k) Provisions, contingent liabilities and contingent
assets
Provisions
A provision is recognised when the Company has a
present obligation (legal or constructive) as a result of
past event, it is probable that an outflow of resources
embodying economic benefits will be required to
settle the obligation and a reliable estimate can be
made of the amount of the obligation. When the
Company expects some or all of a provision to be
reimbursed, for example, under an insurance contract,
the reimbursement is recognised as a separate asset,
but only when the reimbursement is virtually certain.
The expense relating to a provision is presented in the
Statement of Profit and Loss net of any reimbursement.
If the effect of the time value of money is material,
provisions are discounted using a current pre-tax rate
that reflects, when appropriate, the risks specific to the
liability. When discounting is used, the increase in the
provision due to the passage of time is recognised as a
finance cost.
Contingent liabilities
A contingent liability is a possible obligation that arises
from past events and 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 enterprise. Contingent liabilities are
disclosed by way of note to the financial statements.
Contingent Assets
A contingent asset is a possible asset that arises 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 enterprise.
Contingent assets are neither recognised nor disclosed
in the financial statements.
l) Retirement and other employee benefits
Provident fund
Retirement benefit in the form of Provident Fund is a
defined contribution scheme. The Company has no
obligation, other than the contribution payable to the
provident fund. The Company recognises contribution
payable to the provident scheme as an expenditure,
when an employee renders the related service. If the
contribution payable to the scheme for service received
before the Balance Sheet date exceeds the contribution
already paid, the deficit payable to the scheme is
recognised as a liability after deducting the contribution
already paid. If the contribution already paid exceeds the
contribution due for services received before the Balance
Sheet date, then excess is recognised as an asset to the
extent that the pre-payment will lead to, for example, a
reduction in future payment or a cash refund.
m) Financial instruments
A financial instrument is any contract that gives rise to
a financial asset of one entity and a financial liability or
equity instrument of another entity.
Financial assetsInitial recognition and measurement
Financial assets are classified, at initial recognition, as
subsequently measured at amortised cost, fair value
through other comprehensive income (OCI), and fair
value through profit or loss.
The classification of financial assets at initial recognition
depends on the financial asset's contractual cash flow
characteristics and the company's business model for
managing them. With the exception of trade receivables
that do not contain a significant financing component
or for which the Company has applied the practical
expedient, the Company initially measures a financial
asset at its fair value plus, in the case of a financial asset
not at fair value through profit or loss, transaction costs.
Trade receivables that do not contain a significant
financing component or for which the Company has
applied the practical expedient are measured at the
transaction price determined under Ind AS 115. Refer
to the accounting policies in section "Revenue from
contracts with customer".
In order for a financial asset to be classified and
measured at amortised cost or fair value through OCI, it
needs to give rise to cash flows that are 'solely payments
of principal and interest (SPPI)' on the principal amount
outstanding. This assessment is referred to as the SPPI
test and is performed at an instrument level. Financial
assets with cash flows that are not SPPI are classified
and measured at fair value through profit or loss,
irrespective of the business model.
The Company's business model for managing financial
assets refers to how it manages its financial assets
in order to generate cash flows. The business model
determines whether cash flows will result from
collecting contractual cash flows, selling the financial
assets, or both. Financial assets classified and measured
at amortised cost are held within a business model with
the objective to hold financial assets in order to collect
contractual cash flows while financial assets classified
and measured at fair value through OCI are held within
a business model with the objective of both holding to
collect contractual cash flows and selling.
Purchases or sales of financial assets that require delivery
of assets within a time frame established by regulation
or convention in the marketplace (regular way trades)
are recognized on the trade date, i.e., the date that the
Company commits to purchase or sell the asset.
Subsequent measurement
For purposes of subsequent measurement, financial
assets are classified in four categories:
? financial assets at amortised cost
? financial assets at fair value through other
comprehensive income (FVTOCI) with recycling of
cumulative gains and losses
? financial assets designated at fair value through
OCI with no recycling of cumulative gains and
losses upon derecognition (equity instruments)
? financial assets at fair value through profit or loss
Financial assets at amortised cost
A 'financial assets' is measured at the amortised cost if
both the following conditions are met:
a) The asset is held within a business model whose
objective is to hold assets for collecting contractual
cash flows, and
b) Contractual terms of the asset give rise on specified
dates to cash flows that are solely payments
of principal and interest (SPPI) on the principal
amount outstanding.
