d) Right, preference and restrictions attached to equity shares :

The Company has issued only one class of equity shares having a par value of Rs.10 each. Each equity shareholder is entitled to one vote per equity share.

Nature and purpose of reserves:

i) Security premium

Security premium is used to record the premium received on issue of shares . The reserve will be utilised in accordance with the provisions of the Companies Act,2013.

ii) General Reserve:

General reserve is created from time to time by way of transfer profits from retained earnings for appropriation purposes.

iii) Capital redemption reserve

Capital redemption reserve was created for redemption of preference shares. The Company may utilise it in accordance with provisions of the Companies Act, 2013

Details of security:

Working Capital loan is secured by first charge over entire current assets of the Company and by first mortgage/charge on immovable properties situated at 92-A, Industrial Area, Govindpura, Bhopal. All credit facilities from HDFC Bank Ltd. India is collaterally secured by Equitable Mortgage of house property at E-1/207 owned by Shri Kishore Gupta Director of the Company also by this personal guarantee.

There is no outstanding amount overdue as on March 31, 2023 to Micro, small and medium enterprises on account of principal or interest Nil *The details of classification of entities into Micro, Small and Medium as identified by the management on the basis of available information. This has been relied up on by the auditors.

**Acceptances includes arrangements where operational suppliers of goods and services are initially paid by banks while the Company continue to recognise the liability till settlement with the banks which are normally effected within a period of 90 days.

Note No. 33

The figures for the previous year have been regrouped / reclassified to correspond with current year’s classfication/ disclosure that include changes consequent to the issuance of “Guidance Note on Division II - Ind AS Schedule III to the Companies Act, 2013.”

Note No. 34

Disclosure For struck-off Companies

The Company has no Balance Outstanding in respect of Transations with any Company Struck-off under Section 248 of the Companies Act 2013.