LIQUIDITY RISK : -

Liquidity risk is the risk that the Company will encounter difficulty in meeting the obligations associated with its financial liabilities that are settled by delivering cash or another financial asset. The Company's approach is to ensure, as far as possible, that it will have sufficient liquidity to meet its liabilities when due.

The Company relies on a mix of borrowings, and excess operating cash flows to meet its needs for funds. The current committed lines of credit are sufficient to meet its short to medium term expansion needs. The Company monitors rolling forecasts of its liquidity requirements to ensure it has sufficient cash to meet operational needs while maintaining sufficient headroom on its undrawn committed borrowings facilities at all times so that the Company does not breach borrowing limits or covenants (where applicable) on any of its borrowing facilities.

EMPLOYEE BENEFITS : -

Employee benefits include provident fund, employee state insurance scheme, gratuity fund and compensated absences.

The table below provides details regarding Trade payables ageing schedule as at 31st March 2024

There are no material dues owed by the Company to Micro and Small enterprises, which are outstanding for more than 45 days during the year and as at 31st March, 2024. This information as required under the Micro, Small and Medium Enterprises Development Act, 2006 has been determined to the extent such parties have been identified on the basis of information available with the Company and has been relied upon by the auditors.

xxi) The company has used the borrowings from bank and financial institution for the specific purpose for which it was taken at the balance sheet date.

xxii) In the opinion of the board assets (other than property, plant & equipment, intingible assets and not current investments) do have a value on realisation in the ordinery course of business at least equil to the amount at which are they are stated as at 31/03/2024.

xxiii) The company has not revalued its Property, Plant and Equipment (including Right of Use assets) or intangible assets or both during the year.

xxiv) The title deeds of all the immovable properties disclosed in the financial statements are held in the name of the company.

xxv) The company does not have any CWIP.

xxvi) The company does not have any intangible assets.

xxvii) No proceedings have been initiated or are pending against the company for holding any benami property under the Benami Transactions (Prohibition) Act, 1988.

xxviii) The company has borrowings on the basis of security of current assets and quarterely returns or statement filed with the bank are in agreement with the books.

xxix) The company is not declared wilful defaulter by any bank or financial institution or other lender.

xxx) The company has not made any transaction with any company which is struck off by the Registrar of Companies.

xxxi) No Charges/Satisfactions are pending to be registered with Registrar of Companies beyond the statutory period.

xxxii) The company has not proposed any scheme of arrangements in terms of Sections 230 to 237 of the Companies Act, 2013.

xxxiii) The company does not have layers of subsidiary or subsidiaries as provided u/s 2(87) of the Act read with Companies (Restriction on number of layers) Rules, 2017.

xxxiv) The company has not entered into any intermediary transaction with any entity on behalf of ultimate beneficiaries.

xxxv) The company has no transactions which are not recorded in the books of accounts, have been surrendered or disclosed as income during the year in the tax assessments under the Income Tax Act, 1961.

xxxvi) The company is not covered u/s. 135 of the Companies Act, 2013 as regard to CSR activities.

xxxvii) The company has not traded or invested in crypto currency or virtual currency during the financial year.

(2) NOTES ON ACCOUNTS : -

1 Balances of debtors and creditors are subject to confirmation.

2 Prior year amounts have been regrouped / reclassified wherever necessary, to conform to the presentation in the current year.

3 Amounts in the Balance Sheet and Profit & Loss Account are rounded off to the nearest rupees.