p Provisions, Contingent liabilities and Contingent assets
A provision is recognized when the Company has a present obligation as a result of 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. Provisions are not discounted to their present value and are determined based on the best estimate required to
settle the obligation at the reporting date. These estimates are reviewed at each reporting date and adjusted to
reflect the current best estimates.
Contingent Liabilities are not recognized but are disclosed in the notes to accounts when there is possible obligation or a present
obligation that may, but probably will not, require an outflow of resources, when there is a possible obligation or a present
obligation that the likelihood of outflow of resources is remote.
A contingent asset is neither recognised nor disclosed in the financial statements.
q Earnings Per Share
Basic earnings per share is calculated by dividing the net profit for the period attributable to equity shareholders by the weighted
average number of equity shares outstanding during the financial year. Earnings considered in ascertaining the company's earnings
per share is the net profit for the period after deducting 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.
Diluted Earnings Per Share: 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 is adjusted for the
effects of all dilutive potential equity shares.
As per our report of even date
For GRSM & Associates For and on behalf of the Board of
Chartered Accountants Presstonic Engineering Limited
Firm's Registration No. 000863S
Sd/- Sd/- Sd/-
SSd/-
Rajgopal A Herga Poornachandra Kedilaya Yermal Giridhar Rao Sudha G Hegde
Partner Managing Director Jt. Managing Director & CFO Company Secretary
Membership No. 205296 DIN: 09120129 DIN: 09120130 M No: A68052
Place: Bangalore
Date: 13 May 2025
The Board of Directors at its meeting held on May 19, 2023 pursuant to section 63 and all other applicable provisions, if any, of the
Companies Act 2013. and rules made thereunder, proposed that a sum of Rs. 223.53 Lacs be capitalised as Bonus Equity Shares out of
free reserves and surplus, distributed amongst the Equity Shareholders by issue of 22,35,340 Equity Shares of Rs.10 each credited as
Fully paid to the Equity Shareholders in the proportion of 1:1 Equity Share for every 1 (One) Equity Shares. It has been approved in the
extra ordinary general meeting held on May 22, 2023. The Board of Directors of the Company in the Board meeting dated May 22,
2023 allotted the Bonus Equity Shares to the shareholders of the Company. Earnings Per Share calculations have been restated for the
previous year to give effect of bonus issue.
There are no identified Micro and Small Enterprises, to whom the Company owes dues, which are outstanding as on 31st March, 2025
and identified MSME creditors to whom payment delayed beyond 45 days. This information is disclosed as required under the Mic ro,
Small and Medium Enterprises Development Act, 2006
The suppliers who have registered themselves under the Micro, Small and Medium Enterprises Development Act, 2006, have been
identified on the basis of information available with the company.
During the previous financial year, the company has successfully completed its Initial Public Offer (IPO) of 32,36,800 equity shares of
Rs 10/- each at a price of Rs 72/- per equity share (Including a premium of Rs 62 per share), amounting to Rs 2,330.50/- lakhs. Equity
Shares offered in IPO were allotted on 14th December 2023 and listed on 18th December 2023. Details of the proceeds of IPO and
utilisation, pursuant to Regulation of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, are p rovided above.
38 Loans and Advances given to Related Parties
The Company, during the year, has not granted any Loans or Advances to promoters, directors, KMPs and the related parties (as
defined under Companies Act, 2013) and hence reporting in this regard is not applicable. However, there is an amount receivab le from
the promoters, which pertain to the partnership (pre-conversion) period.
39 Security of Current Assets Against Borrowings
The company is required to submit monthly statements of inventories and receivables to the bank. The statements of inventories and
receivables filed by the Company with banks were generally in agreement with the books of accounts except on a few occasions. The
disagreements were because these statements were provided on provisional basis. However, reconciliation with regard to quarter
ending months are provided in the table below:
The borrowings against security of current assets were closed during the second quarter of the year, and hence no statements relating
to current assets were submitted subsequently.
40 Details of Benami Property held
There are no proceedings which have been initiated or pending against the company for holding any benami property under the
Benami Transactions (Prohibition) Act, 1988 (45 of 1988) and the rules made thereunder.
41 Wilful Defaulter
Date of declaration as wilful defaulter
The Company has not been declared as wilful defaulter by any bank or financial Institution (as defined under companies Act, 2013) or
consortium thereof or other lender in accordance with the guidelines on wilful defaulters issued by the Reserve bank of India .
