in Provisions
Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be
required to settle the obligation, and a reliable estimate can be made of the amount of the obligation.
The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the end of the reporting period,
taking into account the risks and uncertainties surrounding the obligation. When a provision is measured using the cash flows estimated to settle the present
obligation, its carrying amount is the present value of those cash hows (when the effect of the time value of money is material).
An onerous contract is a contract under which the unavoidable costs (ie, the costs that the Company cannot avoid because it has the contract) of meeting
the obligations under the contract exceed the economic benefits expected to be received under it. The unavoidable costs under a contract reflect the least
net cost of exiting from the contract, which is the lower of the cost of fulfilling it and any compensation or penalties arising from failure to fulfil it The cost of
fulfilling a contract comprises the costs that relate directly to the contract (i.e., both incremental costs and an allocation of costs directly related to contract
activities).
n Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and on hand and short-term deposits with original maturities of three months or less that are readily
convertible to known amounts of cash and which are subject to an insignificant risk of changes in value.
o Earnings per share
Bask earnings per share is computed by dividing the profit after tax by the weighted average number of equity shares outstanding during the year.
Diluted earnings per share is computed by dividing the profit after tax as adjusted for dividend, interest and other charges to expense or income relating to
the dilutive potential equity shares, by the weighted average number of equity shares considered for deriving bask earnings per share and the weighted
average number of equity shares which could have been issued on the conversion of all dilutive potential equity shares.
p Impact of the Initial application of new and amended IndASs that are effective In the current year that begins on or after April 1,2024.
Ministry of Corporate Affairs ("MCA") notifies new standards or amendments to the existing standards under Companies (Indian Accounting Standards) Rules
as issued from time to time. For the year ended March 31,2025, MCA has notified Ind AS -117 Insurance Contracts and amendments to Ind AS 116 - Leases,
relating to sale and leaseback transactions, applicable to the Company w.e.f. April 1, 2024. The Company has reviewed the new pronouncements and based
on its evaluation has determined that it does not have any significant impact in its financial statements Standards issued but not yet effective:
Ministry of Corporate Affairs ("MCA”) notifies new standards or amendments to the existing standards under Companies (Indian Accounting Standards) Rules
as issued from time to time.
MICA has notified amendments to the existing standards IND AS 21: The Effects of changes in Foreign Exchange rates applicable to the Group w.e.f. April 01,
2025 to address concerns about currency exchangeability and provide guidance on estimating spot exchange rates when a currency is not exchangeable.
There is no significant impact on the Company in the current year.
Dividends: Provision is made for the amount of any dividend declared, being appropriately authorised and no longer at the discretion of the entity, on or
before the end of the reporting period but not distributed at the end of the reporting period.
Rounding of amounts: All amounts disclosed in the financial statements and notes have been rounded off to the nearest Lakhs as per the requirement of
Schedule III, unless otherwise stated.
Going Concern: The directors have, at the time of approving the financial statements, a reasonable expectation that the Company has adequate resources to
continue in operational existence for the foreseeable future. When preparing financial statements, management makes an assessment of the Company’s ability
to continue as going concern. Financial statements is prepared on going concern basis unless management either intends to liquidate the company or to
cease trading, or has no realistic alternative but to do so. When management is aware, in making its assessment, of material uncertainties related to events or
conditions that may cast significant doubt upon the group's ability to continue as going concern, those uncertainties are disclosed. When the financial
statement is not prepared on a going concern basis, that face is disclosed, together with the basis on which the financial statement is prepared and the reason
why the group is not regarded as going concern.
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