Notes to Accounts of Swadha Nature Ltd.

Mar 31, 2024

2.14 Contingencies and Provisions:

Provisions are recognized when the Company has 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 expense relating to a provision is presented in the statement of
profit and loss net of any reimbursement.

Contingent liabilities are recognized only when there is a possible obligation arising from past
events, due to occurrence or non-occurrence of one or more uncertain future events, not
wholly within the control of the Company or where any present obligation cannot be
measured in terms of future outflow of resources or where a reliable estimate of obligation
cannot be made. Contingent assets are not recognized in the financial statements.

2.15 Statement of Cash Flow:

Cash flows are reported using the indirect method, whereby profit/(loss) before exceptional
items and tax is adjusted for the effects of transactions of non-cash nature and any deferrals or
accruals of past or future cash receipts or payments. The cash flows from operating, investing
and financing activities of the Company are segregated based on available information.

2.16 Financial Instruments:

Financial Assets and Financial Liabilities are recognized when the Company becomes party
to the contractual provisions of the financial instrument. Financial Assets are derecognized
when the rights to receive benefits have expired or been transferred, and the Company has
transferred substantially all risks and rewards of ownership of such financial asset. Financial
liabilities are derecognized when the liability is extinguished, that is when the contractual
obligation is discharged, cancelled or expired. Purchase or sale of financial assets that require
delivery of assets within a time frame established by regulation or convention in the market
place are recognized on trade date i.e., the date when the Company commits to purchase or
sale the asset.

3. NOTES TO ACCOUNTS:

3.1 Some of the Balances of sundry creditors, sundry debtors, loans &advances and other
liabilities are subject to confirmation and reconciliation.

3.2 In the opinion of the Board of Directors, Current Assets, Loans & Advances are
approximately of the value at which they are stated in the Balance Sheet, if realized in the
ordinary course of business.

3.3 The Company operates in one segment i.e., trading of agricultural produce and chemical and
within one geographical segment i.e., India.

3.4 The Company manages its capital to ensure that it will be able to continue as a going concern.
The structure is managed to provide ongoing returns to shareholders and service debt
obligations, whilst maintaining maximum operational flexibility.

3.5 The carrying amounts of trade payables, other financial liabilities, cash and cash equivalents,
other bank balances, trade receivables and other financial assets are considered to be the same
as their fair values due to their short-term nature.

3.6 The Company opines that no provision for expected credit loss is required.

3.7 There is no significant market risk or liquidity risk to which the Company is exposed.

3.8 The disclosure of transactions with the related parties is given below:

(i) Parties where control exists: NIL

(ii) Subsidiary Companies: NIL

(iii) Fellow Subsidiary Companies: NIL

(iv) Key Management Personnel: Manoj Kumar Saraf and Dipakkumar Shah - Managing
Director, Sangita Devi Saraf - CFO, Mr. Dhanesh Shah - Company Secretary

3.14 The Company has re grouped and re-classified the previous year’s figures in accordance with
the requirements applicable in the current year. In view of this, certain figures of the current
year are not strictly comparable with those of the previous year.

3.15 Notes 1 to 17 form integral part of accounts.

ADDITIONAL DISCLOSURES:

(i) Previous year figures have been regrouped and reclassified where ever necessary.

(ii) Expenditure and earning in foreign currency: Nil

(iii) Expenditure incurred on employees who are in receipt of remuneration which is less than the
prescribed limit. for the year,

(iv) In the opinion of the board the value on realization of current assets and loans and advance in
ordinary course of business will not be less than the amount at which they are stated in the
balance sheet.

(v) All amounts in the financial statements are presented in Lakhs except per share data and as
otherwise stated.

(vi) Amount due from / to various parties, Trade receivables, unsecured loans from directors and
other debit & credits balances as on 31.03.2024 are subject to confirmation and reconciliation.

(vii) The closing stock of land is taken at cost price except this no other inventories is there as on
31.03.2024.

(viii) Undisclosed Income:

Company does not have any transactions 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). Also, there are nil previously unrecorded income and related assets.

(ix) Details of Crypto Currency or Virtual Currency:

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

(xii) There is no any amount payable to the suppliers of Micro, Small and Medium Enterprises as
on March 31, 2024. Hence no need of disclosure as per Micro, small and Medium Enterprises
development Act, 2006.

(xiii) As Per Accounting Standards 18, the disclosure of transactions with the related parties is given
below: No transaction with any related parties.

(xiv) Transactions during the year with related parties:

There are no any transactions with the related parties during the current financial year ended
on 31^st March 2024.

For Sanket Shah For and on behalf of the board

Chartered Accountants

Sd/- Sd/- Sd/-

Sanket Shah Dipakkumar Shah Sangita Saraf

M. No. 150873 Managing Director CFO

UDIN: 24150873BKCQTB8924 (DIN: 08234203)

Place: Ahmedabad Sd/- Sd/-

Date: 25-05-2024 Pulkit Shah Dhanesh Shah

Director Company Secretary

(DIN: 05272041)

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Mar 31, 2012

1. Claims against the Company not acknowledged as debt. Rs. Nil. (Previous year: Nil.)

2. According to the information and explanations given to us and the records of the Company examined by us, Status of legal cases has been given below:

3. Liability for uncalled amount on 6800 partly paid up equity shares of Punsumi Foils & Components Ltd held as investment amounting to Rs.34, 000.

4. The liability for the dividend received on shares already sold by the Company but not transferred in the name of buyers.

5. Market value of quoted investment is Rs. 13,72,783.25 as on 31stMarch 2012. However, the quoted investment is taken in balance sheet at a cost of Rs 1,15,48,161.60. No provision for diminution of Rs. 1,01,75,378.35 in the value of the quoted investment has been made in the accounts as the management is of the opinion that the diminution in value is of temporary nature and investment is meant to be held for long term.

