Notes to Accounts of Triliance Polymers Ltd.

Mar 31, 2025

2.12. Provisions, contingent liabilities and contingent assets
Provision

Provisions are recognized when the Company has a present legal or constructive obligation as
a result of past events; it is probable that an outflow of resources will be required to settle the
obligation; and the amount has been reliably estimated.

If 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

Contingent liabilities, if any are disclosed when there is a possible obligation arising from past
events, the existence of which will be confirmed only by the occurrence or non-occurrence of
one or more uncertain future events not wholly within the control of the Company. A present
obligation that arises from past events where it is either not probable that an outflow of
resources will be required to settle or reliable estimate of the amount cannot be made, is termed
as contingent liability.

The Company has various tax litigations for various years pending before various authorities
under Income Tax and GST, the outcome of which are material but not practicable for the
Company to estimate the timings of cash outflows.

Contingent Assets

Contingent assets, if any are disclosed where an inflow of economic benefit is probable.

2.13. Earnings per share

Basic earnings per share are calculated by dividing the net profit or loss for the period
attributable to equity shareholders (after deducting attributable taxes) by the weighted average
number of equity shares outstanding during the 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.

2.14. Cash Flow statement

Cash flows are reported using the indirect method, whereby profit before 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 the available information.

The accompanying notes are an integral part of the financial statements.

For Motilal & Associates LLP. For and on Behalf of the Board of Directors

(a member firm of M A R C K S Network) For Triliance Polymers Limited

Chartered Accountants CIN: L99999MH1990PLC056538

ICAI FRN : 106584W/W100751

Rishabh Jain Punit Shah Manisha Shah

Partner Executive Director Director

Membership. No. 179547 DIN: 08638245 DIN: 00187171

Place : Mumbai
Date : 30^th May 2025

---

Mar 31, 2024

Terms / Rights attached to equity shares

The Company has only one class of equity share having par value of Rs 10 per share. Each holder of equity share is entitled to one vote per share held. All the equity shares rank pari passu in all respects including but not limited to entitlement for dividend, bonus issue and rights issue. In the event of liquidation, the equity shareholders are eligible to receive the remaining assets of the Company after distribution of all liabilities in proportion to their shareholding.

16 EARNING PER SHARE :

Basic earnings per share are computed using the weighted average number of equity shares outstanding during the year. Diluted earnings per share are computed using the weighted average number of equity and dilutive equivalent shares outstanding during the year, except where results would be anti- dilutive

17 Segment Reporting

The Company has single business segment, therefore, in the context of Ind AS 108 on "disclosure of segment information" is not applicable.

18 Financial Risk Management

The Company''s activities does not expose it to any financial risk except for liquidity risk as stated below.

A. Liquidity risk

Liquidity risk is defined as the risk that the company will encounter difficulty in meeting obligations associated with financial liabilities that Management monitors rolling forecasts of the group''s liquidity position and cash and cash equivalents on the basis of expected cash flows.

B. Market risk

Market risk is the risk that the fair value or future cash flows of a financial instrument will fluctuate because of changes in market prices. The Company has insignificant exposure to market risk at end of the reporting period and does not have any exposure to foreign currecny transctions.

¹⁹ Financial Instruments

(i) The fair values of the financial assets and liabilities are included at the amount at which the instruments can be exchanged in a current transaction between willing parties, other than in a forced or liquidation sale

The following methods and assumptions were used to estimate the fair values:

a) The carrying amounts of cash and cash equivalents, inter corporate deposits, trade payables, other financial assets and other financial liabilities are considered to be the same as their fair values, due to their short-term nature.

b) For financial assets and liabilities that are measured at fair value, the carrying amounts are equal to the fair values

(ii) The Company uses the following hierarchy for determining and disclosing the fair value of financial instruments by valuation technique:

Level 1: Unadjusted quoted prices in active markets for identical assets or liabilities.

Level 2: Directly or indirectly observable market inputs, other than level 1 inputs; and Level 3: Inputs which are not based on observable market data

Return on Equity, Net profit ratio and Return on capital employed: Due to no business activity in current year, there has been substantial reduction in the ratio. For all the ratios above, there has been no turnover in the current financial year, thus the same is not calculated.

Where,

Shareholder''s Equity = Equity Share Capital Reserve and Surplus Capital Employed = Share holder''s Equity Long term debt Net Assets = Total Assets - Current Liability

21 Additional Regulatory Informaton details in Clause 6L of General Instructions given in Part I of

Division II of schedule III to the Companies Act, 2013 are furnished to extent applicable to the Company.

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

ii) The Company has not revalued its property, plant and equipment (including right-of-use assets) or intangible assets or both during the current or previous year.

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

iv) 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 (UltimateBeneficiaries) or

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

v) 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

vi) The Company has not 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

vii) The Company has no borrowings from banks and financial institutions on the basis of security of current assets.

None of the entities in the Company have been declared wilful defaulter by any bank or financial institution

viii) or government or any government authority.

ix) The Company has complied with the number of layers prescribed under the Companies Act, 2013.

x) The Company has not entered into any scheme of arragment which has an accounting impact on current or previous financial year.

22 RECENT PRONOUNCEMENTS

Ministry of Corporate Affairs ("MCA") notifies new standards or amendments to the existing standards under Companies (Indian Accounting Standards) Rules as issued from time to time. As at 31 March 2024, MCA has not notified any new standards or amendments to the existing standards which are applicable to the Company

---

Mar 31, 2010

1. RELATED PARTY DISCLOSURES

Names of related parties :

Enterprises and persons having a direct or 1. Manali Investment & Finance Pvt Ltd.

indirect significant influence over the 2. Shiraz Realtors Pvt Ltd

Company 3. Gstaad Trading Co. Pvt Ltd.

4. Lavina Contractors & Developers Pvt Ltd.

5. Bloomingdale Trading Co. Pvt Ltd.

6. Villa-Capri Developers Pvt Ltd.

2. The nature of activities of the Company is such that there are neither reportable nor geographical segment in terms of Accounting Standard 17 on "Segment Reporting" issued by the Institute of Chartered Accountants of India.

3. Since there are no material adjustments between both book profit and income tax profit, the Deferred Tax assets or Liabilities is Nil in accordance with Accounting Standard 22 on "Accounting for Taxes on Income" issued by the Institute of Chartered Accountants of India.

4. Previous years figures have been regrouped, reclassified and recast wherever necessary to confirm with those of the current year.