12.2 Terms / Rights attached to Equity Shares :

The company has one class of equity shares having a par value of Rs. 10 per share. Each shareholder is eligible for one vote per share. The dividend if any, proposed by the Board of Directors is subject to the approval of shareholders in the ensuing annual general meeting, except in case of interim dividend. In the event of liquidation, the equity shareholders are eligible to receive the remaining assets of the Company, after distribution of all preferential amounts, in proportion of their shareholding

NATURE AND PURPOSE OF RESERVES:

(I) Securities Premium

Securities Premium Reserve is created on receiving of premium on issue of shares. The reserve can be utilised in accordance with the provisions of the Companies Act, 2013.

(II) Retained Earnings

The same is created out of profits over the years and shall be utilised as per the provisions of the Act.

a. Term Loan Rs. 10.00 lacs from Bank Of Baroda currently outstanding at Rs. Nil (Previous Year Rs. 2.84 lacs) is repayable in 84 equated montly installments Rs. 0.16 lacs each (including interest), Commencing from June 2019 and last installment due in June 2026, however prepayment has been done. Rate of interest Nil (Previous Year 9.20% ) p.a. at the year end. Loan is secured by charge on specific equipment vehicle purchased.

b. Loan from Others amounted Rs. Nil (Previous Year Rs. 113.48 lacs) is taken at the rate of Interest Nil (Previous Year 9.00%) and Rs. Nil (Previous Year Rs. 21.16 lacs) is taken at the rate of Interest Nil (Previous Year 8.00%)

Loan from Others amounted Rs. 19.39 lacs (Previous Year Rs. Nil) taken at the rate of Interest 9.00% (Previous Year Nil) and Rs. 14.10 lacs (Previous Year Rs. Nil) is taken at the rate of Interest 8.00% (Previous Year Nil) is repayable on demand,

Note: 28 - Disclosure required under Section 22 of the micro, Small and Medium Enterprises Development

a. Trade Payables includes Rs. 9.72 lacs (previous year Nil) amounts due to Micro and Small enterprises registered under the Micro, Small and Medium Enterprises Development Act,2006 (MSMED).

Note: 31 - Segment Reporting

(a) The company has only one business segment i.e trading of petroleum products,hence segment reporting as defined in Indian Accounting Standard -108 is not required.

Note: 34 - Financial instruments - Fair values and risk management A. Accounting classification and fair values

The following table shows the carrying amounts and fair values of financial assets and financial liabilities, including their levels in the fair value hierarchy. It does not include fair value information for financial assets and financial liabilities if the carrying amount is a reasonable approximation of fair value.

A substantial portion of the Company's long-term debt has been contracted at floating rates of interest, which are reset at short intervals. Accordingly, the carrying value of such long-term debt approximates fair value.

B. Measurement of fair values

Valuation techniques and significant unobservable inputs :

Fair values are categorised into different levels in a fair value hierarchy based on the inputs used in the valuation techniques as follows:

Level 1: quoted prices (unadjusted) in active markets for identical assets or liabilities.

Level 2: inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either directly (i.e. as prices) or indirectly (i.e. derived from prices).

Level 3: inputs for the asset or liability that are not based on observable market data (unobservable inputs).

Note: 35 - Financial risk management objectives and policies

In its ordinary operations, the companies activities expose it to the various types of risks, which are associated with the financial instruments and markets in which it operates. The company has a risk management policy which covers the foreign exchanges risks and other risks associated with the financial assets and liabilities such as interest rate risks and credit risks. The risk management policy is approved by the board of directors. The following is the summary of the main risks:

a) Market risk

Market risk is the risk that changes in market prices, such as foreign exchange rates (currency risk) and interest rates (interest rate risk), will affect the companies income or value of it's holding of financial instruments. The objective of market risk management is to manage and control market risk exposures within acceptable parameters, while optimising the return.

i) Interest rate risk

Interest rate risk is the risk the the fair value or future cash flow of a financial instrument will fluctuate because of changes in market interest rate. Fair value interest rate risk is the risk of changes in fair value of fixed interest bearing financial instrument because of fluctuations in the interest rates. Cash flow interest rate risk is the risk that the future cash flows of floating interest bearing financial instrument will fluctuate because of fluctuations in the interest rates.

The Company's exposure to the risk of changes in market interest rates relates primarily to the borrowing from banks and others. Currently company is not using any mitigating factor to cover the interest rate risk.

Interest rate sensitivity

The sensitivity analysis below have been determined based on exposure to interest rates for borrowing at the end of the reporting period and the stipulated change taking place at the beginning of the financial year and held constant throughout the reporting period in case of term loans that have floating rates. If the interest rates had been 1% higher or lower and all the other variables were held constant, the effect on Interest expense for the respective financial years and consequent effect on companies profit in that financial year would have been as below:

ii) Foreign currency risk

The Company enters into transactions in currency other than its functional currency and is therefore exposed to foreign currency risk. The Company analyses currency risk as to which balances outstanding in currency other than the functional currency of that Company. The company enters in to derivative financial instrument such foreign currency forward contract and option contracts to mitigate the risk of changes in exchange rate on foreign currency exposure.

