i. Market risk
Market risk is the risk that the fair value or future cash flows of a financial instrument will fluctuate because of changes
in market prices. Such changes in the values of financial instruments may result from changes in the foreign currency
exchange rates, interest rates, credit, liquidity and other market changes. The Company’s exposure to market risk is
primarily on account of foreign currency exchange rate risk.
a) Foreign currency exchange rate risk
The fluctuation in foreign currency exchange rates may have potential impact on the statement of profit and loss
and other comprehensive income and equity, where any transaction references more than one currency or where
assets / liabilities are denominated in a currency other than the functional currency of the Company.
b) Interest rate risk
As company is not holding any investment portfolio and further company borrowing from financial institute are
repaid regularly company is not facing any significant interest rate risk
ii. Credit risk
Credit risk is the risk of financial loss arising from counterparty failure to repay or service debt according to the
contractual terms or obligations. Credit risk encompasses of both, the direct risk of default and the risk of deterioration
of creditworthiness as well as concentration of risks. Credit risk is controlled by analysing credit limits and
creditworthiness of customers on a continuous basis to whom the credit has been granted after obtaining necessary
approvals for credit.
Financial instruments that are subject to concentrations of credit risk principally consist of trade receivables, unbilled
receivables, investments, cash and cash equivalents, bank deposits and other financial assets.
Geographic concentration of credit risk
Geographical concentration of trade receivables, unbilled receivables (previous year: unbilled revenue) and contract
assets is allocated based on the location of the customers.
iii. Liquidity risk
Liquidity risk refers to the risk that the Company cannot meet its financial obligations. The objective of liquidity risk
management is to maintain sufficient liquidity and ensure that funds are available for use as per requirements.
The company manages liquidity risk by maintaining adequate reserve, banking facilities and reserve borrowing facilities,
continuously monitoring forecast and actual cash flow and by matching the maturiy profiles of financial assets and
liabilities.
Note :32 In the opinion of the Board and to the best of their knowledge and belief all the Current Assets, Loans and Advances have
value on realisation at least of an amount at which they are stated in Balance Sheet.
Note :33 The Company has not received intimation from most of the suppliers regarding the status under the Micro, Small and
Medium Enterprise Development Act, 2006, and hence disclosure requirements in this regard as per schedule III of the
Companies Act, 2013 is not being provided.
Note :34 Figures of previous year are regrouped, rearranged and reclassified wherever necessary to correspond to figures of the
current year to extent possible / Practicable.
Note :35 During the year, the Company has not executed any transaction with companies struck off under section 248 of the Companies Act, 2013 or section 560
of Companies Act, 1956.
Note :36 There are no transactions which were not recorded in books of accounts and have been surrendered or disclosed as income during the year in the tax
assessments under Income tax Act, 1961 (such as, search or survey or any other relevant provisions of the Income Tax Act, 1961).
Note :37 Company has signed Business Transfer Agreement for sale of Thermal Overload Protector business with Shree Krishna Controls Private Limited
on 15th February 2023. During the previous year, the Company has completed the condition precedents to the closing of BTA Agreement in respect of
transferring the banking facilities to the purchaser, hence BTA Agreement has been executed in the quarter. The Company has transferred assets and
liabilities as per the agreement and gain of Rs. 17.75 thousand is booked. The company has not carried on any business during the year ended 31st
March 2024.
For and on behalf of the Board of Directors
For D. Kothary & Co.
Chartered Accountants
Firm's Registration No.105335W
Raj n i s h Kumar Pandey Lu cy MI. Massey Megha Y.Raut
Chairman & Whole-time Director Director (CFO)
(DIN: 01096119) (DIN:09424796)
Mukesh U. Jha
(Partner)
Membership No. 125024 Anushree Tekriwal
Company Secretary & Compliance
Place: Mumbai Officer
Date : 28th May 2025
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