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31st March
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31st March
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2026
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2025
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20.1 Contingent liabilities and commitments (to the extent not provided for)
(i) Contingent liabilities
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(Rs. In lakhs)
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(Rs. In lakhs)
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(a) Claims against the Company not acknowledged as debt
(b) Guarantees
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Nil
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Nil
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(i) Guarantees to Banks and Financial Institutions against credit facilities extended to Subsidiaries
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500.00
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400.00
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20.2 Disclosures required under Section 22 of the Micro, Small and Medium Enterprises Development Act, 2006
Micro, Small and Medium Enterprises in terms of section 22 of the Micro, Small and Medium Enterprises Development Act, 2006 have been determined to the extent such parties have been identified on the basis of information available with the Company and relied upon by the auditors. However, in the opinion of the management, the impact of interest, if any, that may be payable in accordance with the provision of this Act is not expected to be material.
20.7 The balances appearing under trade payables, trade receivable, other financial assets and banks are subject to confirmation and reconciliation and consequential adjustment, if any, will be accounted for in the year of confirmation and/or reconciliation.
20.8 In the opinion of the Board, assets other than fixed assets do have a value on realisation in the ordinary course of
business at least equal to the amount at which they are stated. '
20.9 During the year, On 1st April, 2025, the company has acquired 100% of the equity share capital of Pavnov8 Pvt Ltd (Previously known as Auro Fintech Pvt Ltd) from existing shareholders for a consideration of Rs. 60.57 lakhs. Consequently, Pavnov8 Pvt Ltd (Previously known as Auro Fintech Pvt Ltd) has become a subsidiary of the company with effect from 1st April, 2025.
20.10 As a matter of prudence, in the absence of any virtual certainty, the company has not created deferred tax asset on accumulated losses.
20.11 Since the Company has less than prescribed number of employees, it recognises gratuity and leave salary expense on payment basis and no liability for the same has been ascertained and provided in the accounts. Hence, the company is not required to comply with the provisions of IND AS—19 "Employee Benefits".
20.12 The company's financial assets constitute more than 50% of the total assets, however the income from such financial assets does not constitute 50% of the Gross income. As such, the company's business cannot be classified as Financial activity. Accordingly, the company is not required to obtain registration from RBI in pursuance of Section 45-IA of the RBI Act, 1934
20.13 Previous year's figures have been regrouped/reclassified wherever necessary to correspond with the current year's classification/disclosure.
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