| 1.1 Compliance with Accounting Standards
(i) Related Party Transaction
During the financial year, the Company has not entered into transaction
with related parties.
(ii) As per Accounting Standard 22 on accounting for taxes on Income
issued by Institute of Chartered Accountants of India, the Company has
not accounted for asset/liability for the year as the amount involved
was not material.
1.2 Earning Per Share
Basic & Diluted EPS is 0.01
Basic earning per equity share has been computed by dividing net profit
after tax by the weighted average number of equity shares outstanding
during the period. There are no potential equity shares outstanding and
as such the Diluted earning per share is same as basic earning per
share.
1.3 Amortisation of Preliminary Expenses
The Preliminary Expenses are amortised over a period of 5 years in
equal instalment as per the provision of Section 35B of the Income Tax
Act, 1961. The fees paid to the Bombay Stock Exchange for the Direct
Listing of the Securities of the Company has been categorized as
Preliminary Expenses and will be amortised over a period of 5 years.
1.4 Other Information
Previous year figures heve been rearranged/regrouped, wherever
necessary, to comply with the disclosure requirements of Revised
Schedule VI of the Companies Act, 1956.
Sundry Debit and Credit Balance are subject to confirmation.
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