Global Pet Industries Ltd. ಖಾತೆಯ ಉಪಯುಕ್ತ ಮಾಹಿತಿ

Provisions and Contingent Liabilities

A Provision is recognised when the entity has a present obligation as a result of past event and it is probable that an outflow
of resources will be required and a reliable estimate can be made of the amount of the obligation. Provisions are measured
at the best estimate of the expenditure required to settle the present obligation at the Balance Sheet date.

Contingent liabilities are disclosed when there is a possible obligation arising from past events, the existence of which will
be confirmed only by the occurrence or non-occurrence of one or more uncertain future events not wholly within the
control of the entity or a present obligation that arises from past events where it is either not probable that an outflow of
resources will be required to settle the obligation or a reliable estimate of the amount cannot be made. A Contingent asset
is neither recognised nor disclosed.

Revenue Recognition

Revenue from sale of goods is recognised when control and significant risks and rewards of ownership of the products being
sold is transferred to the customer. This is generally fulfilled at the time of dispatch, delivery or upon formal customer
acceptance depending on customer terms. Revenue is measured on the basis of contracted price, after deduction of any
trade discounts, volume rebates and any taxes or duties collected on behalf of the government such as goods and services
tax, etc. Previous experience is used to estimate the provision for such discounts and rebates. Revenue is only recognised to
the extent that it is highly probable a significant reversal will not occur. Income from services rendered is recognised based
on agreements/arrangements with the customers as the service is performed and there are no unfulfilled obligations.

Interest income is recognized on accrual basis, adopting a time proportion method, taking into account the amount
outstanding and the rate applicable. Dividend income on investments is accounted for when the right to receive the income
is established. Export incentives are recognised on accrual basis to the extent the management is certain of the income.

Duty Drawbacks are refunds or rebates of customs duties that are provided by governments when goods are exported or
used in the production of goods that are subsequently exported. The amount recognized is based on the expected refund
from the customs authorities and is measured when the export transaction is completed and all relevant conditions are
satisfied.

Employee Benefits

Short-term employee Benefits

Benefits such as salaries, wages and performance incentives are charged to the statement of profit and loss at the actual
amounts due in the period in which the employee renders the related service.

Defined Contribution Plans

Payments made to defined contribution plans such as provident and pension fund are charged as an expense based on the
amount of contribution required to be made as and when services are rendered by the employees.

Defined Benefit Plans

The Company maintains a funded defined benefit plan for post-employment gratuity benefits. The liability for this plan is
determined based on an actuarial valuation performed by an independent actuary as at the balance sheet date, using the
Projected Unit Credit Method. Actuarial gains and losses, including experience adjustments and the impact of changes in
actuarial assumptions, are recognized immediately in the Statement of Profit and Loss as income or expense.

Other Long-term Employee Benefits

Other long-term employee benefits include leave encashment. Leave encashment is recognised as an expense in the
statement of profit and loss as and when it accrues on actuarial basis.

Leases

At the inception of a lease, the lease arrangement is classified as either a finance lease or an operating lease, based on the
substance of the lease agreement. A finance lease is one where substantially all the risks and rewards of ownership are
transferred to the lessee, while an operating lease is any other type of lease.

Operating lease

If a lease is classified as an operating lease, lease payments made are recognised as an expense on a straight-line basis over
the lease term in the profit and loss statement.

Finance lease

If a lease is classified as a finance lease, an asset and a liability is recognised at the commencement of the lease. The value is
determined as lower of the asset''s fair value and present value of minimum lease payments. Subsequent to initial
recognition, the asset is depreciated as per the accounting policy applicable to the same class of assets. The lease payments
are apportioned between interest expense and reduction in outstanding lease liability. Interest expenses represent a
constant periodic rate of interest on the outstanding lease liability.

