Annual Report 2025 - 2026

Dear Sir / Madam,

Pursuant to Regulation 34(1)(a) of S.E.B.I (L.O.D.R) Regulations, 2015 (as amended), we are submitting herewith the 37th Annual Report & Share Holder Notice of the Company along with the Notice convening the Annual General Meeting (A.G.M) of the Company to be held on Thursday, 24th September, 2026 at 10:00 A.M. through Video Conferencing ("V.C") / Other audio-visual means ("O.A.V.M").

Kindly acknowledge the receipt of this letter with due compliance of S.E.B.I (L.O.D.R) Regulations, 2015.

For, GoldCoin Health Foods Limited

Notice

Notice is hereby given that the 37th Annual General Meeting of the Members of Goldcoin Health Foods Limited will be held on Thursday, 24th September, 2026 at 10:00 am through Video Conferencing ("V.C") / Other Audio-Visual Means ("O.A.V.M") to transact the following business:

Ordinary Business

1. To receive, consider and adopt Audited Balance Sheet as at 31st March, 2026 and Profit and Loss Account for the year ended on that date and the Reports of the Board of Directors and Auditors.

2. To appoint a director in place of Mrs. Pravinaben Gohil (D.I.N 0009279658) who retires by rotation and being eligible offers herself for reappointment.

Special Business

3. Regularisation of Additional Independent Director Mr. Soham Ashokkumar Solanki (D.I.N: 11818073) by appointing him as an Independent Director of the Company:

To consider appointment of Mr. Soham Ashokkumar Solanki (D.I.N: 11818073) as Independent Director and if thought fit, to pass with or without modifications, the following resolution as Ordinary Resolution:

"Resolved that pursuant to provision of Section 149,150,152 read with Schedule 4 to the Companies Act, 2013, and all other applicable provisions of the Companies Act, 2013 and the Companies (Appointment and Qualification of Directors) Rules, 2014 (including any statutory modification(s) or re-enactment thereof for the time being in force) and Regulation 17 and any other applicable provisions of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("S.E.B.I Listing Regulations"), as amended from time to time, Mr. Soham Ashok Kumar Solanki (D.I.N: 11818073) who was appointed as an Additional Independent Director of the Company with effect from July 16, 2026 and who holds office up to the date of this Annual General Meeting and in respect of whom the Company has received declaration that he meets the criteria for independence as provided in Section 149(6) of the Act and who is eligible for appointment, be and hereby appointed as an Independent Director of the Company to hold office for five (5) consecutive years."

4. Regularisation of Additional Independent Director Mr. Umang Ashwinbhai Shah (D.I.N: 09735002) by appointing him as an Independent Director of the Company:

To consider appointment of Mr. Umang Ashwinbhai Shah (D.I.N: 09735002) as Independent Director and if thought fit, to pass with or without modifications, the following resolution as Ordinary Resolution:

"Resolved that pursuant to provision of Section 149,150,152 read with Schedule 4 to the Companies Act, 2013, and all other applicable provisions of the Companies Act, 2013 and the Companies (Appointment and Qualification of Directors) Rules, 2014 (including any statutory modification(s) or re-enactment thereof for the time being in force) and Regulation 17 and any other applicable provisions of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("S.E.B.I Listing Regulations"), as amended from time to time, Mr. U. Amang Ashwinbhai Shah (D.I.N: 09735002) who was appointed as an Additional Independent Director of the Company with effect from July 16, 2026 and who holds office up to the date of this Annual General Meeting and in respect of whom the Company has received declaration that he meets the criteria for independence as provided in Section 149(6) of the Act and who is eligible for appointment, be and hereby appointed as an Independent Director of the Company to hold office for five (5) consecutive years."

Date : 16 ^{th} July, 2026

Place : Ahmedabad

Notes:

1. In view of the massive outbreak of the COVID-19 pandemic, social distancing is a norm to be followed and pursuant to the Circular No. 14/2020 dated April 08, 2020, Circular No. 17/2020 dated April 13, 2020 issued by the Ministry of Corporate Affairs followed by Circular No. 20/2020 dated May 05, 2020 and Circular No. 02/2021 dated January 13, 2021 and all other relevant circulars issued from time to time, physical attendance of the Members to the E.G.M/A.G.M venue is not required and general meeting be held through video conferencing (V.C) or other audio visual means (O.A.V.M). Hence, Members can attend and participate in the ensuring E.G.M/A.G.M through V.C/O.A.V.M.

2. Pursuant to the Circular No. 14/2020 dated April 08, 2020, issued by the Ministry of Corporate Affairs, the facility to appoint proxy to attend and cast vote for the members is not available for this E.G.M/A.G.M. However, the Body Corporates are entitled to appoint authorised representatives to attend the E.G.M/A.G.M through V.C/O.A.V.M and participate there at and cast their votes through e-voting.

3. The Members can join the E.G.M/A.G.M in the V.C/O.A.V.M mode 15 minutes before and after the scheduled time of the commencement of the Meeting by following the procedure mentioned in the Notice. The facility of participation at the E.G.M/A.G.M through V.C/O.A.V.M will be made available for 1000 members on first come first served basis. This will not include large Shareholders (Shareholders holding 2% or more shareholding), Promoters, Institutional Investors, Directors, Key Managerial Personnel, the Chairpersons of the Audit Committee, Nomination and Remuneration Committee and Stakeholders Relationship Committee, Auditors etcetera who are allowed to attend the E.G.M/A.G.M without restriction on account of first come first served basis.

4. The attendance of the Members attending the E.G.M/A.G.M through V.C/O.A.V.M will be counted for the purpose of reckoning the quorum under Section 103 of the Companies Act, 2013.

2. pursuant to the provisions of Section 108 of the Companies Act, 2013 read with Rule 20 of the Companies (Management and Administration) Rules, 2014 (as amended) and Regulation 44 of S.E.B.I (Listing Obligations & Disclosure Requirements) Regulations 2015 (as amended), and the Circulars issued by the Ministry of Corporate Affairs dated April 08, 2020, April 13, 2020 and May 05, 2020 the Company is providing facility of remote e-Voting to its Members in respect of the business to be transacted at the E.G.M/A.G.M. For this purpose, the Company has entered into an agreement with National Securities Depository Limited (N.S.D.L) for facilitating voting through electronic means, as the authorized agency. The facility of casting votes by a member using remote e-Voting system as well as venue voting on the date of the E.G.M/A.G.M will be provided by N.S.D.L.

6. In line with the Ministry of Corporate Affairs (M.C.A) Circular No. 17/2020 dated April 13, 2020, the Notice calling the E.G.M/A.G.M has been uploaded on the website of the Company at goldcoinhealthfoods.in. The Notice can also be accessed from the websites of the Stock Exchanges that is B.S.E Limited and National Stock Exchange of India Limited at bseindia dot com and nseindia dot com respectively and the E.G.M/A.G.M Notice is also available on the website of N.S.D.L (agency for providing the Remote e-Voting facility) that is evoting dot nsdl dot com.

7. E.G.M/A.G.M has been convened through V.C/O.A.V.M in compliance with applicable provisions of the Companies Act, 2013 read with M.C.A Circular No. 14/2020 dated April 08, 2020 and M.C.A Circular No. 17/2020 dated April 13, 2020, M.C.A Circular No. 20/2020 dated May 05, 2020 and M.C.A Circular No. 2/2021 dated January 13, 2021.

The Instructions for Members for Remote E-Voting and Joining General Meeting are as Under:

The remote e-voting period begins on 21st September, 2026 at 09:00 A.M. and ends on 23rd September, 2026 at 05:00 P.M. The remote e-voting module shall be disabled by N.S.D.L for voting thereafter. The Members, whose names appear in the Register of Members / Beneficial Owners as on the record date (cut-off date) that is 19th September, 2026, may cast their vote electronically. The voting right of shareholders shall be in proportion to their share in the paid-up equity share capital of the Company as on the cut-off date, being 19th September, 2026.

How do I vote electronically using N.S.D.L e-Voting system?

The way to vote electronically on N.S.D.L e-Voting system consists of “Two Steps” which are mentioned below:

Step 1: Access to N.S.D.L e-Voting system

A) Login method for e-Voting and joining virtual meeting for Individual shareholders holding securities in demat mode

In terms of S.E.B.I circular dated December 9, 2020 on e-Voting facility provided by Listed Companies, Individual shareholders holding securities in demat mode are allowed to vote through their demat account maintained with Depositories and Depository Participants. Shareholders are advised to update their mobile number and email Id in their demat accounts in order to access e-Voting facility.

Login method for Individual shareholders holding securities in demat mode is given below:

Login methods for individual shareholders holding securities in demat mode are divided by depository. For those with NSDL, users can log in via the IDEAS e-Services website using existing credentials, register for the portal if they are not yet users, visit the NSDL e-Voting website using their sixteen digit demat account number and a password or OTP, or use the NSDL Speede mobile app. For those with CDSL, users can log in through the Easi or Easiest facility via the CDSL website, register for those facilities if needed, or access the e-Voting page directly using their Demat Account Number and PAN with OTP authentication.

Table summary: Individual Shareholders holding securities in demat mode can access e-Voting by logging into their depository participant registered with NSDL or CDSL. After authenticating with their demat account credentials, users select the e-Voting option to be redirected to the depository site, and then select the company name or NSDL to reach the e-Voting website for casting votes during the remote period or participating in a virtual meeting.

Important note: Members who are unable to retrieve User I.D/Password are advised to use Forget User I.D and Forget Password option available at abovementioned website.

Helpdesk for Individual Shareholders holding securities in demat mode for any technical issues related to login through Depository that is N.S.D.L and C.D.S.L.

: Table summary: Helpdesk contact information for individual shareholders holding securities in demat mode. For NSDL, members can email evoting@nsdl.co.in or call 022-4886 7000 and 022-2499 7000. For CDSL, members can email helpdesk.evoting@cdslindia.com or use the toll free number 1800 22 55 33.

B) Login Method for e-Voting and joining virtual meeting for shareholders other than Individual shareholders holding securities in demat mode and shareholders holding securities in physical mode.

How to Log-in to N.S.D.L e-Voting Website?

Visit the e-Voting website of N.S.D.L. Open web browser by typing the following U.R.L: evoting dot nsdl dot com either on a Personal Computer or on a mobile.

2. Once the home page of e-Voting system is launched, click on the icon "Login" which is available under 'Shareholder/Member' section.

3. A new screen will open. You will have to enter your User I.D, your Password/O.T.P and a Verification Code as shown on the screen.

Alternatively, if you are registered for N.S.D.L eservices that is Ideas, you can log-in at eservices dot nsdl dot com with your existing Ideas login. Once you log-in to N.S.D.L eservices after using your log-in credentials, click on e-Voting and you can proceed to Step 2 that is Cast your vote electronically.

4. Your User I.D details are given below:

: Table summary: User ID formats based on how shares are held. For those with NSDL demat accounts, the user ID is an 8 character DP ID combined with an 8 digit Client ID. For CDSL demat accounts, it is the 16 digit Beneficiary ID. For shares held in physical form, the user ID consists of the EVEN number followed by the registered Folio Number.

b) If you are using N.S.D.L e-Voting system for the first time, you will need to retrieve the 'initial password' which was communicated to you. Once you retrieve your 'initial password', you need to enter the 'initial password' and the system will force you to change your password.

(i) If your email I.D is registered in your demat account or with the company, your 'initial password' is communicated to you on your email I.D. Trace the email sent to you from N.S.D.L from your mailbox. Open the email and open the attachment that is a dot pdf file. Open the dot pdf file.

The password to open the dot pdf file is your 8 digit client I.D for N.S.D.L account, last 8 digits of client I.D for C.D.S.L account or folio number for shares held in physical form. The dot pdf file contains your 'User I.D' and your 'initial password'.

(2) If your email I.D is not registered, please follow steps mentioned below in process for those shareholders whose email ids are not registered are unable to retrieve or have not received the "Initial password" or have forgotten your password:

a) Click on "Forgot User Details/Password?" (If you are holding shares in your demat account with N.S.D.L or C.D.S.L) option available on evoting dot nsdl dot com.

b) Physical User Reset Password?" (If you are holding shares in physical mode) option available on evoting dot nsdl dot com.

c) If you are still unable to get the password by aforesaid two options, you can send a request at evoting@nsdl.co.in mentioning your demat account number/folio number, your P.A.N, your name and your registered address etcetera

a) Members can also use the O.T.P (One Time Password) based login for casting the votes on the e-Voting system of N.S.D.L.

