(b)Rights, preferences and restrictions attached to shares
The Company has only one class of equity shares having at par value of Rs. 10/- per share. Each shareholder is Entitled to one vote per share. The Company declares and pay dividend in Indian rupees. The dividend proposed by the Board of Directors is subject to approval of the shareholders in the ensuing Annual General Meeting.
In the event of liquidation the Company, the holders of equity shares 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.
Terms/Rightsattached to Preference Shareholders
The Company has issued only one class of preference share having par value of Rs. 100/-each. The Preference shareholders are entitled to dividend @ 1% p.a. The Company declares and pay dividend in Indian rupees. The dividend proposed by the Directors is subject to the approval of the Shareholders in the Annual General meeting. The entitlement of Dividend to the Preference shareholders are non-cumulative. Each holder of preference shares is entitled to one vote per share only on resolutions placed before the Company which directly effect the rights attached to the preference shares. The Preference Shares are redeemable with in 20 years from the date of allotment i.e. 25th October, 2016.
A.l The management assessed that the fair values of cash and cash equivalents (including other bank balances), Other financial assets, trade payables and other financial liabilities approximates their carrying amounts largely due to the short-term maturities of these instruments.
A.2 There is no transfer between Level 1 and Level 2 fair value measurement and no transfer into and out of Level 3 fair value measurements.
Fair value of the financial instruments is classified in various fair value hierarchies based on the following three levels:
Level 1: Quoted prices (unadjusted) in active market for identical assets or liabilities.
Level 2: Inputs other than quoted price including within level 1 that are observable for the asset or liability, either directly (i.e. as prices) or indirectly (i.e. derived from prices).
The fair value of financial instruments that are not traded in an active market is determined using valuation techniques which maximize the use of observable market data and rely as little as possible on entity specific estimates. If significant inputs required to fair value an instrument are observable, the instrument is included in Level 2.
Level 3: Inputs for the assets or liabilities that are not based on observable market data (unobservable inputs).
If one or more of the significant inputs is not based on observable market data, the fair value is determined using generally accepted pricing models based on a discounted cash flow analysis, with the most significant input being the discount rate that reflects the credit risk of counterparty. This is the case with listed instruments where market is not liquid and for unlisted instruments.
The management consider that the carrying amounts of financial assets (other than those measured at fair values) and liabilities recognized in the financial statements approximate their fair value as on March 31, 2026and March31,2025.
There has been no change in the valuation methodology for Level 3 inputs during the year. There were no transfers between Level 1 and Level 2 during the year.
C. Financial risk management objectives and policies
The Company’s activities expose it to a variety of financial risks, including market risk, credit risk and liquidity risk. The Company continues to focus on a system-based approach to business risk management. The Company’s financial risk management process seeks to enable the early identification, evaluation and effective management of key risks facing the business. Backed by strong internal control systems, the current Risk Management System rests on policies and procedures issued by appropriate authorities; process of regular reviews / audits to set appropriate risk limits and controls; monitoring of such risks and compliance confirmation for the same.
(i) Market risk
Market risk is the risk that the fair value of future cash flow of financial instruments may fluctuate because of changes in market conditions. Market risk broadly comprises three types of risks namely currency risk, interest rate risk and price risk (for commodities). The above risks may affect the Company's income and expenses and / or value of its investments. The Company's exposure to and management of these risks are explained below-
(a) Interest rate risk
There is no floating rate borrowing availed by the Company during the year as well as in previous year, hence no interest rate risk arise relatingto financial liabilities.
(b) Foreign currency risk
Foreign currency risk is the risk that the fair value of future cash flows of an exposure will fluctuate due to changes in foreign exchange rates. Currently the Company does not have any foreign currency exposure.
(c) Price Risk:
Price risk is the risk of changes in price due to market condition. The Company does not have any financial asset which have price risk.
(ii) Credit risk
Credit risk is the risk of financial loss arising from counter-party failure to repay or service debt according to the contractual terms or obligations. Credit risk encompasses both the direct risk of default and the risk of deterioration of credit worthiness as well as concentration risks.
Financial instruments that are subject to credit risk and concentration thereof principally consist of Interest receivables, loans receivables, investments in preference share and other financial assets. None of the financial instruments of the Company result in material concentration of credit risk.
(iii) Liquidity risk
Liquidity risk is the risk that the Company will not be able to meet its financial obligations as they become due. The Company's principal sources of liquidity are cash and cash equivalents, the cash flow that is generated from operations and proceeds of maturing financial assets. The Company manages its liquidity risk by ensuring, as far as possible, that it will always have sufficient liquidity to meet its liabilities when due. Accordingly, no liquidity risk is perceived.
(iv) Capital management
For the purpose of the Company’s capital management, capital includes issued equity capital, reserves and debt includes borrowings. The primary objective of the Company's capital management is to maximize the shareholder value and to ensure the Company's ability to continue as a going concern.
23 Contingent Liabilities and Commitments
The Company has received a communication from BSE Limited dated 23rd April, 2026 regarding the imposition of fines for alleged non-compliances under Regulations 29, 31, 33 and 34 of the SEBI [Listing Obligations and Disclosure Requirements) Regulations, 2015, pertaining to historical periods covering the quarters from December 2014 to November 2020.Considering the same, the Company has undertaken a detailed review of its records for the relevant timeframe to ascertain the extent of actual non-compliance, and applied for waiver of some ofthem on 27th April, 2026.Contingent Liability is respect of the above matter is Rs. 4.22 Lakhs. (Previous year: Nil)
24 Segment Reporting:
The Company is engaged in single business segment & is operating within single geographical area in India.
25 The Company is not having any dues (including interest) to Micro, Small and Medium Enterprises as on the reporting date.
26 As per terms of employment, leave salary and other retiral benefits are not payable to the employees of the Company, accordingly no disclosure is required under Indian Accounting Standard 19 on "Employees Benefits".
27 The Company does not have any Benami property, where any proceeding has been initiated or pending against the Company for holding any Benami property.
28 The Company does not have any charges or satisfaction which is yet to be registered with ROC beyond the statutory period.
29 The Company has not traded or invested in Crypto currency or Virtual Currency during the financial year.
30 The Company has not advanced or loaned or invested 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
31 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:
(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 to or on behalf of the Ultimate Beneficiaries
32 The Company has no 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).
33 The Government of India has consolidated 29 labour laws into four comprehensive Labour Codes covering wages, social security, industrial relations and occupational safety w.e.f. 21st November, 2025, while the supporting rules are yet to be notified. The Company has estimated that there will be no impact in the financial results for the quarter and year ended on 31st March, 2026 as per applicability specified in the Act/Code. The Company continues to monitor developments relating to the implementation of the Labour Codes and will review and revise the estimates as and when further clarifications and Rules are notified.
34 The Company does not have any transactions with companies struck off by the Registrar of Companies.
35 The Company does not have any subsidiary or associate, therefore clause (87) of section 2 of the Act read with Companies (Restriction on number of Layers) Rules, 2017 is not applicable to the Company.
36 Previous year figures have been reclassified/regrouped wherever necessary.
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