Notes to Accounts of ResGen Ltd.

Mar 31, 2025

Note 6.1

Cash credit and Overdraft accounts are Secured against Hypothecation of Inventory and Receivables and charge on commercial and personal properties of the Directors and further guaranteed by all the directors. The loan carries interest @ RLLR plus 1.50% P.a. plus 0.50% p.a.

1. Current ratio increased by 32.66% in F.Y. 2024-25 as compared to F.Y. 2023-24 due to increase in current assets

NOTE 1.17. DISCLOSURE OF TRANSACTIONS WITH STRUCK OFF COMPANIES

The Company did not have any material transactions with companies struck off under Section 248 of the Companies Act, 2013 or Section 560 of Companies Act, 1956 during the financial year.

during the year ended 31.03.2025

2. Debt Equity ratio decreased by 53.72% in F.Y. 2024-25 as compared to F.Y. 2023-24 due to decrease in Debt during the year ended 31.03.2025

3. Inventory Turnover ratio increased by 71.56% in F.Y. 2024-25 as compared to F.Y. 2023-24 due to increase in COGS during the year ended 31.03.2025

4. Trade Payable turnover ratio increased by 46.02% in F.Y. 2024-25 as compared to F.Y. 2023-24 due to decrease in Trade Payable during the year ended 31.03.2025

5. Return on Investment decreased by 94.77% in F.Y. 2024-25 as compared to F.Y. 2023-24 due to less increase in Market Value at end as on 31.03.2025.

NOTE 1.16.

No transactions to report against the following disclosure requirements as notified by MCA pursuant to amended Schedule III:

a) Crypto Currency or Virtual Currency

1. The Company undertakes the following activities in the nature of Corporate social responsibility (CSR) :

a. Education to children and essential vocational skill training that enhance employment or special education among women, elderly and the differently-abled persons.

b. Promotion of animal welfare and ensure ethical treatment and protection of animals in society.

c. Eradicating poverty, hunger and malnutrition, promoting health care which includes sanitation and preventinve health care.

b) Benami Property held under Prohibition of Benami Property Transactions Act, 1988 and rules made thereunder

c) Registration of charges or satisfaction with Registrar of Companies

d) Relating to borrowed funds

i) Wilful defaulter

ii) Utilisation of borrowed funds & share premium

iii) Borrowings obtained on the basis of security of current assets

iv) Discrepancy in utilisation of borrowings

v) Current maturity of long term borrowings”

e) There are no layer of companies, hence no disclosures are required.

f) There is no scheme of arrangement approved in terms of section 230 to 237 of Companies Act, 2013.

g) There are no loans and advances in the nature of loans that are granted to promoters, directors, KMP''s and other

related parties either severally or jointly with anyother person that are repayable on demand.

h) The company does not have any transaction not recorded in the books of accounts that has been surrendered or disclosed as income during the year in the income tax assessments under the Income tax Act, 1961.

i) The company has not advanced or loaned or invested funds to anyother person(s) or entity(ies), including foreign

entities (intermediaries) with the understanding that the intermediaries 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 beneficiery) or

(ii) Provide any guarantee, security or the like to or on behalf of the Ultimate beneficieries”

j) The company has not received from any person(s) or entity(ies), including (funding party) with the understanding 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 company (ultimate beneficiery) or

(ii) Provide any guarantee, security or the like to or on behalf of the Ultimate beneficieries”

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Mar 31, 2024

1.12 Provisions / Contingencies

(a) Provision involving substantial degree of estimation in measurements is recognized when there is a present obligation as a result of past events and it is probable that there will be an outflow of resources.

(b) Contingent Liabilities are shown by way of notes to the Accounts in respect of obligations where, based on the evidence available, their existence at the Balance Sheet date is considered not probable.

(c) A Contingent Asset is not recognized in the Accounts.

1.13 Segment Reporting

A. Business Segments:

Based on the guiding principles given in Accounting Standard 17 (AS - 17) on Segment Reporting issued by ICAI, the Company has only one reportable Business Segment, which is engaged in manufacturing and selling of pyrolysis oil and carbon (substitute for coal) from plastic waste. Accordingly, the figures appearing in these financial statements relate to the Company''s single Business Segment.

B. Geographical Segments:

The Company activities / operations are confined to India and as such there is only one geographical segment. Accordingly, the figures appearing in these financial statements relate to the Company''s single geographical segment.

