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30 Contingent liabilities and capital commitments
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(All amounts in f in lacs,
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unless otherwise stated)
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Particulars
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For the year ended 31st March, 2025
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For the year ended 31st March, 2024
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(i)
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Contingent liabilities
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-
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-
|
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Outstanding Bank Guarantees
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-
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-
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(ii)
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Claim received but not acknowledged by the company
Estimated amount of contacts remaining to be excused on capital account and not provided
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|
|
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(iii)
(iv)
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for (net of advance)
The company has commitments for services, purchase of goods and employee benefits, in normal course of business. The company does not have any long-term commitments / contracts including derivative contracts for which there will be any material foreseeable losses.
The company has not been registered under PF Act, ESIC Act and Professional Tax Act. The impact of the same cannot be ascertained.
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35 In opinion of the Board, the loans & advances and other current assets have a value, which if realized in the ordinary course of business, will not be less than the value stated in the Balance Sheet.
36 Balance appearing under loans & advances, trade receivables, trade payables, current assets and current liabilities are subject to confirmations in certain cases.
37 Additional regulatory information
(i) There are no proceedings that have been initiated or pending against the Company for holding any benami property under the Prohibition of Benami Property Transactions Act, 1988 (as amended from time to time) (earlier Benami Transactions (Prohibition) Act, 1988) and the rules made thereunder.
(ii) The Company has not been declared willful defaulter by any bank or financial institution or other lender.
(iii) There are no transactions / relationship with struck off companies.
(iv) The Company does not have any transaction 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 provisions of the Income-taxAct, 1961). Further, there was no previously unrecorded income and no additional assets were required to be recorded in the books of account during the year.
(v) The Company has neither traded nor invested in Crypto currency or Virtual Currency during the year ended March 31, 2024. Further, the Company has also not received any deposits or advances from any person for the purpose of trading or investing in Crypto Currency or Virtual Currency.
(vi) Valuation of PP&E, intangible asset and investment property: The Company has not revalued its property, plant and equipment (including right-of-use assets) or intangible assets or both during the current year.
(vii) The Company does not have any charges or satisfaction of charges which are yet to be registered with the Registrar of Companies beyond the statutory period.
(viii) 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 or entity, including foreign entities (“’’Intermediaries””) with the understanding (whether recorded in writing or otherwise) that the Intermediary shall, whether directly or indirectly lend or invest in other persons/ entities identified in any other 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.
(ix) 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 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.
(x) The Company has complied with the number of layers prescribed under clause (87) of section 2 of the Act read with Companies (Restriction on number of Layers) Rules, 2017, and there are no companies beyond the specified layers.
38 Figures for the previous year have been regrouped/reclassified/reinstated, wherever considered necessary.
This is the summary of material accounting policies and other explanatory information referred to in our report of even date.
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