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26 CONTINGENT LIABILITIES AND COMMITMENTS
(to the extent not provided for)
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Amount (Rs. Lakh)
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Particulars
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As at
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As at
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31.03.2025
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31.03.2024
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Contingent Liabilities
a) Claims against the company not acknowledged as debts
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23.04
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15.00
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b) Taxation matters disputed in appeals/rectification:
- Differential Duty (Excise) against which payments made
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17.54
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17.54
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1.65 lakh (previous period 1.65 lakh)
- Goods and Service Tax against which payments made
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57.71
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49.28
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2.34 lakh (previous year 1.49 lakh) c) Bank Guarantee
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84.11
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51.86
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d) Bill discounted with Banks
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9.56
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40.58
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e) Interest on unsecured loans waived off by the lenders with the
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401.17
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313.41
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right to re-compensate if the financial position of the company allows such payment subsequently Commitments
a) Estimated amount of contracts remaining to be executed on
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92.21
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157.78
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capital account (net of advances) b) Letter of credits opened for which the material has not yet
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81.72
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135.51
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been shipped
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38. ADDITIONAL REGULATORY INFORMATION
i) Title Deeds of all Immovable properties are held in the name of the company
ii) The company does not have any investment property.
iii) During the year the company has not revalued its property,plant and Equipment (including right -of-Use Assets)
iv) During the year the company has not revalued its intangible assets
v) During the year the company has not granted any Loan or advance in the nature of loans to promoters, directors,
KMPs and the related parties (as defined under Companies Act, 2013), either severally or jointly with any other person that are:
a. repayable on demand : or
b. without specifying any terms or period of repayment,
vi) The company does not have Intangible assets under development
vii) No proceeding has been initiated or pending against the company for holding any benami property under the Benami Transactions (Prohibition) Act, 1988 (45 of 1988) and rules made thereunder.
viii) The company has borrowings from banks or financial institiution on the basis of security of current assets and quarterly returns or statement of current assets filed by the company with banks or financial institutions are in agreement with books of accounts.
ix) The company is not declared wilful defaulter by any bank or financial Institution or other lender.
x) The company has not entered into any transaction with companies struck off under section 248 of the Companies Act, 2013 or section 560 of Companies Act, 1956.
xi) No charges or satisfaction yet to be registered with ROC beyond the statutory period.
xii) The compnay has complied with the number of layers prescribed under clause (87) of section 2 of the act read with companies (Restriction on number of layers) rule 2017.
xii) During the year any Scheme of Arrangements has not been approved by the Competent Authority in terms of sections 230 to 237 of the Companies Act, 2013.
xiii) Utilisation of Borrowed funds and share premium:-
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 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
xv) The company has not traded or invested in Crypto Currency or Virtual currency during the year.
39 Interest on promoter's unsecured loan for the period 01.10.2025 to 31.03.2026 amounting to Rs 87.76 lakhs (in the previous year for the period 01.07.2024 to 31.03.2025 amounting to Rs 143.68 lakhs) has been conditionally waived by the promoters with the right to recompense if the financial position of the company allows such payment subsequently.
40 Consequent to the amendmend of sec 112 of the income tax act, deferred tax liability in respect of re-statement of land at fair value in FY 2016-1 7 has been updated resulting in an increase of Rs. 96 lacs in the deferred tax expenses in the year ended Mar'25 and corresponding reduction of profit after tax for the year ended Mar'25.
41 Exceptional tem for the year ended 31st March 2026 represents one time increase in the past period employee benefit liability by Rs. 24.92 lakhs under the 'New Labour Codes' which came into effect from 21st November 2025. The The corresponding draft supporting rules under these-codes have been published. The Company continues to monitor further developments and impact, if any, will be evaluated and accounted for in accordance with applicable accounting standards.
42 Related Party Disclosure:
In accordance with the required Indian Accounting Standard (Ind As -24) on related part disclosure where control exist and where transactions have taken place and description of the relationship as identified and certified by management are as follows:
List of related parties and relationships:
A. Key management personnel
a) Mr. Ambrish Jaipuria, Executive Director
b) Mr. Rajesh Kumar Gupta, Independent Director
c) Mrs. Himalyani Gupta, Independent Director
d) Mr. Pankaj Poddar, Non Independent Director
e) Mr. Neeraj Kumar Sharma, Independent Director (ceased w.e.f. 07.01.2025)
f) Mr. Anshuman Sood, Independent Director
g) Mr. Ram Agarwal, Independent Director
h) Mr. Sanjay Gupta, Chief Financial Officer
i) Ms. Ekta Verma, Company Secretary (w.e.f. 19.01.2024 and upto 17.05.2024)
j) Ms. Niharika Gupta, Company Secretary (w.e.f. 18.05.2024 and upto 18.04.2025)
k) Ms. Priyanka Bisht, Company Secretary (w.e.f. 19.06.2025)
B. Enterprises over which key management personnel of the company and their relatives have significant influence
a) Super Sadiq Enterprises Pvt Ltd.
b) Andheri Properties and Developers Pvt. Ltd (Earlier Andheri Properties and Finance Ltd)
c) Cosmo Films Limited
d) Sitaram Jaipuria Foundation
e) AAGVENT LLP
f) Super Manganese LLP
43 It is the management's opinion that since the company is exclusively engaged in the activity of manufacture of components of electrical & electronic products which are governed by the same set of risks and returns the same are considered to constitute a single reportable segment in the context of Accounting Standard on "Segment Reporting" issued by the Institute of Chartered Accountants of India.
44 Fig ures for the previous period have been regrouped / rearranged wherever considered necessary.
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