This category is the most relevant to the Company.
After initial measurement, such financial assets are
subsequently measured at amortised cost using the
Effective Interest Rate (EIR) method. Amortised cost
is calculated by taking into account any discount or
premium on acquisition and fees or costs that are an
integral part of the EIR. The EIR amortisation is included
in other income in the Statement of Profit and Loss. The
losses arising from impairment are recognised in the
Statement of Profit and Loss. This category generally
applies to trade receivables, security deposits and other
receivables.
Financial assets at fair value through other
comprehensive income (FVTOCI)
A 'financial asset' is classified as at the FVTOCI if both of
the following criteria are met:
a) The objective of the business model is achieved
both by collecting contractual cash flows and
selling the financial assets, and
b) The asset's contractual cash flows represent Solely
Payments of Principal and Interest.
Debt instruments included within the FVTOCI category
are measured initially as well as at each reporting date
at fair value. For debt instruments, at fair value through
other comprehensive income (OCI), interest income,
foreign exchange revaluation and impairment losses
or reversals are recognised in the profit or loss and
computed in the same manner as for financial assets
measured at amortised cost. The remaining fair value
changes are recognised in OCI. Upon derecognition,
the cumulative fair value changes recognised in OCI is
reclassified from the equity to profit or loss.
The Company's debt instruments at fair value through
OCI includes investments in quoted debt instruments
included under other non-current financial assets.
Financial assets designated at fair value through OCI
(equity instruments)
Upon initial recognition, the Company can elect to
classify irrevocably its equity investments as equity
instruments designated at fair value through OCI
when they meet the definition of equity under Ind
AS 32 Financial Instruments: Presentation and are not
held for trading. The classification is determined on an
instrument-by-instrument basis. Equity instruments
which are held for trading and contingent consideration
recognised by an acquirer in a business combination to
which Ind AS103 applies are classified as at FVTPL.
Gains and losses on these financial assets are never
recycled to profit or loss. Dividends are recognised as
other income in the statement of profit and loss when
the right of payment has been established, except when
the Company benefits from such proceeds as a recovery
of part of the cost of the financial asset, in which case,
such gains are recorded in OCI. Equity instruments
designated at fair value through OCI are not subject to
impairment assessment.
The Company elected to classify irrevocably its non-
listed equity investments under this category.
Financial assets at fair value through profit or loss
Financial assets at fair value through profit or loss
are carried in the balance sheet at fair value with net
changes in fair value recognised in the statement of
profit and loss.
This category includes derivative instruments and
listed equity investments which the Company had not
irrevocably elected to classify at fair value through OCI.
Dividends on listed equity investments are recognised
in the statement of profit and loss when the right of
payment has been established.
Derecognition
A financial asset (or, where applicable, a part of a
financial asset or part of a group of similar financial
assets) is primarily derecognised (i.e. removed from the
Company's balance sheet) when:
? The rights to receive cash flows from the asset
have expired, or
? The Company has transferred its rights to receive
cash flows from the asset or has assumed an
obligation to pay the received cash flows in full
without material delay to a third party under a
'pass-through' arrangement; and either (a) the
Company has transferred substantially all the
risks and rewards of the asset, or (b) the Company
has neither transferred nor retained substantially
all the risks and rewards of the asset, but has
transferred control of the asset.
When the Company has transferred its rights to receive
cash flows from an asset or has entered into a pass¬
through arrangement, it evaluates if and to what extent
it has retained the risks and rewards of ownership. When
it has neither transferred nor retained substantially all of
the risks and rewards of the asset, nor transferred control
of the asset, the Company continues to recognise
the transferred asset to the extent of the Company's
continuing involvement. In that case, the Company also
recognises an associated liability. The transferred asset
and the associated liability are measured on a basis that
reflects the rights and obligations that the Company
has retained.
