Kabsons Industries Ltd. के अकाउंट के लिये नोट

Mar 31, 2025

Fair value hierarchy:

Level 1 - Quoted prices in an active market:

This level of hierarchy includes financial assets that are measured by reference to quoted prices (unadjusted) in active markets for identical assets or liabilities. This category consists of mutual fund investments.

Level 2 - Valuation techniques with observable inputs:

This level of hierarchy includes financial assets and liabilities, measured using inputs other than quoted prices included within level 1 that are observable for the asset or liability, either directly (i.e., as prices) or indirectly (i.e., derived from prices). There are no Financial Instruments to be classified under this category.

Level 3 - Valuation techniques with significant unobservable inputs:

This level of hierarchy includes financial assets and liabilities measured using inputs that are not based on observable market data (unobservable inputs). Fair values are determined in whole or in part, using a valuation model based on assumptions that are neither supported by prices from observable current market transactions in the same instrument nor are they based on available market data. There are no Financial Instruments to be classified under this categeory for both previous year and current year.

33.1.7 Financial Risk Management Objectives and Policies

The company is exposed to financial risks arising from its operations and the use of financial instruments. The key financial risks include interest rate risk, foreign currency risk, market risk, credit risk and liquidity risk. The company has arisk management policy which not only covers the foreign exchange risks, but also other risks associated with the financial assets and liabilities such as interest rate risks and credit risks.The risk management framework aims to:

1. Create a stable business planning environment by reducing the impact of currency and interest rate fluctuations on the company’s business plan.

2. Achieve greater predictability to earnings by determining the financial value of the expected earnings in advance.

The following sections provide the details regarding the Company’s exposure to the financial risks associated with financial instruments held in the ordinary course of business and the objectives policies and processes for the management of these risks.

33.2 Dues to Micro, Small and Medium Enterprises

Under the Micro, Small and Medium Enterprises Development Act, 2006 and in accordance with the notification issued by the Ministry of Corporate Affairs, certain disclosures are required to be made relating to Micro, Small and Medium Enterprises as defined in the said Act. The company is in the process of compiling the relevant information from its suppliers about their coverage under the said Act and hence required disclosures made to the extent available. The following are outstanding balances as at 31.03.2025:

33.3 Additional Regularity Information :

i. Title deeds of immovable properties are held in the name of the Company

ii. The company has not fair valued any of its investment property items.

iii. No item of Property, Plant and Equipment and Intangible assets has been revalued during the year.

iv. The Company has not granted any loans or Advances in the nature of Loans to Promoters, Directors, KMPs and other related parties

v. Capital working progress ageing provided in Note 3

vi. The Company has no Intangible assets under development

vii. The Company does not hold any Benami property. No proceeding has been initiated or pending against the company for holding any Benami Property.

viii. The company has no borrowings from banks or FI on basis of security of current assets.

ix. The Company has not been declared as a willful defaulter by any Bank or Financial Institutions or other lenders.

x Relation with struck off companies - The company has no transactions with a company struck of u/s 248 of Companies act 2013 or section 560

of Companies Act 1956.

xi. Registration of charges or satisfaction with register of companies- There are no charges or satisfaction yet to be registered with ROC beyond the statutory period.

xii. The company has no subsidiaries - Compliance with no. of layers of Companies is not acceptable.

xiii. Ratios

xiv. The Company has not applied for any Schemes of Arrangements under section 230 to 237 of the Act.

xv. a) The Company has not advanced to or loaned to or invested funds in any other person(s) or entity(ies),

including foreign entities (intermediaries) with understanding that such 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 Beneficiaries) or

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

b) The Company has not received any funds from any person(s) or entity(ies), including foreign entities (funding party) with understanding (whether recorded in writing or otherwise):

(i) directly or indirectly lend or invest in other persons or entities identified in any manner whatsoever by funding party (Ultimate Beneficiaries) or

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

33.4 there is no additional information to disclose as required by para 7 of the Genera Instructions on P & L preparation given in Part II of the DIVN II of Schedule III to the Companies Act 2013 for the year under report other than the disclosed at the appropriate places

i. Undisclosed income-The company has no transactions that were not recorded in books of accounts that has been surrendered or disclosed as income during the year in the tax assessments under Income tax act 1961.

ii. The Company is not covered under the obligation to incur CSR Expenditure as per section 135 of the Companies Act, 2013.

iii. The Company has not invested or traded in Crypto currency or Virtual Currency.

