(xiii) Provisions, Contingent Liabilities and
Contingent Assets
General
Provisions are recognized when the Company
has a present obligation (legal or constructive)
as a result of a past event, it is probable that
an outflow of resources embodying economic
benefits will be required to settle the obligation
and a reliable estimate can be made of the amount
of the obligation.If the effect of the time value
of money is material, provisions are discounted
using a current pre-tax rate that reflects, when
appropriate, the risks specific to the liability. When
discounting is used, the increase in the provision
due to the passage of time is recognized as a
finance cost.
Warranty Provisions
Provisions for warranty-related costs are recognized
when the goods are sold to the customer. Initial
recognition is based on historical experience. The
initial estimate of warranty-related costs is revised
annually.
(xiv) Leases
When a contract begins, the company determines
if it constitutes a lease. A lease exists if it grants
control over an identified asset for a period,
with consideration exchanged. If there are both
lease and non-lease components, payments are
allocated accordingly, and lease accounting is
applied only to lease components.
At the lease's start, the company recognizes a
right-of-use asset and lease liability. This includes
the lease liability's present value of future
payments, initial direct costs, and lease payments
made. The right-of-use asset is depreciated unless
ownership or lease renewal is probable, over the
shorter of its useful life or lease term.
The lease liability's initial measurement includes
fixed payments and variable payments dependent
on an index or rate, less any incentives received.
If the interest rate implicit in the lease isn't
determinable, the company uses its incremental
borrowing rate.
The lease term includes extensions the company
is likely to exercise but excludes uncertain early
termination options. Variable lease payments
without an index or rate dependency are expensed
as incurred. Guaranteed minimum payments are
treated as fixed and included in the lease liability
calculation.
The lease liability is adjusted for interest accrual
and reduced for payments made. It's also re¬
measured for modifications, changes in lease
terms, 'in-substance fixed' payments, or alterations
in relevant indexes or rates.
The company chooses not to apply this accounting
model to leases of low-value assets or those lasting
less than 12 months.
(xv) Income Tax
a) Current Tax
Current tax assets and liabilities are measured
at the amount expected to be recovered
from or paid to the taxation authorities
on the taxable income of the year. The tax
rates and tax laws used for computation of
current tax includes those that are enacted or
substantively enacted, at the reporting date
in the countries where the company operates
and generates taxable income.
Current tax is recognized in the statement of
profit and loss except to the extent it relates
to an item recognized directly in equity.
Management periodically evaluates positions
taken in the tax returns with respect to
situations in which applicable tax regulations
are subject to interpretation and establishes
provisions where appropriate.
Current tax assets and current tax liabilities
are offset when there is a legally enforceable
right to set off the recognized amounts and
there is an intention to settle the asset and the
liability on a net basis.
b) Deferred Tax
Deferred tax is recognized on temporary
differences between the carrying amounts
of assets and a liability in the financial
statements and the corresponding tax base
used in the computation of taxable profit
and is accounted for using the balance
sheet method. Deferred tax liabilities are
generally recognized for all taxable temporary
differences. Deferred tax assets are generally
recognized for all deductible temporary
differences to the extent that it is probable
that taxable profits will be available against
which those deductible temporary differences
can be utilized. Such deferred tax assets and
liabilities are not recognized if the temporary
difference arises from goodwill or from the
initial recognition (other than a business
combination) of assets and liabilities in a
transaction that affects neither the taxable
profit nor the accounting profit.
The carrying amount of deferred tax assets is
reviewed at the end of each reporting period
and reduced to the extent that it is no longer
probable that sufficient taxable profits will be
available to allow all or part of the asset to be
recovered.
Deferred tax liabilities and assets are measured
at the tax rates that are expected to apply in
the period in which the liability is settled or
the asset realized, based on tax rates (and tax
laws) that have been enacted or substantively
enacted by the end of the reporting period.
The measurement of deferred tax liabilities
and assets reflects the tax consequences that
would follow from the manner in which the
company expects, at the end of the reporting
period, to recover or settle the carrying
amount of its assets and liabilities.
