e) The rights, preferences and restrictions attaching to each class of shares:
(i) The Company has only one class of equity shares having a par value of ? 10/- per share
(ii) Each holder of equity shares is entitled to one vote per share.
(iii) In the event of liquidation of the Company, the holders of equity shares shall be entitled to receive any of the remaining assets of the Company, after distribution of all preferential amounts. The amount distributed will be in proportion to the number of equity shares held by the shareholders.
(iv) The Company has not declared dividend for the current year. However, in case of declaration of dividend, the distribution will be in proportion to the number of equity shares held by the shareholders
(v) The Company have been formed pursuant to the conversion of the erstwhile LLP into the company, purusant to which 1,50,00,000 were issued to the existing partners of the LLP on 21st January, 2024.
### Pursuant to the Initial Public Offering (IPO), there has been a dilution in the promoters’ percentage shareholding in the Company. This dilution does not stem from any disposal or reduction in the absolute number of equity shares held by the promoters. The change is exclusively attributable to an increase in the Company’s total issued and outstanding equity share capital due to the fresh issuance of shares to the public under the IPO. As a result, while the promoters’ absolute shareholding remains unchanged, their proportionate interest in the enhanced equity base of the Company has correspondingly decreased.
h) Management Disclosure Notes:
(i) The Company has not issued any shares pursuant to a contract without payment being received in cash in the current year.
(ii) There are no shares reserved for issue under options.
(iii) There are no securities that are convertible into equity / preference shares.
(iv) There has not been any buy-back of shares
The Company has initiated the process of identifying suppliers registered under the Micro, Small and Medium Enterprises Development Act, 2006 (the “MSMED Act”). Based on the information and confirmations received from vendors as at 31st March, 2025, and to the extent such parties have been identified by the Company, the relevant disclosures under the MSMED Act in respect of unpaid dues to such parties have been duly made.
Suppliers who could not be conclusively identified as micro or small enterprises due to non-receipt of relevant information have been classified under the category “Others” for the purpose of this disclosure.
In the opinion of the management, any interest that may be payable under the terms of the MSMED Act is not likely to be material to the financial statements, and accordingly, no provision has been made in this regard.
Certain motor vehicles recorded under the Property, Plant and Equipment of the Company are registered in the names of the Directors of the Company. However, these vehicles are exclusively used for the business purposes of the Company. The loan availed for acquisition of such vehicles has been taken by the Company servicing all loan obligations, including principal and interest. Accordingly, the Company has recognized the motor vehicles as its assets, capitalised the cost, and claimed depreciation thereon in accordance with applicable Accounting Standards.
Note No. 28: Extraordinary Items
Extraordinary Items represent
For the year ended 31st March, 2025
The management confirms that no extraordinary items have been recorded in the financial statements for the current financial year. For the year ended 31st March, 2024
During the prior year, the Company recognised an extraordinary item amounting to ^35.21 lakhs, representing a provision for employee retirement benefits, specifically gratuity liabilities accrued for past services rendered by employees transferred from Chetana Education LLP pursuant to the entity’s conversion into a corporate structure. This provision was recognised based on an independent actuarial valuation dated 21st January 2024, and relates exclusively to service periods preceding the Company’s incorporation date. Given the non-recurring and non-operational nature of this item, it has been classified and disclosed as an extraordinary item in accordance with the applicable accounting framework.
Note No. 38: Based on management’s assessment and in adherence to prudent accounting practices, the company has recognised a provision amounting to ^42.68 Lakhs in respect of trade receivables and loans and advances—both undisputed and disputed— which have been identified as doubtful of recovery. This provision has been made to adequately reflect the expected credit losses and to safeguard against potential non-realisation risks associated with these financial assets.
The measurement of this provision is derived from management’s best estimates, which are formulated by applying judgment in light of historical loss experience, prevailing industry benchmarks, and other pertinent forward-looking information. These assessments involve inherent estimation uncertainty, and actual outcomes may vary due to dynamic economic conditions and unforeseen circumstances.
Notwithstanding these uncertainties, management is of the view that the assumptions underpinning the estimation process are reasonable and consistent with the information available at the time of preparation. The company continuously reviews such estimates and revises them as necessary to ensure that the financial statements provide a true and fair view of its financial position and performance, in accordance with applicable Accounting Standards, including AS 4 and AS 29, as relevant.
Note No. 39: There are no long term contracts as on 31st March, 2025 including derivative contracts for which there are any material foreseeable losses.
Note No. 40: In the opinion of the management, provision for all known liabilities is adequate and not in excess of the amount reasonably necessary.
Note No. 41: Figures of previous years have been regrouped, rearranged and reclassified wherever necessary to conform the current period’s classification.
Note No. 42: In the opinion of the management, there are no direct personal expenses debited to the profit and loss account. However, personal expenditure if included in expenses like telephone, vehicle expenses etc. are not identifiable or separable.
Note No. 43: Balances of Trade Receivables, Trade Payables, Borrowings and Loans & Advances and Deposits are subject to confirmation.
The Company is a complainant in certain criminal proceedings initiated under Section 138 of the Negotiable Instruments Act, 1881, primarily against trade receivables for dishonour of cheques. No legal proceedings under the said section have been initiated against the Company by any counterparty.
In accordance with the principles of prudence and considering the expected credit loss model under applicable accounting standards, the management, in consultation with the Board of Directors, has carried out an assessment of the recoverability of such receivables. Based on this evaluation, adequate provisions have been recognised in the financial statements, wherever considered necessary. The assessment is based on factors including legal enforceability, historical loss experience, ageing analysis, credit risk evaluation, and past trends of default.
Such provisions have been made as a conservative measure to mitigate potential credit losses, and do not represent an admission of liability or an adverse outcome in the ongoing proceedings.
(v) Other statutory information :
a) Title deeds of Immovable Property not held in name of the Company - NIL
b) The Company has not revalued its Property, Plant and Equipment (including Right of use assets) or intangible assets during the year
c) The Company does not have any Benami property, where any proceeding has been initiated or pending against the Company for holding any Benami property.
d) The Company has not been declared wilfuldefaulter by any bank or financialinstitution or government or any government authority.
e) The Company has no relationship with struck off companies
f) The Company has no charge which is yet to be registered with Registrar of Companies beyond the statutory period.
g) The Company was not a part of any Scheme of Arrangements to be approved by the Competent Authority in terms of sections 230 to 237 of the Companies Act, 2013
h) The Company has not received any funds 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,
i) The Company has not traded or invested in Crypto currency or Virtual Currency during the financial year.
j) The Company does not have any 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)
k) The Company is in compliance with the number of layers of companies in accordance with clause 87 of Section 2 of the Act read with the Companies (Restriction on number of Layers) Rules, 2017 during the period ended 31st March, 2025
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