Note 1 Overdraft Facility
1. Collateral Security:-
i) Exclusive Charge by way of Hypothecation on Current Assets for both present and future.
ii) Equitable / Registered Mortgage on Immovable Property situated at:
a) 2, Hirabagh Society, Rev Sur No. 51/2/37 City, Survey No. 3135, Plot-2, Mouje Himatnagar, Sabarkantha of Jayantibhai Patel.
b) Plot No 1 paiky sr no.24, Sahkari jin road, National highway no. 8, Himatnagar, Sabarkantha of Bhartiben Patel & Ronakben Patel.
c) Plot No 11, Survey no 793, Paiky at Kanknol, Dwarkadish Society, Himatnagar, Sabarkantha of Alpeshbhai Patel.
2. Personal Guarantee of
i) Meet Patel
ii) Alpeshbhai Patel
iii) Pankaj Patel
iv) Bhartiben Patel
v) Kamleshkumar Patel
vi) Ronakben Patel
vii) Jayantibhai Patel
viii) Tejalben Patel
ix) Ashokkumar Kateshia
x) Pankajkumar Patel
3. Rate of Interest:
The rate of interest of the Facility stipulated by the Bank shall be sum of the Repo Rate plus 'Spread' per annum. As on date the Repo Rate is 6.50% and Spread is 3.30%.
NOTE NO - 27 Other Disclosures as per Schedule-III of the Companies Act, 2013 1. Earning Per Shares
Basic EPS amounts are calculated by dividing the profit for the year attributable to equity shareholders of the Company by the weighted average number of equity shares outstanding during the year.
Diluted EPS amounts are calculated by dividing the profit attributable to equity shareholders of the Company by the weighted average number of Equity shares outstanding during the year plus the weighted average number of Equity shares that would be issued on conversion of all the dilutive potential Equity shares into Equity shares.
3. Regrouping
These financial statements have been prepared in the format prescribed by the Revised Schedule III to the Companies Act 2013. Previous year figures have been regrouped / re-classified to confirm to the classification of the current period.
4. Additional Regulatory Information ( as per the Schedule III requirements)
i) Title deeds of Immovable Properties not held in name of the Company
No such assets held by the company as on year end March 31, 2025, and March 31, 2024.
ii) Compliance with approved Scheme(s) of Arrangements
There is no Scheme of Arrangements approved by the Competent Authority in terms of sections 230 to 237 of the Companies Act, 2013
iii) Wilful Defaulter
The company is not declared as wilful defaulter by any bank or financial Institution or other lender.
iv) Relationship with Struck off Companies
The company does not have any transactions with struck off companies.
v) Loans or Advances in the nature of loans granted to promoters, directors, KMPs and the related parties
There is no Loans or advances granted to the Promoters, directors, KMP and the relative of their during the period ended March 2025, and March 2024.
vi) Details of Benami Property held
No such assets held by the company as on period end March 31, 2025 and March 31, 2024.
vii) Registration of charges with Registrar of Companies
Company has register all it's charges within time or extended time period given in the companies act, 2013.
viii) Utilisation of Borrowed funds and share premium
A) The company have not advanced or loaned or invested funds to any other person(s) or entity (ies), including foreign entities (Intermediaries) with the understanding that the Intermediary shall:
(1) 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
(2) Provide any guarantee, security or the like to or on behalf of the Ultimate Beneficiaries.
B) The company have 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:
(1) 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
(2) Provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries,
ix) The Company has not traded or invested in Crypto currency or Virtual Currency during the financial year.
x) The Company has complied with the number of layers prescribed under clause (87) of Section 2 of the Act read with the Companies (Restriction on number of Layers) Rules, 2017.
xi) The Company has availed loans from banks on the basis of security of current assets. However as per the terms and condition, company has no requirement of submission of quarterly returns or statements to respective bank.
5. Corporate Social Responsibility (CSR )Disclosure
As per Section 135 of the Companies Act, 2013, a Company, meeting the applicability threshold, needs to spend at least 2% of its average net profit for the immediately preceding three financial years on corporate social responsibility (CSR) activities. The areas forCSR activities are Schedule VII(ii) promoting education, including special education and employment enhancing vocation skills. A CSR committee has been formed by the Company as per the Act. The funds are utilized through the year on these activities which are specified in Schedule VII of the Companies Act, 2013.
6. Issue of Shares
i) Issue of Equity shares through IPO:
In the financial year 2024-25, the Company has completed Initial Public Offer (IPO) of 43,28,000 Equity Shares of the face value of Rs.10 each at an issue price of Rs.55 per Equity Share, comprising fresh issue of 43,28,000 shares aggregating to Rs. 2380.40 Lakhs. Pursuant to the IPO, the equity shares of the Company were listed on SME Platform of National Stock Exchange of India limited (NSE) on 16th December, 2024.
ii) IPO Expenses:
The total IPO Expenses incurred Rs.264.92 Lakhs has been adjusted against securities premium account.
ii) Defined Benefit Plan
The Company provides for gratuity for employees in India as per the Payment of Gratuity Act, 1972. Employees who are in continuous service for a period of 5 years are eligible for gratuity. The amount of gratuity payable on retirement/termination is the employees lastdrawn basic salary per month computed proportionately for 15 days salary multiplied for the number of years of service calculated on actuarial basis. The gratuity plan is a unfunded plan. The retirement age for the employees is 60 years.
9. Segment Reporting
The company operates in a single segment i.e. "manufacturing as well as processing of agriculture seeds" and hence does not have any additional disclosures to be made under AS - 17 Segment Reporting.
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