CFF Fluid Control Ltd. ಖಾತೆಯ ಉಪಯುಕ್ತ ಮಾಹಿತಿ

Mar 31, 2026

p. Provisions, Contingent liabilities and Contingent assets

A provision is recognised when the Company has a present obligation
as a result of past event and it is probable that an outflow of resourc¬
es will be required to settle the obligation, in respect of which reliable

estimate can be made. Provisions (excluding retirement benefits and
compensated absences) are not discounted to its present value and
are determined based on best estimate required to settle the obliga¬
tion at the balance sheet date. These are reviewed at each balance
sheet date and adjusted to reflect the current best estimates. Con¬
tingent liabilities are not recognised in the financial statements. A
contingent asset is neither recognised nor disclosed in the financial
statements.

On 5th June 2023. the Company has issued and allotted 52.00.000 equity
shares having face value of Rs. 10 each by way of Initial Public Offer at
an issue price of Rs. 165 per equity share.

On 11th July 2022. the Company has issued and allotted 1.35.60.395
equity shares having face value of Rs. 10 each by way of Bonus Shares
in ratio of 19:1 to the existing shareholders.

The Company had declared a final dividend of Rs. 0.50 per equity share
in its annual general meeting held on 07th July 2025 and an interim
dividend of Rs. 0.50 per equity share in the board meeting held on 14th
November 2025.

The Company had issued and allotted 15.00,000 equity shares of Rs. 10
each at a premium on Rs. 575 per equity shares by way of further public
offer (FPO) on 14th July 2025. Issue expenses incurred in connection
therewith for a sum of Rs. 654.49 lakhs has been utilized from securities
premium in accordance with provisions of Section 52 of the Companies
Act. 2013.

Term loan obtained from Axis Bank Limited effectively carrying interest
of 9.25% p.a. to be repaid over 72 months including moratorium period of
12 months and is secured against hypothecation on the entire movable
assets of the company (Present and Future), equitable mortgage of the
Company''s factory Land and Building located at Plot No. 1. Survey No.

96. Village Khumbivali. Taluka Khalapur. Dist. Raigad. Maharashtra and
personal guarantee of the directors. Mr. Gautam Makker and Mr. Sunil
Menon.

On November 21. 2025. the Government of India notified four Labour
Codes, effective immediately, replacing the existing 29 labour laws. In ac¬
cordance with AS 15 - Employee benefits, changes to employee benefit
plans arising from legislative amendments are treated as plan amend¬
ments. requiring immediate recognition of past service cost in the State¬
ment of Profit and Loss. This approach is consistent with the guidance
issued by the Institute of Chartered Accountants of India. The present
salary structure is aligned with the definition of qualifying wages pre¬
scribed under the Labour Codes and as such, no additional impact arising
on past service cost in the provision of gratuity. The Company continues
to monitor the finalisation of Central and State Rules, as well as Govern¬
ment clarifications on other aspects of the Labour Codes.

REASONS FOR VARIANCES

Current Ratio: Primarily due to higher trade receivables at the year end.
Given the nature of the Company''s business, the timing of order execution,
deliveries, invoicing and customer collections may result in normal fluctua¬
tions in receivables and working capital balances across reporting periods.

Debt Equity Ratio: Due to reduction in borrowings during the current year.

Debt Service Coverage Ratio: Due to higher profitability coupled with
reduction in borrowings during the current year.

Inventory Turnover Ratio: Due to higher revenue during the year while
maintaining comparable inventory levels.

Trade Receivable Turnover Ratio: Primarily due to higher trade receiv¬
ables at the year end. Given the nature of the Company''s business, the
timing of order execution, deliveries, invoicing and customer collections may
result in normal fluctuations in receivables across reporting periods.

Net Capital Turnover Ratio: Primarily due to higher working capital on
account of year-end trade receivables. Given the nature of the Company''s
business, the timing of order execution, deliveries, invoicing and customer
collections may result in normal fluctuations in working capital balances
across reporting periods.

REASON FOR SHORTFALL

The Company has made an excess expenditure under its CSR policy to
the extent of Rs. 0.68 lakhs as on 31st March 2026.

NATURE OF CSR ACTIVITIES

During the year, the Company has incurred a sum of Rs. 48.00 Lakhs
towards CSR expenditure as per policy laid down pursuant to the provi¬
sions of Companies Act. 2013 and rules framed thereunder. The Compa¬
ny under its CSR policy, affirms its commitment of seamless integration
of marketplace, workplace, environment and community concerns with
business operations by undertaking activities / initiatives that are not
taken in its normal course of business andA>r confined to only the em¬
ployees and their relatives and which are in line with the broad-based list
of activities, areas or subjects that are set out under schedule VII of the
Companies Act. 2013.

