measured as
the present value of expected future payments to be made in respect of services provided by employees up to the end of the
reporting period using the projected unit credit method. The benefits are discounted using the Government Securities (G-
Sec) at the end of the reporting period that have terms approximating to the terms of the related obligation. Re¬
measurements as a result of experience adjustments and changes in actuarial assumptions are recognised in the Statement
of Profit and Loss.

The obligations are presented as current liabilities in the balance sheet if the entity does not have an unconditional right to
defer settlement for at least twelve months after the reporting period, regardless of when the actual settlement is expected
to occur.

(iii) Post-employment obligations

The Company operates the following post-employment schemes:

(a) defined benefit plans such as gratuity; and

(b) defined contribution plans such as provident fund.

Gratuity obligations

The liability or asset recognised in the balance sheet in respect of defined benefit gratuity plans is the present value of the
defined benefit obligation at the end of the reporting period less the fair value of plan assets. The defined benefit obligation
is calculated annually by actuaries using the projected unit credit method.

The present value of the defined benefit obligation is determined by discounting the estimated future cash outflows by
reference to market yields at the end of the reporting period on government bonds that have terms approximating to the
terms of the related obligation.

The net interest cost is calculated by applying the discount rate to the net balance of the defined benefit obligation and the
fair value of plan assets. This cost is included in employee benefit expense in the Statement of Profit and Loss.

Re-measurement gains and losses arising from experience adjustments and changes in actuarial assumptions are
recognised in the period in which they occur, directly in other comprehensive income. They are included in retained
earnings in the statement of changes in equity and in the balance sheet.

Changes in the present value of the defined benefit obligation resulting from plan amendments or curtailments are
Recognised immediately in profit and loss as past service cost.

Defined Contribution Plans

The Company pays provident fund contributions to publicly administered provident funds as per local regulations. The
Company has no further payment obligations once the contributions have been paid. The contributions are accounted for as
defined contribution plans and the contributions are recognised as employee benefit expense when they are due. Prepaid
contributions are recognized as an asset to the extent that a cash refund or a reduction in the future payments is available.

R. Earnings Per Share

(i) Basic earnings per share

Basic earnings per share is calculated by dividing:

- the profit attributable to owners of the Company

- by the weighted average number of equity shares outstanding during the financial year, adjusted for bonus elements in
equity shares issued during the year and excluding treasury shares.

(ii) Diluted earnings per share

Diluted earnings per share adjust the figures used in the determination of basic earnings per share to take into account:

- the after income tax effect of interest and other financing costs associated with dilutive potential equity shares, and

- the weighted average number of additional equity shares that would have been outstanding assuming the conversion of all
dilutive potential equity shares"

Note: 31 Additional resulatorv information
31.1: Details of Benami fPronertv)fies)held

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

31.2: Security of current assets against borrowings

The Company is having borrowings from banks or financial institutions against which security of current assets is given. The Company has not
compiled the requisite information under this clause

31.3: Details of Wilful Default

The Company has not been declared as a wilful defaulter by any bank or financial institution, in accordance with theguidance on wilful defaulters issued by
Reserve Bank of India.

31.4: Relationship with struck off companies

The Company does not have any transactions with struck-off companies.

31.5: Delay in registration/satisfication of charges with Registrar of Companies

The Company does not have any charges or satisfaction which is yet to be registered with ROC beyond the statutory period.

31.6: Compliance with number of layers of companies

The Company does not have subsidiary company, hence the compliance regarding with the number of layers of Companies as prescribed under clause (87) )f
section 2 of the Act read with Companies (Restriction on number of Layers) Rules, 2017, is not applicable to the Company

Reason for change for more than 25%

Change in ratio is not relevant in current year as company does not have any business opertion in current financial year
Note: 32 Fair Value Measurements
Accounting classification and fair values

The following table shows the carrying amounts and fair values of financial assets and financial liabilities, including their levels in the fair value
hierarchy. It does not include fair value information for financial assets and financial liabilities if the carrying amount is a reasonable approximation of
fair value.

(B) FAIR VALUE HEIRARCHY

Fair value is the amount for which an asset could be exchanged, or a liability settled between knowledgeable willing parties in an arm''s length
transaction. The Company has made certain judgment and estimates in determining the fair values of the financial instruments that are

(a) recognised and measured at fair value and

(b) measured amortized cost and for which fair values are disclosed in the financial statements.

T o provide an indication about the reliability of the inputs used in determining fair value, the company as classified the financial instruments into
three levels prescribed under the accounting standard. An explanation of each level is as follows:

Level 1: Level 1 of hierarchy includes financial assets that are measured by reference to quoted prices (unadjusted) in
active markets for identical assets or liabilities

Level 2: Level 2 hierarchy includes financial instruments that are not traded in an active market is determined using-valuation techniques which
maximize the use of observable market data and rely as little as possible on entity-specific estimates.

