K. Provision, contingent liabilities and contingent assets
Provisions are recognised when the Company has a
present obligation (legal or constructive) as a result of
a past event, it is probable that an outflow of resources
embodying economic benefits will be required to settle
the obligation and a reliable estimate can be made of
the amount of the obligation. Expected future operating
losses are not provided for.
Provisions are determined by discounting the expected
future cash flows at a pre-tax rate that reflects current
market assessments of the time value of money and
the risks specific to the liability. The unwinding of the
discount is recognised as finance costs.
The Company records a provision for decommissioning
costs. Decommissioning costs are provided at the
present value of expected costs to settle the obligation
using estimated cash flows and are recognized as part
of the cost of the particular asset. The cash flows are
discounted at a current pre-tax rate that reflects the risks
specific to the decommissioning liability. The unwinding
of the discount is expensed as incurred and recognized
in the statement of profit and loss as a finance cost.
The estimated future costs of decommissioning are
reviewed annually and adjusted as appropriate.
Contingencies:
Provision in respect of loss / contingencies relating to
claims, litigations, assessments, fines and penalties are
recognised when it is probable that a liability has been
incurred and the amount can be estimated reliably.
Contingent liabilities and contingent assets:
Contingent liability is a possible obligation arising from
past events and whose existence will be confirmed only
by the occurrence or non-occurrence of one or more
uncertain future events not wholly within the control of
the entity or a present obligation that arises from past
events but is not recognized because it is not probable
that an outflow of resources embodying economic
benefits will be required to settle the obligation or the
amount of the obligation cannot be measured with
sufficient reliability. The Company does not recognize
a contingent liability but discloses its existence in the
standalone financial statements.
Contingent asset is not recognised in standalone
financial statements since this may result in the
recognition of income that may never be realised.
However, when the realisation of income is virtually
certain, then the related asset is not a contingent asset
and is recognized.
Provisions, contingent liabilities and contingent assets
are reviewed at each Balance Sheet date
L. Earnings per share
Basic Earnings per share
Basic Earnings Per Share (‘EPS’) is calculated by dividing
the profit attributable to the equity shareholders of the
Company by the weighted average number of equity
shares outstanding during the year.
Diluted Earnings per share
Diluted earnings per share is computed by dividing the
profit (considered in determination of basic earnings
per share) after considering the effect associated with
dilutive potential equity shares by the weighted average
number of equity shares considered for deriving basic
earnings per share adjusted for the weighted average
number of equity shares that would have been issued
upon conversion of all dilutive potential equity shares.
M. Exceptional items
The Company discloses certiain financial information
both including and excluding exceptional items. The
presentation of information excluding exceptional
items allows a better understanding of the underlying
operating performance of the Company and provides
consistency with the Company internal management
reporting. Exceptional items are identified by virtue of
either their size or nature so as to facilitate comparision
with prior periods and to assess underlying trends in the
financial performance of the Company.
N. Cash flow statement
Cash flows are reported using the indirect method,
whereby profit for the year is adjusted for the effects
of transactions of a non-cash nature, any deferrals or
accruals of past or future cash receipts or payments and
item of income or expenses associated with investing
or financing cash flows. The cash flows are segregated
into operating, investing and financing activites. The
Company considers all highly liquid investments that
are readily convertible to known amounts of cash to be
cash equivalents.
O. Cash and cash equivalents
Cash and cash equivalents in the balance sheet and
cash flow statement consists of cash on hand, deposits
held at call with financial institutions, other short¬
term, highly liquid investments with original maturities
less than three months which are readily convertible
to known amounts of cash and which are subject to
insignificant risk of changes in value.
P. Investments in subsidiaries
Investments in subsidiaries carried at cost less any
provision for impairment. Investments are reviewed
for impairment if events or changes in circumstances
indicate that the carrying amount may not be recoverable.
Q. Dividend
The Company recognises a liability for any dividend
declared but not distributed at the end of the reporting
period, when the distribution is authorised and the
distribution is no longer at the discretion of the Company
on or before the end of the reporting period.
R. Events after reporting date
Where events occurring after the balance sheet date
provide evidence of conditions that existed at the end
of the reporting period, the impact of such events is
adjusted within the financial statements. Otherwise,
events after the balance sheet date of material size or
nature are only disclosed.
S. Recent pronouncements
Ministry of Corporate Affairs (‘MCA’) notifies new
standards or amendments to the existing standards
under Companies (Indian Accounting Standards)
Rules as issued from time to time. During the current
year, MCA has notified amendment to Ind AS-21
The Effects of Changes in Foreign Exchange Rates,
Ind AS-1 Presentation of Financial Statements, Ind
AS-7 Statement of Cash Flows, Ind AS-107 Financial
Instruments: Disclosures and Ind AS-12 Income Taxes,
applicable to the Company w.e.f. April 1, 2025. The
Company has reviewed the new pronouncements and
based on its evaluation has determined that it does not
have any impact in its financial statements.
(iii) The Company does not have any capital work-in-progress which is overdue or has exceeded its cost compared to its original
plan and hence capital work-in-progress completion schedule is not applicable.
