• Provisions, Contingent Liabilities and Contingent Assets
The Company creates a provision when there is a present obligation as a result of past event that probably
require an outflow of resources and a reliable estimate can be made of the amount of obligation. Provisions
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are measured at the best estimate of the expenditure required to settle the present obligation at the balance
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sheet date and are not discounted to the present value. These are reviewed at each year end and adjusted
to reflect the best current estimate.
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A disclosure for a contingent liability is made when there is a possible obligation or a present obligation that may or may not require an outflow of resources. When there is a possible obligation or present obligation in respect of which the likelihood of outflow of resources is remote, no provision or disclosure is made.
Contingent Assets are neither recognised nor disclosed in the financial statements.
• Cash and Cash Equivalents
Cash and Cash Equivalents in the balance sheet and for the purpose of cash flow statement comprise cash in hand and cash at bank including fixed deposit with original maturity period of three months and short-term highly liquid investments with an original maturity of three months or less as they are considered an integral part of the Company's cash management.
• 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
Initial recognition and measurement:
Financial assets are classified, at initial recognition, as subsequently measured at amortised cost, fair value through other comprehensive income (OCI), and fair value through profit or loss.
The classification of financial assets at initial recognition depends on the financial asset's contractual cash flow characteristics and the Company's business model for managing them. With the exception of trade receivables that do not contain a significant financing component or for which the Company has applied the practical expedient, the Company initially measures a financial asset at its fair value plus, in the case of a financial asset not at fair value through profit or loss, transaction costs. Trade receivables that do not contain a significant financing component or for which the Company has applied the practical expedient are measured at the transaction price determined under Ind AS 115.
In order for a financial asset to be classified and measured at amortised cost or fair value through OCI, it needs to give rise to cash flows that are 'solely payments of principal and interest (SPPI)' on the principal amount outstanding. This assessment is referred to as the SPPI test and is performed at an instrument level.
The Company's business model for managing financial assets refers to how it manages its financial assets in order to generate cash flows. The business model determines whether cash flows will result from collecting contractual cash flows, selling the financial assets, or both.
Purchases or sales of financial assets that require delivery of assets within a time frame established by regulation or convention in the market place (regular way trades) are recognised on the trade date, i.e., the date that the Company commits to purchase or sell the asset."
FINANCIAL ASSET
Subsequent measurement
For purposes of subsequent measurement, financial assets are classified in four categories:
a) Debt instruments at amortised cost
b) Debt instruments at fair value through other comprehensive income (FVTOCI)
c) Debt instruments, derivatives and equity instruments at fair value through profit or loss (FVTPL)
d) Equity instruments measured at fair value through other comprehensive income (FVTOCI)
DEBT INSTRUMENTS AT AMORTISED COST
A 'debt instrument' is measured at the amortised cost if both the following conditions are met:
a) The asset is held within a business model whose objective is to hold assets for collecting contractual cash flows, and
b) Contractual terms of the asset give rise on specified dates to cash flows that are solely payments of principal and interest (SPPI) on the principal amount outstanding.
This category is the most relevant to the Company. After initial measurement, such financial assets are subsequently measured at amortised cost using the effective interest rate (EIR) method. Amortised cost is calculated by taking into account any discount or premium on acquisition and fees or costs that are an integral part of the EIR. The EIR amortisation is included in finance income in the profit or loss. The losses arising from impairment are recognised in the profit or loss. This category generally applies to trade and other receivables."
DEBT INSTRUMENT AT FVTPL
FVTPL is a residual category for debt instruments. Any debt instrument, which does not meet the criteria for categorization as at amortized cost or as FVTOCI, is classified as at FVTPL.
In addition, the Company may elect to designate a debt instrument, which otherwise meets amortized cost or FVTOCI criteria, as at FVTPL. However, such election is allowed only if doing so reduces or eliminates a measurement or recognition inconsistency. The Company has not designated any debt instrument as at FVTPL.
Debt instruments included within the FVTPL category are measured at fair value with all changes recognized in the P&L.
EQUITY INVESTMENTS
All equity investments in scope of Ind AS 109 are measured at fair value. Equity instruments which are held for trading and contingent consideration recognised by an acquirer in a business combination to which Ind AS103 applies are classified as at FVTPL. For all other equity instruments, the Company may make an irrevocable election to present in other comprehensive income subsequent changes in the fair value. The Company makes such election on an instrument-by-instrument basis. The classification is made on initial recognition and is irrevocable.
