Notes to Accounts of Weizmann Ltd.

Mar 31, 2026

F) Provisions and Contingent liabilities

A provision is recognized if, as a result of a past event, the Company has a present legal or constructive obligation that can be estimated
reliably, and it is probable that an outflow of economic benefits will be required to settle the obligation. Provisions are determined by
discounting the expected future cash flows at a pre-tax rate that reflects current market assumptions of the time value of money and the risks
specific to the liability. The unwinding of discount is recognized as finance cost.

The amount recognized as a provision is the best estimate of the consideration required to settle the present obligation at reporting date,
taking into account the risks and uncertainties surrounding the obligation.

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, the receivable is
recognized as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

A provision for onerous contract is measured at the present value of the lower of the expected cost of terminating the contract and the
expected net cost of continuing with the contract.

Contingent liabilities are possible obligations that arise from past events and whose existence will only be confirmed by the occurrence or non¬
occurrence of one or more future events not wholly within the control of the Company. Where it is not probable that an outflow of economic
benefits will be required, or the amount cannot be estimated reliably, the obligation is disclosed as a contingent liability, unless the probability
of outflow of economic benefits is remote.

G) Employee Benefits Expense

Short Term Employee Benefits : The undiscounted amount of short term employee benefits expected to be paid in exchange for the
services rendered by employees are recognised as an expense during the period when the employees render the services.

Post-Employment Benefits :

Defined Contribution Plans - A defined contribution plan is a post-employment benefit plan under which the Company pays specified
contributions to a separate entity. The Company makes specified monthly contributions towards Provident Fund. The Company''s contribution is
recognised as an expense in the Statement of Profit and Loss during the period in which the employee renders the related service.

Defined Benefit Plans - The Company pays gratuity to the employees whoever has completed five years of service with the Company at the
time of resignation / superannuation. The gratuity is paid @15 days salary for every completed year of service as per the Payment of Gratuity
Act 1972 or otherwise contractually agreed with the employees.

The gratuity liability amount is contributed to the approved gratuity fund formed (LIC) exclusively for gratuity payment to the employees. The
gratuity fund has been approved by Income Tax authorities.

The liability in respect of gratuity and other post-employment benefits is calculated using the Projected Unit Credit Method and spread over the
period during which the benefit is expected to be derived from employees'' services.

Re-measurement of defined benefit plans in respect of post-employment are charged to the Other Comprehensive Income.

On November 21, 2025, the Government of India notified the four Labour Codes - the Code on Wages, 2019, the Industrial Relations Code,
2020, the Code on Social Security, 2020, and the Occupational Safety, Health and Working Conditions Code, 2020 (collectively "new Labour
Codes") - consolidating 29 existing labour laws. In accordance with the new Labour Codes, the Company has currently estimated and
accounted for the incremental impact on retiral benefits under employee cost for the year ended March 31, 2026. The Company continues to
monitor developments on the Rules to be notified by regulatory authorities, including clarifications/additional guidance from authorities and will
continue to assess the accounting implications, basis such developments/guidance.

H) Tax Expenses

Income tax comprises of current and deferred tax. It is recognised in profit or loss except to the extent that it relates to a business
combination or to an item recognised directly in equity or in other comprehensive income.

Current tax

Current tax comprises the expected tax payable or receivable on the taxable income or loss for the year and any adjustment to the tax payable
or receivable in respect of previous years. The amount of current tax reflects the best estimate of the tax amount expected to be paid or
received after considering the uncertainty, if any related to income taxes. It is measured using tax rates (and tax laws) enacted or
substantively enacted by the reporting date.

Deferred tax

Deferred tax is recognised in respect of temporary differences between the carrying amounts of assets and liabilities for financial reporting
purposes and the corresponding amounts used for taxation purposes. Deferred tax is also recognised in respect of carried forward tax losses
and tax credits.

Deferred tax assets are recognised to the extent that it is probable that future taxable profits will be available against which they can be used.

Deferred tax assets recognised or unrecognised are reviewed at each reporting date and are recognised / reduced to the extent that it is
probable / no longer probable respectively that the related tax benefit will be realised.

Deferred tax is measured at the tax rates that are expected to apply to the period when the asset is realised or the liability is settled, based on
the laws that have been enacted or substantively enacted by the reporting date.

The measurement of deferred tax reflects the tax consequences that would follow from the manner in which the Company expects, at the
reporting date, to recover or settle the carrying amount of its assets and liabilities.

The Company offsets, the current tax assets and liabilities (on a year on year basis) and deferred tax assets and liabilities, where it has a
legally enforceable right and where it intends to settle such assets and liabilities on a net basis.

I) Foreign currencies transactions

Transactions in foreign currencies are initially recorded by the company at their functional currency spot rates at the date of the transaction.
Monetary assets and liabilities denominated in foreign currency are translated at the functional currency spot rates of exchange at the
reporting date. Exchange differences that arise on settlement of monetary items or on reporting at each balance sheet date of the Company''s
monetary items at the closing rates are recognised as income or expenses in the period in which they arise. Non-monetary items which are
carried at historical cost denominated in a foreign currency are reported using the exchange rates at the date of transaction. Non-monetary
items measured at fair value in a foreign currency are translated using the exchange rates at the date when the fair value is determined.

J) Revenue recognition

The Company has adopted Ind AS 115 - ''Revenue from contracts with customers'' with effect from April 01, 2018. Revenue from the sale of
goods in the course of ordinary activities is recognised at the ''transaction price'' when the goods are ''transferred'' to the customer. The
''transaction price'' is the amount of consideration to which the Company expects to be entitled in exchange for transferring promised goods to a
customer, excluding amounts collected on behalf of third parties (for example, goods and service tax). The consideration promised in a
contract with a customer may include fixed amounts, variable amounts, or both. The goods are considered as ''transferred'' when the customer
obtains control of those goods.

Revenue from services are recognised in the accounting period in which service are rendered. For fixed price contracts, revenue is recognised
based on actual services provided to the end of the reporting period as a proportion of the total services to be provided.

K) Interest Income - Interest income is recognised using Effective Interest Rate (EIR) method.

Income on Inter Corporate Deposits is accounted for on time accrual basis.

It is the policy of the company to provide for all income and expenses on accrual basis.

L) Dividend Income - Revenue is recognised when the Company''s right to receive the payment has been established.

M) Financial instruments

i) Financial Assets

a Recognition and measurement

All financial assets and liabilities are initially recognized at fair value. Transaction costs that are directly attributable to the acquisition or
issue of financial assets and financial liabilities, which are not at fair value through profit or loss, are adjusted to the fair value on initial
recognition. Purchase and sale of financial assets are recognised using trade date accounting.

A Financial asset is measured at amortized cost if it is held with objective to hold the asset in order to collect contractual cash flows as
and when due.

A financial assets is measured at FVTOCI if it is held with an objective to achieve collecting contractual cash flows as and when due and
selling financial assets.

A financial assets which is not classified under any of the above categories are measured at FVTPL.
b Investment in Associates

The Company has accounted for its investments in associates at cost.
c Other Equity Investments

All other equity investments and equity instruments held for trading are measured at fair value, with value changes recognised in
Statement of Profit and Loss, except for those equity investments for which the Company has elected to present the value changes in
''Other Comprehensive Income''.

d Investment in Bonds

The Company has accounted for its investments in Bonds at amortised cost.
e Impairment of financial assets

For trade receivables Company applies ''simplified approach'' which requires expected lifetime losses to be recognised from initial
recognition of the receivables. The Company uses historical default rates to determine impairment loss on the portfolio of trade
receivables. At every reporting date these historical default rates are reviewed and changes in the forward looking estimates are
analysed.

f De-recognition

The Company derecognises a financial asset when the contractual rights to the cash flows from the financial asset expire, or it transfers
the right to receive the contractual cash flows in a transaction in which substantially all of the risks and rewards of ownership of the
financial assets are transferred or in which the Company neither transfers nor retains substantially all of the risks and rewards of
ownership and does not retain control of the financial asset.

If the Company enters into transactions whereby it transfers assets recognised on its balance sheet but retains either all or substantially
all of the risks and rewards of the transferred assets, the transferred assets are not derecognised.

ⁱⁱ⁾ Financial liabilities

Recognition and measurement - All financial liabilities are recognized at fair value and in case of loans, net of directly attributable
cost. Fees of recurring nature are directly recognised in the Statement of Profit and Loss as finance cost.

