Guaranteed Emergency Credit Line (GECL)

Primary Securities for Secured Loans:

i) Secured by First Pari-Passu charge by way of hypothecation of current assets i.e. Raw Material, Stock in Process, Finish Goods and Receivables of the company, present and future and personal guarantees of three Directors.

ii) Extention of charge over the existing Primary & collateral securities including mortgaes created in favour of the Bank.

Collateral Securities for Secured Loans :

iii) Secured by First Charge by way of Equitable Mortgage of factory/office premises at Chakala and Bandra, Mumbai and personal guarantees

of three Directors.

iv) Secured by First Charge by way of lien on Cash Collateral i.e. Fixed Deposit Receipts with Bank.

Repayment:

v) Repayment GECL loan - Moratoriam Period 12 Months. 36 installments after the Moratoriam period. Interest to be serviced as and when applied.

HDFC Bank Ltd

i) Securities for Term Loan:

Secured by hypothecation of Vehicle

ii) Terms of repayment :

Monthly EMI

iii) There are no defaults in repayment of loan and interest thereon as on March 31,2024 for the loan under this head.

Primary Securities for Secured Loans:

i) Secured by First Pari-Passu charge by way of hypothecation of current assets i.e. Raw Material, Stock in Process, Finish Goods and Receivables of the company, present and future and personal guarantees of three Directors.

ii) Extention of charge over the existing Primary & collateral securities including mortgaes created in favour of the Bank.

Collateral Securities for Secured Loans :

iii) Secured by First Charge by way of Equitable Mortgage of factory/office premises at Chakala and Bandra, Mumbai and personal guarantees

of three Directors.

iv) Secured by first charge by way of hypothication of entire current assets of the company, present and future.

v) Secured by first charge by way of hypothication of plant and machinery of the company situated at SEEPZ factory premises.

vi) Secured by First Charge by way of lien on Cash Collateral i.e. Fixed Deposit Receipts with Bank.

Repayment:

vii) EPC/ PCFC limit - Liquidated within 180 days from the date of availment from out of proceeds of export bills and thereafter it will be penal/normal rate of interest ab-initio.

viii) PSC/ EBLR limit - Liquidated within 180 days from the date of availment from out of proceeds of export bills and thereafter penal/normal rate of interest ab-initio.

ix) Repayment GECL loan - Moratoriam Period 12 Months. 36 installments after the Moratoriam period. Interest to be serviced as and when applied.

i) This disclosure is based on the document / information available to the company regarding their status of the small scale undertaking and half yearly MSME Form -1 filed, for the period ended September 2023, with Registrar of Companies.

ii) The above information has been compiled in respect of parties to the extent to which they could be identified as Micro, Small and Medium Enterprises on the basis of information available with the Company.

iii) DUES TO MICRO AND SMALL ENTERPRISES

The Company has certain dues to suppliers registered under Micro, Small and Medium Enterprises Development Act, 2006 (‘MSMED Act').

Disclosure of payable to vendors as defined under the “Micro, Small and Medium Enterprise Development Act, 2006” is based on the information available with the Company regarding the status of registration of such vendors under the said Act, as per the intimation received from them on requests made by the Company. In case of overdue principal amount, no interest payable for delayed payments to such vendors at the Balance Sheet date.

Note : 26 - Contingent Liabilities and commitment to the extent not provided for :1) Contingent Liabilities :

The Company records a liability for any claims where a potential loss is probable and capable of being estimated and discloses such matters in its financial statements, if material. For potential losses that are considered possible, but not probable, the Company provides disclosure in the financial statements but does not record a liability in its accounts unless the loss becomes probable.

Note : 31 - Corporate Social Responsibility (CSR):

The Company has spent the required amount in terms of provisions of section 135 of the companies,Act 2013 on Corporate Social Responsibility. During the year the company has spent an amount towards the above mentioned activities as under:

a. Gross amount required to be spent by the company during the year Rs. 17,87,327/-(Previous Year Rs. 11,61,000/-).

b. Amount spent during the year by the company Rs. 18,00,000/- (Previous Year Rs. 11,61,000/-)

Indirect Expended through donation in Shrimad Rajchadra Jivadaya Trust Rs. 18,00,000/-

i) The sensitivity analysis have been determined based on reasonably possible changes of the respective assumptions occurring at the end of the reporting period, while holding all other assumptions constant.

ii) The sensitivity analysis presented above may not be representative of the actual change in the projected benefit obligation as it is unlikely that the change in assumptions would occur in isolation of one another as some of the assumptions may be correlated.

iii) Fufthermore, in presenting the above sensitivity analysis, the present value of the projected benefit obligation has been calculated using the projected unit credit method at the end of the reporting period, which is the same method as applied in calculating the projected benefit obligation as recognised in the balance sheet.

iv) There was no change in the methods and assumptions used in preparing the sensitivity analysis from prior years.

Note : 35 - Lease Payments

The Company is receving / paying the rent as per the agreement for lease executed with the lessee / lessor. The rent is fixed from the date of execution of lease agreements. The Company has not adopted Ind AS 116 ‘'Lease” during the year 2023-24 and is still in the process of evaluating the impact of adoption of the same on its financial statements.

Note : 36_

Balances in respect of Unsecured Loans, Loans & Advances, Sundry Debtors & Sundry Creditors are subject to confirmation by respective parties.

Note : 37_

Vehicles, shown in Note 2 -Property, Plant & Equipment, are in the personal names of Directors of the Company.

Note : 38_

The Company has written a letter dated 23rd April,2024 for a certificate as to the Company being regular in repayment of the sanctioned loans, during the financial year 2023-24, as per the terms & conditions set out vide sanctioned letters dated 04.12.2023 and requested the reply should reach the office of Statutory Auditors of the Company. The Bank, vide its letter dated 18th May, 2024 stated that the conduct of Credit Facilities is satisfactory.

Note : 39

Previous year's figures have been regrouped / rearranged wherever necessary to confirm to the current year grouping.