10.6 There were no shares issued pursuant to contracts without payment being received in cash , by way of bonus issue and no shares were bought back in the period of five years immediately preceding the date as at which Balance Sheet is prepared.

10.7 There were no change in Equity Share Capital due to prior period errors.

12.1 Term loan from Bank Aggregating to Rs.4.27 Lakhs (Previous Year - Rs.231.77 Lakhs) Primary Security: First charge on entire fixed assets of the company, both present and future, and second charge on current assets of the company both present and future.

“Collateral Security : Extension of first and exclusive charge on

a) All that piece and parcel of land totally admeasuring about 6924.50 sq.mtrs. Bearing plot no 63B admeasuring 1474.5 sq.mtrs.,plot no.64A(part) admeasuring above 523.00 sq.mtrs. Plot No.68B admeasuring about 1825.50 sq.mtrs and plot no 69 admeasuring about 3102.00 sq.mtrs lying being and situated at Piparia Industrial Estate, Village Amli, Silvassa, Union Territory of Dadra and Nagar Haveli, together with structure standing thereon admeasuring about 1704.23 sq.mtrs “

Exclusive equitable/registered mortgage charge on Land (admeasuring of 3300 sq.mtr) and Building (admeasuring area of appro1491.08 sq.mtrs.on land of 3300 sq.mtrs.) located at 45B Govt.Industrial Estate, Masat, Silvassa and by way of hypothecation on plant and machinery purchased out of additional Term Loan (New Security) owned by the Company.

b) Personal guarantee of the two promoters of the Company.

# Includes Rs.103.91 Lakhs (Previous Year - Rs.67.79 Lakhs) payable to a related party - Beekaylon Synthetics Private Limited (Refer Note No.31)

* Dues to Micro, Small and Medium Enterprises as at the year end has been determined on the basis of information available with the Company and relied upon by auditors. The Company has received intimations from some of their vendors regarding their status under the Micro, Small and Medium Enterprises Development Act, 2006 and disclosure under the said Act is made accordingly.

These plans typically expose the Company to actuarial risk such as interest rate risk, longevity risk and salary risk.

Interest Rate Risk: A decrease in the bond interest rate will increase the plan liability.

Longevity Risk : The present value of the defined benefit plan liability is calculated by reference to the best estimate of the mortality of plan participants both during and after their employment. An increase in the life expectancy of the plan participants will increase the plan's liability.

Salary Risk : The present value of the defined benefit plan liability is calculated by reference to the future salaries of plan participants. As such, an increase in the salary of the plan participants will increase the plan's liability.

34 Previous year's figures have been regrouped and reclassified, wherever necessary, to correspond with those of the current year.

35 The company's main business segment is manufacturing of polyester texturised yarn and sale in the domestic market. Hence, there are no separate reportable segments as per Ind AS 108 “Operating Segment”. Revenue from one customer contributed Rs.3,442.34 Lakhs ( i.e. 10% or more ) to the Company's revenue for 2023-24 and revenue from one customer contributed Rs.2,580.87 Lakhs (i.e. 10% or more) to the Company's revenue for 2022-23.

Other current assets

5 Wilful Defaulter

The Company is not declared as wilful defaulter by any bank or financial institution or other lenders.

6 Relationship with struck off Companies

The Company did not have any transactions with Company struck off under section 248 of Companies Act,2013

or section 560 of Companies Act, 1956,

considering the information available with the Company.

7 Registration of charges or satisfaction

The Company does not have charges or satisfaction which is yet to be registered with the Registrar of Companies.

8 Number of Layers of Companies

The Company do not have any parent or subsidiary company and accordingly, the compliance with the number of layers prescribed under clause (87) of

section 2 of the Companies Act, 2013 is not applicable for the years under consideration.

10 Compliance with approved Scheme of Arrangement

There are no Scheme of Arrangement approved by the Competent Authority in terms of Sections 230 to 237 of the Companies Act, 2013 during the year.

11 Utilisation of Borrowed funds and share premium

a. No funds have been advanced or loaned or invested (either from borrowed funds or share premium or any other sources or kind of funds) by the Company to or in any other person(s) or entity(ies), including foreign entities (“Intermediaries”), with the understanding, whether recorded in writing or otherwise, that the Intermediary shall, whether, 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 provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries;

b. No funds have been received by the Company from any person(s) or entity(ies), including foreign entities (“Funding Parties”), with the understanding, whether recorded in writing or otherwise, that the company shall, whether, 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 provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries;

12 Undisclosed Income

The Company do not have any transactions which are not recorded in the books of accounts that has been surrendered or disclosed as income during the year in the tax assessment under the Income Tax Act, 1961

13 Details of Crypto Currency or Virtual Currency.

The Company has not traded or invested in Crypto Currency or Virtual Currency during the financial years.

37 Capital Mangement

The Company’s policy is to maintain a strong capital base so as to maintain investor , creditor and market confidence and to sustain future development of the business. Management monitors the return on capital, as well as the level of dividends to equity shareholders.

The Company monitors capital using adjusted net debt to equity ratio for the purpose, adjusted net debt is defined as total debt less cash and bank balances.

Financial Risk Management

The company’s activities expose to credit risk, liquidity risk and market risk. The Company senior management oversees the management of these risks.

i) Credit Risk

Credit risk is the risk of financial loss to the Company if a customer or counter party to a financial instruments fails to meet it’s financial obligation and such obligation mainly arise from receivables from customers and loans and advances. Credit risk is managed through establishing credit limits and continuously monitoring the credit worthiness of customers.

As at 31st March, 2024 the carrying amount of financial assets exposure to credit risk was Rs.797.64 Lakhs (Rs.1,550.08 Lakhs as at 31st March 2023), being representing balances with banks, short term deposits with banks, trade receivables and other financial assets.

ii) Liquidity risk

Liquidity risk refers to the risk that the Company cannot meet its financial obligations. The Company’s approach to managing liquidity is to ensure , as far as possible, that it will have sufficient liquidity to meets its liabilities when they are due and principal source of liquidity are cash and cash equivalents that are generated from business operation. The Company has obtained term Loans and fund and non fund based working capital loan from bank and others. Following are the contractual maturities of loans obtained :

iii) Market Risk :

Market risk is the risk of any loss in future earnings, in realizable fair values or of in future cash flows of the Company that may result from change in price of a financial instrument. The value of financial instrument may change as a result of change in interest rates, foreign currency exchange rates.

The Company primarily is exposed to interest rate risk. The Company presently not exposed to exports and imports transactions risk.

40 Audit Trail

The Ministry of Corporate Affairs (MCA) has prescribed a new requirement for Companies under the proviso to Rule3(1) of the Companies (Accounts) Rules, 2014 applicable from April 1,2023 and in accordance with said requirement.

a) The Company has maintained proper books of account as prescribed under Section 128(1) of the Companies Act, 2013 (as amended). The books of accounts are maintained in electronic mode using an in house developed accounting software. Back-ups of books of account and other relevant books and papers maintained in electronic mode are kept as per the policy of the Company. The back-up of the accounting system is kept in a server physically located in India and is done on a daily basis.

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

Further there were no instances of audit trail feature being tampered with in respect of the said software.

41 Approval of Financial Statement

The Financial Statements were approved for issue by the Board of Directors on May 29, 2024.