The Authorised Share Capital of the Company has been .aised from Rs.10 acres consisting of 100.00,000 Equity shares ofRs. 10 .up to Rs. 20 cores cons.sl.ng ot wi.uu.uuu tquii) shares ofRs. 10 each with the approval ofShaidioldcrs in their meeting held on 20th June. 2023.

(a) Terms / Rights attached to Equity Shares

The Company has only one elan of Equity Shn.es having n par value or NO per share. Each holder or equity shares is enri.led lo one vole per share. Any shareholder ohose name rs entered in the Register of Members or the Company shall enjoy the same rights and be subject lo the same liabilities as all other shareholders or lltc same elass.

In die event or liquidation or die Company. Equity Shareholders will be entitled lo tcecive remaining assets or die Company, ntler distribution oT nil preferential amounts. Tire distribution will be in proportion lo the number of the equity sliaics held by the shareholders.

(B) (1) Primary Security with Bunk Tor Term Loan I, Term Loan 2 and GECL

(ii) Primary Security with Bank fur Term Loan 3 (Wind Mill)

H\poihcticaiion of Stock & Receivables

Hypothecation or Plant & Machinery located at Weaving Unit I. Survey No. 297. Dlioli Integrated Spinning Park Ltd.. Dholka.

Almtcdabad-382240. Gujarat

ilypotheticnlion or Wind Mill and related Pland & Machinery Purchased out of the Bank Finance located at 217/1, Taluka.Savar Kuiidla, Amrcli

(C) Collateral Security with Bank fur Term Loan 1, Term Loan 2 and GECL and Term Loan 3(\Vind Mill)

(i) Equitable Mortgage over immovable propcity at Plot No. 544 owned by Mis. Krishna Tratiers & 545 owned by M/s. Star 1 ruders admeasuring

644sq. Yards each located at Survey No. l38.Vraj Garden. Nr. 200 Feet Ring Road and Sltanli Asiatic School Road. Sanand. Ahmednbad -380058 .

(ii) Equitable Mortgage over Factory Land and Building (admeasuring 8060.36 sqft. Metetes) at Weaving Unit I. Survey No. 297,

Dlioli Integrated Spinning Paik. Dholka. Ahmednbad -382240

(iii) Equitable Mortgage over Immovable property (admcosui ing 598 sq. mtis.) at Flat No./ Plot No.: Unit no. 330. Survey No. / House No.

Block No. 161. Vraj Garden. Akslint C.L Society Ltd., behind Applcvvoods Sclrciuc. Near Salinra City. Ahmedabad -380058 Owned by Vcdpiakash Chiripal

LEASE EXPENSES

Operating Lease: Rental is expenses with reference to lease terras and other considerations

(a) The company has taken on sub-lease land at Village Likhala.TalukaSavar Kundla, District Amreli, owned by Government of India and leased by Gujrat Fluorochemicals .The total lease rent paid on the same amounting to Rs. 15000/-and taken on lease w.e.f. .29.12.2021

(b) The company has taken on lease land at Survey No. 402, Dholi Integrated Spinning Park Limited from Dholi Integrated Spinning Park Limited. The total lease rent paid on the same amounting to Rs. 4330/-and taken on lease w.e.f. 21-09-2015.

Note: 37 Provision for current year's income tax aggregating Rs. 330.00 Lakhs/-(P.Y. Rs. 348.00 Lakhs/-) has been made on

estimated basis for the accounting year ended on 31.03.2025. The actual tax liabilities of the company will be determined on the basis of taxable income of the company for F.Y year 2024-25

Note: 38 During F.Y.2023-24 .Company was converted from closely held to Public Limited Company on 18.08.2023 and had

completed its Initial Public Offering ("lPO")of 26,88,000 new equity share of face value of Rs.10/- each at premium of Rs.60/- per equity share aggregating to Rs.1881.60 Lakhs and offer for sale number of equity shares 17,76,000 of face value of Rs.l 0/- each at premium of Rs.60/. expenses related to IPO Rs.136.28, Lakhs /- was debited against securities premium Account as per Section 52 of Companies Act,2013. Pursuant to the IPO, the equity shares of company have to got listed on the SME Platform of BSE on 27th December, 2023.

Note:39 Others

39.1 In the opinion of the Board, all the current assets, Loans and advances have a value on the realization in the ordinary course of the business at least equal to the amount at which they are stated.

39.2 Balances of sundry debtors, sundry creditors and loans and advances etc., are subject to confirmation and reconciliation, and consequential adjustment, if any.

