Provisions, Contingent Liabilities and Contingent Assets
A provision is recognised when the Company has a present obligation as a result of past event
and it is probable that an outflow of resources will be required to settle the obligation, in respect
of which reliable estimate can be made. Provisions (excluding retirement benefits and
compensated absences) are not discounted to its present value and are determined based on best
estimate required to settle the obligation at the balance sheet date. These are reviewed at each
balance sheet date and adjusted to reflect the current best estimates. Contingent liabilities if any
are disclosed in the Notes to Accounts. A contingent asset is neither recognised nor disclosed in
the financial statements.
Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and on hand and short-term deposits with original
maturities of three months or less that are readily convertible to known amounts of cash and which
are subject to an insignificant risk of changes in value.
Earnings per share
Basic earnings per share are calculated by dividing the net profit or loss for the period attributable
to equity shareholders by the weighted average number of equity shares outstanding during the
period. Partly paid equity shares are treated as a fraction of an equity share to the extent that they
are entitled to participate in dividends relative to a fully paid equity share during the reporting
period. The weighted average number of equity shares outstanding during the period is adjusted
for events such as bonus issue, bonus element in a rights issue, share split, and reverse share split
(consolidation of shares) that have changed the number of equity shares outstanding, without a
corres ponding c hange in resources.
Diluted earnings per share is computed by dividing the profit after tax as adjusted for dividend,
interest and other charges to expense or income relating to the dilutive potential equity shares, by
the weighted average number of equity shares considered for deriving basic earnings per share and
the weighted average number of equity shares which could have been issued on the conversion of
all dilutive potential equity shares.
27 No proceedings have been initiated or pending against the Company for holding any benami property under the Benami Transactions Prohibitions Act, 1988
and the rules thereunder as at March 31, 2025 and March 31, 2024.
28 The Company has not been declared a wilful defaulter by any bank or financial institution or other lender as at March 31, 2025 and March 31, 2024.
29 There are no charges or satisfaction registered with Registrar of Companies (RoC) within the statutory period as at March 31, 2025 and March 31, 2024.
30 The company is not covered under section 135 of the Companies Act, 2013. Hence, provision under Coporate Social Responsibilities is not applicable.
31 The requirement of number of layers as prescribed under clause (87) of section 2 of the Act read with Companies (Restriction on number of Layers) Rules,
2017 is applicable to the Company.The Company has ensured compliance with the said Rules and does not have more than the prescribed number of layers of
subsidiaries.
32 The company does not have borrowings from banks and financial institutions as at March 31, 2025 and March 31, 2024.
33 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 that the intermediary shall 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 provide any guarantee, security or
the like to or on behalf of the ultimate beneficiaries.
34 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 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 provide any guarantee, security or the like to or on behalf of the Ultimate Beneficiaries.
35 The Company did not have any transaction which was not recorded in the books of accounts that has been surrendered or disclosed as income during the
previous year in the tax assessments under the Income Tax Act, 1961.
36 The Company has no transactions with companies struck off under section 248 of the companies Act, 2013 or section 560 of companies Act, 1956.
37 The Company has not traded or invested in Crypto currency or virtual currency during the year ended March 31, 2025 and year ended March 31, 2024.
38 Wherever bills are not available, vouchers of the Company are relied upon regarding the accounting of expenses incurred.
39 The figures for the corresponding previous year have been regrouped / reclassified wherever necessary, to make them comparable.
As per our report attached of even date For and on behalf of Board of Directors,
For YCRJ & Associates Croissance Limited
Chartered Accountants
Firm's Registration No: 006927S
CA. Nataraj V. Angadi Amaresh Rao Sravan Prabhakar Mahendar Singh
Gaikward Veledandi
Partner Whole Time Director Managing Director Company Secretary
Membership No. DIN : 06824486 DIN : 02757599
UDIN: 25204729BMTDBM9872
Place: Bangalore Place: Bangalore
Date: 30-05-2025 Date: 30-05-2025
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