|
Note
|
Particulars
|
31st March
|
31st March
|
| |
|
2025
|
2024
|
| |
|
(?) in lacs
|
(?) in lacs
|
|
22.1
|
Contingent liabilities and commitments (to the extent not provided for)
|
|
|
|
(i)
|
Contingent liabilities
(a) Claims against the Company not acknowledged as debt
|
Nil
|
Nil
|
| |
(b) Guarantees
|
Nil
|
Nil
|
22.2 Disclosures required under Section 22 of the Micro, Small and Medium Enterprises Development Act, 2006
Micro, Small and Medium Enterprises in terms of section 22 of the Micro, Small and Medium Enterprises Development Act, 2006 have been determined to the extent such parties have been identified on the basis of information available with the Company and relied upon by the auditors. Since the relevant information is not readily available, no disclosures have been made in the accounts. However, in the opinion of the management, the impact of interest, if any, that may be payable in accordance with the provision of this Act is not expected to be material.
22.4 In the opinion of the Board, assets other than fixed assets do have a value on realisation in the ordinary course of business at least equal to the amount at which they are stated.
22.5 During the year under consideration, there is no tax effect of timing difference resulting from the recognition of items in the financial statements and in estimating its current tax provision. Hence, no provision for deferred tax is made. Further, as a matter of prudence, in the absence of any virtual certainty, the company has not created deferred tax asset on accumulated losses.
22.6 Since the Company has less than prescribed number of employees, it recognises gratuity and leave salary expense on payment basis and no liability for the same has been ascertained and provided in the accounts. Hence, the company is not required to comply with the provisions of IND AS-19 “Employee Benefits”.
22.7 Previous year's figures have been regrouped/reclassified wherever necessary to correspond with the current year's classification/disclosure.
|