(a) Equity Component of Compound Financial Instruments-_

The Company had issued non-Convertible Redeemable Preference Shares (NCRPS).Considering the accounting principles to be followed in the line with Indian Accounting Standards, the company has computed the liability portion of NCRPS as a present value of the contractural obligations associated with instrument. The difference between the issue amount of the NCRPS and the liability so computed has been treated as the 'Equity component of compound financial instruments' and grouped under the Equity. During the year company has also redeemed NCRPS. The details of NCRPS issued, subscribed, redemmed, and closing balance are given below-

15b Nature of Security :

a) Term Loan are secured by a first pari passu charge over immovable and movable assets of the company, both present and future.

b) Vehide loans from banks and financial institution are secured by hypothecation and mortgage of specific assets from various banks and Financial Institutions.

c) The cash credit facilities and Letter of Credit from Banks are secured by first pari passu charge over entire current assets i.e. stocks of raw materials, finished goods, stock in process, stores & consumables, trade receivables of the Company and second charge over the other movable assets and immovable assets of the Company.

15c Personal guarantee of directors, (i) Mr. Rajesh Agrawal (ii) Mrs. Rekha Agrawal Gurantee of Relative of the Directors : (i) Mr. Ramanand Agrawal

15d a) There is no default continuing or otherwise, as at the Balance Sheet Date, in re-payment of principal as well as interest of any of the above loan, b) Current maturities of long terms debts disclose under the sub-head "Borrowings" of head "current liabilities".

Since the entire amount of plan obligation is unfunded, therefore change in fair value of plan assets are not given. Further the entire amount of plan obligation is unfunded, therefore categones of plan assets as a percentage of the fair value of the total plan assets and company's expected contribution to the plan assets in the next year is not given.

The estimates of rate of escalation in salary considered in actuanal valuation, take into account inflations, seniority, promotion and other relevant factors including supply and demand in the employment market. The above information is certified by the actuary.

The expected rate of return on plan assets is determined considering several applicable factors, mainly the composition of Plan assets held, assessed risks, historical results of return on plan assets and the Company's policy for plan assets management.

Sensitivity Analysis

Significant Actuarial Assumptions for the determination of the defined benefit obligation are discount trade, expected salary increase and employment turnover. Hie sensitivity analysis below, have been determined based on reasonably possible changes of the assumptions occurring at the end of the reporting period, while holding all other assumptions constant. Tire result of sensitivity analysis is given below:

39 CAPITAL MANAGEMENT

Tire Company adheres to a robust Capital Management framework which is underpinned by tire following guiding principles;

a) Maintain financial strength to attain AAA ratings domestically and investment grade ratings internationally.

b) Ensure financial flexibility and diversify sources of financing and their maturities to minimize liquidity risk while meeting investment requirements.

c) Proactively manage group exposure in forex, interest and commodities to mitigate risk to earnings.

d) Leverage optimally in order to maximize shareholder returns while maintaining strength and flexibility of the Balance This framer cork is adjusted based on underlying macro-economic factors affecting business environment, financial market

Foreign Currency Risk:

No Exposure to foreign currency

Commodity Price Risk

Commodity price risk arises due to fluctuation in prices of raw material. The company has a risk management framework aimed at prudently managing the risk arising from the volatility in raw material prices and freight costs.

The company's commodity risk is managed centrally through well-established trading operations and control processes. In accordance with the risk management policy, the Company carefully caliberates the timing and the quantity of Credit Risk

Credit risk is the risk that a customer or counterparty to a financial instrument fails to perform or pay the amounts due causing financial loss to the company. Credit risk arises mainly from the outstanding receivables from customers.

The company has a prudent and conservative process for managing its credit risk arising in the course of its business activities. The credit ratings/market standing of the customers are evaluated on a regular basis.

2 Guarantee Given - - - -

41 EVENTS AFTER THE REPORTING PERIOD

No events after the reporting period

42 APPROVAL OF FINANCIAL STATEMENTS

The financial statements were approved for issue by the board of directors on 29.05.2023

43 OTHERS NOTES

(A) Electricity Duty exemption:

In tire Financial year 2012-13 tire company had applied for exemption of electricity duty in respect of electricity consumed in its SMS Plant. The company had been advised that under the Internal Policy of State of Chhattisgarh, it is entitled to get electricity duty exemption of an amount aggregating Rs. 1105.69 lacs. This amount pertains to accounting year 2011-1Z 2012-13, 2013-14, 201415, 2015-16, 2016-17, 2017-18 and 2018-19. The management is of tire opinion that tire same amount would be realized in the near future.

(B) Parties' accounts are subject to confirmation. Consequential effects adjustment, presently unascertainable, will be provided as and when confirmed.

(Q Trade Receivables, Loans & Advances and Deposits include certain over due accounts. Balances in tire accounts of certain debtors, loans and advances required to be confirmed / reconciled. However, in tire opinion of tire Board, all current assets, loans and advances would be realized in ordinary course of tire business at tire value as stated.

(D) In tire opinion of tire Board, tire provision for depreciation and all known liabilities is adequate and not in excess of tire amount reasonably necessary.

(E) Tire information required to be disclosed under the hlicro, Small and Medium Enterprises Development Act, 2006 Iras been determined to tire extent such parties have been identified on tire basis of information available with tire Company. There are no over dues to parties on account of principal amount and / or interest and accordingly no additional disclosures have been made

(F) Figures of the previous year have been reworked, rearranged/regrouped and reclassified wherever considered necessary. Accordingly, tire amount and other disclosures for preceding year are included as air integral part of current year's financial statement and are to be read in relation to tire amount and other disclosures relating to current year. Tire figures in financial statements are rounded off to the nearest lacs rupees.

(G) Separate segment wise reporting is not called for in view of tire fact that mostly tire revenue of tire Company is from structural manufacturing and all business activities are in India only. Tire operations of Gas Plant of company are mainly for captive use and tire surplus have been sold to external parties amount of Rs. 119.27 lakhs; tire same is not fulfilling tire criteria of (Iird-AS 108 (Segment Reporting)) separate reportable segment.

(H) Tire management Iras reviewed tire impairment position of tire assets disclosed in tire financial statement for tire year; and there is no indication of impairment (Assets carry cost is less than tire recoverable value) loss for tire year.