f Company in its meeting of shareholders through Extra Ordinary General Meeting dated May 25, 2020 resolved in pursuance of the provisions of Section 61 and 64 and other applicable provisions, if any, of the Companies Act, 2013 (including any amendment thereto or re-enactment thereof) and the rules framed there under, the consent of the shareholders was accorded to increase the Authorized Share Capital of the Company from existing ? 10 Lakhs divided into 1,00,000 Equity Shares of ? 10/- each to ? 200 Lakhs divided into 20,00,000 Equity Shares of ? 10/- each by creation of additional 19,00,000 Equity Shares of ? 10/- each ranking pari passu in all respect with the existing Equity Shares of the Company.

Further Company in its meeting of shareholders through Extra Ordinary General Meeting dated March 14, 2023 , the consent of the shareholders was accorded to increase the Authorized Share Capital of the Company from existing ? 200 Lakhs divided into 20,00,000 Equity Shares of ? 10/- each to ? 320 Lakhs divided into 32,00,000 Equity Shares of ? 10/- each by creation of additional 12,00,000 Equity Shares of ? 10/- each ranking pari passu in all respect with the existing Equity Shares of the Company.

g 5,50,000/- Fully paid up Equity shares were issued as Bonus Shares by capitalization of Surplus in Profit and Loss A/c in F.Y 2020-21

h Company in its meeting of shareholders through Extra Ordinary General Meeting dated May 25, 2020 resolved in pusuance of the provisions of Section 42, 62(c) and other provisions, applicable, if any, of the Companies Act, 2013 read with Companies (Prospectus and allotment of Securities) Rules, 2014 and the Companies (Share Capital and Debentures) Rules, 2014 including any statutory enactment, modification etc. thereto, the consent of the members of the Company was accorded for an allotment of 7,22,200 (Seven Lakhs Twenty Two Thousand Two Hundred) Equity Shares of ? 10 (Rupees Ten) each of the Company at par by converting Loan taken into Equity Shares by issue of New Equity Shares, distinctively numbered, to Ashish Jain from whom the Company has received loan money aggregating to ? 26.92 Lakhs to Nirmal Kumar Jain from whom the Company has received Loan money aggregating to ? 15.86 Lakhs, to Yaman Saluja from whom the Company has received Loan money aggregating to ? 1.50 Lakhs, to Abhishek Nirmal Jain from whom the Company has received Loan money aggregating to ? 24.24 Lakhs and to Kusum Kothari from whom the Company has received Loan money aggregating to ? 3.70 Lakhs in a measure to reduce its debt. The said Equity Shares shall rank pari-passu with existing Equity Shares in all respects.

i During the year F.Y 2020-21 the company has alloted 35,200 shares of Rs. 10/- each at a price of Rs. 71/- on a preferential basis j During the year F.Y 2021-22 the company has alloted 5,39,200 shares of Rs. 10/- each at a price of Rs. 74/- through Initial Public Offer

k Company in its meeting of shareholders through Extra Ordinary General Meeting dated March 14, 2023 resolved in pursuance of the provisions of Section 61 and 64 and other applicable provisions, if any, of the Companies Act, 2013 (including any amendment thereto or re-enactment thereof) and the rules framed there under, the consent of the shareholders was accorded to issue and allot 11,50,000 (Eleven lakh fifty thousand) equity shares of 10/- each at price of 72/- each on preferential basis

Consequently during the year F.Y 2022-23 the company has alloted 1,00,000 shares of Rs. 10/- each at a price of Rs. 72/- on a preferential basis

Further in the F.Y 2023-24 the company has alloted 10,50,000 shares of Rs. 10/- at the price of Rs. 72/- on a preferential basis. Out of which 7,50,000 shares has been alloted for consideration other than cash by way of share swap basis.

Secured Loan: - Car Loan of Rs. 9.40 Lakhs had been in the year FY 2021-22 from Bank of India taken whose original tenure is 60 months. The Loan is currently carrying 10.10% rate of Interest and is repayable in equated monthly installments of Rs. 19,871/- each. Loan is secured by charge on the Vehicle Maruti XL ZETA.

Unsecured Loan: - Loans from related parties are not repayable on demand. During the financial year 2020-21, 7,22,200/- (Seven Lakhs Twenty Two Thousand Two Hundred) Equity Shares of ? 10 (Rupees Ten) each were issed at par by converting unsecured loan of Rs. 72,22,000/- in F.Y 2020-21. Refer Note 2 for details.

Unsecured Loans of Rs. 20.21 Lakhs had been availed from Hero Fincorp Limited whose tenure is 36 Months. The loan is carrying 17% rate of interest and is repayable in equated monthly installments of Rs. 72055/- each.

Unsecured Loans of Rs. 20 Lakhs had been availed from Kotak Mahindra Bank Limited whose tenure is 36 months. The loan is carrying 17.10% rate of interest and is repayable in equated monthly installments of Rs. 71,310/- each.

Explanation for change in the ratios by more than 25%:

a) Current Ratio has increased due to increase in the total current assests

b) Return on Equity has increased due to increase in revenue and in turn profit margin

c) Trade Payables Turnover Ratio has increased due to decrease in the average credit period

d) Net Profit Ratio has increased due to increase in revenue and in turn profit margin