8. Provisions and contingent liabilities
A provision is recognized if, as a result of a past event, the Company has a present legal or constructive
obligation that can be estimated reliably, and it is probable that an outflow of economic benefits will be
required to settle the obligation. If the effect of the time value of money is material, provisions are
determined by discounting the expected future cash flows at a pre-tax rate that reflects current market
assessments of the time value of money and the risks specific to the liability. When discounting is used, the
increase in the provision due to the passage of time is recognized as a finance cost.
The amount recognized as a provision is the best estimate of the consideration required to settle the present
obligation at reporting date, taking into account the risks and uncertainties surrounding the obligation.
When some or all of the economic benefits required to settle a provision are expected to be recovered from
a third party, the receivable is recognized as an asset if it is virtually certain that reimbursement will be
received and the amount of the receivable can be measured reliably. The expense relating to a provision is
presented in the statement of profit and loss net of any reimbursement.
Contingent liabilities are possible obligations that arise from past events and whose existence will only be
confirmed by the occurrence or non-occurrence of one or more future events not wholly within the control
of the Company.
Where it is not probable that an outflow of economic benefits will be required, or the amount cannot be
estimated reliably, the obligation is disclosed as a contingent liability, unless the probability of outflow of
economic benefits is remote. Contingent liabilities are disclosed on the basis of judgment of the
management/independent experts.
These are reviewed at each balance sheet date and are adjusted to reflect the current management estimate.
9. Foreign currency transactions and translation
Transactions in foreign currencies are initially recorded at the functional currency spot rates at the date the
transaction first qualifies for recognition.
Monetary assets and liabilities denominated in foreign currencies are translated at the functional currency
spot rates of exchange at the reporting date. Exchange differences arising on settlement or translation of
monetary items are recognized in profit or loss in the year in which it arises.
Non-monetary items are measured in terms of historical cost in a foreign currency are translated using the
exchange rate at the date of the transaction.
10. Revenue
Company’s revenues arise primarily from sale of goods, apart from nominal other income.
Revenue from other income comprises interest from banks, employees, contractors etc., dividend from
investments, sale of scrap, other miscellaneous income, etc.
10.1 Revenue from sale of goods
Revenue from the sale of goods is measured at the fair value of the consideration received or receivable.
Revenue is recognized when the significant risks and rewards of ownership have been transferred to
the buyer, recovery of the consideration is probable, the associated costs can be estimated reliably, there
is no continuing management involvement, and the amount of revenue can be measured reliably.
Revenue from sale of goods includes an accrual for sales delivered to customers but not yet billed i.e.
unbilled revenue.
10.2 Revenue from services
Revenue from services if any, rendered is recognized in profit or loss in proportion to the stage of
completion of the transaction at the reporting date. The stage of completion is assessed by reference to
actual progress/technical assessment of work executed, in line with the terms of the respective
consultancy contracts. Claims for reimbursement of expenses are recognized as other income, as per
the terms of the consultancy service contracts.
10.3Other income
Interest income is recognized, when no significant uncertainty as to measurability or collectability
exists, on a time proportion basis taking into account the amount outstanding and the applicable interest
rate, using the effective interest rate method (EIR).
Scrap is accounted for as and when sold.
Revenue from rentals and operating leases is recognized on an accrual basis in accordance with the
substance of the relevant agreement.
For debt instruments measured either at amortized cost or at fair value through other comprehensive
income (OCI), interest income is recorded using the EIR. EIR is the rate that exactly discounts the
estimated future cash payments or receipts over the expected life of the financial instrument or a shorter
period, where appropriate, to the gross carrying amount of the financial asset or to the amortized cost
of a financial liability.
When calculating the EIR, the Company estimates the expected cash flows by considering all the
contractual terms of the financial instrument (for example, prepayment, extension, call and similar
options) but does not consider the expected credit losses.
Interest income is included in other income in the statement of profit and loss.
Dividend income is recognized in profit or loss on the date that the Company’s right to receive payment
is established, which in the case of quoted securities is the ex-dividend date.
11. Employee Benefits
The Company has the following employee benefit plans:
11.1Provident fund:
Provident fund is a defined contribution plan covering eligible employees. The Company and the
eligible employees make a monthly contribution to the provident fund maintained by the Regional
Provident Fund Commissioner equal to the specified percentage of the basic salary. The contributions
to the provident fund are charged to the statement of profit and loss for the year when the contributions
are due. The Company has no obligation, other than the contribution payable to the provident fund.
