18(iii) The company has issued and subscribed equity shares having par value of Rs. 10 per share. Each shareholder is eligible for one vote per share. The company pays and declares dividend in rupees. in the event of liquidation, the equity shareholders are eligible to receive the remaining assets of the company, after distribution of all preferential amounts, in proportion of their shareholding.

The Board of Directors have proposed final dividend of Rs. 5.50/- per equity share for the financial year 2023-24, which are subject to approval at the Annual General Meeting, hence not recognised as liability as at 31st March, 2024.

19 (v) Capital reserve (19(i)) includes capital subsidy 8.44 lakhs (previous year 8.44 lakhs) and share forfeiture amount 1.81 lakhs (previous year 1.81 lakhs). capital redemption reserve (19(ii)) is related to redemption of 10% redeemable preference shares.

43 The Company has not made any contribution to any political party during the

current financial year as well as in the previous financial year.

44 Undisclosed Income

There is no such transaction which is not recorded in the books of accounts.

45 Details of Crypto Currency or Virtual Currency

Company has not traded or invested in crypto currency or virtual currency during the financial year.

46 Disclosure in Respect of Related Parties Pursuant to Indian AS 24 (As Certified by Management)

46d Company does not have holding, associate and joint venture. hence the requirement of disclose the name of the parent company, holding and ultimate controlling party are not required.

46e Company does not provide any termination benefits and share-based payment in the financial year 2023-24. (previous year: Nil)

47 ADDITIONAL REGULATORY INFORMATION

47.1 There is no such immovable properties which is not held in the name of the company.

47.2 There is no investment property in the company. Hence fair value of investment property is not required to valuate by a registered valuer as defined under rule 2 of companies (registered valuers and valuation) rules, 2017.

47.3 The company has not revaluted its property, plant and equipment (including right-of-use assets) during the reporting period.

47.4 The company has not revaluted its intangible assets during the reporting period.

47.5 There is no loans or advances in the nature of loans are granted to promoters, directors, KMPS and the related parties (as defined under companies act, 2013), either severally orjointly with any other person.

47.6 There is a balance of Rs.21.86 lakh under capital work in progress of Building shed & Plant & Machinery at the end of Financial Year.

Capital-Work-in Progress (CWIP)

Intangible Assets under Development aging schedule as on 31st March, 2023: Rs. Nil.

47.8 There is no such benami property held by the company and also there is no proceeding has been initiated or pending against the company for holding any benami property. under the benami transactions (prohibition) act, 1988 (45 of 1988) and rules made there under.

47.9 There is no borrowings from banks or financial institutions on the basis of security of current assets. However company has lien marked on fixed deposits having validity of more than 1 years which is created for advance against supply of fluid couplings and performance of fluid couplings during the tenure of guarantee.

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

47.11 The company does not have any transaction with companies struck off under section 248 of the companies act, 2013 or section 560 of companies act, 1956, during the current year and in the previous year.

47.12 There are 2 (two) charges for charge id no. 90205616 and 90204976 reflecting in the index of charges at the portal of MCA. however, the loan amount was repaid and satisfied long back the company is trying to get the charge satisfied, however the company could not find whereabout the charge holders, therefore the filing of form CHG-4 with the digital signature of the charge holder could not be uploaded, however the management trying to find suitable way to file the same and comply with the requirement of law.

* Total purchase includes purchase of raw material, stores & spares and other expenses ** Capital employed includes tangible net worth and deferred tax liability

47.14 No scheme of arrangements has been formulated by the company during the year under review in terms of sections 230 to 237 of the companies act, 2013.

47.15 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(s) or entity(ies), including foreign entities. 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).

48. Previous year figures have been regrouped and/or rearranged wherever considered necessary.

49. FINANCIAL RISK MANAGEMENT OBJECTIVES AND POLICIES:

The Company's principal financial liabilities comprise of trade payables. The Company has various financial assets such as trade receivables and cash and short-term deposits, which arise directly from its operations. The Company is exposed to market risk, credit risk and liquidity risk.

The Company's Board of Directors oversees the management of these risks. The Company's Board of Directors is supported by an Audit Committee that advises on financial risks and the appropriate financial risk governance framework for the Company. The Audit Committee provides assurance to the Company's Board of Directors that the Company's financial risk activities are governed by appropriate policies and procedures and that financial risks are identified, measured and managed in accordance with the Company's policies and risk objectives.

A. MARKET RISK :

Market risk is the risk of any loss in future earnings, in realizable fair values or in future cash flows that may result from a change in the price of a financial instrument. The value of a financial instrument may change as a result of changes in the interest rates, foreign currency exchange rates, liquidity and other market changes. Future specific market movements cannot be normally predicted with reasonable accuracy.

B. CREDIT RISK :

Credit risk is the risk of financial loss arising from counter party failure to repay or service debt according to the contractual terms or obligations. Credit risk encompasses both the direct risk of default and the risk of deterioration of credit worthiness as well as concentration risks. Financial instruments that are subject to concentrations of credit risk, principally consist of trade receivables.

None of the financial instruments of the Company result in material concentrations of credit risks. The carrying amount of financial assets represents the maximum credit exposure. The maximum exposure to credit risk was1858.67 lakhs as at 31 March 2024 and 1664.16lakhs as at 31 March 2023, being the total of the carrying amount of trade receivables and current investments.

Customer credit risk is managed by the Company subject to the Company's established policy, procedures and control relating to customer credit risk management. Outstanding customer receivables are regularly monitored.

Credit risk from balances with banks and investment of surplus funds in mutual funds is managed by the Company's finance department.

C. LIQUIDITY RISK :

Liquidity risk refers to the risk that the Company cannot meet its financial obligations. The objective of liquidity risk management is to maintain sufficient liquidity and ensure that funds are available for use as per requirements. The Company invests its surplus funds in bank fixed deposit and mutual funds, which carry no/low mark to market risks.

D. BORROWING RISK :

Borrowing risk is the risk associated with borrowed capital. The Company has policy to borrow fund from banks or other financial institutions to meet its financial obligation time to time. Borrowed money may be in form of secured (charge create on Company's assets) or unsecured.

Mainly risk associated with the borrowed fund is change in interest rate by RBI time to time. The risk is reviewed regularly by the Audit Committee of the Company.

The balance of borrowing fund from bank in the financial year ended 31st March, 2024 was Nil and also in previous financial year ended 31st March, 2023 was Rs. Nil.