33.5Previous Year’s figures have been reclassified, wherever necessary so as to conform with those of Current Year. 33.6Recent accounting pronouncements:

The Ministry of Corporate Affairs (MCA) notifies new standards or amendments to the existing standards under Companies (Indian Accounting Standards) Rules as issued from time to time. On March 31, 2025, MCA has not notified any new standard or amendments to the existing standards applicable to the Company.

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Mar 31, 2024

1.3.9 Provisions and contingent liabilities

Provisions are recognized when there is a presentlegal or constructive obligation that can be estimatedreliably, as a result of a past event, when it is probablethat an outflow of resources embodying economicbenefits will be required to settle the obligation anda reliable estimate can be made of the amount of theobligation.

Provisions are reviewed at each reporting date andadjusted to reflect the current best estimate. If it is nolonger probable that an outflow of economic resourceswill be required to settle the obligation, the provisionsare reversed. Where the effect of the time value ofmoney is material, provisions are discounted using acurrent pre-tax rate that reflects, where appropriate, the risks specific to the liability. When discounting isused, the increase in the provisions due to the passageof time is recognized as a finance cost.

Contingent liabilities are disclosed when there is a possible obligationarising from past events, the existence of which will be confirmed only bythe occurrence or non-occurrence of one or more uncertain future eventsnot wholly within the control of the Company or a present obligation thatarises from past events where it is either not probable that an outflow ofresources will be required to settle the obligation or a reliable estimate ofthe amount cannot be made.

1.3.10 Earnings per share

The Company presents basic and diluted earnings pershare (“EPS”) data for its ordinary shares. Basic EPS iscalculated by dividing the profit or loss attributable toordinary shareholders of the Company by the weightedaverage number of ordinary shares outstanding duringthe period. Diluted EPS is determined by adjusting theprofit or loss attributable to ordinary shareholders andthe weighted average number of ordinary sharesoutstanding for the effects of all dilutive potentialordinary shares, which includes all stock options grantedto employees.

1.3.11Functional and Reporting Currency:

The Company’s functional and reporting currency is Indian National Rupee.

• Initial Recognition:

Foreign currency transactions are recorded in thereporting currency, by applying to the foreigncurrency amounts the exchange rate betweenthe reporting currency and the foreign currencyat the date of the transaction.

• Conversion on reporting date:

Foreign currency monetary items are reportedusing the closing rate with reference to RBI ratenon-monetary itemsthat are measured in terms of historical costing a foreign currency is translated usingthe exchange rates at the dates of the initialtransactions.

• Exchange Differences:

Exchange difference arising on the settlementof monetary items or on reporting monetaryitems of Company at rates different from thoseat which they were initially recorded during theyear or reported in previous financial statementsare recognized as income or as expenses in theyear in which they arise.

1.3.11 Employee Benefits

• Defined Contribution Plan

Employer''s contribution to Provident Fund/Employee State Insurance which is in the natureof defined contribution scheme is expensed offwhen the contributions to the respective fundsare due. There are no other obligations otherthan the contribution payable to the fund.

• Defined Benefit Plan

a. Gratuity

Gratuity liability is definedbenefit obligation. Such liability is providedonly for employees who have completed 5 years of continuous service as per the provisions of the Payment of Gratuity Act, 1972.

b. Compensated absences

Compensated absences which are defined benefit obligation are provided for based on number of leaves outstanding as on balance sheet date according to the policy of the company.

1.3.12 Dividends

Annual dividend distribution to the shareholders is recognized as a liability in the period in which the dividend is approved by the shareholdersin Statement of changes in Equity. Any interim dividend paid is recognized on approval by Board of Directors.

1.3.13 Investment property

i. Assets which are held for long-term rental yields or for capital appreciation or both, are classified as Investment Properties. Investment properties are measured initially at cost, including transaction osts. Subsequent to initial recognition, investment properties are stated at cost less accumulated depreciation and accumulated impairment loss, if any. The Company has elected to regard previous GAAP carrying values of investment properties as deemed cost at the date of transition to Ind AS.

ii. The Company depreciates investment properties over their estimated useful lives, as specified in Schedule II to the Companies Act, 2013.

iii. Investment properties are derecognised either when they have been disposed off or when they are permanently withdrawn from use and no future economic benefit is expected from their disposal. The difference between the net disposal proceeds and the carrying amount of the asset is recognised in Statement of Profit and Loss in the period in which the property is derecognized.

