Note 3. Loan from Deustche Bank- Loans has been borrowed against hyphothecation of Property of Director Mr. Amit Kanwar Jindal. The address of the property is Resedential Unit No. A-16, SF, RPS Palm, Sector-88, Faridabad-121001 (Haryana). The Loan is bearing interest rate @ 9.70% (TB3R Note 4. Loan from ICICI- Loans has been borrowed against hyphothecation of Property of Director Mr. Amit Kanwar Jindal. The address of the property is Shop No. 35, Part of Property No. 3-E/35, BP NIT, Block-E, Faridabad-121003 (Haryana). The Loan is bearing interest rate @12.05%

(ii) Terms of Repayment

Note 1. Loan From Deustche Bank- Deutche loan is bearing interest rate @9.7% with EMI of Rs. 72,887/- and is scheduled to close on 05.01.2035. Note 2. Loan From HDFC-114140896- The Loan has been borrowed for purchase of vehicle. It shall be repaid in 60 equal monthly instalments. Such loan is bearing interest rate @7.8% with EMI of Rs. 35316/-and is scheduled to close on 07.11.2025.

Note 3. Loan From HDFC-127377067- The Loan has been borrowed for purchase of vehicle. It shall be repaid in 60 equal monthly instalments. Such loan is bearing interest rate @ 7.25% with EMI of Rs. 12,330/- and is scheduled to close on 05.03.2027.

Note 4. Loan From HDFC-132227832- The Loan has been borrowed for purchase of vehicle. It shall be repaid in 60 equal monthly instalments. Such loan is bearing interest rate @ 8.30% with EMI of Rs. 22,687/- and is scheduled to close on 05.08.2027.

Note 5. Loan From HDFC-143392637- The Loan has been borrowed for purchase of vehicle. It shall be repaid in 60 equal monthly instalments. Such loan is bearing interest rate @9.25% with EMI of Rs. 16,474/- and is scheduled to close on 07.07.2028.

Note 6. Loan From HDFC WC Term Loan-85871921- The Loan has been borrowed for Working Capital and having interest rate @9.40%. It shall be repaid in 92 instalments. Such Working Capital Business Loan having EMI of Rs. 3,08,143/- and is scheduled to close on 07.11.2028.

Note 7. Loan From HDFC WC Term Loan-453195622- The Loan has been borrowed for Working Capital and having interest rate @ 9.25%. It shall be repaid in 63 Instalments. Such Working Capital loan is scheduled to close on 07.07.2027.

Note 8. Loan From ICICI HFCL- The Loan has been bearing Interest Rate @12.05% with EMI of Rs. 65480/- and is scheduled to close on 05.06.2034. It shall be repaid in 172 instalments.

Note 9. Loan From Bank of Baroda- The Loan has been borrowed for purchase of vehicle. It shall be repaid in 60 equal monthly instalments. Such loan is bearing interest rate @11.55% with EMI of Rs. 258268/- and is scheduled to close on 01.02.2029.

The company is engaged in business of manufacturing & sales of LT Panel and ST Panel which is considered to be only reportable segment as per Accounting Standard 17 on Segment Reporting. The company is operating only in India and there is no other geographical segment

NOTE-2.30 EMPLOYEE BENEFIT PLANS

(A) General description of the defined benefit scheme:

The cost of providing benefits is determined on the basis of actuarial valuation at each year-end. Separate actuarial valuation is carried out for each year using the projected unit credit method. Actuarial gains or losses are recognized in full in the period in which they occur in the statement of profit and loss.

(B) Other disclosures as required under AS-15 (Revised 2005) on “Employee Benefits" in respect of defined benefit obligations areas under:

NOTE-2.34 In accordance with Accounting Standard -28 (AS 28) Impairment of Assets. Company has assessed on the Balance Sheet date, whether there are any indication with regard to impairment of any of the assets. Based on such assessment, it has been ascertained that no potential loss is present and thereof no formal estimate has been made. Accordingly no impairment loss has been provided in the accounts.

NOTE-2.35 In the opinion of the management the value of any of the assets other than Property, Plant and Equipment and Intangible Assets are realization in the ordinary courses of business will not be less than the value at which they are stated in the Balance Sheet.

NOTE-2.36 CORPORATE SOCIAL RESPONSIBILITY EXPENSES (CSR)

As per Section 135 of the Companies Act, 2013 read with guidelines issued by Department of Public Enterprises, GOI, the Company is required to spend, in every financial year, at least two per cent of the average net profits of the Company made during the three immediately preceding financial years in accordance with its CSR Policy. The details of CSR expenses for the year are as under:

NOTE-2.37 ADDITIONAL DISCLOSURES AS REQUIRED UNDER SCHEDULE III OF THE COMPANIES ACT, 2013

1. Title deeds of all immovable properties are held in name of the Company.

2. The company does not hold any Investment Property in its books of accounts, so fair valuation of investment property is not

3. The Company has not revalued any of its Property, Plant & Equipment and Intangible Assests in current year and previous year.

4. The company has not granted any loans or advances to promoters, directors, KMP's and the related parties that are repayable on demand or without specifying any terms or period of repayment

5. The Company has not any CWIP and Intagible Assets under Development hence no details has been provided regarding aging.

6. The company has not any CWIP and Intangible Assets under development hence completion schedule for projects overdue or cost overruns as compared to original plan is not applicable to the company.

7. There is no any proceeding have been initiated or pending against the company for holding any benami property under the Benami Transactions (Prohibition) Act, 1988 (45 of 1988) and rules made thereunder.

8. The Company has not declared wilful defaulter by any bank or financial Institution or other lender.

9. Company is not having any transaction with the Companies struck off under the Section 248 of the Companies Act 2013 or Section 560 of the Companies Act

10. There are no charges or satisfaction which are yet to be registered with ROC beyond statutory period.

11 .The company has complied with the number of layers prescribed under clause (87) of Section 2 of Companies Act, 2013 read with Companies (Restriction of Number of Layers) Rule, 2017.

12. The company has not provided nor taken any loan or advance to/from any other person or entity with the understanding that benefit of the transaction will go to a third party, the ultimate beneficiary.

13. (1) RaMos:_

NOTE-2.38 APPOINTMENT OF CHIEF FINANCIAL OFFICER AND COMPANY SECRETARY

The Company has appointed Chief Financial Officer and Whole Time Company Secretary on 07th December, 2023.

NOTE-2.39 PREVIOUS YEAR FIGURES

The previous year's figures have also been regrouped, rearranged and re-classified wherever necessary to confirm to the current period’s classification.