The Company has a single class of equity shares having a par value of H10/- per share. Each holder of equity shares is entitled to one vote per share and is entitled to dividend declared (if any). The paid-up equity shares of the Company rank pari-passu in all respects, including dividend. The dividend 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.
(e) No shares has been bought back during the period of five years immediately preceding the reporting periods.
(f) Pursuant to Shareholders' resolution dated May 24, 2025, the Authorized Share Capital of the Company was increased from H500.00 Lakhs divided into 5,00,000 Equity Shares of H10/- each to H2500.00 Lakhs divided into 2,50,00,000 Equity Shares of H10/- each ranking pari-passu with the existing share capital.
(g) Pursuant to Board resolution dated May 17, 2025, bonus issue of 1,39,99,996 equity shares of face value of H10/- in the ratio 4:1 i.e. four (4) bonus equity shares for every one (1) equity share held by shareholder has been issued.
(h) There are no calls unpaid by the Directors or officers of the company.
(i) During the year, the Company completed its Initial Public Offering (IPO) through a fresh issue of 63,09,600 equity shares of H10 each at a premium of H108, raising H7,445.33 lakhs out of which IPO expenses of H702.97 lakhs were adjusted against the Securities Premium Account. The proceeds have been utilized in line with the stated objects of the issue, with H1,712.09 lakhs and unutilised amount temporarily invested in bank deposits as at March 31,2026.
(a) The cash credit facility as provided by Kotak Mahindra Bank, Bandra, Mumbai is secured by hypothecation of stock and book debts and all plant and machineries of the company and collateral security (Equitable Mortgage) of industrial property with land admeasuring 32887.80 Sq. yds on which building constructed comprising of RCN storage sheds to the extent of 50789 Sq. ft and industrial sheds to the extent of 57920 Sq. ft situated at S.No 11-1,11-2, 13-1 and 13-2, Janakirama Puram village, Rolugunta Mandal, Visakhapatnam, Andhra Pradesh -531114 in the name of the company and also all current and future civil structures, modifications, additions will be deemed to be mortgaged.
(b) The total limit of the cash credit/overdraft facility is H20 Crores attracting an interest rate 8.60% (Repo rate (5.50) SP (3.10)= 8.60%) with reset period of 3 months.
(c) Cash credit/overdraft limit is enhanced from 09.06.2025 (earlier it was H14.85 Crores from bank of Baroda)
(d) The cash credit limit is backed by personal guarantee of Mr. Aayush Jain (Managing Director),Mrs Anjali Jain (Director) and Mr. Pulkit Jain (Additional Director)
(e) Company has taken working capital demand loan (WCDL) from Kotak Mahindra bank of H10 crores.
(f) The Company's Working Capital Demand Loan (WCDL) had a tenure of 3 months and carried an interest rate of 8.40%.
(g) The Company had an overdraft facility with Kotak Mahindra Bank that was secured by a fixed deposit of H12.50 crores held with the Kotak Mahindra bank. Interest on the overdraft was charged at 8.60% (Repo rate (5.50) SP (3.10)= 8.60%) with reset period of 3 months. The overdraft was repaid and the bank's lien on the fixed deposit was discharged during the year.
(h) The bank has extended a treasury limit of H5 crores to the Company which is in addition to the existing sanctioned cash credit and overdraft facilities.
(a) Company is taken loan from PP Softtech Pvt Ltd which is related party covered under section 2(76) of Companies Act, 2013.
(b) During the year, the Company executed an addendum with PP Softtech Pvt. Ltd to renew the term loan originally sanctioned on 20-03-2024, the addendum dated 18-05-2026 with revised the period from 21-03-2026 to 20-03-2027.
(c) Rate of interest 9% p.a simple interest charged on yearly basis"
Note: Cash and cash equivalent comprise of cash at banks, cash/cheques on hand and short term deposits with an original maturity of three months or less, which are subject to an insignificant risk of changes in value. Cash and cash equivalents include balances with banks which are unrestricted for withdrawal and usage.
The Company holds fixed deposit with Kotak Mahindra Bank as follows:-
a). A fixed deposit of H1.00 lakh has a maturity date of 8 March 2027 and bears interest at 6.50% per annum.
b. ) A fixed deposit of H5,099.94 lakhs has a maturity date of 24 December 2026 and bears interest at 6.60% per annum.
c. ) A fixed deposit of H42.60 lakhs has a maturity date of 12 January 2027 and bears interest at 6.25% per annum.
d. ) A fixed deposit of H100.96 lakhs has a maturity period of 92 days and bears interest at 5.25% per annum.
*the Company holds fixed deposit of ?1 lakh under lien of BG facility with Bank of Baroda having interest rate of 5.35% per annum and have maturity date 11-04-2026.