Notes to Accounts of Laxmipati Engineering Works Ltd.

Mar 31, 2025

Terms/rights attached to shares:

The Equity shares have a face value of Rs 10 per share. Each holder of share is entitled to one vote per share. In the event of liquidation of company all shareholders will be entitled to receive remaining assets of the company after distribution of all preferential amounts in proportion to the shares held by them.

# The Company has obtained term loan from HDFC Bank for purchase of Plant and Machinery having sanction limit of Rs 5.00 Crores repayable within a period of 7 years including moratorium of 1 year with rate of interest of Repo Rate 3.75% p.a. The term loan is primarily secured against Factory land & building owned by Siddhi Vinayak Polyfab Pvt Ltd located at Palsana, Surat and Plant and Machinery by way of hypothecation of stock and book debts and has collateral security on the current assets of the company by way of hypothecation of stock and book debts.

**Loan from Related Parties and others represent interest bearing loans received by the Company, which has been obtained for business purposes and repayable on demand with rate of interest ranging from 6% to 12%

*Terms & conditions of cash credit facilities borrowed from HDFC Bank are as follows:

1 Sanctioned Limit: The Company has availed cash credit facilities from HDFC Bank with a sanctioned limit of ? 10 Crore. Within this limit, sub-limits have been sanctioned for a secured Bank Guarantee facility of ? 5 Crore and a secured Letter of Credit facility of ? 5 Crore.

2 Tenor: Repayable on demand

3 Security: The facility is secured as follows -

Current Assets: Exclusive charge on the current assets of the company, both present & future, by the way of hypothecation of stock & book debts.

Movable Fixed Assets: Exclusive charge on the movable fixed assets of the company, both present & future.

Factory Land and Building: Exclusive charge on the immovable assets of the company, both present & future, by the way of Equitable Mortgage of the factory Land & Building located at Block No. 186 Paiki 1&2, Nr. Mindhola Foods LLP, Makhinga, Palsana - Surat. 394315. Value: Rs. 512.94 Mns. in the name of Siddhi Vinayak Polyfab Pvt Ltd. (This property is also cross collateralized for the exposure of Siddhi Vinayak Knots & Prints Pvt Ltd)

Personal Guarantees: The facility is additionally secured by the personal guarantees of the directors/promoters of the Company, i.e. (A) Sanjay Sarawagi (B) Manoj Sarawagi (C) Rakesh Sarawagi.

4 Rate of Interest: 9.15% p.a. linked to 3M Tbill

j. As per AS 17- Segment Reporting, Segment information has to be provided when the Company has more than one reportable business segment. The Company has two segments:

i) Fabrication

ii) Shipyard

As during the year no activity or business has been carried out in Ship yard, no separate segment reporting has been done except identification of segment wise assets.

k.	Contingent Liabilities and Commitments (to the extent not provided for): (Rs. in Lakh)
	Particulars	As at March 31, 2025	As at March 31, 2024
	Contingent Liabilities
	(i) Guarantees	48.97	14.05
	(ii) Letter of Credit	310.59	-

Note:

i) Fixed deposit amounting to ?49,57,859 (?17,88,820 in previous year) has been placed with the bank as margin money against the Bank Guarantee facility of ?48,96,859 (214,04,908 in previous year).

ii) Fixed deposit amounting to ?32,76,000 has been placed with the bank as margin money against the Letter of Credit facility of ?3,10,58,664.

These fixed deposits are lien-marked in favour of the respective banks and are not freely available for use by the Company.

Additional Regulatory Information

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

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

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

d. The Company have not traded or invest in Crypto currency or Virtual currency during the financial year.

e. The Company have not advanced or loaned or invested funds (either borrowed funds or share premium or any other sources or kind

of funds) to any other person(s) or entity(ies), including foreign entities (Intermediaries) with the understanding (whether recorded in writing or otherwise) that the Intermediary shall:

(i) directly or indirectly lend or invest in other persons or entities identified in any manner whatsoever by or on behalf of the Company (Ultimate Beneficiaries) or

(ii) provide any guarantee, security or the like to or on behalf of the Ultimate Beneficiaries.

f. 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 otherewise) that the Company shall:

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

(ii) provide any guarantee, security or the like to or on behalf of the Ultimate Beneficiaries.

g. The Company does not have any such tranasaction which is not recorded in the books of accounts that has been surrendered or disclosed as income during the year in the tax assessment under the Income Tax Act, 1961 (such as, search or survey or any other relevent provisions of the Income Tax Act, 1961)

h. The Company has not been declared as Wilful defaulter by the Banks, Financial institution or other lenders.

i. the Company has not revalued its Property, Plant and Equipment (including Right of Use assets) or intangible assets or both during the year.

j. The Title deeds of all the immovable properties owned and disclosed (other than properties where the Company is the lessee and the lease agreements are duly executed in favour of the lesseee) in this financial statements are held in the name of the Company.

k. the Company has complied with the number of layers prescribed under clause (87) of section 2 of the Companies Act, 2013 read with Companies (Restriction on number of Layers) Rules, 2017.

