In accordance with AS 18, disclosures in respect of transactions with identified related parties are given only for such period during which the relationship existed. Related party relationships as given above are as identified by the Company and relied upon by the auditors.
29 The loan taken from director is due and repayable at the option of the company before the expiration of the term. There is no continuing default as at 31st March 2024 in the repayment of the respective loan or Interest amounts.
30 As per the best estimate of the management, no provision is required to be made as per Accounting Standard 29 (AS 29) Provisions, Contingent Liabilities and Contingent Assets as specified under Section 133 of the Companies Act, 2013, read with Rule 7 of the Companies (Accounts) Rules, 2014, as amended, in respect of any present obligation as a result of a past event that could lead to a probable outflow of resources, which would be required to settle the obligation.
31 In the opinion of the Board of Directors, all current assets, short-term and long-term loans and advances appearing in the balance sheet as at 31st March 2024 have a value on realization in the ordinary course of the Company's business at least equal to the amount at which they are stated in the balance sheet and no provision is required to be made against the recoverability of these balances .
32 The Company has not entered into any derivative instruments during the period. There are no foreign currency exposures as at 31st March 2024.
33 There are contingent liabilities to be reported as at 31 st March 2024. (Bank Guarantee of Rs. 22.96 Lakhs- issued to Custom Department against EPCG License on import of Machinery)
34 There are no capital and other commitments to be reported as at 31 st March 2024.
35 In respect of amounts as mentioned under Section 125 of the Companies Act, 2013, there were no dues required to be credited to the Investor Education and Protection Fund as at 31 March 2024.
36 The disclosure in respect of the amounts payable to Micro, Small and Medium enterprises as at 31 March 2024 has been made in the financial statements based on information received and available with the Company. Based on the information currently available with the Company, there are no over dues payable to Micro and Small 'Suppliers' as defined i n the Micro, Small and Medium Enterprises Development Act, 2006.
37 In the opinion of the Board of Directors, no provision is required towards diminution in value of non-current investments.
*There is no significant change (i.e. change of 25% or more as compared to the immediately previous financial year) in the other key financial ratios.
39 (i) The Company has not received any funds from any person(s) or entity(ies), including foreign entities (Funding Party) with the understanding (whether recorded in writing or otherwise) that the Company shall;
(a) 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
(b) provide any guarantee, security or the like to or on behalf of the Ultimate Beneficiaries.
(ii) The Company has not advanced or loaned or invested any funds from any person(s) or entity(ies), including foreign entities (Intermediaries) with the understanding (whether recorded in writing or otherwise) that the Intermediaries shall;
(a) 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
(b) provide any guarantee, security or the like to or on b ehalf of the Ultimate Beneficiaries.
40 There are no proceedings initiated or pending against the Company for holding any benami property under the Benami Transactions (Prohibition) Act, 1988 (45 of 1988) during the year ended March 31,2024 (Previous year Rs. Nil).
41 The Company have taken borrowings from banks or financial institutions on the basis of security of current assets during the year ended March 31,2024 amounting to Rs. 1561.22 Lakhs (Previous year Rs. 1998.93 Lakhs).
42 There are no any bank or financial institution or other lender declared to Company a wilful defaulter during the year (Previous year Rs. Nil).
43 The company has not entered into any transactions with companies struck off under section 248 of the Companies Act, 2013 or section 560 of Companies Act, 1956 during the year ended March 31,2024 (Previous year Rs. Nil).
44 There are no charges or satisfaction yet to be registered with Registrar of Companies by the Company during the year (Previous year Rs. Nil).
45 The Company did not enter into any transactions which are not recorded in the books of accounts and has been surrendered or disclosed as income during the year in the tax assessments under the Income Tax Act, 1961. (Previous year Rs. Nil).
46 The Company has not traded or invested in crypto currency or virtual currency during the financial year ended March 31,2024 (Previ ous year Rs. Nil ).
Company has complied with the number of layers prescribed under clause (87) of section 2 of the Act read with Companies (Restrictio n on number of Layers) Rules, 2017.
48 No loan or advances in the nature of loans are granted to the promoters, directors, key managerial persons and the related parties (as defined under Companies Act, 2013), either severally or jointly with any other person that are:
(a) repayable on demand or
(b) withou t specifying any terms or period of repayment
49 All amounts disclosed in the financial statements and notes have been rounded off to the nearest Lakhs as per the requirement of Schedule III, unless otherwise stated.
Previous year numbers have been regrouped/reclassified wherever considered necessary, to confirm to current
50 year's classification.
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