11.2 Gratuity
The Company has a scheme for payment of gratuity to all its employees as per provisions of the
Payment of Gratuity Act 1972. The Company provides for period end liability using the projected unit
credit method as per the actuarial valuation carried out by the Independent actuary. The cost of
providing benefit under gratuity plan are charged to the statement of profit and loss, except for there
measurements, comprising of actuarial gains and losses which are recognized in full in the statement
of other comprehensive income in the reporting period in which they occur.
11.3 Leave Encashment
The Company has a scheme for payment of leave encashment to all eligible employees. The Company
provides for period end liability using the projected unit credit method as per the actuarial valuation
carried out by the independent actuary. The cost of providing benefit under leave encashment is
charged to the statement of profit and loss, on year-to-year basis.
12. Income tax
Income tax expense comprises current and deferred tax. Current tax expense is recognized in profit or loss
except to the extent that it relates to items recognized directly in other comprehensive income or equity, in
which case it is recognized in OCI or equity.
Current tax is the expected tax payable on the taxable income for the year, using tax rates enacted or
substantively enacted and as applicable at the reporting date, and any adjustment to tax payable in respect
of previous years.
Deferred tax is recognized using the balance sheet method, providing for temporary differences between
the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for
taxation purposes. Deferred tax is measured at the tax rates that are expected to be applied to temporary
differences when they reverse, based on the laws that have been enacted or substantively enacted by the
reporting date.
Deferred tax assets and liabilities are offset if there is a legally enforceable right to offset current tax
liabilities and assets, and they relate to income taxes levied by the same tax authority.
Deferred tax is recognized in profit or loss except to the extent that it relates to items recognized directly in
OCI or equity, in which case it is recognized in OCI or equity.
A deferred tax asset is recognized to the extent that it is probable that future taxable profits will be available
against which the temporary difference can be utilized. Deferred tax assets are reviewed a teach reporting
date and are reduced to the extent that it is no longer probable that the related tax benefit will be realized.
Additional income taxes that arise from the distribution of dividends are recognized at the same time that
the liability to pay the related dividend is recognized.
13. Leases
13.1As lessee
Accounting for finance leases
Leases of property, plant and equipment where the Company, as lessee has substantially all risks and
rewards of ownership are classified as finance lease. On initial recognition, assets held under finance
leases are recorded as property, plant and equipment and the related liability is recognized under
borrowings. At inception of the lease, finance leases are recorded at amounts equal to the fair value of
the leased asset or, if lower, the present value of the minimum lease payments. Minimum lease
payments made under finance leases are apportioned between the finance expense and the reduction of
the outstanding liability.
The finance expense is allocated to each period during the lease term so as to produce a constant
periodic rate of interest on the remaining balance of the liability.
Accounting for operating leases
Leases in which a significant portion of the risks and rewards of ownership are not transferred to the
Company as lessee are classified as operating lease. Payments made under operating leases are
recognized as an expense over the lease term. Lease incentives received are recognized as an integral
part of the total lease expense, over the term of the lease.
13.2 As lessor
At inception of an arrangement, the Company determines whether such an arrangement is or contains
a lease. A specific asset is subject of a lease if fulfillment of the arrangement is dependent on the use of
that specified asset. An arrangement conveys the right to use the asset if the arrangement conveys to
the customer the right to control the use of the underlying asset. Arrangements that do not take the legal
form of a lease but convey rights to customers/suppliers to use an asset in return for a payment or a
series of payments are identified as either finance leases or operating leases.
Accounting for finance leases
Where the Company determines a long term PPA to be or to contain a lease and where the off taker has
the principal risk and rewards of ownership of the power plant through its contractual arrangements
with the Company, the arrangement is considered a finance lease. Capacity payments are apportioned
between capital repayments relating to the provision of the plant, finance income and service income.
The finance income element of the capacity payment is recognized as revenue, using a rate of return
specific to the plant to give a constant periodic rate of return on the net investment in each period. The
service income element of the capacity payment is the difference between the total capacity payment
and the amount recognized as finance income and capital repayments and recognized as revenue as it
is earned. The amounts due from lessees under finance leases are recorded in the balance sheet as
financial assets, classified as finance lease receivables, at the amount of the net investment in the lease.
