BOARD OF DIRECTORS RAVI PRAVIN KABRA ANUJA KABRA VEENA PRAVIN KABRA RASHMI VIKAS KOTHARI REG! TERED OF I FLAT NO 8-2-293/82/C/17, 6™ FLOOR, ROAD NO 7, JUBILEE HILLS, HYDERABAD, TELANGANA, INDIA- 500033, AUDITORS, BABJI & ASSOCIATES CHARTERED ACCOUNTANTS, 3-1-211, SOMASUNDARAM STREET, SECUNDERABAD, TELANGANA ~ 500003.KABRA GLOBAL PRODUCTS PRIVATE LIMITED UNS 400 G202PTCHI94BL Registered Office : Mat No #.2-293/82/C/17, 6th Moor, Road No 7, Jubilee Hills, Hyderabad, Telangana, Incl 500033, Email : dabenbydaigmail. com, NOTICE Notice is hereby given that the Second Annual General Meeting of M/s. Kabra Global Products, Private Limited will be held on Friday, the 30" September, 2022 at 11:00 A.M. at the Registered Office of the company situated at Flat No 8-2-293/K2/C/17, 6th Floor, Road No 7, Jubilee Hills, Hyderabad, Telangana, India- 500033 to transact the following business: ORDINARY BUSINES! 1. To receive, consider and adopt the Audited Financial Statements for the year ended 31.03.2022 including Balance Sheet as at 31.03.2022 and Profit and Loss Account for the period ended as on that date together with the Report of Board of Director's and Auditor's thereon, 2. To consider and if thought fit to pass with or without modification(s) of the following which will be proposed as an ordinary resolution: “RESOLVED THAT in accordance with the provisions of Section 139 (1), 141 and 142 of the Companies Act, 2013 (the “Act”) read with Rule 3(7) of the Companies (Audit and Auditors) Rules, 2014 (including any statutory modification(s) or re-enactment thereof for the time being in force), M/s. Babji & Associates, Chartered Accountants (Firm Registration No. 0173798), Secunderabad be and are hereby reappointed as. Statutory Auditors of the Company so as to hold the said office for 5 years from the conclusion of 2 Annual General Meeting till the conclusion of the 7 Annual General Meeting to be held for financial year 2026-27 on a consolidated remuneration as may be decided by the Board of Directors for each audit period.” “RESOLVED FURTHER THAT M/s. Babji & Associates, Chartered Accountants (Firm Registration No. 0173798), Secunderabad shall in addition to the above remuneration be eligible to reimbursement of all expenses incurred during the course of Audit and availing all such facilities as are extended to them during Audit.” For and on behalf of the Board of Directors. ‘M/s. KABRA GLOBAL PRODUCTS PRIVATE LIMITED Signature: ‘Name : Mr Ravi Pravin Kabra Designation Director DIN 02723624 Place Hyderabad Date 06,09 2022NOTES: 1, AMEMBER ENTITLED TO ATTEND AND VOTE AT THE MEETING IS ALSO ENTITLED TO APPOINT A PROXY TO ATTEND AND VOTE INSTEAD OF HIMSELF. A PROXY NEED NOT BE A MEMBER. 2. The proxy form duly completed and signed should be deposited at the Registered Office of the ‘Company at least 48 hours before the commencement of the meeting.Form No. MGT-11 Proxy form [Pursuant to section 105(6) of the Companies Act, 2013 and rule 19(3) of the Companies (Management and Administration) Rules, 2014) KABRA GLOBAL PRODUCTS PRIVATE LIMITED Utst0sG2020PTC139481 Reygsteeed Olfice: Fat No 8. 2.299/82/0/17, ith Floor, Road No 7, Jubilee Hills, Hyderabad, Tclangana, tndia- 500033, shabrahydltigmail.com jame of the Member(s) [Registered Address e-mail a ~ Folio No 7Clicat iD pr VWe, being the member(s) of shares of the above named company. Hereby appoint [Name [E-mail Id lAdaress: [Signature or failing him a [Address [Signature oF filing him [Name [E-mail 1d Address: [Signature . or failing him as my/ our proxy to attend and vote (on a poll) for me/us and on my/our behalf at the 2nd Annual General Meeting of the company, to be held on Friday, the 30® September, 202 at 11:00 A.M at Flat No 8-2- 293/82/CN7, 6th Floor, Road No 7, Jubilee Hills, Hyderabad, Telangana, India- 500033 and at any adjournment thereof in respect of such resolutions as are indicated below: [Resolution Resolution(S) Vote No. _ For [Against 1, [Adoption of Statement of Profit ~& Loss. Balance Shest land report of Director's and Auditor's for the financial year 2021 — p02, 2. |To Reappoint M/s. Babji & Associates. Chartered Accountants (Firm Registration No. 0173798), Secunderabad as Statutory Auditors for 5 ears, [Affix Revenue Signed this __day of__20_ [Stamp Signature of Shareholder Signature of Proxy holder Note* Signature of the shareholder is also required across the revenue stampKABRA GLOBAL PRODUCTS PRIVATE LIMITED Uts4oTG 20201139481 Registered Office : Hat No 8-2-293/82/C/17, 6th Floor, Road No 7, Jubilee Hills, Hyderabad, Telangana, lndia- 500033. rhabeahyd@gmail.com ATTENDANCE SLIP ‘Second Annual General Meeting on 30.09.2022 at 11.00 A.M. Regd. Folio No. No. of shares held I certify that I am a registered shareholder/proxy for the registered Shareholder of the Company and hereby record my presence at Second Annual General Meeting of the Company on Friday, the 30" September, 2022 at 11:00 A.M. at Flat No 8-2-293/82/C/17, 6th Floor, Road No 7, Jubilee Hills, Hyderabad, Telangana, India- 500033. ‘Member’s/Proxy’s name in Block Letters Member's/Proxy’s Signature Note: Please fill this attendance slip and hand it over at the entrance of the hall.KABRA GLOBAL PRODUCTS PRIVATE LIMITED US 400 G2020P TCHI9ABT Flat No 8.2.293/82/C/17, 6th Blaoe, Road No 7, Jubilee Hills, Hyderabad, Telangana, Indu 500033 halveahyella gmail.com BOARD'S RI Vo The Members of, M/s. Kabra Global Products Private Limited Your Directors have pleasure in presenting the Second Board's Report of your Company together with the Audited Statement of Accounts and the Auditors’ Report of your company for the financial year ended 31st March, 2022 1, FINANCIAL HIGHLIGHTS: Amounts are rounded off in Thousands in INR Particulars (Current Year Previous Year Financial Year For the period 2021-22, February 24th, 2020 to March 31, 2021 |Grossincome — 25,1444at 1,906.81 | Profit(Loss) Before Finance Costs and] ‘1,392.02 m7, Depreciation | Finance Costs 1S6IG | 56.03 | Depreciation & Amortization Expenses 30488 56.30 | Net Profit/(Loss) Before Tax 930.98 | (76774) [Tax Expense 18.58 (5.15) Net Profit/(Loss) After Tax 912.40 (782.88) Balance of Profit brought forward (726.64) NIL Balance available for appropriation — 185.76 (782.88) | Proposed Dividend on Equity Shares NIL NIL ‘Tax on proposed Dividend ~ ‘NIL NIL Transfer to General Reserve NIL NIL. Securities Premium Account 17,185.51 NIL ‘Surplus/(Loss carried to Balance Sheet) 1737.27 (782.88)2. OPERATIONS AND PERFORMANCE During the Second year of operations, your company achieved a total Tumover of Rs 25,144.41/- and Net Profit of Rs 912.40/- afler tax as against Tumover of Rs. 1,906.81/- and Net Loss of Rs. 782.88/- in the previous year. The Company achieved good tumover and net profit during the financial year. The overall performance of the company is Satisfactory. 3. FUTURE OUTLOOK/OPERATIONS AND PERFORMANCE Your directors are putting their incessant efforts to increase the production capacity by way of acquiring the modem machinery, expanding the business operations by utilizing the existing manpower, technological and other resources to the maximum extent to achieve higher tumover and profits in future. 4. ANNUAL RETURN (Section 134(3)(a) ) ‘The Extract of Annual Retum as required under section 92(3) of the Companies Act, 2013 and rule 12(1) of the Companies (Management and Administration) Rules, 2014, in Form MGT-9 is appended herewith for your kind perusal and information, (as Annexure: 1) 5. MEETINGS OF THE BOARD OF DIRECTORS (Section 134(3\(b) During the Financial Year 2021-22, the Company held 10 board meetings of the Board of Directors as per Section 173 of Companies Act, 2013 which is summarized below. The provisions of Companies Act, 2013 and Secretarial Standard 1 adhered to while considering the time gap between two meetings. Date of Meeting Board Strength | No.of Directors Present | 05.05.2021 2 2 | 01,09,2021 16.10.2021 2 29.10.2021 2 2 4 01.12.2021 [30.12.2021 [31.01.2022 — 4 21.02.2022 4 17.03.2022 4 a 30.03.2022 alajulalwe re = we] er) wf is) ales) a) ns 5 6, DIRECTORS’ RESPONSIBILITY STATEMENT (Section 134(3(c) ) Pursuant to Section 134(5) of the Companies Act, 2013 the Board of Directors of the Company confirms that- (a) In the preparation of the annual accounts, the applicable accounting standards had been followed along with proper explanation relating to material departures; (b) ‘The directors had selected such accounting policies and applied them consistently and made judgments and estimates that are reasonable and prudent so as to give a true and fair view of the state of affairs of the company at the end of the financial year and of the Profit of the company for that period:(©) The directors had taken proper and sufficient care for the maintenance of adequate accounting records in accordance with the provisions of this Act for safeguarding the assets of the company and for preventing and detecting fraud and other irregularities, (d) ‘The directors had prepared the annual accounts on a going concem basis; and (e) Company being unlisted sub clause (e) of section 134(5) is not applicable. (D). The diroctors had devised proper systems to ensure compliance with the provisions of all applicable laws and that such systems were adequate and operating effectively 7. AUDITORS As per the provisions of Section 139 of the Companies Act, 2013 statutory auditors need to be reappointed for 5 years from the conclusion of the ensuing 2™ Annual General Meeting. The Auditors M/s, Babji & Associates, Chartered Accountants (Firm Registration No. 017379S), Secunderabad who were appointed in the Extraordinary General Meeting held on 0Sth August 2022 will retire al the ensuing 2 Annual General Meeting and being eligible, offered themselves for reappointment, Hence it is proposed to reappoint M/s. Babji & Associates, Chartered Accountants (Firm Registration No. (017379S), Secunderabad, as statutory auditors of the company from the conclusion of the ensuing Annual General Meeting till the conclusion of 7 Annual General Meeting to be held for the financial year 2026-27. 