Notes to Accounts of Srivasavi Adhesive Tapes Ltd.

Mar 31, 2026

Securities for term loans

a) Vehicle loan of Rs.9.80 Lakhs (Previous year Rs.14.94 lakhs) from banks secured by hypothecation of vehicle.

b) Term loans from SIDBI amounting to 98.72 Lakhs (Previous year :- Nil) outstanding as at March 31, 2026, are secured by a first charge by way of hypothecation over the Company''s plant and machinery, equipment, tools, spares, solar panels, accessories and other assets financed under the respective loan schemes. The loans are further secured by lien on Term Deposit Receipts aggregating to ?26 lakh and are backed by personal guarantees of the promoters.

c) Term loans from SIDBI amounting to 100 Lakhs (Previous year :- Nil) outstanding as at March 31, 2026, are secured by a first charge by way of hypothecation over the Company''s plant and machinery, equipment, tools, spares, solar panels, accessories and other assets financed under the respective loan schemes. The loans are further secured by lien on Term Deposit Receipts aggregating to ?21 lakh and are backed by personal guarantees of the promoters.

d) Term loans from SIDBI amounting to 170.80 Lakhs (Previous year :- Nil) outstanding as at March 31, 2026, are secured by a first charge by way of hypothecation over the Company''s plant and machinery, equipment, tools, spares, solar panels, accessories and other assets financed under the respective loan schemes. The loans are further secured by lien on Term Deposit Receipts aggregating to ?44.25 lakh and are backed by personal guarantees of the promoters.

e) Term loans from SIDBI amounting to 65.53 Lakhs (Previous year :- Nil) outstanding as at March 31, 2026, are secured by a first charge by way of hypothecation over the Company''s plant and machinery, equipment, tools, spares, solar panels, accessories and other assets financed under the respective loan schemes. The loans are further secured by lien on Term Deposit Receipts aggregating to ?19.75 lakh and are backed by personal guarantees of the promoters.

f) Term loans from SIDBI amounting to 121 Lakhs (Previous year :- Nil) outstanding as at March 31, 2026, are secured by a first charge by way of hypothecation over the Company''s First charge on solar rooftop plant & machinery financed under the respective loan schemes. The loans are further secured by lien on Term Deposit Receipts aggregating to ?56.25 lakh and are backed by personal guarantees of the promoters.

g) Term loans from SIDBIamounting to 40.24 Lakhs (Previous year :- Nil) outstanding as at March 31, 2026, are secured by a first charge by way of hypothecation over the Company''s plant and machinery, Extension of existing FDs financed under the respective loan schemes.

h) Term loans from Kotak Mahindra Bank amounting to 174.70 Lakhs (Previous year :- Nil) outstanding as at March 31, 2026, are secured by a first charge by way of hypothecation over the Company''s Velven machinery financed under the respective loan schemes.

i) Term loans from Kotak Mahindra Bank amounting to 91.48 Lakhs (Previous year :- Nil) outstanding as at March 31, 2026, are secured by a first charge by way of hypothecation over the Company''s site 11/4 machinery financed under the respective loan schemes.

Term of Repayment

a) Vehicle loan of Rs. 4.03 Lakhs repayable in remaining 30 monthly installments of amount ? 0.24 Lakhs upto September 2027. a) Vehicle loan of Rs. 5.77 Lakhs repayable in remaining 22 monthly installments of amount ? 0.29 Lakhs upto January 2028.

a) Range of interest on borrowings is between 8% to 9.45%.

b) SIDBI Term loan amounting to Rs. 98.72 Lakhs (Sanction Amount: 103.65L) having moratorium period upto september, 2026 repayable in remaining 59 installment of amount ? 1.91 Lakhs & 60th installment of ? 2.42 Lakhs upto March 2031. Rate of Interest is 8.45%.

c) SIDBI Term loan amounting to Rs. 100 Lakhs having moratorium period upto september,2026 repayable in remaining 83 installment of amount ? 1.28 Lakhs & 84th installment of ?1.44 Lakhs upto March 2033.Rate of interest is 8.55%.

d) SIDBI Term loan amounting to Rs. 170.80 Lakhs repayable in remaining 55 installment of amount ? 3.8 Lakhs upto October 2030.Rate of interest is 8.65%.

e) SIDBI Term loan amounting to Rs. 65.53 Lakhs (Sanction Amount:79L) repayable in remaining 49 installment of amount ? 1.36 Lakhs & 50th installment of amount ? 1.48 Lakhs upto May 2030.Rate of interest is 9.05% Floating (MCLR 8.55% 0.50%).

