(f) Rights, Preference end restrictions attached to Equity Shares of Rs. 10/- each:

The Company has only one class of Shares referred to as Equity Shares having a par value of RIO/- each. Each holder of Equity Shares is entitled to one vote per share In the event of liquidation of the Company, the holders of Equity Shares will be entitled to receive any of the remaining assets of the company, after distribution of all preferential amounts The distribution will be in proportion to the number of Equity Shares held by the shareholders and the amount paid up on each share. Dividend on such shares is payable in proportion to the paid up amount Dividend recommended by board of directors (other than interim dividend! is subject to approval of the shareholders in the ensuing Annual General Meeting.

Note: Particular* relating to tit* nature of Security and Other relevant term*:

a) fond aod.NM-fand ^j^lajisaaifmJgBE^LBiQl.

* Cash Credit facility (CCl availed by the Company has an overall limit of Rs, 800 lacs, obtained from HOfC Sank for working capital requirements, the rate of interest stipulated by the bank is 8 04% p,a. payable monthly, (Current reference rate • 6,25%. spread for fund based facility -1.79%}

* The Company has obtained bank guarantee from HOFC Bank fee an overall limit of Rs. 300 lacs. The commission charged by the bank * 0.30%

- The Company has also availed a tetter of Credit facility for overall limit of Its. 1200 lacs from HOFC Bank. The commission charged by the bank is 1.00%

The fund and non fund based facilities from HOFC Bank are secured by equitable mortgage of factory land (both leasehold and freehold} and hypothecation of present and future plant and machineries. Inventories, Book debts and advances to suppliers for raw material procurements, lien on fixed deposits.

»Particulars relatine to the nature of security and other relevant terms;

Details of securities furnished by the Company are as under:

Note 2 : (a)The Company has a 4.48% share in profit/doss) in the LLP. and the capital balance of the Company stands at Rs. 48.47 lacs as on 31.03.25 (P.Y. 48.62 lacs).

The LLP has an investment in a Joint Venture, namely M/s Deavnara Coal Fields LLP aggregating to Rs. 1,251.16 lacs as on 31.03.25 (P.Y. 1,251.16 lacs). Pursuant to a Supreme Court Order dated 24.09.2014, a Coal Block allocated to the said LLP along with the other partners in the joint venture stood cancelled. Subsequent to cancellation of the previous allocation, the Government of India, Ministry of Law and Justice (Legislative Department) promulgated "The Coal Mines (Special Provisions) Ordinance. 2014". But the process of re-allotment and crystallization of compensation amount in respect of the Ll°'s mine is pending at the Nominated Authority, Ministry of Coal, Government of India. In view of the aforesaid, the LLP has not recognised any amount towards dimunition in value of Investment made in the Joint Venture as on 31.03.25.

(b) Disclosures relating to investment in C.G. Sponge Manufacturers Consortium Coal Fields LLP are on the basis of provisional financial statements for the year ended 31st March, 2025.

2.29 Additional Regulatory Information as required by Para Y of Part -1 to Schedule III to the Companies Act, 2013:

(i) The title deeds of the immovable Property (other than prpoerties where the Company is a lessee and the lease arrangements are duly executed in the favour of Lessee) are held in the name of the Company. Accordingly, disclosures as required under this para is not applicable.

(ii) The company has not revalued its Property, Plant and Equipment during the current and previous year. Accordingly disclosures as required under this para is not applicable.

(iii) Disclosures where the company has granted loans or advances in the nature of loan to promoters, directors, KMP and the related parties (as defined under Companies Act, 2013), either severally or jointly with any other person, which are repayable on demand or without specifying any terms or period of repayment are:

(vi) There has been no proceeding initiated or pending against the company for holding any benami property under the Prohibition of Benaml Property Transactions Act, 1988 and the rules made thereunder during the current and previous year. Accordingly disclosures under this para is not applicable.

(vii) The Company has borrowings from Banks or Financial Institutions on the basis of security of current assets. No material discrepancies have been noticed in the Quarterly statements filed for Current Assets (Stock statements, book debt statements, statements on ageing analysis of the debtors/other receivables) held by the company in comparison with the stock and book debts as per books of accounts except as under:

(viii) The company has not been declared as wilful defaulter by any bank or financial institution or other lender during the current and previous year. Accordingly disclosures under this para is not applicable.

(ix) The company has not entered into any transaction with companies struck off under section 248 of the Companies Act, 2013 or section 560 of Companies Act. 1956 during the current and previous year. Accofdingly disclosures under this para is not applicable.