Accounting for operating leases
Where the Company determines a long term PPA to be or to contain a lease and where the Company
retains the principal risks and rewards of ownership of the power plant, the arrangement is considered an
operating lease. For operating leases, the power plant is capitalized as property, plant and equipment
and depreciated over its economic life. Rental income from operating leases is recognized on a straight
line basis over the term of the arrangement.
14. Impairment of non-financial assets
The carrying amounts of the Company’s non-financial assets are reviewed at each reporting date to
determine whether there is any indication of impairment considering the provisions of Ind AS
36‘Impairment of Assets’. If any such indication exists, then the asset’s recoverable amount is estimated.
The recoverable amount of an asset or cash-generating unit is the higher of its fair value less costs to
disposal and its value in use. In assessing value in use, the estimated future cash flows are discounted to
their present value using a pre-tax discount rate that reflects current market assessments of the time value
of money and the risks specific to the asset. For the purpose of impairment testing, assets that cannot be
tested individually are grouped together into the smallest group of assets that generates cash inflows from
continuing use that are largely independent of the cash inflows of other assets or groups of assets (the “cash¬
generating unit”, or “CGU”).
An impairment loss is recognized if the carrying amount of an asset or its CGU exceeds its estimated
recoverable amount. Impairment losses are recognized in profit or loss. Impairment losses recognized in
respect of CGUs are reduced from the carrying amounts of the assets of the CGU.
Impairment losses recognized in prior periods are assessed at each reporting date for any indications that
the loss has decreased or no longer exists. An impairment loss is reversed if there has been a change in the
estimates used to determine the recoverable amount. An impairment loss is reversed only to the extent that
the asset’s carrying amount does not exceed the carrying amount that would have been determined, net of
depreciation or amortization, if no impairment loss had been recognized.
15. Operating segments
In accordance with Ind AS 108, the operating segments used to present segment information are identified
on the basis of internal reports used by the Company’s Management to allocate resources to the segments
and assess their performance. The Board of Directors is collectively the Company’s ‘Chief Operating
Decision Maker’ or ‘CODM’ within the meaning of Ind AS 108. The indicators used for internal reporting
purposes may evolve in connection with performance assessment measures put in place.
Segment results that are reported to the CODM include items directly attributable to a segment as well as
those that can be allocated on a reasonable basis. Unallocated items comprise mainly corporate expenses,
finance expenses and income tax expenses.
Revenue directly attributable to the segments is considered as segment revenue. Expenses directly
attributable to the segments and common expenses allocated on a reasonable basis are considered as
segment expenses.
Segment capital expenditure is the total cost incurred during the period to acquire property, plant and
equipment, and intangible assets other than goodwill.
Segment assets comprise property, plant and equipment, intangible assets, trade and other receivables,
inventories and other assets that can be directly or reasonably allocated to segments. For the purpose of
segment reporting for the year, property, plant and equipment have been allocated to segments based on the
extent of usage of assets for operations attributable to the respective segments.
Segment assets do not include investments, income tax assets, capital work in progress, capital advances,
corporate assets and other current assets that cannot reasonably be allocated to segments.
Segment liabilities include all operating liabilities in respect of a segment and consist principally of trade
and other payables, employee benefits and provisions. Segment liabilities do not include equity, income tax
liabilities, loans and borrowings and other liabilities and provisions that cannot reasonably be allocated to
segments.
16. Dividends
Dividends and interim dividends payable to a Company’s equity shareholders are recognized as changes in
equity in the period in which they are approved by the shareholders’ meeting and the Board of Directors
respectively.
Dividends payable on Compulsorily Redeemable Preference Shares is recognized as a liability in
accordance with applicability of Ind AS 32.
17. Material prior period errors
Material prior period errors are corrected retrospectively by restating the comparative amounts for the prior
periods presented in which the error occurred. If the error occurred before the earliest period presented, the
opening balances of assets, liabilities and equity for the earliest period presented, are restated.
18. Earnings per share
Basic earnings per equity share are computed by dividing the net profit or loss attributable to equity
shareholders of the Company by the weighted average number of equity shares outstanding during the
financial year.
Diluted earnings per equity share is computed by dividing the net profit or loss attributable to equity
shareholders of the Company by the weighted average number of equity shares considered for deriving
basic earnings per equity share and also the weighted average number of equity shares that could have been
issued upon conversion of all dilutive potential equity shares. Basic and diluted earnings per equity share
are also computed using the earnings amounts excluding the movements in regulatory deferral account
balances.