Level 3: lf one or more of the significant inputs is not based on the observable market data, the instrument is included in Level 3 hierarchy

(C) VALUATION TECHNTQUES

Specific valuation techniques used to value financial instruments include

- the use of quoted market prices for mutual funds

- the fair value of the remaining financial instruments is determined using discounted cash flow analysis or such other acceptable valuation
methodology, wherever applicable

There are no items in the financial instruments, which required level 3 valuation.

Note: 33 Capital Management

The Company policy is to have robust financial base so as to maintain outsider''s confidence and to sustain future development of the business.
Management monitors the return on capital, as well as level of dividends to equity shareholders. The Company monitors capital using a ratio of
"adjusted net debt" to "equity". For this purpose, adjusted net debt is defined as total liability, Comprising interest-bearing loans and borrowing,
less cash and cash equivalents. Total Equity includes the share capital, other equity.

Note: 34 Financial Risk Management

The Company''s business activities are exposed to a variety of financial risks, viz liquidity risk, market risk and credit risk. The Management
of the Company has the overall responsibility for establishing and governing the Company''s risk policy framework. The risk management
policies are formulated after the identification and analysis of the risks and suitable risk limits and controls are set which are monitored &
reveiwed periodically. The changes in the market conditions and allied areas are accordingly reflected in the changes of the policy. The key
risks and mitigating actions are placed before the Audit Committee of the Company who then evaluate and take the necessary corrective
action. The sources of risk, which the Company is exposed to and how the Company manages these risks with their impact on the Financial
Statements is given below:

[A] Credit risk

Credit risk is the risk of financial loss to the Company if the counterparty fails to meet its contractual obligations. The Company
isexposed to credit risk from its operating activities (primarily trade receivables). However, the credit risk on account of
financing activities, i.e., balances with banks is very low, since the Company holds all the balances with approved bankers only.

Trade receivables

Credit risk is managed through credit approvals, establishing credit limits and continuously monitoring the customers outstandingbalances
to which the Company grants credit terms in the normal course of business. Concentration of credit risk with respect to trade receivables
are limited, as the Company''s customer base is large, reputed and having good credit credentials as well as thatthey are long standing
customers. All trade receivables are reviewed and assessed for default on a quarterly basis. Historical experience of collecting receivables
of the Company is supported by low level of past default and hence the credit risk is perceived to be low.

[B] Liquidity risk

Liquidity risk is the risk the Company faces in meeting its obligations associated with its financial liabilities. The Company''s approach in
managing liquidity is to ensure that it will have sufficient funds to meet its liabilities when due without incurring unacceptable losses.
In doing this, Management considers both normal and stressed conditions.

Maturities of financial liabilities

The below table analyses the Company''s financial liabilities into relevant maturity groupings based on their contractual maturities. The
amounts disclosed in the table are contractual undiscounted cash flows, balances due within 12 months equal their carrying balances as
the impact of discounting is not significant.

[C] Market risk (Rs. In Lacs)

The Company''s size and operations result in it being exposed to the following market risks that arise from its use of financialinstruments:

• Currency risk; and

• Interest rate risk

The above risks may affect the Company''s income and expenses, or the value of its financial instruments.

(i) Foreign currency risk

The Company is subject to the risk that changes in foreign currency values impact the Company''s exports revenue and imports of raw
material. The risk exposure is with respect to various currencies viz. USD. The risk is measured through monitoring the net exposure to
various foreign currencies and the same is minimized to the extent possible.

(a) Foreign currency risk exposure

The Company does not have any exposure to foreign currency risk at the end of the reporting period.

(b) Foreign currency sensitivity analysis

The sensitivity of profit and loss to changes in the exchange rates arises mainly from foreign currency denominated financial instruments.
As the Company’s exposure to foreign currency is insignificant, the overall exposure of foreign currency risk is not significant to the
operations of the Company.

(ii) Interest rate risk

Interest rate risk can be either fair value interest rate risk or cash flow interest rate risk. Fair value interest rate risk is the risk of changes
in fair values of fixed interest bearing financial assets or borrowings because of fluctuations in the interest rates, if such assets /borrowings
are measured at fair value through profit or loss. Cash flow interest rate risk is the risk that the future cash flowsof floating interest bearing
borrowings will flucutate because of fluctuations in the interest rates.

(C) There are no provisions for doubtul debts or amounts written off or written back in respect ofdebts due to or due
from related parties.

(D) Related party relationship is as identified by the Company on the basis of information availablewith them and relied
upon by the Auditors.

sNote: 36 Segment Reporting

(a) Primary segment - Business Segment

The Company''s Operations fall under a single segment "Manufacturing & trading business of edibleoil and solvent extraction from
all types of agro products ". Hence, segment reporting is not applicable as per Indian Accounting Standard (AS) - 108 Operating
Segments.

