a) Provisions
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. When the Company expects some or all of a provision to be reimbursed, for example, under
an insurance contract, the reimbursement is recognised as a separate asset, but only when the reimbursement is virtually certain. The
expense relating to a provision is presented in the Statement of Profit and Loss net of any reimbursement. Provisions are not recognised
for future operating losses.
Provisions are measured at the present value of management’s best estimate of the expenditure required to settle the present obligation
at the end of the reporting period. The discount rate used to determine the present value is a pre-tax rate that reflects current market
assessments of the time value of money and the risks specific to the liability. The increase in the provision due to the passage of time is
recognised as interest expense.
b) Contingent Liability
Contingent Liability is disclosed in the case of:
i. A present obligation arising from the past events, when it is not probable that an outflow of resources will be required to settle the
obligation;
ii. A present obligation arising from the past events, when no reliable estimate is possible;
iii. A possible obligation arising from the past events, unless the probability of outflow of resources is remote.
1.14 LEASES
The determination of whether an arrangement is (or contains) a lease is based on the substance of the arrangement at the inception of the
lease. The arrangement is, or contains, a lease if fulfillment of the arrangement is dependent on the use of a specific asset or assets and the
arrangement conveys a right to use the asset or assets, even if that right is not explicitly specified in an arrangement.
i) Company as a Lessee
a) Right-of-use assets
The Company recognises right-of-use assets at the commencement date of the lease (i.e. the date the underlying asset is available
for use). Right-of-use assets are measured at cost, less any accumulated depreciation and impairment losses, and adjusted for any
remeasurement of lease liabilities. The cost of right-of-use assets includes the amount of lease liabilities recognised, initial direct
costs incurred, and lease payments made at or before the commencement date less any lease incentives received. Right-of-use
assets are depreciated on a straight-line basis over the shorter of the lease term and the estimated useful lives of the assets.
In respect of Leasehold Land, the Management does not expect any impairment hence no depreciation have been charged in
respect the same.
If ownership of the leased asset transfers to the Company at the end of the lease term or the cost reflects the exercise of a purchase
option, depreciation is calculated using the estimated useful life of the asset.
The right-of-use assets are also subject to impairment. Refer to note 2.6 above for accounting policies on impairment of
nonfinancial assets.
b) Lease liabilities
At the commencement date of the lease, the Company recognises lease liabilities measured at the present value of lease payments
to be made over the lease term. The lease payments primarily comprise of fixed payments.
In calculating the present value of lease payments, the Group uses its incremental borrowing rate at the lease commencement
date because the interest rate implicit in the lease is not readily determinable. After the commencement date, the amount of lease
liabilities is increased to reflect the accretion of interest and reduced for the lease payments made.
c) Short-term leases and leases of low value assets
The Company applies the short-term lease recognition exemption to its short-term leases of office spaces and certain equipment
(i.e. those leases that have a lease term of 12 months or less from the commencement date and do not contain a purchase option).
It also applies the lease of low-value assets recognition exemption to leases of office equipment that are considered to be low
value. Lease payments on short-term leases and leases of low-value assets are recognised as expense on a straight-line basis over
the lease term.
ii) Company as a Lessor
Leases in which the Company does not transfer substantially all the risks and rewards of ownership of an asset are classified as
operating leases. Rental income from operating lease is recognised on a straight-line basis over the term of the relevant lease.
Leases are classified as Finance leases when substantially all of the risks and rewards of ownership transfer from the Company to the
lessee. Amounts due from lessees under finance leases are recorded as receivables at the Company’s net investment in the leases. Finance
lease income is allocated to accounting periods so as to reflect a constant periodic rate of return on the net investment outstanding in
respect of the lease.
2.15 EARNING PER SHAREa) Basic Earnings Per Share
Basic Earnings Per Share is calculated by dividing the profit attributable to owners of the Company by the weighted average number of
equity shares outstanding during the period. Earnings considered in ascertaining the company’s earnings per share is the net profit for
the period after deducting preference dividends, if any, and any attributable distribution tax thereto for the period.
b) Diluted Earnings Per Share
Diluted Earnings Per Share adjusts the figures used in the determination of basic earnings per share to take into account the after income
tax effect of interest and other financing costs associated with dilutive potential equity shares and the weighted average number of
additional equity shares that would have been outstanding assuming the conversion of all dilutive potential equity shares.
