xvii) Provisions, Contingent Liabilities and Contingent Assets
Provision is recognized only when the Company has a present obligation as a result of past event and it is probable that an outflow of resources
will be required to settle the obligation in the respect of which a reliable estimate can be made based on technical evaluation and past
experience. Provisions are not discounted to its present value and are determined based on management estimate required to settle the
obligation at the Balance Sheet date. These are reviewed at each Balance Sheet date and adjusted to reflect the current best estimates.
xviii) Fair Value measurement
a) The Company measures financial instruments i.e. derivative contracts at fair value at each balance sheet date.
b) Fair value is the price that would be received on selling an asset or paid to transfer a liability in an orderly transaction between market
participants at the measurement date in the principal or, in its absence, the most advantageous market to which the Company has access at
that date.
c) While measuring the fair value of an asset or liability, the Company uses valuation techniques that are appropriate in the circumstances and
for which sufficient data are available to measure the fair value using observable market data as far as possible and minimising the use of
unobservable inputs. Fair values are categorised into 3 levels as follows:
Level 1: quoted prices (unadjusted) in active markets for identical assets or liabilities.
Level 2:inputs other than quoted prices that are observable for the assets or liability, either directly (i.e. as prices for similar item) or indirectly (i.e.
derived from prices)
Level 3: inputs that are not based on observable market data (unobservable inputs)
xix) Financial Instruments
I. Financial Assets other than derivatives
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
(FVTPL), transaction costs that are attributable to the acquisition of the financial asset. However, trade receivables that do not contain a
significant financing component are measured at transaction price.
A financial asset is measured (subsequent measurement) at the amortised cost if the asset is held within a business model whose objective
is to hold assets for collecting contractual cash flows, and the contractual terms of the asset give rise on specified dates to cash flows that are
solely payments of principal and interest on the principal amount outstanding.
Amortised cost is net of any write down for impairment loss (if any) using the effective interest rate (EIR) method taking into account any
discount or premium and fees or costs that are an integral part of the EIR.
A financial asset is derecognised either partly or fully to the extent the rights to receive cash flows from the asset have expired and / or the
control on the asset has been transferred to a third party. On de-recognition, any gains or losses are recognised in the Statement of Profit &
Loss.
ii. Financial Liabilities other than derivatives
All financial liabilities are recognised initially at fair value net of transaction costs that are attributable to the respective liabilities.
After initial recognition, financial liabilities are subsequently measured at amortised cost using the effective interest rate method (“EIR”).
Amortised cost is calculated by taking into account any discount or premium on acquisition and fees or costs that are an integral part of the
EIR. The EIR amortisation is included as finance costs in the Statement of Profit & Loss.
A financial liability is derecognised 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 recognised in the Statement of Profit & Loss.
iii. Offsetting of financial instruments
Financial assets and financial liabilities are offset and the net amount is reported in the balance sheet if there is a currently enforceable
legal right to offset the recognised amounts and there is an intention to settle on a net basis, or to realise the assets and settle the liabilities
simultaneously.
xx) Classification of Assets and Liabilities as Current and Non-Current:
All assets and liabilities are classified as current if they are expected to be realised / settled within twelve months after the reporting period.
All other assets and liabilities are considered as non-current.
D. Other Long Term Benefits
The Company does not have any other Long Term benefits
37 : Accounting Standard (Ind AS) "Segment Reporting":
The Company has identified business segments as its primary segment. Business segments are primarily Healthcare,Fine Chemicals and
Rent on Immovable property. Revenues and expenses directly attributable to segments are reported under each reportable segment.
Expenses which are not directly identifiable to each reportable segment have been allocated on the basis of associated revenues of the
segment and manpower efforts.All other expenses which are not attributable to segments have been disclosed as unallocable expenses.
Assets and liabilities that are directly attributable or allocable to segments are disclosed under each reportable segment. All other assets and
liabilities are discolosed as unallocable. Fixed assets that are used interchangeably amongst segments are not allocated to primary segments.
(ii) The management assessed that the fair values of cash and cash equivalents, other bank balances, trade receivables, loans, other financial
assets, borrowings, trade payables, and other financial liabilities approximates their carrying amounts largely due to the short-term maturities of
these instruments.
(iii) Fair value of non current other financial assets approximates their carrying amount due to no change in redemption value.
(iv) For Financial assets and liabilities that are measured at fair value, the carrying amounts are equal to their fair values.
(v) The fair value of the financial assets and financial liabilities is included at the amount at which the instruments could be exchanged in a current
transaction between willing parties, other than in a forced or liquidation sale.