Foreign Currency Transactions

Foreign currency transactions are translated into the functional currency using exchange rates at the date of the transaction.
Foreign exchange gains and losses from settlement of these transactions are recognised in the statement of profit and loss.
Foreign currency denominated monetary assets and liabilities are translated into functional currency at exchange rates in
effect at the balance sheet date, the gain or loss arising from such translations are recognised in the statement of profit and
loss.

Taxes on Income

Income tax expense for the year comprises of current tax and deferred tax.

Current tax

Current tax is the estimated amount of tax payable on the taxable income for the year, using tax rates enacted or
substantively enacted at the reporting date.

Deferred tax

Deferred tax is recognised in respect of timing differences between the carrying amount of assets and liabilities for financial
reporting purposes and the corresponding amounts used for taxation purposes.

A deferred tax liability is recognised based on the expected manner of realisation or settlement of the carrying amount of
assets and liabilities, using tax rates enacted, or substantively enacted, by the end of the reporting period. Deferred tax
assets are recognised only to the extent that it is probable that future taxable profits will be available against which the
asset can be utilised except for deferred tax assets in respect of tax losses, where they are recognised only to the extent the
management is virtually certain as to the sufficiency of future taxable income. Deferred tax assets are reviewed at each
reporting date and reduced to the extent that it is no longer probable that the related tax benefit will be realised.

Earnings per Share

In determining earnings per share, the Company considers the net profit after tax attributable to equity shareholders. The
number of shares used in computing basic earnings per share is the weighted average number of equity shares outstanding
during the year. The number of equity shares used in computing diluted earnings per share comprises weighted average
number of equity shares considered for deriving basic earnings per share and also weighted average number of equity
shares which could have been issued on the conversion of all dilutive potential equity shares.

Rights, preferences and restrictions attached to shares

The Company has issued only one class of equity shares having a par value of Rs. 10 per share. Each equity shareholder is
entitled to one vote per share. In the event of liquidation of the Company, the holders of equity shares will be entitled to
receive remaining assets of the Company, after distribution of all preferential amounts, in proportion to their shareholding.
Any 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.

Details regarding number and class of shares for the period of five years immediately preceding March 31, 2026

a) The Company has issued 66,44,445 Equity Shares of face value of Rs.10 per shares as bonus shares on 06/01/2023.

b) The Company has issued 27,00,000 Equity shares of face value of Rs.10 per shares as fresh issue on 05/07/2023.

c) The Company has issued 20,00,000 Equity shares of face value of Rs.10 per shares on preferential basis on 14/11/2024.

d) The company has not allotted any shares as fully paid-up without payment being received in cash.

e) The company has not alloted any shares as fully paid up bonus shares.

f) The company has not bought back any of its shares.

Other Details regarding issue of shares

There are no shares reserved for issue under options and contracts / commitments for the sale of shares.

There are no securities convertible into equity or preference shares.

There are no calls unpaid on any shares.

There are no forfeited shares.

Note:

1. Out of the above bank deposits, deposits amounting to Rs. 2,060.80 lakhs have been earmarked towards unutilised
proceeds of the preferential issue.

2. Out of the above bank deposits, deposits amounting to Rs. 6.90 lakhs have been placed against bank guarantees.

b. Gratuity Defined Contribution Plan :

The liability for the Gratuity is determined on the basis of an independent actuarial valuation done at the year-end. The actuarial
valuation method used for measuring the liability is the Projected Unit Credit method. The obligation are measured as the presentvalue
of estimated future cash flows discounted at rates reflecting the prevailing market yields of Indian Government securities as at the
Balance Sheet date for the estimated term of the obligations. The estimates of future salary increases, considered in actuarialvaluation,
take account of inflation, seniority, promotion and other relevant factors, such as supply and demand in the employment market.

Earning available for debt service = Profit for the year (before taxes) Finance costs Depreciation and Amortisation Expense
Total debt service = Finance costs Principal Repayments

Capital employed = Shareholders'' funds Long Term Borrowings Short Term Borrowings Deferred Tax Liabilities (Net) - Intangible
assets - Intangible Assets under development

The Company does not have any Debts and Investments, hence Debt-Equity Ratio, Debt Service Coverage Ratio and Return on
investment ratios are not disclosed.

