(k) Provisions , Contingent Assets and Contingent Liabilities:
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 disclosed when the Company has possible obligation or a
present obligation and it is probable that a cash outflow will not be required to settle the
obligation. Contingent Assets are neither recognized nor disclosed in the financial statements.
27. Contingent Liabilities and Capital Commitments
Capital Commitments : Rs Nil(P.Y Nil)
Claims againts the Company not acknowledged as debt: Rs 50.00 Lakhs(P.Y 50 Lakhs)
Contingent Liabilities: Rs 2.09 Lakhs(P.Y 2.09 Lakhs)
Company has received order dated 07.05.2024 from Office of the Superintendent of Central Tax
and Customs with demand of Rs 2.09 Lakhs (Including penalty of Rs 0.58 Lakhs). Company has filed
an appeal before Joint Commissioner - Appeals-II.
28. The Company has used accounting software for maintaining its books of account, 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
software impacting books of account at application level. Also, the audit trail is not disabled/tampered. Further, the
audit trail (edit log) is preserved as per the provisions of the Companies Act. However, the feature of recording audit
trail (edit log) facility at database level is not enabled.
Note 32. Code of Social Security, 2020: The Indian Parliament has approved the Code on Social Security, 2020
which would impact the contributions by the company towards Provident Fund and Gratuity. The Ministry of
Labour and Employment has released draft rules for the Code on Social Security, 2020 on November 13, 2020,
and has invited suggestions from stakeholders which are under active consideration by the Ministry. The
Company will assess the impact and its evaluation once the subject rules are notified and will give appropriate
impact in its financial statements in the period in which, the Code becomes effective and the related rules to
determine the financial impact are published.
Note 33: No funds have been advanced / loaned / invested (from borrowed funds or from share premium or
from any other sources / kind of funds) by the Company to any other person(s) or entity(ies), including foreign
entities (Intermediaries), with the understanding (whether recorded in writing or otherwise) that the
Intermediary shall (i) 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 (ii) provide any guarantee, security or
the like to or on behalf of the Ultimate Beneficiaries.
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 (i)
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 (ii) provide any guarantee, security or the like on behalf
of the Ultimate Beneficiaries.
Note 34. Disclosures as per Schedule II are given to the extent applicable.
Note 35. Previous year figures have been regrouped and reclassified wherever considered necessary
As per our Report of even date For and on behalf of the Board
For M.Anandam & Co.
Chartered Accountants
Sd/- Sd/-
Sd/- Anjani Kumar Agarwal Sanjay Kumar Agarwal
M.R. Vikram Managing Director Director
Partner DIN: 00006982 DIN: 00204750
M.No. 021012
Sd/- Sd/-
C S Raghunandan Vandana Modani
Place: Secunderabad Chief Financial Officer Company Secretary
Date: 29.05.2025 PAN: ACTPR0124R PAN: CYQPM1174B
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