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Company Information

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AIK PIPES AND POLYMERS LTD.

20 April 2026 | 09:31

Industry >> Plastics - Pipes & Fittings

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ISIN No INE0QFT01015 BSE Code / NSE Code 544072 / AIKPIPES Book Value (Rs.) 34.71 Face Value 10.00
Bookclosure 18/07/2024 52Week High 84 EPS 2.01 P/E 17.90
Market Cap. 22.85 Cr. 52Week Low 19 P/BV / Div Yield (%) 1.03 / 0.00 Market Lot 800.00
Security Type Other

NOTES TO ACCOUNTS

You can view the entire text of Notes to accounts of the company for the latest year
Year End :2025-03 

Note No : 31 Related parties

Director's Remuneration Outstanding Director's Remuneration Salary Director's Remuneration Outstanding Director's Remuneration Rent Outstanding Director's Rent Loan given Repayment of loan Taken Rent

Note No : 34 Provisions, Contingent Liabilities and Contingent Assets Contingent Liabilities and Commitments

a. Contingent Liabilities :

Rs. In Lakhs

Current Year

Prev. Year

(i)

Claims against the entity not acknowledged as debt

0

0

(ii)

Amount under (i) above includes demand from Income Tax Authorities

0

0

(iii)

GST and other related claims

0

0

(iv)

Guarantees issued

0

0

(v)

Bills discounted with Banks with recourse

0

0

(vi)

Warranties, if any, issued

0

0

(vii)

Any others,

0

0

b. Capital and Other Commitments :

Rs. In Lakhs

Current Year

Prev. Year

(i)

Estimated amount of contracts remaining to be executed on capital account not provided for

0

0

Provisions for Gratuity, GST and Direct taxes arise from legal matters, and comprise many separate cases that arise in the ordinary course of business. It is not practicable for the entity to estimate the timing of the provision, its utilisation and the attendant uncertainties in cash outflows, until the cases are resolved. The entity does not expect any reimbursements in respect of these provisions.

Note No : 35 Title Deeds of Immovable Property

All title deeds of immovable properties included in Property, Plant and Equipments are held in the name of the Company as at 31st March 2022.

Note No : 36 Revaluation of Assets

In respect of assets revalued by the company, the revaluation is based on the valuation report of the Registered Valuer as defined under Rule 2 of Companies (Registered Valuers and Valuation) Rules 2017.

Note No : 37 Loans and Advances to Promoters, Directors, KMPs and Related parties

The Company has not advanced any loans or advances in the nature of loans to specified persons viz. promoters, directors, KMPs, related parties; which are repayable on demand or where the agreement does not specify any terms or period of repayment.

Note No : 38 Benaml Properties

The Company does not have any Benami property, where any proceeding has been initiated or pending against the Company for holding any Benami property.

Note No : 39 Statement of Current Assets submitted to Banks

Statement of Current Assets submitted to Banks / FIs

The company does not have working capital limits in excess of five crore rupees from banks and financial institutions on the basis of security of current assets;

Note No : 40 Wilful Defaulter

Wilful Defaulter

The Company has not been declared as a wilful defaulter by any lender who has powers to declare a company as a wilful defaulter at any time during the financial year or after the end of reporting period but before the date when financial statements are approved.

Note No : 41 Struck Off Companies

Relationship with Struck Off Companies

The Company does not have any transactions with Companies that were struck off under Section 248 of the Companies Act, 2013 or Section 560 of Companies Act, 1956.

Note No : 43 Number of Layers of Companies

Compliance with number of Layers of Companies

The Company has complied with the number of layers prescribed under clause (87) of section 2 of the Companies Act, 2013 read with Companies (Restriction on number of Layers) Rules, 2017.

Note No : 44 Scheme of Arrangement

Compliance with Approved Scheme of Arrangements

There are no Scheme of Arrangement that has been approved by the competent authority in terms of Section 230 to 237 of the Companies Act, 2013

Note No : 45 Utilization of Borrowed funds and Share Premium

Utilization of Borrowings and Share Premium

The Company has not advanced or loaned or invested funds to any other person(s) or entity(ies), including foreign entities (Intermediaries) with the understanding that the Intermediary shall:

(a) 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

(b) provide any guarantee, security or the like to or on behalf of the Ultimate Beneficiaries

The Company has not received any fund from any person(s) or entity(ies), including foreign entities (Funding Party) with the understanding (whether recorded in writing or otherwise) that the Company shall:

(a) directly or indirectly lend or invest in other persons or entities identified in any manner whatsoever by or on behalf of the Funding Party (Ultimate Beneficiaries) or

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

Note No : 46 Borrowings from Banks and Financial Institutions

Utilization of Borrowings from Banks and Financial Institutions

Funds borrowed from Banks and Financial Institutions were utilised for the specific purpose for which they have been obtained at the balance sheet date.

Note No : 52 Undisclosed Income

The Company does not have any transaction which isnot recorded in the books of accounts but has been surrendered or disclosed as 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).

Note No : 53 Crypto Currency

Crypto Currency or Virtual Currency

The Company has not traded or invested in Crypto currency or Virtual Currency during the financial year.

Note No : 54 Events after the Reporting Period

There are no significant events after the reporting period except as disclosed in note 20(f), that require adjustments or disclosures in the standalone Ind AS financial statements as on the balance sheet date.

Note No : 55 Previous Year Figures

The figures for the corresponding previous year have been regrouped/ reclassified, wherever considered necessary, to make them comparable with current years classification.