The following table provides an analysis of financial instruments that are measured subsequent to initial recognition at fair value, grouped into level 1 to level 3 as described below.

Level 1 - Quoted prices in an active market:

This level of hierarchy includes financial assets that are measured by reference to quoted prices (unadjusted) in active markets for identical assets or liabilities. This category consists of mutual fund investments.

Level 2 - Valuation techniques with observable inputs:

This level of hierarchy includes financial assets and liabilities, measured using inputs other than quoted prices included within level 1 that are observable for the asset or liability, either directly (i.e., as prices) or indirectly (i.e., derived from prices). There are no Financial Instruments to be classified under this category.

Level 3 - Valuation techniques with significant unobservable inputs:

This level of hierarchy includes financial assets and liabilities measured using inputs that are not based on observable market data (unobservable inputs). Fair values are determined in whole or in part, using a valuation model based on assumptions that are neither supported by prices from observable current market transactions in the same instrument nor are they based on available market data. There are no Financial Instruments to be classified under this category.

33.2.7 Financial Risk Management Objectives and Policies

The company is exposed to financial risks arising from its operations and the use of financial instruments. The key financial risks include interest rate risk, foreign currency risk, market risk, credit risk and liquidity risk. The company has a risk management policy which not only covers the foreign exchange risks, but also other risks associated with financial assets and liabilities such as interest rate risks and credit risks. The risk management framework aims to:

1. Create a stable business planning environment by reducing the impact of currency and interest rate fluctuations on the company’s business plan.

2 .Achieve greater predictability to earnings by determining the financial value of the expected earnings in advance.

The following sections provide the details regarding the Company’s exposure to the financial risks associated with financial instruments held in the ordinary course of business and the objectives policies and processes for the management of these risks.

(i) Market Risk:

Market risk is the risk that the fair value or future cash flows of a financial instrument will fluctuate because of changes in market prices. Market prices comprise three types of risk currency rate risk, interest rate risk and other price risks such as equity risk. Financial instruments affected by market risk include deposits and mutual funds.

a. Interest Rate Risk

Interest rate risk is the risk that the fair value or future cash flows of the Company and the Company’s financial instruments will fluctuate because of changes in market interest rates. Since the Company has no interest-bearing debts, exposure to interest rate risk is minimal.

b. Foreign Currency Risk

Currency risk is the risk that the value of a financial instrument will fluctuate due to changes in foreign exchange rates. Currency risk arises when transactions are denominated in foreign currencies. The Company has no transactional currency exposures arising from goods supplied or received that are denominated in a currency other than the functional currency. Hence exposure to foreign currency risk is Nil.

c. Other price risk

Other price risk is the risk that the fair value or future cash flows of the Company’s financial instruments will fluctuate because of changes in market prices (other than those arising from interest rate risk or currency risk) whether those changes are caused by factors specific to the individual financial instrument or its issuer or by factors affecting all similar financial instruments traded in the market.

(ii) Credit Risk:

Credit risk is the risk that counterparty will not meet its obligations under a financial instrument or customer contract, leading to a financial loss. The credit risk arises from its operation activity primarily from trade receivable and from its financial activity. Customer credit risk is controlled by analysis of credit limit and credit worthiness of the customer on a continuous basis to whom the credit has been granted.

Long outstanding receivable from customer are regularly monitored. The maximum exposure to credit risk at the reporting date is the carrying value of trade and other receivable.

(iii) Liquidity Risk:

The risk that an entity will encounter difficulty in meeting obligations associated with financial liabilities that are settled by delivering cash or another financial asset.

The company ensures that it has sufficient cash on demand to meet expected operational demands including the servicing of financial obligations; this excludes the potential impact of extreme circumstances that cannot reasonably be predicted.

