(d) The Company has a single class of equity shares having par value of ' 10/- per equity share. All shares rank pari passu with refrence to all rights relating thereto. The dividend proposed, if any, by the Board of Directors is subject to the approval of the 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 the preferential amounts, in proportions to their shareholding.

Facilities from ICICI Bank: The Bank Facilities of ' 3780.00 Lacs sanctioned by ICICI Bank effectively consist of Cash Credit of ' 1500.00 Lacs (with restriction of Drawing Power upto ' 100.00 Lacs only and LC Sub Limit of ' 1400.00 Lacs), separate LC Limits and Sub Limits of ' 1998.00 Lacs, LC Backed Pre Acceptance Bill Discounting of ' 100.00 Lacs and Derivatives of ' 182.00 Lacs which are secured by First Pari Passu Charge on the Current Assets and Movable Fixed Assets of the Company as well as exclusive charge on certain Fixed Deposits of the Company. The facilities are further secured by the Personal Guarantee of the Managing Director of the Company. The Applicable Rate of Interest for Cash Credit Facilities is Repo Rate 6.50% Spread of 4% effective interest rate is 10.50%. Since the year end balance in the Cash Credit Account was a debit amount, the same has been presented under the head of 'Balances lying with Bank in Current Accounts.

The Company has additionally obtained Letter of Credit Facilities amounting to ' 5227.00 Lacs and SBLC for Buyers Credit, which is a sublimit of the Letter of Credit, from ICICI Bank. These facilities are backed by Fixed Deposit Receipts totalling ' 5490.00 Lacs.

During the year Company availed Overdraft facility of ' 1000.00 Lacs from the ICICI Bank Limited which inter-alia includes the facilities of Letter of Credit and SLBC for Buyers credit as its sub limit. These facilities are secured by Liquid Funds/Debt Mutual Funds as acceptable to ICICI Bank with LTV of 80% to 95% depending upon the funds as acceptable to ICICI Bank with additional 10% margin in case of Foreign Currency limits. Applicable Rate of Interest is 9.10%.

Facilities from HDFC Bank: The Company has also availed Bank Facilities of ' 2000.00 Lacs from HDFC Bank Limited which inter-alia includes the facilities of Cash Credit of ' 200.00 Lacs with LC, Bank Guarantee and Buyer's Credit as sub-limits and LC limits of ' 1800.00 Lacs with Buyers Credit (SBLC) and Bank Guarantee as its sub-limit. These facilities are secured by way of First pari-passu charge on entire current assets along with First pari-passu charge on entire movable fixed assets of the Company. Applicable Rate of Interest is 9.78%. Since the year end balance in the Cash Credit Account with HDFC Bank was a debit amount, the same has been presented under the head of 'Balances lying with Bank in Current Accounts.

Sundry Creditors are as per books and have not been corroborated by circulation/confirmation of balances.

Disclosures required under Micro, Small and Medium Enterprises Development Act, 2006

Trade Payables includes ' 18.19 Lacs (PY ' 14.02 Lacs) outstanding to Micro and Small Enterprises. The above information has been compiled in respect of parties to the extent they could be identified as Micro and Small Enterprises on the basis of information available with the Company regarding the status of registration of such vendors under the said Act, as per the intimation received from them on requests made by the Company.

The Company deals with various Micro and Small Enterprises on mutually accepted terms and conditions. Accordingly, no interest is payable if the terms are adhered to by the Company. Consequently, no interest has been paid or is due and no provision for interest payable to such units is required or has been made under Micro, Small and Medium Enterprises Development Act, 2006.

Margin Money Deposits are Fixed deposits kept with banks as collateral against the LC facilities availed by the Company. As such the Margin Money Deposits are usually auto-renewed on maturity since they are a security against banking facilities. However, since their duration is a period of one-year only, they have been presented under Current Assets. Further, the Margin Money Deposits and Fixed Deposits amount shown above includes interest accrued on the principal amount after last annual auto-renewal/maturity.

24. The Company has used the borrowings from Banks and Financials Institutions for the specific purpose for which it was taken at the Balance Sheet Date.

25. In the opinion of the Board, all assets which are considered good (other than Property Plant and Equipments and NonCurrent Investments) are expected to realised at least the amount at which they are stated, if realised in the ordinary course of business. Further in the opinion of the Board, provision for all known liabilities has been adequately made in the accounts and as per management experience and estimates, no additional provisions are required.

27. ADDITIONAL REGULATORY INFORMATION:

I. There are no immovable properties (other than properties where the Company is a lessee and the lease agreements are duly executed in favour of the lessee) whose title deeds are not held in the name of the Company.

II. The Company has not revalued its Property, Plant and Equipment during the period.

III. The Company has not granted any Loans or Advances in the nature of loans to Promoters, Directors, KMPs and Related Parties either severally or jointly with other persons that are repayable on demand or without specifying any terms or period of repayment.

