xii) Provisions, Contingent Liabilities & Contingemt Assets
A provision is recognised when an enterprise has a present obligation as result of past event. It is probable that an outflow of
resources will be required to settle the obligation, in respect of which a reliable estimate can be made. Provisions are not
discounted to its present value and are determined based on best estimates require to settle the obligation at the balance sheet
date. These are reviewed at each balance sheet date and adjusted to reflect the best current estimates.
Contingent Liability is disclosed by way of a note to the financial statements after careful evaluation by the management of the
facts and legal aspects of the matters involved.
Contingent Assets are neither recognised nor disclosed.
xiii) Foreign Currency Transctions
- Initial recognition:
Foreign currency transactions are recorded at the exchange rates prevailing on the date of transaction.
- Conversion:
Foreign currency monetary items are retranslated using the exchange rate prevailing at the reporting date.
xiv) Investement in Subsidiary
Investments which are readily realisable and intended to be held for not more than a year from the date on which such
investments are made, are classified as current investments. All other investments are classified as non current investments.
On initial recognition, all investments are measured at cost. The cost comprises purchase price and directly atributabe acquisition
charges such as brokerage, fees & duties.
Long term investments prescribed in the financial satements are caried at cost and current investment at lower of cost and fair
value.
On disposal of an investment, the difference between carrying amount and net disposall proceeds is charged/credited to the
statement of proit & loss.
xv) Earning Per Share
Basic earnings per share are calculated by dividing the net profit and loss for the period attributable to equity shareholders by the
weighted average number of equity shares outstanding during the period. Partly paid equity shares are treated as a fraction of any
equity share to the extent that they were entitled to participate in dividends relative to a fully paid equity share during the
reporting period.
For the purpose of calculating diluted earnings per share, the net profit or loss for the period attributable to equity shareholders
and the weighted average number of shares outstanding during the period are adjusted for the effects of all dilutive potential
equity shares.
xiv) Cash and Cash Equivalent
Cash and cash equivalents for the purpose of cash flow statement comprise cash at bank and in hand and short term investments
with original maturity of three months or less.
54
Previous's Year Figures have been regrouped/reclassified wherever necessary to correspond with the current year's dassification/disdosure.
55 Corporate Social Responsibility
Average Net Profit of the Company as per Section 135(5) of the Companies Act, 2013 is Rs 5,95,68,397/- and Two percent of average net
profit of the company as per Section 135(5) of the Companies Act, 2013 is Rs 11,91,368/- and Rs 12,00,000/- has been spent towards the
same.
56 The company has obtained the declaration from Directors stating therein that the amount so advanced to the company has not been given out
of the funds borrowed/acquired from others by them.
57 The Securities and Exchange Board oflndia (SEBI) has issued an interim order against the Company and its promoters, restraining them from
buying, selling, or otherwise dealing in the securities market, and from associating themselves—directly or indirectly—with the securities
market in any manner whatsoever, until further orders.
As Per Our Report of Even Date For and behalf of the Board of Directors of
FOR YOGESH J WALAVALKAR & CO.
Chartered Accountants SYNOPTICS TECHNOLOGIES LIMITED
Firm Regd. No. 132628W
CA YOGESH J WALAVALKAR (Jatin J. Shah) (Jagmohan M Shah)
M.NO.:140680 Managing Director Director
(PROPRIETOR) DIN : 02329469 DIN : 02329506
Place : Mumbai
Date :29/05/2025 Srushti Trivedi
CompanySecretary
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