12) Provisions, Contingent Liabilities and Contingent Assets

a) Provisions (other than trade payables and accruals) as mentioned in the Ind As 37
issued by the Institute of Chartered Accountants of India are accounted for and
disclosed to the extent practicable in the manner laid down in the said Accounting
Standard.

b) Contingent Liabilities disclosed in the Notes forming part of the Accounts comply with
Ind As 37 to the extent practicable.

c) Company has not recognized any Contingent Asset.

13) Investment Property

Property that is held for long term rental yields or for capital appreciation or both, and that
is not occupied by the company, is classified as investment property. Investment property
is measured initially at cost, including related transaction costs and where applicable
borrowing costs. Subsequent expenditure is capitalized to the asset's carrying amount only
when it is probable that future economic benefits associated with the expenditure will flow
to the company and the cost of the item can be measured reliably. All other repairs and
maintenance costs are expensed out as and when it is incurred.

Investment properties are depreciated using the straight line method over the estimated
useful lives. The useful life of the investment properties are estimated at 25 - 30 years
based on the technical evaluation performed by the management

Investment properties are de-recognised either when they have been disposed off when
they are permanently withdrawn from use and no future benefit is expected from their
disposal.

14) Leases

A contract is, or contains, a lease if the contract conveys the right to control the use of an
identified asset for a period of time in exchange for a consideration

Ind AS 116 ‘Leases’ requires the lessor to classify each of it’s leases as either an operating
lease or a finance lease. A lease is classified as a finance lease if it transfers substantially
all the risks and rewards incidental to ownership of an underlying asset. A lease is
classified as an operating lease if it does not transfer substantially all the risks and rewards
incidental to ownership of an underlying asset.

The Company has classified it’s lease as ‘Operating Lease’ at the inception date and is
reassessed only if there is a lease modification. Changes in estimates, or changes in
circumstances of the economic life or of the residual value of the underlying asset, do not
give rise to a new classification of a lease for accounting purpose.

The Company recognizes lease income from operating lease in a systematic and straight¬
line basis, unless another systematic basis is more representative of the pattern in which
benefit from the use of the underlying asset is diminished.

The company has also recognized costs, including depreciation, incurred in earning the
lease income as an expense. Any initial direct costs incurred in obtaining an operating
lease is added to the carrying amount of the underlying asset and has recognize those
costs as an expense over the lease term on the same basis as the lease income. The
company has also applied Ind AS 36 to determine whether the underlying asset subject to
an operating lease is impaired and accounted for the impairment losses identified, if any.

15) Deferred revenue expenditure

a. Deferred warehousing commission

b. Deferred labour settlement

The Company has recognized the upfront Warehousing Commission over the period
during the which the property is leased.

Expenditure on labour settlement has been recognized over the period of 60 months.

NOTE 30 : Fair Value Hierarchy

The management has assessed that its financial assets and liabilities like cash and cash equivalents, trade receivables, trade payables, cash credits, buyers credit and other current
The following methods and assumptions were used to estimate the fair values for the financial assets given below:

Quoted Equity Instrument and Mutual Funds:

The fair values of the quoted equity shares measured using quoted prices. This includes listed equity instruments and mutual funds that are listed in the stock exchange.

Unquoted Equity Shares of Other Companies:

The fair values of the unquoted equity shares have been estimated using NAV model using the book value of assets and liabilities.

Preference Shares

The value of the preference shares are estimated based on the weighted average cost of capital.

Till the previous year , company was having the following three subsidiaries :-

a) Jala Shaayi Alamparathodu Hydro Power Ltd

b) Sree Kailas Palchuram Hydro Power Ltd

c) Sree Adi Sakthi Mukkuttathode Hydro Power Ltd

During the year, registrar of companies has struck off " Sree Adi Sakthi Mukkuttathode Hydro Power Ltd" . The other two companies are in the process of being struck off by
the Registrar of coompanies (RoC) . As such, company has no subsidaires during the year and no transactions in the accounts of subsidiaries. The entire loss of
subsidiaries retable to holdings of the company has been fully written off. As such, company has only standalone Balance sheet during the year.

Note 34 : Compliance on transfer of Underlying shares relating to unclaimed Dividend to IEPF Account

Sec 124(6) of the Companies Act, 2013 read with Rule 6 of Investor Education and Protection Fund Authority (Accounting, Audit, Transfer and Refund) Rule, 2017, requires
every company to transfer all the shares in respect of which [dividend has not been paid or claimed for seven consecutive years or more shall be] in the name of Investor
Education and Protection Fund along with a statement containing such details as may be prescribed.

The Ministry of Corporate Affairs (MCA) vide General Circular No. 12/2017 dated 16.10.2017 had notified the due date to transfer the equity shares where the specified
period has completed

The Company has already submitted required documents to the concerned authorities for effecting the transfer process relating to FY 2012-13 & 2013-14 to comply with
provisions of the Act.

For KPR & Co., For and on behalf of the Board,

Chartered Accountants

FRN: 05326S Sd/- Sd/-

S Rajkumar Visakh Rajkumar

Vice Chairman & Executive Director

Sd/- Managing Director

Deepa Praveen, FCA DIN : 01790870 DIN : 07079475

Partner (M No. 232410)

' UDIN : 24232410BKAPQZ8035 Sd/- Sd/-

V N Sridharan Dhawal Mathur

Chief Financial Officer Company Secretary

Cochin - 11 Chennai-17

22.05.2024 22.05.2024