Notes to Accounts of Banka Bioloo Ltd.

Mar 31, 2025

2.12 Provisions, contingent liabilities and
contingent assets

Provisions are recognised when the Company
has a present obligation (legal or constructive)
as a result of a past event, it is probable that an
outflow of resources embodying economic
benefits will be required to settle the obligation
and a reliable estimate can be made of the
amount of the obligation, if the effect of the
time value of money is material, provisions are
discounted using a current pre-tax rate that
reflects, when appropriate, the risks specific to
the liability. When discounting is used, the
increase in the provision due to the passage of
time is recognised as a finance cost.

Contingent Liabilities

A contingent liability is disclosed when there is
a possible obligation or a present obligation
that may, but probably will not, require an
outflow of resources. Where there is a possible
obligation or a present obligation in respect of
which the likelihood of outflow of resources is
remote, no provision or disclosure is made.

Contingent Assets

Contingent assets are not recognised in the
financial statements. However, contingent
assets are assessed continually and if it is
virtually certain that an inflow of economic
benefits will arise, the asset and related income
are recognised in the period in which the
change occurs.

2.13 Revenue recognition

i. Revenue from contracts

Revenue from contracts priced on a time and
material basis are recognised as the related
services are rendered and the related costs are
incurred. Revenue from the end of the last
invoicing to the reporting date is recognized as
unbilled revenue.

Revenue from fixed price contracts is
recognised as per the ''percentage of
completon'' method, where the performance
obligations are satisfied over time and when
there is no uncertainity as to measurement or
collectability of consideration.

FSTP 0 & M Contracts has been recognized as
revenue as per the Appendix D of Ind As 115.

Unbilled pertains to the contracts where the
Company completed it''s performance
obligations and has got unconditional right for
the consideration, but the billing is due
because of the billing cycle.

ii. Revenue from services

Service income is recognised as per the terms
of contracts with the customer, when the
related services are performed and where the
service is rendered but not invoiced on account
of customer end compliances, the same is
recognised as unbilled revenue.

iii. Sale of goods

Revenue from sale of goods is recognised
when the significant risks and rewards of
ownership have been transferred to the buyer,
recovery of the consideration is probable, the
associated costs can be estimated reliably,
there is no continuing effective control or
management involvement with the goods, and
the amount of revenue can be measured
reliably.

Revenue from sale of goods is measured at the
fair value of the consideration received or
receivable, taking into account contractually
defined terms and excluding taxes or duties
collected on behalf of the government.

iv. Interest Income

Interest income is accrued on a time
proportion basis, by reference to the principal
outstanding and effective interest rate
applicable.

2.14 Employee Benefits Expense

i. Short Term Employee Benefits

The undiscounted amount of short term
employee benefits expected to be paid in
exchange for the services rendered by
employees are recognised as an expense
during the period when the employees render
the services.

ii. Post-Employment Benefits
Defined Contribution Plans

A defined contribution plan is a post-
employment benefit plan under which the
Company pays specified contributions to a
separate entity. The Company''s contributions
to defined contribution plans are recognised
as an expense in the Statement of Profit and
Loss during the period in which the employee
renders the related service.

Defined Benefit Plans

The liability in respect of gratuity benefit is
determined using the Projected Unit Credit
Method based on acturiai valuation, performed
by an independent qualified actuary.

Re-measurement of defined benefit plans in
respect of post-employment are charged to the
Other Comprehensive income.

2.15 Finance cost

Borrowing costs that are directly attributable to
the acquisition or construction of qualifying
assets, which are assets that necessarily take
a substantial period of time to get ready for
their intended use or sale are capitalized as
part of the cost of such assets.

AH other borrowing costs are charged to the
statement of profit and loss for which they are
incurred.

2.16 Foreign currencies transactions and
translation

Transactions in foreign currencies are recorded
at the exchange rate prevailing on the date of
transaction. Monetary assets and liabilities
denominated in foreign currencies are
translated at the functional currency closing
rates of exchange at the reporting date.

Exchange differences arising on settlement or
translation of monetary items are recognised in
Statement of Profit and Loss except to the
extent of exchange differences which are
regarded as an adjustment to interest costs on
foreign currency borrowings that are directly
attributable to the acquisition or construction
of qualifying assets, are capitalized as cost of
assets.

Non-Monetary items thar are measured in
terms of historical cost in a foreign currency
are recorded using the exchange rates at the
date of transaction.

2.17 Tax Expenses

The tax expense for the period comprises
current and deferred tax. Tax expense is
recognised in Statement of Profit and Loss,
except to the extent that it relates to items
recognised in the comprehensive income or in
equity, in which case, the tax is also recognised
in other comprehensive income or equity.

Current tax

Current tax is the expected tax payable on the
taxable income for the year, using tax rates
enacted or substantively enacted at the
reporting date, and any adjustment to tax
payable in respect of previous years.

Deferred tax

Deferred tax is recognised using the balance
sheet method on temporary differences
between the carrying amounts of assets and
liabilities in the financial statements and the
corresponding amounts used in the
computation of taxable profit.

Deferred tax liabilities and assets are measured
at the tax rates that are expected to apply to
the temporary differences in the period in
which the liability is settled or the asset
realised, based on tax laws that have been
enacted or substantively enacted by the end of
the reporting period.

A deferred tax asset is recognised to the extent
that it is probable that future taxable profits will
be available against which the temporary
difference can be utilised. Deferred tax assets
are reviewed at each reporting date and are
reduced to the extent that it is no longer
probable that the related tax benefit will be
realised.

2.18 Leases

The Company assesses at contract inception
whether a contract is, or contains, a lease. That
is, if the contract conveys the right to control
the use of an identified asset for a period of
time in exchange for consideration.

The Company applies a single recognition and
measurement approach for all leases, except
for shrot-term leases and leases of low-value
assets. The Company recognises lease
liabilities to make lease payments and right of
use assets representing the right to use the
underlying assets.

i. Right-to-use assets

The Company recognises right of use assets at
the commencement date of the lease (i.e., the
date the underlying asset is available for use).
Right of use assets are measured at cost, less
any accumulated depreciation and impairment
losses, and adjusted for any remeasurement of
lease liabilities The cost of right of use assets
includes the amount of lease liabilities
recognised, initial direct costs incurred, and
lease payments made at or before the
commencement date less any lease incentives
received. Right of use assets are depreciated
on a straight line basis ove the shorter of the
lease term and the estimated useful lives of the
assets. If ownership of the leased asset
transfers to the Company at the end of the
lease term or the cost reflects the exercise of a
purchase option, depreciation is calculated
using the estimated useful life of the asset.