After entering your password, tick on Agree to "Terms and Conditions" by selecting on the check box.

8. Now, you will have to click on "Login" button.

9. After you click on the "Login" button, Home page of e-Voting will open.

Step 2: Cast your vote electronically and join General Meeting on N.S.D.L e-Voting system.

5. Password details for shareholders other than Individual shareholders are given below:

a) If you are already registered for e-Voting, then you can use your existing password to login and cast your vote.

c) How to retrieve your 'initial password'?

How to Cast Your Vote Electronically and Join General Meeting on N.S.D.L e-Voting System?

1. After successful login at Step 1, you will be able to see all the companies "even 141407" in which you are holding shares and whose voting cycle and General Meeting is in active status.

2. Select “even 141407” of company for which you wish to cast your vote during the remote e-Voting period and casting your vote during the General Meeting. For joining virtual meeting, you need to click on “V.C/O.A.V.M” link placed under “Join Meeting”.

3. Now you are ready for e-Voting as the Voting page opens.

4. Cast your vote by selecting appropriate options that is assent or dissent, verify/modify the number of shares for which you wish to cast your vote and click on “Submit” and also “Confirm” when prompted.

5. Upon confirmation, the message “Vote cast successfully” will be displayed.

6. You can also take the printout of the votes cast by you by clicking on the print option on the confirmation page.

7. Once you confirm your vote on the resolution, you will not be allowed to modify your vote.

General Guidelines for shareholders

1. Institutional shareholders (that is other than individuals, H.U.F, N.R.I etcetera) are required to send scanned copy (P.D.F/J.P.G Format) of the relevant Board Resolution/Authority letter etcetera with attested specimen signature of the duly authorized signatory(ies) who are authorized to vote, to the Scrutinizer by e-mail to csvishalmehta dot 1985@gmail dot com with a copy marked to evoting@nsdl.co.in Institutional shareholders (that is other than individuals, H.U.F, N.R.I etcetera) can also upload their Board Resolution/ Power of Attorney/ Authority Letter etcetera by clicking on "Upload Board Resolution/ Authority Letter" displayed under "e-Voting" tab in their login.

2. It is strongly recommended not to share your password with any other person and take utmost care to keep your password confidential. Login to the e-voting website will be disabled upon five unsuccessful attempts to key in the correct password. In such an event, you will need to go through the "Forgot User Details/Password?" or "Physical User Reset Password?" option available on evoting dot nsdl dot com to reset the password.

3. In case of any queries, you may refer the Frequently Asked Questions (F.A.Q's) for Shareholders and e-voting user manual for Shareholders available at the download section of evoting dot nsdl dot com or call on.: 022 - 4886 7000 and 022 - 2499 7000 or send a request to (Name of N.S.D.L Official) at evoting@nsdl.co.in

Process for those shareholders whose email ids are not registered with the depositories for procuring user id and password and registration of e-mail ids for e-voting for the resolutions set out in this notice:

1. In case shares are held in physical mode please provide Folio No., Name of shareholder, scanned copy of the share certificate (front and back), P.A.N (self attested scanned copy of P.A.N card), Aadhar (self attested scanned copy of Aadhar Card) by email to (Company email id).

2. In case shares are held in demat mode, please provide D.P.I.D-C.L.I.D (16 digit D.P.I.D + C.L.I.D or 16 digit beneficiary I.D), Name, client master or copy of Consolidated Account statement, P.A.N (self-attested scanned copy of P.A.N card), Aadhar (self-attested scanned copy of Aadhar Card) to (Company email id). If you are an Individual shareholders holding securities in demat mode, you are requested to refer to the login method explained at step 1 (A) that is {Login} method for e-Voting and joining virtual meeting for Individual shareholders holding securities in demat mode.

3. Alternatively shareholder/members may send a request to evoting@nsdl.co.in for procuring user id and password for e-voting by providing above mentioned documents.

4. In terms of S.E.B.I circular dated December 9, 2020 on e-Voting facility provided by Listed Companies, Individual shareholders holding securities in deta mode are allowed to vote through their deta account maintained with Depositories and Depository Participants. Shareholders are required to update their mobile number and email I.D correctly in their deta account in order to access e-Voting facility.

The Instructions for Members for e-Voting on the Day of the E.G.M/A.G.M are as Under:-

1. The procedure for e-Voting on the day of the E.G.M/A.G.M is same as the instructions mentioned above for remote e-voting.

2. Only those Members/ shareholders, who will be present in the E.G.M/A.G.M through V.C/O.A.V.M facility and have not casted their vote on the Resolutions through remote e-Voting and are otherwise not barred from doing so, shall be eligible to vote through e-Voting system in the E.G.M/A.G.M.

3. Members who have voted through Remote e-Voting will be eligible to attend the E.G.M/A.G.M. However, they will not be eligible to vote at the E.G.M/A.G.M.

4. The details of the person who may be contacted for any grievances connected with the facility for e-Voting on the day of the E.G.M/A.G.M shall be the same person mentioned for Remote e-voting.

Instructions for Members for Attending the E.G.M/A.G.M Through

V.C/O.A.V.M are as under:

Member will be provided with a facility to attend the E.G.M/A.G.M through V.C/O.A.V.M through the N.S.D.L e-Voting system. Members may access by following the steps mentioned above for Access to N.S.D.L e-Voting system. After successful login, you can see link of "V.C/O.A.V.M" placed under "Join meeting" menu against company name. You are requested to click on V.C/O.A.V.M link placed under Join Meeting menu. The link for V.C/O.A.V.M will be available in Shareholder/Member login where the even of Company will be displayed. Please note that the members who do not have the User I.D and Password for e-Voting or have forgotten the User I.D and Password may retrieve the same by following the remote e-Voting instructions mentioned in the notice to avoid last minute rush.

2. Members are encouraged to join the Meeting through Laptops for better experience.

3. Further Members will be required to allow Camera and use Internet with a good speed to avoid any disturbance during the meeting.

4. Please note that Participants Connecting from Mobile Devices or Tablets or through Laptop connecting via Mobile Hotspot may experience Audio/Video loss due to Elustion in their respective network. It is therefore recommended to use Stoble Wi Fi or L.A.N Connection to mitigate any kind of of erasoid glitches.

uu to ructuation in their respective network. It is therefore recommended to use Stable Wi-Fi or L.A.N Connection to mitigate any kind of aforesaid glitches.

5. Shareholders who would like to express their views/have questions may send their questions in advance mentioning their name demat account number/folio number, email id, mobile number or (company name)id. The same will be realized by the company, suitably

number, email id, mobile number at (company email id). The same will be replied by the company suitably.

6. Registration of Speaker related point needs to be added by company.

Item No. 03: Regularisation of Additional Independent Director Mr. Soham Ashokkumar Solanki (D.I.N: 11818073) by appointing him as an Independent Director of the Company:

Pursuant to the provisions of Section 149, 150, 152 read with Schedule 4 to the Companies Act, 2013, and all other applicable provisions of the Companies Act, 2013 and the Companies (Appointment and Qualification of Directors) Rules, 2014 (including any statutory modification(s) or re-enactment thereof for the time being in force), the directors shall be appointed by the members in the General Meeting of the company. In view of the same, Mr. Soham Ashokkumar Solanki shall be appointed by the members in the ensuing Annual General Meeting.

The Company has received consent to act as a Director of the Company in Form Dir 2 and a declaration that he is not disqualified from being appointed as a Director of the Company in Form Dir 8 and also received Independent Director declaration as per Section 149(6) of the Companies Act 2013.

Mr. Soham Ashokkumar Solanki is a Diploma in Automobile and highly experience the technical professional in Automobile Segments, with over 5 years of expertise in Technical analysis, he will try his level best to guide organisation through complex regulatory framework.

Mr. Soham Ashokkumar Solanki was not appointed as any Director or Additional Director or Independent Director or Nominee Director in any of the Companies, he has neither acted as a member of any of the committee of any companies.

Pursuant to the provisions of Section 152 of the Companies Act, 2013 the directors shall be appointed by the members through Ordinary Resolution in the General Meeting of the company. In view of the same, Mr. Soham Ashokkumar Solanki shall be appointed as an Independent Director by the members in the Annual General Meeting of the company.

None of the Directors or Key Managerial Personnel of the Company, is in any way, concerned or interested, financially or otherwise, in the resolution.

Item No. 04: Regularisation of Additional Independent Director Mr. Umang Ashwinbhai Shah (D.I.N: 09735002) by appointing him as an Independent Director of the Company:

Pursuant to the provisions of Section 149, 150, 152 read with Schedule 4 to the Companies Act, 2013, and all other applicable provisions of the Companies Act, 2013 and the Companies (Appointment and Qualification of Directors) Rules, 2014 (including any statutory modification(s) or re-enactment thereof for the time being in force), the directors shall be appointed by the members in the General Meeting of the company. In view of the same, Mr. Umang Ashwinbhai Shah shall be appointed by the members in the ensuing Annual General Meeting.

The Company has received consent to act as a Director of the Company in Form Dir 2 and a declaration that he is not disqualified from being appointed as a Director of the Company in Form Dir 8 and also received Independent Director declaration as per Section 149(6) of the Companies Act 2013.

Mr. Umang Ashwinbhai Shah is a Bachelor of Pharmacy (B.Pharm) from the Rajiv Gandhi University of Health Science, Karnataka and in the business for providing services and advisory into the Finance and Taxations from the last 14 years. And with over 14 years of expertise in Finance and Taxations, he has guided several organisations through complex regulatory framework and financial management.

Mr. Umang Ashwinbhai Shah is an Independent Director of M/s. Aashka Hospitals Limited since last two years and more and further to note that he is also a Chairman of Audit Committee, Nomination and Remuneration Committee, Stakeholders Relationship Committee of M/s. Aashka Hospitals Limited

Pursuant to the provisions of Section 152 of the Companies Act, 2013 the directors shall be appointed by the members through Ordinary Resolution in the General Meeting of the company. In view of the same, Mr. Umang Ashwinbhai Shah shall be appointed as an Independent Director by the members in the Annual General Meeting of the company.

None of the Directors or Key Managerial Personnel of the Company, is in any way, concerned or interested, financially or otherwise, in the resolution.

Table summary: Details for two candidates seeking appointment as Independent Directors starting July 16, 2026, both for five year terms with remuneration consisting of Board approved sitting fees and commissions. Mr. Soham Ashokkumar Solanki, aged 27, holds a Diploma in Automobile and has over 5 years of experience in technical analysis within automobile segments. Mr. Umang Ashwinbhai Shah, aged 37, holds a Bachelor of Pharmacy and has 14 years of expertise in finance and taxations. While Mr. Solanki holds no other directorships, Mr. Shah is an Independent Director at M/s. Aashka Hospitals Limited, where he chairs the Audit, Nomination and Remuneration, and Stakeholders Relationship Committees. Neither director holds any shares in the company.

To,

The Members

Goldcoin Health Foods Limited

(C.I.N: L15419GJ1989PLC012041)

Directors' Report and Management Discussion and Analysis for the Financial Results Year 2025 to 2026

Your directors have pleasure in presenting their 37th Annual Report on the business and operations of the company together with the Audited Statement of Accounts for the year ended 31st March, 2026.

Financial Results

Table summary: Total Income grew significantly from 8,73,810 in the year ended 31st March 2025 to 24,88,633 in the year ended 31st March 2026. This increase was driven by both a rise in Turnover, from 6,50,710 to 9,06,698, and a substantial increase in Other Income, which rose from 2,23,100 to 15,81,935. Despite the higher income, the entity remained unprofitable, though the loss after tax improved from negative 12,20,960 in 2025 to negative 4,52,339 in 2026. There were no tax expenses recorded for either year.

The Company is engaged in Trading of Food Products mainly, in milk. The Company collects Raw Material and supplies it to the big dairy for finished products. The management expects higher turnover in the Current Year. Besides it also proposes to develop the Cattle farm in near future with improved technology. The management forces improved performance in near future on account of this action.

The risk involved in the operations is external and internal. The External factors are based on market competition and availability of cheaper material. The internal material related to nature of product which is perishable in nature.

Your company has for the year ended 31st March, 2026, reported total revenue Rs. 9,06,698 from operations (as against Rs. 6,50,710 in the previous year). The operating profit of the company (earning before interest, depreciation and tax) for the year ended 31st March, 2026, is Rs. (4,52,339) as compared to Rs. (12,20,960) in previous year.

There is no change in the nature of business during the year under review.