If the Company decides to classify an equity instrument as at FVTOCI, then all fair value changes on the instrument, excluding dividends, are recognized in the OCI. There is no recycling of the amounts from OCI to P&L, even on sale of investment. However, the Company may transfer the cumulative gain or loss within equity.
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Equity instruments included within the FVTPL category are measured at fair value with all changes recognized in the P&L.
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DE-RECOGNITION OF FINANCIAL ASSETS
A financial asset (or, where applicable, a part of a financial asset or part of a Company of similar financial assets) is primarily derecognised (i.e. removed from the Company's consolidated balance sheet) when:
a) The rights to receive cash flows from the asset have expired, or
b) The Company has transferred its rights to receive cash flows from the asset or has assumed an obligation to pay the received cash flows in full without material delay to a third party under a 'pass-through' arrangement and either (a) the Company has transferred substantially all the risks and rewards of the asset, or (b) the Company has neither transferred nor retained substantially all the risks and rewards of the asset, but has transferred control of the asset.
When the Company has transferred its rights to receive cash flows from an asset or has entered into a passthrough arrangement, it evaluates if and to what extent it has retained the risks and rewards of ownership. When it has neither transferred nor retained substantially all of the risks and rewards of the asset, nor transferred control of the asset, the Company continues to recognise the transferred asset to the extent of the Company's continuing involvement. In that case, the Company also recognises an associated liability. The transferred asset and the associated liability are measured on a basis that reflects the rights and obligations that the Company has retained.
Continuing involvement that takes the form of a guarantee over the transferred asset is measured at the lower of the original carrying amount of the asset and the maximum amount of consideration that the Company could be required to repay.
IMPAIRMENT OF FINANCIAL ASSETS
In accordance with Ind-AS 109, the Company applies Expected Credit Loss ("ECL") model for measurement and recognition of impairment loss on the financial assets measured at amortized cost and financial assets measured at FVOCI. For financial assets other than trade receivables, as per Ind AS 109, the Company recognises 12 month expected credit losses for all originated or acquired financial assets if at the reporting date the credit risk of the financial asset has not increased significantly since its initial recognition. The expected credit losses are measured as lifetime expected credit losses if the credit risk on financial asset increases significantly since its initial recognition. The Company's trade receivables do not contain significant financing component and loss allowance on trade receivables is measured at an amount equal to life time expected losses i.e. expected cash shortfall.
The impairment losses and reversals are recognised in Statement of Profit and Loss.
FINANCIAL LIABILITIES
Initial recognition and measurement
Financial liabilities are classified, at initial recognition, as financial liabilities at fair value through profit or loss, loans and borrowings, payables, or as derivatives designated as hedging instruments in an effective hedge, as appropriate.
All financial liabilities are recognised initially at fair value and, in the case of loans and borrowings and payables, net of directly attributable transaction costs.
The Company financial liabilities include trade and other payables, loans and borrowings including bank overdrafts, financial guarantee contracts and derivative financial instruments.
The measurement of financial liabilities depends on their classification, as described below:
FINANCIAL LIABILITIES AT FAIR VALUE THROUGH PROFIT OR LOSS
Financial liabilities at fair value through profit and loss include financial liabilities held for trading and financial liabilities designated upon initial recognition as at fair value through profit and loss. Financial liabilities are classified as held for trading if they are incurred for the purpose of repurchasing in the near term. This category also includes derivative financial instruments entered into by the Company that are not designated as hedging instruments in hedge relationships as defined by Ind AS 109. Separated embedded derivatives are also classified as held for trading unless they are designated as effective hedging instruments.
Gains or losses on liabilities held for trading are recognised in the profit and loss.
Financial liabilities designated upon initial recognition at fair value through profit and loss are designated as such at the initial date of recognition, and only if the criteria in Ind AS 109 are satisfied. For liabilities designated as FVTPL, fair value gains/ losses attributable to changes in own credit risk are recognized in OCI. These gains/ loss are not subsequently transferred to P&L. However, the Company may transfer the cumulative gain or loss within equity. All other changes in fair value of such liability are recognised in the statement of profit or loss. The Company has not designated any financial liability as at fair value through profit and loss.