For trade and other payables maturing within one year from the balance sheet date, the carrying amounts approximate fair value due to
the short maturity of these instruments.

De-recognition

The Company derecognises a financial liability when its contractual obligations are discharged or cancelled or expire.

The Company also derecognises a financial liability when its terms are modified and the cash flows under the modified terms are
substantially different. In this case, a new financial liability based on the modified terms is recognised at fair value. The difference
between the carrying amount of the financial liability extinguished and a new financial liability with modified terms is recognised in the
statement of profit and loss.

iii) Offsetting

Financial assets and financial liabilities are offset and the net amount presented in the balance sheet when, and only when, the Company
currently has a legally enforceable right to set off the amounts and it intends either to settle them on a net basis or realise the asset and
settle the liability simultaneously.

N) Cash and Cash Equivalents

Cash and Cash Equivalents consist of cash on hand, cash at banks, demand deposits from banks and short term, highly liquid instruments.

O) Earnings per share

Basic earnings per share are calculated by dividing the net profit or loss for the year attributable to equity shareholders by the weighted
average number of equity shares outstanding during the period/year.

Diluted earnings per share are computed by dividing the profit after tax as adjusted for dividend, interest and other charges to expense or
income (net of any attributable taxes) relating to the dilutive potential equity shares, by the weighted average number of equity shares
considered for deriving basic earnings per share and the weighted average number of equity shares which could have been issued on
conversion of all dilutive potential equity shares.

P) Classification of current/ non current assets and liabilities

All assets and liabilities are presented as current or non current as per the Company''s normal operating cycle and other criteria set out in
Schedule III of the Companies Act,2013 and Ind AS 1 Presentation of financial statements. Based on the nature of products and the time
between the acquisition of assets for processing and their realisation, the Company has ascertained its operating cycle as 12 months for the
purpose of current/non current classification of assets and liabilities.

Q) Measurement of fair values

A number of the Company''s accounting policies and disclosures require the measurement of fair values, for both financial assets and liabilities.
The Company has an established control framework with respect to the measurement of fair values.

Fair values are categorised into different levels in a fair value hierarchy based on the inputs used in the valuation techniques as follows.

Level 1: quoted prices (unadjusted) in active markets for identical assets or liabilities.

Level 2: inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either directly (i.e. as prices) or
indirectly (i.e. derived from prices).

Level 3: inputs for the asset or liability that are not based on observable market data (unobservable inputs).

When measuring the fair value of an asset or a liability, the Company uses observable market data as far as possible. If the inputs used to
measure the fair value of an asset or a liability fall into different levels of the fair value hierarchy, then the fair value measurement is
categorised in its entirety in the same level of the fair value hierarchy as the lowest level input that is significant to the entire measurement.

The Company recognises transfers between levels of the fair value hierarchy at the end of the reporting period during which the change has
occurred.

R) Cash flow statement

Cash flows are reported using the indirect method, whereby profit for the period is adjusted for the effects of transactions of a non-cash
nature, any deferrals or accruals of past or future operating cash receipts or payments and item of income or expenses associated with
investing or financing cash flows. The cash flows from operating, investing and financing activities of the Company are segregated. The
company considers all highly liquid investments that are readily convertible to known amounts of cash to be cash equivalents.

1.5 ACCOUNTING JUDGEMENTS AND ESTIMATION OF UNCERTAINITY

a Depreciation and useful lives of property plant and equipment

Property, plant and equipment are depreciated over their estimated useful lives, after taking into account estimated residual value.
Management reviews the estimated useful lives and residual values of the assets annually in order to determine the amount of depreciation to
be recorded during any reporting period. The useful lives and residual values are based on the Company''s historical experience with similar
assets. The depreciation for future periods is revised if there are significant changes from previous estimates.

b Recoverability of trade receivable

Judgements are applied in assessing the recoverability of overdue trade receivables and determining whether a provision against those
receivables is required.

c Provisions

Provisions and liabilities are recognized in the period when it becomes probable that there will be a future outflow of funds resulting from past
operations or events and the amount of cash outflow can be reliably estimated. The carrying amounts of provisions and liabilities are reviewed
regularly and revised to take account of changing facts and circumstances.

d Defined benefit obligations

The obligation arising from defined benefit plan is determined on the basis of actuarial assumptions. Key actuarial assumptions include
discount rate, trends in salary escalation, actuarial rates and life expectancy. The discount rate is determined by reference to market yields at
the end of the reporting period on government bonds. The period to maturity of the underlying bonds correspond to the probable maturity of
the post-employment benefit obligations.

1.6 Standards issued but not yet effective.

As on the date of approval of these financial statements, there were no new standards or amendments which have been notified but not yet
adopted by the Company and expected to have any material impact on the financial statements of the Company.

The Company has carried out the valuation activity through a Registered Valuer in terms of the Companies Act 2013, to Assess fair
value of its Investment Property. As per the report provided by the Valuer the fair value is Rs.1088.12 Lacs as 31st March, 2026 and
Rs.240 lacs as on 31st March 2025.

The fair value of Investment Property has been derived using the Direct Comparision method based on recent market prices, without
any significant adjustments being made in observation data. Accordingly, fair value estimates for Investment Property is classified as
Level 3.

The Company has no restrictions on the realisability of its Investment Property, and has no contractual obligation to purchase,
construct or develop Investment Property

NOTE [15.2]

Terms / rights attached to equity shares

a) The Company has only one class of shares having a par Value of Rs. 10/- per Share. Each holder of equity shares is entitled to one vote per
share.

b) In the event of liquidation of the company, the holders of equity shares will be entitled to receive the 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.

c) The company has not issued any shares for consideration other than cash in the last 5 years immediately preceding the reporting date.

d) The company has not issued any Bonus shares in the last 5 years immediately preceding the reporting date.

NOTE [15.3]

Buy Back of Equity Shares

The Board of Directors at its meeting held on 20th August 2024 approved a proposal to buy-back upto 3,65,159 equity shares of the Company for an
aggregate amount not exceeding Rs 584.27 lakhs, being 2.30% of the total paid up equity share capital at Rs 160 per equity share. A Letter of Offer
was made to all eligible shareholders. The Company bought back 3,65,159 equity shares out of the shares that were tendered by eligible shareholders
and extinguished the equity shares on 19th September, 2024. Capital redemption reserve was created to the extent of share capital extinguished (Rs
36.52 lakhs). The excess cost of buy-back of 577.40 lakhs (including Rs.29.64 Lakhs towards transaction cost of buy-back) over par value of shares
and corresponding tax on buy-back of Rs 136.11 lakhs were offset from retained earnings.

1) Retained Earnings :

This reserve represents the cumulative profits of the Company and the effects of remeasurement of defined benefit obligations.
The reserve can be utilised in accordance with the provision of the Companies Act, 2013

2) Capital Redemption Reserve:

The capital redemption reserve may be utilised by the company, in paying up unissued shares of the company to be issued to
the Share Holders of the company as fully paid bonus shares.

3) General Reserve :

General reserve was created from time to time by way of transfer of profits from retained earnings for appropriation purposes
based on the provisions of the Companies Act prior to its amendment.

Note : 38

Segment Reporting

The Company is primarily engaged in the business of textiles processing. Information reported to and evaluated regularly by chief operating
decision maker for the purpose of resource allocation and assessing performance focuses on the business as a whole. Accordingly there is no
other separate segment as per Indian Accounting Standard 108 dealing with "Operating Segment".

Revenue from transactions with a single external customer did not amount to 10% or more of the Company''s revenue from external customers
for current and previous year.

Note : 39

Capital management

The company manages its capital to ensure that it will be able to continue as going concern while maximising the return to stakeholders through
the optimisation of the debt and equity balance.

The capital structure of the company consists of net debt (borrowings as detailed in notes No. 17 & 21 offset by cash and bank balances) and
equity of the Company (comprising issued capital, reserves and retained earnings as detailed in notes 15 and 16.)

The company is not subject to any externally imposed capital requirements.

Gearing Ratio - The gearing ratio at end of the reporting period was as follows.

The sensitivity analysis have been determined based on reasonably possible changes of the respective assumptions
occurring at the end of the reporting period, while holding all other assumptions constant.

