xi) Provisions, contingent assets and contingent liabilities
A provision is recognized when:- the Company has a present obligation as a result of a past event;- it is probable that
an outflow of resources embodying economic benefits will be required to settle the obligation; and- a reliable estimate
can be made of the amount of the obligation.
A disclosure for a contingent liability is made when there is a possible obligation or a present obligation that may, but
probably will not, require an outflow of resources. Where there is a possible obligation or a present obligation that the
likelihood of outflow of resources is remote, no provision or disclosure is made.
xii) Earnings per share
Basic earnings per share are calculated by dividing the profit attributable to equity shareholders by the weighted average
number of equity shares outstanding during the year.
For the purpose of calculating diluted earnings per share, the profit attributable to equity shareholders and the weighted
average number of equity shares outstanding during the year are adjusted for the effects of all dilutive potential equity
shares.
xiii) Lease
The Company evaluates if an arrangement qualifies to be a lease as per the requirements of Ind AS 116. Identification
of a lease requires significant judgment. The Company uses significant judgement in assessing the lease term (including
anticipated renewals) and the applicable discount rate. The discount rate is generally based on the incremental borrowing
rate specific to the lease being evaluated or for a portfolio of leases with similar characteristics.
xiv) Income Taxes
Provision for current tax is made based on the tax payable under the Income Tax Act, 1961. Current income tax relating
to items recognised outside profit and loss is recognised outside profit and loss (either in other comprehensive income
or in equity).
Deferred tax is recognised on temporary differences between the carrying amounts of assets and liabilities in the
financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities
and assets are measured at the tax rates that are expected to apply in the period in which the liability is settled or the
asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the
reporting period. The carrying amount of Deferred tax liabilities and assets are reviewed at the end of each reporting
period.
xv) Significant management judgment in applying accounting policies and estimation of uncertainty
Significant management judgments
When preparing the financial statements, management undertakes a number of judgments, estimates and assumptions
about the recognition and measurement of assets, liabilities, income and expenses. The following are significant
management judgments in applying the accounting policies of the Company that have the most significant effect on the
financial statements.
Estimation of uncertainty
a) Recoverability of advances/receivables
At each balance sheet date, based on historical default rates observed over expected life, the management assesses
the expected credit loss on outstanding receivables and advances.
b) Defined benefit obligation (DBO)
Management’s estimate of the DBO is based on a number of critical underlying assumptions such as standard
rates of inflation, medical cost trends, mortality, discount rate and anticipation of future salary increases. Variation
in these assumptions may significantly impact the DBO amount and the annual defined benefit expenses.
c) Provisions
At each balance sheet date on the basis of management judgment, changes in facts and legal aspects, the Company
assesses the requirement of provisions against the outstanding warranties and guarantees. However the actual
future outcome may be different from this judgment.
(iv) Rights, preferences and restrictions attached to Equity shares and preference share
a) The Company has equity shares having a face value of Rs. 10/- per share. On a show of hands, every holder of equity
shares is entitled for one vote and upon a poll shall have voting rights in proportion to the shares of the paid up capital
of the Company held by them. The dividend, if any, proposed by the Board of Directors is subject to the approval of the
shareholders in the Annual General Meeting.
b) The Company has preference shares having a face value of Rs. 10/- per share. On a show of hands, every holder of
preference shares is entitled for on vote and upon a poll shall have voting rights in proportion to the shares of the paid
up capital of the Company held by them.
During the year there are no financial instruments which are measured at Level 1 and Level 2 category.
The fair value of financial instruments referred above have been classified into three categories depending on the inputs used in
the valuation technique. The hierarchy gives the highest priority to quoted prices in active market for identical assets or liabilities
(level 1 measurements) and lowest priority to unobservable inputs (level 3 measurements). The categories used are as follows:
Level 1: This hierarchy includes financial instruments measured using quoted prices.
Level 2: The fair value of financial instruments that are not traded in an active market is determined using valuation techniques
which maximise the use of observable market data and rely as little as possible on entity-specific estimates. If all significant
inputs required to fair value an instrument are observable, the instrument is included in level 2.