2.16 CASH AND CASH EQUIVALENTS
Cash Flows are reported using the indirect method, whereby profit before tax is adjusted for the effects of transactions of a non-cash nature,
any deferrals or accruals of past or future operating cash receipts or payments and item of income or expenses associated with investing or
financing Cash Flows. The cash flows from operating, investing and financing activities of the Company are segregated.
Cash and cash equivalents for the purpose of Cash Flow Statement comprise cash and cheques in hand, bank balances, demand deposits with
banks where the original maturity is three months or less and other short term highly liquid investments net of bank overdrafts which are
repayable on demand as these form an integral part of the Company’s cash management.
2.17 DIVIDEND
The Company recognises a liability for dividends to equity holders of the Company when the dividend is authorised and the dividend is no
longer at the discretion of the Company. As per the corporate laws in India, a dividend is authorised when it is approved by the shareholders.
A corresponding amount is recognised directly in equity.
2.18 ROUNDING OFF
All amounts disclosed in the financial statements and notes have been rounded off to the nearest rupees in Lakhs, unless otherwise stated.
2.19 EXCEPTIONAL ITEMS
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 the understanding of the performance of the Company, such income or expense is classified as an exceptional
item and accordingly, disclosed in the notes accompanying to the financial statements.
2.20 OPERATING CYCLE
All assets and liabilities have been classified as current or non-current as per each Company’s normal operating cycle and other criteria set
out in the Schedule III to the Act
2.21 SEGMENT REPORTING
As the Company has only one primary business activity, Segment reporting is not applicable.
2.22 RECENT PRONOUNCEMENTIndian Accouting Standards:
Ministry of Corporate Affairs (“MCA”) notifies new standards or amendments to the existing standards under Companies (Indian
AccountingStandards) Rules as issued from time to time.
In May 2025, MCA notified amendments to Ind AS 21 - The Effects of Changes in Foreign Exchange Rates, applicable w.e.f. April 1, 2025.
The Company has reviewed the amendment and based on its evaluation has determined that it does not have any significant impact in its
financial statements.
In August 2025, MCA notified the following amendments to:
1 Ind AS 1, Presentation of Financial Statements, applicable w.e.f. April 1, 2025 - The amendment relates to classification of liabilities
as current or non-current and non-current liabilities with covenants. In the context of classifying a liability as current, it removes the
requirement of existence of a right to defer settlement for at least 12 months after the reporting date and instead requires that the said
right should exist on the reporting date and have substance. The amendment also introduces guidance on classification of liabilities with
covenants. The Company has no impact of these amendments in its classification criteria of current and non-current liabilities.
2 Ind AS 7, Statement of Cash Flows and Ind AS 107, Financial Instruments: Disclosures, applicable w.e.f. April 1,2025 - The amendment
in Ind AS 7 requires to inform users of financial statements of the existence of supplier finance arrangements and explain the nature of
the arrangements, the carrying amount of liabilities and the range of payment due dates. Ind AS 107 has been amended to add supplier
finance arrangements as a factor that may cause concentration of liquidity risk. The Company has reviewed the amendment and based
on its evaluation has determined that it does not have any significant impact in its financial statements.
3 Ind AS 12, International Tax Reform - Pillar Two Model Rules applicable immediately - The amendments Not applicable to the
company
The Company pursuant to its intention, have received Advance for Sale of Property classified as held for Sale. The Company is in the process
of completing the transfer of title and is expected to be completed in the financial year 2026-2027.
ii. Further the fair value of these asset is higher than its carrying value as on 31st March 2026 and hence no impairment loss has been recognised.
b) Rights, Preferences and restrictions attached to shares
The company has one class of equity shares having a face value Rs. 1/- per share. Each shareholder is eligible for one vote per share held.
In the event of liquidation, the equity shareholders will be entitled to receive any of the remaining asset of the company in proportion to the
number of equity shares held by the shareholders, after distribution of all the preferential amounts. However no such preferential amount
exist currently.
d) Other details of Equity Shares for a period of five years immediately preceding March 31, 2026
Pursuant to the approval of the shareholders of the company in their Extra-ordinary General Meeting held on October 25, 2025 the Equity
Shares of Face Value of Rs. 2/- each of the Company were sub-divided into 2 Equity Share of Face Value of Rs. 1/- each Per share w.e.f.
October 31, 2025 (Record Date).
