D) The rights, preferences and restrictions attached to each class of shares

Equity Shares: The company has one class of equity shares having a par value of Rs.10 each. Each shareholder is eligible for one vote per share held. The dividend proposed (if any) by the Board of Directors is subject to the approval of the shareholders in the ensuing Annual General Meeting, except in case of interim dividend. In the event of liquidation, the equity shareholders are eligible to receive the remaining assets of the Company after distribution of all preferential amounts, in proportion to their shareholding.

E) Details of shares held by its holding company in the Company - NIL

G) Terms and details of shares reserved for issue under options and contracts/commitments - Nil

H) Details of ordinary equity shares issued in immediately preceding five years as on the date of Balance sheet. : Nil

I) Terms if any securities convertible into equity/preferece share in decending order of conversion : Nil

J) Calls issued and unpaid : Nil

K) Paid Up value of Shares forfeited : Nil

5.1 Management has estimated the cost of meeting the warranty obligation regarding micro irrigation systems sold at 0.25% of the sale value. Accordingly every year an amount of 0.25% of sale of materials (total sales minus scrap sale and transport charges recorded in sales bills) is set aside as a provision by debiting the statement of profit and loss. Since the warranty period is 5 years, the provision is carried as a liability over a period of 5 years. Every year 1/5th of the liability diminishes which is debited to the provision and written back to statement of profit and loss. Out of total provision, the amount related to immediately following period of twelve months from the reporting date is identified as short term provision and balance amount is shown as long term provision.

31 Segment Reporting: -

The Company is operating only in one segment i.e. Micro Irrigation Systems. Hence segment reporting is not applicable.

32 Impaired Assets: -

The Board is of the opinion that there is no impairment loss in the Carrying Amounts of all the assets of the company at the Balance Sheet date. Hence during the financial year company has not provided for impairment loss in the carrying amount of assets.

33 Provisions and Contingent Liabilities: -

Provisions involving judgments and estimation in measurement of expenses are recognized when there is a present obligation as a result of past events and it is probable that there will be an outflow of resources.

34 Contingent Liabilities: -

Contingent liability is a possible obligation arising from past events and whose existence will be confirmed only by the occurrence or nonoccurrence of one or more uncertain future events not wholly within the control of the entity or a present obligation that arises from past events but is not recognized because it is not probable that an outflow of resources embodying economic benefits will be required to settle the obligation or the amount of the obligation cannot be measured with sufficient reliability.

35 Relationships with Struck- Off companies

During the year, the Company had no transactions with struck off companies.

36 Recent Accounting Pronouncements

There are no standards of accounting or any addendum thereto, prescribed by Ministry of Corporate Affairs under section 133 of the Companies Act, 2013, which are issued and not effective as at March 31, 2024.

38 Books reconciliation with Statement sumbited to bank

The quarterly returns or statements of current assets filed by the Company with banks or financial institutions are in agreement with the books of accounts

39 Other Statutory Information

_a) The Company and its Subsidiaries does not have any Benami property, where any proceeding has bee initiated or pending against the Company and its Subsidiaries for holding any Benami property.

b) The Company and its Subsidiaries has not traded or invested in Crypto Currency or Virtual Currency during the financial year/period.

c) The Company and its Subsidiaries does not have any charges or satisfaction which is yet to be registered with ROC beyond the statutory period.

The Company and its Subsidiaries does not have any such transaction which is not recorded in the books of accounts that has been surrendered or

d) disclosed as income during the period/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).

. The Company has not been declared a willful defaulter by any bank or other lender (as defined under the Companies Act, 2013), in accordance

e)

with the guidelines on willful defaulters.

f) The Company has used the borrowings from banks and financial institutions for the specific purpose for which it was taken.

g) ^{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.