9.2 Terms/Rights attached to Equity Shares

The Company has only one class of equity shares having face 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 holders of the 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 shares held by the shareholders.

9.3 Other details

a) There are No ( Previous year - No) rights, preference and restriction attaching to each class of shares including restruction on the distribution of dividend and the repayment of capital.

b) There are nil number of shares (Previous year Nil) in respect of each class in the company held by its holding company or its ultimate holding company including shares held by or by subsidiary or associates of the holding company or the ultimate holding company in aggregate.

c) There are nil number of shares (Previous year Nil) reserved for issue under option and contracts /commitment for the sale of shares/ disinvetment including the terms and amounts.

e) There are no securities (Previous year No) convertible into Equity/ Preferential Shares.

f) There are no calls unpaid (Previous year No) including calls unpaid by Directors and Officers as on balance sheet date.

G. Details of Benami Property held

No proceedings have been initiated against the company for holding any benami property under the Benami Transactions (Prohibition) Act, 1988 (45 of 1988) and the rules made thereunder.

H. Company has taken borrowings from banks or financial institutions on the basis of security of current assets

Working Capital loans from banks are primarily secured by hypothecation of entire present and future tangible current asset of the company and personally guaranteed by a director of the company.

I. Wilful Defaulter

The company has not been declared wilful defaulter by any bank or financial institution or other lender.

J. Relationship with Struck off Companies

There is no struck off company associated with the company or any of the director of the company.

K. Registration of Charges

All charges, modification, and satisfaction is registered with the Registrar of companies within the statutory period.

L. Compliance with number of layers of companies

The company has complied with the number of layers prescribed under clause (87) of section 2 of the Act read with Companies (Restriction on number of layers) Rules, 2017 and has not exceeded the limit.

M. Compliance with approved scheme(s) of Arrangements

The company has not entered in any arrangement prescribed under 230 to 237 of the Companies Act, 2013

N. Utilisation of Borrowed funds and Share Premium

The company has utilised borrowed funds and share premium only for the purposes for which it were obtained. No diversion of funds is made by the comapany from any fund received from any person(s) or entity(ies) including foreign entity(ies).