k Provisions, Contingent liabilities and Contingent assets
A provision is recognised when the Company has a present obligation as a result of past event and it is
probable that an outflow of resources will be required to settle the obligation, in respect of which reliable
estimate can be made. Provisions (excluding retirement benefits and compensated absences) are not
discounted to its present value and are determined based on best estimate required to settle the obligation
at the balance sheet date. These are reviewed at each balance sheet date and adjusted to reflect the
l Cash and cash equivalents
The Company considers all highly liquid financial instruments, which are readily convertible into known
amount of cash that are subject to an insignificant risk of change in value and having original maturities of
three months or less from the date of purchase, to be cash equivalents.
35 Struck Off Companies
In the opinion of the management, Company has not undertaken any transactions with companies struck off under section 248 of the
Companies Act, 2013 or section 560 of Companies Act, 1956.
36 Benami Properties
In the opinion of the management Company does not hold any benami property as defined under the "Benami Transactions (Prohibition)
Act, 1988 and Rules made there under, No proceedings have been initiated or are pending against the company for holding any Benami
property under the "Benami Transactions (Prohibition) Act, 1988 and Rules made there under.
37 Compliance with approved Scheme(s) of Arrangements
The provisions of sections 230 to 237 of The Companies Act 2013,"Scheme of arrangement approved by the Competent Authority' are not
applicable on company.
38 Financial Ratios
Refer Annexure 1 attached to the financial statements.
39 Wilful Defaulter
The company does not appear in the list of willful defaulter by any bank or financial institution or other lender.
40 Regrouping
Figures of the previous year have been reworked, regrouped, rearranged and reclassified wherever necessary, to make them
comparable with the current year figures.
For AJAY KUMAR VIJAYVERGIA & ASSOCIATES For and on behalf of the Board
Chartered Accountants
Firm's Registration No. 003833C
Mahershi Vijayvergia YOGESH DHANUKA ADITYA MALPANI ANKIT SAIN
Partner Managing Director Director cum CFO Company Secretary
Membership No. 423718 01437705 06428810 A-44868
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