The Rights, powers and preferences relating to each class of share capital and the qualifications, limitations and restrictions thereof are contained in the Memorandum and Articles of Association of the Company. The principle rights are as follows :
Equity Shares of Rs. 1/- each The Company has only one class of share capital namely Equity shares having a face value of Rs. 1/- per share.
a. In respect of every Equity Share (whether fully paid or partly paid),voting right shall be in the same proportion as the capital paid up on such Equity Share bears to the total paid up Equity capital of the Company
During the year ended 31st March 2025, the amount of per share dividend recognized as distributions to equity shareholders was
24. Contingent Liabilities (IndAS37)
Contingent Liabilities Not Provided For :-31/03/2025
a) Estimated amount of contracts remaining to be
executed on capital account NIL
b) Claims against company not acknowledged as debts NIL
25. OTHER NOTES :
i) Foreign Exchange earnings and out-go is Rs. NIL
26. Related Party Disclosure (Ind AS 24)
Disclosure requirements as per (Ind AS 24)" Related Party Disclosure" issued by the Institute of Chartered Accountants of India
I. List of Related Parties : Name of Related Parties and nature of relationships :
A. Key Managerial Personnel
• Mr. Narayan Singh Rathore - Managing Director appointed on 11.04.2025
• Mr. Narendra Kumar Shrimali - Director
• Mr. Rajesh Pherwani - Director
• Miss Laveena Pokharna-CFO and Whole Time Director appointed on 11.04.2025
• Mr. Prashant Tali - Company Secretary
• Mr. Kailash Chandra - Director
• Mr. Kaushal Jain - Director
• Ganpat Lal Nyati - Director till 30.11.2024
• Sonali Laddha - Director till 31.10.2024
Subsidiary Entity
• Mircocure Biotech Private Limited
B. Associate Enterprises
• Ferry Automotive Private Limited
C. Joint Venture
• Hemonc Pharma Private Limited
D. Other Related Parties - NIL
28. Segment Reporting (IndAS -108)
The Company is responsible for Segment reporting as per IndAS -108 "Operating Segment" specified under section 133 of the Companies Act, 2013. As the Company is engaged in two segment viz. Jewellery of Gold and Diamond Studded and Marketing of Pharmaceutical goods in India,
29. Deferred taxes on Income (IndAS 12):-
The company is entitled to create deferred tax asset in the books of A/cs with respect to timing difference of carried forward Capital Loss as well as depreciation.
30.In the absence of confirmation from some of the parties and pending reconciliation the debit and credit balances with regard to recoverable and payable have been taken as reflected in the books. In the opinion of the Directors, Loans and Advances and Current Assets, if realized in the ordinary course of business, have the value at which they are stated in the Balance Sheet.
23. Earnings Per Share (IndAS 33)
As per (IndAS 33) "Earning Per Share'' issued by Institute of Chartered Accountant of India the Company gives following disclosure for the year.
32. Financial Risk Management Objective & Policies
This section gives an overview of the significance of financial instruments for the Company and provides additional information on the balance sheet. Details of significant accounting policies, including the criteria for recognition, the basis of measurement and the basis on which income
and expenses are recognised, in respect of each class of financial assets and financial liabilities are disclosed.
The management has assessed that the fair value of current and non-current loan and advances, other non-current asset, trade receivables approximate their carrying amounts largely due to the short term maturities of these instruments.
The fair value of Investmentsare based on the amount at which the instrument could be exchanged in a current transaction between willing parties, other than in a forced or liquidation sale. The following methods and assumptions were used to estimate the fair values:
1) The fair values of the quoted equity shares are based on price quotations at the reporting date.
2) Investment in Subsidiary and Associate Companies are carried at cost.
3) The fair values of the unquoted debentures, mutual fund and equityshares have been estimated using Net Asset Value (NAV) as at reporting date.
The valuation of unquoted equity shares requires management to make certain assumptions about the Model Inputs, including forecast of cash flows, discount rate, credit risk and volatility. The probabilities of the various estimates within range can be reasonably assessed and are used in management's estimate of fair value for these unquoted shares. Wherever, the probability is low, valuation has been done based on redemption assumptions.
Fair Value Hierarchy
The different levels have been defined below:
Level 1: quoted prices (unadjusted) in active markets for identical assets or liabilities
Level 2: inputs other than quoted prices included within Level 1 that are observable for the
asset or liability, either directly (i.e., as prices) or indirectly (i.e., derived from prices)
Level 3: inputs for the asset or liability that are not based on observable market data (unobservable inputs)
33. Ratio Analysis
The table for ratio analysis is enclosed below in Annexure A
34. Other Statutory Information
I. The company has not traded or invested in crypto currency or virtual currency during the financial year.
II. As per information available, the company has no transactions which are not recorded in the books of accounts and which are surrendered or disclosed as income during the year in the tax assessment or in search or survey or under any other relevant provisions of the Income Tax Act, 1961.
III. The company is not covered under the requirements of Section 135 of the Companies Act, 2013, with respect to the CSR activities.
IV. The company is holding all the immovable properties in its own name as investment.
V. The company do not hold any benami property and no proceedings has been initiated or pending against the company for holding any benami property under Benami Transactions (Prohibition) Act 1988 and rules made there under
VI. The company has not been declared as willful defaulter by any bank or financial Institution or any other lender during the year.
VII. The company do not had any transactions during the year with the companies which are struck off under section 248 of the companies Act 2013 or section 560 of the companies Act 1956.
VIII. The company does not have any charge which are required to be registered with ROC under the terms of the loans & liabilities.
IX. As per the information & details available on records and the disclosure given by the management, the company has complied with the number of layers prescribed under clause (87) of section 2 of the companies Act read with the Companies (Restriction on number of layers) Rules 2017.
35. The figures for the previous year have been regrouped / rearranged / reclassified wherever necessary.
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