40. Other Statutory Disclosures as per the Companies Act, 2013

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

The Company has not been declared wilful defaulter by any bank or financial institution or government or any
government authority.

There has been no delay in transferring amounts, required to be transferred, to the Investor Education and
Protection Fund by the Company.

The title deeds of all the immovable properties, (other than immovable properties where the Company is
the lessee and the lease agreements are duly executed in favour of the Company) disclosed in the financial
statements included in property, plant and equipment and capital work-in progress are held in the name of the
Company as at the balance sheet date.

941. Segment Reporting I

9 In absence of any identifiable business segment, Accounting Standard (AS) 17 on Segment Reporting are not |
I applicable on the Company. I

942. Realisable value of assets I

I In the opinion of the management, the current assets, loans and advances have a realizable value in the I

9ordinary course of business is not less than the amount at which they are stated in the balance sheet. |

943. Confirmation of balances I

I Balance shown under receivables, payables and advances are subject to confirmation. I

¦ 44. Regrouping I

I Previous year''s figures have been re- arranged or re- grouped wherever considered necessary. I

145. Rounding off I

I Figures have been rounded off to the nearest lakhs of rupees. I

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Mar 31, 2025

p Provisions, Contingent liabilities and Contingent assets

A provision is recognised when the Company has a present obligation as a result
of past event and it is probable that an outflow of resources will be required
to settle the obligation, in respect of which reliable estimate can be made.
Provisions (excluding retirement benefits and compensated absences) are not
discounted to its present value and are determined based on best estimate
required to settle the obligation at the balance sheet date. These are reviewed
at each balance sheet date and adjusted to reflect the current best estimates.
Contingent liabilities are not recognised in the financial statements. A contingent
asset is neither recognised nor disclosed in the financial statements.

(ii) Rights, preferences and restrictions attached to shares

Equity Shares: The Company has one class of equity shares. Each shareholder is
eligible for one vote per share held. The dividend proposed by the Board of Di¬
rectors is subject to the approval of the shareholders in the ensuing Annual Gen¬
eral Meeting, except in case of interim dividend. In the event of liquidation, the
equity shareholders are eligible to receive the remaining assets of the Company
after distribution of all preferential amounts, in proportion to their shareholding.

Reasons for Variances

Debt Equity Ratio: Reduction in borrowings and profits for the current year.

Debt Service Coverage Ratio: Increase in profits and lower debt service during the cur¬
rent year.

Trade Receivable Turnover Ratio: Significant increase in trade receivables
Trade Payable Turnover Ratio: Significant increase in trade payables

38 Undisclosed Income

The Company has not any such transaction which is not recorded in the books
of accounts that has been surrendered or disclosed as income during the year in
the tax assessments under the Income Tax Act, 1961 (such as, search or survey
or any other relevant provisions of the Income Tax Act, 1961).

Nature of CSR activities

During the year, the Company has incurred a sum of Rs. 32.60 Lakhs towards
CSR expenditure as per policy laid down pursuant to the provisions of Compa¬
nies Act, 2013 and rules framed thereunder. The Company under its CSR policy,
affirms its commitment of seamless integration of marketplace, workplace, en¬
vironment and community concerns with business operations by undertaking
activities / initiatives that are not taken in its normal course of business and/or
confined to only the employees and their relatives and which are in line with the
broad-based list of activities, areas or subjects that are set out under schedule
VII of the Companies Act, 2013.

40 Other Statutory Disclosures as per the Companies Act, 2013

The Company did not have any long- term contracts including derivative con¬
tracts for which there were any material foreseeable losses.

The Company has not been declared wilful defaulter by any bank or financial
institution or government or any government authority.

There has been no delay in transferring amounts, required to be transferred, to
the Investor Education and Protection Fund by the Company.

The title deeds of all the immovable properties, (other than immovable proper¬
ties where the Company is the lessee and the lease agreements are duly exe¬
cuted in favour of the Company) disclosed in the financial statements included
in property, plant and equipment and capital work-in progress are held in the
name of the Company as at the balance sheet date.

41 Segment Reporting

In absence of any identifiable business segment, Accounting Standard (AS) 17 on
Segment Reporting are not applicable on the Company.

42 Realisable value of assets

In the opinion of the management, the current assets, loans and advances have
a realizable value in the ordinary course of business is not less than the amount
at which they are stated in the balance sheet.

43 Confirmation of balances

Balance shown under receivables, payables and advances are subject to confir¬
mation.

44 Regrouping

Previous year''s figures have been re- arranged or re- grouped wherever consid¬
ered necessary.

