o. Provisions, Contingent Liabilities and Contingent Assets

Provisions are recognized when the Company has a present legal or constructive obligation as
a result of past events, it is probable that an outflow of resources will be required to settle the
obligation, and a reliable estimate of the amount can be made.

Contingent liabilities are disclosed in respect of possible obligations that arise from past events
and the existence of which will be confirmed only by the occurrence or non-occurrence of one or
more uncertain future events. No provision is made for a liability which is contingent in nature but
if material, the same is disclosed by way of notes to the accounts.

Term/ Right attached to the Equity shares

1) The Company has only one class of equity shares having par value of Rs.10/- per share. Each
equity shareholder is entitled for one vote per share.

2) During the period of last 5 years, the company has issued 61,40,575 Bonus shares in the ratio of
3.5:1 in F.Y. 2022-23 and has not bought back any shares.

3) Company had issued 13,86,000 no. of Convertible Equity Shares Warrants which is not listed and
would get converted within 18 (Eighteen) months from the date of allotment i.e. 24.06.2024.
Out of which 3,57,000 no. of Warrants have been converted into 3,57,000 no. of Equity Shares
on 22.10.2024 and Balance 10,29,000 no. of Warrants have been converted into 10,29,000 no. of
Equity Shares on 10.02.2025.

4) During the year, Company raised ^ 554.40 Lakhs from the above mentioned preferential issue.
Out of which ^ 113.70 Lakhs was utilised for the purpose of issue and balance ^ 440.70 Lakhs
unutilised amount has been retain by the company and Fixed Deposit of ^ 440 Lacs has been
created for the same.

5a Term loan from SIDBI was taken during the financial year 2024-25 and carries interest @ 8% p.a. The loan is
repayable in 54 equitable monthly instalments along with interest. The loan is secured by hypothecation of assests
acquired under the Solar projects of the comapny on First Charge Basis and Collateral securities as Lien on SIDBI
FD of R 31.08 Lakhs.

Further, the loan has been guaranteed by the Executive Directors.

The Company has obtained term loan from SIDBI during the financial year 2024-25. As per the Loan Agreement
the said Loan was taken for the Purpose of acquisition and installation of roof top solar power plant from Becquer
Energy Pvt Ltd (Solar Project). The company has used such borrowings for the purposes as stated in the loan
agreement.

Note 32: Details of Benami Property held

As per information and explanation given us by management, no proceedings has been intitated or pending against
the Company for holding any Benami property under the Benami Transactions (Prohibition) Act, 1988.

Note 33: Wilful Defaulter

As per information and explanation given us by management, Company is not declared as willful defaulter by any
Bank or financial Institution or any other lender.

Note 34: Relationship with Struck off Companies under section 248 of the Companies Act, 2013

As per information and explanation given us by management, Company has not inccured any transactions with
Companies struck off under section 248 of the Companies Act 2013 or section 560 of the Companies Act 1956.

Note 35: Compliance with approved Scheme(s) of Arrangements

There is no scheme of arrangements which has been approved by the Competent Authority in terms of Sections
230 to 237 of the Companies Act, 2013 in respect of the Company.

Note 36: Compliance with number of layers of companies

The company does not have any layer of Companies as prescribed under clause (87) of section 2 of the Act read
with the Companies (Restriction on number of Layers) Rules, 2017.

Note 37: Registration of charges or satisfaction with Registrar of Companies

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

Note 38: Utilisation of Borrowed Funds

The Company has utilised the borrowings from banks and financial institutions for the specific purpose for which
it was taken at the balance sheet date and no default has been made regarding the same.

Note 39: Undisclosed income

As per information and explanation given us by management, Company is not having any transaction which is not
recorded in books of accounts of Company which has been surrendered in tax assessments under IncomeTax Act
1961.

Note 40: Details of Corporate Social Responsbility

As per the limits prescribed under section 135 of Companies Act 2013, Corporate Social Responsbility clause is not
applicable on the company during current Financial year.

Note 41: Details of Crypto Currency or Virtual Currency

As per information and explanation given us by management, Company has not dealt/traded/invested in the
Crypto Currency or Virtual Currency during current Financial year.

As per our report of even date For and on behalf of Board

For S. Jaykishan

Chartered Accountants
FRN : 309005E

CA. B.K. Khaitan Mohan Lal Parakh Hukum Chand Bothra

PARTNER (Chairman & Whole Time Director) (Managing Director)

Membership No: 052469 DIN: 02186254 DIN: 00550653

Sanjay Kumar Singh Parul Mantri

Place: Kolkata (Chief Financial (Company Secretary &

Dated: 24-05-2025 Officer) Compliance Officer)

UDIN: 25052469BMNWTX3687 PAN: ATOPS9732Q Membership No: 64689