(K) Provisions and Contingencies
Provisions:
Provisions are recognized when there is a present obligation (legal or constructive) 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 there is a reliable estimate of the amount of the obligation. Provisions are
measured at the best estimate of the expenditure required to settle the present obligation at the
Balance sheet date and are discounted to its present value as appropriate.
Contingent Liabilities:
Contingent liabilities are disclosed when there is a possible obligation arising from past events, the
existence of which will be confirmed only by the occurrence or nonoccurrence of one or more
uncertain future events not wholly within the control of the company or a present obligation that
arises from past events where it is either not probable that an outflow of resources will be required
to settle or a reliable estimate of the amount cannot be made, is termed as a contingent liability.
(L) Revenue recognition
Revenue is measured at fair value of the consideration received or receivable. Revenue is recognized
when (or as) the Company satisfies a performance obligation by transferring a promised good or service
(i.e. an asset) to a customer. An asset is transferred when (or as) the customer obtains control of that
asset.
When (or as) a performance obligation is satisfied, the Company recognizes as revenue the amount of
the transaction price (excluding estimates of variable consideration) that is allocated to that performance
obligation.
The Company applies the five-step approach for recognition of revenue:
i. Identification of contract(s) with customers;
ii. Identification of the separate performance obligations in the contract;
iii. Determination of transaction price;
iii. Allocation of transaction price to the separate performance obligations; and
iv. Recognition of revenue when (or as) each performance obligation is satisfied.
(M) Other incomes:
Interest: Interest income is calculated on effective interest rate but recognized on a time proportion
basis taking into account the outstanding amount and the rate applicable.
Dividend: Dividend income is recognized when the right to receive dividend is established.
(N) Finance Cost
Borrowing costs that are directly attributable to the acquisition or construction of qualifying assets are
capitalized as part of the cost of such assets. A qualifying asset is one that necessarily takes substantial
period of time to get ready for its intended use. based on borrowings incurred specifically for financing
the asset or the weighted average rate of all other borrowings, if no specific borrowings have been
incurred for the asset.
Interest income earned on the temporary investment of specific borrowings pending their expenditure
on qualifying assets is deducted from the borrowing costs eligible for capitalization.
Borrowing costs include exchange differences arising from foreign currency borrowings to the extent
they are regarded as an adjustment to the interest cost.
All other borrowing costs are charged to the Statement of Profit and Loss for the period for which they
are incurred.
(O) Earnings per share (EPS):
Basic EPS is calculated by dividing the net profit or loss for the period attributable to equity shareholders
by the weighted average number of equities shares outstanding during the period. For the purpose of
calculating diluted EPS, the net profit or loss for the period attributable to equity shareholders and the
weighted average number of additional equity shares that would have been outstanding are considered
assuming the conversion of all dilutive potential equity shares. Earnings considered in ascertaining the
EPS is the net profit for the period and any attributable tax thereto for the period.
(P) Fair Value Measurement:
The Company measures financial instruments such as investments in quoted equity shares, certain other
investments etc. at fair value at each Balance Sheet date.
Fair value is the price that would be received to sell an asset or paid to transfer a liability at the
measurement date. All assets and liabilities for which fair value is measured or disclosed in the financial
statements are categorized within the fair value hierarchy, described as follows, based on the lowest level
input that is significant to the fair value measurement as a whole.
Level 1 - Quoted (unadjusted) market prices in active markets for identical assets or liabilities.
Level 2 - Valuation techniques for which the lowest level input that is significant to the fair value
measurement is directly or indirectly observable.
Level 3 - Valuation techniques for which the lowest level input that is significant to the fair value
measurement is unobservable.
(Q) Financial Instruments:
A financial instrument is any contract that gives rise to a financial asset of one entity and a financial liability
or equity instrument of another entity.
Financial assets:Initial recognition
Financial assets are recognized when the Company becomes a party to the contractual provisions of
the instruments. Financial assets other than trade receivables and other specific assets are initially
recognized at fair value plus transaction costs for all financial assets not carried at fair value through
profit or loss. Financial assets carried at fair value through profit or loss are initially recognized at fair
value, and transaction costs are expensed in the Statement of Profit and Loss.
Subsequent measurement
Financial assets, other than equity instruments, are subsequently measured at amortized cost, fair
value through other comprehensive income or fair value through profit or loss on the basis of both:
i. The entity's business model for managing the financial assets and
ii. The contractual cash flow characteristics of the financial asset.
De-recognition
The Company derecognizes a financial asset when the contractual rights to the cash flows from the
financial asset expire, or it transfers rights to receive cash flows from an asset, it evaluates if and to
what extent it has retained the risks and rewards of ownership. When it has neither transferred nor
retained substantially all of the risks and rewards of the asset, nor transferred control of the asset,
the Company continues to recognize the transferred asset to the extent of the Company's continuing
involvement. In that case, the Company also recognizes an associated liability. The transferred assets
and the associated liability are measured on a basis that reflects the rights and obligations that the
Company has retained.
