a Provisions:
Provisions and liabilities are recognized in the period when it becomes probable that there will be a
future outflow of funds resulting from past operations or events and the amount of cash outflow can be
reliably estimated. The timing of recognition and quantification of the liability requires the application of
judgements to existing facts and circumstances, which can be subject to change. The carrying amount
of provisions and liabilities are reviewed regularly and revised to take account of changing facts and
circumstances.
b Current versus non-current classification:
All the assets and liabilities have been classified as current or non-current as per the company’s normal
operating cycle of twelve months and other criteria set out in Schedule III to the Companies Act, 2013.
c Impairment of financial assets:
The impairment provisions for financial assets are based on assumptions about risk of default and
expected cash loss rates. The Company uses judgement in making these assumptions and selecting the
inputs to the impairment calculation, based on Company’s past history, existing market conditions as well
as forward looking estimates at the end of each reporting period.
d Impairment of non-financial assets:
The impairment provisions for financial assets are based on assumptions about risk of default and
expected cash loss rates. The Company uses judgement in making these assumptions and selecting
the inputs to the impairment calculation, based on Company’s past history, existing market conditions
as well as forward looking estimates at the end of each reporting period. The impairment provision for
of non-financial assets company estimates asset’s recoverable amount, which is higher of an asset’s or
Cash Generating Units (CGU’s) fair value less costs of disposal and its value in use. In assessing value
in use, the estimated future cash flows are discounted to their present value using pre-tax discount rate
that reflects current market assessments of the time value of money and the risks specific to the asset. In
determining fair value less costs of disposal, recent market transactions are taken into account, if no such
transactions can be identified, an appropriate evaluation model is used.
e Recognition of Deferred Tax Assets and Liabilities:Impairment of non-financial assets:
Deferred tax assets and liabilities are recognised for deductible temporary differences and unused tax
losses for which there is probability of utilisation against the future taxable profit. The Company uses
judgement to determine the amount of deferred tax that can be recognised, based upon the likely timing
and the level of future taxable profits and business developments.
f Recent pronouncements:
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
31st March, 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.
21 Leases
The Company has not entered into any significant lease aggrement during the year
22 Contingent liabilities & Capital Commitments:NIL
23 Forward contracts outstanding as at the Balance Sheet date
There are no forward contracts outstanding as at balance sheet date.
24 The liability for encashment of Gratuity and earned leave has been provided as per actual entitlements.
Hence the company has not provided for the employees liability as required by Ind AS-19 revised 2005
“Employees Benefits”.
25 Details of foreign Exchange Earning and Outgo: NIL
26 Corporate Social Responsibility (CSR)
The company is not liable to incur any expenditure under the CSR guidelines notified by The Ministry of
Company Affairs.
27 Earnings per share
Basic and Diluted earnings per share
The following reflects the income and share data used in the Basic and Diluted EPS computation:
30.2 Fair value hierarchy
The different levels of fair value have been defined below:
Level 1: Quoted prices for identical instruments in an active market;
Level 2: Directly (i.e. as prices) or indirectly (i.e. derived from prices) observable market inputs, other than Level
1 inputs; and
Level 3: Inputs which are not based on observable market data (unobservable inputs). Fair values are
determined in whole or in part using a net asset value or in part using a net asset value or valuation model
based on assumptions that are neither supported by prices from observable current market transaction in the
same instrument nor are they based on available market data.
Valuation process and technique used to determine fair values
(i) The fair value of investments in shares is based on last traded price on stock exchange as at reporting date.
Fair value of financial assets & liabilities measured at amortised cost
The fair values of loans are not materially different from the amortised cost thereof. Further, the management
assessed that fair values of cash and cash equivalents, Loans and oher current financial liabilities approximate
their respective carrying amounts largely due to the short-term maturities of these instruments. The fair value
of the financial assets and liabilities is included at the amount at which the instrument could be exchanged in a
current transaction between willing parties, other than in a forced or liquidation sale.
31 Financial instruments and risk management
31.1 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 holders of the company. The primary objective of the
company’s capital management is to maximise the shareholder value and to safeguard the companies ability
to remain as a going concern.
The company manages its capital structure and makes adjustments to it, in light of changes in economic
conditions and the requirements of the financial covenants. The current capital structure of the company is
equity based with no financing through borrowings. The company is not subject any externally imposed capital
requirement.
