Term/ Right attached to the Equity shares
1) The Company has only one class of equity shares having par value of Rs.10/- per share. Each equity shareholder is entitled for one vote per share.
2) During the period of last 5 years, the company has issued 61,40,575 Bonus shares in the ratio of 3.5:1 in F.Y. 2022-23 and has not bought back any shares.
3) Company had issued 13,86,000 no. of Convertible Equity Shares Warrants which is not listed and would get converted within 18 (Eighteen) months from the date of allotment i.e. 24.06.2024. Out of which 3,57,000 no. of Warrants have been converted into 3,57,000 no. of Equity Shares on 22.10.2024 and Balance 10,29,000 no. of Warrants have been converted into 10,29,000 no. of Equity Shares on 10.02.2025.
5(a) Term loan from SIDBI was taken during the financial year 2024-25 and carries interest @ 7.85% p.a. The loan is repayable in 54 equitable monthly instalments along with interest. The loan is secured by hypothecation of assests acquired under the Solar projects of the company on First Charge Basis and Collateral securities as Lien on SIDBI FD of ^ 31.08 Lakhs.
Further, the loan has been guaranteed by the Executive Directors.
The Company has obtained term loan from SIDBI during the financial year 2024-25. As per the Loan Agreement the said Loan was taken for the Purpose of acquisition and installation of roof top solar power plant from Becquer Energy Pvt Ltd (Solar Project). The company has used such borrowings for the purposes as stated in the loan agreement.
5(b) Term loan from Mercedes Benz Financial Services Pvt Ltd was taken during the financial year 2025-26 and carries interest @ 7.43% p.a. The loan is repayable in 25 equitable monthly instalments along with interest. The loan is secured by hypothecation of Vehicles.
8(a) Working Capital loan from HDFC Bank was taken during the financial year 2024-25 and carries interest @ 8% p.a. The loan is repayable on demand. The loan is secured by hypothecation of assests acquired under the company and Collateral securities as Export Receivable, Guarantee, Property.
Further, the loan has been guaranteed by the Executive Directors.
The Company has obtained term loan from SIDBI during the financial year 2024-25. As per the Loan Agreement the said Loan was taken for the Purpose of acquisition and installation of roof top solar power plant from Becquer Energy Pvt Ltd (Solar Project). The company has used such borrowings for the purposes as stated in the loan agreement.
Term loan from Mercedes Benz Financial Services Pvt Ltd was taken during the financial year 2025-26 and carries interest @ 7.43% p.a. The loan is repayable in 25 equitable monthly instalments along with interest. The loan is secured by hypothecation of Vehicles.
Note 33: Details of Benami Property held
As per information and explanation given us by management, no proceedings has been intitated or pending against the Company for holding any Benami property under Benami Transactions (Prohibition) Act, 1988.
Note 34: Wilful Defaulter
As per information and explanation given us by management, Company is not declared as willful defaulter by any Bank or financial Institution or any other lender.
Note 35: Relationship with Struck off Companies under section 248 of the Companies Act, 2013
As per information and explanation given us by management, Company has not inccured any transactions with Companies struck off under section 248 of the Companies Act 2013 or section 560 of Companies Act 1956.
Note 36: Compliance with approved Scheme(s) of Arrangements
There is no scheme of arrangements which has been approved by the Competent Authority in terms of Sections 230 to 237 of the Companies Act, 2013 in respect of the Company.
Note 37: Compliance with number of layers of companies
The company does not have any layer of Companies as prescribed under clause (87) of section 2 of the Act read with the Companies (Restriction on number of Layers) Rules, 2017.
Note 38: Registration of charges or satisfaction with Registrar of Companies
The Company does not have any charges or satisfaction which is yet to be registered with ROC beyond the statutory period.
Note 39: Utilisation of Borrowed Funds
The Company has utilised the borrowings from banks and financial institutions for the specific purpose for which it was taken at the balance sheet date and no default has been made regarding the same.
Note 40: Undisclosed income
As per information and explanation given us by management, Company is not having any transaction which is not recorded in books of accounts of Company which has been surrendered in tax assessments under IncomeTax Act 1961.
Note 41: Details of Corporate Social Responsbility
As per the limits prescribed under section 135 of Companies Act 2013, Corporate Social Responsbility clause is not applicable on the company during current Financial year.
Note 42: Details of Crypto Currency or Virtual Currency
As per information and explanation given us by management, Company has not dealt/traded/invested in the Crypto Currency or Virtual Currency during current Financial year.
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