There is no subsidiary companies and associate companies.

The company does not invite or accept deposits as contemplated under Chapter 5 of the companies act, 2013 during the year under review.

The existing internal financial controls are adequate and commensulate with the nature of business of the companies.

Industrial Relations :

The Relations between workmen and management are cordial during the year.

Insurance:

The properties insurable interests such as buildings, plant and machineries are adequately insured.

Corporate Social Responsibility (C.S.R):

The company is not required to undertake Corporate Social Responsibility (C.S.R) as it is not applicable to the company as per the provision of the section 135 of the companies act, 2013.

Dividend.

No Dividend is recommended by the Board for the Financial Year ended on 31st March, 2026.

Reduction of Share Capital:

The Company has passed a special resolution at E.G.M (Extra Ordinary General Meeting) held as on 27th March, 2025, wherein Scheme of Reduction of Capital has been approved by company's shareholders. Company has intimated the same to the B.S.E (Bombay stock Exchange) and got relisted on 3rd July, 2026.

Amounts Transferred to Reserves:

No amount is transferred to General Reserve due to none recommendation of Dividend and Loss.

Extract of Annual Return:

The details for the extracts of Annual Return pursuant to the provisions of Section 92 read with rule 12 of the Companies (Management and Administration) Rules, 2014 has been omitted in the Companies (Management and Administration) Rules, 2014 vide circular dated 05th March, 2021 and hence not attached to this Report. Further Section 92(3) of the Companies Act, 2013 mandates the Company shall place a copy of the Annual Return on the website of the Company, if any, and the web link of each annual return is goldcoinhealthfood dot in which is disclosed in the Board Report.

Table summary: There are no subsidiary companies, associate companies, or LLP/Partnership relationships to report, as indicated by the NIL entries for all categories.

$ ^{*} $There is no Subsidiary of Company hence no such information is provided

Number of Board Meetings:

During the Financial Year 2025 to 26, meetings of the Board of Directors of the company were held as under:

Table summary: A record of five board meetings held between May 8, 2025, and January 23, 2026, with a consistent attendance of 4 directors at every meeting.

During the financial year 2025 to 26, the Company has not given any loan to any Company including Associate Concern.

Particulars of Contracts or Arrangements with Related Parties:

All the transactions are at Arm's length. Remuneration paid to the Working Directors. Managing Directors is in respect of their time involvement in development of Company. There are no transactions with related parties during the year under under review.

Particulars of Loan, Guarantees and Investments under Section 186:

There is no investment in securities neither loan given to any Body Corporate

Explanation to Auditor's Remarks:

The remarks made by the Auditors in their Report have been suitably dealt with in the schedules and notes and therefore, do not call for any further clarification. Conservation of Energy, Technology, Absorption, Foreign Exchange Earnings and Outgo:

The details of Energy, Technology, Absorption, Foreign Exchange Earnings and Outgo are not given as there is no manufacturing activity is carried out :

B. Research and Development: Nil

Technology absorption:

C. Foreign Exchange earnings and outgo

Activities relating the export

Foreign Exchange earned

Foreign Exchange used

Risk Management Policy:

The Company has developed a very comprehensive risk management policy and the same is reviewed by the Audit Committee at periodical intervals, which in turn, informs the Board about the risk assessment and minimization procedures adopted by the management. Suggestions or guidance given by the audit committee members are immediately implemented. At the corporate level major risks are reviewed by the Managing Directors and directions in this regard are issued accordingly.

Details of Directors and Key Managerial Personnel:

Table summary: Details for the re-appointment of four directors. Devang Prafulchandra Shah serves as Managing Director, appointed on March 27, 1989. Smt. Pravinaben Gohil is a Whole-Time Director appointed on August 16, 2021. Ashokkumar Solanki Kantilal and Hiren Sureshkumar Mehta both serve as Independent Directors, both appointed on February 4, 2014. All four individuals reside in Ahmedabad.

: Attendance records for the Gold Coin Health Limited Audit Committee Meetings show that both Independent Directors, Mr. Hiren Sureshkumar Mehta and Mr. Ashokkumar Solanki Kantilal, maintained active status and attended all 4 scheduled meetings, receiving 2,000 rupees in sitting fees each.

- Major accounting entries involving estimates based on the exercise of judgment by management.

- Significant adjustment made in the financial statements arising out of audit findings.

- Compliance with listing and other legal requirements relating to financial statements.

- Disclosure of any related party transactions.

• Qualification in the audit report.

- Reviewing with the management, performance of statutory and internal auditors, and adequacy of the internal control system.

• Reviewing the adequacy of internal audit plan.

• Discussion with internal auditors on any significant findings and follow up thereof.

- Reviewing the findings of any internal investigation by the internal auditors into matters where there is suspected fraud or irregularity or a failure of internal control systems of a material nature and reporting the matter to the Board.

- Discussion with statutory auditors before the audit commences, about the nature and scope of audit as well as post audit discussion to ascertain any area of concern.

- To look into the reasons for substantial defaults in the payments to the depositors, shareholders (in case of non-payment of declared dividends) and creditors.

- Carrying out any other function as is mentioned in the terms of reference of the Audit Committee.

The Audit Committee is empowered, pursuant to its terms of references, to:

• Investigate any activity within its terms of reference and to seek any information it requires from any employee.

Obtain legal or other independent professional advice and to secure the attendance of outsiders with relevant experience and expertise, when considered necessary.

As per the Provision of the Companies Act, 2013 and Article of Association of the Company Mr. Devang Shah (DIN: 00633868) retires in ensuing Annual General Meeting and being eligible seeks Re-Appointment. The Board recommends their Re-Appointment.

Comparison of Remuneration to Directors and employees:

As the company is at present engaged in trading activities of cattle farm products the same is being marketed by the working Directors. The administration work of the company is given on job work basis.

Details of significant & material orders passed by the regulators or courts or tribunal:

No order has been passed by the Court/Tribunal during the financial year 2025-26.

Deposits (As per the Definition Section 2(31) of the Companies Act, 2013)

The following details of deposits, covered under Chapter V of the act:

I. Deposits Accepted during the year:

II. remained unpaid or unclaimed as at the end of the year:

III. Whether there has been any default in repayment of deposits or payment of interest thereon during the year and if so, number of such cases and the total amount involved.

IV. The details of deposits which are not in compliance with the requirements of Chapter:

Receipt of any commission by Managing Director / Whole Time Director from A Company or for receipt of commission / remuneration from it Holding or subsidiary:

Company is not paying any commission to its director.

Declaration by Independent Director:

The Company has received declaration from all the Independent Directors under the Companies Act, 2013 and rules made thereunder.

As on 31st March 2025, the Audit Committee comprises four Directors, out of which two are Independent Directors.

Mr. Hiren Sureshkumar Mehta and Mr. Ashokkumar Solanki Kantilal Independent Director is the Chairman of the Committee.

The time gap between two meetings was less than 120 days. The Committee met four times in the year under review on the details of the Audit Committee are given as under:

The functions of the Audit Committee of the Company include the following:

Oversight of the Company's financial reporting process and the disclosure of its financial information to ensure that the financial statement is correct, sufficient and credible.

Recommending to the Board, the appointment re-appointment, if required the replacement or removal of the statutory auditor and fixation of the audit fees Approval of payment to the statutory auditor for any other services rendered by the statutory auditors.

Reviewing, with the management, the annual financial statement before submission to the Board for approval, with particular references to:

Matters required to be included in the Directors Responsibility Statement to be included in the Board's report in terms of Section 134 of the Companies Act, 2013.

- Changes, if any, in accounting policies and practices and reason for the same.

The Company has systems and procedures in place to ensure that the Audit Committee mandatorily reviews:

• Management discussion and analysis of financial condition and results of operations.

Statement of significant related party transactions (as defined by the Audit Committee), submitted by management.

• Management letters/letters of internal control weaknesses issued by the statutory auditors.

Internal audit reports relating to internal control weaknesses.

The appointment, removal and terms of remuneration of the internal auditor.

In addition, the Audit Committee of the Company also reviews the financial statements. The Audit Committee is also apprised on information with regard to related party transactions by being presented:

• A statement in summary form of transactions with related parties in the ordinary course of business.

Details of material individual transactions with related parties which are not in the normal course of business.

Details of material individual transactions with related parties or others, which are not on an arm's length basis along with management's justification for the same.

Statement Indicating the Manner in which Formal Annual Evaluation has been made by the Board of its own Performance, its Directors, and that of its Committees:

During the year, the Board adopted a formal mechanism for evaluating its performance and as well as that of its Committees and individual Directors, including the Chairman of the Board. The exercise was carried out through a structured evaluation process covering various aspects of the Boards functioning such as composition of the Board & committees, experience & competencies, performance of specific duties & obligations, governance issues etcetera Separate exercise was carried out to evaluate the performance of individual Directors including the Board Chairman who were evaluated on parameters such as attendance, contribution at the meetings and otherwise, independent judgement, safeguarding of minority shareholders interest etcetera

The evaluation of the Independent Directors was carried out by the entire Board and that of the Chairman and the Non-Independent Directors were carried out by the Independent Directors. The Directors were satisfied with the evaluation results, which reflected the overall engagement of the Board and its Committees with the Company.

Nomination & Remuneration Committee Policy:

The sitting fee paid to the non-executive directors, commission to independent director, and remuneration paid to the wholetime director is approved by the remuneration committee. Remuneration Committee consists of Mr. Ashok Kumar Solanki Kantilal and Mr. Hiren Sureshkumar Mehta both Independent Directors. Half-yearly Declaration

Half yearly/Quarterly Declaration of financial performance including summary of significant events in the last six months is currently not being sent to each household of shareholders. However, the Company publishes its results in national and state level newspapers having wide circulation. The results are also posted on the website of the Company goldcoinhealthfoods dot in.

Disclosure on Establishment of a Vigil Mechanism:

Fraud free corruption, free work culture has been core to the Company. In view of the potential risk of fraud and corruption due to rapid growth and geographical spread of operations, the Company has put an even greater emphasis to address this risk.

To meet this objective, a comprehensive Fraud Risk Management (F.R.M) policy akin to vigil mechanism or the Whistle Blower Policy has been laid down by the Board of Directors

Table summary: Managerial remuneration for two directors, Devang Shah and Smt. Pravinaben Gohil, remained unchanged between financial years 2024-25 and 2025-26, with both directors receiving 3,00,000 rupees in each year.

^{*} Remuneration is not required to be paid to independent director as per Section 149 read with Schedule 4 of Companies Act, 2013.

Disclosures under Sexual Harassment of Women at Workplace (Prevention, Prohibition & Redressal) Act, 2013:

In accordance with the Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013, Gold Coin Health Limited has modified the erstwhile policy for Prevention of Sexual Harassment at the Workplace and the Board of Directors have unanimously adopted the same w.e.f. July 23, 2014.

Vide notification dated December 9, 2013; Ministry of Women and Child Development have introduced Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Rules, 2013. The earlier policy has been amended by incorporating the rules and procedures as mandated in the said notification. The revised policy shall be in effect from July 23, 2014.

Company has Appointed Smt. Ila P. Bhagat to redress the issues regarding Sexual Harassments at work place.

Directors Responsibility Statement:

In accordance with the provisions of Section 134(5) of the Companies Act 2013, your directors confirm that:

a) In the preparation of the annual accounts for the financial year ended 31st March, 2026, 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 as at 31st March, 2026 and of the profit/loss of the Company for that period;

c) The directors had taken proper and sufficient care for the maintenance of adequate accounting records in accordance with the provisions of the Companies Act 2013 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 concern basis; e) The directors had devised proper systems to ensure compliance with the provisions of all applicable laws and that such systems were adequate and operating effectively.

f) The directors had laid down internal financial controls to be followed by the company and that such internal financial controls are adequate and were operating effectively.

Green initiatives:

During 2011, we started a sustainability initiative with the aim of going green and minimizing our impact on the environment. Like the previous years, this year too, we are publishing only the statutory disclosures in the print version of the Annual Report. Additional information is available on our website, goldcoinhealthfoods dot in Electronic copies will be the Annual Report 2025 to 26 and Notice of the 37th Annual General Meeting are sent to all members whose email addresses are registered with the Company / Depository Participant(s). For members who have not registered their email addresses, physical copies of the Annual Report 2025 to 26 and the Notice will be the 37th Annual General Meeting are sent in the permitted mode. Members requiring physical copies can send a request to the Company.

