(a) Rights, Preferences and Restrictions attached to equity shares :
• Right to receive dividend as may be approved by the Board of Directors / Annual General Meeting.
• The equity shares are not repayable except in the case of a buy back, reduction of capital or winding up in terms of the provisions of the Companies Act, 2013.
• Every member of the company holding equity shares has a right to attend the General Meeting of the Company and has a right to speak and on a show of hands, has one vote if he is present in person and on a poll shall have the right to vote in proportion to his share of the paid-up capital of the company.
(b) During the year ended March 31,2025, the company has issued 28,60,000 equity shares of ^10 each at a premium of ^25 each by way of Initial public offer ("IPO").
(c) Reconciliation of the number of shares outstanding at the beginning and at the end of the year:
B. DEFINED BENEFIT OBLIGATION 1) Gratuity
The gratuity benefit payable to the employees of the Company is as per the provisions of the Payment of Gratuity Act, 1972, as amended. Under the gratuity plan, every employee who has completed at least 5 years of service gets gratuity on separation or at the time of superannuation calculated for equivalent to 15 days salary for each completed year of service calculated on last drawn basic salary.The Company does not have a funded plan for gratuity liability. The Company has recognised gratuity liabilty based on actuarial valuation report for the current year.
Note 30: The calculation of basic & diluted earnings per share is based on the earnings and number of shares as computed below:
The gratuity benefit payable to the employees of the Company is as per the provisions of the Payment of Gratuity Act, 1972, as amended. Under the gratuity plan, every employee who has completed at least 5 years of service gets gratuity on separation or at the time of superannuation calculated for equivalent to 15 days salary for each completed year of service calculated on last drawn basic salary.The Company does not have a funded plan for gratuity liability. The Company has recognised gratuity liabilty based on actuarial valuation report for the current year.
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Note 38: Contingent Liabilities & Commitments
Amount in Lakhs
|
|
Particulars
|
As at March 31st, 2025
|
As at March 31st, 2024
|
|
I. Contingent Liabilities
|
|
|
|
(a) claims against the company not acknowledged as debt;
|
-
|
-
|
|
(b) guarantees excluding financial guarantees; and
|
-
|
-
|
|
(c) other money for which the company is contingently liable.*
|
51.48
|
41.32
|
| |
|
|
|
II. Commitments-
|
|
|
|
(a) estimated amount of contracts remaining to be executed on capital account and not provided for
|
-
|
-
|
|
(b) uncalled liability on shares and other investments partly paid
|
-
|
-
|
|
(c) other commitments
|
36.64
|
-
|
|
*Note:
1. Income Tax Demand Order for A.Y. 2023-24 u/s 143(1)(a) is made on the company on April 17th, 2025. The amount involved is ^ 4.87 Lakhs. The management is in process of filing rectification/appeal against the same.
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2. The GST Department has raised a demand of 4 0.50 Lakhs vide demand ID ZD090421006349J dated August 8th, 2021 against which company has filed an appeal to the apellate authority.
3. The GST Department has raised a demand of 4:19.43 Lakhs vide demand ID ZD091223607684B dated December 28th, 2023 against which company has filed an appeal to the apellate authority.
4. The GST Department has raised a demand of 4 12.66 Lakhs vide demand ID ZD0904244835252 dated April 30th, 2024 against which company has filed an appeal to the apellate authority.
5. The GST Department has raised a demand of 4 5.82 Lakhs vide demand ID ZD0901252548942 dated January 30th, 2024 against which company has filed an appeal to the apellate authority.
6. The GST Department has raised a demand of 4 6.29 Lakhs vide demand ID ZD090225382215D dated February 27th, 2025. The management is in process of filing rectification/appeal against the same.
7. The company has TDS demand orders ammounting to 4 1,90,680. The management is in process of filing rectification/ appeal against the same.
