Movement of Shares in Preceding 5 years

• The Company had issues 7,05,000 equity shares on right basis ('Rights Equity Shares') during the FY 202021.

• The Company has issued 27,55,000 Bonus shares in ratio of 1:1 on April 24, 2021.

• The Company also issued 19,98,000 shares through IPO on October 22, 2021.

27. Secured Loans

I. Long Term Loans from banks are secured by way of First Pari Passu Charge on all the fixed assets of the Company (both present & future) and further secured by way of Second Pari Passu Charge on all the current assets of the Company. Further is secured by personal guarantee of Directors, Sh. Dhruv Rakesh, Smt. Rekha Bansal, Sh. Rakesh Kumar And Corporate Guarantee by subsidiary M/s Satguru Engravures.

II. Working Capital Limits are secured by way of First Pari Passu Charge on all the current assets of the Company and further secured by way of Second Pari Passu Charge on all the fixed assets of the Company, personal guarantee of Directors, Sh. Dhruv Rakesh, Smt. Rekha Bansal, Sh. Rakesh Kumar. And Corporate Guarantee by subsidiary M/s Satguru Engravures.

28. Current Liabilities

In the opinion of the management of the Company, there are no micro, small and medium Enterprises, to whom the Company owes dues, which are outstanding for more than 45 days as at March 31, 2024. Only parties for which relevant confirmations regarding their micro, small and medium enterprise status had been received till balance sheet date have been classified as MSME. The 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 the information available with the Company and have been relied upon by the statutory auditors of the Company.

30. Employees Retirement Benefits

Defined Contribution Plans: Contribution to Provident Fund and ESI of Rs. 15.12 Lacs in current year (Previous year Rs. 12.16 Lacs) is recognized as an expense and included in 'Contribution to Provident and Other Funds' in the Statement of Profit and Loss.

Defined Benefit Plans: The Company has not yet completed 5 years since its incorporation. However, the company has a gratuity scheme whereby it contributes premium annually to Life Insurance Corporation of India to cover its statutory as well as contractual liability to its employees. The company has not recognized any gratuity during this year, (Previous year Rs. 2.97 Lacs).

32. Current Assets, Loans & Advances

In the opinion of the management of the Company, the current assets, loans and advances are approximately of the value as stated, if realized in the ordinary course of business and are subject to confirmation/reconciliation.

34. Income Tax

Current Tax

Provision for Income tax has been made as per the relevant rates and provisions of the Income-tax Act, 1961. The Company has opted for Section 115BAA of Income Tax Act,1961 during the quarter.

Deferred Tax

In compliance with Accounting Standard (AS-22) relating to "Accounting on Taxes on Income" issued by the Institute of Chartered Accountants of India, the Company has provided Deferred Tax Liability during the year aggregating to Rs. 24.40 Lacs (previous year Deferred Tax liability Rs.7.44 Lacs) and it has been recognized in the Statement of Profit & Loss. In accordance with clause 29 of Accounting Standard (AS 22) Deferred Tax Assets and Deferred Tax Liabilities have been set off.

37. Fixed assets possessed by the company are treated as corporate assets and are not Cash Generating Unit as per Accounting Standard -28 issued by the Institute of Chartered Accountants of India. In the opinion of management there is no impairment of the fixed assets of the company.

39. Operating Lease

Office premises and factory taken by company are obtained on operating leases. The company entered into certain cancellable operating lease arrangements towards office premises and factory. There are no restrictions imposed by lease arrangements. There are no subleases. The lease rentals charged during the year as per lease arrangement are Rs. 48.79 lacs (Previous Year Rs. 45.04 lacs).

(3) Soap Stiffener & Wrapper

(4) The divisions are the basis on which the company reports its primary segment information. The 'BOPP Tape and laminates' segment produces BOPP Tape, Laminate and liner. The 'Corrugated sheets and boxes' segment manufactures Corrugated sleeves, sheets and Boxes. The 'Soap Stiffener and Wrapper' segment produces soap stiffeners and wrappers.

(b) Segment revenues and expenses

All segment revenues and expenses are directly attributable to the segments.

(c) Segment assets and liabilities:

Segment Assets and Segment Liabilities represent Assets and Liabilities in respective segments. Tax related assets and other assets and liabilities that cannot be allocated to a segment on reasonable basis have been disclosed as "Unallocable".

(d) Inter-segment transfers:

Segment revenue, segment expenses and segment result include transfers between business segments and between geographical segments. Such transfers are accounted for at competitive market prices charged to unaffiliated customers for similar goods. Those transfers are eliminated in consolidation.

(e) Accounting policies:

The accounting policies consistently used in the preparation of the financial statements are also applied to items of revenues and expenditure in individual segments.

(f) Unallocable and Head office expenses

General administrative expenses, head-office expenses, and other expenses that arise at the corporate level and relate to the Group as a whole, are shown as unallocable item

The other income includes interest income, dividend income and Share of income from partnership firm, which are recurring in nature and hence no income is classified as non-recurring.

42. Depreciation

Depreciation on fixed assets is provided on straight-line method at the rates and in the manner prescribed in Schedule II of the Companies Act, 2013 over their useful life.

43. Related Party Disclosures

Related party disclosures as required under Accounting Standard (AS-18) on "Related Party Disclosures" issued by the Institute of Chartered Accountants of India are given below: -

a) Relationship

i) Subsidiary Companies/Firm Satguru Engravures

ii) Joint Ventures and Associates NIL

iii) Key Management Personnel (Managing Director/Whole-time directors)

Mr. Dhruv Rakesh Mr. Rakesh Kumar Mrs. Rekha Bansal

Ms. Indu Bala (Company's Secretary)

Mr. Baljeet Singh (CFO)

iv) Entities over which key management personnel/ their relatives are able to exercise control

Rakesh Kumar HUF

Sankyo Enterprises (Proprietorship of Mr. Dhruv Rakesh)

b) The following transactions were carried out with related parties in the ordinary course of business.

48. Previous year figures have been regrouped and re-arranged whenever considered necessary to make it compatible with current year figures. The figures in financial statements have been reflected in nearest rupee Lacs.