The Company provides e-voting facility to all its members to enable them to cast their votes electronically on all resolutions set forth in the Notice. This is pursuant to Section 108 of the Companies Act, 2013 and Rule 20 of the Companies (Management and Administration) Amendment Rules, 2015. The instructions for e-voting are provided in the Notice.

The Directors express their sincere appreciation to the valued shareholders, bankers and clients for their support.

To.

The Members of.

Goldcoin Health Foods Limited

V.S.S.B & Associates

Independent Auditor's Report

Report on the Audit of the Standalone Financial Statements

Opinion

We have audited the accompanying Standalone financial statements of Goldcoin Health Foods Limited ("the Company"), which comprise the balance sheet as at 31 ^{st} March 2025, and the statement of profit and loss and statement of cash flows for the year then ended, and notes to the standalone 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, the aforesaid Standalone Financial Statements gives the information required by the Companies Act, 2013 ("the Act") in the manner so required and give a true and fair view in conformity with the Indian Accounting Standards prescribed under section 133 of the Act read with the Companies (Indian Accounting Standards) Rules, 2015, as amended, ("Ind as") and other accounting principles generally accepted in India, of the state of affairs of the Company as at 31st March, 2026, and its Loss, total comprehensive income, its cash flows and the changes in equity for the year ended on that date.

Basis for Opinion

We conducted our audit of the Standalone Financial Statements in accordance with the Standard on Auditing (S.A.S) specified under section 143(10) of the Act. Our responsibilities under those Standards are further described in the Auditor's Responsibilities for the Audit of the Standalone 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 (I.C.A.I) together with the ethical requirements that are relevant to our audit of the Standalone Financial Statements under the provisions of the Act and the Rules made thereunder, and we have fulfilled our other ethical responsibilities in accordance with these requirements and the I.C.A.I's Code of Ethics. We believe that the audit evidence obtained by us is sufficient and appropriate to provide a basis for our audit opinion on Standalone Financial Statement.

Emphasis of Matter

a) The Company has passed a special resolution at E.G.M (Extra Ordinary General Meeting) held as on 27/03/2025, wherein Scheme of Reduction of Capital has been approved by company's shareholders. Company has intimated the same to the B.S.E (Bombay stock Exchange). The Scheme of Reduction of Capital is subject to approval from N.C.L.T (National Company Law Tribunal).

b) As per Rule 3(1) of the Companies (Accounts) Rules, 2014, with effect from 01.04.2023, every company which uses accounting software for maintaining its books of account shall use only such accounting software which has a feature of recording the audit trail of each and every transaction, creating an edit log of each change made in the books of account along with the date when such changes were made and ensuring that the audit trail cannot be disabled. Management fails to provide us procedure adopted by them / followed by them to maintain proper record of Audit Trial.

c) Refer to Notes forming part of statement which includes the balance of Trade Receivables, Trade Payables, Loans including deposits and advances are subject to confirmation from and reconciliation with the relevant parties as on the date of balance sheet date.

Our opinion is not modified with respect to above mentioned matters.

Key Audit Matters

Key audit matters are those matters that, in our professional judgment, were of most significance in our audit of the financial statements of the current period. These matters were addressed in the context of our audit of the Standalone Financial Statements as a whole, and in forming our opinion thereon, and we do not provide a separate opinion on these matters.

: Table summary: Revenue recognition and transaction price measurement under Ind AS 115 are identified as key audit matters. The auditor's response involved assessing the process for the transfer of control of goods, performing year end cut off procedures, assessing the overall control environment for revenue measurement, and testing journals with a focus on manual adjustments to prevent the manipulation of revenue and profit figures.

The Company's Board of Directors is responsible for the other information. The other information comprises the information included in the Annual Report, but 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 in the audit or otherwise appears to be materially misstated.

- 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.

Information other than the financial statements and Auditor's Report Thereon

Responsibilities of Management and Those charged with governance for the Standalone Financial Statements

The Company's Board of Directors is responsible for the matters stated in section 134(5) of the Companies Act, 2013 ("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, including other comprehensive income, cash flows and changes in equity of the Company in accordance with the Ind as and other accounting principles generally accepted in India. 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 standalone financial statements, management is responsible for assessing the Company's ability to continue as a going concern, 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.

Those Board of Directors are also responsible for overseeing the Company's financial reporting process.

Auditor's Responsibilities for the Audit of the Standalone Financial Statements

Our objectives are to obtain reasonable assurance about whether the Standalone 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 S.A's 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 Standalone Financial statements.

As part of an audit in accordance with S.A's, we exercise professional judgment and maintain professional skepticism throughout the audit. We also:

- Identify and assess the risks of material misstatement of the Standalone 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. Under section 143(3)(i) of the Companies Act, 2013, we are also responsible for expressing our opinion on whether the company has adequate internal financial controls with reference to Standalone Financial statement in place and the operating effectiveness of such 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 Standalone 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 auditor's 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 Standalone Financial statements, including the disclosures, and whether the Standalone financial statements represent the underlying transactions and events in a manner that achieves fair presentation.

Materiality is the magnitude of misstatements in the Standalone Financial Statements that, individually or in aggregate, makes it probable that the economic decisions of a reasonably knowledgeable user of the Standalone Financial Statements may be influenced.

We consider quantitative materiality and qualitative factors (i) in planning the scope of our audit work and in evaluating the results of our work; and (2) to evaluate the effect of any identified misstatements in the Standalone Financial Statements.

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 Standalone 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.

Report on Other Legal and Regulatory Requirements

1. As required by Section 143(3) of the Act, based on our audit, 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, except for the matters stated in subclause (2) (h) (F) below on reporting under Rule 11(g) of the Companies (Audit and Auditors) Rules,

(c) The Standalone Financial Statements dealt with by this Report are in agreement with the books of account;

(d) In our opinion, the aforesaid Standalone Financial Statements comply with the Indian Accounting Standards specified under Section 133 of the Act, read with the Companies (Indian Accounting Standards) Rules, 2015, as amended;

(e) On the basis of the written representations received from the directors as on 31st March, 2026 taken on record by the Board of Directors, none of the directors is disqualified as on 31st March, 2026 from being appointed as a director in terms of Section (2) of the Act.

(f) The modification relating to the maintenance of accounts and other matters connected therewith are as stated in the paragraph (b) above on reporting under section 143(3)(b) and in sub-clause (2) (h) (F) below on reporting under Rule 11(g) of the Companies (Audit and Auditors) Rules,

(g) With respect to the adequacy of the internal financial controls with reference to Standalone Financial Statements of the Company and the operating effectiveness of such controls, refer to our separate Report in “Annexure A”. Our report expresses an unmodified opinion on the adequacy and operating effectiveness of the Company's internal financial controls with reference to the Standalone Financial Statement.

(h) 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, as amended in our opinion and to the best of our information and according to the explanations given to us:

a. The Company has disclosed the impact of pending litigations on its financial position in its Standalone Financial Statements. The Company does not have any long-term contracts including derivative contracts for which there were any material foreseeable losses.

b. The Company has made provision, as required under the applicable law or accounting standards, for material foreseeable losses, if any, on long-term contracts including derivative contracts;

c. There have been no delays in transferring the amounts, required to be transferred to the Investor Education and Protection Fund by the Company;

d. (i) The management has represented that, to the best of its knowledge and belief, other than as disclosed in the notes to the accounts, 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 entities ("Intermediaries"), with the understanding, whether recorded in writing or otherwise, that the Intermediary shall, whether, directly or indirectly lend or invest in other persons or entities identified in any manner whatsoever by or on behalf of the company ("Ultimate Beneficiaries") or provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries;

(2) The management has represented, that, to the best of its knowledge and belief, other than as disclosed in the notes to the accounts, no funds have been received by the company from any person(s) or entity(ies), including foreign entities ("Funding Parties"), 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 in any manner whatsoever by or on behalf of the Funding Party ("Ultimate Beneficiaries") or provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries; and

(3) Based on the audit procedures performed that have been considered reasonable and appropriate in the circumstances, nothing has come to our notice that has caused us to believe that the representations under sub-clause (1) and (2) of Rule 11(e) of the Companies (Audit and Auditors) Rules, 2014, as provided under (a) and (b) above, contain any material misstatement.

e. The company has not declared or paid any dividend during the year in contravention of the provisions of section 123 of the Companies Act, 2013

2. As required by the Companies (Auditor's Report) Order, 2020 ("the Order") issued by the Central Government of India in terms of sub-section of section of the Act, we give in the"Annexure B" a statement on the matters specified in the paragraph 3 and 4 of the Order, to the extent applicable.

3. With respect to the matters to be included in the auditor's report in accordance with the requirements of section 197(16) of the Act, as amended: In our opinion and to the best of our information and according to the explanations given to us, the remuneration paid by the Company to its directors during the current year is in accordance with the provisions of section of the Act. The Ministry of Corporate Affairs has not prescribed other details under section 197(16) of the Act which are required to be commented upon by us.

Date : 08/05/2026

“Annexure A” to Independent Audit Report

(Referred to in paragraph 1(f) under 'Report on Other Legal and Regulatory Requirements' section of our report of even date)

Report on the Internal Financial Controls with reference to Standalone Financial Statement under clause (i) of sub-section 3 of section 143 of the Companies Act, 2013 ("the Act")

We have audited the Internal Financial Controls with reference to Standalone Financial Statements of Goldcoin Health Foods Limited ("the Company") as of 31st March, 2026 in conjunction with our audit of the Standalone Financial Statements of the Company for the year ended on that date.

Management's Responsibility for Internal Financial Controls

The Company's management is responsible for establishing and maintaining internal financial controls based on the internal control with reference to Standalone Financial Statements criteria established by the Company considering the essential components of internal control stated in the Guidance Note on Audit of Internal Financial Controls Over Financial Reporting issued by the Institute of Chartered Accountants of India. These responsibilities include the design, implementation and maintenance of adequate internal financial controls that were operating effectively for ensuring the orderly and efficient conduct of its business, including adherence to company's policies, the safeguarding of its assets, the prevention and detection of frauds and errors, the accuracy and completeness of the accounting records, and the timely preparation of reliable financial information, as required under the Act.

Auditors' Responsibility

Our responsibility is to express an opinion on the Company's internal financial controls with reference to Standalone Financial Statements of the Company based on our audit. We conducted our audit in accordance with the Guidance Note on Audit of Internal Financial Controls Over Financial Reporting (the "Guidance Note") issued by the Institute of Chartered Accountants of India and the Standards on Auditing prescribed under section 143(10) of the Act, to the extent applicable to an audit of internal financial controls with reference to Standalone Financial Statements. Those Standards and the Guidance Note require that we comply with ethical requirements and plan and perform the audit to obtain reasonable assurance about whether adequate internal financial controls with reference to Standalone Financial Statements was established and maintained and if such controls operated effectively in all material respects.

Our audit involves performing procedures to obtain audit evidence about the adequacy of the internal financial controls with reference to Standalone Financial Statements and their operating effectiveness. Our audit of internal financial controls with reference to Standalone Financial Statements included obtaining an understanding of internal financial controls with reference to Standalone Financial Statements, assessing the risk that a material weakness exists, and testing and evaluating the design and operating effectiveness of internal control based on the assessed risk. The procedures selected depend on the auditor's judgement, including the assessment of the risks of material misstatement of the financial statements, whether due to fraud or error.

We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion on the Company's internal financial controls with reference to Standalone Financial Statements.

Meaning of Internal Financial Controls over Financial Reporting

A company's internal financial control with reference to Standalone Financial Statement is a process designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles. A company's internal financial control over financial reporting includes those policies and procedures that

(1) pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of the assets of the company;

(2) provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with generally accepted accounting principles, and that receipts and expenditures of the company are being made only in accordance with authorizations of management and directors of the company; and

(3) provide reasonable assurance regarding prevention or timely detection of unauthorised acquisition, use, or disposition of the company's assets that could have a material effect on the financial statements.

Inherent Limitations of Internal Financial Controls over Financial Reporting

Because of the inherent limitations of internal financial controls with reference to Standalone Financial Statements, including the possibility of collusion or improper management override of controls, material misstatements due to error or fraud may occur and not be detected. Also, projections of any evaluation of the internal financial controls with reference to Standalone Financial Statements to future periods are subject to the risk that the internal financial control with reference to Standalone Financial Statements may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate.

