(a) Rights, Preference and Restrictions attached to Equity Shares of H10 each.

The Company has only one class of share referred to as Equity Shares having a par value of H10/- each. Each holder of Equity Shares is entitled to one vote per share. Dividend on such shares is payable in proportion to the paid up amount. Dividend (if any) recommended by board of directors (other than interim dividend) is subject to approval of the shareholders in the ensuing Annual General Meeting.

In the event of winding up of the company, the holder of Equity Shares will be entitled to receive any of the remaining assets of the company after all preferential amounts and external liabilities are paid in full. However, no such preferential amount exists currently. The distribution of such remaining assets will be on the basis of number of Equity Shares held and the amount paid up on such shares.

d) Custom duty saved on import of capital goods under EPCG Scheme is H234.27 Lacs on 08.02.2017. Total Export Obligation ( EO) under the EPCG Scheme is H1,405.62 Lacs. Export period is 6 years upto 07.02.2023. Further the Company has filed an application with DGFT fulfilment of EO with 20% EO enhancement with extented period of 2 Years i.e up to 07.02.2025.

b) Defined Benefit Obligation:

Post employment and other long-term employee benefits in the form of gratuity is considered as Defined Benefit Obligation. The present value of obligation is determined based on actuarial valuation using projected unit credit method as at the Balance Sheet date. The amount of defined benefits obligation recognized in the Balance Sheet represent the present value of the obligation as adjusted for unrecognized past service cost.

2.31 The Company is engaged in manufacturing of Plastic Caps & Closures. Considering the nature of Business and financial reporting of the company, the company is operating in only one segment. Hence segment reporting is not applicable.

2.33 In accordance with the provisions of the Accounting Standard on Impairment of Assets, AS -28, the management has made assessment of assets in use in respect of each cash-generating unit and considering the business prospects related thereto, no provision is considered necessary on account of impairment of assets.

2.34 Based on Information available with the company and relied by us, principal amount due and remaining unpaid to Micro & Small Enterprises as defined under the Micro, Small & Medium Enterprises Development Act, 2006 as on 31.03.2023 amounted to H117.79 Lakhs and no interest was paid or is payable to Micro & Small Enterprises for the year. The Company has initiated the process of identification of Creditors which falls under category of MSME, the disclosure relating to amount due to MSME are made to the extent information received.

2.35 The Balances of Advances , Trade Receivables and Trade Payables are subject to confirmation from the parties and subsequent adjustment if any on reconciliation.

2.36 Previous year's figures have been regrouped / rearranged, wherever considered necessary to conform to current year presentation.

2.37 Additional regulatory information

A) The title deeds of immovable properties (other than properties where the Company is the lessee and the lease Agreements are duly executed in favour of the lessee) are held in the name of the Company.

B) The Company does not have any investment property.

C) The Company has not revalued its Property, Plant and Equipment (including Right-of-Use Assets) and Intangible assets.

D) There are loans or advances in the nature of loans are granted to Promoters, Directors, KMPs and the related parties (as defined under Companies Act, 2013), either severally or jointly with any other person, that are outstanding as on 31st March, 2023 are as follows which is repayables on demand:

E) No proceedings have been initiated or pending against the company for holding any benami property under the Benami Transactions (Prohibition) Act, 1988 (45 of 1988) and the rules made thereunder

F) The company is not declared willful defaulter by any bank or financial institution or other lender.

G) The company has not undertaken any transactions with companies struck off under section 248 of the Companies Act, 2013 or section 560 of Companies Act, 1956.

H) No Scheme of Arrangements has been approved by the Competent Authority in terms of sections 230 to 237 of the Companies Act, 2013.

I) 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 undrstanding (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.

J) 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 (Ultimate Beneficiaries) by or on behalf of the Funding Party or provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries.

K) No transactions has been surrendered or disclosed as income during the year in the tax assessment under the Income Tax Act, 1961. There are no such previously unrecorded income or related assets.

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

M) The Provision of Section 135 of the Companies Act 2013 in relation to Corporate Social Responsibility are applicable to the Company for the financial year 2023-24 and Details of the required CSR spending are as follows:

A Current Ratio (In times)

During the year, Company took more short term loans from the bank and increased in Trade Payables on account of this Current Liabilities increased from H1224.19 lakhs to H4285.27 lakhs, hence Current Ratios decresed from 2.76 times to 1.05 times.

E Inventory Turnover Ratio ( In times)

Average Inventory increased from H661.46 Lakhs to H1151.79 Lakhs because of this Inventory Turnover Ratio improved from 5.52 times to 9.63 times.

F Trade Receivables Turnover Ratio (In times)

Company's Revenue increased from H4691.25 lakhs to H12819.11 lakhs and Average Receivables increased from H940.83 Lakhs to H1100.65 Lakhs because of this Trade Receivables Turnover ratio improved from 4.99 times to 11.65 times.

H Net Capital Turnover Ratio (In times)

In the FY 2022-23, Receivables and Inventory increased as compared to previous year and Company took more Short Term Loan and increased in Trade Payables as compared to previous year, Company's Net Working Capital decreased from from 2153.51 to 209.88 lakhs on account of this ratio increased from 2.11 times to 61.08 times.

I Net Profit Ratio (In %)

Due to increased in the finance cost and other expenses, Company's Net profit ratios decreased from 6.84 % to 3.83%.

J Return on Capital Employed (In %)

Company's Earnings increased from H663.12 lakhs to H1071.20 lakhs,on account of this return on Capital Employed Ratio improved from 12.22% to 18.69%.

K Return on Investment (In %)

During the year, Company generated more Income from Operation on account of that Return on Investment increased from 10.72% to 14.08%.