The table below summarizes the maturity profile of the Company’s financial liabilities based on contractual undiscounted payments:

xiv. The Company has not applied for any Schemes of Arrangements under sections 230 to 237 of the

Act

xv. a) The Company has not advanced to or loaned to or invested funds in any other person(s) or entity(ies), including foreign entities (intermediaries) with understanding that such 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 Beneficiaries) or

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

(b) The Company has not received any funds from any person(s) or entity(ies), including foreign entities (funding party) with understanding (whether recorded in writing or otherwise):

(i ) directly or indirectly lend or invest in other persons or entities identified in any manner whatsoever by funding party (Ultimate Beneficiaries) or

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

33.5 there is no additional information to disclose as required by para 7 of the General Instructions on

P & L preparation given in Part II of the DIVN II of Schedule III to the Companies Act 2013 for the year under report other than the disclosed at the appropriate places

i. Undisclosed income-The company has no transactions that were not recorded in books of accounts that has been surrendered or disclosed as income during the year in the tax assessments under Income tax act 1961.

ii. The Company is not covered under the obligation to incur CSR Expenditure as per section 135 of the Companies Act, 2013.

iii. The Company has not invested or traded in Crypto currency or Virtual Currency.

33.6 Previous Year’s figures have been reclassified, wherever necessary so as to conform with those of Current Year.

33.7 Recent accounting pronouncements:

The Ministry of Corporate Affairs (MCA) notifies new standards or amendments to the existing standards under Companies (Indian Accounting Standards) Rules as issued from time to time. For the year ended 31st March 2024 MCA has not notified any new standard or amendments to the existing standards applicable to the Company.

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Mar 31, 2013

1.1. Financial statements of the Company have been prepared on ''going concern basis'' despite:

a. Complete erosion of net worth as at 31 March 2013;

b. Current liabilities exceeded the current assets by Rs.474.72 Lakhs as at 31 March 2013; and

c. Uncertainty associated with the operations of the company.

1.2. Contingent Liabilities not provided for in respect of:

Particulars As at 31 March 2013 As at 31 March 2012

i) Bank Guarantees issued by Bankers 37,20,000 11,20,000

ii) A claim made by a Civil Contractor at Baroda, as the matter is pending in Civil Court. NIL 1,11,00,000

iii) Claims made by dealers/ distributors not acknowledged by the Company 5,94,315 5,94,315

1.3. Interest accrued and due on Distributor/Dealer deposits

In view of the Company''s adverse financial position, interest payable to various distributors and dealers on their deposits would be negotiated with them for waiver. Hence, no provision is made for interest for the current year amounting to Rs.6,40,343/-(Previous year: Rs.6,41,221/-) and interest for earlier years amounting to Rs.71,65,255/. Had the interest provision been made, the profit for the current year would have been less by Rs.6,40,343/- and current liabilities would have been more by Rs.78,05,598/-.

1.4. Claims receivable (included under other current assets)

During the year, the Company has recognized Rs.7,23,273 (previous year: Rs.4,18,024) as income, which is the minimum commitment charges and the operational loss in respect of Aurangabad bottling plant, collectible from the operations Agent.

1.5. Additional information

a. Value of imports calculated on C.I.F basis during the financial year:

The Company has no imports for the current financial year and the previous year to report.

b. Expenditure in foreign currency during the financial year on account of:

The Company has no expenditure in foreign currency for the current financial year and the previous year to report.

c. Earnings in foreign exchange:

The Company has no earnings in foreign exchange for the current financial year and the previous year to report.

d. The value of consumption of imported and indigenously obtained raw materials, stores and spare parts and the percentage of each to the total consumption:

2. Disclosures in accordance with the requirements of Accounting Standards stated under the Companies (Accounting standards) Rules 2006.

The Company has made disclosures in accordance with the accounting standards as applicable for the year under report.

2.1 Segment Reporting

The Company operates only in one business segment namely, sale of gas and hence the requirements of AS - 17 are not applicable.

2.2. Taxes on income

2.2.1. Current Tax

Provision for current tax is not made, in view of the brought forward unabsorbed depreciation and business loss, in accordance with the provisions of the Income-tax Act, 1961 as well as book profits tax under Section 115JB of the Income-tax Act, 1961.

2.2.2. Deterred tax

In view of the absence of reasonable certainty that sufficient future taxable income will be available against which deferred tax asset can be realized, the Company has considered it prudent not to provide for deferred tax asset of Rs. 4.84 crores (Previous Year Rs. 4.93 crores), in accordance with Accounting Standard - 22, Accounting for taxes on income, resulted on account of brought forward losses and unabsorbed depreciation.

