I. Relationship With Struck off Companies

The Company has not entererd into any transactions with strike off companies.

II. Registration of Charges or Satisfaction With Registrar of Companies (ROC)

There are no charges or satisfaction yet to be registered with ROC beyond the statutory period.

III. Compliance With Number of Layers of Companies

The Company is in compliance with clause (87) of section 2 of the Act read with Companies (Restriction on number of Layers) Rules, 2017.

IV. Utilization of Borrowed Funds and Share Premium

(A) 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 other person(s) or entity(ies), including foreign entities (Intermediaries) with the understanding (whether recorded in writing or otherwise) 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.

(B) The Company has not received any fund from any person(s) or entity(ies), including foreign entities (Funding Party) 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 on behalf of the Ultimate Beneficiaries.

V. Undisclosed Income

The Company has disclosed all its Income appropriately and in the ongoing Tax Assessments as well there has not been any such undisclosed income recognised by the relevant tax authorities.

VI. Details of Crypto Currency or Virtual Currency

The Company has not traded or invested in Crypto currency or Virtual Currency during the financial year

VII. Disclosure of Benami Property

The Company does not possess any benami property under the Benami Transactions (Prohibition) Act, 1985 and rules made thereunder

VIII. Disclosure of Borrowings

The Company has utilised the borrowings from banks and financial institutions for the specific purpose for which it was taken as at March 31, 2024.

IX. Wilful Defaulter

The Company has not been declared as Wilful Defaulter by any Bank or Financial Institution or other Lender.

X. Title Deeds of Immovable Properties Not Held In Name Of The Company

Title deeds of immovable properties (other than properties where the Company is the lessee and the lease agreements are duly executed in favour of the lessee) are held in the name of the company.

XI. Disclosure on Loans and Advances

The Company has not granted any loans or advances in the nature of loans either repayable on demand or without specifying any terms or period of repayment, to promoters, directors, KMPs and the related

parties (as defined under the Companies Act, 2013), either severally or jointly with any other person.

Note 2.2: During the financial year 2023-24, the Company, had completed the Initial Public Offering (IPO) of 23,37,600 Equity Shares of Face Value of Rs. 10 each for cash at a price of Rs.96/- per Equity Share aggregating to Rs. 2,244.10 Lakhs all comprising a Fresh Issue. The Equity Shares of the Company got listed on NSE Limited (BSE) on March 22, 2024.

Note 2.3: The Company has only one class of equity shares. Each holder of equity shares is entitled to one vote per share.

Note 2.4: There is no fresh issue or buyback of shares during the year.

Note 2.5: The Company has only one class of equity shares. Each holder of equity shares is entitled to one vote per share.

Note 2.6: Company issued bonus on 30th October 2023, in 650:1 RATIO

*Company has issued Performance Bank Guarantee from HDFC Bank on 05/Sep/2023 to "Commissioner for co-operation and Registrar" of Rs.1,80,00,000

Further Performance Bank Guarantee from SBM Bank on 22/Nov/2023 to "Commissioner for Co-operation and Registrar" of Rs.142,65,000/-

*During the year, the loan was foreclosed; however, the bank mistakenly deducted EMI payments post-foreclosure. The recovery of these erroneous deductions is currently in process as of the balance sheet date.

2. Bank Overdraft taken from HDFC Bank Limited secured against Book Debt with charge of upto Rs 3,00,00,000/-.

Note no 25:

Previous Year Figures are regrouped, rearranged and reclassified to make it comparable with current year figure.