Provisions are recognized 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. Provisions are measured at the present value of management's best estimate of
the expenditure required to settle the present obligation at the end of the reporting period. Provisions are not
recognized for future operating losses.
Contingent liabilities are disclosed when there is a possible obligation arising from past events, the existence
of which 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 a present obligation that arises from past events where
it is either not probable that an outflow or resources will be required to settle or a reliable estimate of the
amount cannot be made. Where the likelihood of outflow of resources is remote, no provision or disclosure as
specified in Ind AS-37 “Provision, contingent liabilities and contingent assets” is made.
M. 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 employee's services upto the end of the reporting period and are measured at
the amount expected to be paid when the liabilities are settled.
ii) Post-employment obligations:
There are no post-employment benefit plans such as gratuity and defined contribution plans such as
provident fund.
N. Earnings Per Share:
(1) 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
(2) 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 dilute potential equity shares.
O. Statement of Cash Flows:
Cash flows are reported using the indirect method, whereby net profit/(loss) for the year 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.
For the purpose of presentation in the statement of cash flows, cash and cash equivalents include cash in
hand, cash at banks, other short term deposits and highly liquid investments with original maturity of three
months or less that are readily convertible into cash and which are subject to an insignificant risk of changes
in value.
The above statement of cash flows has been prepared under the 'indirect method' as set out in Ind AS 7
statement of cash flows.
P. Segment Reporting:
i) Identification of segments
In accordance with Ind AS 108 - Operating Segment, the operating segments used to present segment
information are identified on the basis of information reviewed by the Company's management
to allocate resources to the segments and assess their performance. An operating segment is a
component of the Company that engages in business activities from which it earns revenues and incurs
expenses, including revenues and expenses that relate to transactions with any of the Company's other
components. Results of the operating segments are reviewed regularly by the Managing Director who
has been identified as the chief operating decision maker (CODM), to make decisions about resources
to be allocated to the segment and assess its performance.
ii) Inter-segment transfers
The Company generally accounts for intersegment sales and transfers at appropriate margins.
iii) Unallocated items
Unallocated items include general corporate asset, liability, income and expense items which are not
allocated to any business segment.
iv) Segment accounting policies
The Company prepares its segment information in conformity with the accounting policies adopted for
preparing and presenting the standalone financial statements of the Company as a whole.
3. New Standards, Interpretations and Amendments Adopted by the Company
Ministry of Corporate Affairs (“MCA”) notifies new standards or amendments to the existing standards under
Companies (Indian Accounting Standards) Rules as issued from time to time. The Company has reviewed the
new pronouncements and based on its evaluation has determined that it is not likely to have any significant
impact in its financial statements.
4. Rounding of Amounts:
All amounts disclosed in the notes to accounts have been rounded off to rupees in lakhs as per the requirement
of Schedule III of the Act, unless otherwise stated.
The accompanying notes are an integral part of these standalone financial statements.
For Raj Niranjan Associates For and on Behalf of the Board of Directors
Chartered Accountants
FRN: 108309W
Raj Advani Premkrishen Malhotra Sunil Mehta
Partner Chairman Managing Director
M. No.: 039953 DIN: 00065136 DIN: 00064800
Place : Mumbai Vijay Singh Phoolka Kilpa Goradia
Date : 30.05.2025 Chief Financial Officer Company Secretary
UDIN: 25039953BMGYYP9577
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