3. Dues to Micro, Small and Medium Enterprises

On the basis of details furnished by the suppliers, there are no amounts to be reported as dues to micro, small and medium enterprises as required under section 22 of the Micro, Small and Medium Enterprises Development Act, 2006 (MSMED Act).

4. Previous Year''s figures

Previous Year''s figures have been reclassified, wherever necessary so as to confirm with the requirements of the Revised Schedule VI to the Companies Act 1956.

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Mar 31, 2012

A. Terms/ rights attached to equity shares

The company has only one class of equity shares having a face value of Rs. 10 per share. Each holder of equity share is entitled to one vote per share. The dividends recommended by the Board of Directors if any, are subject to the approval of the shareholders in the ensuing Annual General Meeting.In the event of liquidation of the Company, the equity share holders are entitled to receive the remaining assets of the Company after distribution of all preferential claims, in proportion to the number of shares held.

1. Other disclosures

1.1. The accounts have been prepared on ‘going concern basis' despite complete erosion of net worth and uncertainly associated with the operations of the company.

1.2. Contingent Liabilities not provided for in respect of: Particulars As at 31 March 2012 As at 31 March 2011

i) Bank Guarantees issued by Bankers 11,20,000 11,20,000

ii) A claim made by a Civil Contractor at Baroda, , as the matter is pending in Civil Court. 1,11,00,000 1,11,00,000

iii) Claims made by dealers/distributors not acknowledged by the Company 5,94,315 5,94,315

1.3. Interest accrued and due on trade deposits

In view of the Company's adverse financial position, interest payable to various distributors and dealers on their deposits would be negotiated with them for waiver. Hence, no provision is made for interest for the current year amounting to Rs.6,41,221/-(Previous year: Rs.6,46,801/-) and interest for earlier years amounting to Rs.65,24,034/. Had the interest provision been made, the profit for the current year would have been less by Rs.6,41,221/- and current liabilities would have been more by Rs.71,65,255/-.

1.4. Claims receivable (included under other current assets)

During the year, the Company has recognized Rs.4,18,024 (previous year: Rs 5,34,886) as income, which is the minimum commitment charges and the operational loss in respect of Aurangabad bottling plant, collectible from the operating Agent.

1.5. Current tax

Despite of book profits during the year, no tax liability arises in view of the accumulated losses and unabsorbed depreciation of earlier years.

1.6. Additional information

a. Value of imports calculated on C.I.F basis during the financial year:

The Company has no imports for the current financial year and the previous year.

b. Expenditure in foreign currency during the financial year on account of:

The Company has no expenditure in foreign currency for the'current financial year and the previous year.

c. Earnings in foreign exchange:

The Company has no earnings in foreign exchange for the current financial year and the previous year.

d. The value of consumption of imported and indigenously obtained raw materials, stores and spare parts and the percentage of each to the total consumption:

1.7. Disclosures in accordance with the requirements of Accounting andards

a. Segment Reporting

The Company operates only in one business segment namely, sale of gas and hence the requirements of AS - 17 are not applicable.

b. Related Party Disclosures ' '

The Related party disclosures as required by AS - 18 are given below:

'Director's remuneration as approved in the earlier Annual General Meeting effective from 01.08.2009 @ Rs.25,000/- RM. amounting to Rs. 17,50,000/- upto 31st March, 2012 (previous year Rs.14,50,000/-) is not provided for in the books, pending approval from the Central Government:

d. Taxes on income

In view of substantial unabsorbed depreciation and the uncertainty associated with the operations Of the Company, it is considered appropriate not to provide for deferred tax asset of Rs. 4.82 crqres (Previous Year: Rs. 5.13 crores), in accordance with Accounting Standard — 22, ‘Accounting for taxes on income'.

1.8. Previous Year's figures

Previous Year's figures have been reclassified, wherever necessary so as to confirm with the requirements of the Revised Schedule VI to the Companies Act, 1956.

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Mar 31, 2010

1. The accounts have been prepared on going concern basis despite erosion of net-worth and uncertainly associated with the operations of the company.