Continuing involvement that takes the form of a
guarantee over the transferred asset is measured at
the lower of the original carrying amount of the asset
and the maximum amount of consideration that the
Company could be required to repay.
Impairment of financial assets
I n accordance with Ind AS 109, the Company applies
Expected Credit Loss (ECL) model for measurement
and recognition of impairment loss on the following
financial assets and credit risk exposure:
a) financial assets that are debt instruments, and
are measured at amortised cost e.g., loans, debt
securities, deposits, and bank balance.
b) Trade receivables.
The Company follows 'simplified approach' for
recognition of impairment loss allowance on trade
receivables which do not contain a significant financing
component. The application of simplified approach
does not require the Company to track changes in credit
risk. Rather, it recognises impairment loss allowance
based on lifetime ECLs at each reporting date, right from
its initial recognition. The Company uses a provision
matrix to determine impairment loss allowance on
the portfolio of trade receivables. The provision matrix
is based on its historically observed default rates over
the expected life of the trade receivable and is adjusted
for forward looking estimates. At every reporting date,
historical observed default rates are updated and
changes in the forward- looking estimates are analysed.
Financial liabilities
Initial recognition and measurement
Financial liabilities are classified, at initial recognition,
as financial liabilities at fair value through profit or
loss, loans and borrowings, payables, or as derivatives
designated as hedging instruments in an effective
hedge, as appropriate.
All financial liabilities are recognised initially at fair value
and, in the case of payables, net of directly attributable
transaction costs.
The Company's financial liabilities include trade and
other payables, loans and borrowings including bank
overdrafts and derivative financial instruments
Subsequent measurement
For purposes of subsequent measurement, financial
liabilities are classified in two categories:
? Financial liabilities at fair value through profit or
loss
? Financial liabilities at amortised cost (loans and
borrowings)
Financial liabilities at fair value through profit or
loss
Financial liabilities at fair value through profit or loss
include financial liabilities held for trading and financial
liabilities designated upon initial recognition as at fair
value through profit or loss.
Financial liabilities are classified as held for trading if
they are incurred for the purpose of repurchasing in
the near term. This category also includes derivative
financial instruments entered into by the Company that
are not designated as hedging instruments in hedge
relationships as defined by Ind AS 109. Separated
embedded derivatives are also classified as held for
trading unless they are designated as effective hedging
instruments.
Gains or losses on liabilities held for trading are
recognised in the profit or loss.
Financial liabilities designated upon initial recognition
at fair value through profit or loss are designated as such
at the initial date of recognition, and only if the criteria
in Ind AS 109 are satisfied. For liabilities designated as
FVTPL, fair value gains/ losses attributable to changes in
own credit risk are recognized in OCI. These gains/ losses
are not subsequently transferred to Profit and Loss.
However, the Company may transfer the cumulative
gain or loss within equity. All other changes in fair value
of such liability are recognised in the statement of profit
and loss. The Company has not designated any financial
liability as at fair value through profit or loss.
Financial liabilities at amortised cost (Loans and
borrowings)
After initial recognition, interest-bearing loans and
borrowings are subsequently measured at amortised
cost using the EIR method. Gains and losses are
recognised in profit or loss when the liabilities are
derecognised as well as through the EIR amortisation
process.
Amortised cost is calculated by taking into account any
discount or premium on acquisition and fees or costs
that are an integral part of the EIR. The EIR amortisation
is included as finance costs in the statement of profit
and loss. This category generally applies to borrowings.
Derecognition
A financial liability is derecognised when the obligation
under the liability is discharged or cancelled or expires.
When an existing financial liability is replaced by another
from the same lender on substantially different terms,
or the terms of an existing liability are substantially
modified, such an exchange or modification is treated
as the derecognition of the original liability and the
recognition of a new liability. The difference in the
respective carrying amounts is recognised in the
statement of profit and loss.
Reclassification of financial assets
The Company determines classification of financial
assets and liabilities on initial recognition. After initial
recognition, no reclassification is made for financial
assets which are equity instruments and financial
liabilities. For financial assets which are debt instruments,
a reclassification is made only if there is a change in the
business model for managing those assets. Changes to
the business model are expected to be infrequent. The
Company's senior management determines change
in the business model as a result of external or internal
changes which are significant to the Company's
operations. Such changes are evident to external parties.
