1.14. Provisions, contingent liabilities, contingent assets
A provision is recognised when the Company has a present obligation (legal or constructive) as a
result of past event and it is probable that an outflow of resources will be required to settle the
obligation, in respect of which a reliable estimate can be made. If the effect of time value of
money is material, provisions are discounted using a current pre-tax rate that reflects, when
appropriate, the risk 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. These are reviewed at each
balance sheet date and adjusted to reflect the current best estimates.
A disclosure for a contingent liability is made when there is a possible obligation or a present
obligation that may, but probably will not require an outflow of resources. When there is a
possible obligation or a present obligation in respect of which likelihood of outflow of resources
is remote, no provision or disclosure is made.
The Company does not recognize a contingent asset but discloses its existence in the financial
statements if the inflow of economic benefits is probable. However, when the realisation of
income is virtually certain, then the related asset is no longer a contingent asset, but it is
recognized as an asset.
Provisions, contingent liabilities, contingent assets and commitments are reviewed at each
balance sheet date.
1.15. Earnings per share
Basic earnings per share are computed using the net profit for the year attributable to the
shareholders' and weighted average number of shares outstanding during the year. The
weighted average numbers of shares also includes fixed number of equity shares that are
issuable on conversion of compulsorily convertible preference shares, debentures or any other
instrument, from the date consideration is receivable (generally the date of their issue) of such
instruments.
Diluted earnings per share is computed using the net profit for the year attributable to the
shareholder' and weighted average number of equity and potential equity shares outstanding
during the year including share options, convertible preference shares and debentures, except
where the result would be anti-dilutive. Potential equity shares that are converted during the
year are included in the calculation of diluted earnings per share, from the beginning of the year
or date of issuance of such potential equity shares, to the date of conversion.
1.16. 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 assets and financial liabilities
are initially measured at fair value. Transaction costs that are directly attributable to the
acquisition or issue of financial assets and financial liabilities (other than financial assets and
financial liabilities at fair value through profit or loss) are added to or deducted from the fair
value of the financial assets or financial liabilities, as appropriate, on initial recognition.
Transaction costs directly attributable to the acquisition of financial assets or financial liabilities
at fair value through profit or loss are recognized immediately in profit or loss.
2. OTHER ADDITIONAL INFORMATION FORMING PART OF FINANCIAL STATEMENT
I. Contingent Liability: NIL
II. Capital Commitment: NIL
III. Segment Reporting:
The Company has one reportable business and geographical segment and hence no further
disclosure is required under IND AS- 108 on Segment Reporting.
IV. Related Parties Disclosures under IND AS 24:
As per Annexure attached.
V. Previous year's figures have been regrouped and recast wherever necessary to conform to the
current year classification.
For VORA & ASSOCIATES FOR AND ON BEHALF OF THE BOARD
CHARTERED ACCOUNTANTS
(ICAI FRNo.: 111612W)
RONAK. A. RAMBHIA BIPIN .N. JANI RAJNIKANT.D. SHROFF
PARTNER DIN: 00297043 DIN:0180810
(MEMEBERSHIP NO: 140371) MANAGING DIRECTOR DIRECTOR
PRIYANKA JAIN BRUBECK DIAS
COMPANY SECRETARY CHIEF FINANCIAL OFFICER
Membership No.: A40848
Place: Mumbai Place: Mumbai
Date: 14th May,2025 Date: 14th May,2025
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