A) Rights, preference and restrictions attached to the shares

Equity Share Holder is entitled to one vote per share. The Company declares and pays dividend in Indian Rupees. The dividend proposed by the Board of Directors is subject to the approval of shareholders in the ensuing General Meeting. Dividend is paid to the equity Shareholders, whose name appears in the register of members as on record date.

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 the distribution of all preferential amounts. Distribution will be in the proportion to the number of equity shares held by the shareholders.

18.1 Equipment loan of Rs.8.30L payable in 60 months with equal EMI of Rs.0.19L stating from 10/03/2023 upto 10/02/2028.

18.2 Equipment loan of Rs.54.00L payable in 58 months with equal EMI of Rs.1.18L stating from 10/03/2023 upto 10/12/2027.

18.3 Equipment loan of Rs.54.00L payable in 58 months with equal EMI of Rs.1.18L stating from 10/03/2023 upto 10/12/2027.

18.4 Equipment loan of Rs.100.00L payable in 58 months with equal EMI of Rs.2.18L stating from 10/03/2023 upto

18.5 Car Loan of Rs.10.00L payable in 60 months with equal EMI of Rs. 0.23L starting from 10/03/2023 upto 10/02/2028.

18.6 Car Loan of Rs. 8.23L payable in 35 months with equal EMI of Rs. 0.27L starting from 10/09/2020 upto 10/07/2023.

18.7 Car Loan of Rs. 19.00L payable in 60 months with equal EMI of Rs. 0.38L starting from 25/10/2020 upto 25/09/2025.

18.8 Car Loan of Rs. 31.00L payable in 46 months with equal EMI of Rs. 0.81L starting from 10/04/2021 upto 10/01/2025.

18.9 Car Loan of Rs. 52.35L payable in 84 months with equal EMI of Rs. 0.79L starting from 05/04/2021 upto 05/03/2028.

18.10 Car Loan of Rs. 100.00L payable in 84 months with equal EMI of Rs. 1.52L starting from 07/08/2021 upto 07/07/2028.

18.11 Property Loan of Rs. 115.00L payable in 180 months with equal EMI of Rs.1.33L starting from 05/01/2022 upto

18.12 Property Loan of Rs. 10.00L payable in 60 months with equal EMI of Rs.0.24L starting from 05/01/2022 upto

18.13 FITL & WCTL (as per Note No. 20.1)

20.1 Secured Loans

(Above loans are secured against hypothecation of stock inculding work in progress and Book Debts, equitable mortgage of directors specific property and personal guarantee of Director Amit B. Mishra & relative of director Mrs Savita Mishra and Mrs. Mrudula Mishra)

21.1 Disclosure under the Micro and Small Enterprises Development Act, 2006 :

The company is compiling information from its suppliers regarding their s ta tu s as per the provisions of "Micro, Small and Medium Enterprise Development Act 2006". The company has not provided for any interest payable under the Act, since the company has not received any claim for interest payable and does not expect such claims, if made later, to be for material amount.

1) Capital Management

The primary objective of the Company’s capital management is intended to maximise the return to shareholders for meeting the long-term and short-term goals of the Company through the optimization of the debt and equity balance. The Company is monitoring capital using debt equity ratio as its base which is debt to equity. For the purpose of capital management, capital includes issued equity capital, securities premium and all other reserves attributable to the equity shareholders of the Company. Net debt includes all long and short-term borrowings (including current maturities of long term debt) as reduced by cash and cash equivalents.

2) Financial Risk Management Objective And Policies

The Company is exposed to market risk, credit risk and liquidity risk. Risk management is carried out by the company under policies approved by the board of directors. The Company’s documented risk management policies are effective tool in mitigating the various financial risk to which the business is exposed to in the course of daily operations This Risk management plan defines how risks associated with the Company will be identified, analysed, and managed. It outlines how risk management activities will be performed, recorded, and monitored by the Company. The basic objective of risk management plan is to implement an integrated risk management approach to ensure all significant areas of risks are identified, understood and effectively managed, to promote a shared vision of risk management and encourage discussion on risks at all levels of the organisation to provide a clear understanding of risk/benefit trade-offs, to deploy appropriate risk management methodologies and tools for use in identifying, assessing, managing and reporting on risks, and to determine the appropriate balance between cost and control of risk and deploy appropriate resources to manage/optimize key risks. Activities are developed to provide feedback to management and other interested parties (e.g. Audit committee, Board etc.). The results of these activities ensure that risk management plan is effective in the long term.

