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Contingent liabilities
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Rs. In Lakhs
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Particulars
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March 31, 2026
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March 31, 2025
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GST Matter under Litigation
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65.40
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65.40
|
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Trade Payable under Dispute (Param Dairy)
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386.77
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350.60
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(B) Notes on Financial Statements
1. As per information received from MSME - 1, creditors are registered as per MSME Act out of which five parties amounting to Rs. 5,77,40,206.54/- is due more than 45 days. Liability for interest on the same has not been provided for.
2. Salaries includes directors remuneration on account of salary Rs. 18,00,000/- (Previous Year Rs.22,00,000 /-)
3. Trade receivables, Trade payables, Loans & Advances and Unsecured Loans have been taken at their book value subject to confirmation and reconciliation.
5. Loans and Advances are considered good in respect of which company does not hold any security other than the personal guarantee of persons.
6. No provision for Leave Encashment has been made. The impact of the same on Profit & Loss is not determined
Details of Non Cash Transaction enter amongst related parties The Company has squared up a portion of receivables from related parties, amounting to to Rs. 6,31,16,500.00/-by way of agreement to transfer of Properties in Company's favor in lieu of due amount vide agreements dated 5th September, 2019 and Rs. 73,36,000/- by way of an arbitration agreement dated 26th December, 2020. These properties have been included in Value of Fixed Assets of the Company but are yet to be registered in Company’s favor. Out of these during the financial year 2023-24, the property located at Shop No. 350, 351, and 352, Saraogi Mansion, M.I. Road, Jaipur, was sold. The said property was transferred to the original owner, Renu Koolwal, at the same amount at which it was initially brought into the books through a written agreement.
14.Previous year figures have been regrouped/rearranged wherever necessary. In terms of Our Separate Audit Report of Even Date Attached.
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