Terms / rights attached to shares equity shares

The Company has only one class of equity shares having a par value of Re.1 per share. Each holder of equity shares Is entitled to one vote per share. The Company declares and pays dividends in Indian rupees. The dividend proposed by the Board of Directors is subject to the approval of shareholders in the ensuing Annual General Meeting. 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. However, no such preferential amounts exist currently. The distribution will be in proportion to the number of equity shares held by the shareholders.

1 Term loan from BOB of Rs. 4979.45 (previous year Rs. 5792.99) are secured by first pari-passu Equitable Mortgage of Land & Building & hypothecation of Entire Fixed assets including Plant & Machinery etc (except Land & Building of MBD unit) (existing / future) (other than machines exclusively charged to SBI and vehicles loans from other lenders and leased assets) and second pari-passu charge on entire current assets of the company under consortium arrangements with PNB, SBI & Yes bank Ltd. Further these are collaterally secured by first parri passu charge on Land & Building of MBD unit with other consortium lenders for their term loan lenders and working capital lenders). These are further secured by personal guarantee of Shri IC Agarwal, Shri Kailash Chandra Agarwal & Shri Himanshu Agarwal.These loans are repayble in equal quarterly installment started from December 2022 and will end in June 2030.

2 Term loan from SBI of Rs. 3052.91 (previous year 3817.92) are secured by first pari-passu Equitable Mortgage of Land & Building & hypothecation of Entire Fixed assets including Plant & Machinery etc, (except Land & Building of MBD unit) (existing / future) (other than machines exclusively charged to SBI and vehicles loans from other lenders and leased assets) and second pari-passu charge on entire current assets of the company under consortium arrangements with PNB, SBI & Yes bank Ltd, Further these are collaterally secured by first parri passu charge on Land & Building of MBD unit with other consortium lenders for their term loan lenders and working capital lenders),These are further secured by personal guarantee of Shri IC Agarwal, Shri Kailash Chandra Agarwal & Shri Himanshu Agarwal, These loans are repayble in equal monthly/quarterly installment started from January 2022 and will end in June 2030,

3 Term loan from PNB of Rs. 2037.15 (previous year Rs. 2400.46) are secured by first pari-passu Equitable Mortgage of Land & Building & hypothecation of Entire Fixed assets including Plant & Machinery etc, (except Land & Building of MBD unit) (existing / future) (other than machines exclusively charged to SBI and vehicles loans from other lenders and leased assets) and second pari-passu charge on entire current assets of the company under consortium arrangements with PNB, SBI & Yes bank Ltd, Further these are collaterally secured by first parri passu charge on Land & Building of MBD unit with other consortium lenders for their term loan lenders and working capital lenders) These are further secured by personal guarantee of Shri IC Agarwal, Shri Kailash Chandra Agarwal & Shri Himanshu Agarwal, These loans are repayble in equal quarterly installment started from December 2022 and will end in June 2030,

4 Term loan from Yes Bank Limited of Rs. 1981.59 (previous year Rs. 2340.05) are secured by first pari-passu Equitable Mortgage of Land & Building & hypothecation of Entire Fixed assets including Plant & Machinery etc, (except Land & Building of MBD unit) (existing / future) (other than machines exclusively charged to SBI and vehicles loans from other lenders and leased assets) and second pari-passu charge on entire current assets of the company under consortium arrangements with PNB, SBI & Yes bank Ltd, Further these are collaterally secured by first parri passu charge on Land & Building of MBD unit with other consortium lenders for their term loan lenders and working capital lenders), These are further secured by personal guarantee of Shri IC Agarwal, Shri Kailash Chandra Agarwal & Shri Himanshu Agarwal, These loans are repayble in equal quarterly installment starting from December 2022 and will end in June 2030,

5 Term loan from SBI of Rs. 649.55 (previous year Nil) are secured by exclusive first charge on the New TG set (9MW) installed at moradabad unit, This loan is further secured by personal guarantee of Shri IC Agarwal, Shri Kailash Chandra Agarwal & Shri Himanshu Agarwal, This loan is repayble in monthly installment started from october 2023 and will end in November 2030,