LOANS AND BORROWINGS
This is the category most relevant to the Company. After initial recognition, interest -bearing loans and borrowings are subsequently measured at amortised cost using the EIR method. Gains and losses are recognised in profit or loss when the liabilities are derecognised as well as through the EIR amortisation process.
Amortised cost is calculated by taking into account any discount or premium on acquisition and fees or costs that are an integral part of the EIR. The EIR amortisation is included as finance costs in the statement of profit and loss.
DE-RECOGNITION
A financial liability is derecognised when the obligation under the liability is discharged or cancelled or expires. When an existing financial liability is replaced by another from the same lender on substantially different terms, or the terms of an existing liability are substantially modified, such an exchange or modification is treated as the de-recognition of the original liability and the recognition of a new liability. The difference in the respective carrying amounts is recognised in the Statement of Profit and Loss.
OFFSETTING
Financial assets and financial liabilities are offset and the net amount is presented in the Balance Sheet, if the Company currently has a legally enforceable right to offset the recognised amounts and there is an intention to settle on a net basis, or to realise the assets and settle the liabilities simultaneously.
1) HDFC Bank Limited:
Primary Security:
First charge on Pari Passu basis with ICICI Bank Limited, State Bank of India Limited and Kotak Mahindra Bank Limited on Current Assets i.e. Stock of Raw Material, Stock in Process, Cinsumables stores and spares and Book Debts, bills whether documentary or clean, outstanding monies, receivables of the company both present and future.
Collateral Security:
First Pari Passu charge of HDFC Bank Limited with ICICI Bank Limited, State Bank of India Limited and Kotak Mahindra Bank Limited by way of equitable mortgage on the proprty details of which are given below, which held with SBI Cap Trustee Limited.
Personal Guarnatee:
All the above facilities have been secured against personal guarantee of Mr. Anil Kataria (Whole Time Director), Mr. Santosh Kataria (Managing Director), Mrs. Renu Kataria (Director), Mr. Ratanlal Kataria (Promoter), Mr. Sanjay Kataria (Promoter), Mr. Vikas Katraia (Promoter) & Mrs. Suman Devi Kataria (Promoter)
Auto Loan:
The vehicle loans from banks are secured by hypothecation of vehicle purchased.
2) ICICI Bank Limited:
Primary Security:
Current Assets with First Pari Passu Charge for Gold Metal Loan, Cash Crediut Facility, Working Capital Demand Loan, Bank Guarantee and Rupee Term Loan.
Current Assets with Second Pari Passu Charge for Working Capital Term Loan.
Collateral Security:
Immovable Properties (which are held with SBI Cap Trustee Limited) Details of which are given below) with First Pari Passu Charge for Gold Metal Loan, Cash Credit Facility, Working Capital Demand Loan, Bank Guarantee and Rupee Term Loan.
Immovable Properties (which are held with SBI Cap Trustee Limited and Details of which are given below) with Second Pari Passu Charge for Working Capital Term Loan.
Personal Guarnatee:
All the above facilities have been secured against personal guarantee of Mr. Anil Kataria (Whole Time Director), Mr. Santosh Kataria (Managing Director), Mrs. Renu Kataria (Director), Mr. Ratanlal Kataria (Promoter), Mr. Sanjay Kataria (Promoter), Mr. Vikas Katraia (Promoter) & Mrs. Suman Devi Kataria (Promoter)
3) State Bank of India Limited:
Primary Security:
Hypothecation: First Pari Passu charge on Co. entire present and future stocks on raciprocal basis comprising Raw Material, Stock in Process, Finished Gooods, consumable stores and spares and receivables at the co.'s Owned or Leased premises or given for Job Work including goods in transit/shipment.
Collateral Security:
Immovable Properties (which are held with SBI Cap Trustee Limited) details of which are given below.
Personal Guarnatee:
All the above facilities have been secured against personal guarantee of Mr. Anil Kataria (Whole Time Director), Mr. Santosh Kataria (Managing Director), Mrs. Renu Kataria (Director), Mr. Ratanlal Kataria (Promoter), Mr. Sanjay Kataria (Promoter), Mr. Vikas Katraia (Promoter) & Mrs. Suman Devi Kataria (Promoter)
4) Kotak Mahindra Bank Limited :
For Hypothecation:
First Pari Passu hypothecation charge to be shared with HDFC Bank, ICICI Bank and Other bank on all existing and future current assets and movable fixed assets of the borrower.
