(c) The Company has only one class of equity shares having a par value of Rs.10 each. Each holder of equity shares is entitled to one vote.

(d) The Company has allotted 3412460 nos fully paid up bonus shares in the ratio of five shares for every one share in the financial year 2023-24 out of its free reserves.

(e) In respect of every equity share fully paid up voting right shall be in the same proportion as the paid up equity share bears to the total paid up equity shares of the company.

(c) The Company has disclosed unit wise account and identified taking into account the nature of products.

The company’s operations predominantly relate to manufacture of Nodulated Wool and P.F. Resin, other business units comprising insulating service to the various thermal power station.

(d) Revenue including assets and liabilities of each segment unit, indentified and when the expenses are not possible to identity relating to each unit have been kept under corporate account.

(D) Realization value of assets other than fixed assets & non-current investments

In the opinion of the Board, the realizable value in respect of any assets (other than fixed assets and non-current investments) are at least equal to the amount disclosed in the Balance Sheet.

(E) Confirmation of balances

The outstanding balances as on 31st March, 2025, all material trade receivables, loans & advances and current liabilities are confirmed / reconciled generally with the respective parties barring some cases. Minor adjustments, if any, in respect of other parties arising out of reconciliations shall be accounted as and when such reconciliation is completed. However, the management does not expect any material variance.

(K) Deferred Revenue Expenses

The Company has expended significant amount of Rs.6085800 (Previous Year Rs.4250491) on account of product development, for the acceptability of the product in the Domestic as well as International markets. As per the formulated policy of the company to Charge all the related expenses in the Deferred Revenue Expenses & amortized 1/5th of the expenses in each financial year till the expenditures are fully charged.

(L) Compliance of Schedule III attached to the Companies Act, 2013

The financial statements have been prepared in accordance with the requirements of Schedule III attached to the Companies Act, 2013. Items mentioned in the said Schedule but having no value in respect of the Company for the current as well as the previous year or not relevant to its nature or activities have been omitted to avoid superfluous detail.

(M) Segmental Reporting Policy

The Company is enaged in single line of activities and in view of AS 17, segmental reporting policy is not necessary.

(N) Related Party Disclosures

Information in accordance with the requirements for the Accounting Standard - 18 on Related Party Disclosures issued by The Institute of Chartered Accountants of India: i) Related parties with whom material transactions have taken place during the year:

a) Companies which are associates or have significant influence -Nil

a) Disclosures in respect of related parties have been made where in the opinion of the management such separate disclosure is necessary for an understanding of the effects of the related party transactions.

b) Provision for doubtful debts from related parties - NIL [P.Y.-NIL].

c) Amount written off or written back during the year in respect of debts due from or to related parties -NIL [P.Y.-NIL].

O. Unutilized Proceeds from IPO^ iPlS-ULATlDN

The Company had raised Rs.1041.30 lakh through Initial Public Offer (IPO) during the year, out of which Rs.41 lakhs is earmarked for the procurement of Plant & Machinery. However, due to delay in finalization of the procurement plans, the said amount is temporarily parked in Fixed Deposit with SBI.

P. Provision for Doubtful Debts

The Company has undertaken a review of its outstanding trade receivables as at the balance sheet date. Based on an assessment of the age, collectability, and credit worthiness of the debtors, a provision for doubtful debts has been created on long outstanding receivables that are considered doubtful of recovery. As such, the Company has created a provision amounting to Rs. 27.44 Lakhs as at the year end. This is in line with the Company’s policy of regularly reviewing and evaluating the recoverability of its trade receivables and ensuring that the financial statements reflect a true and fair view of its financial position.

28. Additional Regulatory Information

(i) The company owns the properties and title deeds are in the name of the Company.

(ii) The Company has not revalued its Property, Plant and Equipment during the year.

(iii) No Loans or Advances in the nature of loans are granted to Promoters, Directors, Key Managerial Persons and the related parties (as defined under Companies Act, 2013,) either severally or jointly with any other person, that are :

(a) repayable on demand or

(b) without specifying any terms or period of repayment

(iv) No proceedings have been initiated or pending against the company for holding any benami property under the Benami Transactions (Prohibition) Act, 1988 (45 of 1988) and the rules made thereunder.

(v) The Company has not been declared as a willful defaulter by any lender who has powers to declare a company as a willful defaulter at any time during the financial year or after the end of reporting period but before the date when the financial statements are approved.

(vii) The Company does not have any transactions with struck off Companies.

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

(ix) The Company has complied with the number of shares prescribed under Clause (87) of Section 2 of the Act read with Companies (Restrictions on number of Layers) Rules, 2017.

(x) Ratio Analysis: As per sheet attached

(xa) No scheme of Arrangements has been approved by the Competent Authority in terms of Sections 230 to 237 of the Companies Act, 2013.

(xi) The Company has not advanced or loaned or invested funds to any other person(s) or entity(is), including foreign entities (intermediaries),with the understanding that the intermediary shall;

i. 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

ii. Provide any guarantee, security or the like to or on behalf of the Ultimate Beneficiaries.

(xii) The Company has not received any funds 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;

i. 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

ii. Provide any guarantee, security or the like to or on behalf of the Ultimate Beneficiaries.

(xiii) The Company does not have any transactions which is not recorded in the books of accounts but 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).

(xiv) The Company has not traded or invested in Crypto currency or Virtual Currency during the financial year.

(xv) The Previous Year Figure are regrouped and rearranged wherever necessary.