Employee Defined Benefits:
Defined Benefit plans as per actuarial valuation on 3ln Manch'2025 and recognized in the financial statements in respect of Employee Benefits Schemes,
S3. Segment information as per IND AS-108
Operating segment are components of the company whose operating results are regularly reviewed by the Chief Operating Decision Market ("CODM") to make decisions about resources to be allocated to the segment and assess its performance and for which discrete financial information is available.
The Company is engaged primarily on the business of "Agio products" only, taking into account the risks and returns, the organization structure and the internal reporting systems. All the operations of the Company are in India. All non-current assets of the Company are located in India.
Accordingly, there are no separate reportable segments as per IND AS 108- "Operating segments".
Fair Value Hierarchy
Level-1 Quoted Price (unadjusted) is active markets for identical assets or liabilities
Level- 2 Inputs other than quoted prices included within Level-1 that are observable for the asset or liability, either directly (i.e. as prices) or indirectly (i.e.) derived from pnoes
Level- 3 Inputs other than quoted prices included within Level-1 that are based on nonobservable market data.
The following table presents fair value hierarchy of assets and liabilities measured at fair value on a recurring basis as of March
36. Financial risk management objective and policies
The Company's financial liabilities included Loan and borrowing, security deposits, retention money and Trade & other payables. The main purpose of these financial liabilities is to finance the Company's operations. The Company's financial assets included investments, trade fit other receivables, deposits and cash fit cash equivalents.
The Company's overall risk management programme focuses on the unpredictability of financial markets and seeks to minimize potential adverse effects on the Company's financial performance. The Company uses derivative financial instruments to hedge certain risk exposures. The Company does not acquire or issue derivative financial instruments for trading or speculative purposes.
The Company's activities expose it to Credit Risk, Liquidity Risk, Market Risk, and Equity Price Rise. The Company has a Risk Management Policy and its management is supported by a Risk Management Committee that advises on risks and the appropriate financial risk governance framework for the company. The Risk Management Committee provides assurance to the Company's management that the Company's risk activities are governed by appropriate policies and procedures and that financial risks are identified, measured and managed inaccordance with the Company's policies and risk objectives. The Broad of Directors reviews and agrees policies for managing each of these risks, which are summarized below.
A. Credit Risk: A risk that counterparty may not meet its obligations under a financial instrument or customer contract, leading to a financial loss is defined as Credit Risk. The Company is exposed to credit risk from its operating and financial activities.
Customer credit nsk is managed by the respective marketing department subject to the Company's established policy, procedure and control relating to customer's credit risk management. The Company reviews the creditworthiness of these customers on an on-going basis. The company estimates the expected credit loss on the basis of past data, experience and policy laid down in this respect The maximum exposure to the credit risk at the reporting date is the carrying value of the trade receivables disclosed in Note 7 [Seven) as the Company does not hold any collateral as security. The Company has a practice to provide for doubtful debts as per its approved policy.
An impairment analysis is performed at each reporting date on an individual basis. The calculation is based on historical data of credit losses.
The ageing analysis of the receivables (gross of provision) has been considered from the date the invoice falls due.
B. Liquidity Risk: A risk that the Company may not be able to settle or meet its obligations at a reasonable price is defined as liquidity risks. The Company's treasury department is responsible for managing liquidity, funding as well as settlement management. In addition, processes and policies related to such risks are overseen by senior management. Management monitors the Company's net liquidity position through rolling forecasts on the basis of expected cash flows.
The Company's objective is to maintain a balance between continuity of funding and flexibility through the use of cash credits, Term Loans among others.
C. Market Risk- A risk that the fair value of future cash flows of a financial instrument may fluctuate because of changes in market prices is defined as Marketing Risk. Such changes in the value of financial instruments may result from changes in the foreign currency exchange rates, interest rates, credit, liquidity and other market changes.