Note: 39 Additional Regulatory Information as per Para Y of Schedule III to Companies Act, 2013:
i. The Company does not have any immovable property (other than properties where the Company is the lessee and the lease agreements are duly executed in favour of the lessee) whose title deeds are not held in the name of the company.
ii. The Company has not revalued its Property, Plant and Equipment.
iii. "The Company has not granted loans or advances in the nature of loans are granted to promoters, Directors, KMPs and the related parties (as defined under Companies Act, 2013,) either severally or jointly with any other person, that are:
(a) repayable on demand or
(b) without specifying any terms or period of repayment"
iv. The Company does not have any capital work-in-progress.
v. No proceedings have been initiated or pending against the company for holding any benami property under the Benami Transactions (Prohibition) Act, 1988 (45 of 1988) and the rules made thereunder.
vi. The Company has borrowings from banks or financial institutions on the basis of security of current assets and quarterly returns or statements of current assets filed by the Company with banks or financial institutions are in agreement with the books of accounts except as below:
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Note 39: Contingent Liabilities & Commitments (contd.)
|
|
Quar-
|
Name of
|
Partic-
|
"Amount
|
"Amount as
|
"Amount
|
Reason for material discrepan-
|
|
ter
|
Bank
|
ulars of
|
as per
|
reported in
|
of differ-
|
cies
|
| |
|
Securi-
|
Books of
|
the quarterly
|
ence
|
|
| |
|
ties Pro-
|
Account
|
return/ state-
|
(^ in
|
|
| |
|
vided
|
(^ in
|
ment
|
Lakhs)"
|
|
| |
|
|
Lakhs)"
|
(^ in Lakhs)"
|
|
|
|
Q4
|
HDFC Bank
|
Stock
|
1,876.14
|
1,580.71
|
(295.43)
|
The discrepency is on account
|
| |
Limited
|
|
|
|
|
of the details being submitted on the basis of provisional books/ Financial statements. Adjustment relating to the provisions are done only on finalisation of books of accounts/ Financial
|
| |
|
Book
|
1,264.49
|
1,115.25
|
(149.24)
|
| |
|
Debts
|
|
|
|
statements.
|
|
(Note: The company has not submitted stock and book debts statement of Q1 and Q2 as it was not required by bank)
|
vii. The company is not declared as wilful defaulter by any bank or financial institution or other lender.
viii. The company does not have any transactions with companies struck off under section 248 of the Companies Act, 2013 or section 560 of Companies Act, 1956
ix. There are no charges or satisfaction yet to be registered with Registrar of Companies beyond the statutory period.
x. The company does not have any investments and hence, compliance with the number of layers prescribed under clause (87) of section 2 of the Act read with Companies (Restriction on number of Layers) Rules, 2017 is not applicable.
xi. Significant Accounting Ratios:
Reasons for Variation more than 25%:
a. Debt - Equity Ratio : Equity has increased in greater proportion on account of IPO proceeds, hence we can see a decrease in the ratio.
b. Return on Equity Ratio : Total shareholders' funds have increased on account of IPO proceeds, hence we can see a decrease in the ratio.
c. Inventory Turnover Ratio : Closing Inventory has increased in much greater proportion than sales, hence we can see a decrease in the ratio.
d. Trade Receivables Turnover Ratio : Trade receivables have increased in much greater proportion than sales, hence we can see a decrease in the ratio.
e. Trade Payables Turnover Ratio : Trade receivables have increased in much greater proportion than purchases, hence we can see a decrease in the ratio.
f. Net Capital Turnover Ratio : Working Capital has increased significantly, hence we can see a decrease in the ratio.
xii. The Company does not have any scheme of arrangements which has been approved by the Competent Authority in terms of sections 230 to 237 of the Companies Act, 2013.
xiii. A. No funds have been advanced or loaned or invested (either from borrowed funds or share premium or any other sources or kind of funds) by the Company to or in any other persons or entities, including foreign entities ("Intermediaries"), with the understanding, whether recorded in writing or otherwise, that the Intermediary shall, directly or indirectly lend or invest in other persons or entities identified in any manner whatsoever ("Ultimate Beneficiaries") by or on behalf of the Company or provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries.
B. No funds have been received by the Company from any persons or entities, including foreign entities ("Funding Parties"), 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 ("Ultimate Beneficiaries") by or on behalf of the Funding Parties or provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries.
xiv. Corporate Social Responsibility (CSR):
The Company does not have CSR obligation in the financial year ending March 31,2025 and March 31,2024.
xvi The Company has neither traded nor invested in Crypto currency or Virtual Currency during the financial year.
Note 40: Previous year's figures have been regrouped / reclassified wherever necessary to correspond with the current period's classification / disclosure.
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