b) Terms/rights attached to equity shares:

Voting:

The Company has only one class of equity shares having a par value of ? 10 per share. Each holder of Equity Shares is entitled to one vote per share. Dividend:

The Company declares and pays dividend in Indian Rupees. The dividend proposed by the Board of Directors, if any, is subject to the approval of the shareholders in the ensuing Annual General Meeting.

Liquidation:

In the event of liquidation of the Company, the holders of the equity shares will be entitled to receive remaining assets of the Company, after distribution of all preferential amount. The distribution will be in proportion to the number of equity shares held by the shareholders.

c) Terms/rights attached to Preference Shares:

- The Preference Shares are redeemable at par at any time after the expiry of 3 years from the date of issue i.e., 31 -03-2014.

- The Preference Shareholders have voting rights only in respect of matters directly affecting the rights of Preference Shareholders.

- The Preference Shareholders have preference on the distribution of the dividend.

f) During the year 2018-19, The company has issued Bonus Shares in the ratio of 1:4 by capitalisation of Securities Premium. The total number of shares issued is 90,700 having face value of ? 10 each.

g) During the year 2021 -22, The company has issued Bonus Shares in the ratio of 1:4 by capitalisation of Securities Premium. The total number of shares issued is 1,13,375 having face value of ? 10 each.

h) There are no shares which are held by the holding company/ultimate holding company

i) Promoter & Promoter group Shareholding :

Notes:

i. The Rate of Interest is 8.89% p.a.

ii. Primary Security:

Immovable Fixed Assets - Lien on land measuring 6.7 acres and hypothecation of 1 MW Photo-Voltaic Solar Plant situated at SF No. 73/A1, Uthamapalayam Village, Kangeyam Taluk, Tirupur

Plant and Machinery - Plant and Machinery funded out of Term Loans

Movable Fixed Assets - Exclusive charge on Movable Fixed Assets

iii. Collateral Security:

Non-Agricultural Land - Lien on 10 acres of property standing in the name of the promotors of the company situated at Thogaimalai, Near Karur District

(a) The terms and conditions of the working capital demand Loan of Rs. 10 crores from HDFC Bank are as follows:

i. The Rate of Interest is 8.25% p.a.

ii. Primary Security:

Current Assets: - Exclusive charge on the current assets of the company Plant and Machinery - Plant and machinery funded out of term loans Movable Fixed Assets - Exclusive charge on movable fixed assets

iii. Collateral Security:

Non-Agricultural Land - Negative lien on 6.26 acres of property standing in the name of the company situated at Kulithalai, Karur District.

(b) In respect of above, the charges are yet to be registered.

(c) The quarterly returns or statements comprising of (stock statements, book debt statements, statements on ageing analysis of the debtors/other receivables, and other stipulated financial information) filed by the Company with banks agree with the books of account of the Company ofthe respective quarters.

2.32 In view of prudence/on account of the absence of the certainty of MAT credit utilization, MAT credit aggregate upto 31st March, 2024 Rs.85.34 Lakhs,has not -been recognized.

2.33 Inventory includes Stock of Precious Metals (Bullion, gold ornaments, silver ornaments) and renewable energy certificates (REC) held for sale andwhich are valued at cost or net realizable value whichever is lower.

2.34 Corporate Social Responsibility is applicable to the company as per the section 135 of the Companies Act, 2013. The Company has spent Rs 4.99 lakhs on CSR Compliance, fulfilling its obligation under Section 135 of the Companies Act, 2013.

2.35 The Board of Directors, at their meeting held on 27th May 2024 recommended a Equity dividend of Rs.3/- per equity share and a Preference dividend of 3% on the Face value of Rs. 90 Lakhs for the year ended March 31, 2024, subject to approval of shareholders.

2.44 Additional Disclosure relating to Schedule III Amendment of Companies Act 2013

(i) Details of Benami Property:

No proceedings have been initiated or are pending against the company for holding any Benami Property under the Benami Transactions (Prohibition) Act, 1988 (45 of 1988) and rules made thereunder.

(ii) Utilisation of borrowed funds and share Premium:

A The Company has not advanced or loaned or invested funds to any other person(s) or entity(ies), including foreign entities, Intermediaries, with the understanding that the Intermediary shall:

a) 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

b) 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:

a) 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

b) Provide any guarantee, security or the like on behalf of the ultimate beneficiaries.

(iii) Undisclosed Income:

There is no income surrendered or disclosed as income during the current or previous year in the tax assessments under the Income Tax Act, 1961 that has not been recorded in the books of accounts.

(iv) Details of crypto currency or virtual currency:

The Company has not traded or invested in crypto currency or virtual currency during the current or previous year.

(v) Valuation of Property, Plant & Equipment, intangible asset and investment property

The Company has not revalued its property, plant and equipment or intangible assets or both during the current or previous year.

(vi) Loans to Related Parties and others:

The Company had not granted any loans or advances in the nature of loans to promoters, directors, KMP's and the related parties (as defined under Companies Act, 2013), either severally or jointly with any other person that:

a) are repayable on demand or

b) without specifying any terms or period of repayment.

(vii) Struck off Companies:

The Company has not entered into any transactions with companies struck off under Section 248 of the Companies Act, 2013 or Section 560 of Companies Act, 1956

(viii) Willful Defaulter:

The Company has not been declared as a willful defaulter by any bank or financial institution

2.45 Income tax assessment has been completed up to the AY 2022-23.

2.46 In the opinion of the management, the current assets and loans and advances as stated in the Balance Sheet will realize to the extent stated therein.

2.47 Balances in parties' accounts are subject to confirmation and reconciliation, if any. Appropriate adjustments will be made as and when the balances are reconciled.

2.48 Based on the amendment brought in Companies (Accounts) Amendment Rule,2021, the company has used the software for maintenance of books of accounts, which has the feature of recording the audit trail facility and the same has been operated throughout the financial year, without any instances of tampering the same.

².⁴⁹ Previous year's figures have been regrouped, reclassified and rearranged wherever necessary to conform to the current years classification including those as required consequent to amendments in Schedule III.

2.50 All Figures are in Lakhs unless otherwise stated.