19. Cash flow statement
Cash flow statement is prepared in accordance with the indirect method prescribed in Ind AS 7‘Statement
of Cash Flows’.
20. Financial instruments
A financial instrument is any contract that gives rise to a financial asset of one entity and a financial liability
or equity instrument of another entity.
20.1 Financial assets
Initial recognition and measurement
All financial assets are recognized initially at fair value plus, in the case of financial assets not recorded
at fair value through profit or loss, transaction costs that are attributable to the acquisition or issue of
the financial asset.
Subsequent measurement
Debt instruments are measured at amortized cost/FVTOCI/FVTPL, in accordance with Ind AS 109.
Equity investments in entities other than subsidiaries and joint ventures are measured at fair
value(either FVTPL or FVTOCI, in accordance with principles enshrined in Ind AS 109.
Equity investments in subsidiaries and joint ventures are measured at cost.
De Recognition
A financial asset (or, where applicable, a part of a financial asset or part of a Company of similar
financial assets) is primarily de recognized (i.e. removed from the Company’s balance sheet) when:
• The rights to receive cash flows from the asset have expired; or
• The Company has transferred its rights to receive cash flows from the asset or has assumed
an obligation to pay the received cash flows in full without material delay to a third party
under a ‘pass-through’ arrangement and either (a) the company has transferred substantially
all the risks and rewards of the asset, or (b) the Company has neither transferred nor retained
substantially all the risks and rewards of the asset, but has transferred control of the asset.
Impairment of financial assets
In accordance with Ind AS 109, the Company applies expected credit loss (ECL) model for
measurement and recognition of impairment loss on the following financial assets and credit risk
exposure:
(a) Financial assets that are debt instruments, and are measured at amortized cost e.g., loans, debt
(b) securities, deposits, trade receivables and bank balance.
(c) Financial assets that are debt instruments and are measured as at FVTOCI.
(d) Lease receivables under Ind AS 17.
(e) Trade receivables under Ind AS 18.
(f) Loan commitments which are not measured as at FVTPL.
(g) Financial guarantee contracts which are not measured as at FVTPL.
For recognition of impairment loss on other financial assets and risk exposure, the Company
determines that whether there has been a significant increase in the credit risk since initial recognition.
If credit risk has not increased significantly, 12 month ECL is used to provide for impairment loss.
However, if credit risk has increased significantly, lifetime ECL is used. If, in a subsequent period,
credit quality of the instrument improves such that there is no longer a significant increase in credit risk
since initial recognition, then the entity reverts to recognizing impairment loss allowance based on
12-month ECL.
20.2 Financial liabilities
Initial recognition and measurement
Financial liabilities are classified, at initial recognition, as financial liabilities at fair value through
profit or loss, borrowings, payables, or as derivatives designated as hedging instruments in an effective
hedge, as appropriate. All financial liabilities are recognized initially at fair value and, in the case of
borrowings and payables, net of directly attributable transaction costs. The Company’s financial
liabilities include trade and other payables, borrowings including bank overdrafts, financial guarantee
contracts and derivative financial instruments.
Subsequent measurement
The measurement of financial liabilities depends on their classification, as described below: Financial
liabilities are subsequently measured either at amortized cost or fair value through profit or loss, in
accordance with principles enshrined in Ind AS 109.
Derecognition
A financial liability is derecognized when the obligation under the liability is discharged or cancelled
or expires. When an existing financial liability is replaced by another from the same lender on
substantially different terms, or the terms of an existing liability are substantially modified, such an
exchange or modification is treated as the de recognition of the original liability and the recognition
of a new liability. The difference in the respective carrying amounts is recognized in the statement of
profit or loss.
21. Use of estimates and management judgments
The preparation of financial statements requires management to make judgments, estimates and
assumptions that may impact the application of accounting policies and the reported value of assets,
liabilities, income, expenses and related disclosures concerning the items involved as well as contingent
assets and liabilities at the balance sheet date. The estimates and management’s judgments are based on
previous experience and other factors considered reasonable and prudent in the circumstances. Actual
results may differ from these estimates.
Estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates
are recognized in the period in which the estimates are revised and in any future periods affected.
