1. Pursuant to the approval of the shareholders at the Forty-third Annual General Meeting 1(one) Equity Share of face value of ' 10/- (Rupees Ten Only) each fully paid-up was subdivided into 10(ten) Equity Shares of ' 1/- (Rupee One Only) each fully paid-up effective 21st September, 2021.

2. For the period of five years immediately preceding 31st March,2023, no shares were allotted as fully paid up pursuant to any contract without consideration being received in cash or allotted as fully paid up by way of bonus shares or bought back.

f. Terms /rights attached to equity shares :

The Company has only one class of equity shares having a par value of ' 1/- per share fully paid up. Holders of equity shares are entitled to one vote per share. An Interim dividend of ' 4.50/- per equity share of ' 1/- each (31.03.2022: ' 4.50 /- per equity share of ' 1/- each) has been paid during the year ended 31st March 2023. In the event of liquidation of the Company, the holders of equity shares will be entitled to receive the sale proceeds from remaining assets of the Company after distribution of all preferential amounts, in proportion to the number of equity shares held by the shareholders.

i) Fund for unforeseen exigencies has been created for dealing with unforeseen exigencies and the amount transferred during the year will be invested as per the applicable regulations. Retained Earnings represents profit earned by the Company, net of appropriations till date and adjustments done on transition to Ind AS. Equity Instruments through Other Comprehensive Income represents the cumulative gains and losses arising on fair valuation of equity instruments measured at fair value through other comprehensive income.

ii) Capital reserve had arisen consequent to a scheme of arrangement in financial year ended 31st March 2018 and was adjusted with retained earnings.

(b) ' 1,200.00 crore (31.03.2022 - ' 700 crore) are secured, ranking pari passu inter se, by equitable mortgage /

hypothecation of the property, plant and equipment of the Company as a first charge.

ii Term Loans amounting to:

(a) ' 3,846.40 crore (31.03.2022 - ' 3,422.98 crore) are secured, ranking pari passu inter se, by equitable mortgage / hypothecation of the property, plant and equipment of the Company including its land, buildings and any other constructions thereon, plant and machinery, etc. as a first charge and, as a second charge, by hypothecation of the Company's current assets comprising stock of stores, coal, book debts, monies receivable and bank balances. However, creation of the said mortgage security in respect of one Rupee Loan (31.03.2022 - three Rupee Loans), aggregating ' 110 crore (31.03.2022 - ' 900 crore) is in process;

(b) ' 700.35 crore (31.03.2022 - ' 455.40 crore) are secured, ranking pari passu inter se, by equitable mortgage / hypothecation of the property, plant and equipment of the Company as a first charge;

(c) ' 350 crore (31.03.2022- ' 550 crore) are secured, ranking pari passu inter se, by hypothecation of the movable property, plant and equipment and current assets of the Company as a first charge;

(d) ' Nil (31.03.2022- ' 166 crore) are secured, ranking pari passu inter se, by hypothecation of the movable property, plant and equipment of the Company as a first charge and by hypothecation of the Company's current assets as a second charge;

(e) ' 340.56 crore (31.03.2022- ' 601.66 crore) are secured, ranking pari passu inter se, by hypothecation of the movable property, plant and equipment of the Company as a first charge; and

(f) ' 375 crore (31.03.2022- ' 500 crore) are secured, ranking pari passu inter se, by hypothecation of the Company's current assets as a first charge and by equitable mortgage / hypothecation of the property, plant and equipment of the Company as a second charge.

Interest rates on Rupee Term Loans from Banks are fixed or based on spread over respective lenders' benchmark rate. Interest rate on Debentures are fixed or based on spread over Repo / T-Bill rate.

