Alpine Texworld Ltd. ಖಾತೆಯ ಉಪಯುಕ್ತ ಮಾಹಿತಿ

Mar 31, 2026

a) The Company has assessed the impairment of assets and is of the opinion that since the company is going concern, there is no indication exist for the impairment of the PPE.

b) The useful life of the PPE have been defined in the accounting policies.

c) No PPE have been classified as held for sale in accordance with Ind AS 105.

d) The company has not revalued its Property, Plant & Equipment (including right of use assets).

e) No Capital expenses was incurred on Assets not owned by the company during the year.

f) There is no obsolete asset which has been so far held under Property, Plant & Equipment.

h) There is no amount to be received on account of compensation from third party for items of PPE that were impaired, lost or given to the company that is to be recognized in the statement of profit & Loss account.

i) There are no temporarily idle PPE.

j) Refer Annexure to note no. 15 and 19 for information on property, plant and equipment pledged as securities by the company with Banks

k) The title deeds of immovable properties are held in name of the company.

l) Vehicle included in assets are held in name of director.

m) Factory Building for the Spinning manufacturing plant is constructed by the company on leasehold Land taken from Associate company i.e. Alpine Weaving Private Limited.

Pursuant to Board Resolution dated July 30, 2024 & Shareholders’ resolution dated August 20, 2024, Company has re-classified its paid-up capital from two class of Equity Shares i.e. Class A: 2,38,65,200 ordinary Equity Shares having face value Rs. 10 each with one (1) voting right per share and Class B: 23,57,800 Equity Shares having face value Rs. 10 each with hundred (100) voting right per share into one class of Equity shares i.e., ordinary Equity Shares carries 1 (one) vote per share. Accordingly, the number of issued, subscribed and paid-up Equity Shares of our Company is 2,62,23,000 Equity shares having face value Rs. 10 each with one (1) voting right per share.

The company had vide resolution passed in the Extra ordinary General Meeting of members held on 22nd May, 2025 increased the authorised share capital from Rs. 270 Million to Rs. 400 Million. Further, vide resolution passed in the Extra ordinary General Meeting of members held on 12th July, 2025 increased the authorised share capital from Rs. 400 Million to Rs.425 Million.

The company has issued 2,08,82,050 Class A Equity Shares and 20,63,075 Class B Equity Shares as bonus shares in the ratio of 7 Equity Shares of face valueTO for every 1 Equity Share of face value ? TO held by the Shareholders. The bonus issue was authorized by a resolution passed by the Shareholders at the EGM held on December 10, 2020 with the record date as December 10, 2020.

The company has not issued any shares for consideration other than cash during the last five years.

The company has not bought back any shares during the last five years.

As at reporting date there are no unpaid calls and all shares are fully paid.

As at reporting date no shares being forfeited.

b. Terms/rights attached to Equity Shares

The Company has only one class of equity shares having par value of? 10 per share. Each holder of equity shares is entitled to one vote per share. In the event of liquidation of the Company the holders of the equity shares will be entitled to receive 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 share holders.

Expected Credit Loss (ECL)

The company is engaged in spinning of Cotton yam, sizing and weaving of Cotton / blended Yam including trading of various textile products, where the company is generally receiving its sales proceeds from customers within 6 months.

However, the company has implemented an Expected Credit Loss (ECL) policy to create provisions for credit losses on overdue debtors. According to this policy, no provision is required to be made for debtors outstanding for less than 12 months.

(1) Debtors have been reduced by the amount of credit balance in the debtors group i.e. by the advance received from debtors, and includes the balance of

(2) Creditors refers to creditors for goods.

(3) In the stock statement, the company has considered the debit summation as sales, in accordance with the format prescribed by the Bank.

Reasons for * The above differences are primarily on account of the details being submitted by the company in quarterly statements with the bank on the

variance: provisional/ unaudited books, prior to finalization of the books of accounts.

# The variation in the Valuation of stock is primarily on account of allocation of expense to costing of finished goods

(All amount are in fMillions unless otherwise stated)
35 Contingent liabilities and Capital Commitments :
	As at	As at
Particulars	31st March,	31st March,
	2026	2025
(i) Contingent liabilities: Corporate Guarantees issued by the Company in favour of Alpine Cottweave LLP	557.50	557.50
Outstanding Export Obligation under EPCG Scheme of Rs. 213.78 Millions against Custom Duty Saved Rs. 35.63 Millions 3563		-
Income Tax Outstanding Demand	3.60	2.81
TDS outstanding Demand	0.07	0.07
GST Outstanding Demand	15.01	15.01
	Total 611.80	575.39
(ii) Capital Commitments : Estimated amount of contracts to be executed on capital account	1,400.40
Less: Capital Advances during the year	49.46	-
Less: Executed and Transferred to Capital W.I.P. during the year	156.76	-
Estimated amount of contracts remaining to be executed on capital account and not provided for (net of advances)	Total 1,194.18	: / -

The discount rate is based on the prevailing market yields of Government of India securities as at the balance sheet date for the estimated term of the obligations.

