Mayank Cattle Food Ltd. ಖಾತೆಯ ಉಪಯುಕ್ತ ಮಾಹಿತಿ

Mar 31, 2026

(14) Provisions, Contingent Liabilities and Contingent Assets:

Provisions:

(a) Provision is recognized in the accounts when there is a present obligation
as a result of past event(s) and it is probable that an outflow of resources
will be required to settle the obligation and a reliable estimate can be made.
Provisions are not discounted to their present value and are determined
based on the best estimate required to settle the obligation at the reporting
date. These estimates are reviewed at each reporting date and adjusted to
reflect the current best estimates.

(b) During the year movements in provisions were made are as under:

Contingent Liabilities:

(c) A Contingent liability is a possible obligation that arises from the past events
whose existence will be confirmed by the occurrence or non-occurrence of
one or more uncertain future events beyond the control of the company or
a present obligation that is not recognized because it is not probable that
an outflow of resources will be required to settle the obligation. A contingent
liability also arises in extremely rare cases where there is liability that
cannot be recognized because it cannot be measured reliably. The

company does not recognize a contingent liability but discloses its
existence in the financial statements.

Contingent Assets:

(d) Contingent assets are not recognized

(15) Cash Flow Statement:

(a) The cash flow statement is prepared using the "indirect method” set out in
Accounting Standard 3 "Cash Flow Statements” and presents the cash
flows by operating, investing and financing activities of the Company. Cash
and cash equivalents presented in the cash flow statement consist of cash
on hand and unencumbered, highly liquid bank balances.

(16) Trade Receivables:

(a) Trade receivables are recognized at transaction price.

(17) Trade and other Payables:

(a) These amounts represent liabilities for goods and services provided to the
Company prior to the end of the financial year which are unpaid. These
amounts are unsecured and usually paid within the operating cycle of the
Company. Trade and other payables are presented as current liabilities
unless payment is not due within twelve months after the reporting period.
They are recognized initially at their fair value.

(18) Segment Reporting:

(a) In accordance with Accounting Standard-17 - "Segment Reporting” issued
by the Institute of Chartered Accountants of India is not applicable as the
Company has mainly one business segment i.e. " Raw unfiltered edible
maize oil and cake.". There are no other primary reportable segments. The
major and material activities of the company are restricted to only one
geographical segment i.e. India, hence the secondary segment disclosures
are also not applicable.

(ii) Rights, preferences and restrictions attached to shares

The Company has only one class of issued, subscribed and paid-up equity shares having a par value
of ?. 10.00/- each. Each shareholder of equity shares is entitled to one vote per share. In the event
of liquidation of the Company, the shareholders of equity shares will be entitled to receive the
remaining assets of the Company. The distribution will be in proportion to the number of equity shares
held by the sharehold ers.

(vii) As per the records of the Company, including its register of shareholders/members and other
declarations received from shareholders regarding beneficial interest, the above shareholding
represents both legal and beneficial ownerships of shares.

(viii) There are no shares reserved for issue under the options and contracts/commitments.

(ix) There are no securities issued, which are convertible into equity/preference shares.

(x) There are no securities issued, which are convertible into equity/preference shares.

(xi) No shares were forfeited during the financial year 2025-26

Nature of Reserve and Surplus
Capital Reserves

Capital Reserve represents reserve created by the Company on acquisition of Ajay Industries, in the
financial year 2024-25, and are not free reserves as defined under section 2(43) of the Companies
Act, 2013. It shall be utilised in accordance with the Provisions of the Companies Act, 2013.

Securities Premium

Securities premium is used to record the premium on issue of shares. This reserve shall be utilised
in accordance with the provisions of the Companies Act, 2013.

Note 1: Some inventories of raw materials were recorded after submission of bank statement due
bills received later.

Note 2: Some inventories of raw materials were recorded after submission of bank statement due
bills received later.

