The Company has a single class of equity shares which are having par value of ' 10/- per equity share. The shares issued, subscribed and paid up rank pari passu with reference to all rights, preference and restriction relating thereto. Each Holder of equity shareholders is entitled to one vote per share. In the event of liquidation of the Company the holders of the equity shares are will be entitled to receive the residual assets of the Company. The distribution will be in a proprtion to the number of equity shares held by the shareholders.

» Aggregate number of Shares alloted as fully paid up by way of bonus shres during the period of 5 years immediately preceding year:

During the year ended on March 31, 2022, the Company has allotted 40,44,600 bonus shares of ' 10 each fully paid-up. Consequently, the Company has capitalised a sum of ' 404.46 lakhs from “Retained earnings” and “Securities Premium” persuant to the approval of the shareholders through circular resolution dated July 24, 2021.

> For the Financial Year ending on March 31, 2023, the Board of Directors of the Company have recommended a dividend of ' 5/- (par value of Equity Share of ' 10 each) per equity share. This payment is subject to the approval of shareholders in the ensuing General Meeting of the Company.

^r Pursuant to the approval of Shareholders of the Company, in its Extra-Ordinary General Meeting held on September 16, 2022 and the approval of Board of Directors of the Company at their meeting held on September 30, 2022, the Company has allotted 4,59,400 Equity Shares of face value of ' 10 each at the price of ' 450 for total consideration of ' 2,067.30 lakhs through preferential allotment route to Promotors/Non-promoters/Public. The Proceeds from the Preferential Issue and the utilisation of the same is as follows:

(i) Secured against hypothecation of Shed, Fabrications, Machineries and other Assets purchased and created out of Bank Finance. Term Loan is also secured by Personal Guarantee of three Directors of the Company i.e. Mr. Gaurang Shah, Mrs. Bhavini Shah and Mrs. Dhruti Shah and one Director of Yamuna Bio Energy Private Limited i.e. Mr. Hemant Patel.

(ii) Secured with Second Charge on existing Credit facilities in terms of Cash flows (including repayments) and security, with Charge on the assets financed under the Scheme to be created within a period of three months from the date of disbursal of loan. WCTL is also secured by Personal Guarantee of three Directors of the Company i.e. Mr. Gaurang Shah, Mrs. Bhavini Shah and Mrs. Dhruti Shah and one Director of Yamuna Bio Energy Private Limited i.e. Mr. Hemant Patel.

(iii) Borrowing from Hinduja Leyland Finance Limited is in the nature of “Loan against Property (LAP)”, which is secured against immovable properties in the form of six flats located at Bharuch owned and offered as security by Yamuna Bio Energy Private Limited (Enterprises over which Director has Significant Influence).

(iv) Unsecured borrowing from directors are noninterest bearing and not repayable within twelve months from the end of financial year.

6.2 The Company has used the borrowings from banks and financial institutions for the specific purpose for which it was taken at the balance sheet date.

6.3 There were no charges or satisfaction yet to be registered with ROC Ahmedabad beyond the statutory period. Further, in case of Loan taken from Hinduja Leyland Finance Limited, Company is not required to create charge in terms of section 77 of the Companies Act, 2013 since none of the property of the Company has been offered as security. [Refer Note 6.1 (b) (iii)]

6.4 The Company is not declared as wilful defaulter by any bank or financial Institution or other lender.

6.5 The Company has not advanced or loaned or invested funds to any other person(s) or entity(ies), including foreign entities (Intermediaries) with the understanding that the Intermediary shall (i) directly or indirectly lend or invest in other persons or entities identified in any manner whatsoever by or on behalf of the Company (Ultimate Beneficiaries) or (ii) provide any guarantee, security or the like to or on behalf of the Ultimate Beneficiaries.

6.6 The Company has not received any fund from any person or entity, including Foreign entities (Funding Party), with the understanding that the Company shall:

(i) directly or indirectly lend or invest in other person or entities (Ultimate Beneficiary) by or on behalf of Funding Party; or

(ii) provides any guarantee or security on behalf of the Ultimate Beneficiary.

9.1 Cash Credit Facility availed from Indian Overseas Bank is repayable on demand and is secured by way of hypothecation of stocks book debts upto 90 days. Cash Credit Facility is also secured by Personal Guarantee of three Directors of the Company i.e. Mr. Gaurang Shah, Mrs. Bhavini Shah and Mrs. Dhruti Shah and one Director of Yamuna Bio Energy Private Limited i.e. Mr. Hemant Patel.