38 Notes on Corporate Social responsibility

As per section 135 of the Companies Act, 2013,

A company, meeting the applicability threshold, needs to spend at least 2% of its average net profit for the immediately preceding three financial years on corporate social responsibility activities, the areas for CSR activities are donation to an a non-profit organisation, that works primarily in the domain of Education, Health, Employment, Tourism, Water, Housing, Sports, Technology, Legal, Human Rights, Food & Nutrition, Tribes, Right to Information & Advocacy, Energy & Environment and Livelihood. _

40 Capital Management

The Company’s objective when managing capital is to:

- Safeguard its ability to continue as going concern so that the company is able to provide maximize return to stakeholders and benefits for other stakeholders.

- Maintain an optimal capital structure to reduce the cost of capital.

The company board of directors reviews the capital structure on a regular basis. As part of this review, the board considers cost of capital, risk associated with each class of capital requirements and maintenance of adequate liquidity.

The Company monitors capital using gearing ratio, which is net debt (total debt less cash and bank balances and other current financial assets) divided by total equity.

41 Financial Instruments - Disclosure

Financial assets and financial liabilities are recognized when Company becomes a party to the contractual provisions of the instruments. Financial assets and financial liabilities are initially measured at fair value. Transaction costs that are directly attributable to the acquisition or issue of financial assets and financial liabilities (other than financial assets and financial liabilities at fair value through profit or loss) are added to or deducted from the fair value of the financial assets or financial liabilities, as appropriate, on initial recognition. Transaction costs directly attributable to the acquisition of financial assets or financial liabilities at fair value through profit or loss are recognized immediately in the Statement of Profit and Loss.

Disclosures

< This section gives an overview of the significance of financial instruments for the company and provides additional information on balance sheet item that contain financial instruments. The details of significant accounting policies, including the criteria for recognition, the basis of measurement and the basis on which income and expenses are recognized in respect of each class of financial asset, financial liability and equity instrument are disclosed in notes.

(I) Fair Value Measurement:

This note provide information about how the company determines fair value of various financial assets. Management considers that the carrying amounts of financial assets and financial liabilities recognized in the financial statements approximates their fair values.

The carrying amount of current financial assets and liabilities as at the end of each year presented approximate the fair value because of their short-term nature. The trade receivables, trade payables, borrowings, capital creditors and cash and cash equivalents are considered to be the same as their fair values, due to their short-term nature.

(II) Fair Value hierarchy

The fair value hierarchy is based on inputs to valuation techniques that are used to measure fair value that are either observable or unobservable and consists of the following three levels:

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

Level 2: Inputs are other than quoted price included within level 1 that are observable for the asset or liability, either directly or indirectly.

Level 3: Inputs are not based on observable market data. Fair values are determined in whole or in part using a valuation model based on the ’ assumptions that are neither supported by prices from observable current market transactions in the same instrument nor are they based on available market data.

42 Financial Risk Management Framework

The principal financial liabilities comprise borrowings, trade and other payables. The main purpose of these financial liabilities is to finance and support company’s operations. The principal financial assets include trade and other receivables and assets. The company is exposed to market risk, credit risk, Interest rate risk and liquidity risk. The finance team oversees the management of these risks.

The senior management ensures that the companies financial risk activities are governed by appropriate policies and procedures and that financial risks are identified, measured and managed.

Market Risk

Market risk arises from the company’s use of interest-bearing financial instruments. It is the risk that the fair value or future cash flows of a financial instrument will fluctuate because of changes in interest rates (interest rate risk) or other market factors. Financial instruments affected by market risk include borrowings, loan givens, fixed deposits etc

Credit risk

Credit risk is the risk that counterparty will not meet its obligations under a financial instrument or customer contract, leading to a financial loss. The company is exposed to credit risk from its operating activities (primarily trade receivables).

Trade Receivable:

Maximum exposure to the credit risk is on account of outstanding balances in the trade receivables account, but as per experience the ageing of debtors is always kept less than six months and there are no bad debts encountered in past. As the receivables of the company are below the criterial of ECL policy to recognize expected credit loss, company has not made any Expected credit loss provision (ECL).

Foreign Currency Risk

- The Company is exposed to foreign currency risk arising from transactions denominated in currencies other than its functional currency. These risks arise due to fluctuations in exchange rates, which can affect the Company’s profitability and financial position.

- Foreign currency risk is managed through hedging and the use of derivative financial instruments, such as forward exchange contracts. The objective of the Company’s foreign exchange risk management policy is to minimize potential adverse effects of exchange rate movements on its financial results.