Opinion

In our opinion, to the best of our information and according to the explanations given to us, the Company has, in all material respects, an adequate internal financial controls with reference to Standalone Financial Statements and such internal financial controls with reference to Standalone Financial Statements were operating effectively as at 31st March, 2026, based on the criteria for internal financial control with reference to Standalone Financial Statements established by the Company considering the essential components of internal control stated in the Guidance Note on Audit of Internal Financial Controls Over Financial Reporting issued by the Institute of Chartered Accountants of India.

"Annexure B" to the Independent Audit Report

(Referred to in paragraph 2 under 'Report on Other Legal and Regulatory Requirements' section of our report of even date)

In terms of the information and explanations sought by us and given by the Company and the books of account and records examined by us in the normal course of audit and to the best of our knowledge and belief, we state that:

(i.) (a) (i) The Company has generally maintained proper records showing full particulars, including quantitative details and situation of Property, Plant and Equipment, investment properties, capital work in progress and relevant details of right of use assets.

(2) The Company has no intangible assets during the financial year.

(b) The Company has a program of verification of property, plant and equipment, so to cover all the items once in every year which, in our opinion, is reasonable having regard to the size of the Company and the nature of its assets. Pursuant to the program, certain Property, Plant and Equipment were due for verification during the year and were physically verified by the Management during the year. According to the information and explanations given to us, no material discrepancies were noticed on such verification.

(c) According to the information and explanation given to us and the records produced to us for our verification, the title deeds of all the immovable properties (other than immovable properties where the Company is the lessee and the lease agreements are duly executed in favour of the Company) disclosed in the Standalone Financial Statements are held in the name of the Company.

(d) The Company has not revalued any of its property, plant and equipment (including Right of Use assets) during the year.

(e) No proceedings have been initiated during the year or are pending against the Company as at 31st March, 2026 for holding any benami property under the Benami Transactions (Prohibition) Act, 1988 (as amended in 2016) and rules made thereunder.

(2) (a) The company has no inventories during the year. Hence, this clause is not applicable.

(b) According to the information and explanations given to us, the Company has not sanctioned any working capital limits in excess of Rs. 5 crore, in aggregate, at points of time during the year, from banks or financial institutions on the basis of security of identified current assets. Hence, this clause is not applicable.

(3) During the year, the company has not made any investments in, 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 any other parties. Therefore, the provisions of clause 3(iii) of the said Order are not applicable to the company.

(4) In our opinion and according to information and explanations given to us and representations made by the Management, the Company has not made investments, given any loans, or provided guarantees or securities, to the parties covered under section 185 of the Companies Act, 2013. Further, the Company has complied with the provisions of Section 186 of the Companies Act, 2013 in relation to investments made, loans and security given and guarantees provided by the Company.

(v) In our opinion and according to the information and explanations given to us, the Company has not accepted any deposits or any amount deemed to be deposits from the public within the meaning of the 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 rules framed there under. Accordingly, clause 3(v) of the Order is not applicable to the Company.

(6) The maintenance of cost records has not been specified by the Central Government under Section 148(1) of the Act, for the business activities carried out by the Company. Thus, reporting under clause (6) of the Order is not applicable.

(7) According to the information and explanations given to us, in respect of statutory dues:

(a) According to the information and explanations given to us and on the basis of our examination of the records of the Company, undisputed statutory dues including Provident Fund, Employee State Insurance, Income-Tax, Sales Tax/Value added Tax, Goods and Services Tax, Duty of Customs, cess and other material statutory dues have generally been deposited regularly during the year by the Company with the appropriate authorities.

According to the information and explanations given to us, no undisputed amounts payable in respect of statutory dues as referred to above were in arrears as at March 31, 2025 for a period of more than six months from the date they became payable.

(b) According to the information and explanations given to us, there are no material statutory dues of Provident Fund, Employee State Insurance and wealth tax which have not been deposited with the appropriate authorities on account of any dispute. However, according to the information and explanation given to us, the following dues of the Income-Tax and Traces. Details of dues of the same which have not been deposited as on 31st March, 2026 on account of disputes are given below:

Table summary: Two outstanding Income tax dues totaling over four hundred thousand rupees. The larger amount is a demand of four lakh three thousand four hundred and ten rupees under section 143(1)(a) for the year 2009, pending on the Income Tax Portal. The second is twenty thousand four hundred and fifty rupees for Tax Deducted at Source, relating to late filing fees and interest under section 201, pending on TRACES.

(8) According to the information and explanations given to us and based on our examination of the records of the Company, the Company has not surrendered or disclosed previously undisclosed transactions as income during the year in the tax assessments under the Income Tax Act, 1961 (43 of 1961). Accordingly, clause 3(viii) of the Order is not applicable to the Company.

(9) In respect of loans and borrowings of the Company:

(a) Based upon the audit procedures performed, the Company has not defaulted in repayment of loans or other borrowings or in the payment of interest thereon to any lender, although certain loans taken from related parties, which fell due during the year, were renewed/extended prior to the due date and interest accrued and remaining unpaid has been added to loans outstanding at year end, as per terms of the agreement.

(b) According to the information and explanations given to us and on the basis of our audit procedures, we report that the Company has not been declared willful defaulter by any bank, financial institution or any other lender.

(c) The Company has not taken any term loan during the year and there are no unutilized term loans at the beginning of the year and hence, reporting under clause (9)(c) of the Order is not applicable.

(d) On an overall examination of the financial statements of the Company, funds raised on short-term basis have, prima facie not been used during the year for long-term purposes by the Company.

(e) On an overall examination of the financial statements of the Company, the Company has not taken any funds from any entity or person on account of or to meet the obligations of its subsidiaries.

(f) The Company does not have any subsidiaries, joint ventures or associate companies. Therefore, the question of raising loans during the year on the pledge of securities held in its subsidiaries, joint ventures or associate companies does not arise.

(x) (a) The Company has not issued any of its securities (including debt instruments) during the year and hence reporting under clause (10) (a) of the Order is not applicable.

(b) During the year, the Company has not made any preferential allotment or private placement of shares or convertible debentures (fully or partly or optionally) and hence reporting under clause (10)(b) of the Order is not applicable to the Company.

(11) (a) During the course of our examination of the books and records of the Company, carried out in accordance with the generally accepted auditing practice in India, and according to the information and explanation given to us, no fraud by the Company or on the Company by its officers or employees has been noticed or reported during the year.

(b) According to information and explanations given to us, no report on any matter under sub-section (12) of section 143 of the Companies Act has been filed by the auditors in Form A.D.T-4 as prescribed under rule 13 of Companies (Audit and Auditors) Rules, 2014 with the Central Government, during the year and up to the date of this report.

(c) As represented to us by the Management there were no whistle-blower complaints received by the Company during the year and up to the date of this report.

(12) In our opinion, the Company is not a Nidhi Company. Accordingly, clause 3 (12) (a) to 3 (12) (c) of the Order are not applicable.

(13) As per information and explanation given to us and on the basis of our examination of the records of the Company, all the transactions with related parties are in compliance with section 177 and 188 of Companies Act 2013, wherever applicable, and all the details have been disclosed in Standalone Financial Statements as required by the applicable Indian Accounting Standards.

(14) (a) In our opinion, the Company is required to have an adequate internal audit system u/s 138 of the Companies Act. However, it does not have the same established for the year.

(b) The Company did not have an internal audit system for the period under audit so we are unable to obtain internal audit report. Hence, we haven't considered internal audit report.

(15) According to the information and explanations given to us and based on our examination of the records of the Company, the Company has not entered into any non-cash transactions, within the meaning of Section 192 of the Act, with directors or persons connected with them.

(16) (a) In our opinion and according to the information and explanations given to us, the Company is not required to be registered under Section 45-I.A of the Reserve Bank of India Act, 1934. Accordingly, clause 3 (16) (a) of the Order is not applicable to the Company.

(b) According to the information and explanations given to us and based on our examination of the records of the Company, the Company has not conducted any Non-Banking Financial or Housing Finance activities. Accordingly, clause 3 (16) (b) of the Order is not applicable to the Company

(c) In our opinion and according to the information and explanations given to us, the Company is not a Core Investment Company (C.I.C) as defined in the regulations made by the Reserve Bank of India. Accordingly, clause 3 (16) (c) of the Order is not applicable to the Company.

(d) There is no Core Investment Company as a part of the Group, hence, the requirement to report on clause 3 (16) (d) of the Order is not applicable to the Company.

(17) Based on our examination of the records of the Company, the Company has not incurred any cash losses during the financial year covered by our audit and in the immediately preceding financial year

18 There has been no resignation of the statutory auditors of the Company during the year. Accordingly, clause 3(xviii) of the Order is not applicable to the Company.

(19) According to the information and explanations given to us and on the basis of the financial ratios, ageing and expected dates of realization of financial assets and payment of financial liabilities, other information accompanying the Standalone Financial Statements, our knowledge of the Board of Directors and management 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 liabilities 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.

(20) There is no liability of the company under the provisions of section 135 of the Companies Act, relating to Corporate Social Responsibility. Therefore, the provisions of Clause (20) of paragraph 3 of the order are not applicable to the Company.

(21) The reporting under clause (21) is not applicable in respect of audit of standalone financial statements of the Company. Accordingly, Therefore, the provisions of Clause (21) of paragraph 3 of the order are not applicable to the Company.

Table summary: The Balance Sheet for Gold Coin Health as of March 31, 2026, lists Property, Plant and Equipment at 2.16 Lakhs, with all other categories of non-current assets reported as 0.00 Lakhs.

));Table summary: GOLDCOIN HEALTH FOODS LIMITED saw a reduction in its total net loss for the year ended March 31, 2026, compared to the previous year. The profit for the period decreased from a loss of 12.21 lakhs in 2025 to a loss of 4.52 lakhs in 2026. This improvement was driven by a significant increase in Total Income, which rose from 8.74 lakhs to 24.89 lakhs, primarily due to Other Income climbing from 2.23 lakhs to 15.82 lakhs and Revenue from Operations increasing from 6.51 lakhs to 9.07 lakhs. However, Total Expense also increased from 20.95 lakhs to 29.41 lakhs, with Other Expenses more than doubling from 4.91 lakhs to 11.04 lakhs. Basic and diluted earnings per equity share improved from a loss of 0.41 in 2025 to a loss of 0.30 in 2026.

: Cash flow statement for GOLDCOIN HEALTH FOODS LIMITED, with amounts in lakhs. The company saw a significant decline in net cash from operating activities, moving from a positive 37.79 in the year ended March 31, 2025, to a negative 67.97 in the year ended March 31, 2026. This operating loss was accompanied by a reduction in net profit before tax, which improved from negative 12.21 to negative 4.52. Investing activities provided a positive cash inflow of 60.00 in 2026 due to the sale of fixed assets, compared to zero in 2025. Financing activities shifted from a negative 4.39 in 2025 to a positive 8.06 in 2026, driven by long term borrowing. Overall, the net increase in cash and cash equivalents dropped from 33.39 in 2025 to nearly zero at 0.09 in 2026, resulting in a closing balance of 48.78 lakhs.

Note: 1.1 – Significant Accounting Policies

This note provides a list of the significant accounting policies adopted in the preparation of these standalone financial statements. These Policies have been consistently applied to all the years presented, unless otherwise stated.

1. Corporate Information:

Goldcoin Health Foods Limited (bearing C.I.N L15419GJ1989PLC012041) was incorporated on March 27, 1989 under the Companies Act, 1956 with the Registrar of Companies of Ahmedabad. The Company is currently engaged in the business of dealing and trading in milk and other related materials on retail as well as on wholesale basis. The Company is listed on Bombay Stock exchange (B.S.E) [Script code: Goldcoin].

2. Material Accounting Policies:

(i) Basis Of Preparation

a) Statement of Compliance

The financial statements of the Company have been prepared in accordance with Indian Accounting Standards (Ind as) notified under section 133 of the Companies Act, 2013 read with the Companies (Indian Accounting Standards) Rules, 2015, as amended from time to time and other accounting principles generally accepted in India. These financial statements have been prepared under the historical cost convention with the exception of certain assets and liabilities that are required to be carried at fair values by Ind as.

The financial statements are presented in I.N.R except when otherwise stated. All amounts have been rounded-off to the nearest 'Thousands', unless otherwise indicated.

b) Significant accounting judgements, accounting estimates and assumptions

The preparation of financial statements requires management to make certain judgements, estimates and assumptions that affect the reported amounts of revenues, expenses, assets and liabilities (including contingent liabilities) and the accompanying disclosures. Estimates and underlying assumptions are reviewed on an ongoing basis.

