*The company had filed a case with the Metropolitan Magistrate Court on 27-04-2016 for non payment of loan and interest amount for Loans made to Karismaa Foundations P Ltd of Rs 1,14,37,500. The case is still in progress.
In addtition the company had also filed a Civil Suit before the Honourable High Court on 28-08-2017 (same is in trial stage) for recovery of loan and interest amount.
26 Details of dues to Micro, Small and Medium enterprises as defined under the MSMED Act, 2006
The Identification of Micro,Small and Medium Enterprises Suppliers as defined under "The Micro, Small and Medium Enterprises development Act 2006" is based on the Information available with the management. As certified by the Management, the amounts overdue as on 31st March 2025 to Micro, Small and Medium Enterprises on account of principal amount is Nil.
27 Installed capacity, Licensed capacity and Capacity utilisation
Particulars relating to Installed capacity, Licensed capacity an Capacity Utilisation are not applicable.
28 Segment Information
As the Company operates in a single business segment (i.e.) Development of commercial and residential properties, segmental reporting is not provided.
29 Additional regulatory information required by Schedule III
i. Details of benami property held
No proceedings have been initiated on or are pending against the Company for holding benami property under the Benami Transaction (Prohibition) Act, 1988 (45 of 1988) and Rules made thereunder.
ii. Borrowing secured against current assets
The Company does not have any borrowings from banks.
iii. Willful defaulter
The Company has not been declared willful defaulter by any bank or financial institution or government or any government authority.
iv. Relationship with struck off companies
The Company has no transaction with the Companies struck off under Companies Act, 2013 or Companies Act, 1956.
v. Compliance with number of layers of companies
The Company has complied with the number of layers prescribed under the Companies Act, 2013.
vi. Compliance with approved scheme(s) of arrangements
The Company has not entered into any scheme of arrangement which has an accounting impact on current or previous financial year.
vii. Utilisation of borrowed funds and share premium
The Company has not advanced or loaned or invested funds to any other person(s) or entity(ies), including foreign entities (Intermediaries) with the understanding that the intermediary shall:
a) directly or indirectly lend or invest in other persons or entities identified in any manner whatsoever by or behalf of the Company (Ultimate Beneficiaries) or
b) provide any guarantee, security or the like to or on behalf of the ultimate beneficiaries
The Company has not received any fund from any person(s) or entity(ies), including foreign entities (funding party) with the understanding (whether recorded inwriting or otherwise) that the Company shall:
a) 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
b) Provide any guarantee, security or the like on behalf of the ultimate beneficiaries
viii. Undisclosed Income
There is no income surrendered or disclosed as income during the current or previous year in the tax assessments under the Income Tax Act 1961, that has not been recorded in the books of account.
ix. Details of Crypto currency or virtual currency
The Company has not traded or invested in crypto currency or virtual currency during the current or previous year.
x. Valuation of PP&E, intangible asset and investment property
The Company has not revalued its property, plant and equipment (including right -of-use-assets) or intangible assets or both during the current or previous year.
31. Foreign Exchange Transactions - NIL
32. Corporate Social Responsibility
As per Section 135 of the Companies Act, 2013, a company, meeting the applicability threshold, needs to spend at least 2% of its average net profit for the immediately preceding three financial years on corporate social responsibility (CSR) activities. The areas for CSR activities are eradication of hunger and malnutrition, promoting education, art and culture, healthcare, destitute care and rehabilitation, environment sustainability, disaster relief, COVID-19 relief and rural development projects. During the Financial Year there was no requirement to make any payment towards CSR.
33. Previous year’s figures have been regrouped / reclassified wherever necessary to correspond with the current year’s classification/ disclosure.
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