(b) Commitments
Related party transaction with Partnership Firm M/s IITL-Nimbus The Express Park View: In terms of Tripartite Agreement
dated 06th October, 2023, the Continuing Partner, viz., Nimbus Projects Ltd has agreed that all liabilities of the Retiring
Partner and SPV, past, present and future, will be taken over by the Continuing Partner and that the Continuing Partner shall
always keep the Retiring Partner indemnified against any loss, damage or costs on account of the Agreement.
Related party transaction with Partnership Firm M/s IITL-Nimbus The Palm Village: In terms of Tripartite Agreement dated
16th October, 2023, the Continuing Partner, viz., Nimbus Projects Ltd has agreed that all liabilities of the Retiring Partner
and SPV, past, present and future, will be taken over by the Continuing Partner and that the Continuing Partner shall always
keep the Retiring Partner indemnified against any loss, damage or costs on account of the Agreement.
Related party transaction with Partnership Firm M/s IITL-Nimbus The Hyde Park Noida: In terms of Tripartite Agreement
dated 13th January, 2024, the Continuing Partner, viz., Nimbus Projects Ltd has agreed that all liabilities of the Retiring
Partner and SPV, past, present and future, will be taken over by the Continuing Partner and that the Continuing Partner shall
always keep the Retiring Partner indemnified against any loss, damage or costs on account of the Agreement.
Note: 39 There are no amounts due to the suppliers covered under the Micro, Small and Medium Enterprises Development Act,
2006: this information takes into account only those suppliers who have responded to the enquiries made by the Company for
this purpose. This has been relied upon by the Auditors.
Note: 40 In the opinion of the management, the trade receivables, current assets, loans and advances and trade payables are
approximately of the value stated if realized in the ordinary course of business. The provisions for all known liabilities are
adequate.
Note: 41 Status of Various Projects
a) The Company has developed a Group Housing Project “Express Park View” at Plot No GH-10B, Sector CHI-V, Greater
Noida, U.P., located in main Noida-Greater Noida Expressway. This Group Housing Project has all important facilities and
amenities such as well laid out roads and paths, landscaped areas and beautiful parks, street lights and well designed
services to give world class comfort feeling to the residents. Project has 332 flats & 4 shops, consisting of 2 Bed Rooms and
3 Bed Rooms in sizes varying from 831sq.ft. to 1458 sq.ft. Presently, the Project is fully complete in all respects. The
Company has booked total 332 Flats of varying sizes & 4 Shops, out of which the Company has given possession of 329
Flats & 4 Shops and has collected Rs. 92.84 crore against sale of flats & shops till 31.03.2025.
b) The Company had entered into a Partnership ‘IITL-NIMBUS THE HYDE PARK NOIDA’ in April 2010 with M/s IITL Projects
Ltd. & M/s Supertech Ltd. to develop the Group Housing Project “The Hyde Park” at Plot No. GH-03, Sector 78, Noida. The
agreed Capital Ratio between the partners was 45:45:10 with profit to be shared in the said Capital Ratio. During the year
ended 31.03.2016, M/s Supertech Ltd. retired from the partnership firm and now the revised Ratio between remaining
partners is 50:50. The Hyde Park Project for Residential Development encompasses all important facilities and amenities
such as well laid out roads and paths, landscaped areas and beautiful parks, street lights and well designed services to give
world class comfort feeling to the residents. Project consists of 2092 flats & 58 commercial units in totality. Apartments are
of IBHK/ 2BHK/ 3BHK & 4BHK with sizes varying from 525sq.ft. to 2428 sq.ft. The Partnership Firm has booked total 2092
Flats of varying sizes & 58 commercial units in the said Project and has collected Rs. 978.47 crore against sale/booking of
above said flats & commercial units till 31.03.2025.
