j) Contingent Liabilities
A contingent liability is a possible obligation that arises from past events whose existence will
be confirmed by the occurrence or non-occurrence of one or more uncertain future events
beyond the control of the company or a present obligation that is not recognized because it is
not probable that an outflow of resources will be required to settle the obligation. A contingent
liability also arises in extremely rare cases where there is a liability that cannot be recognized
because it cannot be measured reliably. The company does not recognize a contingent liability
but discloses its existence in the financial statements.
k) Gratuity and other Benefits to Employees
The contribution to provident fund is being made monthly and is accounted for on accrual
basis. Provision of Gratuity has however not been made.
l) Prior period and extra ordinary Items
Material events accruing after the Balance Sheet date are taken into cognizance. These items
and changes in accounting policies, if material, are separately disclosed wherever required. The
changes in accounting policies are generally made only where so required by statutes or
standards or by compulsions of convenience.
15 Contingent liabilities and capital and other commitments
There are no capital commitments, other commitments and contingent liabilities as on 31st March 2025
16. Earnings Per Share (EPS)
The earning considered in ascertaining the company’s EPS comprises the profit available for shareholders i.e. profit
after tax and statutory/regulatory appropriations. The number of shares used in computing Basic EPS is the
weighted average number of shares outstanding during the year as per the guidelines issued.
16 Segment Reporting
During the year under consideration, the company operated with no specific segment.
17 Regroupings/Reclassifications
The Previous year figures have been recomputed, reclassified, regrouped & rearranged wherever considered
necessary to make them comparable w'ith current year figures
(a) The Company did not hold any benami property during the year.
(b) The Company has not been declared as a wilful defaulter by any bank or financial Institution or other lender.
(c) The Company did not have any transactions with struck off companies during the year under Section 248 or 560 of the Companies Act, 2013.
(d) No loans/advances were given to promoters, directors, KMPs & other related parties that were payable on demand or without specifying any terms &
(e) Neither any charges were created on the assets of the company during the year with the Registrar of companies nor was satisfaction of any charge
pending beyond the stipulated period.
(f) The Company did not deal in any manner whatsoever with cry pto currency/virtual currency during the year.
(g) The Company has not advanced/loaned/invested funds to any other pcrson(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)
(ii) provide any guarantee, security or the like to or on behalf of the Ultimate Beneficiaries
(h) The Company has not received funds 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 party1 (Ultimate
(ii) provide any guarantee, security' or the like to or on behalf of the Ultimate Beneficiaries
(i) The Company neither declared nor paid any Dividend during the financial year.Hence, disclosure under provisions of Section 113 are not applicable,
(j) The Company does not have any transaction which is not recorded in the books of accounts that has been surrendered or disclosed as income in the tax
assessments under the Income Tax Act, 1961 such as search, survey or any other provisions of the Income Tax Act, 1961.
(k) The Company has used borrowings from Banks and Financial Institutions for the specific purpose for which it was obtained.
(l) Quarterly returns or statements of current assets filed by the Companywith Banks or Financial Institutions are in agreement with the books of accounts.
(m) The title deeds of all immovable properties (other than immovable properties where the Company is the lessee and the lease agreements are duly executed
in favour of the Company) disclosed in the financial statements included in property, plant and equipment and capital work in process are held in the name of
the Company as at the Balance Sheet date.
(n) The company has complied with the number of layers prescribed under clause (87) of section 2 of the Act read with the Companies (Restriction on number
of Layers) Rules, 2017.
(o) The Company has not revalued its property, plant and equipment (including right-of-use assets) or intangible assets or both during the current or previous yeai
Signature to Note No. 1 to 21) forming part of the Balance Sheet and Statement of Profit & Loss.
As per our audit repon of even date.
For, Shamhhu Gupta & Co. For, Neelkanth Rockminerals Ltd.
Chartered Accountants
FRN No.:- 007234C
Mr. Noratmal Kawar Mr. Anil Kawar
CA Gorang Baheti (Managing Director) (Director)
Partne r (DIN: 00464435) (DIN: 00464524)
Membership No. 426813
Place: Mumbai Rameshwar Jangid SourabhArora
Date: 30th May, 2025_CFO_Company Secretary_
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