1.10 Provisions, Contingent Liabilities and Contingent Assets
Provisions are recognised when the Company has a present obligation (legal or constructive) 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 a
reliable estimate can be made of the amount of the obligation. If the effect of the time value of money is material,
provisions are discounted using a current pre-tax rate that reflects the risks specific to the liability.
Contingent liabilities are disclosed when there is a possible obligation arising from past events, the existence of which will
be confirmed only by the occurrence or non-occurrence of one or more uncertain future events not wholly within the
control of the Company, or a present obligation that is not recognised because it is not probable that an outflow of
resources will be required to settle the obligation or the amount cannot be reliably estimated.
Contingent assets are not recognised in the financial statements. However, they are disclosed when the inflow of
economic benefits is probable.
1.11 Cash and Cash Equivalents
Cash and cash equivalents comprise cash on hand, balances with banks, and short-term fixed deposits with original
maturities of three months or less, which are subject to insignificant risk of changes in value and readily convertible into
known amounts of cash.
1.12 Earnings per Share
Basic Earnings per Share is computed by dividing the net profit or loss attributable to equity shareholders by the
weighted average number of equity shares outstanding during the year.
Diluted Earnings per Share is computed by adjusting the net profit or loss attributable to equity shareholders and the
weighted average number of shares outstanding, for the effects of all dilutive potential equity shares.
The weighted average number of shares is computed based on the number of equity shares outstanding at the beginning
of the year, adjusted by shares issued/bought back during the year multiplied by a time-weighting factor (number of days
outstanding during the year as a proportion of total number of days in the year).
1.13 Extraordinary and Exceptional Items
Income or expenses that arise from events or transactions that are clearly distinct from the ordinary activities of the
Company and are not expected to recur frequently or regularly are classified as Extraordinary Items and are disclosed
separately in the Statement of Profit and Loss.
Income or expenses arising from ordinary activities of the Company which are of such size, nature or incidence that their
disclosure is relevant to explain the performance of the Company for the period are disclosed as Exceptional Items in the
Statement of Profit and Loss.
On certain occasions, the size, type or incidence of an item of Income or Expense, pertaining to the Ordinary activities of
the Company, is such that its' disclosure improves an understanding of the performance of the Company. Such Income or
Expense is classified as an exceptional Item and accordingly disclosed in the notes forming part of Financial Statements.
1.14 Foreign Currency Transactions
Transactions in foreign currencies are recorded at the exchange rates prevailing on the date of the transaction.
Monetary Items: Foreign currency monetary assets and liabilities outstanding at the Balance Sheet date are translated at
the exchange rate prevailing on that date. The resultant exchange differences are recognised in the Statement of Profit
and Loss.
Non-monetary Items: Non-monetary items carried at historical cost are reported using the exchange rate at the date of
the transaction; non-monetary items carried at fair value are reported using the exchange rate at the date when the fair
value was determined.
i) Defined Contribution Plans
The Company makes contributions towards Provident Fund and Employee State Insurance Corporation
(ESIC) which are defined contribution plans.
The Company has no further obligation beyond its monthly contributions, which are charged to the
Statement of Profit and Loss.
Employer’s Contribution to Provident Fund: ? 1719.82 ('000) (Previous Year: ? 1302.89 ('000))
Employer’s Contribution to ESIC: ? 242.38 ('000) (Previous Year: ? 256.92 ('000))
ii) Defined Contribution Plans (Gratuity)
The Company’s liability towards gratuity is charged off in the books as and when the same are paid by
the company. The same amounts to ? 350.31 (000') for the current year.
iii) Other Long-Term Employee Benefits
Liabilities such as earned leave encashment are charged off in the books as and when the same are paid
by the company. The same amounts to ? 53.32 (000') for the current year.
iv) Short-Term Employee Benefits
Short-term employee benefits such as salaries, wages, bonus, ex-gratia, performance incentives, and
staff welfare are recognized as an expense in the Statement of Profit and Loss in the period in which the
employee renders the related service.
The Company operates mainly in the business segment of manuafacturing of Acoustic Enclosures,
Acoustic Wooden Partion and Acoustic Chambers. Further, all activities are carried out within India. As
such, there are no separate reportable segments as per the provisions of Accounting Standard (AS) 17
on 'Segment Reporting.
26.3 The Company has used accounting software’s for maintaining its books of account for the financial
year ended March 31, 2025 which has a feature of recording audit trail (edit log) facility and the same
has operated throughout the year for all relevant transactions recorded.
26.6 Contingent Liabilities and Commitments
a. There are no claims against the Company which are not acknowledged as debts.
b. The Company has no contracts remaining to be executed on capital account.
26.7 Public Issue for the 54,00,000 Equity shares was made @ 56/- Per Share in which include Rs 46/-
as premium by the Company during the Financial Year 2024-25
26.8 Provision for Income Tax has been made in accordance with provisions of Income Tax Act, 1961.
26.10 Corporate Social Responsibility (CSR)
a. CSR amount required to be spent as per Section 135 of the Companies Act, 2013 read with Schedule
VII thereof by the Company during the year is ? 1375.00 Lakh (Previous Year Nil)
b. Expenditure incurred related to Corporate Social Responsibility is ? 1375.00 Lakh (Previous Year Nil),
towards Promoting awareness programmers and initiatives focused on educating people in rural areas.
26.12 The Company has been sanctioned working capital limits in excess of Rs. 5 crore in
aggregate, at points of time during the year, from banks or financial institutions on the basis of
security of currents assets. The quarterly returns filed by the company with such banks or
financial institutions are in agreement with the Books of Account of the Company of the
respective quarters.
26.13 Previous year figures has been regrouped/reclassified wherever necessary.
As per information produced before us. FOR AND ON BEHALF OF BOARD OF DIRECTORS
For HCO & CO. Sd/- Sd/-
CHARTERED ACCOUNTANTS
FRN 001087C Mr. Manoj Kumar Gupta Mrs. Sindhu Gupta
(Managing Director ) (Director )
Sd/- (DIN-01187138) (DIN-01190580)
CA.NEERAJ BANSAL
(PARTNER) Sd/- Sd/-
(M. No. 400248)
UDIN* 25400248BMJPLU6117 Mr.Ashok Kumar Shekhawat Mrs. Pallvi Sharma
Date* 21/04/2025 (Chief Financial Officer) (Company Secretary &
Place: Delhi Compliance Officer )
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