- The Company monitors foreign currency exposures on a regular basis and evaluates the need for hedging based on anticipated transactions and market conditions. Foreign exchange gains or losses arising from the settlement of such transactions and from the translation of monetary assets and liabilities at exchange rates prevailing at the reporting date are recognised in the statement of profit and loss.

- The management regularly assesses the impact of movements in exchange rates on its foreign currency exposures and takes appropriate risk mitigation measures when deemed necessary.

Interest rate risk

Interest rate risk is the risk that the fair value or future cash flows of a financial instrument will fluctuate because of changes in market interest rates. The Company’s exposure to the risk of changes in market interest rates relates primarily to the Company’s debt obligations with floating interest rates. The Company manages its interest rates by selection appropriate type of borrowings and by negotiation with the bankers.

Liquidity risk

Liquidity risk is the risk that the company will not be able to meet its financial obligations as they fall due. The Company generates cash flows from operations to meet its financial obligations, maintains adequate liquid assets in the form of cash & cash equivalents and has undrawn short-term line of credits from banks to ensure necessary liquidity. The Company closely monitors its liquidity position and deploys a robust cash management system. During the year, the Company has been regular in repayment of principal and interest on borrowings on or before due dates. The Company requires funds both for short-term operational needs as well as for long-term investment programmes mainly in growth projects. The table below summarises the maturity profile of the Company’s financial liabilities based on contractual undiscounted payments:

45 The Company has not entered in to transactions or amount due / from Companies which Struck-Off either under section 248 of the Act c under section 560 of Companies Act, 1956.

46 No undisclosed Income is voluntarily disclosed under any scheme identified by Income tax authorities under any tax assessments yeai under provision of the Income Tax Act.

47 There is no Scheme of Arrangements entered by the company during each reporting period, approved by the Competent Authority in terms of sections 230 to 237 of the Companies Act, 2013.

48 The Company has complied with the number of layers prescribed under clause (87) of section 2 of the Act read with Companies (Restriction on number of Layers) Rules, 2017, and there are no companies beyond the specified layers.

49

Details of Loan given, Investments made and Guarantee given covered under section 186 (4) of the Companies Act, 2013. The company has not made any investment except as disclosed in the financial statements. There are no loan and guarantee given by the company.

50 The company does not have any Loans or advances to promoters, directors, KMPs and related parties , either severally or jointly with any other person, that are repayable on demand or without specifying any terms or period of repayment.

51 The Company has neither traded nor invested in crypto currency during the financial year.

52 There were no events after reporting period, that require adjustment to or disclosure in these financial statements.

53 The Code on Social Security 2020

. The Ministry of Labour & Employment (MoLE), Government of India, has notified the implementation of four Labour Codes, namely th ¹ '' code on Wages, 2019, the Industrial Relations Code, 2020, the Code on Social Security, 2020 and the Occupational Safety, Health an

Working Conditions Code, 2020, with effect from 21st November 2025 consolidating 29 existing labour laws. Further, MoLE ha published draft Central Rules and FAQS to enable assessment of the financial impact due to changes in regulations. Based on th information available as at the reporting date, no material financial impact is presently envisaged. The Company shall further evaluat impact, if any, on the measurement of employee benefits once the relevant rules are notified by the Government.

54 No Proceedings have been initiated or pending against the company for holding any benami property under the Benami Transactions (Prohibition) Act, 1988 (45 of 1988).

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

56 The Company is not declared as wilful defaulter by any bank or Financial Institution or other lender during the financial year.

57 Utilization of Borrowed funds and Share Premium

a. During the year, no funds have been advanced or loaned or invested (either from borrowed funds or share premium or any other source or kind of funds) by the Company to or in any other persons or entities, including foreign entities (“Intermediaries”), with th understanding, whether recorded in writing or otherwise, that the Intermediary shall, whether, directly or indirectly lend or invest in othe persons or entities identified in any manner whatsoever by or on behalf of the Company (“Ultimate Beneficiaries”) or provide an guarantee, security or the like on behalf of the Ultimate Beneficiaries.

b. During the year, no funds have been received by the Company from any persons or entities, including foreign entities (“Fundin Parties”), with the understanding, whether recorded in writing or otherwise, that the Company shall, whether, directly or indirectly, lend c invest in other persons or entities identified in any manner whatsoever by or on behalf of the Funding Party (“Ultimate Beneficiaries”) c provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries The confirmations of all the balances outstanding as o the reporting date with all the customers, suppliers, unsecured borrowings, deposits and loans and advances are subject to confirmatio with books of the counter parties.

58

The Company did not have any long-term contracts, including derivatives contract for which there were any material foreseeable losses.

59 Previous year figures have been regrouped, whenever necessary to confirm to current year classification.