AH of the above are repayable in periodic instalments over the maturity period of the respective loans. Debentures aggregating to ' 1,755 crore are due for maturity on 16-Nov-27 - ' 37.50 crore; 17-Oct-27 - ' 25 crore; 16-Aug-27 - ' 37.50 crore; 17-Jui-27 - ' 25 crore; 16-May-27 - ' 37.50 crore; 17-Apr-27 - ' 25 crore; 16-Feb-27 - ' 37.50 crore; 17-Jan-27 - ' 25 crore; 16-Nov-26 - ' 37.50 crore; 17-Oct-26 - ' 25 crore; 30-Sep-26 - ' 50 crore; 16-Aug-26 - ' 37.50 crore; 17-Jui-26 - ' 25 crore; 30-Jun-26 - ' 50 crore; 16-May-26 - ' 37.50 crore; 17-Apr-26 - ' 25 crore; 30-Mar-26 - ' 50 crore; 16-Feb-26

- ' 37.50 crore; 17-Jan-26 - ' 25 crore; 30-Dec-25 - ' 50 crore; 30-Sep-25 - ' 50 crore; 30-Jun-25 - ' 50 crore; 21-May-25 - ' 37.50 crore; 30-Mar-25 - ' 50 crore; 21-Feb-25 - ' 37.50 crore; 30-Dec-24 - ' 50 crore; 24-Dec-24 - ' 100 crore; 21-Nov-24 - ' 37.50 crore; 13-Oct-24 - ' 100.00 crore; 21-Aug-24 - ' 37.50 crore; 21-May-24 - ' 37.50 crore; 21-Feb-24

- ' 37.50 crore; 02-Feb-24 - ' 55.00 crore; 07-Dec-23 - ' 200.00 crore; 21-Nov-23 - ' 37.50 crore; 13-Oct-23 - ' 100.00 crore and 21-Aug-23 - ' 37.50 crore.

Interest rates on Rupee Term Loans from Banks are fixed or based on spread over respective lenders' benchmark rate. Interest rate on Debentures are fixed or based on spread over Repo / T-Bill rate.

All of the above are repayable in periodic instalments over the maturity period of the respective loans. Debentures aggregating to ' 1,360 crore are due for maturity on 30-Sep-26 - ' 50 crore; 30-Jun-26 - ' 50 crore; 30-Mar-26 - ' 50 crore; 30-Dec-25 - ' 50 crore; 30-Sep-25 - ' 50 crore; 30-Jun-25 - ' 50 crore; 21-May-25 - ' 37.50 crore; 30-Mar-25 - ' 50 crore; 21-Feb-25 - ' 37.50 crore; 30-Dec-24 - ' 50 crore; 24-Dec-24 - ' 100 crore; 21-Nov-24 - ' 37.50 crore; 13-Oct-24 - ' 100.00 crore; 21-Aug-24 - ' 37.50 crore; 21-May-24 - ' 37.50 crore; 21-Feb-24 - ' 37.50 crore; 02-Feb-24 - ' 55.00 crore; 07-Dec-23 - ' 200.00 crore; 21-Nov-23 - ' 37.50 crore; 13-Oct-23 - ' 100.00 crore; 21-Aug-23 - ' 37.50 crore; 10-Feb-23 - ' 55.00 crore and 13-Oct-22 - ' 50.00 crore

Working capital facilities from bank in (a) above are secured, ranking pari passu inter se, by hypothecation of the Company's current assets comprising stock of stores, coal , book debts, monies receivable and bank balances as a first charge and, as a second charge, by equitable mortgage / hypothecation of property, plant and equipment of the Company including its land, buildings and any other construction thereon.

' 0.08 crore (31.03.2022- Nil), Nil ( 31.03.2022 - Nil), ' 0.75 crore (31.03.2022 - ' 0.28 crore), ' 3.75 crore (31.03.2022' 2.99 crore) and Nil (31.03.2022 - Nil) representing interest due on amount outstanding as at the year end, interest paid along with amount of payment made beyond the appointed day, interest due and payable for the period of delay in making payment during the year, amount of interest accrued and remaining unpaid at the year end, amount of further interest remaining due and payable in the succeeding years, respectively due to Micro and Small Enterprises, as defined in the Micro, Small and Medium Enterprises Development Act, 2006 based on information available with the Company.