Deferred tax assets and liabilities are offset
when there is a legally enforceable right to
set off current tax assets against current tax
liabilities and when they relate to income
taxes levied by the same taxation authority
and the company intends to settle its current
tax assets and liabilities on a net basis.
Current and deferred tax are recognized in the
Statement of profit and loss, except when they
relate to items credited or debited directly to
equity, in which case the tax is also recognized
directly in equity. Deferred tax relating to items
recognized outside profit or loss is recognized
outside profit or loss. Deferred tax items are
recognized in correlation to the underlying
transaction either in OCI or directly in equity.
(xvi) Earnings Per Share
Basic earnings per share is computed by dividing
the profit / (loss) after tax (including the post¬
tax effect of extraordinary items, if any) by the
weighted average number of equity shares
outstanding during the year.
Diluted earnings per share is computed by
dividingthe profit / (loss) after tax (including the
post-tax effect of extraordinary items, if any) as
adjusted for dividend, interest and other charges
to expense or income (net of any attributable
taxes) relating to the dilutive potential equity
shares, by the weighted average number of equity
shares considered for deriving basic 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.
(xvii) Inventories
Inventories are valued at the lower of cost
(computed on a Weighted Average basis) or
net realizable value. Cost includes the cost of
purchase including duties and taxes (other than
those refundable), inward freight, and other
expenditure directly attributable to the purchase.
Trade discounts, rebates and benefits are
deducted in determining the cost of purchase. Net
realizable value represents the estimated selling
price for the inventories less all estimated costs of
completion and costs necessary to make the sale.
Finished goods and Work in Progress include cost
of conversion and other costs incurred in bringing
the inventories to their present location and
condition.
(xviii) Cash and cash equivalents (for the purpose of
cash flow statement)
Cash comprises cash on hand and demand
deposits with banks. Cash equivalents are short¬
term balances (with an original maturity of three
months or less from the date of acquisition), highly
liquid investments that are readily convertible into
known amounts of cash and which are subject to
insignificant risk of changes in value.
Cash flows are reported using the indirect method,
whereby profit/ (loss) before tax is adjusted for the
effects of transactions of no cash nature and any
deferrals or accruals of past or future cash receipts
or payments. Cash flow for the year is classified by
operating, investing and financing activities.
(xix) Recent pronouncements
(i) New and amended standards adopted by
the Company:
i. Ind AS 1 - Implementation of Amendments
to Ind AS 1 - Classification of Liabilities
The Company has adopted amendments to
Ind AS 1 relating to classification of liabilities
as current or non-current. Classification is
based on the existence of a substantive right
to defer settlement for at least twelve months
as at the reporting date.
Only covenants required to be complied
with on or before the reporting date affect
classification; covenants applicable after
the reporting date require disclosure only. A
liability may continue to be classified as non¬
current where a waiver for breach of covenant
is obtained after the reporting date but before
approval of the financial statements, subject
to the conditions of the amendment.
Conversion options are considered only where
they are not classified as equity in accordance
with Ind AS 32
ii. Ind AS 12 - Income Taxes (International Tax
Reform - Pillar Two)
The Company has applied the mandatory
temporary exception from recognition and
disclosure of deferred tax assets and liabilities
arising from the Pillar Two model rules
introduced through amendments to Ind AS
12. The Company has assessed its exposure to
Pillar Two income taxes and does not expect
a material impact on its financial statements.
The Company has complied with the disclosure
requirements, to the extent applicable.
iii. Ind AS 7 - Supplier Finance Arrangements
The amendments require disclosures to
enhance transparency of supplier finance
arrangements and their effects on an entity's
liabilities, cash flows and exposure to liquidity
risk. The Company does not have any supplier
finance arrangements during the year.