Note 3: Sales of finished goods were recorded after submission of bank statement due to contracts
were finalised later.

Note 4: Some inventories of raw materials were recorded after submission of bank statement due
bills received later.

NOTE 36: Details of Benami Property held

There is no instance occurred during the year which reflects that company is holding any benami
property.

NOTE 37: Wilful Defaulter

Date of declaration as wilful defaulter ^NA

There is no instance occurred during the year which reflects company as a wilful defaulter.

NOTE 39: Registration of Charge

No charges or its satisfaction is yet to be registered with Registrar of Companies.

NOTE 40: Compliance with number of layers of companies

The Company does not have any number of layers prescribed under clause (87) of section 2 of the
Companies Act, 2013 and hence the compliance relating thereto is not applicable.

NOTE 44: Undisclosed Income

The Company has not disclosed any transaction not recorded in books of account that has been
surrendered or disclosed as income during the year in the tax assessments under the Income-tax
Act, 1961 and also not recorded any previously unrecorded income and related assets ._

Nature of CSR activities

Donation Given to Trust for the purpose of Relief of the poor, Education, Medical relief,
Advancement of any other object of general public utility, Religious Activities, Advancement
of any other object of general public utility, Religious Activities

NOTE 46: Details of Crypto Currency

The Company has not traded or invested in Crypto Currency or Virtual Currency during the year
ended on 31 March, 2026 & Financial Year ended 31 March, 2025.

NOTE 47: Other Statutory Disclosures as per the Companies Act, 2013

a) The company has not entered into any scheme of arrangement approved by the Competent
Authority in terms of sections 230 to 237 of the Companies Act, 2013.

b) There are no dividends proposed to be distributed to equity and preference share holders.

c) The Board of the Company is of the opinion that the assets other than Property, plant and
equipment, Intangible assets and Non-current investments have a value on realization in the ordinary
course of business at least equal to the amount at which they are stated.

NOTE 48: Details of Assets Having Value Value on Realisation Less Than the
Amount at which the Said Assets are Stated.

As at the end of the financial year 2025-26, the Board of Directors of Company is of the opinion that
the assets other than Property, Plant and Equipment, Intangible Assets and non-current investments
are of the value at which the said assets are stated in the balance sheet.

NOTE 49: Subsequent Events

There has not been any reportable subsequent events happened after reporting date.

NOTE 50: Regrouping

The company has regrouped / rearranged previous year figures in view of easy comparison with
current year figures.

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Mar 31, 2025

XIV. Provisions, Contingent Liabilities and Contingent Assets:

Provisions:

(i) Provision is recognized in the accounts when there is a present
obligation as a result of past event(s) and it is probable that an outflow
of resources will be required to settle the obligation and a reliable
estimate can be made. Provisions are not discounted to their present
value and are determined based on the best estimate required to settle
the obligation at the reporting date. These estimates are reviewed at
each reporting date and adjusted to reflect the current best estimates.

(ii) During the year movements in provisions were made are as under:

Contingent Liabilities:

(iii) A Contingent liability is a possible obligation that arises from the past
events whose existence will be confirmed by the occurrence or non¬
occurrence of one or more uncertain future events beyond the control
of the company or a present obligation that is not recognized because
it is not probable that an outflow of resources will be required to settle
the obligation. A contingent liability also arises in extremely rare cases
where there is liability that cannot be recognized because it cannot be

measured reliably. The company does not recognize a contingent
liability but discloses its existence in the financial statements.

Contingent Assets:

(iv) Contingent assets are not recognized

XV. Cash Flow Statement:

(i) The cash flow statement is prepared using the "indirect method” set out
in Accounting Standard 3 "Cash Flow Statements” and presents the
cash flows by operating, investing and financing activities of the
Company. Cash and cash equivalents presented in the cash flow
statement consist of cash on hand and unencumbered, highly liquid
bank balances.

XVI. Trade Receivables:

(i) Trade receivables are recognized at transaction price.