1. Current ratio increased by 42.38% in F.Y. 2023-24 as compared to F.Y. 2022-23 due to increase in current assets and decrease in current liability for the year ended 31.03.2024

2. Debt Equity ratio decreased by 34.84% in F.Y. 2023-24 as compared to F.Y. 2022-23 due to decrease in Debt for the year ended 31.03.2024

3. Debt Service coverage ratio increased by 29.41% in F.Y. 2023-24 as compared to F.Y. 2022-23 due to increase in EBIDT for the year ended 31.03.2024

4. Return on Equity ratio increased by 36.70% in F.Y. 2023-24 as compared to F.Y. 2022-23 due to increase in Net Profit as on 31.03.2024.

5. Trade receivable turnover ratio increased by 181.47% in F.Y. 2023-24 as compared to F.Y. 2022-23 due to increase in Sales during the F.Y. 2023-24.

6. Trade Payable turnover ratio increased by 431.55% in F.Y. 2023-24 as compared to F.Y. 2022-23 due to increase in Purchase and decrease in Trade Payable during the F.Y. 2023-24.

7. Working capital turnover ratio changed by 52.43% in F.Y. 2023-24 as compared to F.Y. 2022-23 due to increase in Sales as on 31.03.2024.

8. Return on Capital Employed changed by 34.28% in F.Y. 2023-24 as compared to F.Y. 2022-23 due to increase in EBIT as on 31.03.2024.

NOTE 1.16.

No transactions to report against the following disclosure requirements as notified by MCA pursuant to amended Schedule MI:

a) Crypto Currency or Virtual Currency

b) Benami Property held under Prohibition of Benami Property Transactions Act, 1988 and rules made thereunder

c) Registration of charges or satisfaction with Registrar of Companies

d) Relating to borrowed funds

i) Wilful defaulter

ii) Utilisation of borrowed funds & share premium

iii) Borrowings obtained on the basis of security of current assets

iv) Discrepancy in utilisation of borrowings

v) Current maturity of long term borrowings

NOTE 1.17. DISCLOSURE OF TRANSACTIONS WITH STRUCK OFF COMPANIES

The Company did not have any material transactions with companies struck off under Section 248 of the Companies Act, 2013 or Section 560 of Companies Act, 1956 during the financial year.

4.1 Loan of Rs. 691 lacs availed for Purchase of Plant & Machinery and turnkey contract of factory premises secured by hypothecation of all plant & machinery and equitable mortgage on property situated at plot no. G-58, Manraj Avenue, Jolva, Dahej. Repayable in 84 months (including moratorium of 12 months) starting from September, 2021, Ending on -June, 2027, ROI 10.40% p.a.

4.2 Loan of Rs. 8.99 lacs availed for Purchase of motor car secured by hypothecation of car. Repayable in 84 months at an EMI of Rs. 14,050,/- starting from September, 2021, ROI 8.05% p.a.

4.3 Loan of Rs. 207 lacs availed for generating additional liquidity in business secured by 100% guarantee of NCGTC. Repayable in 60 months (including moratorium of 24 months) starting from March, 2024, ROI 7.50% p.a.

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Mar 31, 2023

1. Current ratio increased by 171.70% in F.Y. 2022-23 as compared to F.Y. 2021-22 due to increase in current assets for the year ended 31.03.2023

2. Debt Equity ratio decreased by 89.38% in F.Y. 2022-23 as compared to F.Y. 2021-22 due to increase in Equity for the year ended 31.03.2023

3. Debt Service coverage ratio increased by 182.06% in F.Y. 2022-23 as compared to F.Y. 2021-22 due to increase in EBIDT for the year ended 31.03.2023

4. Return on Equity ratio decreased by 52.74% in F.Y. 2022-23 as compared to F.Y. 2021-22 due to increase in Equity as on 31.03.2023.

5. Inventory turnover ratio decreased by 69.31% in F.Y. 2022-23 as compared to F.Y. 2021-22 due to increase in amount of cost of goods sold for the year ended on 31.03.2023.

6. Trade payable turnover ratio decreased by 93.69% in F.Y. 2022-23 as compared to F.Y. 2021-22 due to increase in purchases during the F.Y. 2022-23.

7. Working capital turnover ratio changed by 108.96% in F.Y. 2022-23 as compared to F.Y. 2021-22 due to increase in working capital as on 31.03.2023.

NOTE 1.16.

