32 RECLASSIFICATION
Previous year's figures have been regrouped reclassified wherever necessary to correspond with the current year's classification/ disclosures
33 SEGMENT REPORTING
The Company is predominantly engaged in Real Estate. The Company is operating in India hence there is no repot table geographic segment. Accordingly no disclosure is required undet Indian Accounting Standard 108
34 (A) FINANCIAL RISK MANAGEMENT
The Company's financial liabilities comprise mainly of borrowings, trade payables and other payables. The Company's financial assets comprise mainly of investments, cash and cash equivalents,
balances with banks loans, trade receivables and other receivables. The Company is therefore exposed to Market risk, credit risk, Liquidity risk.
The following disclosures summarize the Company's exposure to financial risks and information regarding measures to manage exposure to such risks.
1) Market Risk
Market risk is the risk that the fair value of future cash Hows of a financial instrument will fluctuate because of changes in market interest rates. Market risks comprises three types : interest rate risk
currency and other price risk. Financial instruments affected by market risk includes borrowings, investments, trade payables, trade receivables, loans.
a) Interest rate risk •
Interest rate is the risk that the fair value or future cash flows of a financial instrument will fluctutate because of changes in market interest rates,
h) Other price Risk
Other price risk is the risk that the fair value of a financial instrument will fluctutate due to changes in market traded price. Other price risk arises from financial assets such as investments in equity
instruments. The company is exposed to price risk arising mainly front investments in equity instruments recognized at FVTOCI. As at 31st Mar 2025, the carrying value of such investments is
Rs 1,91,53,303/- ( Previous year Rs 1,93,95,303/- as at 31 03.2024). The details of such investment in equity instruments are given in Schedule 5.
3) Liquidity Risk
Liquidity risk is the risk that the Company will encounter difficulty in raising funds to meet commitments associated with financial instruments that are settled by delivering cash or another financial
instruments Liquidity risk may result from an inability to sell a financial asset quickly at close to its fair value
The table below analysis financial liabilities of the Company into relevant maturity groupings based on the remaning period from the reposrting date to the contractual maturity date. The amounts
disclosed in the arc contractual undiscounted cash fows
34 (B) CAPITAL MANAGEMENT
For the purpose of the Company's Capital Management, capital includes issued capiatl and all other equity reserves attributable to equity shareholders of the Company. The primary objective
of the Company when managing capital is to safeguard its ability to continue as a going concern and to maintain an optimal capital structure so as to maximize shareholder value.
35 PROVISION OF INTEREST
During the F.Y. 2024-25, Term Loan interest has been provided amounting to Rs. NIL.
Additional Interest on Loan from other companies has been provided amounting to Rs. NIL for the F.Y. 2023-24
36 GOING CONCERN
The Company has been admitted in National Company Law Tribunal (NCLT) on 11th March 2024 Order no. C.P (IB) 314/MB/2023, as per the order the company is under
Corporate Insolvency Resolution process (CIRP) with Resolution professional namely “Mr. Ashok Kumar Goiechha " having IP registration No.IRBI/IPA-G2/IP-N000932/2019-2020/12973
and the management of the affairs of the Corporate Debtor (Vas Infrastructure Limited) vests with the Resolution Professional. Pursuant to this Order, the Resolution Professional is carrying
out the Compliances for the year ended 31st March. 2025.
As per the code, it is required that the company the managed as a “going concern" during the CIRP. The future process of the company would be determine on the completion of CIRP.
In view of these facts the financial statements have been prepared on “going concern basis".
c) The Company have 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 .
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 provide any guarantee, security or
the like to or on behalf of the Ultimate Beneficiaries
f) flie Company have not received any fund from any person(s) or entity(ies), including foreign entities (!-unding Party) with the understanding (whether recorded in writing or otherwise) that the
Company shall
i) ditcctly or indirectly lend or invest in other persons or entities identified in any manner whatsoever by or on behalf of the Funding Patty (Ultimate Beneficiaries) or
ii) provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries
g) The Company have 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 assements under the Income Tax Act, I%l (such as, search or survey or any other relevant provisions of the Income Tax Act, 1961)
It) The Company has complied with the number of layers prescribed under clause (87) of section 2 of the Act read with the Companies (Restriction on number of Layers) Rules, 2017
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