1.12 Provision for Current Tax:
Current tax in respect of taxable income for the year is recognised based on applicable tax rate and laws.
Deferred tax is recognised for all the timing differences, subject to the consideration of prudence in respect of
deferred tax assets. Deferred tax assets are recognised and carried forward only to the extent that there is a
reasonable certainty that sufficient future taxable income will be available against which such deferred tax
assets can be realised. Deferred tax assets and liabilities are measured using the tax rates and tax laws that
have been enacted or substantively enacted by the Balance Sheet date.
1.13 Earning Per Share:
The Company reports basic and diluted earnings per equity share in accordance with Accounting Standard-20,
“Earnings Per Share”. Basic earnings per equity share are computed by dividing net profit/loss after tax
(including the post tax effect of extraordinary items, if any) attributable to equity shareholders by the weighted
average number of equity shares outstanding during the year. Diluted earnings during the year adjusted for
effects of all dilutive potential equity shares per equity share is computed using the weighted average number
of equity shares and dilutive potential equity shares outstanding during the year.
1.14 Cash and Cash Equivalents:
Cash comprises cash in hand and demand deposits with banks. Cash equivalents are short-term balances (with
an original maturity of three months or less from the date of acquisition), highly liquid investments that are
readily convertible into known amounts of cash and which are subject to insignificant risk of changes in value.
1.15 Recent pronouncements
Ministry of Corporate Affairs (“MCA”) notifies new standard or amendments to the existing standards under
Companies (Indian Accounting Standards) Rules as issued from time to time. On March 23, 2022, MCA
amended the Companies (Indian Accounting Standards) Amendment Rules, 2022, applicable from April 1,
a) Ind AS 103 - Reference to Conceptual Framework
The amendments specify that to qualify for recognition as part of applying the acquisition method, the
identifiable assets acquired and liabilities assumed must meet the definitions of assets and liabilities in the
Conceptual Framework for Financial Reporting under Indian Accounting Standards (Conceptual Framework)
issued by the Institute of Chartered Accountants of India at the acquisition date. These changes do not
significantly change the requirements of Ind AS 103. The Company does not expect the amendment to have
any significant impact in its financial statements.
b) Ind AS 16 — Proceeds before intended use
The amendments mainly prohibit an entity from deducting from the cost of property, plant and equipment
amounts received from selling items produced while the company is preparing the asset for its intended use.
Instead, an entity will recognise such sales proceeds and related cost in profit or loss. The Company does not
expect the amendments to have any impact in its recognition of its property, plant and equipment in its
financial statements.
c) Ind AS 37 — Onerous Contracts - Costs of fulfilling a contract
The amendments specify that that the ‘cost of fulfilling’ a contract comprises the ‘costs that relate directly to
the contract’. Costs that relate directly to a contract can either be incremental costs of fulfilling that contract
(examples would be direct labour, materials) or an allocation of other costs that relate directly to fulfilling
contracts. The amendment is essentially a clarification and the Company does not expect the amendment to
have any significant impact in its financial statements.
d) Ind AS 109 — Annual improvements to Ind AS (2021)
The amendment clarifies which fees an entity includes when it applies the ‘10 percent’ test of Ind AS 109 in
assessing whether to derecognise a financial liability. The Company does not expect the amendment to have
any significant impact in its financial statements.
Disclosures required under Section 22 of the Micro, Small and Medium Enterprises Development Act,
30.1 2006
Based on the information available with the Company, creditors have been identified as “supplier” within the meaning of
“ Micro, Small and Medium Enterprises Development (MSMED) Act 2006”. This information has been relied upon by
the auditors.
30.2 Foreign Currency Transaction
The foreign Exchange transaction entered into are marked to market as on the closing date and any difference is
transferred to profit and loss account
30.3 Employee benefits plans
Short-term employee benefits are recognized as an expense at the undiscounted amount in the profit and loss account
of the year in which the related service is rendered.
No provision is made for Gratuity, it will be recorded on payment basis.
Employee benefits include provident fund long service awards and post-employment medical benefits.
Post-Employment Benefits
A defined contribution plan is a post-employment benefit plan under which the Company pays specified contributions to
a separate entity. The Company makes specified monthly contributions towards Provident Fund. The Company’s
contribution is recognised as an expense in the Profit and Loss Statement during the period in which the employee
renders the related service.
Defined Contribution Plans
The liability in respect of defined contribution plans and other post-employment benefits is calculated using the
Projected Unit Credit Method and spread over the period during which the benefit is expected to be derived from
employees’ services.
Actuarial gains and losses in respect of post-employment and other long term benefits are charged to the Profit and Loss
Statement.
Deferred tax is recognised on temporary differences between the carrying amounts of assets and liabilities and the
amount used for taxation purpose (tax base), at the tax Tax effects of signifi cant timing differences, that resulted in
Deferred Tax Asset & Liabilities and description of item thereof that creates these differences are as follows :
An item of property, plant and equipment/intangible assets is treated as impaired when the carrying value of the assets
exceeds its recoverable value, being higher of the fair value less cost to sell and the value in use. An impairment loss is
recognized as an expense in the Profit and Loss Account in the year in which an asset is impaired. The impairment loss
recognized in prior accounting period is reversed if there has been an improvement in recoverable amount.
31 Previous year Comparatives
The figures of the previous year have been regrouped/re-arranged wherever necessary for true and fair presentation of
the financial statements.
32 Figures are rounded off to the nearest multiple of hundred and shown in balance sheet in thousands
As per our Report of even date
Surana Sunil & Co. FOR DHANASHREE ELECTRONICS LIMITED
Chartered Accountants
FRN No. 325616E
Nitesh Toshniwal
Managing Director(DIN:00052422)
CA PALLAVI KOTHARI Rishav Sethia
Partner Director(DIN:10196319)
Membership No - 301084
UDIN: 25301084BMUKWZ9013 Gopal Sharma
Company Secretary(Mem No.A.19384)
Place: Kolkata
Date: 30th May, 2025
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