Elfin Agro India Ltd. ಖಾತೆಯ ಉಪಯುಕ್ತ ಮಾಹಿತಿ

13. Provisions, Contingent Liabilities and Contingent Assets:- (AS-29)

Provisions are recognized only when there is a present obligation as a result of past events and when a reliable estimate of the
amount of the obligation can be made. Contingent Liabilities is disclosed in Notes to the account for: -

1. Possible obligations which will be confirmed only by future events not wholly within the control of the
company or

2. Present Obligations arising from past events where it is not probable that an outflow of resources will be
required to settle the obligation or a reliable estimate of the amount of the obligation cannot be made.
Contingent assets are not recognized in the financial statement since this may result in the recognition of
the income that may never be realized.

14. General:

Except wherever stated, accounting policies are consistent with the generally accepted accounting principles
and have been consistently applied.

Right, Preferences and Restriction attached to shares
Equity shares

The company has only one class of Equity shares having a par value of Rs. 5/- per share. Each shareholder is
eligible for one vote per equity share held. The dividend proposed by the Board of Directors, if any, is subject
to the approval of the shareholders in the 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.

Listing of Equity Shares and Initial Public Offer

1. During the year ended 31 March 2026, the Company successfully completed its Initial Public Offer ("IPO")
comprising 53,25,000 equity shares of face value of ?5/- each at an issue price of ?47/- per equity share (including
a securities premium of ?42/- per equity share), aggregating to ^2,502.75 Lakhs.

2. Pursuant to the IPO, the equity shares of the Company were listed on the SME Platform of BSE Limited with
effect from 12th March, 2026 and are admitted for trading in dematerialized form under ISIN: INE1FEW01013.

a. Term of Repayment of Loan

i. This loan refers to an outstanding Term Loan amounting to rupees 128.33 lakhs as on 31.03.2026 taken from Kotak Mahindra
Bank Limited and carries interest @ 7.25% p.a. The loan is repayable in 64 installments amounting to rupees 3.84 lakhs each
including interest. The loan is secured by hypothecation of assets of the company. Further personal guarantees have been given
by Mr. Vimal Kumar Daga, Mr. Deepak Pal Daga, Mrs. Neetu Daga, Mrs. Seema Daga and firm guarantee by Daga Brothers.

ii. This loan refers to an outstanding Term Loan amounting to rupees 38.31 lakhs as on 31.03.2026 taken from Kotak Mahindra Bank
Limited and carries interest @ 7.50% p.a. The loan is repayable in 48 installments amounting to rupees 1.69 lakhs including
interest. The loan is secured by hypothecation of assets of the company. Further personal guarantees have been given by Mr.
Vimal Kumar Daga, Mr. Deepak Pal Daga, Mrs. Neetu Daga, Mrs. Seema Daga and firm guarantee by Daga Brothers.

1. Additional Regulatory Information

(a) Details of Benami Property held:

As per our test checking and clarification received through Management Representation Letter by the Management the company
does not hold any Benami property under the Benami Transactions (Prohibition) Act, 1988 (45 of 1988) and rules made thereunder.

(b) Borrowings from banks or financial institutions on the basis of security of current assets whether quarterly returns or

statements of current assets filed by the Company with banks or financial institutions are in agreement with the books of accounts.

: Not Applicable

(c) Willful Defaulter: Not Applicable

As per our test checking and clarification received through Management Representation Letter by the Management the Company
has not declared wilful defaulter by any bank or financial institution or any other lending during the year.

(d) Relationship with Struck off Companies:

As per our test checking and clarification received through Management Representation Letter by the Management the Company
is not entered any transaction with struck off companies.

(e) Registration of charges or satisfaction with Registrar of Companies

Where any charges or satisfaction yet to be registered with Registrar of Companies beyond the statutory period, details and reasons
thereof: Not Applicable

(f) Compliance with number of layers of companies:

The company is not covered under clause (87) of section 2 of the Companies Act, 2013 along with the Companies (Restriction on
number of Layers) Rules, 2017

(g) Compliance with approved Scheme(s) of Arrangements

As per clarification received through Management Representation Letter by the Management the company
has not entered in any scheme of arrangement during the reporting period.

(h) Undisclosed Income :

As per our test checking and clarification received through Management Representation Letter by the Management there are no
transaction which is not recorded in the books of accounts and has been disclosed as income during the year in the tax assessments

(i) Corporate Social Responsibility (CSR) :

The company fall under the criteria specified under section 135 (Corporate Social Responsibility) of the Companies Act, 2013 for
Year ended 31st March 2026, So The company has actual incurred CSR Expenditure of Rs.9.61 Lakhs.

(j) Details of Crypto Currency or Virtual Currency :

As per our test checking and clarification received through Management Representation Letter by the Management The Company
has not deal in crypto and virtual currency during the reporting year.

(k) Company is directly procuring the raw agricultural produce from supplier’s/cultivators’/ farmers, which belong to
unorganized agricultural sector there is limitation on availability of records for such inward purchases as such transactions are
generally settled on spot delivery & cash payments only. Hence there is limitation on trails of such documents. Further their
balance dues are taken as per available details with the company.

The classification of creditors as micro and small enterprise has been given for the parties from whom the confirmation has been
received regarding their classification as per MSMED Act. The interest on delayed payment to such parties, if any, has neither
been determined nor has been paid as per verbal mutual understanding with the parties. So On the basis of information furnished
to us the Company does not have any amount due (inclusive of interest) to as Small Scale Industrial Undertaking making
disallowance under section 43B (h).

2. Trade receivables, Trade payables, Loans & Advances and Unsecured Loans have been taken at their book value subject to
confirmation and reconciliation.