a. Trade Payable Ageing Disclosure See Note No. 35

b. For details of payable to related parties, See Note No. 44 Related Party Disclosure

c. Information required to be disclosed under MSMED Act, 2006

1. The information required to be disclosed under the Micro, Small, and Medium Enterprises Development Act, 2006, has been determined to the extent to which such parties have been identified based on information available with the company. As per the information and explanation given to us, the company has asked its suppliers to furnish details to facilitate the company in classifying them as Micro and Small Enterprise, but due to the lack of availability of any such information from some of its suppliers, the company is unable to state the actual dues outstanding to Micro and Small Enterprise as on the Balance Sheet date. Those parties did not confirm their MSME status is classified as outstanding dues of creditors other than micro and small enterprises.

2. Amount Rs. 0.68 lakhs dues outstanding more than 45 days to micro and small enterpries as at end of the period.

3. Amount of interest accrued and unpaid on Delayed Payment to MSME Vendore as at period end Rs. 0.03 lakhs 4 Amount of interest paid during the period as per section 16 Rs. Nil

Note 28 In the opinion of the Board of Directors,

i) Current Assets, Loans and Advances are realizable in the ordinary course of Business, as the value at which they are stated.

ii) The provisions for all known liabilities are adequate and not in excess of the amount reasonably necessary.

Note 29 We have verified the vouchers and documentary evidence wherever made available. Where no documentary evidence was available, we relied on the authentication given by the management.

Note 30 During the year Company has paid interim dividend for FY 2023-24 @ 5% (i.e. Rs. 0.50/- per share of FV Rs. 10/- each). Total dividend amount has been paid Rs.37.75 Lakhs (i.e. 7550000 equity shares X Rs. 0.50/- dividend per share) (subjected to TDS) to shareholders whose name appeared on the Register of Members as on 09^th September 2023.

Note 31 During the year Company has allotted 75,50,000 (Seventy-Five Lakh Fifty Thousand) Equity Shares of the Company of Rs. 10/- each as fully paid-up Bonus Shares in the ratio of 1: 1 i.e. 1 (One) new Equity Shares of Rs. 10/- each for every 1 (One) existing Equity Share of Rs. 10/- each held, to the shareholders of the Company whose names appear in the Register of Members as on 7^th October 2023.

Note 32 The Company has raised Rs.1100/- Lakhs through an initial public offer in February 2022. There were no funds remaining unutilized, the details of which are as follows:

Note 34. Trade and other receivables

The Company’s exposure to credit risk is influenced mainly by the individual characteristics of each customer. However, management also considers the factors that may influence the credit risk of its customer base, including the default risk of the industry and the country in which customers operate.

The Company’s Management has established a credit policy under which each new customer is analysed individually for creditworthiness before the Company’s standard payment and delivery terms and conditions are offered. The Company’s review includes market checks, industry feedback, past financials, external ratings, if available, and bank references.

In monitoring customer credit risk, customers are reviewed according to their credit characteristics, including whether they are an individual or a legal entity, their geographic location, industry, and the existence of previous financial difficulties

The gross carrying amount of trade receivables is Rs. 650.47 Lakhs (31 March 2023 — Rs. 740.28 Lakhs).

Note 36. Micro and Small Enterprises:

The Company has classified the suppliers based on the Micro and Small Enterprises status in its balance sheet based on confirmation received from its suppliers. But still, many suppliers have not confirmed their MSME status, and the company has classified such suppliers as “due to other than Micro and Small Enterprise” in its Balance Sheet. Dues outstanding for more than 45 days to Micro, Small & Medium Enterprises (MSMEs) is Rs. 0.68 lakhs as of the Balance Sheet date.

The said Income tax demand from the Income tax authorities, upon completion of their tax review for the assessment years 2015-16 (FY 2014-15). The tax demands are mainly on account of the disallowance of certain expenses under the Income Tax Act. The matters are pending before the CIT APPEAL. The Company has paid Rs.1.50 Lakhs for the stay against the said demand. The board of directors informed that there are no other known contingent liabilities to be disclosed.

