P. Provisions and Contingencies:
A provision is recognised if, as a result of a past event, the Company has a present legal or
constructive obligation that can be estimated reliably, and it is probable that an outflow of
economic benefits will be required to settle the obligation.
Provisions for onerous contracts are recognized when the expected benefits to be derived by
the Company from a contract are lower than the unavoidable costs of meeting the future
obligations under the contract.
A disclosure for contingent liabilities is made where there is a possible obligation or a present
obligation that may probably not require an outflow of resources or an obligation for which the
future outcome cannot be ascertained with reasonable certainty. When there is a possible or a
present obligation where the likelihood of outflow of resources is remote, no provision or
disclosure is made.
Q. Cash and Cash Equivalents:
Cash and Cash equivalents include cash and cheque in hand, bank balances, demand deposits
with banks and other short-term highly liquid investments that are readily convertible to known
amounts of cash and which are subject to an insignificant risk of changes in value where
original maturity is three months or less.
R. Cash Flow Statement:
Cash flows are reported using the indirect method where by the profit before tax is adjusted for
the effect of the transactions of a non-cash nature, any deferrals or accruals of past and future
operating cash receipts or payments and items of income or expenses associated with investing
or financing cash flows. The cash flows from operating, investing and financing activities of
the Company are segregated.
S. Borrowing Cost:
General and specific borrowing costs that are directly attributable to the acquisition,
construction or production of qualifying assets are capitalized as a part of cost of that assets,
during the period till all the activities necessary to prepare the qualifying assets for its intended
use or sale are complete during the period of time that is required to complete and prepare the
assets for its intended use or sale. Qualifying assets are assets that necessarily take a substantial
period of time to get ready for their intended use or sale. Other borrowing costs are recognized
as an expense in the period in which they are incurred.
T. Earnings Per Share:
Basic EPS is arrived at based on net profit or loss for the year after tax from continuing
operations available to equity shareholders to the weighted average number of equity shares
outstanding during the year. The Company did not have any potentially dilutive securities in
any of the years’ represented.
Diluted earnings per share: Diluted earnings per share is calculated by dividing the net profit or
loss for the year after tax from continuing operations attributable to equity shareholders by the
weighted average number of equity shares outstanding including equity shares which would
have been issued on the conversion of all dilutive potential equity shares unless they are
considered anti-dilutive in nature.
U. Dividend:
Final dividend on shares is recorded as a liability on the date of approval by the shareholders
and interim dividends are recorded as a liability on the date of declaration by the Company's
Board of Directors.
V. Exceptional Items:
When an item of income or expense within profit or loss from ordinary activity is of such size,
nature or incidence that their disclosure is relevant to explain the performance of the Company
for the year, the nature and amount of such items is disclosed as exceptional items.
(iii) Term Loan from Bank is secured by 1st & exclusive charge by way of registered mortgage over Hotel Land and Building and exclusive
charge on all movable fixed assets (both present and future) of the Company. Further, it is also secured by way of personal guarantee from
Director. The aforesaid term loan was obtained at the interest rate of 9.60% p.a. The said Term Loan has been re-scheduled with an additional
Moratorium period of 12 months from January, 2021. The interest rates applicable to the aforesaid term loan are at floating rates & applicable rate
of interest as on the reporting date is 7.65% p.a. The said loan is repayable by 7th May, 2030.
(iv) A further additional Guaranteed Emeregency Credit Line (GECL-2) term loan (under GECL scheme of Central Government publised by the
Finance Ministry) was obtained at the interest rate of 7.50% p.a. Security covered under the erstwhile Term Loan (i.e. registered mortgage over
the Hotel Land & Building and exclusive charge on all movable fixed assets - both present & future - of the Company, along with personal
guarantee from Director) has been extended to the said additional loan. The interest rates applicable to the aforesaid term loan as on the reporting
date is 8.00% p.a. The said loan has initial Moratorium period of 24 months where interest is to be serviced, after which loan is to be repaid in 48
months, hence repayable by 7th August, 2027.
(v) A Business Loan was obtained at the interest rate of 9.75% p.a. Secured against the lien of Fixed Deposit Recieipts of the Company has been
availed as additional loan. The interest rates applicable to the aforesaid term loan as on the reporting date is 9.75% p.a. The said loan is to be repaid
in 24 months, hence repayable by 6th August, 2026.
Footnote -
The financial instruments valued in the above table, have been valued at a fair market value using
techniques which use inputs that have a significant effect on the recorded fair value that are not
based on observable market data, as at respective reporting dates.
Note '33’- Financial Risk Management Objectives and Policies
The Company’s principal financial liabilities comprise loans and borrowings, security deposits
taken, employee related payables, trade and other payables. The main purpose of these
financial liabilities is to finance the Company’s operations. The Company’s principal financial
assets include Property, Plant and Equipments, investments, security deposits given, employee
advances, trade and other receivables, cash and short-term deposits that derive directly from its
operations.
The Company is exposed to market risk, credit risk and liquidity risk. The Company’s Board
of Directors reviews and sets out policies for managing these risk and monitors suitable actions
taken by management to potential adverse effects of such risks on company’s operational and
financial performance.
