6.2 Rights and Restrictions of the Equity Share Holders

Following are the rights attached to 1,39,25,856 equity shares;

1. Right to receive dividend as may be approved by Board/Annual General Meeting

2. Right to attend the Annual General Meeting of the Company and right to vote.

Apart from the above, the Equity Shares rank pari passu and are subject to the rights preference and restrictions under the Companies Act.

6.3 There are Nil number of shares (Previous year Nil) in respect of each class in the company held by its holding company or its ultimate holding company including shares held by or subsidiary or associates of the holding company including shares held by or by subsidiary or associates of the holding company or the ultimate holding company in aggregate

6.5 There are Nil number of shares (Previous year Nil) reserved for issue under option and contract/commitment for the sale of shares/disinvestment including the terms and amounts

6.7 There are no securities (Previous Year Nil) convertible into Equity/Preferential Shares.

6.8 There are no calls unpaid (Previous Year Nil) including calls unpaid by Directors and Officers as on balance sheet date.

6.9 The company has issued 1,08,98,496 right equity shares for aggregate amount of Rs. 1,089.85 lakhs being 78.26% of the total paid up equity share capital at Rs. 1,392.59 lakhs. The right share were issued on February 12, 2024.

17 Capital commitments, other commitments and contingent liabilities

17.1 Capital and other commitments

During the current year, the Company had entered into contract with Shreni Construction Private limited for setting up and developing of the Solar PV System having capicity upto 2.5MWp. Under the terms the company is expected to infuse Rs.2500 lakhs. During the current year the company has advanced Rs.2281.45 lakhs, the balance commitment of Rs. 218.55 will be made in future.

17.2 Contingent liabilities

There are no contingent liabilities outstanding as on year end.

18 Related Party

Names of related parties and related party relationship

DISCLOSURE REQUIRED UNDER SECTION 22 OF THE MICRO, SMALL AND MEDIUM ENTERPRISES DEVELOPMENT ACT,

19

2006

Details of dues to micro and small enterprises as defined under the MSMED Act, 2006

The Company has no amounts payable to Micro and Small Enterprises as defined under in the Section 7(1) of the Micro, Small and Medium Enterprises Development Act, 2006 ('the MSMED Act, 2006) and no interest has been paid during the year or is payable undertheterms of the MSMED Act, 2006. These dues have been determinedto the extent such parties have been identified on the basis of information collected by the Managment. This has been relied upon by the auditors.

20 Segment reporting

Based on the "management approach" as defined in Ind AS 108 - Operating Segments, the directors evaluates the Companies performance based on an analysis of various performance indicators by business segment. Companies whole business is being considered as one segment.

21 Disclosures as required under Indian Accounting Standard 19 'Employee benefits'

Provision for gratuity is not made in accounts as none of the employees is eligible for the same.

22 Disclosure jn movement of provision as required by Indian Accounting Standard 37 'Provisions, Contingent Liabilities and Contingent Assets'

Provisions are recognized when the Company recognizes that it has a present obligation as a result of past events, it is more likely that an outflow of resources will be required to settle the obligation and the amount can be reasonably estimated.

Provisions are reviewed at each balance sheet date and adjusted to reflect the current best estimate. If it is no longer probable that an outflow of resources would be required to settle the obligation, the provision is reversed.

23 Foreign currency exposure outstanding as at year end Nil (P.Y. Nil). There are no outstanding derivative contracts as at year end (P.Y. Nil).

25 Fair value hierarchy

Level 1: Quoted prices (unadjusted) in active markets for identical assets or liabilities.

Level 2: Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly (i.e as prices) or indirectly (i.e derived from prices). Level 3: Inputs for the assets or liabilities that are not based on observable market data (unobservable inputs).

The following table presents fair value hierarchy of financial assets and financial liabilities measured at fair value on a recurring basis as of 31/03/2023 :

26 Risk Management

The risk management policies ofthe Company are established to identify and analyse the risks faced by the Company, to set appropriate risk limits and controls, andto monitor risks and adherence to limits. Risk management policies and systems are reviewed regularly to reflect changes in market conditions and the Companie's activities.

The Management has overall responsibility for the establishment and oversight of the Companie's risk management framework.

In performing its operating, investing and financing activities, the Company is exposed to the Credit risk, Liquidity risk and Market risk.

Market Risk

Market risk is the risk that the fair value offuture cash flows ofa financial instrument will fluctuate because ofchanges in market prices. Market risk comprises three types of risks: interest rate risk, currency risk and other price risk, such as equity price risk and commodity risk. Financial instruments affected by market risk include loans, borrowings and investments.

