b. Terms and rights attached to equity shares

(i) The Company has only one class of equity shares having a par value of Rs. 10 per share. Each holder of equity shares is entitled to one vote per share.

(ii) 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.

(iii) The company has issued 4,443,390 number of shares for consideration other than cash and has not bought back any number of shares during the period of five years immediately preceding the reporting date.

(iv) The Company has not declared the dividend during the year and in the previous year.

The Company is in the process of obtaining necessary confirmations from suppliers regarding their status under the Micro, Small and Medium Enterprises (MSME) Development Act, 2006 (the 'Act') and hence disclosures regarding the following have been made on the basis of declaration received:

i. Amount due and outstanding to MSME suppliers as at the end of the accounting period/year Rs. 231.03 (lacs) PY Nil

ii. Interest paid during the period/year to MSME Rs. Nil

iii. Interest payable at the end of the accounting period /year to MSME Rs. Nil

iv. Interest accused and unpaid at the end of the accounting period /year to MSME. Management believes that the figures for disclosures, if any, will not be significant.

i Demand by Income Tax Department for which an appeal is pending with The Income Tax Department Raipur relating to Assessment is AY 2015-16 Rs. 1,19,88,459/-,AY 2018-19 Rs. 34,68,190/-.

Demand by Income Tax Department for which no appeal has been preferred against the said demand with The Income Tax Department Raipur relating to Assessment year is AY 2009-10 Rs. 3,98,907/-, AY 2010-11 Rs. 11,680/-, AY 2013-14 Rs. 1,49,930/-, AY 2016-17 Rs. 1,36,606/- and AY 2019-20 Rs. 3,30,080/- & AY 2023-24 Rs. 3,91,40,470/-.

(a) Defined contribution plans:

For the period ended March 31,2024

The company makes provident fund and employee state insurance scheme contributions which are defined contribution plans, for qualifying employees. Under the schemes, the company is required to contribute a specified percentage of the payroll costs to fund the benefits. The company recognised Rs. 63.54 ( March 31, 2023 Rs. 60.82 ) for provident fund contributions and employee state insurance scheme contributions in the statement of profit and loss. The contributions payable to these plans by the company are at rates specified in the rules of the schemes.

For the year ended March 31, 2023

The company makes provident fund and employee state insurance scheme contributions which are defined contribution plans, for qualifying employees. Under the schemes, the company is required to contribute a specified percentage of the payroll costs to fund the benefits. The company recognised Rs. 60.82 ( March 31, 2022 Rs. 41.64 ) for provident fund contributions and employee state insurance scheme contributions in the statement of profit and loss. The contributions payable to these plans by the company are at rates specified in the rules of the schemes.

(b) Defined benefit plans:

The Company has a defined benefit gratuity plan. Every employee who has completed five periods or more of service gets a gratuity on departure at 15 days salary (last drawn salary) for each completed period of service. The scheme of gratuity is funded.

The following tables summarize the components of net benefit expense recognized in the statement of profit and loss and the funded status and amounts recognized in the balance sheet for the respective plan.

The company is engaged in fabrication, trading of steel items and Industrial Goods etc. and also provides services relating to it. For the purpose of disclosure of segment information, the Company considers these businesses as a two business segments (ie. manufacturing and services business). Further, the Company operates primarily in India and there is no other significant geographical segment.

For Annexure on Segment Reporting refer Annexure- B

37 Corporate Social Responsibility

The company has made proper compliances of section 135 of Companies Act'2013 of by incurring CSR expense of Rs. 15.9(in lacs) before the end of the financial year.

38 Details of Benami property held (If any proceedings have been initiated during the FY under Benami property Act)

No Proceedings have been initiated or pending against the company for holding any benami property under Benami Transactions (Prohibition) Act, 1988 and rules made thereunder.

39 Relationship with Struck off companies

The company has no relationship or transaction with any companies which are struck off pursuant to provision of section 248 of the Companies Act, 2013

40 Disclosure relating to statements-Applicable if sanctioned CC limit is above Rs.5 Cr

Less Stock has been dislosed in the stock statement as compares to Books of Account.

41 Details of Undisclosed Income

The company has not surrendered or disclosed any unrecorded income in any tax assessments under the Income Tax Act, 1961 during the financial year.

42 Wilful Defaulter

The Company has not been declared as a wilful defaulter by any bank or financial institution during the financial year.

43 End Use of borrowings

The company has deployed borrowed funds from Banks and Financial institutions for the purpose against which the funds was so borrowed.

44 Registration of Charges or Satisfaction with Registrar of Companies

Company is in the process of filing satisfaction of charge with ROC for part loan repaid for SBI and SIDBI and for modification of charge for increase in loan with Candi Solar Pvt. Ltd.

45 Compliance with number of layers of companies

The company has complied with the number of layers prescribed under clause (87) of section 2 of the Act read with the Companies (Restriction on number of Layers) Rules, 2017.

46 Investment in Crypto Currency

The company has not traded or invested in crypto currency or virtual currency during the financial year.

48 The company does not have any property whose title deeds are not held in the name of the company.

49 Company does not have any Investment Property, so there cannot be any revaluation of the same during the Finanical year ended March 31, 2024.

50 Company has not revalued its Property, Plant and Equipment during the Finanical year ended March 31, 2024.

51 Company has not revalued its Intangible assets during the Finanical year ended March 31, 2024.

52 The company has no Capital Work-in-progress, as such ageing schedule has not been given.

53 The company has no Intangible asset under development during the Finanical year ended March 31, 2024.

54 Previous year figures have been reclassified and regrouped wherever considered necessary to make them comparable with the current year's figures.

55 Company has maintained Edit log as required under companies act however few backdated entries has been rectified as and when required for true and fair view of accounts.