Note 27: Segment Reporting

Operating segments are reported in a manner consistent with the internal reporting provided to the
Chief Operating Decision Maker ("CODM") of the Company. The CODM, who is responsible for allocating
resources and assessing performance of the operating segments, has been identified as the Managing
Director of the Company. The Company operates only in one Business Segment i.e. offshore business and
the activities incidental thereto within India, hence does not have any reportable Segments as per Indian
Accounting Standard 108 "Operating Segments".

Note 28: Leases

Rental Charges of Rs. 7.70 Lakhs pertains to either short term lease or low value assets and hence not
considered for Right-of-Use assets.

Note 29 - Additional Regulatory Information required by Schedule III

a) Details of Benami Property held

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

b) Borrowing secured against current assets

The Company does not have borrowing from banks on the basis of current assets.

c) Wilful Defaulter

The Company has not been declared wilful defaulter by any bank or financial
institutions or government or any government authority.

d) Relationship with struck off Companies

The Company has no transactions with the companies struck off under the
Companies Act, 2013.

e) Compliance with number of layer of Companies

The Company has complied with the number of layers prescribed under the
Companies Act, 2013.

f) Compliance with approved scheme(s) of arrangements

The Company has not entered into any scheme of arrangement which has an
accounting impact on current of previous financial year.

g) Utilisation of Borrowed funds and Share premium

No funds have been advanced or loaned or invested (either from borrowed funds or share
premium or any other sources or kind of funds by the Company to or in any other person
or entity, including foreign entities ("Intermediaries") with the understanding, whether
recorded in writing or otherwise, that the Intermediary shall lend or invest in party
identified by or on behalf of the Company (Ultimate Beneficiaries). The Company has not
received any fund from any party (Funding Party) with the understanding that the Company
shall whether, directly or indirectly lend or invest in other persons or entities identified by
or on behalf of the Company ("Ultimate Beneficiaries") or provide any guarantee, security
or the like on behalf of the Ultimate Beneficiaries.

h) Undisclosed Income

There is no income surrendered or disclosed as income during the current or previous year
in the tax assessments under the Income Tax Act, 1961, that has not been recorded in the
books of account.

i) Details of Crypto currency of virtual currency

The Company has not traded or invested in crypto currency or virtual currency
during the current or previous year.

j) Valuation of PP&E, intangible asset and investment property

The Company has not revalued its property, plant and equipment (including right-of-use
assets) or intangible assets during the current or previous year.

k) Title deeds of immovable properties not held in name of the company

The title deeds of all the immovable properties are held in the name of the
Company.

l) Registration of charges or satisfaction with Registrar of Companies

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

m) Core Investment Company (CIC)

The Company is not a CIC and the Company is not part of any group.

Note 31 - Capital Management and Financial Risk Management Strategies

Capital

Management

The Company being in a capital-intensive industry, its objective is to maintain a strong credit rating
healthy and establish a capital structure that would maximise the return to stakeholders through
optimum mix of debt and equity

The Company's capital requirement is mainly to fund its capacity expansion, repayment of principal
and interest on its borrowings and strategic acquisitions. The principal source of funding of the
Company has been, and is expected to continue to be, cash generated from its operations
supplemented by funding from bank borrowings and the capital markets. The Company is not
subject to any externally imposed capital requirements.

The Company regularly considers other financing and refinancing opportunities to diversify its debt
profile, reduce interest cost and align maturity profile of its debt commensurate with life of the
asset and closely monitors its judicious allocation amongst competing capital expansion projects
and strategic acquisitions, to capture market opportunities at minimum risk.

Financial Risk Management

The Company's business activities expose it to a variety of financial risks, namely liquidity risk,
market risks and credit risk. The Company's senior management has the overall responsibility for
the establishment and oversight of the Company's risk management framework.

i) Price Risk

Price is negotiated in advance with the customers for a considerable time span, to provide marine
support as per their requirements. The rate is fixed for per operational day and can fluctuate
because of breakdowns.

ii) (a)Interest Rate Risk

Interest rate risk is the risk that the fair value or future cash flows of a financial instrument will
fluctuate because of changes in market interest rates. The Company's exposure to the risk of
changes in market interest rates relates primarily to the Company's long-term debt obligations
with floating interest rates. The risk is managed by the Company by maintaining an appropriate
mix between fixed and floating rate borrowings.

(b) Interest Rate Sensitivity

The sensitivity analyses below have been determined based on the exposure to interest rates for
non-derivative instruments at the end of the reporting period. For floating rate liabilities, the
analysis is prepared assuming the amount of the liability outstanding at the end of the reporting
period was outstanding for the whole year. A 50-basis point increase or decrease is used when
reporting interest rate risk internally to key management personnel and represents management's
assessment of the reasonably possible change in interest rates.
The following table provides a break-up of the Company's fixed and floating rate borrowings

iii) Credit Risk

Credit risk refers to the risk that a counterparty will default on its contractual obligations resulting
in financial loss to the Company. The Company has adopted a policy of only dealing with
creditworthy counterparties and obtaining sufficient collateral, where appropriate, as a means of
mitigating the risk of financial loss from defaults. The Company's exposure and the credit ratings
of its counterparties are continuously monitored.

Ultimate responsibility for liquidity risk management rests with the board of directors, which has
established an appropriate liquidity risk management framework for the management of the
Company's short-term, medium-term and long-term funding and liquidity management
requirements. The Company manages liquidity risk by maintaining adequate reserves, banking
facilities and reserve borrowing facilities, by continuously monitoring forecast and actual cash
flows, and by matching the maturity profiles of financial assets and liabilities.

Note 30: Fair Value Hierarchy and
Measurements

The management assessed that cash and cash equivalents, trade receivables,
trade payable, short term borrowings, bank overdrafts and other current
liabilities approximate their carrying amounts largely due to the short term
maturities of these instruments and are thus measured at amortised cost.