1.1 Due to non-significant operational activities during the year, it was decided to provide 20 % of normal depreciation rate for wear and tear as depreciation. The company has yet to assess revised useful lives as specified in Schedule-II to The Companies Act, 2013 on a block of assets approach rather than individual assets.

¹.² The company is in process of updating records showing full particulars, including quantitative details and situation of fixed assets and depreciation working done based on block concepts instead individual machine wise.

1.3 To start production activities, company has carried out major repairs and renovation in fixed assets blocks from September 2022 onwards and capitalisation of Rs. 137.54 Lacs expenses.

1.4 Due to no major operational activities in the company during the entire year, no physical verification of assets done as required by the management. The above reported figures are the book value of assets only. As required under IND AS 16, Property, Pant and Equipments, no provision made as required to acertain and determination of carrying amount and impairment losses to be recognised.

Note: 1. In Current year company has written off of full amount in view of uncertainity of realisability of investments amount on account of on going liquidation process of the companies. In previsous year, Diamond Power Transformers Limited - an associate company of DPIL holding 45.32 % in DPTL. It was wholly owned subsidiary until January 2016, On 12.01.2 016, preferential allotment was made to Diamond Power Transmission Pvt. Ltd. (54.50 %)

2. In Current year company has written off of full amount in view of uncertainity of realisability of invesments amount on account of on going liquidation process of the companies. In previous year, Apex Electricals Limited- Company has applied for structuring under BIFR since 2011. The investment in Apex Electrical Limited is reflected in the books of DPIL since FY 2 007,

Note: 1 . In Current year company has done provision of full amount in view of uncertainity of realisability of unsecured loan amount on account of non availablitiy required details of DPGHL. In prevsious year, the company has given interest free loan to subsidiary, associates company and enterprises over which directors and their relatives exercise significant control for operational purpose,

Note:2. Previous periods figures have been re-arranged / re-grouped wherever considered necessary to confirm to the presentation of the current period.

Note: 1. In Current year company has done written off provision of full amount of Deffered Forward Premium Account as per approved NCLT Plan. The provision against Income Tax Assets amounting to Rs. 187.74 Lacs was made during the year and which is regrouped to Provision for Doubtful Deposits.

Note: during the current year, company has liquidated investment amount, long term capital Loss accounted of Rs. 1.57 Lacs. We had already booked unrealised Capital Gain/ Loss in respective years based on NAV as on reported date. In previous year, the NAV as per the NSDL consolidated statement as on March 31, 2022 stands to be INR 16.51 per unit.

Note: 1- In the current year, additional provision done for of old book debts, which is outstanding before trriger date, in view of non availability of details for realisability of it. During previous year, company has provided provision for doutful debts for unpaid debts above 12 months as per management view.

Note : In current year, cash balance were verified by the management of the company. We had given suitable effects in the books based on the Statement/ Balance confirmation received from respective banks. In previous year, credit balance is due to over-drawn position in current accounts as no bank statements available in previous year.

Note : In current year, company has taken BG against FD margin for GEB and provision were done for unrealisable FDs, based on the confirmation/ statement received form respective banks. For previsou year, no bank statements available, so no bank reconciliation were prepared.

Note: 1- In the current year, company has done provision for doubtful loans in view of uncertainity for realisability of loans. In previous years, the company has given interest free loan to subsidiary, associates company and enterprises over which directors and their relatives exercise significant control for operational purpose.

Note:1- In current year, company has done for provision for Advances against purchase of material/ services includes amounts given to associates entities before Trriger Date, due to uncertaininty about realisability or not and no additional information available with present management team.

14.1 Rights, preferences and restrictions attached to equity shares:

i) During the Period under review in terms of the National Company Law Tribunal, Ahmedabad bench order dated 20th June, 2022, the 269710679 Equity Shares of the Company were extinguished to the extent of 99% of the Share Capital and accordingly, the Equity Share Capital after Reduction of Share Capital is 2697106 Equity Shares ofRs. 10 each, aggregating to Rs. 269.71 Lacs. Further, 5 Cr. Equity shares ofRs. 10 each were issued to the new promoters of the Company atPAR aggregating to Rs. 50 Cr. Therefore the Total paid up share capital of the Company is 52697106 Equity shares of Rs. 10 each aggregating to Rs. 526.97 Lacs. The Preference Share capital is totally written off in terms of the NCLT order dated 20th June, 2022.

ii) The Company has a single class of equity shares. Accordingly, all equity shares rank equally with regard to dividends and share in the Company's residual assets. The equity shares are entitled to receive dividend as declared from time to time. The voting rights of shareholders are in proportion to its share of paid up equity capital of the Company. Voting rights cannot be exercised in respect of shares on which any call or other sums presently payable have not been paid.

iii) Each holder of Equity share is entitled to one vote for each share.

14.2 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 :

During the five year period ended 31 March 2023

a) Shares have been allotted pursuant to a contract without payment being received in cash. Under “Strategic Debt Restructuring" (SDR) on 29 June 2016 under the extant of RBI guidelines. As a part of the SDR, the lenders have converted part of their dues amounting Rs. 828.43 Crores representing 74.42% into equity Shares ofRs. 10/- each at a premium ofRs. 31.28/- per equity shares and accordingly the new equity shares of the company are issued to them in January'2017 in proportion of their outstanding dues.

b) No shares have been bought back

Note : As per the NCLT resolution plan order dated 20/06/2022, company has to pay Rs. 501 Crs in the period of 5 years and Rs. 1,899 Crs at the end of 30 years in form of Unsecured redeemable bond. Out of Rs. 501 Crs., Rs. 20 Crs to meet resolution cost, Rs. 5 Crs for operational Creditors, Rs. 2.40 Crs to meet employees liabilities and Rs. 473.60 Crs to be paid over period of 5 years to financial creditors. During the year company has paid Rs. 71.70 Crs to Financial creditors and seperately created liabiltiies towards non convertible debentures of Rs. 33.16 Crs.