6 Term loan from Piramal Enterprises Limited of Rs, 3982,16 (previous year Rs, NIL) are secured by pledge of 1,40 crores equity shares of the company held by promoter directors and 32 lakhs equity shares of Genus Power & Infrastructure Ltd held by Promoter director, These are further secured by personal guarantee of Shri Kailash Chandra Agarwal & Shri Himanshu Agarwal, This loan is repayble in quarterly installment starting from March 2024 and will end in December 2027,

7 Term loan from Axis Finance Limited of Rs. Nil (previous year Rs. 2400.00) were secured by first pari-passu Equitable Mortgage of Land & Building & hypothecation of Entire Fixed assets including Plant & Machinery etc, (existing / future) (except machines exclusively charged to SBI and vehicles loans from other lenders and leased assets) and second pari-passu charge on entire current assets of the company under consortium arrangements with BOB, SBI & PNB & Yes bank Ltd, The entire debt was repaid and pledged shares of the company were released (which were pledged pending perfection of security), These were further secured by personal guarantee of Shri IC Agarwal, Shri Kailash Chandra Agarwal & Shri Himanshu Agarwal, These loans were repayble in equal quarterly installment starting from December 2023 and will end in September 2029,

8 Term loan from Aditya Birla Finance Limited of Rs, 1000,00 (previous year Rs, 2000,00) are secured by pledge of NIL (Previous year 25 Lakhs shares held by Promotor Director) equity shares of Genus Power Infrastructures Ltd This loan is repayble in annual installment starting from september 2024 and will end in september 2026,

9 Term loan of Rs, NIL from HDFC Bank, (previous year Rs, 1,83) are secured by hypothecation of Motor Cars,

10 Term loan of Rs, NIL from Punjab National Bank (previous year Rs, 8,70) are secured by hypothecation of Motor Cars,

11 Term loan of Rs, 64,15 from Indusind Bank (previous year Rs, 96,40) are secured by hypothecation of Fire Tandor, Forklift, Tractor & Loader,

12 Term loan of Rs, 14,52 from Gulshan Mercantile Urban Co-Opr, Bank Ltd, (previous year Rs, 19,73 ) are secured by hypothecation of Motor Vehicles & Tractor,

13 Term loan of Rs, 18,95 from ICICI Bank Ltd, (previous year Rs, 26,74) are secured by hypothecation of Loader & Motor car,

14 Term loan of Rs, 54,30 from The Federal Bank Ltd, (previous year Rs, 75,79) are secured by hypothecation of Motor Car,

15 Working Capital Loan from SBI Rs. 2624.56 (previous Year Rs. 2997.79) are secured by first pari-passu charge by way of hypothecation of entire current assets ( present & future ) including all stocks & receivables and second pari-passu charge on entire fixed assets of the Company. These are further collaterally secured by first pari passu charge on the Land & Building of Moradabad unit with Term Lenders and working capital Lenders under consortium arrangements with BOB, Yes Bank Ltd, & Axis bank Ltd, These are further secured by personal guarantee of Shri IC Agarwal, Shri Kailash Chandra Agarwal & Shri Himanshu Agarwal,

16 Working Capital Loan from BOB Rs. 2378.41 (previous Year Rs. 2260.16) are secured by first pari-passu charge by way of

hypothecation of entire current assets ( present & future ) including all stocks & receivables and second pari-passu charge on

entire fixed assets of the Company. These are further collaterally secured by first pari passu charge on the Land & Building of Moradabad unit with Term Lenders and working capital Lenders under consortium arrangements with SBI, Yes Bank Ltd & Axis Bank Ltd.These are further secured by personal guarantee of Shri IC Agarwal, Shri Kailash Chandra Agarwal & Shri Himanshu Agarwal,

17 Working Capital Loan from Yes Bank Rs. 100.89 (previous Year Rs. 102.14) are secured by by first pari-passu charge by way of

hypothecation of entire current assets ( present & future ) including all stocks & receivables and second pari-passu charge on

entire fixed assets of the Company These are further collaterally secured by first pari passu charge on the Land & Building of Moradabad unit with Term Lenders and working capital Lenders under consortium arrangements with BOB, SBI, & Axis Bank Ltd, These are further secured by personal guarantee of Shri IC Agarwal, Shri Kailash Chandra Agarwal & Shri Himanshu Agarwal,