The Company has provided the required
disclosures in Note 19 regarding its supplier
finance arrangements, including their terms,
carrying amounts of related liabilities, cash
flow effects and exposure to liquidity risk.
iv. Ind AS 21 - Lack of Exchangeability
The amendments provide guidance on
assessing when a currency is exchangeable
into another currency and on determining
the exchange rate when exchangeability is
lacking. The Company has evaluated the
impact of these amendments and concluded
that they do not have a material impact on its
financial statements.
Overall impact:
The adoption of the above amendments did
not have a material impact on the Company's
financial statements for the current or prior
periods.
(ii) New Standards/Amendments notified but
not yet effective
The Ministry of Corporate Affairs (MCA),
vide notification dated 13 August 2025,
has issued amendments to Ind AS 1 -
Presentation of Financial Statements, relating
to the classification of liabilities as current
or non-current. The amendments clarify that
classification is based on rights that exist at
the end of the reporting period, and that
only covenants required to be complied with
on or before the reporting date affect such
classification.
These amendments are applicable for annual
reporting periods beginning on or after 1
April 2026.
The Company has performed a preliminary
assessment of its loan arrangements and
does not expect these amendments to have
a material impact on the classification of its
financial liabilities.
2.1 Critical Judgments In Applying Accounting Policies
& Key Sources of Estimation Uncertainty:
The preparation of the company's financial statements
requires management to make judgments, estimates
and assumptions that affect the reported amounts
of revenues, expenses, assets and liabilities, and
the accompanying disclosures, and the disclosure
of contingent liabilities. Uncertainty about these
assumptions and estimates could result in outcomes
that require a material adjustment to the carrying
number of assets or liabilities affected in future
periods.
Critical Judgements in Applying Accounting Policies:
(i) Lease classification:
The Company evaluates if an arrangement qualifies
to be a lease as per the requirements of Ind AS
116. Identification of a lease requires significant
judgment. The Company uses significant
judgement in assessing the lease term (including
anticipated renewals) and the applicable discount
rate. Ind AS 116 requires lessees to determine the
lease term as the non-cancellable period of a lease
adjusted with any option to extend or terminate
the lease, if the use of such option is reasonably
certain. The Company makes an assessment on
the expected lease term on a lease-by-lease basis
and thereby assesses whether it is reasonably
certain that any options to extend or terminate
the contract will be exercised. In evaluating
the lease term, the Company considers factors
such as any significant leasehold improvements
undertaken over the lease term, costs relating to
the termination of the lease and the importance
of the underlying asset to Company's operations
taking into account the location of the underlying
asset and the availability of suitable alternatives.
The Company revises the lease term if there is a
change in the non-cancellable period of a lease.
The discount rate is generally based on the
incremental borrowing rate specific to the lease
being evaluated or for a portfolio of leases with
similar characteristics
(ii) Impairment of Investments in Subsidiaries:
Determining whether the investments in
subsidiaries are impaired requires an estimate of
the value in use of investments. In considering
the value in use, the management estimates the
future cash flows, operating margins, growth
rates, discount rates of the underlying business/
operations of the subsidiaries to determine the
value using the discounted cash flow model.
Estimates and Assumptions
The key assumptions concerning the future and other
key sources of estimation uncertainty at the reporting
date, that have a significant risk of causing a material
adjustment to the carrying amounts of assets and
liabilities within the next financial year, are described
below.
The Company based its assumptions and estimates on
parameters available when the financial statements
were prepared. Existing circumstances and assumptions
about future developments, however, may change due
to market changes or circumstances arising that are
beyond the control of the Company. Such changes are
reflected in the assumptions when they occur.
(i) Useful life of Property, Plant & Equipment (PPE)
The Company reviews the estimated useful lives of
PPE at the end of each reporting period.
(ii) Defined benefit plans, Defined Benefit Obligations
(DBO) Management's estimate of the DBO is based
on a number of critical underlying assumptions
such as standard rates of inflation, medical cost
trends, mortality, discount rate and anticipation
of future salary increases. Variation in these
assumptions may significantly impact the DBO
amount and the annual defined benefit expenses.
