1 Contingent liabilities and commitments (to the extent not provided for):

2 Company hasn't proposed any Dividend during the financial year 2023-24.

3 No issue of securities were made for the specific purpose by the company during the reporting year.

4 The company has not made borrowings from banks and financial institution for the specific purpose during the reporting year.

5 In the opinion of the Board, the assets other than Property, Plant and Equipment, Intangible Assets and non-current investments have value on realization in the ordinary course of business equal to the amount at which they are stated

6 Details of Benami Property held

The Company has no proceedings which have been initiated or pending against the company for holding any benami property under the Benami Transactions (Prohibition) Act, 1988 (45 of 1988) and the rules made thereunder.

8 Wilful Defaulter

The company is not declared as wilful defaulter by any bank or financial institution or other lender.

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

10 The Company do not have any charges or satisfaction yet to be registered with Registrar of Companies beyond the statutory period.

11 Compliance with number of layers of companies:

The company has no parent and subsidiaries with the number of layers prescribed under clause (87) of section 2 of the Act read with Companies (Restriction on number of Layers) Rules, 2017.

12 Compliance with approved Scheme(s) of Arrangements:

No Scheme of Arrangements has been approved by the Competent Authority in terms of sections 230 to 237 of the Companies Act, 2013.

13 Utilisation of Borrowed funds and share premium:

A. Where 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(ies), 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.

B. Where a company has received any fund from any person(s) or entity(ies), 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.

15 Corporate Social Responsibility:

In case of Companies covered under section 135, amount of expenditure incurred on corporate social responsibility activities are as follows:

a. Amount required to be spent by the company during the year is Rs. 8.53 Lakhs

c. shortfall at the end of the year out of the amount required to be spent by the Company during the year- 1 . 78 Lakhs

d. total of previous years shortfall-NIL

e. The reason for above shortfalls by way of a note,

(a) the shortfall amount ( 1.78 Lakhs ), in respect of other than ongoing projects, is expected to transfer to a Fund specified in Schedule VII tithe Act, as per section 135(5) of the Act;

(b) The shortfall amount (i.e. unspent amount), pursuant to any ongoing project, transferred to special account as per section 135(6) of the Act.-NA

f. The nature of CSR activities undertaken by the Company-Promoting education

g. Details of related party transactions-Nil

h. The Company has not made any provision with respect to a liability incurred by entering into a contractual obligation.

18 (a) The company has not set aside or proposed to be set aside any material amount to reserve, but not including

provisions made to meet any specific liability, contingency or commitment known to exist at the date as to which the balance sheet is made up.

19 (a) The company has not set aside any material amount for provisions made for meeting specific liabilities,

contingencies or commitments.

20 (a) No Dividends received from subsidiary companies.

(b) No Provision has been for losses of subsidiary companies

24 Undisclosed income:

The Company do not have any transactions which are not recorded in the books of accounts that has been surrendered or disclosed as income during the year in the tax assessments under the Income Tax Act, 1961. There is no previously unrecorded income and related assets have been recorded in the books of account during the year.

25 Details of Crypto Currency or Virtual Currency:

The Company has not traded or invested in Crypto currency or Virtual Currency during the Period

26 Dues to Micro, Small and Medium Enterprises:

The principal amount remaining unpaid to the supplier registered under Micro, Small and Medium Enterprises Development Act, 2006 are outstanding for more than 45 days as at the end of the reporting period and compounding interest amounts to Rs. 0.56 Lakhs

Notes to be disclosed

1. Terms and conditions of sales and purchases: the sales and purchases transactions among the related parties are in the ordinary course of business based on normal commercial terms, conditions, market rates and memorandum of understanding signed with the related parties. For the year ended 31st March, 2024, the Company has not recorded any loss allowances for transactions between the related parties.

2. As the future liabilities for gratuity and leave encashment is provided on an actuarial basis and payment of insurance costs are made for the Company as a whole, the amount pertaining to the key management personnel is not ascertainable, therefore, not included above.

3. No amounts in respect of related parties have been written off/ written back during the year or has not made any provision for doubtful debts/ receivable.

4. The borrowings of the Company are secured by personal guarantees given by the Bala Manikandan and Sarladevi.

31 Inventories:

As on 31st March, 2024 the Company has Inventories at Rs. 1,313.48 Lakhs

(a) the amount of any write-down of inventories recognised as an expense in the period-Nil

(b) the amount of any reversal of any write-down that is recognised as a reduction in the amount of inventories recognised as expense in the period.-NIL

(c) the circumstances or events that led to the reversal of a write down of inventories-Nil

(d) the carrying amount of inventories pledged as security for liabilities during the reporting period is Rs 1,313.48 Lakhs

32 Employee Benefit (Incurred in India):

A. Provident Fund - The Company has contributed Rs. 11.00 Lakhs for the year ended 2024 and Rs. 6.09 Lakhs for the year ended 2023 towards the Employees Provident Fund.

B. Gratuity - The Present value of obligation is determined based on actuarial valuation using the Projected Unit Credit Method. This method considers each period of service as giving rise to an additional unit of benefit entitlement and measures each unit separately to build up the final obligation.

