(b) Terms/rights attached to equity shares

The Company has only one class of shares referred to as equity shares having par value of Rs 10/- per share. Each holder of equity shares is entitled to one vote per share.

Reduction in capital_

As per Approval of the Honourable National Company Law Tribunal (The NCLT) dated 06/07/2021 on the petition of the company for reduction of the Share Capital, the total paid up Equity Share Capital of the Company stands reduced from Rs. 11.76 crores (Rupees Eleven Crore and Seventy-Six Lakhs only) divided into 1,17,60,000 (One Crore Seventeen Lakhs and Sixty Thousand) Equity Shares of Rs. 10/- (Rupees Ten only) each, fully paid-up to Rs. 940.80 LAcs (Rupees Nine Crores Forty Lakhs and Eighty Thousand only) divided into 94,08,000 (Ninety-Four Lakhs Eight Thousand) Equity Shares of Rs. 10/- (Rupees Ten only) each, fully paid-up.

(c) Details Bonus Issue

Company issued bonus shares in the ratio of 10:30 during the year 2012-13 i.e. 30 share for 10 shares held Company issued bonus shares in the ratio of 1:5 during the year 2016-17 i.e. 5 share for 1 share held

30 Disclosures of the Additional Regulatory Information to the extent applicable to the company are made in compliance with the amendments made in Schedule III to the Companies Act 2013 vide Notification No. GSR 207(E) dated 24th March, 2021, are given as under:

(i) The Title Deeds of the Property owned by the Company at 37 DEF Industrial Area, Kirti Nagar, New Delhi is held by the Company in its own Name, and the documents thereof are pledged with the Axis Bank

(ii) The Compny does not hold any property as Investment as any time during the year

(iii) The Company has not revalued any of its Property, Plant and Equipment (including Right-of-Use Assets) during the year.

(iv) The Company does not have any intangible assets at any time during the year

(v) The company has not granted Loans to promoters, directors, KMPs and the related parties (as defined under Companies Act, 2013) at any time during the year.

(vi) The Company does not own any Capital Work in Progress (CWIP) at the close of the financial year.

(vii) The Company does not have any Intangible assets under development at any time during the year

(viii) The Company does not have any Benami property, where any proceeding has been initiated or pending against the Company for holding any Benami property.

(ix) The company has utilised non fund base borrowings from Axis Banks. No Statement of Working Capital is required furnished to the Banker in respect of above . Only periodical Unhedged Foreign Currency Exposure report are submitted , which are in agreement with the books of account

(x) The Company is not declared as willful defaulter by any bank or financial institution (as defined under the Companies Act, 2013) or consortium thereof or other lender in accordance with the guidelines on willful defaulters issued by the Reserve Bank of India.

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

(xii) There are no charges or satisfaction of Charges yet to be registered with ROC beyond the statutory period. However, On MCA site updation with respect to satisfaction of charges filed for Loans from Oriental Bank of Commerce and Global Trust Bank are yet to be regularised.

(xiii) The Company does not have any subsidiary, hence the provision with regrd to complaince with the number of layers for its holding in downstream companies prescribed under clause (87) of section 2 of the Companies Act, 2013 read with the Companies (Restriction on number of Layers) Rules, 2017 are not applicable to the company.

(xiv) During the year under report no Scheme of Arrangements has been approved by the Competent Authority in terms of sections 230 to 237 of the Companies Act, 2013.

(xv) The company has not advanced or loaned or invested funds (either borrowed funds or share premium or any other sources or kind of funds) to any other person(s) or entity(is), including foreign entities (Intermediaries) with the understanding (whether recorded in writing or otherwise) that the Intermediary shall (i) 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 (ii) provide any guarantee, security or the like to or on behalf of the Ultimate Beneficiaries;

(xvi) The company has not received any fund from any person(s) or entity(is), including foreign entities (Funding Party) 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 or on behalf of the Funding Party (Ultimate Beneficiaries) or(ii) provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries.

(xvii) The Company has not traded or invested in Crypto currency or Virtual Currency during the financial year

(xviii) The Company does not have any transaction which are not recorded in the books of accounts that have been surrendered or disclosed as income during the year in the tax assessments under the Income Tax Act, 1961.

31 PROVISION FOR TAXATION:

Provision for current income tax is made on the basis of assessable income under the Income Tax Act 1961. |

Deferred income tax is recognized on timing differences between taxable income and accounting income, which originated in one period and are capable on reversal in one or more subsequent periods. The tax effect is calculated on the accumulated timing differences at the year end based on tax rates and laws enacted or substantially enacted as on the balance sheet date.

32 During the Financial year 2019-20, Rs. 1,45.80 Lacs - in respect of tax refundable from Income tax department in respect of Assessment year 1994-95, and 1995-96 ,were charged to profit and loss account, on the basis of an opinion that the refund claimed from the department is not maintainable.

33 None of the creditors are small scale industrial undertakings to whom the company owes a sum which is outstanding as on the Balance Sheet date.

34 Debit/Credit balances of parties are subject to balance confirmation and reconciliation.

35 Market value of certain long term Investments in shares have eroded due to prevailing depressed market conditions, have been considered as permanent and accordingly provision for diminution in value of the investments have been provided for.

36 Non-fund base limit for Letter of Credit taken from Axix Bank is secured against goods under such Letter of Credit, Assignment of receivables and mortgage of immovable properties belonging to the company and personal guarantee of Managing Director and whole- time Director of the company.

44 There are no separate reportable segments as per IND AS 108.

45 Figure for previous year have been regrouped, re-arranged and recast wherever necessary and figures in brackets represent previous year figures.