25. Taxes of Income:
Deferred Tax Asset amounting to Rs.0.20/- (in Lakhs) has been recognized due to the differences arising on account of Depreciation during the year under consideration.
26. Balances of trade receivables, Loans and Advances are Subject to Confirmation.
27. There are no dues to MSME outstanding for more than 45 days.
28. Additional Regulatory Information
I. The Company does not hold any immovable properties.
II. The Company has not revalued its Property, Plant and Equipment.
III. The Company has not granted any loans or advances in the nature of loans to promoters, directors, KMPs and other related parties.
IV. There are no proceedings initiated or are pending against the company under the Benami Transactions (Prohibition) Act, 1988 (45 of 1988) and rules made there under.
V. The Company has not been sanctioned working capital limits in excess of five crore rupees, in aggregate, from banks or financial institutions on the basis of security of current assets at any point of time during the year.
VI. The Company is not declared as wilful defaulter by any bank or financial institution or others lenders
VII. The Company did not have any transactions with Companies struck off under Section 248 of Companies Act, 2013 or Section 560 of Companies Act, 1956 considering the information available with the Company.
VIII. There are no charges or satisfactions yet to be registered with ROC beyond the statutory period by the Company.
X. The company does not have any Scheme of Arrangements which is to be approved by the Competent Authority in terms of sections 230 to 237 of the Companies Act, 2013 during the year.
(A) The company has not advanced or loaned or invested funds (either borrowed funds or share premium or any other sources or kind of funds) to any other person(s) or entity(ies), including foreign entities (Intermediaries) with the understanding (whether recorded in writing or otherwise) that the Intermediary shall (i) 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 (ii) provide any guarantee, security or the like to or on behalf of the Ultimate Beneficiaries.
(B) The company has also 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 (i) 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 (ii) provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries.
XII. The company does not have any transactions which are not recorded in the books of accounts that has been surrendered or disclosed as income in the tax assessments under the Income Tax Act ,1961 during any of the years.
XIII. The company has not covered under the provisions of section 135 of the Companies Act, 2013.
XIV. The company did not trade or invest in the crypto currency or virtual currency during the financial year. Hence, disclosures relating to it is not applicable.
29. The Board of Directors have declared a final dividend of Rs.0.02/ - per equity share of Rs. 2/- each for the financial year 2023-24, subject to approval of shareholders in their ensuring Annual General Meeting.
30. All the figures have been presented in Lakhs and rounded off up to 2 decimals.
31. This financial year being the first year of consolidation, no comparative figures are been presented in the consolidated financial statements
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