Notes to Accounts of Synoptics Technologies Ltd.

Mar 31, 2025

xii) Provisions, Contingent Liabilities & Contingemt Assets

A provision is recognised when an enterprise has a present obligation as result of past event. It is probable that an outflow of
resources will be required to settle the obligation, in respect of which a reliable estimate can be made. Provisions are not
discounted to its present value and are determined based on best estimates require to settle the obligation at the balance sheet
date. These are reviewed at each balance sheet date and adjusted to reflect the best current estimates.

Contingent Liability is disclosed by way of a note to the financial statements after careful evaluation by the management of the
facts and legal aspects of the matters involved.

Contingent Assets are neither recognised nor disclosed.

xiii) Foreign Currency Transctions

- Initial recognition:

Foreign currency transactions are recorded at the exchange rates prevailing on the date of transaction.

- Conversion:

Foreign currency monetary items are retranslated using the exchange rate prevailing at the reporting date.

xiv) Investement in Subsidiary

Investments which are readily realisable and intended to be held for not more than a year from the date on which such
investments are made, are classified as current investments. All other investments are classified as non current investments.

On initial recognition, all investments are measured at cost. The cost comprises purchase price and directly atributabe acquisition
charges such as brokerage, fees & duties.

Long term investments prescribed in the financial satements are caried at cost and current investment at lower of cost and fair
value.

On disposal of an investment, the difference between carrying amount and net disposall proceeds is charged/credited to the
statement of proit & loss.

xv) Earning Per Share

Basic earnings per share are calculated by dividing the net profit and loss for the period attributable to equity shareholders by the
weighted average number of equity shares outstanding during the period. Partly paid equity shares are treated as a fraction of any
equity share to the extent that they were entitled to participate in dividends relative to a fully paid equity share during the
reporting period.

For the purpose of calculating diluted earnings per share, the net profit or loss for the period attributable to equity shareholders
and the weighted average number of shares outstanding during the period are adjusted for the effects of all dilutive potential
equity shares.

xiv) Cash and Cash Equivalent

Cash and cash equivalents for the purpose of cash flow statement comprise cash at bank and in hand and short term investments
with original maturity of three months or less.

54

Previous''s Year Figures have been regrouped/reclassified wherever necessary to correspond with the current year''s dassification/disdosure.

55 Corporate Social Responsibility

Average Net Profit of the Company as per Section 135(5) of the Companies Act, 2013 is Rs 5,95,68,397/- and Two percent of average net
profit of the company as per Section 135(5) of the Companies Act, 2013 is Rs 11,91,368/- and Rs 12,00,000/- has been spent towards the
same.

56 The company has obtained the declaration from Directors stating therein that the amount so advanced to the company has not been given out
of the funds borrowed/acquired from others by them.

57 The Securities and Exchange Board oflndia (SEBI) has issued an interim order against the Company and its promoters, restraining them from
buying, selling, or otherwise dealing in the securities market, and from associating themselves—directly or indirectly—with the securities
market in any manner whatsoever, until further orders.

As Per Our Report of Even Date For and behalf of the Board of Directors of

FOR YOGESH J WALAVALKAR & CO.

Chartered Accountants SYNOPTICS TECHNOLOGIES LIMITED

Firm Regd. No. 132628W

CA YOGESH J WALAVALKAR (Jatin J. Shah) (Jagmohan M Shah)

M.NO.:140680 Managing Director Director

(PROPRIETOR) DIN : 02329469 DIN : 02329506

Place : Mumbai

Date :29/05/2025 Srushti Trivedi

CompanySecretary

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Mar 31, 2024

		(	Rupees In Lakhs. )
29	Contingent liabilities and commitments (to the extent not provided for)	As at 31st March, 2024	As at 31st March, 2023
29.1	Contingent liabilities
	Claims against the company not acknowledged as debt	-	-
	Guarantees	133.44	153.12
	Other money for which the company is contingently liable
29.2	Commitments
	Estimated amount of contracts remaining to be executed on capital account and not provided for;	-	-
	Uncalled liability on shares and other investments partly paid	-	-
	Other commitments (specify nature).	-	-

30 Since the Company doesn''t hold and Immovable Property, hence the clause in relation to "Title deeds of Immovable Property not held in name of the Company" is Not Applicable

31 The Company has not revalued its Property, Plant and Equipment, during the year.

32 The Company has no Relationship with Struck off Companies.

34 The Company doesn''t hold any Benami Property. Consequently no proceedings have been initiated or pending against the company for holding any such benami property

35 Company has not been declared as a Wilful defaulter by any Bank or Financial Institution or other lender

37 Utilisation of Borrowed funds have been done for the purpose they were borrowed for as per the terms of the Bank Sanction.

38 The Company has no undisclosed income

39 The Company have not traded or invested in Crypto currency or Virtual currency during the year

40 In the opinion of the board of directors the current assets, loan & advances are realisable in ordinary course of business at least equal to the amount at which they are stated in the Balance Sheet.

