Note 9b - Terms and rights attached to Equity Shares

The Company has only one class of Equity Shares having a par value of ?10/- per share, with an issued, subscribed, and paid-up capital of 61,00,000 equity shares totaling ' 6,10,00,000. Each holder of equity shares is entitled to one vote per share, as per Section 47 of the Companies Act, 2013. For FY 2024-25, no dividend was proposed by the Board of Directors, as confirmed in the Directors' Report.

In the event of liquidation, the holders of Equity Shares will be entitled to receive the remaining assets of the Company after distribution of all preferential amounts, in proportion to the number of equity shares held, per Section 48 of the Companies Act, 2013. The Company maintains an audit trail for all accounting software transactions related to share capital, per Rule 11(g), Companies (Audit and Auditors) Rules, 2014, effective FY 2024-25, ensuring accuracy of records (MCA notification, 2025).

(ii) 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 assets. The Company’s approach to manage liquidity is to have sufficient liquidity to meet it’s liabilties when they are due, under both normal and stressed circumstances, without incurring unacceptable losses or risking damage to the Company’s reputation.

21. Segment Reporting

The Company is engaged in the manufacture of Specialty Chemicals, which in the context of Ind AS 108- Operating segment specifed under section 133 of the Companies Act, 2013 is considered as a single business segment of the company.

22. FIRE INCIDENT

A fire incident occurred on January 9, 2024, at the Company's Vasai, Palghar, Maharashtra plant, causing temporary operational disruption. The resulting loss was recognized in FY 2023-24 per Ind AS 10 (Events after the Reporting Period), with no further financial impact in FY 2024-25.

An insurance claim was filed on January 10, 2024, and remains under process as of March 31,2025, with the surveyor's verification ongoing and required documents (e.g., photographs, Factory Inspector's report) submitted. No insurance recovery is recognized in FY 2024-25, as the outcome is not virtually certain, per Ind AS 37.

23. Additional Disclosures

Additional information and disclosures as required under Schedule III to the act to the extent applicable to the company has been disclosed.

i. The Company does not have any Benami property, where any proceeding has been initiated or pending against the Company for holding any Benami property.

ii. The Company does not have any transactions with companies struck off.

iii. The Company does not have any charges or satisfaction which is yet to be registered with Registrar of Companies beyond the statutory period.

iv. The Company has not traded or invested in Crypto currency or Virtual Currency during the year ended March 31,2024.

v. The Company has not advanced or loaned or invested funds to any other person(s) or entity(ies), including foreign entities (Intermediaries) with the understanding that the Intermediary shall: (a) directly or indirectly lend or invest in other persons or entities identified in any manner whatsoever by or on behalf of the company (Ultimate Beneficiaries) or (b) provide any guarantee, security or the like to or on behalf of the Ultimate Beneficiaries.

vi. The Company has not received any fund from any person(s) or entity(ies), including foreign entities (Funding Party) with the understanding (whether recorded in writing or otherwise) that the Company shall: (a) directly or indirectly lend or invest in other persons or entities identified in any manner whatsoever by or on behalf of the Funding Party (Ultimate Beneficiaries) or (b) provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries.

vii. The Company has no such transaction which is not recorded in the books of accounts that has been surrendered or disclosed as income during the year in the tax assessments under the Income Tax Act, 1961 (such as, search or survey or any other relevant provisions of the Income Tax Act, 1961).

viii. The Company has not been declared wilful defaulter by any bank or financial institution or government or any government authority.

24. The company has evaluated the option permitted under section 115BAA of the Income Tax Act, 1961 (the "Act") as introduced by the Taxation Laws (Ammendment) Ordinance, 2019. Accordingly, the Company has presently decided to continue with the existing tax structure.

25. The previous year figures have been regrouped, reallocated or reclassified wherever necessary to confirm to current year classification and presentation.