The estimate of future salary increase, considered in the actuarial valuation, takes account of inflation security, promotion and other relevant factors such as supply and demand in the employment market.
The overall expected rate of return on assets is determined based on the market prices prevailing on that date, applicable to the period over which the obligation is to be settled.
The actuarial value of funded obligations calculated using above stated assumptions is Rs. 19.78 Lakhs . The fair value of plan assets is Rs. 19.16Lakhs. Accordingly, the liability amounting to Rs. 0.62Lakhs has already been provided for in the books of accounts.
13. Previous year’s figures have been re-grouped/rearranged wherever necessary.
14. The Board is of the opinion that the current Assets, Loans & Advances have, in ordinary course of business, valued at least equal to the amount at which they are stated in the Balance Sheet.
15. Balances of Sundry debtors, Creditors & advances are subject to confirmation.
16. GST entries accounted in books arc subject to reconciliation with related records.
17. Data as regards break up of Sundry creditors of MSME & non MSME creditors has been reported as provided to us by the management. Further data as regards interest paid/' payable u/s 22 of MSMED Act was not provided to us and hence necessary disclosure in this regard could not be made.
I) Company has no immovable properties which are not held in the Name of The Company.
II) The Company has not revalued any of its Property, Plant and Equipment, during the year.
III) Company has not granted any loans or advances in the nature of Loan to its promoters, directors, Key Managerial Personnel and related parties.
IV) The Company has Capital Work in progress (CWIP) amounting to Rs.22.96Lakhs in respect of Building At Plot No D-26, MIDC Ambad, Nashik and is duly disclosed in the balance sheet as on 31.03.2026
V) Company does not have any intangible assets under development as on 31 -3-2026.
VI) As informed to us the Company do not have any Benami property', where any proceeding has been initiated or pending against the Company for holding any Benami property.
VII) Company has been sanctioned working capital limits from IDFC bank. The above loan is secured by an exclusive charge over the entire current assets of company including stocks, book debts, and movable fixed assets. The loans is further secured by collatral security by way of Mortgage of Leasehold land and Building at Plot No.DlO/A & D10/B , MIDC Ambad , Nasliik. Company has not filed quarterly statements with bank for the quarter ending June 2025 and Sept 2025 & hence we cannot comment as to whether the value is in agreement with books of accounts or not.
As regards other material discrepancies noted in the value of current assets in quarterly returns,
details are as under: (Rs. In Lakhs)
VIII) As informed to us the Company has not been declared willful defaulter by any bank or financial institution or other lender or government or any government authority.
IX) As informed to us the Company do not have any transactions with companies struck off.
X) All charges created by the Company have been duly registered with the Registrar of Companies within the prescribed statutory time limits, and the related satisfactions have also been appropriately recorded and updated. There are no pending charges or satisfactions requiring registration beyond tine statutory period.
XI) There are no subsidiaries to comply with the number of layers prescribed under clause (87) of Section 2 of the Companies Act, 2013 read with Companies (Restriction on number of Layers) Rules, 20
XIII) The Company has entered into a Scheme of Arrangement for the proposed amalgamation of Master Moulds Pvt. Ltd. With Master Components Ltd. Company has received No Objection Certificate from National Stock Exchange for the said scheme on 10-4-2026. However, company is yet to obtain sanction of Hon’ble NCLT for the said scheme.
Though the proposed appointed date of the Scheme is 01.10.2025, the approval for the said Scheme is still pending as on the date of the financial statements.
In view of this the financial statements for the year ended 31.03.2026 have been prepared without considering the effect of proposed scheme of amalgamation.
XTV) (A) The Company has 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:
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.
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