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32 Contingent Liabilities & Commitments
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(? in Lacs)
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Particulars
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Year ended
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Year ended
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March 31, 2025
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March 31, 2024
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Contingent Liabilities
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Corporate Guarantees given by the Company for Loans taken by Sister Concerns (In capacity as a Co-Guarantor to the Banks- Sanctioned Amount)
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5,236.85
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4,920.00
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Bank Guarantees
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12,639.43
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4,124.62
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Income Tax TDS Demand
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14.26
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12.52
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Income Tax Demand for FY 2016-17 and FY 2018-19. The Company has filed online rectification request and its expects that the due rectification will be done by the department and no liability will arise
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285.45
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0.52
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Commitments
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Capital Expenditure- Plant and Machinery
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2,510.93
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-
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The Company has been contributing to a Gratuity Fund managed by the Life Insurance Corporation of India (LIC). These contributions have been charged to the Statement of Profit and Loss. Accordingly, the plan assets and the defined benefit obligations have not been separately recognised in the Balance Sheet. As at 31st March 2025, the plan assets exceed the defined benefit obligation.
37 Other Disclosure
i. The figures in the Balance Sheet and Statement of Profit & Loss have been rounded off to the Lacs and re-grouped wherever necessary.
ii. The Company does not have any Benami property, where any proceeding has been initiated or pending against the company for holding any Benami property under Benami Transactions (Prohibition) Act, 1988 (45 of 1988)
iii. The Company does not have any transactions with companies struck off under section 248 of the Companies Act, 2013 or section 560 of Companies Act, 1956.
iv. The Company does not have any charges or satisfaction yet to be registered with ROC beyond the statutory period.
v. The Company do not have any transactions with Crypto Currency or Virtual Currency where the Company has traded or invested in Crypto Currency or Virtual Currency during the year.
vi. The Company has not advanced or loaned or invested funds to any other persons or entities, 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.
vii. The Company has not received any fund from any persons or entities, 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.
viii. The Company complies with the number of layers of companies by clause 87 of Section 2 of the Act read with the Companies (Restriction on number of Layers) Rules, 2017 for the year ended on March 31,2025.
ix. The Company does not have any 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.
1 During the financial year, the company raised additional equity capital through an IPO, contributing to an overall increase in shareholders' equity.
2 Company's turnover grew by approximately 278% during the financial year, which contributed to enhanced operating performance. This increase was reflected across various financial metrics, including higher sales, purchases, and profit, along with corresponding growth in trade receivables, trade payables, working capital, current assets, current liabilities, and capital employed.
3 Company had invested in a Limited Liability Partnership (LLP) in the capacity of a partner and was earning profit share and interest income. During the year, the said LLP has been converted into a Limited Company.
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