(b) Secondary segment - Geographical Segment

Information of geographical segment:

1. Figures of previous reporting periods have been regrouped/reclassified wherever necessary tocorrespond with the
figures of the current reporting period.

2. The outstanding balance as on year end in respect of trade receivables, trade payables, loans andadvances and other
payables, and other receivables, if any, are subject to confirmation from respective parties and consequential reconciliation
and/or adjustments arising there from, if any. Management of the Company, however, does not expect any material variation.

3. According to the opinion of the management of the Company, the value of realization of trade andother receivables and
loans and advances given in the ordinary course of the business, if any, would not be less than the amount at which they are
stated in the balance sheet

As per our Report of even date For and on behalf of the Board of Directors

For H B Kalaria & Associates

Chartered Accountant sd/- sd/-

FRN: 104571W Lalitkumar Vasoya Piyush Vasoya

Chairman & Managing Director Non-Executive Director

DIN: 02296254 DIN: 06889294

sd/-

Hasmukh B Kalaria

Partner sd/- sd/-

Membership No.: 042002 Bhupendra Bhadani Krutial Parakhia

Company Secretary Chief Financial Officer

PAN: AGQPB2257C PAN: AXUPP7761Q

Rajkot, May 29, 2025

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Mar 31, 2021

The Company has only one class of equity shares having a par value of Rs.10 per share. Each shareholder is eligible for one vote per share. The dividend proposed by the Board of Directors is subject to the approval of shareholders, except in case of interim dividend. In the event of liquidation, the equity shareholders are eligible to receive the remaining assets of the Company, after distribution of all preferential amounts, in proportion of their shareholding.

18.1 The Company has requested the suppliers to give information about their status as Micro, Small and Medium Enterprises as defined under the MSMED Act, 2006. In the absence of this information, Company is unable to provide the details regarding the ovei dues to such

Estimated amount of contracts remaining to be excecuted on Capital Account (net of advance payment) Rs. Nil Lacs(previous year Rs.Nil).

Accounting classification and fair values

The following table shows the carrying amounts and fair values of financial assets and financial liabilities, including their levels in the fair value hierarchy. It does not include fair value information for financial assets and financial liabilities if the carrying amount is a reasonable approximation of fair value.

(B) FAIR VALUE HEIRARCHY

Fair value is the amount for which an asset could be exchanged, or a liability settled between knowledgeable willingparties in an arm’s length transaction. The Company has made certain judgements and estimates in determining thefair values of the financial instruments that are (a) recognised and measured at fair value and (b) measured at amortised cost and for which fair values are disclosed in the financial statements.

To provide an indication about the reliability of the inputs used in determining fair value, the Company as classified the financial instruments into three levels prescribed under the accounting standard. An explanation of each level is as follows:

Level 1: Level 1 of hierarchy includes financial assets that are measured by reference to quoted prices (unadjusted) in active markets for identical assets or liabilities

Level 2: Level 2 heirarchy includes financial instruments that are not traded in an active market is determined using valuation techniques which maximise the use of observable market data and rely as little as possible on entity- specific estimates.

Level 3: If one or more of the significant inputs is not based on the observable market data, the instrument is included in Level 3 heirarchy.

(C) VALUATION TECHNIQUES

Specific valuation techniques used to value financial instruments include

- the use of quoted market prices for mutual funds

- the fair value of the remaining financial instruments is determined using discounted cash flow analysis or such other acceptable valuation methodology, wherever applicable

There are no items in the financial instruments, which required level 3 valuation.

Note: 36 Capital Management

The Company policy is to have robust financial base so as to maintain outsider''s confidence and to sustain future development of the business. Management monitors the return on capital, as well as level of dividends to equity shareholders. The Company monitors capital using a ratio of "adjusted net debt" to "equity". For this purpose, adjusted net debt is defined as total liability, Comprising interest-bearing loans and borrowing, less cash and cash equivalents. Total Equity includes the share capital, other equity.

The Company’s business activities are exposed to a variety of financial risks, viz liquidity risk, market risk and credit risk. The Management of the Company has the overall responsibility for establishing and governing the Company’s risk policy framework. The risk management policies are formulated after the identification and analysis of the risks and suitable risk limits and controls are set which are monitored & reveiwed periodically. The changes in the market conditions and allied areas are accordingly reflected in the changes of the policy. The key risks and mitigating actions are placed before the Audit Committee of the Company who then evaluate and take the necessary corrective action. The sources of risk, which the Company is exposed to and how the Company manages these risks with their impact on the Financial Statements is given below:

[A] Credit risk

Credit risk is the risk of financial loss to the Company if the counterparty fails to meet its contractual obligations. The Company is exposed to credit risk from its operating activities (primarily trade receivables). However, the credit risk on account of financing activities, i.e., balances with banks is very low, since the Company holds all the balances with approved bankers only.