Note:
(i) The write down / (write back) of Inventories to its Net Realisable Value for the year amounts to ' (8.38) Crores (Previous
year : ' 19.32 Crores).
(ii) Mode of Valuation: Inventories are valued at lower of cost, computed on a weighted average basis and estimated net
realisable value, after providing for cost of obsolescence and other anticipated losses, wherever considered necessary.
Finished Goods and Work in progress include cost of conversion and other costs incurred in bringing the inventories to
their present location and condition.
(iii) Stock in transit represents ' 6.57 Crores (Previous year : ' 6.83 Crores) of Traded Goods, ' 4.23 Crores (Previous year :
' 2.47 Crores) of Finished Goods and ' 10.12 Crores (Previous year : ' 13.83 Crores) of Raw Materials
(iv) All Inventories are pledged with Banks as collateral towards Working Capital facilities sanctioned. Refer Note 39(b)
Refer Note 42 for Trade Payable ageing schedule
Note:
The Company has trade payables balance, which are part of supplier finance arrangements, ' 28.52 Crores
(March 31, 2025'71.57 Crores). The key terms and conditions of the arrangement are:
a. The Supplier decides which invoices will be financed.
b. The financier pays the supplier before the due date of the invoice.
c. The Company pays the financier on the due date of the invoice.
d. The financing terms are negotiated by the Company, however all the interest and other charges of the Financier are paid
by the Supplier from the date of payment by the Financier.
Further, the Company has not provided comparative information in respect of the amendments to Ind AS 7 and Ind AS
107 relating to supplier finance arrangements, as it has applied the transitional relief available on initial adoption of these
amendments, which allows entities not to present comparative disclosures for prior periods.
27b On November 21, 2025, the Government of India notified the four Labour Codes, consolidating 29 existing labour
laws, and the Ministry of Labour & Employment subsequently issued Central Rules and FAQs. Based on the information
available and in line with the guidance issued by the Institute of Chartered Accountants of India, the Company has
assessed the incremental impact arising from the change in the definition of wages and, considering it's material,
regulatory-driven and non-recurring nature, has presented the same as Exceptional items in the Financial Statement
for the year ended March 31, 2026.The incremental impact of ' 9.61 Crores towards gratuity liability, '6.24 Crores
towards long term compensated absences liability and ' 1.09 Crores towards PF liability for the Company. The Company
continues to monitor the developments pertaining to Labour Codes and will evaluate impact if any on the measurement
of liability pertaining to employee benefits including that of contract workforce.
Note:
All amounts mentioned above are excluding GST.
The sales to and purchases from related parties are made on terms equivalent to those that prevail in arm's length transactions.
Outstanding balances at the year-end are unsecured and interest free and settlement occurs in cash. There have been no
guarantees provided or received for any related party receivables or payables except for guarantees given on behalf of the
subsidiary details of which is provided in Note 34(b). For the year ended 31 March 2026, the Company has not recorded any
impairment of receivables relating to amounts owed by related parties (March 31, 2025 : ' Nil).
This assessment is undertaken each financial year through examining the financial position of the related party and the market
in which the related party operates.
The amounts disclosed in the table are the amounts recognized as an expense during the reporting period related to key
management personnel.
37. Segment information- Disclosure pursuant to Ind AS 108 'Operating Segment'
(a) Basis of identifying operating segments:
The company operates under one segment of Kitchen & Home appliances. Hence, Segment reporting is not
applicable.
Information about major customers: Company's significant revenues (more than 5%) are derived from sales to
two customers (PY: three customers). The total sales to such Customers amounted to '396.46 crores in 2025-26 and
'485.17 crores in 2024-25. No single customer contributed 10% or more to the company's revenue for 2025-26 and
2024-25.
*Revenues by geographical area are based on the geographical location of the customers.
**Non-current assets excludes Investments
38 Disclosures on financial instruments
This section gives an overview of the significance of financial instruments for the Company and provides additional
information on balance sheet items that contain financial instruments.
