ii) CORPORATE SOCIAL RESPONSIBILITY (CSR) :
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 funds 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:
Notes:
(i) The Company is subject to legal proceedings and claims, which have arisen in the ordinary course of business. The Com¬
pany's management does not reasonably expect that these legal actions, when ultimately concluded and determined,
will have a material and adverse effect on the Company's results of operations or financial condition.
(ii) The Company has filed an application for renewal of the Advanced Pricing Agreement (APA) for five years (FY 2021-22
to 2025-26) on 26 March 2021. The current tax working for year ended 31 March 2025 is calculated based on the APA
signed on 18th August 2021 for 5 years ended 31 March 2021.
The information has been given in respect of such vendors to the extent they could be identified as micro and small enterprises
as per the MSMED Act on the basis of information available with the Company.
34 SEGMENT REPORTING
a) Business Segments:
The Company recognizes its sale of crucibles activity as its only primary business segment since its operations predomi¬
nantly consist of manufacture and sale of crucibles to its customers. The 'Chief Operating Decision Maker' monitors the
operating results of the Company's business as single segment. Accordingly in context of Ind AS "Operating Segments"
the principle business of the Company constitute a single reportable segment. Accordingly, income from sale of crucibles
comprises the primary basis of segmental information set out in these financial statements.
b) Geographical segments:
The geographical information analyses the Company's revenues and assets by the Company's country of domicile (i.e.
India) and outside India presenting geographical information, segment revenue has been on the geographic location of
customers and segment assets which have been based on the geographical location of the assets.
c) Information about major customers:
No single customer contributed 10 per cent or more to the Company's revenue in either 2024-25 or 2023-24.
*Financial assets and liabilities include cash and cash equivalents, other balances with banks, trade receivables, other financial
assets, trade payables and other financial liabilities whose fair values approximate their carrying amounts largely due to the
short term nature of such assets and liabilities.
B. Measurement of fair values
(i) Valuation techniques and significant unobservable inputs.
Level 1: Fair value measurements are those derived from quoted prices (unadjusted) in active markets for identical assets
or liabilities
level 2: Fair value measurements are those derived from 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)
level 3: Fair value measurements are those derived from valuation techniques that include inputs for the asset or liability
that are not based on observable market data (unobservable inputs).
(ii) Valuation techniques used to determine fair value
Specific valuation techniques used to value the financial instruments include:
- the use of quoted market prices or dealer quotes for similar instruments
- the fair value of the remaining financial instruments is determined using discounted cash flow analysis.
(iii) Valuation processes
The finance team performs the valuation of financial assets and liabilities required for financial reporting purposes.
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