18 Working Capital Loan from Axis Bank Ltd. Rs. 818.22 (previous Year Rs. 305.18) are secured by first pari-passu charge by way of hypothecation of entire current assets ( present & future ) including all stocks & receivables and second pari-passu charge on entire fixed assets of the Company These are further collaterally secured by first pari passu charge on the Land & Building of Moradabad unit with Term Lenders and working capital Lenders under consortium arrangements with BOB, SBI & Yes Bank Ltd, These are further secured by personal guarantee of Shri IC Agarwal, Shri Kailash Chandra Agarwal & Shri Himanshu Agarwal,

Disclosures related to defined benefit plan

The Company has a defined benefit gratuity plan and governed by Payment of Gratuity Act, 1972. Every employee who has completed five years or more of service gets a gratuity on departure at 15 days last drawn salary for each completed year of service. The following tables summarise net benefit expenses recognised in the statement of profit and loss, the status of funding and the amount recognised in the Balance sheet for the gratuity plan:

Hedging Activities and Derivatives

The Company uses foreign currency denominated borrowings and foreign exchange forward contracts to manage some of its transaction exposures. The foreign exchange forward contracts are not designated as cash flow hedges and are entered into for periods consistent with foreign currency exposure of the underlying transactions, generally from one week to twelve months.

Description of significant unobservable inputs to valuation

Since the assumption is not taken by the valuer while valuing investment for some of the companies which have a material impact on valuation of investment, hence sensitivity analysis has not been given.

40 Financial risk management objectives and policies Financial Risk Management Framework

The Company is exposed primarily to Credit Risk, Liquidity Risk and Market risk . The Company has a risk management policy and its management is supported by a risk management committee that advices on risk and appropriate financial risk governance framework for the Company. The risk management committee provides assurance to the Company's management that the risk activities are governed by appropriate policies and procedures and that risks are identified, measured and managed in accordance with the Company's policies and risk objectives. Risk assessment and management policies and processes are reviewed regularly to reflect changes in market conditions and the Company's activities. The Board of Directors and the Audit Committee are responsible for overseeing Company's financial risk assessment and management policies and processes.

Credit Risk

Credit risk is the risk that counterparty will not meet its obligations under a financial instrument or customer contract, leading to a financial loss. The Company is exposed to credit risk from its operating activities (primarily trade receivables and loans to companies).

Exposure to credit risk:

The Company's exposure to credit risk is influenced mainly by the individual characteristics of each customer and the carrying amount of financial assets represents the maximum credit exposure. The maximum exposure to credit risk was Rs. 5856.34 lakhs, (March 31,2023: Rs. 6944.84 lakhs), being the total of the carrying amount of balances with trade receivables and loans to companies.

Liquidity Risk

"Liquidity risk refers to the risk that the Company cannot meet its financial obligations. The Company manages liquidity risk by maintaining adequate reserves, banking facilities and reserve borrowing facilities, by continuously monitoring forecast and actual cash flows, and by matching the maturity profiles of financial assets and liabilities.

The table below summarises the maturity profile of the Company's financial liabilities based on contractual undiscounted payments:"

Market Risk

Market risk is the risk that the fair value or future cash flows of a financial instrument will fluctuate because of changes in market prices. Such changes in the values of financial instruments may result from changes in the foreign currency exchange rates, interest rates, credit, liquidity and other market changes. The Company's exposure to market risk is primarily on account of foreign currency exchange rate risk.

Interest rate risk

Interest rate risk is the risk that the fair value or future cash flows of a financial instrument will fluctuate because of change in market interest rates. The borrowings of the Company are fixed rates and therefore the Company is not exposed significantly to the interest rate risk.

Foreign Currency exchange rate risk

The fluctuation in foreign currency exchange rates may have potential impact on the statement of profit or loss and other comprehensive income and equity, where any transaction references more than one currency or where assets / liabilities are denominated in a currency other than the functional currency of the respective entities.The risks primarily relate to fluctuations in US Dollar, Japanese Yen , SGD and Euro against the functional currency of the Company. The Company, as per its risk management policy, uses derivative instruments primarily to hedge foreign currency payable. The Company evaluates the impact of foreign exchange rate fluctuations by assessing its exposure to exchange rate risks. It hedges a part of these risks by using derivative financial instruments in line with its risk management policies.

