Pursuant to Initial Public Offering (IPO), 1462000 Equity Shares of face value of Rs.10/- per share allotted on dated April 12, 2017 at a premium of Rs.60/- per share aggregating to Rs.1023.40 Lacs. Out of which 74000 Equity Shares reserved for subscription by Market Maker to the issue and balance 1388000 shares offered to the Public. The Company (i.e. Equity Shares) were listed on Emerge SME Platform of the National Stock Exchange of India Limited w.e.f. 18 April, 2017. During the Current year, the Company has decided to migrate its Equity Shares from Emerge SME Platform of the National Stock Exchange of India Limited to Main Board of National Stock Exchange of India Limited (NSE) and Bombay Stock Exchange of India Limited (BSE) pursuant to a Shareholder’s resolution passed in the Extra Ordinary General Meeting held on December 22, 2022, which is under

c) Terms/rights attached to equity shares:

The Company has only one class of share capital, i.e. equity shares having face value of Rs.10/3 per share. Each holder of fully paid equity Share is entitled to one vote per share. In the event of liquidation, the equity shareholders are eligible to receive the remaining assets of the Company in proportion of their shareholding.

d) The aggregate number of equity shares allotted as fully paid up by way of bonus shares in immediately preceding five years ended March 31, 2023 are 8341600 (Previous period of five years ended March 31,2022: 2031600 Shares)

e) The Authorized Share Capital of the Company was increased from Rs. 500.00 Lacs to Rs. 1500.00 Lacs by creation of 10000000 Equity Shares of Rs.10/- each pursuant to a Shareholder’s resolution passed in the Extra Ordinary General Meeting held on December 22, 2022.

f) The Company has declared 8341600 fully-paid-up equity Shares of Rs. 10/- each as Bonus shares in the ratio 2 : 1 pursuant to a Shareholder’s resolution passed in the Extra Ordinary General Meeting held on December 22, 2022 and allotted to the eligible shareholders on February 7, 2023.

g) Non of the Equity Shares has lock in restriction as at the end of the year 31st March 2023

h) The Company is neither a subsidiary nor a holding company of any other body corporate. Disclosures as regards the shareholdings in or by such body-corporate, accordingly, are not applicable on the company.

i) The company did not have outstanding calls unpaid by directors and officers of the company (Previous year NIL) and also did not have any amount of forfeited shares (Previous year NIL).

j) The Details of Shareholding of Promoters are given below: -

Term Loan (Car) from HDFC Bank Limited, Ambala Cantt amounting to Rs.1513192.04 [Previous year Rs.2555525.29]

-Nature of Security: Secured against hypothecation of car and personal guarantee given by the director Sh. Raj Kumar

-Repayment Profile: Repayable in 39 monthly installment commencing from May’ 2021 to July’ 2024 of sanctioned amount of Rs.34.47 Lacs.

Working Capital Term Loan under GECL Extn Scheme from HDFC Bank Limited amounting to Rs.25026074.00 (Previous Year Rs.25026074.00)

-Nature of Security: Secured by way ofhypothecation on entire stocks ofRaw Materials, Stock-in-Process, Finished Goods, Consumable Stores and Spares, Book Debts and all other Current assets of the Company wherever they are located and further secured by way of first charge on immovable and movable assets of the company.

-Repayment Profile: Repayable in 36 Monthly installment commencing from April’24 of Sanctioned amount of Rs.250.26 Lacs.

7(a)(i) Working Capital Loans from HDFC Bank Limited, Ambala Cantt amounting to Rs.418695528.38 [Previous Year Rs.340261856.96]

-Nature of Security: Secured by way of hypothecation on entire stocks of Raw Materials, Stock-in-Process, Finished Goods, Consumable Stores and Spares, Book Debts and all other Current assets of the Company wherever they are located and other current assets of the Company.

-Term of Repayment: Sanctioned facility Rs.1800.00 Lacs and Rs.1200.00 [Adhoc/Seasonal Cash Credit] repayable on demand during the facility tenure of 12 and 4 months

respectively.

