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

BSE: 522241ISIN: INE227C01017INDUSTRY: Forgings

BSE   ` 613.75   Open: 630.65   Today's Range 606.50
635.70
-24.15 ( -3.93 %) Prev Close: 637.90 52 Week Range 276.05
664.65
Year End :2026-03 

2.19 Provisions and contingencies

A provision is recognised when the Company has a present obligation as a result of past events and
it is probable that an outflow of resources will be required to settle the obligation in respect of
which a reliable estimate can be made. Provisions (excluding retirement benefits) are not
discounted to their present value and are determined based on the best 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. Contingent liabilities are disclosed in the Notes.

2.20 Insurance claims

Insurance claims are accounted for on the basis of claims admitted / expected to be admitted and
to the extent that there is no uncertainty in receiving the claims.