Reason for variation:

1. The decrease in the Current Ratio from 4.72 times to 3.40 times is mainly due to significant increase in current liabilities during the
year, particularly trade payables and advances received from customers, consequent to increased scale of operations and business
activities

2. The increase in Trade Receivables Turnover Ratio is primarily attributable to improved collection efficiency and faster realization from
customers during the year. The increase may also be due to higher growth in revenue from operations compared to the average trade
receivables outstanding.

35. Other Disclosures

Disclosure requirements as notified by MCA pursuant to amended Schedule III:

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

- The Company does not have any Benami Property under Prohibition of Benami Property Transactions Act, 1988.

- The Company has not been declared a wilful defaulter by any lender who has powers to declare a company as a wilful
defaulter.

- The Company has no Scheme of Arrangement approved by the competent authority specified under Section 230 to 237 of
the Companies Act, 2013.

The Company has recognized prior period income amounting to Rs. 23.85 lakhs during the year, representing reversal of an
amount previously charged to the Statement of Profit and Loss in earlier years towards one-fifth amortisation of
preliminary expenses incurred in connection with the Initial Public Offer (IPO). Further, during the current year, the
Company has rectified the accounting treatment of such preliminary expenses and, in accordance with Section 52 of the
Companies Act, 2013, transferred the entire outstanding balance aggregating to Rs. 59.05 lakhs (comprising opening
balance of Rs. 35.20 lakhs as at March 31, 2025 and Rs. 23.85 lakhs reversed during the year) to the Securities Premium
Account.

I) Provisions, Contingent Liabilities and Contingent Assets:

A provision is made based on a reliable estimate when it is probable that an outflow of resources embodying economic benefits will be required to settle an obligation.
Contingent liabilities, if material are disclosed by way of notes to accounts. Contingent assets are neither recognized nor disclosed in the financial statements.

J) Impairment of Assets:

At each balance sheet date, the Company reviews the carrying amounts of its assets to determine whether there is any indication that those assets suffered any impairment
loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of impairment loss. Recoverable amount is the higher of an
assets net selling price and value in use. In assessing value in use, the estimated future cash - flow expected from the continuing use of the assets and from its disposal are
discounted to their present value using pretax discount rate that reflects the current market assessments of time value of money and the risk specific of the assets.

Reversal of impairment loss is recognized immediately as income in the Statement of Profit and Loss.

K) Foreign Curreny Transactions:

Foreign currency transactions are recorded at the exchange rates prevailing on the date of the transaction. Gains and losses arising out of subsequent fluctuations are
accounted for on actual payment or realization. Monetary items denominated in foreign currency as at the Balance Sheet date are converted at the exchange rates prevailing
on that date.Exchange differences are recognized in the Statement of Profit and Loss.

Notes:

(i) The Company has issued 66,44,445 Equity Shares of face value of Rs.10 per shares as bonus shares on 06/01/2023.

(ii) The Company has issued 27,00,000 Equity shares of face value of Rs.10 per shares as fresh issue on 05/07/2023.

(iii) The Company has issued 20,00,000 Equity shares of face value of Rs.10 per shares on preferential basis on 14/11/2024.

Term / Rights Attached to Equity Shares

The Company has only one class of Equity Shares with a par value of Rs. 10 per Shares. Each Holder of Equity Shares is entitled to
one vote per share. In an event of liquidation of the company, the holders of equity shares will be entitled to receive remaining assets
of the company. The distribution will be in proporation to number of equity shares held by the Company.

35 The Board of Directors, in its meeting held on 14th November 2024, had approved the proposal for acquisition of Shri Sai
Pet Engineering. However, based on subsequent evaluation and commercial considerations, the said acquisition has been
kept on hold.