6. The details of auditors remuneration is as under :

Statutory Audit Fee Rs. 16545.00

7. Balance of sundry debtors and sundry creditors are subject to confirmation.

8. The Company had applied to RBI for grant of a certificate of registration under section 451A of the RBI Act, 1934 on 5th July 1997, which was rejected by the RBI. The Company has not made any fresh application to the RBI.

9. The Company has not paid the Listing Fee but provision has been made for the same in respect of Calcutta Stock Exchange. Trading of the shares of the company is suspended at Bombay Stock Exchange, Mumbai and Calcutta Stock Exchange, Kolkata.

10. Provision for Bad Debts of Rs. 43,20,727.83 has been written back during year. Same had been created against Loans and advances in earlier year.

11. As per the legal opinion received by the Company, Section 370 and 372 of the Companies Act, 1956 are not applicable to the Company.

12. There was no employees receiving remuneration exceeding the limits laid down in section 217 (2A) of the Companies Act, 1956.

13. The management has decided to do not create any deferred tax asset for the current year in view of the uncertainty of profit in near future.

14. All expenses for which external vouchers were not available proper internal vouchers were prepared and duly approved by a Director of the Company.

15. The Company has not received any intimation of allotment of shares in respect of share application money and as such they have not been adjusted.

16. Previous year's figures have been re-grouped and/or re-arranged wherever considered necessary.

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Mar 31, 2011

(A) CONTINGENT LIABILITY NOT PROVIDED FOR

Claims against the Company not acknowledged as debt. Rs. Nil. (Previous year: Nil.) Liability for uncalled amount on 6800 partly paid up equity shares of Punsumi Foils & Components Ltd held as investment amounting to Rs.34,000.

The liability for the dividend received on shares already sold by the Company but not transferred in the name of buyers.

1. Market value of quoted investment is Rs. 18.13.368.50 as on 3lstMarch 2011. However, the quoted investment is taken in balance sheet at a cost of Rs 1,11,06,093.60. No provision for diminution of Rs. 92.92,725.10 in the value of the quoted investment has been made in the accounts as the management is of the opinion that the diminution in value is of temporary nature and investment is meant to be held for long term.

2. The Company has diversified into the business of software development and other related business and the management is of the opinion that the same is within the objects of the Company relating to information technology business.

3. The details of auditors remuneration is as under :

Statutory Audit Fee Rs. 16,545.00

4. One tenth of Preliminary expenses, public issue expenses and deferred revenue expenses have been written off during the year.

5. Balance of sundry debtors and sundry creditors are subject to confirmation.

6. The Company had applied to RBI for grant of a certificate of registration under section 451A of the RBI Act, 1934 on 5th July 1997, which was rejected by the RBI. The Company has not made any fresh application to the RBI.

7. As per the legal opinion received by the Company. Section 370 and 372 of the Companies Act.1956 are not applicable to the Company.

8. There was no employees receiving remuneration exceeding (he limits laid down in section 217 (2A) of the Companies Act, 1956.

9. No provision for interest receivable has been made on "Advance for Car" as the Company will adjust the same at the time of delivery of car.

10. Disclosures as required by the Accounting standard 18 on "Related Party Disclosures are given below: -

A. Names of related parties and description of relationships i). Key management personnel fit their relatives:

Directors:

- Manoj Kumar Saraf

- Sushil Kumar Sureka

- Sanjeev Kumar Saraf

- Mahendra Kumar Choudhary

ii). Enterprises over which persons referred in (if) above, or their relatives, are able to exercise significant Influence.

- Third Eye Communication (P) Ltd.

- Nature Green Agri (P) Ltd.

- Bgates Infotach System Integrators (P) Ltd.

- Saraf Ergonomics Financial Services (P) Ltd.

- Ms Online Broking Services Ltd

11. The management has decided to do not create any deferred tax asset for the current year in view of the uncertainty of profit in near future.

12. In the opinion of the management current assets, loan & advances are realisable at the stated value, after deducting the provisions made, if any.

13. All expenses for which external vouchers were not available proper internal vouchers were prepared and duly approved by a Director of the Company.

14. The Company has not received any intimation of allotment of shares in respect of share application money and as such they have not been adjusted.

15. Previous year's figures have been re-grouped and/or re-arranged wherever considered necessary.

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Mar 31, 2010

1.1 Market value of quoted investment is Rs.876047.70 as on 3l!,March 2010. However, the quoted investment is taken in balance sheet at a cost of Rs.10244990.60. No provision for diminution of Rs.9368942.90 in the value of the quoted investment has been made in the accounts as the management is of the opinion that the diminution in value is of temporary nature and investment is meant to be held for long term.

1.2 The Company has diversified Into the business of software development and other related business and the management is of the opinion that the same is within the objects of the Company relating to information technology business.

1.3 The details of auditors remuneration is as under :

Statutory Audit Fee Rs.16545.00

1.4 Balance of sundry debtors and sundry creditors are subject to confirmation.

1.5 The Company had applied to RBI for grant of a certificate of registration under section 451A of the RBI Act, 1934 on 5th July 1997. which was rejected by the RBI. The Company has not made any fresh application to the RBI.

1.6 The Company has not paid fully the Listing Fee nor provided for the same in the Accounts.

1.7 As per the legal opinion received by the Company, 5ection 370 and 372 of the Companies Act, 1956 are not applicable to the Company.

1.8 There was no employees receiving remuneration exceeding the limits laid down in section 217 (2A) of the Companies Act, 1956.

1.9 Disclosures as required by the Accounting standard - 18 on "Related Party Disclosures are given below;