(O) Provisions, Contingent Liability and
Contingent Assets
Disputed liabilities and claims, against the
company including claims raised by fiscal
authorities pending in appeal / court for which no
reliable estimate can be made and / or involves
uncertainty of the outcome of the amount of the
obligation, are not provided for in the accounts
but disclosed in notes to accounts.
(P) Earnings Per Share
For the purpose of calculating basic earnings
per share, the net profit or loss for the period
attributable to equity shareholders after
deducting any attributable tax thereto for the
period is divided by weighted number of equity
shares outstanding during the period.
For the purpose of calculating diluted earnings
per share, the net profit or loss for the period
attributable to equity shareholders and the
weighted average number of shares outstanding
during the period are adjusted for the effects of
all dilutive potential equity shares (if any).
Notes:-
Punjab National Bank (under item no (a) above) :-
Secured against hypothecation of raw material, stores, semi-finished goods & finished goods and Book Debts and
colletarally secured against Eq. mortgage of land & building of Nizamabad unit,lease rights on land of malda unit, building
constructed there on and the P & M and other fixed assets of the Nizambad & Malda units.
Citi Bank NA (under item no (b) above):-
Secured against charge on a part of land located at G T Road, Phagwara
Current maturity of long Term Borrowing / Loan was Secured against Hyp. of Plant & Machinery and other movable fixed assets
of Rehana Jattan Unit & colleterally secured against First Pari Passu charge on Plant & Machinery and other movable fixed
assets & equitable Mortgage of land and building of Gurplah Unit, during the previous year and NIL during the current year.
4. Contingent Liabilities not provided for include :
(i) LCs / Bank Guarantees / Corporate Guarantee / Bond :
(a) The Company has issued LCs / Bank Guarantees for H 10.22 Crores (Previous Year H10.22 Crores) in favour of
West Bengal State Electricity Board & Himachal Pradesh State Electricity Board for power connection of
Malda unit & Gurplah unit and for import of machinery / machinery parts etc.
(b) The Company has executed a common Bond of H 9 Crores (Previous year H 9 Crores) in favour of Assistant
Commissioner of Customs/ Customs & Excise for availing exemption against import of machinery under
EPCG scheme. The Company is fulfilling the export obligation under EPCG scheme of the Central
Government against import of capital goods at concessional rates. The pending Export obligation appeared
at H 64.69 Crores as on 31.03.2026 (Previous year H 69.49 Crores) to be fulfilled in the period of next 3 years.
The direct exports of the company appeared at H 2.09 Crores during the current year (PY H 0.94 Crores).
16. ADDITIONAL REGULATORY INFORMATION / DISCLOSURE AS PER SCHEDULE III TO THE COMPANIES
ACT, 2013:
(i) The Company does not have any benami property held in its name. No proceedings have been initiated or are
pending against the Company for holding benami property under the Benami Transactions (Prohibition) Act,
1988 (45 of 1988) and Rules made thereunder.
(ii) The quarterly / monthly statements / information of current assets filed by the company with banks are in
agreement with the books of accounts.
(iii) The company has not used the borrowings for any purpose other than the specified purpose of the borrowings.
The funds raised on short term basis have not been utilised for long term purposes during the year.
(iv) There is not default in terms of repayment of any loan i.e either principal or interest thereon.
(v) The Company has not been declared wilful defaulter by any bank or financial institution or other lender or
government or any government authority.
(vi The Company has complied with the requirement with respect to number of layers, prescribed under section
2(87) of the Companies Act, 2013 read with the Companies (Restriction on number of layers) Rules, 2017.
(vii) Utilisation of borrowed funds and share premium :
(i) 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:
(a) Directly or indirectly lend or invest with 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.
(ii) 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 :
(a) Directly or indirectly lend or invest with 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.
(viii) There is no income surrendered or disclosed as income during the year in tax assessments under the Income
Tax Act, 1961 (such as search or survey), that has not been recorded in the books of account.
(ix) The Company has not traded or invested in crypto currency or virtual currency during the year.
(x) The company had no transaction during the year with the companies struck off u/s 248 of The Companies Act,
2013 or u/s 560 of The Companies Act, 1956.
(xi) The Company had no Intangible asset under development at the end of the year.
(xii) The Company does not have any charges or satisfaction of charges which are yet to be registered with Registrar
of Companies beyond the statutory period.
(xiii) The financial statements have been approved by the Audit Committee and the Board of Directors at their
respective meetings held on 27th May, 2026.
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