2.12 Provisions:
A provision is recognized when the company has a present obligation as a result of past event, it is probable
that an outflow of resources embodying economic benefits will be required to settle the obligation and are
reliable estimate can be made of the amount of the obligation. Provisions are not discounted to their present
value and are determined based on the best estimate required to settle the obligation at the reporting date.
These estimates are reviewed at each reporting date and adjusted to reflect the current best estimates. Where
the company expects some or all of a provision to be reimbursed, for example under an insurance contract,
the reimbursement is recognized as a separate asset but only when the reimbursement is virtually certain.
The expense relating to any provision is presented in the statement of profit and loss net of any
reimbursement.
2.13 Contingent liabilities:
A contingent Liability is a possible obligation that arises from past events whose existence will be confirmed
by the occurrence or non occurrence of one or more uncertain future events beyond the control of the
company or a present obligation that is not recognized because it is not probable that an outflow of resources
will be required to settle the obligation. A contingent liability also arises in extremely rare cases where there
is a liability that cannot be recognized because it cannot be measured reliably. The company does not
recognize a contingent liability but discloses its existence in the financial statements -Notes to Accounts
2.14 Borrowing Cost:
Borrowing costs directly attributable for acquisition of qualifying assets are capitalized as part of the asset.
The other borrowing costs are charged to revenue as and when they are incurred.
2.15 Earnings Per Share:
The Company records basic and diluted Earnings Per Share (EPS) in accordance with Accounting Standard 20
"Earnings Per Share”. Basic EPS is calculated by dividing the net profit or loss for the period attributable to
equity shareholders by the weighted average number of equity shares outstanding during the period. Earnings
considered in ascertaining the Company's EPS are the net profit for the period.
The weighted average number of equity shares outstanding during the period and for all periods presented is
adjusted for events, such as bonus shares, other than the conversion of potential equity shares, which have
changed the number of equity shares outstanding, without a corresponding change in resources.
For the purpose of calculating diluted EPS, the net profit or loss for the period attributable to equity
shareholders and the weighted average number of shares outstanding during the period is adjusted for the
effects of all dilutive potential equity shares; except where the results are anti-dilutive.
2.16 Cash Flow Statement
The Cash Flow Statement is prepared using the “indirect method” set out in Accounting Standard (AS) 3 “Cash
Flow Statements” and presents the cash flows by operating, investing and financing activities of the Company.
Cash and Cash equivalents presented in the Cash Flow Statement consist of cash on hand and unencumbered,
highly liquid bank balances.
2.16 Cash and cash equivalents:
Cash comprises cash on hand. Cash equivalents are short-term balances (with an original maturity of three
months or less from the date of acquisition), highly liquid investments that are readily convertible into known
amounts of cash and which are subject to insignificant risk of changes in value. For the purpose of the statement
of cash flows, cash and cash equivalents consist of net of outstanding bank overdrafts as they are considered an
integral part of the Company's cash management.
Unless specifically stated otherwise, the above policies are consistently followed.
(B)
(i) The Company do not have any Benami property, where any proceeding has been initiated or pending
against the Company for holding any Benami property.
(ii) The Company has not entered into any transactions with companies struck off under section 248 of the
Companies Act, 2013 or section 560 of Companies Act, 1956 during the year ended 31st March, 2026.
(iii) The Company or its promoters has not been declared wilful defaulter by any bank of financial
Institution or other lender.
(iv) The Company have not traded or invested in Crypto currency or Virtual Currency during the financial
period.
(v) The Company have 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,
(vi) The Company have 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,
(vii) The Company have no such transaction which is not recorded in the books of accounts that 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),
(viii) Compliance with regards to the number of layers prescribed under clause (87) of section 2 of the
Companies Act 2013 read with Companies (Restrictions on number of Layers) Rules, 2017 is not
applicable to the Company,
(ix) The provision regarding CSR expenses under Sec 135 of the Companies Act, 2013 are not applicable to
company,
(x) The Company does not have any Scheme of Arrangements which have been approved by the Competent
Authority in terms of sections 230 to 237 of the Act.
(xi) Other information:
-The Company has not entered into any scheme of arrangement which has an accounting impact on
current or previous financial year.
-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.
-The Company has not revalued its property plant and equipment or intangible assets or both during
current period or previous year
-There are no charges or satisfaction which are yet to be registered with the Registrar of Companies
beyond the statutory period.
-There are no Core Investment Companies (CIC) in the group.
-The Company has not granted any loans or advances to Directors', KMPs and related parties either
severally or jointly with any other persons that are: a) repayable on demand or b) without specifying
any terms or period for repayment.
-On 21 November 2025, the Government of India notified four Labour Codes consolidating 29 existing
labour laws. The Ministry of Labour and Employment has issued draft Central Rules and FAQs to
facilitate assessment of the financial impact arising from these changes. Accordingly, the Company has
considered restructured compensation of employees to assess and account for the incremental impact
under Employee benefits expenses in the Statement of Profit and Loss during the year ended 31st
March 2026. The Company continues to monitor the notification of final Central/State rules and related
clarifications and will evaluate and account for any additional impact in the period in which such rules
are notified or clarifications issued.
-In the opinion of the management the value on realization of current assets, Loans and Advance in the
ordinary course of business, will not be less than the value at which these are stated in the Balance
Sheet.
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