For Mortgage:
1. First Pari Passu equitable/Registered mortgage charge to be shared with HDFC Bank, ICICI Bank and Other bank on immovable property being Land and Building (which held with SBI Cap Trustee Limited) details of
which are given below.
2. All the above facilities have been secured against personal guarantee of Mr. Anil Kataria (Whole Time Director), Mr. Santosh Kataria (Managing Director), Mrs. Renu Kataria (Director), Mr. Ratanlal Kataria (Promoter), Mr. Sanjay Kataria (Promoter), Mr. Vikas Katraia (Promoter) & Mrs. Suman Devi Kataria (Promoter)
Details of Immovable Properties Secured against banking facilities (which held with SBI Cap Trustee Limited.) are as follows:
1. House Bearing S.No 31/188/71 To 73, Sale Deed Dt 05.02.2007 & 10.04.2007, Dhanji Bai Ka Nohra, Bajajkhana, Ratlam, 457001,Madhya Pradesh, India owned by Sanjay Kataria and Anil Kataria*
2. No. 101, 102, 201, 202 and 203 M G Road, Yashwant Niwas Road, First Floor And Second Floor, 569/3, M G Road, D N R 90 Degree, Indore, 452003, Madhya Pradesh, India owned by DP Abhushan Limited*
3. New Mu No 24/116/19, Chandani Chouk Ratlam, 457001, Madhya Pradesh, India owned by Suman Devi Kataria*
4. Showroom at Bhopal Plot No. 06 Teh. Huzur, Ward No. 34, Malviya Nagar, Bhopal - 462011 owned by DP Abhushan Limited*
5. 138, Chandani Chowk, Ratlam (M.P.)- 457001 owned by Ratanlal Kataria*
6. Survey No. 690/2, 692 & 693, Gopal Goshala Colony Dwarkapuri, Ratlam (M.P.)-457001 owned by Vikas Kataria*
The Company has not defaulted for any loans payable, and there has been no breach of any loan covenants.
33.2.2 Financial risk management
The company's principal financial liabilities, other than derivatives, comprise loans and borrowings, trade and other payable. The main purpose of these financial liabilities is to finance the Company's operations. The Company's principal financial assets include trade and other receivables and cash and cash equivalents that derive directly from its operations.
The company is exposed to market risk, credit risk and liquidity risk. The company's senior management oversees the management of these risks. It is the Company's policy that no trading in derivatives for speculative purposes may be undertaken. The Board of Directors reviews and agrees policies for managing each of these risks, which are summarised below.
A. Credit risk
Credit risk is the risk of financial loss to the Company if a customer or counter party to a financial instrument fails to meet its contractual obligations, and arises principally from the Company's exposures to trade receivables (mainly institutional customers and credit sales), deposits with landlords for store properties taken on leases and other receivables including balances with banks.
TRADE RECEIVABLES AND OTHER DEPOSITS
The Company's retail business is predominantly on 'cash and carry' basis which is largely through cash and credit card collections. The credit risk on such credit card collections is minimal, since they are primarily owned by customers' card issuing banks. The Company has adopted a policy of dealing with only credit worth counterparties in case of institutional customers and credit sales and the credit risk exposure for institutional customers and credit sales are managed by the Company by credit worthiness checks. The Company also carries credit risk on lease deposits with landlords for store properties taken on leases, for which agreements are signed and property possessions timely taken for store operations. The risk relating to refunds of deposits after store shut down is managed through successful negotiations or appropriate legal actions, where necessary.
OTHER FINANCIAL ASSETS
The Company maintains exposure in cash and cash equivalents and term deposits with banks. The Cash and cash equivalents and term deposits are held with the banks with good credit ratings.
The Company's maximum exposure to credit risk as at 31st March 2024 and 31st March 2023 is the carrying value of each class of financial assets.
B. Liquidity risk
Liquidity risk is the risk that the Company will encounter difficulty in meeting the obligations associated with its financial liabilities that are settled by delivering cash or another financial asset. The Company's approach to managing liquidity is to ensure, as far as possible, that it will have sufficient liquidity to meet its liabilities when they are due, under both normal and stressed conditions, without incurring unacceptable losses or risking damage to the Company's reputation.