8. AUDITORS REPORT (Section 134(3)( (i) ) In connection with the qualifications made by Statutory Auditors in the Auditor's Report that the a) Company did not insure its stocks. As on 31.03.2022, the value of closing stocks was Rs.53,68,927/-. because of that the company has commenced the manufacturing activity in Feb 2022. The management has taken proper precautions in safeguarding the stock. The management is now in process of obtaining in FY 2022-23. b) Company did not insure its plant & machinery. The WDV of plant & machinery as on 31.03.2022 was Rs.53,72,283/-. Because of hat the company has commenced the manufacturing activity in Feb 2022. Major part of the fixed assets acquired and installed in the last quarter of FY 2021-22 and The management has taken proper precautions in safeguarding the fixed assets. ‘The management is now in process of obtaining in FY 2022-23. Apart from the above, there are no qualifications or adverse remarks in the Auditors’ Report which require any clarification’ explanation. The Notes on financial statements are self- explanatory and needs no further explanation. Further the Auditors” Report for the financial year ended, 31st March 2022 is appended herewith for your kind perusal and information 9. LOANS, GUARANTEES AND INVESTMENTS (Section 134(3\(g) ) There were no loans, guarantees or investments made by the Company under Section 186 of the Companies Act, 2013 during the year under review and hence the said provision is not applicable. 10. RELATED PARTY TRANSACTIONS (Section 134(3)(h) ) ‘The Company has entered into certain transactions as defined under Section 188 of the Companies Act, 2013 with related parties as defined under Section 2 (76) of the said Act. Further all the necessary details of transactions entered with the related parties are attached herewith in form no, AOC-2 for your kind perusal and information. (as Annexure: 2).Your company is formed to carry on the business of manufacturing, preserving, reigning, packing, bottling, prepare, manipulate, treat, market, import, export, improve, produce, process, prepare, buy, sell, deal in and carry on the manufacturing and trading in foods and beverages like icepops. jams, jelly’s. pickels. cider, chutney, marmalades, mayonnaise, mustard, deserts, coffee, tea, Navours, condiments, pancakes, doughnuts, vinegar’s, ketchup, sauces, juices, squashes, syrups, soups, powder(eatable), drinks, alcoholic and non-alcoholic, carbonated and non- carbonated, gelatins, essences, ice creams, dairy products, meat, sausages, pottend meats and other meat products, marine and seafood products, table delicacies, fast food, frozen foods and other eatables, bakery products and confectionery items such as breads, biscuits, sweets, roti, pizza, papad, cakes, pastries, cookies, wafers, candoles, lemon drops. chocolate, chewing gum, {offees,lozenges, tinned, caned: bottled products, milk cream, butter, butter scotch, sauce, ghe cheese, condensed milk, milk powder, skimmed milk food, baby food, infant foods, milk products and milk preparation, soya milk products and preparation, soyabean based foo protein foods, dietic products, health foods, cereal products, wheat lakes, poultry products, farm products, milk shakes, water ice products, yoghurt, mouth freshner, carbon dioxide for beverages 12, TRANSFER TO RESERVES (Section 134 (3) (J)) For the financial year ended 31st March, 2022 the Company has not transferred any amount to General Reserve Account 13, DIVIDEND (Section 134 (3) (k)) No Dividend was declared for the current financial year. 14. MATERIAL CHANGES AND COMMITMENTS (Section 134(3)() ) No material changes and commitments affecting the financial position of the Company occurred between the end of the financial year to which these financial statements relate on the date of this report. 15. CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION AND FOREIGN EXCHANGE OUTGO: (Section 134m) ) A. Conservation of Energy, Technology Absorption The particulars as required under the provisions of Section 134(3) (m) of the Companies Act, 2013 in respect of conservation of energy and technology absorption have not been furnished considering the nature of activities undertaken by the company during the year under review. B. Foreign Exchange Earnings and Outgo Figures rounded off in Thousands in INR Particulars For the period ended 31% March, 2022 | Foreign Exchange Earnings 651.67/- Expenditure in foreign currency16, RISK MANAGEMENT (Section 13430) ‘The Company does not have any Risk Management Policy as the elements of risk threatening the Company's existence are very minimal, 17. CORPORATE SOCIAL RESPONSIBILITY (Section 134(3\0) ) ‘The Company has not developed and implemented any Corporate Social Responsibility initiatives as the said provisions are not applicable. 18. INFORMATION ABOUT SUBSIDIARY/ JV/ ASSOCIATE COMPANY (Section 134(3)(a) 1d with Rule 8 (5) (iv) Companies Rules, 2014} Company does not have any Subsidiary, Joint venture or Associate Company during the financial year. 19. CHANGES IN SHARE CAPITAL, IF ANY During the Financial Year 2021-22, The Authorized share capital of 1,50,000 Equity shares was reclassified into 1,25,000 Equity shares of Rs. 10/- each and 25,000 0.01% Compulsorily Convertible Preference Shares of Rs. 10/- each aggregating to 15,00,000/- and paid up share capital has increased from Rs. 5,00,000/- To Rs. 6,63,740/- by issuing 5,412 equity shares at the rate of Rs. 10/- each and 10,962 0.01% Compulsorily Convertible Preference Shares of Rs. 10/- each 20. TRANSFER OF UNCLAIMED DIVIDEND TO INVESTOR EDUCATION AND PROTECTION FUND ‘The provisions of Section 125(2) of the Companies Act, 2013 do not apply as there was no dividend declared and paid last year. 21, DIRECTORS AND KEY MANAGERIAL PERSONNEL During the year under review, Mr. Ravi Pravin Kabra (DIN 02723624) and Mrs. Anuja Kabra (DIN 02817102) were appointed as Additional Directors with effect from 01* December 2021 and regularized them in the Annual General Meeting held on 31 December 2021 The Company is not mandatorily required to appoint any whole time Key Management Personnel (KMP). 22, DEPOSITS ‘The company has not accepted any deposits during the year. 23. SHARES During the year under review - i) The Company has not bought back any of its securities. ii) The Company has issued 5.412 equity shares at the rate of Rs. 10/- each and 10,962 0.01% Compulsorily Convertible Preference Shares of Rs. 10/- each at a face value of Rs. 10/- each and Company has not issued any sweat equity shares and shares with differential voting rights ii) The Company has not provided any Stock Option Scheme to the employees.|CULARS OF EMPLOYEES AS RULE 52) OF JUNERATION OF MANAGERIAL PE! 24. PA (APPOINTMENT AND Ri 2014 ‘There were no employees who arc in receipt of remuneration as prescribed under rule 5(2) of ‘Companies (Appointment and remuneration of Managerial Personnel) Rules, 2014, 25, DISCLOSURE UNDER THE SEXUAL HARASSMENT OF PREVENTION, PROHIBITION AND REDRESSAL) ACT, 2013; ‘The Company has in place an Anti Sexual Harassment Policy in line with the requirements of ‘The Sexual Harassment of Women at the Workplace (Prevention, Prohibition & Redressal) Act, 2013 Internal Complaints Committee (ICC) has been set up to redress complaints received regarding sexual harassment. All employees (permanent, contractual, temporary, trainees) are covered under this policy. 26.DETAILS OF SIGNIFICANT AND MATERIAL ORDERS PASSED BY THE REGULATORS, COURTS AND TRIBUNALS No significant and material order has been passed by the regulators, courts, tribunals impacting the going concern status and Company's operations in future, 27, SECREATARIAL STANDARDS ‘The Company is in compliance with applicable secretarial standards. 28, ACKNOWLEDGEMENTS ‘Your directors wish to express their grateful appreciation to the continued co-operation received from ‘the Banks, Government Authorities, Customers, Vendors and Shareholders during the year under review. Your directors also wish to place on record their deep sense of appreciation for the committed service of the Executives and staff of the Company For and on behalf of the Board of Directors M/s KABRA GLOBAL PRODUCTS PRIVATE LIMITED Signature: Signature ‘Name : Ravi Pravin Kabra Name Anujs Kabra ‘Designation Director Designation: Director DIN 02723624 DIN : 02817102 Place Hyderabad Place Hyderabad Date 5 06009. 