Q. Provisions, Contingent liabilities, Contingent
assets and Commitments
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. When the company expects some or
all of a provision to be reimbursed, for example,
under an insurance contract, the reimbursement is
recognized as a separate asset, but only when the
reimbursement is virtually certain. The expense
relating to a provision is presented in the statement
of profit and loss net of any reimbursement.
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.
Contingent liability is disclosed in the case of:
1. A present obligation arising from the past
events, when it is not probable that an
outflow of resources will be required to settle
the obligation;
2. A present obligation arising from the past
events, when no reliable estimate is possible;
3. A possible obligation arising from the past
events, unless the probability of outflow of
resources is remote.
Commitments include the amount of purchase
order (net of advances) issued to parties for
completion of assets.
The company provides for the expenses to reclaim
the quarries used for mining. The total estimate
of reclamation expenses is apportioned over the
estimate of mineral reserves and a provision is
made based on the minerals extracted during the
year. Mines reclamation expenses are incurred on
an ongoing basis and until the closure of the mine.
The actual expenses may vary based on the nature
of reclamation and the estimate of reclamation
expenditure.
Provisions, contingent liabilities, contingent assets
and commitments are reviewed at each balance
sheet date.
R. Dividend
Provision is made for the amount of any dividend
declared, being appropriately authorized and no
longer at the discretion of the entity, on or before
the end of the reporting period but not distributed
at the end of the reporting period.
The Company recognizes a liability to make cash
distributions to equity holders of the Company
when the distribution is authorized, and the
distribution is no longer at the discretion of
the Company. Final dividends on shares are
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 Company's Board of Directors. The interim
dividends declared during the year are approved
by the Board of Directors.
S. Earnings per share
Basic earnings per share are calculated by
dividing the net profit for the period attributable
to equity shareholders by the weighted average
number of equity shares outstanding during
the period. Earnings considered in ascertaining
the company's earnings per share is the net
profit for the period after deducting preference
dividends and any attributable tax thereto for
the period. The weighted average number of
equity shares outstanding during the period and
for all periods presented is adjusted for events,
such as bonus shares, other than the conversion
of potential equity shares that have changed the
number of equity shares outstanding, without a
corresponding change in resources.
For the purpose of calculating diluted earnings per
share, the profit or loss for the period attributable
to equity shareholders and the weighted average
number of shares outstanding during the period
is adjusted for the effects of all dilutive potential
equity shares. Dilutive potential equity shares are
deemed converted as of the beginning of the
period, unless they have been issued at a later
date. The diluted potential equity shares have been
arrived at, assuming that the proceeds receivable
was based on shares having been issued at the
average market value of the outstanding shares.
In computing dilutive earnings per share, only
potential equity shares that are dilutive and that
would, if issued, either reduce future earnings per
share or increase loss per share, are included.
T. Use of estimates and judgements
The presentation of the financial statements is
in conformity with the Ind AS which requires the
management to make estimates, judgments and
assumptions that affect the reported amounts of
assets and liabilities, revenues and expenses and
disclosure of contingent liabilities. Such estimates
and assumptions are based on management's
evaluation of relevant facts and circumstances as
on the date of financial statements. The actual
outcome may differ from these estimates.
Estimates and underlying assumptions are
reviewed on an ongoing basis. Revisions to the
accounting estimates are recognized in the period
in which the estimates are revised and in any future
periods affected.
Information about assumptions and estimation
uncertainties that have a significant risk of resulting
in a material adjustment within the next financial
year are included in the following notes:
Note 33-Current tax
Note 38-Measurement of defined benefit
obligations
Note 41 - Fair valuation of unlisted securities
U. Statement of cash flows
Cash flow are reported using the indirect method,
whereby net profit before tax is adjusted for the
effects of transactions of a non-cash nature, any
deferrals of accruals of past or future operating
cash receipts or payments and item of income or
expenses associated with investing or financing
cash flows. The cash flows from operating,
investing and finance activities of the company are
segregated.
V. Current and non-current classification
The company presents assets and liabilities in
the balance sheet based on current/ non-current
classification. An asset is treated as current when it
is:
i. Expected to be realized or intended to be
sold or consumed in normal operating cycle;
ii. Held primarily for the purpose of trading;
iii. Expected to be realized within twelve months
after the reporting period, or
iv. Cash or cash equivalent unless restricted
from being exchanged or used to settle a
liability for at least twelve months after the
reporting period
All other assets are classified as non-current.