The right of use assets are also subject to
impairment

ii. Lease Liabilities

At the commencement date of the lease, the
Company recognises lease liabilities measured
at the present value of lease payments to be
made over the lease term. The lease payments
include fixed payments (Including in substance
fixed payments) less any lease incentives
receivables, variable lease payments that
depend on an index or a rate, and amounts
expected to be paid under residual value
guarantees. The lease payments also include
the excercise price of a purchase option
reasonably certain to be excercised by the
Company and payments of penalties for
terminating the lease. If the lease term reflects
the Company excercising the option to
terminate. Variable lease payments that do not
depend on an index or a rate are recognised as
expenses (unless they are incurred to produce
inventories) in the period in which the event or
condition that triggers the payment occurs.

In calculating the present value of lease
payments, the Company uses its incremental
borrowing rate at the lease commencement
date because the interest rate implicit in the
lease is not readily determinable. After the
commencement date, the amount of lease
liabilities is increased to reflect the accretion of
interest and reduced for the lease payments
made. In addition, the carrying amount of lease
liabilities is remeasured if there is a
modification, a change in the lease term, a
change in the lease payments (e.g., changes to
future payments resulting from a change in an
index or rate used to determine such lease
payments ) or a change in the assessment of
an option to purchase the underlying asset.

iii. Short-term leases and leases of low-
value assets

The Company applies the short-term lease
recognition exemption to its short term leases
of office premises (i.e those leases that have a
lease term of 12 months or less form the
commencement date and do not contain a
purchase option). It also applies the lease of
low-value assets recognition exemption to
leases of office premises that are considered to
be low value. Lease payments on short-term
leases and leases of low-value assets are
recognised as expense on a straight line basis
over the lease term.

2.19 Earnings per share

The Company presents basic and diluted
earnings per share (“EPS") data for its ordinary
shares. Basic EPS is calculated by dividing the
profit or loss attributable to ordinary

shareholders of the Company by the weighted
average number of ordinary shares
outstanding during the period.

Diluted EPS is determined by adjusting the
profit or loss attributable to ordinary

shareholders and the weighted average
number of ordinary shares outstanding for the
effects of all dilutive potential ordinary shares
except where the result would be anti dilutive.

2.20 Statement of Cash flows

Statement of Cash flows is prepared in
accordance with the indirect method
prescribed in Ind As- 7 Statement of
Cashflows.

Repayment terms and security details

1. Secured Loans

From NBFC

a. Tranche i of ECB loan is repayable in 5 years and carrying interest rate of 10.40% pa . Tranche ii of
ECB loan is repayable in 4 years and carrying interest rate of 9.50% pa. ECB loan is secured by (1)
hypothecation (Exclusive first charge) of Plant & Equipment at each of the 4 manufacturing plants
owned or leased by the Company, (2) All receivables of Andhra Pradesh FSM Package and the
Telangana FSM Package and (3) Personal Guarantees from Mrs. Namita Sanjay Banka, Managing
director & Mr. Sanjay Banka, Chairman and whole-time director.

b. Unlisted, Unrated, Secured, Redeemable Non-Convertible Debentures (NCDs) issues on a private
placement basis to the tune of Rs.430 lacs is repayable in 3 years and carrying interest rate of 4.20 %
pa over the India 10-Year Bond Yield. Loan principal will be repaid in three instalments at the end of
30 months (12.5%), 33 months (12.5%) and 36 months (75%). Secured with hypothecation of plant
and machinery of the STP plant at MyFlome Vihanga, Flyderabad, Present and future receivables
pertaining to the STP plant at MyFlome Vihanga, Flyderabad, and Present and future current assets
pertaining to STP business. Personal guarantees from Mr. Sanjay Banka, Ms. Namita Banka and Mr.
Vishal Murarka for all obligations under the facility.

c. Vehicle/Equipment loans is carrying an interest rate of 8.75%.

From Banks

a. Cash Credit facility of Rs.1500 lacs is for one year and repayable on demand and carrying interest
rate of EBLR 0.05% pa. The facility is secured by hypothecation of Stock & Book debts (1st
paripassu charge), pari passu first charge on movable fixed assets (excluding those funded by term
loan) exclusive charge on land & buildings situated in plot No.16 & 17 MSME, ibrahimpatnam,
exclusive charge on office building of the company located at Lakdi-ka-pool, exclusive charge on the
residential property of Mrs. Namita Banka, located at Lakdi-ka-pool and personal guarantees of Mr.
Sanjay Banka, Executive Charman, Mrs. Namita Banka, Managing Director, Mr. Vishal Murarka, CEO
and Executive Director, Mr. Akhilesh Tripathi Director.

b. Cash Credit facility of Rs.300 lacs from Bank is for one year and repayable on demand and carrying
interest rate of 9.80% pa. The loan is secured by hypothecation of Stock & Book debts (1st
paripassu charge), exclusive charge on industrial Land of the company located Aler and personal
guarantees of Mr. Sanjay Banka, Executive Charman, Mrs. Namita Banka, Managing Director, Mr.
Vishal Murarka, CEO and Executive Director and Mr. Akhilesh Tripathi Director.

c. Vehicle/Equipment loans from Bank is carrying an interest rate of 8.75% to 10.01 % pa.

2. Unsecured Loans

From Banks

a. Unsecured loans from Banks under Emergency Credit Guarantee Scheme carrying interest rate
ranging from 8.25% pa to 9.25% pa.

b. The company has utilised the loans borrowed during the year for the purpose for which it is obtained
as mentioned in the borrowing agreements.

c. There has been no default in repayment of any of the loans or interest thereon as at the end of the
year.

d. The company is not declared as a willful defaulter..

a. Defined contribution plan

Eligible employees of the Company receive benefits from a provident fund, which is a defined
contribution plan. The Company has no further obligations under the plan beyond its monthly
contributions. The Company contributed Rs.2,03,21,630/- (Previous year Rs. 1,87,72,775/-) towards
provident fund plan during the year ended 31 March 2025.

b. Defined Benefit Plan

Gratuity Plan

The Company provides for gratuity, a defined benefit plan ("Gratuity Plan") covering eligible employees.
The Gratuity Plan provides a lump sum gratuity payment to eligible employees of the company on
superannuation, death and permanent disablement . The amount of the payment is based on the
respective employee''s last drawn salary and the years of employment with the Company.

The following table sets out funded status of the gratuity plan and the amounts recognised in the
Company''s financial statements as at 31 March, 2025.

b. Commitments

Estimated amount of contracts remaining to be executed on capital account and not provided for as at
March 31,2025 is 19.06 lacs (March 31,2024 is Nil)

41. Capital Management

The company manages its capital to ensure that it will be able to continue as going concern while
creating value for share holders by facilitating the meeting of long term and short term goals of the
Company.

The company determines the amount of capital required on the basis of annual business plan coupled
long term and short term strategic investment and expansion plans.

