XIII. Provisions and contingent liabilities:

The Company creates a provision when there is present obligation as a result of a past event that probably requires an outflow of resources and a reliable estimate can be made of the amount of the obligation. A disclosure for a contingent liability is made when there is a possible obligation or a present obligation that may, but probably will not, require an outflow of resources. When there is a possible obligation or a present obligation in respect of which the likelihood of outflow of resources is remote, no provision or disclosure is made.

XIV. Government Subsidy:

Government subsidy related to specific fixed assets is reduced from the Gross value of the said asset. Capital Investment subsidy from Government is shown as Capital Reserve

XV. Earning per share:

The basic and diluted earnings per share is computed by dividing the net profit attributable to equity shareholders for the year, by the weighted average number of equity shares outstanding during the year.

XIV. Cash and Cash Equivalent:

The company recognizes the following items as a part of its Cash and Cash equivalent in accordance with Accounting Standard 3 “Cash Flow Statement”

i. Cash in Hand

ii. Balances with Bank

iii. Highly liquid securities/Deposits having maturity less than 3 months

2. CAR LOAN FROM HDFC BANK IS SECURED BY HYPOTHECATION OF CAR FOR WHICH LOAN HAS BEEN TAKEN AND FURTHER SECURED BY DIRECTOR'S GUARANTEE CARRYING ROI 0F 7.24% PAYABLE IN 48 EMIs.

3. Credit Facilities BY HDFC BANK LTD. FLOATING CARRYING ROI @ 8.8%, IS SECURED AGAINST HYPOTHETICATION OF BUILDING CONSTRUCTION & MACHINERY,STOCK,DEBTORS, CASH MARGIN FOR LC,BG,PERSONAL GUARANTEE OF THE PROMOTERS AND ALL COLLATERAL CONFIRMED LC BACKED BY DISCOUNTING ,PERSONAL GUARANTEE OF THE PROMOTERS AND COLLATERAL OWNERS, FDR OF LC LIMIT OF 680 LACS,INDUSTRIAL PROPERTY, FDR AS DSRA FOR NEW TERM LOAN, INDUSTRIAL CONFIRMED LC BACKED BILLS FOR DISCOUNTING, PROPERTY AT FACTORY LAND AND BUILDING COMPRISING IN INDUSTRIAL VILLAGE BAGWALI, BLOCK RAIPUR RANI,NH-73, KHASRA NO 40/14-15-16-17/1134005 RAIPUR RANI, IN THE NAME OF THE COMPANY AND INDUSTRIA PROPERTY AT PLOT NO 10 AND 21 TELANGANA IP EMC MAHESHWARAM 500076 RANGAREDDY DISTRICT.

4. EXTENSION OF SECOND RANKING CHARGE OVER EXISTING PRIMARY & COLLATERAL SECURITIES INCLUDING MORTGAGE IN FAVOUR OF BANK AS DETAILED IN NOTE 8. CARRYING ROI @ 8.25% REPAYABLE IN 4 YEARS.

5. SWIFT DZIRE CAR LOAN FROM ICICI BANK IS IS SECURED BY HYPOTHECATION OF CAR FOR WHICH LOAN HAS BEEN TAKEN. CARRYING ROI OF7.80% PAYABLE IN 60 EMI'S.

6. LOAN FROM TATA CAPITAL IS SECURED BY HYPOTHECATION AGAINST SPECIFIC MACHINERY FOR WHICH LOAN HAS BEEN TAKEN AND ESCROW OF RECEIVABLE OF THE BORROWER FROM HSIL IN THE FORM AND MANNER AS ACCEPTABLE TO TCFSL CARRYING ROI 0F 11% PAYABLE IN 60 EMIs.

7. LOAN FROM TATA CAPITAL IS SECURED BY HYPOTHECATION OF MACHINERY PURCHASED OUT OF TCFSL FUND AND ESCROW OF RECEIVABLES OF THE BORROWER FROM HSIL IN THE FORM AND MANNER AS ACCEPTABLE TO TCFSL. CARRYING ROI OF 9.25% REPAYABLE IN 4 YEARS.

8. BREEZA CAR LAON FROM HDFC BANK LTD IS SECURED BY HPOTHECATION AGAINST BREZZA CAR CARRYING ROI 8.19% PER ANNUM IN TOTAL 40 INSTALLMENTS.

9. ROYAL ENFILED LOAN FROM HDFC BANK IS SECURED BY HYPOTHECATION AGAINST ROYAL ENFIELD BIKE CARRYING ROI 15.75% PER ANNUM IN TOTAL 36 INSTALLMENTS.

