18 - ANNEXURE TO SHARE CAPITAL

- The all Equity shares of company held by directors and their relatives hence no holding - subsidary relations does exist as on reporting date.

- There are no rights, preferences and restrictions attached to any class of shares including restrictions on the distribution of dividends and the repayment of capital.

Where in respect of an issue of securities made for a specific purpose, the whole or part of the amount has not been used for the

specific purpose at the balance sheet date, Indicate below how such unutilized amounts have been used or invested._

No such issue of securities made by company_

In the opinion of the Board, all assets other than fixed assets and non current investments, have a realisable value in the ordinary course of business which is not different from the amount at which it is stated, except as stated below:

NOTE BO - EMPLOYEE BENEFIT PLAN:

(A) Defined benefit Plan

(a) Investment risk: The present value of the defined benefit plan liability is calculated using a discount rate determined by reference to Government Bonds Yield. If plan liability is funded and return on plan assets is below this rate, it will create a plan deficit.

(b) Interest risk: A decrease in the bond interstate (discount rate) will increase the plan liability.

(c) Mortality risk: The present value of the defined benefit plan liability is calculated by reference to the best estimate of the

mortality of plan participants. For this report we have used Indian Assured Lives Mortality (2012-14) ultimate table.

(d) Salary risk: The present value of the defined benefit plan liability is calculated with the assumption of salary increase rate of plan

participants in future. Deviation in the rate of increase of salary in future for plan participants from the rate of increase in salary used to determine the present value of obligation will have a bearing on the plan's liability.

The following table sets out the amounts recognised in the financial statements in respect of retiring gratuity plan:

The Company is contributing to the plan taken from LIC of India to mitigate its liability towards payment of Gratuity to the eligible employees. The liability for Gratuity payments has been set off with the fair value of plan assets (i.e. fund balance) and the net value has been recognized in the Balance Sheet accordingly.

(B) Defined Contribution Plan

In accordance with the Employee's Provident Fund and Miscellaneous Provisions Act, 1952, eligible employees of the Company are entitled to receive benefits in respect of provident fund, a defined contribution plan, in which both employees and the Company make monthly contributions at a specified percentage of the covered employees' salary. The contributions, as specified under the law, are made to the employee provident fund organization (EPFO).

Note:- Basic and diluted earnings per share are computed in accordance with Accounting Standard -20. Basic earnings per share is calculated by dividing the net profit or loss after tax for the year attributable to equity shareholders by the weighted average number of equity shares outstanding during the year. Diluted earnings per equity share are computed using the weighted average number of equity shares and dilutive potential equity shares outstanding during the year, except where the results are antidilutive. In the case of bonus issue since, the bonus issue is an issue without consideration, the issue is treated as it had occurred prior to the beginning of the year, the earliest period reported.

- All transactions with related parties are made on terms equivalent to those that prevail in arm's length transactions.

- Outstanding balances for trade receivable, trade payable and other payables are unsecured.

-The Company has not recorded any impairment of balances relating to amounts owed by related parties during the period

- The assessment is undertaken by the Company each financial year through evaluating the financial position of the related

NOTE 38 _a The Company has increased the Authorised Capital of the Company from 45,00,000 shares of face Value Rs.10/- per share aggregating Rs.4,50,00,000 to 2,00,00,000 equity shares of Face Value of Rs.10/- each aggregating to Rs.20,00,00,000/- vide Special Resolution Passed at the Extra Ordinary General Meeting held on 27/02/2024.

b. The Company has issued 85,00,000 equity bonus shares in the ratio of 2:1 to the existing shareholders of the company aggregating Rs.8,50,00,000/- vide Special Resolution Passed at the Extra Ordinary General Meeting held on 05/03/2024.

c. Company has passed the special resolution in the Extra Ordinary General Meeting held on 27/02/2024 for converting it in to Private Limited to Public Limited Company. The Company has received fresh certificate of incorporation for change of name from United Heat Transfer Private Limited to United Heat Transfer Limited on June 12, 2024.

NOTE 39 Previous Year's Figures have been rearranged and regrouped wherever practicable and considered necessary.

NOTE 40 The Management has confirmed that adequate provisions have been made for all the known and determined liabilities and the same is not in excess of the amounts reasonably required to be provided for.

NOTE 41 The balances of trade payables, trade receivables, loans and advances are unsecured and considered as good are subject to confirmations of respective parties concerned.

NOTE 42 Other Statutory Information

i) The Company does not have any Benami Property where any proceedings have been initiated or pending against the Company for holding any benami property.

ii) The Management has confirmed that the Company does not have any transaction with struck off company.

iii) As per information and explanation given by the management of the company, the Company does not have any charges or satisfaction which is yet to be registered with ROC beyond the statutory period,

No funds have been advanced or loaned or invested (either from borrowed funds or share premium or any other sources or kind of funds) by the Company to or in any other person or entity, including foreign entity ("Intermediaries"), with the understanding, whether recorded in writing or otherwise, that the Intermediary shall, whether, 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 provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries.

v) The Company has not traded or invested in Crypto currency or Virtual Currency during the period under review.

yI) No Scheme of of Arrangements has been approved by the Competent Authority in terms of sections 230 to 237 (Corporate

Restructuring) of the Companies Act, 2013. Thus reporting under this clause is not applicable.

vii) The Company does not have any subsidiaries, hence compliance with the number of layers prescribed under clause (87) of section 2 of the Act read with Companies (Restriction on number of Layers) Rules, 2017 is not applicable.

^v) No funds have been received by the Company from, any person or entity, including foreign entity ("Funding Parlies"), with the understanding, whether recorded in writing or otherwise, that the Company shall, 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 provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries.

vi) The Company has not been declared a willful defaulter by any bank or financial institution,or other lender.

NOTE 43 Amounts in the financial statements are rounded off to nearest hundreds. s

NOTE 44 Appropriate adjustments have been made in the financial statements, whenever required, by reclassification of the corresponding items of assets, liabilities and cash flow statement, in order to ensure consistency and compliance with requirement of Schedule III and Accounting Standards.