11. Contingent Liabilities
The company had no contingent liabilities during the year
12. Capital and other Commitments
Estimated amount of contracts remaining to be executed on capital account and not provided for (net of
advance) arc: March 31. 2025 1NR Nil (March 31, 2024: INR Nil)
13. Related Party Disclosure
To comply with the requirements of Ind AS — 24 on “Related Party Disclosures”, the following disclosures are
given.
a. Name of Related Parties __
Enterprises controlled by Jvotirgamva Enterprises Limited ,
Nil
Associates x-"—~—^ rvV.' )•'/
m-
!4. Segments
Identification of segments
The Company's operating businesses arc organized and managed according to the nature of products and
services provided, with each segment representing a strategic business unit that otters dilterent products and
serves different markets. The analysis of geographical segments is based on the areas in which major operating
divisions of the Company operate.
Business segments:
The primary reporting of the Company has been performed on the basis of business segment. The Company has
only one reportable business segment, which is, manufacturing of auto components for four-wheeler industry.
Accordingly, the amounts appearing in these financial statements relate to the manufacturing of auto
components segment.
As the Company has only one reportable segment, the disclosure requirement of Ind AS -108 ‘Operating
Segment' is not applicable for primary segment reporting.
Secondary segmental reporting is performed on the basis of the geographical location of customers.
Accordingly, geographical revenues and carrying amount of assets are segregated based on the location of the
customer.
As the Company has only one reportable geographical segment, the disclosure requirement of Ind AS -108
'Operating Segment' is not applicable for secondary segment reporting.
15. Capital Management
For the purpose of the Company’s capital management, capital includes issued equity capital and all other
equity icsetves altiibutable to the equily holdets of the company. The piimaiy 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 monitor capital using a gearing ratio, which is
net debt divided by total capital plus net debt. The Company includes within net debt, interest bearing loans
and borrowings, trade and other payables, less cash and short-term deposits.
The Company monitors capital using a gearing ratio, which is net debt divided by total capital plus net debt.
The Company's policy is to keep the gearing ratio between 20% and 40%. The Company includes within net
debt, interest bearing loans and borrowings, trade and other payables, less cash and cash equivalents.
In order to achieve this overall objective, the Company’s capital management, amongst other things, aims to
ensure that it meets financial covenants attached to the interest-bearing loans and borrowings that define capital
structure requirements. Breaches in meeting the financial covenants would permit the bank to immediately call
loans and borrowings. There have been no breaches in the financial covenants of any interest-bearing loans and
borrowing in the current period.
No changes were made in the objectives, policies or processes for managing capital during the years ended 31
March 2024 and 31 March 2025.
16. Fair Value
a) The comparison of carrying value and fair value of financial instruments by categories that are not
measured at fair value arc as follows:
The Company assessed that investment in bond, trade receivables, cash and cash equivalents, other bank
balances, loans, other financial assets, trade payables and other financial liabilities are considered to be the
same as their fair values, due to their short term nature.
The following methods and assumptions were used to estimate the fair values:
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.
The fair values for investments in quoted securities like mutual funds and equity shares are based on price
quotations available in the market at each reporting date.
The fair value of the derivatives are based on mark to market (MTM) values given by the bank
b) Fair Value Hierarchy
The Company uses the following hierarchy for determining and disclosing the fair value of financial
instruments by valuation technique:
Level I: quoted (unadjusted) prices in active markets for identical assets or liabilities
Level 2: other techniques for which all inputs that have a significant effect on the recorded fair value are
observable, either directly or indirectly
Level 3: techniques that use inputs that have a significant effect on the recorded fair value that are not based
on observable market data
17. Financial Risk Management Objectives and Policies
The financial liabilities comprise borrowings, security deposits, employee advance, trade payables and financial
guarantee. The Company's principal financial assets include investments, trade receivables, cash and cash
equivalents, other bank balance, derivatives and loans. The Company is exposed to market risk, credit risk and
liquidity risk. The Company 's senior management oversees the management of these risks. The Board of
Directors reviews and agrees policies for managing each of these risks, which are summarized below.
a) Liquidity risk
Liquidity’ risk is the risk that the Company will encounter in meeting the obligations associated with its
financial liabilities that are settled by delivering cash or another financial asset. The approach of the
Company to manage liquidity is to eusuic, as fai as possible, that these will have sufficient liquidity to meet
their respective liabilities when they are due, under both normal and stressed conditions, without incurring
unacceptable losses or risk damage to their reputation.
b) Credit risk
Credit Risk is the risk that the counter party will not meet its obligation under a financial instrument or
customer contract, leading to a financial loss. The Company is exposed to credit risk from its operating
activities and from its financing activities, including deposits with banks and other financial instruments.
(i) 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. Management evaluate credit
risk relating to customers on an ongoing basis. Receivable control management Department
assesses the credit quality of the customer, taking into account its financial position, past experience
and other factors. The Company provides credit to individuals on exceptional basis only. An
impairment analysis is performed at each reporting date on an individual basis.
(ii) Financial instruments and cash deposit
Credit risk from balances with banks and financial institutions is managed by the Company's
treasury department in accordance with the Company's policy. Investments of surplus funds arc
made primarily in mutual funds and risk free bonds. The limits are set to minimize the
concentration of risks and therefore mitigate financial loss through counter party's potential failure
to make payments. Credit limits of all authorities are reviewed by the management on regular basis.