XVII. Trade and other Payables:

(i) These amounts represent liabilities for goods and services provided to
the Company prior to the end of the financial year which are unpaid.
These amounts are unsecured and usually paid within the operating
cycle of the Company. Trade and other payables are presented as
current liabilities unless payment is not due within twelve months after
the reporting period. They are recognized initially at their fair value.

XVIII. Goods & Service Tax (GST):

(i) GST is accounted for at the time of goods or services supplied to
customers.

XIX. Segment Reporting:

(i) In accordance with Accounting Standard-17 - "Segment Reporting”
issued by the Institute of Chartered Accountants of India is not
applicable as the Company has mainly one business segment i.e. " Raw
unfiltered edible maize oil and cake.". There are no other primary
reportable segments. The major and material activities of the company
are restricted to only one geographical segment i.e. India, hence the
secondary segment disclosures are also not applicable.

3. Notes to financial statements:

I. Utilization of Fund raised through Initial Public Offering.

(i) On 1 February, 2024, the Company has raised Rs. 1944.00 Lakhs
through Initial Public Offer, and thereafter utilized the funds as under.

(ii) The Company had initially projected an expenditure of ? 145.00 lakh for
IPO-related expenses. However, only ? 119.22 lakhs were utilized for
this purpose. Unutilized funds of ? 25.78 have been invested in Fixed
Deposit with HDFC Bank.

(iii) The Company raised ? 400.00 lakh for general corporate purposes and
this General Corporate Purpose includes business acquisition and
Company has utilised Rs. 400.00 Lakh in acquiring M/s. Ajay Industries.

(iv) The Company raised ?184.33 lakhs for the acquisition of plant and
machinery. Out of this amount, ?135.94 lakhs have been utilized for the
intended purpose. The remaining funds have been invested in Fixed
Deposit with HDFC Bank.

(v) The Company has invested ? 75.00 Lakhs in Fixed Deposit with HDFC
Bank.

(vi) The Company has Rs. 0.44 Lakhs in the separate bank account for
unutilized funds.

In the Previous Year, ? 1,764.00 Lakhs proceeds were received as Securities Premium from the
issue of shares and incurred expenses of ? 33.10 lakhs for issue of shares and the said has been
written off aga i nst share premium received in such issue of shares.

Nature of Reserve and Surplus
Capital Reserves

In the Current Year, ? 18.68 Lakhs were generated on Acquisition of Ajay Industries.

Securities Premium

Securities premium is used to record the premium on issue of shares. This reserve shall be utilised
in accordance with the provisions of the Companies Act, 2013.

Statement of Profit and loss

Accumulated Profit & Loss are the profit/ (Loss) that the Company has earned/incurred till date less
any transfer to general reserve, dividends or other distribution paid to shareholders.

Reasons for Variances

c) Due to increase in Revenue, decrease in Operating Costs, repayment of debt, so the ratio has
changed.

g) Company is efficiently managing its payments to suppliers, potentially improving its
creditworthiness and negotiating power.

j) Due to increase in Revenue, decrease in Operating Costs, Improved inventory management. So,
the ratio has improved.

NOTE 47: CSR Expenditure

Nature of CSR activities

Provisions of Corporate Social Responsibility are not applicable to the Company for the year ended
on 31^st March, 2025

NOTE 48: Details of Crypto Currency

The Company has not traded or invested in Crypto Currency or Virtual Currency during the year
ended on 31^st March, 2025 & Financial Year ended 31^st March, 2025

NOTE 49: Other Statutory Disclosures as per the Companies Act, 2013

a) The company has not entered into any scheme of arrangement approved by the Competent
Authority in terms of sections 230 to 237 of the Companies Act, 2013.

b) There are no dividends proposed to be distributed to equity and preference share holders.

c) The Board of the Company is of the opinion that the assets other than Property, plant and
equipment, Intangible assets and Non-current investments have a value on realization in the ordinary
course of business at least equal to the amount at which they are stated.

