B Terms and Rights attached to equity shares

The Company has only one class of equity shares having a par value of ' 10/- per share. Each holder of equity shares is entitled to one vote per share. The Company declares and pays dividend in Indian rupees only in proportion to the paid up value of the equity shares.

The dividend if any proposed by the Board of Directors is subject to the approval of the shareholders in the ensuing Annual General Meeting.

In the event of liquidation of the Company, the holders of 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.

15.1 The Below Term Loans are secured by the assets created through the respective loans, incuding immovable assets of the company situated at Fatehpur Roshnai, Dist Akbarpur, Gajner Road; at D-19 and D-20, Site I Panki Industrial Area, Kanpur and at A1-A2, Site 5 (Udyog Kunj), Panki Industrial Area, Kanpur

a Term Loans from State Bank Of India in INR , Balance Outstanding is ' 4,775.18 Lakhs (Loan O/s for CPP ' 3,596.63 Lakhs is shown under "Liabilities classified as held for sale"), (Previous Year ' 6,081.08 Lakhs).

b Term Loans from HDFC Bank Ltd. INR , Balance Outstanding is ' 301.10 Lakhs, (Previous Year ' 686.94 Lakhs)

c Term Loans from AXIS Bank Ltd. INR , Balance Outstanding is ' 2,842.31 Lakhs (Loan O/s for CPP ' 1,820.96 Lakhs is shown under "Liabilities classified as held for sale"), (Previous Year ' 3,777.05 Lakhs)

15.2 Vehicle Financed from HDFC Bank Ltd. INR , Balance Outstanding is ' 53.78 Lakhs, (Previous Year ' 3.08 Lakhs)

15.3 Vehicle Financed from State Bank Of India INR , Balance Outstanding is ' 27.63 Lakhs (Previous Year ' NIL Lakhs)

15.4 Vehicle Financed from Mercedes Financial services INR , Balance Outstanding is ' 90 Lakhs (Previous Year ' NIL Lakhs)

15.5 The above Term Loans have been guaranteed (Personal) by Chairman Cum Managing Director and Deputy Managing Director.

15.6 Vehicle Finance under Hire purchase is Secured by Hypothecation of Vehicles of the company and are repayable over a period of 5 Years.

The installments due in the succeeding twelve months in respect of the above loans have been classified under Current Liabilities in Note No.18, as 'Current Maturities of Debts'.

18.1 It includes Bill Purchase Account of ' 2,404.04 Lacs. (Previous Year ' 1,883.56 Lakhs)

18.2 Working Capital Loans from State Bank of India in INR in Cash Credit (Hypo) , Export Packing Credit & Cash Credit(Book Debts) , SBI COVID Loan , Balance Outstanding 8,244.99 ('in Lacs) (previous year ('in Lacs) 8,786.50).

18.3 Working Capital Loans from HDFC Bank Limited in INR in Cash Credit (Hypo) , Export Packing Credit, Balance Outstanding ('in Lakhs) ' 358.63 (previous year ('in Lakhs) ' 398.86).

18.4 Working Capital Loans From AXIS Bank Limited in INR in Cash Credit (Hypo) , Export Packing Credit, Balance Outstanding ('in Lakhs) ' 409.05 (previous year ('in Lakhs) '286.82).

18.5 Working Capital Loans in INR from State Bank of India in Cash Credit Limits under E-DFS Scheme , Balance Outstanding of (' in Lakhs) ' 379.48 (previous year (' in Lakhs) 507.46) Consignment Stockist (IOCL) Division.

The above working capital limits (total sanctioned limit ' 150 Cr.) is under a consortium arrangement, with State Bank of India being the lead bank. The loans are secured by hypothecation of stocks of Raw Materials, Goods in Process, Finished Goods, Spares, Book Debts, Export Documents etc.. The immovable properties of the company are held as collateral security by the Consortium.

The above Working Capital Loans have been guaranteed (Personal) by Chairman Cum Managing Director and Deputy Managing Director.

NOTE - 30 DIVIDEND

The Company recognizes a liability to make payment of dividend to owners of equity when the distribution is authorized and is no longer at the discretion of the Company and is declared by the shareholders . A corresponding amount is recognised directly in equity.

The dividends paid in the years reported in these financial statements are duly disclosed in the Statement of changes in Equity of the year in which payment has been made, irrespective of the year in which the same were proposed.

