q) Provisions and Contingent Liabilities: - Provisions involving judgements and estimation in measurement of expenses 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.

A disclosure for a contingent liability is made when there is a possible obligation or a present obligation that probably will not require an outflow of resources.

32 Impaired Assets: -

The Board is of the opinion that there is no impairment loss in the Carrying Amounts of all the assets of the company at the Balance Sheet date. Hence during the financial year company has not provided for impairment loss in the carrying amount of assets.

33 Provisions and Contingent Liabilities: -

Provisions involving judgments and estimation in measurement of expenses 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. The Company has given a corporate guarantee to SM

Autovision Private Limited (Associate Company) in connection with financial borrowings availed from SIDBI.

Following is the total outstanding balance of borrowings of SM Autovision Pvt Ltd :

37 Borrowing Cost Disclosures

Borrowing costs on eligible assets have been capitalised on the basis of Weighted Average Cost of Capital of the company for the year, on pro rata basis.

38 Foreign Currency Transaction

During the year, there is no foreign currency transaction of the company.

41 Segment Reporting

The Company is operating in one segment only.

142 Compliance with Accounting Standards

On the basis of transactions entered during the year, the company is not required to comply with the following Accounting Standards

a) AS — 7: Construction Contracts.

b) AS — 11: The Effects of Changes in Foreign Exchange Rates

c) AS — 14: Accounting for Amalgamation

d) AS — 24: Discontinuing Operations

e) AS — 27 : Financial Reporting of Interests in Joint Ventures

44 Previous years figures have been re-grouped, rearranged and reclassified wherever necessary.

Signature to Notes 1 to 45

As per our report of even date For SM Auto Stamping Limited

M/s. S.R. Rahalkar & Associates On behalf of board

Chartered Accountants Firm Registration No. 108283W

Suresh Fegde Mukund Kulkarni

CA S.R.Rahalkar Whole Time Director Managing Director

Partner DIN: 00248850 DIN : 00248797

Membership No.014509

Date: 29th May, 2024 Suresh Jagdale Pawan Mahajan

Place: Nashik Chief Financial Officer Company Secretary

Date: 29th May, 2024 Place: Nashik