viii. Provisions, Contingent liabilities and Contingent assets
(a) Provisions: -
A provision is recognized if, as a result of a past event, the Company has a present legal obligation that is
reasonably estimable, and it is probable that an outflow of economic benefits will be required to settle the
obligation. Provisions are determined by the best estimate of the likely future outflow of economic benefits
required to settle the obligation at the reporting date.
(b) Contingencies: -
Where no reliable estimate can be made, a disclosure is made as contingent liability. A disclosure for a contingent
liability is also made when there is a possible obligation or a present obligation that may, but probably will not,
require an outflow of resources. Where there is a possible obligation or a present obligation in respect of which
the likelihood of outflow of resources is remote, no provision or disclosure is made.
Contingent assets are neither recognized nor disclosed in the financial statements. However, Contingent assets
are assessed continually and when it becomes reasonably certain that inflow of economic benefit will arise.
ix. Depreciation
Depreciation on Fixed Assets is provided to the extent of depreciable amount on the Written down Value (WDV)
Method. Depreciation is provided based on useful life of the assets as prescribed in Schedule II to the Companies
Act, 2013.
Depreciation is not provided on Land & Building as said assets were not put to use during the year.
x. Investments
Investments, which are readily realizable and intended to be held for not more than one year from the date on
which such investments are made, are classified as current investments. All other investments are classified as
non-current investments.
On initial recognition, all investments are measured at cost. The cost comprises purchase price and directly
attributable acquisition charges such as brokerage, fees and duties. Current investments are carried at lower of
cost and fair value determined on an individual investment basis. Long-term investments are carried at cost.
However, provision for diminution in value is made to recognize a decline other than temporary in the value of
the long-term investments, if any.
On disposal of an investment, the difference between it carrying amount and net disposal proceeds is charged
or credited to the statement of profit and loss.
xi. Employee benefits
a) Short-term Employee Benefits
All employee benefits payable wholly within twelve months of rendering the related service are classified as
short-term employee benefits and are recognized in the period in which the employee renders the related service.
The Company recognizes the undiscounted amount of short-term employee benefits expected to be paid in
exchange for services rendered as a liability after deducting any amount already paid.
B) Defined Contribution Plans
Eligible employees receive benefits from Provident Fund and Employee State Insurance Scheme, which are
defined contribution plans. Both the employees and the Company make contributions to the respective funds at
predetermined rates. The Company's contributions to such plans are recognized as an expense in the Statement
of Profit and Loss in the period in which the employee renders the related service.
c) Defined Benefit Plans
Gratuity is a defined benefit plan. The liability for gratuity is determined on the basis of actuarial valuation
carried out by an independent actuary at the Balance Sheet date using the Projected Unit Credit Method. The
gratuity liability determined on the basis of such actuarial valuation is recognised in the financial statements.
D) Compensated Absences
The employees of the Company are entitled to compensated absences. The liability towards unutilized leave
benefits is recognized based on the estimated obligation outstanding as at the Balance Sheet date.
xii. Cash Flow Statement
The statement of cash flows has been prepared under indirect method, whereby profit or loss is adjusted for the
effects of transactions of a noncash nature, any deferrals. The cash flows from operating, investing and financing
activities of the Company are segregated.
xiii. Tax on Income
Current Tax
Current tax is determined as the amount of tax payable in respect of taxable income for the year in accordance
with the provisions of the Income Tax Act, 1961.
Deferred Tax
Deferred tax is recognised on timing differences between the accounting income and taxable income for the
year and quantified using the tax rates and laws that have been enacted or substantively enacted as at the Balance
Sheet date.
Deferred tax assets are recognised only to the extent that there is reasonable certainty that sufficient future
taxable income will be available against which such deferred tax assets can be realised. In cases where the
Company has unabsorbed depreciation or carries forward tax losses, deferred tax assets are recognised only if
there is virtual certainty supported by convincing evidence that sufficient future taxable income will be
available.
The carrying amount of deferred tax assets is reviewed at each Balance Sheet date and adjusted to reflect the
amount that is reasonably/virtually certain, as the case may be, to be realised.
xiv. Earnings Per Share
Basic Earnings Per Share is computed by dividing the net profit or loss for the year attributable to equity
shareholders by the weighted average number of equity shares outstanding during the year.
Diluted Earnings Per Share is computed by dividing the net profit or loss for the year attributable to equity
shareholders by the weighted average number of equity shares considered for deriving Basic Earnings Per Share.
The weighted average number of equity shares outstanding during the year and for all comparative periods
presented are adjusted for events such as bonus issues, if any, that have changed the number of equity shares
outstanding without a corresponding change in resources.
General
Except wherever stated, accounting policies are consistent with the generally accepted accounting principles
and have been consistently applied.
Equity shares
The company has only one class of Equity having a par value Rs. 10.00 per share. Each shareholder is eligible
for one vote per share held. The dividend proposed by the board of directors is subject to the approval of the
shareholders in ensuing Annual General Meeting, except in case of interim dividend. In the event of liquidation,
the Equity shareholders are eligible to receive the remaining assets of the company after distribution of all
preferential amounts, in proportion to their shareholding.
7.1 The Company does not have any continuing default in repayment of loans and interest as on the reporting
date.
7.2 The company is not declared as "wilful defaulter" by any bank or financial Institution or other lender as on
the reporting date.
