Notes to Accounts of Sonu Infratech Ltd.

Mar 31, 2025

The company has initiated the process of obtaining the confirmation from suppliers who have registered themselves under the Micro, Small and Medium Enterprises Development Act, 2006 (MSMED Act, 2006) but has

not received the same in totality. The above information is compiled based on the extent of responses received by the company from its suppliers.

36. Tittle deeds of immovable property.

Tittle deeds of immovable property has not been held in the name of promoter, director, or relative of promoter/ director or employee of promoters / director of the company, hence same are held in the name of the company.

37. Revaluation of property, plants and equipment''s.

The Company has not revalued its Property, Plant and Equipment for the current year.

38. Loans or Advances in the nature of loans.

No Loans or Advances in loans are granted to promoters, directors, KMPs and the related parties (as defined under Companies Act, 2013,) either severally or jointly with any other person.

39. Capital Work in Progress (CWIP)

There has been no Capital work in progress for the current year of the company.

40. Intangible assets under development:

There are no Intangible assets under development in the current year.

41. Details of Benami property held.

The company does not hold any benami property under the Benami Transaction (prohibition) act, 1988 and the rules there made under. Hence any proceeding has not been initiated or pending against the company for holding any benami property under the Benami Transaction (prohibition) act, 1988 and rules made there under.

42. Borrowings from bank or financial institution on the basis of current assets.

For the same comments is given in clause (ii)(b) Companies (Audit and Auditor) Rules, 2014.

43. Wilful Defaulter.

The company has not been declared as wilful defaulter by any bank or financial institution or government or government authority during the year reporting period.

44. Relationship with struck off companies.

The company does not have transaction with the struck off under section 248 of companies act, 2013 or section 560 of companies act 1956.

45. Registration of charges or satisfaction with Registrar of companies.

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

46. Compliance with number of layers of companies.

The company is in compliance with the number of layers prescribed under clause (87) of section 2 of company''s act read with companies (restriction on number of layers) Rules, 2017.

47. Compliance with approved scheme of Arrangements.

Company does not have made any arrangements in terms of section 230 to 237 of companies act 2013, and hence there is no deviation to be disclosed.

48. Utilization of borrowed funds and share premium

As on March 31, 2025, there is no unutilized amount in respect of any issue of securities and long-term borrowing from banks and financial institution. The borrowed funds have been utilized for the specific purpose for which the funds were raised.

49. Corporate social responsibility (CSR)

As turnover of the company is less than thousand crore, net worth less than five hundred crore, net profit less than 5 crore during the immediate preceding financial year hence Section 135 (Corporate social responsibility) of the Companies Act, 2013 is not applicable to the company.

50. Details of crypto currency and virtual currency

The company has not traded or invested in crypto currency or virtual currency during the financial year.

51. A. No funds have been advanced or loaned or invested (either from borrowed funds or share premium or any other sources or kind of funds) by the Company to or in any other persons or entities, including foreign entities ("Intermediaries"), with the understanding, whether recorded in writing or otherwise, that the Intermediary shall, directly or indirectly lend or invest in other persons or entities identified in any manner whatsoever ("Ultimate Beneficiaries") by or on behalf of the Company or provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries.

B. No funds have been received by the Company from any persons or entities, including foreign entities ("Funding Parties"), with the understanding, whether recorded in writing or otherwise, that the Company shall directly or indirectly, lend or invest in other persons or entities identified in any manner whatsoever ("Ultimate Beneficiaries") by or on behalf of the Funding Parties or provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries.

52. Contingent Liabilities and Commitments Particulars		As at March 2025	(Rs. In lakhs) As at March 2024
	a) Contingent liabilities 1. Claims against the company not acknowledged as debts	l-	l-
	2. Guarantees	-	-
	3. Other Money for which the company is contingently liable	27.12	-
	b) Commitments	-	-

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Mar 31, 2024

Notes Forming Part of the Financial Statements

24. The previous year''s figures have been reworked, regrouped, and reclassified wherever necessary. Amounts and other disclosures for the preceding year are included as an integral part of the current annual financial statements and are to be read in relation to the amounts and other disclosures relating to the current financial year.

