Note B: Terms / rights attached to Equity Shares:

The Company has equity shares having a nominal value of Rs.5 each. All equity shares rank equally with regard to dividend and share in the Company’s residual assets. Each holder of equity shares is entitled to one vote per share. The equity shares are entitled to receive dividend as declared from time to time. The dividend proposed by the Board of Directors is subject to the approval of the shareholders in the ensuing Annual General Meeting, except interim dividend. In the event of liquidation of the Company, the holders of equity shares will be entitled to receive remaining assets of the Company, after distribution of all preferential amounts. The distribution will be in proportion to the number of equity shares held by shareholders.

The Company’s objective of capital management is to maximise the return to its shareholders through optimal mix of debt and equity. The Company determines the amount of capital required on the basis of annual and longterm operating plans. The funding requirements are met through equity and long term/short term borrowings. The Company monitors the capital structure on the basis of Net debt to equity ratio and maturity profile of the overall debt portfolio of the Company.

Proposed Dividend

The Board of Directors at its meeting held on 28th May 2024 have recommended a payment of a dividend of 40% per equity share of face value of Rs. 5/- each for the financial year ended 31.03.2024. The same amounts to Rs. 52.01 Lakhs

Capital Reserve comprises profits of Capital nature and it is not considered a free reserve for the purpose of dividend distribution

General Reserve:

General Reserve comprises profits of revenue nature set apart to meet any unforeseen contingencies and is considered as a free reserve for the purpose of dividend distribution

Note 1

The vehicle loan from Bank carries interest at the rate of 8.40% p.a and is repayable in 84 equal installments from January 2020. Loan is secured against hypothecation of the vehicle.

Note 2

The vehicle loan from Bank carries interest at the rate of 8.75% p.a and is repayable in 60 equal installments from April 2020. Loan is secured against hypothecation of the vehicle.

Note 3

The vehicle loan from Bank carries interest at the rate of 7.80% p.a and is repayable in 84 equal installments from August 2022. Loan is secured against hypothecation of the vehicle.

Note 4

The vehicle loan from Bank carries interest at the rate of 8.21% p.a and is repayable in 60 equal installments from December 2022. Loan is secured against hypothecation of the vehicle.

Note 5

The Loan from Non Bank Financial Institution interest at the rate of 9.25% p.a and is repayable in 72 installments from December 2022. Loan is secured against Paripasu charge over present and future Current and movable fixed asset and pledge of equity shares of Sindoori Management Solutions P. Ltd., on a fully diluted basis

There has been no default in repayment of any borrowings as on the balance sheet date. The company has not been declared a willful default during the year.

* There are no outstanding amounts payable beyond the agreed period to Micro and Small enterprises as required by MSMED Act, 2006 as on the Balance Sheet date to the extent such enterprises have been identified based on information available with the Company . In view of this there is no overdue interest payable.

FVTPL => Fair Value Through Profit & Loss Assets and Liabilties not carried at Fair values

The Management considers that the carrying amount approxiemate the fair value inrespect of financial assets and financial liabilites carried at amortised cost, such fair values have been computed using level 3 inputs.

1 Level 1 items fair value measurement hireachy are as follows:

a) Level 1 item of fair valuation based on market price quotation at each reporting date

b) Level 2 items of fair valuation is based on significant observable input like PV of future cash flows, MTM valuation, etc.

c) Level 3 item of fair valuation is based upon significant unobservable inputs where valuation is done by independent valuer.

2 The carrying amounts of trade receivables, trade payables, cash and cash equivalents and other current financial assets and are considered to be the same as their fair values, due to their short-term nature.

3 For financial assets and liabilities that are measured at fair value, the carrying amounts are equal to the fair values. The fair value of the financial assets and financial liabilites is the amount at which the instrument could be exchanged in a current transaction between willing parties, other than in a forced or liquidation sale.

Method and assumption

The following methods and assumption were used to estimate the fair value at the reporting date:

Loans to employees, security deposit paid and security deposit received are valued using discounted cash flow using rates currently available for items on similar terms , credit risk and maturities.

Note 32: Financial instruments and Risk factorsFinancial Risk factors

The Company’s financial liabilities comprise of short term and long term borrowings, trade payables, employees dues, unpaid dividend and security deposit. The main purpose of financial liabilities is to support the companies financial operations. The Company’s financial assets includes security deposit, investments, trade receivables, staff advance, cash and cash equivalents, Bank balances, etc that derive directly from the operations.

To ensure alignment of risk management system with the corporate and operational objective and to improve upon the existing procedure, the company oversees various risk factor for managng of these risks.

Interest rate risk

The Company is exposed to interest rate risk from the possibility that the inflow in the interest rate will affect future cash flows of a finacial instruments.

The sensitivity to the changes in the interest rate have been determined by assuming the amount of liabililty as at the end of the reporting period was outstanding throughout the year. A 50-basis points fluctuation has been used to demonstrate the sensitivity of profit or loss and equity to interest rate holding all other variables constant

Credit risk

Customer credit risk is managed according to the Company’s policy, procedure and control relating to customers’ credit risk management. Outstanding receivables are monitored regularly. MIS prepared by the management time to time is according to varieties of customer and services. Sales to walk-in customers are made by way of Cash, PayTM and debit/credit payments. Food sold to industrial customers is on credit basis.

Liquidity risk

“The Company monitors its risk of shortage of funds usuing detailed cash flow projections which is monitored closely on a daily basis.

The Company has been sanctioned cash credit limit of Rs.35 Crores by a scheduled bank for meeting working capital requiment of the Company. The cash credit facility is secured by exclusive charge over inventory, trade receivables and all the fixed assets of the Company.”

The table below summarises the maturity profile of the Company’s financial liabilities and financial assets based on contractual undiscounted payments as at 31st March 2024

There are no reportable geographical segments as the Company’s operations are confined to only one geographical location.

Note 42 :

“No funds (which are material either individually or in the aggregate) 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, directly or indirectly lend or invest in other persons or entities identified in any manner whatsoever by or on behalf of the Company (“Ultimate Beneficiary”) or provide any guarantee, security or the like on behalf of the Ultimate Beneficiary.”

Note 43 :

No funds (which are material either individually or in the aggregate) 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, 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.

Note 44 :

Figures for the previous year have been regrouped or rearranged wherever necessary. Figures have been rounded off to the nearest rupees.