Key sources of estimation uncertainty

The key assumptions concerning the future and other key sources of estimation uncertainty at the reporting date, that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial years, are described below. Existing circumstances and assumptions about future developments may change due to market changes or circumstances arising that are beyond the control of the Company. Such changes are reflected in the assumptions when they occur.

Material estimates and assumptions are required in particular for:

1. Useful life of property, plant and equipment and intangible assets:

This involves determination of the estimated useful life of property, plant and equipment and intangible assets and the assessment as to which components of the cost may be capitalised. Useful life of these assets is based on the life prescribed in Schedule 2 to the Companies Act, 2013 or based on technical estimates, taking into account the nature of the asset, estimated usage, expected residual values, anticipated technological changes, maintenance support and operating conditions of the asset. Management reviews its estimate of the useful lives of depreciable/amortisable assets at each reporting date, based on the expected utility of the assets.

2. Taxes:

The Company's tax jurisdiction is India. Significant judgements are involved in estimating budgeted profits for the purpose of paying advance tax, determining the provision for income taxes, including amount expected to be paid/recovered for uncertain tax positions. Significant management judgement is also required to determine the amount of deferred tax assets that can be recognised, based upon the likely timing and the level of future taxable profits together with future tax planning strategies, including estimates of temporary differences reversing on account of available benefits from the Income Tax Act, 1961.

3. Fair Value Measurement of Financial Instruments:

In estimating the fair value of financial assets and financial liabilities, the Company uses market observable data to the extent available. Where such Level 1 inputs are not available, the Company establishes appropriate valuation techniques and inputs to the model. The inputs to these models are taken from observable markets where possible, but where this is not feasible, a degree of judgment is required in establishing fair values.

Judgments include considerations of inputs such as liquidity risk, credit risk and volatility. Changes in assumptions about these factors could affect the reported fair value of financial instruments.

4. Recognition and Measurement of Contingent Liabilities, Provisions and Uncertain Tax Positions:

There are various legal, direct and indirect tax matters and other obligations including local and state levies, availing input tax credits etcetera, which may impact the Company. Evaluation of uncertain liabilities and contingent liabilities arising out of above matters and recognition and measurement of other provisions are based on the assessment of the probability of an outflow of resources, and on past experience and circumstances known at the balance sheet date. The actual outflow of resources at a future date may therefore vary from the figure included in other provisions.

a) Current & Non-Current Classification

Any asset or liability is classified as current if it satisfies any of the following conditions:

(i) The asset/liability is expected to be realized/ settled in the Company's normal operating cycle;

(2) The asset is intended for sale or consumption;

(3) The asset/liability is held primarily for the purpose of trading;

(4) The asset/liability is expected to be realized/ settled within twelve months after the reporting period;

(v) The asset is cash or cash equivalent unless it is restricted from being exchanged or used to settle a liability for at least twelve months after the reporting date;

(6) In the case of a liability, the Company does not have an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

All other assets and liabilities are classified as non-current. Deferred tax assets and liabilities are classified as non-current assets and liabilities respectively.

For the purpose of current/non-current classification of assets and liabilities, the Company has ascertained its normal operating cycle as twelve months. This is based on the nature of services and the time between the acquisition of assets or inventories for processing and their realization in cash and cash equivalents.

I.I Summary of Material Accounting Policies

a) Foreign Currency Transactions and Translation

1) Functional and presentation currency The financial statements are presented in Indian Rupee (I.N.R), which is entity's functional and presentation currency.

2) Transactions and Balances

Foreign currency transactions are translated into the functional currency, for initial recognition, using the exchange rates at the dates of the transactions. All foreign currency denominated monetary assets and liabilities are translated at the exchange rates on the reporting date. Exchange differences arising on settlement or translation of monetary items are recognised in Statement of Profit and Loss except to the extent of exchange differences which are regarded as an adjustment to interest costs on foreign currency borrowings that are directly attributable to the acquisition or construction of qualifying assets which are capitalised as cost of assets. Non-monetary items that are measured in terms of historical cost in a foreign currency are not retranslated.

b) Cash & Cash Equivalents

Cash comprises cash on hand and demand deposit with banks. Cash equivalents are short-term balances (with an original maturity of three months or less from the date of acquisition), that are readily convertible into known amounts of cash and which are subject to insignificant risk of changes in value.

c) Property, Plant and Equipment

Recognition and Measurement

Property, Plant and Equipment, including Capital Work in Progress, are stated at cost of acquisition or construction less accumulated depreciation and impairment losses, if any. Borrowing cost relating to acquisition / construction of Property, Plant and Equipment which takes substantial period of time to get ready for its intended use are also included to the extent they relate to the period till such assets are ready to be put to use. The present value of the expected cost for the decommissioning of an asset after its use is included in the cost of the respective asset if the recognition criteria for a provision are met. If significant parts of an item of property, plant and equipment have different useful lives, then they are accounted for as separate items (major components) of property, plant and equipment.

Subsequent Measurement

Subsequent expenditure related to an item of Property, Plant and Equipment are included in its carrying amount or recognised as a separate asset, as appropriate, only when it is probable that the future economic benefits associated with the item will flow to the Company and the cost of the item can be measured reliably. Subsequent costs are depreciated over the residual life of the respective assets. All other expenses on existing Property, Plant and Equipment, including day-to-day repair and maintenance expenditure and cost of replacing parts, are charged to the Statement of Profit and Loss for the period during which such expenses are incurred.

Capital Work in Progress

Expenditure related to and incurred during implementation of capital projects to get the assets ready for intended use is included under "Capital Work in Progress". The same is allocated to the respective items of property plant and equipment on completion of construction/erection of the capital project/property plant and equipment. The cost of asset not ready for its intended use before the year end & capital inventory are disclosed under capital work in progress.

Depreciation

Depreciation is provided using straight-line method as specified in Schedule 2 to the Companies Act, 2013 or based on technical estimates. Depreciation on assets added / disposed off during the year is provided on pro-rata basis with reference to the date of addition / disposal.

Derecognition

An item of property, plant and equipment is derecognised upon disposal or when no future economic benefits are expected to arise from continued use of the asset. Any gain or loss arising on the disposal or retirement of property, plant and equipment is determined as the difference between the sale proceeds and the carrying amount of the assets and is recognised in Statement of Profit and Loss.

d) Financial Instruments

A financial instrument is any contract that gives rise to a financial asset of one entity and a financial liability or equity instrument of another entity. Financial assets and financial liabilities are initially measured at fair value, except for trade receivables which are measured at transaction price. The financial assets comprise of trade receivables, cash and cash equivalents, other bank balances and deposits, interest accrued, security deposits, intercorporate deposits, contract assets and other receivables.

These assets are measured subsequently at amortised cost. The financial liabilities comprise of borrowings, lease liabilities, retention and capital creditors, interest accrued, deposit from customers, trade and other payables.

Financial assets and financial liabilities are offset when the Company has a legally enforceable right (not contingent on future events) to off-set the recognised amounts either to settle on a net basis, or to realise the assets and settle the liabilities simultaneously. An equity instrument is any contract that evidences a residual interest in the assets of an entity after deducting all of its liabilities. Equity instruments issued by the Company are recognised at the proceeds received, net of direct issue costs.

A) Financial Assets

Initial Recognition

All financial assets, except trade receivables, are initially recognised at fair value.

Subsequent Measurement

Business Model Assessment

The Company makes an assessment of the objectives of the business model in which a financial asset is held because it best reflects the way business is managed and information is provided to management. The assessment of business model comprises the stated policies and objectives of the financial assets, management strategy for holding the financial assets, the risk that affects the performance etcetera Further management also evaluates whether the contractual cash flows are solely payment of principal and interest considering the contractual terms of the instrument. The subsequent measurement of financial assets depends on their classification, as described below:

1) At amortised cost

- A financial asset is measured at the amortised cost if both the following conditions are met: (a) The asset is held within a business model whose objective is to hold assets for collecting contractual cash flows, and (b) Contractual terms of the asset give rise, on specified dates, to cash flows that are solely payments of principal and interest (S.P.P.T) on the principal amount outstanding. After initial measurement, such financial assets are subsequently measured at amortised cost using the Effective Interest Rate (E.I.R) method. Amortised cost is calculated by taking into account any discount or premium on acquisition and fees or costs that are an integral part of the E.I.R. The E.I.R amortisation is included in finance income in the Statement of Profit and Loss. The losses arising from impairment are recognised in the Statement of Profit and Loss. This category generally applies to trade and other receivables. The effective interest rate is the rate that exactly discounts estimated future cash receipts (including all fees and transaction costs and other premiums or discounts) through the expected life of the financial assets, or where appropriate, a shorter period, to the gross carrying amount on initial recognition.

2) At Fair Value Through Other Comprehensive Income (F.V.T.O.C.I)

(a) financial asset is classified as at the F.V.T.O.C.I if both of the following criteria are met: (a) The objective of the business model is achieved both by collecting contractual cash flows and selling the financial assets, and

(b) Contractual terms of the asset give rise to cash flows that are solely payments of principal and interest (S.P.P.I) on the principal amount outstanding.

Debt instruments included within the F.V.T.O.C.I category are measured initially as well as at each reporting date at fair value. Fair value movements are recognised in the Other Comprehensive Income (O.C.I) and on derecognition, cumulative gain or loss previously recognised in O.C.I is reclassified to Statement of Profit and Loss. For equity instruments, the Company may make an irrevocable election to present subsequent changes in the fair value in O.C.I. If the Company decides to classify an equity instrument as at F.V.T.O.C.I, then all fair value changes on the instrument, excluding dividends, are recognised in the O.C.I. There is no recycling of the amounts from O.C.I to Statement of Profit and Loss, even on sale of investment.

3) At Fair Value Through Profit & Loss (F.V.T.P.L)

Financial assets which are not measured at amortised cost or F.V.T.O.C.I and are held for trading are measured at F.V.T.P.L. In addition, the Company may elect to designate a debt instrument, which otherwise meets amortised cost or F.V.T.O.C.I criteria, as at F.V.T.P.L. However, such election is allowed only if doing so reduces or eliminates a measurement or recognition inconsistency (referred to as 'accounting mismatch').

Equity investments

All equity investments in scope of Ind as 109 are measured at fair value. The Company may make an irrevocable election to present in other comprehensive income subsequent changes in the fair value. The Company makes such election on an instrument-by-instrument basis.

The classification is made on initial recognition and is irrevocable. If the Company decides to classify an equity instrument as F.V.T.O.C.I, then all fair value changes on the instrument, excluding dividends, are recognised in the O.C.I. There is no recycling of the amounts from O.C.I to profit and loss, even on sale of investment. However, the Company may transfer the cumulative gain or loss within equity. Equity instruments included within the F.V.T.P.L category are measured at fair value with all changes recognised in the profit and loss.

Derecognition

On derecognition of a financial asset, the difference between the asset's carrying amount and the sum of the consideration received and receivable and the cumulative gain or loss that had been recognised in other comprehensive income and accumulated in equity is recognised in Statement of Profit and Loss if such gain or loss would have otherwise been recognised in Statement of Profit and Loss on disposal of that financial asset.

Impairment of financial assets

The Company applies Expected Credit Loss (E.C.L) model for measurement and recognition of impairment loss on the financial assets and credit risk exposure. The Company assesses on a forward looking basis the expected credit losses associated with its receivables based on historical trends and past experience. The Company follows 'Simplified Approach' for recognition of impairment loss allowance on all trade receivables or contractual receivables. E.C.L is the difference between all contracted cash flows that are due to the Company in accordance with the contract and all the cash flows that the Company expects to receive, discounted at the original E.I.R. E.C.L impairment loss allowance (or reversal) recognised during the period is recognised as income / (expense) in the Statement of Profit and Loss.

B) Financial Liabilities

Financial liabilities are classified, at initial recognition as at amortised cost or fair value through profit or loss. The measurement of financial liabilities depends on their classification, as described below:

1) At amortised cost

This is the category most relevant to the Company. After initial recognition, financial liabilities are subsequently measured at amortised cost using the E.I.R method. Gains and losses are recognised in Statement of Profit and Loss when the liabilities are derecognised as well as through the E.I.R amortisation process. Amortised cost is calculated by taking into account any discount or premium on acquisition and fees or costs that are an integral part of the E.I.R. The E.I.R amortisation is included as finance costs in the Statement of Profit and Loss. The effective interest method is a method of calculating the amortised cost of a financial liability and of allocating interest expense over the relevant period. The effective interest rate is the rate that exactly discounts estimated future cash payments (including all fees and points paid or received that form an integral part of the effective interest rate, transaction costs and other premiums or discounts) through the expected life of the financial liability, or (where appropriate) a shorter period, to the net carrying amount on initial recognition.