I. Foreign Currency Risk: A risk that the fair value of future cash flows of a forex exposure will fluctuate because of changes in foreign exchange rates is defined as Foreign Currency Risk. The Company's exposure to the risk of changes in foreign exchange rates relates primarily to the Company's import and foreign currency loaiV derivatives operating activities. The Company, as per its risk management policy, uses foreign exchange and other denvative instruments primarily to hedge foreign exchange exposure. The management monitors the foreign exchange fluctuations on a continuous basis.
Derivative instruments and un‘hedged foreign Currency exposure:
The Company does not enter into any derivative instruments for trading or speculative purposes.
ii. Interest Rate Risk: The Company's exposure to the risk of changes in market interest rates related primarily to long-term debt The Company is not exposed to such risk as on March 31'2025.
Maturity Profile of Financial Liabilities
The table below provides details regarding the remaining contractual maturities of financial liabilities at the reporting date based on contractual undiscounted payments.
37. Capital Management
The Company's objective when managing capital (defined as net debt and equity) is to safeguard the Company's ability to continue as a going concern in order to provide returns to shareholders and benefits for other shareholders, while protecting and strengthening the
Balance Sheet through the appropriate balance of debt and equity funding. The Company manages its capital structure and makes adjustments to it, In taking into consideration the economic conditions and strategic objectives of the Company.
For the purpose of the Company's capital management, capital indudes issued capital, sharp premium and all other equity reserves. Net debt includes interest beanng loans and borrowings, trade and other payables less cash and short term deposits.
In order to achieve this overall objective, the Company's capital management, amongst other things, aims to ensure that it meets financial covenants attached to the interest-bearing loans and borrowings that define capital structure requirements. Breaches in meeting the financial covenants would permit the bank to immediately call loans and borrowings. There have been no branches of the financial covenants of any interest- bearing loans and borrowings for reported periods.
38. There are no amounts due and outstanding to be credited to Investor Education & Protection Fund as on March 31*2025,
39. Even after the Reporting Period
There has been no even after the reporting date the required disclosure in financial statements,
40. Additional Disclosure:
a) The Company has not revalued its Property, Plant & Equipment accordingly disclosure as to whether the revaluation is based on the valuation by a registered valuer as defined under rule 2 of the Companies [Registered Valuers and Valuation) Rules,2017 is not applicable to the Company,
b) During the year, the Company has not granted any Loans or Advances In the nature of loans which are either repayable on demand or without specifying any terms or penod of repayment to promoters, directors and KMPs either severally or jointly with any other person,
c) No proceed ings have been i nitrated or pending against the company for holdi ng anybenami property under the Benami Transactions (Prohibition) Act, 1988 (45 of 1988) and the rules thereunder, the company for the financial year 202424.
d) The Company has been taken borrowings from banks or financial institutions on the basis of security of current assets. The quarterly returns or statements of current assets filed by the Company with such banks or financial institutions are generally In agreement with the unaudited books of account of the Company of the respective quarters.
e) The Company has not been declared as a willful defaulter by bank or financial institution or other lender,
f) The Company has not entered into any transaction with the Companies which are struck off under section 248 of the Companies Act,2013 or section 560 of Companies Act, 1956 during the financial year ended on 31.03.2025,
g) The Company does not have any charges or satisfaction which is yet to be registered with the Registrar of Companies beyond the statutory period.
h) The Company does not have any investment through more than two layers of investment companies as per section 2(87) (d) and section 186 of the Companies Act,2013,
i) During the year the Company has not advanced or loaned or invested funds (either borrowed funds or share premium or any other sources or kind of funds) to any other person(s) or entity(ies), including foreign entities (Intermediaries) with the understanding (whether recorded in writing or otherwise) 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 of the Company.
j) During the year 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 on behalf of the Ultimate Beneficiaries,
k) The Company does not have such transactions which are not recorded in the books of accounts during the year and also there are not such unrecorded income and related assets related to earlier years which have been recorded in the books of accounts during the year.
l) The Company has not traded or invested in Crypto currency or Virtual Currency during the financial year.
42. Previous year's figures are regrouped and reclassified to make them comparable with IND AS presentation.
43. The above financial statements have been reviewed by the audit Committee and subsequently approved by the Board of Directors at its meeting held on 30th May'2025.
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