2.13 Provisions, Contingent Liabilities, Contingent Assets and Commitments
A. Provisions
“Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a 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.
B. Contingent liabilities
“Contingent liabilities are disclosed when there is a possible obligation arising from past events, the existence of which will be confirmed only by occurrence or non-occurrence of one or more uncertain future events not wholly within the control of the company or a present obligation that arises from past events where it is either not probable that an outflow of resources will be required to settle or a reliable estimate of the amount can not be made.
“ C. Contingent assets
Contingent assets are disclosed, where an inflow of economic benefit is probable.
Provisions, contingent liabilities and contingent assets are reviewed at each balance sheet date.
2.14 Cash flow statement
Cash flow are reported using the indirect method, whereby net profit before tax is adjusted for the effects of transactions of a non-cash nature, any deferrals of accruals of past or future operating cash receipts or payments and item of income or expenses associated with investing or financing cash flows. The cash flows from operating, investing and finance activities of the Company are segregated.
2.15 Earnings per share
Basic earnings per share are calculated by dividing the net profit or loss for the period attributable to equity shareholders by the weighted average number of equity shares outstanding during the period.
2.16 Dividend to Equity Shareholders
Dividend to equity shareholders is recognised as a liability and deducted from shareholder’s equity in the period in which the dividends are approved by the equity shareholders in the general meeting.
26 Employee benefit plans
a) Defined contribution plans:
Amount towards Defined Contribution Plans have been recognised under ‘’Contributions to provident and other funds” in Note : 22 Rs NIL for financial year 2024-2025 (Rs NIL for financial year 2023-2024).
b) Defined benefit plans:
The Company operates post employment defined employee benefits plans in the form of unfunded Gratuity. Details of unfunded plans are as follows:
* The reason for variation in the Ratios in excess of 25% are as follows :
The profit after tax for the year is higher due to recognition of MAT credits. Due to volatility in the market, the turnover and profit before tax of the company has been reduced. This has resulted in the variation in the afore-said ratios.
30 Previous year’s figures have been re-grouped/re-arranged wherever found necessary.
In terms of our report attached.
For DIYALI B AND ASSOCIATES For and on behalf of the Board of Directors
Chartered Accountants Firm Regn No. 0I7740S
DIYALI B Ajeet Kumar Bhandari Anil Kumar Bhandari
Proprietrix Managing Director Wholetime Director
Membership No. 242354 DIN : 01023609 DIN : 02722372
Place : Chennai Shiv Ratan Jhawar
Date : 29-05-2025 Company Secretary
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