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(
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Rupees In Lakhs. )
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29
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Contingent liabilities and commitments (to the extent not provided for)
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As at
31st March, 2024
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As at
31st March, 2023
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29.1
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Contingent liabilities
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|
|
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Claims against the company not acknowledged as debt
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-
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-
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Guarantees
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133.44
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153.12
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Other money for which the company is contingently liable
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|
|
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29.2
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Commitments
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|
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Estimated amount of contracts remaining to be executed on capital account and not provided for;
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-
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-
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Uncalled liability on shares and other investments partly paid
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-
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-
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Other commitments (specify nature).
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-
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-
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30 Since the Company doesn't hold and Immovable Property, hence the clause in relation to "Title deeds of Immovable Property not held in name of the Company" is Not Applicable
31 The Company has not revalued its Property, Plant and Equipment, during the year.
32 The Company has no Relationship with Struck off Companies.
34 The Company doesn't hold any Benami Property. Consequently no proceedings have been initiated or pending against the company for holding any such benami property
35 Company has not been declared as a Wilful defaulter by any Bank or Financial Institution or other lender
37 Utilisation of Borrowed funds have been done for the purpose they were borrowed for as per the terms of the Bank Sanction.
38 The Company has no undisclosed income
39 The Company have not traded or invested in Crypto currency or Virtual currency during the year
40 In the opinion of the board of directors the current assets, loan & advances are realisable in ordinary course of business at least equal to the amount at which they are stated in the Balance Sheet.
41 The company has not received information from vendor and service provider regarding their status under the Micro, Small and Medium Enterprises Development Act, 2006 and hence, disclosures relating to amounts unpaid as at the year end together with interest paid/payable under this Act have not been given.
44 The Consumption of Materials clause is not applicable to the Company
45 No employee is in receipt of remuneration exceeding in aggregate of Rs. 1,02,00,000/- if employed throughout the year or Rs. 8,50,000/- per month if employed for a part of the year.
46 Net Profit after tax for the year has been used as the numerator and number of shares has been used as denominator for calculating the basic and diluted earnings per shares
47 The Directors have waived off their right to claim the sitting fees for the Board Meeting attended by them.
48 There are no indications of impairment on any individual cash generating assets or on cash generating units in the opinion of management and therefore no test of impairment is carried out.
49 Details of loans given, investments made and security provided covered under section 186(4) of the Companies Act, 2013:-
50 All the known income and expenditure and assets and liabilities have been taken into account and that all the expenditure debited to the profit and loss account have been exclusively incurred for the purpose of the company’s business.
51 Balance in the accounts of debtors, creditors and advances are subject to confirmation/ reconciliation/adjustment from the respective parties.
52 The loans and advances made by company are unsecured and treated as current assets and not prejudicial to the interest of the company.
53 Disclosure as per AS 15 for Gratuity Liability:-
Defined Benefits plan and short term Employee benefits Gratuity (Defined Benefits Plan)
The Company has a defined benefit gratuity plan. Every Employee who has completed Five years of service get a gratutiy on death or resignation or retirement at 15 days of salary (last drawn salary) for each completed year of service. The Gratuity has been provided on the basis of valuation provided by the actuary based on Projected Unit Credit Method
54
Previous's Year Figures have been regrouped/reclassified wherever necessary to correspond with the current year's classification/disclosure.
55 Corporate Social Responsibility
Average Net Profit of the Company as per Section 135(5) of the Companies Act, 2013 is Rs 5,95,68,397/- and Two percent of average net profit of the company as per Section 135(5) of the Companies Act, 2013 is Rs 11,91,368/- and Rs 12,00,000/- has been spent towards the same.
56 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.
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