Fair value hierarchy:
The fair value hierarchy is based on inputs to valuation techniques that are used to measure fair value that are either observable or unobservable and consists of the following three levels:
Level 1 — Inputs are quoted prices (unadjusted) in active markets for identical assets or liabilities.
Level 2— Inputs are other than quoted prices included within Level1 that are observable for the asset or liability, either directly (i.e. as prices) or indirectly (i.e. derived from prices).
Level 3—Inputs are not based on observable market data (unobservable inputs). Fair values are determined in whole or in part using a valuation model based on assumptions that are neither supported by prices from observable current market transactions in the same instrument nor are they based on available market data.
33. Financial risk management
The Company is exposed to various risks such as credit risk, liquidity risk and market risk.
i. Credit risk
Credit risk arises due to customer’s failure to repay the debts according to the contractual terms and conditions. It consists of two elements viz. risk of default in payment and decrease in the creditworthiness of the customers. Credit risk is controlled by analyzing credit limits and creditworthiness of customers on a continuous basis to whom the credit has been granted after obtaining necessary approvals for credit.
Since the Company is not engaged in Exports, it is not exposed to risk associated with other geographies.
ii. Market risk
The risk that the fair value of the financial instrument may fluctuate because of change in market conditions. Such changes in the values of financial instruments may result from changes in the interest rates, credit, liquidity and other market changes.
Since most of the liquid funds are parked as deposits with maturity of less than three months, the Company is exposed to the interest risk.
iii. Liquidity risk
Maintaining enough balance of cash and marketable securities is essential to meet the obligation when due. Liquidity risk refers to the risk that the Company cannot meet its financial obligations. The Company consistently generated sufficient cash flows from operations to meet its financial obligations as and when they fall due. However, the Company is exposed to liquidity risk as its current financial liabilities are significantly higher than the current financial assets (excluding current tax assets). The details are as follows:
33. Foreign exchange earnings and outgo:
The earnings and outgo in foreign currency is Rs. 11.52 lakhs for March 31,2025 (March 31,2024 - Rs. Nil).
34. Contingent liability:
The Contingent liability as at March 31,2025 is Rs. Nil (March 31,2024 - Rs. Nil).
35. Details of dues to micro and small enterprises as defined under MSMED Act, 2006
There are no defaults and overdue amounts payable to suppliers, who have intimated about their status as Micro and Small Enterprises as per the provisions of Micro, Small and Medium Enterprises Development Act, 2006 (MSMED Act, 2006).
36. Capital commitments:
The capital commitment as at March 31,2025 is Rs. Nil (March 31,2024 - Rs. Nil).
38. Previous periods / year’s figures have been regrouped where necessary to conform to current period’s classification.
39. The company has revalued its Agra property on dated 09.04.2024 as per the valuation report provided by the Registered Valuer and the revalued amount comes to Rs.58.75 lakhs for Land & CWIP. The same property has been reclassified previously held under Property, Plant and Equipment (PPE), into stock-in-trade. The total revalued amount shown as stock in trade and profit shown in June quarter’s Limited Review Report. However Disclosure pursuant to Ind AS -8 accounting policies change in accounting estimate and errors ( specified under section 133 of companies act 2013, read with Rule 7 of Companies ( accounts ) Rule 2015) the company has decided to book the Agra Land on its cost value and Agra CWIP on its re-impairment value and reinstate all the three quarter LRR.
40. Corporate Social Responsibility
The Provisions relating to Corporate Social Responsibility are not applicable to the Company.
41. There are no cases of any undisclosed income in the financial statements.
42. The Company has not advanced or loaned or invested funds (either borrowed funds or share premium or any other sources or kind of funds) to any other person(s) or entity(ies), including foreign entities (Intermediaries) with the understanding (whether recorded in writing or otherwise) that the Intermediary 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 provide any guarantee, security or the like to or on behalf of the Ultimate Beneficiaries.
43. 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.
44. There are no delays in registrations of any charges or satisfactions with Registrar of Companies.
45. The company has not traded or invested in crypto currency or virtual currency during the current year and previous year.
46. The company has not entered any transactions in companies that were struck off under the relevant Sections of the Companies Act 2013.
47. The Company has obtained overdraft facility for working capital limit from the bank and has utilized the same for the purpose for which it is raised, during the year.
48. The company has not given any loans and advance to Promoters, Directors, KMPs or Related parties.
49. No proceedings have been initiated or pending against the Company for holding any benami property under the Benami Transactions ( Act, 1988 45 of 1988 the Rules made thereunder.
50. Company was not declared wilful defaulter by any bank or financial institution or other lender.
51. The company has not been sanctioned working capital limit in the form of term loans and overdraft facilities.
52. The company has not entered into any scheme of arrangement in terms of sections 230 to 237 of the Companies Act, 2013.
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