A change in the business model occurs when the
Company either begins or ceases to perform an activity
that is significant to its operations. If the Company
reclassifies financial assets, it applies the reclassification
prospectively from the reclassification date which is
the first day of the immediately next reporting period
following the change in business model. The Company
does not restate any previously recognised gains, losses
(including impairment gains or losses) or interest.
Offsetting of financial instruments
Financial assets and financial liabilities are offset and
the net amount is reported in the Balance Sheet if
there is a currently enforceable legal right to offset
the recognized amounts and there is an intention to
settle on a net basis, to realize the assets and settle the
liabilities simultaneously.
n) Cash & Cash Equivalents
Cash and cash equivalent in the balance sheet comprise
cash at banks and on hand and short-term deposits
with an original maturity of three months or less, that
are readily convertible to a known amount of cash and
subject to an insignificant risk of changes in value.
For the purpose of the statement of cash flows, cash
and cash equivalents consist of cash and short-term
deposits, as defined above, net of outstanding bank
overdrafts as they are considered an integral part of the
Company's cash management.
o) Earnings per share
Basic earnings per share is calculated by dividing the
net profit or loss attributable to equity holders of the
Company by the weighted average number of equity
shares outstanding during the period. The weighted
average number of equity shares outstanding during
the period is adjusted for events such as bonus issue,
bonus element in a rights issue, that have changed
the number of equity shares outstanding, without a
corresponding change in resources.
For the purpose of calculating diluted earnings per
share, the net profit or loss for the period attributable to
equity shareholders of the Company and the weighted
average number of shares outstanding during the
period are adjusted for the effects of all dilutive potential
equity shares.
p) Investment in subsidiaries
Equity investments in subsidiaries are shown at cost
less impairment, if any. The Company tests these
investments for impairment in accordance with the
policy applicable to 'Impairment of non-financial assets'
Where the carrying amount of an investment or CGU to
which the investment relates is greater than its estimated
recoverable amount, it is written down immediately to
its recoverable amount and the difference is recognized
in the Statement of Profit and Loss.
2.2 Critical accounting judgements and key sources of
estimation uncertainty
In the application of the Company accounting policies,
the management of the Company is required to make
judgements, estimates and assumptions about the carrying
amounts of assets and liabilities that are not readily
apparent from other sources. The estimates and associated
assumptions are based on historical experience and other
factors that are considered to be relevant. Actual results may
differ from these estimates.
The estimates and underlying assumptions are reviewed
on an ongoing basis. Revisions to accounting estimates are
recognised in the period in which the estimate is revised if
the revision affects only that period or in the period of the
revision and future periods if the revision affects both current
and future periods.
The following are the areas of estimation uncertainty and
critical judgements that the management has made in the
process of applying the Company's accounting policies
and that have the most significant effect on the amounts
recognised in the financial statements:
a) Expected Credit Loss:-
The Group assesses the recoverability of trade
receivables at each reporting date and recognises an
expected credit loss allowance, where required. The loss
allowance is determined based on ageing of receivables,
past collection trends, specific customer circumstances
and other available information.
During the year, the Group recognised an expected
credit loss allowance in respect of certain old trade
receivables acquired pursuant to the Scheme of
Arrangement approved by the NCLT, considering the
age of such balances and their estimated recoverability.
b) Useful life of depreciable tangible assets:-
Management reviews the useful life of depreciable
assets at each reporting date. As at March 31, 2026
management assessed that the useful life represent the
expected utility of the assets to the Company.
2.3 Recent pronouncements:
The below amendments to the existing standard which
are notified by Ministry of Corporate affairs but are not yet
effective:
Amendment to Ind AS 1 'Presentation of Financial Statements'-
Classification of Liabilities as current or non-current and non¬
current liabilities with covenants. The amendment includes
specific provisions that will take effect for reporting periods
beginning on or after 1 April 2026, retrospectively, as outlined
below:
a) Breach of material covenant for long-term loan
arrangement on or before end of reporting period with
effect that liability becomes payable on demand as
on reporting date, then it shall be classified as current
liability, if lender agreed after reporting period and
before approval of financial statements to not demand
payment as a consequence of breach.
b) Classify as non-current liability, if lender agreed by end
of reporting period to provide grace period ending at
least 12 months after reporting period within which
entity can rectify the breach provided lender does not
demand immediate repayment.
c) Disclose information about the timing of settlement to
understand the impact of the liability on the financial
statements.