The sensitivity analysis presented above may not be representative of the actual change in the defined benefit obligation as
it is unlikely that the change in assumptions would occur in isolation of one another as some of the assumptions may be
correlated.

Furthermore, in presenting the above sensitivity analysis, the present value of the defined benefit obligation has been
calculated using the projected unit credit method at the end of the reporting period, which is the same method as applied in
calculating the defined benefit obligation as recognised in the balance sheet.

There was no change in the methods and assumptions used in preparing the sensitivity analysis from prior year.

B. Defined Contribution Plan

The company’s provident fund schemes which are administered through Government of India are defined contribution plan.
The company’s contribution paid / payable under the scheme is recognised as expense in the statement of profit and loss
during the year in which the employee renders the related services. There are no other obligations other than the contribution
payable to the respective fund.

The amount recognised as an expense and included in the note “Employee benefits - Contribution to Provident and other
funds” of the statement of profit and loss is Rs 30.80 Lacs (P Y: Rs 23.52 Lacs).

b) Valuation Methodology

All Financial Instruments are initially recognised and subsequantly re-measured at fair value as detailed below

a) The Fair Value of investment in Quoted equity share,Government securities and mutual funds is measured at quoted price or NAV

b) The Fair Value of investment of unquoted equity shares in other than Associate is detrmined by valuing such investee companies
at their respective fair values by considering in each of such investee companies, the value of immovable properties considered by
revenue authorities for determing the stamp duty amount,the quoted equity shares at their quoted price, and for unquoted equity
shares by adopting the method of determination as above i.e.finding the fair value of such unquoted entities and other assets and
liabilities at their carrying costs.

The financial instruments are categorised into two levels based on the inputs used to arrive at fair value of measurements as
described below :

Level 1 : Level 1 hierarchy includes financial instruments measured using quoted prices. This includes listed equity instruments,
traded bonds and mutual funds that have quoted price. The fair value of all equity instruments (inlcuding bonds) which are traded in
the stock exchanges is valued using the closing price as at the reporting period.

Level 2 : The fair value of financial instruments that are not traded in an active market (for example, traded bonds, over-the-counter
derivates) is determined using valuation techniques which maximise the use of observable market data and rely as little as possible
on entity-specific estimates. If all significant inputs required to fair value an instrument are observable, the instrument is included in
level 2. The mutual funds are valued using the closing NAV.

Level 3 : If one or more of the significant inputs is not based on observable market data, the instrument is included in level 3. This is
the case for unlisted equity securities, contingent consideration and indemnification asset included in level 3.

c) Financial risk management

The Company has exposure to the following risks arising from financial instruments:

¦ Credit risk;

¦ Liquidity risk; and

¦ Market risk

(i) Risk management framework

The Company''s Board of Directors has overall responsibility for the establishment and oversight of the Company''s risk management
framework.

The Company''s risk management policies are established to identify and analyse the risks faced by the Company, to set appropriate
risk limits and controls and to monitor risks and adherence to limits. Risk management policies and systems are reviewed regularly to
reflect changes in market conditions and the Company''s activities. The Company, through its training and management standards and
procedures, aims to maintain a disciplined and constructive control environment in which all employees understand their roles and
obligations.

The audit committee oversees how management monitors compliance with the company''s risk management policies and procedures,
and reviews the adequacy of the risk management framework in relation to the risks faced by the Company. The audit committee is
assisted in its oversight role by internal audit. Internal audit undertakes both regular and ad hoc reviews of risk management controls
and procedures, the results of which are reported to the audit committee.

(ii) Credit risk

Credit risk is the risk of financial loss to the Company if a customer or counterparty to a financial instrument fails to meet its
contractual obligations, and arises principally from the Company''s receivables from customers and investments in debts.

The carrying amount of following financial assets represents the maximum credit exposure:

Trade and other receivables

The Company''s exposure to credit risk is influenced mainly by the individual characteristics of each customer. However, management
also considers the factors that may influence the credit risk of its customer base, including the default risk of the industry and country
in which customers operate.

The Company establishes an allowance for impairment that represents its estimate of expected losses in respect of trade and other
receivables.

At 31 March 2026, the Company is involved only in domestic sales and has no export sales. Hence, there is no credit risk exposure
outside India.

(iii) Liquidity risk

Liquidity risk is the risk that the Company will encounter difficulty in meeting the obligations associated with its financial liabilities that
are settled by delivering cash or another financial asset. The Company''s approach to managing liquidity is to ensure, as far as
possible, that it will have sufficient liquidity to meet its liabilities when they are due, under both normal and stressed conditions,
without incurring unacceptable losses or risking damage to the Company''s reputation.

(iv) Market risk

Market risk is the risk that changes in market prices - such as interest rates and equity prices - will affect the Company''s income or
the value of its holdings of financial instruments.

(a) Currency risk -

The Company is not exposed to currency risk on account of its borrowings and other payables in foreign currency. The functional
currency of the Company is Indian Rupees. The Company does not use derivative financial instruments for trading or speculative
purposes.

(b) Interest risk -

At the reporting date the interest rate profile of the Company''s interest-bearing financial instruments was as follows

(c) Price Risk

The company''s investments in equity instruments held for trading and other investments carried at fair value through profit and loss
are subject to price risk which may affect the profit and loss of the company.

To manage its price risk, the company diversifies its portfolio. Diversification of the portfolio is done based on internal review and
limits decided by the management from time to time.

A The company has taken premises on cancellable operating leases. These agreements contain a lease term for a period 1-3

years. In such lease agreements, there are no terms for purchase option or any restriction such as those concerning dividend and
additional debts. Lease agreements of the Company do not contain any variable lease payment or any residual value guarantees.
The Company has not entered into any sublease agreement in respect of these leases.

During the year the Company has adopted Ind AS 116. Accordingly, the Company has recognised a Right of Use asset in respect
of each identified asset under leases agreements (other than short term lease of 12 months or less and lease of low value assets)
and corresponding lease liability being the present value of lease payments during the lease term.

d Total cash outflows in respect of lease payments (including short term and low value leases) during the year were Rs. 139.80
Lakhs (Previous Year Rs. 73.80 Lakhs)

Note : 43

Other Regulatory Notes

¹ The Company does not have any Benami property, where any proceeding has been initiated or pending against the Company.

² The Company does not have any transactions with Companies struck off.

³ The Company does not have any charges or satisfaction which is yet to be registered with ROC beyond the statutory period.

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

5 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 intermidiary Shall:

a) directly or indirectly lend or invest in other persons or entities identified in any manner whatsoever by or on behalf of
Company (Ultimate beneficiaries) or

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

6 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,

7 The Company does not have 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

8 The Company does not have any immovable property (other than properties where the Company is the lessee and the lease
agreements are duly executed in favour of the lessee) whose title deeds are not held in the name of the Company.

9 The Company has not made any Loans or Advances in the nature of loans that are granted to promoters, directors, KMPs and the
related parties (as defined under Companies Act, 2013,) either severally or jointly with any other person, that are:

(a) repayable on demand or

(b) without specifying any terms or period of repayment

10 The company has not been declared as a wilful defaulter by any Banks, Financial Institutions or any other Lenders.

---

Mar 31, 2025

NOTE [15.2]

Terms / rights attached to equity shares

a) The Company has only one class of shares having a par Value of Rs. 10/- per Share. Each holder of equity shares is entitled to one vote per share.

b) In the event of liquidation of the company, the holders of equity shares will be entitled to receive the 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.

c) The company has not issued any shares for consideration other than cash in the last 5 years immediately preceding the reporting date.

d) The company has not issued any Bonus shares in the last 5 years immediately preceding the reporting date.

NOTE [15.3]

Buy Back of Equity Shares

The Board of Directors at its meeting held on 20th August 2024 approved a proposal to buy-back upto 3,65,159 equity shares of the Company for an aggregate amount not exceeding Rs 584.27 lakhs, being 2.30% of the total paid up equity share capital at Rs 160 per equity share. A Letter of Offer was made to all eligible shareholders. The Company bought back 3,65,159 equity shares out of the shares that were tendered by eligible shareholders and extinguished the equity shares on 19th September, 2024. Capital redemption reserve was created to the extent of share capital extinguished (Rs 36.52 lakhs). The excess cost of buy-back of 577.40 lakhs (including Rs.29.64 Lakhs towards transaction cost of buy-back) over par value of shares and corresponding tax on buy-back of Rs 136.11 lakhs were offset from retained earnings.

