(A) Disclosures as per Accounting Standard 15 - Employee Benefits a. Gratuity

Details of the company’s post-retirement gratuity plans for its employees including whole-time directors are given below, which is certified by the actuary and relied upon by the auditors.

(i) Valuation Method : Projected unit credit Method

b. Compensated Absences

As per the policy followed by the company, amounts payable towards compensated absences are paid to the employees on calendar year basis and no leaves are carried forward. For the amount due upto the March 31, 2023 has been provided for in the books of accounts.

(H) Balances of Trade Payables and Receivables to/from various parties/authorities, and Loans & advances are subject to confirmation from the respective parties, and necessary adjustments if any, will be made on its reconciliation.

(I) In the Opinion of the Board of Directors the aggregate value of current assets, loans and advances on realization in ordinary course of business will not be less than the amount at which these are stated in the Balance Sheet.

(J) Significant Events Occuring After the Balance Sheet Date

There is no significant subsequent event that would require adjustments or disclosure in the financial statements as on the balance sheet date.

(K) As the Company's business activities fall within single primary business segment and in the opinion of the management there does not exist separate reportable geographical segment, the disclosure requirements of Accounting Standard 17 - “Segment Reporting”, issued by the Institute of Chartered Accountants of India are not applicable.

(L) The company does not have any pending litigation on its financial position in its financial statements.

(M) Previous year’s figures have been re-arranged and re-grouped, wherever necessary to make them comparable with those of current year.

(N) Additional Regulatory Disclosures As Per Schedule III Of Companies Act, 2013.

Additional Regulatory Information required for preparation of Balance Sheet as given in Companies Act, 2013.

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

b) The Company has Fund-based and Non-fund-based limits of Working Capital from Banks and Financial institutions. For the said facility, the submissions made by the Company to its lead bankers based on closure of books of accounts at the year end, the quarterly returns or statements comprising stock statements, statement of trade receivables and trade payables and ageing analysis of the debtors/other receivables, and other stipulated financial information filed by the Company with such banks or financial institutions are generally in agreement with the unaudited books of account of the Company of the respective quarters and no material discrepancies have been observed.

c) The Company has not been declared as a willful defaulter by any lender who has powers to declare a company as a willful defaulter at any time during the financial year or after the end of reporting period but before the date when the financial statements are approved.

d) The Company has not entered the transaction with companies struck off under section 248 of the Companies Act, 2013 or section 560 of Company Act, 1956.

e) There is no Indian Subsidiary Companies, hence disclosure as prescribed under clause (87) of section 2 of the Companies Act 2013 read with Companies (Restrictions on number of Layers) Rules, 2017 is not applicable.

f) The Company has 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;

(i) 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

(ii) Provide any guarantee, security or the like to or on behalf of the Ultimate Beneficiaries.

g) The Company has not received any funds 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;

(i) 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

(ii) Provide any guarantee, security or the like to or on behalf of the Ultimate Beneficiaries.

h) The Company does not have any transactions which is not recorded in the books of accounts but has been 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).

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

j) There is no Contingent Liabilities & Commitment as on 31.03.2024

k) No such assets held by the company for which Title deeds of Immovable Properties not held in name of the Company.

l) There is no Loans or advances granted to the Promoters, directors, KMP and the relative of their during the period.

m) Company has register all it's charges within time or extenteded time period given in the companies act, 2013.

(P) Issue of Shares

i) Issue of Equity shares through IPO:

The Company has completed Initial Public Offer of 51,66,000 Equity Shares of the face value of Rs.10 each at an issue price of Rs.100 per Equity Share, comprising fresh issue of 51,66,000 shares aggregating to Rs. 516.60 Million. The Equity Shares of the Company were listed on 03rd November, 2023 on SME Plateform of NSE Limited.

ii) IPO Expenses:

The total IPO Expenses incurred Rs.476.59 Lakhs has been adjusted against securities premium account.

iii) Utilisation of proceeds from IPO: