b. Term/rights attached
The company has only one class of equity shares having a par value of ' 10 per share. Each holder of equity share is entitled to one vote per share. The company declares and pays dividends in Indian rupees. The dividend proposed by the Board of Directors is subject to the approval of the shareholders in the ensuing Annual General Meeting.
During the year ended 31st March, 2025, the amount of per share dividend recognised as distributions to equity shareholders was ' NIL (Previous Year ' NIL).
c. Shares held by holding/ultimate holding company and/or their subsidiaries/associates was Nil (Previous Year Nil)
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22. Contingent liabilities not provided for in respect of:
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Name of the statute
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Nature of dues
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Amount (in Lakhs)
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Period to which the amount relates
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Forum where dispute is pending
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Service Tax
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Input Service Credit
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7.00
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2007-2008
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Custom Excise & Service Tax Appellate Tribunal
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Income Tax Act
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Demand
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1639.38
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1988-1989
1992-1993
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Hon'ble High Court, Mumbai
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Any Adjustment required would be accounted for in the year in which final order will be received.
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25. Deferred Taxation:
(a) During the Year, the Company has not made any provision for income tax including Minimum Alternate Tax (MAT) on account of accumulated losses as per the Income Tax Act as well as under Companies Act.
(b) The Company has on account of substantial unabsorbed Depreciation and Business Loss as per the Income Tax Act 1961. However, as a prudent policy, the said Deferred Tax Asset has not been recognized, which is in accordance with Ind AS 12.
26. Employee Benefit
Consequent to Ind AS 19 “Employee Benefits”, the company has reviewed and revised its accounting
policy in respect of employee benefits.
29. Disclosure under Micro, Small and Medium Enterprises Development Act, 2006:
a) The principal amount ' NIL (Previous Year NIL) and the interest due thereon is NIL (Previous Year NIL) remaining unpaid to any supplier at the end of each accounting year 2024-25.
b) The amount of interest paid by the buyer in terms of section 16 of the Micro, Small and Medium Enterprises Development Act, 2006, along with the amount of the payment made to the supplier beyond the appointed day during each accounting year.
c) The amount of Interest due and payable for the period of delay in making payment but without adding the interest specified under the Micro, Small and Medium Enterprises Development Act, 2006
d) The amount of Interest accrued and remaining unpaid at the end of each accounting year Nil
e) The amount of further interest remaining due and payable even in the succeeding years until such date when the interest dues above are actually paid to the small enterprise, for the purpose of disallowance of a deductible expenditure under section 23 of the Micro, Small and Medium Enterprises Development Act, 2006 is Nil
The above information and that given in note no.12 & 14 -“Trade Payables” regarding Micro and Small Enterprises has been determined to the extent such parties have been identified on the basis of available with the company. This has been relied upon by the auditors.
30. The Company has re - assessed the useful life of assets for the purpose of determination of depreciation in the manner prescribed under Schedule II of the Companies Act, 2013.
31. Capital Management Policy
For the Company's capital management, capital includes issued equity capital, share premium and all other equity reserves attributable to the equity holders of the Company. The primary objective of the Company's capital management is to maximize the shareholder value. The Company manages its capital structure and makes adjustments in light of changes in economic conditions and the requirements of the financial covenants. To maintain or adjust the capital structure, the Company may adjust the dividend payment to shareholders, return capital to shareholders or issue new shares. The Company monitors capital using a gearing ratio, which is net debt divided by total capital plus net debt.
32 The accounts are prepared on a going concern basis in spite of negative net worth, pending appeal in respect of refund of indirect taxes.
33. Financial Risk Management: Disclosure of Financial Instruments by categoryFor amortized cost instruments, carrying value represents the best estimate of fair value.Types of Risk and its management
The Group's activities expose it to market risk, liquidity risk and credit risk. The Board of Directors has overall responsibility for the establishment and oversight of the Group's risk management framework. This note explains the sources of risk which the entity is exposed to and how the entity manages the risk and the related impact in the financial statements.
a. Credit Risk
The Company measures the expected credit loss of trade receivables based on historical trends, industry practices and the business environment in which the entity operates. Expected Credit Loss is based on actual credit loss experienced and past trends based on historical data.
b. Liquidity Risk
Liquidity risk is the risk that the Group will encounter difficulty in meeting the obligations associated with its financial liabilities that are settled by delivering cash or another financial asset. The Group's approach to managing liquidity is to ensure as far as possible that it will have sufficient liquidity to meet its liabilities when they are due.
Management monitors rolling forecasts of the Group's liquidity position and cash and cash equivalents on the basis of expected cash flows. The Group takes into account the liquidity of the market in which the entity operates.
c. Foreign Currency Risk
The Group has international transactions and is exposed to foreign exchange risk arising from foreign currency transactions. Foreign exchange risk arises from recognized assets and liabilities denominated in a currency that is not the Group's functional currency.
34. Capital and other commitments
Capital and other commitments on account of revenue as well as capital nature is ' NIL (Previous Year NIL)
35. No proceedings have been initiated during the year or are pending against the Company as at 31st March, 2025 for holding any benami property under the Benami Transactions (Prohibition) Act, 1988 (as amended in 2016) and rules made thereunder.
36. The Company has not been declared a willful defaulter by any bank or financial institution or government or any government authority.
37. There were no transactions relating to previously unrecorded income that have been surrendered or disclosed as income during the year in the tax assessments under the Income Tax Act, 1961 (43 of 1961).
38. The Board of Directors is of the opinion that none of the assets other than Property, Plant and Equipment, Intangible Assets and non-current investments have realizable value less than their carrying amount in the ordinary course of business.
39. No funds have been advanced or loaned or invested by the company to any intermediary and no funds have been received by the company to act as intermediary.
40. Relationship with Struck off Companies is Nil (Previous Year Nil)
41. Ratios: The following are analytical ratios for the year ended 31st March 2025 and 31st March, 2024
42. The company has not traded or not invested in Crypto currency or Virtual currency during the financial year.
43. Title deeds of all the immovable properties are held in the name of the company.
44. During the year the Company has not availed any borrowing from banks or financial institutions.
45. There are no charges or satisfaction of charges which is yet to be registered with the Registrar of Companies beyond the statutory period.
46. The Company has complied with Companies (Restriction of Number of Layers) Rules, 2017, and there are no downstream companies beyond the specified layers.
47. The Company has not been sanctioned with working capital limits in excess of ' 5 crore, in aggregate, at any points of time during the year
48. The Company has not taken any funds from any entity or person on account of or to meet the obligations of its subsidiaries, associates or joint ventures.
49. Earnings & Expenditure in Foreign Currency (accrual basis): - Expenses: ' NIL (Previous Year ' NIL)
50. The Balance in Debtors, Creditors, few Bank Accounts balances and Advances accounts are subject to confirmation and reconciliation, if any. However, as per management opinion no material impact on financial statements out of such reconciliation is anticipated.
51. The Company has used accounting software for maintaining its books of account for the financial year ended March 31,2025 which has a feature of recording audit trail (edit log) facility and the same has operated throughout the year for all relevant transactions recorded in the software. Further the audit trail feature was not tempered with at any point of time.
52. Subsequent events
There is not any subsequent event reported after the date of financial statements.
53. Regrouping of Previous Year Figures.
The company has regrouped / rearranged and reclassified previous year's figures to conform to current year's classification.
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