(a) Contingent liabilities
- Outstanding Bank Guarantees - -
- Claim received but not acknowledged by the Company - -
(b) Estimated amount of contracts remaining to be executed on capital account and not provided for - -
(net of advances)
(c) The Company has commitments for services, purchase of goods and employee benefits, in normal course of business. - -
The Company does not have any long-term commitments/contracts including derivative contracts for which there will be
any material foreseeable losses.
28 Balances appearing under loans & advances, trade receivables, trade payables, current assets and current liabilities are subject to confirmation in certain cases.
29 The Company had opted for taxation as per section 115BAA of the Income Tax Act, 1961 and has calculated the tax @22% plus surcharge @10% and cess of 4%. The
effective tax rate being 25.168% for the financial year.
30 Consequent to the Accounting Standard (AS) 22 - “Accounting for Taxes on Income” issued by The Institute of Chartered Accountants of India being mandatory, the
Company has recorded the effects for deferred taxes.
- Principal amount due to suppliers registered under the MSMED Act and remaining unpaid as at year end. - -
- Interest due to suppliers registered under the MSMED Act and remaining unpaid as at year end. - -
- Principal amounts paid to suppliers registered under the MSMED Act, beyond the appointed day during the year. - -
- Interest paid by the Company in terms of Section 16 of MSMED Act, 2006, along with the amount of the payment made to
the suppliers and service providers beyond the appointed day during the year.
- Interest paid, under Section 16 of MSMED Act, to suppliers registered under the MSMED Act, beyond the appointed day
during the year.
- Interest paid, other than under Section 16 of MSMED Act, to suppliers registered under the MSMED Act, beyond the
appointed day during the year.
- Amount of interest due and payable for the year of delay in making payment (which have been paid but beyond the
appointed day during the year) but without adding the interest specified under the MSMED Act.
- Interest accrued and remaining unpaid as at the end of year. - -
- Amount of further interest remaining due and payable even in the succeeding years, until such date when the interest dues
above are actually paid to the small enterprise, for the purpose of disallowance of a deductible expenditure under section 23 of - -
the MSMED Act.
# The above disclosure has been determined to the extent such parties have been identified on the basis of information available with the Company. This has been relied upon by the auditors.
33 During the year, the Company has conducted physical verification of its property, plant and equipment in order to ensure their location, existence and assess their working
condition. No discrepancies have been reported during such verification.
34 The Code on Social Security, 2020 ('Code') relating to employee benefits during employment and postemployment received Presidential assent on 28th September 2020 and
has been published in the Gazette of India. However, the date on which the provisions of the Code will come into effect has not been notified. Further, related Schemes and
Rules are also awaited. The Company will evaluate the impact of the code after it has been notified.
35 In opinion of the Board, the loans & advances and other current assets have a value, which if realized in the ordinary course of business, will not be less than the value stated
in the Balance Sheet.
36 Additional regulatory information
(i) There are no proceedings that have been 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 Benami Transactions (Prohibition) Act, 1988) and the rules made thereunder.
(ii) The Company has not been declared wilful defaulter by any bank or financial institution or other lender.
(iii) There are no transactions / relationship with struck off companies.
(iv) 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.
(v) The Company has neither traded nor invested in Crypto currency or Virtual Currency during the year ended March 31, 2025. 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.
(vi) 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 or entity, including foreign entities
("Intermediaries") with the understanding (whether recorded in writing or otherwise) that the Intermediary shall, whether directly or indirectly lend or invest in other persons/entities identified in any other
manner whatsoever by or on behalf of the Company ('ultimate beneficiaries') or provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries.
(vii The Company has not been sanctioned working capital limits from banks or financial institutions during any point of time of the year on the basis of security of current assets.
(viii 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.
(ix) Valuation of PP&E, intangible asset and investment property: The Company has not revalued its property, plant and equipment (including right-of-use assets) or intangible assets or both during the current
year.
(x) There are no transactions / relationship with struck off companies.
37 Previous year amounts have been regrouped and/or reclassified wherever necessary to confirm to those of the current year grouping and/or classification.
This is the summary of significant accounting policies and other explanatory information referred to in our report of even date.
For KPSJ & ASSOCIATES LLP
Chartered Accountants For and on behalf of the Board of Directors of
Firm Registration No.: 124845W / W100209 Pearl Green Clubs and Resorts Limited
SD/- SD/- SD/-
Prakash Parakh Sanju Vishal Sharma
Partner Whole-time director Director
Membership No.: 039946 DIN:10648601 DIN:10727395
UDIN: 25039946BMIFBD1823 Place: Ahemdabad Place: Ahemdabad
Place: Ahemdabad Date: May 28, 2025 Date: May 28, 2025
Date: May 28, 2025
SD/-
Bhumikaben Variya
Company Secretary
Membership No.: A64912
Place: Surat
Date: May 28, 2025
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