Fresh Equity shares were issued at Rs. 100 each (Face value of Rs. 10 and Security premium of Rs. 90) which were allotted on 22.04.2025.
The company has only one class of equity having a par value Rs.10.00 per share. Each shareholder is eligible for one vote per share held. The dividend proposed by the board of directors is subject to the approval of the shareholder in ensuring Annual General Meeting, except in case of interim dividend. In the event of liquidation, the Equity shareholders are eligible to recieve the remaining assets of the company after distribution of all preferential amounts, in proportion to their shareholding.
(a) Term loan from SIDBI banks secured against P&M acquired/ to be acquired out of the financed amount, FD of Rs. 75 Lakhs, extension of charge on existing FDR amounting Rs. 47 Lakhs & Rs. 38 Lakhs created and P&M acquired under previous Term Loans, and personal guarantee of Mr. Ashish Gulati & Mr. Pardeep Singh. It is repayable in 75 instalments of Rs.3.35 Lakhs each starting from 10.11.2024 and ending on 10.01.2031 and ROI is 8.00%.
(b) Term loan D000AYJ7 from SIDBI banks secured first charge by way of hypothecation of plant, machinery, equipment, tools, spares, accessories, miscellaneous fixed assets and all other moveable assets (save & except Book debts and current assets) acquired/ to be acquired out of the financed amount, extension of charge by way of pledge on existing FDRs amounting to Rs. 38 lakhs, Rs. 47 lakhs & Rs. 75 lakhs, extension of charge by way of hypothecation on all borrower's movables (save and except current assets) including movables, plant, machinery, spares, tools & accessories, office equipments, computers, furniture & fixtures acquired out of earlier assistance, and personal guarantee of Mr. Ashish Gulati & Mr. Pardeep Singh. It is repayable in 54 instalments of Rs.3.51 Lakhs each ending on 10.09.2029 and ROI is 9.10%.
(c) Term loan from SIDBI banks Secured first charge by way of hypothecation of plant, machinery, equipment, tools, spares, accessories, miscellaneous fixed assets and all other moveable assets (save & except Book debts and current assets) acquired/ to be acquired out of the financed amount, FD of Rs. 47 lakh, and personal guarantee of Mr. Ashish Gulati, Mr. Harsh Gulati and Mrs. Usha Gulati. It is repayable in 48 instalments of Rs.3.75 Lakhs each ending on 10.06.2026 and ROI is 6.00%.
(d) Term loanD0004QHE from SIDBI banks Secured first charge by way of hypothecation of plant, machinery, equipment, tools, spares, accessories, miscellaneous fixed assets and all other moveable assets (save & except Book debts and current assets) acquired/ to be acquired out of the financed amount, FD of Rs. 38 lakh, extension of pledge of FDR and hypothecation of entire movables of borrower including Plant, equipment, machinery, spares,miscellenous fixed assets, tools, accessories, furniture & fixtures, computers etc aquired and already charged to earlier assistance and personal guarantee of Mr. Ashish Gulati, Mr. Harsh Gulati and Mrs. Usha Gulati. It is repayable in 54 instalments of Rs.2.35 Lakhs each ending on 10.09.2027 and ROI is 8.60%.
(e) IDFC First Bank Limited a/c 0760 Secured against Property located at: FF 508-509, 5Th floor, JMD Megapolis, Sector 48 Sohna Road Village Tikri, Gurgaon, 122001 with ROI 9.40% and is repayable in 180 instalments IDFC bank of Rs. 2,16,984 /- start from 10.10.2024.
(f) Loan from HDFC bank is secured against Industrial property situated at: Raipur Rani Panchkula, Village Haripur, Tehsil Raipur, Panchkula, Haryana -134114. ROI 8.75% on term loan and personal guarantee of Mr. Ashish Gulati & Mr. Pardeep Singh. Repayment in 120 instalments of Rs.15.57 Lakhs each.
(g) Loan from HDFC bank (Mini Bus) Secured by hypothecation of vehicle financed by the loan and personal guarantee of Mr. Ashish Gulati. ROI 7.76% on term loan. Repayment in 60 instalments of Rs.34660 each. The loan has been fully repaid on 11.06.2025.
* Working capital demand loan from Yes Bank is secured by lien on FD owned by self amounting of Rs. 4 lakhs and personal guarantee of Mr. Ashish Gulati, Mrs. Pooja Singh and Mr. Pardeep Singh. ROI EBLR 4% effective 10.50% on working capital demand loan facility.