The Company does not expect this amendment to have an impact
on its operations or Standalone financial statements.
Notes:
a) All charges are satisfied in accordance with NCLT order, and company is in process of filing necessary documents with
appropriate authority.
b) The company have one immovable property which is shown as Asset held for Sale..
c) The company has re-assessed the recoverable amount of Property, Plant and Equipment post implementation of Approved
Resolution Plan for the year ended March 31,2023 and it is of the view that the carrying amount of investments exceed its
recoverable amount. Hence such assets are impaired to the extent of recoverable amount in accordance with Ind AS 36.
* Leasehold land classified as "Asset Classified as Held for Sale" in the Financial Statement.
Leasehold Land- The Company has leasehold land for which an advance has been received from the prospective buyer.
However, since the transfer-related documentation and statutory formalities are still under process, the transaction has not yet
been completed. Accordingly, the asset has been classified and disclosed under "Assets Held for Sale" in the financial statements.
The asset has been measured at the lower of its carrying amount (amortised cost) and fair value less costs to sell, in accordance
with the applicable accounting standards.
Nature of Other Reserves
Securities Premium Account
Securities Premium is used to record the premium on issue of shares. The reserve is utilised in accordance with the provisions of the
Companies Act, 2013.
Capital Reserve
Represent a non-distributable reserve.
General Reserve
General Reserve is created in earlier years pursuant to the provisions of the Companies Act. General Reserve is a free reserve available
to the Company.
Retained Earnings
Retained Earnings represents surplus/accumulated earnings of the Company and are available for distribution to shareholders.
(1) Pursuant to its order dated September 29, 2022 ("NCLT Order"), after the payment of the dues to Creditors, Unsecured Creditors,
Secured Operational Creditors, as per the Resolution Plan all the liabilities of the said stakeholders shall stand permanently
extinguished as per the approved Resolution Plan. Any other claims including Government/Statutory Authority, whether
lodged during CIRP or not and any contingent/unconfirmed dues shall also stand extinguished.
(2) Against the NCLT Order dated September 29, 2022 Employee union has gone against the order and demanded their P.F. Dues.
Accordingly the company has not extinguished PF Liabilities. However their actual liabilities will be confirmed once judgement
is received.
(3) At the pre - acquisition stage, there were outstanding statutory dues related to water and electricity charges for the leasehold
property located at MIDC, Koper Khairne. These dues were waived off through an NCLT Order dated September 29, 2022.
However, we have not yet received the No Objection Certificate (NOC) from the relevant Government Department, as they have
not yet agreed to the waiver. The Company is currently in process of obtaining NOC.
31.2 There is 2 reputed customer accounted for more than 10 % of the revenue during the year 2025-26. Further, there is 2 customers
having outstanding balance of more than 10 % of the total receivable as on March 31,2026.
32 DISCLOSURES AS REQUIRED BY INDIAN ACCOUNTING STANDARD (IND AS) 19 EMPLOYEE BENEFITS
The Company has not made provision for gratuity and leave encashment for the year as not applicable and hence relevant disclosures
as per Ind AS-19 Employee Benefits have not been given.
33 CORPORATE SOCIAL RESPONSIBILITY
In accordance with the provisions of Section 135 of the Companies Act, 2013, Schedule VII thereto and the Companies (Corporate
Social Responsibility Policy) Rules, 2014, as amended, the Board of Directors of the Company had constituted a Corporate Social
Responsibility (CSR) Committee. Since the CSR provisions were not applicable to the Company during FY 2025-26, the CSR obligation
for the year was Nil (Previous Year: ?32.58 lakh). However, the Company incurred the following expenditure for the benefit of the
general public and communities in the vicinity of its operations.