A. Market risk
Market risk is the risk of loss of future earnings, fair values or future cash flows that may result
from a change in the price of a financial instrument. The value of a financial instrument may
change as a result of changes in interest rates and other market changes that affect market risk
sensitive instruments. Market risk is attributable to all market risk sensitive financial
instruments including investments and deposits, payables and loans and borrowings.
a. Interest Rate Risk:
Interest rate risk is the risk that the fair value of future cash flows of the financial
instruments will fluctuate because of changes in market interest rates. The Company’s
exposure to the risk changes in the market interest rates relates primarily to the Company’s
long-term debt obligation.
B. Credit risk
Credit risk arises from the possibility that the counter party may not be able to settle their
obligation as agreed. Customer credit risk is managed by each business unit subject to
Company’s established policy, procedure and control relating to customer risk management.
Further, the Company periodically assesses financial reliability of customers and other counter
parties, taking into account the financial condition, current economic trends, and analysis of
historical bad debts and ageing of financial assets. Individual risk limits are set and
periodically reviewed on the basis of such information.
Financial assets are written off when there is no reasonable expectation of recovery, such
debtor failing to engage in a repayment plan with the Company. Where loans or receivables
have been written off, the Company continues to engage in enforcement activity to attempt to
recover the receivables due. Where recoveries are made, these are recognis ed as inco me in the
statement of profit and loss.
C. Liquidity risk
Liquidity risk is the risk that the Company will encounter difficulty in meeting the obligations
associated with its financial liabilities that are settled by delivering cash or another financial
asset. The Company’s approach to managing liquidity is to ensure as far as possible that it will
have sufficient liquidity to meet its liabilities when they are due, under both normal and
stressed condition, without incurring unacceptable losses or risking damage to the Company’s
reputation.
The Management monitors rolling forecasts of the Company’s liquidity position on the basis of
expected cash flows. The Company’s objective is to maintain a balance between continuity of
funding and flexibility through the use of surplus funds, bank loans and inter-corporate loans.
Note 34’- Segment Information
Information regarding primary segment reporting as per Ind-AS 108.
The company is engaged in only one segment of Hotel Business. Accordingly, the segment
revenue, segment results, segment assets and segment liabilities are reflected by the financial
statement themselves as at and for the financial year ended 31st March, 2026.
A. Defined benefit Plans - General Description
The Company operates gratuity plan wherein every employee is entitled to a benefit equivalent
to 15 days salary (includes dearness allowance) last drawn for each completed year of service.
The same is payable on termination of service, or retirement, or death, whichever is earlier.
The benefit vests after five years of continuous service. Gratuity benefits are valued in
accordance with the Payment of Gratuity Act, 1972.
(a) The Company does not have Lease liability and hence no reporting related to the same has
been made.
(b) There has been no revaluation to Property, Plant and Equipments.
(c) The Company does not have any Benami property, where any proceeding has been initiated
or pending against the Company for holding any Benami property.
(d) The Company does not have any intangible asset under development.
(e) The Company holds all the title deeds of immovable property in its name.
(f) The Company does not have any relationship / transaction with any Struck-off Company
during the year under reporting.
(g) The Company has not granted any loans or advances to promoter, director, KMP in nature
of loan.
(h) The Company is not declared wilful defaulter by bank or financial institution or other
lender.
(i) The Company has not applied for any scheme of arrangement under Sections 230 to 237 of
Companies Act, 2013.
(j) The Company is not covered under Section 135 of Companies Act, 2013. Hence it is not
required to make CSR expense.
(k) The Company doe s not have any charges or satisfaction which is yet to be registered with
ROC beyond the statutory period.
(l) The Company have not traded or invested in Crypto Currency or Virtual Currency during
the period/year.
(m) The Company does not have any transaction not recorded in the books of accounts that has
been surrendered or disclosed as income during the year in the tax assessment under the
Income Tax Act, 1961.
(n) The Company does not have number of layer of Companies as prescribed under clause (87)
of section 2 of the Act read with the Companies (Restriction on number of Layers) Rules,
2017.
(o) Unutilized borrowed funds are kept with the bank for the interim until final utilization for
the purpose borrowed for. The Company has created Securities Premium consequent to
issue of shares at premium. These reserves can be utilized in accordance with Section 52 of
the Companies Act, 2013.
(p) a) No funds have been advanced or loaned or invested (either from borrowed funds or
share premium or any other sources or kind of funds) by the Company to or in any
other person(s) or entity(ies), including foreign entities (“Intermediaries”), with the
understanding, whether recorded in writing or otherwise, that the Intermediary shall
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.
b) No funds have been received by the Company from any person(s) or entity(ies),
including foreign entities (“Funding Parties”), with the understanding, whether
recorded in writing or otherwise, that the Company shall directly or indirectly, lend
or invest in other persons or entities identified in any manner whatsoever by or on
behalf of the Funding Parties (“Ultimate Beneficiaries”) or provide any guarantee,
security or the like on behalf of the Ultimate Beneficiaries.
q) The Company has used accounting softwares for maintaining its books of account for the
financial year ended 31st March, 2026, which has a feature of recording audit trail (edit
log) facility and the same has operated throughout the year for all relevant transactions
recorded in the softwares.
Note‘39’-Previous years’ figures have been regrouped and/or rearranged wherever necessary.
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