2) At Fair Value Through Profit or Loss (F.V.T.P.L)

Financial liabilities at fair value through profit or loss include financial liabilities held for trading and financial liabilities designated upon initial recognition as such. Subsequently, any changes in fair value are recognised in the Statement of Profit and Loss.

Derecognition of Financial Liability

A financial liability is derecognised when the obligation under the liability is discharged or cancelled or expires. An exchange with a lender of debt instruments with substantially different terms is accounted for as an extinguishment of the original financial liability and the recognition of a new financial liability. Similarly, a substantial modification of the terms of an existing financial liability is accounted for as an extinguishment of the original financial liability and the recognition of a new financial liability.

C) Derivative financial instruments

Initial recognition and subsequent measurement

The Company uses derivative financial instruments such as forward and options currency contracts to hedge its foreign currency risks. Such derivative financial instruments are initially recognised and subsequently measured at fair value through profit or loss (F.V.T.P.L). Derivatives are carried as financial assets when the fair value is positive and as financial liabilities when the fair value is negative. Any gains or losses arising from changes in the fair value of derivative financial instrument are recognised in the Statement of Profit and Loss and reported with foreign exchange gains/ (loss). Changes in fair value and gains/(losses) on settlement of foreign currency derivative financial instruments relating to borrowings, which have not been designated as hedge are recorded as finance cost.

e) Income Taxes

Income tax expense comprises current tax expense and the net change in the deferred tax asset or liability during the year. Current and deferred taxes are recognised in Statement of Profit and Loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax are also recognised in other comprehensive income or directly in equity, respectively.

f) Current Tax

Current income tax assets and liabilities are measured at the amount expected to be recovered from or paid to the taxation authorities. Current income tax (including Minimum Alternate Tax (M.A.T)) is measured at the amount expected to be paid to the tax authorities in accordance with the Income-Tax Act, 1961 enacted in India. The tax rates and tax laws used to compute the amount are those that are enacted or substantially enacted, at the reporting date. Current income tax relating to items recognised outside the statement of profit and loss is recognised outside the statement of profit and loss (either in other comprehensive income (O.C.I) or in equity). Management periodically evaluates positions taken in the tax returns with respect to situations in which applicable tax regulations are subject to interpretation and establishes provisions where appropriate.

g) Deferred Tax

Deferred tax assets and liabilities are recognised for deductible and taxable temporary differences arising between the tax base of assets and liabilities and their carrying amount, except when the deferred tax arises from the initial recognition of an asset or liability in a transaction that is not a business combination and affects neither accounting nor taxable profit or loss at the time of the transaction. Deferred tax assets are recognised to the extent that it is probable that taxable profit will be available against which the deductible temporary differences, and the carry forward of unused tax credits and unused tax losses can be utilised. Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the year when the asset is realised or the liability is settled, based on tax rates (and tax laws) that have been enacted or substantively enacted at the reporting date. Deferred tax includes M.A.T tax credit.

The Company recognises tax credits in the nature of M.A.T credit as an asset only to the extent that there is convincing evidence that the Company will pay normal income tax during the specified period, that is, the period for which tax credit is allowed to be carried forward. In the year in which the Company recognises tax credits as an asset, the said asset is created by way of tax credit to the statement of profit and loss. The Company reviews such tax credit asset at each reporting date to assess its recoverability.

h) Inventories

Inventories are valued at lower cost or net realisable value. 2) Cost of inventories have been computed to include all costs of purchases, cost of conversion, all non-refundable duties & taxes and other costs incurred in bringing the inventories to their present location and condition. 3) The basis of calculating cost for traded goods and stores and spares is weighted average cost method. For certain categories of traded goods it is determined based on weighted average cost of respective commodity lot basis. 4) Net realisable value is the estimated selling price in the ordinary course of business, less estimated cost of completion and estimated cost necessary to make the sale. Necessary adjustment for shortage / excess stock is given based on the available evidence and past experience of the Company.

1) Provision, Contingent Liabilities and Contingent Assets

Provisions are recognised for when the Company has at present, legal or contractual obligation as a result of past events, only if it is probable that an outflow of resources embodying economic outgo or loss will be required and if the amount involved can be measured reliably. If the effect of the time value of money is material, provisions are discounted using a current pre-tax rate that reflects, when appropriate, the risks specific to the liability. When discounting is used, the increase in the provision due to the passage of time is recognised as a finance cost.

The Company recognises provision for asset retirement obligation in accordance with the mining services contract. Contingent liabilities being a possible obligation as a result of past events, the existence of which will be confirmed only by the occurrence or non occurrence of one or more future events not wholly in control of the Company are not recognised in the accounts. The nature of such liabilities and an estimate of its financial effect are disclosed in notes to the financial statements.

Contingent assets are not recognised in the financial statements. The nature of such assets and an estimate of its financial effect are disclosed in notes to the financial statements.

j) Revenue Recognition

Revenue from contract with customer is recognised upon transfer of control of promised products or services to customers on complete satisfaction of performance obligations for an amount that reflects the consideration which the Company expects to receive in exchange for those products or services. Revenue is measured based on the transaction price, which is the consideration, adjusted for discounts and other incentives, if any, as per contracts with the customers. Revenue also excludes taxes or amounts collected from customers in its capacity as agent. The specific recognition criteria from various stream of revenue is described below:

Sale of Goods

Revenue from sale of goods is recognised when the Company transfers control of the goods, generally on delivery, or when the goods have been dispatched to the customer's specified location as per the terms of contract, provided the company has not retained any significant risk of ownership or future obligation with respect to the goods dispatched.

(2) Interest Income

Interest income is accrued on a time basis, by reference to the principal outstanding and at the effective interest rate applicable, which is the rate that exactly discounts estimated future cash receipts through the expected life of the financial asset to that asset's net carrying amount on initial recognition.

k) Employee Benefits

Employee benefits includes gratuity, compensated absences, contribution to provident fund, employees' state insurance and superannuation fund.

1) Short Term Employee Benefits

Employee benefits payable wholly within twelve months of rendering the services are classified as short term employee benefits and recognised in the period in which the employee renders the related service. These are recognised at the undiscounted amount of the benefits expected to be paid in exchange for that service.

2) Post Employment Benefits

Defined Contribution Plans

Retirement benefits in the form of provident fund and superannuation fund are defined contribution schemes. The Company has no obligation, other than the contribution payable to the provident fund. The Company recognises contribution payable to the these funds as an expense, when an employee renders the related service. If the contribution payable to the scheme for service received before the balance sheet date exceeds the contribution already paid, the deficit payable to the scheme is recognised as a liability after deducting the contribution already paid.

Defined Benefit Plans

The Company operates a defined benefit gratuity plan in India, in which contributions are maintained to a separately administered fund. The cost of providing benefits under the defined benefit plan is determined based on actuarial valuation, carried out by an independent actuary, using the projected unit credit method. The liability for gratuity is funded annually to a gratuity funds maintained with the Life Insurance Corporation of India and S.B.I Life Insurance Company Limited. Re-measurements gains and losses arising from experience adjustments, changes in actuarial assumptions and the return on plan assets (excluding net interest) are recognised immediately in the balance sheet with a corresponding debit or credit to retained earnings through other comprehensive income in the period in which they occur.

Re-measurements are not reclassified to profit or loss in subsequent periods. Net interest is calculated by applying the discount rate to the net balance of defined benefit liability or asset. The Company recognises the following changes in the net defined benefit obligation as an expense in the statement of profit and loss in the line item "Employee Benefits Expense":

- □ Service cost including current service cost, past service cost, gains and losses on curtailments and non-routine settlements; and □ Net interest expense or income.

3) Other Employee Benefits

Other employee benefits comprise of compensated absences / leaves. The actuarial valuation is done as per projected unit credit method. Remeasurements as a result of experience adjustments and changes in actuarial assumptions are recognised in the Statement of Profit and Loss.

- 4) For the purpose of presentation of defined benefit plans and other long term benefits, the allocation between current and non-current provisions has been made as determined by an actuary.

1. Earnings Per Share

Basic E.P.S is computed by dividing the profit or loss attributable to the owners of the Company by the weighted average number of equity shares outstanding during the year. Diluted E.P.S is computed by dividing the profit or loss attributable to the owners of the Company (after adjusting for costs associated with dilutive potential equity shares) by the weighted average number of equity shares and dilutive potential equity shares outstanding during the year.

m. Expenditure

Expenses are net of taxes recoverable, where applicable.

n. Related Party Disclosure: As per Annexure - 1

0. Auditor's Remuneration: (Rs. In Lacs)

Table summary: Audit Fees increased from 0.50 in 2024-25 to 0.59 in 2025-26.

p. Details of Foreign Exchanges Earnings and Out Go:

: Table summary: Foreign Exchange Earnings and Foreign Exchange Out Go were both recorded as null or zero for the periods ending 31st March, 2026 and 31st March, 2024.

q. As certified by the company that it was received written representation from all the directors, that companies in which they are directors had not defaulted in terms of section 164(2) of the companies Act, 2013, and the representation from directors taken in Board that Director is disqualified from being appointed as Director of the company.

r. 1. As per the Ministry of Corporate Affairs (M.C.A) notification, proviso to Rule 3(1) of the Companies (Accounts) Rules, 2014, for the financial year commencing April 1, 2023, every company which uses accounting software for maintaining its books of account, shall use only such accounting software which has a feature of recording audit trail of each and every transaction, creating an edit log of each change made in the books of account along with the date when such changes were made and ensuring that the audit trail cannot be disabled. The interpretation and guidance on what level edit log and audit trail needs to be maintained evolved during the year and continues to evolve.

In the company, the accounting software has a feature of audit trail, but it was disable at an application level for maintenance of books of accounts and relevant transactions. However, the global standard E.R.P used by the Company has not been enabled with the feature of audit trail log at the database layer to log direct transactional changes, due to present design of E.R.P. This is being taken up with the vendor. In the meanwhile, the Company continues to ensure that direct write access to the database is granted only via an approved change management process.

Details of foreign exchange mentioned above are certified and provided by the Management of the company.

2. Compliance with S.E.B.I (Prohibition of Insider Trading) Regulations, 2015

The Company has adopted a Code of Conduct and established internal controls in accordance with the S.E.B.I (Prohibition of Insider Trading) Regulations, 2015, as amended from time to time, to regulate, monitor and report trading activities of Designated Persons and their Immediate Relatives. The Company has implemented adequate procedures for identification, handling, communication and protection of Unpublished Price Sensitive Information (U.P.S.I). Access to U.P.S.I is restricted on a need-to-know basis to ensure its confidentiality and integrity.

The Company also maintains a Structured Digital Database and other necessary records as prescribed under the applicable regulations and has put in place appropriate mechanisms to prevent insider trading and unauthorized disclosure of U.P.S.I. The Company has complied with the applicable provisions of the S.E.B.I (Prohibition of Insider Trading) Regulations, 2015 during the year.

For and on behalf of the board of directors

For, Goldcoin Health Foods Limited

Devang Shah

Managing Director & C.E.O

(D.I.N: 00633868)

Niraj Baid Pravinaben D Gohil

Director

(D.I.N: 09279658)

Annexure 1 - Related Part Disclosure

: Table I summary: A list of related parties consisting of six Key Management Personnel, including Devang P Shah, Ila P Bhagat, and Ashokkumar Solanki, as well as two Relatives of KMP, Bharti D Gohil and Mandakini D Shah.

(2) List of Transactions Entered with Them

: Related party transactions for Key Management Personnel, specifically Devang P Shah and Pravinaben Gohil. For loan transactions, Devang P Shah had an opening balance of 22.00, returned 0.60 during the year, and ended with a balance of 21.40. Pravinaben Gohil started with a zero balance, took 8.66 during the year, and ended with a closing balance of 8.66. Additionally, both Devang P Shah and Pravinaben Gohil received a salary of 3.00.

Goldcoin Health Foods Limited (C.I.N: L15419GJ1989PLC012041)

Statement of Changes in Equity

(Amount in Lakhs)

(Amount in Lakhs)

: Table A summary: The equity share capital remained stable at 300.09 from April 1st, 2024, through March 31st, 2025, with no changes in the reporting periods. However, by March 31st, 2026, the balance at the end of the reporting period shifted to 150.05, reflecting a change in equity share capital during the year of 150.05.

