The Company's operations are principally based in India only. Hence secondary segment reporting for geographic segment is not applic The Company is currently focused on four business groups: Infrastructure/Realty, Petroleum and related products, Biomedical Waste recycling Machinery and other equipments (previously categorised as trading segment) and Bitumen Emulsion and other road construction related materials. However there is no revenue generated from the infrastructure/ realty segment during the period reported. Further, the company has identified a new segment - "Bitumen emulsion and other road construction related material" with effect from this year.

The Company's organisational structure and governance processes are designed to support effective management of multiple businesses while retaining focus on each one of them.

29.08 The balances appearing under long term borrowings, short term borrowings, trade payables, trade receivables, loans and advances, and banks are subject to confirmation and reconciliation and consequential adjustment, if any, will be accounted for in the year of confirmation and/or reconciliation.

Note - 29 Additional information to the financial statements

29.09 The company had entered into an Memorandum of Understanding (MOU) dated 16th November, 2016 with M/s Sanjay Builders (a partnership firm in which directors of the company are interested as partners) wherein the company is awarded the contract of construction of the property at 48, Mia Mohamad Chotani Road, Mahim (West), Mumbai - 400 016. Expenses incurred during the year on account of the said construction had been carried forward as work in progress in the financial statement. During the current year, on account of certain delays from counterparty the company has cancelled the MOU and the amount incurred by the company on the said project and held as work in progress in financial statements has been recovered on cost basis from the counter party.

29.10 The Board of Directors at its meeting held on 28th May, 2024 proposed a dividend of Rs. 0.035 per equity share subject to the approval of the shareholders in the upcoming annual general meeting.

29.11 In the opinion of the Board, assets other than fixed assets do have a value on realisation in the ordinary course of business at least equal to the amount at which they are stated.

29.12 All unutilised leaves of employees lapses at the end of the financial year so company has not provided for leave encashment.

29.13 The quarterly returns or statements filed by the company for the above facility are in agreement with the books of account of the company except for the statements filed for quarters during the year ended 31st March 2024, where difference were noted between the amounts as per books of account for respective quarter and amount as reported in the quarterly statements. The differences were in case of debtors amounting to Rs. 0.15 lakhs (amount reported Rs. 3081.78 lakhs vs amount as per books of accounts Rs. 3081.92 lakhs), Rs. 1.64 lakhs (amount reported Rs. 2983.60 lakhs vs amount as per books of accounts Rs. 2981.96 lakhs), Rs. 11.75 lakhs (amount reported Rs. 3487.71 lakhs vs amount as per books of accounts Rs. 3475.97 lakhs), Rs. 5.57 lakhs (amount reported Rs. 3482.95 lakhs vs amount as per books of accounts Rs. 3477.37) for the quarter ended 30th June, 2023, 30th September, 2023, 31st December 2023, 31st March 2024. Further the difference in case of inventory were amounting to Rs. 11.38 lakhs (amount reported Rs. 514.26 lakhs vs amount as per books of accounts Rs. 525.64 lakhs), Rs. 5.10 lakhs (amount reported Rs. 513.73 lakhs vs amount as per books of accounts Rs. 518.83 lakhs), Rs. 2.5 lakhs (amount reported Rs. 377.90 lakhs vs amount as per books of accounts Rs. 375.40 lakhs) for the quarter ended 30th September, 2023, 31st December 2023, 31st March 2024 The company has reconciled the differences and identified the reasons for differences.

29.14 Previous year's figures have been regrouped/reclassified wherever necessary to correspond with the current period's classification/disclosure.

Notes : Financial assets and liabilities include cash and cash equivalents, trade receivables, eligible current and non-current assets, trade payables, borrowings, lease and eligible current liabilities and non-current liabilities. The fair value of cash and cash equivalents, trade receivables, trade payables, other current financial assets and liabilities approximate their carrying amount largely due to the short-term nature of these instruments.

Note 31 B - Fair value hierarchy for assets and liabilities Fair value measurement

Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date under current market conditions.

The Company categorizes assets and liabilities measured at fair value into one of three levels depending on the ability to observe inputs employed in their measurement which are described as follows:

i) Level 1

Quoted (unadjusted) prices in active markets for identical assets or liabilities.

ii) Level 2

Other techniques for which all inputs which have a significant effect on the recorded fair values are observable, either directly or indirectly.

iii) Level 3

Techniques which use inputs that have a significant effect on the recorded fair value that are not based on observable market data.

Financial instruments measure at amortised cost

The carrying amount of financial assets and financial liabilities measured at amortised cost in the Financial Statements are a reasonable approximation o their fair values since the Company does not anticipate that the carrying amounts would be significantly different from the values that would eventuall be received or settled

Note 32 Corporate Social Responsibility

(a) CSR amount required to be spent as per Section 135 of the Companies Act, 2013 read with schedule VII thereof by the company during the year is Rs.11.15 lakhs (Previous Year Rs. 7.59 lakhs)

(b) Expenditure related to Corporate Social Responsibility is Rs. 11.15 lakhs (Previous Year Rs. 7.60 lakhs)

(B) Defined benefit plan a) Gratuity

The Company has a defined benefit gratuity plan. Every employee who has completed five years or more of service gets a gratuity on departure at 15 days salary (last drawn salary) for each completed year of service. This benefit is unfunded. The following tables summarise the components of net benefit expense recognised in the statement of profit or loss and the funded status and amounts recognised in the balance sheet for the respective plans :

(*) The company has recognised gratuity provision for the first time from current financial year, since the company was in process of obatining valuation report for the valuation till the time of closure of accounts for last financial year. As a result the entire amount of opening liability is accounted as current service cost for the current period. The amount of current service cost, thus includes, the actual current service cost for the current year plus the amount of gratuity liability existing as on 1.4.2023 as per valuation report

Methods and assumptions used in preparing sensitivity and their limitations: The liability was projected by changing certain assumptions and the total liability post the change in such assumptions have been captured in the table above. This sensitivities are based on change in one single assumption, other assumptions being constant. In practice, scenario may involve change in several assumptions where the stressed defined benefit obligation may be significantly impacted.

The company does not have any leave encashment policy