10) Provisions, Contingent Assets and Contingent Liabilities:
Provisions are recognized when there is a present obligation as a result of a past event, it is
probable that an outflow of resources embodying economic benefits will be required to
settle the obligation and there is a reliable estimate of the amount of obligation. Provisions
are measured at the best estimate of expenditure required to settle the present obligation at
the Balance sheet date and are not discounted to its present value. Contingent Liabilities are
disclosed when there is a possible obligation or a present obligation that may but probably
will not require an outflow of resources or reliable estimate cannot be made. Contingent
Assets are neither recognized nor disclosed in the financial statements.
11) Use of estimates:
The preparation of financial statements requires estimates and assumptions to be made that
affect the reported amount of assets, liabilities, revenues and expenses. The estimates used
in preparation and presentation of financial statements are prudent and reasonable. Actual
results could differ from estimates. Any revision of accounting estimates is recognized
prospectively in the current and future periods.
12) Impairment of assets:
Assessment is done at each Balance Sheet date as to whether there is any indication that an
asset may be impaired. For the purpose of assessing impairment, the smallest identifiable
group of assets that generates cash inflows from continuing use that are largely independent
of the cash inflows from other assets or group of assets, is considered as a cash
generating unit. If any such indication exists, an estimate of the recoverable amount of the
asset/cash generating unit is made. Assets whose carrying value exceeds their recoverable
amount are written down to the recoverable amount.
Recoverable amount is higher of an assets' or cash generating units' net selling price and its
value in use. Value in use is the present value of estimated future cash flows expected to arise
from the continuing use of an asset and from its disposal at the end of its useful life.
Assessment is also done at each Balance Sheet date as to whether there is any indication that
an impairment loss recognised for an asset in prior accounting periods may no longer exist or
may have decreased.
2.2 Terms/Rights attached to equity Shares:
The Company has only one class of equity shares having face value of Rs.10 each. Each shareholder of
Equity share is entitled to one vote per share. The company declares and pays dividends in Indian Rupees.
In the event of liquidation of the Company, the equity shareholders will be entitled to receive remaining
assets of the Company, after distribution of all preferential amounts. The distribution will be in proportion
to the number of equity shares held by the shareholders.
Note 33: Code on Security Code, 2020: The Indian Parliament has approved the Code on Social Security, 2020
which would impact the contributions by the company towards Provident Fund and Gratuity. The Ministry of
Labour and Employment has released draft rules for the Code on Social Security, 2020 on November 13, 2020,
and has invited suggestions from stakeholders which are under active consideration by the Ministry. The Company
will assess the impact and its evaluation once the subject rules are notified and will give appropriate impact in its
financial statements in the period in which, the Code becomes effective and the related rules to determine the
financial impact are published.
Note 34: No funds have been advanced / loaned / invested (from borrowed funds or from share premium or from
any other sources / kind of funds) by the Company 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.
No funds have been received by the Company from any person(s) or entity (ies), including foreign entities (Funding
Parties), 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.
Note 35: Disclosures as per Schedule III are given to the extent applicable.
Note 36: Previous year figures have been regrouped and reclassified wherever considered necessary.
As per our report of even date For and on behalf of the Board
For M. Anandam & Co
Chartered Accountants Sd/- Sd/-
Anjani Kumar Agarwal Sugan Chand Sharma
Sd/- CEO and Managing Director Whole Time Director
M R Vikram DIN: 00006982 DIN:07064674
Partner
M No: 021012 Sd/- Sd/-
Sanjay Kumar Agarwal t. Sivarama Krishna
Place: Secunderabad Chief Financial Officer
Place: Secunderabad Company Secretary
Date: 29.05.2025 PAN: AFBPA1820J PAN: ANRPT1072F
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