The Company maintained a cautious liquidity strategy, with a positive cash balance throughout the year ended 31 March, 2024 and 31 March, 2023. Cash flow from operating activities provides the funds to service the financial liabilities on a day-to-day basis.
The Company regularly monitors the rolling forecasts to ensure it has sufficient cash on an on-going basis to meet operational needs. Any short term surplus cash generated, over and above the amount required for working capital management and other operational requirements, is retained as cash and cash equivalents (to the extent required) and any excess is invested in interest bearing term deposits with appropriate maturities to optimise the cash returns on investments while ensuring sufficient liquidity to meet its liabilities.
EXPOSURE TO LIQUIDITY RISK
The following are the remaining contractual maturities of financial liabilities at the reporting date. The amounts are gross and undiscounted, and include estimated interest payments:
MARKET RISK
i. Market risk
Market risk is the risk that changes in market prices - such as foreign exchange rates, interest rates and equity prices - will affect the Company's income or the value of its holdings of financial instruments. The objective of market risk management is to manage and control market risk exposures within acceptable parameters, while optimising the return.
ii. Interest rate risk
Interest rate risk can be either fair value interest rate risk or cash flow interest rate risk. Fair value interest rate risk is the risk of changes in fair values of fixed interest bearing financial assets or borrowings because of fluctuations in the interest rates, if such assets/borrowings are measured at fair value through profit or loss. Cash flow interest rate risk is the risk that the future cash flows of floating interest bearing borrowings will fluctuate because of fluctuations in the interest rates.
33.3 Capital Management
The Company's policy is to maintain a strong capital base so as to maintain investor, creditor and market confidence and to sustain future development of the business. Management monitors the return on capital as well as the level of dividends to ordinary shareholders.
The board of directors seeks to maintain a balance between the higher returns that might be possible with higher levels of borrowings and the advantages and security afforded by a sound capital position. The primary objective of the Company's Capital Management is to maximise shareholder value. The Company manages its capital structure and makes adjustments in the light of changes in the economic environment and the requirements of the financial covenants, if any.
The Company monitors capital using a ratio of 'adjusted net debt' to 'equity'. For this purpose, adjusted net debt is defined as total borrowings, comprising interest-bearing loans and borrowings less cash and cash equivalents. Equity comprises all components of equity.
33.6
In the opinion of director, the value on realization of current assets, loans and advances, if realized in the ordinary course of the business, shall not be less than the amount, which is stated in the current year balance sheet.
The provisions for all known liabilities are reasonable and not in excess of amount considered reasonably necessary.
|33.7
Figures have been rounded off to the nearest ' in lacs and have been regrouped, rearranged and reclassified wherever necessary.
|33.8
Wherever no vouchers and documentary evidences were made available for our verification, we have relied on the representation given by management of the company.
33.13 Gratuity and Other Post-employment benefit plans
(a) Defined contribution plans
The Company makes contributions, determined as a specified percentage of employee salaries, in respect of qualifying employees towards Provident Fund and Employees State Insurance, which are defined contribution plans. The Company has no obligations other than to make the specified contributions. The contributions are charged to the Statement of Profit and Loss as they accrue. The amount recognised as an expense towards contribution to Provident Fund and other funds for the year aggregated to ' 116.16 Lacs (31 March 2023: ' 90.57 Lacs) which is shown under notes to financial statements 26 - 'Employee benefits expenses'.
(b) Defined benefit plans
Employee gratuity fund scheme is the defined benefit plan. Provision for gratuity has been made in the accounts in respect of employees who have completed required number of years of service as on date of balance sheet based on Actuarial Valuation Report obtained from Actuarial Consultant. Gratuity is paid at the time of retirement of employees. Short Term Employee Benefits like leave benefit, if any, are paid along with salary and wages as and when accrued, bonus to employees are charged to profit and loss account on the basis of actual payment on year to year basis.
DISCOUNT RATE
The rate used to discount post-employment benefit obligations (both funded and unfunded) shall be determined by reference to market yields at the end of the reporting period on high quality corporate bonds. In countries where there is no deep market in such bonds, the market yields (at the end of the reporting period) on government bonds shall be used. The currency and term of the corporate bonds or government bonds shall be consistent with the currency and estimated term of the post-employment benefit obligations.