(vi) The following methods and assumptions were used to estimate the fair values:aThe Equity Investments which are Quoted, the fair value has
been taken at the market prices/ NAV of the same as on the reporting dates. They are classified as Level 1 fair values in fair value hierarchy.bThe
derivative financial instruments which are unquoted, the fair value has been taken at based on value certificate given by respective Banks.
They are classified as Level 2 fair values in fair value hierarchy.cThe Equity Investments which are Unquoted, the fair value has been taken as
per the valuation report certified by Chartered Accountant as on the reporting dates. They are classified as Level 3 fair values in fair value
hierarchy.
(vii) Fair Value Hierarchy
A The following are the judgements and estimates made in determining the fair values of the financial instruments that are
(a) recognized and measured at fair value and
(b) measured at amortized cost and for which fair value are disclosed in the financial statements. To provide an indication about the reliability of
the inputs used in determining fair value, the company has classified its financial instruments into the three levels of fair value measurement as
prescribed under the Ind AS 113 "Fair Value Measurement". An explanation of each level follows underneath the tables.
a Assets and Liabilities measured at Fair Value.
51: OTHER DISCLOSURE UNDER SCHEDULE-III
1. No funds have been advanced or loaned or invested by the company to or in any other persons or entities, including foreign entities
(Intermediaries) with the understanding, whether recorded in writing or otherwise, that the intermediary shall, whether, 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 provide any
guarantee, security or the like on behalf of the Ultimate Beneficiaries.
2. No funds have been received by the compay from any persons or entities, including foreign entities (Funding Parties) with the understanding,
whether recorded in writing or othersise, that the company shall, whether, 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 provide any guarantee, security or the like on behalf of
the Ultimate Beneficiaries.
3. The company does not have any contingent liabilities as on 31st March 2025
4. The Company does not have any long-term contracts including derivative contracts for which there are any material forseable losses.
5. No proceedings have been initiated or pending against the company for holding any benami property under the Benami Transactions
(Prohibition) Act, 1988 (45 of 1988).
6. The Company has not been declared as wilful defaulter by any bank or financial Institution or other lender.
7. During the year, 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.
8. There are no transactions which have not been recorded in the books of accounts and which have been surrendered or disclosed as income
during the year in the tax assessments under the Income Tax Act, 1961.
9. A charge of INR 1,10,00,000/- created on 16.12.1994, remains unsatisfied despite the debt has been repaid.
10. The company does not have layers beyond the number prescribed under clause (87) of section 2 of the Act read with Companies (Restriction on
number of Layers) Rules, 2017.
11. The company has not traded or invested in Crypto Currency or Virtual Currency during the financial year.
52: Recent Pronouncements
Ministry of Corporate Affairs (“MCA”) notifies new standards or amendments to the existing standards under Companies (Indian Accounting
Standards) Rules as issued from time to time. On March 31,2023, MCA amended the Companies (Indian Accounting Standards) Amendment
Rules, 2023, as below:
Ind AS 1 - Presentation of Financial Statements - This amendment requires the entities to disclose their material accounting policies rather than
their significant accounting policies. The effective date for adoption of this amendment is annual periods beginning on or after April 1,2023. The
Company has evaluated the amendment and the impact of the amendment is insignificant in the standalone financial statements.
Ind AS 8 - Accounting Policies, Changes in Accounting Estimates and Errors - This amendment has introduced a definition of ‘accounting
estimates’ and included amendments to Ind AS 8 to help entities distinguish changes in accounting policies from changes in accounting
estimates.
The effective date for adoption of this amendment is annual periods beginning on or after April 1, 2023. The Company has evaluated the
amendment and there is no impact on its standalone financial statements.
Ind AS 12 - Income Taxes - This amendment has narrowed the scope of the initial recognition exemption so that it does not apply to transactions
that give rise to equal and offsetting temporary differences. The effective date for adoption of this amendment is annual periods beginning on or
after April 1,2023. The Company has evaluated the amendment and there is no impact on its standalone financial statement.
53 : Previous year figures re-grouped / re-classified where ever necessary
As Per Our Report of Even Date attached
For V Nagarajan & Co For and on behalf of the Board
Chartered Accountants
Firm Regn No. 004879N Srinivasa Raghavan Jeyavel B. Nadar
Mathurakavi Ayyangar Executive Director & CFO
Managing Director DIN: 08163899
DIN: 00090266
Shankar Cherukupally Priyanka O. Sharma
Partner Company Secretary
M.No 252304 M. No. A52518
Place : Hyderabad Place: Mumbai
Date : 24th April 2025 Date: 24th April 2025
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