Disclosure of payable to suppliers as defined under the “Micro, Small and Medium Enterprise Development Act, 2006” is based on the information available with the Company regarding the status of registration of such vendors under the said Act, as per the intimation received from them on requests made by the Company. There are no overdue principa amounts / interest payable amounts for delayed payments to such suppliers at the Balance Sheet date. There are no delays in payment made to such suppliers during the year an accordingly there is no interest paid or outstanding interest in this regard in respect of payment made during the year

Notes:

Provision for taxation on current profit: The Company has made the provision for current income tax liability based on the assessable profit as computed in accordance with the Income Tax Act, 1961.

in accordance with the Accounting Standard 22 "Accounting for Taxes on Income” the deferred tax liabilities (net) Rs.370649.00 has been adjusted by crediting to Statement of Profit and Loss during the current year and the total accumulated deferred tax assets (net) as on 31st March 2023 amounts to Rs.3372935.00 [Previous year Rs.3002286.00]

Note:

The Company does not have any diluted potential Equity Shares. Consequently the basic and diluted profit/earning per share of the Company remain same.

Earning Per Share (EPS) is calculated after adjusting for bonus equity shares issued, with restrospective effect as provided in Accounting Standard (AS-20) - Earning per Share,

0) 8341600 Equity Shares of Rs. 10/- were alloted as bonus shares on February 7, 2023 in the ratio of 2 : 1. Accordingly , the EPS has been calculated by taking retrospective effect of

this bonus issue.

a) The Balance Sheet as on March 31, 2023 and the Statement of Profit and Loss for the year ended March 31, 2023 are drawn and presented as per the revised format prescribed under Schedule M to the Companies Act, 2013.

b) Previous year figures have been re-grouped/re-classified where ever necessary to confirm to the current presentation.

d) Management has periodically reviewed the value in use/net realizable value of all its assets and ascertained that the value in use/net realizable value of all its assets at the end of the year is more than the book value after depreciation (amortization), hence no provision for impairment has been made during the year.

e) In respect of provision for retirement gratuity benefits to employees, the company has decided to give the benefit out of its own funds and creates the provision of Rs. 216346.00 by charging to statement of profit and loss as accruing liability during the year. Due to few persons being employed in the company, the accruing liability has been calculated as per method on the assumption that such benefits are payable to all the employees at the end of the accounting year, reviewable every year. The total accumulated provision for retirement gratuity benefits to employees as on March 31, 2023 amounts to Rs.989423.00 (Previous year Rs. 773077.00).

fj The Company has taken into account all the possible impacts of COVID-19 in preparation of standalone financial statements, including but not limited to its assessment of,

liquidity and going concern assumption, recoverable values of its financial and non-financial assets. The Company has carried out this assessment based on available internal and external sources of information up to the date of approval of standalone financial statements and believes that the impact of COVID-19 is not material to these financial statements and expects to recover the carrying amount of its assets. The impact of COVID-19 on the standalone financial statements may differ from that estimated as at the date of approval of these standalone financial statements owing to the nature and duration of COVID-19.

g) The Company has elected to exercise the option permitted under section 115 BAA of the Income Tax Act, 1961 as introduced by the Taxation Laws (Amendment) ordinance 2019, Accordingly, the Company has recognized the provision for Income tax for the year ended March 31, 2023.

^B) Other Statutory Information:

* The Company does not have any Benami property, where any proceeding has been initiated or pending against the Company for holding any Benami property.

* The Company does not have any transactions with companies struck off.

* The Company does not have any charges or satisfaction which is yet to be registered with ROC beyond the statutory period except few charges yet to be satisfied.

* The Company has not traded or invested in Crypto currency or Virtual currency during the financial year.

* The Lender of the company has not declared company as willful defaulter and also company has not defaulted in repayment of loan to the lender.

* The Company has no subsidiary, associates and joint venture down word.

* The company has not surrendered or disclosed any amount as income during the year in the tax assessments under the Income Tax Act, 1961 (43 of 1961), which are

unrecorded in the books of account of the company.

* The Company has not advanced or loaned or invested funds (either from borrowed funds or share premium or any other sources or kind of funds) to any other person or entities, 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 (“Ultimate Beneficiaries”) by or on behalf of the Company or -Provide any guarantee, security or the like to or on behalf of the Ultimate Beneficiaries.

1

The Company has not received any fund from any persons or entities, including foreign entities ("Funding Parties”), with the understanding (whther 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 - Proivide any guarantee, security or

the like from or on behalf of the ultimate beneficiares: and Beneficiaries”) by or on behalf of the Company