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. In the event of liquidation of the company, the holders of equity shares will be entitled to receive 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.

*The company has allotted Bonus Shares on 08th April, 2024 in the ratio of 7 shares for every 1 share held vide its members resolution passed in EGM 08th April,2024

**Issue of 16,70,000 Shares for year ended 31st March, 2025 & Issue of 3,30,000 shares for year ended 31st March, 2024

During the year ended 31st March, 2025 company has issued 2,70,000 fully paid up equity shares of face value Rs. 10 at a premium of Rs. 80 each by way of Private Placement.

During the year ended 31st March, 2025 company has issued 14,00,000 fully paid up equity shares of face value Rs. 10 at a premium of Rs. 80 each by way of Initial Public Offer (IPO).

During the year ended 31st March 2024, the company had come up with a Private Placement of 3,30,000 equity share of face value of Rs. 10 each at a premium of Rs. 80 each.

This money lying in Fixed Deposit account with Kotak Mahindra Bank of Rs.515.00 Lakh & HDFC Bank of Rs.32.20 Lakh. Total Fixed Deposit balance of Rs.547.20 lakh

28 Segment Reporting

The Company is into wire manufacturing and related business and there are no other reportable segments and no geographical segments to report as per AS-17 "Segment Reporting".

31 Employee Benefit

Gratuity - The Present value of obligation is determined based on actuarial valuation using the Projected Unit Credit Method. This method considers each period of service as giving rise to an additional unit of benefit entitlement and measures each unit separately to build up the final obligation.

Interest Cost - It is the increase in the plan liability over the accounting period resulting from the operation of the actuarial assumption of the interest rate.

Current Service Cost - It is the discounted present value of the benefits from the Plan's benefit formula attributable to the services rendered by employees during the accounting period.

Actuarial Gain or Loss - It occurs when the experience of the plan differs from that anticipated from the actuarial assumptions. It could also occur due to changes made in the actuarial assumptions.

The estimates of rate of escalation in salary considered in actuarial valuation, take into account inflation, seniority, promotion and other relevant factors including supply and demand in the employment market. The above information is certified by the actuary.

32 Other Statutory information

i) The Company do not have any Benami property, where any proceeding has been initiated or pending against the Company for holding any Benami property.

ii) The Company have availed borrowings from banks on the basis of security of current assets & Factory premises and consequently, quarterly statement submitted with bank are in agreement with the books of accounts

iii) The Company has not defaulted in payment to banks or financial institutions and the Company has not be declared as wilful defaulter by any bank or any financial institutions.

iv) The Company do not have any transactions with struck off companies.

v) The Company does not have any charges or satisfaction which is yet to be registered with ROC beyond the statutory period.

vi) Utilisation of Borrowed funds and share premium

The Company have 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 on behalf of the Ultimate Beneficiaries.

vii) The Company have 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 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 Funding Party (Ultimate Beneficiaries) or

b) Provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries.

viii) Undisclosed Income

The Company does not have any transaction not recorded in the books of accounts that has ben surrendered or disclosed as income during the year in the tax assessments under the Income tax act, 1961.

There is no previously unrecorded income and related assets have been recorded in the books of account during the year.

ix) The Company has not traded or invested in Crypto currency or Virtual Currency during the period.

Previous year's figures have been regrouped / reclassified wherever necessary to correspond 33 with current year's classification.