37. Contingent Liabilities and Commitments

A contingent liability is a possible obligation that arises from past events whose existence will be confirmed by the occurrence or non-occurrence of one or more uncertain future events beyond the control of the Company or a present obligation that is not recognized because it is not probable that an outflow of resources will be required to settle the obligation. A contingent liability also arises in extremely rare cases where there is a liability that cannot be recognized because it cannot be measured reliably. The Bank Guarantee of Rs. 450.00 Lakh issued by Canara Bank to the beneficiary Samsung India Electronics Pvt Ltd dated 17-07-2023 and renewed in June 2024

43. Disclosure where the company has given loan or invested to other person or entity to lend or invest in another person or entity

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 entity/ies (“Intermediaries”), with the understanding, whether recorded in writing or otherwise, that the Intermediaries shall lend or invest in party (“Ultimate Beneficiaries”) identified by or on behalf of the Company.

44. Disclosure where company has received fund from other person or entity to lend or invest in other person or entity

The Company has not received any fund from any party(s) (“Funding Party/ies”), with the understanding, whether recorded in writing or otherwise, 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 Beneficiary”) or provide any guarantee, security, or the like on behalf of the Ultimate Beneficiary.

45. Undisclosed Income

The Company has not disclosed any transaction not recorded in books of account that has been surrendered or disclosed as income during the year in the tax assessments under the Income-tax Act, 1961 and also not recorded any previously unrecorded income and related assets.

46. Statement of current assets filed with banks and financial institutions for borrowing facilities

The company has availed Working capital credit facility of Rs. 10 crore from ICICI Bank Limited, on the security of Book Debts, Plant and Machinery and Inventory during the year. The company has filled the statement of current assets on time with bank as per the terms and conditions.

48. Relationship with Struck-off companies

The company has not entered in any transactions with companies struck off under section 248 of the Companies Act, 2013. Therefore, the disclosure requirement regarding relationship with Struck-off companies is not applicable to the company.

49. Willful Defaulter

The company has not been declared as a willful defaulter by any bank or financial institution or other lender at any time since its incorporation.

50. Registration of charges or satisfaction with Registrar of Companies

The company has availed fresh Working capital facilities of Rs.10 Crore from ICICI Bank Limited. ICICI Bank has created a charge and file form no. CHG-1 on MCA portal dated 27.06.2024 (Modified on 06.08.2024). Further the company has fresh sanction of performance bank guarantee of Rs.4.50 Crore issued in favour of Samsung India Electronics Private Limited by the Canara bank and created a charge against the same on MCA Portal on dated 13.07.2023.

51. Details of Benami Property held

No proceeding has been initiated or pending against the company for holding any Benami property specified under Benami Transaction (Prohibition) Act 1988 and rules made thereunder.

52. Loans or Advances to promoters, directors, KMPs and the related parties

The company has not granted any Loans or Advances in the nature of loans, to promoters, directors, KMPs and the related parties (as defined under the Companies Act, 2013,) either severally or jointly with any other person.

53. Compliance with approved Scheme(s) of Arrangements

The Company has not entered in any Scheme of Arrangements which required to approve by the Competent Authority in terms of sections 230 to 237 of the Companies Act, 2013. So, the requirement to disclose the effect of such Scheme of Arrangements in the books of account of the Company ‘in accordance with the Scheme’ and ‘in accordance with accounting standards and deviation in this regard, is not applicable to the company.

54. Compliance with number of layers of companies

The company has Invested Rs. 0.99 /- (Lakh) Which is 99.99 % in the capital of M/s Techeco eWaste Management LLP in the previous financial Year 2023-24. Further the company has sale Material and services of Rs.73.76 Lakhs ( PY 43.79 Lakhs) and Purchase the Material and services of Rs 408.72 Lakhs (PY 87.65 Lakhs) from M/s Techeco waste Management LLP during the year (the ultimate Subsidiary company of the group)

55. Utilization of Borrowed funds and share premium:

The company has availed Working capital credit facility of Rs.10 Crore from ICICI Bank Limited on security of Book Debts, Plant and Machinery and Inventory during the year. In addition the Company has raised the Initial Public offer ( IPO) Size Rs 5120.40 Lakhs (Included 4518.00 lakh as security premium during the Month of Sept 2024 under SME category. Out of this Rs 4118 Lakhs has been utilized as per objects of RHP submitted to National Stock Exchange and Balance Rs 1002 Lakhs has been still in FDR with IDFC bank Limited.

56. Details of Crypto Currency

The Company has not traded or invested in Crypto Currency or Virtual Currency during the financial year ending on 31 March, 2025.

57. Segment Reporting

The Company is mainly involved into the business of EWaste collection, disposal and recycling of electrical and electronic equipment (EEE) waste like Air Conditioners, Refrigerator, Laptop, Phones, Washing Machine, Fans etc. We are an ISO 9001:2015, ISO 14001:2015, ISO 27001:2022 & ISO 45001:2018 certified company, complying with strict environmental regulations regarding handling hazardous products and disposing them safely to keep our environment green. Hence, the Company has a single reportable segment as per the Accounting Standard - 17.

58. Other Statutory Disclosures as per the Companies Act, 2013

a. The company has not entered any scheme of arrangement approved by the Competent Authority in terms of sections 230 to 237 of the Companies Act, 2013.

b. There are no dividends proposed to be distributed to equity and preference shareholders.

c. The Board of the Company is of the opinion that the assets other than Property, plant and equipment, Intangible assets and Non-current investments have a value on realization in the ordinary course of business at least equal to the amount at which they are stated.

d. The company has used the borrowings from banks and financial Institutions for the specific purpose for which it was taken at the balance sheet date.