41 The company has not received information from vendor and service provider regarding their status under the Micro, Small and Medium Enterprises Development Act, 2006 and hence, disclosures relating to amounts unpaid as at the year end together with interest paid/payable under this Act have not been given.

44 The Consumption of Materials clause is not applicable to the Company

45 No employee is in receipt of remuneration exceeding in aggregate of Rs. 1,02,00,000/- if employed throughout the year or Rs. 8,50,000/- per month if employed for a part of the year.

46 Net Profit after tax for the year has been used as the numerator and number of shares has been used as denominator for calculating the basic and diluted earnings per shares

47 The Directors have waived off their right to claim the sitting fees for the Board Meeting attended by them.

48 There are no indications of impairment on any individual cash generating assets or on cash generating units in the opinion of management and therefore no test of impairment is carried out.

49 Details of loans given, investments made and security provided covered under section 186(4) of the Companies Act, 2013:-

50 All the known income and expenditure and assets and liabilities have been taken into account and that all the expenditure debited to the profit and loss account have been exclusively incurred for the purpose of the company’s business.

51 Balance in the accounts of debtors, creditors and advances are subject to confirmation/ reconciliation/adjustment from the respective parties.

52 The loans and advances made by company are unsecured and treated as current assets and not prejudicial to the interest of the company.

53 Disclosure as per AS 15 for Gratuity Liability:-

Defined Benefits plan and short term Employee benefits Gratuity (Defined Benefits Plan)

The Company has a defined benefit gratuity plan. Every Employee who has completed Five years of service get a gratutiy on death or resignation or retirement at 15 days of salary (last drawn salary) for each completed year of service. The Gratuity has been provided on the basis of valuation provided by the actuary based on Projected Unit Credit Method

54

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

55 Corporate Social Responsibility

Average Net Profit of the Company as per Section 135(5) of the Companies Act, 2013 is Rs 5,95,68,397/- and Two percent of average net profit of the company as per Section 135(5) of the Companies Act, 2013 is Rs 11,91,368/- and Rs 12,00,000/- has been spent towards the same.

56 The company has obtained the declaration from Directors stating therein that the amount so advanced to the company has not been given out of the funds borrowed/acquired from others by them.

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Mar 31, 2023

xii) Provisions, Contingent Liabilities & Contingemt Assets

A provision is recognised when an enterprise has a present obligation as result of past event. It is probable that an outflow of resources will be required to settle the obligation, in respect of which a reliable estimate can be made. Provisions are not discounted to its present value and are determined based on best estimates require to settle the obligation at the balance sheet date. These are reviewed at each balance sheet date and adjusted to reflect the best current estimates.

Contingent Liability is disclosed by way of a note to the financial statements after careful evaluation by the management of the facts and legal aspects of the matters involved.

Contingent Assets are neither recognised nor disclosed.

xiii) Foreign Currency Transctions

- Initial recognition:

Foreign currency transactions are recorded at the exchange rates prevailing on the date of transaction.

- Conversion:

Foreign currency monetary items are retranslated using the exchange rate prevailing at the reporting date.

xiv) Investement in Subsidiary

Investments which are readily realisable and intended to be held for not more than a year from the date on which such investments are made, are classified as current investments. All other investments are classified as non current investments.

On initial recognition, all investments are measured at cost. The cost comprises purchase price and directly atributabe acquisition charges such as brokerage, fees & duties.

Long term investments prescribed in the financial satements are caried at cost and current investment at lower of cost and fair

xv) Earning Per Share

Basic earnings per share are calculated by dividing the net profit and loss for the period attributable to equity shareholders by the weighted average number of equity shares outstanding during the period. Partly paid equity shares are treated as a fraction of any equity share to the extent that they were entitled to participate in dividends relative to a fully paid equity share during the reporting period.

For the purpose of calculating diluted earnings per share, the net profit or loss for the period attributable to equity shareholders and the weighted average number of shares outstanding during the period are adjusted for the effects of all dilutive potential equity shares.

xiv) Cash and Cash Equivalent

Cash and cash equivalents for the purpose of cash flow statement comprise cash at bank and in hand and short term investments with original maturity of three months or less.

