e) Right, Preference and Restriction attached to Equity Shares

The company has one class of equity Shares having a par value of ' 10/- each. Each shareholder is eligible for one vote per share held. In the event of liquidation, the shareholders are eligible to receive the remaining assets of the company after distribution of all preferential amounts, in the proportion to their share holding.

f) Shares in respect of each class in the company held by its holding company or its ultimate holding company including shares held by or by subsidiaries or associates of the holding company or the ultimate holding company in aggregate - NIL

h) Shares Reserved for issue under options & contracts disinvestment including terms & amounts - NIL

i) Terms of any securities convertible into equity/preference shares issued along with the earliest date of conversion in descending order starting from the farthest such date - NIL

j) Calls unpaid (showing aggregate value of calls unpaid by directors and officers) - NIL

k) Forfeited shares (amount originally paid-up) - NIL

Term loan from Bank (Secured) includes :

(i) Term loan from Standard Chartered Bank o/s as on 31st March 2024 is ' 987.98 Lakhs (Sanction Amount of '

1040.00 Lakhs) (31st March, 2023 - ' 1,005.39 Lakhs) carries interest at 9.50% (March 31, 2023 - at 8.90%). The said remaining term loan is to be repaid in 156 Equated monthly instalments. The said term loan are secured against property.

(ii) Vehicle loan from ICICI bank o/s as on 31st March 2024 is ' 24.72 Lakhs (Sanction Amount of ' 37.00 Lakhs) (31st March, 2023 - ' 36.05 Lakhs) carry interest rate at 8.85%. The said remaining loan will be repaid in 23 equated monthly instalments by February, 2026 are secured by way of hypothecation cars.

(iii) Vehicle loan from Federal bank o/s as on 31st March 2024 is of ' 28.54 Lakhs (Sanction Amount of ' 29.30 Lakhs) (31st March, 2023 - Nil) carry interest rate at 8.80%. The said remining loan will be repaid in 35 equated monthly instalments by February, 2027 are secured by way of hypothecation cars.

(iv) Term loan from Standard HDFC Bank o/s as on 31st March 2024 is ' 46.04 Lakhs (Sanction Amount of ' 46.28 Lakhs) (31st March, 2023 - Nil) carries interest at 9.00%. The said remaining term loan is to be repaid in 119 Equated monthly instalments. The said term loan are secured against property.

a) The secured loan from bank includes :

(i) Working capital loan from Axis Bank o/s as on 31st March 2024 is ' 399.51 Lakhs (Sanction Amount of '

400.00 Lakhs) & Interest at ' 3.05 Lakhs having interest rate at 9.00% (31st March, 2023: ' 90.01 Lakhs) are secured by way of fixed deposit (' 80.00 Lakhs). The same is repayable on demand.

(ii) Working capital loan from Axis Bank o/s as on 31st March 2024 is ' 2,820.28 Lakhs (Sanction Amount of '

3.200.00 Lakhs) carries interest rate at 9.00% (31st March, 2023: ' 753.89 Lakhs from Indian Bank carries interest rate of 9.40 %) are secured by way of hypothecation of stock and book debts of the company. The same is repayable on demand.

b) The Unsecured loan from NBFC includes :

(i) Unsecured loan from Bajaj Finance o/s as on 31st March 2024 is ' 83.42 Lakhs (Sanction Amount of '

400.00 Lakhs) (31st March, 2023 - ' 93.21 Lakhs) and from IDFC First o/s as on 31st March 2024 is ' 213.86 (Sanction Amount of ' 279.00 Lakhs) (31st March, 2023 - Nil) repayable on demand and carried interest rate at 11.75% and 12.00% respectively.

Investment in Subsidiaires

1. During the year, the Company has acquired 59,000 Equity Shares of M/s Hear More Techlife Private Limited with Face Value of ' 10 per share at a cost of ' 59,000.

2. During the year, the Company has acquired 51,000 Equity Shares of M/s Techgrind Solutions Private Limited with Face Value of ' 10 per share at a cost of ' 51,000.

34. Employee Benefits

(a) Short Term Employee Benefits :

Short Term Employee Benefits are recognized as an expense on an undiscounted basis in the statement of profit and loss for the year in which the related service is rendered.

(b) Post-employment defined benefit plan Gratuity

The Company provides for gratuity, a defined benefit retirement plan covering eligible employees. Every employee is entitled to a benefit equivalent to fifteen days salary last drawn for each completed year of service on terms not less favourable than the provisions of the Payment of Gratuity Act, 1972. The benefits vest after five years of continuous service and once vested it is payable to the employees on retirement or termination of employment. In respect of Gratuity plan, the most recent actuarial valuation of the plan assets and the present value of the defined benefit obligation were carried out as March 31, 2024. The present value of the defined benefit obligation, and the related current service cost and past service cost, were measured using the projected unit cost method. The following table sets forth the status of the Gratuity Plan of the Company and the amount recognised in the Balance Sheet and Statement of Profit and Loss.

35. Events occurring after the Balance sheet date

The Board of Directors of the Company (“the Board”) at their meeting held on 09th May, 2024, subject to the approval of members of the Company at their Extra Ordinary General Meeting scheduled (to be held on 05th June, 2024 and such other approvals as may be required), has approved:

a. ) The increase in Authorised Share Capital of the Company from existing ' 12,00,00,000/- divided into 1,20,00,000

Equity Shares of ' 10/- each to ' 17,00,00,000 divided into 1,70,00,000 Equity Shares of ' 10/- each;

b. ) The issue of upto 7,50,000 Equity Shares of face value of ' 10/- each at a price of ' 399/- including a premium of

' 389/- each payable in cash aggregating to ' 29,92,50,000/-, on preferential allotment basis in such manner and on such other terms and conditions, as the Board may, in its absolute discretion, think fit;

c. ) The issue of upto 2,50,000 Fully Convertible Warrants, each convertible into, or exchangeable for 1 fully paid-up

equity share of the Company of face value of ' 10/- each at a price of ' 399/- including a premium of ' 389/- each (including the Warrants subscription price and Warrant exercise price) payable in cash aggregating to ' 9,97,50,000/-, on preferential allotment basis in such manner and on such other terms and conditions, as the Board may, in its absolute discretion, think fit.

