(b) Rights, preferences and restrictions attached to shares:

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

31F Utilisation of borrowings availed from banks and financial institutions

The borrowings obtained by the company from banks and financial institutions have been applied for the purposes for which such loans were taken

31G Borrowing secured against current assets

The company has availed the borrowings from banks on the basis of security of current assets. The quarterly returns or statements of current assets filed by the company with banks are in agreement with the books of accounts.

31H Relationship with struck off companies

The Company has no transactions with the companies struck off under section 248 of the Companies Act, 2013.

31I Registration of charges or satisfaction with Registrar of Companies (ROC)

There are no charges or satisfaction yet to be registered with Registrar of Companies (ROC) beyond the statutory period.

31J Undisclosed Income

There is no income surrendered or disclosed as income during the current or previous year in the tax assessments under the Income Tax Act, 1961, that has not been recorded previously in the books of account except as mentioned & disclosed in Note No 41 to Standalone Financial Statements.

31K Title Deeds of Immovable Properties

The title deeds of all the immovable properties, as disclosed in Note No.13 to the financial statements, are held in the name of the company

31L Valuation of Property Plant & Equipment, Intangible Asset

The company has not revlaued its property, plant and equipment or intangible assets or both during the current or previous year.

31M Loans or advances to specified persons

No loans or advances in the nature of loans granted to promoters , directors, KMPs and the related parties (as defined under Companies Act,2013), either severally or jointly with any other person, that are repayable on demand or without specifying any terms or period of repayment.

31N Details ofbenami property held

No proceedings have been initiated on or pending against the company for holding benami property under the Benami Trnasactions (Prohibition) Act, 1988 and rules made thereunder.

31O Wilful Defaulter

The Company has not been declared wilful defaulter by any bank or financial insitution or other lender.

31P Compliance with number of layers of companies

The company has complied with the number of layers prescribed under Section 2(87) of Companies Act, 2013 read with Companies(Restrction on number of layers) Rules, 2017.

31Q Details of Crypto currency or virtual currency

The company has not traded or invested in Crypto Currency or virtual currency during the current or previous year.

31R Utilisation of borrowed funds and share premium

No funds have been advanced or loaned or invested (either from borrowed funds or share premium or any other sources or kind of funds) bythe company to or in any other person or entity, including foreign entities ("intermediaries") with the understanding, whether recorded inwriting or otherwise, that the intermediary shall lend or invest in party identified by or on behalf of the company (Ultimate beneficiaries). Thecompany has not received any fund from any party (Funding Party) with the understanding that the company shall whether, directly orindirectly lend or invest in other persons or entities identified by or on behalf of the company ("Ultimate Beneficiaries") or provide anyguarantee, security or the like on behalf of the Ultimate Beneficiaries.

31S Compliance with approved scheme(s) of arrangements

The Company has not entered into any scheme of arrangement which has an accounting impact on current or previous financial year.

41 a) Sri Nagaveer Adusumilli, holds 5 Equity Shares in Polarcube Cold Storage Solutions (P) Ltd., Wholly Owned Subsidiary, in

compliance of Sec.3 of Companies Act, 2013 and the benefecial ownership lies with the company.

b) Sri Nagaveer Adusumilli, holds 5 Equity Shares in Squarepeg Distribution Services (P) Ltd., Wholly Owned Subsidiary, in compliance of Sec.3 of Companies Act, 2013 and the benefecial ownership lies with the company.

42 In the opinion of the Board, current assets, loans and advances are stated at a value, which could be realized in the ordinary course of business. The provision for all known liabilities made is adequate and not in excess of the amount reasonably necessary.

43 Some of the balances in Sundry Debtors, Sundry Creditors, Advances, Deposits, Secured loans and Unsecured Loans are subject to confirmation, reconciliations and adjustments, if any, which in the opinion of the management will not be significant.

44 The figures of the previous year are re-grouped / re-classified wherever necessary to make them comparable with that of the current year classification.