1) Retained Earnings :

This reserve represents the cumulative profits of the Company and the effects of remeasurement of defined benefit obligations. The reserve can be utilised in accordance with the provision of the Companies Act, 2013

2) Capital Redemption Reserve:

The capital redemption reserve may be utilised by the company, in paying up unissued shares of the company to be issued to the Share Holders of the company as fully paid bonus shares.

3) General Reserve

The Company had transferred a portion of the net profit of the Company before declaring dividend to General Reserve pursuant to the earlier provisions of Companies Act, 1956. Mandatory transfer to General Reserve is not required under the Companies Act, 2013. General Reserve is used from time to time to transfer profits from retained earnings for appropriation purposes. As the General Reserve is created by a transfer from one component of equity to another and is not an item of other comprehensive income, items included in the General Reserve will not be reclassified subsequently to statement of profit or loss.

Note : 38

Segment Reporting

The Company is primarily engaged in the business of textiles processing. Information reported to and evaluated regularly by chief operating decision maker for the purpose of resource allocation and assessing performance focuses on the business as a whole. Accordingly there is no other separate segment as per Indian Accounting Standard 108 dealing with "Operating Segment".

Revenue from transactions with a single external customer did not amount to 10% or more of the Company''s revenue from external customers for current and previous year.

Note : 39

Capital management

The company manages its capital to ensure that it will be able to continue as going concern while maximising the return to stakeholders through the optimisation of the debt and equity balance.

The capital structure of the company consists of net debt (borrowings as detailed in notes No. 17 & 21 offset by cash and bank balances) and equity of the Company (comprising issued capital, reserves and retained earnings as detailed in notes 15 and 16.)

The sensitivity analysis have been determined based on reasonably possible changes of the respective assumptions occurring at the end of the reporting period, while holding all other assumptions constant.

The sensitivity analysis presented above may not be representative of the actual change in the defined benefit obligation as it is unlikely that the change in assumptions would occur in isolation of one another as some of the assumptions may be correlated.

Furthermore, in presenting the above sensitivity analysis, the present value of the defined benefit obligation has been calculated using the projected unit credit method at the end of the reporting period, which is the same method as applied in calculating the defined benefit obligation as recognised in the balance sheet.

b) Valuation Methodology

All Financial Instruments are initially recognised and subsequantly re-measured at fair value as detailed below

a) The Fair Value of investment in Quoted equity share,Government securities and mutual funds is measured at quoted price or NAV

b) The Fair Value of investment of unquoted equity shares in other than Associate is detrmined by valuing such investee companies at their respective fair values by considering in each of such investee companies, the value of immovable properties considered by revenue authorities for determing the stamp duty amount,the quoted equity shares at their quoted price, and for unquoted equity shares by adopting the method of determination as above i.e.finding the fair value of such unquoted entities and other assets and liabilities at their carrying costs.

The financial instruments are categorised into two levels based on the inputs used to arrive at fair value of measurements as described below :

Level 1 : Level 1 hierarchy includes financial instruments measured using quoted prices. This includes listed equity instruments, traded bonds and mutual funds that have quoted price. The fair value of all equity instruments (inlcuding bonds) which are traded in the stock exchanges is valued using the closing price as at the reporting period.

Level 2 : The fair value of financial instruments that are not traded in an active market (for example, traded bonds, over-the-counter derivates) is determined using valuation techniques which maximise the use of observable market data and rely as little as possible on entity-specific estimates. If all significant inputs required to fair value an instrument are observable, the instrument is included in level 2. The mutual funds are valued using the closing NAV.

Level 3 : If one or more of the significant inputs is not based on observable market data, the instrument is included in level 3. This is the case for unlisted equity securities, contingent consideration and indemnification asset included in level 3.

c) Financial risk management

The Company has exposure to the following risks arising from financial instruments:

¦ Credit risk;

¦ Liquidity risk; and

¦ Market risk

(i) Risk management framework

The Company''s Board of Directors has overall responsibility for the establishment and oversight of the Company''s risk management framework.

The Company''s risk management policies are established to identify and analyse the risks faced by the Company, to set appropriate risk limits and controls and to monitor risks and adherence to limits. Risk management policies and systems are reviewed regularly to reflect changes in market conditions and the Company''s activities. The Company, through its training and management standards and procedures, aims to maintain a disciplined and constructive control environment in which all employees understand their roles and obligations.

The audit committee oversees how management monitors compliance with the company''s risk management policies and procedures, and reviews the adequacy of the risk management framework in relation to the risks faced by the Company. The audit committee is assisted in its oversight role by internal audit. Internal audit undertakes both regular and ad hoc reviews of risk management controls and procedures, the results of which are reported to the audit committee.

(ii) Credit risk

Credit risk is the risk of financial loss to the Company if a customer or counterparty to a financial instrument fails to meet its contractual obligations, and arises principally from the Company''s receivables from customers and investments in debts.

Trade and other receivables

The Company''s exposure to credit risk is influenced mainly by the individual characteristics of each customer. However, management also considers the factors that may influence the credit risk of its customer base, including the default risk of the industry and country in which customers operate.

The Company establishes an allowance for impairment that represents its estimate of expected losses in respect of trade and other receivables.

At 31 March 2025, the Company is involved only in domestic sales and has no export sales. Hence, there is no credit risk exposure outside India.

(iii) Liquidity risk

Liquidity risk is the risk that the Company will encounter difficulty in meeting the obligations associated with its financial liabilities that are settled by delivering cash or another financial asset. The Company''s approach to managing liquidity is to ensure, as far as possible, that it will have sufficient liquidity to meet its liabilities when they are due, under both normal and stressed conditions, without incurring unacceptable losses or risking damage to the Company''s reputation.

Exposure to liquidity risk

The following are the remaining contractual maturities of financial liabilities at the reporting date. The amounts are gross and undiscounted, and include estimated interest payments.

(iv) Market risk

Market risk is the risk that changes in market prices - such as interest rates and equity prices - will affect the Company''s income or the value of its holdings of financial instruments.

(v) Currency risk -

The Company is not exposed to currency risk on account of its borrowings and other payables in foreign currency. The functional currency of the Company is Indian Rupees. The Company does not use derivative financial instruments for trading or speculative purposes.

Cash Flow sensitivity analysis for variable-rate instruments

An increase of 50 basis points in interest rates at the reporting date would have decreased gains as at year end by the amounts shown below. This analysis assumes that all other variables remain constant.

A decrease of 50 basis points in interest rates at the reporting date would have had equal but opposite effect on the amounts shown above, on the basis that all other variable remain constant.

(vii) Price Risk

The company''s investments in equity instruments held for trading and other investments carried at fair value through profit and loss are subject to price risk which may affect the profit and loss of the company.

To manage its price risk, the company diversifies its portfolio. Diversification of the portfolio is done based on internal review and limits decided by the management from time to time.

Note: 42

A The company has taken premises on cancellable operating leases. These agreements contain a lease term for a period 1-3 years. In

such lease agreements, there are no terms for purchase option or any restriction such as those concerning dividend and additional debts. Lease agreements of the Company do not contain any variable lease payment or any residual value guarantees. The Company has not entered into any sublease agreement in respect of these leases.

During the year the Company has adopted Ind AS 116. Accordingly, the Company has recognised a Right of Use asset in respect of each identified asset under leases agreements (other than short term lease of 12 months or less and lease of low value assets) and corresponding lease liability being the present value of lease payments during the lease term.

d Total cash outflows in respect of lease payments (including short term and low value leases) during the year were Rs. 73.80 Lakhs (Previous Year Rs. 1.80 Lakhs)

Note : 43

Other Regulatory Notes

1 The Company does not have any Benami property, where any proceeding has been initiated or pending against the Company.

2 The Company does not have any transactions with Companies struck off.

3 The Company does not have any charges or satisfaction which is yet to be registered with ROC beyond the statutory period.

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

5 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 intermidiary Shall:

a) directly or indirectly lend or invest in other persons or entities identified in any manner whatsoever by or on behalf of Company (Ultimate beneficiaries) or

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

6 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,

7 The Company does not have 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

9 The Company does not have any immovable property (other than properties where the Company is the lessee and the lease agreements are duly executed in favour of the lessee) whose title deeds are not held in the name of the Company.

