v Provisions, Contingent liabilities and Contingent assets
Provisions in respect of present obligations arising out of past events are made in accounts when reliable estimates can be made of the amounts of obligations. Provisions are not discounted to their present value and reviewed at each reporting date. Contingent liabilities & commitments are not accounted but disclosed separately. Contingent assets are neither accounted nor disclosed in the financial statements.
w Earnings per share
The earnings considered in ascertaining the Company’s earnings per share are net profit after tax. The number of shares is considered on weighted average basis. Partly paid equity shares are treated as fraction of equity share to the extent they are entitled to participate in dividends. For the purpose of calculating dilutive EPS, the net profit attributable to equity shareholders and weighted average number of shares are adjusted for the effect of Dilutive Potential Equity shares.
x Contingencies and events occurring after the Balance Sheet date
The existence and nature of the contingency is disclosed separately. In case where the potential loss to an enterprise can be reduced or avoided because a contingent liability is matched by a related counterclaim, the amount of the provision on account of contingent liability is determined after taking into account the probable counterclaim if no significant uncertainty as to its measurability or collectability exists.
The existence and amount of guarantees, obligations arising from discounted bills of exchange and similar obligations undertaken by an enterprise have been disclosed in financial statements by way of notes.
y Net profit or loss for the period, prior period items and changes in accounting policies
Profit or loss from ordinary activities & extraordinary items have been disclosed on the face of the statement of profit and loss. Extraordinary items have been disclosed in the statement of profit and loss as part of net profit or loss for the period & the nature and the amount of each extraordinary item have been separately disclosed.
The nature and the amount of a change in an accounting estimate which has a material effect in the current period & subsequent period have been disclosed or if it is impracticable to quantify the amount, that fact has been disclosed.
z Discontinuing operations
The discontinuing operations include such operations which are discontinued pursuant to single plan or which represent major segment, or which can be distinguished operationally or financially. The Company has not discontinued any of its operations during the year.
aa Interim financial reporting
Interim Financial Reporting is applicable to the Company as per SEBI rules. The Company gives condensed set of the financial statements in the interim reporting which includes Balance Sheet, Statement of Profit & Loss, Cash flow statement, notes and other explanatory material & Comments about seasonality of interim operations - if any. In case of Balance Sheet, the period covered is end of current interim period & comparative Balance Sheet as at the end of immediately preceding financial year.
In case of Statement of Profit & Loss, the period covered is current interim period, cumulative for current financial year to date, comparative Profit & Loss for the comparable interim period of immediately preceding financial year & comparative year to date Profit & Loss of immediately preceding financial year.
In case of cash flow statement, the period covered is current financial year to date & comparative statement for the comparable year to date period of immediately preceding financial year.
For and on behalf of the Board
For HMA & Associates Aurangabad Distillery Limited
Chartered Accountants
Firm's Registration N°. 100537W Dharampal K. Kalani Amardeepsingh T. Sethi
Managing Director Wholetime Director
DIN - 00041021 DIN - 00097644
CA Gauri Nigudkar
Partner Karan Yadav Uday B. Hemade
Membership No. 154726 CEO Chief Financial Officer
Place: Pune Date: 25 May 2024
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