NOTE : The revaluation reserve reflected in the financial statements arises from the revaluation of land located at 11/4, IT Park Rd, Parsodi, Gayatri Nagar, Pratap Nagar, Nagpur, Maharashtra 440022. This revaluation was conducted during the financial year 202223. The increase in the carrying amount of the land, as a result of this revaluation, has been credited to the revaluation reserve.
Addition in securities Premium is on account of issue of fresh equity shares during the year, and utilisation is on account of issue of Bonus shares during the year.
*Note : The amount of ?43792.77, previously classified under inventory (work in progress) in the financial year 2022-23, represents expenses incurred in the development of intangible assets. This misclassification has been rectified in the current financial year. The aforementioned amount has been reclassified and regrouped as "Intangible Assets Under Development" to accurately reflect its nature and purpose.
*Note: The amount of ^43792.77, previously classified under inventory (work in progress) in the financial year 2022-23, represents expenses incurred in the development of intangible assets. This has been reclassified and regrouped as "Intangible Assets Under Development" to reflect its nature and purpose.
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