Contingent liability produced here in above based on information compiled by the management of the company

Note 38. Details of Foreign Exchange Earnings & Outgo:

The Company's foreign exchange earnings and foreign exchange outgo during the year under review Value of Export Rs. 288.48 Lakhs (Pre. Year 83.66 Lakhs)

Value of Import Rs. 30.10 Lakhs (Pre. Year 112.19 Lakhs)

Note 39. The company has been sanctioned working capital limits in excess of Rs.5 crores during the current year, in aggregate, from banks based on the security of current assets. Differences were found in the quarterly returns/ statements filed by the Company with such banks, which were not material in comparison with the unaudited books of accounts of the company of the respective quarters. Details of the comparison are as under.

Gratuity Provision

Every employee who has completed five years or more service gets a gratuity on departure at 15 days salary (last drawn salary) for each completed year of service.

The following table summarizes the components of net benefit expense recognized in the statement of profit and loss and amounts recognized in the balance sheet for the respective plans.

Provident Fund

During the year the Company has recognized the Rs.13.48 Lakhs/- (Previous Year Rs. 11.62 Lakhs/-) for Contribution to the Provident fund in the Profit and Loss account.

Short Term Employee Benefit

During the year Company has recognized the Bonus Rs. 17.11 Lakhs (Previous Year. 21.64 Lakhs and Leave Encashment Rs. 2.71 Lakhs (Previous Year Rs. 2.05 Lakhs) in the Statement of Profit and Loss.

Note 46. The title deeds of immovable properties (other than properties where the company is the lessee and the lease agreements are duly executed in favour of the lessee) are held in the name of the Company.

Note 47. The Company has not revalued any of its Property, Plant and Equipment during the year.

Note 48. The Company has not granted Loans and Advances in the nature of loans to Promoters, Directors, KMPs, and the related parties (as defined under the Companies Act, 2013) either severally or jointly with any other person during the year except wholly owned subsidiary as under:

Note 49. No proceedings have been initiated during the year or are pending against the Company at the end of the year for holding any benami property under the Benami Transactions (Prohibition) Act, 1988 (as amended in 2016) and rules made thereunder.

Note 50. The Company has not been declared a wilful defaulter by any bank, financial institution or other lender.

Note 51. There were no charges or satisfaction yet to be registered with the Registrar of Companies beyond the statutory period at the end of the year.

Note 52. The Company does not have any layers prescribed under clause (87) of Section 2 of the Act read with Companies (Restriction on Number of Layers) Rules, 2017. The Company has one layer of Wholly owned subsidiary (WOS) and is exempted.

Note 53. There were no transactions relating to previously unrecorded income that have been surrendered or disclosed as income during the year in the tax assessments under the Income Tax Act, 1961 (43 of 1961).

Note 54. The Company is covered under section 135 of the Companies Act during the year.

(a) According to the information and explanations given to us, there are no unspent amounts that are required to be transferred to a fund specified in Schedule VII of the Companies Act, 2013 in compliance with the second proviso to sub-section (5) of section 135 of the Act.

(b) According to the information and explanations given to us, the Company does not have any ongoing project(s) for which funds remain unspent under sub-section (5) of section 135 of the Companies Act and hence, is not required to transfer any funds to a special account in compliance with the provision of sub-section (6) of section 135 of the Companies Act, 2013.

Note 55. The Company has not traded or invested in Cryptocurrency or Virtual currency during the financial year.

Note 56. The Company had not entered any transactions with companies struck off under section 248 of the Companies Act, 2013, or section 560 of the Companies Act, 1956.

Note 57. Previous Year’s Figure & Rounding off:

Figures for the previous year have been regrouped\ rearranged wherever necessary to make them comparable with those of the current year. Moreover, all amounts are Indian Rupees in Lakhs with decimal thereof and rounded off decimal to the nearest thousand.