No changes were made in the objectives, policies or processes during the year ended 31st March, 2025 and
31st March, 2024 respectively.
31.2 Financial Risk Management- Objectives And Policies
Due to insignificant business operations the company does not possess any market risk.
31.3 Credit Risk
Credit risk is the risk that counterparty will not meet its obligations under a financial instrument or customer
contract, leading to a financial loss. The Company is exposed to credit risk primarily from trade receivables,
cash and cash equivalents, and financial assets measured at amortised cost.
A Cash and cash equivalents and bank deposits
Credit risk related to cash and cash equivalents and bank deposits is managed by only accepting highly rated
banks and diversifying bank deposits and accounts in different banks across the country.
B Other financial assets measured at amortised cost
Other financial assets measured at amortised cost includes loans and advances, security deposits and others.
Credit risk related to these other financial assets is managed by monitoring the recoverability of such amounts
continuously and is based on the credit worthiness of those parties.
31.4 Liquidity risk is the risk that the company will not be able to meet its financial obligation as they fall due. Liquidity
risk arises because of the possibility that the company could be required to pay its liabilities earlier than
expected. Liquidity risk is managed by monitoring on a regular basis that sufficient funds are available to meet
any future commitments. The company manages its liquidity risk by maintaining sufficient bank balance .
As on 31st March, 2025, the company’s financial liabilities of ' 148.55 Thousand (31st March, 2024'66.32
Thousand) are all current and due in the next financial year.
34 Income Tax & Deferred Tax:
Due to revaluation income as per IND AS (which is not chargeable under the Income Tax Act), no provision for Income tax
has been made. Deferred Tax Assets arising out of significant timing differences between the books of Account and Income
Tax has not been recognised as a matter of prudence.
35 Additional regulatory information required by Schedule III of Companies Act,2013
35.1 Details of Benami property:
No proceeding have been initiated or are pending against the Company for holding any Benami property under the Benami
Transaction (Prohibition) Act,1988 (45 of 1988) and the rules made thereunder.
35.2 Utilisation of borrowed funds and share premium:
(a) 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:
i) directly or indirectly lend or invest in other person 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 or on behalf of the ultimate beneficiaries.
(b) 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:
i) directly or indirectly lend or invest in other person 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 or on behalf of the ultimate beneficiaries.
35.3 Compliance with number of layers of companies:
The Company has complied with the number of layers prescribed under the Companies Act,2013.
35.4 Compliance with approved scheme (s) of arrangements:
The Company has not entered into any scheme or arrangement which has an accounting impact on current or previous year.
35.5 Undisclosed income:
There is no income surrendered or disclosed as income during the current or previous year in the tax assessments under
the Income Tax Act, 1961, that has not been recorded in the books of account.
35.6 Details of crypto currency or virtual currency:
The Company has not traded or invested in crypto currency or virtual currency during the current or previous year.
35.7 Valuation of Property, Plant and Equipment:
The Company has not revalued its property, plant and equipment (including right-of-use-assets) during the current or
previous year.
35.8 Willful Defaulter:
The Company is not declared as willful defaulter by any bank or financial institution (as defined under the Companies Act,
2013) or consortium thereof or other lender in accordance with the guidelines on willful defaulters issued by the Reserve
Bank of India.
35.9 Details of Transaction with Struck of Companies:
There are no Transactions with Struck of Companies during the Current and Previous Year.
36 The previous year figures have been regrouped/ reclassified, wherever necessary to confirm to the current year presentation.
SIGNATORIES TO SCHEDULES “1 TO 36”
As per our report of even date attached For and on behalf of the Board of Directors
For and on behalf of
For B L Dasharda & Associates Sd/- Sd/-
Chartered Accountants MANISH SHAH ULKA SHAH
Firm No.112615W MANAGING DIRECTOR DIRECTOR
DIN:-00434171 DIN:-00434277
Sd/-
Sushant Mehta
Partner
Sd/- Sd/-
NANDLAL KUMAR RAZIA MUJAWAR
CHIEF FINANCIAL OFFICER COMPANY SECRETARY
M.No. 112489
PLACE : MUMBAI PLACE : MUMBAI
DATED : 30th May, 2025 DATED : 30th May, 2025
UDIN : 25112489BMIUYV4919
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