Credit risk

Credit risk is the risk of financial loss to the Company ifa customer or counterparty to a financial instrument fails to meet its contractual obligations, and arises principally from the Companie's receivables from customers and investments

Investments

The Company limits its exposure to credit risk by generally investing in counterparties that have a good credit rating. The Companydoes not expect any losses from non-performance by these counter-parties.

Balances with banks and other financial assets

The Company held cash and cash equivalents of Rs 0.66 lakhs as on 31/03/2024. The cash and cash equivalents are held with banks with good credit ratings. For other financial assets, the Company assesses and manages credit risk based on reasonable and supportive forward looking information. The Company does not have significantcredit risk exposure for these items.

Interest rate risk

Interest rate risk is the risk that the fair value of future cash flows of a financial instrument will fluctuate because of changes in market interest rates The Company has fixed interest bearing investments and fixed interest bearing borrowings. Hence the Company does not face any interest rate risk.

Liquidity risk

Liquidity risk is the risk that the Companywill encounter difficulty in meeting obligationsassociated with financial liabilities that are settled by deliveringcash or other financial assets. The Companie's approach to managing liquidity is to ensure as far as possible that it will have sufficient liquidity to meet its liabilities when they are due, under both normal and stressed condition, without incurring unacceptable losses or risking damage to the Companie's reputation

The Company assessed the concentration of risk with respect to refinancing its debt and concluded it to be low. The Company has access to a sufficient variety of sources of funding

Capital management

For the purpose of the Companie's capital management, capital includes issued equity capital and other equity reserves attributable to the equity shareholders. The Company manages its capital structure and makes adjustments in light of changes in economic conditions and the requirements of the financial covenants. To maintain or adjust the capital structure, the Company may adjust the dividend payment to shareholders or issue new shares. The Company monitors capital gearing ratio, which is fixed cost bearing funds divided by common stockholder's equity.

Where the Company has revalued its Property, Plant and Equipment, the company shall disclose as to whether the revaluation is based on the valuation by a registered valuer as defined under rule 2 of the Companies

28.2 (Registered Valuers and Valuation) Rules, 2017

The Company has not revalued any property, plant and equipments. Hence, no reporting is required under this clause

28.3

Where Loans or Advances in the nature of loans are granted to promoters, directors, KMPs and the related parties (as defined under Companies Act, 2013,) either severally or jointly with any other person, that are:

28.6 Details of Benami Property held :

The company does not hold any benami property

28.7 Where the Company has borrowings from banks or financial institutions on the basis of current assets:

(a) whether quarterly returns or statements of current assets filed by the Company with banks or financial institutions are in agreement with the books of

accounts. Not Applicable

(b) if not, summary of reconciliation and reasons of material discrepancies, if any to be adequately disclosed

28.8 Wilful Defaulter

The Company is not a declared itself as a defaulter

28.9 Relationship with Struck off Companies

Where the company has any transactions with companies struck off under section 248 of the Companies Act, 2013 or section 560 of Companies Act, 1956, the Company shall disclose the following details:-

28.10 Registration of charges or satisfaction with Registrar of Companies

Where any charges or satisfaction yet to be registered with Registrar of Companies beyond the statutory period, details and reasons thereof shall be

disclosed. No

28.11 Compliance with number of layers of companies

Where the company has not complied with the number of layers prescribed under clause (87) of section 2 of the Act read with Companies (Restriction on number of Layers) Rules, 2017, the name and CIN of the companies beyond the specified layers and the relationship/extent of holding of the company in such downstream companies shall be disclosed.

Not Applicable

28.13 Compliance with approved Scheme(s) of Arrangements

Where any Scheme of Arrangements has been approved by the Competent Authority in terms of sections 230 to 237 of the Companies Act, 2013, the Company shall disclose that the effect of such Scheme of Arrangements have been accounted for in the books of account of the Company 'in accordance with the Scheme' and 'in accordance with accounting standards' and deviation in this regard shall be explained

28.14 Utilisation of Borrowed funds and share premium: NA

28.15 There have been no transactions carried out in Crypto Currency or Virtual Currency during the year, neither the Company holds any balances in the same.

29 In the opinion of the management; current assets, loans, advances and deposits are approximately of the value stated, if realized in the ordinary course of business. The provision of all known liabilities is adequate and not in excess of the amount reasonably necessary.

30 Balances of certain advances are subject to confirmations / reconciliation and consequential adjustments, if any. The management does not expect any material difference affecting the current year's Financial Statements on such reconciliation / adjustments.

31 Previous year figures have been regrouped and rearranged wherever necessary to confirm with the current year presentation.