b) Terms / rights attached to Equity Shares:

i. The company has only one class of equity shares having a par value of Rs.10/- per share. Each shareholder is entitled to one vote per share held. In the event of liquidation of the company, the equity shareholders are eligible to receive the remaining assets of the company, in proportion to their shareholding.

Trade payables are non interest bearing and normally settled on 30 to 90 days

Dues to Micro & Small Enterprises have been determined to the extent such parties have been identified on the basis of information collected by the Management. This has been relied upon by the auditor. Moreoverthe Company is in the process of updating its suppliers data, as tothe status as a Micro Small &Medium Enterprise with a copy ofthe Memorandum filed as per the provisions of Section 8 of the Micro Small & Medium Enterprises Development Act, 2006.

The credit period on sales of goods ranges from 90 days with or without security.

As at 31 March 2024, ^ 1.50 lakh (As at 31 March 2023 ^ 2.14) was recognised as provision for allowance for doubtful debts on trade receivables.

Out of the total contract liabilities outstanding as on 31 March 2024, ^ 0.15 Lakhs will be recognized by 31 March, 2025.

Notes-During the Financial year 2021-22, the Company did not have Networth of more than ^ 500 crores or more, Turnover was also less than ^ 1,000 crore and Net profit before tax was also less than ^ 5 crore.As the provisions of Section 135 (1) read with the Companies (Corporate Social Responsibility) Rules was not applicable to the Company. Hence, during the financial year 2022-23, the Company was not required to spend any amount towards the Corporate Social Responsibility.

Sensitivity Analysis:

As of 31st March, 2024, every percentage point increase in discount rate will affect our gratuity benefit obligation Rs.51.59 Lakhs

As of 31st March, 2024, every percentage point decrease in discount rate will affect our gratuity benefit obligation Rs.53.08 Lakhs

As of 31st March, 2024, every percentage point increase in salary escalation rate will affect our gratuity benefit obligation Rs.53.03 Lakhs

As of 31st March, 2024, every percentage point decrease in salary escalation rate will affect our gratuity benefit obligation Rs.51.62 Lakhs

Sensitivity for significant actuarial assumptions is computed by varying one actuarial assumption used for the valuation of the defined benefit obligation by one percentage, keeping all other actuarial assumptions constant.

Narrations:

1 Analysis of Defined Benefit Obligation

The number of members under the scheme have increased by 3.45%%. The total salary has increased by 3.66% during the accounting period. The resultant liability at the end of the period over the beginning of the period has increased by 2.69%.

2 Expected rate of return basis:

Scheme is not funded EORA is not applicable.

3 Description of Plan Assets and Reimbursement Conditions Not applicable

4 Investment / Interest Risk

Since the scheme is unfunded the Company is not exposed to Investment / Interest risk.

5 Longevity Risk

The Company is not exposed to risk of the employees living longer as the benefit under the scheme ceases on the employee separating from the employer for any reason.

6 Salary Escalation Rate

The salary escalation rate has remain unchanged and hence there is no change in liability resulting in no actuarial gain or loss due to change in salary escalation rate.

7 Discount Rate

The discount rate has decreased from 7.10% to 6.94% and hence there is an decrease in liabilty leading to acturial loss due to change in discount rate.

The Company's activities expose it to a variety of financial risks: market risk, credit risk and liquidity risk. The Company's focus is to foresee the unpredictability of financial markets and seek to minimize potential adverse effects on its financial performance.

1) Market Risk

Market risk is the risk that the fair value of future cash flows of a financial instrument which fluctuate because of changes in market prices. Market risk comprises three types of risk: interest rate risk, currency risk and other price risk, such as equity price risk. Major financial instruments affected by market risk include loans and borrowings and investment in equity oriented mutual fund.

a) Interest rate risk

Majority of the long-term borrowings of the Company bear fixed interest rate, thus interest rate risk is limited for the Company.

b) Foreign currency risk

The company imports certain material against Letter of Credit for which hedging instruments are not required.

c) Equity price risk

The Company's equity securities are not majorly susceptible to market price risk. However, the company's board of directors reviews and approves all equity investment decisions after taking due diligence which may affect the market related risk.

2) Credit Risk

Credit risk is the risk that counterparty will not meet its obligations under a financial instrument or customer contract, leading to a financial loss. The Company is exposed to credit risk from its operating activities (primarily trade receivables) and from its financing activities, including deposits with banks and financial institutions and other financial instruments.

Trade and other Receivables

The Company measures the expected credit loss of trade receivables based on historical trend, industry practices and the business environment in which the entity operates. Based on the historical data and financial position of party and chances of recovery, provision has been considered and created, wherever necessary.

Exposures to customers outstanding at the end of each reporting period are reviewed by the Company to determine incurred and expected credit losses. Historical trends of impairment of trade receivables do not reflect any significant credit losses. Given that the macro economic indicators affecting customers of the Company have not undergone any substantial change, the Company expects the historical trend of minimal credit losses to continue.

3) Liquidity risk

Liquidity risk is the risk that the company will encounter difficulty in meeting the obligations associated with its financial liabilities that are settled by delivering cash or another financial assets. The Company's principal source of liquidity are cash and cash equivalents and the cash flow that is generated from operations. the Company believes that cash and cash equivalents is sufficient to meet its current requirements.

Forthe purpose ofthe Company's capital management, capital includes issued equity capital and all other equity reserves attributable to the equity holders ofthe Company. The primary objective ofthe company's management is to maximise shareholders value.

The Company manages its capital structure and makes adjustments in light of changes in economic conditions and the requirements of the financial covenants. To maintain or adjust the capital structure, the Company may issue new shares. Consistent with others in the industry, the Company monitors its capital using the gearing ratio which is total net debt (borrowings offset by cash and cash equivalents) divided by total capital of the company.

Gearing Ratio

In orderto achieve this overall objective, the Company's capital management, amongst otherthings, aimstoensurethat it meetsfinancial covenants attached tothe borrowings that definethe capital structure requirements. Breaches in meeting the financial covenants would permit the lenders to immediately call loans and borrowings.

The Company has used accounting software for maintaining its books of account which has a feature of recording audit trail (edit log) facility and the same has operated throughout the year for all relevant transactions recorded in the software.

i) The 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 does not have any transactions with companies struck off.

iii) The Company does not have any charges or satisfaction which is yet to be registered with ROC beyond the statutory period.

iv) The Company have not traded or invested in Crypto currency or Virtual Currency during the financial year.

The Company does not have any such transaction which is not recorded in the books of accounts that hasbeen surrendered or disclosed as income during the year in the tax assessments

v) 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 not been declared as Wilful defaulter by any Banks, Financial institution or Other lenders.

|Note 43

The Company have not received anyfund from any person(s) or entity(ies), includingforeign entities (FundingParty) 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 oron behalf of the Funding Party (Ultimate Beneficiaries) or

ii) provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries.

Note 44

Previous period figures have been restated for prior period adjustments and regrouped / reclassified wherever necessary , to make them comparable with current period figures.