2.1 The Company has only one class of shares referred to as Equity Shares having a face value of Rs. 10/- each. All equity shares carry one vote per share without restriction and are entitled to dividend, as and when declared. All shares are ranked equally with regard to company's residual assets.

2.2 The Board of Directors of the Company in its meeting held on 21st November 2023, had approved the proposal for Buy Back of 13,00,000 Equity Shares of the Company for an amount of Rs.130 Lakhs through the tender offer route. Pursuant to the above, the Company had bought back its 13,00,000 fully paid-up equity shares, representing 5% of the total issued capital and extinguished those Equity Shares on 11th December 2023. Consequently, Paid up Share Capital of the company has been reduced by Rs.130 Lakhs.

2.3 The company has not bought back any equity shares during the last five financial years.

28.11 Inventories of Raw Material includes 7810.12 MT (Previous year: 7065.92 MT) amounting Rs.1488.07 Lakhs (Previous year Rs. 2025.95 Lakhs) lying with port authorities at Haldia.

28.12 The company uses foreign currency forward contracts to hedge its risks associated with foreign currency transactions. The company does not use forward contracts for speculative purposes. There is one (previous year: one) of outstanding short-term forward exchange contracts entered into by the Company on account of payables including forecast payables amounting to US$ 13.65 Lakhs (Previous year: US$ 6.00 Lakhs) equivalent to Rs. 1135.00 Lakhs (previous year Rs. 495.54 Lakhs). As at Balance Sheet date, the Company has net foreign currency exposure of US$ 13.42 Lakhs (Previous year US$ 73.17 Lakhs) equivalent to Rs. 1121.81 Lakhs (Previous year Rs. 6013.97 Lakhs), which are not hedged by derivative instruments.

28.13 The gross amount required to be spent by the company on corporate social responsibility (CSR) activities under Section 135 of the Companies Act, 2013 for the year ended 31st March 2024 is Rs.10.46 Lakhs (Previous Year: Rs. 8.79 Lakhs). The Company has spent Rs. 11.73 Lakhs on Corporate Social Responsibility activities during the year (Previous year: Rs.9.13 Lakhs).

28.14 Employee Benefit Plans

Defined benefit plans

The Present Value of obligation is determined based on actuarial valuation using the Projected Unit Credit Method, which recognizes each period of service as giving rise to additional unit of employee benefit entitlement and measures each unit separately to build up the financial obligations.

The discount rates are based upon the market yields available on Government bonds at the reporting date with a term that matches that of the liabilities and the salary increase taking into account inflation, seniority, promotion and other relevant factors.

28.24 The company is engaged in manufacture and sale of Calcined Petroleum Coke which constitutes single business

segment during the period. Considering the nature of company's business and operations, there are no separate reportable segments (business and/or geographical) in accordance with the requirements of AS -17.

28.25 Lease

a) Reconciliation of Minimum Lease Payments at the balance sheet date and their present value:

b) The Company has no contingent rent to be recognized as an expense in the statement of profit and loss for the period and has not sub-leased any property.

28.26 Subsequent Event

a) In subsequent year the equity shares of the company, listed and admitted to the dealing on the SME (Small and Medium Enterprises) Platform of National Stock Exchange ("NSE") on 2nd July 2024. The company has completed Offer for Sale (OFS) by the selling shareholders through public offer of 66,17,600 equity shares for Rs 11316.10 Lakh and the company has not received any amount out of the proceeds of OFS.

b) Based on the evaluation, the Company is not aware of any other subsequent events or transactions, that would require recognition or disclosure in the financial statements.

28.27 Additional regulatory information

a) The Company does not have any Benami Property and no proceedings have been initiated or is pending against the Company for holding any Benami property under the Benami Transactions(Prohibition) Act,1988.

b) The Company has not been declared a wilful defaulter by any bank or financial institution or any other lender.authority.

c) The Company has no transactions with companies struck off under Sec.248 of the Companies Act, 2013 or Sec.560 of the Companies Act, 1956.

d) The Company does not have any charges or satisfaction yet to be registered with ROC beyond the statutory period.

e) The company has complied with the number of layers prescribed under clause (87) of section 2 of the Act read with Companies (Restriction on number of Layers) Rules, 2017.

f) The Company has not traded or invested in Crypto currency or Virtual Currency during current or previous year.

g) The Company does not have any such transactions 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).

h) There are no immovable properties where the title deeds are not held in the name of the Company (other than properties where the company is the lessee and the lease agreements are duly executed in favour of the company, if any).

i) The Company has been regular in filling quarterly returns or statements of current assets with banks and those are generally in agreement with the books of accounts.

j) There are no loans or advances in the nature of loans granted to promoters, directors, KMPs and related parties, either severally or jointly with another person, that are (i) repayable on demand or (ii) without specifying any terms or period of repayment.

k) The Company has not advanced, loaned or invested funds with any other person(s) or entity(ies), including foreign entities (Intermediaries) with the understanding that the Intermediary shall (i) 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 (ii) provide any guarantee, security or the like to or on behalf of the Ultimate Beneficiaries.

l) The Company has not received any funds from any person(s) or entity(ies), including foreign entities with the understanding (whether recorded in writing or otherwise) that the Company shall (i) 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 (ii) provide any guarantee, security or the like to or on behalf of the Ultimate Beneficiaries.

28.28 The company has not revalued any Property, Plant and Equipment during the year or previous year.

28.29 In opinion of the management, all the assets other than fixed assets and non-current investments have a value on realisation in the ordinary course of business otherwise stated, at least equal to the amount at which they are stated.

28.30 Certain debit and credit balances lying in the accounts are subject to confirmation thereof.

28.31 The current reporting period is 01.04.2023 to 31.03.2024 (Previous reporting period is 01.04.2022 to 31.03.2023).

28.32 The Previous year figures are rearranged/regrouped/recasted wherever necessary to conform to this year's

classification.