Notes to Accounts of Oval Projects Engineering Ltd.

Mar 31, 2025

3.6 Terms / Rights attached to Equity Shares

The company has only one class of equity share having par value of Rs. 10 per share. Each holder of the equity share is entilted to one vote per share. Whenever the company declares dividend it will be paid in Indian Rupees.

In the event of liquidation of the Company, the holders of Equity Shares will be entitled to receive any of the remaining assets of the Company, after distribution of all preferential amounts. However, no such preferential amounts exist curently. The distribution will be in proportion to the number of Equity Shares held by the Shareholders.

5.4 : Loan from Banks & Other FI- against Land & Building from Indian Bank and is secured by:

- Pari Passu Charge on One one property situated in Gurugram in the name of One of the directors -Gurantee Provided by one of the director

Loan for Vehicle Finance is from Indusind Bank Ltd - Secured against the Construction Vehicle & Equipment. -Unsecured Business Loan borrowed from Banks & FI

- Business Loans are generally repayable in equal monthly instalements over the term of the loan ranging upto 3 years.

''The Company has Multiple Banking Arrangement with ICICI bank, Yes Bank, Indian Bank & Kotak Mahindra Bank, The working Capital facility is secured by hypothecation of Stock and Property of Director & Its Relatives. In the Current FY Credit Facility availed from the HDFC Bank ltd. has been taken over by Yes Bank Ltd.

Loan from Banks includes

- Funds and Non-Fund based limit of 27 Crores from ICICI Bank Ltd, 24.83 Cr from Indian Bank Ltd., 25 Cr from Yes Bank Ltd., & 15 Cr from Kotak Mahindra Bank Ltd.

Secured loan has been raised against Construction Vehicles & Equipments from Indusind Bank Ltd, there are no defaults in repayment of principle or interest.

Unsecured Loan from other has been received from The National Small Industries Corporation Ltd. and Oxyzo Financial Services Pvt. Ltd. against the bank gurantee for precurment of goods required for execution of works.

Unsecured Business Loan have been availed from Banks , NBFC, there are no defaults in repayment of principle or interest.

''The Quaterly returns or statements of the current assets filed by the company with banks are in agreement with books of accounts.

10.3. Based on the information available with the company, the balance due to Micro, Small and Medium Enterprises as defined under the MSMED Act 2006 is Rs. Nil (Previous Year Rs. Nil) and no interest has been paid or is payable under the terms of the MSMED Act 2006.

(Amount in '' Lakhs)
33	Contingent liabilities and commitments (to the extent not provided for)	As at 31st March, 2025	As at 31st March, 2024
33.1	Contingent liabilities
	Claims against the company not acknowledged as debt	707.27	649.93
	Guarantees	4305.85	3018.67
	Corporate Guarantee to Subsidiary	-	-
	Corporate Guarantee to Others	-	-
	Other money for which the company is contingently liable
33.2	Commitments
	Estimated amount of contracts remaining to be executed on capital account and not provided for;	-	-
	Uncalled liability on shares and other investments partly paid	-	-
	Other commitments (specify nature).	-	-

Note 53 : Previous Year Figures have been regrouped/reclassified wherever necessary to correspond with the current year''s classification/disclosure.

Note 54 : Corporate Social Responsibility

As per Section 135 of the companies act,2013, a company, meeting the applicability threshold, needs to spend at least 2% of its average net profit for the immediately preceding three financial years on corporate social responsibility (CSR) activities. The areas for CSR activities are eradication of hunger and malnutrition, promoting education, art and culture, healthcare, destitute care and rehabilitation, environment sustainability, disaster relief and rural development projects. A CSR committee has been formed by the company as per the act. The Company does not qualify under the Act to mandatorily allocate funds for the Activity, Hence no fund were primarily allocated to a corpus and utilized through the year on these activities which are specified in Schedule VII of the Companies Act,2013.

a) Gross amount required to be spent by the company during the year is Rs. 994588/-.

The amount of shortfall at the end of the year out of the amount required to be spent by the Company during the year : 994588/-The total of previous years’ shortfall amounts : NIL

The reason for above shortfalls by way of a note : The Company''s Committee of CSR received projects for CSR activity but could not finalise the Project to expend into.

The nature of CSR activities undertaken by the Company : Not Applicable

Note 55 : The company has obtained the declaration from Directors stating therein that the amount so advanced to the company has not been given out of the funds borrowed/acquired from others by them.

Note 56 : Pending Litigations on the Company at effect on its financial position