2022—— 660 0Fo 2022- [m2 AS SENAnnexure -1 (0 the Board’s Report EXTRACT OF ANNUAL RETURN As on financial year ended on 31.03.2022 CIN Ri T 2. stration Date 3, | Name of the Company 4 Category/Sub-category of the Company 5, | Address of the Registered off contact details 6. | Whether listed ‘company 7. | Name, Address & contact details of the Registrar & Transfer Agent, if any. nt {o Section 92 (3) of the Compani Act, 2013 and rule 12(1) of the Company ration) Rules, 2014), ULS400TG2020PTCL39ARI 24/02/2020 KABRA GLOBAL PRODUCTS PRIVATE LIMITED ‘Company limited by shares, Non-government company Flat No 8-2-293/82/C/17, 6th Floor, Road No 7, Jubilee Hills, Hyderabad.Telangana- 500033. Email Id: RKABRAHYD@GMAIL.COM. Mobile Number : X00014083 No NA Il. PRINCIPAL BUSINESS ACTIVITIES OF THE COMPANY (All the business activities contributing 10 % or more of the total turnover of the company shail be stated) No. | services S. | Name and Description of main products / | NIC Code of the | % to total turnover Productiservice | of the company hon-alcoholic. Manufacturing and trading in foods and 1 peverages like ice pops, jams, jelly's, pickels, 10739 100 ‘ider, chutney, marmalades, mayonnaise] wstard, deserts, coffee, tea flavours|_ (AS pet NIC ndiments, pancakes, doughnuts, vinegar’s. 2008) ketchup, sauces. juices. squashes, syrups, soups, powder (eatable), drinks, alcoholic and) IL, PARTICULARS OF HOLDING, SUBSIDIARY AND ASSOCIATE COMPANIES ‘S.No | Name And Address or ‘The Company CINIGLN | Holding/ % OF Api Subsidiary/Associate | Shares | Section | HelaIV.SHARE HOLDING PATTERN (Equity Share Capital Breakup as percentage of Total Equity) ¢ Share Holding No. of Shares held at the beginning of the year |As on 01" - April -2021 Total (i) Category- Category of Shareholders ‘A. Promoters (Indian 1) Individual? HUF bCentral Govt €) State Govt(s) 4) Bodies Corp, ) Banks / FI 1) Any other ‘Sub-Total wa Demat Physi al ‘2Foreign a) NRIs- Individuals |b) Other = Individuals ©) Bodies Corp, %of | Demat Total Shares 100% Physical Total 55412 55412 | No. of Shares held at the end of the year [As on 31-March-2022] ‘of Total Shares 100% 100% Change during the year | a) Banks 7FT ©) Any Other, ‘Sub-total (A) @- Total shareholding of Promoter w= (AYA+(AV2) 100% B. Public Shareholding 1. Institutions 8) Mutual Funds Banks 7FI ©) Central Govt 1d) State Gowt(s) ©) Venture Capital Funds 1 Insurance Companies @) Fils +) Foreign Venture Capital Funds 9) Others (specify)‘Sub-total (By 2. Now Institutions 1 Bodies Comp ©) Others (specify) ‘Non Resident Indians ‘Overseas Corporate Bodies Foreign Nationals Clearing Members Trusts Foreign Bodies -DR ‘Sub-total Bey~ “Foal Public ‘Shareholding BrBXIy+ @x) ‘C. Shares held by Custodian for GDRs & ADRs Grand Total (asB+o) 100%ii) Shareholding of Promoter- SS |Shareholder’s | Shareholding at the | Shareholding at the end of — | % ch No | Name _ beginning of the year | the year in | No.of | %of | %of | No.of ot shareholdi Shares | total [Shares | Shares Shares [ng during | Shares | Pledged Pledged | the year | ofthe |/ \1 compa | encumb compan | encumb ny | ered to y | ered to total total | shares | shares [1 Weona Pravin | 25,00 | S0% | NIL) tats | 26-74% | NIL | 23.25% | Kabra 2 Ravi Pravin: Nil NIL NIL) 25,598 [46.18% NIL 46.18% | | | [28000 | s0% | NIL) NIL | NIL on a | | [NIL [ONIN 95,000 27.06% | NIL) 26m | | 1 50,000° | 100% 755412 | 100% ~ a | | Change in Promoters’ Shareholding (please specify, if there is no change) S. | Particulars - - Shareholding at the | Cumulative Shareholding |No beginning of the during the yea | No.of | % of t No.of | % of total | | | shares | shares of the | shares | shares of the | company company ‘At the beginning of the year 25,000 50% 25,000 30% Veena Pravin Kabra | Date wise Increase / Decrease in | | Promoters Shareholding during the | |year specifying the reasons for | increase / decrease (e.g, allotment | “!5-000 a 2a 20% Aransfer / bonus! sweat equity etc.) | ‘Transferred 15,000 Equity shares to || Anuja Kabra on 01" September (2021 Allotment of 4,818 equity shares on | +4818 | 8.69% v4818 50% Rights basis on 29% October 2021 ‘At the end of the year 14818 | 26.74% | 14818 26.74%At the beginning of the year Rashmi Vikas Kothari Date wise Increase / Decrease in Promoters Shareholding during the year specifying the reasons for increase / decrease (e.g. allotment ‘MAransfer / bonus/ sweat equity etc.): ‘Transferred 25,000 Equity shares to Ravi Pravin Kabra on 01" ‘September 2021 "At the end of the year | Shareholding at the No. of 25,000 -25,000 beginning of the year ‘% of total shares of the 50% ‘Cumulative Shareholding during the year No.of | % of total shares | shares of the company | 25,000 50% | -25,000 50% | | | NIL NIL Particulars | No.of |%oftotal [No.of | % of total shares | shares of the | shares | shares of the company company | At the beginning of the year NIL NIL NIL NIL Ravi Pravin Kabra | Date wise Increase / Decrease in | |Promoters Shareholding during the | |year specifying the reasons for increase 7 ocese (eg, allotment | *75000 | 50% | #25,000 50% ‘ansfer / bonus! sweat equity etc.): Transferred 25,000 Equity shares from Rashmi Vikas Kothari on 01 September 2021 Allotment of 594 equity shares on | +594 1.07% +594 1.07% Rights basis on 29% October 2021 ‘At the end of the year 25,594 | 46.18% | 25,594 46.18%[S.- | Particulars Shareholding at the — | Cumulative Shareholding No beginning of the year | during the year | No.of |%oftotal [No.of | % of total | | shares | shares of the | shares | shares of the L company company At the beginning ofthe year =| NIL | ‘NIL ‘NiL- NIL Anuja Kabra "| Date wise Increase / Decrease in a T | | Promoters Shareholding during the ee ee a ames +15,000| 27.06% | +15,000| 27.06% ‘hransfer / bonus/ sweat equity etc): Transferred 15,000 Equity shares from Veena Praveen Kabra on 01* September 2021 ~ | At the end of the year 15,000 | 27.06% 15,000 27.06% iv) Shareholding Pattern of top ten Shareholders: (Other than Directors, Promoters and Holders of GDRs and ADRs): S.No | For Each of the Top 10 ‘Shareholding at the | Cumulative Shareholding Shareholders beginning of the year | during the year No.of [%of [No.of | % of total shares | total shares | shares of the shares of company the company “At the beginning of the year rc Daie wise Increase 7 Decrease in Promoters Shareholding during the NIL year specifying the reasons for increase / decrease (e.g allotment /Aransfer / bonus/ sweat equity etc.): { ‘At the end of the year-v) Shareholding of Directors and Key Managerial Personnel: S.NO Shareholding of each Directors and ‘each Key Managerial Personnel Veena Praveen Kabra At the beginning of the year Date wise Increase / Decrease in Promoters Shareholding during the year specifying the reasons for increase /decrease (e.g allotment / transfer / bonus! sweat equity ete.): ), Allotment of shares through Bonus Issue on 29.10.2021. b). Decreased due to transfer made as on 01.09.2021 to Anuja Kabra, ‘At the end of the year Shareholding beginning of the year No. of shares 25,000 4818 (15,000) | 14818 af the % of total shares of the company 50% 25.71% (5%) 26.74% Rashmi Vikas Kothari At the beginning of the year 25,000 50% Cumulative the year 25,000 4818 | (15,000) 14818 | 25,000 Shareholding during No.of | % of total shares | shares of the company | 50% 25.7% (15%) 26.74% 50% Date wise Increase / Decrease in Promoters Shareholding during the ‘year specifying the reasons for increase /decrease (e.g, allotment / transfer / bonus/ sweat equity etc): a).Decrease due to transfer made as ‘on 01.09.2021 to Ravi Kabra (25,000) | 60%) | (25,000) ~ (50%) ‘At the end of the year NIL NIL NIL. Ravi Pravin Kabra ‘At the beginning of the year NIL NIL Date wise Increase / Decrease in Promoters Shareholding during the year specifying the reasons for increase /decrease (e.g. allotment / transfer / bonus/ sweat equity etc.): a) Received Shares of 25,000 Shares from Rashmi Vikas Kothari as on 01.09.2022 25,000 37.66% 25,000 38.56%V) INDEBTEDNESS -Indebtedness of the Company including interest outstanding/accrued but not ), Allotment of shares through Bonus Issue on 29.10.2021. At the end of the year 4 | ANUJA KABRA ‘Al the beginning of the year Date wise Increase / Decrease in Promoters Shareholding during the year specifying the reasons for increase /decrease (e.g. allotment / transfer / bonus/ sweat equity etc.): | a). Received Shares of 15,000 from ‘Veena Kabra as on 01.09.2022 At the end of the year due for payment 25594 | 46.18% NIL NIL 15,000 | 22.59% 15000 | 27.06% 25594 | 46.18% 15,000 | 22.59% 15,000 | 27.06% 0.894 NIL NIL Particulars Secured | | ‘Loans Unsecured its | Total excluding —_| Loans Deposits | Indebtedness — _ deposits = Indebtedness at the beginning of - . the financial year | - - i) Principal Amount 4319.21 0 4319.21 ii) Interest due but not paid - = - ) Interest accrued but not due | — |= - Total (Fit+éii) 4319.21 0 4319.21 ‘Change in Indebtedness during the financial year oe * Addition |= - = * Redu oe | 3318.97 0 | 3318.97 ‘Net Change - 3,318.97 0 3,318.97 Indebtedness at the end of the financial year | a i) Principal Amount 1000.24 1000.24 ii) Interest due but not paid — =| iii) Interest accrued but not due = = 5 Total (HE+iii) | 1000.24 o 1000.24VI. REMUNERATION OF DIRECTORS AND KEY MANAGERIAL PERSONNEL- A, Remuneration to Managing Director, Whole-time Directors and/or Manager: SN. | Particulars of Remuneration 1 | Gross salary (a) Salary as per provisions contained in section 17(1) of the Income-tax Act, 1961 (b) Value of perquisites w/s | 172) Income-tax Act, 1961 (© Profits in lieu of salary under | section 17(3) Income- tax Act, | 1961 2 | Stock Option — [3 | Sweat Equity 4 | Commission | = as % of profit ~ others, specify. 