(f) Provision for Contingent Liabilities and Assets
Provisions involving substantial degree of estimation in measurement are recognised 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 recognised but are disclosed in the Notes. Contingent Assets are neither recognised nor
disclosed in the financial statements.
(g) Earnings per Share
In determining Earning per Share, the Company considers the net profit after tax and includes the post-tax effect
of any extra-ordinary / exceptional item. The number of shares used in computing Basic Ea rnings per Share is
the weighted average number of shares outstanding during the period. The number of shares used in comp uting
Diluted Earnings per Share comprises the weighted average shares considered for deriving Basic Earnings per
Share and also the weighted average number of shares that could have been issued on the conversion of all
Total Default of Previous years is Rs. 67.13 Lakhs
5. The deferred tax Assets for the year ended at 31st March, 2025 is as per separate statement attached. On
consideration of prudence, deferred tax asset recognized and merged with cumulative deferred tax asset as on
the balance sheet date.
6. In the opinion ofthe B>oard,thevalueolfcurrentassets,loans and adtancet stated in Balance Sheetwill tie realised
in ehe ordiaary course of business, except thote speeifically written-oft and subject to clause (5) mentioned
above. The provision for depreciation on the Tangible Assets is adequate and that all known liabilities have been
provided for.
7. Provision for Doubtful Debts and Loans and Advances
Provision is made in the account for doubteul debtsand loans and advances in cases where the mataoement
considers ahe debits, and loans and edvances to be doubtfulof recevery.
8. Confirmation in retpect o f Trade Receivable, L oans and Advances & Tra de Payable s, have not been received by
the companyatdthabflances are as appearinein thebotks ofaccounts. In the opinion of the management of the
company all current assets, debtors, loans & advances are recoverable, to the extent they are stated in balance
sheet except dues recoverable from Jet Airways Limited.
In respect of dues from Jet Airways Ltd the company has submitted claim of Rs. 3.88 Crore along with the interest
calculated @ 18% p.a. before National Company Law Tribunal (NCLT) and the same has been acknowledged.
The claim of the Company has been listed under the entry No 1484 under regulation 13(2) of IBBI (Insolvency
Resolution Process for Corporate Persons) Regulations, 2016, under the category- Operation Creditors.
10. DETAILS OF DUES TO MICRO, SMALL AND MEDIUM ENTERPRISES AS PERMSMED ACT 21006:
The Company does not possess information as to which of its suppliers are ancillary industrial undertakings/
small scale industrial undertaking holding permanent registration certificates issued by Directorate of Industries
of state or Union Territory. Consequently the liability, if any of interest on delayed payments to small scale and
Ancillary Industrial Undertaking Act, 2006 cannot be ascertained. However, the company lias not received any,
claim in respect of interest.
11. The computation of Net Profit for the purpose of calculation of director’s Remuneration under section 197 of the
Companies Act, 2013 is not enumerated, since no commission has been paid to any director.
15. Related Party Disclosers:
Disclosers as required by Accounting standards (AS-18) "Related Party Discloser" in respect of transaction for
the year ended 31st March, 2025 as under:
As per our report of even date For & On Behalf otthief Board
For KALE MALDE & CO. SHREE OSFM E-MOBILITY LIMITED
Chartered Accountants [Formerly known as Shree OSFM
ICAI F.R.No. 154422W E-Mobility Private Limited]
Sd/- Sd/- Sd/-
(CA. Alpesh Malde) Ramnath Patil Nitin Shanbhag
Partner Managing Director Whole Time Director
M.No. 138034 DIN:01877280 DIN:01879334
Date: 29/05/2025 Date: 29/05/2025 Date:29/05/2025
ICAI UDIN: 25138034BMKNUN3166 Place: - Navi Mumbai Place: NaviMumbai
Sd/- Sd/-
Shivasandhi Tangella Vikash Jain
Chief Financial Officer Company Secretary
Date: 29/05/2025 Date: 29/05/2025
Place: Navi Mumbai Place: Navi Mumbai
| 