c) The Company had entered into a Partnership ‘IITL-NIMBUS THE EXPRESS PARK VIEW’ with M/s IITL Projects Ltd. & M/s
Assotech Ltd. in April 2011, to develop the Group Housing Project ‘Express Park View - II’ at Plot No. GH-03, Sector CHI-V,
Greater Noida. The agreed Capital Ratio between the partners is 47.5:47.5:5 and profit will be shared in the said Capital
Ratio. w.e.f. 01.10.2018, M/s Assotech Ltd. retired from the partnership firm and the revised Ratio between remaining
partners become 50:50. Now during the previous year 2020-21, a Supplementary Partnership Deed was executed on
01.01.2021 and Profit sharing ratio is changed on the basis of Capital Contribution. Present ratio as on 31.03.2023 is 87.92
(Nimbus Projects Ltd.) : 12.08 (IITL Projects Ltd.). The Express Park View - II, Project for Residential Development shall
encompass all important facilities and amenities such as well laid out roads and paths, landscaped areas and beautiful
parks, street lights and well designed services to give world class comfort feeling to the residents. Project consists of 1320
flats & 40 Commercial Units and 312 Low Rise Apartments in totality. Apartments are of 2BHK/ 3BHK & 4BHK in sizes
varying from 984 sq.ft. to 2191 sq.ft. The Partnership Firm has booked total 1266 Flats of varying sizes & 40 Commercial
Units and 310 Low Rise Apartments in the said project and has collected Rs. 599.85 Crore against booking/sale of above
said flats till 31.03.2025.
d) The Company had entered into a Partnership ‘IITL-NIMBUS THE PALM VILLAGE’ with M/s IITL Projects Ltd. & M/s Assotech
Ltd. in June 2011, to develop the Group Housing Project ‘The Golden Palm Village’ at Plot No. GH-03, Sector 22A, Greater
Noida of Yamuna Expressway Industrial Development Authority. The agreed Capital Ratio between the partners is 47.5:47.5:5
and profit will be shared in the said ratio. w.e.f. 01.01.2019, M/s Assotech Ltd. retired from the partnership firm and the
revised Ratio between remaining partners become 50:50. Now during the previous year 2020-21, a Supplementary Partnership
Deed was executed on 01.01.2021 and w.e.f. 01.10.2020 the revised ratio between remaining partners become 50.56
(Nimbus Projects Ltd.) : 49.44 (IITL Projects Ltd.). ‘The Golden Palm Village’, Project for Residential Development shall
encompass all important facilities and amenities such as well laid out roads and paths, landscaped areas and beautiful
parks, street lights and well designed services to give world class comfort feeling to the residents. Due to Real Estate Market
conditions, low demand and consequent delay, the Firm, During the FY 2016-17, started refunding booking amount along
with interest to the customers, pursuant to the provision to that effect in Builder Buyer Agreement, as per which, the total
consideration received (including service tax) against the apartment shall be refunded along with the simple interest @12%
p.a. from the date of receipt of each payment from the allottee. Interest payable on booking amount to be refunded as on
31.03.2019 has been provided in books of account.
The Firm applied for partial surrender of project land as provided in PSP vide their letter dated 30.05.2017 and alternatively
the firm has also requested for reschedulement of its entire liability if request for partial surrender of land is not accepted in
any case. As per letter dt. 12.06.17 from the Authority, Firm’s application was accepted by Board of YEIDA, which would be
processed as per terms and conditions of PSP. Yamuna Expressway Industrial Development Authority (YEIDA) vide its
letter no. YEA/Builders/315/2020 Dt. 16.10.2020, intimated for the allotment of 55,152 Sq. Mtrs land (out of 1,02,995.70 Sq.
Mtrs land held at present) under PSP which is in proportion to payment made by the firm. Surrender Deed is executed on
30.11.2021 and registered on 01.12.2021. thereafter a further Surrender cum Correction Deed is executed on 17.11.2022,
in which land Area is reduced from 55,152 Sq. Mtrs. to 47,776.52 Sq. Mtrs.
Firm has Launched its project in the name of “The Palm Village”. Project consists of 702 Studio Apartment & 470 Low Rise
Apartments in totality. Apartments are of 3BHK in size varying from 2100 sq.ft. to 2175 sq.ft. The Partnership Firm has
booked total 579 Studio Apartments, 227 Low Rise Apartments & 4 Commercial Units in the said project and has collected
Rs. 148.42 Crore against booking/sale of above said flats till 31.03.2025.
e) The Company has a financial exposure of Rs. 50,00,000/- (Previous year Rs. 13,00,00,000/-) in its associate company, viz.
Capital Infraprojects Private Limited (“CIPL”) - investment in equity shares of Rs. 50,00,000/- (Previous year Rs. 50,00,000/
-) and investment in preference shares of Rs. NIL/- (Previous year Rs. 12,50,00,000/-). during the quarter ended 31.03.2023,
Company has sold its Investment in Preference Shares of Rs. 12,50,00,000/- in CIPL. Considering that the Company’s
investment in CIPL is of strategic and long term nature and having regard to the efforts being undertaken by CIPL, no
provision is considered necessary by the management for diminution in the value of the Company’s investment in CIPL.