Note : 1 - As per the NCLT resolution plan order dated 20/06/2022, company has to pay Rs. 501 Crs in the period of 5 years and Rs. 1899 Crs at the end of 30 years. Out of Rs. 501 Crs., Rs. 20 Crs to meet resolution cost, Rs. 5 Crs for operational Creditors, Rs. 2.40 Crs to meet employees liabilities and Rs. 473.60 Crs to be paid over period of 5 years to financial creditors. During the year company has seperately accounted liabiltiies seperately towards non convertible debentures of Rs. 33.16 Crs. and Unsecured redeemable bonds amount repayble at the end of 30 years amounting to Rs. 1899.28 Crs.

2 - During the year, company has taken unsecured loan from related parties at interest rate of 10 % p.a. repayment terms yet to be finalised.

3 - Company has provided and transfered to Capital reserves account liabilities of forward premium and preference shares in compliances with NCLT approved plan order dated 20/06/2022.

Note: 1- No provision made for Grauity and leave Encashment liablility during the year as required under IND AS, as no major operation during the current year and no activities in previous year. The previsous year liabilities were provided and transfered to capital reserves account as per approved NCLT plan order dated 20/06/2022.

2 - As per approved NCLT resolution plan Rs. 2.40 Crs provided for payment of old employees dues, as due to litigation matter, no payments were made towards old employees due.

20.1 As per the NCLT resolution plan order dated 20/06/2022, company has to pay Rs. 501 Crs in the period of 5 years and Rs. 1899 Crs at the end of 30 years. Out of Rs. 501 Crs., Rs. 20 Crs to meet resolution cost, Rs. 5 Crs for operational Creditors, Rs. 2.40 Crs to meet employees liabilities and Rs. 473.60 Crs to be paid over period of 5 years to financial creditors. The liabilities accounted of Rs. 4.43 Lacs, towards CIRP Expenses unpaid to bank.

21.1 As per the NCLT resolution plan order dated 20/06/2022, company has to pay Rs. 501 Crs in the period of 5 years and Rs. 1899 Crs at the end of 30 years. Out of Rs. 501 Crs., Rs. 20 Crs to meet resolution cost, Rs. 5 Crs for operational Creditors, Rs. 2.40 Crs to meet employees liabilities and Rs. 473.60 Crs to be paid over period of 5 years to financial creditors. During the year company has paid Rs. 5 Crs to operational creditors and other outstanding liabilties provided and transfered to capital reserves.

21.2 The Company had sought confirmation from its vendors on their status under Micro, Small and Medium Enterprises Development Act, 2006 ("MSMED Act”) which came into force from 2 October 2006.

21.3 The amount due to Micro & Small Enterprises as defined in the "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.

22.1 As per the NCLT resolution plan order dated 20/06/2022, company has to pay Rs. 501 Crs in the period of 5 years and Rs. 1899 Crs at the end of 30 years. Out of Rs. 501 Crs., Rs. 20 Crs to meet resolution cost, Rs. 5 Crs for operational Creditors, Rs. 2.40 Crs to meet employees liabilities and Rs. 473.60 Crs to be paid over period of 5 years to financial creditors. During the year company has provided interest liabilties and other liabilties and transfered to capital reserves.

23.1 1 -No provision made for Grauity and leave Encashment liablility during the year, as no major operation during the current year and no activities in previous year. The previsous year liabilities were provided and transfered to capital reserves account as per approved NCLT plan order dated 20/06/2022

2 - As per approved NCLT resolution plan Rs. 2.40 Crs provided for payment of old employees dues, as due to litigation matter, no payments were made towards old employees due.

3- all unclaimed statutory payments unpaid since trrigered date onwards as reported, it was written off in complainces with approved resolution NCLT order.

24.1 1-No provision made for Grauity and leave Encashment liablility during the year as required under IND As, as no major operation during the current year and no activities in previous year. The previsous year liabilities were provided and transfered to capital reserves account as per approved NCLT plan order dated 20/06/2022.

31.1 1- The new management has taken over management of the company from triger date 17/09/2022 as per the NCLT approved resolution plan order dated 20/06/2022 and incurred expenditures for repairs and maintenance of fixed assets for starting of operational activities in the company. All major repairs expenditure were capitalised.

2 - During the previous year, accounting of expenses for CIRP process, it was started from 24th August 2018 onwards.

313 Details of CSR expenditure

The provisions under section 135 and the rules thereof pertaining to Corporate social responsibility are not applicable to the Company during the year.

32.1 During the Period under review in terms of the National Company Law Tribunal, Ahmedabad bench order dated 20th June, 2022, the 269710679 Equity Shares of the Company were extinguished to the extent of 99% of the Share Capital and accordingly, the Equity Share Capital after Reduction of Share Capital is 2697106 Equity Shares of Rs. 10 each, aggregating to Rs. 269.71 Lacs. Further, 5 Cr. Equity shares of Rs. 10 each were issued to the new promoters of the Company at PAR aggregating to Rs. 50 Cr. Therefore the Total paid up share capital of the Company is 52697106 Equity shares of Rs. 10 each aggregating to Rs. 526.97 Lacs. The Preference Share capital is totally written off in terms of the NCLT order dated 20th June, 2022.