NOTE -31 CONTINGENT LIABILITIES AND COMMITMENTS

a. Estimated amount of contracts remaining to be executed on capital account and letter of comforts towards borrowing / financing obligations of subsidiaries from banks, not provided for amount to ' 23.87 crore (31.03.2022 : ' 81.13 crore) and ' 1,648.57 crore ( 31.03.2022 : ' 1,606.19 crore ) respectively.

b. The Ministry of Coal had encashed the bank guarantee of the Company amounting to ' 66.15 crore in April 2018, in terms of its letter dated 25.04.2018, alleging non-compliance with the mining plan for the years 2015-16 and 2016-17 as per the Coal Mine Development and Production Agreement (CMDPA). Further, in terms of the above letter, the Ministry had directed the Company to top-up the bank guarantee with the aforesaid encashed amount. The Hon'ble High Court of Delhi while disposing the petition filed by the Company against the Ministry's letter dated 25.04.2018, stayed the operation of this letter and further directed the Company to approach the Tribunal. Company has accordingly filed a petition before the Special Tribunal at Godda, Jharkhand challenging the letter dated 25.04.2018 and further seeking refund of the encashed amount. Based on a legal opinion, the Company expects a favourable outcome in the matter, and no provision has been considered necessary.

c. The Company has given bank guarantee of ' 143.95 crore (31.03.2022 : ' 139.95 crore) for procurement of coal, etc. which is outstanding as on the reporting date.

d. The Company has ongoing commitment to extend support and provide equity to the subsidiaries, in respect of various projects and otherwise where, in certain cases there are restriction on transfer of investments.

e. i) The Company had received a Show Cause cum demand notice of ' 14.71 crores for Service Tax on Additional

Premium together with other charges being paid for coal mining to Government of India as per the terms of allocation of the Sarsatolli Coal mine. The case is pending before CESTAT, East Regional Bench, Kolkata. Based

on legal opinion obtained the Company expects a favourable outcome in the matter and no provision has been considered necessary.

ii) The Company had received a Show Cause cum demand notice of ' 16.32 crores for Goods and Services Tax (GST) on Additional Premium together with other charges being paid for coal mining to Government of India as per the terms of allocation of the Sarisatolli Coal mine. The case is pending before The Additional Commissioner/ Joint Commissioner, CGST Kolkata North Commissionerate. Based on legal opinion obtained the Company expects a favourable outcome in the matter and no provision has been considered necessary.

f. Bharat Coking Coal Limited (BCCL) and Mahanadi Coalfields Limited (MCL) raised demands on the Company amounting to ' 111 crore and ' 12 crore respectively with respect to alleged excess supply of coal during 2015-16 and 2016-17 under respective Fuel Supply Agreements (FSAs) towards levy of premium beyond the notified and settled price. Such levy of premium is not in consonance with the FSAs and accordingly the Company has moved to the Hon'ble Calcutta High Court and obtained interim protection against the aforesaid demands. Based on a legal opinion, the Company expects a favourable outcome in the matter, and no provision has been considered necessary.

g. With regard to the Company's power purchase from one of its subsidiaries (provider), West Bengal Electricity Regulatory Commission (WBERC) has issued the tariff orders for the years 2018-19 to 2022-23 (considering applicable orders for Transmission Projects till date), wherein certain underlying matters have been dealt with in deviation from past practices of tariff determination and kept for disposal through future truing up exercise, impact of which is not ascertained. The said provider not being in agreement with the same, has since filed appeals in respect of the above Tariff Orders before the Hon'ble Appellate Tribunal for Electricity on the grounds interalia, that the orders have been passed after substantial period of delay, the applicable periods are long over and directions passed are impossible to comply because of significant delay in passing the said orders. However, for the year 2022-23, since the year has not elapsed, the said provider of power has given effect to the Tariff Order for the financial year 2022-23 with application of principles in terms of applicable Regulations. Based on legal opinion obtained, the provider is confident of the matter being adjudicated in its favour in respect of earlier years. Accordingly, necessary adjustment, if any, will be made on the matter reaching finality.