5__| Others, please specify Name of MD/WTD/ Manager Ravi Pravin Karbra ‘Anuja Kabra 865.00 750.00 Total Amount 1,615 “Total (A) oe | Ceiling as per the Act 1,615 NA B. Remuneration to other directors ‘SN. _ | Particulars of Remuneration Total Amount Independent Directors Fee for attending board committee meetings Commission Others, please specify Total (1) Other Non-Executive Directors Fee for attending board committee meetings ‘Commission Others, please specify Total (2) Not Applicable Total (B)=(142) Total Managerial Remuneration Overall Ceiling as per the Act | ——Annexure -2 Form No. AQC-2 (Pursuant to clause () of sub-section (3)of section 134 of the Act and Rule 8(2) of the ies (A 2014) Form for disclosure of particulars of contracts/arrangements entered into by the company with related parties referred to in sub-section (1) of section 188 of the Companies Act, 2013 including certain arm’s length transactions under third previso thereto 1. Details of contracts or arrangements or transactions not at arm’s length basis ‘There were no contracts or arrangements or transactions entered in to during the year ended 31* March 2022, which were not at arm’s length basis. 2, Details of material contracts or arrangement or transactions at arm's length basis Amounts rounded off in Thousands in INR Si. | Name of Nature of Nature of | Duration | Salient | Transaction Amount No related relationship | contract of terms | For the period ended party contract March 31, 2022 1 |Veena’ Member & | Loan NA | NA | 2150.00- Praveen Director Loan obtained from Kabra director [2 | Ravi Pravin Member & Loan NA N.A | 470.39/- Kabra | Director Loan obtained from _| - | director 3 Prabhavati Relative of Loan NA N. A | 200.00/- Kabra Director Loan obtained from , | | _ ___| relative of director 4 | Ravi Pravin Member & Remuneration NA N. A | 865.00/- Kabra Director 'S__[Anuja Kabra | Member & NA | 750.00- |_ Director | For and on behalf of the Board of Directors M/s KABRA GLOBAL PRODUCTS PRIVATE LIMITED Signature Signature ‘Name Ravi Pravin Kabra ‘Name Anuja Kabra Designation: Director Designation: Director DIN 02723624 DIN 02817102 Place Hyderabad Place Hyderabad Date 66°F, 202 Date 06404, 202-2Babji & Associates Chartered Accountants | OX Independent Auditor's Report To The Members of Kabra Global Products Private Limited Report on the Audit of the Standalone Financial Statements Qualified Opinion We have audited the standalone financial statements of Kabra Global Products Private Limited having CIN: U15400TG2020PTC139481 (the “Company") which comprise the Balance Sheet as at March 31, 2022, the statement of Profit & Loss for the year then ended, and notes to financial statements, including a summary of significant accounting policies and other explanatory information In our opinion and to the best of our information and according to the explanations given to us, except for the effects of the matters described in the “Basis for Qualified Opinion” section of our report, the aforesaid standalone financial statements give the information required by the Companies Act, 2013 (‘Act) in the manner so required and give a true and fair view in conformity with the accounting principles generally accepted in India, of the state of affairs of the Company as at March 31, 2022, its profit for the year ended as on that date. Basis for Qualified Opinion a, Company did not insure its stocks. As on 31.03.2022, the value of closing stocks was Rs.53,68,927/-. b. Company did not insure its plant & machinery. The WDV of plant & machinery as on 31.03.2022 was Rs.53,72,283/-. We conducted our audit in accordance with the Standards on Auditing (SA's) specified under section 143 (10) of the Companies Act, 2013. Our responsibilities under those Standards are further described in the "Auditor's responsibilities for the Audit of the Financial Statements” section of our report. We are independent of the Company in accordance with the code of ethics issued by the Institute of Chartered Accountants of India together with the ethical requirements that are relevant to our audit of the financial statements under the provisions of the Act and the rules thereunder, and we have fulfilled our other ethical responsibilities in accordance with these requirements and the code of ethics. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our qualified opinion, Other Information The Company's board of directors is responsible for the preparation of the other information. The other information comprises the information included in the Board's Report including Annexures to Board’s Report, Business Responsibility Report but #3-1-211, Somasundaram Street, Secunderabad 600 003 Mobile: 9985212890 E-Mail: babji@babi co in; kotababii Page 1 of 9Babji & Associates Chartered Accountants SX Kana Glob Products Put Ud Indoporwiont Auto ep does not include the standalone financial statements and our auditor's report thereon Our opinion on the standalone financial statements does not cover the other information and we do not express any form of assurance conclusion thereon In connection with our audit of the standalone financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the standalone financial statements or our knowledge obtained during the course of our audit or otherwise appears to be materially misstated, The Director's Report is not made available to us as at the date of this auditor's report. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard. Responsibilities of Management and Those Charged with Governance for the Financial Statements The Company's board of directors are responsible for the matters stated in section 134 (5) of the Act with respect to the preparation of these standalone financial statements that give a true and fair view of the financial position, financial performance and cash flows of the Company in accordance with the accounting principles generally accepted in India, including the accounting standards specified under section 133 of the Act. This responsibility also includes maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding of the assets of the Company and for preventing and detecting frauds and other irregularities; selection and application of appropriate accounting policies; making judgments and estimates that are reasonable and prudent; and design, implementation and maintenance of adequate internal financial controls, that were operating effectively for ensuring the accuracy and completeness of the accounting records, relevant to the preparation and presentation of the financial statement that give a true and fair view and are free from material misstatement, whether due to fraud or error. In preparing the financial statements, management is responsible for assessing the Company's ability to continue as a going concer, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless management either intends to liquidate the Company or to cease operations, or has no realistic alternative but to do so. The board of directors are also responsible for overseeing the Company's financial reporting process. #3-1-211, Somasundaram Street, Secunderabad 500 at! Mobile: 9985212890 E-Mail: babji@babji.co.in; kotababji¢ Oa Page 2 of 9Babji & Associates Chartered Accountants (AN Kabra Global Products Pt tid tnpendent Asitors Rope Auditor's responsibilities for the Audit of the Financial Statements Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion, Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with SAs will always detect a material misstatement when it exists, Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. As part of an audit in accordance with SAs, we exercise professional judgment and maintain professional scepticism throughout the audit. We also: » Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. » Obtain an understanding of internal control relevant. to the audit in order to design audit procedures that are appropriate in the circumstances but not for the purposes of expressing an opinion on the effectiveness of the Company's internal controls. » Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by management. Conclude on the appropriateness of management's use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Company's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditors report. However, future events or conditions may cause the Company to cease to continue as a going concern, > Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation. v #3-1-211, Somasundaram Street, Secunderabad 500 003 Mobile: 985212890 E-Mail: babji@babii.co in; katababii@amail.com Page 3 of 9Babji & Associates Chartered Accountants Ss Kab Gabel Pact Pa Ud Indep Avaors Reopen We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit. We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our independence, and where applicable, related safeguards. From the