2.13 PROVISIONS, CONTINGENT LIABILITIES & CONTINGENT ASSETS (AS-29)
Provisions are recognized only when there is a present obligation as a result of past events
and when a reliable estimate of the amount of the obligation can be made.
Contingent Liabilities is disclosed in the accounts for:-
• (i) Possible obligations which will be confirmed only by future events not wholly within
the control of the company or
• (ii) Present Obligations arising from past events where it is not probable that an outflow of
resources will be required to settle the obligation or a reliable estimate of the amount of
the obligation cannot be made.
Contingent assets are not recognized in the financial statement since this may result in the
recognition of the income that may never be realized.
2.14 GENERAL
Except wherever stated, accounting policies are consistent with the generally accepted
accounting principles and have been consistently applied.
• The Company has used accounting software for maintaining its books of account, which
includes an audit trail (edit log) facility. The same operated throughout the year for all
relevant transactions. For the period 1st April 2024 to 31st March 2025, no instance of
tampering with the audit trail feature was observed.
As per our separate report of even For and on behalf of the
date attached. Board of Directors
For Shiv & Associates
Chartered Accountants
Firm's Registration No.:009989N
CA Abhishek Vashisht
Partner
M. No.- 526307 AMIT KANWAR JINDAL SAPNA JINDAL
UDIN: 25526307BMLFPN2351 Managing Director Whole Time Director
Place: Faridabad DIN: 00034633 DIN: 03269137
Date: 28 May 2025
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