24 a) The Company's land, building, (other than those which are specifically hypothecate) both present and future have been placed as security under a pari passu charge for the Mortgate Overdraft & Cash credit loans obtained by the Company from the Bank of Baroda . All the said loans have not been repaid in full.
b) The rupee Mortgaged Overdraft / CC loans from Bank of Baroda are secured by first charge on all fixed assets both present and future.
c) The working capital facilities from Bank of Baroda are secured by hypothecation of stock of raw materials, work-in-process, finished goods, stores & spares, bills receivable and book debts. The fixed assets of the Company are provided as collateral security of some of the directors, for which no consideration has been passed to them.
d) The Company has not advanced or loaned to or invested in funds to any other person(s) or entity(is), including foreign entities (Intermediaries) with the understanding that the Intermediary shall:
a directly or indirectly lend to 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
e) The Company has not received any fund from any person(s) or entity(is), including foreign entities (Funding Party) with the understanding (whether recorded in writing or otherwise) that the Company shall
a) directly or indirectly lend to 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.
q The previous year’s figures have been reworked, regrouped, and reclassified wherever necessary. Amounts and other disclosures for the preceding year are included as an integral part
of the current annual financial
g) The Company has not revalued its Property, Plant and Equipment for the current year.
h) There is no Intangible assets & CWIP under development in the current year.
i) Credit and Debit balances of unsecured loans, sundry creditors, sundry Debtors, loans and Advances are subject to confirmation and therefore the effect of the same on profit could not
j) The Company has not traded or invested in Crypto currency or Virtual Currency during the financial year.
No proceeding has been initiated or pending against the Company for holding any Benami property under the Benami Transactions (Prohibition) Act, 1988, as amended, and rules made
k) thereunder.
l) The company has not been declared as willful defaulter by any bank or financial institution or government or government authority.
The Company has not advanced or loaned to or invested in funds to any other person(s) or entity(is), including foreign entities (Intermediaries) with the understanding that the
Intermediary shall:
m)
n) The company does not have transaction with the struck off under section 248 of companies act, 2013 or section 560 of Companies act 1956.
The company is in compliance with the number of layers prescribed under clause (87) of section 2 of company's act read with companies (restriction on number of layers) Rules, 2017.
o)
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25 Contingent Liabilities 1 Contingent Liabilities
|
|
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( Rs in lakhs)
|
| |
Particulars
|
3/31/2024
|
3/31/2023
|
| |
a.
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Fixed Deposit to Bank of Baroda as Differential Colateral Security.
|
55.80
|
55.80
|
| |
|
|
|
|
| |
b.
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Term Loan obtains from SIDBI for Oxide Mill
|
-
|
11.11
|
| |
c.
|
Contingent Liabilities towerds Cases pending before Government Authorities
|
983.62
|
983.62
|
|
26
|
Capacity and Production
|
|
|
|
| |
Particulars
|
UOM
|
3/31/2024
|
3/31/2023
|
| |
Storage Batteries
|
|
|
|
| |
Inatalled Capacity
|
SU's
|
6.00
|
6.00
|
| |
Average Installed Capacity
|
Nos.
|
|
|
| |
Actual Production
|
SU's
|
0.80
|
0.84
|
Note: The Installed Capacity represents the capacity as at March 31, 2024 and Average Installed Capacity represent year weighted average capacity based on expansions carried out during the year. The capacities are as certified by the management.
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