On November 03, 2025 the Company had alloted 91,66,00,720 bonus equity shares of Rs. 1/- each (fully paid up) in the proportion of 4
bonus equity share for every 1 fully paid up equity share to eligible share holder whose name appear in the Register of Members/ Register of
Beneficial Owner as on October 31, 2025 being the record date fix for this purpose, in accordance with approval receive from the member
in their Extraordinary General Meeting held on October 25, 2025, result of which was declare on October 25, 2025. The said bonus equity
shares rank pari passu in all respects with the existing equity shares of the company. The paid-up capital on account of bonus issue of Rs.
9166.00 Lakhs has been appropriated from Security premium of the company.
As a result of the sub-division of face value of the equity shares of the company and issue of bonus shares, the paid-up capital of the company
increased from Rs. 2,291.50 Lakhs to Rs. 11,457.51 Lakhs divided into 1,14,57,50,900 number of equity shares of the company
During the financial year 2025-26, the warrant holders exercised their option to convert the warrants into equity shares of the Company.
Accordingly, 13,75,000 warrants were converted into 1,37,50,000 equity shares and 5,00,000 warrants were converted into 50,00,000 equity
shares of face value Rs.1 each (post bonus issue and stock split), upon receipt of the balance 75% of the issue price payable on such warrants.
Consequently, a total of 18,75,000 warrants were converted into 1,87,50,000 equity shares of Rs.1 each. Pursuant to the aforesaid conversion,
the paid-up equity share capital of the Company increased by 1,87,50,000 equity shares aggregating to Rs.187.5 lakhs
Accordingly, after giving effect to the sub-division, bonus issue and conversion of warrants into equity shares during the year, the issued,
subscribed and paid-up equity share capital of the Company as at March 31, 2026 stood at Rs. 11,645.01 lakhs comprising 1,16,45,00,900
equity shares of face value Rs.1 each.
e) Shares reserved for issue under options
Pursuant to Fineotex Chemical Limited Employee Stock Option Scheme 2020 (ESOP - 2020) option granted and remaining to be vested at
the end of the year is 6,19,220.
Information of stock options granted to employees are disclosed in note 41(b) regarding share based payments.
a. Description of Nature and Purpose of the Reserves
Capital Reserve
Capital Reserve was created on acquisition of Proprietorship concern “Fineotex Chemical Industries” in FY 2007-08 in Slump Sale.
Capital Redemption Reserve
The Company had purchased its own shares and as per the provisions of the applicable laws, a sum equal to the nominal value of the shares
so purchased is required to be transferred to the capital redemption reserve.
Securities Premium
The amount received in excess of face value of the equity shares is recognised in Securities Premium.The reserve is utilised in accordance
with the provisions of the Act.,to issue bonus shares,write off equity related expenses etc In case of equity settled share based payment
transactions, the difference between fair value on grant date and nominal value of share is accounted as securities premium.
Retained earnings are the accumulated profits earned by the Company till date, less transfer to general reserves, dividend (including dividend
distribution tax) and other distributions made to the shareholders.
Equity-Settled share-based payment reserve
This reserve is created by debiting the statement of profit and loss account with the value of share options granted to the employees by the
Company. Once shares are issued by the Company, the amount in this reserve will be transferred to Share capital, Securities premium or
retained earnings.
Items of Other Comprehensive Income
Remeasurements of Net Defined Benefit Plans:
Differences between the interest income on plan assets and the return actually achieved, and any changes in the liabilities over the year due to
changes in actuarial assumptions or experience adjustments within the plans, are recognised in other comprehensive income and are adjusted
to retained earnings.
Money Received against Share Warrants
During FY 2024-25, the Company issued and allotted 26,26,600 warrants on a preferential basis at an issue price of Rs.346 per warrant
and received Rs.2,272.01 lakhs, being 25% of the warrant issue price, upon allotment. Further, the Company issued and allotted 28,15,049
warrants on a preferential basis at an issue price of Rs. 387.40 per warrant and received Rs. 2,726.37 lakhs, being 25% of the warrant issue
price, upon allotment.
During FY 2025-26, certain warrant holders failed to exercise their option for conversion of warrants into equity shares within the period
prescribed under the terms of issue and the provisions of the SEBI ICDR Regulations, 2018 Consequently:
12,51,600 warrants lapsed on November 21, 2025 and the amount of Rs. 1,082.63 lakhs received against such warrants was forfeited.
Accordingly, Rs. 1,076.38 lakhs credited in Securities Premium and Rs.6.26 lakhs appearing under Money Received Against Share Warrants
were transferred to Capital Reserve.
23,15,049 warrants lapsed on January 16, 2026 and the amount of Rs.2,242.12 lakhs received against such warrants was forfeited. Accordingly,
Rs. 2,230.55 lakhs credited in Securities Premium and Rs.11.58 lakhs appearing under Money Received Against Share Warrants were
transferred to Capital Reserve.
