7. PROVISIONS, CONTINGENT LIABILITIES AND CONTINGENT ASSETS
a. Provision is made in the books of account where there is a present obligation as a result of
past event that probably requires an outflow of resources and reasonable estimate can be made.
b. A disclosure for contingent liability is made when there is a possible obligation or present
obligation that arises from past event and the outflow of resources embodying economic benefit
is not probable.
c. A contingent liability or a provision at the balance sheet date is not disclosed or recognized
unless the possibility of any outflow of resources in settlement is remote
d. Contingent asset is not recognised since this may result in the recognition of income that
may never be realized. However, when the realisation of income is virtually certain, then the
related asset is not a contingment asset and is recognized. Provisions, contingent liabilities and
contingent assets are reviewed at each Balance Sheet date.
8. EARNING PER SHARE
Basic / Diluted Earnings Per Share ("EPS") is computed by dividing the net profit attributable to
the equity shareholders by the weighted average number of equity shares outstanding during
the year.
9A. Financial Assets
a. Financial assets other than equity instruments are classified into financial assets at transaction
price, fair value through profit or loss and at amortized cost using effective interest rate method.
b. The company measures the trade receivable at their transaction price, if they do not contain
a significant financing component.
c. The company de-recognizes a financial asset only when the contractual rights to the cash
flows from the financial asset expires or it transfers the financial assets and transfer qualifies for
de-recognition under Ind AS 109.
9B. Financial Liabilities
a. Financial liabilities are classified into financial liabilities at transaction price, fair value through
profit and loss and at amortized cost using effective interest rate method.
b. For trade and other payables maturing within one year from the balance sheet date, carrying
amount is considered as fair value, as it approximates fair value due to the short-term maturity
of these liabilities.
c. A financial liability is de-recognized when the obligation is discharged, cancelled or expires.
9C. Offsetting of financial instruments
Financial assets and financial liabilities are offset and the net amounts are presented in the
financial statements, if there is a currently legally enforceable right to offset the recognized
amount and the company intends to settle or realize on net basis.
10. REVENUE RECOGNITION
a. Revenue from contracts with customers is recognized as and when the company satisfies the
performance obligation by transferring control of promised goods or services to a customer,
which usually coincides with title passing to the customer and the customer taking physical
possession.
b. When the performance obligation is satisfied, the company recognizes as revenue the
transaction price that is allocated to that performance obligation in the contract based on the
standalone selling price of the goods or services promised. The transaction price is the amount
of consideration to which the company is entitled.
c. Interest income is recognized when it is probable that the economic benefits will flow to the
Company and the amount of income can be measured reliably. Interest income is accrued on a
time basis, by reference to the deposits and the effective interest rate settled with the Bank.
11. TAXES ON INCOME
a. Tax comprises of Current tax and Deferred Tax. Current tax is the expected tax payable on
the taxable income or Book profit for the current year. The amount of current tax reflects the
best estimate of the tax amount to be paid after considering the uncertainty, if any, related to
income taxes.
b. Deferred tax is recognized on temporary differences between the carrying amount of assets
and liabilities in the financial statements and the corresponding tax bases used in the
computation of taxable profit. Deferred tax liabilities are generally recognized for all taxable
temporary differences. Deferred tax assets are generally recognized for all deductible temporary
differences to the extent that it is probable that taxable profits will be available against which
those deductible temporary differences can be utilized.
c. Deferred tax liabilities and assets are measured at the tax rates that are expected to apply in
the period in which the liability is settled or the asset realized, based on the tax rates (and tax
laws) that have been enacted or substantively enacted by the end of the reporting period.
12. Cash Flow Statement
Cash flows are reported using indirect method, whereby net profits before tax is adjusted for
the effects of transactions of a non-cash nature and any deferrals or accruals of past or future
cash receipts or payments and items of income or expenses associated with investing or
financing cash flows. The cash flows from regular revenue generating (operating activities),
investing and financing activities of the Company are segregated.
13. Accounting policies not specifically referred above are consistent with generally accepted
accounting practices.
(ii) Maturities of Financial Liabilities
The following tables contains details of the Company's remaining contractual maturities for
its non-derivative financial liabilities with agreed repayment periods. The amount disclosed
in the tables have been drawn up based on the earliest date on which the Company can be
required to pay. Financial liabilities include trade payables, refundable deposits, Capital
purchases, unpaid/unclaimed dividends etc., which are in the normal course of business
having maturity plan of less than one year and non-interest bearing._
2.27 There are no dividends proposed to be distributed to equity shareholders for the year.
2.28 During the year the company has not issued any securities for any specific purposes.
2.29 All the title deeds of the property are in the name of the company.
2.30 The company does not hold any property under investment property category which
may be required to be valued by a registered valuer.
2.31 During the year company has not carried out any revaluation of its property, plant and
equipment and the company has no intangible assets.
2.32 The company during the year has not granted any loans or advances in the nature of
loans to promoters, directors, KMPs and the related parties either severally or jointly with
any other person that are repayable on demand or without specifying any terms or period of
repayment.
2.33 During the year or in earlier year the company has not undertaken any capital works
which are in progress or there are no Intangible assets which are under progress.
2.34 The company is not holding any benami property hence there are no proceedings
initiated or pending under the Benami Transactions (Prohibition) Act, 1988 and rules made
thereunder.
2.35 The Company does not have any borrowings from banks or financial institutions on the
basis of security of current assets.
2.36 The company is not declared as a wilful defaulter by any bank of financial institution or
other lenders.
2.37 The company does not have any relation with the companies which are struck off
under section 248 of the Companies Act, 2013 or section 560 of Companies Act, 1956.
2.38 There are no charges or satisfaction yet to be registered with registrar of companies
beyond the statutory period.
2.39 The company has no subsidiaries, hence violation of provisions of clause (87) of
Section 2 of the Act read with Companies (Restriction on number of layers) Rules, 2017
does not arise.
2.40 The company has not applied for any approved scheme or arrangements in terms of
sections 230 to 237 of the Companies Act, 2013.
2.41 The company has not traded or invested in Crypto currency and virtual currency
during current year and previous year.
2.42 The company has neither advanced or loaned invested (either share premium,
borrowed funds or any sources or kind of funds) to any other person(s), entities including
foreign entities nor received any fund from any person including foreign entities with the
understanding that the intermediary shall:
(i) 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
(ii) provide any guarantee, security or the like to or on behalf of the Ultimate Beneficiaries.
2.43 The company does not have any income which is not recorded in the books of
accounts that has been surrendered or disclosed as income in any of the tax assessments
under the Income Tax Act, 1961.
2.44 Segment Information - Real estate and construction operations commenced from 15¬
10-2021 is considered as only reportable segment. There are no reportable transactions
carried out.
As per our review report of even date
For NATARAJA IYER & CO For and on behalf of the Board
Chartered Accountants
Sd/-
Sd/- Sd/- Anil Agarwal Rishabh Agarwal
Prema Jagadesan Director Whole-time Director
Partner Membership DIN: 00040449 DIN:06963740
No.: 200880
Sd/-
Place: Medak Krati Garg
Place: Hyderabad Date: 28052025 Company Secretary
Date: 28.05.2025 Membership No.:
A58962
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