9. Contingent Liabilities And Provisions
Contingent liabilities are appropriately disclosed unless the possibility of an outflow of resources embodying economic benefits is remote.
Provisions are recognized when there is a present obligation as a result of past event and 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.
10. Foreign Currency Transactions / Translations
There is no Foreign Currency Transactions during the current financial year.
11. Earnings Per Share
In arriving at the EPS, the company’s net profit after tax is divided by the weighted average number of equity shares outstanding on the last day of the reporting period. The EPS thus arrived at is known as ‘Basic EPS’ To arrive at the diluted EPS, the net profit after tax, referred above, is divided by the weighted average number of equity shares, as computed below and the weighted average number of equity shares that could have been issued on conversion of shares having potential dilutive effect subject to the terms of issue of those potential shares.
B NOTES OF ACCOUNTS:
1 Balance under sundry debtors, other current assets, sundry creditors, and loans & advances are subject to confirmation and reconciliation if any.
2 In opinion of the management, Current Assets, Loans and Advances have the value at which they are stated in the Balance Sheet if realized in the ordinary course of the business and provisions for all known liabilities are adequate and not in excess of the amount reasonably necessary.
3 The figure of the previous year has been regrouped wherever considered necessary to confirm to current year’s presentation. The figures have been rounded off to the nearest rupee.
6. Taxes On Income
During the year Rs 4,20,66,551.25/-has been provided as provision for Current tax and Rs 14,53,580.94/- as provision for Deferred Tax Liability.
7. Earnings Per Share (EPS)
For the information relevant for AS-20, the calculation of the Basic and Diluted Earnings Per share is based on the following data:
FOR SHYAM S GUPTA & ASSOCIATES Sd/- Sd/-
Chartered Accountants ANIL KUMAR SABARWA TEJASWINISABARWAL
FRN NO. 007309C Managing Director Whole Time Director
00646133 09088283
Sd/-
SHYAM GUPTA PARTNER
M. No.: 075255 Sd/- Sd/-
Place:Indore Ram Krishna Sharma Jayesh Jain
Date: 30/05/2024 Chief Financial Officer Company Secretory
UDIN :24075255BKAVIR3379
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