Further pursuant to the Requirement Letter bearing No. NSE/LIST/41615 dtd. 16th May, 2024 received from National Stock Exchange of India Limited, the Board at their meeting held on 22nd May, 2024, subject to the approval of members of the Company and such other approvals as may be required, has approved the revised the number of equity shares to be issued upto 7,45,000. There has been no change in number of fully convertible warrants to be issued upto 2,50,000.

36. Disclosure under Section 22 of Micro, Small and Medium Enterprises Development Act, 2006

The Company has outstanding amount to suppliers who are registered under the Micro, Small and Medium Enterprises Development Act, 2006. The information, as required to be disclosed under the Micro, Small and Medium Enterprises Development Act, 2006, has been determined to the extent such parties have been identified on the basis of information available with the company, the auditor has relied on the same. There are no overdue amount relating to amount unpaid at the year end together.

38. In the opinion of the Board of Directors of the Company, the loans, advances and current assets have a value of realization in the ordinary course of business, at least equal to the amounts on which these are stated.

39. The Balance of the Trade Receivables and Trade Payables are subject to confirmation. Any adjustment if required, will be made on receipt of the same.

40. Submission of returns with the Banks

The Company has working capital facilities from Banks which are secured by hypothecation of Inventory and Book Debts. The amount outstanding as at March 31, 2024 is ' 6,425.64 Lakhs (Previous Year - ' 753.89 Lakhs). The quarterly returns or statement (as amended) of current assets filed by the Company with banks are in agreement with books of accounts.

41. Segment Reporting

Jay Jalaram Technologies Limited ("the Company") is having business segment of Electronic Gadgets and Electric Vehicles. Considering the provisions of Accounting Standard 17, the Company do not have any reportable segment.

42. Indication of Impairment

In accordance with the Accounting Standard 28 “on Impairment of Assets” the company has assessed on the balance sheet date whether there are any indications (as listed in paragraph 8 to 10 of the Standard) with regard to the impairment of any of the assets. Based on such assessment, it has been ascertained that no potential loss is present and therefore formal estimate of recoverable amount has not been made. Accordingly no impairment loss has been provided in the books of account.

43. Other Statutory Information

(i) The Company does not have any Benami property, where any proceeding has been initiated or pending against the Company for holding any Benami property.

(ii) The Company has not traded or invested in Crypto currency or Virtual Currency during the financial year.

(iii) The Company is not declared as wilful defaulter by any bank or financial institution (as defined under the Companies Act, 2013) or consortium thereof or other lender in accordance with the guidelines on wilful defaulters issued by the Reserve Bank of India.

(iv) The Company does not have any transaction which are not recorded in the books of accounts that have been surrendered or disclosed as income during the year in the tax assessments under the Income Tax Act, 1961.

(v) The Company has not revalued any of its Property, Plant and Equipment during the year.

(vi) There are no charges or satisfaction yet to be registered with Registrar of Companies (ROC) beyond the statutory period.

(vii) There is no transaction with the stuck-off company during the year ended 31st March 2023.

(viii) The Company is not covered under Section 135 of the Companies Act, 2013 and is not required to make CSR contribution.

Contingent Liabilities:

(ix) The Company has given Bank Guarantee/ LC Discounting for which FDR margin money has been given to the bank as Security for an Amount of ' 200.00 Lakhs (P.Y. - NIL)

(x) The company has not granted any loans to promoters, directors, KMPs and the related parties (as defined under Companies Act, 2013) either severally or jointly with any other person, that are repayable on demand or without specifying any terms or period of repayment.

(xi) There are no intangible assets under development so the ageing schedule for the same is not applicable.

(xii) The Company is in compliance with the number of layers prescribed under clause (87) of section 2 of the Companies Act read with the Companies ( Restriction on number of Layers) Rules, 2017.

(xiii) The company has not entered into any Scheme of Arrangements which has been approved by the Competent Authority in terms of sections 230 to 237 of the Companies Act, 2013.

(xiv) The Company has not incurred any Cash Loss during the year (P.Y. - NIL)

(xv) The Title Deeds of the Immovable properties (other than properties where the company is the lessee and the lease agreements are duly executed in favour of the lessee), disclosed in Note 12 of the financial statements are held in the name of the Company as at the Balance Sheet date.

(xvi) During the year the Company does not have any foreign exchange earnings and expenses on export and Import of goods/ Services (Previous year -Nil).

44. The Company, in respect of financial years commencing on or after the 1st April, 2023, has used such accounting software for maintaining its books of account which has a feature of recording audit trail (edit log) facility and the same has been operated throughout the year for all transactions recorded in the software and the audit trail feature has not been tampered with and the audit trail has been preserved by the Company as per the statutory requirements for record retention.““As proviso to Rule 3(1) of the Companies (Accounts) Rules, 2014 is applicable from April 1, 2023, reporting under Rule 11(g) of the Companies (Audit and Auditors) Rules, 2014 on preservation of audit trail as per the statutory requirements for record retention is not applicable for the financial year ended March 31, 2024.

45. All the values are rounded off to the nearest in Lakhs, except where otherwise indicated. The figures for corresponding previous year have been regrouped / reclassified wherever necessary to make them comparable.