f) SIDBI Term loan amounting to Rs. 121 Lakhs (Sanction Amount:225L) repayable in remaining 56 installment of amount ?3.94 Lakhs & 57th installment of amount ?4.36 Lakhs upto March 2031. Rate of Interest is 8.45%.

g) SIDBI Term loan amounting to Rs. 40.24 Lakhs repayable in remaining 56 installment of amount ?0.7 Lakhs & 57th installment of amount ?1.04 Lakhs upto March 2031. Rate of Interest is 8.40%.

h) Kotak Mahindra Bank term loan amounting to Rs. 174.70 Lakhs(Sanction Amount:193L)repayable in remaining 53 installment of amount ? 4.03 Lakhs upto August 2030. The rate of interest is 9.00% Floating (Repo 3.75%; was 9.25%).

i) Kotak Mahindra Bank term loan amounting to Rs. 91.48 Lakhs(Sanction Amount:100L) repayable in remaining 53 installment of amount ?2.05 Lakhs & 54th installment of amount ?1.61 Lakhs upto September 2030.The rate of interest is 8.25% Floating (TLFLT; was 8.50%).

Security clause

Cash Credit and Buyers'' Credit from Kotak Mahindra Bank are secured by (i) Industrial unit at plot no. IP-1, Gowribidanur Industrial Area, Kudumalakunte Village, Kasaba Hobli, Gowribidanur Taluka, Chikkaballapur District, Karnataka 561208 owned by the Company; (ii) Vacant land at Site no. 16 and 16A, Global Garden City, Kambipura Village, Kengeri Hobli, Bangalore 560060 owned by Mrs. Ashwini D A; and (iii) personal guarantees of Mr. D N Anil Kumar and Mrs. Ashwini D A.

Working Capital Demand Loan (Account No. 8062DL0100000192) from Kotak Mahindra Bank Limited of ?700.00 Lakhs, availed on 27 January 2026 at a floating rate of interest-8.25%, was outstanding as at 31 March 2026 are secured by Plot No.Ip 1,Gowribidanur Industrial Area, Kudumalakunte Village, Kasaba Hobli, Gowribidanur Taluk, Chikkaballapur Dist., Kudumalakunte/ Chikkaballapur/ Karnataka, Bangalore, Karnataka, 561208. The said demand loan was fully repaid on 26 April 2026, subsequent to the balance sheet date. There is no outstanding liability against this loan as at the date of adoption of these financial statements and the working capital demand loan(Account No. 8062DL0100000204) from Kotak Mahindra Bank Limited(Adhoc) of ?100 Lakhs, availed on 28 march 2026 at the floating rate of interest- 8.5%, was outstanding as at 31 March ,2026 are secured by Sy No. 11/1, New Sy No. 11/4, Situated At Yellupura Village, Kasaba Hobli, Doddaballapura Taluk, Bangalore Rural District, Bangalore, Karnataka, 561203

Buyers'' Credit facilities aggregating ?104.72 Lakhs (31 March 2025: ?67.09 Lakhs) represent short-term import finance availed from Kotak Mahindra Bank Limited under three tranches (Account Nos. 8036BCR261130179, 8036BCR261137823, and 8036BCR261131139) with maturity dates ranging from 3 April 2026 to 13 May 2026. The security for Buyers'' Credit is pari passu with the Cash Credit facility described above.

36 Additional Notes

(A) The title deeds of immovable properties (other than properties where the Company is the lessee and the lease agreements are duly executed in favour of the lessee) are held in the name of the Company.

(B) The Company does not have any investment property.

(C) The Company has not revalued its Property, Plant and Equipment (including Right-of-Use Assets) and Intangible assets.

(D) There are no loans or advances in the nature of loans are granted to Promoters, Directors, KMPs and their related parties (as defined under Companies Act, 2013), either severally or jointly with any other person, that are

outstanding as on 31st March, 2026:

(i) repayable on demand; or,

(ii) without specifying any terms or period of repayment.

(E) The company is not declared willful defaulter by any bank or financial institution or other lender.

(F) The company has not undertaken any transactions with companies struck off under section 248 of the Companies Act, 2013 or section 560 of Companies Act, 1956.

(G) No Scheme of Arrangements has been approved by the Competent Authority in terms of sections 230 to 237 of the Companies Act, 2013.

(H) The company has not advanced or loaned or invested funds (either borrowed funds or share premium or any other sources or kind of funds) to any other person(s) or entity(ies), including foreign entities (Intermediaries)

with the undrstanding (whether recorded in writing or otherwise) that the Intermediary shall directly or indirectly lend or invest in other persons or entities identified in any manner whatsoever (Ultimate Beneficiaries) by or on behalf of the company or provide any guarantee, security or the like to or on behalf of the Ultimate Beneficiaries.

