N0tes on Borrowings:

Seeured. Rale of Interest & Repayable by

I Term loan fmm STQ Finance limited ® 1229)6 pas is wuiwl by Adita Fro>rci and repayable by fan 202b

2. 4S.OU.OOO Unlisted Unrated Secured Redeemable Non-TonvrrtibV Debentures, at 16.43% having a lace value of Rs. lOO/-ench .fggftftiaUac to R*. 45.00.00,000/- (Rn Forty Five Cror** only) bsuud during tin* ywr l>y way of private placement.

71»c urnt- will be re -paid by Dec 2024.

3. Vehicle toons arc secured against the vehicle itself having rate rate ranging from 9% to 9% pa.

Notes forming part of the Standalone Financial Statements (All Amounts In currency INR UkhF wccopc as stated otherwise)

H«t Z9 Dmndal httniiMnii • .W«*jnt l**(ImlfWadons and lair tali* »eMar<inmi (I) Auounua* ilassIflurtUms

n*’ fair valiv£ uf \Xv fUuniai jmU uul iLtbtlr.xr. an tWiitramd .*: Ik* anuunt at uhtlv aulrumnt <ouU tv uxcHaiod in a »uncut trara^cttai Kiweeo vMilu#

Note 30: Financial Risk Management

The Company is exposed to financial risks arising from its operations and the use of financial instruments. Tire Company has identified financial asks and categorised them In three parts vi7.

(i) Credit Risk.

(it) liquidity Risk and (Ui) Market Risk.

Risk management framework

The Company's board of directors has overall responsibility for the establishment and Oversight of the Company's risk management framework The board of directors are responsible for developing and monitoring the Company's risk management The Company's risk management framework, are established to identify and analyse the risks faced by the Company, to set appropriate mk limits and controls and to monitor asks and adherence to limits Risk management policies and systems are reviewed regularly to reflect changes in market conditions and the Company’s activities. The Company, through its training and management standards and procedures, aims to maintain a disciplined and constructive control environment in which all employees understand their roles and obligations.

(i) Credit Risk

Credit risk infers to the possibility of a customer end other counterparties not meeting their obligations and terms and conditions which would result Into financial losses. Such ask arises mainly from trade* receivables, other receivables, loans and Investments.

The Company consider* the probability of default upon initial recognition of asset and whether there has been a significant increase ill credit risk on an ongoing basis through each reporting period. To assess whether there Is a significant increase in credit Osk the Company compares the risk of default occurring on asset as at the reporting date with the risk of default as at the date of Initial recognition. It considers reasonable and supportive forwarding-looking Information such as:

i) Actual or expected significant adverse changes in business,

ii) Actual or expected significant changes in the operating results of the counterparty,

iii) Financial or economic conditions that are expected to cause a significant change to the counterparty’s ability to meet its obligation*

iv) Significant increase in credit risk on other financial instruments of the same counterparty.

v) Significant changes in the value of the collateral supporting the obligation or in the quality of the third-party guarantees or credit enhancements

Financial assets are written off when there is no reasonable expectation of recovery, such os a debtor failing to engage in a repayment plan with the Company. Whore loans or receivables have been written off. the Company continues to engage in enforcement activity to attempt to recover the receivable due When? recoveries are made, these arc recognized as income in the statement of profit jnd loss. The Company establishes an allowance for doubtful debts and impairment that represents its estimate of incurred losses in respect of trade and other receivables, loans and advance* The maximum exposure to credit risk in Ctteoftll the financial Instruments covered below Is restricted to their respective carrying amount

(ii) Liquidity risk

Liquidity risk is the risk that the Company will encounter difficulty in meeting the obligations associated with its financial liabilities that are settled by delivering cash or another financial asset. The Company's approach to managing liquidity is to ensure, as far as possible, that rt will have sufficient liquidity to meet its liabilities when they are due. under both normal and stressed conditions, without incurring unacceptable losses or risking damage to the Company's reputation.

The Management monitors rolling forecasts of the Company's liquidity position and cash and cash equivalents on the basis of expected cash flows. The Company takes into account the liquidity of the market In which the Company operates.

a) Financing arrangements

The Company has access to funds from debt markets through loan Irom banks. The Company invests its surplus funds in bank fixed deposits.

(iii) Market Risk

The risk that the fair value or future cash flows of financial instruments will fluctuate because of changes in market price. Market risk further comprises of

(a) Currency risk.

(b) Interest rate mk: and

Tlie Company is not exposed to any currency risk as the Company does not have any import payables, short term payables, short term borrowings and export receivables In foreign currency.

bllutcrcstxatcxhk

Interest rate risk is the risk that the fair value or future cash flows of a financial instrument will fluctuate because of changes in market interest rate* Interest rate risk can be either lair value interest rate risk or cash How interest rate risk. Fair value interest rate risk is the risk of changes in fair values of fixed interest bearing investments because of fluctuations in the interest rates. Osh flow interest rate risk Is the risk that the future cash flows of floating Interest bearing investments will fluctuate because of fluctuations m the interest rates.

