The information as required to be disclosed under the Micro, Small and Medium Enterprises Development Act, 2006 has been determined to the extent such parties have been identified on the basis of information available with the company, regarding the status of registration of such vendor under the said Act, as per the intimation received from them on the request made by the Company.
H. Employee Benefits
The requisite disclosures pertaining to Employees Benefits are as under.
Defined Contributions:
Payments and Provisions for employees include Rs. 12.82 (Previous Year Rs.9.18 lakhs) recognised as expenses in respect of defined contribution plans.
Defined Benefit Plans:
Gratuity - Gratuity is payable to all the eligible employees of the Company on resignation, death, Permanent disablements in terms of the Payment of Gratuity Act,1972
Leave Encashment:
Entitlement of annual leave is recognised when they accrue to employees. Annual leave can either be availed or encashed subject to a restriction on the maximum number of accumulation of leaves.
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I. CONTINGENT LIABILITIES:
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Rs in Lakhs
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|
Sl. No.
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Particulars
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31.03.2024
|
31.03,2023
|
|
1.
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On account of Bank Guarantee
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21.00
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21.00
|
|
2.
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Claims against the company/ disputed liabilities not acknowledged as debts:
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|
|
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(a) In respect of Advance Licence Customs Demand
|
16.30
|
16.30
|
| |
raised for the year 2000-01 and Appeal pending with CESTAT, Mumbai
|
|
|
| |
(b) In respect of Service Tax on Director's Remuneration
|
3.98
|
3.98
|
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Demand raised for the period from 01.07.12 to 31.10.14 and Appeal pending with CESTAT, MUMBAI
|
|
3.
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Relating to claim of a third party in which the company was made a party.
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9.00
|
9.00
|
| |
Total
|
50.28
|
50.28
|
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J. Particulars of Sales, Closing and Opening Inventory
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|
|
| |
|
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Rs in Lakhs
|
| |
Sales Value
|
Closing Inventory
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Opening Inventory
|
| |
2023-24 2022-23
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31.03.2024
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31.03.2023
|
|
Manufacturing Bulk 15671.19 15916.48
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1099.38
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698.11
|
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Drugs
|
|
|
|
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Trading Raw - 46.00 Materials
|
-
|
-
|
| |
15671.19 15962.48
|
1099.38
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698.11
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M. Corporate Social Responsibility: The company has incurred an expenses of Rs. 11.79 lakhs on CSR obligation (PY Rs. 10.01 lakhs). During the year ended March 31,2024 the CSR Expenditure was incurred for supporting other government institutions and community support to villages in the neighbourhood to our factory.
N. Value of Imports calculated of CIF basis in respect of Raw Materials: Rs. 9225.90 Lakhs (Previous Year Rs. 9620.06 Laksh)
O. Expenses in Foreign Exchange - Towards Travelling Rs. 39.45 Lakhs (Previous Year Rs. 10.37 Lakhs)
P. Foreign Currency exposure that are not hedged by derivative or forward contract as on the last day of the year: Rs. 4387.35 (Previous Year Rs. 4274.28 Lakhs)
Q. Earnings in Foreign Exchange: Exports on FOB basis: Rs. 241.42 Lakhs (Previous Year - Rs.68.04 Lakhs)
R. CWIP Ageing Schedule:
Note 1 The variance is on account of improved profitability
Note 2 The variance is on account of decrease in average inventory levels.
V Previous year's figures have been regrouped / reclassified wherever necessary to conform with the current year's presentation.
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