Notes to Accounts of Transglobe Foods Ltd.

Mar 31, 2025

g. Provisions

Recognised when the Company has a present obligation as a result of a past event, it is probable that an outflow
of resources will be required to settle the obligation, and a reliable estimate can be made.

h. Earnings per Share (EPS)

- Basic EPS: Net profit attributable to equity shareholders divided by the weighted average number of equity shares
outstanding.

- Diluted EPS: Adjusted for the effects of all dilutive potential equity shares.

i. Rounding Off

Amounts in the financial statements are presented in Indian Rupees (INR), rounded off to the nearest lakh, as
required by Schedule III of the Act, unless stated otherwise.

j. Cash Flow Statement

Prepared under the indirect method, classifying cash flows into operating, investing, and financing activities.

k. Fair Value Measurement

Valuation techniques are applied where market prices are not available, using observable inputs as far as possible.
Assumptions reflect market participants’ perspectives at the measurement date.

l. Derecognition of Financial Instruments

- Assets: Derecognised when contractual rights to cash flows expire or are transferred and the transfer qualifies
for derecognition.

- Liabilities: Derecognised when the obligation is discharged, cancelled, or expires.

m. Recent Pronouncements

The Ministry of Corporate Affairs (MCA) has amended the Companies (Ind AS) Rules, 2023, effective 1st April
2023, including changes to Ind AS 103, 16, 37, 109, and 116. These amendments are not applicable to the Company
and have no impact on its financial statements.

Critical Accounting Judgements and Key Estimates

The preparation of financial statements requires judgements, estimates, and assumptions that affect reported
amounts of revenues, expenses, assets, and liabilities. Actual results may differ. Key areas include:

- Recognition of deferred tax assets (based on future taxable profits).

- Recognition and measurement of provisions and contingencies.

(ii) Terms/ right attached to Equity Shares

The Company has Only one Class of equity shares having par value of Rs.10 per Shares. Each holder of Equity Shares is Entitled to one vote per share. In the event of liquidation of the
company, the holders of equity share will be entitled to receive remaning assets of the Company, after distribution of all preferential amount. The distribution will be in proportion to the
number of equity shares held by the shareholders.

*Disclosure in relation to Micro and Small enterprises ''Suppliers'' as defined in the Micro, Small and Medium Enterprises Development Act, 2006 (''Act'').

The Ministry of Micro, Small and Medium Enterprises has issued an Office Memorandum dated 26 August 2008 which recommends that the Micro and Small Enterprises should mention
in their correspondence with their customers the Entrepreneurs Memorandum Number as allocated after filing of the said Memorandum. Accordingly, the disclosures above in respect of
the amounts payable to such enterprises as at the period end has been made based on information received and available with the Company. As explained by management there is no
outstanding balance related to Micro and Small enterprises ''Suppliers'' as defined in the Micro, Small and Medium Enterprises Development Act, 2006 (''Act'') as at year end.

Note 22: Earnings per share (EPS)

Basic EPS amounts are calculated by dividing the profit for the year attributable to equity holders of the company by the weighted average number of Equity shares
outstanding during the year.

Diluted EPS amounts are calculated by dividing the profit attributable to equity holders of the company by the weighted average number of Equity shares
outstanding during the year plus the weighted average number of Equity shares that would be issued on conversion of all the dilutive potential Equity shares into
Equity shares.

Note 23

Some of the balances of current trade receivables, current borrowings and current trade payables are subject to confirmation and reconciliation of any.

Note 24: Segment Reporting

Since the company operates in single segment, Segment Reporting is not applicable to the company.

Note 25: Transactions with Struck Off Companies

During the year, the Company has no transactions with struck off company.

Note 26: Information about Major Customers

The company had 100% of the income from operation for the year ended 31st March 2025 was from single customer.

Note 27

Figures for previous periods have been regrouped / reclassified wherever considered necessasry.

