Notes to Accounts of Retina Paints Ltd.

Mar 31, 2025

24.2 SEGMENT REPORTING (AS-17)

The accounting policies adopted for segment reporting are in line with the accounting policies of the Company. Segment revenue, segment expenses, segment assets and segment liabilities have been identified to segments on the basis of their relationship to the operating activities of the segment. Inter-segment revenue is accounted on the basis of transactions which are primarily determined based on market/ fair value factors. Revenue and expenses have been identified to segments on the basis of their relationship to the operating activities of the segment.

Revenue, expenses, assets and liabilities which relate to the company as a whole and are not allocable to segments on reasonable basis have been included under “unallocated revenue /expenses/ assets/ liabilities”.

24.3 POST-EMPLOYMENT BENEFITS (GRATUITY AS-15)

Provident fund is defined Contribution scheme and contributions are charged to profit and loss account of the year when the contributions to the respective funds are due. Other retirement benefits such as Gratuity, leave encashment etc., are recognized on basis of an Actuarial Valuation.

In the opinion of the Board, the assets other than fixed assets and noncurrent investments have a value on realization in the ordinary course of business of at least equal to the amount at which they are stated in the balance sheet.

The variation beyond 25% in some of the financial ratios is due to strong growth in Q4, which significantly increased turnover and receivables. In addition, higher capital was employed to sustain this growth momentum. These changes are aligned with the Company’s expansion and are expected to stabilize going forward.

27. Previous year’s figures have been regrouped wherever necessary to conform to the format of Schedule III and the classification adopted in the current year.

Note Nos.24 to 27 above form an integral part of the Balance Sheet and Statement of Profit & Loss.

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Mar 31, 2024

(xiii) PROVISIONS, CONTINGENT LIABILITIES AND CONTINGENT ASSETS:

Provisions involving substantial degree of estimation in measurement are recognized when there is a present obligation as a result of past events and it is probable that there will be an outflow of resources. Contingent Liabilities are not recognized but are disclosed in the notes on accounts. Contingent Assets are neither recognized nor disclosed in the financial statements.

(xiv) EARNINGS PER SHARE:

The basic Earnings Per Share ("EPS") is computed by dividing the net profit after tax for the year by the weighted average number of equity shares outstanding during the year. For the purpose of calculating diluted earnings per share, net profit after tax for the year and the weighted average number of shares outstanding during the year are adjusted for the effects of all dilutive potential equity shares.

(xv) CASH FLOW STATEMENT:

Cash flows are reported using the indirect method, whereby profit / (loss) before extraordinary 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 the available information.

(xvi) GENERAL:

Accounting policies not specifically referred to above are in consistent with the generally accepted accounting principles followed in India. During this year, wordings of some of the accounting policies have been modified/revised to reflect correct meaning in line with the applicable Accounting Standards. However, there has been no change in the accounting policies, which are consistently followed by the company.

24.1 RELATED PARTY DISCLOSURES (AS-18):

Names of the related parties and nature of relationships and particulars of transactions with the said related parties during the year are as follows:

Note: Information of related parties and the relationship is as identified by the Company on the basis of information available with them.

24.2 SEGMENT REPORTING (AS-17)

The accounting policies adopted for segment reporting are in line with the accounting policies of the Company. Segment revenue, segment expenses, segment assets and segment liabilities have been identified to segments on the basis of their relationship to the operating activities of the segment. Inter-segment revenue is accounted on the basis of transactions which are primarily determined based on market/ fair value factors. Revenue and expenses have been identified to segments on the basis of their relationship to the operating activities of the segment.

Revenue, expenses, assets and liabilities which relate to the company as a whole and are not allocable to segments on reasonable basis have been included under “unallocated revenue /expenses/ assets/ liabilities”.