10 The Company has not made any Loans or Advances in the nature of loans that are granted to promoters, directors, KMPs and the related parties (as defined under Companies Act, 2013,) either severally or jointly with any other person, that are:

(a) repayable on demand or

(b) without specifying any terms or period of repayment

11 The company has not been declared as a wilful defaulter by any Banks, Financial Institutions or any other Lenders.

Note : 46

Previous Year figures have been regroupped and reclassified wherever considered necessary.

---

Mar 31, 2024

NOTE [15.2]

Terms / rights attached to equity shares

a) The Company has only one class of shares having a par Value of '' 10/- per Share. Each holder of equity shares is entitled to one vote per share.

b) In the event of liquidation of the company, the holders of equity shares will be entitled to receive the 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.

c) The company has not issued any shares for consideration other than cash in the last 5 years immediately preceding the reporting date.

d) The company has not issued any Bonus shares in the last 5 years immediately preceding the reporting date.

NOTE [15.3]

Buy Back of Equity Shares

The Board of Directors at its meeting held on 16th October 2021 approved a proposal to buy-back upto 14,12,515 equity shares of the Company for an aggregate amount not exceeding Rs 847.51 lakhs, being 8.18% of the total paid up equity share capital at Rs 60 per equity share. The shareholders approved the same on 28th November, 2021 by way of a special resolution through postal ballot. A Letter of Offer was made to all eligible shareholders. The Company bought back 14,12,515 equity shares out of the shares that were tendered by eligible shareholders and extinguished the equity shares on 7th February, 2022. Capital redemption reserve was created to the extent of share capital extinguished (Rs 141.25 lakhs). The excess cost of buy-back of 731.31 lakhs crore (including Rs.25.06 Lakhs towards transaction cost of buy-back) over par value of shares and corresponding tax on buy-back of Rs 164.53 lakhs were offset from retained earnings.

1) Retained Earnings :

This reserve represents the cumulative profits of the Company and the effects of remeasurement of defined benefit obligations. The reserve can be utilised in accordance with the provision of the Companies Act, 2013

2) Capital Redumption Rserve:

The capital redemption reserve may be utilised by the company, in paying up unissued shares of the company to be issued to the Share Holders of the company as fully paid bonus shares.

Note No: 38 Segment Reporting

Since the Company has only one Segment i.e. textile business, hence segment reporting has not been furnished.

Note No: 39 Capital management

The company manages its capital to ensure that it will be able to continue as going concern while maximising the return The capital structure of the company consists of net debt (borrowings as detailed in notes No. 17 & 23 offset by cash The company is not subject to any externally imposed capital requirements.

b) Valuation Methodology

All Financial Instruments are initially recognised and subsequantly re-measured at fair value as detailed below

a) The Fair Value of investment in Quoted euqity share,Government securities and mutual funds is measured at quoted price or NAV

b) The Fair Value of investment of unquoted equity shares in other than Associate is detrmined by valuing such investee companies at their respective fair values by considering in each of such investee companies, the value of immovable properties considered by revenue authorities for determing the stamp duty amount,the quoted equity shares at their quoted price, and for unquoted equity shares by adopting the method of determination as above i.e.finding the fair value of such unquoted entities and other assets and liabilities at their carrying costs.

The financial instruments are categorised into two levels based on the inputs used to arrive at fair value of measurements as described below :

Level 1 : Level 1 hierarchy includes financial instruments measured using quoted prices. This includes listed equity instruments, traded bonds and mutual funds that have quoted price. The fair value of all equity instruments (inlcuding bonds) which are traded in the stock exchanges is valued using the closing price as at the reporting period.

Level 2 : The fair value of financial instruments that are not traded in an active market (for example, traded bonds, over-the-counter derivates) is determined using valuation techniques which maximise the use ofobservable market data and rely as little as possible on entity-specific estimates. If all significant inputs required to fair value an instrument are observable, the instrument is included in level 2. The mutual funds are valued using the closing NAV.

Level 3 : If one or more of the significant inputs is not based on observable market data, the instrument is included in level 3. This is the case for unlisted equity securities, contingent consideration and indemnification asset included in level 3.

c) Financial risk management

The Company has exposure to the following risks arising from financial instruments:

¦ Credit risk;

¦ Liquidity risk; and

¦ Market risk

(i) Risk management framework

The Company''s Board of Directors has overall responsibility for the establishment and oversight of the Company''s risk management framework.

The Company''s risk management policies are established to identify and analyse the risks faced by the Company, to set appropriate risk limits and controls and to monitor risks and adherence to limits. Risk management policies and systems are reviewed regularly to reflect changes in market conditions and the Company''s activities. The Company, through its training and management standards and procedures, aims to maintain a disciplined and constructive control environment in which all employees understand their roles and obligations.

The audit committee oversees how management monitors compliance with the company''s risk management policies and procedures, and reviews the adequacy of the risk management framework in relation to the risks faced by the Company. The audit committee is assisted in its oversight role by internal audit. Internal audit undertakes both regular and ad hoc reviews of risk management controls and procedures, the results of which are reported to the audit committee.

(ii) Credit risk

Credit risk is the risk of financial loss to the Company if a customer or counterparty to a financial instrument fails to meet its contractual obligations, and arises principally from the Company''s receivables from customers and investments in debts

The carrying amount of following financial assets represents the maximum credit exposure:

Trade and other receivables

The Company''s exposure to credit risk is influenced mainly by the individual characteristics of each customer. However, management also considers the factors that may influence the credit risk of its customer base, including the default risk of the industry and country in which customers operate.

The Company establishes an allowance for impairment that represents its estimate of expected losses in respect of trade and other receivables.

At 31 March 2024, the Company is involved only in domestic sales and has no export sales. Hence, there is no credit risk exposure outside India.

(iii) Liquidity risk

Liquidity risk is the risk that the Company will encounter difficulty in meeting the obligations associated with its financial liabilities that are settled by delivering cash or another financial asset. The Company''s approach to managing liquidity is to ensure, as far as possible, that it will have sufficient liquidity to meet its liabilities when they are due, under both normal and stressed conditions, without incurring unacceptable losses or risking damage to the Company''s reputation.

Exposure to liquidity risk

The following are the remaining contractual maturities of financial liabilities at the reporting date. The amounts are gross and undiscounted, and include estimated interest payments.

(iv) Market risk

Market risk is the risk that changes in market prices - such as interest rates and equity prices - will affect the Company''s income or the value of its holdings of financial instruments.

(v) Currency risk -

The Company is not exposed to currency risk on account of its borrowings and other payables in foreign currency. The functional currency of the Company is Indian Rupees. The Company does not use derivative financial instruments for trading or speculative purposes.

A decrease of 50 basis points in interest rates at the reporting date would have had equal but opposite effect on the amounts shown above, on the basis that all other variable remain constant.

(vii) Price Risk

The company''s investments in equity instruments held for trading and other investments carried at fair value through profit and loss are subject to price risk which may affect the profit and loss of the company.

To manage its price risk, the company diversifies its portfolio. Diversification of the portfolio is done based on internal review and limits decided by the management from time to time.

Note No: 42

A The company has taken premises on cancellable operating leases. These agreements contain a lease term for a period 1-3 years. In such lease agreements, there are no terms for purchase option or any restriction such as those concerning dividend and additional debts. Lease agreements of the Company do not contain any variable lease payment or any residual value guarantees. The Company has not entered into any sublease agreement in respect of these leases.

During the year the Company has adopted Ind AS 116. Accordingly, the Company has recognised a Right of Use asset in respect of each identified asset under leases agreements (other than short term lease of 12 months or less and lease of low value assets) and corresponding lease liability being the present value of lease payments during the lease term.

d Total cash outflows in respect of lease payments (including short term and low value leases) during the year were Rs. 1.80 Lakhs (Previous Year Rs. 1.80 Lakhs)

Note No: 43

1 The Company does not have any Benami property, where any proceeding has been initiated or pending against the Company.

2 The Company does not have any transactions with Companies struck off.

3 The Company does not have any charges or satisfaction which is yet to be registered with ROC beyond the statutory period.

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

5 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 intermidiary Shall:

a) directly or indirectly lend or invest in other persons or entities identified in any manner whatsoever by or on behalf of Company (Ultimate beneficiaries) or

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

6 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,

7 The Company does not have 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

9 The Company does not have any immovable property (other than properties where the Company is the lessee and the lease agreements are duly executed in favour of the lessee) whose title deeds are not held in the name of the Company.