(xiii) No Scheme of Arrangements has been approved bv the Competent Authority in terms of Sections 230 to 237 of the Companies Act, 2013 during the year. Accordingly disclosures under this para is not applicable.

(xiv) 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 shill:

(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

(xv) 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.

2.30 Additional Regulatory Information as required by Para S (lx) to (xi) of Part - II to Schedule ill to the Companies Act. 2013:

(i) There are no transactions not recorded in the books of accounts that has been surrendered or disclosed as income in the books of account during the period in the tax assessment under the Income Tax Act, 1961.

(g) Details of related party transactions, e g., contribution to a trust controlled by the company in relation to CSR expenditure as per relevant Accounting Standard:

(h) where a provision is made with respect to a liability incurred by entering into a contractual obligation, the movements in the provision during the year shall be shown separately:

'Note 1 - The Company has an excess of Rs.1.86 Lakhs spent in CSR activities in earlier years which have been adjusted at the end of the year ended 31st March.2025.

(m) The Company has not traded or invested in Crypto Currency or Virtual Currency during the current and previous year and therefore the disclosures as sought is not applicable.

232 In accordance with the provisions of the Accounting Standard on impairment of Assets, AS -28. the management has made assessment of assets in use in resoect of each cash-generating unit and considering the business prospects related thereto, no provision is considered necessary on account of impairment of assets.

2.3J In the opinion of the Board, the operations of the Company comprises of dealing in Iron. Steel & allied products. The entire operations are located in India. Hence, the company does not have any reportable segments as per Accounting Standard AS-17- "Segment Reporting".

2.34 Previous year figures have been regrouped/ rearranged, wherever considered necessary to conform to present classification.

2.37 Disclosure as per AS-19 “Leases*' >

(i) Since the company has not entered into any non-canceliable lease arrangements, disclosures as per Accounting Standard 19 "Leases" to that extent are not required to be given. There are no contingent rents recognised as income in the statement of profit and loss for the year.

(ii) Particulars of the significant operating teasing arrangements entered into by the Company -

(a) Operating lease arrangement entered into with the Governer of Chattisgarh, acting through the Add!. Managing Director Chattisgarh State Industrial Development Corporation Ltd (“the Lessor" including his successor in office) vide agreement dated 30th June 2003 -

1. Terms of renewal - The lease may be renewed for a period of five years, provided the lessee has duly paid the rent and performed the conditions as mentioned in the deed.

2. Escalation Clause - Enhancement of rent at any one time may not exceed 30% of the rent payable at the time of review.

3. Restrictions imposed by the agreement - The lease arrangement allows for the premises to be used only for the business of Sponge Iron and other allied products, Any permanent/temporary additions or alterations to the premises must be done with the prior approval of the Lessor. The Deed does not permit sub-iease of the premises, no offensive trade or business must be carried out, the decision to what the same is, is final and binding ov the Lessor.

(b) Operating lease arrangement entered into ujth PX Saraogi HUF ("the Lessor") vide agreement dated 1st February 2024 -

1. Terms of renewal - The lease arrangement may be renewed by both the parties with mutual consent in writing.

2. Escalation Clause - There is no escalation clause in the Agreement.

3. Restrictions imposed by the agreement - The lease arrangement allows for the premises to be used only for official purposes along with adeauate alteration required for smooth functioning.

(c) Operating lease arrangement entered into with Anita Tradelinks Private Limited ("the Lessor") vide agreement dated 26th July, 2024 -

1. Terms of renewal - The lease arrangement may be renewed by both the parties with mutual consent in writing.

2. Escalation Clause - There is no escalation clause in the Agreement

3. Restrictions imposed by the agreement - The lease arrangementaliows for the premises to be used only for official purposes along with adequate alteration required for smooth functioning.

2.40 The Company holds 31.58% equity in the Equity Share Capital of M/s Special Mines & Minerals (P> ltd ("the Investee") which has been acquired over a period of time. The Investee is yet to start any commercial operations and is not material. The Company has been legally advised that the preparation of Consolidated Financial Statements in terms of Accounting Standard (AS) 23 "Accounting for Investments in Associates in Consolidated Financial Statements” notified under section 133 of the Companies Act. 2013 is not required because of the following reasons -

(a) The Company does not have any representation on the Board of Directors of the investee;

(b) There is no participation of the Company in the policy making processes of the Investee;

(c) There are no material transactions between the Company and the Investee;

(d) There is no interchange of managerial personnel between the Company and the investee:

(e) There is no provision of essential technical information.