I Provisions, Contingent liabilities and Contingent assets
A provision is recognised when the Company has a present obligation as a result of past event and it is probable that an outflow
of resources will be required to settle the obligation, in respect of which reliable estimate can be made. Provisions (excluding
retirement benefits and compensated absences) are not discounted to its present value and are determined based on best
estimate required to settle the obligation at the balance sheet date. These are reviewed at each balance sheet date and adjusted
to reflect the current best estimates. Contingent liabilities are not recognised in the financial statements. A contingent asset is
neither recognised nor disclosed in the financial statements.
m Cash and cash equivalents
The Company considers all highly liquid financial instruments, which are readily convertible into known amount of cash that are
subject to an insignificant risk of change in value and having original maturities of three months or less from the date of
purchase, to be cash equivalents.
The Company has issued only one class of equity shares having a par value of Rs. 10/- (previous year Rs. 10/- each) per share. Each
holder of Equity Share is entitled to one vote per share.
Company has increased its Authorised Capital from 30,00,000 Equity Shares to 60,00,000 Equity Shares vide Board Resolution dated
07th November, 2024.
Company has issued 27,44,000 Equity Shares as Bonus with Face value Rs. 10 each in the ratio of 1:1 i.e 1 equity share for 1 equity share
held on 07th November, 2024.
Out of the total issued and fully paid up shares, 531 Equity shares were originally allotted as fully paid up to Vendors &Technical Director
pursuant to the contract for consideration other than cash and 72,000 shares were allotted as fully paid bonus shares by Capitalising
General Reserves.
During the year ended 31st March 2020 the company had completed the Initial Public Offer (IPO) of its equity shares comprising a fresh
issue of 3,72,000 equity shares having a Face Value of Rs.10/- each at an offer price of Rs.52/- per share aggregating to Rs.1.93 crores.
Pursuant to the IPO the equity shares of the company have got listed on BSE Ltd (SME Platform) on 13th May 2019.
During the year ended 31st March 2023,13,72,000 Bonus equity shares were issued of Face value Rs. 10 each in the ratio of 1:1 i.e 1
equity share for 1 equity share held on 10th February, 2023.
35 Security of Current Assets Against Borrowings
The Company has been sanctioned working capital limits from Banks less than Rs.5 Crores.
36 Details of Benami Property held
The Company does not have any Benami property. No proceeding has been initiated or pending against the Company for holding any
Benami property. Further the title deeds of the immoveable property is held in the name of the Company.
37 Wilful Defaulter
The Company has not been declared as a wilful defaulter as prescribed by Reserve Bank of India.
38 Relationship with Struck off Companies
During the year, the Company had no transactions with a company which was struck off under Section 248 of the Companies Act, 2013
or Section 560 of Companies Act, 1956
39 Registration of Charge
During the year there has been no creation or modification of charge.
41 Disclosure where company has given loan or invested to other person or entity to lend or invest in another person or entity
No funds have been advanced or loaned or invested (either from borrowed funds or share premium or any other sources or kind of funds)
by the Company to or in any other person(s) or entity(ies), including foreign entities (“Intermediaries”), with the understanding, whether
recorded in writing or otherwise, that the Intermediary shall, 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 provide any guarantee, security or the like on behalf
of the Ultimate Beneficiaries.
42 Disclosure where company has received fund from other person or entity to lend or invest in other person or entity
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, 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 provide any guarantee,
security or the like on behalf of the Ultimate Beneficiaries.
43 Undisclosed Income
The Company does not have any 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 surveyor any other relevant provisions
of the Income Tax Act, 1961)
N ature of CSR activities
Company has contributed the entire funds to The Bandra Holy Family Hospital covering various health awareness programs
45 Details of Crypto Currency
During the year the Company has not dealt in any of the Crypto Currencies in whatsover form.
46 Subsequent Events
Company is in the process of shifting its Registered cum Corporate office from Goregaon to Santa Cruz by foreclosing the existing Lease
Agreement. There would be a reversal of Rent Equalisation Reserve of Rs.1,74,000 in the subsequent year.
47 Regrouping
Previous Year Figures have been regrouped / reclassified wherever necessary
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