10. INNOVA CRYSTA LOAN FROM YES BANK IS SECURED BY HYPOTHECATION OF INNOVA CRYSTA CARRYING ROI 8.37% PER ANNUM IN TOTAL 48 INSTALLMENTS.

11. MAHINDRA VEHICLE PICKUP FROM HDFC BANK IS SECURED BY HYPOTHECATION OF MAHINDRA VEHICAL PICKUP CARRYING ROI 8.51% PER ANNUM IN TOTAL 48 INSTALLMENTS.

12. KIA SELTOS CAR LAON FROM UNION BANK OF INDIA IS SECURED BY HPOTHECATION AGAINST BREZZA CAR CARRYING ROI 8.50% PER ANNUM PAYABLE IN TOTAL 84 INSTALLMENTS.

13. TERM LOAN FROM TATA CAPITAL CARRYING ROI OF 11%(FLOATING) PER ANNUM.

14. WAGON R CAR LOAN FROM HDFC BANK IS SECURED BY HYPOTHECATION OF CAR FOR WHICH LOAN HAS BEEN TAKEN PAYABLE IN 60 EMIs.

15. UNSECURED LOAN FROM DIRECTOR ARE TAKEN WITHOUT INTEREST SUBJECT TO REVISION FROM TIME TO TIME AND IS REPAYABLE ON DEMAND. HOWEVER SAME HAS BEEN TAKEN TO MEET BUSINESS REQUIREMENT ON LONG TERM BASIS.

1. CAR LOAN FROM HDFC BANK IS SECURED BY HYPOTHECATION OF CAR FOR WHICH LOAN HAS BEEN TAKEN AND FURTHER SECURED BY DIRECTOR'S GUARANTEE CARRYING FLOATING ROI 0F 7.24% PAYABLE IN 48 EMIs.

2. EXTENSION OF SECOND RANKING CHARGE OVER EXISTING PRIMARY & COLLATERAL SECURITIES INCLUDING MORTGAGE IN FAVOUR OF BANK AS DETAILED IN NOTE 8. CARRYING FLOATING ROI @ 8.25% REPAYABLE IN 4 YEARS.

3. SWIFT DZIRE CAR LOAN FROM ICICI BANK IS IS SECURED BY HYPOTHECATION OF CAR FOR WHICH LOAN HAS BEEN TAKEN. CARRYING ROI OF7.80% PAYABLE IN 60 EMI'S.

4. LOAN FROM IDFC FIRST BANK IS PAYABLE IN 48 EQUAL INSTALLMENTS.

5. LOAN FROM IDFC FIRST BANK IS PAYABLE IN 48 EQUAL INSTALLMENTS.

6. LOAN FROM TATA CAPITAL IS SECURED BY HYPOTHECATION AGAINST SPECIFIC MACHINERY FOR WHICH LOAN HAS BEEN TAKEN AND ESCROW OF RECEIVABLE OF THE BORROWER FROM HSIL IN THE FORM AND MANNER AS ACCEPTABLE TO TCFSL CARRYING ROI 0F 11% PAYABLE IN 60 EMIs.

7. XUV CAR LOAN FROM MAHINDRA & MAHINDRA FINANCIAL SERVICES LIMITED IS SECURED BY HYPOTHECATION OF VEHICLE FOR WHICH LOAN HAS BEEN TAKEN AND IS CARRYING ROI OF 9.75% PAYABLE IN 36 EMI'S.

8. LOAN FROM TATA CAPITAL IS SECURED BY HYPOTHECATION OF MACHINERY PURCHASED OUT OF TCFSL FUND AND ESCROW OF RECEIVABLES OF THE BORROWER FROM HSIL IN.THE FORM AND MANNER AS ACCEPTABLE TO TCFSL. CARRYING ROI OF 9.25% REPAYABLE IN 4 YEARS.

9. TERM LOAN FROM TATA CAPITAL CARRYING ROI OF 11(FLOATING)% PER ANNUM.

10. TATA CAPITAL TOP UP LOAN CARRYING ROI OF 11(FLOATING)% PER ANNUM.

11. BREEZA CAR LAON FROM HDFC BANK LTD IS SECURED BY HPOTHECATION AGAINST BREZZA CAR CARRYING ROI 8.19% PER ANNUM IN TOTAL 40 INSTALLMENTS.

12. ROYAL ENFILED LOAN FROM HDFC BANK IS SECURED BY HYPOTHECATION AGAINST ROYAL ENFIELD BIKE CARRYING ROI 15.75% PER ANNUM IN TOTAL 36 INSTALLMENTS.

