The company has only one class of shares having a par value of Rs. 10/- each. Each shareholder is eligible for one vote per share. The dividend proposed by the Board is subject to the approval of shareholders except in case of interim dividend. In the event of liquidation, the equity shareholders are eligible to receive the remaining assets of the company in proportion to their shareholding after distribution of all preferential amounts.

Nature of Security :

*The loans are secured through hypothecation charge of Stocks, Book debts and Plant and Machinery situated at Gat No 13/1, Umarde, Erandol, Jalgaon -425109.

a) The above Working Capital finance from Bank of Baroda has been secured by hypothcation of stock of all type of Raw Materials,Finished Goods,Work in Progress,Chemicals, Stores & Spares, BookDebts, & Goods in Transit etc.)

27 In the opinion of the Board, the Current Assets, Loans and Advances are approximately of the value stated if realised in the ordinary course of business. Provision for all known liabilities is adequate and not in excess of the amount reasonably necessary.

28 Debit and Credit balances in party accounts are subject to confirmations.

29 Under the Micro, Small and Medium Enterprises Development Act, 2006 which came into force on October, 2006, certain disclosures are required to be made relating to Micro, Small and Medium Enterprises. The Company is in process to compile the relevant information and put in place the system to make the information readily available. In absence of information, no disclosures have been made in the Books ofAccounts.

30 There was no employee throughout the financial year orfor a part of the financial year, who was in receipt of remuneration in aggregate of Rs. 60/- Lakh or more, per annum orRs. 5/- Lakh or more, permonth.

34 Employee Benefits:

In accordance with AS-15 Retirement benefits, the company has contributed an amount of Rs.5.32 Lakh (Previous year Rs. 4.32 Lakh) to the Provident Fund, which is recognised as an expense.

37 Segment Reporting:

The Company’s only identifiable reportable Business segment is Manufacturing and Trading of Refined Oil and Raw Oil. Further, the Company operates and controls its business activities within/from India , except export of goods. Hence disclosure of Segment wise information is not applicable underAccounting Standard -17 “Segment Information” (AS-17)

38 Corporate Social Responsibility:

As per Section 135 of the Companies Act, 2013, a company, meeting the applicability threshold, needs to spend at least 2% of its average net profit for the immediately preceding three financial years on corporate social responsibility (CSR) activities. A CSR committee has been formed by the company as per the Act. Following are the disclsures in respect of CSR expenditure by the Company:

39 Other Statutory Information

(i) As on March 31,2024 there is no untilised amounts in respect of any issue of securities and long term borrowings from banks and financial institutions. The borrowed funds have been utilised for the specific purpose for which the funds were raised.

(ii) The Company do not have any transactions with struck off companies

(iii) The Company do not have any Benami property, where any proceeding has been initiated or pending against the Company for holding any Benami property.

(iv) The Company has not traded or invested in Crypto currency or Virtual Currency during the financial year.

(v) The company has not revalued Property, Plant and Equipment during the year.

(vi) No charges are pending for registration or satisfaction with the Registrar of Companies (ROC).

(vii) The Company have not advanced or loaned or invested funds to any other person(s) or entity(ies), including foreign entities (Intermediaries) with the understanding that the Intermediary shall: (a) 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 (b) provide any guarantee, security or the like to or on behalf of the Ultimate Beneficiaries.

(viii) The Company have not received any fund from any person(s) or entity(ies), including foreign entities (Funding Party) with the understanding (whether recorded in writing or otherwise) that the Company shall: (a) 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 (b) provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries.

(ix) The Company have not any such transaction which is not recorded in the books of accounts that has been surrendered or disclosed as income during the year in the tax assessments underthe IncomeTaxAct, 1961 (such as, search or survey or any other relevant provisions of the IncomeTaxAct, 1961.

(x) The Company has not been declared as wilful defaulter.

(xi) The Company is in compliance with the no. of layers as prescribed under clause (87) of section 2 of The Companies Act, 2013 read with the Companies (Restriction on Number of Layers) Rules, 2017.

(xii) During the year, no Scheme of Arrangement has been formulated by the Company/ pending with competent authority.

*The Board of Directors of the Company has allotted the Bonus Shares in the ratio of 1:1 as on 30th October, 2023. Hence, in pursuance of Accounting Standard - 20 (AS - 20) "Earnings Per Share" the same has been considered for the computation of Basic and Diluted EPS and inline of AS - 20, for the purpose of rational comparision, the Basic and Diluted EPS have been computed as if the Bonus Shares are issued as on the 01 stApirl of the Previous year.

41 Previous year’s figures have been regrouped / reclassified wherever necessary to correspond

with the current year’s classification / disclosure.