B. Other Equity

Table summary: The total reserves and surplus decreased from a negative 186.08 at the beginning of April 2024 to a negative 52.79 by the end of March 2026. The primary driver of this trend was the Other Reserves, which reflects the surplus balance of the Profit and loss Account. This account dropped from negative 261.72 in April 2024 to negative 273.95 by March 31, 2025, largely due to a total comprehensive income loss of 12.21. However, the balance improved to negative 128.43 by the end of March 2026, aided significantly by a reduction in share capital of 150.05, which offset a further income loss of 4.52. Throughout this entire period, Capital Reserve remained constant at 71.63 and Subsidy remained constant at 4.01, while Securities Premium Reserve and Retained Earnings remained at 0.00.

(b) Detailed note on the terms of the rights, preferences and restrictions relating to each class of shares including restrictions on the distribution of dividends and repayment of capital.

1) The company has passed special resolution in E.G.M (Extra Ordinary General Meeting) held as on 27/03/2025 for Approval of Reduction Of Share Capital. Company has received Approval Order regarding said scheme of Reduction of Share Capital from National Company Law Tribunal (N.C.L.T) as on 31/10/2025.

2) During the year, the Company implemented a scheme of reduction of share capital followed by consolidation of equity shares, whereby equity shares of face value ₹5 each were consolidated into equity shares of face value ₹10 each, effective 11 December 2025.

3) The Company has only one class of Equity Shares having a par value of Rs. 10/-per share. Each holder of Equity Share is entitled to one vote per share. The Company declares and pays dividend in Indian Rupees. During the year ended 31st March 2026, the Company has not declared any dividend.

4) In the event of liquidation of the Company, the holders of Equity shares will be entitled to receive remaining assets of the Company, after distribution of all preferential amounts. The distribution will be in proportion to the number of Equity shares held by the shareholders.

(c) Reconciliation of number of shares outstanding at the beginning and at the end of the reporting period

Table summary: Equity Share Capital movements for the fiscal years ending March 31, 2026, and March 31, 2025. The number of shares remained constant at 1,500,450 for the year ending March 31, 2026, and at 3,000,900 for the year ending March 31, 2025. There were no new shares issued through the Memorandum or Private Placement in either period, and no share forfeitures were recorded during the 2026 fiscal year.

(d) Aggregate details for five immediately previous reporting periods for each class of shares

: Table summary: Equity Share Capital details for the periods ending March 31, 2026, and March 31, 2025. For both years, there were zero shares allotted as fully paid up pursuant to contracts without cash payment, zero bonus shares allotted, and zero shares bought back.

(e) Details of shareholders holding more than 5% shares in the company (g) Detailed terms of any securities convertible into shares, for example in the case of convertible warrants, debentures, bonds etcetera The company does not have any securities convertible into shares as on reporting date.

Table summary: Shareholdings for Devang Shah and Mandakini Shah as of March 31, 2026, and March 31, 2025. While the percentage of shares held by both individuals remained constant between the two dates, the total number of shares each held decreased by half. Devang Shah held 292.50 shares, or 19.49 percent, in 2026, down from 585.00 shares in 2025. Mandakini Shah held 251.30 shares, or 16.75 percent, in 2026, down from 502.60 shares in 2025.

: Table summary: Shareholders' holdings show that Devang Shah holds the largest portion at 292.50 shares or 19.49 percent, followed by Mandakini D Shah with 251.30 shares or 16.75 percent, and Ila Bhagat with 46.04 shares or 3.07 percent. There was zero percent change in the number of shares held by any of these three individuals during the year.

Note 3 - Other Equity

(Amount in Lakhs)

(Amount in Lakhs)

: Table 2 summary: Equity share capital remained constant for authorised shares at 320.00 as of both March 31, 2026, and March 31, 2025, representing 32,00,000 Equity Shares of 10 rupees each. However, the issued, subscribed, and paid-up capital decreased from 300.09 as of March 31, 2025, to 150.05 as of March 31, 2026, reflecting a reduction in the number of shares from 30,00,900 in the previous year to 15,00,450 Equity Shares of 10 rupees each.

Table 3 summary: The financial status of reserves and surpluses for the years ending March 31, 2026, and March 31, 2025. The total balance improved from a deficit of 198.32 in 2025 to a deficit of 52.79 in 2026. This change was primarily driven by a 150.05 reduction in capital in 2026, which offset a yearly loss of 4.52. Other key components remained stagnant, with the Capital Reserve holding steady at 71.63, the Subsidy at 4.01, and the Securities premium account and General Reserve both remaining at 0.00 for both years.

Table 4 summary: Non Current Liabilities for Borrowing show that the only active debt consists of unsecured loans and advances from related parties. This amount increased from 22.00 as at March 31, 2025, to 30.06 as at March 31, 2026. All other categories, including loans from banks and financial institutions and other loans and advances, remained at 0.00 for both periods.

Table 5 summary: Borrowing for current financial liabilities increased significantly from 2.58 as of March 31, 2025, to 14.58 as of March 31, 2026. This entire amount is attributed to secured loans repayable on demand from banks, while unsecured loans and all other loans and advances remained at 0.00 for both periods.

Table 6 summary: Other Current Liabilities decreased significantly from 14.65 as of March 31, 2025, to 0.30 as of March 31, 2026. This change is driven entirely by Outstanding Dues of Other Creditors, as Outstanding Dues of Micro, Small and Medium Enterprises remained at 0.00 for both periods.

: Table 7 summary: Current liabilities for provisions decreased from a total of 71.15 as of March 31, 2025, to 20.15 as of March 31, 2026. This change was driven by a significant drop in the advance for property, which fell from 71.15 to 11.15, while salary payable increased from 0.00 to 9.00 over the same period.

Table 8 summary: Total current liability provisions decreased from 6.68 as of March 31, 2025, to 5.25 as of March 31, 2026. This decline was driven by a complete removal of provisions for Accounting fees and Consultancy, which stood at 0.70 and 0.50 respectively in 2025, and a slight decrease in the Provision for Outstanding Income Tax Demand from 4.03 to 3.80. The Provision for Audit fees remained unchanged at 1.45 for both years.

Note 9 - Current Tax Liabilities

Table 9 summary: Other Current Liabilities consisted solely of TDS Payable, which increased from 0.00 as of March 31, 2025, to 0.31 as of March 31, 2026.

Note -11 - Non Current Assets: Financial assets: Loan

Table summary: Financial ratios and disclosures for GOLDCOIN HEALTH FOODS LIMITED as of March 31, 2026, compared to the previous year. The most significant improvements are seen in liquidity and efficiency, with the Current Ratio rising from 1.48 to 3.62 and the Trade payables Turnover Ratio increasing from 0.32 to 1.04.Profitability remains negative but has improved across the board, with the Net Profit Ratio moving from negative 187.64 percent to negative 49.89 percent, and Return on equity ratio improving from negative 9.67 percent to negative 4.55 percent. Conversely, the Net Capital Turnover Ratio declined by 58.44 percent, dropping from 0.29 to 0.12.

Table summary: Trade payables for GOLDCOIN HEALTH FOODS LIMITED as of March 31, 2026, show zero outstanding balances across all categories and aging periods. There are no outstanding amounts for MSME or others, and no disputed dues for either group, regardless of whether the payment period was less than one year, one to two years, two to three years, or more than three years.

: Table summary: Trade receivables outstanding as of March 31, 2025, show a total of 14.65 for Others, with no outstanding amounts for MSME or any disputed dues. The total for Others is comprised of 4.65 outstanding for 2 to 3 years and 10.00 outstanding for more than 3 years.

Table summary: All outstanding trade receivables as of March 31, 2026, are concentrated in a single category. There are 86.30 in Undisputed Trade Receivables-Considered Good, all of which have been outstanding for more than 3 years. All other categories, including disputed receivables and those considered doubtful, report zero balances across all time periods.

Table summary: As of March 31, 2025, the only outstanding trade receivables are Undisputed Trade Receivables Considered Good, totaling 86.30. Of this amount, the vast majority is more than 3 years overdue at 82.22, with 4.09 outstanding for 2 to 3 years. All other categories, including doubtful receivables and disputed receivables, have balances of 0.00 across all time periods.

For and on behalf of the board of directors For, Goldcoin Health Foods Limited

As per our attached report of even date

(Amount in Lakhs)

(Amount in Lakhs)

(Amount in Lakhs Except EPS)

Note:

$ ^{*} $ One asset from the Fixed Asset Register, reaches to its 5% residual value, hence from the current year, management of the company has not provided depreciation on the same.

: Table 11 summary: A comparison of financial assets as of March 31, 2026, and March 31, 2025. Capital advances and unsecured loans to related parties remained at zero for both years. Within other loans and advances, amounts due from others and those classified as doubtful or bad both decreased from 28.90 in 2025 to 18.90 in 2026, while secured and unsecured considered good advances remained at zero.

Table 12 summary: Trade Receivables remained unchanged between March 31, 2025, and March 31, 2026. The total amount for both periods is 86.30, consisting entirely of unsecured receivables considered good that are due for a period exceeding six months. All other categories, including doubtful debts and provisions, are recorded as 0.00.

Table 13 summary: Cash and cash equivalents remained nearly stable between March 31, 2025, and March 31, 2026, with the total increasing slightly from 48.70 to 48.78. The vast majority of these funds are held in deposit accounts with more than 12 month maturity, which remained constant at 47.50 for both years. Other components showed more volatility, as bank account balances decreased from 1.05 to 0.23, while cash-on-hand increased from 0.15 to 1.05.

Table 14 summary: Other Current Assets increased from a total of 5.35 as of March 31, 2025, to 12.05 as of March 31, 2026. This growth was primarily driven by an increase in Accrued Interest on FD, which rose from 4.12 to 7.24, and Advance Given, which grew from 1.01 to 4.46. TDS Receivable saw a smaller increase from 0.22 to 0.35.

Table 15 summary: Revenue from operations for the sale of milk increased from 6.51 for the year ended March 31, 2025, to 9.07 for the year ended March 31, 2026.

Table 16 summary: Other income increased significantly from 2.23 for the year ended March 31, 2025, to 15.82 for the year ended March 31, 2026. This growth was primarily driven by a gain on sale of land of 12.33 in 2026, compared to zero in the previous year. Interest on FD also rose from 2.23 to 3.47, and interest on income tax refund increased slightly from 0.00 to 0.01.

Table 17 summary: Total purchases increased from 5.52 for the year ended March 31, 2025, to 7.77 for the year ended March 31, 2026.

Table 18 summary: There were no changes in inventories for the years ended March 31, 2025, and March 31, 2026. All listed categories, including Finished goods, Work-in-progress, and Stock-in-trade, reported values of 0.00 for both the beginning and end of these fiscal years.

: Table 19 summary: Employee benefit expenses totaled 9.70 for the year ended March 31, 2026, a slight decrease from 10.05 the previous year. This total consists of Director's Remuneration, which remained constant at 6.00 for both years, and Salary, which decreased from 4.05 in 2025 to 3.70 in 2026.

Table 20 summary: Financial costs increased from 0.41 for the year ended March 31, 2025, to 0.83 for the year ended March 31, 2026. This rise was driven primarily by Interest Paid, which grew from 0.36 to 0.83, while Bank Charges decreased from 0.04 to 0.01 over the same period.

: Table 21 summary: Depreciation and amortised cost remained unchanged between the fiscal years ending March 31, 2025, and March 31, 2026, with the total depreciation for both years recorded at 0.06.

: Table 22 summary: Other expenses increased from the year ended March 31, 2025, to the year ended March 31, 2026. The largest individual costs for the 2026 period were BSE Fees at 4.30 and Professional Charges at 3.86, the latter of which rose significantly from 0.05 in 2025. Other notable expenses in 2026 include NSDL Fees at 0.94, CDSL Charges at 0.76, and Audit Fees at 0.59. Total expenses for the period were 11.04.

: Table 23 summary: Earnings per equity share show a reduced net loss for the year ended March 31, 2026, compared to the previous year. Net profit after tax attributable to equity shareholders for both Basic and Diluted EPS was negative 4.52 for the year ended 2026, improving from negative 12.21 in the year ended 2025. The weighted average number of equity shares outstanding during the year for Basic EPS decreased from 30.01 in 2025 to 15.00 in 2026. Consequently, the Basic and Diluted EPS for continuing, as well as combined continuing and discontinuing operations, moved from negative 0.41 in 2025 to negative 0.30 in 2026.

Goldcoin Health Foods Limited