The company monitors the capital by using net debt equity ratio. For this purpose, adjusted net debt is
defined as total debt less cash and bank balances.

As per the assessment undertaken by CODM, the aiiocation of resources and assessment of the
financial performance is undertaken at the company level. The Company has only one reportable
business segment, which is manufacturing, supplying and installation of Bio toilets and related AMOC
services. Accordingly, the amounts appearing in the financial statements relate to the Company''s single
business segment

in course of its business, the company is exposed to certain financial risk such as market risk, credit risk
and liquidity risk that could have significant influence on the company''s business and
operationai/financiai performance. The Board of directors and the Audit Committee reviews and
approves risk management framework and policies for managing these risks and monitor suitable
mitigating actions taken by the management to minimize potential adverse effects and achieve greater
predictability to earnings.

a. Credit risk

Credit Risk refers to the risk that counterparty will default on its contractual obligations resulting in
financial loss to the company. The Company has a prudent and conservative process for managing its
credit risk raising in the course of its business activities. Credit risk is managed through continuously
monitoring the creditworthiness of customers and obtaining sufficient collateral, where appropriate, a
means of mitigating the risk of financial loss from defaults.

The company makes an allowance for doubtful debts/advances using expected credit loss model.

b. Liquidity risk

Liquidity Risk refers to the risk that the company will not be able to meet its financial obligations as they
become due. The Company manages its liquidity risk by ensuring, as far as possible, that it will always
have sufficient liquidity to meet its liabilities when due, under both normal and stressed conditions,
without incurring unacceptable losses or risk to the Company''s reputation.

The company has obtained fund and non fund based working capital loans from bank .The borrowed
funds are generally applied for company''s own operational activities. The company manages the liquidity
and fund requirements for its day to day operations like working capital, suppliers /buyers credit.

d. Exchange rate risk

The company has no foreign operations and also ail the foreign payments are made in advance. Hence
the company is not exposed to exchange rate risk.

e. Interest rate risk

interest rate risk can be either fair value interest rate risk or cash flow interest rate risk. Fair value
interest rate risk is the risk changes in fair values of fixed interest bearing investments because of
fluctuations in the interest rates. The company''s exposure to the risk of changes in the market interest
rate relates primarily to the company''s long term debt obligations with floating interest rates. The
company''s interest rate exposure is mainly related to variable interest rates debt obligations.

The Company manages the interest rate risks by entering into different kinds of loan arrangements with
varied terms (e.g. fixed rate loans, floating rate loans, rupee term loans, etc.).

c. Market risk

Market risk is the risk of loss of future earnings, fair values or future cash flows that may result from
adverse changes in market rates and prices such as commodity prices, foreign currency exchange rates
and other market changes.

The Board of Directors are responsible for setting up of policies and procedures to manage market risks.

i. The Company does not have any Benami property, where any proceeding has been initiated or
pending against the Company for holding any Benami property.

ii. The Company does not have any transactions with struck off companies.

iii. The Company does not have any charges or satisfaction which is yet to be registered with ROC
beyond the statutory period,

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

v. The Company has 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:

a. 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

b. provide any guarantee, security or the like to or on behalf of the Ultimate Beneficiaries

vi. 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:

a. 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

b. provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries,

vii. The Company has not entered in to 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 been declared as wilful defaulter by any bank or financial institution or other
lender.

ix. 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.

x. No Scheme of Arrangements has been approved by the Competent Authority in terms of sections
230 to 237 of the Companies Act, 2013, during the year.

48. The code of Social Security, 2020 (''Code'') relating to employee benefits during employment and
post-employment received Presidential assent in September 2020 and its effective date is yet to be
notified. The Company will assess and record the impact of Code, once its effective.

49. Previous year''s figures have been regrouped/ reclassified to conform to those of the current year.
The Financial statement of previous years was audited by a firm of Chartered Accountant other than
B.D. Saboo and Associates, Chartered Accountants.

As per our report of even date attached For and on behalf of Board of Directors of Banka Bioloo Limited

For B.D. Saboo and Associates

Chartered Accountants Sanjay Banka Namita Banka Vishal Murarka

Firm’s Registration No: 003505s Executive Chairman Managing Director CEO & Executive

DIN: 06732600 DIN: 05017358 Director

DIN:06729485

Shyam Sundar Modani

Partner |_vn Padmanabham Nitika Lakhotia

Membership No: 213530 Chief Financial Officer (CFO) Company Secretary- A61192

Place: Hyderabad
Date: May 28, 2025

---

Mar 31, 2024

Right of use assets and Lease Liabilities

The Company has lease contracts for office and factory premises with no restrictions and are renewable at the option of the parties mutually agreed from time to time. Leases of building generally have lease terms between 4 and 5 years. The escalation rate is 5% per annum as per the terms of the lease agreement.The Company also has certain lease spaces including guest houses with lease term of 12 months or less and with low value. The Company applies the ''short-term lease'' and lease of ''low-value assets'' recognition exemptions for these leases.

^Unbilled includes amounts to the tune of Rs:- 75.79 lacs form the Indian Railways, which is in unbilled for more than an year. However, management is confident of collect in the same as the customer is Ministry of Railways, GOI and the delay is due to procedural issue.Managment is of the view that there is no uncertainty as to measurement or collectability of consideration, as the Company has completed it''s performance obligations.

^Unbilled also includes amounts to the tune of Rs:-127.31 lacs form a customer, which is in unbilled for more than an year. The work is in the nature of sub contact, and the Company has completed it''s performance obligations. Since, the main contractor has yet to complete their billing , this amount is held under un-billed. The management is confident of collecting the same, the delay is only a procedural issue.Managment is of the view that there is no uncertainty as to measurement or collectability of consideration.

1) Secured Loans

a. Tranche I of ECB loan is repayable in 5 years and carrying interest rate of 10.40% pa . Tranche II of ECB loan is repayable in 4 years and carrying interest rate of 9.50% pa. ECB loan is secured by (1) Hypothecation (Exclusive first charge) of Plant & Equipment at each of the 4 manufacturing plants owned or leased by the Company, (2) All receivables of Andhra Pradesh FSM Package and the Telangana FSM Package and (3) Personal Guarantees from Mrs. Namita Sanjay Banka, Managing director & Mr. Sanjay Banka, Chairman and whole time director.

b. Term Loan from bank is repayable in 48 monthly instalments ending on 10 August 2027 and carrying interest rate @ 3 M T Bill Interest Margin (i.e.9.50% pa). The loan is secured by way of exclusive charge on movable fixed assets (Ibrahimpatnam) (funded out of the term loan), exclusive charge on office building of the company located at Lakdi-ka-pool, exclusive charge on the residential property of Mrs. Namita Banka, located at Lakdi-ka-pool and personal guarantees of Mr. Sanjay Banka, Executive Charman, Mrs. Namita Banka, Managing Director, Mr. Vishal Murarka, CEO and Executive Director and Mr. Akhilesh Tripathi Director.