13. INNOVA CRYSTA LOAN FROM YES BANK IS SECURED BY HYPOTHECATION OF INNOVA CRYSTA CARRYING ROI 8.37% PER ANNUM IN TOTAL 48 INSTALLMENTS.

14. MAHINDRA VEHICLE PICKUP FROM HDFC BANK IS SECURED BY HYPOTHECATION OF MAHINDRA VEHICAL PICKUP CARRYING ROI 8.51% PER ANNUM IN TOTAL 48 INSTALLMENTS.

15. HDFC TERM LOAN CARRYING ROI 7.75% PER ANNUM IN TOTAL 84 INSTALLMENTS.

16. KIA SELTOS CAR LAON FROM UNION BANK OF INDIA IS SECURED BY HPOTHECATION AGAINST BREZZA CAR CARRYING ROI 8.50% PER ANNUM PAYABLE IN TOTAL 84 INSTALLMENTS.

17. Credit Facilities BY HDFC BANK LTD. CARRYING ROI @ 8.8%, IS SECURED AGAINST HYPOTHETICATION OF BUILDING CONSTRUCTION & MACHINERY,STOCK,DEBTORS, CASH MARGIN FOR LC,BG,PERSONAL GUARANTEE OF THE PROMOTERS AND ALL COLLATERAL CONFIRMED LC BACKED BY DISCOUNTING ,PERSONAL GUARANTEE OF THE PROMOTERS AND COLLATERAL OWNERS, FDR OF LC LIMIT OF 680 LACS,INDUSTRIAL PROPERTY, FDR AS DSRA FOR NEW TERM LOAN, INDUSTRIAL CONFIRMED LC BACKED BILLS FOR DISCOUNTING, PROPERTY AT FACTORY LAND AND BUILDING COMPRISING IN INDUSTRIAL VILLAGE BAGWALI, BLOCK RAIPUR RANI,NH-73, KHASRA NO 40/14-15-16-17/1134005 RAIPUR RANI, IN THE NAME OF THE COMPANY AND INDUSTRIA PROPERTY AT PLOT NO 10 AND 21 TELANGANA IP EMC MAHESHWARAM 500076 RANGAREDDY DISTRICT.

18. WAGON R CAR LOAN FROM HDFC BANK IS SECURED BY HYPOTHECATION OF CAR FOR WHICH LOAN HAS BEEN TAKEN PAYABLE IN 60 EMIs.

18) The Company has utilised the borrowings from banks and financial institutions for the specific purpose for which it was taken at the balance sheet date and no default has been made regarding the same.

19) The title deeds of the immovable property as appearing in the books of accounts are in the name of the company.

20) The Company has not revalued any of its Property, Plant & Equipments or Intangible Assets during the current year.

21) The Company has not given any loan and advanes to its promoters, Directors, KMPs or any related parties during the current year.

22) As per information and explanation given us by management, no proceedings has been intitated or pending against the Company for holding any Benami property under Benami Transactions (Prohibition) Act, 1988.

23) As per information and explanation given us by management, Company is not declared as willful defaulter by any Bank or financial Institution or any other lender.

24) As per information and explanation given us by management, Company has not inccured any transactions with Companies struck off under section 248 of the Companies Act 2013 or section 560 of Companies Act 1956.

25) As per information and explanation given us by management,No charge is pending for registration before the ROC, beyond the specified time period.

26) As per information and explanation given us by management, Company is not having any transaction which is not recorded in books of accounts of Company which has been surrendered in tax assessments under Income Tax Act 1961.

27) As per the limits prescribed under section 135 of Companies Act 2013, Corporate Social Responsbility clause is not applicable on the company during current Financial year.

28) As per information and explanation given us by management, Company has not dealt/traded/invested in the Crypto Currency or Virtual Currency during current Financial year.

32) Previous Year Figures Have Been Classified As Necessary.

CERTIFIED IN TERMS OF OUR SEPARATE For and on the behalf of Board of Directors REPORT OF EVEN DATE ANNEXED

ADITYA KAUSHIK ASHWANI KUMAR GOEL

FOR GANDHI MINOCHA & CO., (MANAGING DIRECTOR) (WHOLE TIME

DIRECTOR)

CHARTERED ACCOUNTANTS, (DIN - 06790052) (DIN - 08621161)

F.R.N. 000458N

(GOURAV CHHIBBERR) ZALAK SHAH AMIT KAUSHIK

PARTNER (COMPANY SECRETARY) (CEO / CFO)

M.NO. 513968 (Membership No.: A56904)

UDIN: 24513968BKCNSJ6404

PLACE : PANCHKULA DATE : 29.05.2024