Note B: Terms / rights attached to Equity Shares:

The Company has equity shares having a nominal value of Rs.5 each. All equity shares rank equally with regard to dividend and share in the Company’s residual assets. Each holder of equity shares is entitled to one vote per share. The equity shares are entitled to receive dividend as declared from time to time. The dividend proposed by the Board of Directors is subject to the approval of the shareholders in the ensuing Annual General Meeting, except interim dividend. 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 shareholders.

The Company’s objective of capital management is to maximise the return to its shareholders through optimal mix of debt and equity. The Company determines the amount of capital required on the basis of annual and longterm operating plans. The funding requirements are met through equity and long term/short term borrowings. The Company monitors the capital structure on the basis of Net debt to equity ratio and maturity profile of the overall debt portfolio of the Company.

Proposed Dividend

The Board of Directors at its meeting held on 19th May 2023 have recommended a payment of a dividend of 30% per equity share of face value of Rs. 5/- each for the financial year ended 31.03.2023. The same amounts to Rs. 39.01 Lakhs

Capital Reserve:

Capital Reserve comprises profits of Capital nature and it is not considered a free reserve for the purpose of dividend distribution

General Reserve:

General Reserve comprises profits of revenue nature set apart to meet any unforeseen contingencies and is considered as a free reserve for the purpose of dividend distribution

Note 1

The vehicle loan from Bank carries interest at the rate of 8.40% p.a and is repayable in 84 equal installments from January 2020. Loan is secured against hypothecation of the vehicle.

Note 2

The vehicle loan from Bank carries interest at the rate of 8.75% p.a and is repayable in 60 equal installments from April 2020. Loan is secured against hypothecation of the vehicle.

Note 3

The vehicle loan from Bank carries interest at the rate of 7.80% p.a and is repayable in 84 equal installments from August 2022. Loan is secured against hypothecation of the vehicle.

Note 4

The vehicle loan from Bank carries interest at the rate of 8.21% p.a and is repayable in 60 equal installments from December 2022. Loan is secured against hypothecation of the vehicle.

Note 5

The Loan from Non Bank Financial Institution interest at the rate of 9.25% p.a and is repayable in 72 installments from December 2022. Loan is secured against Paripasu charge over present and future Current and movable fixed asset and pledge of equity shares of Faber Sindoori Management Services on a fully diluted basis

There has been no default in repayment of any borrowings as on the balance sheet date. The company has not been declared a willful default during the year.

Note 32: Financial instruments and Risk factors

Financial Risk factors

The Company’s financial liabilities comprise of short term and long term borrowings, trade payables, employees dues, unpaid dividend and security deposit. The main purpose of financial liabilities is to support the companies financial operations. The Company’s financial assets includes security deposit, investments, trade receivables, staff advance, cash and cash equivalents, Bank balances, etc that derive directly from the operations.

To ensure alignment of risk management system with the corporate and operational objective and to improve upon the existing procedure, the company oversees various risk factor for managng of these risks.

Interest rate risk

The Company is exposed to interest rate risk from the possibility that the inflow in the interest rate will affect future cash flows of a finacial instruments.

The Company’s interest rate mix management includes to maintain a mix between fixed or floating rate based on liquidity.

Credit risk

Customer credit risk is managed according to the Company’s policy, procedure and control relating to customers’ credit risk management. Outstanding receivables are monitored regularly. MIS prepared by the management time to time is according to varieties of customer and services. Sales to walk-in customers are made by way of Cash, PayTM and debit/credit payments. Food sold to industrial customers is on credit basis.

Liquidity risk

“The Company monitors its risk of shortage of funds usuing detailed cash flow projections which is monitored closely on a daily basis.

The Company has been sanctioned cash credit limit of Rs.17 Crores by a scheduled bank for meeting working capital requiment of the Company. The cash credit facility is secured by exclusive charge over inventory, trade receivables and all the fixed assets of the Company. “

Figures for the previous year have been regrouped or rearranged wherever necessary. Figures have been rounded off to the nearest rupees in lakhs.