Trade receivables

Credit risk is managed through credit approvals, establishing credit limits and continuously monitoring the customers outstanding balances to which the Company grants credit terms in the normal course of business. Concentration of credit risk with respect to trade receivables are limited, as the Company’s customer base is large, reputed and having good credit credentials as well as that they are long standing customers. All trade receivables are reviewed and assessed for default on a quarterly basis. Historical experience of collecting receivables of the Company is supported by low level of past default and hence the credit risk is perceived to be low

[B] Liquidity risk

Liquidity risk is the risk the Company faces in meeting its obligations associated with its financial liabilities. The Company’s approach in managing liquidity is to ensure that it will have sufficient funds to meet its liabilities when due without incurring unacceptable losses. In doing this, Management considers both normal and stressed conditions

Maturities of financial liabilities

The below table analyses the Company’s financial liabilities into relevant maturity groupings based on their contractual maturities. The amounts disclosed in the table are contractual undiscounted cash flows, balances due within 12 months equal their carrying balances as the impact of discounting is not significant

[C] Market risk

The Company’s size and operations result in it being exposed to the following market risks that arise from its use of financial instruments:

• Currency risk; and

• Interest rate risk

The above risks may affect the Company’s income and expenses, or the value of its financial instruments.

(i) Foreign currency risk

The Company is subject to the risk that changes in foreign currency values impact the Company’s exports revenue and imports of raw material. The risk exposure is with respect to various currencies viz. USD. The risk is measured through monitoring the net exposure to various foreign currencies and the same is minimized to the extent possible

(b) Foreign currency sensitivity analysis

The sensitivity of profit and loss to changes in the exchange rates arises mainly from foreign currency denominated financial instruments. As the Company''s exposure to foreign currency is insignificant, the overall exposure of foreign currency risk is notsignificant to the operations of the Company

(ii) Interest rate risk

Interest rate risk can be either fair value interest rate risk or cash flow interest rate risk. Fair value interest rate risk is the risk of changes in fair values of fixed interest bearing financial assets or borrowings because of fluctuations in the interest rates, if such assets /borrowings are measured at fair value through profit or loss. Cash flow interest rate risk is the risk that the future cash flows of floating interest bearing borrowings will flucutate because of fluctuations in the interest rates

(C) ’here are no provisions for doubtul debts or amounts written off or written back in respect of debts due to or due from related parties. I

(D) Related party relationship is as identified by the Company on the basis of information available with them and reliedupon by the Auditors.

Note: 40 Segment Reporting

(a) Primary segment - Business Segment

The Company''s Operations fall under a single segment "Manufacturing & trading business of edible oil and solvent extraction from all types of agro products ". Hence, segment reporting is not applicable as per Indian Accounting Standard (AS) - 108 Operating Segments.

Note: 41

Figures of previous reporting periods have been regrouped/reclassified wherever necessary to correspond with the figures of the current reporting period.

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Mar 31, 2018

1. General Information

Shree Ram Proteins Limited (the ''Company⁷) is engaged in the business of edible oil and solvent extraction from all types of agro products. The Company is a public limited company and is listed on the NSE.

2. Rights, preferences and restrictions attached to shares Equity shares

The Company has one class of equity shares having a face value of Rs. 10 per share. Each shareholder Is eligible for one vote per share held. The dividend proposed by the Board of Directors is subject to the approval of the shareholders in the ensuing Annual General Meeting, except in case of interim dividend. In the event of liquidation, the equity shareholders are eligible to receive the remaining assets of the Company after distribution of all preferential amounts. In proportion to their shareholding.

3. Effect of deviation fn accounting standard(s)

The Company has not accounted for gratuity payable in accordance with the provisions of Accounting Standard-15 Employee Benefits in the previous year. An amount of Rs. 5,15,329 has been accounted for as prior period expenditure in the current reporting period.

4. Disclosures as required by the Micro, Small and Medium Enterprises Development Act, 2006 are as under

The Company has requested its suppliers to give information about their status as Micro, Small or Medium Enterprises as defined under the MSMED Act, 2006. In absence of this information, the Company Is unable to provide the details regarding the over dues to such enterprises.

5. Segment reporting

The Company operates under a single segment "Manufacture of Oil" and hence, segment reporting Is not applicable to the Company.

6. Employee benefits

In case of funded schemes, the funds are recognized by the Income tax authorities and administered through trustees. The Company''s defined contribution plans are Provident Fund (in case of certain employees), (under the provisions of the Employees'' Provident Funds and Miscellaneous Provisions Act, 1952). The Company has no further obligation beyond making the contributions to such plans. The Company''s only defined benefit plans is Gratuity.

7. Other Notes

1. Previous year''s figures have been regrouped/reclassified wherever necessary to correspond with the current year''s classification/disclosure.