*Cash Credit limits from HDFC Bank is secured by first charge on book debts, fixed deposit, stock and commercial property (equitable mortgage). This loan is further secured by personal guarantee of the Mr. Ashish Gulati, Mrs. Pooja Singh and Mr. Pardeep Singh. ROI EBLR 2.25 effective 9.40% on Cash Credit limit repayble on demand.
* Drop down limits from HDFC Bank is secured by first charge on commercial property situated at: Raipur Rani Panchkula, Village Haripur, Tehsil Raipur, Panchkula, Haryana - 134114. This loan is further secured by personal guarantee of Mr. Ashish Gulati & Mr. Pardeep Singh. ROI EBLR 2.25% effective 8.75% on Drop down limit.
k) Segment Reporting
As per guidelines contain in AS-17 (Segment reporting), the company is operating in a single segment mainly in manufacture and sale of drugs & cosmetics. There is no separate reportable segment except geographically secondary segment of export sales and hence not reported seperately. Also, due to the unavailability of separate information for manufacturing and trading-related expenses, these activities are accounted for os one segment.
m) The Company is a Small and Medium Sized Company (SMC) as defined in Rule 2 (e) of Companies (Accounting Standards Rules) 2021. Accordingly, the Company has complied with the Accounting Standards as applicable to a Small and Medium Sized Company (except that Cash flow statement has been prepared as applicable to a Company which is not a Small Company as per the provisions of Section 2(85) of the Companies Act, 2013-where applicable)
n) Listing on BSE SME platform
Astoneo Labs Limited successfully debuted on the BSE SME platform on June 3,2025. As part of its public offering, the company issued 27,90,000 equity shares at a price of 3135 per share, which includes a face value of 310 and a securities premium of 3125 per share. The allotment of shares to eligible subscribers wos completed on May 30, 2025.
This marks a significant milestone in the company's growth journey, aimed at strengthening its capitaI base and enhancing visibility in the public domain.
The post-listing regulatory and compliance formalities are currently in progress, in line with the requirements prescribed by the BSE SME platform and SEBI.
o) As per AS 26: Intangible Assets entity has internally generated a brand for which research was conducted from 01.01.2021 till 31.03.2024. Expense incurred during th research phase has been charged to profit and loss account. Development phase started from 01.04.2024 and will continue till 31.03.2027. Expense incurred during the development phase are and will be be capitalised in the intangible asset. During the year entity has incurred Rs. 4.40 crores which has been capitalised as CWIP which includes borrowing cost of Rs.ll.92 lakh.
p) In the opinion of the management and best of their knowledge and belief the value on realization of loons & advances and other current assets in the ordinary course of business will not be less than the amount at which they are stated in Balance Sheet and provisions for all known liabilities have been made.
q) Inventories, Purchases and Sales figures in Financial statements are exclusive of GST and net of sales returns. The sales and GST/TDS/TCS figures are subject to confirmation and reconciliation with the Statutory returns.
r) About 30% balances as at 31st March 2025 in respect of Sundry Debtors and 20% balances of Creditors are subject to confirmation and reconciliation. Wherever balance confirmation is not available from the parties, the balances as appearing in the books of account hove been confirmed by the management and relied upon. Also these balances ore subject to TDS/TCS reconciliation.
s) Max. loan balance due towards directors at any time during the year is Rs. 561.41 Lakhs (previous year 561.41/-)
t) The financial statement for the year has been prepared by Rounding off to Lakhs in compliance with Schedule III of the Companies Act, 2013.
u) The previous year's figures have been reworked, regrouped, rearranged and reclassified, where-ever deemed necessory, in order to make them comparable with the current year's figures.
v) Lease payments under an operating lease should be recognised os an expense in the statement of prof t and loss on a straight line basis over the lease term unless another systematic basis is more representative of the time pattern of the user's benefit. The information os per AS 19 of ICAI is os under.
Upto 1 year 2 to 5 Years More than 5
Office rent as per agreement 12.34 31.77
w) Fixed deposits lien marked for specific borrowings and fixed deposits for a period exceeding 12 months hove been classified under other non current assets and remaining under cash & cash equivalents.
x) Other statutory information
(i) The Company does not have any Benami property, where any proceeding has been initiated or pending against the Group for holding any Benami property.
(ii) The Company does not have any transactions with companies struck off.
(iii) The company is under process of completing creation and satisfaction of charges to be registered with Registrar of Companies.
(iv) The Company has not traded or invested in Crypto currency or Virtual Currency during the financial year.
(v) The Company has not been declared wilful defaulter by any bank or financial institution or government or any government authority.
(vi) 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.
(vii) 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 Group 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,
(viii) The Company has not entered into 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.
(ix) The provisions of Section 135 relating to Corporate Social Responsibility (CSR) does not apply to company for the year under consideration.
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