matters communicated with those charged with governance, we determine those matters that were of most significance in the audit of the financial statements of the current period and are therefore the key audit matters. We describe these matters in our auditor's report unless law or regulation precludes public disclosure about the matter or when, in extremely rare circumstances, we determine that a matter should not be communicated in our report because the adverse consequences of doing so would reasonably be expected to outweigh the public interest benefits of such communication Other Matter The comparative financial information of the Company for the year ended 31% March 2021 prepared in accordance with Accounting Standards have been audited and reported by another firm of Chartered Accountants, who expressed an unmodified opinion on those financial statements vide their opinion dated 16" October, 2021 The balances as on 31% March 2021, as per the audited accounts regrouped / reclassified by the management wherever necessary, have been considered as opening balances for the purposes of these financial statements. Our opinion is not modified in respect of this matter, Report on other Legal and Regulatory requirements 1, As required by the provisions of the Companies (Auditor's Report) Order, 2020 (‘the Order’), issued by the Central Government of India in terms of sub- section (11) of section 143 of the Companies Act, 2013 we give in the “Annexure-1” to this Report, a statement on the matters specified in paragraphs 3 and 4 of the Order. 2. As required by Section 143(3) of the Act, we report that: a. We have sought and obtained all the information and explanations which to the best of our knowledge and belief were necessary for the purposes of our audit; b. In our opinion, proper books of account as required by law have been kept by the Company so far as it appears from our examination of those books; ©. The balance sheet and the statement of profit and loss dealt with by this report are in agreement with the books of account; #1211, Somasundaram Street, Secunderabad 500 003.7, Mobile: 9985212890 E-Mail: babj@babji co. in; kotababii@amail chee Page 4 of 9 VeBabji & Associates Chartered Accountants (oAN Kabra Global Products Pi tid Indopendent Auditors Repo d. In our opinion, the aforesaid standalone financial statements comply with the accounting standards specified under section 133 of the Act, read with rule 7 of the Companies (Accounts) Rules, 2014; On the basis of the written representations received from the directors as ‘on March 31, 2022 taken on record by the board of directors, none of the directors is disqualified as on March 31, 2022 from being appointed as a director in terms of Section 164 (2) of the Act; The provisions of Section 197 read with Schedule V of the Act are not applicable to the Company for the period ending on 31" March 2022. Since the Company's turnover as per last audited financial statements is less than Rs.50 Crores and its borrowings from banks and financial institutions at any time during the year is less than Rs.25 Crores, the Company is exempted from getting an audit opinion with respect to the adequacy of the internal financial controls over financial reporting of the company and the operating effectiveness of such controls vide notification dated June 13, 2017; and With respect to the other matters to be included in the Auditor's Report in accordance with Rule 11 of the Companies (Audit and Auditors) Rules, 2014, in our opinion and to the best of our information and according to the explanations given to us; i. The Company does not have any pending litigations which would impact its financial position; ii, The Company did not have any long-term contracts including derivative contracts for which there were any material foreseeable losses; and ili, There were no amounts which required to be transferred to the Investor Education and Protection Fund by the Company For Babji & Associates Chartered FRN: 0173798 eh ‘Adinarayana Babji K Proprietor Accountants Cab) Membership No: 204365 Date: eq UDINS 2 204365 BRZO)Z- 21S #3-1-211, Somasundaram Street, Secunderabad 500 003 Mobile: 9985212890 E-Mail: babji@babji co in; kotababji@amail,com Page 5 of 9Babji & Associates Chartered Accountants SX Karn Gla Produetn Put Lid Indoporont ators Repent “Annexure A" to the Independent Auditors’ Report of Mis Kabra Global Products Private Limited (“the Company”) Referred to in paragraph 1 under the heading ‘Report on Other Legal & Regulatory Requirement’ of our report of even date to the financial statements of the Company for the year ended March 31, 2022: ti) (i) (ii) ) (w) (a) (A) The Company has maintained proper records showing full particulars, including quantitative details and situation of property, plant and equipment (B) The Company is not having any intangible assets and hence Clause (i)(a)(8) 's not applicable (b) All Property, Plant and Equipment have been physically verified by the ‘management annually which in our opinion is reasonable having regard to the size of the Company and the nature of its assets. No material discrepancies were identified on such verification (c) According to the information and explanations given by the management, there are no immovable properties, included in “Property, Plant and Equipment” of the Company (other than properties where the company is the lessee and the lease agreements are duly executed in favour of the lessee) and accordingly, the requirements under paragraph 3(i(c) of the Order are not applicable to the ‘Company. (d) The company has not revalued its property, plant and equipment (including right. of use assets) or intangible assets during the year ended March 31, 2022. (e) According to the information and explanations given by the management, no proceedings have been initiated during the year or are pending against the Company as on 31.03.2022 for holding any benami property under the Benami Transactions (Prohibition) Act, 1988 and the rules made thereunder. (a) The inventories were physically verified by the management at the end of the year. In our opinion and according to the information and explanations given to Us, the coverage and procedure of such verification by the management is appropriate having regard to the size of the Company and the nature of its operations. No discrepancies of 10% or more in aggregate of each class of inventories were noticed on such physical verification of inventories when ‘compared with the books of accounts. (b) The Company was sanctioned working capital limits from Kotak Mahindra Bank to the tune of Rs.23 Lakh but the same was discharged and closed during the financial year. Since the sanctioned limit did not exceed Rs.5 Crore, reporting under paragraph 3(i)(b) of the Order is not applicable to the Company ‘The Company has not made investments in, or provided any guarantee or security or granted any loans or advances in the nature of loans, secured or unsecured to ‘companies, firms, Limited Liability partnerships or other parties. Accordingly, the provisions of clause 3 (ii) (a) to (f) of the Order are not applicable to the Company and hence not commented upon. In our opinion and according to the information and explanations given to us, the ‘company has complied with the provisions of section 185 and 186 of the Companies ‘Act, 2013 In respect of loans, investments, guarantees, and security, as applicable. The Company has not accepted any deposits from the public and hence the Page 6 of 9Babji & Associates chatared Accountants: SX Kabra Global Produc Pv Lid Indopercent Audtor® Report directives issued by the Reserve Bank of India and the provisions of Sections 73 to 76 or any other relevant provisions of the Act and the Companies (Acceptance of Deposit) Rules, 2015 with regard to the deposits accepted from the public are not applicable. (vl) To the best of our knowledge and as informed to us by the management of the Company, the maintenance of Cost Records has not been specified by the Central Government under sub-section (1) of Section 148 of the Act, in respect of the activities carried on by the company. (vil) (a) According to information and explanations given to us and on the basis of our ‘examination of the books of account, and records, the Company has defaulted in payment of Provident Fund to the tune of Rs.3,57,799/-, Employees’ State insurance (ES!) to the tune of Rs.45,882/-. and TDS. The Company has been generally regular in depositing other undisputed statutory dues including Goods and Services Tax, Income Tax, Sales Tax, Service Tax, Duty of Customs, Value Added Tax, Cess and other Statutory dues to the appropriate authorities. The details of default of undisputed statutory dues outstanding for more than six months as on 31.03.2022 are given below ‘Statute | Nature | Amount | Period | Due Dato |/Date of | Ramarks ‘of Duos | in Payment. | defauit | | Rs. | income | TOS on} 19006 | 2021- | Payable on | Unpaid | As informed to us, Tax | Director 22 | monthiy as on the date of | salary basis on this aueit report, the the 7" of Director filed his next month me tax. retun | and discharged the Lf [| | saa tatty (b) According to the information and explanations given to us, there are no dues in respect of statutory