b. Terms/rights attached to equity shares

The company has only one class of equity shares having a par value of INR 10 per share. Each holder of equity shares is entitled to one vote per share. 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.

a. Vehicle Loans obligations are secured by hypothecation of vehicles taken on lease. The loans are repayable in 60 monthly installments along with interest of 7.40 % p.a. from the date of loan.

b. Term loans were applied for the purpose for which the loans were obtained.

c. The Company has not been declared as a wilful defaulter by any bank or financial institution or other lender in accordance with the guidelines on wilful defaulters issued by the Reserve Bank of India.

d. The Company do not have any changes or satisfaction which is yet to be registered with ROC beyond the statutory period.

U The financial results are prepared In accordance with Iho Accounting Standard!, at appllr abla and guldallnet Issued by the

Securities and Exchange Hoard of India ("SCDI"). As company's operations halted due to restrictions Imposed by the regulators, and seems It will take time to restart the operations, the financial results are prepared based on net realisable value and impact given In profit and loss statement till company receives consents from regulators to start the business again

11 Due to past COVID-19 pandemic, the Company has made assessment of recoverability of the Company's assets such as Trade receivables, loans and advances and Inventories, the Company has considered Internal and external information up to the date of approval of these financial results. Based on the current Indicators of future economic conditions, and as per note 26, the Company do not expects to recover the carrying amount of these assets till start the business again.

Other Impact, if any, remains uncertain and may be different from what we have estimated as of the date of approval of these financial results and the Company will continue to closely monitor any material changes to future economic conditions.

28 Gratuity and other post-employment benefit plans

Company has made provision for payment of gratuity based on actuarial valuation using the Projected Unit Credit method of INR Nil [PYINR 6.19] respectively at the year end.

Contribution, to defined contribution scheme such as Provident Fund Is charged to the profit and loss account as incurred.

31 Details of dues to micro and small enterprises as defined under the MSMED Act, 2006

Based on the information available with the company there are no suppliers who are registered under the Micro, Small and Medium Enterprises Development Act, 2006 as at March 31,2024. Hence, the information as required under the Micro, Small and Medium Enterprises Development Act, 2006 is not disclosed.

34 The Code on Social Security, 2020 ('Code’) has been notified in the Official Gazatte of India on September 29,

2020, which could Impact the contributions of the Company towards certain employment benefits. The effective date from which changes are applicable is yet to be notified and the rules are yet to be framed. Impact, if any, of the change will be assessed and accounted in the period of notification of the relevant provisions.

a The Company hit nol traded or Invested lit Crypla Currency or Virtual Currency during the financial

J* year,

b No proceeding* have been Initialed or are pending again*! the Company for holding any benaml property under the Benaml Transaction* (Prohibition) Act,10118 (45 of 19SB) and rule* made thereunder.

c The Company has not advanced or loaned or Invested fund* to any other person)*) or entity(les), Including foreign entitles (Intermediaries) with the understanding that the Intermediary shall:

I directly or Indirectly lend or Invest In other persons or entitles 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.

_d The Company has not received any fund from any person(s) or entlty(les), 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 entitles identified In any manner whatsoever by or on behalf of the funding party (ultimate beneficiaries) or

i! provide any guarantee, security or the like on behalf of the ultimate beneficiaries.

_e The Company does not have any 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.

f The Company does not have any transactions with companies which are struck off.

g The Company has not entered with any Scheme(s) of arrangement In terms of sections 230 to 237 of

the Companies Act, 2013.

h The Company do not have any subsidiary, so there is no requirement to comply 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.

37 Previous year's figures have been restated wherever necessary to make them comparable with current year's figures.

38 Previous year's figures have been audited by another firm of Chartered Accountants.