Rights, Preference and Restrictions attached to Shares
The Company has only one class of equity shares having a par value of Rs. 10/- each. Each shareholder is eligible for one vote per share held. In the event of liquidation, the shareholders are eligible to receive the remaining assets of the Company after distribution of all preferential amounts, in proportion to their share holding.
A. Other Notes:
A.1. The indicators listed in paragraph 8 to 10 of Accounting Standard (AS-28) “Impairment of Assets” issued by the Institute of Chartered Accountants of India have been examined and, on such examination, it has been found that none of these indicators are present in case of the Company after taking into consideration derecognized assets.
A.2.In the opinion of the Board, Current Assets and Loans & Advances would have a value on realization in the ordinary course of business at least equal to the amount at which they were stated in the Financial Statements.
A.3. Information as required under Notification No. GSR 719(E) dt. 16.11.2007 issued by the Department of Company Affairs in respect of total amount payable and amount of interest thereon paid during the year and payable at the end of the year to the sundry creditors has not been disclosed as the relevant information has not been made available by the respective enterprises as regards to their status/classification into Micro, Small and Medium Enterprises.
A.6.Corporate Social Responsibility:
The Company is not covered under section 135 of Companies Act, 2013 for Corporate Social Responsibility, hence, not applicable to the Company.
A.7.Events after the Reporting Period:
No adjusting or significant non-adjusting events have occurred between the reporting date (31st March, 2025) and date of approval of these financial statements (22nd May, 2025).
A.9. Deferred Tax:
In compliance with AS-22 relating to “Accounting for Taxes on Income” issued by ICAI, the deferred tax liability accruing during the year has been recognized in the Profit and Loss Account.
A.10. The Board of Directors, in its meeting on 22ndMay, 2025, has recommended a final dividend of Rs. 0.20 per Equity Share for the financial year ended 31st March, 2025. The recommendation is subject to the approval of shareholders at the ensuing Annual General Meeting and if approved would result in a cash outflow of approximately Rs. 10.35 Lakhs.
A.11. As per MCA Notification dated 16th February, 2015, the companies whose shares are listed on SME platform as referred to in chapter XB of SEBI (Issue of Capital and Disclosures Requirements) Regulations, 2009 are exempted from the compulsory requirement of adoption of IND-AS. As the company is covered under the exempted category, it has not adopted IND-AS for preparation of financial statements.
A. 12. Figures of previous year have be re-grouped or re-arranged to make them comparable with figures of current reporting year.
B. Other Statutory Information:
B.l.The title deeds of all the immovable properties, (other than immovable properties where the Company is the lessee and the lease agreements are duly executed in favour of the Company) disclosed in the financial statements included in property, plant and equipment and capital work-in progress are held in the name of the Company as at the balance sheet date.
B.2.The Company has not revalued any of its Property, Plant and Equipment (including Right-of-Use Assets) during the year.
B.3. The Company has granted loan and advances to the related parties covered under section 185 of the Companies Act, 2013 and the Company has complied with the provisions of section 185 for the same.
B.4. The Company does not have any benami property, where any proceeding has been initiated or pending against the Company for holding any benami property
B.5.As and when required returns or statements of current assets filed by the Company with banks or financial institutions are in agreement with the books of accounts.
B.6. The Company is not declared wilful defaulter by any bank or financials institution or lender during the year
B.7. The Company does not have any transactions with companies which are struck off.
B.8. The Company does not have any charges or satisfaction which is yet to be registered with ROC beyond the statutory period.
B.9. The Company has no layers prescribed under clause (87) of section 2 of the Act read with the Companies (Restriction on number of Layers) Rules, 2017.
Note : Explanations have been provided for any change in the ratio by more than 25% as compared to 31 March 2024.
B.11. The Company has not advanced or loaned or invested funds, either from 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 :
a. 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
b. provide any guarantee, security or the like to or on behalf of the ultimate beneficiaries
The Company have 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:
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.
B.12. 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.
B.13.The Company has not traded or invested in Crypto currency or Virtual Currency during the financial year.
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