Financial Liabilities:Initial Recognition and Subsequent Measurement
All financial liabilities are recognized initially at fair value and in case of borrowings and payables, net
of directly attributable cost. Financial liabilities are subsequently carried at amortized cost using the
effective interest method. For trade and other payables maturing within one year from the Balance
Sheet date, the carrying amounts are approximately fair value due to the short maturity of these
instruments. Changes in the amortized value of liability are recorded as finance cost.
De-recognition
Financial liability is de-recognized when the obligation under the liability is discharged or cancelled or
expires. When an existing financial liability is replaced by another from the same lender on
substantially different terms, or the terms of an existing liability are substantially modified, such an
exchange or modification is treated as the derecognition of the original liability and the recognition of
a new liability. The difference in the respective carrying amounts is recognized in the statement of
profit or loss.
The previous year's figures have been reworked, regrouped, and reclassified wherever necessary.
Amounts and other disclosures for the preceding year are included as an integral part of the current
annual financial statements and are to be read in relation to the amounts and other disclosures
relating to the current financial year.
26 Credit and Debit balances of unsecured loans, sundry creditors, sundry Debtors, loans and Advances are
subject to confirmation and therefore the effect of the same on profit could not be ascertained.
27 Foreign Currency Transactions: -
Expenditure in Foreign Currency: - Nil
Earnings in Foreign Currency: - Nil28 Related Parties Disclosure: -
The Disclosures of Transaction with the related parties as defined in the related parties as defined in
the Ind-AS are given below:
List of related parties with whom transactions have taken place and relationships: -
The company has initiated the process of obtaining the confirmation from suppliers who have registered
themselves under the Micro, Small and Medium Enterprises Development Act, 2006 (MSMED Act, 2006) but
has not received the same in totality. The above information is compiled based on the extent of responses
received by the company from its suppliers.
32 Title deeds of immovable Property
Title deeds of immovable property have not been held in the name of promoter, director, or relative of
promoter/ director or employee of promoters/director of the company, hence same are held in the name
of the company.
33 Revaluation of Property, Plant and Equipment and Intangible Assets:-
The company has not done revaluation of Property, Plant and Equipment and Intangible Assets.
34 Capital Work in Progress (CWIP):-
There is no Capital Work in Progress (CWIP) for the current year.
35 Intangible assets under development: -
There are no Intangible assets under development in the current year.
36 Details of Benami Property held:-
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 the Benami Transaction (prohibition) act, 1988
and rules made there under.
37 Willful Defaulter: -
The Company has not been declared a willful defaulter by any bank or financial institution or government
or government authority
38 Relationship with Struck off Companies: -
The company does not have such transaction with Struck off Companies.
39 Registration of charges or satisfaction with Registrar of Companies: -
The company does not have any charges or satisfaction, which is yet to be registered with Registrar of
Companies beyond the statutory period.
40 Compliance with approved Scheme(s) of Arrangements
The Company does not have made any arrangements in terms of section 230 to 237 of companies act 2013,
and hence there is no deviation to be disclosed.
41 Utilization of Borrowed funds and share premium:-
As on March 31, 2025 there is no unutilized amount in respect of any issue of securities and long-term
borrowings from bank and financial institutions. The borrowed funds have been utilized for the specific
purpose for which the funds were raised.
42 Details of crypto currency or virtual currency: -
The company has not traded or invested in crypto currency or virtual currency during the financial year.
43 The Company has not advanced or loaned to or invested in funds to any other person(s)or entity (is), including
foreign entities (Intermediaries) with the understanding that the Intermediary shall:
a) directly or indirectly lend to 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.
44 The Company has not received any fund from any person(s) or entity(is), including foreign entities (Funding
Party) with the understanding (whether recorded in writing or otherwise) that the Company shall:
a) directly or indirectly lend to 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.
STATEMENT CONTAINING SALIENT FEATURES OF THE FINANCIALS STATEMENTS OF SUBSIDIARIES, ASSOCIATES AND JOINT VENTURES
(PURSUANT TO FIRST PROVISO TO SUB SECTION (3) OF SECTION 129 OF THE COMPANIES ACT READ WITH RULE 5 OF COMPANIES (ACCOUNTS) RULES, 2014
Notes:
1. Data of Vastavya Rose Merc Private Limited & LK Vet Care Private Limited are provisional since their Finalization is under process.
2. Golden Eagle Rosemerc Private Limited is an associate company of Rose Merc Limited. Since the company was incorporated in FY 25-26 itself and the
company has not commenced with the business till 31st March 2026, there are no financial data available.
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