1. The Company has increased its authorised share capital from 5,00,000 shares to 50,00,000 shares vide a resolution passed at EGM of the Company held at registered office of the Company on 13th January, 2023 during the F.Y. 2022-23.

2. The Company has issued 10,00,000 bonus shares vide resolution dated 30th June, 2023.

3. The Company has issued and alloted 6,00,000 shares having face value of Rs. 10 per shares at a premium of Rs. 175 per share under Initial Public Offer (IPO).

(ii) The Company has issued one class of equity shares having a face value of Rs. 10/- per share. Each shareholder is eligible for one vote per share held. The dividend, if any, proposed by the Board of Directors is subject to the approval of the shareholders in the ensuing Annual General Meeting, except in case of interim dividend. In the event of liquidation, the equity shareholders are eligible to receive the remaining assets of the Company after distribution of all preferential amounts, in proportion to their shareholding.

* The Company has issued 10,00,000 bonus shares vide resolution dated June 30,2023.

** The Company has issued and alloted 6,00,000 shares having face value of Rs. 10 per shares at a premium of Rs. 175 per share through Initial Public Offer (IPO). However, the securities premium has been applied for the share issue expenses in accordance with the provisions of section 52 of the Companies Act, 2013.

i. Term Loan from Banks

1. HDFC Bank Working Capital Term Loan is secured against hypothecation of Property of Company, its Associate Enterprises & Directors and Stocks & Book Debts of the Company. This loan is originally repayable in EMI having repayment term of 24 months @ 9% p.a.

2. HDFC Bank Working Capital Term Loan is secured against hypothecation of Property of Company, its Associate Enterprises & Directors and Stocks & Book Debts of the Company. This loan is originally repayable in EMI having repayment term of 9 months @ 9% p.a.

3. HDFC Bank Term Loan is secured against hypothecation of Property of Company, its Associate Enterprises & Directors and Stocks & Book Debts of the Company. This loan is originally repayable in EMI having repayment term of 60 months @ 9% p.a.

4. Axis Bank for Motor Vehicle (Jeep) Purchase is secured by hypothecation of vehicles purchased under hire purchase agreement These loans are originally repayable in equal monthly instalments having repayment term of 60 months @ 7.50% p.a.

5. Axis Bank for Motor Vehicle Purchase (Venue) is secured by hypothecation of vehicles purchased under hire purchase agreement These loans are originally repayable in equal monthly instalments having repayment term of 36 months @ 8.50% p.a.

6. Axis Bank for Motor Vehicle Purchase (Venue) is secured by hypothecation of vehicles purchased under hire purchase agreement These loans are originally repayable in equal monthly instalments having repayment term of 36 months @ 8.95% p.a.

7. Indusind Bank Loan for Motor Vehicle Purchase (Bolero) is secured by hypothecation of vehicles purchased under hire purchase agreement These loans are originally repayable in equal monthly instalments having repayment term of 36 months @ 11.58% p.a.

ii.From Financial Institutions

1. Toyota Financial Services India Limited on Motor Vehicle repayable in EMI having repayment term of 60 months @ 8.51%

iii .Unsecured Loan

1. Fullteron India Credit Company Limited repayable in EMI having repayment term of 43 months @ 16.75%. The Loan has been foreclosed during the Financial Year 2023-24.

2. Fullteron India Credit Company Limited repayable in EMI having repayment term of 48 months @ 14%.

3. Fullteron India Credit Company Limited repayable in EMI having repayment term of 29 months @ 17%.

4. Bajaj Finserv Limited repayable in EML having repayment terms of 60 months carries interest at 18%. The Loan has been foreclosed during the Financial Year 2023-24.

5. Axis Bank loan is repayable in EMI having repayment term of 36 months @ 15.50% p.a. The Loan has been foreclosed during the Financial Year 2023-24.

6. HDFC Bank loan is repayable in EMI having repayment term of 48 months @ 15.00% p.a. The Loan has been foreclosed during the Financial Year 2023-24.

7. Deutsche Bank loan is repayable in EMI having repayment term of 26 months @ 15.90% p.a.

8. ICICI Bank loan is repayable in EMI having repayment term of 36 months @ 16.50% p.a.

9. Clix Capital Services Private Limited loan is repayable in EMI having repayment term of 36 months @ 17.00% p.a.

10. Hero Fincorp Limited loan is repayable in EMI having repayment term of 36 months @ 17.00% p.a.

11. Ugro Capital Limited loan is repayable in EMI having repayment term of 36 months @ 17.00% p.a.

12. Indusind Bank loan is repayable in EMI having repayment term of 36 months @ 16.00% p.a.

13. Bajaj Finserv Limited repayable in EMI having repayment terms of 36 months carries interest at 16%. The Loan has been foreclosed during the Financial Year 2023-24.