The Company makes contributions for provident fund and family pension schemes (including for superannuation) towards retirement benefit plans for eligible employees. Under the said plan, the Company is required to contribute a specified percentage of the employees' salaries to fund the benefits. The fund has the form of trust and is governed by the Board of Trustees. During the year, based on applicable rates, the Company has contributed and charged ' 65.96 crore (previous year : ' 64.61 crore) in the Statement of Profit and Loss . There is no shortfall in the Provident Fund Trust obligation which is required to be met by the Company, as on the Balance Sheet date.

The Company also sponsors the Gratuity plan, which is governed by the Payment of Gratuity Act, 1972. The Company makes annual contribution to independent trust, who in turn, invests in the Employees Group Gratuity Scheme of eligible funds for qualifying employees.

The Plans in India typically expose the Company to some risks, the most significant of which are detailed below:

Discount Rate risk: Decrease in discount rate will increase the value of the liability. However, this will partially offset by the increase in the value of plan assets.

Demographic Risk: In the valuation of the liability certain demographic (mortality and attrition rates) assumptions are made. The Company is exposed to this risk to the extent of actual experience eventually being worse compared to the assumptions thereby causing an increase in the scheme cost.

Future Salary Increase Risk: In case of gratuity & leave the scheme cost is sensitive to the assumed future salary escalation rates. But PRMB & pension are not dependant on future salary levels.

Regulatory Risk: New Act/Regulations may come up in future which could increase the liability significantly in case of Leave obligation, PRMB & Pension. Gratuity Benefit must comply with the requirements of the Payment of Gratuity Act, 1972 (as amended up-to-date). Also in case of interest rate guarantee Exempt Provident Fund must comply with the requirements of the Employees Provident Funds and Miscellaneous Provisions Act 1952 as amended up-to-date.

NOTE-39 REGULATORY INCOME

Regulatory Income /(Expenses) arise to the Company pursuant to the regulatory provisions applicable to the Company under the provisions of the Electricity Act, 2003 and regulations framed thereunder and disposals made by WBERC on the Company's various petitions / applications, in terms of the said regulations, at different timeframe including the tariff and APR orders for the years notified till date. These estimates have been recognised with discounting methodology, assuming recovery over a period of time, in consonance with the applicable regulations and application of prudence. The effect of adjustments -income/(expenses), relating to (a) advance against depreciation, (b) cost of electrical energy purchased, fuel related costs and those having bearing on revenue account (c) Deferred Taxation estimate and (d) effect of exchange fluctuation including MTM gain, as appropriate, based on the Company's understanding of the applicable regulatory provisions and applicable orders of the competent authorities, amounting to ' (11.36) crore (Previous year ' (38.83) crore), ' 824.00 crore [Previous year ' 780.00 crore], ' (25.44) crore ( Previous year ' (24.77) crore ) and NIL [Previous year ' (0.26) crore] respectively have been shown as Regulatory Income/(Expenses) with corresponding sums, reflected in Balance Sheet as Regulatory Deferral Account Balances (refer Note 18).

During the current financial year, the Company has received orders from WBERC in respect of its Annual Performance Review (APR) for the years ended 31st March 2015 to 31st March 2018. The impact of aforesaid orders has been considered in these financial statements, including estimated impact for subsequent periods till date, under Regulatory Income/(Expense) for the year ended 31st March 2023.