The company M/s ‘Capital Infraprojects Pvt. Ltd.’ is developing a Group Housing Project at Plot No. GH-01/E, Sector - 168,
Noida. The Project ‘The Golden Palms’ encompasses all important facilities and amenities such as well laid out roads and
paths, landscaped areas and beautiful parks, street lights and well designed services to give world class comfort feeling to
the residents. Project consists of 1408 Flats and 52 Commercial Units in totality. Apartments are Studio Appt. / 2BHK/ 3BHK
& 4BHK in sizes varying from 506sq.ft. to 2629 sq.ft. The company M/s ‘Capital Infraprojects Pvt. Ltd.’ has booked total 1393
Flats of varying sizes and 49 Commercial Units in the said project and has collected Rs. 684.76 crore against booking/sale
of above said units till 31.03.2025. The Company M/s ‘Capital Infraprojects Pvt. Ltd.’ has received Completion Certificate
(CC) for all 3 phases of the Project.
f) The Company has executed a Joint Development Agreement (“JDA”) dated October 04, 2024 to act as Co-Developer (CD)
related to co-development of the Phase II of the project consisting of complete construction and development of 4 towers
(Towers 5,7,8 & 9) comprising 344 Flats along with club consisting a total of 12,161.97 Sq. mtr in Sunworld Arista Project
located at Plot No. GH-01C , Sector 168, Noida, Uttar Pradesh (the ’Project’) with M/s Sunworld Residency Private Limited
(‘Promoter of the said project’). NOIDA Authority vide its Letter dt. 23rd September, 2024, has approved the appointment of
Nimbus Projects Limited (‘the Company’) to act as a co-developer. With the execution of Joint Development Agreement
(and in lieu of total consideration), Sunworld Residency Private Limited has agreed to transfer entire development and sales
right of the development area exclusively and irrevocably in favour of the Company, to develop, market and transfer/sell the
completed structures of the development Area by way of sub-Lease/transfer deed etc. Thereafter, the Company has executed
a supplementary deed along with Noida Authority and Sunworld Residency Private Limited on 27.12.2024 and registerd on
28.12.2024. NOIDA Authority vide its letter dt. 24.01.2025 has approved the Validity Period of Drawings upto 23.01.2030.The
Company has applied to UP RERA to recognize the Company as promoter of the Project. The Company has awarded the
LOI on 20.01.2025, to carry out the Construction of Structure, Finishing and MEP Work of the Towers 5,7,8 & 9 of the
“Arista” Project on Cost Plus Contract basis, Total Value of the Works Contract will be approx. Rs. 350 Crore excluding GST.
The Company has spent / made an Investment of Rs.184.48 Crore till 31.03.2025 in the said Project.
g) The Company had 98% share in Partnership Firm ‘INDOGREEN INTERNATIONAL’ which is running a Hotel ‘The Golden
Palms Hotel & Spa’. The said hotel has started its operations in June 2013 and is successfully running . During the current
year, company has sold its 98% Share in Firm to M/s World Resorts Limited on 30.09.2024.
Note: 46: Business Combination
(i) The Board of Directors of the Company, in their meeting held on 07th July, 2022 considered the proposal of amalgamation
of 9 Companies ie. Gupta Fincaps Private Limited , Urvashi Finvest Private Limited, Intellectual Securities Private Limited.,
Happy Graphics & Exhibition Private Limited, Link Vanijya Private Limited, Dynamo Infracon Private Limited, Pushpak
Trading & Consultancy Private Limited, Mokha Vyapaar Private Limited, Padma Estates Private Limited with the Company,
in order to create more opportunities and simplify the organizational structure. The Scheme of Arrangement for Amalgamation
alongwith required documents was submitted with BSE on 12.10.2022. The Company received the queries from BSE from
time to time, replies of which are duly given to BSE, Last reply was filed on 31.07.2023 and NOC was received from BSE on
06.10.2023. Requisite applications have been filed with nClT (Delhi) & NCLT (Kolkata) on 16.12.2023 & 22.12.2023. First
Hearing in NClT (Delhi) was held on 30.01.2024 and order Pronounced on 20.02.2024 to convene the EGM of Nimbus
Projects Limited. EGM of Nimbus Projects Limited was successfully conducted on 25.05.2024. Second Motion Application
is filed with NCLT (Delhi) on 04.06.2024. First hearing was held on 14.06.2024, and thereafter held on 24.09.2024 &
19.11.2024, In which Order was reserved and thereafter Order is pronounced on 23.01.2025. First Hearing in NCLT (Kolkata)
was held in 05.02.2024 and order reserved. Second Motion Application is filed with NCLT (Kolkata)16.05.2024, thereafter
hearing was held on 10.07.2024, 02.08.2024,13.09.2024,19.11.2024 and 28.03.2025 In which Order was reserved and
thereafter Order is pronounced on 07.04.2025.
