NON CONVERATBALE DEBENTURES The company has made an investment of 20,000 Unsecured Redeemable Nonconvertible Debentures of Rs.1000/- each at par of the aggregate nominal of Rs 2,00,00,000/- in Vanchinad Finance Private Limited [NCD0121000023] for a period of 10 years at an interest rate of 15%, pursuant to the powers vested in the company and the Board of Directors as per the provisions of the companies Act, 2013 and the memorandum & Articles of Association of the Company on private placement.

Consequent to the qualification made by the auditor in the audit report of the company in the FY 2022-23,the board has obtained approval by way of a special resolution No.4 dated 10-08- 2023 on the general meeting in order to comply with Sec.186 of the Companies Act 2013.

11.4 TERMS/ RIGHTS ATTACHED TO EQUITY SHARES

_a The Company has only one class of equity share having par value of Rs 10 / per share . Each holder of Equity share is

entitled to one vote per share In the event of liquidation of the company, the holder of equity shares will be entitled to receive remaining assets of the Company after distribution of all preferential amounts. The Distribution will be in proportion to the number of equity share held by the shareholders.