Regulatory deferral account debit balance comprise the effect of (a) Deferred tax, (b) cost of fuel and purchase of power and other adjustments having bearing on revenue account amounting to ' 3,334.61 crore (31.03.2022: ' 3,360.06 crore) and ' 2,510.23 crore (31.03.2022: ' 1,686.23 crore) respectively and that relating to credit balance comprise the effect of advance against depreciation amounting to ' 1,569.21 crore (31.03.2022: ' 1,557.85 crore). These balances have been recognised with discounting methodology, assuming recovery over a period of time using such rate in accordance with regulations and application of prudence.

Accordingly, the accurate quantification and disposal of the matters with regard to Regulatory Deferral Account balances, shall be given effect to, from time to time, on receipt of necessary direction from the appropriate authorities, including those attributable to the mining of coal from Sarisatolli mine which commenced operations from 10th April 2015.

The different levels have been defined below:

Level 1: financial instruments measured using quoted price. The fair value of all equity instruments which are traded in

the stock exchanges is determined using the closing price. The mutual funds are valued using the closing NAV.

Level 2: inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly

(i.e., as prices) or indirectly (i.e., derived from prices)

Level 3: inputs for the asset or liability that are not based on observable market data. c) The following methods and assumptions were used to estimate the fair values

i. The fair values of the mutual fund instruments are based on net asset value of units declared at the close of the reporting date.

ii. The fair value of preference share is determined on the basis of discounted cash flow wherein future cash flows are based on the terms of preference share discounted at rate that reflects market rate. Significant unobservable input used is discount rate and 0.50% increase / decrease in discount rate would results in decrease / increase in fair value of preference share by ' 0.08 crore. The fair value of equity share is determined on the basis of discounted cash flow. Significant unobservable input used is discount rate and growth rate and 0.50% increase / decrease in discount rate and growth rate would result in decrease / increase in fair value of equity share by ' 0.16 crore and ' 0.17 crore respectively.

iii. The carrying amounts of trade receivables, trade payables, receivable towards claims and services rendered, receivable from related parties, other bank balances, interest accrued payable/receivable, other receivables/ payables, cash and cash equivalents are considered to be the same as their fair values, due to their short term nature.

iv. Loans, non-current borrowings, lease receivable/payable and security deposits are based on amortised cost using effective interest rate method.

v. Fair Value of financial Intruments is determined on the basis of discounted cash flow analysis, considering the nature , risk profile and other qualitative factors. The carrying amounts are a reasonable approximation of the fair value.

NOTE-41 FINANCIAL RISK MANAGEMENT AND CAPITAL MANAGEMENT

The Company's operations of generation and distribution of electricity are governed by the provisions of the Electricity Act 2003 and Regulations framed thereunder by the West Bengal Electricity Regulatory Commission and accordingly the Company, being a licensee under the said statute, is subject to regulatory provisions/ guidelines and issues evolving therefrom, having a bearing on the Company's liquidity, earning, expenditure and profitability, based on efficiency parameters provided therein including timing of disposal of applications / regulatory matters by the authority.

The Company being the sole provider of electricity in the licenced area has been managing the operations keeping in view its profitability and liquidity in terms of above regulations. In order to manage credit risk arising from sale of electricity, multipronged approach is followed like maintenance of security deposit, precipitation of action against defaulting consumers,

obtaining support of the administrative authority. Credit risk towards Investment of surplus funds is managed by obtaining support of credit rating and appraisal by external agencies and lending bodies. The Company extends financial support to its subsidiaries including that of letter of comforts etc. to their lenders.

The Company manages its liquidity risk on financial liabilities by maintaining healthy working capital and liquid fund position keeping in view the maturity profile of its borrowings and other liabilities as disclosed in the respective notes.

The Company's market risk relating to variation of foreign currency, interest rate and commodity price is mitigated through relevant regulations and availability of bulk commodity namely coal generally sourced from own captive mine, domestic long term linkage and Special Forward E-Auction conducted by Coal India Limited and/or its subsidiaries.

While managing the capital, the Company ensures to take adequate precaution for providing returns to the shareholders and benefit for other stakeholders, including protecting and strengthening the balance sheet. Availability of capital and liquidity is also managed, in consonance with the applicable regulatory provisions.