Dividends declared by the Company are based on the profit available for distribution. The Board of Directors of the Company have proposed a final dividend of ' 0.90/- per share in respect of the year ended March 31, 2025. The proposal is subject to the approval of shareholders at the Annual General Meeting, and if approved, would result in a cash outflow of approximately ' 209.04 Lacs.

NOTE 31 SEGMENT REPORTING

The segment reporting of the Company has been prepared in accordance with Ind AS-108, "Operating Segment" (specified under section 133 of the Companies Act, 2013, read with Rule 7 of Companies (Accounts) Rules, 2015). For management purposes, the company is organized into business segment based on its products and services and has three reportable segments as follows:

a) Operating Segments

Plastic Division : Domestic and Export sale of manufactured and traded plastic products

Consignmnet Stockiest : Consignment Stockiest for Indian Oil Corporation Ltd.

Solar Power Division : Generation and supply of power. The same is consumed by the company in its

manufacturing operations.

CPP Division : Domestic and Export sale of manufactured Cast polypropolene Films (CPP)

NOTE 35 CORPORATE SOCIAL RESPONSIBILITY EXPENSES

Pursuant to the requirement of Section 135 of the Companies Act, 2013, CSR committee has been Formed by the Company. The primary function of the CSR Committee is to assist the Board of Directors in formulating a CSR Policy and review the implementation and progress of the same from time to time. The CSR Policy focuses on providing medical facilities to the under-priviliged and also development and improvement of community areas designated by the Local authorities. The aim is to better the standards of living for the community as a whole.

During the financial year ended 31^st March, 2025 the company did not fulfil the monetary thresh-holds as specified u/s 135 of the Companies Act, 2013 and thus did not have any obligation as reagrds CSR spending. However the company continues to make CSR expenditure voluntary basis.

NOTE NO.38 GOVERNMENT GRANTS

The details of Government Grants recognised in these Financial Statements are as under:

The company received Capital subsidy of ' 514.06 Lakhs and Interest subsidy of ' 200.71 Lakhs during the year.

The Subsidy received is in respect of the investment and expansion made by the company in setting up of its factory unit at Gajner Road, Kanpur.

NOTE NO.39

Company has not defaulted on any loans and has not been declared wilful defaulter by any bank or financial institution or other lender.

NOTE NO.40

Relationship with Struck off Companies- The company did not undertake any transactions with companies struck off under section 248 of the Companies Act, 2013 or section 560 of the Companies Act, 1956.

NOTE NO.41

Registration of charges or satisfaction with Registrar of Companies- All charges or satisfaction have been registered with Registrar of Companies.

NOTE NO.42

The company has not advanced or loaned or invested funds (either borrowed funds or share premium or any other sources or kind of funds) to any other person or entity, including foreign entities (Intermediaries) with the understanding (whether recorded in writing or otherwise) that the Intermediary shall:

(i) 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

(ii) provide any guarantee, security or the like to or on behalf of the Ultimate Beneficiaries;

NOTE NO.43

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:

(i) 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

(ii) provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries NOTE NO.44

There are no "discontinuing operations" during the current reporting period by the Company.

NOTE NO.45

The title deeds of all the immovable properties (except leasehold properties) are in the name of the Company.

NOTE NO.46

The Company does not hold any Benami property and no proceedings have been initiated or are pending against the Company for holding any benami property under the Benami Transactions (Prohibition) Act, 1988 (45 of 1988) and rules made thereunder.

NOTE NO.47

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.

NOTE NO.48

The company has not made surrender or disclosure of any additional income in the course of tax assessments under the Income Tax Act, 1961, during the year.

a) No reversal of any impairment losses were recognised.

b) In view of the company's policy of assessing its assets/Cash generating units for any impairment losses, the company has identified impairment loss of ' 42.85 Lacs in respect of its investment in its subsidiary viz. KANPLAS DO BRAZIL. The company has accordingly provided for the said loss during the previous year.

The Board of Directors passed a resolution on 11/03/2025 For undertaking disposal of specified plant and machinery of the CPP Unit of the Company. The company entered into a contract on 11/03/2025 for sale of said plant and machinery for ' 5,023.50 Lacs .

The carrying value of the plant and machinery on the date of its classification as 'held for sale' was ' 6,185.42 Lacs .

The difference between the carrying value (' 6,185.42 Lacs) and net realisable value (' 5,023.50 Lacs), being impairment loss amounting to '1,161.93 Lacs has been recognised in the Statement of Profit and Loss under 'Exceptional items'-.

The company has also received a conditional NOC from State Bank of India on 21/04/2025 for disposal of the Plant and machinery.