1. Term/Right attached to the Equity share

The company has only one class of Equity Share having a par value of Rs. 10/- per share. Each shareholder is eligible for one vote per share held. The dividend proposed by the Board of Directors is subject to the approval of the shareholders in the ensuring 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.

2. Bonus Share

During the year the company has issued 91,71,000 fully paid up Equity Shares of face value Rs. 10/- each as bonus shares by capitalisation of reserves in ratio of 9:2 shares.

Secured

Conditions of Term Loans are summarised below:

Nature of Security

1. Security - First pari passu charge on all fixed assets (present & future) including equitable mortage of factory land and building of the company. Second parri passu charge on all the current assets of company both present & future. The loans are further secured by personal guarantee and equitable mortage of personal assets of D.P.Mangal and Anand Mangal. Vehicle loan are secured against respective vechile.

2. Term loans are further secured by personal guarantee & equitable mortgage of personal assets of Shubh Mangal and corporate guarntee of M/s Lagnam Infotech Soluations Private Limited.

Terms of Repayment of Secured Borrowing

3. Secured term loans from bank are repayable in quartely installment and having floating interest rate ranging from Base Rate/MCLR spread ranging from 0.85% to 1.70% as on 31.03.2018 (P.Y. 2.10 % to 2.65 % as on 31.03.2017) and vehclie loans are repayable in monthly installments and having fixed interest rate 9.40. Period of maturity and installments outstanding are as under-

Conditions of Working Capital Loan are summarised below:

Security - Hypothecation of stocks, book debts and other current assets of the company and second charge on fixed assets of the company on pari passu basis. Further Personal Guarantee and collateral security of equitable mortgage of land of D.P.Mangal,Anand Mangal and Shubh Mangal and corporate guarnteee of M/s Lagnam Infotech Solutions Private Limited is given.

Floating Rate - Carrying floating interest rate of Base rate/ MCLR 0.45 to 0.50% as on 31.03.2018

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, 2018. This information as required to be diclosed under the Microsmall and medium enterprises development Act, 2006 has been determined to the extent such parties have been identified on the basis of informtion available with the Company.

There is no amount of Un-paid dividend, due for payment to the Investor education and Protection Fund under Section 125 of the Companies Act, 2013 as at the year end.

3. In the opinion of the management, the value in realization of current assets, loans & advances in the ordinary course of business would not be less than the amount at which they are stated in the balance sheet and provision for all known liabilities have been made.

4. The company hedges it export realization through foreign exchange derivative & hedge contract in the normal course of business so as to reduce the risk of exchange fluctuations. No foreign exchange derivatives & hedge contract are taken/used for trading or speculation purpose. No unhedge forward contract are outstanding as on 31.03.2018.

5. Related party disclosure in accordance with the accounting standard 18 issued by the ICAI is given below :

i. Enterprises that directly or indirectly through one or more intermediaries, control or are controlled by or are under common control with the reporting enterprises (this includes holding companies, subsidiaries and fellow subsidiaries).

None

ii. Associate & Joint Venture - None

iii. Individuals owning directly or indirectly, on interest in the voting power of the reporting enterprises that gives them control or significant influence over the enterprise, and relatives of any such individual.

None

iv. Key management personnel and their relatives Key Managerial Personnel

a. Shri D. P. Mangal

b. Shri Anand Mangal Relatives of KMP

c. Shri Shubh Mangal

d. Smt. Veena Mangal

e. Smt. Kavita Mangal

v. Enterprises over which any person described in (i) or (iv) is also to exercise significant influence

6. Earning Per Share

The basic and diluted earnings per share have been calculated as per AS-20 by dividing net profit for the year attributable to equity shareholder by the weighted average number of equity share as under:

7. Previous year figures regrouped and rearranged wherever found necessary to make those comparable the same with current year.

8. Additional information pursuant to Part II of Schedule III of the Companies Act, 2013, to the extent applicable: