1. Earnings per share

Basic Earnings Per Share and Diluted Earnings Per Share amounts are calculated by dividing the profit for the year attributable to equity shareholders of the Company by the weighted average number of equity shares outstanding during the year.

PART - 20C - OTHER NOTES

1 Initial Public Offer

The company has voluntarily got itself converted from a ‘Private Limited Company‘ to ‘Limited Company‘ w.e.f. 27-12-2022 vide SRN -F54671763. The Company’s shares have been listed with National Stock Exchange of India Limited (NSE) EMERGE Platform consequent to a public offer of shares during the year by the Company. During the year under review, the Company came out with its maiden ‘Initial Public Offering’ (IPO) of 38,68,800 Equity shares of face value of f 10/- each at a price of f 90/- per equity share aggregating to f 34,81,92,000/- . The public issue was open for subscription from 02-03-2023 till 06-03-2023. The Company got listed on 15-03-2023 on the National Stock Exchange of India Limited (NSE) Emerge Platform.

1. It was proposed to utilize the Net Proceeds towards General Corporate Purposes at f 343.13 Lakhs, however, due to incurrence of issue related expenses at a higher sum of f 373.28 Lakhs as against the proposed sum of Rs. 338.79 Lakhs, the company has restated its utilization of net proceeds for General Corporate Purposes.

2. Net proceeds which were unutilised as at 31 March 2023 were temporarily kept in fixed deposit with scheduled commercial bank.

2 Figures for the previous year has been regrouped and/or rearranged wherever considered necessary.

3 In the opinion of the Board, the current assets, loans and advances have a value on realization in the ordinary course of business at least equal to the amounts at which they are stated in the Balance Sheet and that the provision for known liability is adequate and not in excess of amount considered reasonably necessary.

5 Information as required to be disclosed under the Micro, Small and Medium Enterprises Development Act, 2006 has been determined to the extent such parties have been identified on the basis of information available with the Company.

The accompanying Notes form an integral part of these Standalone Financial Statements

| NOTE - 21 - ADDITIONAL REGULATORY INFORMATION

(i) The title deeds of all the immovable properties (other than properties where the Company is the lessee and the lease agreements are duly executed in favour of the lessee), are held in the name of the Company.

(ii) The company has not revalued any of its Property, Plant and Equipment during the year.

(iii) The company has not granted any loans to promoters, directors, KMPs and related parties, either severally or jointly with any other person during the year.

(iv) During the financial year 2022-23, no proceeding has been initiated or pending against the company for holding any benami property under the Benami Transactions (Prohibition) Act, 1988 (45 of 1988) and the rules made thereunder.

(v) The Company has not availed any working capital facilities and accordingly, it is not required to furnish any quarterly returns or statements with the banks or financial institutions.

(vi) The company is not declared a wilful defaulter by any bank or financial institution or any other lender.

(vii) The company has not entered into any material transaction with the companies struck-off under s. 248 of the Companies Act, 2013 or section 560 of the Companies Act, 1956.

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

(ix) 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.

(x) The company has not applied for any Scheme of Arrangements in terms of Sections 230 to 237 of the Companies Act, 2013.

(xi) 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 lend or invest in party identified by or on behalf of the Company (Ultimate Beneficiaries). The Company has not received any fund from any party(s) (Funding Party) with the understanding that the Company shall whether, directly or indirectly lend or invest in other persons or entities identified by or on behalf of the Company (“Ultimate Beneficiaries”) or provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries.

(xii) The Company has no such 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).

(xiii) The company has not traded or invested in Crypto Currency or Virtual Currency during the Financial Year 2022-23.