L Provision, Contingent liabilities and contingent assets
Provisions involving substantial degree of estimation in measurement are recognized when there is a present obligation as a result of past event and it is probable that there will be an outflow of resources. Contingent liabilities are not recognized but the same is disclosed in the financial statements. Contingent assets are neither recognized nor disclosed in the financial statements. _
M. Applicability of AS-18
In accordance with the requirements of Accounting Standered-18 (AS-18) "Related Party Transaction "issued by the Institute of Chartered Accountants of India, the following Persons are considered as related nartv--
N. Foreign Currency Transaction
There are no such foreign currency transactions during the year.
O. C/F Value of Import Raw Materials: NIL '
P. Expenditure in Foreign Currency: NIL
Q. Earning per Share: The Earning Per Share (AS-20) has been computed as under:
(a) Profit after tax Rs 66.11/-
(b) Equity Share (In Number) No.126.38
(c) Nominal value of share Rs. 10 per share
(d) EPS Rs. 0.52/-
For, Rajesh J. Shah & Associates. For And On Behalf Of The Board
Chartered Accountants FRN No:-108407W
?|is i f.,
° ,; Chirag C. Valani Hetalben C. Valani
Rajesh J. Shah b / (Managing Director) (Whole Time Director)
(Partner) ,, DIN: 06605257 DIN: 06605369
Mem. No.: 040268
UDIN: 240402688KHJRD6116
Place: Ahmedabad Mayur S. Sharma Keyuri Jinesh Shah
Date:30.05.2024 (CFO) (Company Secretary)
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