10 The Company has not made any Loans or Advances in the nature of loans that are granted to promoters, directors, KMPs and the related parties (as defined under Companies Act, 2013,) either severally or jointly with any other person, that are:

(a) repayable on demand or

(b) without specifying any terms or period of repayment

11 The company has not been declared as a wilful defaulter by any Banks, Financial Institutions or any other Lenders.

Note No: 46

Previous Year figures have been regroupped wherever necessary.

---

Mar 31, 2018

Notes to accounts

Sennsitivity Analysis

Rs in Lakh

Defined Benefit Plan	2018	2017	2016
Particulars Impact on Profit and loss
Investments measured at FVTPL (including equity instruments held for trading)
10% Increase in price	10.90	9.92	9.33
10 % Decrease in price	(10.90)	(9.92)	(9.33)
Impact on other comprehensive Income
Investments measured at FVTOCI
10% Increase in price	0.79	0.51	0.43
10% Decrease in price	(0.79)	(0.51)	(0.43)

Note No: 43

The financial statements were approved for issue by the board of directors on May 29, 2018

Note No: 44

Ind AS 101 Reconciliations

Effect of IND AS adoption on the Standalone Balance Sheet as at 31.03.2017 and 01.04.2016

Rs. in lakh

Particulars	As at 31-03-2017			As at 01 -04-2016
	Previous GAAP	Effect of transition to Ind AS	As per Ind AS balance sheet balance sheet	Previous GAAP	Effect of transition to Ind AS	As per Ind AS
ASSETS
Non-current assets
a Property .Plant & Equipment	1735.05		1735.05	1664.28	-	1664.28
b Capital Work in Progress	41.21		41.21	30.43	-	30.43
h Financial Assets					-
(i) Investments	1089.51	194.34	1283.85	1090.51	4.91	1095.42
(ii) Trade Receivables	-		-	-		-
(iii) Loans	551.84		551.84	409.01	-	409.01
(iv) Others ( to be specified)	302.49		302.49	215.21	-	215.21
i Deferred tax assets (net)	-		-	-		-
j Other non-current assets	4.80		4.80	176.52	-	176.52
Current assets						-
a Inventories	521.34		521.34	481.49	-	481.49
b Financial Assets					-
(i) Investments	99.12		99.12	93.12	(0.00)	93.12
(ii) Trade Receivables	587.96		587.96	511.10	-	511.10
(iii) Cash and cash equivalents	98.52		98.52	68.72	-	68.72
(iv) Bank balances other than
(iii) above	16.03		16.03	52.72	-	52.72
(v) Loans	2673.78		2673.78	2556.61	-	2556.61
(vi) Others ( to be specified)	-		-	0.00	-	0.00
c Current Tax Assets (Net)	186.31		186.31	-		-
d Other current assets	12.97	-	12.97	9.11	-	9.11
Total Assets	7920.91	194.34	8115.26	7358.83	4.91	7363.74
EQUITY AND LIABILITIES
Equity
a Equity Share capital	1727.15	-	1727.15	1727.15	-	1727.15
b Other Equity	4611.59	255.44	4867.02	4377.56	3.82	4381.38
LIABILITIES
Non-current liabilites
a Financial Liabilities
(i) Borrowings	11.98	-	11.98	4.39	-	4.39
(ii) Trade payables	-		-	-		-
(iii) Other financial liabilities	240.00	-	240.00	315.00	-	315.00
b Provisions	1.91	-	1.91	19.71	-	19.71
c Deferred tax liabilites (Net)	112.71	42.84	155.55	86.58	1.09	87.67
Current liabilites
a Financial Liabilities
(i) Borrowings	0.00	-	0.00	1.17	-	1.17
(ii) Trade payables	843.31	-	843.31	566.42	-	566.42
(iii) Other financial liabilities	58.97	-	58.97	94.58	-	94.58
b Other current liabilities	23.35	-	23.35	21.25	-	21.25
c Provisions	103.94	(103.94)	0.00	-		-
d Current Tax Liabilities (Net)	186.00	-	186.00	145.00	-	145.00
Total Equity and Liabilities	7920.91	194.34	8115.26	7358.83	4.91	7363.74

Particulars	As on 31.03.2017	As on 01.04.2016
Total Equity as per previous GAAP	6,338.74	6,104.71
Net Gain/(Loss) on Fair Value Through OCI - Equity	151.50	3.82
Impact of Dividend and Dividend Distribution Tax	103.94	-
Total Equity as per IND AS	6,594.18	6,108.53

Effect of IND AS adoption on the Standalone Statement of Profit and Loss for the year ended 31.03.2017

Rs. in Lakh

Particulars	As at 31-03-2017
	Previous GAAP	Effect of transition to Ind AS	As per Ind AS balance sheet
I Revenue from Operations	8387.79	-	8387.79
II Other Income	306.85	-	306.86
III Total Income ( I II)	8694.64	-	8694.64
IV EXPENSES
(a) Cost of Materials Consumed	4895.88	-	4895.88
(b) Purchases of Stock-in-Trade	84.42	-	84.42
(c) Changes in Inventories of Finished goods, Work-in-Progress and Stock-in-Trade	54.15	-	54.15
(d) Manufacturing Expenses	1983.70	-	1983.70
(e) Employee Benefits Expense	454.04	(6.58)	447.47
(f) Finance Costs	4.95	-	4.95
(g) Depreciation and Amortisation Expense	117.09	-	117.09
Less : Amt. Transferred from Revaluation Reserve	(9.28)	9.28	-
(h) Other Expenses	521.33	-	521.33
Total Expenses (IV)	8106.28	2.70	8108.99
V Profit / (Loss) before Exceptional Items and Tax (III - IV)	588.36	(2.70)	585.65
VII Profit / (Loss) before Tax	588.36	(2.70)	585.65
VIM Tax Expense:
(a) Current Tax Expense	186.01	(2.11)	188.11
(b) Current Tax Expense Relating to Earlier Year''s	28.97	-	28.97
(c) Deferred Tax	26.13	-	26.13
IX Profit / (Loss) for the year	347.25	(4.81)	342.44
X Other Comprehensive Income
A) Items that will not be reclassified to profit or loss
Net Gain/(Loss) Of Fair Value - Equity Instruments	-	(189.42)	189.42
Tax On Above	-	41.75	(41.75)
Re-measurement Gains/(Losses) on defined benefit plans	-	6.58	(6.58)
Current Tax Effect	-	(2.11)	2.11
Sub Total	-	(143.21)	143.21
B Items that will be reclassified to profit or loss XI Total Comprehensive Income for the year (Comprising Profit ( Loss) and Other Comprehensive Income for the year)	347.25	138.39	485.66

Reconciliation of the net profit for the year ended March 31, 2017, as reported under previous GAAP and now under Ind AS is as follows:

Particulars	Year Ended 31.03.2017
Net profit as pre previous GAAP	347.25
Re-measurement loss on defined benfit plans accounted in OCI	6.58
Reversal of revaluation reserve utlised in profit and loss account	(9.28)
Tax effect on Above	(2.11)
Net profit as per Ind AS	342.44
Other Comprehensive Income
Net Gain/(Loss) Of Fair Value - Equity Instruments	189.42
Tax effect on Above	(41.75)
Re-measurement Gains/(Losses) on defined benefit plans	(6.58)
Tax effect on Above	2.11
Total Comprehensive Income for the year	485.66

1 Note: Fair Valuation for Financial Assets-

The Company has valued financial assets (other than investment in Associates which are accounted at cost),at fair value. Impact of fair value changes as on date of transition, is recognised in opening reserves and changes thereafter are recognised in Statement of profit and Loss or other Comprehansive income, as the case may be.

2 Note: Deferred Tax-

The impact of transaction adjustments together with Ind AS mandate of using balance sheet approach (against profit and loss approach in the previous GAAP) for the computation of deferred taxes has resulted in changes to the reserves, on the date of transition, with consequential impact to the statment of profit and loss for the Subsequent periods.

3 Note: Remeasurements of post-employment benefit obligation

Under Previous GAAP the Company recognised actuarial gains and losses in the Statement of Profit and Loss. Under Ind AS, re-measurements, i.e., actuarial gains and losses, the return on plan assets excluding amounts included in net interest on the net defined benefit liability are recognised in Other Comprehensive Income instead of Statements of Profit and Loss.

