IX. Provisions, Contingent Liabilities and Contingent Assets:
Provisions are recognized when the Company has a present obligation as a result of past events and it is probable that the
outflow of resources will be required to settle the obligation and in respect of which reliable estimates can be made. A
disclosure for contingent liability is made when there is a possible obligation that may, but probably will not require an outflow
of resources. When there is a possible obligation or a present obligation in respect of which the likelihood of outflow of
resources is remote, no provision/disclosure is made. Provision and contingencies are reviewed at each balance sheet date
and adjusted to reflect the correct management estimates. Contingent assets are not recognized but are disclosed separately
in financial statements.
X. Employees Benefits:
Liability for gratuity and leave encashment is being provided based upon the certificate of Actuary at the end of the year.
XI. Financial Instruments:
A financial instrument is any contract that gives rise to a financial asset of one entity and a financial liability or equity
instrument of another entity.
Financial assets
Financial assets include cash and cash equivalents, trade and other receivables, investments in securities and other eligible
current and non-current assets.
At initial recognition, all financial assets are measured at fair value. Such financial assets are subsequently classified under
one of the following three categories according to the purpose for which they are held. The classification is reviewed at the end
of each reporting period.
Financial Assets at Amortized Cost: - At the date of initial recognition, financial assets are held to collect contractual cash
flows of principal and interest on principal amount outstanding on specified dates. These financial assets are intended to be held
until maturity. Therefore, they are subsequently measured at amortized cost by applying the Effective Interest Rate (EIR) method
to the gross carrying amount of the financial asset. The EIR amortization is included as interest income in the profit or loss. The
losses arising from impairment are recognized in the profit or loss.
Financial Assets at Fair value through Other Comprehensive Income: - At the date of initial recognition, financial assets
are held to collect contractual cash flows of principal and interest on principal amount outstanding on specified dates, as well
as held for selling. Therefore, they are subsequently measured at each reporting date at fair value, with all fair value
movements recognized in Other Comprehensive Income (OCI). Interest income calculated using the effective interest rate
(EIR) method, impairment gain or loss and foreign exchange gain or loss are recognized in the Statement of Profit and Loss.
On de-recognition of the asset, cumulative gain or loss previously recognized in Other Comprehensive Income is reclassified
from the OCI to Statement of Profit and Loss.
Financial Assets at Fair value through Profit or Loss: - At the date of initial recognition, financial assets are held for trading, or
which are measured neither at Amortized Cost nor at Fair Value through OCI. Therefore, they are subsequently measured at each
reporting date at fair value, with all fair value movements recognized in the Statement of Profit and Loss.
The Company derecognizes a financial asset when the contractual rights to the cash flows from the financial asset expire or it
transfers the financial asset and the transfer qualifies for De recognition under Ind AS 109.
Financial Liabilities
Financial liabilities include long-term and short-term loans and borrowings, trade and other payables and other eligible current
and non-current liabilities.
All financial liabilities are recognized initially at fair value and, in the case of loans and borrowings and other payables, net of
directly attributable transaction costs. After ini ignition, financial liabilities are classified under one of the following two
categories
Financial Liabilities at Amortized Cost After initial recognition, such financial liabilities are subsequently
measured at amortized cost by applying the Effective Interest Rate (EIR) method to the gross carrying amount of the
financial liability. The EIR amortization is included in finance expense in the profit or loss.
Financial liabilities at Fair Value through Profit or Loss - which are designated as such on initial recognition, or which
are held for trading. Fair value gains/ losses attributable to changes in own credit risk is recognized in OCI. These gains/
loss are not subsequently transferred to Statement of Profit and Loss. All other changes in fair value of such liabilities
are recognized in the Statement of Profit and Loss.
The Company recognizes a financial liability when the obligation specified in the contract is discharged, cancelled
or expires.
Note:2- Notes to Accounts
VI. Segment Reporting (Ind-AS-108)
The identification of Business segment is done in accordance with the system adopted for internal financial reporting to
the board of directors and management structure. The company deals only in Pharmaceutical product which in the
context of Ind-AS 108 is considered the only primary business segment. Hence no segmental reporting is required.
X. Dividend to Shareholders
Annual dividend distribution to the shareholders is recognized as a liability in the period in which the dividends are
approved by the shareholders. Any interim dividend paid is recognized on approval by Board of Directors. Dividend
payable and corresponding tax on dividend distribution is recognized directly in equity.
XI. Terms/Rights attached to equity shares
The company has only one class of equity shares with voting rights having a par value of Rs. 10 per share. The company
declares & pays dividend in Indian Rupees. Any interim dividend paid is recognized on the approval by Board of Directors.
During the year ended 31st March 2025, the amount of dividend per equity share recognized as distribution to equity
shareholders s Nil (Pr. Year Nil), which includes interim dividend of Nil (Pr. Year Nil) per equity share,
In the event of liquidation of the company, the holders of equity shares will be entitled to receive remaining assets of
the company, after distribution of all preferential amounts. The distribution will be in proportion to the numbers of
equity shares held by shareholders.
The reason for variance
($) Due to significant increase in the value of closing stock.
(#) Due to increase in trade payables during the year.
(@) Due to increase in working capital at the year end.
XVII. Previous year's figures have been regrouped/rearranged wherever necessary to make
them comparable with current year figures.
For Rajiv Udai & Associates For and on behalf of Board of Directors
Chartered Accountants
Firm Registration No. 018764N
Sd/- Sd/-
Brij Raj Gupta Pooja Jha
Sd/- (Director) (Director)
Rajeev Jain DIN No. 00974969 DIN No. 10749145
Partner
M.No.099767
UDIN:25099767BMIVFZ6120
Sd/- Sd/-
Place: Delhi Pooja Pandey Priyanka Sharma
Date: 26-05-2025 (Chief Financial Officer) (Company Secretary)
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