(m) Provisions and contingent liabilities
A provision is recognized if as a result of a past event, the company has a present obligation
(legal or constructive) that can be estimated reliably and it is probable that an outflow of
economic benefits will be required to settle the obligation. Provisions are recognized at the
best estimate of the expenditure required to settle the present obligation at the balance sheet
date. If the effect of time value of money is material, provisions are discounted using a current
pre tax rate that reflects, when appropriate the risks specific to the liability.
A contingent liability exists when there is a possible but not probable obligation, or a present
obligation that may, but probably will not, require an outflow of resources, or a present
obligation whose amount cannot be estimated reliably. Contingent liabilities do not warrant
provisions but are disclosed unless the possibility of outflow of resources is remote.
(n) Dividends
Dividend proposed (including income tax thereon) is recognized in the period in which
interim dividends are approved by the Board of Directors or in respect of final dividend when
approved by shareholders.
(o) Borrowing cost
Borrowing costs that are directly attributable to the acquisition or construction of qualifying
assets are capitalized as part of the cost of such assets. A qualifying asset is one that necessarily
takes substantial period of time to get ready for its intended use. All other borrowing costs are
charged to the Statement of Profit and Loss for the period for which they are incurred.
(p) Use of Estimates and Critical accounting Judgements
The preparation of Financial Statements is in conformity with generally accepted accounting
principles which requires management to make estimates and assumptions.
The estimates and the associated assumptions are based on historical experience, opinions of
experts and other factors that are considered to be relevant. Actual results may differ from
these estimates.
Significant judgements and estimates are made relating to impairment of Property, Plant and
Equipments, recognition of provisions and exposure of contingent liabilities relating to
pending litigations or other outstanding claims etc.
(q) Recent Indian Accounting Standards (Ind AS)
Ministry of Corporate Affairs ("MCA") notifies new Standards or amendments to the existing
Standards under Companies (Indian Accounting Standards) Rules as issued from time to time.
For the year ended March 31,2025, MCA has notified Ind AS-117 "Insurance Contracts" and
amendments to Ind AS-116 "Leases" relating to sale and leaseback transactions, applicable to
the Company w.e.f April 1,2024. The Company has reviewed the new pronouncements and
based on its evaluation has determined that it does not have any significant impact in its
financial statements.
b) Fair Value Hierarchy
The Company determines the fair value of its financial instruments on the basis of the following hierarchy:
Level 1: The fair value of financial instruments that are quoted in active markets are determined on the basis of quoted price for
identical assets or liabilities.
Level 2: The fair value of financial instruments that are not traded in an active market are determined using valuation techniques
based on observable market data.
Level 3: The fair value of financial instruments that are measured on the basis of entity specific valuations using inputs that are
not based on observable market data (unobservable inputs). Fair value of investment in unquoted equity shares is determined
using discounted cash flow technique.
The carrying amounts of all financial instruments are considered to be the same as their fair values.
c) Financial Risk Management
In the course of its business, the Company is exposed to a number of financial risks: credit risk, liquidity risk etc. This note
presents the Company's objectives, policies and processes for managing its financial risk and capital.
i) Credit Risk
Credit risk is the risk of financial loss to the Company if a customer or counterparty to a financial instrument fails to meet its
contractual obligations, and arises principally from the Company's receivables from customers.
Trade and other receivables
The Company's Trade Receivables are largely from Financing operations. The Company's exposure to credit risk is influenced
mainly by the individual characteristics of each customer.
The Company manages credit risk through credit approvals and continuously monitoring the creditworthiness of customers to
which the Company grants credit terms in the normal course of business.
ii) Liquidity Risk
Liquidity risk refers to risk that the Company may encounter difficulties in meeting its obligations associated with financial
liabilities that are settled in cash or other financial assets. The Company regularly monitors the rolling forecasts to ensure that
sufficient liquidity is maintained on an ongoing basis to meet operational needs. The Company manages the liquidity risk by
planning the investments in a manner such that the desired quantum of funds could be made available to meet any of the business
requirements within a reasonable period of time.
30 The Company does not have any borrowings from Banks and Financial Institutions at the balance sheet date.
31 The Company does not own any Immovable Property (other than properties where the company is the lessee and the lease
agreements are duly executed in favour of the lessee).
32 The Company has not revalued its property/Plant/Equipment during the year.
33 During the Year, No Loans or Advances in the nature of loans are granted to promoters, directors, KMPs and the related
parties (as defined under the Companies Act 2013), either severally or jointly with any other person, that are repayable on
demand or without specifying and terms or period of repayment.
34 The Company does not hold any benami property under the Benami Transactions (Prohibition) Act, 1988 (45 of 1988) and the
Rules made thereunder.
35 The Company does not have any borrowings from Banks/Financial Institutions on the basis of security of current assets.
36 The Company has not been declared wilful defaulter by any Bank/Financial Institution/other lender.
37 The Company does not have any transaction with companies struck off under Section 248 of Companies Act, 2013/ Section
560 of Companies Act 1956.
38 The Company does not have any borrowings from Banks/Financial Institutions for which charges/ satisfaction are to be
registered with the Registrar of Companies.
39 The Company does not have any layers prescribed under Clause (87) of Section 2 of the Act, read with Companies (Restriction
on number of Layers) Rules, 2017.
40 No Scheme of Arrangements has been approved by the competent authority in terms of Section 230 to 237 of Companies Act,
2013.
41 The Company has not advanced/loaned/invested funds(either borrowed funds or share premium or any other sources or
kind of funds) to any other person(s) or entity(ies) including foreign entities (intermediaries) with understanding (whether
recorded in writing or otherwise) that the intermediary shall
i. Directly or indirectly lend or invest in other persons or entities identified in any other matter whatsoever by or on behalf
of the company (Ultimate Beneficiaries) or
ii. Provide any guarantee or security or the like to or on behalf of the Ultimate Beneficiaries.
42 The Company has not received any fund from any person(s) or entity(ies), including foreign entities (Funding Party) with
the understanding (whether recorded in writing or otherwise) that the Company shall
i. Directly or indirectly lend or invest in other persons or entities identified in any matter whatsoever by or on behalf of
Funding Party (Ultimate Beneficiaries) or
ii. Provide any guarantee, security or the like on behalf of Ultimate Beneficiaries.
43 The Company does not have any transaction not recorded in the books of accounts that has been surrendered or disclosed as
income during the year, in the tax assessments under the Income Tax Act, 1961.
44 The company has not traded or invested in Crypto currency or Virtual currency during the financial year.
45 Previous Year's figures have been regrouped/ rearranged, wherever found necessary. Figures in brackets above are in respect
of previous year.
As per our report of even date attached
For V S S A & Associates For & on behalf of the Board
(Firm Registration No 012421N)
Chartered Accountants
SD/- SD/- SD/- SD/-
CA Samir Vaid Gayathri Muttur
Partner Vishal Dang Hargovind Sachdeva Nagaraj
M. No. 091309 Whole time Director Director Director
DIN:07971525 DIN: 08105319 DIN:06742638
Place: New Delhi
Dated: 20-05-2025 SD/- SD/- SD/-
Bhupendra Kaushik Vijay Gupta Anil Kumar Verma
Director CFO CEO
DIN: 07016552 PAN: ADZPG3550F PAN: ACQPV9500Q
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