14. Fedbank Financial Services Limited Loan repayable in EMI having repayment terms of 36 months carries interest at 15.75%.

15. Tata Capital Limited Loan repayable in EMI having repayment terms of 43 months carries interest at 16.75%. The Loan has been foreclosed during the Financial Year 2023-24.

16. Tata Capital Limited Loan repayable in EMI having repayment terms of 36 months carries interest at 16.00% p.a.

17. Tata Capital Limited Loan (Business Loan) repayable in EMI having repayment terms of 36 months carries interest at 16.00% p.a.

18. Unity Small Finance Loan repayable in EMI having repayment terms of 36 months carries interest at 17.00% p.a.

19. The Loan has been guaranteed by the personal guarantee of the managing director of the company.

Note: During the Financial Year 2023-24, Cash credit facility has been availed from HDFC Bank which is secured against hypothecation of Property of Company, its Associate Enterprises & Directors and Stocks & Book Debts of the Company. The Credit facility is renewed on year to year basis & repayable on demand and carries interest @ 9% (prevailing rate).

Note:

i. Dues to Micro and Small Enterprises have been determined to the extent such parties have been identified on the basis of information collected by the Management. This has been relied upon by the auditors. In the opinion of the management, the impact of interest, if any, that may be payable in accordance with the provisions of the

ii. The average credit period is up to 45 days.

The definitions of ratio / formulas used for actual computation are as follows:

1 Current Ratio = Current Assets/Current liabilities

2 Debt Equity Ratio = Total Debt / Shareholders Equity

3 Debt Service Coverage Ratio = Earning available for Debt Service / Debt Service

4 Return on Equity (ROE) — Net Profit after taxes / Average Shareholders Equity

5 Inventory Turnover Ratio = Cost of goods sold / Average Inventory

6 Trade Receivables Turnover Ratio = Revenue from Operation / Average account receivable

7 Trade Payables Turnover Ratio = Net credit purchases/ Average Trade Payables

8 Net Capital Turnover Ratio = Revenue from Operations / Working capital

9 Net Profit Ratio = Profit After Tax / Revenue from Operation

10 Return on Capital employed (ROCE) = Profit before interest and tax / (Networth Total Debt Deferred tax liability)

11 Return on Investment = Net Gain on Sale of Investment / Cost of Investment

Note 29 Details on derivative instruments and unhedged foreign currency exposures

- The year-end foreign currency exposures that have been hedged by a derivative instrument: Rs. Nil (Previous year Rs. Nil).

- The year-end foreign currency exposures that have not been hedged by a derivative instrument or otherwise: Rs. Nil (Previous year Rs. Nil).

Note 31 Segment Information

The Company operates in a single reportable segment which is governed by same set of risks and returns, thus the reporting requirements under Accounting Standard 17 ‘Operating Segments’ have not been presented in the financial statements.

Note 34 There are no transactions with Struck off Companies during the year.

Note 35 The Company has not received any whistleblower complaint during the year. No frauds had been noticed by or reported to the Company.

Note 36 During the year, no funds have been advanced or loaned or invested (either from borrowed funds or share premium or any other sources or kind of funds) by the Company to or in any other person(s) or entity(ies), including foreign entities (“Intermediaries”) with the understanding, whether recorded in writing or otherwise, that the Intermediary shall lend or invest in party identified by or on behalf of the Company (Ultimate Beneficiaries). The Company has not received any fund from any party(s) (Funding Party) with the understanding that the Company shall whether, directly or indirectly lend or invest in other persons or entities identified by or on behalf of the Company (“Ultimate Beneficiaries”) or provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries.”

Note 37 There are no proceedings initiated or pending against the Company for holding any Benami Property under the Benami Transactions (Prohibition) Act,1988 and rules made thereunder.

Note 38 The Company is not declared as a wilful defaulter by any Bank or Financial institution or other lender.

Note 39 The Company has not traded or invested in Crypto Currency or Virtual Currency.

Note 40 Approval of financial statements

The financial statements for the year ended 31 March, 2024 were approved by the Board of Directors on 29th May, 2024.

Note 41 Previous year's figures have been regrouped / reclassified wherever necessary to correspond with the current year's classification / disclosure.