45 Rounding off

Figures have been rounded off to the nearest lakhs of rupees.

As per our report of even date For and on behalf of the Board of

For V. N. PUROHIT & CO. CFF Fluid Control Limited

Chartered Accountants

Firm''s Registration No. 304040E

O.P. Pareek Gautam Makker Sunil Menon Hitesh Birla Sonika Mehta

Partner Director Director CFO Company Secretary

Membership No. 014238 0354956 0409485 M. No. A63323

UDIN: 25014238BMJMAM5007 Place: Mumbai

Place: New Delhi Date: 29 April 2025

Date: 29 April 2025

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Mar 31, 2024

m Provisions, Contingent liabilities and Contingent assets

A provision is recognised when the Company has a present obligation as a result of past event and it is probable that an outflow of resources will be required to settle the obligation, in respect of which reliable estimate can be made. Provisions (excluding retirement benefits and compensated absences) are not discounted to its present value and are determined based on best estimate required to settle the obligation at the balance sheet date. These are reviewed at each balance sheet date and adjusted to reflect the current best estimates. Contingent liabilities are not recognised in the financial statements. A contingent asset is neither recognised nor disclosed in the financial statements.

n Cash and cash equivalents

The Company considers all highly liquid financial instruments, which are readily convertible into known amount of cash that are subject to an insignificant risk of change in value and having original maturities of three months or less from the date of purchase, to be cash equivalents.

(ii) Rights, preferences and restrictions attached to shares

Equity Shares: The Company has one class of equity shares. Each shareholder is eligible for one vote per share held. The dividend proposed by the Board of Directors is subject to the approval of the shareholders in the ensuing Annual General Meeting, except in case of interim dividend. In the event of liquidation, the equity shareholders are eligible to receive the remaining assets of the Company after distribution of all preferential amounts, in proportion to their shareholding.

Current ratio: Due to increase in working capial after raising of funds.

Debt equity ratio: Due to repayment of unsecured borrowings.

Debt service coverage ratio: Due to increase in earnings as compared to earlier year. Return on equity ratio: Due to significant increase in shareholder''s fund on public issue. Trade receivable turnover ratio: Due to increase in turnover for the current year.

Trade payable turnover ratio: Due to increase in turnover for the current year.

Net capital turnover ratio: Due to significant increase in working capital as compared to turnover for the current year.

Return on capital employed: Significant increase in shareholder''s fund on public issue. 38 Undisclosed Income

The Company has not any such transaction which is not recorded in the books of accounts that has been surrendered or disclosed as income during the year in the tax assessments under the Income Tax Act, 1961 (such as, search or survey or any other relevant provisions of the Income Tax Act, 1961).

Nature of CSR activities

The Company had deposited a sum of Rs. 8.50 Lakhs pertaining to CSR expenditure for the year ended on 31^st March 2023 to the "PM Cares Fund" specified under Schedule VII of the Companies Act, 2013 before due date.

During the year, the Company has in place a CSR policy laid down in accordance with the provisions of Companies Act, 2013 and rules made thereunder. The Company under its CSR policy, affirms its commitment of seamless integration of marketplace, workplace, environment and community concerns with business operations by undertaking activities / initiatives that are not taken in its normal course of business and/or confined to only the employees and their relatives and which are in line with the broad-based list of activities, areas or subjects that are set out under schedule VII of the Companies Act, 2013.

40 Other Statutory Disclosures as per the Companies Act, 2013

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

The Company has not been declared wilful defaulter by any bank or financial institution or government or any government authority.

There has been no delay in transferring amounts, required to be transferred, to the Investor Education and Protection Fund by the Company.

The title deeds of all the immovable properties, (other than immovable properties where the Company is the lessee and the lease agreements are duly executed in favour of the Company) disclosed in the financial statements included in property, plant and equipment and capital work-in progress are held in the name of the Company as at the balance sheet date.

41 Segment Reporting

In absence of any identifiable business segment, Accounting Standard (AS) 17 on Segment Reporting are not applicable on the Company.

42 Realisable value of assets

In the opinion of the management, the current assets, loans and advances have a realizable value in the ordinary course of business is not less than the amount at which they are stated in the balance sheet.

43 Confirmation of balances

Balance shown under receivables, payables and advances are subject to confirmation.

44 Regrouping

Previous year''s figures have been re- arranged or re- grouped wherever considered necessary.

45 Rounding off

Figures have been rounded off to the nearest thousands of rupees.