c. Cash Credit facility of Rs.300 lacs from Bank is for one year and repayable on demand and carrying interest rate of 9.80% pa. The loan is secured by hypothecation of Stock & Book debts (1st paripassu charge), exclusive charge on Industrial Land of the company located Aler and personal guarantees of Mr. Sanjay Banka, Executive Charman, Mrs. Namita Banka, Managing Director, Mr. Vishal Murarka, CEO and Executive Director and Mr. Akhilesh Tripathi Director.

d. Cash Credit facility of Rs.400 lacs is for one year and repayable on demand and carrying interest rate of 11.25% pa. The facility is secured by hypothecation of Stock & Book debts (1 st paripassu charge), pari passu first charge on movable fixed assets (excluding those funded by term loan) exclusive charge on land & buildings situated in plot No.16 & 17 MSME, Ibrahimpatnam, exclusive charge on office building of the company located at Lakdi-ka-pool, exclusive charge on the residential property of Mrs. Namita Banka, located at Lakdi-ka-pool and personal guarantees of Mr. Sanjay Banka, Executive Charman, Mrs. Namita Banka, Managing Director, Mr. Vishal Murarka, CEO and Executive Director, Mr. Akhilesh Tripathi Director.

e. Cash Credit facility of Rs.450 lacs is for one year and repayable on demand and carrying interest rate of 13.40% pa (4.25% above EBLR). The facility is covered under CGTMSE and secured by hypothecation of Stock & Book debts pari passu charge on hypothecation of Stock & Book debts to be shared with the other bankers (excluding those funded by term loan). Personal guarantees of Mr. Sanjay Banka, Executive Charman, Mrs. Namita Banka, Managing Director, Mr. Vishal Murarka, CEO and Executive Director, Mr. Akhilesh Tripathi Director

f. Unlisted, Unrated, Secured, Redeemable Non-Convertible Debentures (NCDs) issues on a private placement basis to the tune of Rs.430 lacs is repayable in 3 years and carrying interest rate of 4.20 % pa over the India 10-Year Bond Yield.Loan principal will be repaid in three instalments at the end of 30 months (12.5%), 33 months (12.5%) and 36 months (75%). Secured with Hypothecation of plant and machinery of the STP plant at MyHome Vihanga, Hyderabad, Present and future receivables pertaining to the STP plant at MyHome Vihanga, Hyderabad, and Present and future current assets pertaining to STP business. Personal guarantees from Mr. Sanjay Banka, Ms. Namita Banka and Mr. Vishal Murarka for all obligations under the facility.

From Banks

k Vehicle/Equipment loans from Bank is carrying an interest rate of 9.75% pa

36. Employee Benefits

a. Defined contribution plan

Eligible employees of the Company receive benefits from a provident fund, which is a defined contribution plan. The Company has no further obligations under the plan beyond its monthly contributions. The Company contributed Rs.1,87,72,775/- (Previous year Rs.1,66,13,439/-) towards provident fund plan during the year ended 31 March 2024.

b. Defined Benefit Plan Gratuity Plan

The Company provides for gratuity, a defined benefit plan ("Gratuity Plan") covering eligible employees. The Gratuity Plan provides a lump sum gratuity payment to eligible employees of the company on superannuation, death and permanent disablement . The amount of the payment is based on the respective employee''s last drawn salary and the years of employment with the Company.

40. Contingent Liabilities and Commitments
a. Contingent Liabilities
Particulars		Year ended 31 March 2024	Year ended 31 March 2023
Bank guarantee outstanding		809.01	434.50
Corporate Guarantee- Megaliter Varunaa Pvt Ltd*		300.00	-
*Corporate guarantee is given as a preocedural requirement as sought by the lender. And as such there is no interest rate benefit accured to the Megaliter Varunaa Pvt Ltd.
b. Commitments Estimated amount of contracts remaining to be excecuted	on capital account and not provided for as at 31 March 2024 is Nil (31 March 2023: Rs.193.75 lac)

42. Segment Reporting

As per the assessment undertaken by CODM, the allocation of resources and assessment of the financial performance is undertaken at the company level. The Company has only one reportable business segment, waste water treatment (Bio toilets, setting up Fecal Sludge Treatment Plants (FSTPs), waste water treatment plants, Effluent treatment plants and their operation and maintenance). Accordingly, the amounts appearing in the financial statements relate to the Company''s single business segment.

44. Financial Risk Management

In course of its business, the company is exposed to certain financial risk such as market risk , credit risk and liquidity risk that could have significant influence on the company''s business and operational/financial performance. The Board of directors and the Audit Commitee reviews and approves risk management framework and policies for managing these risks and monitor suitable mitigating actions taken by the management to minimize potential adverse effects and achieve greater predictability to earnings.

a. Credit risk

Credit Risk refers to the risk that counterparty will default on its contractual obligations resulting in financial loss to the company. The Company has a prudent and conservative process for managing its credit risk raising in the course of its business activities. Credit risk is managed through continuously monitoring the creditworthiness of customers and obtaining sufficient collateral, where appropriate, a means of mitigating the risk of financial loss from defaults.

The company makes an allowance for doubtful debts/advances using expected credit loss model.

Liquidity Risk refers to the risk that the company will not be able to meet its financial obligations as they become due. The Company manages its liquidity risk by ensuring, as far as possible, that it will always have sufficient liquidity to meet its liabilities when due, under both normal and stressed conditions, without incurring unacceptable losses or risk to the Company''s reputation.

The company has obtained fund and non fund based working capital loans from bank .The borrowed funds are generally applied for company''s own operational activities.The company manages the liquidity and fund requirements for its day to day operations like working capital, suppliers /buyers credit.

c. Market risk

Market risk is the risk of loss of future earnings, fair values or future cash flows that may result from adverse changes in market rates and prices such as commodity prices, foreign currency exchange rates and other market changes.

The Board of Directors are reponsible for setting up of policies and procedures to manage market risks.

d. Exchange rate risk

The company has no foreign operations and aslo all the foreign payments are made in advance. Hence the company is not exposed to exchange rate risk.

Interest rate risk can be either fair value interest rate risk or cash flow interest rate risk. Fair value interest rate risk is the risk changes in fair values of fixed interest bearing investments because of fluctuations in the interest rates. The company''s exposure to the risk of changes in the market interest rate relates primarily to the company''s long term debt obligations with floating interest rates. The company''s interest rate exposure is mainly related to variable interest rates debt obligations.

The Company manages the interest rate risks by entering into different kinds of loan arrangements with varied terms (e.g. fixed rate loans, floating rate loans, rupee term loans,etc.).

