(b) Terms/ rights attached to equity shares

The Company has only one class of equity shares having a par value of Rs.10 per share. Each holder of equity share carries one vote and is entitled to dividend that may be declared by the Board of Directors, which is subject to the approval of the shareholders in the Annual General Meeting.

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.

Securities for term loans

a) Vehicle loan of Rs. 3.30 Lakhs (Previous year :- Rs. 10.39 lakhs) from banks secured by hypothecation of vehicle.

Term of Repayment

a) Vehicle loan of Rs. 3.30 Lakhs repayable in 36 monthly installments upto November 2024.

b) Range of interest on borrowings is between 8% to 9.45%.

6. Provisions

The liabilities recognised for employees consist of the following amounts:

(i) Defined benefit plan

The Company has gratuity as defined benefit retirement plan for its employees. Disclosures as required by Accounting Standard - 15 (Revised) for the year ended 31 March 2024 are as under :

The estimates of future salary increases, considered in actuarial valuation, takes account of inflation, seniority, promotion and other relevant factors such as supply and demand in the employment market.

Security clause

Cash Credit and Buyers Credit from Kotak Mahindra Bank secured by Industrial unit located at plot no. IP-1, Gowribidanur Industrial Area, Kudumalakunte Village, Kasaba hobli, Gowribidanur Taluka, Chikkaballapur District, Karnataka 561208 owned by Company and Vacant land located at Site no. 16 and 16A Global Garden City of Kambipura village, Kengeri Hobli, Bangalore 560060 owned by Mrs. Ashwini D A along with personal guarantee Mr. D N Anil Kumar and Mrs. Ashwini D A.

iii) Related party transactions and outstanding balances

The following table provides the total amount of transactions that have been entered into with the related parties for the relevant financial year and the outstanding balances as at March 31, 2024 and March 31, 2023:

32. Capital commitment and contingent liabilities

a) Capital commitment

There are no capital commitment outstanding as at reporting date (as at March 31, 2024: Nil).

b) Contingent liabilities

There are no contingent liabilities

33. Summary of Submissions to Banks and its comparision against books of accounts

34. Additional Notes

(a) The title deeds of immovable properties (other than properties where the Company is the lessee and the lease agreements are duly executed in favour of the lessee) are held in

the name of the Company.

(b) The Company does not have any investment property.

c) The Company has not revalued its Property, Plant and Equipment (including Right-of-Use Assets) and Intangible assets.

D) There are no loans or advances in the nature of loans are granted to Promoters, Directors, KMPs and their related parties (as defined under Companies Act, 2013), either severally or jointly with any other person, that are outstanding as on 31st March, 2024:

E) The company is not declared willful defaulter by any bank or financial institution or other lender.

F) The company has not undertaken any transactions with companies struck off under section 248 of the Companies Act, 2013 or section 560 of Companies Act, 1956.

G) No Scheme of Arrangements has been approved by the Competent Authority in terms of sections 230 to 237 of the Companies Act, 2013.

H) The company has not advanced or loaned or invested funds (either borrowed funds or share premium or any other sources or kind of funds) to any other person(s) or entity(ies), including foreign entities (intermediaries) with the undrstanding (whether recorded in writing or otherwise) that the Intermediary shall directly or indirectly lend or invest in other persons or entities identified in any manner whatsoever (Ultimate Beneficiaries) by or on behalf of the company or provide any guarantee, security or the like to or on behalf of the Ultimate Beneficiaries.

l) The company has 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 directly or indirectly lend or invest in other persons or entities identified in any manner whatsoever (Ultimate Beneficiaries) by or on behalf of the Funding Party or provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries.

j) No transactions has been surrendered or disclosed as income during the year in the tax assessment under the Income Tax Act, 1961. There are no such previously unrecorded income or related assets.

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

L) The Provision of Section 135 of the Companies Act 2013 in relation to Corporate Social Responsibility are not applicable to the Company during the year and hence reporting under this clause is not applicable

"ly 36. The Company j^ias considered the business segment as the primary \ -"'reporting seg mention the basis that the risk and returns of the Company is >7' primarily determined by the nature of products and services. Consequently, they y ".'geographical Segment has been considered as a secondary segment. The' ' business segment have been identified on the basis of the nature of products y ''' and services, the risks and returns, internal organisation and management ''''structure:and;:the internal performance reporting systems. The Business V segment . comprises of manufacturing and Selling of Adhesive Tapes.

7 Geographical segment is considered based on sales within India and outside India. -//-V-.Y

37. Previous year figures have been regrouped/rearranged whenever necessary to conform to this current year's classification.