36 Other General Disclosures :

^a The Company does not have any Benami property, where any proceeding has been initiated or pending against the
Company for holding any Benami property.

b The Company does not have any transactions with companies struck off.

c The Company does not have any charges or satisfaction which is yet to be registered with ROC beyond the statutory period.
d The Company have not traded or invested in Crypto currency or Virtual Currency during the financial year.

The Company does not have any such transaction which is not recorded in the books of accounts that hasbeen surrendered
e 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).
f The Company has not been declared as Wilful defaulter by any Banks, Financial institution or Other lenders.

Additional Information Required in Schedule iii ot the Companies Act, 2013 to the extent not applicable has not been
^g provided.

³⁷ Previous Years Figures have been regrouped and reclassified wherever necessary._

The accompanying notes form an integral part of the Financial Statements.

As per our Report of Even Date For and on behalf of Board of Directors

of Global Pet Industries Limited

FOR NDAA & ASSOCIATES LLP
CHARTERED ACCOUNTANTS

Firm Reg No : 129486W/W100775 BIPIN NANUBHAI PANCHAL NISHA BIPIN PANCHAL

MANAGING DIRECTOR WHOLE TIME DIRECTOR

DIN:-00120996 DIN:-06514766

NIRAJ D ADATIA

PARTNER ACHCHHE LAL YADAV PARTH HARESHKUMAR SHAH

Mem. No. 120844 CHIEF FINANCIAL OFFICER COMPANY SECRETARY &

COMPLIANCE OFFICER

Place : MUMBAI Place :MUMBAI

Date :30th May 2025_Date : 30th May 2025_

Note:-(i) The Company has issued 66,44,445 Shares of face value of Rs.10 per shares as bonus shares on 06/01/2023.

(ii) The Company has issued 27,00,000 Equity shares of face value of Rs.10 per shares as fresh shares on 05/07/2023.

TRrm / Riphts Attached to Enuitv Shares

The Company has only one class of Equity Shares with a par value of Rs. 10 per Shares. Each Holder of Equity Shares is entitled to one vote per share. In an event of liquidation of the company, the holders of equity shares will be entitled to receive remaining assets of the company. The distribution will be in proporation to number of equity shares held by the Company.

b) Gratuity Defined Contribution Plan :

The liability for the Gratuity is determined on the basis of an independent actuarial valuation done at the year-end. The actuarial valuation method used for measuring the liability is the Projected Unit Credit method. The obligation are measured as the present value of estimated future cash flows discounted at rates reflecting the prevailing market yields of Indian Government securities as at the Balance Sheet date for the estimated term of the obligations. The estimates of future salary increases considered takes into account the inflation, seniority, promotion and other relevant factors.

Best estimate for contibution during next period 12.34

3.6 Sensitivity Analysis:Significant actuarial assumptions for the detrrmination of the defined benifit obligation are discount rate and expected salary increase rate.Effect of Changes in mortality rate is negligible.Please note that the sensitivity analysis presented below may not be representative of the actual change in the defined benefit obligation as it is unlikely that the change in assumption would occur in isolation of one another as some of the assumptions may be corected.The results of sensitivity analysis are given below:

34 Contingent Liability

As per the information and explanations given by the Company, there are no contingent liabilities.

35 Other General Disclosures :

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

b The Company does not have any transactions with companies struck off.

c The Company does not have any charges or satisfaction which is yet to be registered with ROC beyond thestatutory period, d The Company have not traded or invested in Crypto currency or Virtual Currency during the financial year.

e The Company does not have any such transaction which is not recorded in the books of accounts that hasbeen 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).

f The Company has not been declared as Wilful defaulter by any Banks, Financial institution or Other lenders.

9 Additional Information Required in Schedule III of the Companies Act, 2013 to the extent not applicable has not been provided.

36 Previous Years Figures have been regrouped and reclassified wherever necessary._