dues referred to in the foregoing paragraph (vii)(a) which have not been deposited on account of any dispute. (viii) According to the information and explanations given to us, there were no transactions relating to previously unrecorded income that were surrendered or disclosed as income in the tax assessments under the Income Tax Act, 1961 during the year. Hence, paragraph 3(vii) of the Order is not applicable. (x) (@) In our opinion and according to the information and explanations given to us, the Company has not defaulted in repayment of loans and borrowings or in the payment of interest thereon to any lender during the year. (b) The Company has not been deciared a wilful defaulter by any bank or financial institution or other lender. (c) The Company has not taken any term loan during the year and there were no unufilised term loans at the beginning of the year hence the reporting under paragraph 3(ix)(c) of the Order is not applicable (d) According to the information and explanations given to us and based on an overall examination of the financial statements of the Company, we report that no funds raised on short term basis have been used for long term purposes by the ‘Company. (e) & (f) The Company does not hold any investment in any subsidiary, associate or joint venture hence paragraph 3(ix)(e) and (f) is not applicable. #3-1-211, Somasundaram Street, Secunderabad 500 003 Mobile: 9985212890 E-Mail: babji@babii.co. in; kotababji@amail.com Page 7 of 9Babji & Associates Chartered Accountants OX i ‘repondiant Aare open (x) (@) Since the Company is private limited, it cannot raise moneys by way of initial public offer or further public offer including debt instruments and term Loans. Accordingly, the provisions of clause 3(x)(a) of the Order are not applicable to the Company and hence not commented upon. (b) According to the information and explanations given to us and on the basis of our examination of the books and records of the Company, the Company has made private placement of 11947 No's of compulsorily convertible preference shares of Rs. 10 each at a premium of Rs.1085 per share during the year and the requirements of Section 42 and Section 62 of the Companies Act 2013 have been complied with. Out of the funds raised of Rs.1.31 Crore, and amount of Rs.0.26 Crore was used for the purposes for which the funds were raised and the remaining amount of Rs.1.05 Crore is lying in the bank account. and fair view of the financial statements and according to the information and explanations given by the management, we report that no fraud by the Company or on the company by its officers or employees has been noticed or reported during the year. (©) During the year, no report u/s143(12) was filed in Form ADT-4 with the Central Government. (c) The establishment of whistle blower mechanism is not applicable to the Company and hence reporting under paragraph 3(xi)(c) is not applicable. (xil) In our opinion, the Company is not a Nidhi Company. Therefore, the provisions of clause 3 (xi) of the Order are not applicable to the Company. (xii) According to the information and explanations given by the management, transactions with the related parties are in compliance with Section 188 of the Act where applicable and the details have been disclosed in the notes to the financial statements, as required by the applicable accounting standards. The provisions of Section 177 of the Act are not applicable to the Company and accordingly reporting under clause 3(xii) in so far as it relates to Section 177 of the Act is not applicable to the Company and hence not commented upon (xiv) (a) The Company does not have an internal audit system commensurate with the size and nature of its business and is not required to have an intemal audit system as per the provisions of Section 138 of the Companies Act, 2013. (b) In view of non-applicability of internal audit as per preceding paragraph 3(xiv)(a), the paragraph 3(xiv)(b) of the Order is not applicable. (xv) Based upon the audit procedures performed and the information and explanations given by the management, the company has not entered into any non-cash transactions with directors or persons connected with him as referred to in Section 192 of the Act. Accordingly, the provisions of paragraph 3 (xv) of the Order are not applicable to the Company and hence not commented upon. | (xi) _ (a) Based upon the audit procedures performed for the purpose of reporting the true (vi) (@) In our opinion, the company is not required to be registered under section 45 1A of the Reserve Bank of India Act, 1934 and accordingly, the provisions of clause 3 (wi) of the Order are not applicable to the Company and hence not commented upon. (b) The Company is not engaged in any Non-Banking Financial or Housing Finance activities and hence, paragraph 3(xvi)(b) is not applicable. (c) The Company is not a Core Investment Company as defined in the made by the Reserve Bank of India. (i, ¥#3-7-211, Somasundaram Street, Secunderabad 500 003) Mobile: 9985212890 E-Mail: babji@babji.co in; kotababii Page 8 of 9Babji & Associates Chartered Accountants (oAN Kabra Global Produc Pvt lid pando Ator® Repent (a) There is no group companyiCore Investment Company. Accordingly. the paragraph 3(xvi)(d) is not applicable (xvi) The Company has not incurred cash losses in the financial year and in the immediately preceding financial year. (xvill) There has been resignation of Statutory Auditors during the year and there were no issues, objections or concerns raised by the outgoing auditors. (xi) On the basis of the financial ratios disclosed in notes to the Standalone Financial Statements, ageing and expected dates of realization of financial assets and payment of financial liabilities, other information accompanying Financial Statements, ‘our knowledge of the Board of Directors’ and management's plans and based on our examination of the evidence supporting the assumptions, nothing has come to our attention, which causes us to believe that any material uncertainty exists as on the date of the audit report that Company is not capable of meeting its liabilities existing at the date of balance sheet as and when they fall due within a period of one year from the balance sheet date. We, however, state that this is not an assurance as to the future viability of the Company. We further state that our reporting is based on the. facts up to the date of the audit report and we neither give any guarantee nor any assurance that all abilities falling due within a period of one year from the balance sheet date, will get discharged by the Company as and when they fall due. (xx) _ Since the provisions of Section 136 of the Companies Act relating to Corporate Social Responsibility are not applicable to the Company, reporting under paragraph 3(xx) of the Order is not required (vod) There are no companies liable to be included in the consolidated financial statements and therefore, paragraph 3(xxi) of the Order is not applicable For Babji & Associates Chartered Accountants FRN: 0173798 tC Ft Baby) Adinarayana Babji K Proprietor Membership No: 204365, Date: 6-J-2092- _ UDIN®22 04 265 PRZUIZ-2 7115 #3-1-211, Somasundaram Street, Secunderabad 500 003 Mobile: 9985212890 E-Mail: babji@babji.co. in; kotababji@amail.com Page 9 of 9‘Kabra Global Products Private Limited Balance Sheet tat aren 31,2022 (Allamounts re rounded off to Rs Thowsans excep tris sate) Farieuis SEN Arata TT Ara aT, FOUTY AND HIABILITIES Shareholders Funds ‘Share Capa 2 ws Resrve ar Spin 3 73503 —a Non-Cerent Liabilities ‘efi Tas Lishliy 4 3 13 ‘ang Term Provisions 5 48506 2 ang Tere boc « 1.90024 230847 Short erm Borowngs 7 aon oe Carron Liab Trade Paabler 8 ‘Dos to Mico, San, Meum Enis eo Gah 8070 the Cazemt Linies 9 z ‘Sten em Proviso 0 “otal Equity & Libis ASSETS ‘Now-Current Awets Property, Past and Eauipmen " Prope Maa ap pens Sa91.68 Lares “tage Aes ‘ é Defer Tax Asset 2 aks (er Non Curent Assets a 600 37500 ar Ta Carson assets ‘tosng Sock 4 s6ns3 3010 Trade Receivables 6 e778 157508 Cech and Cah Equivalents 6 Heinis Shon Ter Loans nt Advances 0 393561 Dither Carat Aste 6 S921 Se Total Assets aa Summary oF Sica Accounng Pais \ Note o Facil Statement 2036 ‘The aesompanyng ne aan igre part of ena aemeas Aspe our report of even date For Hay Ansocits For and on etal of the Bote of Dietars (Chartered Accountants ‘Kabea Global Products Private insted Fim Reqsraton No. 0175795 yon i fi ainsa <~ to ten Penier Dror FS cahcipn 25565 Dien Dre osizim pe ee Pine inaentad Pe Hib Ons GG) Das Hon TST "06.07, 202 2 = 06,04,20 C2 ecieésppo uresKabra Global Products Private Limited ‘Statement of Profit and Loss forthe year ended March 31, 2022 (Allamounts are rounded off to Rs. Thousands, except for EPS and except a8 otherwise stated) " ar For the year ended Tacome ‘Revenue from Operations 19 25,144.41 1906.81 Other income 20 0.00 0.00 Total Income ui 1.90681 Expenses (Changes in Inventory 2 L2sg.ot [Employee Benefit Expenses 2 267.08 Finance Costs 2 36.03 Depreciation and Amortization Expenses 7 36.30, Other Expenses 4 13,481.00 1,006.49 Total Expenses Saas a Profie(Loss) Before Tax 30.98 (767.74) ‘ax Expense Current Tax 38.58 0.00 Deferred Tax (20.00) as.ts) Profiv(Loss) for the year aming per equity share: Basie & Diluted