2ti. Other Notes to Accounts

2    Proposed Dividend Details:

The Company has not declared dividend during the period under review.

3    No issue of securities were made for any specific purpose by the Company during the reporting year.

4    The Company has not made borrowings from banks and financial institutions for any specific purposes during the year

₅    The assets other than Property, Plant and Equipment, Intangible Assets and non-current investments have value on realization in die ordinal course of business equal to the amount at which they arc stated

⁶    or pending against die Company for hoiding any benami property under the Bcnam, Transactions (Prohibition) Act. 1988(45 of 1988).

7    The Company has made borrowings from the banks on the basis of security of current assets, and the statements of current assets as reqmred to be filed by the Company with any the banks or financial institutions are done periodically.

$ Wilful Defaulter:

Th_e company is not declared as wilful defaulter by any bank or financial institution or other lender.

9 Relationship with Struck off Companies:

The Company has not entered into any transactions with companies struck off under section 248 of the Companies Act. 2013.

Ill Registration of Charges or Satisfaction with Registrar of Companies:

The Company has no charge which is ycl to be registered with Registrar of Companies beyond the statutory period .

11    Compliance w ith Number of l ayers of Companies:

71,e Company ta n. mbskfaia. hone la,am pm.aribad omla, d.„m TO of .action 2 of to Ac, mad wbh Compamaa (Raafriafioa on nomba, of 1 .avers) Rules, 2017 are not applicable, however the company has invested in a partnership firm (Danya Eleetnc Company)

12    Compliance w ith Approved Schcme(s) of Arrangements:

No Scheme of Arrangements has been approved by the Competent Authority in terms of sections 230 to 237 of the Companies Act. 201.3.

13 Utilisation of Borrowed Funds and Share Premium:

A The company has not advanced or loaned or invested funds (either borrowed funds or share premium or any other sources or kind_offon<fe) toany other persons) or entities), including foreign entities (lntermediar.es) with the understanding (whether recorded m wnfing or Chemise)

Intermediary shall

(i)    directly or indirectly lend or invest in other persons or entit.es 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.

B. The Company has not received any fund from any person(s) or entity(ies), including foreign entities (Funding Party) with the understand (whether recorded in writing or otherwise) that the company shall

(i)    directly or indirectly lend or invest in Cher 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 die like on behalf ol the Ultimate Beneficiaries.

¹⁵    WiihCorporateSoei.i Re,—, (CSR,.p~>»**•

1* No amount, b.». been ,« tide o, proponed to be ,e. „ide to reserae to meet an, specilie liability, contingency or commitment loto»,i to exit ,t the date as at which balance sheet made up.

20    Undisclosed Income:

There are no transactions that were not recorded in the books of account, and which has been surrendered or disclosed as income during the year in the tax assessments under the Income Tax Act, 196! (43 of 1961).

There is no previously unrecorded income and related assets have been recorded in the books ot account during the year.

21    Details uf Crypto Currency or Virtual Currency:

The Company has not traded or invested in Crypto currency or Virtual Currency during the financial year.

22    Dues to Micro, Small and Medium Enterprise (MSME):

The dues towards micro, small and medium enterprises have been disclosed in the scheduleds to balance sheet.

26 Employee Benefit (Incurred in India):

Gratuity - The Present value of obligation is determined based on actuarial valuation using the Projected Unit Credit Method This method considers

H- to an additional unit of benefit entitlement and measures each unit separately to butld up the final obligation.

interest Cost: It is the increase in the Plan liability overtire accounting period resulting from the operation of the actuarial assumption of the interest

Current Service Cost: is the discounted present value of the benefits from the Plan's benefit formula attributable to the services rendered by employees during the accounting period.

Actuarial Gain or Loss: occurs when the experience of the Plat, differs from that anticipated from the actuarial assumptions, it could also occur due to changes made in the actuarial assumptions.

The estimates oI rate of escalation in salary considered in actuarial valuation, take into account inflation, seniority, promotion and other relevant factors including supply and demand in the employment market, 'llic above information is certified by the actuary.

27 ( ash Flow Statement;

(1)    The amount of significant cash and cash equivalent balances held by the enterprise as at March 31,2023 was Rs.5,70,901.94 that are available for use by Company,

(2)    Company docs not have undrawn borrowing facilities that may be available for future operating activities.

(3)    The Company has appropriate amount of Cash Flows that are required to maintain operating capacity.

(4)    Company is investing adequately in the maintenance of its operating capacity.

(5)    There are no non cash transactions happened in investing and financing activities to be excluded from Cash Flow Statement.

28    Changes in Accounting Estimates:

There arc no changes in Accounting Estimates made by the Company during the year-

29    Changes in Accounting Policies:

There are no changes in Accounting Policies made by the Company during the year.

30    Disclosures on Property, Plant and Equipment and Intangible Assets:

I. Property, Plant and Equipment

(1)    There is no restriction on the title of Property, Plant and Equipment, subject to only those which arc under hypothicalion/ charge.

(2)    Company has no contractual commitments for the acquisition of Property,Plant & Equipment.

(3)    Company has no Impairment loss during the period for Property, Plant & Equipment.

(4)    Assets are periodically checked for active usage and those which are retired arc written oil.

(5)    There are no temporarily idle property, plant and equipment.

(6)    Intangible asset is amortised as per Schedule 11.

(7)    The carrying amount and remaining amortization period of any individual intangible asset are not material to the financial statements ol die enterprise as a whole.

(R) There are no amounts of intangible assets whose title is restricted and the carrying amounts of intangible assets pledged as security for liabilities.

31    Investments:

I. Profits and Losses with Regard to Investments have been Disclosed as under:

a)    Profits and losses on disposal of current investments

b)    Profits and losses on changes in the carrying amount of current investments

c)    Profits and losses on disposal of long-term investments

d)    Profits and losses on changes in the carrying amount of long- term investments

34 INTERIM FINANCIAL REPORTING:

1)    If an estimate of an amount reported in an interim period is changed significantly during the final interim period of the financial year but a separate financial report is not prepared and presented lor lhal final interim period, the nature and amount of that change in estimate should be disclosed in a note to the annual financial statements for that financial year.

2)    The measurement procedures to be followed in an interim financial report should be designed is appropriately disclosed.

33 Balance shown under head Sundry debtors, creditors and advances are subject to confirmation.

3f, Previous year's figures have been regrouped / reclassified wherever    with current year's «W.ficuu«.i.