The company has only one Class of Shares referred to as Equity Shares having par value of Rs. 10/-. Each holder of Equity Shares is entitled to one vote per share. In the event of liquidation of company, the holder of equity shares will be entitled to receive any of the remaining assets of the company, after distribution of all the preferential amounts. The distribution will be in proportion to the number of equity shares held by the shareholders.

During the Financial Year 2022-23, the Company has issued 5,00,000 5% Optionally Convertible Debentures ("OCD") of FV 10/- each and the same had been accounted in the Books of Accounts using split accounting as prescribed underapplicable Ind AS by splitting the respective Equity and Debt Components of the OCDs. The said Equity and Debt Components of the OCDs were reflecting under Other Equity and Unsecured Loans, respectively, in the Financial Statements for the Financial Year 2022-23.

As per the clarification provided by the management, during the Financial Year 2023-24, the Company has received the consent letters from the allottees of OCDs for availing the option for redemption of Debentures on completion of 2 years on 06/04/2024 instead of conversion of the OCDs into Equity Shares. Pursuant to the said consent from the allottees, the Board of Directors vide its Resolution dated 26/10/2023, approved the restructuring of the OCDs to Non-Convertible Debentures due for redemption on 06/04/2024. Necessary adjustments entries to close the OCDs and transfer the amounts to Non-Convertible Debentures Account have been passed in the Books of Accounts.

The NCDs were due for redemption within 31/03/2025. However, the tenure expired on 06/04/2024 and as on date of signing the Financial Statements, the NCDs were redeemed and transferred to the reserves.

The Ministry of Micro, Small and Medium Enterprises has issued an office memorandum dated 26 August 2008 which recommends that the Micro and Small Enterprises should mention in their correspondence with its customers the Entrepreneurs Memorandum Number as allocated after filing of the Memorandum in accordance with the 'Micro, Small and Medium Enterprises Development Act, 2006' ('the Act'). Accordingly, the disclosure in respect of the amounts payable to such enterprises as at 31 March 2025 has been made in the financial statement based on information received and available with the Company. Further in view of the Management, the impact of interest, if any, that may be payable in accordance with the provisions of the Act is not expected to be material. The Company has not received any claim for interest from any supplier as at the Balance Sheet date.