2.3 The Company has only one class of share referred to as Equity Shares having a par value of Rs.10/- each.
Each holder of Equity Shares is entitled to one vote per share. Dividend on such shares is payable in
proportion to the paid up amount. Dividend (if any) recommended by board of directors (other than interim
dividend) is subject to approval of the shareholders in the ensuing Annual General Meeting.
In the event of winding up of the company, the holder of Equity Shares will be entitled to receive any of the
remaining assets of the company after all preferential amounts and external liabilities are paid in full.
However, no such preferential amount exists currently. The distribution of such remaining assets will be on
the basis of number of Equity Shares held and the amount paid up on such shares.
(a) Accounting Policy
Final dividend on shares are recorded as a liability on the date of approval by the shareholders and interim
dividends are recorded as a liability on the date of declaration by the Group's Board of Directors. The Group
declares and pays dividend in Indian rupees in accordance with its dividend distribution policy. Group's are
now required to pay/distribute dividend after deducting applicable taxes. The remittance of dividends outside
India is governed by Indian law on foreign exchange and is also subject to withholding tax at applicable rates
4.1 Nature of Security:
Term Loan from banks are secured by First Charge on Pari Passu basis on Mortgage of Building,
Hypothecation of Plant & Machineries and Second Charge on Pari Passu basis on all the Current Assets of the
Company and guaranteed by Directors. Vehicle and Construction Equipment Loans from banks and other
parties are secured by hypothecation of the vehicle and Construction Equipment.
*FD in Bank of Baroda is lien towards NBFC (Tata Capital Limited)
The quarterly returns or statements filed by the Company for working capital limits with such banks and
financial institutions are in agreement with the books of account of the Company except for statements filed
for quarters mentioned below, where differences were noted between the amount as per books of account
for respective quarters and amount as reported in the quarterly statements.
Note 31 : Additional regulatory disclosures as per Schedule III of Companies Act.
2013
I. The Company have immovable properties. However , all the Title deeds are in the name of comapny only.
Hence disclosure for Title deeds
of the immovable properties (other than properties where the Company is the lessee and the lease
agreements are duly executed in favour
of the lessee) are held in the name of the Company is not applicable to the Company.
II. The Company does not have any investment property.
III. As per the Company's accounting policy, Property, Plant and Equipment and intangible assets are carried
at historical cost (less
accumulated depreciation & impairment, if any), hence the revaluation related disclosures required as per
Additional Regulatory Information
of Schedule III (revised) to the Companies Act, is not applicable.
IV. The Company has not granted Loans or Advances in the nature of loan to any promoters, Directors, KMPs
and the related parties (As per
Companies Act, 2013) , which are repayable on demand or without specifying any terms or period of
repayments.
V. No proceedings have been initiated or pending against the Company for holding any Benami property
under the Benami Transactions
(Prohibition) Act, 1988 (45 of 1988) and the rules made thereunder.
VI. The Company has adhered to debt repayment and interest service obligations on time. Wilful defaulter
related disclosures required as per
Additional Regulatory Information of Schedule III (revised) to the Companies Act, is not applicable.
VII. There are no transactions with the Companies whose name are struck off under Section 248 of The
Companies Act, 2013 or Section 560
of the Companies Act, 1956 during the year ended 31st March 2024.
VIII. All applicable cases where registration of charges or satisfaction is required to be filed with Registrar of
Companies have been filed. No
registration or satisfaction is pending at the year ended 31st March 2024.
IX. The Company has complied with the number of layers prescribed under clause (87) of Section 2 of the
Companies Act, 2013 read with
Companies (Restriction on number of Layers) Rules, 2017.
X. No scheme of arrangement has been approved by the competent authority in terms of Section 230 to 237
of the Companies Act, 2013.
XI. 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 beneficiary.
XII. The Company have 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
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
XIII. The Company has not operated in any crypto currency or Virtual Currency transactions
XIV. During the year the Company has not disclosed or surrendered, any income other than the income
recognised in the books of accounts
in the tax assessments under Income Tax Act, 1961
Note 33 :
The Income-Tax authorities (‘the department’) had conducted search activity during the month of November
2024 at some of the premises, plants and residences of few of the employees of the Company. The Company
extended full cooperation to the Income-tax officials during the search and provided required details,
clarifications, and documents. As on the date of issuance of these financial statements, the Company has not
received any written communication from the department regarding the outcome of the search, therefore,
the consequent impact on the financial statements, if any, is not ascertainable. The Management, after
considering all available records and facts known to it, is of the view that there is no material adverse impact
on the financial position of the Company and no material adjustments are required to these financial
statements for the half and year ended 31 March 2025 in this regard.
Note 34 : FIGURES FOR THE PREVIOUS YEAR
Figures for the previous year have been regrouped/ reclassified whenever necessary to make it comparable
with the current year's figures.
As per our report of even date attached For and on behalf of the Board
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