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Company Information

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ARTSON LTD.

26 August 2025 | 12:00

Industry >> Engineering - General

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ISIN No INE133D01023 BSE Code / NSE Code 522134 / ARTSON Book Value (Rs.) -0.63 Face Value 1.00
Bookclosure 18/09/2024 52Week High 220 EPS 0.94 P/E 180.14
Market Cap. 627.64 Cr. 52Week Low 127 P/BV / Div Yield (%) -270.18 / 0.00 Market Lot 1.00
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 

k) Provisions, contingent liabilities and contingent assets

Provisions are recognised when the Company has a present legal or constructive obligation as a result of past events,
it is probable that an outflow of resources will be required to settle the obligation and the amount can be reliably
estimated. The amount recognized as a provision is the best estimate of the consideration required to settle the
present obligation at the end of the reporting period, taking into account the risks and uncertainties surrounding the
obligation. When a provision is measured using the cash flows estimated to settle the present obligation, its carrying
amount is the present value of those cash flows.

Also, when it is probable at any stage of the contract that the total cost will exceed the total contract revenue, the
expected loss is recognized immediately.

A contingent liability is:

(a) a possible obligation that arises from past events and whose existence 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; or

(b) a present obligation that arises from past events but is not recognized because:

(i) It is not probable that an outflow of resources embodying economic benefits will be required to settle the
obligation; or

(ii) The amount of the obligation cannot be measured with sufficient reliability.

l) Employee Benefits

(i) Short-term obligations

Liabilities for wages and salaries, including non-monetary benefits that are expected to be settled wholly within
12 months after the end of the period in which the employees render the related service are recognized in
respect of employees’ services and are measured at the amounts expected to be paid when the liabilities are
settled. The liabilities are presented as current employee benefit obligations in the balance sheet.

(ii) Other long-term employee benefit obligations

Other long-term employee benefits comprise of earned leave and sick leave compensated absences that are
not expected to be settled wholly within 12 months after the end of the period in which the employees renders
related services. These obligations are therefore measured as the present value of expected future payments
and expected utilisations (in case of sick leaves) to be made in respect of services provided by employees up
to the end of the reporting period using the projected unit credit method. The benefits are discounted using
the appropriate market yields at the end of the reporting period that have terms approximating to the terms
of the related obligation. Remeasurements as a result of experience adjustments and changes in actuarial
assumptions are recognized in Statement of Profit and loss.

The obligations are presented as current liabilities in the balance sheet if the entity does not have an unconditional
right to defer settlement for at least twelve months after the reporting period, regardless of when the actual
settlement is expected to occur.

(iii) Post-employment obligations

The Company operates the following post-employment schemes:

(a) defined benefit plans such as gratuity.

(b) defined contribution plans such as provident fund.

(a) Defined benefit plans - Gratuity

The liability or asset recognized in the balance sheet in respect of defined benefit gratuity plan is the
present value of the defined benefit obligation at the end of the reporting period less the fair value of
plan assets. The gratuity plan is a funded plan and the Company makes contributions to Life Insurance
Corporation of India (LIC). The defined benefit obligation is calculated annually by actuaries using the
projected unit credit method.

The present value of the defined benefit obligation is determined by discounting the estimated future cash
outflows by reference to market yields at the end of the reporting period on government bonds that have
terms approximating to the terms of the related obligation.

The net interest cost is calculated by applying the discount rate to the net balance of the defined benefit
obligation and the fair value of plan assets. This cost is included in employee benefit expense in the
statement of profit and loss.

Remeasurement gains and losses arising from experience adjustments and changes in actuarial
assumptions are recognized in the period in which they occur, directly in other comprehensive income.
They are included in retained earnings in the statement of changes in equity and in the balance sheet.

Changes in the present value of the defined benefit obligation resulting from plan amendments or
curtailments are recognized immediately in the statement of profit and loss.

(b) Defined contribution plan

The Company pays provident fund contributions to publicly administered provident funds as per local
regulations. The Company has no further payment obligations once the contributions have been paid.
The contributions are accounted for as defined contribution plans and the contributions are recognized as
employee benefit expense when they are due

m) Earnings Per Share

(i) Basic earnings per share

Basic earnings per share is calculated by dividing:

• the profit attributable to owners of the Company

• by the weighted average number of equity shares outstanding during the financial year.

(ii) Diluted Earnings per share

Diluted earnings per share adjusts the figures used in the determination of basic earnings per share to take into
account:

• the after income tax effect of interest and other financing costs associated with dilutive potential equity
shares, and

• the weighted average number of additional equity shares that would have been outstanding assuming the
conversion of all dilutive potential equity shares.

n) Operating cycle

All assets and liabilities have been classified as current or non-current as per the Company’s normal operating cycle.
The operating cycle is the time between acquisition of assets for construction/fabrication activities and their realization
in cash and cash equivalents. Based on the nature of activities performed and time between acquisition of assets for
construction/fabrication activities and their realization in cash and cash equivalents, the Company has ascertained its
operating cycle as 12 months.

o) Rounding of amounts

All amounts disclosed in the financial statements and notes have been rounded off to the nearest lakhs as per the
requirement of Schedule III, unless otherwise stated.

45. The Company has no transactions with the companies struck off under Companies Act, 2013 or Companies Act, 1956.

46. There is no income surrendered or disclosed as income during the current or previous year in the tax assessments
under the Income Tax Act, 1961, that has not been recorded in the books of account.

47. No proceedings have been initiated on or are pending against the Company for holding benami property under the
Benami Transactions (Prohibition) Act, 1988 (45 of 1988) and Rules made thereunder.

48. The Company has not been declared wilful defaulter by any bank or financial institution or government or any
government authority.

49. The Company has not advanced or loaned or invested funds to any other persons or entities, 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.

50. The Company has not received any fund from any persons or entities, 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.

51. The Company is a subsidiary of Tata Projects Limited and forms part of the TATA Group (the "Group"). The Group
includes the following Core Investment Companies (CIC) in its structure:

a) Tata Industries Limited (registered with RBI)

b) Tata Sons Private Limited (registered with RBI)

c) Pantalone Finvest Limited (registered with RBI)

d) TMF Holding Limited (registered with RBI)

e) Protraviny Private Limited (registered with RBI)

f) T S Investments (not registered with RBI)

52. The Company has not traded or invested in crypto currency or virtual currency during the current or previous year.

53. Valuation of property, plant and equipment

The Company has not revalued its property, plant and equipment (including right-of-use assets) during the current or
previous year.

54. Compliance with approved schemes of arrangements

The Company has not entered into any scheme of arrangement which has an accounting impact on current or
previous financial year.

55. Registration of charges or satisfaction with Registrar of Companies

There are no charges or satisfaction which are yet to be registered with the Registrar of Companies beyond the
statutory period.

56. Sale of Nagpur facility

The Company entered into a Business Transfer Agreements (BTA) with Tata Projects Limited, Holding Company
on November 19, 2024. The Company and Holding Company have agreed the closing date for this transaction as
November 30, 2024. Pursuant to this BTA, the Company has transferred the following assets and liabilities to Tata
Projects Limited.

For Price Waterhouse & Co Chartered Accountants LLP For and on behalf of the Board of Directors

FRN: 304026E/ E-300009

Ashish Taksali Vinayak Pai Shashank Jha

Partner Chairman Whole-Time Director & CEO

Membership No: 99625 DIN:03637894 DIN:10116448

Manoj Shah Deepak Tibrewal

Chief Financial Officer Company Secretary

Membership No. 116194 Membership No. F8925

Place: Jaipur

Date: 24th April 2025 Place: Mumbai Date: 24th April 2025