1.22 OTHER STATUTORY INFORMATION

(i) Company does not have any benami property, where any proceeding has been initiated or pending against the company for holding any benami property.

(ii) The Company has not traded or invested in Crypto currency or virtual currency during the financial year.

(iii) The company has not advanced or loaned funds to any person or entities, including foreign entities (Intermediaries) with the understanding that the intermediary shall:

(a) 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

(b) Provide any guarantee, security or the like to or on behalf of the ultimate beneficiaries other than in the ordinary course of the business.

(iv) The Company has not received any funds from any person or entities, including foreign entities other than those disclosed above with the understanding that the company shall:

(a) 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

(b) Provide any guarantee, security or the like to or on behalf of the ultimate beneficiaries.

(v) The company does not have any transactions which is not recorded in the books of accounts that has been surrendered or disclosed as income during the year in the tax assessments under the Income Tax Act, 1961 (such as, search or survey or any other relevant provisions of the Income Tax Act, 1961).

(vi) The company has no transactions with stuck off companies during the year.

(vii) Term loans were applied for the purpose they were obtained. Further, short term loans availed have not been utilized for long term purposes by the company.

(viii) The Company has not been declared as wilful defaulters by any bank or financial institutions of government of any government authority.

1.23 Figures have been rounded to nearest Lacs Rupee.

The company has only one class of shares referred to as equity shares having a par value of Rs. 10/Each holder of one equity share is entitled to one vote per share.

In the event of liquidation of the Company, the holders of the shares shall be entitled to receive any of the remaining assets of the Company, after distribution of all preferential amounts. However, no such preferential amounts exist currently. The amount distributed will be in proportion to the number of equity shares held by the shareholders.

NOTE 23. BEING PART OF NOTES ON ACCOUNTS

• Particulars of employees who are in receipt of Rs. 60,00,000 per annum when employed throughout the

Financial year or Rs. 5, 00,000 per month when employed for the part of year: Nil (2023-24: Nil).

• As none of the employee is covered by the eligibility criteria hence no provision for the retirement benefit has been made.

NOTE 25. BEING PART OF NOTES ON ACOUNTS

• An amount of Rs. 16.72262/- has been provided for in the accounts of the company for the Financial Year 202425 towards Income tax in accordance with the provision of Income Tax, 1961. (2023-24: Rs. 18.8245).

• Deferred Tax expense or benefit is recognized on timing difference between taxable income and accounting income that originate in one period and are capable of reversal in one or more subsequent periods.

• Deferred tax asset and liabilities are measured using the tax rates and tax laws that have been enacted or substantively enacted by the balance sheet date.

NOTE 26. BEING PART OF NOTES ON ACOUNTS

In accordance with Accounting Standard 22 “Accounting for Taxes on Incomes" notified under the Companies Act, 2013 by the Central Government, the timing difference have resulted in net deferred tax Asset of Rs. 2.70689/- as the year end 31st March, 2025.

NOTE 27. BEING PART OF NOTES ON ACOUNTS

The Company is a Small and Medium-sized Company (SMC) as defined in the General Instructions in respect of Accounting Standards notified under the Companies Act, 2013. Accordingly, the Company has compiled with the Accounting Standards as applicable to a Small and Medium-Sized Company.

NOTE 28. BEING PART OF NOTES ON ACOUNTS

The Company has not received any intimation from "suppliers" regarding their status under the Micro, Small and Medium Enterprises Development Act, 2006 and hence, the following disclosures under the said Act have been shown as nil.

NOTE 29. BEING PART OF NOTES ON ACOUNTS

Related Party disclosures, as required in terms of Accounting Standard (AS) 18 are given below :

Relationships :

A) Individuals having voting power with control or significant influence :

i) Shri. Amit Mittal

ii) Shri. Rakesh Kumar Mittal

iii) Shri. Ashok Mittal

iv) Shri. Ramesh Chand Agarwal

v) Shri. Anil Kumar Agarwal

B) Relatives of Key Management Personnel, where transaction have taken place : Smt. Neerja Agarwal

C) Associate Companies owned by Directors or Major Shareholders : NIL

Note: Related party relationships are as identified by the Company and relied upon by the Auditors.

Provision. Contingent Liabilities & Contingent Assets :

Financial Instruments

The Company recognizes financial assets and financial liabilities when it becomes a party to the contractual provisions of the instruments. Company has a business model of “Hold to Collect” with the sole purpose of collecting principal and interest from loans, thus as per IND AS-109 - “Financial Instruments” loans are measured at amortized cost.

Other Financial assets and liabilities maturing within one year from the balance sheet date are measured at carrying value as the same approximate the fair value due to short maturity of these instruments.

Impairment of Financial Assets

In accordance with IND AS-109, the company applies Expected Credit Loss (ECL) model for measurement and recognition of impairment of financial assets on the basis of their credit risk exposure. For the same, ECL is measured as per management policy after performing due diligence of the company's historical data in regards to the respective asset. After the analysis of historical data management had ascertained that every financial assets is undisputed and considered good therefore no provision under ECL is required to be made.

Estimated amounts of contract to be executed and not provided for as on 31st March 2025 is : NIL (2023-24: NIL)

In the opinion of the board, the assets other than fixed assets and non-current investments are approximately of the same value stated, if realized in the ordinary course of business.

Reason for Variance:

(i) Inventory Turnover Ratio: Inventory Turnover Ratio has increased from 0.12 to 0.17 in comparison to last financial year due to increased turnover of the company in current year.

NOTE 34: BEING PART OF NOTES ON ACCOUNT

Previous Year's Figures have been regrouped wherever necessary.