Interest cost: It is the increase in the Plan liability over the accounting period resulting from the operation of the actuarial assumption of the interest rate.

Current Service Cost: is the discounted present value of the benefits from the Plan's benefit formula attributable to the services rendered by employees during the accounting period.

Actuarial Gain or Loss: occurs when the experience of the Plan differs from that anticipated from the actuarial assumptions. It could also occur due to changes made in the actuarial assumptions.

34 Changes in Accounting Estimates

There are no changes in Accounting Estimates made by the company during the year.

35 Changes in Accounting Policies

There are no changes in an accounting policies made by the company during the year.

36 Postponement of Revenue Recognition

There are no circumstances in which revenue recognition has been postponed pending the resolution of significant

uncertainties.

37 Disclosures on PPE and Intangible Assets

I. Property, plant and equipment

1) The Company have restrictions on the title property, plant and equipment pledged as security for liabilities.

2) There is contractual commitments for the acquisition of property, plant and equipment to the tune of Rs. 3000 Lakhs.

3) There is no amount of compensation from third parties for items of property, plant and equipment that were impaired, lost or given up that is included in the statement of profit and loss.

4) Company has no assets that are retired from active use and held for disposal.

5) There are no temporarily idle property, plant and equipment.

6) The Company has fully depreciated property, plant and equipment that is still in use.

7) The Company has not revalued any class of property, plant and equipment during the financial year.

8) The Company has no property, plant and equipment retired from active use and not held for disposal.

II. Intangible asset

1) The company has no Intangible assets which has been amortised over more than ten years, from the date when the asset is available for use.

2) Company has no individual intangible asset that is material to the financial statements of the enterprise as a whole.

3) The title of intangible assets are not restricted and the carrying amounts of intangible assets are not pledged as security for liabilities.

4) The Company has no commitments for the acquisition of intangible assets.

5) The company has no intangible asset which is fully amortised and that is still in use.

6) Company has not acquired any assets through business combinations.

7) The Company has recognised the depreciation charged during the period in statement of profit and loss.

38 Investments

(a) Company has not disposed of any Investment during the year.

(b) The Company has made investment in Axis short term fund - Regular growth of Rs.45.48 Lakhs(Market value Rs.48.50 Lakhs) and which has been lien marked in favour of Tata Capital Financial Services Ltd

39 Government Grants

1. Government grants recognized in the financial statements, including grants of non-monetary assets given at a concessional rate or free of cost.

2. The government grants that are receivable as compensation for expenses or losses incurred in a previous accounting period or for the purpose of giving immediate financial support to the enterprise with no further related costs has been disclosed in the statement of profit and loss for the period in which they are receivable as an extraordinary item for 30Lakhs

3. Grant related to a non-depreciable asset requires the fulfilment of certain obligations and the grant is credited to income over the same period over which the cost of meeting such obligations is charged to income, whether such deferred income balance has been separately disclosed in the financial statements-Nil

40 Borrowing Costs

Amount of borrowing costs capitalised during the period is Rs- 10.15 Lakhs

41 Leases

Lessee: Finance leases

1) Whether the lessee, in addition to the requirements of AS 10, 'Property, Plant and Equipment' and the governing statue, has made the following disclosures for a finance lease including assets acquired on hire-purchase basis:

a) Assets acquired under finance lease as segregated from the assets owned-Refer Note 9

b) For each class of assets, the net carrying amount at the balance sheet date -Refer Note 9

g) a general description of lessee's significant leasing arrangements including, but not limited to, the following:

1. the basis on which contingent rent payments are determined-NA

2. the existence and terms of renewal or purchase options and escalation clauses-NA

3. restrictions imposed by lease arrangements, such as those concerning dividends, additional debt, and further leasing- NA

Lessee: Operating leases

3) Whether the lessee has made the following disclosures for operating leases?

a) the total of future minimum lease payments under non - cancellable operating leases for each of the following periods:

b) the total of future minimum sublease payments expected to be received under non- cancellable subleases at the balance sheet date-NA

c) lease payments recognised in the statement of profit and loss for the period, with separate amounts for minimum lease payments and contingent rents-NA

d) sub-lease payments received (or receivable) recognised in the statement of profit and loss for the period-NA

e) a general description of the lessee's significant leasing arrangements including, but not limited to, the following :

1. the basis on which contingent rent payments are determined-NA

2. the existence and terms of renewal or purchase options and escalation clauses-NA

3. restrictions imposed by lease arrangements, such as those concerning dividends, additional debts, and further leasing-NA

e) contingent rents recognised as expense in the statement of profit and loss for the period-Nil

f) the total of future minimum sublease payments expected to be received under non- cancellable subleases at the balance sheet date-NA

43 Impairment of Assets

There are no impaired assets during the year.

44 Balance shown under head Sundry debtors, creditors and advances are subject to confirmation.

45 Previous year's figures have been regrouped / reclassified wherever necessary to conform with current year's classification.