The Management is responsible for the monitoring of the Company's interest rate position. Various variables are considered by the Management in structuring the Company's borrowings to achieve a reasonable, competitive, cost of funding

- Capital Management

The Company's capital management objectives are:

a) to ensure the Company's ability to continue as a going concern

b) to provide an adequate return to shareholders

The Company monitors capital on the hasls of the carrying amount of equity less cash and cash equivalents as presented on the face of balance sheet

The Management assesses the Company's capital requirements in order to maintain an efficient overall financing structure while avoiding excessive leverage. This takes into account the subordination levels of the Company's various classes of debL The Company manages the capital structure and makes adjustments to it In the light of changes in economic conditions and the risk characteristics of the underlying assets. In order to maintain or adjust the capital structure, the Company may adjust the amount of dividends paid to shareholders, return capital to shareholders, issue new shares, or sell assets to reduce debt.

Xo*e 39 : Impair Bt*n« Akwb

On the basts o< physsrj) vrrinratoB of assets is specified in IKU AS - 3ft ond cash genrrjition rapacity of those assets, in the managrmrnt p»rc«plmn Ihirt it mi lapanmnt nf tuMi ji xppMrlnn In th> Bilamw Sh*«« x* nn Mmh 31,202)

N<*c 40 • 5rj?*e*t Information:

In accordance with lrrii.it Atmuntinc kandjnl HIM ‘Ojxeaiinc SeiinmN:* prescribed by Companion (AconiMini Mandirris) Rules. 20IS, the «tt|May ho« ih<«i tnirvtl it* prirrury liutlMU svgnuttf *\ a singM of fUul E*uu Btnttvt* Siiuv there 41* no ulhtfr huu&ett ucptutU* in

whkh the company citrates, there are no otter primary rtportaWo tccmrm Thmfcrc. the Segura* Revenue. Segment Resafc*. Segnrat Asm* $<vnwM Usblbtle* b*al c««* Incurred to «r<|mr $r panert Assets <toprer t«*K*i chirp- «tre nil as 15 rellcctcd in the hn.in;;il tcatement*.

Hot* 43: tapploye* bewefit*

F.spcra** iiui luiiiliUc* in nttpivtoftimpfeyro buurfju are rwortM in ucturiUmv with I ml AS -1'>, Eaipfeyiv Bine Hi-, northed In theCompMhH (Accounting Standard) RuW% 20IS.

! President fund

The Company maw contnbubon to statutory provider.* fund « .iccorxtjnoe with the fcmployees Provident funds and Miscellaneous Provisions Act 19W. In terms with Ird-AS -19. Emptoyoe Benefits. rafted in the Companies (Accounting SUndanJj Rules. 20IS.

2 Cnluits Mil lw» Oblige! inn

The Company has a futded cfcflnod benefit gratuity plan and is fpvrnwd by the Payment c* Gratuity Act. 1972 llralcr the Ait employee who fus. tuinpkted flw year* of mi vice it entitled to speiifc fiv/»rfit Tin- level of benefits providiO ihyx'iuh <n thu nfnpkiywe'4 length of innricv .»nd *-iU*y at rrtimmint age.

The lollwnng table* summarise the components of net tenertt expense recognised in the Statement of Prcfit cc Loss and the funded status and amounts recognised In the Balance Shoe* for the rwpecchv pirns.

Note 4S

Ihc Company has maintained proper book* of account as prescribed under Section 128(1) of the Companies Act. 2013 (os amended) The books of accounts are maintained in electronic mode ad required under Section 128 (l)of the Companies Act, 2013 md with the Companies (Accounts) Rules 2014 (us amended). Buck-ups of books of account und other relevant books and papers maintained in electronic mode is kept as per the policy of the Company effective August 5, 2022. The back-up of the principal accounting system is kept in a server physically located in India and is done on a daily basis.

Note 46: Other Statutory Information

1 The Company does not have any Benami property, where any proceeding has hern Initiated or pending against the Company for holding any Benami property.

2 The Company docs not have any transaction* with companies struck off.

3 Ihc Company has not traded or invested In Crypt? currency or Virtual Currency during the year.

4 Tho Company has not advanced or loaned or Invested funds to any other porson(c) or entlty(les). Including foreign entities

I Intermediaries) with the understanding that the Intermediary shalL

fa) direct!)' or indirectly lend or invest In other persons or entities identified In any maimer whatsoever by or on behalf of the company (Ultimate Beneficiaries) or

|b) provkdo any guarantee, wcuriry or the like to or on behalf of the Ultimate Beneficiaries.

5 The Company hw not received any fund from any person!*) or tmmyOcs), including torofcn entitles (Funding Part)) with the understanding (whether recorded in writing or otherwise) that the Company shall:

(a) directly or indirectly lend or invest in other persons or entities identified in any maimer whatsoever by or on behalf of the Funding Party (Ultimate Beneficiaries) or

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

6 The Company does not have any transaction which ts not recorded in the books of Account that has been surrendered or disclosed as income during the year in the tax assessments under the Income Tax Act, l$6l (such a*, search or survey or any other relevant provisions of the Income Tax Act.

7 The Company does not have any charges or satisfaction which Is yet to he registered with R(X*. beyond the statutory period, hole 47: Event after the reporting period

The Board of Directors have recommended dividend of R*. 0.541/- per hilly paid up equity share of Rs. 10/- each for the financial year 2022-23.

Note 48 : Previous Year Figure'* regrouping:

Previous year figures have been regrouped, rc-arraogcd and re classified wherever necessary to conform to current year's classification.