I Provisions, 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 events and it is probable that there will be an outflow of resources. Contingent Liabilities are not recognized but are disclosed in the notes. Contingent Assets are neither recognized nor disclosed in the financial statements.
J General :
Other accounting policies of the Company are consistent with generally accepted accounting policies.
For Utsav Sumit Associates For SAFFRON INDUSTRIES LTD
Chartered Accountants Firm Reg. No. 016514C
Sumit Agrawal Partner
M. No. 151008 Sd/- Sd/-
For & on behalf of Vinod Maheshwari Manoj Sinha
Utsav Sumit & Associates Chairman Wholetime Director
Chartered Accountants DIN 00340953 DIN 07564967
FR No. 016514C
Sd/- Sd/-
Mahesh Bhararkar Anil Bajpai
Company Secretary Chief Financial Officer
M. No. A 54694
NAGPUR NAGPUR
May 28,2024 May 28,2024
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