1.15. Provisions, contingent liabilities, contingent assets
A provision is recognized when the Company has a present obligation (legal or
constructive] as a result of past event and it is probable that an outflow of
resources will be required to settle the obligation, in respect of which a reliable
estimate can be made. If the effect of time value of money is material, provisions
are discounted using a current pre-tax rate that reflects, when appropriate, the
risk specific to the liability. When discounting is used, the increase in the
provision due to the passage of time is recognized as a finance cost. These are
reviewed at each balance sheet date and adjusted to reflect the current best
estimates.
A disclosure for a contingent liability is made when there is a possible obligation
or a present obligation that may, but probably will not require an outflow of
resources. When there is a possible obligation or a present obligation in respect
of which likelihood of outflow of resources is remote, no provision or disclosure
is made.
The Company does not recognize a contingent asset but discloses its existence in
the financial statements if the inflow of economic benefits is probable. However,
when the realization of income is virtually certain, then the related asset is no
longer a contingent asset, but it is recognized as an asset.
Provisions, contingent liabilities, contingent assets and commitments are
reviewed at each balance sheet date.
1.16. Earnings per share
Basic earnings per share are computed using the net profit for the year
attributable to the shareholders' and weighted average number of shares
outstanding during the year. The weighted average numbers of shares also
include fixed number of equity shares that are issuable on conversion of
compulsorily convertible preference shares, debentures or any other instrument,
from the date consideration is receivable (generally the date of their issue] of
such instruments.
Diluted earnings per share is computed using the net profit for the year
attributable to the shareholder' and weighted average number of equity and
potential equity shares outstanding during the year including share options,
convertible preference shares and debentures, except where the result would be
anti-dilutive. Potential equity shares that are converted during the year are
included in the calculation of diluted earnings per share, from the beginning of
the year or date of issuance of such potential equity shares, to the date of
conversion.
1.17. Financial instruments
A financial instrument is any contract that gives rise to a financial asset of one
entity and a financial liability or equity instrument of another entity. Financial
assets and financial liabilities are initially measured at fair value. Transaction
costs that are directly attributable to the acquisition or issue of financial assets
and financial liabilities (other than financial assets and financial liabilities at fair
value through profit or loss] are added to or deducted from the fair value of the
financial assets or financial liabilities, as appropriate, on initial recognition.
Transaction costs directly attributable to the acquisition of financial assets or
financial liabilities at fair value through profit or loss are recognized immediately
in profit or loss.
Financial Investments
Non-Current Investments includes Investment in Partnership Firm which is
stated at Original Capital invested, share of profit earned by the Firm and the
interest earned on the Capital.
2. OTHER ADDITIONAL INFORMATION FORMING PART OF FINANCIAL
STATEMENT
I. Contingent Liability: NIL
II. Capital Commitment: NIL
III. The Management has considered all the Trade Receivables as good and taking
effort for recovery from the parties. Therefore, the Management has not
recommended any provision for doubtful debts against the receivables.
IV. Ind-AS 116 Accounting of Lease expenses is not applicable as all leases as on the
reporting date are for the short-term period.
V. The outstanding balance of assets and liabilities are accepted as they appear in
the books of accounts and are subject to reconciliation / adjustments, if any, and
confirmation by respective parties.
VI. Micro, small and medium enterprise disclosure:
The Company has not received any memorandum (as required to be filed by the
suppliers with the notified authority under the Micro, Small and Medium
Enterprises Development Act, 2006) claiming their status as on 31st March 2025
as micro, small or medium enterprises. Consequently, the amount paid/payable
to these parties during the year is nil.
VII. Segment Reporting:
The Company has one reportable business and geographical segment and hence
no further disclosure is required under IND AS- 108 on Segment Reporting.
VIII. Related Parties Disclosures under IND AS 24:
As per Annexure attached
IX. Previous year's figures have been regrouped and recast wherever necessary to
confirm to the current year classification.
For VORA & ASSOCIATES FOR AND ON BEHALF OF THE BOARD
CHARTERED ACCOUNTANTS
(ICAI F.R. No.: 1U612W)
RONAK A. RAMBHIA VARDHAMAN C. SHAH AKSHIT LAKHANI
PARTNER MANAGING DIRECTOR DIRECTOR
(Membership No.: 140371) DIN: 00334194 DIN: 00334241
R. MISHRA VAIBHAV KADAM
CFO CO. SECRETARY
Place: Mumbai Place: Mumbai
Date: 27-05-2025 Date: 27-05-2025
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