(a) Rights, Preferences and Restrictions attached to equity shares :
(b)
- The equity shares are not repayable except in the case of a buy back, reduction of capital or winding up in terms of the provisions of the Companies Act, 2013.
- Every member of the company holding equity shares has a right to attend the General Meeting of the Company and has a right to speak and on a show of hands, has one vote if he is present in person and on a poll shall have the right to vote in proportion to his share of the paid-up capital of the company.
21 SEGMENT REPORTING
The Company is exclusively engaged in the AMC business of Servicing of IT Components.This in the context of Accounting Standard (AS17) "SegmentReporting",notified under the Companies (Accounting Standards) Rules/2006/constitutes one single primary segment.
The Company does not have a secondary segment. Accordingly, disclosures required under AS 17 is not applicable.
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22
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Contingent Liabilities & Commitments
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(f In Lakhs)
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| |
|
As at
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As at
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| |
Particulars
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March 31, 2026
|
March 31, 2025
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| |
|
f
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f
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| |
I. Contingent Liabilities
(a) claims against the company not acknowledged as debt;*
|
-
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-
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| |
(b) guarantees excluding financial guarantees; and
|
-
|
-
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| |
(c) other money for which the company is contingently liable.
|
-
|
-
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| |
II. Commitments-
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|
|
| |
(a) estimated amount of contracts remaining to be executed on capital account and not provided for
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|
|
| |
(b) uncalled liability on shares and other investments partly paid
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-
|
-
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| |
(c) other commitments
|
-
|
-
|
|
23
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Dues of small enterprises and micro enterprises
|
|
(f In Lakhs)
|
| |
|
As at
|
As at
|
| |
Particulars
|
March 31, 2026
|
March 31, 2025
|
| |
|
f
|
f
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| |
(a) Dues remaining unpaid to any supplier at the end of each accounting year
|
|
|
| |
-Principal
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-
|
-
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| |
-Interest on the above
|
-
|
-
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| |
(b) the amount of interest paid by the buyer in terms of section 16 of the Micro, Small and
|
-
|
-
|
| |
Medium Enterprises Development Act, 2006, along with the amount of the payment made to the supplier beyond the appointed day during each accounting year;
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|
|
| |
(c) the amount of interest due and payable for the period of delay in making payment (which
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|
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have been paid but beyond the appointed day during the year) but without adding the interest specified under the Micro, Small and Medium Enterprises Development Act, 2006;
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|
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(d) the amount of further interest remaining due and payable even in the succeeding years,
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|
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until such date when the interest dues above are actually paid to the small enterprise, for the purpose of disallowance of a deductible expenditure under section 23 of the Micro, Small and Medium Enterprises Development Act, 2006.
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|
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Note : Based on the information available with the Company, there are no dues to Small and Micro enterprises as required to be disclosed under the Micro, Small and Medium Enterprises Development Act, 2006. The information regarding Micro and Small enterprises has been determined
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to the extent such parties have been identified on the basis of information available with the Com
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pany.
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24 Additional Regulatory Information as per Para Y of Schedule III to Companies Act, 2013:
i. The Company does not have any immovable property (other than properties where the Company is the lessee and the lease agreements are duly executed in favour of the lessee) whose title deeds are not held in the name of the company.
ii. The Company has not revalued its Property, Plant and Equipment.
iii. The Company has not granted loans or advances in the nature of 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, that are:
(a) repayable on demand or
vii. The Company does not have borrowings from banks or financial institutions on the basis of security of current assets and quarterly returns or statements of current assets are not required to filed by the Company with banks or financial institutions.
viii. The company is not declared as wilful defaulter by any bank or financial institution or other lender.
ix. The company does not have any transactions with companies struck off under section 248 of the Companies Act, 2013 or section 560 of Companies Act, 1956
x. There are no charges or satisfaction yet to be registered with Registrar of Companies beyond the statutory period.
xi. The company does not have any investments and hence, compliance with the number of layers prescribed under clause (87) of section 2 of the Act read with Companies (Restriction on number of Layers) Rules, 2017 is not applicable.
Reasons for Variation more than 25% :
(a) Current Ratio : The current ratio increased from 9.22 to 14.14 mainly due to reduction in current liabilities, particularly other current liabilities and trade payables, during the year, resulting in improvement in the liquidity position of the Company.
(b) Debt-Equity Ratio : The debt-equity ratio increased marginally from 0.02 to 0.03 primarily due to reduction in shareholders' funds on account of losses incurred during the year.
(c) Return on Equity Ratio : The return on equity ratio declined from 2.39% to negative 5.68% mainly due to loss incurred during the current year as against profit earned in the previous year.
(d) Trade Receivables turnover ratio : The trade receivables turnover ratio decreased significantly due to absence of revenue from operations during the current year as compared to revenue generated in the previous year.
(e) Trade payables turnover ratio : The trade payables turnover ratio decreased from 17.62 to 4.18 mainly due to lower operating activities and reduction in purchases / expenses during the year.
(f) Net capital turnover ratio : The net capital turnover ratio declined due to nil revenue from operations during the current year as compared to the previous year.
(g) Net profit ratio : The net profit ratio became non-applicable / declined substantially due to absence of operational revenue and losses incurred during the current year.
(h) Return on Capital employed : The return on capital employed declined from negative 5.07% to negative 11.53% mainly due to increase in operating losses during the current year.
xiii. The Company does not have any scheme of arrangements which has been approved by the Competent Authority in terms of sections 230 to 237 of the Companies Act, 2013.
xiv. 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.
xv. The Company does not have undisclosed income during the year in the tax assessments under the Income Tax Act, 1961 (such as, search or survey or any other relevant provisions of the Income Tax Act, 1961)
xvi. The Company has neither traded nor invested in Crypto currency or Virtual Currency during the financial year.
25 Previous year's figures have been regrouped / reclassified wherever necessary to correspond with the current period's classification / disclosure.
Signatures to Notes forming part of Financial Statements
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