NOTE NO. 11 : SHORT - TERM LOANS AND ADVANCES A. Classification:

Due by directors / officers and due by Firms or Private Limited Companies in which any director is a partner or a director is NIL

iii) Specified details on each class of shares for a period of five years immediately preceding the date as at which Balance sheet is prepared:

a Aggregate Number and class of Shares allotted for contract without payment being received in cash.

There were no shares allotted for contract without payment being received in cash during the reporting period nor in the preceding five years

b Aggregate number and Class of shares allotted as fully paid by way of bonus shares (Fully paid-up)

No bonus shares were allotted during the reporting period nor in the preceding five years. c Aggregate number and Class of shares bought back.

No shares were bought back during the reporting period nor in the preceding five years.

v) Rights, Preferences and restrictions attaching to each class of shares including restrictions on distribution of dividends and repayments of capital:

The Company has only one class of share namely equity shares having a par value of Rs.10 each.

Each shareholder is eligible for one vote for every share held. The dividend approved by the shareholders in any annual general meeting and in case of any interim dividend declared, is payable to the equity shareholders in proportion to their holding. The equity shareholders are eligible to receive the remaining assets of the company on the occurrence of an event, requiring repayment of capital, in proportion of their shareholding.

vi) Terms of any securities convertible into Equity/Preference Shares issued along with earliest date of conversion in descending order starting from earliest such date:

There are no securities convertible into equity or preference shares

vii) Shares reserved for issue under option and Contract/ Commitments for the sale of shares / disinvestment including terms and amounts:

(a) (ii) Term Loans from Banks

Nature of Security and Details of Guarantee

a The above facilities are secured on first charge on the specific fixed assets acquired besides a charge on all other fixed assets

b All the above facilities pursuant to an agreement rank pari passu amongst the bankers and the company.

c Managing Director and Joint Managing Director have furnished their personal guarantee to bankers for the loans so availed and the guarantee is for the amount outstanding to the said bankers.

d The details of security listed above also covers for current maturities of long term debts for the above term loans

e The Company has not defaulted in the payment of Principal and interest during the year

f Term Loans were applied for the purpose they were obtained. Further, Short Term Loans availed have not been utilised for Long term purposes by Company

g Quarterly retruns or statements of Current assets filed by the Company for the sanctioned borrowings with banks or financial institutions are not materially difference with that of books of accounts.

(ii) Nature of Security and terms of guarantee

a The above facilities are secured by way of hypothecation and / or pledge of stocks in trade, besides a first charge on its fixed assets

b All the above facilities are pursuant to an agreement rank Pari passu amongst the bankers and the company has created an equitable mortgage by deposit of the title deeds for the credit facilities availed. The equitable mortgage is registered with the Registrar of Assurances, while a charge is registered with the Registrar of Companies.

c Managing Director, Joint Managing Director and Director have furnished their personal guarantee to bankers for the loans so availed and the guarantee is for the amount outstanding to the said bankers.

ii) Defined benefit plans

The company has an unfunded defined benefit gratuity plan. Every employee who has qualified and completed five years or more of service gets a gratuity on separation equal to 15 days salary (last drawn salary) for each completed year of continuous service or part thereof in excess of six months, subject to a maximum laid down by law.

The company has undertaken an actuarial valuation in respect of gratuity liability for its employees and provides for it in its books of accounts; but does not contribute the amount to any fund or trust.

8 Other Statutory Information

a No funds have been Loans or advances or invested (either from borrowed funds or share premium or any other sources or kind of funds) by the company to Promoters, Directors, KMPs and the related parties either severally or jointly with any other person or entities.

Details of Borrowings Secured against current assets

b The Company has been sanctioned with working Capital Limits in exceeds of Rs.5.00 Crore, in aggregate, during the year from banks or financial institutions on the basis of security of current assets. The quarterly returns/statements filed by the Company with such banks and financial institutions are generally in agreement with the books of accounts of the Company except as follows:

c No funds have been received by the company from any Promoters, Directors, KMPs and the related parties either severally or jointly with any other persons or entities

d The Company does not have any Benami Property, where any proceedings has been initiated or pending against the Company for holding any Benami Property.

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

f The Company does not have any transaction which is not recorded in the books of accounts that 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.)

g The Company has no transactions with struck off companies during the year.

h The Company has not been declared as wilful defaulters by any bank or financial institution or Government or any Government authority

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

j No schemes of arrangements have been applied or approved by the competent authority in terms of Section 230 to 237 of the Companies Act, 2013

k The Company is in compliance with the number of layers prescribed under clause(87) of section 2 of the Companies Act, 2013 read with the Companies (Restriction on number of Layers) Rules, 2017 (as amended)

l The Company have 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:

(a) 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

(b) provide any guarantee, security or the like to or on behalf of the Ultimate Beneficiaries.