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You can view the entire text of Notes to accounts of the company for the latest year

ISIN: INE0PS501019INDUSTRY: Engineering - Heavy

NSE   ` 134.00   Open: 134.65   Today's Range 134.00
134.65
+5.00 (+ 3.73 %) Prev Close: 129.00 52 Week Range 93.10
158.00
Year End :2024-03 

Note:-(i) The Company has issued 66,44,445 Shares of face value of Rs.10 per shares as bonus shares on 06/01/2023.

(ii) The Company has issued 27,00,000 Equity shares of face value of Rs.10 per shares as fresh shares on 05/07/2023.

TRrm / Riphts Attached to Enuitv Shares

The Company has only one class of Equity Shares with a par value of Rs. 10 per Shares. Each Holder of Equity Shares is entitled to one vote per share. In an event of liquidation of the company, the holders of equity shares will be entitled to receive remaining assets of the company. The distribution will be in proporation to number of equity shares held by the Company.

b) Gratuity Defined Contribution Plan :

The liability for the Gratuity is determined on the basis of an independent actuarial valuation done at the year-end. The actuarial valuation method used for measuring the liability is the Projected Unit Credit method. The obligation are measured as the present value of estimated future cash flows discounted at rates reflecting the prevailing market yields of Indian Government securities as at the Balance Sheet date for the estimated term of the obligations. The estimates of future salary increases considered takes into account the inflation, seniority, promotion and other relevant factors.

Best estimate for contibution during next period 12.34

3.6 Sensitivity Analysis:Significant actuarial assumptions for the detrrmination of the defined benifit obligation are discount rate and expected salary increase rate.Effect of Changes in mortality rate is negligible.Please note that the sensitivity analysis presented below may not be representative of the actual change in the defined benefit obligation as it is unlikely that the change in assumption would occur in isolation of one another as some of the assumptions may be corected.The results of sensitivity analysis are given below:

34 Contingent Liability

As per the information and explanations given by the Company, there are no contingent liabilities.

35 Other General Disclosures :

a The Company does not have any Benami property, where any proceeding has been initiated or pending against the Company for holding any Benami property.

b The Company does not have any transactions with companies struck off.

c The Company does not have any charges or satisfaction which is yet to be registered with ROC beyond thestatutory period, d The Company have not traded or invested in Crypto currency or Virtual Currency during the financial year.

e The Company does not have any such transaction which is not recorded in the books of accounts that hasbeen surrendered or disclosed as income during the year in the tax assessments under the Income Tax Act, 1961 (such as, search or survey or any other relevant provisions of the Income Tax Act, 1961).

f The Company has not been declared as Wilful defaulter by any Banks, Financial institution or Other lenders.

9 Additional Information Required in Schedule III of the Companies Act, 2013 to the extent not applicable has not been provided.

36 Previous Years Figures have been regrouped and reclassified wherever necessary._