Cash flow sensitivity analysis for variable -rate instruments

The risk estimates provided assume a change of 25 basis points interest rate for the interest rate benchmark as applicable to the borrowing summarised above.This caluclation assumes that the change occurs at the balance sheet date and has been caluclated on risk exposures outstanding as at that date assuming that all other variables ,in particular foreign currency exchange rates,remain constant.The period end balances are not necessarily representative of the average debt outstanding during the period.

The management assessed that cash and cash equivalents, trade receivables, trade payables and other current liabilities approximate their carrying amounts largely due to the short-term maturities of these instruments.

The fair value of the financial assets and liabilities is included at the amount at which the instrument could be exchanged in a current transaction between willing parties, other than in a forced or liquidation sale.

The financial instruments are categorized into three levels based on the inputs used to arrive at fair value measurements as described below:

Level 1: Quoted prices (unadjusted) in active markets for identical assets or liabilities that the entity can access at the measurement date.

Level 2: Inputs other than the quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly.

Level 3: Unobservable Inputs for the asset or liability.

47. Other Statutory Information

(i) The Company does not have any Benami property, where any proceeding has been initiated or pending against the Company for holding any Benami property.

(ii) The Company does not have any transactions with struck off companies

(iii) The Company does not have any charges or satisfaction which is yet to be registered with ROC beyond the statutory period,

(iv) The Company has not traded or invested in Crypto currency or Virtual Currency during the financial year

(v) The Company has 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

a) directly or indirectly lend or invest in other persons or entities identifi ed in any manner whatsoever by or on behalf of the company (Ultimate Beneficiaries) or

b) provide any guarantee, security or the like to or on behalf of the Ultimate Beneficiaries

vi) 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:

a) directly or indirectly lend or invest in other persons or entities identifi ed in any manner whatsoever by or on behalf of the Funding Party (Ultimate Beneficiaries) or

b) provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries,

(vii) The Company has not entered in to 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 been declared as wilful defaulter by any bank or financial institution or other lender

(ix) 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

(x) No Scheme of Arrangements has been approved by the Competent Authority in terms of sections 230 to 237 of the Companies Act, 2013, during the year

(xi) The Company does not have any borrowings from banks or financial institutions against security of its current assets.

48. The code of Social Security, 2020 (''Code'') relating to employee benefits during employment and post-employment received Presidential assent in September 2020 and its effective date is yet to be notified. The Company will assess and record the impact of Code, once its effective.

49. Previous year figures have been regrouped/reclassified wherever necessary to conform to the current year''s classification.

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Mar 31, 2023

2.11 Provisions, contingent liabilities and contingent assets

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that an outflow of resources embodying economic benefits will be required to settle the obligation and a reliable estimate can be made of the amount of the obligation. If the effect of the time value of money is material, provisions are discounted using a current pre-tax rate that reflects, when appropriate, the risks specific to the liability. When discounting is used, the increase in the provision due to the passage of time is recognised as a finance cost.

Contingent liabilities

A contingent liability is disclosed when there is a possible obligation or a present obligation that may, but probably will not, require an outflow of resources. Where there is a possible obligation or a present obligation in respect of which the likelihood of outflow of resources is remote, no provision or disclosure is made.

Contingent assets

Contingent assets are not recognised in the financial statements. However, contingent assets are assessed continually and if it is virtually certain that an inflow of economic benefits will arise, the asset and related income are recognised in the period in which the change occurs.

2.12 Revenue recognition

i. Revenue from contracts

Revenue from contracts priced on a time and material basis are recognised as the related services are rendered and the related costs are incurred. Revenue from the end of the last invoicing to the reporting date is recognized as unbilled revenue.

Revenue from fixed price contracts is recognised as per the ’percentage of comple-ton’ method, where the performance obligations are satisfied over time and when there is no uncertainity as to measurement or collectability of consideration.

ii. Revenue from services

Service income is recognised as per the terms of contracts with the customer, when the related services are performed.

iii. Sale of goods

Revenue from sale of goods is recognised when the significant risks and rewards of ownership have been transferred to the buyer, recovery of the consideration is probable, the associated costs can be estimated reliably, there is no continuing effective control or management involvement with the goods, and the amount of revenue can be measured reliably.

Revenue from sale of goods is measured at the fair value of the consideration received or receivable, taking into account contractually defined terms and excluding taxes or duties collected on behalf of the government.

iv. Interest Income

Interest income is accrued on a time proportion basis, by reference to the principal outstanding and effective interest rate applicable.

2.13 Employee Benefits Expense

i. Short Term Employee Benefits

The undiscounted amount of short term employee benefits expected to be paid in exchange for the services rendered by employees are recognised as an expense during the period when the employees render the services.

ii. Post-Employment Benefits Defined Contribution Plans A defined contribution plan is a post-employment benefit plan under which the Company pays specified contributions to a separate entity. The Company''s contributions to defined contribution plans are recognised as an expense in the Statement of Profit and Loss during the period in which the employee renders the related service.

Defined Benefit Plans

The liability in respect of gratuity benefit is determined using the Projected Unit Credit Method based on acturial valuation, performed by an independent qualified actuary.

Re-measurement of defined benefit plans in respect of post-employment are charged to the Other Comprehensive Income.

2.14 Finance cost

Borrowing costs that are directly attributable to the acquisition or construction of qualifying assets, which are assets that necessarily take a substantial period of time to get ready for their intended use or sale are capitalized as part of the cost of such assets.

All other borrowing costs are charged to the statement of profit and loss for which they are incurred.

2.15 Foreign currencies transactions and translation

Transactions in foreign currencies are recorded at the exchange rate prevailing on the date of transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the functional currency closing rates of exchange at the reporting date.

Exchange differences arising on settlement or translation of monetary items are recognised in Statement of Profit and Loss except to the extent of exchange differences which are regarded as an adjustment to interest costs on foreign currency borrowings that are directly attributable to the acquisition or construction of qualifying assets, are capitalized as cost of assets.

Non-Monetary items thar are measured in terms of historical cost in a foreign currency are recorded using the exchange rates at the date of transaction.

2.16 Tax Expenses

The tax expense for the period comprises current and deferred tax. Tax expense is recognised in Statement of Profit and Loss, except to the extent that it relates to items recognised in the comprehensive income or in equity. In which case, the tax is also recognised in other comprehensive income or equity.

Current tax

Current tax is the expected tax payable on the taxable income for the year, using tax rates enacted or substantively enacted at the reporting date, and any adjustment to tax payable in respect of previous years.

Deferred tax

Deferred tax is recognised using the balance sheet method on temporary differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding amounts used in the computation of taxable profit.

