xi) Provisions and Contingencies:
a) A provision is recognized when an enterprise has a present obligation as a result of
past event and it is probable that an outflow of resources would be required to settle
the obligation, in respect of which a reliable estimate can be made. Provisions are not
discounted to its present value and are determined.
b) A disclosure for a contingent liability is also made when there is a possible
obligation or a present obligation that may, but probably will not, require an outflow
of resources. Where there is a possible obligation or a present obligation in respect of
which the likelihood of outflow of resources is remote, no provision or disclosure is
made.
xii) Leases:
a) Where the company is the lessee
Leases where the lessor effectively retains substantially all the risks and benefits of
ownership of the leased items are classified as operating leases. Operating lease
payments are recognized as an expense in the statement of profit and loss on a
straight-line basis over the lease term.
b) Where the company is the lessor
Leases in which the company does not transfer substantially all the risks and benefits
of ownership of the asset are classified as operating leases. Asset subject to operating
leases are included in fixed assets.
Lease income on an operating lease is recognized in the statement of profit and loss
on a straight-line basis over the lease term. Costs, including depreciation, are
recognized as an expense in the statement of profit and loss.
xiii) Cash And Cash Equivalents:
Cash flow is reported using indirect method, whereby net profit before tax is adjusted
for the effects of transaction of a non-cash nature and any deferrals or accruals of past
or future cash receipts or payments. The cash flow comprises regular revenue
generating, investing and financing activities of the company. Cash and cash
equivalents in the balance sheet comprise of cash at bank and in hand and short term,
highly liquid investments that are readily convertible into known amounts of cash and
which are subject to an insignificant risk of changes in value.
b) Terms/rights attached to equity shares:
Voting:
The Company has only one class of equity shares having a par value of ? 10 per share. Each holder of Equity Shares is entitled
to one vote per share.
Dividend:
The Company declares and pays dividend in Indian Rupees. The dividend proposed by the Board of Directors, if any, is
subject to the approval of the shareholders in the ensuing Annual General Meeting.
Liquidation:
In the event of liquidation of the Company, the holders of the equity shares will be entitled to receive remaining assets of the
Company, after distribution of all preferential amount. The distribution will be in proportion to the number of equity shares
held by the shareholders.
c) Terms/rights attached to Preference Shares:
- The Preference Shares are redeemable at par at any time after the expiry of 3 years from the date of issue i.e., 31-03-2014.
- The Preference Shareholders have voting rights only in respect of matters directly affecting the rights of Preference
Shareholders.
- The Preference Shareholders have preference on the distribution of the dividend.
(i) Details of Benami Property:
No proceedings have been initiated or are pending against the company for holding any Benami
Property under the Benami Transactions (Prohibition) Act, 1988 (45 of 1988) and rules made
thereunder
(ii) Utilisation of borrowed funds and share Premium:
A. The Company has not advanced or loaned or invested funds to any other person(s) or
entity(ies), including foreign entities, Intermediaries, with the understanding that the
Intermediary shall:
a) Directly or indirectly lend or invest in other persons or entities identified in any manner
whatsoever by or on behalf of the Company (Ultimate Beneficiaries) or
b) Provide any guarantee, security or the like to or on behalf of the ultimate beneficiaries.
B. The Company has not received any fund from any person(s) or entity(ies), including foreign entities
(Funding Party) with the understanding (whether recorded in writing or otherwise) that the
Company shall:
a) Directly or indirectly lend or invest in other persons or entities identified in any manner
whatsoever by or on behalf of the Funding Party (Ultimate Beneficiaries) or
b) Provide any guarantee, security or the like on behalf of the ultimate beneficiaries.
(iii) Undisclosed Income:
There is no income surrendered or disclosed as income during the current or previous year in the tax
assessments under the Income Tax Act, 1961 that has not been recorded in the books of accounts.
(iv) Details of crypto currency or virtual currency:
The Company has not traded or invested in crypto currency or virtual currency during the current or
previous year.
(v) Valuation of Property, Plant & Equipment, intangible asset and investment property
The Company has not revalued its property, plant and equipment or intangible assets or both during
the current or previous year.
(vi) Loans to Related Parties and others:
The Company had not granted any loans or advances in the nature of loans to promoters, directors,
KNPs and the related parties (as defined under Companies Act, 2013), either severally or jointly with
any other person that:
a) are repayable on demand or
b) without specifying any terms or period of repayment.
(vii) Struck off Companies:
The Company has not entered into any transactions with companies struck off under Section 248 of
the Companies Act, 2013 or Section 560 of Companies Act, 1956
(viii) Willful Defaulter:
The Company has not been declared as a wilful defaulter by any bank or financial institution. Income
tax assessment has been completed up to the AY 2024-25.
46 In the opinion of the management, the current assets and loans and advances as stated in the
Balance Sheet will realize to the extent stated therein.
47 Balances in parties' accounts are subject to confirmation and reconciliation, if any. Appropriate
adjustments will be made as and when the balances are reconciled.
48 Based on the amendment brought in Companies (Accounts) Amendment Rule,2021, the
company has used the software for maintenance of books of accounts, which has the feature of
recording the audit trail facility and the same has been operated throughout the financial year,
without any instances of tampering the same.
49 Previous yeads figures have been regrouped, reclassified and rearranged wherever necessary
to conform to the current year's classification including those as required consequents to
amendments in Schedule Ill.
50 All Figures are in Lakhs unless otherwise stated.
As per our report of even date attached For and on behalf of the Board of Directors
For B. Thiagarajan & Co.
Chartered Accountants
ICAI Firm Registration No. 004371S
T. K. Chandiran C. Selvi
K. Balamanikandan Managing Director Wholetime Director
Pmtaer DIN00031091 DIN:00032962
Membership No. 213537
UDIN: 25213537BMKQSY6180
CS Kavya Das R
Place: Coimbatore M. Shankarsubramanian
Place: Coimbatore Company Secretary and
Date: 30.05.2025 Chief Executive Officer and Compliance Officer
Chief Financial Officer MRN: ACS 72970
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