L. PROVISIONS, CONTINGENT LIABILITIES AND CONTINGENT ASSETS
A provision is recognized if, as a result of a past event, the Company has a present legal
obligation that is reasonably estimable and it is probable that an outflow of economic
benefits will be required to settle the obligation. Provisions are determined by the best
estimate of the outflow of economic benefits required to settle the obligation at the
reporting date. Where no reliable estimate can be made, a disclosure is made as
contingent liability. A disclosure for a contingent liability is also made when there is a
possible obligation or a present obligation that may, but probably will not, require an
out flow of resources. Where there is a possible obligation or a present obligation in
respect of which the likelihood of outflow of resources is remote, no provision or
disclosure is made.
M. EARNINGS PER SHARE
Basic earnings per share are calculated by dividing the net profit or loss for the period
attributable to equity shareholders by the weighted average number of equity shares
outstanding during the period.
For the purpose of calculating diluted earnings per share, the net profit or loss for the
period attributable to equity shareholders and the weighted average number of shares
outstanding during the period are adjusted for the effects of all dilutive potential equity
shares.
N. SEGMENT POLICIES
The Company’s reporting segments are identified based on activities/products, risk and
reward structure, organization structure and internal reporting systems.
O. INVESTMENTS
Investments intended to be held for more than a year are classified as long term
investments. All other investments are classified as current investments. Current
investments are stated at lower of cost and market/fair value. Long term investments are
stated at cost. Decline in value of long term investments is recognized, if considered
other than temporary.
P. BORROWING COSTS
Borrowing costs directly attributable to the acquisition, construction or production of an
asset that necessarily takes a substantial period of time to get ready for its intended use or
sale are capitalized as part of the cost of the respective asset. All other borrowing costs
are expensed in the period they occur. Borrowing costs consist of interest and other costs
that an entity incurs in connection with the borrowing of funds.
Q. CASH FLOW STATEMENT
Cash flows are reported using the indirect method, whereby profit before tax is adjusted
for the effects of transactions of a non-cash nature, any deferrals or 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
financing activities of the Company are segregated.
18. Contingent Liability not provided for: Rs. Nil (Previous Year Rs. Nil)
19. In the opinion of the management the current assets, loans and advances have a value on
realization at least equal to the amount at which they are stated in the Balance Sheet and
the provision for all known liabilities has been made.
i. Provision for Income Tax has been made considering various benefits and allowances
available to the company under the provisions of Income Tax Act, 1961.
20. During the year Company has not done any speculative trading in commodity (Mustard
Seed & Oil) at MCX/NCDEX stock exchanges.
21. As per Indian Accounting Standard, Ind AS-19 “Employees Benefits” the disclosure of
employee benefits as defined in Accounting Standard are given below.
Defined Benefit Plan
The employees’ gratuity fund scheme is a defined benefit plan. The present value of
obligation is determined based on actuarial valuation using the projected unit credit
method, which recognizes each period of service as giving rise to additional unit of
employees benefit entitlement and measures each unit separately to build up the final
obligation.
27. Investment in NSC of Rs. 13,000 is written off during the Financial Year 2023-24 since
proper documents are not available with the company.
28. Previous year figures have been regrouped / rearranged wherever considered necessary to
make them comparable with current year’s figures.
As per our report of even date attached
For S K Agarwal &Associates For and on behalf of Board
Chartered Accountants Sarda Proteins Ltd
FRN: 014841C CIN:L15142RJ1991PLC006353
Ekta Kapoor
Partner Deepak Data Vanita Bhanot
M. No. 550801 Managing Director Director
DIN: 01672415 DIN: 08189799
Amit Kumar Modi Shipra Gandhi
Company Secretary Chief Financial
M. No.: A29371 Officer
Date : 30-04-2024 PAN: AUNPG0520E
Place : Jaipur
UDIN : 24550801BKEELM9699
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