as inas (15.66) Summary of Sipsificant Accounting Policies 1 Notes to Financial Statements 21036 ‘The accompanying notes are an integral panto the Financial statements AAs per our report of even date For Babji & Associates For and on behalf of the Board of Directors Chartered Accountants Kabra Globol Products Private Limited Firm Registration No. 0173798, ‘Adinrayana Babi K Ail Kabra Proprster Diretor Direeor Membership No. 201365, SEOBY DIN: 2723628 DIN: 02817102 Place: Secunderabad Place: Hyderabad Place: Hyderabad Q-2BoDR_ DateiOG,04,2022- ste: 06,64.2.022 a PNEDROYIES BBLVO|ZE=15—KABRA GLOBAL PRODUCTS PRIVATE LIMITED. Note No.1: SIGNIFICANT ACCOUNTING POLICIES (Financial Year 2021-22) A BASIS OF ACCOUNTING: > The financial statements have been prepared in accordance with Indian Generally Accepted Accounting Principles (GAAP) under the historical cost convention and in accordance with the applicable Accounting Standards as prescribed under Section 133 of the Companies Act, 2013 (‘Act) read with Rule 7 of the Companies (Accounts) Rules, 2014, the provisions of the Companies Act, 2013. » The Company is a Small and Medium Sized Company (SMC) as defined in the general, instructions in respect of Accounting Standards notified under Section 133 of the Companies Act, 2013. Accordingly, the Company has complied with the accounting standards as applicable to a SMC read with the requirements of the Companies Act, 2013, > Accounting policies not specifically referred to otherwise are in accordance with prudent accounting principles. > All revenues, expenses, assets and liabilities having material bearing on the financial statements are recognized on accrual basis, unless otherwise stated USE OF ESTIMATES: The preparation of financial statements requires estimates and assumptions to be made that affect the reported amount of assets and liabilities on the date of the financial statements and the reported amount of revenues and expenses during the reporting period. Difference between the actual results and estimates are recognized in the period in which the results are known/ materialized. FIXED ASSETS: Fixed assets are stated at cost less accumulated depreciation and impairment loss, if any. All costs, directly attributable to bringing the asset to the present condition for the intended use, are capitalized. DEPRECIATION: Depreciation on fixed assets has been provided based on diminishing balance method, considering the useful lives of the assets as prescribed under Part C of the Schedule II of the Companies Act, 2013. IMPAIRMENT OF FIXED ASSETS: Consideration is given at each balance sheet date to determine whether there is any indication of impairment of the carrying amount of the Company's fixed assets. For this purpose, assets are grouped into the smallest group of assets (cash generating unit or CGU) ‘An impairment loss is recognized whenever the carrying amount of a CGU exceeds its estimated recoverable amount. TAXATION: CURRENT TAX: Provision for current income tax is made on the basis of Taxable income under the Income Tax Act, 1961 DEFERRED TAX: Deferred Tax is calculated at applicable statutory Income Tax rate and is recognized on timing differences between taxable income and accounting income that originated in one period and are capable of reversal in one or more subsequent periods. EARNINGS PER SHARE: The Company reports Basic and Diluted eamings per share in accordance with AS-20 “Eamings per Share". The Basic earnings per share is computed by dividing the profit by the weighted average number of equity shares outstanding during the Retiod. 597. (Hyderabad) 2 RYH. PROVISIONS, CONTINGENT LIABILITIES AND ASSETS: ‘The Company recognizes a provision when there is a present obligation as a result of a past event that probably requires outflow of resources, which can be reliably estimated. Disclosures for a contingent liability is made, without a provision in books, when there is an obligation that may, but probably will not, require outflow of resources. Contingent Assets are neither recognized nor disclosed. I. REVENUE RECOGNITION Revenue is recognised to the extent that it is probable that the economic benef will flow to the Company and can be reliably measured. Revenue from services is recognized on mercantile basis, on a cost-plus model, based on services rendered and billed as per the terms of agreement entered with the customer. |. FOREIGN CURRENCY TRANSACTIONS Foreign currency transactions are recorded using the exchange rates prevailing on the dates of the respective transactions or at an average monthly rate that approximates the actual rate at the date of transaction. Exchange differences arising on foreign currency transactions settled during the year are recognized as income or expense in the Statement of Profit and Loss. Monetary current assets and current liabilities that are denominated in foreign currency are translated at the exchange rate prevalent at the date of the balance sheet. The resultant exchange differences are recognized as income or expense in the Statement of Profit and Loss. K. INVESTMENTS Investments that are readily realizable and intended to be held for not more than a year are classified as current investments. All other investments are classified as long-term investments. Current investments are carried at lower of cost and fair value determined on an individual investment basis. Long term investments are carried at cost. However, provision for diminution in value is made to recognize a deciine other than temporary in the value of the investments. Dividend Income is accounted when the right to receive dividend is established As per our Report of even date For Babji & Associates For and on behalf of the board of Chartered Accountants ‘abra Global Products Pvt Ltd FRN 017379S 7. , EAC NX oe ‘Adinarayana Babj Ravi Pravin Kabra Anuja Kabra Proprietor Director Director Membership No:204365, DIN: 02723624 DIN: 02817102 WINEPOY2ES Sees Place: Sesaiohspa (> Place: Hyderabad Place: Hyderabad Date: DODD Date:06,09+2022 Date: 6 6404 ¢2622-Kabra Global Products Private Limited Note o Financial statements as at March 31,2022 (Allumouns are rounded off to Rs. Thouands except a thers tate) 2 Share Capital “Ast March 1,202 “Rear Maren, 2077 NaofShares Amount __Naof Shares Amount “Avihorived Share Ca [Equity and Preference shares of Rs 10 each 1009 1.30000 15009 1.50000 Subscribed & Paid up Capital “Equi shares of Rs 10 each sat ssu12 5000 s00.00 Preference shires Rs 10 each 1096 10862 0.00 4 Total 6H eae 00 “The reconciliation ofthe number of equity shares 2.1 auttandine eect nat helo ‘Ae at March 312022 ‘As at March 312021 Particntary NoofShares Amount No.of Shares Amouat “Haves oastanding al ue beginning of We peiod 36.00 “S00 : ‘Shares issued durin the peo sab 412 som S000 ‘Shares bought ck daring the period ; : ‘ the eo the ert Sa 7 so.00____s00100 Note Rights issue of share at I shares per 9 shares held was done during the financial year. As consideration for rights issue, loans given by the Shareholders earlier were adjusted against amount payable on allotment of rights shares 3412 equity shares having face value of REO were allotted at premion Of 8397.73 each against the conversion of ons “The reconciliation of the number of Preference shares outstadine i set ont below: Ava Maren STROE ‘As at March 31,3027 zeae Naof Shares Amowat__No.ofShares Amos ‘Shares oustandin a Ue bemnna othe neviod ~ - - = Shares isu dura the penod 1096 109.62 : : ‘Shares bovsht hack durin the period 3 ; 2 : ‘Shares ouianding athe end ofthe period 50.96 109.62 Class of Shares held by its Holding Company — 2.2 aut Shares of Rs. 10 ach Fall iden “Aeat March S100 ‘Asat March 31202) ‘Name of Share Shareholder No.of %ofilalding No.of Shares 6 folding. ‘The details ofsharsholder holding more than 5% 223 eamity ser eet hea: Sat March 312022 sme of Shareholder Vee Praveen Kabra ae ere Rashmi Vikas Kotha Sar Ravi Pravin Kabra 2559 461% Aaja Katee 15.00 2707%Details of tarcholdcr holding more than St preference shares i ven Below Asal March 33022 Aral March] 202 sol Name of Shareholder No of Shares NootShares | “40H 1 par Vision CLP Tas 1667 2}Aman Gupte aot 83404 3 Semece Ashok Meta ost 83334 sfaiture Cap LLP 135 1667 5} Anuparn Mital 33 leon fash Grove LLP Iss 166754 | ighty Seven ity Six Ventures LLP a 166724 Ta 100 2.4 Terms/ Right tsches ¥ Equity Shares: The Company has issued any an clas of Equity share, having a par value of Rs. 10/-per share. Each holder gut Share is nie o one vote pe share with declared bythe Company, No Dividend declre by the company daring the year ‘Terns Rights attached o Preference Shares: The Company has issued compulsorily convertible preference shares, having 8 par value of RS. 10 per share ts prema of Rs 1085 pee share: The tenure of he preference shares 20 yes frm the date of issue and carry 001% dividen. (culate) on the fice vlue. The preference shares shall rank pi pss with ‘equiy shares onan "asf envertd basis" weal share ative incling but ot limited to ving rights, dividend his saad bons shares ight receive po share dividend ‘Within he tenure the preferance shares are convertible nto equity shares atthe opio ofthe holder at 1. The eitement ‘wo conversion is upoa (x) Hex ound of funding (b) cocunes