NOTE- 4! Liability in respect of the security deposit collected by the Company, in terms of applicable regulations of the WBERC, has been classified as non - current, given the nature of its business in the license area, excepting to the extent of the sum refundable / payable within a year, based on experience.

NOTE- 41 Interest on Consumers' Security Deposits (being in the nature of trade deposits) is included in Other Expenses, as per consistent practice followed by the Company. This is paid to the consumers at the applicable rates in terms of the Regulations framed, under the Electricity Act, 2003,

NOTE- 48 The Company is primarily engaged in generation and distribution of electricity which is the only reportable business segment in line with the segment wise information which is being presented to the Chief Operating Decision Maker (CODM). There are no reportable geographical segments, since all business is within India.

The Company is also running a single retail store in state of Gujarat which is not significant for the CODM and hence not considered as reportable segment.

NOTE- 49

Part A of Schedule II to the Companies Act. 2013 (the Act), inter alia, provides that depreciabie amount of an asset is the cost of an asset or other amount substituted for cost. Part B of the said Schedule deals with the useful life or residual value of an asset as notified for accounting purpose by a Regulatory Authority constituted under an act of Parliament or by the Central Government for calculating depreciation to be provided for such asset irrespective of the requirement of Schedule II. In terms of applicable Regulations under the Electricity Act, 2003, depreciation on tangible assets other than freehold land is provided on straight line method on a pro-rata basis at the rates specified therein, the basis of which is considered by the West Bengal Electricity Regulatory Commission (Commission) in determining the Company's tariff for the year, which is also required to be used for accounting purpose as specified in the said Regulations. Based on legal opinions and accounting interpretations obtained, the Company continues with the consistently followed practice of recouping from the retained earnings an additional charge of depreciation relatable to the increase in value of assets arising from fair valuation , which for the current year amounts to ' 214.08 crore (31.03.2022 : ' 225.30 crore) and corresponding withdrawal of ' 0.50 crore ( 31.03.2022 : ' 2.03 crore ) consequent to sale / disposal of such assets.

Following are the Struck Off Companies where the balances are below ' 50,000

Gazi Poly PLast Products Pvt.Ltd, Mega Mobile Media Private Limited, Little Angles & - Developers Pvt.Ltd, Jkbm Ltd, Garuda Chains Pvt Ltd, B N Apartments Pvt Ltd, Regional Engineers Associated Pvt Ltd, Nook Holdings Pvt Ltd, Pashupati Developers Pvt .Ltd, Akla Builders Pvt.Ltd, Ekta Apartments Pvt. Ltd, Namaste Holdings Pvt Ltd, Midland Medicare Limited, The Dimakusi Tea Co Ltd, Gunadhatre Abasann Pvt.Ltd, Yash Rasayan Pvt Ltd, Longview Marketing & Impex Pvt Ltd, Oscar Projects Pvt.Ltd, Rajat Homfin Pvt.Ltd, Spark Dealers Pvt. Ltd, A.S.B. Properties Private Limited, Free India

