The Company holds an investment in its subsidiary, Shree Coratomic Ltd., which is undertaking a specialized medical technology project - the Cochlear Implant Project. As disclosed in the consolidated financial statements, the project has been under suspension for the last two financial years, and no impairment assessment has been carried out by the subsidiary as at the reporting date, despite the existence of impairment indicators.

The Company continues to monitor the financial and operational position of the subsidiary and is evaluating whether any impact on the carrying value of its investment exists. Based on the available information, no impairment of the investment in the subsidiary has been recognized in these standalone financial statements as of the reporting date.

(a) Rights, preferences and restrictions attached to shares

The company has one class of equity shares having a par value of Rs.10 per share. Each shareholder is eligible for one vote per share held. In the event of liquidation, the equity shareholders are eligible to receive the remaining assets of the Company after distribution of all preferential amounts, in proportion to their shareholding.

2 Loan under STAR GECL from Bank of India is secured by Hypothecation of Stock,Book Debts and Plant and Machineries as primary security and Equitable mortgage of factory land [leasehold) and buildings situated at Plot no. 15, Industrial Area No. 2, Pithampur, Dist Dhar as collateral security, personal guaranteee of Shri Atul Kumar Sethi, Smt Amita Sethi and Shri Akash Sethi.and guaranteed by National Credit Gurantee Trustee Company (NCGTC). Rate of interest is 9.25% [RBLR 1.75%) repayable in 36 months after 2years moratorium period with monthly instalment of Rs. 71545/-.

*Working Capital Limit from Bank of India repayable on demand is secured by Hypothecation of Stock,Book Debts and Plant and Machineries as primary security and Equitable mortgage of factory land (leasehold) and buildings situated at Plot no. 15, Industrial Area No. 2, Pithampur, Dist Dhar as collateral security, pledge of 128965 shares of the Company M/s Shree Pacetronix Limited in the name of Mr. Atul Sethi, personal guaranteee of Shri Atul Kumar Sethi, Smt Amita Sethi and Shri Akash Sethi. Rate of interest is 10.65% (RBLR 1.30%)

** It includes loan from Bank of India (GECL), ICICI Bank, Chola Mandalam Investment and Finance Company Limited and HDFC Bank Ltd to be repayable within a period of one year. Disclosures relating to nature of security and terms of repayment are same as provided in long term borrowings.

The company has received information from some of the "suppliers" regarding their status under the Micro, Small and Medium Enterprises Development Act, 2006. Accordingly, the company has made separate list of such suppliers & disclosed the list in the attached financial Statements. However, payments to some of the suppliers outstanding beyond due dates have not been made as per the mutual terms of payments agreed by them. Hence no provision of interest on those overdue outstanding as per MSMED Act, 2006 has been made in the accounts.

37 FINANCIAL RISK MANAGEMENT Credit risk:

Credit risk is the risk of financial loss to the Company if a customer or counterparty to a financial instrument fails to meet its contractual obligations. Credit risk primarily relates to trade and other receivables, long-term loans, cash and cash equivalents.

The Company's exposure to credit risk with regards to trade and other receivables is influenced mainly by the individual characteristics of each customer and there is no significant concentration of risk related to industry segments. The granting of credit is controlled by well-established criteria that are reviewed on a regular basis. The maximum exposure to credit risk at the reporting date is the carrying amount of each trade receivable.

The credit policy requires each new customer to be analyzed individually for credit worthiness before delivery and payment terms are offered.

Other receivables consist primarily of security deposits, loans to employees and other receivables. The risk of default is assessed as low.

The credit risk surrounding loans receivable is assessed as low risk.

Credit risk on cash and cash equivalents is assessed as low risk as the Company deposits cash surpluses with financial institutions of high quality and standing.

Liquidity Risk

The Company actively monitors its cash flows to ensure there is sufficient cash available to meet its working capital requirements. Due to the dynamic nature of the underlying businesses, the Company maintains flexibility in funding by maintaining availability under committed credit lines. Management monitors rolling forecasts of the Company's cash and cash equivalents on the basis of expected cash flow.

Most of the Company’s current trade and other payables are due within one year.

Interest Rate Risk

The Company is exposed to interest rate risk on its cash and cash equivalents, long-term loans and borrowings, which can have an impact on the cash flows of these instruments. The exposure to interest rate risk is managed through the Company's Board by using counterparties that offers the best rates which enables the Company to maximize returns whilst minimizing risk.

38 Additional Regulatory Information

II The company is not Banking Company or a Non-Banking Finance Company or a Nidhi Company or Chit Fund Company or a Financial Institution or a company on which any of the directives issued by the Reserve Bank of India are applicable.

III Regrouping of previous year figures

Previous year figures have been regrouped or reclassified where ever required.

IV Title deeds of immovable Property not held in name of the Company

All title deeds of immovable property are in name of the company.

Since the relevant documents have been lodged with Bank of India for availinng loans, we have cerified the same with photocopies of the same.

V Where the Company has revalued its Property, Plant and Equipment, the company shall disclose as to whether the revaluation is based on the valuation by a registered valuer as defined under rule 2 of the Companies (Registered Valuers and Valuation) Rules, 2017

The Company has not revalued its Property, Plant and Equipment during the year.

VI Where Loans or Advances in the nature of loans are granted to promoters, directors, KMPs and the related parties (as defined under Companies Act, 2013,) either severally or jointly with any other person, that are:

The company has not granted loans or advances in the nature of loan to promoters, directors, KMPs or the related parties.

VII Capital Work In Progress (CWIP)

There is no capital work in progess (CWIP).

VIII Intangible assets under development

There are no intangible assets under development.

IX Details of Benami Property held

The company does not held any benami property and no procedings have been initiated or pending against the company for holding any benami property under the Benami Transactions (Prohibition) Act, 1988 (45 of 1988) and the rules made there under.

X Where the Company has borrowings from banks or financial institutions on the basis of current assets.

The quartely returns of current assets filed by the company with the bank are in agreement with figures as appearing in books of accounts and no

XI Wilful Defaulter

The company is neither wilful defaulter nor declared wilful defaulter by any bank or financial institution or other lender.

XII Relationship with Struck off Companies

The company has no relationship with struck off Companies.

XIII Registration of charges or satisfaction with Registrar of Companies

There is no pending registration or satisfaction of charge with Registrar of Companies.

XIV Compliance with number of layers of companies

The company has complied with prescribed layers of companies as per Companies Act, 2013.

XV Compliance with approved Scheme(s) of Arrangements

There is no scheme of Arrangements has been approved by the Competent Authority in terms of sections 230 to 237 of the Companies Act, 2013.

XVI Utilisation of Borrowed funds and share premium

The Company has not advanced or loaned or invested funds (either borrowed funds or share premium or any other sources or kind of funds) to any ot

- Directly or indirectly lend or invest in other persons or entities identified in any manner whatsoever by or on behalf of the company (Ultimate Benefic

- Provide any guarantee, security or the like to or on behalf of the Ultimate Beneficiaries.

XVII Corporate Social Responsibility (CSR)

Particular Current Year Previous Year

Not Applicable

XVIII Details of Crypto Currency or Virtual Currency

Particular Current Year Previous Year

No Such transactions of Crypto currency/ virtual currency during the current year and previous year