All balances with banks and financial institutions is subject to low credit risk due to good credit
ratings assigned to the Company.
c) Market risk
Market risk is the risk that the fair value of future cash flows of a financial instrument will fluctuate because
of changes in market prices. Market prices comprise three types of risk: currency rate risk, interest rate risk
and other price risks, such as equity price risk and commodity price risk.
(i) Foreign currency' risk
The Company does not have any foreign currency transaction during the year.
(ii) Interest rate risk
Interest rate is the risk that the fair value or future cash flows of a financial instrument will fluctuate
because of changes in market interest rates. The Company 's exposure risk to the risk of changes in
market interest relates primarily to the Company 's long term debt obligations with floating interest
rates.
The Company have fixed interest rate on borrowing for vehicles, hence there is no risk for
fluctuation of interest rate.
18. Significant Accounting Judgements. Estimates and Assumptions
The preparation of 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.
Uncertainty about these assumptions and estimates could result in outcomes that require a material adjustment
to the carrying amount of assets or liabilities affected in future periods.
a) Taxes
Deferred tax assets are recognised for unused tax losses to the extent lhat it is probable that taxable profit
wil 1 be available against which the losses can be utilised. Significant management judgment is required to
determine the amount of deferred tax assets that can be recognised, based upon the likely timing and the
level of future taxable profits together with future tax planning strategies.
Adjustments to "Other Equity" on account of equity component of compound financial instruments, with
regard to redeemable preference shares, have not be considered as part of the transition amount for the
purpose of compulation of MAT under section II5JB of the Income Tax Act, 1961 basis legal opinion
taken by the Company.
h) Fair value measurement of financial instruments
When the fair values of financial assets and financial liabilities recorded in the balance sheet cannot be
measured based on quoted prices in active markets, their fair value is measured using valuation techniques
including the DCF model. The inputs to these models are taken from observable markets where possible,
but where this is not feasible, a degree of judgment is required in establishing fair values.
Assumptions include considerations of inputs such as liquidity risk, credit risk and volatility. Changes in
assumptions about these factors could affect the reported fair value of financial instruments. See note 43
and 44 for further disclosures.
c) Depreciation on property, plant and equipment
Depreciation on property', plant and equipment is calculated on a straight-line basis using the rates arrived at
based on the useful lives estimated by the management. Considering the applicability of Schedule II of
Companies Act, 2013. the management has re-estimated useful lives and residual values of all its property,
plant and equipment. The management believes that depreciation rates currently used fairly reflect its
estimate of the useful lives and residual values of property, plant and equipment, though these rates in
certain cases are different from lives prescribed under Schedule II of the Companies Act, 2013.
19. Debtors and Creditors balances are subject to confirmation. Further, in the opinion of the Board and to the best
of their knowledge the value of realization of Current Assets. Loans & Advances and Sundry Debtors, in the
ordinary course of business would not be less than the amount at which they are stated in the Balance Sheet
except as stated otherw ise elsewhere.
20. As pci the coricspondcncc made with the suppliers and information available with the Company no creditors
have confirmed that they have MSME registration. In the absence of the same it is difficult to comment
regarding dues to MSME. Creditors are outstanding for a period of more than 30 days.
21. Provision for l ax has been made in the accounts under section II5JB of the Income Tax Act, 1961. Company
has made provision for Deferred Taxes as required in AS-22 on Accounting for Taxes on Income.
c) Licensed Capacity
The company is not required to obtain any license under the Industries (Development & regulation)
Act, 1951 therefore the details of licensed capacity are not applicable capacity.
d) Installed Capacity and Actual Production
The Company has a diverse range of products and therefore it is not feasible to give the details
e) Foreign Currency earning Out Go
The company does not have any foreign currency transaction during the year.
0 As per provision of Applicable GST Act. the The GST Audit Compliances as applicable have been
complied within the specified time frame . As GST Audit is Turnover Base hence it is not applicable
for the FY 2021-22 (Turnover < 2 Crore{updated to 5 Crore} later on by Notification by the official
gazette).
g) Previous year’s figures have been regrouped, rearranged & reclassified wherever considered
necessaiy to bring them into confoimity with the classification adopted in the current year.
23. These financial results have been prepared in accordance with Indian Accounting Standards (Ind AS)
as prescribed under Section 133 of the Companies Act, 2013 read with relevant rules issued thereunder
and other accounting principles generally accepted in India. The above financial results of the
Company for the quarter and year ended March 31. 2025 has been reviewed by the Audit committee
and approved by the Board of Directors at their meeting held on 23rd May 2025.
For For Amit Agarwal & Co. FOR AND ON BEHALF OF THE BOARD
Chartered Accountants JYOTIRGAMYA ENTERPRISES LIMITED
FRN008359C ^
CA Suraj Kumar Singh Anil Ganpatlalji Jain Alpa Bhavesh Vora
Partner Managing Director Director
Membership No. 440365 DIN: 10455523 DIN: 06814833
Place: New Delhi . Ij %
Date: 23/05/2025 .
Karan Rajesh Singh Sonia Bhintrajka
CFO Company Secretary
PAN: EFNPS9769N PAN: BFKPS9034.I
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