Notes to Accounts of Siddhika Coatings Ltd.

Mar 31, 2025

b) Rights, preferences and restrictions attached to equity shares Equity shares

The Company has only one class of equity shares having the par value of Rs 10 per share. Each holder of equity share is entitled to one vote per share.

In the event of liquidation of the Company, the holder 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.

As per records of the Company, including its register of shareholders/ members and other declarations received from shareholders regarding beneficial interest, the above shareholding represents both legal and beneficial ownership of shares.

d) 61,79,000 shares represents 30,89,500 shares issued as fully paid bonus shares of face value of INR 10 by utilisation of INR 3,08,95,000 from Securities Premium Reserve during the FY 2024-25. No shares were bought back over the last five years immediately preceding the reporting date.

35 Segment information Business segment

The Company''s business activity falls within a single business segment i.e. paint contracting and selling of paint and allied products. Therefore, segment reporting in terms of Accounting Standard 17 on Segmental Reporting is not applicable.

Geographical Segment

The Company operates within India and does not have operations in economic environments with different risks and returns. Hence, it is considered operating in single geographical segment.

36 Contribution to provident fund

The company makes to statutory provident fund in accordance with Employees Provident Fund and Miscellaneous Provision Act, 1952. This is post employment benefit and is in nature of defined benefit plan. Contribution made by the company during the year is INR 33,96,129/-(previous year: INR 35,82,359).

37 Contingent liabilities and capital commitments

Company has outstanding bank guarantee''s amounting to INR 61,25,399 (P.Y. 5,60,13,000/- inclusive of INR 40,99,792/- expired but not recd.) as on 31st March 2025. These bank guarantees are secured with 100% cash margin in the form of fixed deposits. There are no pending litigations against the Company and by the Company as at year end.

38 The Company does not have any long term contracts including derivative contracts for which there are any material foreseeable losses, as at March 31, 2025 and as at March 31, 2024

40 There has been no amounts which were required to be transferred to the Investor Education and Protection Fund by the Company as at March 31, 2025 and March 31, 2024.

41 Additional Regulatory Information

Additional Regulatory Information pursuant to Schedule III to the Companies Act, 2013, are given hereunder to the extent relevant and other than those given elsewhere in any other notes to the Financial Statements.

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

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

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

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

e There are no loans or advances in the nature of loans that are granted to promoters, directors, KMPs and the related parties (as defined under Companies Act, 2013), either severally or jointly with any other person, that are repayable on demand or without specifying any terms or period of repayment.

f 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:

(a) 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

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

g The Company has not received any fund from any person(s) or entity(ies), including foreign entities (Funding Party) with the understanding (whether recorded in writing or otherwise) that the Company shall:

(a) 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

(b) provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries,

h 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 (such as, search or survey or any other relevant provisions of the Income Tax Act, 1961.

i The Company is not a declared willful defaulter by any bank or financial Institution or other lender (as defined under the Companies Act, 2013) or consortium thereof, in accordance with the guidelines on willful defaulters issued by the Reserve Bank of India. j The title in respect of self-constructed buildings and title deeds of all other immovable properties (other than properties where the Company is the lessee and the lease agreements are duly executed in favour of the lessee), disclosed in the financial statements included under Property, Plant and Equipment are held in the name of the Company as at the balance sheet date. k Where the Company has no borrowings from banks or financial institutions on the basis of security of current assets. l There is neither any Capital work in progress nor there are any Intangible assets under development.

42 Prior period comparatives

Previous year''s figures have been regrouped / reclassified where necessary, to confirm to current year''s classification.

---

Mar 31, 2024

29 There is no foreign currency exposure of the Company at the year end.

30 Company has not received any revenue in foreign currency.

31 “Related Party Disclosures” as required under Accounting Standard-18 of Companies (Accounting Standards) Rules, 2006 are given below:

34 Segment information Business segment

The Company''s business activity falls within a single business segment i.e. paint contracting and selling of paint and allied products. Therefore, segment reporting in terms of Accounting Standard 17 on Segmental Reporting is not applicable.

Geographical Segment

The Company operates within India and does not have operations in economic environments with different risks and returns. Hence, it is considered operating in single geographical segment.

35 Contribution to provident fund

The company makes to statutory provident fund in accordance with Employees Provident Fund and Miscellaneous Provision Act, 1952. This is post employment benefit and is in nature of defined benefit plan. Contribution made by the company during the year is INR 35,82,359/- (previous year: INR 28,50,864).

36 Contingent liabilities and capital commitments

Company has outstanding bank guarantee''s amounting to INR 5,60,13,000/-(inclusive of INR 40,99,792/- expired but not recd.) as on 31st March 2024. These bank guarantees are secured with 100% cash margin in the form of fixed deposits. Moreover, company has also received a demand from GST Department of INR 7.25 Lac, however company has filed an appeal against the same. Other than this, there are no contingent liabilities or capital commitment at period end. There are no pending litigations against the Company and by the Company as at year end.

37 The Company does not have any long term contracts including derivative contracts for which there are any material foreseeable losses, as at March 31,2024

Lease payments recognised in the statement of profit and loss for the period for minimum lease payments

39 There has been no amounts which were required to be transferred to the Investor Education and Protection Fund by the Company as at March 31, 2024

40 Additional Regulatory Information

Additional Regulatory Information pursuant to Schedule III to the Companies Act, 2013, are given hereunder to the extent relevant and other than those given elsewhere in any other notes to the Financial Statements.

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

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

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

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

e There are no loans oradvances in the nature ofloans that are granted to promoters, directors, KMPs and the related parties (as defined under Companies Act, 2013), either severally orjointly with any other person, that are repayable on demand or without specifying any terms or period of repayment.

f 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:

(a) 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

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

g The Company has not received any fund from any person(s) or entity(ies), including foreign entities (Funding Party) with the understanding (whether recorded in writing or otherwise) that the Company shall:

(a) 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

(b) provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries,

h 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 (such as, search or survey or any other relevant provisions of the Income Tax Act, 1961.

i The Company is not a declared willful defaulter by any bank or financial Institution or other lender (as defined under the Companies Act, 2013) or consortium thereof, in accordance with the guidelines on willful defaulters issued by the Reserve Bank of India.

j The title in respect of self-constructed buildings and title deeds of all other immovable properties (other than properties where the Company is the lessee and the lease agreements are duly executed in favour of the lessee), disclosed in the financial statements included under Property, Plant and Equipment are held in the name of the Company as at the balance sheet date.

k Where the Company has no borrowings from banks or financial institutions on the basis of security of current assets.

l There is neither any Capital work in progress nor there are any Intangible assets under development.