NOTE 37

CONTINGENT LIABILITY

There are no contingent liabilities pertaining to the company.

NOTE 38

The Company did not have any material transactions with companies struck off under section 248 of the Companies Act, 2013 or section 560 of the Companies Act, 1956 during the financial year.

NOTE 39

Charge created by Citi Bank is not reflected correctly at the MCA portal under Register of Charges, we have already informed the bank for rectifying the same.

NOTE 40

No transactions to report against the following disclosure requirments as notified by MCA pursuant to amended schedule III :

(a) Title deeds of Immovable Property not held in name of the Company.

(b) Benami Property held under Prohibition of Benami Property Transactions Act, 1988 and rules made thereunder

(c) Compliance with number of layers of companies & approved scheme of arrangments

(d) Relating to Borrowed Funds

(i) Wilful defaulter

(ii) Utilisation of Borrowed funds or share premium

(iii) Discrepancy in utilisation of borrowings

(e) Crypto Currency or Virtual Currency

(f) Undisclosed Income

NOTE 41

DIVIDEND PROPOSED BY THE COMPANY

A dividend of Rs.0.50 per share has been recommended on equity shares for year ended March 31, 2023. This equity dividend is subject to approval by shareholders at the Annual General Meeting and has not been included as a liability in these financial statements. The proposed equity dividend is payable to all holders of fully paid equity shares on record date.

NOTE 42

ISSUE OF SHARES TO PUBLIC

The company completed initial public offer of 47,00,000 equity shares of Rs. 10/- each at a price of Rs.121/- consisting of fresh issue of 28,00,000 equity shares and offer for sale of 19,00,000 equity shares. The equity shares of the company got listed on the EMERGE Platform of NSE Limited on 11th October 2022.

Proceeds of the IPO have been fully utilised for the purpose of the issue.

NOTE 43

PREVIOUS YEAR FIGURES

Previous year figures have been regrouped to comply with current period groupings.