Deferred tax liabilities and assets are measured at the tax rates that are expected to apply to the temporary differences in the period in which the liability is settled or the asset realised, based on tax laws that have been enacted or substantively enacted by the end of the reporting period.

A deferred tax asset is recognised to the extent that it is probable that future taxable profits will be available against which the temporary difference can be utilised. Deferred tax assets are reviewed at each reporting date and are reduced to the extent that it is no longer probable that the related tax benefit will be realised.

2.17 Earnings per share

The Company presents basic and diluted earnings per share ("EPS") data for its ordinary shares. Basic EPS is calculated by dividing the profit or loss attributable to ordinary shareholders of the Company by the weighted average number of ordinary shares outstanding during the period.

Diluted EPS is determined by adjusting the profit or loss attributable to ordinary shareholders and the weighted average number of ordinary shares outstanding for the effects of all dilutive potential ordinary shares except where the result would be anti dilutive.

2.18 Leases

The Company assesses at contract inception whether a contract is, or contains, a lease. That is, if the contract conveys the right to control the use of an identified asset for a period of time in exchange for consideration.

The Company applies a single recognition and measurement approach for all leases, except for shrot-term leases and leases of low-value assets. The Company recognises lease liabilities to make lease payments and right of use assets representing the right to use the underlying assets.

1) Right-to-use assets

The Company recognises right of use assets at the commencement date of the lease (i.e., the date the underlying asset is available for use). Right of use assets are measured at cost, less any accumulated depreciation and impairment losses, and adjusted for any remeasurement of lease liabilities The cost of right of use assets includes the amount of lease liabilities recognised, initial direct costs incurred, and lease payments made at or before the commencement date less any lease incentives received. Right of use assets are depreciated on a straight line basis ove the shorter of the lease term and the estimated useful lives of the assets. If ownership of the leased asset transfers to the Company at the end of the lease term or the cost reflects the exercise of a purchase option, depreciation is calculated using the estimated useful life of the asset.

The right of use assets are also subject to impairment ii) Lease Liabilities

At the commencement date of the lease, the Company recognises lease liabilities measured at the present value of lease payments to be made over the lease term. The lease payments include fixed payments (Including in substance fixed payments) less any lease incentives receivables, variable lease payments that depend on an index or a rate, and amounts expected to be paid under residual value guarantees. The lease payments also include the excercise price of a purchase option reasonably certain to be excercised by the Company and payments of penalties for terminating the lease. If the lease term reflects the Company excercising the option to terminate. Variable lease payments that do not depend on an index or a rate are recognised as expenses (unless they are incurred to produce inventories) in the period in which the event or condition that triggers the payment occurs.

In calculating the present value of lease payments, the Company uses its incremental borrowing rate at the lease commencement date because the interest rate implicit in the lease is not readily determinable. After the commencement date, the amount of lease liabilities is increased to reflect the accretion of interest and reduced for the lease payments made. In addition, the carrying amount of lease liabilities is remeasured if there is a modification, a change in the lease term, a change in the lease payments (e.g., changes to future payments resulting from a change in an index or rate used to determine such lease payments) or a change in the assessment of an option to purchase the underlying asset

iii) Short-term leases and leases of low-value assets

The Company applies the short-term lease recognition exemption to its short term leases of office premises (i.e those leases that have a lease term of 12 months or less form the commencement date and do not contain a purchase option). It also applies the lease of low-value assets recognition exemption to leases of office premises that are considered to be low value. Lease payments on short-term leases and leases of low-value assets are recognised as expense on a straight line basis over the lease term.

5 Right of use assets and Lease Liabilities

The Company has lease contracts for office and factory premises with no restrictions and are renewable at the option of the parties mutually agreed from time to time. Leases of building generally have lease terms between 4 and 5 years. The escalation rate is 5% per annum as per the terms of the lease agreement.The Company also has certain lease spaces including guest houses with lease term of 12 months or less and with low value. The Company applies the ’short-term lease’ and lease of ’low-value assets’ recognition exemptions for these leases.

Repayment terms and security details

1) Secured Loans

a. Tranche I of ECB loan is repayable in 5 years and carrying interest rate of 10.40% pa . Tranche II of ECB loan is repayable in 4 years and carrying interest rate of 9.50% pa. ECB loan is secured by (1) Hypothecation (Exclusive first charge) of Plant & Equipment at each of the 4 manufacturing plants owned or leased by the Company, (2) All receivables of Andhra Pradesh FSM Package and the Telangana FSM Package and (3) Personal Guarantees from Mrs. Namita Sanjay Banka, Managing director & Mr. Sanjay Banka, Chairman and whole time direcor.

b. Term Loan from bank is repayable in 48 monthly installments ending on 10 August 2027 and carrying interest rate @3MT Bill Interest Margin (i.e.9.50% pa). The loan is secured by hypothecation of Industrial Land and building/shed of the company located Plot No.16 & 17, Survey No.67 to 107, MSME Ibrahimpatnam, movable properties (funded out of the term loan) and personal guarantees of Mr. Sanjay Banka, Executive Charman, Mrs. Namita Banka, Managing Director, Mr. Vishal Murarka, CEO & Executive Director, Mr. Akhilesh Tripathi, Executive Director and Mr. TV. Rama Krishna, CFO and Executive Director.

c. Cash Credit facility of Rs.300 lac from Bank is for one year and repayable on demand and carrying interest rate of 9.65% pa. The loan is secured by hypothecation of Stock & Book debts (1st paripassu charge), exclusive charge on Industrial Land of the company located Aler and personal guarantees of Mr. Sanjay Banka, Executive Charman, Mrs. Namita Banka, Managing Director, Mr. Akhilesh Tripathi Director and Mr. T.V. Rama Krishna, CFO and Executive Director.

d. Cash Credit facility of Rs.400 lac is for one year and repayable on demand and carrying interest rate of 9.00% pa. The facility is secured by hypothecation of Stock & Book debts (1st paripassu charge), exclusive charge on office building of the company located at Lakdi-ka-pool, exclusive charge on the residential property of Mrs. Namita Banka, located at Lakdi-ka- pool and personal guarantees of Mr. Sanjay Banka, Executive Charman, Mrs. Namita Banka, Managing Director, Mr. Vishal Murarka, CEO and Executive Director, Mr. Akhilesh Tripathi Director and Mr. T.V. Rama Krishna, CFO and Executive Director.

From Banks

Vehicle/Equipment loans from Bank is carrying an interest rate of 9.50% pa

2) Unsecured Loans

From Banks

a. Unsecured loan from Banks carrying interest rate 16.50% pa.

b. Unsecured loans from Banks under Emergency Credit Guarantee Scheme carrying interest rate ranging from 8.25% pa to 9.25% pa.

From NBFC’s

Unsecured loan from NBFCs under Emergency Credit Guarantee Scheme carrying interestrate 14% pa.