V. The Company did not have and Intangible Assets under Development as at the end of the year.

VI. No proceedings have been initiated or are pending against the Company for holding any benami property under the Benami Transactions (Prohibition) Act, 1988 (45 of 1988) and the Rules made thereunder

VII. The Company has never been declared as a Wilful Defaulter by any bank or financial institution or other lender.

VIII. The Company has been sanctioned Fund Based Working Capital Limits wherein usage is restricted to ' 300 Lacs which are inter-alia against security of current assets. The Company has filed the Statements of Current Assets on monthly basis.

On comparing the amounts appearing in the Statements filed at the end of each Quarter as against those appearing in the books there were some differences in the amounts shown as Book Debts.

The quarterly statements are submitted based on unaudited data as at each quarter end. As against the same, the amounts appearing in the above table as per books are the final audited numbers. Hence, some discrepancies may arise.

In case of Book Debts, the differences are not major and these differences are primarily on account of adjustment of advances and TDS in the Customers' account,.

In the case of inventory, the differences are due to the classification of inventories. When submitting the statement to the bank, some WIP items were incorrectly included in Finished Goods and vice versa, causing discrepancies. These were rectified during the audit.

As such, none of the differences had any impact on the drawing power vis-a-vis the available limits and utilisation at the end of those quarters.

IX. The Company has not entered into any transactions with Struck-off Companies.

X. There are no charges or satisfaction yet to be registered with Registrar of Companies beyond the statutory period or otherwise.

XI. The Company has not made any downstream investments in any other Companies

XII. There was no Scheme of Arrangements during the year

XIII. 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 directly or indirectly lend or invest in other person or entities identified in any manner whatsoever by or on behalf of the company (Ultimate Beneficiaries) or provide any guarantee, security or the like to or on behalf of the Ultimate Beneficiaries

XIV. 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 directly or indirectly lend or invest in other person or entities identified in any manner whatsoever by or on behalf of the funding party (Ultimate Beneficiaries) or provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries.

42. POST EMPLOYMENT BENEFITS

Provident Fund dues amounting to ' 35.91 Lacs (p.y ' 27.93 Lacs)paid during the year being defined contributions have been charged to the Statement of Profit and Loss.

Leave Encashment, though a defined benefit obligation, falls under short-term compensated absences in terms of the policy of the Company. The value of obligation towards entitlement of employees accumulating earned leave and eligibility of compensation or encashment of the same is determined on the basis of the expected amount required to be paid as a result of actual unused entitlement standing to the credit of the employees as at end of the year based on current salary standards. Accordingly a sum of ' 15.23 Lacs (P.y. ' 16.34 Lacs) has been determined as obligation as at the year end and charged to the Statement of Profit and Loss.

The Company has a defined benefit gratuity plan. Every employee who has completed five or more years of service is eligible for gratuity @ 15 days salary (last drawn) for every completed year of service with a overall ceiling of ' 20.00 Lacs. The Company has taken a Group Gratuity cum Life Insurance Policy from the Life Insurance Corporation of India (a qualifying policy) and makes annual contributions to create a fund to meet this defined benefit gratuity obligation.

44. BORROWING COSTS

No Borrowing Costs were eligible for capitalization during the year.

45. SEGMENT REPORTING

With respect to Accounting Standard-17, the Management of the Company is of the view that the products offered by the Company are in the nature of Transformer Laminations, Cores and its related products, having the same risks and returns, same type and class of customers and regulatory environment. Hence, the business of production of Lamination and its related products belong to one business segment only.

The EPS for year ended, March 31, 2023 has been adjusted on account of bonus issue made during the year ended March 31,2024, as required by AS 20 Earnings per share.

50. IMPAIRMENT OF ASSETS

In absence of any indications, external or internal, as to any probable impairment of assets, no provision has been made for the same during the year under report, in accordance with the requirement of Accounting Standard - 28 on "Impairment of Assets".

51. CRYPTO CURRENCY/VIRTUAL CURRENCY

The Company has not traded or invested in Crypto Currency or Virtual Currency during the Financial Year.

52. NO UNDISCLOSED INCOME

There are no transactions which are not recorded in books and have been surrendered or disclosed as income during the year in Income Tax Assessments.

53. INITIAL PUBLIC OFFER (IPO)

The Company filed a Draft Red Herring Prospectus on 31^st January, 2024 for its proposed Initial Public Offer (IPO) on the MSME Platform of NSE. The approval of the same was received from NSE in May, 2024 and subsequently the Company completed its Initial Public Offer (IPO) of 100% fresh issue of 64,80,000 equity shares of Face Value of ' 10 each at issued at a price of ' 147 per share aggregating to ' 9525.60 lacs. The IPO was fully subscribed and the Equity Shares of the Company were listed on NSE Emerge Platform on 3^rd June, 2024.

54. The fi gures in respect of previous year have been re-grouped/recast wherever necessary to confirm to the current year's classification.

55. All figures are rounded off to ' lacs unless otherwise stated.