During the year ended 31st March 2025, the company on 1st July 2024 allotted 34,43,986 bonus shares of face value of Rs. 10/- each. The bonus issue of share has been made in the ratio of 1:2 [ i.e. 1 (one) fully paid up equity share for every 2( Two ) Equity share held to the shareholders.]
Further, during the year ended 31st March 2025, the company on 1st July 2024 allotted 34,43,986 bonus shares of face value of Rs. 10/- each. The bonus issue of share has been made in the ratio of 1:2 [ i.e. 1 (one) fully paid up equity share for every 2 ( Two ) Equity share held to the shareholders.]
Consequent to the aforesaid allotment of bonus equity shares, the paid up equity share capital of the Company shall stand increased from Rs 200 lacs divided into 20,00,000 shares at 31 December 2022 to Rs 600 lacs divided into 60,00,000 shares at 12th April 2023. Since the bonus issue is an issue without consideration, the issue (including post balance sheet issue) is treated as if it had occurred prior to the beginning of the FY 2019-20, the earliest period being reported.
27 There is Contingent Liability of Rs. 70.09 Lakhs for the year ended 31.03.2025 (31.03.2024- Nil)
28 Capital Commitments net of Advances for the year ended 31.03.2025 Rs. Nil (31.03.2024- Nil)
29 Disclosure Under Micro, Small & Medium Scale Enterprise Devlopment Act, 2006
The company has no outstanding balance as on 31.03.2025, Hence provision of Micro, Small & Medium Enterprises Act,2006 is not applicale
30 Additional Regulatory Information
a) There are no proceedings 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 The Benami Transactions(Prohibitions)Act,1988) and the rules made thereunder.
b) The Company is not declared as a willful defaulter by any bank or financial institution or other lender,
d) 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.
e) Utilization of Borrowed funds and share premium;^
A. 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
(i) 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
(ii) provide any guarantee, security or the like to or on behalf of the Ultimate Beneficiaries;
B. 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
(i) 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
(ii) provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries.
Hence, the relevant provisions of Foreign Exchange Management Act, 1999 and Companies Act, 2013 are not applicable and the transactions are not violative of Money Laundering Act, 2002.
f) Undisclosed Income: El
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-tax Act, 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.
g) Details of Crypto Currency or Virtual Currency:
The Company has neither traded nor invested in Crypto currency or Virtual Currency during the financial 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.
h) The Company has not granted any loans and advances in the nature of loans to promotors, directors, KMPs and related parties.
i) Creation or Satisfaction of charges with Registrar of Companies:
There are no charges created or satisfied during the year which are yet to be registered with Registrar of Companies beyond the statutory period.
j) The company has not declared any dividend during the year.
k) The company is not covered under the 135 of Companies Act, 2013 so there is no responsibility of CSR.
l) Where the Company has borrowings from banks or financial institutions on the basis of security of current assets,it shall disclose the following:-
(a) whether quarterly returns or statements of current assets filed by the Company with banks or financial institutions are in agreement with the books of accounts.
(b) if not, summary of reconciliation and reasons of material discrepancies, if any to be adequately disclosed.
m) Compliance with Approved Scheme of Arrangement:
No scheme of arrangement under Sections 230 to 237 of the Companies Act, 2013, has been approved or is pending for approval by any Competent Authority during the year.
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