Exposure to foreign currency risk

The Company has no foreign currency exposure as at the year end. (Previous Year Nil)

Note: 35 - FI (ii)

(b) Credit Risk

Credit risk is the risk of financial loss to the Company if a customer or counterparty to a financial instrument fails to meet its contractual obligations and arises principally from the Company's receivables from customer. The company establishes an allowance for doubtful debts and impairment that represent its estimate on expected credit loss model.

A. Trade and other receivables

The Company's exposure to credit risk is influenced mainly by the individual characteristics of each customer. The demographics of the customer, including the default risk of the industry has an influence on credit risk assessment. Credit risk is managed through credit approvals, establishing credit limits and continuously monitoring the creditworthiness of customers to which the Company grants credit terms in the normal course of business.

B. Cash and cash equivalents

The Company held cash and cash equivalents amounts to Rs. 20.85 lacs as at March 31, 2025 (Previous Year Rs. 9.49 lacs) with credit worthy banks. The credit worthiness of such banks and financial institutions is evaluated by the management on an ongoing basis and is considered to be good.

C. Investments

The Company does not expect any losses from non-performance by these counter-parties apart from those already given in financials, and does not have any significant concentration of exposures to specific industry sectors or specific country risks.

Note: 35 - FI (iii)

(c) Liquidity risk

Liquidity risk is the risk that the Company will not be able to meet its financial obligations as they become due. The Company has obtained non-fund based working capital line from bank. The company's treasury department is responsible for liquidity, funding as well as settlement management. In addition, process and policies related to such risk are overseen by senior management. Management moniters the company's net liquidity position through rolling forecasts on the basis of expected cash flows.

Note: 36 - Capital Management Capital Management

For the purpose of the Company's capital management, capital includes issued equity capital, securities premium and all other equity reserves attributable to the equity shareholders of the Company. The Company's objective when managing capital is to safeguard its ability to continue as a going concern so that it can continue to provide returns to shareholders and other stake holders.

The Company manages its capital structure and makes adjustments in light of changes in the financial condition and the requirements of the financial covenants. To maintain or adjust the capital structure, the Company may adjust the dividend payment to shareholders, return capital to shareholders (buy back its shares) or issue new shares.

No changes were made in the objectives, policies or processes for managing capital during the year ended 31st March, 2025 and 31st March, 2024.

Definitions:

(a) Earning for available for debt service = Net Profit before exceptional item & taxes Non-cash operating expenses like depreciation and other amortisations Interest other

(b) Debt nervice = In terest & Lease Pa yments Principal Repayments for long term (C) Average inventory = (Opening inventory balance Closing inventory balance)/2

(d) Net credit sales = Net credit sales consist of gross credit sales minus sales return

(e) Average trade receivables = (Opening trade receivables balance Closing trade receivables balance)/2

(f) Net credit purchases = Net credit purchases consist of gross credit purchases minus purchase return

(g) Average trade payables = (Opening trade payables balance Closing trade payables balance)/2

(h) Working capital = Current assets - Current liabilities. (excluding warrant maturity of long term debt, interest accruedon borrowing & liabilities directly associated with assets classified as held for sale).

(i) Earning before interest and taxes = Profit before exeptional items and tax Finance costs

(j) Capital Employed = Tangible networth Total debt Deffered tax liabilities

(k) Return on Investment = Return/Earnings Dividend/Investment

Note: 40

Employee benefits (Ind As 19)

Provisions of Provident Fund Act, Earned leave and Payment of Gratuity Act is not applicable to company hence disclosure under Ind As 19 employee benefits is not required.

Note: 42 - Other Statutory Information

i. The company has not granted Loans or Advances in the nature of loans to promoters, directors, KMPs and the related parties (as defined under Companies Act, 2013,) either severally or jointly with any other person, that are: (a) repayable on demand or (b) without specifying any terms or period of repayment.

ii. The company neither have any Benami property nor any 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.

iii. The company is not declared wilful defaulter by any bank or financial Institution or other lender.

iv. The company does not have any transactions with companies struck off under section 248 of the Companies Act, 2013 or section 560 of Companies Act, 1956.

v. 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

vi. (A) The company has not advanced or loaned or invested funds (either borrowed funds or share premium or any other sources or kind of funds) to any other person(s) or entity(ies), including foreign entities (Intermediaries) with the understanding (whether recorded in writing or otherwise) 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;

(B) 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 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 on behalf of the Ultimate Beneficiaries.

vii. The Company does not have any 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).

viii. The Company has not traded or invested in Crypto currency or Virtual Currency during the financial year.

ix. Company has no working capital limit with any bank or financial institutions.

x. There were no charge pending for registration or satisfaction with ROC during the year under review.

Note: 43

During the currnet financial year, the Company disposed investmet in subsidiary company "Keti Highway Developers Pvt. Ltd." the gain of Rs. 0.99 Lacs arising out of the sale has been disclosed under "Exceptional Item".

Note: 44

Capital advance of Rs. 440.10 lacs (Previous Year Rs. 440.10 lacs ) given to Bank of Baroda for purchase of Land through auction. Due to dispute between bank and the thrid party the possession of land and registry is yet to be executed in favour of the Company.