A liability is current when:
i. It is expected to be settled in normal
operating cycle;
ii. It is held primarily for the purpose of trading;
iii. It is due to be settled within twelve months
after the reporting period, or
iv. There is no unconditional right to defer the
settlement of the liability for at least twelve
months after the reporting period
v. Some current liabilities, such as trade
payables and some accruals for employee
and other operating costs, are part of the
working capital used in the entity's normal
operating cycle. An entity classifies such
operating items as current liabilities even if
they are due to be settled more than twelve
months after the reporting period.
All other liabilities are classified as non-current.
Deferred tax assets and liabilities are classified as
non-current assets and liabilities.
Operating Cycle
The operating cycle is the time between the
acquisition of assets for processing and their
realization in cash and cash equivalents. The
company has identified twelve months as its
operating cycle.
W. Foreign currency translation
Items included in the financial statements of the
entity are measured using the currency of the
primary economic environment in which the entity
operates ('the functional currency'). The financial
statements are presented in Indian rupee (INR),
which is company's functional and presentation
currency.
Transactions and balances
Transactions in foreign currencies are initially
recorded by the company's entities at their
respective functional currency spot rates at the
date the transaction first qualifies for recognition.
Monetary assets and liabilities denominated in
foreign currencies are translated at the functional
currency spot rates of exchange at the reporting
date.
Non-monetary items that are measured in terms of
historical cost in a foreign currency are translated
using the exchange rates at the dates of the initial
transactions. Non-monetary items measured
at fair value in a foreign currency are translated
using the exchange rates at the date when the fair
value is determined. The gain or loss arising on
translation of non-monetary items measured at
fair value is treated in line with the recognition of
the gain or loss on the change in fair value of the
item (i.e., translation differences on items whose
fair value gain or loss is recognized in OCI or profit
or loss are also recognized in OCI or profit or loss,
respectively).
X. Fair value measurement
The company measures financial instruments,
such as, derivatives at fair value at each balance
sheet date.
Fair value is the price that would be received to sell
an asset or paid to transfer a liability in an orderly
transaction between market participants at the
measurement date. The fair value measurement
is based on the presumption that the transaction
to sell the asset or transfer the liability takes place
either:
i. In the principal market for the asset or liability,
or
ii. In the absence of a principal market, in the
most advantageous market for the asset or
liability.
The principal or the most advantageous market
must be accessible by the company.
The fair value of an asset or a liability is measured
using the assumptions that market participants
would use when pricing the asset or liability,
assuming that market participants act in their
economic best interest.
The company uses valuation techniques that are
appropriate in the circumstances and for which
sufficient data are available to measure fair value,
maximizing the use of relevant observable inputs
and minimizing the use of unobservable inputs.
All assets and liabilities for which fair value is
measured or disclosed in the financial statements
are categorized within the fair value hierarchy,
described as follows, based on the lowest
level input that is significant to the fair value
measurement as a whole:
i. Level 1 — Quoted (unadjusted) market prices
in active markets for identical assets
or Liabilities.
i. Level 2— Valuation techniques for which the
lowest level input that is significant
to the fair value measurement is
directly or indirectly observable.
iii. Level 3—Valuation techniques for which the
lowest level input that is significant
to the fair value measurement is
unobservable.
For assets and liabilities that are recognized in
the financial statements on a recurring basis, the
company determines whether transfers have
occurred between levels in the hierarchy by re¬
assessing categorization (based on the lowest
level input that is significant to the fair value
measurement as a whole) at the end of each
reporting period.
The company's Valuation Committee determines
the policies and procedures for both recurring fair
value measurement, such as derivative instruments
and unquoted financial assets measured at fair
value, and for non-recurring measurement, such
as assets held for distribution in discontinued
operations. The Valuation Committee comprises
of the head of the investment properties
segment, heads of the company's internal
mergers and acquisitions team, the head of the
risk management department, financial controllers
and chief finance officer.
External valuers are involved for valuation of
significant assets, such as unquoted financial
assets. Involvement of external valuers is decided
upon annually by the Valuation Committee
after discussion with and approval by the
management. Selection criteria include market
knowledge, reputation, independence and
whether professional standards are maintained.
