b. Terms and rights attached to equity shares

(i)    The Company has only one class of equity shares having a par value of Rs. 10 per share. Each holder of equity shares is entitled to one vote per share.

(ii)    In the event of liquidation, the equity shareholders are eligible to receive the remaining assets of the Company after distribution of all preferential amounts, in proportion to their shareholding.

(iil) The company has not issued any number of shares for consideration other than cash and has not bought back any number of shares during the period of five years immediately preceding the reporting dale.

(iv) The Company has not declared the dividend during the year and in the previous year.

Disclosure under The Micro, Smell It Medium Enterprise Development Act, 2006

The Company is in the process of obtaining necessary confirmations from supplier* regarding their status under the Micro, Small and Medium Enterprises (MSME) Development Act, 2006 (the 'Act') and hence disclosures regarding the following have not been made:

L Amount due and outstanding to MSM E suppliers as at tire end of the accounting period / year.

il. Interest paid during the period / year to MSM E

111. Interest payable at Our end of the accounting period / year to MSME.

Iv. Interest accused and unpaid at the end of the accounting period / year to MS ME Management believes that the figures for disclosure* If any, will not be significant.

34 Reporting under AS 15: Employee Benefits

(a)    Defined contribution plans:

The company makes provident fund and employee state insurance scheme contributions which are defined contribution plans, for qualifying employees. Under the schemes, the company is required to contribute a specified percentage of the payroll costs to fund the benefits. The company recognised Rs. 6082.65 ( March 31, 2022 Rs. 4164.04 ) for provident fund contributions and employee state insurance scheme contributions in the statement of profit and loss. The contributions payable to these plans by the company are at rates specified in the rules of the schemes.

(b)    Defined benefit plans:

The Company has a defined benefit gratuity plan. Every employee who has completed five periods or more of service gets a gratuity

on departure at 15 days salary (last drawn salary) for each completed period of service. The scheme of gratuity is funded.

The following tables summarize the components of net benefit expense recognized in the statement of profit and loss and the funded status and amounts recognized in the balance sheet for the respective plan.

35 Reporting under AS 17: Segment Reporting

The Company is Segmented in business activity. It is engaged in manufacturing of steel items and Industrial Goods etc. and also provides services relating to it. For the purpose of disclosure of segment information, the Company considers these business as a two business segments (ie. Manufacturing and services business). Further, the Company operates primarily in India and there is no oilier significant geographical segment.

37    Corporate Social Responsibility

The company does not qualify any of the criteria set forth under section 135 of Companies Act'2013, hence it is not required to contribute towards CSR activities.

38    Details of Benami property held Of any proceedings have been initiated during the FY under Benami property Actl

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

39    Relationship with Struck off companies

The company has no relationship or transaction with any companies which are struck off pursuant to provision of section 248 of the Companies Act, 2013

40    Disclosure relating to quarterly statements-Applicable if sanctioned CC limit Is above Rs.5 Cr Stock Statement submitted to the bank are in agreement to the books of account.

41    Details of Undisclosed Income

The company has not surrendered or disclosed any unrecorded income in any tax assessments under the Income Tax Act, 1961 during the financial year.

42    Wilful Defaulter

The Company has not been declared as a wilful defaulter by any bank or financial institution during the financial year.

43    End Use of borrowings

The company has deployed borrowed funds from Banks and Financial institutions for the purpose against which the funds was so borrowed.

44    Registration of Charges or Satisfaction with Registrar of Companies

The company has not made any delay beyond the statutory period in Registration or Satisfaction of charges with the jurisdictional Registrar pursuant to provision of section 77 of Company Act, 2013

45    Compliance with number of layers of companies

The company is not a subsidiary company as defined under section 2 (87) Companies Act, 2013 or a holding company as defined under section 2 (46) of the Companies Act, 2013

46    Investment in Crypto Currency

The company has not traded or invested in crypto currency or virtual currency during the financial year._I