As at 31.03.2010 As at 31.03.2009

2. Contingent liabilities ] are not Rs. Rs. provided for in respect of

i) Bank guarantees issued by bankers 1,20,000 1,20,000

ii) A claim made by a Civil Contractor at Baroda, as the matter is pending in Civil Court. 1,11,00,000 1,11,00,000

iii) Claims made by dealers/ distributors not acknowledged by the company 13,41,056 13,41,056

iv) Entitlement of CENVAT Credit on CRCA Coils Nil 56,852 as the revenue authorities preferred an appeal before CESTAT

v) Excess demand by Maharasthra Sales Tax Department towards deferred sales tax as in the Opinion of the company, it is a wrong claim Nil 1,41,301

3. Loan from M/s.Lata Engineering Company is secured by a charge on the Fixed Assets of the Company located at plot no. 124 & 125, Tupudana Industrial Growth Center, Ranchi, Jharkhand and Open plot at Nellimerla Industrial Area, Vizianagaram Dist, Andhra Pradesh.

4. The Maharashtra State Government has permitted the Cylinder Manufacturing Plant at Aurangabad to defer the Sales Tax Liability upto Rs.399.76 Lacs from 01.06.1995 to 31.05.2005. Consequently Rs.19,81,698 (previous year Rs.19,81,698) collected by the said Plant from 01.06.1995 to 31.03.2005 is shown under Unsecured Loans. Against this, sales tax department demanded Rs.31,92,522/- which is accounted, payable in five annual installments against which company paid Rs.21,33,493 during the year leaving a liability of Rs. 10,59,029 payable by 01.05.2013 in 4 installments.

5. In view of the Companys adverse financial position interest payable to Distributors and Dealers on their Deposits would be negotiated with them for waiver. Hence, no provision is made for Interest for current year Rs.6,47,679/-(Previous year Rs.6,50,357/-) and interest for earlier years Rs. 52,29,554/-. Had the interest provision been made, the loss for the current year would have been more by Rs.6,47,679/- and accumulated losses would have been more by Rs.58,77,233/-.

6. National Savings certificates of Rs. 15,000/-are pledged with the Government Authorities.

7. (A) Sundry Debtors include:

i) Rs.11,099/- (Previous year Rs.17,160/-) receivable from Lata Engineering Co.(p). Ltd. in which two of the directors are interested. [Maximum amount outstanding Rs.91,125/- (previous year Rs. 1,24,875/-)].

ii) Rs.1,31,048/- (Previous year Rs.56,214) receivable from PKL Ltd., a company under the same management. [Maximum amount outstanding Rs.1,31,048/- (Previous year Rs.56,214/-)

(B) Loans and Advances include:

i) Rs.27,500/-(Previous year Rs. 1,41,700/-) towards Cylinder deposit returnable on surrender of cylinders, paid to PKL Ltd., which is under the same management. [Maximum amount outstanding Rs.68,06,750/- (previous year Rs.67,79,250)]

ii) Rs.1,000/- (Previous year Rs.NIL) towards Cylinder deposit returnable on surrender of cylinders, paid to Lata Engineering Co. Pvt. Ltd., in which two of the Directors are interested. [Maximum amount outstanding Rs.74,94,200/- (Previous year Rs.74,93,200)]

8. Directors remuneration as approved in the earlier Annual General Meeting effective from 01.10.2005 @ Rs.25,000/- P.M. amounting to Rs.11,50,000/- upto 1st August, 2009 (previous year Rs. 10,50,000/-) is not provided for, pending approval from Central Government.

9. Information required pursuant to the Accounting Standards issued by the Institute of Chartered Accountant; of India.

A) AS-17 Segment Reporting: Since the Company has only one business segment that is of gas trade, this accounting standard is not applicable.

B) AS-18 Related Party Disclosures:

Related Party disclosures as required by AS-18 are given below:

a) Name of the Related Party Nature of Relationship

1. PKLLtd Common Control

2. Rajiv Kabra Key Management Personnel

3. Lata Engineering Company P.Ltd Substantial Shareholder

4. Ideal Engineers Hyderabad P.Ltd

5. Kabsons Gas Equipment P. Ltd.

6 Gasolec Appliances P.Ltd Associates

7. Kabsons Technologies P.Ltd

8. S.K. Leasing Services

9. A.P.Leasing Services)

10. Detective Devices Pvt.Ltd.