Valuers are normally rotated every three years.
The management decides, after discussions with
the company's external valuers, which valuation
techniques and inputs to use for each case.
At each reporting date, the management analyses
the movements in the values of assets and
liabilities which are required to be remeasured or
re-assessed as per the company's accounting
policies. For this analysis, the management verifies
the major inputs applied in the latest valuation by
agreeing the information in the valuation.
The management, in conjunction with the
Company's external valuers, also compares the
change in the fair value of each asset and liability
with relevant external sources to determine
whether the change is reasonable.
On an interim basis, the Valuation Committee
and the Company's external valuers present the
valuation results to the Audit Committee and the
company's independent auditors. This includes a
discussion of the major assumptions used in the
valuations.
For the purpose of fair value disclosures, the
company has determined classes of assets and
liabilities on the basis of the nature, characteristics
and risks of the asset or liability and the level of the
fair value hierarchy as explained above.
This note summarizes accounting policy for fair
value. Other fair value related disclosures are given
in the relevant notes.
i. Disclosures for valuation methods, significant
estimates and assumptions.
ii. zQuantitative disclosures of fair value
measurement hierarchy.
iii. Investment in unquoted equity shares
(discontinued operations).
iv. Financial instruments (including those carried
at amortized cost).
Y. Exceptional items
Certain occasions, the size, type or incidence of
an item of income or expense, pertaining to the
ordinary activities of the company is such that
its disclosure improves the understanding of the
performance of the company, such income or
expense is classified as an exceptional item and
accordingly, disclosed in the notes accompanying
to the financial statements.
Z. Rounding off
All amounts disclosed in the financial statements
and notes have been rounded off to the nearest
crores as per the requirements of Schedule III,
unless otherwise stated.
AA. Recent accounting 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.
In May 2025, MCA notified amendments to Ind AS
21 - The Effects of Changes in Foreign Exchange
Rates, applicable w.e.f. April 1, 2025. The Company
has reviewed the amendment and based on its
evaluation has determined that it does not have
any significant impact in its financial statements.
In August 2025, MCA notified the following
amendments to:
1. Ind AS 1, Presentation of Financial Statements,
applicable w.e.f. April 1, 2025 -
The amendment relates to classification of
liabilities as current or noncurrent and non¬
current liabilities with covenants.
In the context of classifying a liability as
current, it removes the requirement of
existence of a right to defer settlement
for at least 12 months after the reporting
date and instead requires that the said right
should exist on the reporting date and have
substance.
The amendment also introduces guidance
on classification of liabilities with covenants.
The Company has no impact of these
amendments in its classification
criteria of current and non-current liabilities.
2. Ind AS 7, Statement of Cash Flows and Ind AS
107, Financial Instruments:
Disclosures, applicable w.e.f. April 1, 2025
- The amendment in Ind AS 7 requires to
inform users of financial statements of the
existence of supplier finance arrangements
and explain the nature of the arrangements,
the carrying amount of liabilities and the
range of payment due dates. Ind AS 107
has been amended to add supplier finance
arrangements as a factor that may cause
concentration of liquidity risk. The Company
has reviewed the amendment and based on
its evaluation has determined that it does
not have any significant impact in its financial
statements.
Note:
1 Refer note no.35 for Other Current Assets hypothecated as security by the Company.
2 I) During FY 2024-25, the Company has paid an advance of 6.50 Crores to shareholder of Nandan Industries Private
Ltd. for the proposed acquisition of equity shares. As of the reporting date, the shares have not been transferred,
and therefore, the amount has been presented as an advance under Other Current Assets.
II) During FY 2025-26, the Company has paid an advance of 3.00 Crores to shareholder of Srikunj Weaving Private
Limited for the proposed acquisition of shares . As of the reporting date, the shares have not been transferred, and
therefore, the amount has been presented as an advance underz Other Current Assets.
Notes:
Description of nature and purpose of each reserve:
1 Security Premium
The amount received in excess of face value of the equity shares is recognised in equity security premium.
2 Retained Earnings
Retained earnings are the profits/losses that the Company has earned till date less any transfer to other reserves,
dividends or other distributions to shareholders.