During the year, the remaining warrant holders exercised their option for conversion of 18,75,000 warrants into equity shares. Pursuant to
such conversion and after giving effect to the bonus issue and stock split undertaken by the Company, 13,75,000 warrants were converted
into 1,37,50,000 equity shares of Rs.1 each and 5,00,000 warrants were converted into 50,00,000 equity shares of Rs.1 each.
Upon conversion of the warrants into equity shares, the balance appearing under Money Received Against Share Warrants was transferred to
Share Capital.
Note:
i. The amounts of receivable from customers become due after expiry of credit period. There is no significant financing component in any
transaction with the customers
ii. The company does not have any remaining performance obligation as contracts entered for sale of goods are for a shorter duration.
iii. Remaining Performance Obligation
The remaining performance obligation disclosure provides the aggregate amount of the transaction price yet to be recognized as at the end
of the reporting period and an explanation as to when the Company expects to recognize these amounts in revenue
The Company has applied the practical expedient under Paragraph 121(a) of Ind AS 115 - Revenue from Contracts with Customers, and
accordingly has not disclosed the aggregate amount of the transaction price allocated to performance obligations that remain unsatisfied as
at 31st March 2026.
(b) Fair Value Hierarchy
The Fair Value Hierarchy is based on inputs to valuation techniques that are used to measure fair value that are either observable or
unobservable and consist of the following three levels:
Level 1 - Inputs are quoted prices (unadjusted) in active markets for identical assets or liabilities.
Level 2 - Inputs are other than quoted prices included in Level 1 that are observable for the assets or liabilities, either directly or indirectly.
Level 3 - Inputs are not based on observable market data (unobservable inputs).
The Financial Instruments included in Level 2 of fair value hierarchy have been valued using quotes available for similar assets and liabilities
in the active market.
For Assets and Liabilities which are measured at Fair Values as at the Balance Sheet date, the classification of fair value calculations by
category is summarized below:
Measurement of Fair Values :
The fair value of the financial assets and liabilities is included at the amount at which the instrument could be exchanged in a current transaction
between willing parties, other than in a forced or liquidation sale. The following methods and assumptions were used to estimate the fair values:
- The fair values of investment in shares is the share price quoted on recognised stock exchange as on the reporting date of balance sheet.
- The fair values of investment in mutual fund is the N.A.V as on the reporting date of balance sheet.
- The fair values of interest free security deposit given / accepted is estimated by discounting cash flows using rates currently available
for instruments with similar terms, credit risks and remaining maturities. Management regularly assesses a range of reasonably possible
alternatives for those significant observable inputs and determines their impact on The total fair value.
NOTE 40: FINANCIAL RISK MANAGEMENT
The company’s activities expose it to variety of financial risks: market risk, credit risk, interest rate risk and liquidity risk. The Company has a risk
management policy which covers risks associated with the financial assets and liabilities. The risk management policy is approved by the Board
of Directors. The focus of the risk management committee is to assess the unpredictability of the financial environment and to mitigate potential
adverse effects on the financial performance of the Company.
This note explains the sources of risk which the Company is exposed to and how the Company manages the risk and the impact of hedge
accounting in the financial statements.
The Company risk management is carried out by policies approved by the board of directors. The board provides written principles for overall risk
management, as well as policies covering specific areas. There is no change in objectives, polices and process for managing the risk and methods
used to measure the risk as compared to previous year.
(a) Market Risk:-
Market risk is the risk of loss of future earnings, fair values or future cash flows that may result from a change in the price of a financial
instrument. The value of a financial instrument may change as a result of changes in the interest rates, foreign currency exchange rates, equity
prices and other market changes that affect market risk sensitive instruments. Market risk is attributable to all market risk sensitive financial
instruments including investments and deposits, foreign currency receivables, payables and loans and borrowings. The objective of market
risk management is to avoid excessive exposure in our foreign currency revenues and costs.
(a) (i) Market Risk - Interest Rate Risk
Interest rate risk is the risk that the fair value of future cash flows of the financial instruments will fluctuate because of changes in
market interest rates. The company’s exposure to the risk of changes in market interest rates primarily to the Company’s borrowings,
both short term and long term obligations with fixed and floating interest rates. However the companies exposure to floating rate
borrowings are very limited to its size of operation.
