(d) The company has a single class of equity shares having par value of Rs. 10f- per equity share All shares rank pari passu with refrence to all rights relating thereto. The dividend proposed, if any, by the Board of Directors is subject to the approval of the shareholders in the ensuing Annual General Meeting, except in case of interim dividend In the event of liquidation, the equity shareholders are eligible to receive the remaining assets of the company after distribution of all the preferential amounts, in proportions to their shareholding.

(The figures reported above are excluding (net-off) amounts repayable within 12 months reported under Note 9 Short Term Borrowings as Current Maturities of Long Term Debt)

Secured Loans :

The Term loans obtained from Axis Bank are secured against hypothecation of the respective assets for which they were obtained as well as equitable mortgage on Factory Land & Building & also by the personal guarantee of the two Directors of the company

Unsecured Loans:

The amount taken as unsecured loans from Directors are usually payable on demand but the company reserves its right to defer the payment of the same for a period exceeding 12 months.

Working Capital Loans :

The Bank Facilities of Working Capital such as Cash Credit. Working Capital Demand Loan. Letters of Credit and Bank Guarantee are obtained from Axis Bank and are secured by hypothecation of Company's entire Stocks of Raw Materials. Semi-Finished and Finished Goods, Consumable Stores and Spares. Book Debts as well as by the personal guarantee of the two executive directors of the Company as a Primary Security Rate of Interest therein is Repo Rate 2.0% i.e 8 50% Collateral Security to these limits is hypothecation of charge on entire movable Fixed Assets of the Company including Plant &jtachinery, Furniture and Fixtures etc.

Sundry Creditors are as per books and have not been corroborated by circulation / confirmation of balances Disclosures required under Micro, Small and Medium Enterprises Development Act, 2006

Trade Payables includes Rs 65,38/- (P Y Rs 87,66/-) outstanding to Micro and Small Enterprises The above information has been compiled in respect of parties to the extent they could be identified as Micro and Small Enterprises on the basis of information available with the Company regarding the status of registration of such vendors under the said Act, as per the intimation received from them on requests made by the Company

The Company deals with various Micro and Small Enterprises on mutually accepted terms and conditions Accordingly, no interest is payable if the terms are adhered to by the Company Consequently, no interest has been paid or is due and no provision for interest payable to such units is required or has been made under Micro, Small and Medium Enterprises Development Act, 2006,

Balance shown In GST Input and GST Output Ledgers under the head Loans & Advances / Current liabilities may not necessarily reconcile with the GSTR3B and GSTR1 returns filed by the company and credits appearing in GSTR2A as per filings done by suppliers of the company. The same are subject to reconciliation and rectification wherever necessary and shall be finalized at the time of filing of Annual Return by the Company The Current GST Input Credit / GST output Liabilities are stated based on the books of accounts maintained by the Company Financial Impact on account of such reconciliation / rectification shall be quantified and accounted for only at the time of finalization of the GST Annual Return & Reconciliation i'Statement i e. GSTR-9 & 9C of the Company

24 The Company has used the Borrowings from Banks and/ or Financial institutions for the purpose for which they were taken as at the Balance Sheet date

25 In the opinion of the Board, all assets which are considered good (other than Property. Planl & Equipment and Non- Current Investments) are expected to realise at least the amount at which they are stated, if realised in the ordinary course of business Further in the opinion of the Board provision for all known liabilities has been adequately made in the accounts and as per management experience and estimates, no additional provisions are required

(i) There are no immovable properties (other than properties where the Company is a lessee and the lease agreements are duly executed in favour of the lessee) whose title deeds are not held in the name of the Company

(ii) The Company has not revalued its Property, Plant and Equipment

(iii) The Company has not granted any Loans or Advances in the nature of loans to Promoters. Directors, KMPs and Related Parties either severally or jointly with other persons.

(b) As on the date of the balance sheet, there are no capital work-in-progress projects whose completion is overdue or has exceeded the cost, based on approved plan

(b) As on the date of the balance sheet, there are no Intangible Assets under Development projects whose completion is overdue or has exceeded the cost, based on approved plan

(vi) No proceedings have been initiated or are pending against the Company for holding any benami property under the Benami Transactions (Prohibition) Act, 1988 (45 of 1988) and the Rules made thereunder

(vii) The Company has been sanctioned Working Capital Limits of ? 1,000 which are inter-alia against security of current assets. The Company has filed the Statements of Current Assets on quarterly basis.

