As the Company's business activities fall within a single primary business segment, the disclosure requirements of Accounting Standards (AS)-17 on "Segment Reporting", issued by The Institute of Chartered Accountants of India are not applicable. However, the Company has made sales of Rs.1110.28 Lacs (P.Y Rs.1245.35 Lacs) of Knitwear Division which is shown under Other Operating Income.

The Company is taking the inventories as on 31.03.2024 & 31.03.2023 of its knitwear division based on physical stock taking, as the knitwear division of the company is not maintaining the proper stock registers.

In the opinion of the Board, all the Current Assets, Loans & Advances have a value on realization in the ordinary course of business at least equal to the amount at which they are stated except as expressly stated otherwise.

Expenditure in Foreign Currency - Rs. NIL (Previous Year-Rs. NIL)

Contingent Liabilities- Rs. NIL (Previous Year- Rs. NIL)

During the year, the company has availed working capital facilities from bank on the security of current assets. The company is submitting the monthly return of its current assets with the bank.

On the review of the quarterly returns submitted by the company with the bank, it has been observed that the quantities mentioned in the statements was in agreement with the stock register (except for knitwear division) and the receivables/debtors submitted are generally in agreement with the books of accounts.

The company has not been declared as a wilful defaulter by the bank or other lender in accordance with the guidelines issued by Reserve Bank of India.

No proceedings have been initiated on or pending against the company for holding benami property under the Benami Transactions (Prohibition) Act, 1988 [45 of 1988] and Rules made thereunder.

Corresponding figures of the previous year have been regrouped/rearranged, wherever deemed necessary.