Machinery Co Pvt Ltd, Shree Binayak Highrise Pvt.Ltd, Chandbali Properties Pvt Ltd, Madan Radio Co Pvt Ltd, Kailash Clothwear Pvt.Ltd, Navniketan Cine Pvt Ltd, Ledex Export (India) Pvt.Ltd, Packaging Aids Pvt.Ltd, Creation Marketing Pvt Ltd, Macneumatic Pvt. Ltd, Murarka Dealers Investors Pvt Ltd, Roshni Constructions Pvt Ltd, Shree Venkateswar Machine Tools Pvt.Ltd, National Ceramic Industries Ltd, India Steel Industries Pvt Ltd, Mishra Nirman Pvt Ltd, Dgm Infotech Private Limited, Demaca Commercial Pvt Ltd, Pradip Promotors Pvt Ltd, Aeercon Housing Pvt Ltd, Cine Sixteen Eastern Pvt Ltd, Pashupati Paints (India) Pvt Ltd, Gem Savings Unit Pvt Ltd, Calcutta Chemical Co Ltd, X'Clusive Business Centre Pvt.Ltd, Red Plus Clinics Pvt Ltd, Navkar Credit Services Pvt.Ltd, Acme Construction Co.Pvt.Ltd, Genius Consultants Pvt Ltd, Niva Marketing & Distribution Pvt. Ltd, Anil Tower Pvt.Ltd, G M Cure Home Pvt Ltd, Konatron Electronics - Pvt.Ltd, Sarwamangala Properties Pvt Ltd, Arihant Enclave Pvt Ltd, Cherish Projects & - Resources Pvt.Ltd, Exclusive Trade & Print Pvt.Ltd,

Saps Housing Projects Pvt Ltd, Dot Pvt Ltd, Siloni Engineers Pvt Ltd, Epic Apparels Pvt Ltd, Rocketing Properties Pvt. Ltd, Upasana Construction Pvt. Ltd, Lihala Metals Pvt Ltd, Acme Decals Pvt Ltd, Gallaine Developers Private Limited, Eikon Creators Pvt.Ltd, Purban Pvt Ltd, Uniphase Commercial Services Pvt Ltd, Hpb Developers Pvt. Ltd, Atlanta Health Centre Pvt Ltd, Rosewood Enclave Pvt Ltd, Amrita Commercial Co Pvt.Ltd, Metal Specialities Pvt Ltd, Silver Wings Pvt Ltd, D N Construction & Investment Pvt Ltd, Pathecherra Commotrade Pvt Ltd, S.D.Instruments Pvt.Ltd, Ghosh & Co (Textiles) Pvt Ltd, Amaltas Construction Pvt Ltd, Singhi Marketing Pvt. Ltd, Amrita Commercial Co Pvt Ltd, R.C. Estates Pvt Ltd, Santosh Biscuit Co Pvt Ltd, Estate Developers India Pvt Ltd, Parbati Multiplex Private Limited, Howrah Enclave Pvt.Ltd, Sas Laboratories Pvt Ltd, Moda Chrome Pvt.Ltd, Ananda Ashram Pvt Ltd, H P B Developers Pvt Ltd, Renaissance Cassette Pvt.Ltd, Das Fabrico Pvt.Ltd, G.B.Buildtech Pvt.Ltd, Naba Press Pvt Ltd, Farmaid India Pvt Ltd, Elmecon Bds Pvt. Ltd, Map Metal & Alloys - Pvt.Ltd, Nri Sweet Home Pvt.Ltd, Uniphase Commercial Services Pvt.Ltd, Innovative Design Centre Pvt.Ltd, Santosh Biscuit Co.Pvt. Ltd, Hpb Developers Pvt Ltd, Acme Construction Co Pvt Ltd, Tulika Holdings Pvt Ltd, Agency Syndicate Pvt. Ltd, Shree Roadways Ltd, B.K.Builders Pvt Ltd, Advani Properties Pvt Ltd, Benget India Pvt Ltd, Gunapunaraya Properties Pvt.Ltd, Shaw Vanaspati Pvt. Ltd, Shreekunj Hotels Pvt.Ltd, Star Wise Mercantiles Private Limited, System Engineers Pvt.Ltd, Swadevika Impex India Private Limited, Machfarm Pvt.Ltd, Simiran Textiles Pvt Ltd, Khaitan Pratisthan Pvt Ltd,

