K. Provisions, Contingent Liabilities and Contingent
Assets:
Provisions are recognised when there is a present obligation as a
result of past events and it is probable that an outflow of
resources will be required to fulfill the obligation and in respect
of which a reliable estimate can be made. These are reviewed at
each Balance Sheet date and adjusted to reflect the current best
estimate.
A present obligation that arises from past events where it is
either not probable that an outflow of resource s will be required
to settle or a reliable estimate of the amount cannot be made, is
disclosed as a contingent liability. Contingent liabilities are also
disclosed when there is a possible obligation arising from past
events, the existence of which will be confirmed only by the
occurrence or non-occurrence of one or more uncertain future
events not wholly within the control of the Company.
Contingent Liabilities are not recognised but are disclosed in the
notes. Contingent Assets are neither recognised nor disclosed in
the Standalone Financial Statements.
L. Taxation:
Current tax is determined on the basis of the amount of tax
payable on taxable income for the year.
Deferred tax is in accordance with the Accounting Standard 22 -
"Accounting for Taxes on Income", issued by the Institute of
Chartered Accountants of India. Deferred tax is recognized,
subject to the consideration of prudence, on timing differences,
being the difference between taxable income and accounting
income that originate in one period and are capable of reversal in
one or more subsequent periods. Deferred tax assets are not
recognized unless there is virtual certainty that sufficient future
taxable income will be available against which such deferred tax
assets can be realized.
M. Cash And Cash Equivalents:
Cash and cash equivalents comprises of Cash in hand, Balances
with banks and fixed deposits less than twelve months with
banks.
N. Cash flow statement:
Cash flows are reported using the indirect method, whereby
profit / (loss) before extraordinary items and tax is adjusted for
the effects of transactions of non-cash nature and any deferrals
or accruals of past or future cash receipts or payments. The cash
flows from operating, investing and financing activities of the
Company are segregated based on the available information.
O. Borrowing Costs:
General and specific borrowing costs that are attributable to the
acquisition, construction or production of a qualifying asset are
capitalized as part of the cost of such asset till such time the
asset is ready for its intended use and borrowing costs are being
incurred. A qualifying asset is an asset that necessarily takes a
substantial period of time to get ready for its intended use. All
other borrowing costs are recognized as an expense in the
period in which they are incurred.
Borrowing cost includes interest expense, amortization of
discounts, hedge related cost incurred in connection with
foreign currency borrowings, ancillary costs incurred in
connection with borrowing of funds and exchange difference
arising from foreign currency borrowings to the extent they are
regarded as an adjustment to the Interest cost.
P. Impairment of Assets
At each balance sheet date, the Company assesses whether
there is any indication that an asset may be impaired. If any
indication exists, the recoverable amount is estimated. An
impairment loss is recognized whenever the carrying amount of
an assets exceeds its recoverable amount. Recoverable amount
is the higher of an asset's net selling price and its value in use
(present value of estimated future cash flows from continuing
use and from disposal at the end of useful life). Assets are
grouped at the lowest levels for which there are separately
identifiable cash inflows. Impairment losses recognised in prior
periods are reversed when there is a change in the estimates
used to determine the recoverable amount, except in the case of
goodwill.
Q. Earnings per share:
Basic Earnings Per Share ("EPS") is computed by dividing the net
profit / (loss) after tax for the year attributable to the equity
shareholders (after deducting preference dividends and
attributable taxes) by the weighted average number of equity
shares outstanding during the year. The weighted average
number of equity shares outstanding during the year are
adjusted for bonus shares.
For the purpose of calculating diluted earnings per share, net
profit / (loss) after tax for the year attributable to the equity
shareholders is divided by the weighted average number of
equity shares which could have been issued on the conversion
of all dilutive potential equity shares and is adjusted for the
bonus shares held by the Company.
R. Exceptional Items:
Exceptional items are those items that in management's
judgment are material items which derive from events or
transactions that fall outside the ordinary activities of the
company and which individually or, if of a similar type, in
aggregate, need to be disclosed separately by virtue of their size
or incidence.
33) In the opinion of the Board of Directors the current assets,
loan and advances are approximately of the value stated, if
realised in the ordinary course of business. The provisions for all
known liabilities is adequate and not in excess of the amount
reasonably necessary.
34) a) The Company has entered into a jointly controlled
operation arrangement on 22nd September, 2025 with
Nankani's Education Service LLP in accordance with AS 27. In
respect of such arrangement, the Company recognizes in its
standalone financial statements the assets controlled and
expenses attributable to the arrangement under pre-operative
expenses as the branch is not operative. The details are given
below:
Total Assets Controlled: ? 7,12,541
Expense Recognised under pre-operative expenses: ? 14,76,592
b) The Company has entered into a jointly controlled operation
arrangement on 02nd October, 2025 with Mr. Abhijeet
Chandrakant Amrite, Ms. Sharmilee Sanjeev Adgaonkar and Mr.
Ashutosh Chandrakant Amrite in accordance with AS 27. In
respect of such arrangement, the Company recognizes in its
standalone financial statements the assets controlled and
expenses attributable to the arrangement under pre-operative
expenses as the branch is not operative. The details are given
below:
Total Assets Controlled: ? 20,27,076
Expense Recognised under pre-operative
expenses: ? 27,03,470
35) Events occurring after the balance sheet date
Additional Stake Purchase
The Board of Directors have entered into an suplementary
agreement dated 20th May, 2026 with Zen Education and
Learning (Partnership Firm) ("ZEAL") to acquire remaining stake
of 25.50% thereby taking the total to 51.00% and making it a
subsidiary with effect from 1st April, 2026.
Proposed Dividend
The Board of Directors at their meeting held on 28th May 2026
has recommended final dividend of ? 2.00/- per equity share for
the financial year ended 31st March, 2026 which is subject to the
approval of the members at the annual general meeting. Cash
outflow will be ? 121.10 Lakhs.
36) The Company does not have any earnings in foreign
ourrenov.
37) The company operates only in one business segment which
is coaching services. Further, the company operates and
controls its business activities within India. Hence disclosure of
segment wise information is not applicable under Accounting
Standard-17 "Segment Reporting" (AS-17).
38) During the year, the company has not executed any
transaction with companies struck off under section 248 of the
Companies Act, 2013 or section 560 of Companies Act, 1956.
39) There are no transactions which were not recorded in books
of accounts and have been surrendered or disclosed as income
during the year in the tax assessments under Income Tax Act,
1961 [such as, search or survey or any other relevant provisions
of the Income Tax Act, 1961).
40) No proceeding has been initiated or pending against the
company for holding any benami property under the Benami
Transactions (Prohibition) Act, 1988 (45 of 1988) and rules made
thereunder.
41) The Company has neither traded nor invested in crypo
currency or virtual currency during the year.
42) Previous year's figures have been regrouped, rearranged or
recast to make them comparable wherever necessary.
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