The details of significant accounting policies, including the criteria for recognition, the basis of measurement and the
basis on which income and expenses are recognised in respect of each class of financial asset, financial liability and
equity instrument are disclosed in note 2, to the financial statements.
(a) Financial Assets and Liabilities
The following table presents the carrying value and fair value of each category of financial assets and liabilities as at
March 31, 2026 and March 31, 2025 excluding investment in subsidiaries which are valued at cost.
(b) Fair Value Hierarchy
An analysis of financial instruments (as indicated in the table above) that are measured subsequent to initial
recognition at fair value, grouped into Level 1 to Level 3, are as described below:
Quoted prices in an active market (Level 1): This level of hierarchy includes financial assets that are measured by
reference to quoted prices (unadjusted) in active markets for identical assets or liabilities. This category consists of
investment in quoted equity shares, and mutual fund investments.
Valuation techniques with observable inputs (Level 2): This level of hierarchy includes financial assets and
liabilities, measured using inputs other than quoted prices included within Level 1 that are observable for the asset
or liability, either directly (i.e., as prices) or indirectly (i.e., derived from prices).
Valuation techniques with significant unobservable inputs (Level 3): This level of hierarchy includes financial
assets and liabilities measured using inputs that are not based on observable market data (unobservable inputs). Fair
values are determined in whole or in part, using a valuation model based on assumptions that are neither supported
by prices from observable current market transactions in the same instrument nor are they based on available
market data.
(i) Borrowings, loans, short-term financial assets and liabilities are stated at carrying value which is approximately
equal to their fair value.
(ii) Management uses its best judgement in estimating the fair value of its financial instruments. As such, fair value
of financial instruments subsequent to the reporting dates may be different from the amounts reported at each
reporting date.
39 Financial Risk Management Objectives and Policies
The Company is exposed primarily to fluctuations in credit, liquidity and interest rate risks and foreign currency exchange
rates, which may adversely impact the fair value of its financial instruments. The company has a risk management
policy which covers risks associated with the financial assets and liabilities. The risk management policy is approved by
the Board of Directors. The focus of the risk management committee is to assess the unpredictability of the financial
environment and to mitigate potential adverse effects on the financial performance of the company.
Market Risk
Market risk is the risk that the fair value or future cash flows of a financial instrument will fluctuate because of changes
in market prices. Such changes in the values of financial instruments may result from changes in the foreign currency
exchange rates, interest rates, credit, liquidity and other market changes. The Company's exposure to market risk is
primarily on account of foreign currency exchange rate risk.
Price Risk
The Company's listed and non-listed equity securities are susceptible to market price risk arising from uncertainties
about future values of the investment securities. However, the Company's investments in listed and unlisted equity
securities are not significant.
Interest Rate Risk:
The company's investments are primary in short term investments which do not expose it to significant interest rate risk.
Foreign Currency Risk
The fluctuation in foreign currency exchange rates may have potential impact on the statement of profit or loss and
other comprehensive income and equity, where any transaction references more than one currency or where assets /
liabilities are denominated in a currency other than the functional currency of the respective entities. Considering the
countries and economic environment in which the company operates, its operations are subject to risks arising from
fluctuations in exchange rates in those countries. The risks primarily relate to fluctuations in US Dollars against the
functional currency of the company.
The Company evaluates the impact of foreign exchange rate fluctuations by assessing its exposure to exchange rate
risks.
Foreign Currency Sensitivity Analysis
The Company is principally exposed to foreign currency risk against USD. Sensitivity of profit or loss arises mainly from
USD denominated receivables and payables.
As per management's assessment of reasonable possible changes in the exchange rate of /- 5% between USD-INR
currency pair and EURO-INR currency pair sensitivity of profit or loss only on outstanding foreign currency denominated
monetary items at the period end is presented below:
(a) Credit Risk
Credit risk is the risk of financial loss arising from counterparty failure to repay or service debt according to
the contractual terms or obligations. Credit risk encompasses of both, the direct risk of default and the risk of
deterioration of creditworthiness as well as concentration of risks.
