3.9 Provisions, Contingent Liabilities and Contingent Assets
Provisions are recognized when the Company has a present legal or constructive obligation as a result of a past event;
it is probable that an outflow of economic resources will be required from the Company and amounts can be estimated
reliably. Timing or amount of the outflow may still be uncertain. Provisions are measured at the estimated expenditure
required to settle the present obligation, based on the most reliable evidence available at the reporting date, including
the risks and uncertainties associated with the present obligation. Provisions are discounted to their present values,
where the time value of money is material.
A Contingent Liability is disclosed for:
• Possible obligations which will be confirmed only by future events not wholly within the control of the Company or
• Present obligations arising from past events where it is not probable that an outflow of resources will be required to
settle the obligation or a reliable estimate of the amount of the obligation cannot be made.
In those cases, where the outflow of economic resources as a result of present obligations is considered improbable or
remote, no liability is recognized or disclosure is made.
Any reimbursement that the Company can be virtually certain to collect from a third party concerning the obligation (such
as from insurance) is recognized as a separate asset. However, this asset may not exceed the amount of the related
provision.
Contingent Assets are not recognized. However, when the inflow of economic benefits is probable, the related asset is
disclosed.
3.10 Taxes on income
Current tax is the amount of tax payable as determined in accordance with the provisions of the Income Tax Act, 1961
on the taxable income for the year and any adjustment to the tax payable or receivable in respect of previous years.
Deferred tax is recognized on temporary differences between the carrying amounts of assets and liabilities in the
financial statements and the corresponding tax base used in the computation of taxable income. Deferred tax assets
and liabilities are calculated, without discounting, at tax rates that are expected to apply to their respective period of
realization, provided those rates are enacted or substantively enacted by the end of the reporting period.
Deferred tax liability is recognized for all taxable temporary differences. A deferred tax asset is recognized for all
deductible temporary differences to the extent that it is probable that future taxable profits will be available against which
the deductible temporary difference can be utilized. Deferred tax assets are reviewed at each reporting date and are
reduced to the extent that it is no longer probable that the related tax benefit will be realized. Under the current scenario,
the company does not have any deferred tax asset or liability.
3.11 Earnings per share
Basic earnings per share is calculated by dividing the net Profit or Loss for the period attributable to equity shareholders
(after deducting attributable taxes) by the weighted average number of equity shares outstanding during the period.
To calculate diluted earnings per share, the net profit or loss (interest and other finance cost associated) for the period
attributable to equity shareholders (after deducting attributable taxes) and the weighted average number of shares
outstanding during the period are adjusted for the effects of all dilutive potential equity shares, except in case where
results are anti-dilutive.
3.12 Cash flow Statement
Cash Flow Statement, as per Ind AS-7, is prepared using the Indirect Method, whereby profit for the period is adjusted
for the effects of transactions of non-cash nature any deferrals or accruals of past or future operating cash receipts or
payments and items of income or expenses associated with investing or financing cash flows. The Cash flows from
Operating, Investing and Financing activities of the company are segregated.
4. significant management judgment in applying accounting policies and estimation of uncertainty
The preparation of the Company's standalone financial statements requires management to make judgments, estimates,
and assumptions that affect the reported amounts of Revenues, Expenses, Assets and Liabilities, and the related
disclosures. Actual results may differ from these estimates.
Significant managementjudgments
evaluation of indicators for impairment of assets - The evaluation of the applicability of indicators of impairment of
assets requires assessment of several external and internal factors which could result in deterioration of recoverable
amount of the assets.
Significant estimates
income Taxes - Significant estimates are involved in determining the provision for income taxes, including amount
expected to be paid/recovered for uncertain tax positions and also in respect of expected future profitability to assess
deferred tax asset.
Recoverability of Receivables and investments
At each balance sheet date, based on historical default rates observed over expected life, the management assesses
the expected credit loss on outstanding receivables and investments.
For K.K. Chanani and Associates For and on behalf of the Board of Directors
Chartered Accountants Balmer Lawrie Investments Limited
FRN: 322232E
saurav Dutta arvind Nath Jha samir Kumar Mohanty abhishek Lahoti
Director Director Director Company Secretary
( DIN: 10042140) (DIN: 10384829) (DIN : 10404198) (ACS 25141)
Krishna Kumar Chanani
(Partner)
Membership No: '056045
Place : Kolkata
Date: May 21, 2025
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