30 Government grants:
During the F.Y 2015-16 sanction received for Rs 42.11 lacs as "Fixed Capital Investment Subsidy" under West Bengal State Support for Industries Scheme,2008 (WBSSIS-2008) , receivable in 10 installments.Only 3 installments received after deduction of legal & processiong fees.The amount received has been duly recognised under "Reserve & Surplus" as Capital Subsidy vide Note no. 5.
32 In the opinion of the board of directors, the current assets, loans and advances are approximately of the value not below thw value realisable in the ordinary course of business unless otherwise stated. The Provision for all known liabilites are adequate and are not in excess of the amount reasonably necessary.
33 Based on the Information available with the company, there are no dues owed by the company to Micro, Small & Medium Enterprise, which are outstanding for more than 45 days during the year and as at 31st March 2025. As a result, no interest provision/ payments have been made by the company to such creditors, and no disclosure thereof is required under Micro, Small & Medium Enterprises Developement Act, 2006.
34 The Company has paid an advance of Rs 13500 ( in thousand )to M/s ADS Infra Ventures Private Limited for purchase of flats at "Rameshwaram (block-Dl), situates at Mouza Asangi, Aditayapur, Dist-Seraikella -Kharsawan, Jharkhand by an agreement for sale and Rs 2300 ( in thousand) to Jairaj Singh Deo for purchase of land at Mouza-Adityapur, Anchal-Gamharia, Dist-Seraikella -Kharsawan, Jharkhand. A sum of Rs 1850 ( in thousand) advances to M/s Brahmanand Holdings (P) Limited for purchase of land situated at Mouza Dimna,P.S Mango, Town-Jamshedpur. Rs 300 (in thousand) was advanced to Sri Mukesh Charan for purchase of property. All the above properties are not yet registered in the name of the company. The management is actively pursuing the matter and is confident of obtaining the possession of the property and accordingly, no provision is required in the books, the advance given is classified as a non current asset and is not expected to be settled within 12 months.
35 Additional Regulatory Information
35.1 The Company does not Have any Benami Property, where any proceeding has been initiated against the Group for holding any Benami Properly.
35.2 The Company does not have any transactions during the year with companies struck off.
35.3 The Company does not have any charges or sarisfaction which is yet to be registered with ROC beyond the Statutory Period.
35.4 The Company has not traded or invested in Ciypto Currency or virtual Currency during the financial year.
35.5 The Company does 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, 1961 (such as, search or survey or any other relevent provisions of The Income Tax Act, 1961.)
35.6 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 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.
35.7 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.
36 Approval of Financial Statements
36.1 The Financial Statements were approved for issue by the Board of Directors on 29.05.2025.
36.2 Previous year's figures have been regrouped/ reclassified wherever necessary to correspond with the current year's disclosure.
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