(I) 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 directly or indirectly lend or invest in other persons or entities identified in any manner whatsoever (Ultimate Beneficiaries) by or on behalf of the Funding Party or provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries.

(J) No transactions has been surrendered or disclosed as income during the year in the tax assessment under the Income Tax Act, 1961. There are no such previously unrecorded income or related assets.

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

(L) The Provision of Section 135 of the Companies Act 2013 in relation to Corporate Social Responsibility are applicable to the Company during the year and hence reporting under this clause is applicable.

37 Expenditure on Corporate Social Responsibility

As per Section 135 of the Companies Act, 2013, a company, meeting the applicability threshold, needs to spend at least 2% of its average net profit for the immediately preceding three financial years on corporate social responsibility (CSR) activities. Theareas for CSR activities are eradication of hunger and malnutrition, promoting education, art and culture, healthcare, destitute care and rehabilitation, environment sustainability, disaster relief and rural development projects. The Company is spending amount for these activities, which are specified in ScheduleVII of the Companies Act, 2013.

(a) Gross amount required to be spent by the Company during the year Rs 14,33,968/- (previous year Rs. 11,31,573)

39 The Company has considered the business segment as the primary reporting segment on the basis that the risk and returns of the Company is primarily determined by the nature of products and services. Consequently, the geographical segment has been considered as a secondary segment.

The business segment have been identified on the basis of the nature of products and services, the risks and returns, internal organisation and management structure and the internal performance reporting systems. The Business segment comprises of manufacturing and Selling of Adhesive Tapes. Geographical segment is considered based on sales within India and outside India.

40 Previous year figures have been regrouped/rearranged whenever necessary to confirm to this current year''s classification.

---

Mar 31, 2025

n) Provisions

A provision is recognised when the Company has a present obligation as a result of 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. Provisions are not
discounted to their present value and are determined based on the best estimate required to settle the obligation at the reporting date. These estimates
are reviewed at each reporting date and adjusted to reflect the current best estimates.

o) Contingent liability

A contingent liability is a possible obligation that arises from past events whose existence will be confirmed by the occurrence or non-occurrence of one or
more uncertain future events beyond the control of the Company or a present obligation that is not recognised because it is not probable that an outflow
of resources will be required to settle the obligation. A contingent liability also arises in extremely rare cases where there is a liability that cannot be
recognised because it cannot be measured reliably. The Company does not recognise a contingent liability but discloses its existence in the financial
statements.

34 Additional Notes

(A) The title deeds of immovable properties (other than properties where the Company is the lessee and the lease agreements are duly executed in favour of the lessee) are held in the name of the Company.

(B) The Company does not have any investment property.

C) The Company has not revalued its Property, Plant and Equipment (including Right-of-Use Assets) and Intangible assets.

D) There are no loans or advances in the nature of loans are granted to Promoters, Directors, KMPs and their related parties (as defined under Companies Act, 2013), either severally or jointly with any other person, that are
outstanding as on 31st March, 2025:

(i) repayable on demand; or,

(ii) without specifying any terms or period of repayment.

E) The company is not declared willful defaulter by any bank or financial institution or other lender.

F) The company has not undertaken any transactions with companies struck off under section 248 of the Companies Act, 2013 or section 560 of Companies Act, 1956.

G) No Scheme of Arrangements has been approved by the Competent Authority in terms of sections 230 to 237 of the Companies Act, 2013.

H) The company has not advanced or loaned or invested funds (either borrowed funds or share premium or any other sources or kind of funds) to any other person(s) or entity(ies), including foreign entities (Intermediaries)
with the undrstanding (whether recorded in writing or otherwise) that the Intermediary shall directly or indirectly lend or invest in other persons or entities identified in any manner whatsoever (Ultimate Beneficiaries) by or
on behalf of the company or provide any guarantee, security or the like to or on behalf of the Ultimate Beneficiaries.

I) 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 directly or
indirectly lend or invest in other persons or entities identified in any manner whatsoever (Ultimate Beneficiaries) by or on behalf of the Funding Party or provide any guarantee, security or the like on behalf of the Ultimate
Beneficiaries.

J) No transactions has been surrendered or disclosed as income during the year in the tax assessment under the Income Tax Act, 1961. There are no such previously unrecorded income or related assets.

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

L) The Provision of Section 135 of the Companies Act 2013 in relation to Corporate Social Responsibility are not applicable to the Company during the year and hence reporting under this clause is not applicable.

