(m) Provisions, contingent liabilities and contingent assets:
Provisions Involving substantial degree of estimation In measurement are recognized when there Is a present obligation as a result of past events and It Is probable that there will be an
outflow of resources. Contingent liabilities are not recognised but are disclosed In the notes. Contingent assets are neither recognized nor disclosed in the financial statements.
Contingent Liability : Company has unexpired bank guarantee of Rs. 668.89 (In Lakhs) as on 31st March,2025. (Rs. 1407.73 (In Lakhs) as on 31st March,2024)
(n) Related Party Disclosures
As per Accounting Standard 18, under the Companies (Accounting Standard) Rules, 2006, the dlsdoser of transactions with the related parties as defined in the Accounting Standard and
identified by the Company are given as per annexure attached.
(o) Other Regulatory Matters
1 No proceedings have been initiated or pending against the company for holding any benami property under the Benami Transactions (Prohibition) Act, 1988 (45 of 1988) and the rules
1 made thereunder
2 The Company has borrowed the fund from bank and financial institutions on the basis of security of current assets and filled the quarterly returns or statements of current assets with
banks or financial institutions which are in agreement with the books of accounts
3 The company is not declared wilful defaulter by any bank or financial Institution or other lender.
4 The Company has registered all the charges and satisfaction with Registrar of Companies.
5 During Financial Year, Company had completed its Initial Public Offering ("IPO") of 36,99,200/- new equity share of face value of Rs.10/- each at premium of Rs.65/- per equity share
aggregating to Rs.27,74,40,000/-. Pursuant to the IPO, the equity shares of company have to get listed on the SME platform of BSE on 31st January, 2025. The Company has utilised the
money raised by way of Initial-Public offer during the year for the purpose for which they were raised as under.
7 No transactions have been surrendered or disclosed as Income during the year In the tax assessments under the Income Tax Act, 1961 which have not been recorded In books of
accounts.
8 The Company have not traded or invested in Crypto currency or virtual currency during the period
9 The company have not advanced or loaned or invested funds to any other person(s) or entity(ies), including foreign entities (Intermediaries) with the understanding that the Intermediary
9 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.
10 The company have 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
11 There is no Scheme of Arrangements approved by the Competent Authority in terms of sections 230 to 237 of the Companies Act, 2013
12 The Company do not have any transactions with companies struck off under section 248 of the Companies Act, 2013 or section 560 of Companies Act, 1956
13 There are not foreign exchange earnings and outgo during the year.
The provisions of sec. 135 of the Companies Act, 2013 related to Corporate Social Responsibility are applicable to the company. The total provision for the F.Y. 2024-2025 is Rs.14.94
14 Lakhs.
(p) Other Matters
1 Estimated amount of contracts remaining to be executed on capital account and not provided for Rs. Nil (Previous year Rs. Nil).
2 In the opinion of the Directors:
(a) The current assets and loans and advances are approximately of the value stated, if realised in the ordinary course of business.
(b) The provision for depreciation and for all known liabilities is adequate and not in excess of the amount reasonably necessary.
3 Balances of long-term borrowings, short-term borrowings, trade payables, other current liabilities, long-term loans and advances, trade receivables, short-term loans and advances and
other current assets are subject to confirmation.
4 The Company is operating in a single segment, i.e., Government Contractor in Electro Mechanical Sector and Distributor of Pumps, and accordingly, no separate information for segment-
wise disclosure is required as per Accounting Standard 17 on 'Segment Reporting' under the Companies (Accounting Standards) Rules, 2006.
5 The Company does not owe any sum to any micro or small enterprise except to those mentioned in Schedule 7. The above is based on the information available with the Company.
6 Previous year's figures have been regrouped, wherever necessary.
For, S V J K and Associates For and on behalf of the board of directors
(Chartered Accountants) H.M. ELECTRO MECH LIMITED
FRN : 135182W
SD/- SD/-
Dipak Pandya Mahendra Patel
, Chairman and ....
SD/- Whole time Director
Managing Director
DIN :02188199 DIN :02190228
Ankit Singhal
Partner
M. No. 151324
UDIN: 25151324BMOBZZ7304 SD/- SD/-
Nitinbhai Dhorajiya Himani Mayur Upadhyay
CFO Company Secretary
Place : Ahmedabad Place : Ahmedabad
_Date: 28th May, 2025_Date: 28th May, 2025_
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