Other T erms

The Federal Bank Term Loan -1 No.10997100010904

The loan amounting to Rs.135.61 lacs (Previous year Rs. 165.33 lacs) is repayable in 60 equated Monthly Instalments (EMI) of Rs 1125072/- each commencing from Jan 2020 and ending in April 2025. The rate of interest being 10.35% p.a.(fixed)

The Federal Bank Term Loan -10997100011365

The loan amounting to Rs.25.87 lacs (Previous year Rs. 48.55) is repayable in 25 equated Monthly Instalments (EMI) of Rs 229584/- each commencing from Oct 2020 and ending in April 2025. The rate of interest being 13% p.a. (fixed)

The Federal Bank Term Loan GECL(COVID)-10996900002970

The loan amounting to Rs 8.88 lacs (Previous year Rs. 42.36 lacs) is repayable in equated Monthly Instalments (EMI) of Rs 300012 each commencing from July 2021 till June 2024. The rate of interest being 9.25% p.a.(fixed)

The Federal Bank Term Loan GECL(COVID)-10996900003374

The loan amounting to Rs. 111.21 lacs (Previous year Rs. Nil) is repayable in equated Monthly Instalments (EMI) of Rs 328995 each commencing from January 2024 till December 2026. The rate of interest being 9.25% p.a.(fixed)

The Federal Bank Term Loan GECL(COVID)-10996900003820

The loan amounting to Rs.106.20 lacs (Previous year Rs. Nil) is repayable in equated Monthly Instalments (EMI) of Rs 531600 each commencing from October 2022 till Feb 2026. The rate of interest being 12.5% p.a.(fixed)

HDFC Bank

The loan is repayable in 48 equated Monthly Instalments (EMI) of Rs 204949/- each commencing from Sept 2022 and ending in Aug 2026. The rate of interest being 16% p.a.(floating)

Axis Bank Loan

The loan is repayable in 36 equated Monthly Instalments (EMI) of Rs 261830/- each commencing from Sep 2022 and ending in Aug 2025. The rate of interest being 15.50% p.a.(fixed)

ICICI Bank

The loan is repayable in 36 equated Monthly Instalments (EMI) of Rs 177019/- each commencing from May 2021 and ending in April 2024. The rate of interest being 16% p.a.(ffxed)

IDFC First Bank Ltd (Formerly Capital First Ltd)

The loan is repayable in 48 equated Monthly Instalments (EMI) of Rs 281614/- each commencing from Oct 2022 and ending in Sep 2026. The rate of interest being 15.65% p.a.(fixed)

Standard Chartered Bank

The loan is repayable in 48 equated Monthly Instalments (EMI) of Rs 280849/- each commencing from Sept 2022 and ending in Sep 2026. The rate of interest being 15.50% p.a.(Floating)

Moneywise Financial Services Pvt.Ltd.

The loan is repayable in 24 equated Monthly Instalments (EMI) of Rs 176557/- each commencing from June 2021 and ending in May 2023. The rate of interest being 18.50% p.a.(fixed)

L&T Finance

The loan is repayable in 48 equated Monthly Instalments (EMI) of Rs 140425/- each commencing from Sep 2012 and ending in Aug 2026. The rate of interest being 15.50% p.a.(fixed)

Deutsche Bank

The loan is repayable in 36 equated Monthly Instalments (EMI) of Rs 175785/- each commencing from May 2023 and ending in Apr 2026. The rate of interest being 16.0% p.a.(fixed)

Aditya Birla Finance Ltd.

The loan is repayable in 36 equated Monthly Instalments (EMI) of Rs 266464/- each commencing from May 2023 and ending in Apr 2026. The rate of interest being 16.75% p.a.(fixed)

Kisetsu Saison Finance (India) Private Limited

The loan is repayable in 36 equated Monthly Instalments (EMI) of Rs 175786/- each commencing from May 2023 and ending in Apr 2026. The rate of interest being 16% p.a.(fixed)

Fedbank Financial Services Limited

The loan is repayable in 36 equated Monthly Instalments (EMI) of Rs 174553/- each commencing from May 2023 and ending in Apr 2026. The rate of interest being 16% p.a.(fixed)

Yes Bank

The loan is repayable in 48 equated Monthly Instalments (EMI) of Rs 139154/- each commencing from Oct 2022 and ending in Sep 2026. The rate of interest being 15% p.a.(fixed)

56 Corporate Social Responsibility

Average Net Profit ofthe Companyas per Section 135(5) of the Companies Act, 2013 is Rs 38,489,866/- and Two percent ofaverage net profit of the company as per Section 135(5) of the Companies Act, 2013 is Rs 769,797/- and Rs 770,000/- has been spent towards the same.

57 The company has obtained the declaration from Directors stating therein that the amount so advanced to the company has not been given out of the funds borrowed/acquired from others by them.

As Per Our Report of Even Date For and behalf of the Board of Directors of

FOR YOGESH J WALAVALKAR & CO.

Chartered Accountants SYNOPTICS TECHNOLOGIES LIMITED

Firm Regd. No. 132628W (Erstwhile known by Synoptics Technologies Private Limited)

(Jatin J. Shah) (Jagmohan M Shah)

CA YOGESH J WALAVALKAR Managing Director Director

M.NO.:140680 DIN : 02329469 DIN : 02329506

(PROPRIETOR)

Place : Mumbai (Janvi J. Shah) (Srushti Trivedi)

Date : 5th Sept., 2023 Chief Financial Officer Company Secretary