3) The company has utilised the loans borrowed during the year for the purpose for which it is obtained as mentioned in the borrowing agreements.

4) The company is not declared as a willful defaulter.

39 Capital Management

The company manages its capital to ensure that it will be able to continue as going concern while creating value for share holders by facilitating the meeting of long term and short term goals of the Company.

The company determines the amount of capital required on the basis of annual business plan coupled long term and short term strategic investment and expansion plans.

The company monitors the capital by using net debt equity ratio. For this purpose, adjusted net debt is defined as total debt less cash and bank balances.business plan coupled long term and short term strategic investment and expansion plan.

40 Segment Reporting

As per the assessment undertaken by CODM, the allocation of resources and assessment of the financial performance is undertaken at the company level. The Company has only one reportable business segment, which is manufacturing, supplying and installation of Bio toilets and related AMOC services. Accordingly, the amounts appearing in the financial statements.

42 Financial Risk Management

In course of its business, the company is exposed to certain financial risk such as market risk, credit risk and liquidity risk that could have significant influence on the company’s business and operational/financial performance. The Board of directors and the Audit Commitee reviews and approves risk management framework and policies for managing these risks and monitor suitable mitigating actions taken by the management to minimize potential adverse effects and achieve greater predictability to earnings.

a. Credit risk

Credit Risk refers to the risk that counterparty will default on its contractual obligations resulting in financial loss to the company. The Company has a prudent and conservative process for managing its credit risk raising in the course of its business activities. Credit risk is managed through continuously monitoring the creditworthiness of customers and obtaining sufficient collateral, where appropriate, a means of mitigating the risk of financial loss from defaults.

The company makes an allowance for doubtful debts/advances using expected credit loss model.

b. Liquidity risk

Liquidity Risk refers to the risk that the company will not be able to meet its financial obligations as they become due. The Company manages its liquidity risk by ensuring, as far as possible, that it will always have sufficient liquidity to meet its liabilities when due, under both normal and stressed conditions, without incurring unacceptable losses or risk to the Company''s reputation.

c. Market risk

Market risk is the risk of loss of future earnings, fair values or future cash flows that may result from adverse changes in market rates and prices such as commodity prices, foreign currency exchange rates and other market changes.

d. Exchange rate risk

The company has no foreign operations and hence not exposed to exchange rate risk.

e. Interest rate risk

Interest rate ris can be either fair value interest rate risk or cash flow interest rate risk. Fair value interest rate risk is the risk changes in fair values of fixed interest bearing investments because of fluctuations in the interest rates. The company''s exposure to the risk of changes in the market interest rate relates primarily to the company''s long term debt obligations with floating interest rates.the company''s interest rate exposure is mainly related to variable interest rates debt obligations.the company manages the liquidity and fund requirements for its day to day operations like working capital,suppliers /buyers credit.

The Interest rate profile of the Company''s interest-bearing financial instruments as reported to the management of the comapany is as follows:

45 Other Statutory Information

(i) The Company does not have any Benami property, where any proceeding has been initiated or pending against the Company for holding any Benami property.

(ii) The Company does not have any transactions with struck off companies

(iii) The Company does not have any charges or satisfaction which is yet to be registered with ROC beyond the statutory period,

(iv) The Company has not traded or invested in Crypto currency or Virtual Currency during the financial year

(v) The Company has 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

a) Directly or indirectly lend or invest in other persons or entities identifi ed in any manner whatsoever by or on behalf of the company (Ultimate Beneficiaries) or

b) Provide any guarantee, security or the like to or on behalf of the Ultimate Beneficiaries

vi) 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:

a) directly or indirectly lend or invest in other persons or entities identifi ed in any manner whatsoever by or on behalf of the Funding Party (Ultimate Beneficiaries) or

b) provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries,

(vii) The Company has not entered in to 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).

(vii) The Company has not been declared as wilful defaulter by any bank or financial institution or other lender

(viii) 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

(ix) No Scheme of Arrangements has been approved by the Competent Authority in terms of sections 230 to 237 of the Companies Act, 2013, during the year

46 The code of Social Security, 2020 (''Code'') relating to employee benefits during employment and post-employment received Presidential assent in September 2020. The Company has assess the impact there off and estimates no further provisions are required in this behalf.

47 Previous year figures have been regrouped/reclassified wherever necessary to conform to the current year''s classification.

As per our report of even date attached

For PRSV& Co. LLP FOR AND BEHALF OF THE BOARD OF

Chartered Accountants DIRECTORS

Firm Regn No. S200016

Sanjay Banka Namita Banka Vishal Murarka

Executive Chairman Managing Director CEO & Executive Director

DIN: 06732600 DIN: 05017358 DIN: 06729485

Raja Praturi T.V. Rama Krishna Archana Arigela

Partner CFO & Executive Director Company Secretary

Membership No. 020615 DIN: 07977695 M No. A65613

Place: Hyderabad Date: 30.05.2023

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Mar 31, 2018

1. Corporate information

BANKA BIOLOOLIMITED was initially incorporated as a Private Limited Company under Companies Act, 1956 on 31 August 2012. The Company was converted into a Public Limited Company on 15 November 2017. The Company is listed on the National Stock Exchange (NSE) (Emerge: SME Platform) on 27 February 2018. The Company is engaged in the business of manufacturing, supplying and installation of Bio toilets and operation and maintenance of Bio toilets and Controlled discharge toilet system (CDTS) to Indian railways.

a. The Company had made an Initial public issue of 10,98,000 equity shares of face value of Rs.10 each fully paid up for cash at a price of Rs.115/- per equity share (including a share premium of Rs.105/- per share) aggregating to Rs. 12,62,70,000/-/. The shares were allotted on 22 February 2018. The equity shares of the Company got listed on National Stock Exchange of India Limited (NSE) (Emerge: SME Platform) on 27 February 2018.

b. Rights, preferences, restrictions attached to equity shares

The company has only one class of shares having a face value of Rs. 10/- per share. All equity shareholders rank pari-passu in respect of dividend and voting rights. Each holder of equity shares is entitled to one vote per share.In the event of liquidation, the equity shareholders are eligible to receive the remaining assets of the company after distribution of preferential amounts, in proportion to their shareholding.

c. The Company had issued 28,88,846 equity shares of Rs.10 each for a consideration other than cash (Bonus issue) by capitalisation of security premium of Rs.2,07,01,807 and free reserves of Rs. 81,86,653/ -aggregating to Rs.2,88,88,460/-. The shares were alloted on 30 October, 2017.

Repayment terms and security details

1) Secured Loans

a. Vehicle loan from “Ford Credit India Pvt Ltd” sanctioned on 07 February 2017 of Rs. 9,00,000/- is repayable in 60 monthly installments ending on 05 February 2022 and carrying interest rate of 8.4% pa.

b. Vehicle loan from “Ford Credit India Pvt Ltd” is secured by hypothecation of motor car purchased against loan sanctioned.

