Provisions. Contingent Liabilities and Contingent Assets
The company creates a provision when there is a present obligation as a result of past events and it is probable that
there will be outflow of resources and a reliable estimate of the obligation can be made of the amount of the
obligation.
Contingent liabilities are not recognised but are disclosed in the notes to the financial statements. A disclosure for a
contingent liability is made when there is a possible obligation or a present obligation that may, but probably will not,
require an outflow of resources.
Provisions are reviewed at each balance sheet date and adjusted to reflect the current best estimate. If it is no longer
probable that the outflow of resources would be required to settle the obligation, the provision is reversed.
31 Segment Reporting: During the year the company was engaged only in Investment and Financing activities and its
activities were confined to India. Hence there are no reportable segments of the company.
32 Balances under the head Trade Receivables, Loans & Advances and other liabilities are subject to confirmation from
the respective parties.
33 Impairment of Assets: The company has carried out an impairment test as per ‘Accounting Standard - 28', issued by
I.C.A.I on all the assets and no provision was required to be made towards impairment of assets for the year ending 31st
March, 2025.
34 The company has provided for its gratuity liability on accrual basis on the basis of completed years of service as
provided under the payment of Gratuity Act. However, the provisions of payment of Gratuity Act, do not apply to the
company, since the company does not employ the requisite number of employees as required under the Payment of
Gratuity Act.
35 Previous year figures have been regrouped/ recasted/ reclassified/ rearranged wherever deemed necessary to confirm
with current year's classification.
36 Current Assets, Loans & Advances are approximately of the value as stated, if realized in the ordinary course of
business. The provision for all known liabilities is adequate and is not in excess of the amount considered reasonably
necessary.
2024-25 2023-24
37 Expenditure in Foreign Currency Nil Nil
38 Earnings in Foreign Exchange Nil Nil
- FOB Value of Exports - -
39 a) The company had no transactions with companies struck off under section 248 of the Companies Act, 2013 or
section 560 of Companies Act, 1956.
b) There are no transactions which are not recorded in the books of accounts that have been surrendered or disclosed
as income during the year in the tax assessments under the Income Tax Act, 1961.
c) The Provisions of Corporate Social Responsibility under Section 135 of the Companies Act, 2013 are not applicable
to the Company for the year.
d) The Company does not holds any Benami property and there are no proceedings against the company under the
benami transaction (prohibition) Act 1988 (as amended from time to time).
e) Creation or satisfaction of charges are not pending for registration with Registrar of companies beyond the statutory
period.
f) The Company has not been declared as a wilful defaulter (as per RBI circular) by any bank or financial institution or
any other lender at any time during the financial year or after the end of the reporting period.
40 As per the RBI guidelines, Liquidity Coverage Ratio is applicable to those NBFCs whose asset size is Rs. 100 crore and
above. Since, the company's asset size is less than Rs. 100 crores, Liquidity Coverage Ratio is not applicable to the
Company.
“As per our Report of even dated attached”
For Dagliya & Co; For Gowra Leasing & Finance Limited
Chartered Accountants
Firm registration No.00671S Sd/- Sd/-
Sd/- (Gowra Srinivas) (Gowra Lakshmi Prasad)
Managing Director Director
(Mayank Jain) DIN : 00286986 DIN : 00268271
Partner
Membership No.225914
Sd/- Sd/-
Place: Secunderabad (Zafar Imam Khan) (A V Rama Krishna Rao)
Date: 03 May, 2025 Company Secretary CFO
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