13. PROVISIONS. CONTINGENT LIABILITIES AND CONTINGENT ASSETS: -

As certified by the Management, there is no contingent liability on the company and all known and estimated liabilities have been provided for in the books of accounts.

14. ACCEPTANCE OF DEPOSITS: -

During the year under the audit, the company has not accepted deposits from public as covered U/s 73 of the Companies Act, 2013.

15. TAXATION: -

Current Tax is measured at the amount expected to be paid tax authorities, using the applicable tax rates & tax laws. The company has made provision for income tax at Rs. 43,85,000/- for the year ended on 31.03.2024.

16. APPLICABILITY OF AS-22: -

To comply with the requirements of the Accounting Standard 22 (AS-22) “Accounting for Taxes on Income" issued by the Institute of Chartered Accountants of India, the company has made provision for Deferred Tax Asset of Rs. 9,29,217/- for the year ended as on 31.03.2024.

17. APPLICABILITY OF AS-18: -

In accordance with the requirements of Accounting Standard 18 (AS-18) "Related Party Transactions" issued by the Institute of Chartered Accountant of India, the following persons are considered as Related Party as defined in AS-18: -

18. Applicability of AS-16 Borrowing Cost:

Borrowing costs, that are attributable to the acquisition or construction of qualifying assets, are capitalized as part of the cost of such assets upto the commencement of commercial operations. A qualifying asset is one that necessarily takes substantial period of time to get

ready for intended use. All other borrowing costs are recognized as expense in the year in which they are incurred.

19. Additional Information: -

Additional information required to be given as per para 3 & 4 Schedule III of the Companies Act, 2013 is furnished below (as submitted and certified by the management)

22. Working Capital/Borrowings:

The company has borrowings from banks or financial institutions on the basis of security of current assets, as certified by the Management, the quarterly returns or statements of current assets filed by the Company with banks are largely in agreement with the books of accounts.

23. TRADE RECEIVABLES AGEING SCHEDULE:

Long Term Trade Receivables in Other non -current assets due for payment to the Company shall consist of an ageing schedule: -