2.14. Provisions and contingencies:

Provisions: Provisions are recognised when there is a present obligation or constructive obligation as a result of a past event

and it is probable that an outflow of resources embodying economic benefits will be required to settle the obligation and there
is a reliable estimate of the amount of the obligation.

Contingent Liabilities: Contingent liabilities are disclosed when there is a possible obligation arising from past events the
existence of which will be confirmed only by the occurrence or non occurrence of one or more uncertain future events not
wholly within the control of the company or a present obligation that arises from past events where it is either not probable
that an outflow of resources will be required to settle or a reliable estimate of the amount cannot be made.

2.15. Earnings per share:

Basic EPS is computed by dividing the net profit attributable to shareholders by the weighted average number of equity shares
outstanding during the year.

Diluted EPS is computed using the weighted average number of equity and dilutive equity equivalent shares outstanding
during the year-end. except where the results would be anti-dilutive.

2.16 Borrowings:

Borrowing Cost that are directly attributable to the acquisition/ construction of the qualifying asset are capitalised until the
time all the substantial activities necessary to prepare such assets for the intended use are complete. All other borrowing costs
are recognised as expenditure during the period in which they are incurred.

Borrowing are initially recognised at fair value,net of transaction costs. Borrowings are subsequently measured at

Borrowing are removed from the balance sheet when the obligation specified in the contract is discharged, cancelled or
expired. The difference between the carrying amount of a financial liability that has been extinguished or transferred to

another party and the consideration paid, including any non-cash assets transferred or liabilities assumed is recognised in profit or loss

2.17. Foreign exchange transactions

The Company during the year did not have foreign exchange transaction.

2.18. Taxation

Income tax expense comprises current tax(i.e amount of tax for the period determined in accordance with Income Tax
Act 1961 and deferred tax charge or credit (reflecting the tax effects of timing differences between accounting income

and taxable income for the period). The deferred tax charge or, credit and the corresponding deferred lax liabilities or,
assets are recognised using the tax rates that have been enacted or substantively enacted by the balance sheet date.

Deferred tax assets are recognised only to the extent there is reasonable certainty that the assets can be realised in future-
however where there is unabsorbed depreciation or carried forward loss under taxation laws, deferred tax assets arc
recognised only if there is a virtual certainty of realization of such assets. Deferred tax assets are reviewed as at each

balance sheet date and written down or written up to reflect the amount that is reasonably / virtually certain (as the case
may be) to be realised.

Deferred tax assets include Minimum Alternative Tax (MAT) paid in accordance with the tax laws in India which is
likely to give future economic benefits in the form of availability of set off against future income tax liability
Accordingly, MAT ,s recognised as deferred tax asset in the balance sheet when the asset can be measured reliably and
it is probable that the future economic benefit associated with asset will be realised'.

Current and deferred tax expense is recognised in the Statement of Profit and Loss, except when they relate to items that
are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax are also
recognised in other comprehensive income or directly in equity respectively.

2.19. The Company has not accepted any Public Deposits during the year under review and the Board of Directors have passed
resolution to the effect that the Company has neither accepted Public Deposit nor would accept any public Deposit during the