15.1 During the year ended on March 31, 2023, the Company has subscribed 1,00,000 equity shares in Kotyark Agro Private Limited (KAPL) for an aggregate consideration of ' 10.00 lakhs. The equity shares held by Company represents 100% legal and beneficial ownership of the total paid up share capital of KAPL. With this, the Company has become the holding Company of KAPL in terms of Section 2(87) of the Companies Act, 2013.

34.2 Reasons for Variance more than 25%:

1) Current Ratio is decreased because current liability is increased by greater percentage as compare to the increase in current asset, the reason behind is significant increase in creditors of capital expenditure in current year.

2) Debt-equity ratio is Increase because new borrowing availed by the Company from Hinduja Leyland Finance Limited in current financial year.

3) Decrease in Return on Equity Ratio due to preferential allotment of Equity shares.

4) Decrease in Inventory turnover ratio due to decreased consumption of material and increase in closing inventory.

5) Decrease in Trade Receivables turnover ratio due to increase in debtors and decrease in sales.

6) In Financial Year 2022-23 there is no outstanding trade payble in books of accounts hence this ratio is reduced to NIL.

7) Decrease in Net capital turnover ratio due to increase in working capital and decrease in sales.

8) Increase in Net profit ratio due to increase in profit as compare to last year.

9) Decrease in Return on Capital employed due to increase in borrowing and share capital.

This information, as required to be disclosed under the Micro, Small and Medium Enterprises Development Act, 2006, has been determined to the extent such parties have been identified on the basis of information available with the Company. The auditor has relied on the same.

NOTE 38:

The Company is engaged primarily in the business of manufacturing bio-diesel and all its operations are in India only. Accordingly, there is no separate reportable segment as per AS 17 on 'Segment Reporting' in respect of the Company.

(d) Borrowing availed from Indian Overseas Bank in form of Term Loan, Cash Credit and WCTL is secured by Personal Guarantee of three Directors of the Company i.e. Mr. Gaurang Shah, Mrs. Bhavini Shah and Mrs. Dhruti Shah and one Director of Yamuna Bio Energy Private Limited i.e. Mr. Hemant Patel.

Borrowing availed from Hinduja Leyland Finance Limited is secured against six flats collaterally owned by Yamuna Bio Energy Private Limited.

Reasons for Difference:

(a) In Inventory:The information was submitted before finalisation of accounts and there was change in the valuation of inventory during finalisation of accounts.

(b) In Trade Receivable: The information was submitted before finalisation of accounts and there was change in the book debts due to knocking off of amount payable against amount receivable pertaining to same parties during finalisation of accounts.

NOTE 41: EMPLOYEE BENEFITS

The following table sets out the status of the gratuity as required under Accounting Standard AS-15 on Employee

Benefit and the amount recognized in the Company's financial statements as at March 31, 2023.

NOTE 42:

The Company has not granted any Loans or Advances in the nature of loans to Promoters, Directors, KMP's and related parties which are repayable on demand or given without specifying terms or period of repayment.

NOTE 43:

The Company does not hold any Benami Property under the Benami Transactions (Prohibition) Act, 1988.

NOTE 44:

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.

NOTE 45:

The Company has not made any Investment in violation to the provisions related to number of layers prescribed under clause (87) of section 2 of the Companies Act, 2013 read with the Companies (Restriction on number of Layers) Rules, 2017.

NOTE 46:

The Company has not traded or invested in Crypto Currency or Virtual Currency.

NOTE 47:

The Company has no such transactions that are not 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 48:

The Board of Directors of the Company at its meeting held on August 10, 2022 approved the scheme of amalgamation of Yamuna Bio Energy Private Limited (YBEPL) with the Company, subject to necessary regulatory approvals, with effect from April 1, 2022 being the appointed date. On amalgamation of YBEPL with Company:

(i) all the assets and liabilities of YBPL will be transferred to the Company.

(ii) the shareholders of YBPL will get 14 Equity Shares of the Company in exchange of 100 Equity Shares of YBPL in proportion of their holdings.

The Scheme shall be effective from the date on which the order approving the Scheme by National Company Law Tribunal (NCLT) will be filed with the Registrar of Companies (ROC). As at March 31, 2023, Company has not received any order from NCLT and hence effect of amalgamation is not given in Books of Company.

NOTE 49:

In the opinion of the Board, assets such as loans and advances, trade receivables and other current and noncurrent assets do not have a value on realisation in the ordinary course of business lesser than the amount at which they are stated.

NOTE 50:

Previous year's figures have been regrouped/reclassified, where necessary, to confirm to current year's presentation.