Explanation for variances exceeding 25%

1 Current ratio has increased during the year due to increase in current assets in form of inventories and trade receivables as compared to previous year.

2 Debt equity ratio has decreased during the year as the Company has earned profits & repaid term loan during the year.

3 Debt service coverage has increased during the year because of increase in EBITDA during the year as compared to previous year.

4 Return on Equity ratio has increased during the year as the Company has earned profits during the year.

5 Trade Receivables Turnover Ratio decreased on account of increase in debtors days in current year.

6 Net Profit ratio has increased in current year as the Company earn the profits during the year.

7 Return on capital employed has increased in current year as the Company earn the profits during the year.

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Mar 31, 2024

l. Contingent liabilities:

Bank guarantee of Rs. 14.04 Lakh is issued for performance of service. Fixed deposit of Rs. 17.88 Lakh is made against it.

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

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

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

p. The company have not traded or invest in Crypto currency or Virtual currency during the financial year.

q. The company have not advanced or given loan or invested fund to any other person(s) or entity(ies), including foreign entities (Intermediaries) with the understanding that the Intermediary shall:

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

(ii) provide any guarantee, security or the like to or on behalf of the Ultimate Beneficiaries.

r. 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 otherewise) that the company shall:

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

(ii) provide any guarantee, security or the like to or on behalf of the Ultimate Beneficiaries.

s. The company does not have any such tranasaction which is not recorded in the books of accounts that has been surrendered or disclosed as income during the year in the tax assessment under the Income Tax Act, 1961 (such as, search or survey or any other relevent provisions of the Income Tax Act, 1961)

t. The company has not been declared as Wilful defaulter by the Banks, Financial institution or other lenders.

u. The Company have not provided any capital or other commitments during the current financial year.

v. The Company has not revalued its Property, Plant and Equipment (including Right of Use Assets) or Intangible Assets or both during the year.

As per our report of even date

For RPR & Co. For LAXMIPATI ENGINEERING WORKS LIMITED

Chartered Accountants Firm Reg. No.: 131964W

Sd/- ^Sd/-

Sd/- Sanjaykumar Sarawagi Rakeshkumar Sarawagi

Raunaq Kankaria (Director) (Director)

(Partner) DIN: 00005468 DIN:00005665

M.No. 138361

Date: 28/05/2024 Sd/- Sd/_-

Place: Surat Gaurav Jhunjhunwala Mustafa Haji

UDIN: 24138361BKEHYW6875 Company Secretary C.F.O.

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Mar 31, 2018

Terms/rights attached to shares:

The Equity shares have a face value of Rs 10 per share. Each holder of share is entitled to one vote per share. In the event of liquidation of company all shareholders will be entitled to receive remaining assets of the company after distribution of all preferential amounts in proportion to the shares held by them.

Dues to the Micro and Small Enterprises have been determined to the extent such parties have been identified on the basis of information by the management. This has been relied upon by the auditors.

a. As per AS 17- Segment Reporting, Segment information has to be provided when the company has more than one reportable business segment. The company has two segments:

b) Fabrication

ii) Shipyard

As during the year no activity or business has been carried out in Ship yard, no separate segment reporting has been done except identification of segment wise assets.

c. Figures of previous year have been regrouped and rearranged wherever necessary.

d. Details of value of Imports, Earnings in foreign Currency and expenditure in foreign currency: NIL

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Mar 31, 2016

c. Related Party Disclosure (AS 1

Based on the details as provided by the management:

Name of the related party and description of relationship:

Key Managerial Personnel (KMP)

&Executive Director Manoj Kumar Sarawagi (Executive Director)

Sanjay Kumar Sarawagi (ExecutiveDirect Rakesh Kumar Sarawagi (Executive Direct Ruchita Amit Mittal (Independent Woman Director) Pratibha Pankaj Gulgulia (Independent Director) Mahesh Saboo (Independent Director)

Ankita Jain (Company S ecretar MustufaHaji (Chief F manual Office Amit Khabdelwal(Mabager)

Relatives of KMP &

Executive Director Kanta Devi S arawagi

Sarla Sar awagi S andhya S ar awag Sujata Sarawag Meena Tibrewal Mansi Sar awagi (M inor)

T anya S ar awagi (M inor)

Parth Sarawagi (Mim S amar th Sar awagi (Mino Chaheti Sarawagi (Minor)

Teshima Sarawagi (M inor)

