1.24 Provisions, Contingent Liabilities, Contingent Assets and Commitments(i) Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past
event, it is probable that an outflow of resources embodying economic benefits will be required to settle the
obligation and a reliable estimate can be made of the amount of the obligation. If the effect of the time value of
money is material, the amount of a provision shall be the present value of expense expected to be required to
settle the obligation Provisions are therefore discounted, when effect is material, The discount rate shall be pre-tax
rate that reflects current market assessment of time value of money and risk specific to the liability. Unwinding of
the discount is recognised in the Statement of Profit and Loss as a finance cost. Provisions are reviewed at each
balance sheet date and are adjusted to reflect the current best estimate.

(ii) Contingencies

Contingent liabilities are disclosed when there is a possible obligation arising from past events, the existence of
which will be confirmed only by the occurrence or non-occurrence of one or more uncertain future events not
wholly within the control of the Company or a present obligation that arises from past events where it is either not
probable that an outflow of resources will be required to settle or a reliable estimate of the amount cannot be
made. Information on contingent liability is disclosed in the Notes to the Standalone financial statements.

A contingent asset is a possible asset that arises from past events and whose existence will be confirmed only by
the occurrence or non-occurrence of one or more uncertain future events not wholly within the control of the entity,
Contingent assets are not recognised, but are disclosed in the notes. However, when the realisation of income is
virtually certain, then the related asset is no longer a contingent asset, but it is recognised as an asset.

1.25 Events occurring after the Balance Sheet date

Events occurring after the balance sheet date up to the date of adoption of the accounts, which represent material
changes and commitments affecting the financial position, are disclosed by way of notes on the accounts.

(Amounts in rs. lakns)

NOTE 2 : SHARE CAPITAL (Contd.)

2.1 The Company has only one class of shares referred to as Equity Shares having a face value of Rs. 10/- each. All equity
shares carry one vote per share without restriction and are entitled to dividend, as and when declared. All shares are
ranked equally with regard to company's residual assets.

2.2 The company had bought back its 13,00,000 fully paid-up equity shares, representing 5% of the total issued capital and
extinguished those Equity Shares on 11th December 2023. Consequently, Paid up Share Capital of the company has
been reduced by Rs.130 Lakhs.

4.1 Term Loan from Banks is secured by First pari-passu charges on moveable fixed assets, immovable fixed assets of factory land
and building situated at plant of the company. Second Pari Passu Charge on current asset of the company, present and future.

4.2 Term Loan total outstanding of Rs.3765.52 Lakhs (Previous Year : Rs.4200 Lakhs) at the year end from HDFC Bank is
repayable in twenty nine equal quarterly instalments starting from July, 2025 and ending on July, 2032. The rate of
interest on above term loan at the year end is 7.37% p.a. (Previous Year : 8.44% p.a.).

4.3 Term Loan total outstanding of Rs.4379.64 (Previous Year : Rs.400 Lakhs) at the year end from IDFC First Bank is
repayable in twenty four equal quarterly instalments starting from June, 2027 and ending on March, 2033. The rate of
interest on above term loan at the year end is 7.95% p.a. (Previous Year : 8.95% p.a.).

4.4 Loan from Directors carries no interest.

6.1 Working Capital Credit facilities from banks is secured by way of a) first pari-passu charge on the entire current assets
of the company, both present & future b) second pair-passu charge on the entire fixed assets of the company including
equitable mortgage of leasehold right of the land at Company's Haldia Plant.

6.2 Cash Credit facilities availed from banks is payable on demand and carries interest rate at year end ranging between
7.75% to 9.12% (as at previous year : 8.78% to 9.44%) p.a., computed on a daily basis on the actual amount utilised.

6.3 Working Capital Demand Loan carries different interest rates between 7.55% to 9.50% (as at previous year : 7.95% to
9.44% ) p.a. and are repayable within 30 days.

6.4 Buyers credit (in foreign currency) is repayable within 90 to 180 days and carries interest rate ranging between SOFR 40
bps to SOFR 45 bps and is secured by hypothecation of stocks and book debts, both present and future.

6.5 Bill Discounting Facility from banks carries interest rate 7.45% to 8.10% (previous year: 8.35%) p.a.

6.6 Loan from Directors carries no interest.

29.25 The company is engaged in manufacture and sale of Calcined Petroleum Coke which constitutes single business
segment during the period. Considering the nature of company’s business and operations, there are no separate reportable
segments (business and/or geographical) in accordance with the requirements of Accounting Standard -17.

29.26 Lease

a) Reconciliation of Minimum Lease Payments at the balance sheet date and their present value:

b) The Company has no contingent rent to be recognized as an expense in the statement of profit and loss for the
period and has not sub-leased any property.

29.27 Additional regulatory information

a) The Company does not have any Benami Property and no proceedings have been initiated or is pending against

the Company for holding any Benami property under the Benami Transactions(Prohibition) Act,1988.

b) The Company has not been declared a wilful defaulter by any bank or financial institution or any other
lender.authority.

c) The Company has no transactions with companies struck off under Sec.248 of the Companies Act, 2013 or
Sec.560 of the Companies Act, 1956.

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

e) 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.

f) The Company has not traded or invested in Crypto currency or Virtual Currency during current or previous year.

g) The Company does not have any such transactions 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).

h) There are no immovable properties where the title deeds are not held in the name of the Company (other than properties
where the company is the lessee and the lease agreements are duly executed in favour of the company, if any).

i) The Company has been regular in filling quarterly returns or statements of current assets with banks and those
are generally in agreement with the books of accounts.

j) There are no loans or advances in the nature of loans granted to promoters, directors, KMPs and related parties,
either severally or jointly with another person, that are (i) repayable on demand or (ii) without specifying any terms
or period of repayment.

k) The Company has not advanced, loaned or invested funds with any other person(s) or entity(ies), including
foreign entities (Intermediaries) with the understanding that the Intermediary shall (i) 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 (ii) provide any guarantee, security or the like to or on behalf of the Ultimate Beneficiaries.

l) The Company has not received any funds from any person(s) or entity(ies), including foreign entities with the
understanding (whether recorded in writing or otherwise) that the Company shall (i) 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 (ii) provide any guarantee, security or the like to or on behalf of the Ultimate Beneficiaries.

29.28 In opinion of the management, all the assets other than fixed assets and non-current investments have a value on
realisation in the ordinary course of business otherwise stated, at least equal to the amount at which they are stated.

29.29 Certain debit and credit balances lying in the accounts are subject to confirmation thereof.

29.30 The current reporting period is 01.04.2025 to 31.03.2026 (previous reporting period is 01.04.2024 to 31.03.2025).

29.31 The Previous year figures are rearranged/regrouped/recasted wherever necessary to conform to this year’s
classification.