The scheme of Amalgamation (‘the scheme’) pursuant to Section 230-232 and other applicable provisions of the Companies
Act 2013, ‘the scheme’ for Amalgamation as approved by the Hon’ble National Company Law Tribunal (NCLT), New Delhi
vide its order dated 23rd January, 2025 & Hon’ble National Company Law Tribunal (NCLT), Division Bench, Kolkata vide its
order dated 07th April 2025, Nine companies namely M/s Gupta Fincaps Private Limited , M/s Urvashi Finvest Private
Limited, M/s Intellectual Securities Private Limited, M/s Happy Graphics & Exhibition Private Limited, M/s Link Vanijya
Private Limited, M/s Dynamo Infracon Private Limited, M/s Pushpak Trading & Consultancy Private Limited, M/s Mokha
Vyapaar Private Limited & M/s Padma Estates Private Limited (collectively referred to as the transferor companies) have
been merged with the Company.
(ii) IND AS 103 “Business Combinations” requires accounting treatment to be given from effective date i.e. the ‘Appointed Date’
is 01st April, 2022 which is approved by NCLT Kolkata & NCLT Delhi.
The scheme of amalgamation has been accounted under the “fair value” method as prescribed by Indian Accounting Standard
(IND AS 103) on “Accounting for Business Combinations”. The fair value of the identifiable assets and liabilities of the 9
transferor companies as at the effective date and purchase consideration is as follows:
Note: 1. Figures in brackets represent Previous year figures.
2. Transactions with Related Parties are shown inclusive of GST (wherever applicable) and net of TDS (wherever
applicable) Likewise, Outstanding Balances at the year-end are inclusive of GST and net of TDS.
3. As the future liability for gratuity and leave encashment is provided on an actuarial basis for the company as a whole,
the amount pertaining to the directors is not ascertainable and therefore, not included above.
Note 48: The Company holds 95% shares in partnership firm M/s IITL Nimbus The Express Park View & M/s IITL Nimbus The
Palm Village. Persuent to the agreement dated 12th February 2025, the other partner M/s Nimbus Propmart Private Limited, who
holds 5% shares in both the firms, has relinquished their management control in both the partnership firms w.e.f. 01st April 2024,
hence, both the above said firms became subsidiaries of the company w.e.f. 01st April 2024.
Note 49: Financial risk management
The Company’s business activities expose it to a variety of financial risks, namely liquidity risk, market risks and credit risk. The
Company’s senior management has overall responsibility for the establishment and oversight of the Company’s risk management
framework. The Company’s Board of Directors is responsible for developing and monitoring the Company’s risk management
policies. The key risks and mitigating actions are also placed before the Audit Committee of the Company. The Company’s risk
management policies are established to identify and analyse the risks faced by the Company, to set appropriate risk limits and
controls and to monitor risks and adherence to limits. Risk management policies and systems are reviewed regularly to reflect
changes in market conditions and the Company’s activities.
The Risk Management Committee of the Company is supported by the Finance team and experts of respective business divisions
that provides assurance that the Company’s financial risk activities are governed by appropriate policies and procedures and
that financial risks are identified, measured and managed in accordance with the Company’s policies and risk objectives. The
activities are designed to:
• protect the Company’s financial results and position from financial risks
• maintain market risks within acceptable parameters, while optimizing returns; and
• protect the Company’s financial investments, while maximizing returns.
The Treasury department is responsible to maximize the return on company’s internally generated funds.