Financial instruments that are subject to concentrations of credit risk principally consist of investments, trade
receivables, cash and cash equivalents, bank deposits and other financial assets. None of the other financial
instruments of the Company results in material concentration of credit risk.
The carrying amount of financial assets represents the maximum credit exposure. The maximum exposure to credit
risk was '1126.81 Crores and '1081.51 Crores as of March 31, 2026 and March 31, 2025 respectively, being the
total of the carrying amount of balances with banks, bank deposits, and Trade receivables, other financial assets and
investments excluding equity and preference investments. The Company's exposure to customers is diversified and
there is no customer who contributes to more than 10% of outstanding accounts receivable as of March 31, 2026
(one customer as of March 31, 2025).
Financial Assets that are neither past due nor impaired
Cash and cash equivalents, financial assets carried at fair value and interest-bearing deposits with corporate are
neither past due nor impaired. Cash and cash equivalents with banks and interest-bearing deposits placed with
corporates, have high credit rating assigned by international and domestic credit-rating agencies. Financial assets
carried at fair value substantially include investment in liquid mutual fund units. With respect to trade receivables
and other financial assets that are past due but not impaired, there were no indications as of March 31, 2026, that
defaults in payment obligations will occur except as described in note 10 on allowances for impairment of trade
receivables.
The Company does not hold any collateral for trade receivables and other financial assets. Trade receivables and
other financial assets that are neither past due nor impaired relate to new and existing customers and counter
parties with no significant defaults in past.
Trade Receivables
Customer credit risk is managed by each business unit subject to the company's established policy, procedures and
control relating to customer credit risk management. Credit quality of a customer is assessed based on an extensive
credit rating scorecard and individual credit limits are defined in accordance with this assessment. Outstanding
customer receivables are regularly monitored and any shipments to major customers are generally covered by letters
of credit or other forms of credit insurance.
An impairment analysis is performed at each reporting date on an individual basis for major clients. In addition, a
large number of minor receivables are grouped into homogenous groups and assessed for impairment collectively.
The calculation is based on historical data. The maximum exposure to credit risk at the reporting date is the carrying
value of each class of financial assets disclosed above under Credit risk. The Company does not hold collateral as
security. The Company evaluates the concentration of risk with respect to trade receivables as low, as its customers
are located in several jurisdictions and operate in largely independent markets.
At March 31, 2026, the Company had 3 Customers (March 31, 2025: 2 customers) that owed the Company more
than 5% of the Total receivables, which accounted for approximately 20.99% (March 31, 2025: 16.71%) of all the
receivables outstanding.
Financial Instruments and Cash Deposits
Credit risk from balances with banks and financial institutions is managed by the Company's treasury department in
accordance with the company's policy. The cash surpluses of the company are short term in nature and are invested
in Liquid Debt Mutual funds and bonds. Hence, the assessed credit risk is low."
(b) Liquidity Risk
Liquidity risk refers to the risk that the Company cannot meet its financial obligations. The objective of liquidity risk
management is to maintain sufficient liquidity and ensure that funds are available for use as per requirements. The
Company invests its surplus funds in bank fixed deposit, which carry no or low market risk.
The Company monitors its risk of shortage of funds on a regular basis.
The Company has access to committed credit facilities as described below, of which the funded limit were unused at
the end of the current and comparable reporting periods. The Company expects to meet its other obligations from
operating cash flows and proceeds of maturing financial assets.
Fund Base Limit: ' 56.50 Crores (PY ' 56.50 Crores) Non-Fund Base Limit: ' 53.75 Crores (PY ' 53.75 Crores)
Securities offered:
(a) Hypothecation of entire stocks of Raw materials, WIP, Finished goods, Stores & Spares, Book-debts.
(b) Hypothecation / mortgage of Fixed Assets (Ref Note -3)
(i) Forward Contract
Foreign exchange forward contracts are purchased to mitigate the risk of changes in foreign exchange rates
associated with certain payables denominated in certain foreign currencies. The details of outstanding forward
contracts as at March 31,2026 and March 31, 2025 are given above.
