Other Non-Operating Income under the head Other Income of Note 22 includes Rs. 40.88 Lacs (Previous Year Rs. 5.68 Lacs)- related to Exchange Fluctuation.

The Directors have recommended the payment of dividend of Rs 0.75 per fully paid up equity shares (Previous year -Rs 0.50 per fully paid up equity shares) .The proposed dividend is subject to the approval of shareholders in the ensuing annual general meeting..

There are no Micro, Small and Medium Enterprises, to whom the Company owes dues, which are outstanding for more than 45 days as at 31st March,2024. This information as required to be disclosed under the Micro, Small and Medium Enterprises Develoment Act, 2006 has been determined to the extent such parties have been identified on the basis of information available with the Company.

These assumptions were developed by management with the assistance of Independent actuarial appraisers. Discount factors determined close to each year-end by reference to government bonds of relevant economic markets and that have terms to approximating to the terms of the related obligation. Other assumptions are based on management’s historical experience

Liquidity Risk:-

The Company objective is to all times maintain optimum level of liquidity to meet its cash and colleteral requirement at all times. The Company relies on Borrowing and internal accruals to meet its need for fund.

The current lines of credit are suffcient to meet its short to medium term expansion needs and hence evaluates the concentration of risk with respect to liquidity as low.

Interest Rate Risk

Interest rate exposure of the Company is on borrowing from banks which is linked to prime lending rate of bank and the Company does not for see any risk on the same. of the Company’s borrowing to interest rate changes at the end of the reporting follows: Unsecured loans were taken on fixed rate of interest.

Credit Risk

The Company is exposed to credit risk from its operating activities, primarily trade receivables. The Company extends credit to distributors in normal course of business and evaluates the concentration of risk with respect to trade receivable as low

Segment Reporting:-

The Company is mainly engaged in manufacturing and sale of Vinyl Flooring, PVC Sheeting and Artificial leather clothes. From the Operations of the Company, it is considered as a single business products and accordingly segment reporting on business segment is not required. The Company has identified its geographical segments based in the areas in which the customers of the company are located. However, it is not feasible to maintain the accounts on the basis of geographical segments. Hence, segment reporting on geographical segments is not prepared.

During the year the company transferred Rs 4,11,273/-relating to unpaid dividend for the FY 2015-16 to “Investor’s’ Education Protection Fund”.

Figures of previous year have been regrouped, reclassified, and/or rearranged wherever necessary to confirm with current year’s presentation.