B) Unsecured Loans:1 Loans from Promoter Directors:

The loans from promoter Directors are interest-free and unsecured in nature. There are no specified terms and conditions, however the same are amortised using effective interest rate.

2 Loan from Subsidiary

The loan from Subsidiary carries Interest rate of 7% (7%) per annum.

C) Cumulative Redeemable preference Shares

The Company has issued and allotted 7,66,37,500 7% Cumulative Redeemable Preference Shares (CRPS) of face value of ' 10/- each aggregating ' 76,63,75,000/- to the existing 7% Cumulative Redeemable Preference Shareholders in lieu of their existing 4,75,00,000 7% Cumulative Redeemable Preference Shares of face value of ' 10/- each aggregating ' 47,50,00,000/- and the outstanding accumulated dividend thereon up to 31st March, 2017 amounting to ' 29,13,75,000. The redemption tenure has also been extended from 10 to 15 years and are now redeemable by 31-03-2033. During the year, preference dividend @ 1% has provided amounting ' 76,63,750/- and preference shareholders has given their consent to forego 6% preference dividend amounting ' 4,59,82,500/- for the financial year 2021-22

Disclosures:

The Company has provided for Deferred Tax in accordance with the Accounting Standard on "Income Taxes" (IND AS 12) issued by the institute of Chartered Accountants of India. The details of deferred tax assets and liabities of the Company as on the date of Balance Sheet are as given above:

A) Secured Loans:

1 The Rate of interest for loans repayable on demand from consortium of banks ranges from MCLR 2.75% to 5.00%. The rate of Interest on convertible FCNRB demand loan ranges from Libor 2.50% to 4.75% per annum.

2 Interest rate for the Bill Discounting facility ranges from 6.65% to 7.50%

3 Security:

Working Capital Loans from Consortium Bankers consisting of State Bank of India, Union Bank of India, Indian Overseas Bank and Andhra Bank are secured by first pari passu charge by way of hypothecation of inventories, book debts and other current assets of the Company, and second pari passu charge on the fixed assets of the Company. The promoter directors have extended their personal assets as securities i.e. land, plots, buildings and shares etc.,

4 Guarantees:

All the above loans are guaranteed by the Promoter Directors.

B) Unsecured Loans:

Loans from Promoter Directors disclosed here are short term in nature. There are no specified terms and conditions.

The principal amount remaining unpaid as at 31st March, 2022 in respect of enterprises covered under the Micro, Small and Medium Enterprises Development Act, 2006 (MSMED) is ' 0.09 Lakhs (31st March, 2021 ' 16.24 Lakhs). The interest amount computed based on the provisions under Section 16 of the MSMED is ' 0.08 Lakhs (31st March, 2021 ' 4.32 Lakhs)

The list of undertakings covered under MSMED was determined by the Company on the basis of information available with it after getting confirmation from Suppliers.

NOTE 4l| SEGMENT REPORTING:

Operating segment is defined as a component of an entity which earns revenue, whose operating results are regularly reviewed by Chief Operating Decision Maker and for which discrete financial information is available. The Chairman and Managing Director of the Company, who regularly reviews the entity's operating results to make decisions about allocation of resources and assessment of performance has been identified as the Chief Operating Decision Maker of the Company. As the Company is engaged in manufacture and sale of chemicals, the same has been identified as the sole operating segment.

Note: The details of the transactions during the year as reported above are net of GST, where applicable.

As the future liability for gratuity and leave encashment is provided on an actuarial basis for the Company as a whole, the amount pertaining to the Key Management personnel is not ascertainable and, therefore, not included above.

An amount of ' 322.86 Lakhs (Previous Year: ' 113.00 Lakhs) has been contributed to Krishna Foundation during the year towards Corporate Social Responsibility.

The transactions with related parties are made on terms equivalent to those that prevail in arm's length transactions. Outstanding balances at the year-end are unsecured.

NOTE 43 The paid-up share capital of the Company as on financial year ended 31st March, 2022 and financial year ended 31st March, 2021 is ' 8,858.35 Lakhs divided into 1,19,46,020 Equity Shares of ' 10/- each and 7,66,37,500 7% Cumulative Redeemable Preference Shares of ' 10/- each. The Public Shareholding in equity capital as on 31st March, 2022 and as on 31st March, 2021 is 25%.

The preference shareholders have given their consent to forego 6% preference dividend of the eligible 7% preference dividend amounting ' 459.83 Lakhs for the financial year 2021-22 and Preference shareholders forego 7% preference dividend amounting ' 536.46 Lakhs for the financial year 2020-21

NOTE 44| EMPLOYEE BENEFITS:1. Defined Contribution Plan:

The company makes contributions towards provident fund and employee state insurance regularly at the applicable rates based on the salaries of the eligible employees. The obligation of the Company is limited to making the contributions and there is no further contractual or constructive obligation. The following are the details of contributions made during the year which are debited to Statement of Profit and Loss

NOTE 50 Figures for the previous year have been regrouped, rearranged, and reclassified, wherever considered necessary, to conform to the classification/ presentation of the current year.