On comparing the amounts appearing in the Statements filed at the end of each Quarter as against those appearing in the books there were some differences in the amounts shown as Inventory / Trade Receivables. A summary of the differences and reconciliation thereof is as under:

As such the Company, being a private company, is not required to prepare quarterly financial statements. The quarterly statements are submitted based on unaudited data as at each quarter end As against the same, the amounts appearing in the above table as per books are the final audited numbers. As such, the only discrepancy in case of the Book Debts is for Quarter ended March, 2024. In the quarter ended March, 2024, provision for doubtful debts was created against certain disputed receivables during the course of audit which were treated as receivables in submission with Bank. In case of Inventories for the quarter ended March, 2024, while providing the total inventories to the Bank, Stock in Transit and certain other stores and spares were not considered. As such, the discrepancies did not have effect on the amounts drawn against the sanctioned limits.

(viii) The Company has never been declared as a Wilful Defaulter by any bank or financial institution or other lender.

(ix) The Company has not entered into any transactions with Struck-off Companies.

(x) There are no charges or satisfaction yet to be registered with Registrar of Companies beyond the statutory period or otherwise.

(xi) The Company has not made any downstream investments in any other Companies.

(xii) There was no Scheme of Arrangements during the year

(xiii) 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 understanding (whether recorded in writing or otherwise) that the intermediary shall directly or indirectly lend or invest in other person or entities identified in any manner whatsoever by or on behalf of the company (Ultimate Beneficiaries) or provide any guarantee, security or the like to or on behalf of the Ultimate Beneficiaries

(xiv) 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 person or entities identified in any manner whatsoever by or on behalf of the funding party (Ultimate Beneficiaries) or provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries

(xv) The Company has paid Final Dividend of ? 51.70 (P.Y. ? 66.73) and Interim Dividend of ? Nil (P.Y. ? 32.16) to non-resident shareholder.

Directors' Remuneration including Incentives and Bonus of Rs 1 38/- (P Y Rs 1 87/- including arrears for FY 2021 -22 of Rs 50.00/-) paid during the year to the Managing Director, is as per the provisions of Section 197 read with Part II of Schedule V of the Companies Act, 2013 upon duly obtaining the requisite approvals mandated therein Additionally perquisite of Rs 9 38/- (P.Y Rs 11 79/-) is granted to the MD and he is also considered eligible for Gratuity, Leave Encashment and for contributions to PF

44 R&D Expenses

The company carries on in-house Research & Development (R&D) for development of new product range as well as upgradation / increasing efficiency of existing product range. During the year, the company has also obtained approval of its R&D Unit(s) from Department of Scientific and Industrial Research (DSIR) Expenses directly attributable to R&D activity have been presented under the head "R&D Expenses" under Note 35 Other Expenses to the extent identifiable The Company would also have incurred other costs in terms of portions of common expenditures and overheads toward the aforesaid Research & Development activities during the year However, the same have not been separately segregated

Providend Fund and ESI dues paid during the year being defined contributions have been charged to the Profit and Loss Account

The Company's policy of Leave Encashment is a short-term compensation plan as it pays off the employees against their accumulated leave on a yearly basis Accordingly, amount of Rs. 2.43/- (P.Y 7.17/-) towards Leave Encashment during the year has been debited to P&L account and total of Rs 5 87/- (P.Y. 10.60/-) is appearing as liability in the financial statements

The Company has defined benefit Gratuity plan The Company has availed the services of acturial valuation for creating a provision towards Gratuity and accordingly the amount towards Gratuity is provided for as per the actuarial valution report During the year, the company has created a plan asset by making contribution towards Gratuity Fund maintained with Life Insurance Corporation of India to the tune of Rs. 11.34/- (P.Y. 11 03/-) which has been shown as a deduction form the Present Value of Gratuity Obligations as per the Actuarial Valuation Report

48 BORROWING COSTS

The Borrowing Costs capitalized during the year worked out to be Rs, 13 01/- (P Y 4.21/-) being interest on Term Loan Capitalised to Capital Work in Progress relating to Plant & Machinery and Building

49 DISCLOSURE ON LEASES

The Company has taken certain premises / vehicles under operating lease or leave and license agreement The lease terms in respect of such premises is on basis on individual agreement with respective owners

51 IMPAIRMENT OF ASSETS

As a tool to measure to the value of fixed assets, the Company has considered the technical Valuation carried out by expert. In terms of the same and further in absence of any indications, external or internal, as to any probable impairment of assets, no provision has been made for same during year under report

52 CRYPTO CURRENCY / VIRTUAL CURRENCY

The Company has not traded or invested in Crypto Currency or Virtual Currency during the Financial Year

53 UNDISCLOSED INCOME

There are no transactions which are not recorded in books and have been surrendered or disclosed as income during the year in Income Tax Assessments

54 The various amounts disclosed in Notes to Financial Statements are rounded off to nearest Lakhs.

55 The figures in respect of previous year have been regrouped / recast wherever necessary to confirm the current year classification.