42 Relationship with Struck off Companies
The Company has not entered into any transactions with companies struck off under section 248 of the Companies Act, 2013 or
section 560 of Companies Act, 1956.
43 Registration of Charge
The Company does not have any charges or satisfaction which are yet to be registered with Registrar of Companies beyond the
statutory period.
44 Compliance with number of layers of comapanies
The company does not have any subsidiaries and hence disclosure related to non compliance with the number of layers prescribed
under clause (87) of section 2 of the Act read with Companies (Restriction on number of Layers) Rules, 2017 is not applicable .
Reasons for Variances
Return on Equity, Net Profit Ratio, DSCR and Return on Capital Employed are having significant variances due to reduction in the net
profit for the year compared to that of the previous year.
Ratio of Trade Receivables was impacted due to high turnover towards the close of the year.
Higher inventory holding required for manufacture for orders on hand has impacted the inventory turnover ratio.
46 Disclosure where company has given loan or invested to other person or entity to lend or invest in another person or entity
The company has not advanced or given loan or invested funds (either borrowed funds or share premium or any other sources or kind
of funds) to any other person(s) or entity(ies), including foreign entities (Intermediaries) with the understanding (whether recorded in
writing or otherwise) that the Intermediary shall (i) 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 (ii) provide any guarantee, security or the like to or on
behalf of the Ultimate Beneficiaries and hence disclosure in this regard is not applicable.
47 Disclosure where company has received fund from other person or entity to lend or invest in other person or entity
The company has not received any fund 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 (i) 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 (ii) provide
any guarantee, security or the like on behalf of the Ultimate Beneficiaries, and hence disclosure in this regard is not applicable.
48 Undisclosed Income
The Company does not have any transaction which not recorded in the books of accounts that 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). Further, there are no transactions which are previously unrecorded income and related
assets that were recorded in the books of accounts during the year.
49 Details of Crypto Currency
The Company has not traded or invested in Crypto currency or Virtual Currency during the financial year, and hence disclosure
relating to profit or loss on transactions involving Crypto/Virtual Currency and amount of currency held as at the reporting date and
deposits or advances from any person for the purpose of trading or investing in Crypto/virtual currency is not applicable.
50 Segment Reporting (AS-17)
Company is unable to provide Segment Reporting as it is operating in only a single Business or Geographical Segment, as stated
below:
a) Primary Segment (Business Segment): The Company is Primarily engaged in the business of manufacturing of Metro Rail Rolling
Stock Products, Railway Signaling Products, Infrastructure Products and other related products. The entire operations are governed
by the same set of risk and returns. Hence, the same has been considered as representing a single Business Segment.
b) Secondary Segment (Geographical Segments). The Company's Major Revenue are from the India for both the reporting periods.
Hence, the same has been considered as representing a single Geographical Segment.
51 Pending Litigation
The Company has filed criminal complaints under Section 138 of the Negotiable Instruments Act, 1881, against (i) a service provider
for ^25.10 lakhs and (ii) a machinery vendor for ^4.50 lakhs, in respect of cheques issued towards outstanding dues that wer e
dishonoured due to insufficient funds. The cases are pending before the competent Magistrate Court. Based on legal advice, the
management considers the amounts recoverable and no provision is required as at the reporting date.
52 Bank Guarantee
The Company has obtained a Bank guarantee from Canara Bank and issued to various parties and balance outstanding as on 31st
March 2025 amounting to Rs.719.37 lakhs (PY: Rs 560.97/- lakhs.)
53 Confirmations
Balances of the Trade Receivables, Trade Payable, Loans and Advances and other current liabilities are subject to confirmation and
reconciliation.
54 Regrouping
The previous year figures have been reclassifed / regrouped / rearranged to conform to this year's classification. Figures in brackets
indicate those for previous years.
55 Events after the Balance Sheet date
There were no significant events that occurred after the Balance Sheet date that required any adjustments to the financials.
As per our report of even date
For GRSM & Associates For and on behalf of the Board of
Chartered Accountants Presstonic Engineering Limited
Firm's Registration No. 000863S
Sd/- Sd/- Sd/- Sd/-
Rajgopal A Herga Poornachandra Kedilaya Yermal Giridhar Sudha G Hegde
Rao
Partner Managing Jt. Managing Company
Director Director & CFO Secretary
Membership No. 205296 DIN: 09120129 DIN: 09120130 M No: A68052
Place: Bangalore
Date: 13 May 2025
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