2.5 The company has only one class of equity shares having a par value of ? 10 per share. Each holder of equity shares shall have one vote for each share of which he is a holder.

I n the event of liquidation of the company, the holders of the equity shares will be entitled to receive remaining assets of the company, after distribution of all preferential amounts. The distribution will be proportionate to the number of equity shares held by the shareholders.

2.6 Note for Aggregate number of bonus shares issued, shares issued for consideration other than cash and shares bought back during the period of five years immediately preceding the reporting date: NIL

2.7 Calls unpaid : NIL; Forfeited Shares : NIL

Distributions Proposed:

For the current financial year 2023-24, Company has proposed dividend of ? 1.00 per equity share to equity shareholder (declared for the previous financial year dividend of ? 0.80 per equity share). The dividend proposed by the Board of Directors is subject to the approval of the shareholders in the ensuing Annual General Meeting.

8.1) Disclosures under Micro, Small & Medium Enterprise Development Act, 2006

Under the Micro, Small & Medium Enterprises Development Act, 2006 which came into force from 2 October 2006, certain disclosures are required to be made relating to Micro, Small & Medium Enterprises. The Company is in the process of compiling relevant information from its suppliers about their coverage under the said Act. Since the relevant information is not readily available, no disclosures have been made in the accounts.

(i) The estimates of future salary increases, considered in actuarial valuation, takes account of inflation, seniority, promotion and other relevant factors such as supply and demand in the employment market. The above information is certified by Actuary.

(ii) The expected rate or return on plan assets is determined considering several applicable factors, mainly composition of Plan assets held, assessed risks, historical return on plan assets and the Company's policy for plan assets management.

II Defined Contribution Plans

(i) Provident Fund is a defined contribution scheme established under a State Plan. Total employer's contribution to provident fund during the current period is ? 8.00 Lakhs (FY 22-23 ? 6.98 Lakhs) & Pension Scheme is ? 17.14 Lakhs (FY 22-23 ? 15.71 Lakhs).

30) Company has recognized Goodwill of ' 100.00 Lakhs in FY 2012 - 2013 on conversion from Partnership Firm to Company which has not been amortized till FY 22-23 in line with the requirements of Accounting Standard 26 "Intangible Assets". Considering the life of 10 years, company has fully amortized the same in FY 23-24.

31) Utilisation of IPO Proceeds

During the year Company completed its Initial Public Offering ('IPO') of 56,00,000 equity shares of face value of ? 10 each at an issue prices of ? 140 per share (including share premium of ? 130 per share) on National Stock Exchange SME ("NSE SME") on December 15, 2023.

Consequent to allotment fresh issue, the paid-up equity share capital of the Company stands increased from ? 1,544.30 lakhs consisiting of 1,54,43,000 equity shares of ? 10 each to ? 2,104.30 lakhs consisting of 2,10,43,000 equity shares of ? 10 each.

In respect of the above matters, the expected outflow will be determined at the time of final resolution of the dispute. Capital Commitments as at March 31,2024 is ? 711.60 Lakhs. (As on March 31,2023 ? Nil).

32.5 Other Statutory Information

a) Details of benami property held: No proceedings have been initiated on or are pending against the Company for holding benami property under the Benami Transactions (Prohibition) Act, 1988 (45 of 1988) and rules made thereunder.

b) Registration of charges or satisfaction with Registrar of Companies (ROC): The Company does not have any charges or satisfaction which is yet to be registered with ROC beyond the statutory period.

c) Details of crypto currency or virtual currency: The Company has not traded or invested in crypto currency or virtual currency during the current or previous year.

d) Utilisation of borrowed funds and share premium: 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 or entity, 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(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.

e) Undisclosed income: There is no income surrendered or disclosed as income during the current or previous year in the tax assessments under the IncomeTax Act, 1961, that has not been recorded previously in the books of account.

f) Wilful defaulter: The Company has not been declared wilful defaulter by any bank or financial institution or other lender.

g) Compliance with number of layers of companies: The Company has complied with the number of layers prescribed under the Section 2(87) of the Companies Act, 2013 read with Companies (Restriction on number of layers) Rules, 2017.

h) Valuation of Property Plant & Equipment, intangible asset: The Company has not revalued its property, plant and equipment or intangible assets or both during the current or previous year.

i) The Company has borrowings from Banks on the basis of security of current assets. Quarterly returns \ statements of current assets filed by the company with banks are in agreement with the books of accounts subject to minor deviations which are not material.

j) Relationship with struck off companies: The Company has no transactions with the companies struck off under Section 248 of the Companies Act, 2013 or Section 560 of the Companies Act, 1956.

k) Utilisation of borrowings availed from banks and financial institutions: The borrowings obtained by the company from banks and financial institutions have been applied for the purposes for which such loans were taken.

32.6 Balances of Trade Receivables, Trade Payables, Loans & Advances, Unsecured Loans etc. are subject to confirmation and reconciliation, if any.

32.7 In the opinion of Board of Directors; Current Assets, Loans & Advances (Including Capital Advances) have a value on realization in the ordinary course of business at least equal to the amount at which they are stated, Adequate Provisions have been made in the accounts for all the known liabilities.

32.8 The Company evaluates events and transactions that occur subsequent to the balance sheet date but prior to the financial statements to determine the necessity for recognition and/or reporting of any of these events and transactions in the financial statements. As of May 17, 2024 there were no subsequent events to be recognized or reported that are not already disclosed.

32.9 Previous Year Figures are regrouped / reclassified wherever required in order to make it comparable in line current period.