12. Provisions, Contingent Liabilities and Contingent Assets:- (AS-29)
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 the obligation can be made.
Contingent Liabilities are disclosed for:-
(i) Possible obligations which will be confirmed only by future events not wholly within the control of the
company or
(ii) Present Obligations arising from 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.
Contingent assets are not recognized in the financial statement since this may result in the recognition of the
income that may never be realized.
13. Cash Flow Statement-
Cash flows are reported using the indirect method, whereby profit / (loss) before extraordinary items and
tax is adjusted for the effects of transactions of non-cash nature and any deferrals or accruals of past or future
cash receipts or payments. The cash flows from operating, investing and financing activities of the Company
are segregated based on the available information.
14. Earnings per share-
An enterprise should present basic and diluted earnings per share on the face of the statement of profit and loss
for each class of equity shares that has a different right to share in the net profit for the period. An enterprise
should present basic and diluted earnings per share with equal prominence for all periods presented.
Diluted Earnings per share
For the purpose of calculating diluted earnings per share, the net profit or loss for the period attributable to
equity shareholders and the weighted average number of shares outstanding during the period should be
adjusted for the effects of all dilutive potential equity shares.
There are no potential equity shares during the year.
15. Net Profit or Loss for the Period, Prior Period Items and Changes in Accounting Policies (AS-5):
Net Profit or Loss for the Period
All items of income and expense which are recognized in a period should be included in the determination of
net profit or loss for the period unless an Accounting Standard requires or permits otherwise.
Prior Period Items
The term 'prior period items', as defined in this Standard, refers only to income or expenses which arise in the
current period as a result of errors or omissions in the preparation of the financial statements of one or more
prior periods. The term does not include other adjustments necessitated by circumstances, which though
related to prior periods, are determined in the current period, e.g., arrears payable to workers as a result of
revision of wages with retrospective effect during the current period.
16. Impairment of Assets (AS-28):
An asset is impaired when the carrying amount of the asset exceeds its recoverable amount. These requirements
use the term 'an asset' but apply equally to an individual asset or a cash-generating unit.
An enterprise should assess at each balance sheet date whether there is any indication that an asset may be
impaired. If any such indication exists, the enterprise should estimate the recoverable amount of the asset.
17. Events Occurring after the Balance Sheet Date
Events which occur between the balance sheet date and the date on which the financial statements are
approved, may indicate the need for adjustments to assets and liabilities as at the balance sheet date or may
require disclosure.
18. General:
Except wherever stated, accounting policies are consistent with the generally accepted accounting principles
and have been consistently applied
(B) Notes on Financial Statements
1. As per MCA notification dated 16th February 2015, companies whose shares are listed on SME exchange
as referred to in Chapter XB of SEBI (Issue of Capital and Disclosure Requirements) Regulations 2009 are
exempted from the compulsory requirement of adoption of IND AS. Since the company is covered under
exemption, it does not apply IND AS in preparation and presentation of financial results.
2. The Audited Standalone Financial Results for half year and year ended March 31, 2025, have been reviewed
by the Audit Committee and thereafter approved by the Board of Directors at the meeting held on 30Th
May, 2025.
3. The Company does not have any subsidiaries or associate or joint venture companies as on 31st March,
2025 and therefore consolidation of financial statements is not applicable for the period under review
4. The figures for half year ended 31st March 2025 are the balancing figures between the audited figures w.r.t.
financial year 2024-25 and the published unaudited figures of the half year ended 30th September 2024
which were subject to limited review by us.
5. The aforesaid results have been filed with Stock Exchanges under Regulation 33 of SEBI (LODR)
Regulations, 2015 and are also available on stock exchange websites and on the website of the company.
6. The company is not a Large Corporate as per the applicability criteria given under SEBI Circular No.
SEBI/HO/DDHS/DDHS-RACPOD1/P/CIR/2023/172 dated October 19, 2023
7. There are no investor complaints pending as on 31st March 2025.
8. Figures for the previous year have been regrouped, restated or reclassified wherever considered necessary
to make them comparable to the current period/ presentation.
9. During the financial year ended 31st March 2025, the Company changed its accounting policy relating to
the timing of recognition of salary expenses.
Earlier salary expenses were recognized on the last day of the month to which salary relates. However,
at present, the Company revised its policy to recognize salary expenses on the 1st day of the subsequent
month.
This change in accounting policy has been made to align payroll accounting with the actual payment cycle
and internal administrative processes. The change has been applied prospectively.
The management believes that the revised policy results in a more consistent and reliable presentation of
payroll expenses. The change has been disclosed in accordance with AS 1 and AS 5.
10. The classification of creditors as micro and small enterprise has been given for the parties from whom the
confirmation has been received regarding their classification as per MSMED Act. The interest on delayed
payment to such parties, if any, has neither been determined nor has been paid as per verbal mutual
understanding with such parties.
11. The Trade Receivables outstanding for more than one year include an amount of Rs. 4,97,12,945/-
12. Directors remuneration on account of salary is Rs. 1,34,00,000/- for the year.
13. Profit on sale of fixed assets of Rs. 2,00,000/- reflects the amount received in excess on assets sold in FY
2023-24.
14. No provision for retirement benefits has been made, in view of accounting policy No. 10. The impact of the
same on Profit & Loss is not determined.
15. Provisions of Segment Reporting as per AS-17, specified in section 133 of The Companies Act 2013 read
with relevant rules framed thereunder are not applicable to the company.
25. Additional Regulatory Information/disclosures as required by General Instructions to Schedule III to the
Companies Act, 2013 are furnished to the extent applicable to the Company.
26. The company has not paid any dividends during the year.
27. The company have FDRs with bank and Security deposits to various parties which are classified as Non¬
current assets and long-term in nature. Also security deposits payable shown in liabilities are also of long
term nature and hence are classified as Non Current Liabilities.
28. % of imported & indigenous raw material & consumables
32. Tax deducted / collected during the year depicted in Current Assets amounting to Rs.4,39,87,536 /-
includes TDS of Rs.33,30,525 /- deducted in the PAN of Predecessor firm M/s Manglam Associates.
33. Out of total Tax deducted on GST, an amount of Rs.3,56,243/- deducted in the GST of predecessor firm
M/s Manglam Associates.
34. The proceeds from the equity shares IPO issued during the FY 2024-25 was amounting to Rs.2,761.92
Lakhs. Object and proposed utilization of IPO proceeds and amount utilized till 31st March 2025 is as
under:
*The balance amount of Rs.783.4 lakhs is earmarked to be spent in FY 2025-26.
Signature to notes 1 to 34
For Rahul Somya & Company, For and on behalf of the Board of Directors
Chartered Accountants Manglam Infra & Engineering Limited
Firm Registration No.: 023870C (formerly known as Manglam Associates)
CA Rahul Jain Ajay Verma Yogendra Kumar Singh
Partner Managing Director Whole Time Director
Membership No: 419667 DIN: 07129690 DIN: 03551106
Place: Bhopal
Date: 30/05/2025 Neha Jain Sanjay Kumar
UDIN: 25419667BMOYBW6359 Company Secretary Chief Financial Officer
M. No. A60792
Date: 30/05/2025
Place: Bhopal
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