13. Corporate Social Responsbilities
Disclosure on Corporate Social Responsibility (CSR) activities u/s 135 of the Companies Act, 2013 is as under:
14. Related Party Disclosures
The Disclosures of Transaction with the related parties are given in NOTE 27.
15. Taxes on Income
Deferred Tax is recognized subject to consideration of prudence on timing differences being difference between taxable and accounting Income/Expenditure that originate in one period and are capable of reversal in one or more subsequent periods. Deferred Tax Assets are not recognized unless there is virtual certainty that sufficient future taxable income will be available against which such deferred tax assets will be realized.
16. Earning Per Share
Basic earnings per share is calculated by dividing the net profit or loss after tax for the year attributable to equity shareholders by the weighted average number of equity shares outstanding during the year. Diluted earnings per share are computed using the weighted average number of equity shares and dilutive potential equity shares outstanding during the year except where the results are anti-dilutive.
17. Minium Alternate Tax Credit
Minimum Alternate Tax Credit Entitlement is recognised in the books of account when there is convincing evidence that the Company will pay normal income tax during the specified period. The Entitlement is reviewed at each balance sheet date with regard to the correctness of the carrying amount.
18. Discontinuing Operation
During the years/period, the company has not discontinued any of its operations.
19. Provisions, Contingent Liabilities and Contingent Assets
a) Provisions involving substantial degree of estimation in measurement are recognized when there is a present obligation as a result of past events and it is probable that there will be an outflow of resources.
b) Contingent Liabilities are not recognized but disclosed in the financial statements.
c) Contingent Assets are neither recognized nor disclosed in the financial statements.
d) Provisions, Contingent Liabilities and Contingent Assets are reviewed at each Balance Sheet Date.
Terms/Rights attached i Equity Shares
The Company has only one class of equity shares. The par value of each equity share is Re. 1 per share. Each holder of equity shares is entitled to one vote per share. In the event of liquidation of company, the holders of equity shares will be entitled to receive remaining assets of company after settlement of all liabilities. The distribution will be in proportion to the number of equity shares held by the shareholders.
1. Aggregate number of bonus shares issued, share issued for consideration other than cash during the period of five years immediately preceding the reporting date: In FY 2022-23:-38,67,146 equity shares of Rs. 10 have been alloted as fully paid bonus shares by capitaliszation of Secruity Premium of Rs. 3,86,71,460 and in FY 2017-18 :-18,75,000 equity shares of Rs. 10 have been alloted as fully paid bonus shares by capitalization of Securities Premium of Rs. 1,87,50,000
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Note No. 30 : Contingent Liabilities & Commitments
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Nature of Contingent Liabilities & Commitments
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Figures as at
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Figures as at
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31.03.2024
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31.03.2023
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Income Tax Matter under Dispute (Excluding Interest)
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399.45
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162.36
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Total
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399.45
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162.36
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