a) Market risk

Market risk is the risk that the fair value or future cash flows of a financial instrument will fluctuate because of changes in market prices. Market prices comprise three types of risk: foreign currency rate risk, interest rate risk and other price risks, such as equity price risk and commodity risk.

i) Foreign Exchange Risk and Sensitivity

Foreign currency risk is the risk that the fair value or future cash flows of a financial instrument will fluctuate because of changes in foreign exchange rates. The Company’s exposure to the risk of changes in foreign exchange rates relates primarily to the Company’s operating activities. Currently, the Company does not have any transaction in Foreign Currencies.

ii) Interest Rate Risk and Sensitivity

Interest rate risk is the risk that the fair value or future cash flows of a financial instrument will fluctuate because of changes in market interest rates .In order to optimize the Company’s position with regards to interest expenses and to manage the interest rate risk treasury performs a comprehensive corporate interest rate risk management by balancing the proportion of fixed rate and floating rate financial instruments in its total portfolio.

iii) Commodity Price Risk

The Company is engaged in construction work and commodities like ferrous and non ferrous metal materials, Welded pipes, MS TMT bars & Metals, Cements, etc are the basic commodity for consumption. Commodity price risk arises due to fluctuation in prices of metal products. The Company mitigate the risk by natural hedge as any increase/ decrease in materials price directly reflect the changes in finished goods price.

b) Credit Risk

Credit risk is the risk that a counter party will not meet its obligations under a financial instrument or customer contract, leading to a financial loss. The Company is exposed to credit risk for trade receivables, other bank balances, loans, other financial assets and financial guarantees.

i) Trade Receivables

The Company extends credit to customers in normal course of business. The Company considers factors such as credit track record in the market and past dealings with the Company for extension of credit to customers. The Company monitors the payment track record of the customers. Outstanding customer receivables are regularly monitored.

ii) Bank Balances

The Company seeks to limit its credit risk with respect to banks by only dealing with reputable banks.

c) Liquidity Risk

Liquidity risk is the risk that the Company may not be able to meet its present and future cash and collateral obligations without incurring unacceptable losses. The Company’s objective is to, at all times, maintain optimum levels of liquidity to meet its cash and collateral requirements. The Company limits its liquidity risk by ensuring funds from trade receivables.

36 . The year company has made provision of gratuity as per Group Gratuity Scheme of LIC, the valuation of gratuity is as per IND AS-19. Liability of Rs. 70,294/- pertaining to financial year has been deducted from retain profit. The Company has made payment of Rs.76,323/- as per previous year provision.

37. Capital Commitment & Contingent Liabilites:

a) Sales tax authority has raised demand pertaining to the F.Y 2014-15 of Rs. 50.27 Lakhs at the time of assessment against which the company has preferred to appeal and deposited Rs. 2,30,500/-. The Appeal has been filed to Joint Commissioner of Sales Tax, Mazgaon Office.

b) Sales tax authority has raised demand pertaining to the F.Y 2015-16 of Rs. 253.24 Lakhs at the time of assessment against which the company has preferred to appeal and deposited Rs. 13,95,291/-. The Appeal has been filed to Joint Commissioner of Sales Tax, Mazgaon Office.

c) Sales tax authority has raised demand pertaining to the F.Y 2016-17 of Rs. 246.88 Lakhs at the time of assessment against which the company has preferred to appeal. The Appeal has been filed to Joint Commissioner of Sales Tax, Mazgaon Office.

d) The company has given bank gurantee to various authorities amounting to Rs.1919.67 lakhs against which company has made fixed deposits amounting to Rs.424.23 lakhs

38. Sundry debtors, creditors, unsecured loans and advances are subject to confirmation with parties & in the opinion of the board the value of realisation of loan & advances and other current assets, in the ordinary course of business will not be less than the amount at which they are stated in the balance sheet.

41. Previous Years figures have been regrouped /reclassified wherever necessary.