No transactions to report against the following disclosure requirements as notified by MCA pursuant to amended Schedule III:

a) Crypto Currency or Virtual Currency

b) Benami Property held under Prohibition of Benami Property Transactions Act, 1988 and rules made thereunder

c) Registration of charges or satisfaction with Registrar of Companies

d) Relating to borrowed funds

i) Wilful defaulter

ii) Utilisation of borrowed funds & share premium

iii) Borrowings obtained on the basis of security of current assets

iv) Discrepancy in utilisation of borrowings

v) Current maturity of long term borrowings

NOTE 1.17. DISCLOSURE OF TRANSACTIONS WITH STRUCK OFF COMPANIES

The Company did not have any material transactions with companies struck off under Section 248 of the Companies Act, 2013 or Section 560 of Companies Act, 1956 during the financial year.

a. The Authorised Share Capital of the company was increased from 25,00,000 Equity Shares of Rs.10/- each to 2,40,00,000 Equity Shares of Rs. 10/- each vide resolution passed in EGM dated 14th November, 2022.

b. The Company Has Subdivided each Equity Share of the nominal value of Rs.100/- (Rupees One Hundred only) each, into 10 (Ten) Equity Shares of Face Value Rs.10/- (Rupees Ten only) each fully paid up, Vide Resolution Passed In Members Meeting Dated 14th November, 2022.

c. The company issued 1992000 equity shares of Rs. 10/- each on preferential basis as conversion of existing loan at a premium of Rs. 35/- each vide Board meeting resolution passed on 5th December, 2022 and alloted on 5th December, 2022.

d. The company issued 10480000 equity shares of Rs. 10/- each as bonus shares in the ratio of 5:2 (i.e. 5 (Five) Fully paid Bonus Shares of Rs.10/- each will be allotted against the holding of 2 (Two) equity shares of the Company) vide EGM resolution passed on 9th December, 2022.

e. The company issued 200000 equity shares of Rs. 10/- each on preferential basis as private placemet to promoter group at a premium of Rs. 35/- each vide Board meeting resolution passed on 15th December, 2022 and alloted on 15th December, 2022.

f. The company issued 103000 equity shares of Rs. 10/- each on preferential basis at a premium of Rs. 35/-each to Outfly Innovations Ltd, UK as per agreement dated 11.08.2022 in lieu of their services amounting to GBP 45000 @ 1GBP = INR 103 vide Board meeting resolution passed on 15th December, 2022 and alloted on 15th December, 2022.

g. The company issued 6000000 equity shares of Rs. 10/- each at a premium of Rs. 37/- each vide IPO as per prospectus dated 06th March, 2023.

h. The company issued 65500 equity shares of Rs. 100/- each on preferential basis as conversion of existing loan at a premium of Rs. 140/- each vide Board meeting resolution passed on 18th June, 2021 and alloted on 21st June, 2021.

i. The company issued 152500 equity shares of Rs. 100/- each on preferential basis vide Board meeting resolution passed on 28th March, 2020 and alloted on 28th March, 2020.

Terms / Rights attached to Equity Shares

The Company has only one class of Equity Shares having a par value of Rs. 10 per shares. Each holder of equity shares is entitled to one vote per share. Any shareholder whose name is entered in the Registar of Members of the Company shall enjoy the same rights and be subject to the same liabilities as all other shareholders of the same class.

In the event of Winding up of the Company, Equity Shareholders will be entitled to receive remaining assets of the Company, after distribution of all preferential amounts. For the said purpose, the liquidator may set such value as he deems fair upon any property to be divided and may determine how such division shall be carried out between the members.

As per records of the Company, including its registers of Shareholders / Members and other declarations received from shareholders regarding beneficial interest, the above shareholding represents both legal and beneficial ownerships of shares.

4.1 Loan of Rs. 691 lacs availed for Purchase of Plant & Machinery and turnkey contract of factory premises secured by hypothecation of all plant & machinery and equitable mortgage on property situated at plot no. G-58, Manraj Avenue, Jolva, Dahej. Repayable in 84 months (including moratorium of 12 months) starting from September, 2021, Ending on - June, 2027, ROI 10.40% p.a.

4.2 Loan of Rs. 8.99 lacs availed for Purchase of motor car secured by hypothecation of car. Repayable in 84 months at an EMI of Rs. 14,050,/- starting from September, 2021, ROI 8.05% p.a.

4.3 Loan of Rs. 207 lacs availed for generating additional liquidity in business secured by 100% guarantee of NCGTC. Repayable in 60 months (including moratorium of 24 months) starting from March, 2024, ROI 7.50% p.a.