2) Amounts due to Small Scale Industrial undertakings and Micro, Small and Medium Enterprises

Based on the information and records available with the Company, no amounts are payable to small scale industrial undertakings as at March 31, 2024, which are outstanding for more than 30 days.

4) Previous Years figures have been regrouped and reclassified wherever necessary to confirm current years classification &

5) Balunces of Sundry Creditors and Loans & Advances are subject to confirmation.

With Regard to the Additional Regulatory Information as mandated under the Companies Act the following disclosures are made

_a The funds borrowed by the Company from Banks and financial institutions have been used for the specific purpose for which they were raised

The Company does not have any Benami property, and no proceeding has been initiated or is pending against the b

Company for holding any Benami property.

All the immovable properties (other than properties where the Company is the lessee and the lease agreements are duly

c executed in favour of the lessee) title deeds are held in the name of the company and Company is the sole owner of these

immovable properties

d The Company has not revalued its Property, Plant and Equipments during the year.

_e The Company has not granted any loans or advances to promoters, directors, KMPs or Related Parties either severally or

jointly

The Company has not been declared wilful defaulter by any bank or financial institution or government or any government ^g authority.

h The Company does not have any transactions with companies struck off

The Company does not have any charges or satisfaction which is yet to be registered with ROC beyond the statutory ⁱ period

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

The Company does not have any such transaction which is not recorded in the books of accounts that has been k surrendered or disclosed as income during the year in the tax assessments under the Income Tax Act, 1961 (such as, search or survey or any other relevant provisions of the Income Tax Act, 1961)

l The Company has not issued any such type of security for a specific purpose

_m The Company has not proposed or declare dividend during the year

As per Ind AS 109 (Finnacial Instruments), Financial assets are defined as any asset that is (a) cash, (b) an equity instrument of another entity, (c) a contractual right to receive cash or another financial asset from another entity or to exchange financial assets or financial liabilities with another entity under conditions that are potentially favourable to the entity; or (d) a contract that will or may be settled in entity's own equity instruments and is a non-derivative for which the entity is or may be obliged to receive a variable number of entity's own equity instruments or a derivative that will or may be settled other than by exchange of fixed amount of entity's own equity instruments.

Since the aforesaid security deposits are receivable in cash at the end of contract period therefore they are considered as financial assets

However, out of the above, deposits amounting to Rs. 4,10,100 are provided to the customers and will be refunded when the business operations are suspended or ended within the parties and since the period is uncertain and not decided within the parties therefore it is difficult to give the treatment as per Ind AS 32. Hence the same is recognised at cost

Additionally Ind AS 116, Lease, provides exclusions wherein a lessee can elect not to apply Ind AS 116's recongintion requirements to- (a) Short term leases and (b) Leases for which underlying asset is of low value.

The aforesaid deposits include security deposit amounting to Rs. 2,00,000 which is in regards to warehouse taken on rent. The said agreement of rent is for shorter period i.e. 12 months therefore the same shall fall under the scope of exclusions of Ind AS 116 hence the security deposit will be recognised at cost and expense in relation to the same will be booked through Profit and Loss Account on straight line basis over the lease term.

Further, Deposit amounting to Rs.4,00,000 is in regards to machinery taken on rent and would also fall under the scope of exclusion therefore the same is also recognised at cost.

The Company has 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 paid-up equity shares of the Company rank pari-passu in all respects including dividend. 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.

Convertible Preference Shares of Face value of Rs. 100/- on such terms and conditions including but not limited as to the rate of dividend, period and manner of redemption as the Board in its absolute discretion may determine for the purpose of agmenting the long term resource base of the company. The said prefernce shares have been converted into equity capital in the current year 2023-24

a. Nature of Security-From Banks

The term loan taken from Bank of India is secured against the factory- Land, Building and Plant and Machinery, etc located at E-10 Lote Parashuram Industrial Zone MIDC, Tal -Khed, Ratnagiri 415722

From Related Party

The directors and shareholders of the Company have provided the aforesaid interest free loan to the Company in accordance with the provisions of the Companies Act 2013

b. The Company has not made default in terms of repayment to loan from banks and financial institutions.