The estimated term of the Obligation is around 10.85 years. The yields on the government bonds as at the 31-032024 were 7.20%.
SALARY GROWTH RATE
This is Management's estimate of the increases in the salaries of the employees over the long term. Estimated future salary increases should take account of inflation, seniority, promotion and other relevant factors such as supply and demand in the employment market.
The salary escalation assumption reflects the expected 'average' over the entire population, as well as over time. When setting the assumption, companies must consider what Cumulative Average Growth Rate (CAGR) in salaries of the existing employees is expected over the duration of the liabilities.
RATE OF RETURN ON PLAN ASSETS
This assumption is required only in case of funded plans. Interest income on plan assets is calculated using the rate used to discount the defined benefit obligation.
WITHDRAWAL RATES
This is Management's estimate of the level of attrition in the company over the long term. Estimated withdrawal rates should take into account the broad economic outlook, type of sector the company operates in and measures taken by the management to retain/ relieve the employees.
MORTALITY RATES
Mortality rate is a measure of the number of deaths (in general, or due to a specific cause) in population, scaled to the size of that population, per unit of time.
REASONABLENESS OF ASSUMPTIONS
The Salary growth rate & Withdrawal rate assumptions are the expectation of the Management for the future years. It should be noted that we have not performed any validation check for appropriateness and adequacy of assumptions. The importance and broad guidelines related to assumptions were shared to clients.
The Assumptions provided by the Management have been accepted since The Management is best aware of the various factors that affects future trends and since It is Management responsibility to decide the future trends.
33.14 Disclosure pursuant with SEBI (Listing obligation and disclosure requirement, 2015) and section 186 of the Companies Act,2013
No loans and guarantee have been given by the Company to any third party or its subsidiary companies.
33.15 Events after the reporting period
The Company has evaluated subsequent events from the balance sheet date through 21st May, 2024, the date at which the financial statement was available to be issued, and determine that there are no material items to disclose other than those disclosed.
33.16 Other Statutory information
(a) The Company have not advanced or loaned or invested funds to any other person(s) or entity(ies), including foreign entities (Intermediaries) with the understanding that the Intermediary shall:
(i) 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
(ii) Provide any guarantee, security or the like to or on behalf of the Ultimate Beneficiaries.
(b) The Company have 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:
(i) 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
(ii) Provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries.
(c) The Company does not have any such transaction which is not recorded in the books of accounts that has been surrendered or disclosed as income during the year in the tax assessments under the Income Tax Act, 1961.
33.17 Relationship with Struck off companies
There are no balance outstanding on account of any transaction with companies struck off under section 248 of the Companies Act, 2013 or section 560 of Companies Act,1956.
33.18 The Standalone financial statements were approved for issue by the Board of Directors on 21st May, 2024.
33.19 Segment Reporting
The Company's business activity falls within a single primary business segment of "Jewellery" and one reportable geographical segment which is "within India". Accordingly, the company is a single segment company in accordance with Indian Accounting Standard 108 "Operating Segment".
33.20 The Company has not traded or invested in any crypto currency or virtual currency during the financial year.
33.21 The Company has not been declared a wilful defaulter by any bank or financial institution or other lender (as defined under the Companies Act, 2013) or consortium thereof, in accordance with the guidelines on wilful defaulters issued by the Reserve Bank of India.
33.22 The figures for the previous year have been re-grouped/ re-arranged, wherever necessary, to correspond with the current year classification/disclosure.
As per our report of even date, For, M/s D.P. ABHUSHAN LIMITED
CIN - L74999MP2017PLC043234
For, JEEVAN JAGETIYA & CO Santosh Kataria Anil Kataria
(Chartered Accountants) (Managing Director) (Whole Time Director)
FRN No: 121335W DIN: 02855068 DIN:- 00092730
NILESH ASAVA Vijesh Kumar Kasera Aashi Neema
Partner h ,U0„7 (Chief Financial Officer) (Company Secretary)
Membership N°: 142577 M |\|o A67041
UDIN: 24142577BKBQRQ9073 M No' A6/041
Date: 21st May, 2024 Place: Ratlam
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