1. Segment Information

The Company’s business operations predominantly relates to manufacture of single product i.e. ERW pipes for selling worldwide. In view of this there may be product as primary segment and geography as secondary segment. All the machines, building, other infrastructure, materials and consumables are used commonly/interchangeably and it is not possible and practical to allocate revenue, profit/loss, assets or liabilities to any particular size, customer market etc. nor the specified parameters are applicable to any particular size, customer, market etc. distinguishing it as a reportable item under specified headings. However revenue from export (outside India) and home (within India) is given under geographical segment as under.

2.Related Party Disclosure:

(i) Names of related parties and nature of relationships:

a) Key managerial personnel:

i) Shri Madan Mohan Singla (Chairman and Managing Director)

ii) Shri Vijay Singla (Whole time Director)

iii) Shri Mithan Lal Singla (Director)

iv) Shri Rakesh Garg (Whole time Director)

v) Shri Dhruv Singla (Chief Financial Officer)

vi) Neeraj Kaushal (Company Secretary)

b) Enterprises owned or significantly influenced by key managerial personnel:

i) Chetan Industries Limited

ii) Jagan Industries Private Limited

3. Details of dues to Micro, Small and Medium Enterprise

The Government of India has promulgated an Act , 'The Micro, Small and Medium Enterprises Development Act, 2006', which comes into force with effect from October 02, 2006. The Company during the year has not received any intimation from any of its suppliers regarding their status under the said Act and hence disclosures, if any, relating to amounts unpaid as at the yearend along with interest paid/payable as required under the said Act have not been given. The Company generally makes payments to all its suppliers within the agreed credit period (generally less than 45 days) and thus, the Management is confident that the liability of interest under this Act, if any, would not be material.

4. The company has not received information from creditors regarding their status under the Micro, Small and Medium Enterprises Development, 2006 and hence disclosures relating to amount unpaid at the end of the year under this act has not been given. There are no claims for interest on delayed payments.

5. These financial statements are The Company' s first Ind AS financial statements. Accordingly the comparatives given in the financial statements have been complied after making necessary Ind AS adjustments to the respective audited financial statements under previous GAAP to give a true and fair view in accordance with Ind AS.

6. Approval of Financial Statements