I. Contingent Liabilities and Provisions
Provisions are recognized only when there is a present obligation as a result of past events and when a reliable estimate
of the amount of obligation can be made.
Contingent Liability is disclosed for
a) Possible obligation which will be confirmed only by future events not wholly within the control of the Company or
b) Present obligations arising from the past events where it is not probable that an outflow of resources will be
required to settle the obligation or a reliable estimate of the amount of the obligation cannot be made.
c) Contingent Assets are not recognized in the financial statements since this may result in the recognition of income
that may never be realized.
A disclosure for a contingent liability is made when there is a possible obligation or a present obligation that may, but
probably will not, require an outflow of resources. Where there is a possible obligation or a present obligation that the
likelihood of outflow of resources is remote, no provision or disclosure is made.
J. Foreign Currency Transactions
Functional and presentation currency:
The standalone financial statements are presented in Indian Rupees (T) which is also the functional and presentation
currency of the Company.
Transactions and balances:
Foreign currency transactions are recorded in the functional currency, by applying the exchange rate between the
functional currency and the foreign currency at the date of the transaction.
Foreign currency monetary items outstanding at the balance sheet date are converted to functional currency using the
closing rate. Non-monetary items denominated in a foreign currency which are carried at historical cost are reported
using the exchange rate at the date of the transactions.
Exchange differences arising on settlement of monetary items or restatement as at reporting date, at rates different
from those at which they were initially recorded, are recognized in the statement of profit and loss in the year in which
they arise.
K. Cash Flow
Cash flows are reported using the indirect method, whereby profit before tax is adjusted for the effects of transactions
of 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. Cash flows from operating, investing and financing
activities of the Company are segregated, accordingly.
Note 31 Employee Benefits
All short term employee benefits related to salary/ wages, bonus, PF, ESI etc. which are incurred and recongnized during theyear as expense in the statement of
profit and loss and related liabilities which are payable wholly within twelve months of rendering the services are recognized as current Liabilities in the Balance
Sheet.
Note 32 Segment Reporting
There are no reportable segments during the year under consideration. Hence, no separate disclosure is made.
Note 33 Event after the Reporting Period
Subsequent to the balance sheet date, the Board of Directors has recommended a dividend of ^0.25 per equity share aggregating to ^40.24 lakhs for the financial
year ended March 31, 2026, subject to approval of the shareholders at the ensuing Annual General Meeting. The proposed dividend has not been recognised as a
liability as at March 31, 2026, in accordance with Accounting Standard (AS) 4 - Contingencies and Events Occurring After the Balance Sheet Date.
(ii) Benami Properties
The Company do not have any benami Property , where any proceeding has been initiated or pending against the company for holding
any Benami property.
(iii) Relationship with Struck off Companies
The company does not have any transaction with struck off Companies.
(iv) Crypto Currency Transaction
The company have not traded or invested in Crypto Currency or Virtual Currency during the financial year.
(v) Compliance of Registration of Charges with ROC
The company does not have any charges or satisfaction which is yet to be registered with ROC beyond the Statutory period.
(vi) Utilization of Borrowing fund and share Premium
(A) The company have not advanced or loaned or invested fund to any other Person(s) or entity(ies), including foreign entities 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 funding
party or;
(b) provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries.
(B) The company have not received any fund from any person or entity 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.
(vii) Surrender / Undisclosed Income
The company do not have any 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
provision of Income tax Act , 1961 )
(viii) Compliance with approved Scheme of Arrangements
No Scheme of Arrangements have been approved by the Competent Authority in terms of sections 230 to 237 of the Companies Act,
2013.
(ix) Compliance with number of layers of companies
The company does not have any subsidiary during the relevant period therefore clause (87) of section 2 of the Act read with
Companies (Restriction on number of Layers) Rules, 2017 is not applicable.
(x) Wilful Defaulter
The company is not declared wilful defaulter by any bank or financial institution or lender during the year.
(xi) Quarterly return or statements
The company is not required to submit any quarterly return or statement of current assets to any bank/ financial institution during
the year.
(xii) Capital work in Progress and Intangible assets under developments
The company does not have capital work in progress and any Intangible assets under developments during the year.
(xiii) Title deeds of Immovable Property
The company does not hold any immovable property at any time during the year.
(xiv) Lease Assets
The company does not have any lease assets.
(xv) Revaluation of Property , Plant & Equipment's and others
Any of the Property plant and equipment and intangible assets have not been revalued during the year.
(xvi) Capital work in Progress and Intangible assets under developments
The company does not have any amount representing Capital work-in-progress and Intangible assets under developments.
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