! The Company has only one class of equity shares having face value of Rs.10 each. Each shareholder of Equity share is entitled to one vote per share. The Company declares and pays dividends in Indian Rupees.

In the event of liquidation of the company, the equity shareholders 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.

2.4 The Company had issued bonus shares of 38,54,403 in the ratio of 11:20 i.e. eleven equity shares for every 20 shares held by the shareholders by capitalizing securities premium of the on 01.07.2018.

4.1: a) Term Loans - from Banks represents loans taken loans from ICICI Bank Ltd and IDFC First Bank Ltd:

b) Term Loans from ICICI Bank Ltd are term loans secured by hypothecation of vehicles carrying average rate of interest of 9.58%.

c) Term Loans from IDFC First Bank Ltd are term loans secured by hypothecation of properties of director carrying interest rate of 8.5%

4.2: Term Loans - others represent loans taken from Sundaram Finance Ltd and Mahindra & Mahindra Finance Service Ltd, secured by hypothecation of Vehicles with following rate of interest:

a) Mahindra & Mahindra Financial Services Ltd with 12%, Sundaram Finance Ltd with 9.00%, 9.32% and 9.5%

Note 32: Impact of Covid 19

The Company has considered the possible effects that may result from the pandemic relating to Covid-19 in the preparation of these standalone financial statements including the recoverability of carrying amounts of financial and non-financial assets. In developing the assumptions relating to the possible future uncertainties in the global economic conditions because of this pandemic, the Company has, at the date of approval of these financial statements, used internal and external sources of information including credit reports and related information and economic forecasts and expects that the carrying amount of these assets will be recovered. The impact of Covid-19 on the Company’s financial statements may differ from that estimated as at the date of approval of these standalone financial statements.

Note 33: Code on Security Code,2020

The Indian Parliament has approved the Code on Social Security, 2020 which would impact the contributions by the company towards Provident Fund and Gratuity. The Ministry of Labour and Employment has released draft rules for the Code on Social Security, 2020 on November 13, 2020, and has invited suggestions from stakeholders which are under active consideration by the Ministry. The Company will assess the impact and its evaluation once the subject rules are notified and will give appropriate impact in its financial statements in the period in which, the Code becomes effective and the related rules to determine the financial impact are published.

Note 34: Previous year figures have been regrouped and reclassified wherever considered necessary.