35 Expenditure on Corporate Social Responsibility

As per Section 135 of the Companies Act, 2013, a company, meeting the applicability threshold, needs to spend at least 2% of its average net profit for the immediately preceding three financial years on corporate social
responsibility (CSR) activities. Theareas for CSR activities are eradication of hunger and malnutrition, promoting education, art and culture, healthcare, destitute care and rehabilitation, environment sustainability, disaster
relief and rural development projects. The Company is spending amount for these activities, which are specified in ScheduleVII of the Companies Act, 2013.

(a) Gross amount required to be spent by the Company during the year Rs 11,31,573/- (previous year Rs. NIL)

(b) Amount spent during the year on:

37 The Company has considered the business segment as the primary reporting segment on the basis that the risk and returns of the Company is primarily determined by the nature of products and services. Consequently, the
geographical segment has been considered as a secondary segment.

The business segment have been identified on the basis of the nature of products and services, the risks and returns, internal organisation and management structure and the internal performance reporting systems. The
Business segment comprises of manufacturing and Selling of Adhesive Tapes. Geographical segment is considered based on sales within India and outside India.

38 Previous year figures have been regrouped/rearranged whenever necessary to conform to this current year''s classification.

As per our report of even date

For Doshi Doshi & Co For and on behalf of the Board of Directors

Chartered Accountants Srivasavi Adhesive Tapes Limited

Firm Registration No. 153683W

Chintan Doshi D N Anilkumara Ashwini D A

Partner Chairman and Managing Director Executive Director & CFO

Membership No. : 158931 DIN: 02779362 DIN: 02779449

Place : Ahmedabad
Date : 19 May 2025

Nikhil Jain

Company Secretary
ACS :- A56131
Place : Bengaluru
Date : 19 May 2025

---

Mar 31, 2024

(b) Terms/ rights attached to equity shares

The Company has only one class of equity shares having a par value of Rs.10 per share. Each holder of equity share carries one vote and is entitled to dividend that may be declared by the Board of Directors, which is subject to the approval of the shareholders in the Annual General Meeting.

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

Securities for term loans

a) Vehicle loan of Rs. 3.30 Lakhs (Previous year :- Rs. 10.39 lakhs) from banks secured by hypothecation of vehicle.

Term of Repayment

a) Vehicle loan of Rs. 3.30 Lakhs repayable in 36 monthly installments upto November 2024.

b) Range of interest on borrowings is between 8% to 9.45%.

6. Provisions

The liabilities recognised for employees consist of the following amounts:

(i) Defined benefit plan

The Company has gratuity as defined benefit retirement plan for its employees. Disclosures as required by Accounting Standard - 15 (Revised) for the year ended 31 March 2024 are as under :

The estimates of future salary increases, considered in actuarial valuation, takes account of inflation, seniority, promotion and other relevant factors such as supply and demand in the employment market.

Security clause

Cash Credit and Buyers Credit from Kotak Mahindra Bank secured by Industrial unit located at plot no. IP-1, Gowribidanur Industrial Area, Kudumalakunte Village, Kasaba hobli, Gowribidanur Taluka, Chikkaballapur District, Karnataka 561208 owned by Company and Vacant land located at Site no. 16 and 16A Global Garden City of Kambipura village, Kengeri Hobli, Bangalore 560060 owned by Mrs. Ashwini D A along with personal guarantee Mr. D N Anil Kumar and Mrs. Ashwini D A.

iii) Related party transactions and outstanding balances

The following table provides the total amount of transactions that have been entered into with the related parties for the relevant financial year and the outstanding balances as at March 31, 2024 and March 31, 2023:

32. Capital commitment and contingent liabilities

a) Capital commitment

There are no capital commitment outstanding as at reporting date (as at March 31, 2024: Nil).

b) Contingent liabilities

There are no contingent liabilities

33. Summary of Submissions to Banks and its comparision against books of accounts

34. Additional Notes

(a) The title deeds of immovable properties (other than properties where the Company is the lessee and the lease agreements are duly executed in favour of the lessee) are held in

the name of the Company.

(b) The Company does not have any investment property.

c) The Company has not revalued its Property, Plant and Equipment (including Right-of-Use Assets) and Intangible assets.

D) There are no loans or advances in the nature of loans are granted to Promoters, Directors, KMPs and their related parties (as defined under Companies Act, 2013), either severally or jointly with any other person, that are outstanding as on 31st March, 2024:

E) The company is not declared willful defaulter by any bank or financial institution or other lender.