NOTE 50: Subsequent Events

There has not been any reportable subsequent events happened after reporting date.

NOTE 51: Regrouping

The company has regrouped / rearranged previous year figures in view of easy comparison with
current year figures.

As per our report of even date

For M/s. J C RANPURA & CO For and on behalf of the Board of

Chartered Accountants Mayank Cattle Food Limited

Firm''s Registration No. 108647W (Formally Known as Mayank Cattle Food Private Limited)

Ketan Y. Sheth Ajay P Vachhani Bharat P Vachhani

Partner Whole time Director Managing Director

Membership No. 118411 DIN: 00585290 DIN: 00585375

UDIN: 25118411BMHVFO6193

Ankit B Vachhani Payal M Pandya

Chief Financial Officer Company Secretary

M No.: A53251

Place: Rajkot Place: Rajkot

Date: 06 May 2025 Date: 06 May 2025

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Mar 31, 2024

(n) Provisions, Contingent Liabilities and Contingent Assets:

Provisions:

(i) Provision is recognized in the accounts when there is a present obligation as a result of past event(s) and it is probable that an outflow of resources will be required to settle the obligation and a reliable estimate can be made. Provisions are not discounted to their present value and are determined based on the best estimate required to settle the obligation at the reporting date. These estimates are reviewed at each reporting date and adjusted to reflect the current best estimates.

Contingent Liabilities:

(ii) A Contingent liability is a possible obligation that arises from the past events whose existence will be confirmed by the occurrence or nonoccurrence of one or more uncertain future events beyond the control of the company or a present obligation that is not recognized because it is not probable that an outflow of resources will be required to settle

the obligation. A contingent liability also arises in extremely rare cases where there is liability that cannot be recognized because it cannot be measured reliably. The company does not recognize a contingent liability but discloses its existence in the financial statements.

(o) Cash Flow Statement:

(i) The cash flow statement is prepared using the "indirect method” set out in Accounting Standard 3 "Cash Flow Statements” and presents the cash flows by operating, investing and financing activities of the Company. Cash and cash equivalents presented in the cash flow statement consist of cash on hand and unencumbered, highly liquid bank balances.

3. Notes to financial statements:

(a) Current assets, loans & advances and liabilities:

(i) In the opinion of the Board, the value on realization of Current Assets, Loans and Advances, if realized in the ordinary Course of Business, shall not be less than the amount, which is stated in the current year Balance Sheet.

(ii) The Provision for all known liabilities is reasonable and not in excess of the amount considered reasonably necessary

(b) Utilization of Fund raised through Initial Public Offering.

(i) On 1 February, 2024, the Company has raised Rs. 1944.00 Lakhs through Initial Public Offer, and thereafter utilized the funds as under.

(ii) The Company had initially projected an expenditure of ? 145.00 lakh for I PO-related expenses. However, only ? 33.10 lakhs were utilized for this purpose. Unutilized funds of ? 111.90 lakh were utilized for working capital requirements.

(iii) The Company raised ? 400.00 lakh for general corporate purposes and this General Corporate Purpose included business acquisition. But due reason beyond the control of the management, such business acquisition could not be possible up to 31 March, 2024 and therefore, the management decided to pay back its short-term liabilities from banks to reduce interest burden.

(iv) The Company raised ?184.33 lakhs for the acquisition of plant and machinery. Out of this amount, ?135.94 lakhs have been utilized for the intended purpose. The remaining funds have been temporarily used for working capital requirements.

(v) The Company has Rs. 5.60 Lakhs in the separate bank account for unutilized funds.