25. Credit and Debit balances of unsecured loans, sundry creditors, sundry Debtors, loans and Advances are subject to confirmation and therefore the effect of the same on profit could not be ascertained.

26. Balances of Trade Payables, Trade Receivable and Loans and Advances are subject to confirmations and reconciliation if any, by the respective parties.

27. The account balances existing at the beginning of the period have been relied upon the audited financial statements audited by the previous auditor.

28. Statement of Management

(i) The current assets, loans and advances are good and recoverable and are approximately of the values, if realized in the ordinary courses of business unless and to the extent stated otherwise in the Accounts. Provision for all known liabilities is adequate and not in excess of amount reasonably necessary.

(ii) Balance Sheet, Statement of Profit and Loss and Cash Flow Statement read together with Notes to the accounts thereon, are drawn up so as to disclose the information required under the Companies Act, 2013 as well as give a true and fair view of the statement of affairs of the Company as at the end of the year and results of the Company for the year under review.

1. Based on information available with the company, on the status of the suppliers being Micro or small enterprises, on which the auditors have relied, the disclosure requirements of Schedule III to the Companies Act,2013 with regard to the payments made/due to Micro and small Enterprises are given below :

The company has initiated the process of obtaining the confirmation from suppliers who have registered themselves under the Micro, Small and Medium Enterprises Development Act, 2006 (MSMED Act, 2006] but has not received the same in totality. The above information is compiled based on the extent of responses received by the company from its suppliers.

35. Tittle deeds of immovable property.

Tittle deeds of immovable property has not been held in the name of promoter, director, or relative of promoter/ director or employee of promoters / director of the company, hence same are held in the name of the company.

36. Revaluation of property, plants and equipment''s.

The Company has not revalued its Property, Plant and Equipment for the current year.

37. Loans or Advances in the nature of loans.

No Loans or Advances in loans are granted to promoters, directors, KMPs and the related parties (as defined under Companies Act, 2013,] either severally or jointly with any other person.

38. Capital Work In Progress (CWIP)

There has been no Capital work in progress for the current year of the company.

39. Intangible assets under development:

There are no Intangible assets under development in the current year.

40. Details of Benami property held.

The company does not hold any benami property under the Benami Transaction (prohibition] act, 1988 and the rules there made under. Hence any proceeding has not been initiated or pending against the company for holding any benami property under the Benami Transaction (prohibition] act, 1988 and rules made there under.

41. Borrowings from bank or financial institution on the basis of current assets.

For the same comments is given in clause (ii)(b) Companies (Audit and Auditor] Rules, 2014.

42. Wilful Defaulter.

The company has not been declared as wilful defaulter by any bank or financial institution or government or government authority during the year reporting period.

43. Relationship with struck off companies.

The company does not have transaction with the struck off under section 248 of companies act, 2013 or section 560 of companies act 1956.

44. Registration of charges or satisfaction with Registrar of companies.

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

45. Compliance with number of layers of companies.

The company is in compliance with the number of layers prescribed under clause (87] of section 2 of company''s act read with companies (restriction on number of layers] Rules, 2017.

46. Compliance with approved scheme of Arrangements.

Company does not have made any arrangements in terms of section 230 to 237 of companies act 2013, and hence there is no deviation to be disclosed.

47. Utilization of borrowed funds and share premium.

As on March 31, 2024, there is no unutilized amount in respect of any issue of securities and long-term borrowing from banks and financial institution. The borrowed funds have been utilized for the specific purpose for which the funds were raised.

48. Corporate social responsibility (CSR ).

Section 135 (Corporate social responsibility] of the Companies Act, 2013 is not applicable to the company.

49. Details of crypto currency and virtual currency.

The company has not traded or invested in crypto currency or virtual currency during the financial year.

