(a) The Company has only one class of equity shares having a par value of ' 10 each. Each holder of equity shares is entitled to one vote per share. In the event of liquidation of the Company, holders of equity shares will be entitled to receive any of the remaining assets of the Company, after distribution of all preferential amounts. The distribution will be in proportion to the number of equity shares held by the shareholders.

(b) There is a movement in equity share capital during the current year and no movement during the previous year.

(d) The Company has not issued any share pursuant to a contract without payment being received in cash in the current year and preceding five years. The Company has not issued any bonus shares nor has there been any buy-back of shares in the current year and preceding five years.

Commitments:

a) Estimated amounts of contractors remaining to be executed - -

On capital accounts and not provided for

b) Letter of credited against import of material - -

30 The One-Time Settlement (OTS) scheme with Punjab National Bank, which was under implementation in the previous year, has been successfully completed during the current year. All dues have been fully settled. No Due Certificate has already been received from the Bank.

31 Regarding Milk Cess liability to Govt. of Haryana under Haryana Murrah Buffalo and other Milch Animal Breed Act, 2001 Act. The company has filed a Special Leave Petition before the Hon'ble Supreme Court against the decision dated 28th May, 20lO of Punjab & Haryana High Court regarding levy of Milk Cess under the above act. The SLP was admitted in the Hon'ble Supreme Court and it had granted interim stay in September, 2012. The matter is pending before the Hon'ble Supreme Court. Ending September quarter i.e. 30.09.2023, Company received demand notice amounting to Rs. 512.76 Crore and further received the recovery notice for above amount from the office of Tehsildar, District Karnal. The company filed a writ petition in Hon'ble Punjab & Haryana High Court against this demand recovery notice and stay of recovery proceedings. The Hon'ble High court stayed the recovery proceedings and instructed the company to deposit Rs. 4 Crores by 31.03.2024. The company has complied and deposited the due amount as per the said order. The company had received the last demand notice as on 31st December, 2023 from the Govt. of Haryana for Rs. 544.31 Crores for Milk Cess along with compounded Interest. The company as an abundant caution has provided for the Milk Cess Provision in the accounts for the current year Rs. 59.06 Lacs, making total amount of Rs. 21.30 Crore as on 31st March 2025, out of which Rs. 5.91 Crore and Rs. 4.00 Crore, total amounting to Rs. 9.91 Crore has been already deposited as per Hon'ble Supreme Court's & Hon'ble Punjab & Haryana High Court's orders. The respective milk cess matters are pending before Hon'ble Supreme Court & Hon'ble Punjab & Haryana High Court.

35 OPERATING SEGMENT

The Company is engaged in the business of Milk Products Manufacturing which in context of Indian Accounting Standards - 108 “Operating Segment” issued by the Institute of Chartered Accountants of India is considered as the only Business Segment. Accordingly, the disclosure requirements of Ind AS 108 are not applicable.

36 In the opinion of the Board of Directors, Current Assets, Loan and Advances have value on realization in the ordinary course of business at least equal to the amounts at which they are stated and provision for all known liabilities have been made in accounts.

37 As per the Indian Accounting Standard - 24 issued by the Institute of Chartered Accountants of India “Related Party Disclosure “. In view of this the company has given the following disclosures for the year.

The company has identified the related parties having transactions during the year, as per detail given below.

38 The company has paid Managerial Remuneration amounting to Rs.66,08,470/- to directors without prior approval from the lenders. The Company's lenders have been paid by OTS Debt Settlement. The entire settlement amount has been paid to the respective Lenders. They have issued their No Dues Certificates to the Company. Board has recommended to the share holder for the ratification of remuneration already paid.

39 Subsequent to the One-Time Settlement (OTS) with various banks, the company undertook a comprehensive review and reconciliation of its bank accounts. During this exercise, a discrepancy amounting to ?140 lakhs was identified, primarily arising from old cheques issued and received in prior years. Due to the age of these transactions and the lack of traceable supporting documentation, the balances were deemed irrecoverable. Accordingly, the company has decided to write off the said amount by debiting it to Miscellaneous Expenditure in the Profit and Loss Account.

41 Figures for the previous year have been regrouped/rearranged wherever considered necessary.