In order to enhance understanding of the financial statements, information about significant areas of
estimation, uncertainty and critical judgments in applying accounting policies that have the most significant
effect on the amounts recognized in the financial statements is as under:
(a) Useful life of property, plant and equipment
The estimated useful life of property, plant and equipment is based on a number of factors including the
effects of obsolescence, demand, competition and other economic factors (such as the stability of the
industry and known technological advances) and the level of maintenance expenditures require to obtain
the expected future cash flows from the asset.
Useful life of the assets is determined in accordance with Schedule II of the Companies Act, 2013.The
Company reviews at the end of each reporting date the useful life of property, plant and equipment, and are
adjusted prospectively, if appropriate.
(b) Recoverable amount of property, plant and equipment
The recoverable amount of plant and equipment is based on estimates and assumptions regarding in
particular the expected market outlook and future cash flows associated. Any changes in the se assumptions
may have a material impact on the measurement of the recoverable amount and could result in impairment.
(c) Post-employment benefit plans
Employee benefit obligations are measured on the basis of actuarial assumptions which include mortality
and withdrawal rates as well as assumptions concerning future developments in discount rates, the rate of
salary increases and the inflation rate. The Company considers that the assumptions used to measure its
obligations are appropriate and documented. However, any change in these assumptions may have a
material impact on the resulting calculations.
(d) Revenues
The Company records revenue from sale of goods as per principles enunciated under Ind AS 18.
(e) Leases not in legal form of lease
Significant judgment is required to apply lease accounting rules under Appendix C to Ind AS 116
‘Determining whether an arrangement contains a lease’. In assessing the applicability to arrangements
entered into by the Company, management has exercised judgment to evaluate the right to use the
underlying asset, substance of the transactions including legally enforceable agreements and other
significant terms and conditions of the arrangements to conclude whether the arrangement needs the criteria
under Appendix C to Ind AS 116.
(f) Assets held for sale
Significant judgment is required to apply the accounting of non-current assets held for sale under Ind AS
105 ‘Non Current Assets Held for Sale and Discontinued Operations’. In assessing the applicability,
management has exercised judgment to evaluate the availability of the asset for immediate sale,
management’s commitment for the sale and probability of sale within one year to conclude if their carrying
amount will be recovered principally through a sale transaction rather than through continuing use.
(g) Provisions and contingencies
The assessments undertaken in recognizing provisions and contingencies have been made in
accordance with Ind AS 37, ‘Provisions, Contingent Liabilities and Contingent Assets’. The evaluation of
the likelihood of the contingent events has required best judgment by management regarding the probability
of exposure to potential loss. Should circumstances change following unforeseeable developments, this
likelihood could alter.
(h) Impairment test of non-financial assets
The recoverable amount of investment in joint ventures is based on estimates and assumptions regarding in
particular the future cash flows associated with the operations of the investee company. Any changes in
these assumptions may have a material impact on the measurement of the recoverable amount and could
result in impairment.
1. Movements in equity share capital:
• The share capital i.e, 55,70,35,600/- of the Company shall be reduced to 2 Equity shares of Rs. 10 each ( i.e, 1
Equity share to the promoter group and 1 Equity share to public and individuals without any consideration payable
to the existing shareholders adhering to the provisions of Companies Act and SEBI Act as mentioned in the Order
dated 11.02.2020 by the Hon’ble NCLT, Hyderabad.
2. Terms/rights attached to equity shares
The Company has only one class of shares referred to as equity shares having a par value of Rs 10 each.Each holder
of the equity share, as reflected in the records of the Company as of the date of the shareholder meeting, is entitled
to one vote in respect of each share held for all matters submitted to vote in the shareholder meeting.
In the event of liquidation of the Company, the holders of equity shares will be entitled to receive any of the
remaining assets of the Company after distribution of all preferential amounts in proportion to the number of equity
shares held by the shareholders.
In terms of the Ind AS 108 relating to “Segment Reporting”, the company operated only in Cement business segments during the
year and operates only in one geographical segment. Considering the source and nature of risks and returns the business segment will
be the primary segment for this purpose and there are no secondary segments. Consequently, in view of the management based on
control purposes, there are no reportable secondary segments in terms of the AS and hence the requirements there-under are not
applicable to the company for the year.