As per our report of even date

For M/s. J C RANPURA & CO For and on behalf of the Board of

Chartered Accountants Mayank Cattle Food Limited

Firm''s Registration No. 108647W

Ketan Y. Sheth Bharat P Vachhani Ajay P Vachhani

Partner Managing Director Whole time Director

Membership No. 118411 DIN : 00585375 DIN: 00585290

UDIN: 24118411BJZWTP4573

Ankit B Vachhani Payal M Pandya

CFO Company Secretary PAN: AFLPV7525D M No.: A53251 Place: Rajkot Place: Rajkot

Date: 16 May 2024 Date: 16 May 2024

Reasons for Variances

A - Due to Increase in Trade Receivables & Inventory Current Ratio has been improved.

B - Due to Issue of new Capital this ratio has been improved.

D - Due to issue in new Equity Shares made increase in Average Share Capital so reduction in Return on Equity

F - Due to Increase in average trade receivables this ratio got reduced H - As Increase in Working Capital this ratio got improved I - Due to increase in profitability this ratio got improved

NOTE 39: Disclosure where company has given loan or invested to other person or entity to lend or invest in another person or entity

No funds have been advanced or loaned or invested (either from borrowed funds or share premium or any other sources or kind of funds) by the Company to or in any other person/s or entity/ies including foreign entity/ies (“Intermediaries”), with the understanding, whether recorded in writing or otherwise, that the Intermediaries shall lend or invest in party (“Ultimate Beneficiaries) identified by or on behalf of the Company._

NOTE 40: Disclosure where company has received fund from other person or entity to lend or invest in other person or entity

The Company has not received any fund from any party(s) (“Funding Party/ies”), with the understanding, whether recorded in writing or otherwise, that the Company shall, whether directly or indirectly lend or invest in other persons or entities identified by or on behalf of the Company (“Ultimate Beneficiary”) or provide any guarantee, security, or the like on behalf of the Ultimate Beneficiary.

NOTE 41: CSR Expenditure

Nature of CSR activities

Provisions of Corporate Social Responsibility are not applicable to the Company for the year ended on 31^st March, 2024

NOTE 42: Details of Crypto Currency

The Company has not traded or invested in Crypto Currency or Virtual Currency during the year ended on 31^st March, 2024 & Financial Year ended 31^st March, 2023

NOTE 43: Other Statutory Disclosures as per the Companies Act, 2013

a) The company has not entered into any scheme of arrangement approved by the Competent Authority in terms of sections 230 to 237 of the Companies Act, 2013.

b) There are no dividends proposed to be distributed to equity and preference share holders.

c) The Board of the Company is of the opinion that the assets other than Property, plant and equipment, Intangible assets and Non-current investments have a value on realization in the ordinary course of business at least equal to the amount at which they are stated.

d) The company has used the borrowings from banks and financial institutions for the specific purpose for which it was taken at the balance sheet date.

NOTE 44: Subsequent Events

1. On 1 April, 2024 The Company has Acquired Partnership Firm M/s. Ajay Industries with purchase consideration of ? 6,00,00,000.00/- (No Consideration is paid in Equity Shares)

2. On 7 April 2024 The company has invested ? 65,000 in M/s. Nanogen Agrochem Private Limited, Rajkot and acquired 6,500 No. of Equity Shares of ? 10 each and made 65.00% of Holder of the Company

NOTE 45: Regrouping

The company has regrouped / rearranged previous year figures in view of easy comparison with current year figures.

As per our report of even date

For M/s. J C RANPURA & CO For and on behalf of the Board of

Chartered Accountants Maya nk Cattle Food Limited

Firm''s Registration No. 108647W

Ketan Y. Sheth Bharat P Vachhani Ajay P Vachhani

Partner Managing Director Whole time Director

Membership No. 118411 DIN : 00585375 DIN: 00585290

UDIN: 24118411BJZWTP4573

Ankit B Vachhani Payal M Pandya

CFO Company Secretary

PAN: AFLPV7525D M No.: A53251

Place: Rajkot Place: Rajkot

Date: 16 May 2024 Date: 16 May 2024