Blue Heaven Construction Company Pvt.Ltd, Suburban Projects Pvt.Ltd, Meghdoot Construction Pvt Ltd, Dhannantari Printing & Packaging Pvt.Ltd, Kajaria Sons Pvt.Ltd, Ranisati Merchandise Pvt Ltd, Anjali Towers Pvt.Ltd, Rishi Leather Pvt Ltd, A.K.Mukherjee & Co. Pvt.Ltd, D Bright & Co Pvt Ltd, Csj Enterprise Private Limited, Thienfore Co Pvt Ltd, Little-Oak Pharmaceuticals Pvt Ltd, L M C Finance Properties Pvt Ltd, Personal Finance Ltd, Capri Home Products Ltd, Jupiter Products Pvt Ltd, Bhagirathi Protein Ltd, Aadyasree Technologies Private Limited, A.S.Syndicate (Ware Houseing) Pvt Ltd, Eastern Pigments Pvt Ltd, Ess Ess Hirise Private Limited, Orbital Distributors Pvt Ltd, Torrent Merchandise Pvt Ltd, True Blue Media Private Limited, Dabro Agro Chemicals Pvt.Ltd, Lira Business Resources Pvt Ltd, Image Express Pvt.Ltd, Gcon Housing Pvt.Ltd, Modern India Machine Tools Pvt Ltd, Marcil Agriculture Farm Pvt Ltd, S.B.Minerals Pvt.Ltd, Nakoda Properties & Finance Pvt Ltd, Kva Homes Pvt.Ltd, Saryou Advisory Pvt Ltd, Mercodex India Pvt Ltd, Vasantlok Properties Pvt.Ltd, Ad Graphic And Design India Private Limited, Bajoria Coating Industries Pvt Ltd, M.PConsultancy Pvt Ltd, Howrah Warehouse Pvt.Ltd, Swil Ltd, Mindset Consulting Private Limited, Aryadeep Retailers Private Limited, Z.N.Construction - Pvt.Ltd, Rico Pvt Ltd, Claridge Commercial Pvt.Ltd, Natabar Oil Mill Pvt Ltd, Manu-Nem Holdings Pvt.Ltd, Ardikem Management Services Pvt.Ltd, Abhinav Print System Pvt Ltd, Eldyne Macro Systems India Pvt Ltd.

Nature of Transaction with the Struck Off Company : All transactions relate to Sale of Electricity and Security Deposit balance in the ordinary couse of business of electricity distribution.

Relationship with Struck off Companies : All are Electricity Consumers and there is no other relationship.

(iii) The Company does not have any charges or satisfaction which is yet to be registered with ROC beyond the statutory period.

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

(v) The Company has not advanced or loaned or invested funds to any other person(s) or entity(ies), including foreign entities (Intermediaries) with the understanding that the Intermediary shall:

(a) directly or indirectly lend or invest in other persons or entities identified in any manner whatsoever by or on behalf of the company (Ultimate Beneficiaries) or

(b) provide any guarantee, security or the like to or on behalf of the Ultimate Beneficiaries

(vi) 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:

(a) directly or indirectly lend or invest in other persons or entities identified in any manner whatsoever by or on behalf of the Funding Party (Ultimate Beneficiaries) or

(b) provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries.

(vii) The Company has no such transaction which is not recorded in the books of accounts that has been surrendered or disclosed as income during the year in the tax assessments under the Income Tax Act, 1961 (such as, search or survey or any other relevant provisions of the Income Tax Act, 1961).

(viii) The Company has complied with the number of layers prescribed under clause (87) of section 2 of the Act read with Companies (Restriction on number of Layers) Rules, 2017.

(ix) The Company is maintaining its books of accounts in electronic mode and these books of accounts are accessible in India at all times and the back-up of the books of accounts has been kept in servers physically located in India on a daily basis

(x) The quarterly returns or statements filed by the Company with the banks or financial institutions are in agreement with the books of accounts.

The installed capacity of the Generating Stations of the Company (as per certification of technical expert) as on 31st March, 2023 was 1125000 kW (31st March, 2022 : 1125000 kW).

NOTE- 56 The Company has reclassified previous year's figures to conform to this year's classification along with other regrouping / rearrangement wherever necessary.