It is the policy of the Company to enter into forward exchange contracts to cover specific foreign currency
payments (100% of the exposure).
The Company recognized a net Gain (Loss) on the forward contracts of '(0.04) Crores for the year ended
March 31,2026 (Previous year Net Gain of '0.00 Crores).
All open forward exchange contracts mature within three months from the balance sheet date.
(ii) Cross Currency Swap: None
(iii) Interest rate swap: None
Capital management
For the purpose of the Company's capital management, capital includes issued equity capital, share premium and
all other equity reserves attributable to the equity shareholders of the Company. The primary objective of the
Company's capital management is to maximise the shareholder value. In order to maintain or adjust the capital
structure, the Company may adjust the dividend payment to shareholders, return capital to shareholders or issue
new shares. As at March 31, 2026, the Company has no debt, therefore, there are no externally imposed capital
requirements.
40 Share-based Payment Arrangements
A. Description of Share-based Payment Arrangements
At March 31, 2026, the Company had the following share-based payment arrangements:
Share option plans (equity-settled)
The company has granted time linked and performance linked grants as on September 13, 2023, April 25, 2024,
April 22, 2025 and February 16, 2026 with different vesting options.
Time linked grants: Time linked Grants to be granted annually, subject to the Performance and linked to balanced score
card.
Performance Linked grants: Performance linked grants to be granted after the end of each Performance Year based on
parameters linked to Company's Performance.
50 Events After The Reporting Date
Directors have not paid any interim dividend (Previous Year : Nil), The directors recommend a final dividend of '7.50
(Per Share) which entails an outlay of '102.71 Crores (Previous Year: '82.17 Crores). The total dividend for FY 2025-26 is
' 7.50 Per share (Previous Year : '6 per Share).
51 Additional disclosures
Additional information and disclosures as required under Schedule III to the act to the extent applicable to the company
has been disclosed.
(i) The Company does not have any Benami property, where any proceeding has been initiated or pending against the
Company for holding any Benami property.
(ii) The Company does not have any transactions with companies struck off.
(iii) The Company does not have any charges or satisfaction which is yet to be registered with Registrar of Companies
beyond the statutory period.
(iv) The Company has not traded or invested in Crypto currency or Virtual Currency during the year ended March 31,
2026.
(v) The Company has not advanced or loaned or invested funds to any other person(s) or entity(ies), including
foreign entities (Intermediaries) with the understanding that the Intermediary shall:
(a) 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
(b) provide any guarantee, security or the like to or on behalf of the Ultimate Beneficiaries.
(vi) The Company has not received any fund from any person(s) or entity(ies), including foreign entities (Funding
Party) with the understanding (whether recorded in writing or otherwise) that the Company shall:
(a) directly or indirectly lend or invest in other persons or entities identified in any manner whatsoever by or on
behalf of the Funding Party (Ultimate Beneficiaries) or
(b) provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries.
(vii) The Company has no such transaction which is not recorded in the books of accounts that has been surrendered or
disclosed as income during the year in the tax assessments under the Income Tax Act, 1961 (such as, search or survey
or any other relevant provisions of the Income Tax Act, 1961).
(viii) The facilities from financial institutions have been used for the purposes for which it was taken at the balance sheet
date.
52 Certain Figures Apparently may not add up because of rounding off, but are wholly accurate in themselves
53 The Company has used accounting software for maintaining its books of account which has a feature of recording audit
trail (edit log) facility, and such feature was enabled and operated throughout the year for all relevant transactions
recorded in the accounting software.
Post publication of ICAI implementation guide in February 2024, direct database level changes was also included in audit
trail scope which was enabled and operated throughout the year.
The audit trail has been preserved by the Company as per the statutory requirements for record retention from the date
it was enabled.
54 The previous periods numbers have been regrouped or reclassified wherever necessary to make them comparable with
the figures of the current year.
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