1. Provision for 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.
2. Miscellaneous Expenditure:
Pre-operative expenses are amortized over a period of five years.
3. Earning Per Share (EPS)
|
Sr.
No.
|
Particulars
|
31.03.2024
|
31.03.2023
|
|
I
|
Net Profit/(Loss) after tax available for equity shareholder in Rupees
|
249.70
|
13.19
|
|
ii
|
Weighted average no of Equity Shares for basic and diluted EPS
|
64,90,000
|
30,00,000
|
|
iii
|
Nominal Value of Equity Shares in Rupees
|
10
|
10
|
|
iv
|
Basic / Diluted Earning per Share in Rupees
|
8.32
|
0.44
|
4. Contingent Liabilities: NIL (P.Y. NIL)
5. Related Party Disclosure under Accounting Standard 18 (AS 18):A) List of related parties as identified by the management are as under :
I) Enterprises that directly or indirectly control (through subsidiaries) or are controlled by or are under common control with the reporting enterprise : None
II) Associates, Joint Ventures of the reporting entity, investing party or venture in respect of which reporting enterprise is an associate or a joint venture : None
III) Individual owing, directly or indirectly an interest in voting power of reporting enterprise that gives them control or significant influence over the enterprise, and relative of any such individual : Nil
|
IV) Key Management Personnel (KMP) and their relatives;
|
|
Mr. Pankaj Panchal
|
Whole Time Director
|
|
Mr. Arvindkumar Parmar
|
Executive Director
|
|
Mr. Nitin Mistry
|
Company Secretary (up to 29.04.2024)
|
|
Mr. Vipul Panchal
|
Chief Financial Officer
|
|
Mr. Vikas Gohil
|
Executive Director
|
9. Deferred Tax Asset
In accordance with the provisions of Accounting Standard (AS22) issued by The Institute of Chartered Accountants of India pertaining to accounting of taxes on income, in view of the company not expecting any taxable profits in near future, no deferred tax asset is recognized. The details of the same areas under:
|
Particular
|
AS AT
|
AS AT
|
| |
31.03.2024
|
31.03.2023
|
|
Deferred Tax Liability
|
-
|
-
|
|
Deferred Tax Assets on account of :
|
|
|
|
Carried Forward Losses as per Income Tax
|
-
|
-
|
|
Net Deferred Tax Asset
|
-
|
-
|
10. Segment wise details, as required by AS-17 Segment Reporting are not furnished as the management is of the opinion that it does not have any geographical / business segment that is subject to different kind of risk, return or opportunities.
11. Previous year figures are given in bracket and have been regrouped / rearranged wherever necessary to make them comparable.
| 