7.3 There is no such borrowing from banks and financial institutions taken by company for specific purpose but
not used for same purpose.
Notes:
10.1 No depreciation if remaining useful life is negative or zero.
10.2 If asset is used less than 365 days during current financial year then depreciation is equals to w.d.v as on 31 -03-2025 less residual value.
10.3 Depreciation is calculated on pro-rata basis in case asset is purchased/sold during current F.Y.
10.4 If above assets is used for any time during the year for double shift, the depreciation will increase by 50% for that period and in case of the triple shift the depreciation shall be
calculated on the basis of 100% for that period
10.5 The Title deeds of all immovable property are held in the name of the Company.
10.6 The Company has not revalued its Property Plant & Equipment
11.1 The above investment is in compliance of Section 186 of Companies Act, 2013
11.2 The Company has acquired a company Named “Travexel Events and Travel Private Limited” for Rs.
50,00,000/- in May, 2025.
12.1 The above Advance to Subsidiary is in compliance of Section 186 of Companies Act, 2013.
12.2 Mach Travel Solutions Limited (the Company) has incurred certain expenses on behalf of its subsidiary
company (Travexel Events and Travel Private Limited). Pending reimbursement, the same has been disclosed
under Loans and Advance given to Subsidiary. The amount is considered good and recoverable.
12(a).1 The Company has not granted any loans or advances in the nature of Loan to promoters, directors,
KMPs and the related parties either severally or jointly with any other person, that are repayable on demand or
without specifying any terms or period of repayment.
12(a).2 The Company is developing a Business-to-Consumer (B2C) portal for conducting and facilitating its
online business activities. An amount of ^10,53,67,162 has been incurred up to the Balance Sheet date towards
the development of the portal. The portal is still under development and has not yet been put to its intended use
as of the reporting date.
13.1 The Company had undertaken a project which was completed during F.Y. 2024-25. Considering the
management's intention to dispose of the project through commercial monetization, the same has been classified
as "Project Held for Sale". As represented by the management, efforts for identification of prospective buyers
and completion of the sale transaction are currently in progress.
16.1 Balance with Banks (in Current Accounts) includes, Rs.1,94,76,852.00 lying under Axis Bank Escrow
account received for Initial Public offer.
16.2 Deposits are renewed by the banks automatically. The above amount is a fair estimate of the value of
deposits with bank.
16.3 Cash in hand is certified and verified by the management of the company as on 31st March, 2026.
27.1 Related Parties are identified by the Management and relied up on by the Auditor.
Note No.: 28 Additional Regulatory Information
(a) The Company does not have any transaction or undisclosed income which are reported by tax authorities
under any assessment year under tax Assessment (such as, search or survey or any other relevant provisions)
under the income tax Act- 1961 and rules made thereunder.
(b) The company has not transacted with companies struck off under section 248 of the Companies Act, 2013 or
section 560 of Companies Act, 1956.
(c) No proceedings have been initiated or pending against the company for holding any benami property under
the Benami Transactions (Prohibition) Act, 1988 (45 of 1988) and the rules made thereunder and therefore no
disclosure is required.
(d) The Company has not traded or invested in Crypto Currency or Virtual Currency during the financial year
and therefore no disclosure is required.
(e) 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 persons or entities, 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 (Ultimate
beneficiaries) by or on behalf of the company or provide any guarantee, security or the like on behalf of the
Ultimate Beneficiaries.
(f) The Company is not required to register charges with Registrar of Companies beyond the statutory period.
(g) Details in respect of Utilization of Borrowed funds and share premium:
(i) The Company has not advanced or loaned or invested funds to any other person(s) or entity(ies),
including foreign entities (Intermediaries) with the understanding that the Intermediary shall:
a. 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
b. provide any guarantee, security or the like to or on behalf of the Ultimate Beneficiaries.
(ii) The Company has not received any fund from any person(s) or entity(ies), including foreign entities
(Funding Party) with the understanding (whether recorded in writing or otherwise) that the Company
shall.
a. directly or indirectly lend or invest in other persons or entities identified in any manner whatsoever by or on
behalf of the Funding Party (Ultimate Beneficiaries) or
b. provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries.
(h) The name of Company has been changed to “MACH TRAVEL SOLUTIONS LIMITED” from MACH
CONFERENCE & EVENTS LIMITED” with the effect from 12th Day of May, 2026.
(i) In accordance with AS-17 - there are no separate operating segments hence segment information has not
been disclosed as there is only one product and has no separate segments.
(j) Balances of the parties are subject to confirmation.
(k) The Company is a party to a legal proceeding ‘Yatra Online Limited vs. Mach Conferences and Events
Limited’ before the Hon'ble High Court of Delhi, which is pending adjudication as at the Balance Sheet date.
(l) Details of Expenditure in Foreign Currency during the year is as follows:
(a) Current Ratio: During the Year 2025-26, Current Ratio has decreased due to increase in Loans & advances.
(b) Debt Service Coverage Ratio: Due to Increase in EBITDA and decrease in Finance Cost.
(c) Trade Receivables Turnover Ratio: Due to decrease in Turnover and Increase in Average Trade
Receivables.
(d) Net Profit Ratio: Due to increase in Net Profit and decrease in Revenues.
Note No.: 30 Previous year figures have been regrouped/rearranged wherever considered necessary.
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