50. A. No funds have been advanced or loaned or invested (either from borrowed funds or share premium or any other sources or kind of funds] by the Company to or in any other persons or entities, including foreign entities (“Intermediaries”], with the understanding, whether recorded in writing or otherwise, that the Intermediary shall, directly or indirectly lend or invest in other persons or entities identified in any manner whatsoever (“Ultimate Beneficiaries”] by or on behalf of the Company or provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries.

B. No funds have been received by the Company from any persons or entities, including foreign entities (“Funding Parties”], with the understanding, whether recorded in writing or otherwise, that the Company shall directly or indirectly, lend or invest in other persons or entities identified in any manner whatsoever (“Ultimate Beneficiaries”] by or on behalf of the Funding Parties or provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries.

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Mar 31, 2023

o) Provisions Contingent liabilities and contingent assets

A provision is recognized if, as a result of a past event, the Company has a present legal obligation that can be estimated reliably, and it is probable that an outflow of economic benefits will be required to settle the obligation. Provisions are determined by the best estimate of the outflow of economic benefits required to settle the obligation at the reporting date. Where no reliable estimate can be made, a disclosure is made as Contingent Liability.

A disclosure for a Contingent Liability is also made 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.

Possible obligation that arises from the past events whose existence will be confirmed by the occurrence or non-occurrence of one or more uncertain future events beyond the control of the Company or a present obligation that is not recognized because it is not probable that an outflow of resources will be required to settle the obligation is reported as Contingent Liability. In the rare cases, when a liability cannot be measures reliable, it is classified as Contingent Liability. The Company does not recognize a Contingent Liability but disclosed its existence in the standalone financial statements.

p) Event after Reporting Date

Where events occurring after the Balance Sheet date provide evidence of condition that existed at the end of reporting period, the impact of such events is adjusted within the standalone financial statements. Otherwise, events after the Balance Sheet date of material size or nature are only disclosed.

All the events occurring after the Balance Sheet date up to the date of the approval of the standalone financial statement of the Company by the board of directors on May 29, 2023 have been considered, disclosed and adjusted, wherever applicable, as per the requirement of Accounting Standards.

Note - 5 - SHORT TERM BORROWING (Contd.....)

Note 5.1

(1) The Loan taken from various Bank-NBFC for purchase of eqrth movers equipements & machines are sercured by mortgage of said earth moving equipement against which amount borrowed.

(2) The Bnak Credit limits from ICICI Bank Ltd by way of Overdraft, BG is primarily secured by way of hypothecation of the Company’s entire stocks of RM, Semi & Finished goods, Consumables stores & spares, Book Debts, both present & future.

The said credit limits is further collaterally suecured by exclusive charge by way of equitable mortgage on the properties described as below:

1. Residential Plot No. 117 situated at RS No. 132, 4/A/117 of sheet 229 of Pushpa Park, Near Aram Colony, Jamnagar standing in the name of Seema Pandey

2. Industrial Plot No. 3, Ramdootnagar, Near Hanuman Mandir, Jogvad - Owner Mr. Ketan Modi

3. Industrial Plot No. 8 Near Govt. School, Opp. Reliance Hosp., Moti Khavdi, Jamnagar - Owner Ketan Modi

4. Industrial Open Plot No. 6 to 10 of RS No. 14, Near Reliance Township Last Gate, Jogvad - Owner Mr. Ramji Modi

5. Industrial Plot No. 8, 9, 10, 25 of RS No. 13 situated at Ramdootnagar, Jogvad. Owner Seema Pandey, Ranji Pandey, Dipti Modi, Sonu enterprise respectively

6. Residential Plot located at New S. No. 481 of sheet 229, Plot No. 33/3/BRS No. 128/1, Near New Aram Colony, Jamnagar - Owner Ramji Pandey

7. Industrial Plot Hotel Plot No 27 of RS No. 152 & 153 Khambhaliya Highway, Moti Khavdi, Jamnagar - Owner Sonu Infratech Ltd.

8. Industrial Plot No. 7P, South side to Reliance Township, Off perimeter road, Jogvad standing in the name of Dipti, Arpit and Sonu Pandey

9. Residential Plot No. 24 next to Reliance Township, off perimeter road Jogvad standing in the name of Dipti, Arpit, Sonu Pandey.