The company is also exposed to interest rate risk on its financial assets that include fixed deposits (which are part of cash and cash
equivalents) since all these are generally for short durations, there is no significant interest rate risks pertaining to these deposits.
Sensitivity analysis to interest rate risk
The company doesn’t account for any fixed rate financial assets or financial liabilities at fair value through profit or loss. Therefore, a change in
interest rates at the reporting date would not affect profit or loss.
(a) (ii) Market Risk - Price Risk (Securities)
Other price risk is the risk that the fair value of a financial instrument will fluctuate due to changes in market traded price.
Exposure to Price Risk
Other price risk arises from financial assets such as investments in equity instruments and mutual funds disclosed below.
The Company does make deposit with the banks as margin money against the borrowing facility provided by the banks. Deposit is made in fixed
rate instrument. In view of this it is not susceptible to market price risk, arising from changes in interest rates or market yields which may impact
the return and value of the investments.
(a) (iii) Market Risk - Currency Risk
The company is having import and exports as well. Accordingly the company is exposed to currency risk on account of its trade
payables and trade receivables in foreign currency. The functional currency of the company is Indian Rupees. The Company follows
a natural hedge driven currency risk mitigation policy to the extent possible. The exposed Foreign currency is not substantial to the
operation of company.
(b) Credit Risk
Credit Risk is the risk of financial loss to the Company if a customer or counterparty to a financial instrument fails to meet its contractual
obligations, and arises principally from the Company’s receivables from customers.
The carrying amount of Financial Assets represents the maximum credit exposure.
Trade Receivables
The Company has established a credit policy under which each new customer is analysed individually for creditworthiness before the
payment and delivery terms and conditions are offered. The Company’s review includes external ratings, if they are available, financial
statements, industry information, business intelligence and in some cases bank references.
Trade Receivables of the Company are typically unsecured,except to the extent of the security deposits received from the customers or
financial guarantees provided by the market organizers in the business. Credit Risk is managed through credit approvals and periodic
monitoring of the creditworthiness of customers to which the Company grants credit terms in the normal course of business. The Company
performs ongoing credit evaluations of its customers’ financial condition and monitors the creditworthiness of its customers to which it grants
credit terms in the normal course of business. The Company has no concentration of Credit Risk as the customer base is geographically
distributed in India.
Expected credit loss for trade receivable:
The allowance for impairment of Trade receivables is created to the extent and as and when required, based upon the expected collectability
of accounts receivables. On account of adoption of Ind AS 109, the Company uses lifetime Expected Credit Loss (ECL) model for assessing
the impairment loss. For this purpose, the Company uses a provision matrix to compute the expected credit loss amount for trade receivables.
Loss rates are based on actual credit loss experience and past trends. The provision matrix takes into account external and internal credit risk
factors and historical experience / current facts available in relation to defaults and delays in collection thereof. Accordingly based on the
provision matrix the expected credit losses to the company are recognised and accordingly expected credit loss provision has been created.
Other Financial Assets
The company maintains exposure in Cash and Cash equivalents and Bank deposits with banks, Equity Shares and Investments in Mutual
Funds. The Company has diversified portfolio of investment with various number of counterparties which has good credit ratings, good
reputation and hence the risk is reduced. Individual risk limits set for each counterparty based on financial position, credit rating and post
experience. Credit limits and concentration of exposures are actively monitored by the Company.
Expected credit loss on financial assets other than trade receivable:
With regards to all financial assets with contractual cash flows other than trade receivable, management believes these to be high quality
assets with negligible credit risk. The management believes that the parties from whom these financial assets are recoverable, have strong
capacity to meet the obligations and where the risk of default is negligible and accordingly no provision for expected credit loss has been
provided on such financial assets. Break up of financial assets other than trade receivables have been disclosed on balance sheet
The Company’s maximum exposure to credit risk as at 31st March, 2026,and 31st March, 2025 is the carrying value of each class of financial
assets.
(c) Liquidity Risk
Liquidity Risk is the risk that the Company will face in meeting its obligation associated with its financial liabilities that are settled by
delivering cash or another financial asset. The Company’s approach in managing liquidity is to ensure, as far as possible, that it will have
sufficient liquidity to meet its liabilities when due, under both normal and stressed conditions, without incurring unacceptable losses or
risking damage to the Company’s reputation. Any short term surplus cash generated, over and above the amount required for working capital
management and other operational requirements is retained as Cash and Cash Equivalents (to the extent required).