24.3 POST-EMPLOYMENT BENEFITS (GRATUITY AS-15)

Provident fund is defined Contribution scheme and contributions are charged to profit and loss account of the year when the contributions to the respective funds are due. Other retirement benefits such as Gratuity, leave encashment etc., are recognized on basis of an Actuarial Valuation.

27. Previous year’s figures have been regrouped wherever necessary to conform to the format of Schedule III and the classification adopted in the current year.

Note Nos.24 to 27 above form an integral part of the Balance Sheet and Statement of Profit & Loss.

As per our report of even date

For C M T & Associates For and on behalf of the board of directors of

Chartered Accountants Retina Paints Limited

Firm Regn No : 011515S CIN: L24232TG2010PLC071018

Sd/- Sd/- Sd/-

CA. China Masthan T Rakesh Dommati Rajitha Koyyada

Partner Managing Director Whole Time Director

Membership No: 218549 DIN:03214046 DIN:07108068

UDIN: 24218549BKESYD8868

Sd/- Sd/-

Place: Hyderabad Vishnu Vardhan Yadav S Ramu Krishnamachari

Date: 30.05.2024 Chief Financial Officer Company Secretary

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Mar 31, 2023

(xiii) PROVISIONS, CONTINGENT LIABILITIES AND CONTINGENT ASSETS:

Provisions involving substantial degree of estimation in measurement are recognized when there is a present obligation as a result of past events and it is probable that there will be an outflow of resources. Contingent Liabilities are not recognized but are disclosed in the notes on accounts. Contingent Assets are neither recognized nor disclosed in the financial statements.

(xiv) EARNINGS PER SHARE:

The basic Earnings Per Share ("EPS") is computed by dividing the net profit after tax for the year by the weighted average number of equity shares outstanding during the year. For the purpose of calculating diluted earnings per share, net profit after tax for the year and the weighted average number of shares outstanding during the year are adjusted for the effects of all dilutive potential equity shares.

(xv) GENERAL:

Accounting policies not specifically referred to above are in consistent with the generally accepted accounting principles followed in India. During this year, wordings of some of the accounting policies have been modified / revised to reflect correct meaning in line with the applicable Accounting Standards. However, there has been no change in the accounting policies, which are consistently followed by the company.

24.1 RELATED PARTY DISCLOSURES (AS-18):

Names of the related parties and nature of relationships and particulars of transactions with the said related parties during the year are as follows:

24.2 SEGMENT REPORTING (AS-17):

The accounting policies adopted for segment reporting are in line with the accounting policies of the Company. Segment revenue, segment expenses, segment assets and segment liabilities have been identified to segments on the basis of their relationship to the operating activities of the segment. Intersegment revenue is accounted on the basis of transactions which are primarily determined based on market/ fair value factors. Revenue and expenses have been identified to segments on the basis of their relationship to the operating activities of the segment.

Revenue, expenses, assets and liabilities which relate to the company as a whole and are not allocable to segments on reasonable basis have been included under “unallocated revenue /expenses/ assets/ liabilities”.

Reason for variation in ratios of more than 25% change is mainly due to increase in the shareholders’ funds due to issue of equity shares with premium during the year.

27. Previous year’s figures have been regrouped wherever necessary to conform to the format of Schedule III and the classification adopted in the current year.

Note Nos.24 to 27 above form an integral part of the Balance Sheet and Statement of Profit & Loss.

For CMT & Associates For and on behalf of the Board

Chartered Accountants M/s. Retina Paints Limited

FRN: 011515S CIN: U24232TG2010PLC071018

Sd/- Sd/- Sd/-

CA. China Masthan T Rakesh Dommati Koyyada Rajitha

Partner Managing Director Whole Time Director

Membership DIN: 03214046 DIN: 07108068

No.218549

UDIN No:

23218549BGXIPB9414 _Sd/_{- Sd}/_-

Place: Hyderabad Krishnamachari Ramu Ramya Ramakrishnan

Date: 29.05.2023 Company Secretary Chief Financial Officer