As per our report of even date For and on behalf of the Board of

For V. N. PUROHIT & CO. CFF Fluid Control Limited

Chartered Accountants

Firm''s Registration No. 304040E

O.P. Pareek Gautam Makkar Sunil Menon Hitesh Birla Sonika Mehta

Partner Director Director CFO Company Secretary

Membership No. 014238 0354956 0409485 M. No. A63323

UDIN: 24014238BKAUCJ5695 Place: Mumbai

Place: New Delhi Date: 29 May 2024

Date: 29 May 2024

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Mar 31, 2023

(i) Rights, preferences and restrictions attached to shares

Equity Shares: The Company has one class of equity shares. Each shareholder is eligible for one vote per share held. The dividend proposed by the Board of Directors is subject to the approval of the shareholders in the ensuing Annual General Meeting, except in case of interim dividend. In the event of liquidation, the equity shareholders are eligible to receive the remaining assets of the Company after distribution of all preferential amounts, in proportion to their shareholding.

Term loans obtained from Axis Bank Limited effectively carrying interest of 9.25% p.a., are secured against hypothecation on the entire movable assets of the company (Present and Future), equitable mortgage of the Company''s factory Land and Building located at Plot No. 1, Survey No. 96, Village Khumbivali, Taluka Khalapur, Dist. Raigad, Maharashtra, corporate guarantee of M/s Flash Forge Private Limited and personal guarantee of the directors, Mr. Gautam Makkar and Mr. Sunil Menon.

Bank cash credit (Existing limits & New limits) from Axis Bank Limited is secured against exclusive first charge by way of hypothecation on the entire Current Assets of the company (Present and future). Extension of exclusive charge by way of equitable mortgage on land and building, owned by the company, corporate guarantee of M/s Flash Forge Private Limited and personal guarantee of directors, Mr. Gautam Makkar and Mr. Sunil Menon.

There are no dues to Micro enterprises and small enterprises as defined under Micro, Small & Medium Enterprises Development Act, 2006 which are outstanding for a period more than 45 days as on balance sheet date.

The above information regarding Micro, Small and Medium Enterprises has been determined on the basis of information available with the Company and have been duly relied upon by the auditors of the Company.

The Income tax return was assessed under section 143(1) of the Income tax Act, 1961 ("the Act") without giving effect of tax rates opted by the Company under Section 115BAA of the Act. The assessment has also not considered the selfassessment tax deposited to the tune of Rs. 2.82 Crores by the Company. The Company has filed rectification for said Assessment Year under Section 154 of the Act.

34 Registration of Charge

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

Debt equity ratio: Due to availment of new term loan from bank thereby increase in long term borrowings.

Return on equity ratio: Significant increase in shareholder''s fund due to current year''s profits.

Trade receivable turnover ratio: Significant increase in turnover for the current year.

Trade payable turnover ratio: Significant increase in turnover for the current year.

Return on capital employed: Significant increase in shareholder''s fund due to current year''s profit and availment of new long term loan from banks.

36 Undisclosed Income

The Company has not any such transaction which is not recorded in the books of accounts that has been surrendered or disclosed as income during the year in the tax assessments under the Income Tax Act, 1961 (such as, search or survey or any other relevant provisions of the Income Tax Act, 1961).

Reason for shortfall

The provisions of Corporate Social Responsibility (CSR) are applicable for the first time upon the Company. The Board of Directors have formulated a sustainable CSR policy and currently appraising for the suitable CSR Projects.

In the meantime, it has been decided that the unspent CSR amount for the year ended on 31st March 2023 shall be deposited into the funds specified under Schedule VII of the Companies Act, 2013.

Nature of CSR activities

In absence of sustainable CSR projects in hand, The Company has not carried out any CSR activity during the year. However, the Board is planning to undertake sustainable CSR project in the area of education and medical relief.

38 Other Statutory Disclosures as per the Companies Act, 2013

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

The Company has not been declared wilful defaulter by any bank or financial institution or government or any government authority.

There has been no delay in transferring amounts, required to be transferred, to the Investor Education and Protection Fund by the Company.

The title deeds of all the immovable properties, (other than immovable properties where the Company is the lessee and the lease agreements are duly executed in favour of the Company) disclosed in the financial statements included in property, plant and equipment and capital work-in progress are held in the name of the Company as at the balance sheet date.

39 Segment Reporting

In absence of any identifiable business segment, Accounting Standard (AS) 17 on Segment Reporting are not applicable on the Company.

40 Realisable value of assets

In the opinion of the management, the current assets, loans and advances have a realizable value in the ordinary course of business is not less than the amount at which they are stated in the balance sheet.

41 Confirmation of balances

Balance shown under receivables, payables and advances are subject to confirmation.

42 Regrouping

Previous year’s figures have been re- arranged or re- grouped wherever considered necessary.

43 Rounding off

Figures have been rounded off to the nearest thousands of rupees.