B Terms and Rights attached to equity shares

The Company has only one class of equity shares having a par value of H 10/- per share. Each holder of equity shares is entitled to one vote per share. The Company declares and pays dividend in Indian rupees only in proportion to the paid up value of the equity shares.

The dividend, if any, proposed by the Board of Directors is subject to the approval of the shareholders in the ensuing Annual General Meeting.

In the event of liquidation of the Company, the holders of equity shares will be entitled to receive remaining assets of the Company after distribution of all preferential amounts. The distribution will be in proportion to the number of equity shares held by the shareholders.

15.1 Term Loans from State Bank Of India in INR , Balance Outstanding is H 6081.09 Lakhs, (Previous Year H 4367.30 Lakhs).

15.2 Term Loans from HDFC Bank Ltd. INR , Balance Outstanding is H 686.94 Lakhs, (Previous Year H 1744.47 lakhs)

15.3 Term Loans from AXIS Bank Ltd. INR , Balance Outstanding is H 3777.05 Lakhs, (Previous Year H 2767.91 lakhs)

15.4 The above Term Loans are secured by the assets created through the respective loans, incuding immovable assets of the company situated at Fatehpur Roshnai, Dist Akbarpur, Gajner Road; at D-19 and D-20, Site I Panki Industrial Area, Kanpur and at A1-A2, Site 5 (Udyog Kunj), Panki Industrial Area, Kanpur

15.5 Vehicle Financed from HDFC Bank Ltd. INR , Balance Outstanding is H 3.08 Lakhs, (Previous Year H 10.03 lakhs)

15.6 The above Term Loans have been guaranteed (Personal) by Chairman Cum Managing Director and Deputy Managing Director.

15.7 Vehicle Finance under Hire purchase is Secured by Hypothecation of Vehicles of the company and are repayable over a period of 5 Years.

The installments due in the succeeding twelve months in respect of the above loans have been classified under Current Liabilities in Note No.18, as 'Current Maturities of Debts'.

18.1 It includes Bill Purchase Account of H 1883.56 Lacs. (Previous Year H 1282.55 Lacs)

18.2 Working Capital Loans from State Bank of India in INR in Cash Credit (Hypo) , Export Packing Credit & Cash Credit(Book Debts) , SBI COVID Loan , Balance Outstanding (Hin Lacs) 8786.50 (previous year (Hin Lacs) 5288.25).

18.3 Working Capital Loans from HDFC Bank Limited in INR in Cash Credit (Hypo) , Export Packing Credit, Balance Outstanding (Hin Lacs) H 398.86 ( previous year (Hin Lacs) H 397.84).

18.4 Working Capital Loans from AXIS Bank Limited in INR in Cash Credit (Hypo) , Export Packing Credit, Balance Outstanding (Hin Lacs) H286.82 ( previous year (Hin Lacs) H105.00).

18.4 Working Capital Loans in INR from State Bank of India in Cash Credit Limits under E-DFS Scheme , Balance Outstanding of (H in Lacs) 507.46 ( previous year (H in Lacs) 599.98) Consignment Stockist (IOCL) Division.

18.5 The working capital limits (total sanctioned limit - H 130 Cr.) is under a consortium arrangement, with State Bank of India being the lead bank. The loans are secured by hypothecation of stocks of Raw Materials, Goods in Process, Finished Goods, Spares,Book Debts, Export Documents etc.. The immovable properties of the company are held as collateral security by the Consortium.

18.6 The above Working Capital Loans have been guaranteed (Personal) by Chairman Cum Managing Director and Deputy Managing Director.

NOTE - 30 DIVIDEND

The Company recognizes a liability to make payment of dividend to owners of equity when the distribution is authorized and is no longer at the discretion of the Company and is declared by the shareholders . A corresponding amount is recognised directly in equity.

The dividends paid in the years reported in these financial statements are duly disclosed in the Statement of changes in Equity of the year in which payment has been made, irrespective of the year in which the same were proposed.