3 Other Comprehensive income
a) The fair value change of the equity instruments measured at fair value through other comprehensive income is
recognised in equity instruments through Other Comprehensive income.
b) The remeasurement gain/(loss) on net defined plan is recognised in Other Comprehensive Income net of Tax.
Notes:
1 Share Application money received
a) The company had issued 5,00,00,000 Complusorily Convertible equity warrants having Face value of Rs 5.00
Each (warrants)in FY 2024-25 by way of preferential issue for issue price of ' 30.60 per warrant including premium
of Rs 25.60 per warrant upon receipt of amount aggregating to ' 38.25 crore at the rate of Rs 7.65 per warrant.(
being 25% of issue price of Rs 30.60)
b) The above warrants entitle the allottee to apply for and be allotted equal number of equity shares for each warrant
held by them on payment of balance 75% of the issue price within 18 months from the date of issue of these
warrants.
2 During the FY 2025-26 upon the receipt of the balance 75% of the issue price from the allottees, the company
converted 5,00,00,000 equity warrants into the Equity shares.
Notes :
1 The Cash Credit facility and packaging credit facility from banks ' 171.39 crore ( PY 164.71 crore) is secured against first
paripasu charge on entire current assets of the company present and future. Second paripasu charge on entire fixed
assets of the company. The working capital loan is secured by personal guarantees of promoters namely Mr. Brijmohan
D Chiripal, Mr. Ved Prakash Chiripal, Mr. Jyoti Prasad Chiripal and Mr. Jai Prakash Chiripal and by corporate guarantee
of M/s Prakash calender Pvt Ltd and M/s Bhushan petrofills pvt. ltd. and Pledge of 10% promoters' holding in the name
of Promoter guarantors as on 30th September 2018. i.e 29,92,099 equity shares of the company, As on 31.03.2026,
1,75,33,677 equity shares (PY 1,75,33,677 equity shares) of the promoter.
2 Effective interest rate of cash credit facility is in range of 8.65% p.a to 10.00% p.a (PY 9.50 % to 10.00%)
3 Effective interest rate of ECLGS facility is in range of 8.65% p.a to 9.25% p.a ( PY 8.90% p.a. to 9.25% )
4 Details submitted to lenders on quarterly basis are in conformity with books of accounts.
5 Refer note no.42 to 44 for credit risk, liquidity risk and market risk for current financial liability
1 The company has reviewed all its pending litigations and proceedings and has adequately provided where provisions
are required and disclosed as contingent liabilities where applicable, in its financial statements. The company does not
expect the outcome of these proceedings to have materially adverse effect on its financial position. The company does
not expect any reimbursement in respect of the above contingent liabilities.
2 The company has reviewed all its pending litigations and proceedings and has adequately provided where provisions
are required and disclosed as contingent liabilities where applicable, in its financial statements. The company does not
expect the outcome of these proceedings to have materially adverse effect on its financial position. The company does
not expect any reimbursement in respect of the above contingent liabilities.
3 The Income Tax Department (“the Department") conducted a Search activity (“the Search" under Section 132 of the
Income Tax Act) on the Company in July 2022. Subsequently, the Company has provided all support and cooperation
and the necessary documents and data to the Department, as requested by the Department. The Company is
examining and reviewing details of the matter and will take appropriate actions, including addressing regulatory actions,
if and when they occur.
4 While the uncertainty exists regarding the outcome of the proceedings by the department, the Company after
considering all available information and facts as of date, has not identified the need for any adjustments to the current
or prior period financial statements.
Note 37
An operating segment is a component of the Company that engages in business activities from which it may earn
revenues and incur expenses, including revenues and expenses that relate to transactions with any of the Company's other
components and for which discrete financial information is available. The Company's chief operating decision maker (CODM)
is considered to the Company's Managing Director (MD). The Company is engaged in the business of Production of Yarn
and Processing of Fabric which are widely used in Textile Unit. Information reported to and evaluated regularly by the CODM
for the purposes of resource allocation and assessing performance focuses on the business as a whole and accordingly, in
the context of Operating Segment as defined under the Indian Accounting Standard 108 'Segment Information', there is no
separate reportable segment.