A. Management of Liquidity Risk:
Liquidity risk is the risk that the company will face in meeting its obligations associated with its financial liabilities. The
company’s approach to managing liquidity is to ensure that it will have sufficient funds to meet its liabilities when due without
incurring unacceptable losses. In doing this, management considers both normal and stressed conditions. A material and
sustained shortfall in our cash flow could undermine the company’s credit rating and impair investor confidence
B. Management of Market risks
Market risks comprises of:
• price risk; and
• interest rate risk
The company does not designate any fixed rate financial assets as fair value through profit and loss nor at fair value through
OCI. Therefore company is not exposed to any interest rate risks. Similarly company does not have any financial instrument
which is exposed to change in price.
C. Management of Credit Risks
Credit risk is the risk of financial loss to the company if a customer or counter-party fails to meet its contractual obligations.
Trade receivables
In the case of sale of finished units, sale agreements are executed only upon/against substantial payment. Credit risk on
trade receivables in respect of realty rentals is limited as the customers of the Company mainly consist of group Companies.
Based on the past history of payments received, there have been no defaults.
Credit risk on trade receivables in respect of other operating income is negligible since the terms of payment are immediate.
Based on the above factors and historical data, loss on collection of receivables is not material and hence no additional
provision was made.
Our historical experience of collecting receivables, supported by the level of default, is that credit risk is low.Company is not
exposed to any other credit risks
Capital Management
The company considers the following components of its Balance Sheet to be managed capital:
Total equity as shown in the balance sheet includes retained profit and share capital.
The company aims to manage its capital efficiently so as to safeguard its ability to continue as a going concern and to
optimise returns to the shareholders. The capital structure of the company is based on management’s judgment of the
appropriate balance of key elements in order to meet its strategic and day-to-day needs. The Company considers the
amount of capital in proportion to risk and manages the capital structure in light of changes in economic conditions and the
risk characteristics of the underlying assets. In order to maintain or adjust the capital structure, the company may adjust the
amount of dividends paid to shareholders, return capital to shareholders or issue new shares.
The company’s policy is to maintain a stable and strong capital structure with a focus on total equity so as to maintain
investor, creditors and market confidence and to sustain future development and growth of its business. The company will
take appropriate steps in order to maintain, or if necessary adjust, its capital structure. company is not subject to financial
covenants in any of its significant financing agreements.The management monitors the return on capital as well as the level
of dividends to shareholders.
Note 50: Segment information
Operating segments are reported in a manner consistent with the internal reporting provided to the Chief Operating Decision
Maker (“CODM”) of the Company The CODM, who is responsible for allocating resources and assessing performance of the
operating segments, has been identified as the Chairman & Managing Director of the Company. The Company is primarily
engaged in the business of Real estate development and related activities, which the CODM recognises as the sole business
segment. Hence disclosure of segment wise information is not required and accordingly not provided.
Note 51:
Other Statutory Information
i) The Company does not have any benami property, where any proceeding has been initiated or pending against the Company
for holding any benami property.
ii) The Company has not traded or invested in Crypto currency or Virtual Currency during the financial year.
iii) 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:
(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
iv) 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:
(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.
v) 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 Act, 1961 (such as, search or survey
or any other relevant provisions of the Income Tax Act, 1961.
vi) The Company has complied with the number of layers prescribed under clause (87) of section 2 of the Act read with the
Companies (Restriction on number of Layers) Rules, 2017.
vii) The Company is not declared wilful defaulter by and bank or financials institution or lender during the year.
viii) The Company does not have any charges or satisfaction which is yet to be registered with ROC beyond the statutory period.
ix) The Company does not have any transactions with companies which are struck off.
Note 52:
Previous year figures have been regrouped, rearranged and/or reclassified wherever necessary to conform to current year’s
classification.
As per our report of even date attached
For Oswal Sunil & Company For and on behalf of the Board of Directors
Chartered Accountants
Firm Registration Number: 016520N
CA Nawin K Lahoty BIPIN AGARWAL RAJEEV KUMAR ASOPA
Partner Managing Director Director
Membership Number: 056931 DIN - 00001276 DIN - 00001277
Place : New Delhi JITENDRA KUMAR RITIKA AGGARWAL
Date : 30-05-2025 Chief Financial Officer Company Secretary
M.No. - A69712
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