17. NOTES ON STANDALONE FINANCIAL STATEMENTS
I. The transactions and balances in respect of Loans taken other than bank loans, Loans and advances given, from whom confirmations have been received, are reconciled.
II. In the opinion of the Board, the Current assets, Loans and Advances are approximately of the value stated, if realized in the ordinary course of business except otherwise stated. The provision for all known liabilities is adequate and not in excess of the amount considered reasonable necessary.
III. The Company has no employee in receipt of remuneration aggregating to Rs.60 Lakhs p.a. or employee for a part of the year Rs.5 Lakhs p.m.
IV. In the opinion of the Board, there is no contingent liability related to the company (PY-NIL)
V. Earnings Per Share
In accordance with Ind-AS 33 “Earning Per Share” Basic Earnings per share has been computed by dividing profit/loss for the year attributable to the Shareholders by the weighted average number of shares outstanding during the year. Diluted Earnings per share has been computed using weighted average number of shares and dilutive potential shares, except where the result would be anti-dilutive.
VI. Previous year figures have been regrouped / rearranged / reclassified wherever considered necessary to confirm to current year classification as per Schedule III of the Companies Act, 2013 and IND-AS requirements.
VII. Going Concern
As at 31st March 2025, the Company has accumulated losses of Rs.696.79 Lakhs (Previous year ended 31st March 2024 of Rs. 627.15 Lakhs) net current liabilities of Rs.5.50 Lakhs (Previous year ended 31st March 2024 of Rs.5.53 Lakhs).
Management believes that the company will be able to continue operation as a going concern and meet all its liabilities, as they fall due for payment in the foreseeable future.
Accordingly, the management is confident that the financial statement does not require any adjustment and are continued to be prepare on a going concern basis, which contemplates realisation of assets and settlement of liabilities in the normal course of business.
VIII. Disclosure requirements u/s 22 of Micro, Small and Medium Enterprises Development (MSMED) Act. 2006
The Company has certain transactions with supplier (trade & Capital) registered under Micro, Small and Medium Enterprises Development Act,2006 (MSMED Act). The disclosure pursuant to the said MSMED Act are as follows:
IX. Dividends
No dividend has been declared by the board for the current financial year.
X. Segment
The company is engaged mainly in the business of buying, selling or otherwise dealing in shares, debentures and securities of all kinds. These in the context of Ind AS 108-Operation Segment reporting are considered to constitute one reporting segment.
XI. Disclosures Related to Unsecured Loans taken by the Company to Non Related Party
The Company is taken an unsecured Loan of which outstanding balance as on 31-3-2025 was Rs 431.55 Lakhs (Previous year as on 31-3-2024 was Rs. 361.39 Lakhs) from Worldwide Holdings Ltd. (RBI Registered NBFC) at 8.75% p.a. rate of interest (Previous year 9.00%) to the decision of Board of Directors of the company. The loan is repayable on demand and to be utilized by the company for its business purpose.
Xll- Financial risk management
The company has exposure to the following risk arising from financial instruments, a. Capital management
For the purpose of the company’s capital management, capital includes issued capital and other equity. The primary objective of the company's capital management is to maximize shareholders value. The company manages its capital structure and makes adjustment in the light of changes in economic environment and requirements of the financial covenants.
The carrying amounts of trade receivables, cash and cash equivalents, other bank balances, dividend receivables, other receivables, trade payables, capital creditors, other liabilities are considered to be the same as their fair values due to the current and short-term nature of such balances.
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