Note:
(i) The above related party transactions have been reviewed periodically by the Board of Directors of the Company vis-a-vis the
applicable provisions of the Companies Act, 2013, and justification of the rates being charged/ terms thereof and approved the
same.
(ii) All related party transaction have been taken at arm's length price.
(ii) Transactions amongst related parties are made on terms equivalent to those that prevail in arm's length transactions.Outstanding
balances at the year-end are unsecured and interest bearing and settlement occurs in cash. There have been no guarantees
provided or received for any related party receivables or payables. For the year ended March 31, 2026, the Company has not
recorded any impairment of receivables relating to amounts owed by related parties (March 31, 2025: ? Nil). This assessment
is undertaken each financial year through examining the financial position of the related party and the market in which the
related party operates.
(iv) Entity under common control are disclosed only if transaction has taken place during the year.
37 FINANCIAL RISK MANAGEMENT OBJECTIVES AND POLICIES
The Company's Risk Management framework encompasses practices relating to the identification, analysis, evaluation, treatment,
mitigation and monitoring of the strategic, external and operational controls risks to achieving the Company's business objectives.
It seeks to minimize the adverse impact of these risks, thus enabling the Company to leverage market opportunities effectively and
enhance its long-term competitive advantage. The focus of risk management is to assess risks and deploy mitigation measures.
The Company's activities expose it to variety of financial risks namely market risk, credit risk and liquidity risk. The Company has
various financial assets such as deposits, other receivables and cash and bank balances directly related to the business operations.
The Company's principal financial liabilities comprise of trade and other payables. The Company's senior management's focus is
to foresee the unpredictability and minimize potential adverse effects on the Company's financial performance. The Company's
overall risk management procedures to minimize the potential adverse effects of financial market on the Company's performance
are outlined hereunder:
The Company's Board of Directors have overall responsibility for the establishment and oversight of the Company's risk management
framework.
The Company's risk management is carried out by the management in consultation with the Board of Directors. They provide
principles for overall risk management, as well as policies covering specific risk areas.
The note explains the sources of risk which the entity is exposed to and how the entity manages the risk.
(A) Credit risk
Credit risk is the risk of financial loss to the Company if a customer or counterparty to a financial instrument fails to meet its
contractual obligations, and arises principally from the Company's receivables from customers and from its financial activities
including deposits with banks and other financial instruments.
(i) Cash and cash equivalents:
The Company considers factors such as track record, size of institution, market reputation and service standard to select
the banks with which deposits are maintained. The Company does not maintain significant deposit balances other than
those required for its day to day operations. Credit risk on cash and cash equivalents is limited as these are generally held
or invested in deposits with banks and financial institutions with good credit images.
(ii) Financial Assets :
The Company's customer profile include Government Companies and Industries. Accordingly, the Company's customer
credit risk is moderate. The Company has a detailed review mechanism of overdue customer receivables at various levels
within organization to ensure proper attention and focus for realization.
(B) Liquidity Risk
Liquidity risk is the risk that the Company will face in meeting its obligations associated with its financial liabilities. The Company's
approach in managing liquidity is to ensure that it will have sufficient funds to meet its liabilities when due without incurring
unacceptable losses. In doing this, management considers both normal and stressed conditions.
The Company's objective is to maintain optimum levels of liquidity to meet its cash and collateral requirements. The Company
relies on a mix of borrowings, capital and excess operating cash flows to meet its needs for funds. The current committed lines
of credit are sufficient to meet its short to medium term expansion needs. The Company monitors rolling forecasts of its liquidity
requirements to ensure that it has sufficient cash to meet operational needs.
The table below provides undiscounted cash flows towards non-derivative financial assets/ (liabilities) into relevant maturity
based on the remaining period at the Balance Sheet date to the contractual maturity date and where applicable, their effective
interest rates.
(C) Market risk
Market risk is the risk that the fair value of future cash flows of a financial instrument will fluctuate because of changes in market
prices. Market risk comprises three types of risks : foreign currency risk, interest risk and other price risk such as commodity risk.
(i) Interest rate risk
Company does not have any floating-rate borrowings as at the reporting date. Accordingly, it is not exposed to interest
rate risk arising from fluctuations in market interest rates, and therefore interest rate sensitivity analysis is not applicable.
