j) Provisions, Contingent Liabilities and Contingent Assets
Provisions are recognized 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. 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.
Contingent liabilities disclosed for possible obligation which will be confirmed only by future events not wholly within the
control of the Company or present obligations arising from past events where it is not probable that an outflow of resources
will be required to settle the obligation or a reliable estimate of the amount of the obligation cannot be made. Contingent
assets are neither recognized nor disclosed in the financial statements.
k) Earnings Per Share
Basic Earnings per Share is calculated by dividing the net profit after tax by the weighted average number of equity shares.
l) Cash and cash equivalents
Cash and cash equivalents for the purpose of cash flow statement include cash on hand, balances with the banks
and short-term investments with an original maturity of three months or less, and accrued interest thereon.
8.1 Nature And Purpose of Reserve
A) General Reserve
The general reserve is a free reserve which is used from time to time to transfer profits from / to retained earnings for appropriation
purposes. As the general reserve is
created by a transfer from one component of equity to another and is not an item of other comprehensive income, items included in
the general reserve will not be
reclassified subsequently to statement of profit and loss.
B) Capital Reserve
Capital reserve represents the difference between value of the net assets transferred to the Company in the course of business
combinations and the consideration paid for such combinations.
C) Retained Earnings
Retained earnings are created from the profit / loss of the Company, as adjusted for distributions to owners, transfers to other
reserves, etc.
D) Security Premium
Securities premium is used to record the premium on issue of shares, which will be utilised in accordance with provisions of the Act.
18 Exceptional Item
Exceptional Item for P. Y. includes :
There has been permanent dimunition in investment of Pumarth Infrastructure Private Limited by Rs. 1,248.74 Lakhs. This
dimunition is a result of the amalgamation of Pumarth Properties & Holdings Private Limited, Pumarth Meadows Private Limited,
and Nishant Finance Private Limited with Pumarth Infrastructure Private Limited.
Set out below, is a comparison by class of the carrying amounts and fair value of the Company’s financial instruments, other than
those with carrying amounts that are reasonable approximations of fair values.
The fair values of the financial assets and financial liabilities included in the level 2 and level 3 categories above have been
determined in accordance with generally accepted pricing models based on a discounted cash flow analysis, with the most
significant inputs being the discount rate that reflects the credit risk of counterparties.
To provide an indication about the reliability of the inputs used in determining fair value, the Company has classified its financial
instruments into three levels prescribed under the Ind AS. An explanation for each level is given below.
Level 1:Quoted (unadjusted) market prices in active markets for identical assets or liabilities.
Level 2: Valuation techniques for which the lowest level input that is significant to the fair value measurement is directly or indirectly
observable.
Level 3: Valuation techniques for which the lowest level input that is significant to the fair value measurement is unobservable.
20 Capital Management
For the purpose of the Company’s capital management, capital includes issued equity capital, securities premium and all other
equity reserves attributable to the equity shareholders of the Company. The Company’s objective when managing capital is to
safeguard its ability to continue as a going concern so that it can continue to provide returns to shareholders and other stake
holders.
The Company manages its capital structure and makes adjustments in light of changes in the financial condition and the
requirements of the financial covenants. To maintain or adjust the capital structure, the Company may adjust the dividend payment
As per the definition of Business Segment and Geographical Segment contained in Ind AS 108 “Segment Reporting”, the
^ management is of the opinion that the Company’s operation comprise of operating in Primary and Secondary market and incidenta l
activities thereto, there is neither more than one reportable business segment nor more than one reportable geograpnfCailsegment,
and, therefore, segment information is not required to be disclosed.
2^ In the opinion of the management, all current assets, loans and advances would be realizable at least an amount equal to the
amount at which they are stated in the Balance Sheet. Also there is no impairment of fixed assets.
2^ Previous year's figures have been reclassified regrouped and rearranged wherever found necessary to make them comparable
which do not have material impact.
26 Related Party Disclosures
(i) List of related parties where control exists and related parties with whom transactions have taken place and relationships:
Additional regulatory information required by Schedule III
Details of benami property held
No proceedings have been initiated on or are pending against the Company for holding benami property under the Benami
Transactions (Prohibition) Act, 1988 (45 of 1988) and Rules made thereunder.
Title deeds of immovable properties not held in name of the company
There are no immovable properties which are not held in name of the company.
Valuation of Property, Plant and Equipment, in tangible asset and investment property
The Company has not revalued any of its property, plant and equipment (including right-of-use assets) or intangible assets during
the current year or previous year.
Borrowings from Banks or Financial institution on the basis of Security of Current Assets
There are no secured loans outstanding as on March 31, 2025.
Wilful defaulter
The Company has not been declared wilful defaulter by any bank or financial institutions or government or any government authority.
Relationship with struck off companies
The Company has no transactions with the companies struck off under Companies Act, 2013 or Companies Act, 1956.
Compliance with number of layers of companies
The Company has complied with the number of layers prescribed under the Companies Act, 2013.
Compliance with approved scheme(s) of arrangements
The Company has not entered into any scheme of arrangement which has an accounting impact on current or previous financial
year.
Undisclosed income
There is no income surrendered or remaining to be disclosed as income during the current or previous year in the tax assessments
under the Income Tax Act, 1961.
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.
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