p. Provisions
A provision is recognized when the company has a present obligation as a result of past event, it is probable that an outflow of
resources embodying economic benefit will be required to settle the obligation and a reliable estimate can be made of the
amount of the obligation. Provisions are not discounted to their present value and are determined based on the best estimate
required to settle the obligation at the reporting date. These estimates are reviewed at each reporting date and adjusted to
reflect the current best estimates.
q. Contingent liabilities
A contingent liability is a possible obligation that arises from past events whose existence will be confirmed by the occurrence
or non-occurrence of one or more uncertain future events beyond the control of the company or a present obligation that is
not recognized because it is not probable that an outflow of resources will be required to settle the obligation. A contingent
liability also arises in extremely rare cases where there is a liability that cannot be recognized because it cannot be measured
reliably. The company does not recognize a contingent liability but discloses its existence in the financial statement.
Notes:
1. The Company has duly transferred 4.75 lakhs of unspent CSR funds for FY 2023-24 to the PMNRF, in compliance with Section 135
of the Companies Act, 2013 and Schedule VII.
23.9 Additional Regulatory Information as required by schedule- III of Companies Act, 2013
i) There are no Immovable Property held in name of the Company.
ii) The company has not revalued its Property, Plant and equipment and intangible Assets as defined under rule 2 of Companies
(Registered Valuers and Valuation) Rules, 2017.
iii) The Company has not granted any loans or advances that are 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
iv) The company does not hold any Benami property. Further, no proceedings have been initiated or pending against the
company for holding any benami property under the Benami Transactions (Prohibition) Act, 1988 (45 of 1988) and the rules
made thereunder.
v) The Company has borrowings from bank or financial institutions on security of current assets as on 31st March 2025. (Refer
Note No. 06)
vi) The Company has no relationship and transactions with struck off companies.
vii) There are no charges or satisfaction to be registered with ROC during the statutory period.
viii) The Company has not traded or invested in Crypto currency or Virtual Currency during the year.
23.10 Other Notes:
a) In the opinion of the Board of Directors, Current Assets, Loans and Advance have the value which these are stated in the Balance
Sheet, if realized in the ordinary course of business and the provisions for all known liabilities is adequate and not in excess of or
less than the amount reasonably necessary.
b) The balances of Trade Receivable and Trade Payables are subject to adjustments if any on reconciliation/settlement of respective
accounts. However Balances of Trade Receivable and Trade Payables generally stand reconciled based on subsequent realizations
and payments.
c) Previous year's figures have been regrouped / reclassified wherever necessary to correspond with the current year's classification /
disclosure.
Refer Significant Accounting policies and notes to the financial statements
As per our report of even date
For and on behalf of For and on behalf of Board of Directors of
HITESH SHAH & ASSOCIATES Ducon Infratechnologies Limited
CHARTERED ACCOUNTANTS
Firm Regn No. 103716W
CA Hitesh Shah Arun Govil Harish Shetty Darshit Parikh
Partner Managing Director Executive Director Company Secretary
Membership No. 040999 DIN: 01914619 DIN: 07144684 May 30, 2025
Mumbai,
Date : May 30, 2025
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