As per our report of even date

For Bilimoria Mehta & Co. For and on behalf of the Board

Chartered Accountants TRANSGLOBE FOODS LIMITED

Firm Reg. No: 101490W

Prakash Mehta Prabhakar Khakhar Hiren Makwana Deepak Vyas

Partner Director Director Company Secreta

Membership No: 030382
Place: Mumbai
Date: 15 May 2025
UDIN: 25030382BMIIIV4758

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Mar 31, 2024

g. Provisions

Provisions are recognized when the Company has a present obligation (legal or constructive) as a
result of a past event, it is probable that an outflow of economic benefits will be required to settle the
obligation and a reliable estimate can be made of the amount of the obligation.

h. Earnings per share

The basic earnings per share is computed by dividing the net profit for the period attributable to
equity shareholders by the weighted average number of equity shares outstanding during the period.
The number of shares used in computing diluted earnings per share comprises the weighted average
shares considered for deriving basic earnings per share and also the weighted average number of
equity shares which would have been issued on the conversion of all dilutive potential equity shares.
Dilutive potential equity shares are deemed converted as of the beginning of the period unless they
have been issued at a later date.

i. Rounding of amounts

The Financial Statements have been presented in Indian Rupees (INR), which is the Company''s
functional currency. All financial information presented in INR has been rounded off to nearest lakhs
as per the requirement of Schedule III, unless otherwise stated.

j. Cash flow statement

Cash flows are reported using the indirect method, whereby profit for the period is adjusted for the
effects of transactions of non-cash nature, any deferrals or accruals of past or future operating cash
receipts or payments and item of income or expenses associated with investing or financing cash
flows. The cash flows from operating, investing and financing activities of the Company are
segregated

k. Fair value measurement

Management uses valuation techniques to determine the fair value of financial instruments (where
active market quotes are not available). This involves developing estimates and assumptions
consistent with how market participants would price the instrument. Management bases its
assumptions on observable data as far as possible but this is not always available. In that case
management uses the best information available. Estimated fair values may vary from the actual
prices that would be achieved in an arm''s length transaction at the reporting date.

l. Derecognition of Financial Instruments

Company derecognises a financial asset when the contractual rights to cash flows from financial asset
expire or it transfers to financial asset and transfer qualifies for derecognition under IND AS 109. A
financial liability (or part of it) is derecognised from balance sheet when obligiation specified in
contract is discharged or cancelled or expires.

m. Recent pronouncements

Ministry of Corporate Affairs ("MCA") notifies new standard or amendments to the existing
standards under Companies (Indian Accounting Standards) Rules as issued from time to time. On
March 23, 2023, MCA amended the Companies (Indian Accounting Standards) Amendment Rules,
2023, applicable from April 1, 2023, as below Ind AS 103 - Reference to Conceptual Framework
Ind AS 16 - Proceeds before intended use

Ind AS 37 - Onerous Contracts - Costs of Fulfilling a Contract Ind AS 109 - Annual Improvements to
Ind AS (2021)

Ind AS 116 - Annual Improvements to Ind AS (2021)

Above amendments are not applicable to the company and accordingly there will be no consequent
impact on company''s financials.

CRITICAL ACCOUNTING JUDGEMENTS AND KEY SOURCES OF ESTIMATION
UNCERTAINTY

The preparation of the Company''s financial statements requires management to make judgment,
estimates and assumptions that affect the reported amount of revenue, expenses, assets and liabilities
and the accompanying disclosures.

Accounting estimates could change from period to period. Actual results could differ from those
estimates. Appropriate changes in estimates are made as and when management becomes aware of
changes and circumstances surrounding the estimates. Changes in the estimates are reflected in the
financial statements in the period in which changes are made and, if material, their effects are
disclosed in the notes to financial statements.

Application of accounting policies that require critical accounting estimates involving complex and
subjective judgments and the use of assumptions in these financial statements have been disclosed
below:

> Recognition of deferred tax asset: availability of future taxable profit

> Recognition and measurements of provision and contingencies: key assumption of the
livelihood and magnitude of an outflow of resources.

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Mar 31, 2015

A) None of the Earning/Expenditures is in Foreign Currency.

b) Balance of Debtors, Loans and Advances are subject to confirmation and reconciliation.

c) In the opinion of the Board, the Current Assets, Loans & Advances are approximately of the value stated if realized in the ordinary course of business. The provision for depreciation and all known liabilities are adequate and not in excess of the amounts reasonably necessary.

d) Previous years figures have been regrouped, rearranged wherever necessary to make them comparable with those of current year.

e) In the opinion of the management and to the best of their knowledge and belief the value under the head of the current assets and non current assets are approximately of the value stated, if realized in ordinary course of the business, except unless stated otherwise. The provision for all the known liabilities is adequate and not in excess of amount considered reasonably necessary.

f) There are no dues to SSI Units outstanding for more than 30 days.

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Mar 31, 2014

Not Available.