48 The company has been sanctioned working capital limits in excess of five crore rupees, in aggregate, from banks or financial institutions on the basis of security of current assets. The quarterly returns or statements filed by the company with such banks or financial institutions are in aggregate with the books of account of the company and there Is no material difference,

49 Significant accounting judgements, estimates and assumptions

The preparation of the Company's separate financial statements requires management to make judgements, estimates and assumptions that affect the reported amounts of revenues, expenses, assets and liabilities, and the accompanying disclosures, and the disclosure of contingent liabilities, Uncertainty about these assumptions and estimates could result in outcomes that require a material adjustment to the carrying amount of assets or liabilities affected in future periods. There are no significant areas involving a high degree of judgement or complexity. Estimates and assumptions

The key assumptions concerning the future and other key sources of estimation uncertainty at the reporting date, that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year, are described below. The Company based its assumptions and estimates on parameters available when the financial statements were prepared. Existing circumstances and assumptions about future developments, however, may change due to market changes or circumstances arising that are beyond the control of the Company. Such changes are reflected in the assumptions when they occur.

Defined benefit plans (gratuity benefits)

The cost of the defined benefit gratuity plan and other post-employment medical benefits and the present value of the gratuity obligation are determined using actuarial valuations, An actuarial valuation involves making various assumptions that may differ from actual developments in the future, These include the determination of the discount rate, future salary increases and mortality rates, Due to the complexities involved in the valuation and its long-term nature, a defined benefit obligation is highly sensitive to changes in these assumptions, All assumptions are reviewed at each reporting date,

The parameter most subject to change is the discount rate, In determining the appropriate discount rate for plans operated in India, the management considers the interest rates of government bonds,

The mortality rate is based on publicly available mortality tables, Those mortality tables tend to change only at interval in response to demographic changes. Future salary increases are based on expected future inflation. Further details about gratuity obligations are given in Note 36(2).

50 Capital Management

For the purpose of the Company's capital management, capital includes issued equity capital and all other equity reserves attributable to the equity holders, The primary objective of the Company's capital management is to maximise the shareholder value and keep the debt equity ratio within acceptable range, The Company manages its capital structure and makes adjustments in light of changes in economic conditions and the requirements of the financial covenants. To maintain or adjust the capital structure, the Company may adjust the dividend payment to shareholders, return capital to shareholders and issue new shares,

54 Maintenance & operating effectiveness of Audit Trail feature

The company has used accounting software for maintaining its books of accounts which has a feature of recording audit trail (edit log) facility and same has operated throughout the year for all relevant transactions recorded in the software. Further no instances of the audit trail feature being tempered with was noted.

55 Additional Disclosure on account of amandment in schedule III of the Companies Act, 2013

⁽ⁱ⁾ The Company does not have any Benami property, where any proceeding has been Initiated or pending against the Group for holding any Benami Property under Benami Transactions (Prohibition) act,1988.

⁽ⁱⁱ⁾ The Company has not been declared wilful defaulter by any bank or financial institution or government or any government authority in accordance with the guidelines on wilful defaulters issued by the RBI.

⁽ⁱⁱⁱ⁾ The Company does not have any transactions with companies struck off under section 248 of the Companies act, 2013

^(iv) The Company does not have any charges or satisfaction which is yet to be registered with ROC beyond the statutory period.

^(v) The Company has not advanced or loaned or Invested funds to any other person(s) or entity (ies), including foreign entities (Intermediaries) with the understanding that the Intermediary shall:

(a) directly or indirectly lend or invest in other persons or entities Identified in any manner whatsoever by or on behalf of the company (Ultimate Beneficiaries) or

(b) provide any guarantee, security or the like to or on behalf of the Ultimate Beneficiaries

^(vi) The Company has not received any fund from any person(s) or entity(ies), including foreign entities (Funding Party) with the understanding (whether recorded in writing or otherwise) that the Group shall:

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

(b) provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries

^(vii) The Company has not any such transaction which is not recorded in the books of accounts that has been surrendered or disclosed as income during the year in the tax assessments under the Income Tax Act, 1961 (such as, search or survey or any other relevant provisions of the Income Tax Act, 1961.

(viii) The Company is covered under section 135 of the Companies act, 2013. The required disclosure details of Corporate Social Responsibility is as under:

57 The previous year's figures have been reworked, regrouped, rearranged and reclassified wherever necessary. Amounts and other disclosures for the preceding year are included as an integral part of the current year financial statements and are to be read in relation to the amounts and other disclosures relating to the current year.