(c) Rights, Preferences and Restrictions attached to shares Equity Shares :

The company has one class of equity shares having a par value of 10 per share. Each shareholder is eligible for one vote per share held. In the event of liquidation, the equity shareholders are eligible to receive the remaining assets of the Company afterdistribution of all preferential amounts, in proportion to theirshareholding.

10.1 Loan of Rs. 4068.42 lakhs (Previous Year: Rs. 3002.54 lakhs) are secured by hypothecation of Vessels, Barges, Boats.

10.2 Loan of Rs.265.04 lakhs (Previous Year: Rs. 457.47 lakhs) are secured by Guarantee Provided by National Credit Guarantee Trustee Company.

10.3 Loan of Rs. 283.41 lakhs (Previous Year: Rs. 253.18 lakhs) are secured by Mortgage of Commercial Premises.

13.1 Working Capital Loans of Rs. 718.37 Lakhs (Previous Year: Rs. 717.69 Lakhs) are secured by hypothecation of stocks and book debts (present & future) and mortgage of immovable properties

13.2 Overdraft of Rs. 147.48 lakhs (Previous Year: Rs. 149.26 lakhs) are secured by mortgage of immovable assets.

30.The Board of Directors has overall responsibility for the establishment and overview of the company’s risk management framework. Risk management systems are reviewed periodically to reflect changes in market conditions and the company’s activities. The Company’s activities are exposed to various risk viz. Credit Risk, Liquidity Risk and Market Risk. In order to minimize any adverse effects on the financial performance of the Company, it uses various instruments and follows policies set up by the Board of Directors / Management of the Company.

a. Credit Risk:

Credit risk is the risk of financial loss arising from counter party failure to repay or service debt according to the contractual terms or obligations. Credit risk encompasses of both, the direct risk of default and the risk of deterioration of creditworthiness as well as concentration of risks. Credit risk is controlled by analyzing credit limits and creditworthiness of customers on a continuous basis to whom the credit has been granted after obtaining necessary approvals for credit. Trade receivables consists of large number of customers spread across diverse industries and geographical areas with no significant concentration of credit risk. The outstanding trade receivables are regularly monitored and appropriate action is taken for collection of overdue receivables."

b. Liquidity Risk:

Liquidity risk is the risk that the Company will encounterdifficulty in meeting obligations associated with financial liabilities that are settled by delivering cash or another financial asset. The Company’s approach for managing liquidity is to ensure that it will have sufficient liquidity to meet its liabilities when they are due, under both normal and stressed conditions, without incurring unacceptable losses or risking damage to Company’s reputation, typically the company ensures that it has sufficient cash on demand to meet expected operational expenses, servicing of financial obligations."

c. Market Risk:

Market risk is the risk of loss of future earnings or fair values orfuture cash flows that may result from a change in the price of a financial instrument. The value of a financial instrument may change as a result of changes in the interest rates, foreign exchange rates and other market changes that affect market risk sensitive instruments. The do not have such exposure as on Balance Sheetdate."

31. The company is engaged in the business of owning & operating barges, tugs & vessels in addition to undertaking ship management for other owners. From the internal organization of the Company’s activities and consistent with the internal reporting provided to the chief operating decision-maker and after considering the nature of its services, the ultimate customer availing those services and the methods used by its to provide those services, “Vessel Operating Services” has been identified to be the Company’s sole operating segment. The Company’s management reporting and controlling systems principally use accounting policies that are the same as those described in Note 2 in the summary of significant accounting policies under Ind AS.

32. Disclosure U/s 186 (4) Of Companies Act, 2013 Name of Subsidiary: Nil

Investment Details in Subsidiary : Not Applicable

33. In the opinion of the management, the current assets, loans and advances (including capital advances) have a value on realization in the ordinary course of business at least equal to the amount at which they are stated. The provision for all known liabilities is adequate and not in excess of what is required.

34. The balances in the account of Trade Debtors and Trade creditors are subject to reconciliation / confirmations. The management have prepared the reconciliation statements and there is no material difference affecting the current year's financial statements.

35. The company is not covered under the provisions of Section 135 of Companies Act, 2013, hence no disclosure is required for same.

36. The company has not traded or invested in Crypto Currency or virtual currency during the financial year.

37. The company has availed borrowings from Bank during the financial year and utilized same for the purpose it was taken. The company has never been declared as wilful defaulter by any of bank or financial institution.

38. The Company has filed quarterly returns or statements with the banks in lieu of the sanctioned working capital facilities, which are in agreement with the books of account.

39. Capital Management: The Company’s capital management is intended to create value for shareholders by facilitating the achievement of long-term and short-term goals of the Company. The Company determines the amount of capital required on the basis of annual business plan coupled with long-term and short-term strategic investment and expansion plans. The funding needs are met through equity, cash generated from operations, long term and short-term bank borrowings and issue of non-convertible debt securities.

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.

40. The Code on Social Security, 2020 ('Code') relating to employee benefits during employment and post employment received Indian Parliament approval and Presidential assent in September 2020. The Code has been published in the Gazette of India and subsequently on November 13,2020 draft rules were published and invited for stakeholders’ suggestions. However, the date on which the Code will come into effect has not been notified. The Company will assess the impact of the Code when it comes into effect and will record any related impact in the period the Code becomes effective.

41. Considering future economic benefits of the assets and appropriate preparation and presentation of the financial statements, the company has adopted straight line method of depreciation w.e.f. 01 st April 2022.

42. The company do not have any intangible assets under development; hence no disclosure is required under the clause.

43. Capital Commitment Current Year- Rs. 3808.05 lakhs. (Previous Years: 259.26 Lakhs)

44. The title deeds of all the immovable properties (other than properties where the Company is the lessee), are held in the name of the Company.

45. The company has not granted any loans or Advances in the nature of loans to promoters, directors, KMPs and the related parties (as defined under Companies Act, 2013), either severally or jointly with any other person during the financial year.

46. No proceeding has been initiated or pending against the company for holding any benami property under the Benami Transactions (Prohibition)Act, 1988.

47. The provision of the sub section 87 of section 2 of Companies Act, 2013 is not applicable to the company.

52. Previous Year Figures have been regrouped/ re- arranged / re- classified, wherever required to make comparable.