4 Note: Dividend and Dividend Distribution Tax

The company pursuant to Amendment to Accounting Standard 4 - "Contingencies and Events occurring after the Balance Sheet date" effective from 30.03.2016 and in accordance with IND AS 10 - Events after the Reporting Period have recorded the dividend amount for year ended March 31, 2017 approved by the Shareholders at the Annual General Meeting held in F.Y 2017-18, in the Reserves and Surplus of the Financial Statements for F.Y. 2017-18.

5 Note: Other Adjustments

To comply with the Companies (Accounting Standard) Rules, 2006, certain account balances have been regrouped as per the format prescribed under Division II of Schedule III to the Act.

Note No: 45

During the year, the amount required to be spent on Corporate Social Responsibility activities amounted to Rs. 8.47 lakhs in accordance with Section 135 of the Companies Act,2013. The Amounts were spent during current year for Education and Skill Development.

Note No: 46

Previouse year figure were audited by two other firms of chartered accountant jointly.

Note No: 47

Previous year figures have been recast and restated wherever necessary

As per our report of even date attached	For and on behalf of the Board
For Batliboi & Purohit	N.V.Siraj -
Chartered Accountants	DIN: 00021986
Firm Reg. No 101048W	Vice-Chairman And Managing Director
	Chetan D.Mehra -
	DIN: 00022021
	Director
	Navneet K. Pandya-Chief Financial Officer
Atul Mehta	Sushama Vesvikar-
(Partner)	Company Secretary
Membership No: 015935
Place : Mumbai
Dated : 29.05.2018

---

Mar 31, 2016

1. The Company has made necessary provisions as per actuarial valuation for leave encashment and other retirement benefits wherever required as per Accounting Standard 15 under Companies ( Accounting Standards) Rules

2. Estimated amount of contracts remaining to be executed on capital account not provided for [Net of Advances] Rs. Nil [Previous Year Rs. Nil]

3. Based on Information of status of suppliers to the extent received by the company there are no Small Scale Industrial undertakings included in Sundry Creditors to whom the payments are outstanding for a period more than 45 days. Further the company has not received any memorandum (as required to be filed by the suppliers with the notified authority under the micro, Small and Medium Enterprises Development Act, 2006) claiming their status as micro, small or medium enterprises. Consequently the amount paid/payable to these parties during the year is Nil.

4. There are no amounts due and outstanding to be credited to Investors, Education and Protection fund as at 31.03.2016

5. The Gross Block of Fixed assets at Textile Processing House includes Rs.1111.17 lakh [Previous Year - Rs.1111.17 lakh] on account of revaluation of such assets carried out as of 1st March 2000.

Consequently the additional depreciation of Rs.9.28 lakh [Previous year Rs.9.28 lakh] provided in the Statement of Profit & Loss has been recouped by withdrawing an identical amount from Revaluation Reserve and credited to Statement Profit & Loss.

6. In respect of balances of Sundry Creditors / Debtors, Loans and advances, Banks and Unsecured Loans/ICD, confirmations which were not received by the Company in few cases have been accepted and taken as certified by the Director of the Company. In the opinion of management the balances as appearing in the books are fully payable/realizable, as the case may be, in the normal course of business.

7. Disclosures required under Accounting Standard 15 "Employee Benefits as per Companies (Accounting Standards).

The Employee''s Gratuity Fund Scheme managed by Life Insurance Corporation India is a defined benefit plan. The present value of obligation is determined based on actuarial valuation using the projected unit credit method.

8. Loans and Advances to Companies / Firms in which Directors are interested and Associate Companies -NIL

9. Related Party Disclosures for the year ended 31st March 2016

In accordance with the “Accounting Standard 18 - Related Party Disclosure” as per Companies (Accounting Standards) Rules, the Company has compiled and certified the required information as stated below:

10. Related Party and their Relationship Associates

Windia Infrastructure Finance Limited

11.. Secondary Segments :-

There are no reportable secondary segments

12. Previous year figures have been recast and restated wherever necessary

---

Mar 31, 2015

1 Terms / rights attached to equity shares

a) The Company has only one class of shares having a par Value of Rs. 10/- per Share. Each holder of equity shares is entitled to one vote per share.

b) The dividend on equity shares proposed by Board of Directors is subject to approval of shareholders in the ensuing Annual General Meeting

c) In the event of liquidation of the company, the holders of equity shares will be entitled to receive the 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

d) The company has not issued any bonus shares or bought back the equity shares in the last 5 years immediately preceding the balance sheet date

e) The company in FY 2010-2011 had issued equity shares 4410450 of face value of Rs. 10/- each pursuant to scheme of arrangement u/s 391 to 394 of the Companies Act, 1956 sanctioned by the Honorable High Court of Bombay on 29th October, 2010 under which two subsidiary companies were amalgamated with the Company w.e.f. from merger appointed dated 1.4.2009.

2 Contingent Liabilities not provided for in respect of the following:

Rs. in lakh

Year Ended Year Ended 31/3/2015 31/3/2014

i Claims against the Company not acknowledged as debts 191.34 191.34

ii Disputed Income Tax Liabilities 25.77 104.35

iii Guarantees 11797.95 19390.98

3 Estimated amount of contracts remaining to be executed on capital account not provided for [Net of Advances] Rs. Nil [Previous YearRs. 85.50]

4 Based on Information of status of suppliers to the extent received by the company there are no Small Scale Industrial undertakings included in Sundry Creditors to whom the payments are outstanding for a period more than 45 days. Further the company has not received any memorandum (as required to be filed by the suppliers with the notified authority under the micro, Small and Medium Enterprises Development Act, 2006) claiming their status as micro, small or medium enterprises. Consequently the amount paid/payable to these parties during the year is Nil.

5 There are no amounts due and outstanding to be credited to Investors,Education and Protection fund as at 31.03.2015

6 The Gross Block of Fixed assets at Textile Processing House includes Rs. 1111.17 lakh [Previous Year - Rs. 1127.09 lakh] on account of revaluation of such assets carried out as of 1st March 2000. Consequently the additional depreciation of Rs. 9.28 lakh [Previous year Rs. 19.78 lakh] provided in the Statement of Profit & Loss has been recouped by withdrawing an identical amount from Revaluation Reserve and credited to Statement Profit & Loss. Further on sale of assets an amount of Rs. 0.80 lakh has been written back by transferring the said amount from Revaluation Reserve to Profit & Loss Account

7 In respect of balances of Sundry Creditors / Debtors, Loans and advances, Banks and Unsecured Loans/ICD, confirmations which were not received by the Company in few cases have been accepted and taken as certified by the Director of the Company. In the opinion of management the balances as appearing in the books are fully payable/realizable, as the case may be, in the normal course of business.

8 Disclosures required under Accounting Standard 15 "Employee Benefits as per Companies ( Accounting Standards) Rule 2006 are given below:

The Employee's Gratuity Fund Scheme managed by Life Insurance Corporation India is a defined benefit plan. The present value of obligation is determined based on actuarial valuation using the projected unit credit method.

a) Loans and Advances to Companies / Firms in which Directors are interested (Excluding Subsidiary and Associate Companies) - NIL

9 Related Party Disclosures for the year ended 31st March 2015

In accordance with the "Accounting Standard 18 - Related Party Disclosure" as per Companies ( Accounting Standards ) Rules, the Company has compiled and certified the required information as stated below:

A Related Party and their Relationship Subsidiaries Associates

Knitwear Industries Limited * Windia Infrastructure Finance Limited Weizmann International Limited **

* till 21.6.14 ** till 8.6.14

Key Management Personnel Entities Controlled by Key Management Personnel or his Relatives

Mr.Chetan Mehra - Managing Director Brahi Hydro Electric Power Projects Limited Exotic Tourism Projects Private Limited (Frmrly Eco Friendly Energy Projects Pvt Ltd) Greenpower Energy Projects Pvt Ltd Inspeed Power Private Limited Malayamarutha Energy Projects Ltd Sanchay Properties Pvt Ltd Sarvodaya Properties Pvt ltd Samarth Multitrade Pvt Ltd Supportive Insurance Brokers Ltd Tanraj Enterprises Truewind Power Private Limited

10 The company has, on the basis of expected life of Fixed Assets, as prescribed in Schedule II of the Companies Act, 2013, restated figures of Written Down Value of each of such fixed asset, as on 01/04/2014 and in accordance therewith the net difference arising there from aggregating to Rs. 26.85 lakh has been transferred to Retained Earnings and Rs. 1.34 lakh in respect of revalued assets to Revaluation Reserve.