(ii) Foreign currency risk
Foreign currency risk is the risk that the fair value or future cash flows of an exposure will fluctuate because of changes in
foreign exchange rates and arises where transactions are done in foreign currencies. It arises mainly where receivables and
payables exist due to transactions entered in foreign currencies. The Company evaluates exchange rate exposure arising
from foreign currency transactions and follows approved policy parameters utilizing forward foreign exchange contracts
whenever felt necessary. The Company does not enter into financial instrument transactions for trading or speculative
purpose.
I. Foreign Currency Exposure
Refer Note 34 for foreign currency exposure as at reporting periods respectively.
II. Foreign Currency Sensitivity
1% increase or decrease in foreign exchange rates will have the following impact on the profit before tax
(iii) Commodity Risk:
The Company is exposed to the movement in the price of key raw materials and other traded goods in the domestic and
international markets. The Company has in place policies to manage exposure to fluctuation in prices of key raw materials
used in operations. The Company enters into contracts for procurement of raw materials and traded goods, most of the
transactions are short term fixed price contracts and a few transactions are long term fixed price contracts.
(D) Capital management
The Company manages its capital to be able to continue as a going concern while maximising the returns to shareholders
through optimisation of the debt and equity balances. For the purpose of calculating gearing ratio, debt is defined as non
current and current borrowings (excluding derivatives). Equity includes all capital and reserves of the Company attributable to
equity holders of the Company. The Company is not subject to externally imposed capital requirements. The Board reviews the
capital structure and cost of capital on an annual basis but has not set specific targets for gearing ratios. The risks associated
with each class of capital are also considered as part of the risk reviews presented to the Board of Directors.
39 Relationship with Struck off Companies
The Company does not have any transactions with companies struck - off under Section 248 of the Companies Act, 2013 or Section
560 of Companies Act, 1956.
40 The Company evaluates events and transactions that occur subsequent to the Balance Sheet date prior to the approval of the
financial statements to determine the necessity for recognition and/or reporting of any of these events and transactions in the
Financial Statements. As of May 05, 2026 there was no subsequent event to be recognised or reported that are not already disclosed
elsewhere in these Financial Statements.
41 Previous year's figures have been regrouped/re-arranged/recasted, wherever necessary, so as to make them comparable with current
year's figures. The management believes that such reclassification does not have any material impact on the information presented
in the financial statements.
42 Additional information as required under para 2 of General Instruction of Division II of Schedule III to the Companies Act,
2013.
A. The Company has not carried out any revaluation of Property, Plant and Equipment in any of the period reported in this Financial
Statements hence reporting is not applicable.
B. The company does not hold any benami property as defined under the Benami Transactions (Prohibition) Act, 1988 (45 of 1988)
and the rules made thereunder. No proceeding has been initiated or pending against the company for holding any benami
property under the Benami Transactions (Prohibition) Act, 1988 (45 of 1988) and the rules made thereunder.
C. The company does not have any charges or satisfaction, which is yet to be registered with ROC beyond the statutory period.
D. The Company does not have any such transaction which is not recorded in the books of accounts that has been surrendered or
disclosed as income during the year in the tax assessments under the Income Tax Act, 1961 ( Such as, search or survey or any
other relevant provisions of the Income Tax Act, 1961).
E. 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
F. 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:
- 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
- provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries.
G. The Company is in compliance with the number of layers prescribed under clause (87) of section 2 of the Companies Act read
with the Companies ( Restriction on number of Layers) Rules, 2017.
43 Audit Trail Compliance
The Company has used accounting software for maintaining its books of account which has a feature of recording audit trail (edit
log) facility and the same has operated throughout the year for all relevant transactions recorded in the software, except that audit
trail feature is not enabled for direct changes to database level. Further, no instance of audit trail feature being tampered with was
noted in respect of accounting software(s) where the audit trail has been enabled. Additionally, the audit trail of prior year(s) has
been preserved by the Company as per the statutory requirements for record retention to the extent it was enabled and recorded in
the respective years.
44 The Standalone Financial Statements were approved for issue by the Board of Directors on May 05, 2026.
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