2.14 Earning Per Share (AS-20)
The earnings in ascertaining the Company's EPS comprises the net profit after tax attributable to equity shareholders and includes the post-tax effect of any extraordinary items. The number of shares used in computing basic EPS is the weighted average number of shares outstanding during the year.
Diluted earnings per share is computed by dividing the profit/ (loss) after tax attributable to Equity Shareholders (including the post-tax effect of extra ordinary items, if any) as adjusted for dividend, interest and other charges to expense or income relating to the dilutive potential equity shares, by the weighted average number of equity shares which could have been issued on conversion of all dilutive potential equity shares. Potential equity shares are deemed to be dilutive only if their conversion to equity shares would decrease the net profit per share from
continuing ordinary operations. Potential dilutive equity shares are deemed to be converted as at the beginning of the period, unless they have been issued at a later date. Dilutive potential equity shares are determined independently for each period.
2.15 Taxes on income (AS-22)
Current tax is measured at the amount expected to be paid to (recovered from) the taxation authorities, using the applicable tax rates & tax laws. Deferred tax is recognized in respect of timing differences between taxable income and accounting income i.e. differences that originates in one period and are capable of reversal in one or more subsequent periods. The deferred tax charge or credit and the corresponding deferred tax liabilities or assets are recognized using the tax rates and tax laws that have been enacted or subsequently enacted by the balance sheet date. Deferred tax assets are recognized only to the extent there is reasonable certainty that the assets can be realized in future; however, where there is unabsorbed depreciation or carried forward loss under taxation laws, deferred tax assets are recognized only if there is a virtual certainty supported by convincing evidence that sufficient future taxable income will be available against which such deferred tax assets can be realized.
Deferred tax assets are reviewed as at each balance sheet date and written -up or written down to reflect the amount that is reasonable/ virtually certain (as the case may be) to be realized.
Minimum Alternative Tax (‘MAT’) under the provisions of the Income-tax Act, 1961 is recognized as current tax in the Statement of Profit & Loss. The credit available under the Act in respect of MAT paid is recognized as an asset only when and to the extent there is convincing evidence that the company will pay normal income tax during the period for which the MAT credit can be carried forward for set-off against the normal tax liability. MAT credit recognized as an asset is reviewed at each balance sheet date and written down to the extent the aforesaid convincing evidence no longer exists.
2.16 Provisions, Contingent Liabilities and Contingent Assets (AS-29)
A Provisions is recognized when the company has a present obligation as a result of past event, if it is probable that there will be an outflow of resources embodying economic benefits will be required to settle the obligation and a reliable estimate can be made of the amount of obligation. Contingent liabilities are not recognized but are disclosed in the notes. Contingent assets are neither recognized nor disclosed in financial statements.
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Particulars
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2024-25
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2023-24
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Claims against the company not acknowledged as debt
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NIL
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NIL
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Estimated amount of contracts (net of advances) remaining to be executed on capital account and not provided for
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NIL
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NIL
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Other Commitments
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NIL
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NIL
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2.17 Others:
On the basis of the records available with the Company, there is no interest payable to the entity which qualifies under the definition of Micro, Medium & Small Enterprises under the Micro, Small and Medium Enterprises Development Act, 2006.
2.18 Undisclosed Income:
There is no any transactions which not recorded in the books of account have been surrendered or disclosed as income during the year in the tax assessments under the Income Tax Act, 1961 (43 of 1961).
3.2 Revaluation of Property, Plant and Equipment:
The company has not revalued it’s any Property, Plant and Equipment during the reporting period.
3.3 Disclosure on Loans/ Advance to Directors/ KMP/ Related parties:
No 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
3.4 Capital-Work-in Progress (CWIP)
Company has started business operations in new premises from 27 October 2024. Hence no WIP as on Balance Sheet date.
3.5 Intangible assets under development:
There is no Intangible asset under development in the company at the balance sheet date
3.6 Details of Benami Property held:-
There are no any 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. ^ .
3.7 Borrowings from banks or financial institutions on the basis of security of current assets:
Yes, company has been sanctioned working capital limits in excess of five crore rupees, in aggregate, from banks or financial institutions on the basis of security of current assets and on the basis of representation from management there are quarterly returns or statements filed by the company with such banks or financial institutions are in agreement with the books of account of the Company.
3.8 Disclosure of willful defaulter:
Company has not been declared willful defaulter by any bank or financial Institution or other lender.
3.9 Relationship with Struck off Companies:
Company has no any transactions with companies struck off under section 248 of the Companies Act 2013 or section 560 of Companies Act, 1956.
3.10 Registration of charges or satisfaction with Registrar of Companies
There are no any charges or satisfaction yet to be registered with Registrar of Companies beyond the statutory period
3.11 Compliance with number of layers of companies:
The company has not any subsidiary company during or at the end of reporting period.
3.12 Ratio Analysis: (Amount in Lakhs)
Separate Sheet Attached
3.13 Compliance with approved Scheme(s) of Arrangements:
The company has not become part of any Scheme of Arrangements has been approved by the Competent Authority in terms of sections 230 to 237 of the Companies Act, 2013
3.14 Utilization of Borrowed funds and share Premium:
(A) The company has advanced or loaned or invested funds following funds
No funds have been advanced or loaned or invested by the company to or in any other person(s) or entities, including foreign entities (“Intermediaries”), with the understanding, that the Intermediary shall, whether, 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 on behalf of the Ultimate Beneficiaries.
No funds have been received by the company from any person(s) or entities including foreign entities (“Funding Parties”) with the understanding that such company shall whether, 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 guarantee, security or the like on behalf of the Ultimate beneficiaries.
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