11 The exceptional item represents net gains on divesting of the entire equity stake of the company in its subsidiaries viz., Indian subsidiary, Weizmann International Ltd and Foreign subsidiary, Knitwear Industries Ltd, Malawi.

12 Previous year figures have been recast and restated wherever necessary

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Mar 31, 2014

INR in Lakh

Year Ended Year Ended 31/03/2014 31/03/2013

1 Earnings in Foreign Exchange Export at FOB value 584.36 669.38

2 Expenditure in Foreign

Currency

a CIF Value of Imports 45.40 476.44

b Travelling 7.90 8.08

c Others 0.36 7.46

3 Contingent Liabilities not provided for in respect of the following:

Year Ended Year Ended 31/03/2014 31/03/2013

i Claims against the Company not acknowledged as debts 191.34 157.64

ii Disputed Income Tax Liabilities 104.35 88.37

iii Guarantees 19390.98 13034.20

4 Estimated amount of contracts remaining to be executed on capital account not provided for [Net of Advances] INR 85.50 [Previous Year INR .Nil]

5 Based on Information of status of suppliers to the extent received by the company there are no Small Scale Industrial undertakings included in Sundry Creditors to whom the payments are outstanding for a period more than 45 days. Further the company has not received any memorandum (as required to be filed by the suppliers with the notified authority under the micro, Small and Medium Enterprises Development Act, 2006) claiming their status as micro, small or medium enterprises. Consequently the amount paid/payable to these parties during the year is Nil.

6 There are no amounts due and outstanding to be credited to Investors, Education and Protection fund as at 31.03.2014

7 The Gross Block of Fixed assets at Textile Processing House includes INR 1127.09 lakh [Previous Year - INR 1127.09 lakh] on account of revaluation of such assets carried out as of 1st March 2000. Consequently the additional depreciation of INR 19.78 lakh [Previous year INR 19.78 lakh] provided in the Statement of Profit & Loss has been recouped by withdrawing an identical amount from Revaluation Reserve and credited to Statement Profit & Loss.

8 In respect of balances of Sundry Creditors / Debtors, Loans and advances, Banks and Unsecured Loans/ICD, confirmations which were not received by the Company in few cases have been accepted and taken as certified by the Director. In the opinion of management the balances as appearing in the books are fully payable/realizable, as the case may be, in the normal course of business.

9 Disclosures required under Accounting Standard 15 "Employee Benefits as per Companies ( Accounting Standards) Rule 2006 are given below:

The Employee''s Gratuity Fund Scheme managed by Life Insurance Corporation India is a defined benefit plan. The present value of obligation is determined based on actuarial valuation using the projected unit credit method.

---

Mar 31, 2012

1 Contingent Liabilities not provided for in respect of the following:

Rs. in Lakh Year Ended Year Ended 31/03/2012 31/03/2011

i Claims against the Company not 157.64 157.64 acknowledged as debts

ii Disputed Income Tax Liabilities - 10.67

iii Guarantees 17476.11 11364.51

2 Estimated amount of contracts remaining to be executed on capital account not provided for [Net of Advances] Rs. Nil [Previous Year Rs. Nil]

3 Based on Information of status of suppliers to the extent received by the company there are no Small Scale Industrial undertakings included in Sundry Creditors to whom the payments are outstanding for a period more than 45 days. Further the company has not received any memorandum (as required to be filed by the suppliers with the notified authority under the micro, Small and Medium Enterprises Development Act, 2006) claiming their status as micro, small or medium enterprises. Consequently the amount paid/payable to these parties during the year is Nil.

4 There are no amounts due and outstanding to be credited to Investors, Education and Protection fund as at 31.03.2012.

5 The company has acquired vehicles on hire purchase and the future hire charges payable as of 31st March 2012 are as follows

6 The Gross Block of Fixed assets at Textile Processing House includes Rs. 1127.09 lakh [Previous Year - Rs. 1158.53 lakh] on account of revaluation of such assets carried out as of 1st March 2000. Consequently the additional depreciation of Rs. 20.31 lakh [Previous year Rs. 22.17 lakh] provided in the Statement of Profit & Loss has been recouped by withdrawing an identical amount from Revaluation Reserve and credited to Statement Profit & Loss. Further on sale of assets an amount of Rs. 15.26 lakh has been written back by transferring the said amount from Revaluation Reserve to Statement of Profit & Loss.

7 The agreement under which Factory Building and Plant and Machinery of Textile Division that was given on rent to subsidiary company Weizmann International Limited in FY 2010-2011 was terminated as mutually agreed wef 1.4.2011.

8 In respect of balances of Sundry Creditors / Debtors, Loans and advances, Banks and Unsecured Loans/ICD, confirmations which were not received by the Company in few cases have been accepted and taken as certified by the Director. In the opinion of management the balances as appearing in the books are fully payable/realizable, as the case may be, in the normal course of business.

9 Disclosures required under Accounting Standard 15 "Employee Benefits as per Companies ( Accounting Standards) Rule 2006 are given below:

The Employee's Gratuity Fund Scheme managed by Life Insurance Corporation India is a defined benefit plan. The present value of obligation is determined based on actuarial valuation using the projected unit credit method.

---

Mar 31, 2010

1 Contingent Liabilities not provided for in respect of the following:

Rs. in lakh

Year Ended Year Ended 31/3/2010 31/3/2009

i Claims against the Company not acknowledged as debts 157.64 157.64

ii Disputed Income Tax Liabilities 10.67 17.62

iii Guarantees 1557.18 4779.22

2 Estimated amount of contracts remaining to be executed on capital account not provided for [Net of Advances] Rs Nil [Previous Year Rs.Nil]

3 Based on Information of status of suppliers to the extent received by the company there are no Small Scale Industrial undertakings included in Sundry Creditors to whom the payments are outstanding for a period more than 45 days. Further the company has not received any memorandum (as required to be filed by the suppliers with the notified authority under the micro, Small and Medium Enterprises Development Act, 2006) claiming their status as micro, small or medium enterprises. Consequently the amount paid/payable to these parties during the year is Nil.

4 There are no amounts due and outstanding to be credited to Investors, Education and Protection fund as at 31.03.2010

5 a The company has acquired vehicles on hire purchase and the future hire charges payable as of 31st March 2010 are as follows :

6 The Gross Block of Fixed assets at Textile Processing House includes Rs.1180.28 lakh [Previous Year - Rs.1188.56 lakh] on account of revaluation of such assets carried out as of 1st March 2000. Consequently the additional depreciation of Rs. 13.72 lakh [Previous year Rs 39.70 lakh] provided in the Profit & Loss account has been recouped by withdrawing an identical amount from Revaluation Reserve and credited to Profit & Loss Account.Further on sale of assets an amount of Rs 3.38 lakh has been written back by transfering the said amount from Revaluation Reserve to Profit & Loss Account

7 In respect of balances of Sundry Creditors / Debtors, Loans and advances, Banks and Unsecured Loans/ICD confirmations were not received by the Company in few cases. In the opinion of management the balances as appearing in the books are fully payable/realizable, as the case may be, in the normal course of business.

8 Textile Business Turnover includes export benefits of Rs. 34.51 lakh [Previous Year Rs.140.63 lakh].

9 Dividend Accounts have been taken as it appears in the books of accounts on account of non-receipt of particulars from the banks.

10 Disclosures required under Accounting Standard 15 "Employee Benefits as per Companies ( Accounting Standards) Rule 2006 are given below:

The Employees Gratuity Fund Scheme managed by Life Insurance Corporation India is a defined benefit plan. The present value of obligation is determined based on actuarial valuation using the projected unit credit method.

11 Karma Energy Limited and Weizmann Forex Limited were amalgamated with the Company w.e.f. 1.4.2009 as per a composite scheme of arrangement approved by Honble High Court of Bombay. Hence the figures for the current year is not comparable with those of the previous year.The Previous years figures have been regrouped and rearranged wherever necessary.