(i) The estimates of rate of escalation in salary considered in actuarial valuation, take into account inflation, seniority,
promotion and other relevant factors including supply and demand in the employment market. The above
information is certified by the actuary.
(ii) The expected rate of return on plan assets is determined considering several applicable factors, mainly the
composition of plan assets held, assessed risks, historical results of return on plan assets and the Company's policy
for management of plan assets.
G. Sensitivity analysis
Reasonably possible changes at the reporting date to one of the relevant actuarial assumptions, holding other
assumptions constant, would have affected the defined benefit obligation by the amounts shown below.
Note - 42 : Financial risk management
The company has exposure to the following risks arising from financial instruments:
• Credit risk;
• Liquidity risk; and
• Market risk
1. Risk management framework
The Company's board of directors has overall responsibility for the establishment and oversight of the Company's risk
management framework. The board of directors along with the top management are responsible for developing and
monitoring the Company's risk management policies.
The Company's risk management policies are established to identify and analyse the risks faced by the Company, to
set appropriate risk limits and controls and to monitor risks and adherence to limits. Risk management policies and
systems are reviewed regularly to reflect changes in market conditions and the Company's activities. The Company,
through its training and management standards and procedures, aims to maintain a disciplined and constructive control
environment in which all employees understand their roles and obligations.
The Company's audit committee oversees how management monitors compliance with the Company's risk
management policies and procedures, and reviews the adequacy of the risk management framework in relation to the
risks faced by the Company.
2. Credit risk
Credit risk is the risk of financial loss to the parent Company if a customer or counterparty to a financial instrument fails
to meet its contractual obligations, and arises principally from the parent Company's receivables from customers and
investments in debt securities.
The carrying amount of following financial assets represents the maximum credit exposure:
The maximum exposure to credit risk for trade and other receivables are as follows:
A. Trade receivables
“The Company has developed guidelines for the management of credit risk from trade receivables. The Company's
exposure to credit risk is influenced mainly by the individual characteristics of each customer The demographics
of the customer, including the default risk of the industry and country in which the customer operates, also has an
influence on credit risk assessment.
Exposures to customers outstanding at the end of each reporting period are reviewed by the Company to
determine incurred and expected credit losses. Historical trends of impairment of trade receivables do not reflect
any significant credit losses Given that the macro economic indicators affecting customers of the Company
have not undergone any substantial change, the Company expects the historical trend of minimal credit losses to
continue, Further, management believes that the unimpaired amounts that are past due by more than 30 days are
still collectible in full, based on historical payment behaviour and extensive analysis of customer credit risk.
Other financial assets
This balance primarily constitute of Bank fixed deposits having maturity of more than 12 months.
Cash and cash equivalents
The Company held cash and cash equivalents with credit worthy banks and financial institutions as at the reporting
dates which has been measured on the 12-month expected loss basis. The credit worthiness of such banks and
financial institutions are evaluated by the management on an ongoing basis and is considered to be good with
low credit risk. Also, no impairment loss has been recorded in respect of fixed deposits that are with recognised
commercial banks and are not past due.
Note - 43 : Financial instruments - Fair values and risk management
Liquidity risk
Liquidity risk is the risk that the Company will encounter difficulty in meeting the obligations associated with its financial
liabilities that are settled by delivering cash or another financial asset. The Company's approach to managing liquidity is to
ensure, as far as possible, that it will have sufficient liquidity to meet its liabilities when they are due, under both normal and
stressed conditions, without incurring unacceptable losses or risking damage to the Company's reputation.
The Company has current financial assets which the management believes is sufficient to meet all its liabilities maturing
during the next 12 months.
The following are the remaining contractual maturities of financial liabilities at the reporting date. The amounts are gross and
undiscounted, including contractual interest.
Note - 44 : Financial instruments - Fair values and risk management
Market risk
Market risk is the risk that changes in market prices - such as foreign exchange rates, interest rates and equity prices - will
affect the Company's income or the value of its holdings of financial instruments. Market risk is attributable to all market
risk sensitive financial instruments including foreign currency receivables and payables and long term debt. We are exposed
to market risk primarily related to foreign exchange rate risk and the market value of our investments. Thus, our exposure
to market risk is a function of investing and borrowing activities and revenue generating and operating activities in foreign
currency. The objective of market risk management is to avoid excessive exposure in our foreign currency revenues and
costs.
