vii. Provisions and Contingencies:
a. A provision is recognised when there is a present obligation as a result of past events 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. Provisions are not discounted to its
present value and are determined based on management best estimates of the
expenditure required to settle the obligation as at the balance sheet date. Provisions are
reviewed at each balance sheet date and adjusted to reflect the current best estimate of
each such obligation.
b. A contingent liability is disclosed when there is a possible or present obligation that may,
but probably will not require an outflow of resources, unless the possibility of such
outflow is remote.
c. Contingent Assets are neither recognised nor disclosed.
viii. Earnings per Share:
Basic earning per share is computed by dividing the net profit after tax attributable to
equity shareholders for the year by the weighted average number of equity shares
outstanding during the year. Diluted earning per share is computed by dividing the net
profit after tax attributable to equity shareholders for the year by the weighted average
number of equity shares outstanding during the year as adjusted for the effects of all
dilutive potential equity shares, if any.
29. The Company is into the business of Hospitals, pathological laboratory and Pharmacy
stores at Keshod and Veraval location in Gujarat. The Company has been incorporated on
November 11, 2021.
30. The Company came with an Initial Public Offer of equity shares on 4thAugust, 2023 and
closed on 8thAugust, 2023. The Initial Public Offer was for 37,92,000 equity shares of face
value of Rs. 10 each at premium of Rs. 30 per share aggregating to INR 1516.80 lakhs. The
shares of the Company were listed on the National Stock Exchange of India Limited,
Emerge Platform on 17th August ,2023.
31. Related party Disclosers as required by AS 18 of the Institute of Chartered Accountants of
India is as follows:
? Directors Of The Company
v. Ajaykumar Natwarlal Sangani - Managing Director
vi. Rajeshkumar Natvarlal Sangani - Whole Time Director
vii. Kamalkumar Natvarlal Sangani - Whole time Director
viii. Vaishaliben Rajeshkumar Sangani - Director
33. Debtors & Creditors balances are subject to confirmation. Adjustments, if any, will be made in
the accounts on the receipt of such confirmations.
34: In the opinion of the Board, current assets, loans and advances have a value on realization
at least equal to the amount at which they are stated in the accounts.
As per our attached report of even date
For Kumbhat & Co. For and on behalf of the Board of Directors
Chartered Accountants Sangani Hospitals Limited
FRN:001609S
Gaurang C. Unadkat Ajay Sangani Rajesh Sangani
Partner Director Director
Membership No. 131708 DIN:06718085 DIN:09394928
Kamal Sangani Chandani Sangani
Director Chief Financial
Officer
DIN:08175027
Gaurav Patadia
Company Secretary
Place : Keshod Place : Keshod
Date : May 29th , 2024 Date : May 29th , 2024
| 