Hr idan S ar awagi (Minor)

Arjun Amit Khabdelwal(Mibqr)

Jyoti Amit Khandelwal PremKumar Khadelw;

MiraKhandelwi Charul Gupta S hilpa Ranade Ashok Kumar Jain Kiran Jail Nikita Anuj Meh Batul MustufaHaji Alifiya M ustufa Haji M urtaza M ustufa Haji Rehana M oizbhai Haji M oiz F akhar uddin Haji

Enterprises owned or significantly influenced by

KMP or their relatives: Sanjay Sarawagi HUF

Manoj Sarawagi HUF Rakesh Sarawagi HUF GovindPrasadSarawagi HUF Rose Commotr ade LL Hi Choice TradingLLP Surat Realators Pvt Ltd Divyashakti TradingLLP Hi T ech M erchandise LLP

Lansdown Dealers LL Star mark Trading!

Prabha Distibutors LLP

Siddhi Vinayak Silk Mills Private Limited

Shri Siddhi Vinayak F ashions Private Limited

Anmol Tradelink Private Limit

Lifeline Agencies Private Limited

Siddhi Vinayak Weaving Private Limit

S .V Plantation''ovate Limits

Siddhi Vinayak Polyfab Private Limited

Siddhi Vinayak Knots &Prints Private Limited

Tapti Valley Education F qubdatiqb

J-DGreen ibfrastructu1

Urban ndia

Krishnakali Couture Private Limited Siddhi Vinayak Trendz Private Limited Siddhi Vinayak Sabrachba LLP

Dues to the Micro and Small Enterprises have been determined to the extent such parties have been identified on the basis of information by the management. This has been relied upon by the auditors.

h. As per AS 17- Segment Reporting, Segment information has to be provided when the company has more than one reportable business segment.

i) Ship Fabrication

ii) Shipyard

As during the year no activity or business has been carried out in Shipyard, no separate segment reporting has been done except identification of segment wise assets.

i. Figures of previous year have been regrouped and rearranged wherever necessary.

j Details of value of Imports, Earnings in foreign Currency and expenditure in foreign currency: NIL

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Mar 31, 2015

1. Terms/rights attached to shares:

The Equity shares have a face value of Rs 10 per share. Each holder of share is entitled to one vote per share. In the event of liquidation of company all shareholders will be entitled to receive remaining assets of the company after distribution of all preferential amounts in proportion to the shares held by them.

2. Balances of Loans and Advances, Debtors, Creditors & Bank are subject to confirmation and reconciliation.

c. Related Party Disclosure (AS 18)

Based on the details as provided by the management:

Name of the related party and description of relationship:

Key Managerial Personnel (KMP)

& Executive Director Manoj Kumar Sarawagi (Executive Director)

Sanjay Kumar Sarawagi (Executive Director)

Rakesh Kumar Sarawagi (Executive Director)

Ankita Jain (Company Secretary)

Mustufa Haji (Chief Financial Officer)

Rakesh Kumar Singh (Ceased as on 09.02.2015 from Manager)

Relatives of KMP & Govind Prasad Sarawagi

Executive Director Kanta Devi Sarawagi

Sarla Sarawagi Sandhya Sarawagi Sujata Sarawagi

Meena Tibrewal

Nitu Kumari

Enterprises owned or significantly influenced by KMP or their relatives: Sanjay Sarawagi HUF Manoj Sarawagi HUF

Rakesh Sarawagi HUF

Govind Prasad Sarawagi HUF

Rose Commotrade Private Limited

Hi Choice Trading LLP

Divyashakti Trading Private Limited

Hi Tech Merchandise Private Limited

Lansdown Dealers Private Limited

Star mark trading Private Limited

Surat Realtors Pvt Ltd

Siddhi Vinayak Silk Mills Private Limited

Shri Siddhi Vinayak Fashions Private Limited

Anmol Tradelink Private Limited

Lifeline Agencies Private Limited

Narmada Polyster Private Limited

Siddhi Vinayak Weaving Private Limited

S.V Plantation Private Limited

Siddhi Vinayak Polyfab Private Limited

Siddhi Vinayak Knots & Prints Private Limited

Tapti Valley Education Foundation

J-10 Green infrastructure

Urban india

Krishnakali Couture Private Limited

3. As per AS 17- Segment Reporting, Segment information has to be provided when the company has more than one reportable business segment.

i) Ship Fabrication

ii) Shipyard

As during the year no activity or business has been carried out in Ship yard, no separate segment reporting has been done except identification of segment wise assets.

4. Figures of previous year have been regrouped and rearranged wherever necessary.

5. Details of value of Imports, Earnings in foreign Currency and expenditure in foreign currency: NIL

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Mar 31, 2014

Not Available.