2.28 Intangible Assets:
Amounts directly attributable to project expenses during the financial year ended 31.03.2024 have been considered as an Intangible Asset under development owing to the Memorandum of Understanding entered into between the Company and Transcord Telscape Private Limited dated 15.10.2022.
2.29 Earnings Per Share:
Basic EPS after comprehensive income Rs. (1.57)
Diluted EPS after comprehensive income Rs. (1.57)
2.30 Taxes on Income:
Considering that the company has continuing losses, there does not arise the need to pay income tax.
2.31 Statutory Liabilities:
There were a few undisputed amounts payable in respect of Goods and Service Tax, Provident Fund, Tax Deducted at source, Income Tax and any other material statutory dues as at 31st March 2024 for period of more than six months from the date they become payable the details are as follows:
2.32 Provisions, Contingent Liabilities and Contingent Assets:
Provisions are recognised for liabilities that can be measured only by using a substantial degree of estimation, if the Company has a present obligation as a result of past event, a probable outflow of resource is expected to settle the obligation and the amount of obligation can be really estimated. Provisions, Contingent Liabilities and Contingent Assets are reviewed at each Balance sheet Date.
2.33 Previous year figures have been regrouped and rearranged wherever found necessary, to be in confirmative with current year grouping and classification.
2.34 In the opinion of the Board of Directors, the current assets, and loans and advances have the value on realization at least equal to the amount at which they are stated at the Balance Sheet and provision for all known and determined liabilities is adequate and not in excess of amount reasonably required.
2.35 Balances under Sundry Debtors, Sundry Creditors, other receivables and payables are subject to confirmation to be receivable from the parties.
2.36 The Standalone Financial Statements majorly consists of the revenue and other financial items that
have been booked at the AJEL Limited branch office ('Branch') in United States of America ( 'USA'). The financial statements of the Branch have been independently audited by Certified Public Accountants - Vijay Vedanfham & Associates based in Princeton, New Jersey, USA.
2.37 Paises are rounded off to the nearest rupee (In Lakhs).
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