of liquidation even ()anyine atthe option ofthe holder shia tn frome vt Teeth the temacr whichever center arceldiny of omer ares el by promoters a he end OT the year ast ea Mach OT Name ofthe Promoter Na of Shares NootShares | _ shares 1 |Nesna Praveen Kasra Ta Es 2}Rasha Vikas Koha = a 3 fav Pravin Kabra. a = [Anois Kabra 15007 = =Kabra Global Products Private Limited Notes to Financial statements as at March 31, 2022 (All amounts are rounded off to Rs. Thousands except as otherwise stated) 3. Reserves & Surplus Particulars ‘As at March 31,2022 As at March 31,2021 Share Premium Opening Balance - Additions 17,185.51 : Closing Balance SS Surplus/(Deficit) in statement of Profit and Loss Balance as per Last Financial Statements (782.88) = Profit(Loss) for the Year 0 (782.88) Net surplus/(Deficit) in the statement of profit and loss 52 (782.88) 1315.03 1782.88) 4° Deferred Tax Liability Particulars ‘AS at March 31,2022 As at March 31,2021 Opening Balance a ‘Add: For the Year (5.15) (On Fixed Assets On Other Disallowance ————SS—ee 5 Long Term Provisions Particulars ‘As at March 31,2022 As at March 31,2021 Provision for Gratuity 385.06 “ 355.06 6 Long Term borrowing Particulars ‘As at March 31,2022 As at Mareh 31,2021 Unsecured loan -Director Rashmi kothari 500.00 500.00 Veena Kabra 300.24 1,619.12 Ravi Rabra 0.00 186.35 Unsecured loan - Others Prabavathi Kabra 200.00 1,000.24 2,305.47 7 Short Term Borrowings As at March 31,2022 As at March 31,2021 Bank OD A/e Bank OD A/c - 2,013.74 = 2013.74Kabra Global Products Private Limited Notes to ancial statements as at March 31,2022 (All amounts are rounded off to Rs. Thousands except as otherwise sated) 8 Trade Payables Particulars ‘As at March 31,2022 As at March 31,2021 ‘Total outstanding dues of miro enterprises and small, enterprises Total outstanding dues of creditors other than mira enterprises and small enterprises 8 4704.87 81.70 87 a7 Please refer note no 25 and 26 for Ageing schedule of Trade Payables 9 Other Current Liabilities Partieutars Asai March 312022 Asai March 312021 Expenses reimbursable to direcior 469.51 "TDS Payable 285.04 : GST Payable 1689.81 Profession Tax Payable 15.80 Z Avait Fee Payable z ij Provision for Bonus 3 i Other Liabilities 3 ‘Refundable Secuirty Deposit (Irom Customers) Salary Payable = ‘Advance From Customers Emplover PF Pavable Employee PE Pavaible :mplovee Payable > Employer Payable 10. Short Term Provisions 5408.16 2 186.06 3 W178 2 $39 a 3730 2.17 Particulars Provision for income Tax Provision for Gratity( Wit in 1 Year) 12. Deferred Tax Asset Asai Mareh 312023 As at Mareh 31.2021 3858 oat . = Particulars ‘Asai March 312022 As at March 31,2021 Opening Balance (as.isy Add: For the Year ‘On Fixed Assets 934) - On Employee Benefits 59.34 ass = 13. Other Non Current Assets Pariiealars Security Deposits ‘Asai March 312022 Asai March 31,2021 396.00 375.00 —Computer Hanae “ie Fi (Gras Boek an 458 798 7 sao Partulars Marchi, 2022 6 sank ie ‘6 ‘Grad Toa Tas 3 [estos TeKabra Global Products Private Limited Notes to Fina: statements as at March 31,2022 {Allamounts are rounded off to Rs. Thousands except as otherwise state) 14 Closing Stock Particulars ‘Asai Mareh 312022 Asat Mareh 312021 (Closing Stock 5,368.93 320.10 18 Trade Receivables Particulars ‘AvaiMareh 31.2002 Ava Mareh 312027 Outstanding for less than sic months, unsecured, considered 6,167.78 1375.05 LL 15.1 Please refer note no 27 and 28 for Ageing schedule of Trade Receivables 16 Cash & Cash Equivalents Particulars ‘Cash in hand Balance with Banks in Current Account LHDFC -887103 Exp A/c DFC BANK Koutk Bank Kotak Mahindra Bank Current d/e Kotak Mahindra Bank Current A/e-1843053244 Ravi Pravin Kabra SBIMe in Fixed Deposi 17 Short Term Loans and Advances ‘Asai March 31,2022 Asai March 31.2007 138 90.00 2.00 3 10,501.28 2182.77 3 1502.63, = 13.09 Pariculars ‘Other loans and advances Unsecured, considered doubtful ‘Advance paid to Vendors Unsecured, considered good Advance Tax ‘Advance Paid to Vendors 18. Other Current Ascets ‘Asat March 31,2022 Asat March 31,2021 linge 3,817.09 - Parieulare Prepaid Insurance GST Input Credit TCS Reosivable Pre Operating Expenses Employee Advances PE Contribution Receivable from Employees ‘Agat March 312022 _Agat March 312021 272.11 283.24 0.62 : 280.24 280.24 17.40 : v7Kabra Global Products Private Limited ‘Notes to Financial statements forthe year ended March 31,2022 (All amounts are rounded off to Rs. Thousands except as otherwise tated) 19 Revenue from Operations Particsiard, For theyear ended For the year ended Sales of lee Pops Previous Year Trading in Paper Boat 24,492.74 331.76 Exports (Curent Year: Manufactured Sales oF Fee Pops Previous Year: Trading in Paper Boat 631.67 1.37503 Zia (I06AL 20, Other Incomes aie Tor the year ended For the year ended Mare 31,2022 Marsh 31.2021 21 Cost of Material ni ——————— Opening Stock 320,10 5 Raw Material > Work In Progress - Finished Goods 320.10 ‘Add: Net Purchases During the Year 8,646.75 1,608.74 ‘Raw Material 8646.75 Work In Progress - - Finished Goods - 1,608.74 Less: Closing Stock 320.10 Raw Material = ‘Work fn Proaress Finished Goods 320.10 (2BRGE 22 Employee Benefit Expenses Palmar For ihe year ended For the year ended Mare 31,2022 Mareh 31,2021 Employee Benelit Expenses = Salaries 5,952.95 266.00 = Sales Incentives Payable 30.35 - = PE Employer Contribution 186.06 - Gratuity 355.50 - Stall Welfare 48.62 GOAT 23 Finance Cost For the year ended For the year ended Particnars March 31,2022 March 31,2021 da re Tank Charges Interest - OD 169 - Joterest = Income Tax 42.99, 56.0324 Other Expenses For the year ended For the year ended Particulars March 31,2022 March 31.2021 Forex Low 26.19 . Audit Fee _ 5 ~ Statutory Audit Fee 230,00 A ~ For Taxation = e 1525.28 39.36 785.50 100.00 17398 50.91 3 0.19 5 Interest on TDS. = : Termes 1170 : Labour Weltare Fund : : Retail SKU Listing Charges 1,406.64 2 ‘Advertiseren 1180.66 : ‘Business Promotion Charges 10si.7s : Commision Charses 371.19 = Computers Accessories & Maintsinance 33 > Convevance 173.00 £ Consalkaney Fee 35.99 $ Desizining & Packaging Charges - 35535 Electricity Chanses & Expenses 448.43 : Freight Charves-Outward 341331 . Freight Charges-Inward 6502 21250 Fulfillod By Amazon Weisht Harling Ship 322.04 e GST Fees : 10.86 MSME Registration Charnes 3.00 Plant Expenses 338.77 - Packiny: Material 1192 : Courier Charzes 873 - Printing & Stationary 106.31 ona Rexistraton Charges 10.00 - ‘Repairs and Mainainance - 4838 Retainer Fees 500.82 : Recruitment Expenses 13.02 - Round Of 003, Unadsted Forex Gain/Loss - - Subscription Charges 367.55 838 Sponsorship Charges 300.00 3 Travelling Expenses 10721 : Telephone Exp Mobile 22.99 > Office Maintenance 199.92 3554 Other Expenses 2.49) 94.70, 1381.00 7,006.49[itunes rnd He Twn arp UP and eee here sated) ‘Negcd even mnie a cay sect fbr ond Sed EPS “ah "oo Enns She) ras sa Simaiieafdeaaean —iieo__“iaer ‘Butte ose Deine Contin Pe Tie Coy mates oni arin pid en ene acs ryt a ins ‘epycoendn pen nuendo The opat ho anor tr rapier Te Svcs curt tees tip scab Aer enn a xs aan | ‘rn he Coa ina bert pay pl. lps gh i ry oo tm of nen scone wt Feat fe ie 1972 Hy one ta co tt es ie es ami mi So ‘ifr one ape yo sa The Copy ee pono oY aby ete ged etm por ‘ate yan pny Th ne fr The lowmy ton nnerse he ong heb capes angel = te md A, id ii el elie dt ‘Gis bene Hee Oeaton ce} Reosstnevetsoaasimcaiig 2Kabra Catal Products Prose Lined Nolet Finn state forthe Yar coded Mave 312022 ‘Dati fies Ww, Sais Medion Faeries 3 dei onder te co, Soni edi ater Deva NG 3106 Forihe yar ended Forde year eded Fic aioe ew pas eRe waar the SMED Ac nd rename np a eo Incest due to spies ited ander the MSMED Acton etn pd as yor en spin etl under the NMED Ae yond ‘eon ey ding the eur Incest dae and pati toward spin eprednder MSMIED At fr the peel of tut bpd th ope dy ag the en) Ba Farber tes min da noble J s Note: Thr ae 0 Mio an Sl Emi © whom the Company ones ds which we cust fon pest of me han 5 days The aman ‘using a the yearend us ee pi ni #8 tay ofthe de de. Tein a eq be dined ude he Mie, Sal 3d Hiv strpos Deselopet Act 200 bu te emda Sc pres hte bv sec he bass emaion salable wih ‘he Company The en meres pi or pie re the pos se fe ee 2 Yen = [raat aves 2 ‘Tho mm enn ae fr wich de ent cd Tae Resales eae atoning rls pees For ar ao sym Taian Diswal Talat Disa] iver £ 3 i [raat Lem z : 1 The Company dose a eld ary Imo opis dite ui yar i The Company i ot ois propery, plat and pipet darn te el er ‘i The Company i gat an eso wanes eros, tt, KP a the elated panes dig the anc eto suchas ace ‘ening he yea end om tpn 18 The Cosy i othe any Capa work propes ring the yar {The Company i ohne ny tangles we developmen te year No proccess itn ending sist te Company orld my ears ope end he om Tactom (on) Act 5K din te eer ‘i. Bek ved wth Ki Maines akc by ie me te Company wa il mpi an hms din the Gc yee ‘i The Company iat ete asa wil dle any bank oan ttn of oben ing he yar ‘Tue Company it ving sy tncson vith comp thc of der sto 248 ofthe Comps At, 213 ring the yor {Thee en caso sation of cas ate ob regseed wh be Regn of Compan diy he yer 1 The Company int ating company and hei, he compe with mabe flyers a plete Company ‘3 Forman Rai oft Cotas* — % — Se 1 Paap earner pele Cogan Aa a ie Cong mgs