Further, the said credit facilities is further secured by unconditional & irrevocable personal guarantees of (i) Mr. Ramji Shreenarayan Pandey, (ii) Mrs. Seema Ramji Pandey (iii) Mr. Ketan Vallabhdas Modi, (iv) Mrs. Dipti Ketan Modi, (v) Mr. Arpitkumar Ramji Pandey, (vi) Mr. Sonu Ramji Pandey (vii) Mr. Manishkumar Jagdish Pandey, (viii) Mrs. Bhavna Pandey.

35. Tittle deeds of immovable property

Tittle deeds of immovable property has not been held in the name of promoter, director, or relative of promoter/ director or employee of promoters / director of the company, hence same are held in the name of the company.

36. Revaluation of property, plants and equipment’s :-

The Company has not revalued its Property, Plant and Equipment for the current year.

37. Loans or Advances in the nature of loans :-

No Loans or Advances in loans are granted to promoters, directors, KMPs and the related parties (as defined under Companies Act, 2013,) either severally or jointly with any other person.

38. Capital Work In Progress (CWIP) :-

There has been no Capital work in progress for the current year of the company.

39. Intangible assets under development :-

There are no Intangible assets under development in the current year.

40. Details of Benami property held :-

The company does not hold any benami property under the Benami T ransaction (prohibition) act, 1988 and the rules there made under. Hence any proceeding has not been initiated or pending against the company for holding any benami property under the Benami T ransaction (prohibition) act, 1988 and rules made there under.

41. Borrowings from bank or financial institution on the basis of current assets :-

The Company has borrowings from banks on the basis of security of current assets. The quarterly returns or statements of current assets filed by the Company with banks are in agreement with the books of accounts.

42. Wilful Defaulter :-

The company has not been declared as wilful defaulter by any bank or financial institution or government or government authority during the year reporting period.

43. Relationship with struck off companies

The company does not have transaction with the struck off under section 248 of companies act, 2013 or section 560 of companies act 1956.

44. Registration of charges or satisfaction with Registrar of companies :-

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

45. Compliance with number of layers of companies :-

The company is in compliance with the number of layers prescribed under clause (87) of section 2 of company’s act read with companies (restriction on number of layers) Rules, 2017.

46. Compliance with approved scheme of Arrangements :-

Company does not have made any arrangements in terms of section 230 to 237 of companies act 2013, and hence there is no deviation to be disclosed.

47. Utilization of borrowed funds and share premium :-

As on March 31, 2023, there is no unutilized amount in respect of any issue of securities and long-term borrowing from banks and financial institution. The borrowed funds have been utilized for the specific purpose for which the funds were raised.

48. Corporate social responsibility (CSR).

Section 135 (Corporate social responsibility) of the Companies Act, 2013 is not applicable to the company.

49. Details of crypto currency and virtual currency.

The company has not traded or invested in crypto currency or virtual currency during the financial year.

50. A. No funds have been advanced or loaned or invested (either from borrowed funds or share premium

or any other sources or kind of funds) by the Company to or in any other persons or entities, including foreign entities (“Intermediaries”), with the understanding, whether recorded in writing or otherwise, that the Intermediary shall, directly or indirectly lend or invest in other persons or entities identified in any manner whatsoever (“Ultimate Beneficiaries”) by or on behalf of the Company or provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries.

B. No funds have been received by the Company from any persons or entities, including foreign entities (“Funding Parties”), with the understanding, whether recorded in writing or otherwise, that the Company shall directly or indirectly, lend or invest in other persons or entities identified in any manner whatsoever (“Ultimate Beneficiaries”) by or on behalf of the Funding Parties or provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries.

51. Company is proposing the public issue of 2400000 equity shares of face value of Rs.10 each of Sonu Infratech Limited (“Sonu” or the “company” or the “issuer”) for cash at a price of Rs.36 per equity share including a share premium of Rs.26 per equity share (the “issue price”) aggregating to 864.00 Lakhs.