A. Currency risk
The functional currency of the Company is Indian Rupee. The Company is exposed to currency risk on account of
payables and receivables in foreign currency. The company has formulated policy to meet the currency risk.
company does not use derivative financial instruments for trading or speculative purposes.
B. Interest rate risk
Interest rate risk can be either fair value interest rate risk or cash flow interest rate risk. Fair value interest rate risk is the
risk of changes in fair values of fixed interest bearing investments because of fluctuations in the interest rates. Cash
flow interest rate risk is the risk that the future cash flows of floating interest bearing investments will fluctuate because
of fluctuations in the interest rates. The company adopts a policy to ensure that maximum interest rate exposure is at a
fixed rate. This is achieved by entering into fixed-rate instruments.
3. Fair value sensitivity analysis for fixed-rate instruments
The company does not account for any fixed-rate financial assets or financial liabilities at fair value through profit
or loss, and the Company does not have any designate derivatives (interest rate swaps). Therefore, a change in
interest rates at the reporting date would not affect profit or loss.
For the purpose of the Company's capital management, capital includes issued equity capital and all other equity reserves
attributable to the equity holders of the parent. The primary objective of the Company's capital management is to
maximise the shareholder value.
The Company manages its capital structure and makes adjustments in light of changes in economic conditions and the
requirements of the financial covenants. To maintain or adjust the capital structure, the Company may adjust the dividend
payment to shareholders, return capital to shareholders or issue new shares. The Company monitors capital using a gearing
Additional Regulatory Information pursuant to Clause 6L of General Instructions for preparation of Balance Sheet as
given in Part I of Division II of Schedule III to the Companies Act, 2013, are given hereunder to the extent relevant and
other than those given elsewhere in any other notes to the Financial Statements.
a. The Company does not have any Benami property, where any proceeding has been initiated or pending against the
Company for holding any Benami property.
b. The Company has a Fund-based and Non-fund-based limits of Working Capital from Banks and Financial institutions.
For the said facility, the Company has submitted Stock and debtors statement to the bank on monthly basis as also the
Quarterly Information Statements. The average difference is not material and is less than 1% of amount of stock and
debtors, which is on account of valuation, provisions, etc.
c. The Company has not been declared as a willful defaulter by any lender who has powers to declare a company as a willful
defaulter at any time during the financial year or after the end of reporting period but before the date when the financial
statements are approved.
d. The Company has not entered into any transactions with companies struck off under section 248 of the Companies
Act, 2013 or section 560 of Company Act, 1956.
e. The Company has compiled with the number of layers prescribed under clause (87) of section 2 of the Companies Act
2013 read with Companies (Restrictions on number of Layers) Rules, 2017.
f. The Company has not received any funds 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;
(1) 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
(2) Provide any guarantee, security or the like to or on behalf of the Ultimate Beneficiaries.
g. The Company does not have any transactions which is not recorded in the books of accounts but 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).
h. The Company has not traded or invested in Crypto currency or Virtual Currency during the financial year.
Note - 50 :
The financial statements are approved by the audit committee and Board of Directors at its meeting held on 20th May, 2026.
The said financial statements are subject to approval of Share Holders in Annual General Meeting.
Pursuant to the notification issued by the Ministry of Labour and Employment, The Government of India has consolidated 29
existing labour legislations into a united framework comprising 4 Labour Codes referred as the “New Labour Codes" which
became effective from 21st November, 2025. The Company is currently evaluating the financial implication on its employee
benefit obligation. As the evaluation is currently in progress , the financial impact is not reasonably determinable at this stage.
Consequently no adjustment has been made in the financial results for the period.
Note - 55 : Comparatives / Regrouping and Reclassification
Comparatives (amounts and other disclosures for the preceding reporting year) are included as an integral part of the
current year's financial statements. Figures of the previous year have been regrouped / reclassified wherever necessary to
correspond with the current year's presentation and classification.
Note - 56 : Events occurring after the reporting period
The Company evaluates events and transactions that occur subsequent to the balance sheet date but prior to the approval
of financial statements to determine the necessity for recognition and/or reporting of subsequent events and transactions
in the financial statements. As of 20th May 2026 there were no subsequent events and transactions to be recognized or
reported that are not already disclosed.
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