Exposure to Liquidity Risk
The responsibility of liquidity risk management rests with the Board of Directors, who are responsible for establishing an appropriate risk
management framework for short-, medium-, and long-term liquidity measures, ensuring adequate cash flows and banking facilities.
The following table shows the maturity analysis of the Company’s Financial Liabilities based on contractually agreed undiscounted cash
flows along with its carrying value as at the Balance Sheet Date
(d) Collateral
The Company has pledged its Non-Current as well as Current Assets to a consortium of lenders as collateral towards borrowings by the
Company. (Refer note 3,4,14 and 23)
NOTE 41: EMPLOYEE BENEFITS
(a) Retirement Benefits
As per Ind AS 19 the Company has recognized “Employees Benefits”, in the financial statements in respect of Employee Benefits Schemes
as per Actuarial Valuation as on 31st March 2026.
(A) Defined benefit plans
i Retiring Gratuity
I Expense recognized in the Statement of Profit and Loss
X Impact of Labour Codes
The Government of India notified the four Labour Codes vide notification dated November 21, 2025. The rules thereunder are yet to be
notified by the Central and State Governments; accordingly, existing labour laws continue to apply.
Actuarial valuation report does not contain amount of potential liabilities in respect of past services, as per the new labour codes.
However, the management has estimated potential impact of Rs. 20 lakhs and as a prudent accounting policy the same have been recognised
in the Statement of Profit & Loss account as past service cost.
(B) Defined Contribution Plans
Amount recognised as expenses on account of “Contribution / Provision to and for Provident and other Funds” of Statement of Profit and
Loss - Rs.52.30 Lakhs (Previous year Rs.48.27 Lakhs).
(b) Employee stock option scheme
The Company has implemented “FCL-Employees Stock Option Plan 2020” (FCL-ESOP 2020) as approved by the shareholders on 30th
October 2021 The plan covers eligible employees of the Company. The nomination and remuneration committee of the Board of Fineotex
Chemical Limited administers these FCL-ESOP 2020 plans and grants stock options to eligible employees. Details of the options granted
during the year under the Scheme are as given below:
Related parties are identified by the Company and relied upon by the Auditors
* Provision for contribution to gratuity fund which are made based on actuarial valuation on overall company basis are not included in remuneration
to Key Management Personnel.
44 SEGMENT REPORTING
The Company primarily operate in segment of Manufacturing of Textile Chemicals, Auxiliaries and Speciality Chemicals. The Chairman and Whole Time
director/ Managing Director of the Company allocate resources and assess the performance of the Company, thus are the Chief Operating decision maker
(CODM). The CODM monitors the operating results of the business as a one, hence no separate Segment need to be Disclose.
45 a. Loans given, Investments made and Corporate Guarantees given u/s 186(4) of the Companies Act, 2013 are disclosed under the
respective notes.
b. Disclosures pursuant to Regulation 34(3) of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements)
Regulations, 2015 and Section 186 of the Companies Act, 2013.
* The Company has granted above Advances in the nature of Loans to its wholly owned subsidiary that is without specifying the period of
repayment
# The Company has granted above Advances in the nature of Loans to its wholly owned subsidiary that is 7 Years
3. Details of investment made is provided in “carrying value of investment in equity instruments” table (Refer note 4).
46 Balances of Trade Receivables, Trade Payables, Advances and Deposits received / given, from / to customers are subject to confirmation and
subsequent reconciliation.
47 Figures in brackets indicate previous year’s figures. Previous year’s figures have been regrouped, rearranged and reclassified wherever
necessary to conform with this year’s classification.
48 Additional information Pursuant to paragraph 6 (L) of Part I of Schedule III of the Companies Act,2013 (as certified by the Director) is given
in Annexure “A” hereto.
49 EVENTS OCCURING AFTER THE BALANCE SHEET DATE:
i Subsequent Event (Non-Adjusting)
There was a legal dispute regarding Assignment Agreement in respect of the Property classified under Assets held for sale and the dispute
was finally settled after the year end.
The company has paid Rs. 617.68 lakhs till 31st March 2026, towards the settlement of the dispute.
Since the cancellation of original assignment agreement and final settlement of the dispute happened after 31 March 2026, the aforesaid
amount has been carried forward as Other Receivables Under Other Current Assets
During the year under review, the company has entered in to an MOU with another party for Transfer / Assignment of the aforementioned
Property held for Sale and received advance of Rs. 800.00 lakhs.
Since the transfer of the property was not completed till the year end and only part payment was received, the sale of property has not been
accounted for Accordingly, the advance received has been carried forward as other payables under other current liabilities.
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