p. Contingent Liability, Provisions and Contingent Asset
The Company creates a provision when there is present obligation as a result of a past event that probably requires an outflow of resources and a
reliable estimate can be made of the amount of obligation.
A disclosure for a contingent liability is made when there is a possible obligation or a present obligation that probably will not require an outflow of
resources or where a reliable estimate of the obligation cannot be made.
Contingent assets are neither recorded nor disclosed in the financial statements.
q. Earnings Per Share
Basic earnings per share are calculated by dividing the net profit or loss for the period attributable to equity shareholders (after deducting
preference dividends and attributable taxes) by the weighted average number of equity shares outstanding during the period. Partly paid equity
shares are treated as a fraction of an equity share to the extent that they are entitled to participate in dividends relative to a fully paid equity share
during the reporting period.
The weighted average numbers of equity shares are adjusted for events such as bonus issue, bonus element in the rights issue, share split and
reverse share split (consolidation of shares) that have changed the number of equity shares outstanding, without corresponding change in
resources.
For the purpose of calculating diluted earnings per share, the net profit or loss for the year attributable to equity shareholders and the weighted
average number of shares outstanding during the period are adjusted for the effects of all dilutive potential equity shares.
r. Dividend
The final dividend on shares is recorded as a liability on the date of approval by the Shareholders and interim dividends are recorded as a liability
on the date of declaration by the Board of Directors. During the year the company has not declared any dividend.
s. Segment Reporting
The accounting policies adopted for segment reporting are in conformity with the accounting policies adopted for the Company. The Company’s
operating businesses are organized and managed appropriately according to the nature of products and services provided. Refer Note 41 for
segment information presented.
(either from borrowed funds or share premium or any other
sources or kind of funds) to any other person(s) or entity(ies),
including foreign entities (intermediaries) with the understanding
(whether recorded in writing or otherwise) that the Intermediary
shall
i. 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
ii. provide any guarantee, security or the like to or on behalf of the
Ultimate Beneficiaries;
. The ratios to be disclosed are as follows :
48. In the opinion of the Board, the Current assets and loans and
advances are approximately of the value stated, if realized in the
ordinary course or business, except otherwise stated. The provision
for all the known liabilities is adequate and not in excess of amount
considered reasonably necessary.
49. Previous year figures have been regrouped/ reclassified, where
necessary, to conform to this year’s classification.
50. ADDITIONAL REGULATORY INFORMATION
a. There are no title deeds of immovable property which are shown in
the Balance Sheet but are not held in the name of the company, so
no additional disclosure is required in this respect.
b. There is no data to report under Relationship with Struck Off
Companies.
c. No proceedings have been initiated or are pending against the
company for holding any benami property under the Benami
Transactions (Prohibition) Act, 1988 (45 of 1988) and rules made
thereunder, so no additional disclosure is required in this respect.
d. The company is a not declared willful defaulter by any bank or
financial Institution or other lender so no additional disclosure is
required in this respect.
e. The Company does not have borrowings from banks on the basis
of security of current assets except against own deposits so no
quarterly returns are required to be filed by the Company.
f. There were no charges except charge over Fixed deposit against
overdraft or satisfaction of charges, yet to be registered with
Registrar of Companies beyond the statutory period, as at year
end, so no additional disclosure is required in this respect.
g. The company has not advanced or loaned or invested funds
As per our report of even date attached.
For, Sanjay Mehta and Associates For and on behalf of the Board of
Chartered Accountants Directors of Syncom Formulations
FRN-011524C (India) Limited
Kedarmal Bankda Ankit Bankda
Manish Mittal Chairman CFO
M.No-079452 DIN-00023050
Partner Vijay Bankda CS Vaishali Agrawal
Date:19-05-2025 Managing Director Company Secretary
Place: Indore DIN- 00023027 M.N. A51833
UDIN: 25079452BMIGUF7683
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