⁷-² Terms/ rights attached to equity shares

The Company has only one class of equity shares having a par value of ' 10/ - per share. All these shares have the same rights and preferences with respect to the payment of dividend, repayment of capital and voting.

In the event of liquidation of the Company, the holders of equity shares will be entitled to receive any of the remaining assets of the Company, after distribution of all preferential amounts. The distribution will be in proportion to the number of equity shares held by the shareholders.

7.3 The Company had, issued 58,56,000 equity shares of face value of ? 10/- each under preferential basis. 9,50,000 shares at the rate of Rs.28 and 49,06,000 shares at the rate of Rs.30 in the previous financial year.

The tax charge shown in the Statement of Profit and Loss differ from the tax charge that would apply if all the profits had been charged at India corporate tax rate. A reconciliation between the tax expense and the accounting profit multiplied by India's domestic tax rate for the year ended March 31, 2024 and March 31, 2023 are as follows:

Fair Value Measurement

a) Fair Value Hierarchy

The Company determines fair value of its financial instruments according to following hierarchy:

Level 1: Category includes financials assets and liabilities that are measured in whole or significant part by reference to published quotes in an active market

Level 2: Category includes financials assets and liabilities that are measured using a valuation technique based on assumptions that are supported by prices from observable current market transactions. Company's investment in units of AIF funds fall under this category.

Level 3: Category includes financials assets and liabilities that are measured using valuation techniques based on non- market observable inputs. This means that fair value is determined in whole or in part using a valuation model based on assumptions that are neither supported by prices from observable current market transactions in the same instrument nor are they based on available market data.

An explanation of each level follows underneath the table:

a. The company has not provided leave encashment as the employees are not entitled for that due to ailment ofleaves & there is no dues in this account.

b. The provision of gratuity has not been provided by the company as none of the employee are covered under the act. The management does not see any need of actuarial valuation of the same as the number of employees are very few.

c. The company has not provided the provident Fund & ESI as the company is not covered under E.P.F. & ESI Act.

Notes No.30._ (IMPAIRMENT OF ASSETS): The carrying amounts of assets are reviewed at each balance sheet date if there is any indication of impairment based on internal/ external factors. An asset in impaired when the carrying amount of the assets exceeds the recoverable amount. An impairment loss is charged to the Profit and Loss Account in the year in which an asset in identified as impaired. An impairment loss recognised in prior accounting periods is reversed if there has been change in the estimate of the recoverable amount.

Note No. 31. Payment against supplies from small scale and ancillary undertaking are made in accordance with agreed credit terms and to the extent as ascertained from available information, there was no amount overdue as at March 31, 2025.

Note No. 32. There are no earnings or expenditure or imports or remittance in foreign currency during the year ending March 31, 2025 and March 31, 2024.

Note No. 33. In respect of amounts as mentioned under Section 125 of the Companies Act, 2013, there were no dues required to be credited to the Investor Education and Protection Fund as at March 31, 2025 and March 31, 2024.

Note No. 34. The Company has not entered into any derivative instrument during the year. The Company does not have any foreign currency exposures towards receivables, payables or any other derivative instrument that have not been hedged.

Note No. 35. There are no title deeds of immovable property not held in the name of company.

Note No. 36. Capital Work in Progress (CWIP)

There is no capital work in progress in the company during the year ending March 31, 2025 and March 31, 2024.

Note No. 37. Intangible assets under development

There are no intangible assets under development in the company during the year ending March 31, 2025 and March 31, 2024.

Note No. 38. In the opinion of the Board of Directors, all current assets and long-term loans & advances, appearing in the balance sheet as at March 31, 2025 and March 31, 2024, have a value on realization, in the ordinary course of the Company's business, at least equal to the amount at which they are stated in the financial statements and hence no provision is required to be made against the recoverability of these balances.

Note No. 39. The Company has borrowings from banks or financial institutions during the year ending March 31, 2025 and March 31, 2024.

Note No. 40. Relationship with Struck off Companies

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 during the year ending March 31, 2025 and March 31, 2024 and there are no balances outstanding with these companies at the end of both years.

Note No. 41. Registration of charges or satisfaction with Registrar of Companies

The company has created necessary Charges and registered with Registrar of Companies against the CCOD facilities availed from the Banks.

Note No. 42. Compliance with number of layers of companies

The company has complied with the number of layers prescribed under clause (87) of section 2 of the Actread with Companies (Restriction on number of Layers) Rules, 2017 during the year ending on March 31, 2025 and March 31, 2024.

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

Note No. 44. Advancing and Loaning

a. The 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 directly or indirectly lend or invest in other persons or entities identified in any manner whatsoever byor on behalf of the company (Ultimate Beneficiaries) or provide any guarantee, security or the like to or on behalf of the Ultimate Beneficiaries.

b. The company has not 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 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 provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries.

Note No. 45. There are no any transactions which had not been 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.

Note No. 46. The company has not covered under section 135 related to Corporate Social Responsibility of the Companies Act, 2013.

Note No. 47. The company does not have any dues of micro, small and medium enterprises as at March 31, 2025 as per provision of the Section 16 of the Micro, Small and Medium Enterprises Act, 2006.

Note No. 48. DETAILS OF CRYPTO CURRENCY OR VIRTUAL CURRENCY

The company has not traded or invested in Crypto currency or Virtual currency during the financial years ended March 31, 2025 and March 31, 2024.

Note No. 49. DETAILS OF BENAMI PROPERTY HELD

No proceedings have been initiated or pending against the Company for holding and Benami property under the Benami Transactions (Prohibition) Act, 1988 (45 of 1988) and rules made thereunder in the financial years ended March 31, 2025 and March 31, 2024.

Note No. 50. WILFUL DEFAULTER

The Company has not been declared as a willful defaulter by any bank or financial institution or other lender in the financial years ended March 31, 2025 and March 31, 2024.

(i) The Company has borrowed funds for purchase of Vehicles and availed CCOD facility during the financial year.

(ii) During the year Company has allotted 37,29,930 Convertible Warrants, convertible into equity shares of face value of Rs. 10/- each at premium of Rs. 30/- each. During the year Company has received Rs.372.99 lacs towards Share Warrants.

(iii) The Company issued Equity Shares of face value of Rs.10 in the preceding financial year year i.e FY 202324 under Preferential allotment. 9,50,000 shares at Rs.28 per share and 49,06,000 shares at Rs.30. The proceeds of the premium are utilized for company's increased working capital needs.