F) The company has not undertaken any transactions with companies struck off under section 248 of the Companies Act, 2013 or section 560 of Companies Act, 1956.

G) No Scheme of Arrangements has been approved by the Competent Authority in terms of sections 230 to 237 of the Companies Act, 2013.

H) The company has not advanced or loaned or invested funds (either borrowed funds or share premium or any other sources or kind of funds) to any other person(s) or entity(ies), including foreign entities (intermediaries) with the undrstanding (whether recorded in writing or otherwise) that the Intermediary shall directly or indirectly lend or invest in other persons or entities identified in any manner whatsoever (Ultimate Beneficiaries) by or on behalf of the company or provide any guarantee, security or the like to or on behalf of the Ultimate Beneficiaries.

l) 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 directly or indirectly lend or invest in other persons or entities identified in any manner whatsoever (Ultimate Beneficiaries) by or on behalf of the Funding Party or provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries.

j) No transactions has been surrendered or disclosed as income during the year in the tax assessment under the Income Tax Act, 1961. There are no such previously unrecorded income or related assets.

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

L) The Provision of Section 135 of the Companies Act 2013 in relation to Corporate Social Responsibility are not applicable to the Company during the year and hence reporting under this clause is not applicable

"ly 36. The Company j^ias considered the business segment as the primary \ -"''reporting seg mention the basis that the risk and returns of the Company is >7'' primarily determined by the nature of products and services. Consequently, they y ".''geographical Segment has been considered as a secondary segment. The'' '' business segment have been identified on the basis of the nature of products y '''''' and services, the risks and returns, internal organisation and management ''''''''structure:and;:the internal performance reporting systems. The Business V segment . comprises of manufacturing and Selling of Adhesive Tapes.

7 Geographical segment is considered based on sales within India and outside India. -//-V-.Y

37. Previous year figures have been regrouped/rearranged whenever necessary to conform to this current year''s classification.

---

Mar 31, 2023

(a) Terms/ rights attached to equity shares

The Company has only one class of equity shares having a par value of Rs.10 per share. Each holder of equity share carries one vote and is entitled to dividend that may be declared by the Board of Directors, which is subject to the approval of the shareholders in the Annual General Meeting.

In the event of liquidation of the Company, the holders 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, includingits register of membersand other declaration received from share holdersregarding beneficiary interest, the above share holding represents both legal and beneficial ownership of shares.

Securities for term loans

a) Term loans of Rs. 113 Lakhs/- (Previous year Rs. 60 Lakhs) from Kotak Mahindra Bank secured by Industrial unit located at plot no. IP-1, Gowribidanur Industrial Area, Kudumalakunte Village, Kasaba hobli, Gowribidanur Taluka, Chikkaballapur District, Karnataka 561208 owned by Company and Vacant land located at Site no. 16 and 16A Global Garden City of Kambipura village, Kengeri Hobli, Bangalore 560060 owned by Mrs. Ashwini D A along with personal guarantee of Mr. D N Anil Kumar and Mrs. Ashwini D A.

b) Vehicle loan of Rs. 10 Lakhs (Previous year :- Rs. 19 Lakhs) from banks secured by hypothecation of vehicle.

Term of Repayment

a) Term loan from Kotak Mahindra Bank of Rs. 44 Lakhs repayable in 60 months (including 24 moratorium period) starting from August 2022.

b) Term loan from Kotak Mahindra Bank of Rs. 36 Lakhs repayable in 48 months (including 12 moratorium period) starting from July 2020.

c) Term loan from Kotak Mahindra Bank of Rs. 32 Lakhs repayable in 60 months starting from November 2022.

d) Vehicle loan of Rs. 10 Lakhs repayable in 36 monthly installments upto November 2024.

e) Range of interest on borrowings is between 8% to 13.35%.

Security clause

Cash Credit and Buyers Credit from Kotak Mahindra Bank secured by Industrial unit located at plot no. IP-1, Gowribidanur Industrial Area, Kudumalakunte Village, Kasaba hobli, Gowribidanur Taluka, Chikkaballapur District, Karnataka 561208 owned by Company and Vacant land located at Site no. 16 and 16 A Global Garden City of Kambipura village, Kengeri Hobli, Bangalore 560060 owned by Mrs. Ashwini D A along with personal guarantee Mr. D N Anil Kumar and Mrs. Ashwini D A.

The Company has not received information from vendors regarding their status under the Micro, Small and Medium Enterprises Development Act, 2006 (MSMED) and hence disclosure relating to the amounts unpaid as at the end of the current reporting period together with interest paid/ payable under this Act has not been given.