Dividends paid during the year ended March 31, 2024 include an amount of H 0.50 per equity share towards final dividend for the year ended March 31, 2023.

Dividends declared by the Company are based on the profit available for distribution. The Board of Directors of the Company have not proposed any dividend in respect of the year ended March 31, 2024.

NOTE - 31 SEGMENT REPORTING

The segment reporting of the Company has been prepared in accordance with Ind AS-108, "Operating Segment" (specified under section 133 of the Companies Act, 2013, read with Rule 7 of Companies (Accounts) Rules, 2015). For management purposes, the company is organized into business segment based on its products and services and has three reportable segments as follows:

a) Operating Segments

Plastic Division : Domestic and Export sale of manufactured and traded plastic products

Consignmnet Stockiest : Consignment Stockiest for Indian Oil Corporation Ltd.

Solar Power Division : Generation and supply of power. The same is consumed by the company in its manufacturing operations.

CPP Division : Domestic and Export sale of manufactured Cast polypropolene Films (CPP)

NOTE - 35 CORPORATE SOCIAL RESPONSIBILITY EXPENSES

Pursuant to the requirement of Section 135 of the Companies Act, 2013, CSR committee has been formed by the Company. The primary function of the CSR Committee is to assist the Board of Directors in formulating a CSR Policy and review the implementation and progress of the same from time to time. The CSR Policy focuses on providing medical facilities to the under-priviliged and also development and improvement of community areasdesignated by the Local authorities. The aim is to better the standards of living for the community as a whole.

During the financial year ended 31^st March, 2024 the company did not fulfil the monetary thresh-holds as spcified u/s 135 of the Companies Act, 2013 and thus did not have any obligation as reagrds CSR spending. However the company continues to comply with the requirements on voluntary basis.

NOTE NO.38 GOVERNMENT GRANTS

The details of Government Grants recognised in these Financial Statements are as under:

The company received total subsidy of H589.38 Lakhs and H122.09 Lakhs during the year.

The Subsidy received is in respect of the investment and expansion made by the company in setting up of its factory unit at Gajner Road, Kanpur Dehat.

Note: There are no unfulfilled conditions/other contigencies Vis-a-Vis the above government grants.

NOTE- 39

Company has not defaulted on any loans and has not been declared wilful defaulter by any bank or financial institution or other lender.

NOTE-40

Relationship with Struck off Companies- The company did not undertake any transactions with companies struck off under section 248 of the Companies Act, 2013 or section 560 of the Companies Act 1956.

NOTE-41

Registration of charges or satisfaction with Registrar of Companies- All charges or satisfaction have been registered with Registrar of Companies.

NOTE-42

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 or entity, including foreign entities (Intermediaries) with the understanding (whether recorded in writing or otherwise) 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;

NOTE-43

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:

(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 on behalf of the Ultimate Beneficiaries

NOTE-44

There are no "discontinuing operations" during the current reporting period by the Company.

NOTE-45

The title deeds of all the immovable properties (except leasehold properties) are in the name of the Company.

NOTE-46

The Company does not hold any Benami property and 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 rules made thereunder.

NOTE-47

The Company has complied 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.

NOTE-48

The company has not made surrender or disclosure of any additional income in the course of tax assessments under the Income Tax Act, 1961, during the year.

NOTE-49

In view of the company's policy of assessing its assets/Cash generating units for any impairment losses, the company has identified impairment loss of H 42.85 Lakhs in respect of its investment in its subsidiary viz. KANPLAS DO BRAZIL. The company has accordingly provided for the said loss during the year.

Note: the company has disclosed financial instruments such as cash & cash equivalents, other bank balances, trade receivables, trade payables, bank overdrafts and other current liabilties at carrying amount value because their carrying amounts are a reasonable approximation of the fair values due to the short term maturities of these instruments.