39.3 Previous year figures have been regrouped/ rearranged so as to make them comparable with current year's figures.

Note; 42 Segment Reporting

For Management Purpose, the Company is currently organised into two major operating activities -1) Textile Manufacturing and 2) Renewable energy : Windmill Operations and rooftoop solar energy .These divisions are the basis on which the Company reports its primary segment information

(i) Segment assets and liabilities:

Company is having two segments of business, Assets and Liabilities are bifurcated segment wise.

(ii) Segment revenue and expenses

Segment revenue and expenses are taken directly as attributable to the segment. It does not include interest income on interdeposits, Profit on sale of investments, Interest expense, Provision for Contingencies and Income-tax.

The company operates primarily in India and there is no other significant geographical segment

Note: 43 Other Statutory Disclosure

43.1 (a)There is no such property wherein there is an issue with the tiltle, hence the title deeds related disclosures are not given

(b) The company does not have any investment in property hence, comment related to revaluation Is not made

(c) During the year, the company has not revalued it's intangible assets or any asset of Property, Plant & Equipment, hence, disclosure related to revaluation is not made

(d) The company has given loans and advances which are either repayable on demand or are without specifying any terms or period of repayment. The disclosures related to loans and advances given to related party are given

43.3 The company does not have any Benami property, where any proceeding has been initiated or pending against the company for holding any Benami property.

43.5 The company is not declared a wilful defaulter by any bank or financial Institution or other lender.

43.6 The company does not have any transactions with struck off Companies.

43.7 There is no registration of charge or satisafaction /modification of charge which is required to be registered with ROC is pending.

43.8 Company has complied with with the number of layers prescribed under clause (87) of section 2 of the Art read with the Companies (Restriction on number of Layers) Rules, 2017

43.9.1 DEBT-Equity Ratio: Due to Prepayment of Debt by 38.44 % (Rs. 854 Lakhs) and Increase in Equity and Reserve and Surplus by 11.79% (Rs. 1020.01 Lakhs)

Return on Equity Ratio: Due to Derease in Profit after Tax 21.61%

Trade Receivable turnover ratio : Increase in Sales by 40.35% and Decrease in Debtors by 23.20%

Trade payables turnover ratio : Increase in Purchase by 47.79% and Decrease in Creditors by 25.35%

Net Capital Turnover Ratio : Increase in Sales by 40.35 % and Increase in Working Capital gap by 76.06% Net Profit Ratio : Decrease in Net Profit by 21.61% and Increase in Sales by 40.35%

Return on capital employed : Due to Decrease in Profit 21.61%

43.10 During the year, company has not entered in any scheme of arrangements as specified in Section 230. to Section 237 of the Companies Act,2013

43.12 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:

(i) 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

(ii) provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries.

43.13 The company have not traded or invested in Crypto currency or Virtual Currency during the financial year.

43.14 During the year the Income Tax department has made order u/s 147 on 28.03.2025 for Assessment year 2021-22 raising the demand of Rs.7.57 Lakhs however management is refering rectification application u/s 154, Management is of the view that substential demand raised will be reduced, leaving no material liability for tax payble hence no provision has been made in the account during the year. During the Preceeding year u/s 147 & u/sl43(3) for Assessment Year 2022-23 on 31.03.2024, raised the demand of Rs. 6.78 Lakhs for Assessment year 2022-23 , the company has filed an appeal with Income Tax department before CIT-A for Assessment year 2022-23. In view of preffering appeal no provision have been made of tax & interest payable total amounting to Rs. 6.78 Lakhs has been made in the accounts. Till date the appeal is pending for hearing.

2) Further the company has received notice U/S 148 for assesment of the company for A.Y.2016-17. The scrutiny proceeding and proceddings U/S 148 have been initiated pursuant to a search & seizure operation carried by the Income Tax Authorities on Chiripal Groups and their key person on 20.07.2022 in which our company's has been mentioned warrant. In the opinion of management prima facie the Company does not expect additional liability as a result of scrutiny assessment, hence no provision has been made by the Comapany.

43.15

The Company has complied with the provision of section 135 of the Companies Act,2013. l)Amount required to be spent by Company during the year Rs.24,00,000/-.

2A)Amount of expenditure incurred Rs.11,00,000/- payment made to Arya Foundation having project of Rural development Feed to needy people Women empoerment and Helath environment programs Old age welfare Poor people help. 2B) Amount of expenditure Incurred Rs.11,00,000/- payment made to Ekal Shree Hari Vanvasi Foundation havinfgproject of upliftment of pur tribal Brothers and Sisters in about 1,12,624 villages in various part of our country through Panchmukhi Shiksha.

2C) Amount of expenditure incurred Rs.2,00,000/- payment made to Shree Vishvas Seva Trust having project of devloping on spreading eduction of drug addiction in youth across India. 3) Short

fall at to end of the year Rs. Nil/-(P.Y. Nil)