P.N.: Deferred tax is measured based on the tax rates and the tax laws enacted by the Finance Act, 2025 @22% and education cess/health and education cess @4% payable on taxable profits under the Income Tax Act, 1961.
13) Related Parties Disclosure
1) Name of related parties and nature of relationships under Ind AS 24 and Companies Act, 2013
--AalpsInfraspace LLP, of which the Company is partner in profit/loss at 19%
The figures of the previous years have been regrouped/rearranged wherever necessary. The figures of the previous years are given in brackets. The Company has compiled the above accounts based on the revised/Modified schedule-III applicable for the accounting period 202425. The disclosure requirements are made in notes to accounts or by way
of additional statements. The other disclosures as required by the Companies Act are made in the notes to accounts.
15) Financial Instruments and Related Disclosures I. Capital Management
The Company does not have borrowing and aims at maintaining a strong capital base so as to maintain adequate supply of funds towards future growth plans as a going concern.
The carrying amounts of trade payables, other financial liabilities, cash and cash equivalents, other bank balances, trade receivables and other financial assets are considered to be the same as their fair values due to their short term nature.
Fair value in Mutual Funds has been considered as Level 1 as Hierarchy for the same are based on unadjusted prices in active market.
III. Expected Credit Loss
The company has receivable balances on commercial trades, which are generally short term in nature. Further, financial instruments such as mutual funds and tax free bonds are made in high quality
papers/counterparties. Accordingly, the Company has concluded that no provision for expected credit loss is required.
IV. Financial Risk Management
There are no significant market risk or liquidity risk to which the Company is exposed.
16) The financial statements were approved for issue by the Board of Directors on 24th April, 2025.
The reasons for change in key ratios exceeding 25% as compared to preceding year was due to higher current assets on liquidity, increase in profit, management services rendered during the year, increase in debt, income increase from investment and reversal of MAT Credit.
18) Undisclosed Income:
The management informs that there were no transactions which were not recorded in the books of account which have been surrendered or disclosed as income during the year in the tax assessments under the Income-tax Act, 1961.
19) Spent amount on Corporate Social Responsibility:
The management of the Company is of the opinion that based on financials of the Company, it is not required to spend fund as prescribed under the provisions of Sec.135 of the Companies Act, 2013.
20) Details of Crypto currency or virtual currency
As the Company has not traded nor invested in Crypto currency or Virtual Currency during the year, hence no information relevant thereto is furnished.
21) Wilful Defaulter List
As per the extant information made available by the management of the Company, the Company is not listed under Wilful Defaulter List by Reserve Bank of India.
22) Relationship with Struck Off Companies
The Company has not entered into any transaction with Companies whose name are struck off as per the records of RoC, hence no information is reported thereof.
23) Proceedings for Benami Property Held
The management of the Company informs that no proceedings have been initiated or are pending against the Company for holding any benami property under the Benami Transactions (Prohibition) Act, 1988 (45 of 1988) and rules made thereunder, hence no information is furnished hereunder.
24) The Company does not have any charges or satisfaction which is yet to be registered with the Registrar of Companies (ROC) beyond the statutory period.
25) The Company has compiled with the number of layers prescribed under clause (87) of section 2 of the Companies Act 2013 read with Companies (Restrictions on number of Layers) Rules, 2017.
26) The company has not advanced or loaned or invested funds to any other person(s) or entity(ies), including foreign entities(intermediaries), with the understanding that the intermediary shall;
- Directly or indirectly lend or invest in other persons or entities identified in any manner whatsoever by or on behalf of the Company (Ultimate Beneficiaries), or
- Provide any guarantee, security or the like to or on behalf of the Ultimate Beneficiaries.
27) The Company has not received any funds 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;
- Directly or indirectly lend or invest in other persons or entities identified in any manner whatsoever by or on behalf of the Funding Party (Ultimate beneficiaries), or
- Provide any guarantee, security or the like to or on behalf of the Ultimate Beneficiaries.
28) As per the proviso to rule 3(1) of the Companies (Accounts) Rules, 2014 for maintaining books of account using accounting software which has a feature of recording audit trail ( Edit Log) facility is complied by the company.
29) The financial statements are prepared in INR which is the functional and presentation currency. All amounts are rounded to the nearest lacs, except when otherwise mentioned.
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