2) Unsecured Loans

From Banks

a. Unsecured loan from “HDFC Bank Ltd” sanctioned on 20 February 2015 of Rs. 25,00,000/- is repayable in 48 monthly installments ending on 04 February 2019 and carrying interest rate of 16% pa.

b. Unsecured loan from “Kotak Mahindra Bank Ltd” sanctioned on 30 December 2016 of Rs. 25,00,000/

- is repayable in 36 monthly installments ending on 01 January 2020 and carrying interest rate of 17.50% pa.

c. Unsecured loan from “RBL Bank Ltd” sanctioned on 31 December 2016 of Rs. 30,00,000/- is repayable in 36 monthly installments ending on 05 January 2020 and carrying interest rate of 17% pa.

d. Unsecured loan from “Indusind Bank Ltd” sanctioned on 03 January 2017 of Rs. 25,00,000/- is repayable in 36 monthly installments ending on 04 January 2020 and carrying interest rate of 17.50% pa.

e. Unsecured loan from “Standard Chartered Bank” sanctioned on 01 February 2017 of Rs. 27,35,600/is repayable in 36 monthly installments ending on 13 February 2020 and carrying interest rate of 17% pa.

f. Unsecured loan from “Kotak Mahindra Bank Ltd” sanctioned on 28 December 2017 of Rs. 15,00,000/

- is repayable in 24 monthly installments ending on 10 December 2019 and carrying interest rate of 18% pa.

From NBFC’s

g. Unsecured loan from “Capital First Ltd” sanctioned on 27 October 2015 of Rs. 15,00,000/- is repayable in 36 monthly installments ending on 05 November 2018 and carrying interest rate of 19% pa.

h. Unsecured loan from “Bajaj Finance Ltd” sanctioned on 28 October 2015 of Rs. 20,20,000/- is repayable in 36 monthly installments ending on 02 November 2018 and carrying interest rate of 19.% pa.

i. Unsecured loan from “ReligareFinvest Limited” sanctioned on 02 November 2015 of Rs. 25,00,000/- is repayable in 36 monthly installments ending on 01 December 2018 and carrying interest rate of 19.10% pa.

j. Unsecured loan from “Magma Fincorp Limited” sanctioned on 07 November 2015 of Rs. 25,28,210/- is repayable in 48 monthly installments ending on 07 November 2019 and carrying interest rate of 20% pa.

k. Unsecured loan from “Bajaj Finance Ltd” sanctioned on 25 October 2016 of Rs. 9,09,000/- is repayable in 36 monthly installments ending on 02 November 2019 and carrying interest rate of 17.5% pa.

l. Unsecured loan from “Tata Capital Financial Services Ltd” sanctioned on 26 December 2016 of Rs. 25,13,591/- is repayable in 36 monthly installments ending on 03 January 2020 and carrying interest rate of 17.16% pa.

m. Unsecured loan from “Edelweiss Retail Finance Ltd” sanctioned on 31 December 2016 of Rs. 20,09,933/ - is repayable in 37 monthly installments ending on 05 January 2020 and carrying interest rate of 18% pa.

n. Unsecured loan from “India Infoline Finance Ltd” sanctioned on 03 February 2017 of Rs. 30,00,000/is repayable in 36 monthly installments ending on 03 February 2020 and carrying interest rate of 17.5% pa.

o. Unsecured loan from “Magma Fincorp Limited” sanctioned on 30 June 2017 of Rs. 25,39,186/- is repayable in 36 monthly installments ending on 07 July 2020 and carrying interest rate of 16.00% pa.

p. Unsecured loan from “India Infoline Finance Ltd” sanctioned on 21 November 2017 of Rs. 26,10,000/ - is repayable in 36 monthly installments ending on 03 November 2020 and carrying interest rate of 17.5% pa.

q. Unsecured loan from “ReligareFinvest Limited” sanctioned on 27 November 2017 of Rs. 25,00,000/- is repayable in 36 monthly installments ending on 10 December 2020 and carrying interest rate of 19.10% pa.

r. Unsecured loan from “Fullerton India Credit Company Limited” sanctioned on 13th December 2017 of Rs. 30,42,895/- is repayable in 37 monthly installments ending on 05 January 2021 and carrying interest rate of 18.00% pa.

s. Unsecured loan from “Aditya Birla Finance Limited” sanctioned on 05 January 2018 of Rs. 27,00,000/ - is repayable in 36 monthly installments ending on 05 January 2021 and carrying interest rate of 18.5% pa.

t. Unsecured loan from “IFMR” sanctioned on 02 February 2018 of Rs. 35,18,524/- is repayable in 36 monthly installments ending on 05 February 2021 and carrying interest rate of 19% pa.

Balance in escrow account represents un utilised proceeds received from public issue.

Bank deposits with less than 12 months maturity includes proceeds from public issue of Rs. 4,50,00,000/ -. Balance represents fixed deposits made against security deposits and performance gaurantees given to customers in terms of service/supply contracts entered with customers.

2 Contingent Liabilities and Commitments: Nil

3 Employee benefits

Employee benefits have been determined in accordance with the Accounting Standard (AS-15) “Employee Benefits”.

i. Defined contribution plans

Contribution to Provident fund which is a defined contribution plan, recognized as expense for the period is Rs. 21,80,779/-.(Previous year Rs.10,87,624/-.)

ii. Defined benefit plan

The company has a defined benefit gratuity plan. The gratuity is payable to all eligible employee of the company on superannuation, death and permanent disablement in term of provision of the payment of Gratuity Act or as per company’s scheme whichever is more beneficial. Benefit would be paid at a time of separation based on the last drawn salary.

The present value of the defined benefit obligation and the related current service cost are measured using the Projected Unit Credit Method, with actuarial valuations being carried out at each balance sheet date.

The following table sets out funded status of the gratuity plan and the amounts recognized in the Company’s financial statements as at 31 March, 2018.

4 The Company operates in one reportable segment i.e manufacturing, supplying and installation of Bio toilets and hence segment reporting as per AS-17 is not applicable.

5 In the opinion of the management, the current/non-current assets, loans and advances are expected to realize at least the amount at which they are stated, if realised in the ordinary course of business and provision for all known liabilities have been adequately made in the accounts.

6 The trade receivables, advance from customers & trade payables are subject to confirmation

7 No dues to Micro and Small Enterprises as per the information provided by the management.

8 The other information as required under part II of schedule III to the companies Act, 2013 is not furnished,since the said requirements are not applicable to the company for time being.

9 Previous year figures are regrouped / reclassified wherever necessary to make them comparable with those of current year.