19. Related Party Transactions
The Company has entered with related party transactions during the year are disclosed in order to provide transparency on its financial
position and financial performance may be affected with related parties, conducted on arm’s length basis.
a. Current Year Taxation
The Company is not liable to pay any current taxes on account of current year losses, brought forward losses and unabsorbed
depreciation.
b. Minimum Alternate Tax (MAT)
The Company is not liable to pay any MAT for the current year as the Company does not have any book profits for the year.
23. Confirmation of Balances
The balances of Loans including deposits and advances are subject to confirmation from and reconciliation with the relevant parties
as on the date of balance sheet date. Any difference arising on reconciliation would be accounted in the year in which such
reconciliation is completed.
24. The promoters of the company has made the offer for sale of 48,91,500 shares between 04th July 2022 to 05th July 2022 and 26th
July 2022 to 27th July 2022 and realised Rs. 36,5126,549/- and the same is used for the business of the company,
25. Additional Regulatory Information
i. The title deeds, comprising all the immovable properties of land and buildings which are freehold, are held in the name of the
Company as at the balance sheet date.
ii. The Company has not revalued its Property, Plant and Equipment since the Company has adopted cost model as its accounting
policy to an entire class of Property, Plant and Equipment in accordance with Ind AS 16.
iii. The Company has not revalued its Intangible Asset since the Company has adopted cost model as its accounting policy to an
entire class of Intangible Asset in accordance with Ind AS 38.
iv. The Company has granted loans or advances in the nature of loans to promoters, directors, KMPs and other related parties
that are repayable on demand or without specifying any terms or period of repayment:
v. No Proceedings are initiated or are pending against the company for holding any benami property under the Benami
vi. The company has no borrowings from banks or financial institutions on the basis of security of current assets.
vii. The Company is not declared as willful defaulter by any bank or financial institution or other lenders.
viii. The company did not have any transaction with Companies struck off under Section 248 of Companies Act,2013 or section
560 of companies Act, 1956 considering the information available with the company.
ix. There are no charges or satisfactions yet to be registered with ROC beyond the statutory period by the company.
*Working capital changes in the company as a part of on-going re-structuring of business plans
“Increase in year-on-year losses incurred by the company resulting in a negative impact on the equity i.e., shareholder’s
funds
***Due to Increase in losses in the current year, there is a change in Return on Capital Employed.
xi. There are no Scheme of Arrangements approved by the Competent Authority in terms of sections 230 to 237 of the Companies
Act, 2013 during the year.
xii. To the best company’s knowledge and belief, other than as disclosed in the notes to accounts, the company has not advanced
or loaned or invested funds (either borrowed funds or share premium or any other sources or kind of funds) to any other
person(s) or entity(ies), including foreign entities (Intermediaries) with the understanding (whether recorded in writing or
otherwise) that the Intermediary shall (i) 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 (ii) provide any guarantee, security or the like
to or on behalf of the Ultimate Beneficiaries.
xiii. To the best company’s knowledge and belief, other than as disclosed in the notes to accounts, the company has not received
any fund from any other person(s) or entity(ies), including foreign entities (Funding Party) with the understanding (whether
recorded in writing or otherwise) that the company shall (i) directly or indirectly lend or invest in other 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 the like to or on behalf of the Ultimate Beneficiaries.
xiv. The Company does not have any transactions which are not recorded in the books of accounts that has been surrendered or
xv. The company is not covered under the provisions of section 135 of the Companies Act, 2013.
xvi. The Company did not trade or invest in Crypto Currency or virtual currency during the financial year. Hence, disclosures
relating to it are not applicable.
26. Previous year’s figures have been regrouped where necessary to conform to current year’s classification.
27. Figures have been rounded off to lakhs and decimals thereof.
SIGNATURE TO NOTES 1 To 30
As per our report of even date attached For and on Behalf of The Board
Bheema Cements Limited
Sd/- Sd/-
Tadimalla Raja kishore Kandula Prasanna Sai Raghuveer
For P.Murali& Co., Director Managing Director
Chartered Accountants DIN: 02091671 DIN:07063368
FRN: 007257S
Sd/- Sd/-
Sd/- Tadimalla Uma RVSSN Varma
M V Joshi Chief Financial Officer Chief Executive Officer
Partner
M.No: 020085
UDIN: 25024784BMIXTV8549 , ,
Anshul Singhai
Company Secretary
Place: Hyderabad M.No: A55037
Date: 30.05.2025
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