(iv) There are no CWIP which is temporarily suspended as at March 31,2026 and March 31,2025.
4 (c) Right-of-use assets and lease liabilities
The Company has elected not to apply the requirements of Ind AS 116 "Leases" to short-term leases of all assets that have a
lease term of 12 months or less and leases for which the underlying asset is of low value. The lease payments associated with
these leases are recognized as an expense on a straight-line basis over the lease term except inflation adjustment.
The Company uses the incremental borrowing rate to discount its lease payments. The rate applied is 8.50% p.a.
Provision for impairment
Investments are tested for impairment annually and when circumstances indicate that the carrying value may be impaired.
Impairment is determined by assessing the recoverable amount of each investment. When the recoverable amount of the
investment is less than its carrying amount, an impairment loss is recognised.
The recoverable amounts of the above investments have been assessed using a value-in-use model. Value in use is generally
calculated as the net present value of the projected post-tax cash flows plus a terminal value of the business. Initially, a post-tax
discount rate is applied to calculate the net present value of the post-tax cash flows. Key assumptions upon which the Company
has based its determinations of value-in-use include :
a) Estimated cash flows based on internal budgets and industry outlook for a period of five years and a terminal growth
rate thereafter.
b) The terminal value is arrived at by extrapolating the last forecasted year cash flows to perpetuity, using a constant long-term
growth rate. This long term growth rate takes into consideration external macroeconomic sources of data.
c) The after tax discount rates used reflect the current market assessment of the risks specific to a CGU, the discount rate is
estimated based on the weighted average cost of capital ('WACC') for respective CGU.
The Company believes that any reasonably possible change in the key assumptions on which a recoverable amount is based
would not cause the aggregate carrying amount to exceed the aggregate recoverable amount of the investment.
(ii) Terms/rights attached to equity shares
The Company has only one class of equity shares having a par value of Re. 1 per share (March 31,2025: Re. 1 per share).
Each holder of equity shares is entitled to one vote per share. The shareholders are entitled to dividends in Indian
Rupees, proposed by the Board of Directors and subject to the approval of the shareholders in the Annual General
Meetings. In the event of liquidation of the Company, the holders of equity shares will be entitled to receive residual
assets of the Company. The distribution will be in proportion to the number of equity shares held by the shareholders.
24. Disclosure required under Clause 22 of Micro, Small and Medium Enterprise Development ('MSMED')
Act, 2006
The Ministry of Micro, Small and Medium Enterprises has issued an Office Memorandum dated 26 August 2008 which
recommends that the Micro and Small Enterprises should mention in their correspondence with its customers the Entrepreneurs
Memorandum Number as allocated after filing of the Memorandum. Accordingly, the disclosure in respect of the amounts
payable to such enterprises as at 31 March 2026 has been made in the financial statements based on information received and
available with the Company. Further in view of the management, the impact of interest, if any, that may be payable in accordance
with the provisions of the Act is not expected to be material. The Company has not received any claim for interest from any
supplier under the said Act.
Note: The above disclosures are provided by the Company based on the information available with the Company in respect of
the registration status of its vendors/suppliers.
25. Disclosure as per Section 186 of the Companies Act, 2013
The details of loans, guarantees and investments under Section 186 of the Companies Act, 2013 read with the Companies
(Meetings of Board and its Powers) Rules, 2014 are as follows :
(i) Details of investments made are given in Note 6(a)
(ii) Details of the loans given by the Company is given in Note 6(c)
26. Operating Segments
A. Basis for segmentation
An operating segment is a component of the Company that engages in business activities from which it may earn
revenues and incur expenses, including revenues and expenses that relate to transactions with any of the Company’s
other components, and for which discrete financial information is available. All operating segment's results are reviewed
regularly by the Company’s Chairman and Managing Director to make decisions about resources to be allocated to the
segments and assess their performance.
The Chief Operating Decision Maker ("CODM") who are the Company's Chairman and Managing Director who evaluate the
Company’s performance and allocates resources based on an analysis of various performance indicators at operational
unit level and since there is single operating segment, no segment disclosures of the Company is presented. The Company’s
operations fall within a single business segment “Diagnostic services”.
B. Geographical information
The Company operates within India and therefore there are no assets or liabilities outside India.
C. Major customers
No single customer contributed more than 10% of the Company's revenues during the year ended March 31,2026 and
March 31,2025.
27. Purchase commitments towards reagent kits
The Company has entered into agreements with certain suppliers for purchase of reagents which include the right to use
equipment during the life of the agreement in addition to purchase of minimum committed quantities of reagents every year.
These agreements are in substance, cost of reagents and services arrangements provided by the supplier on an annual basis and
the minimum purchase commitments therein do not result in more than insignificant penalty on termination of the agreement.
The cost of reagents which includes the cost of rental of the equipment is recorded as cost of material consumed.
28. Employee benefit plans
The Company has following post employment benefit plans:
(a) Defined contribution plans
Contributions were made to provident fund and Employees’ State Insurance in India for the employees of the Company
as per the regulations. These contributions are made to registered funds administered by the Government of India. The
obligation of the Company is limited to the respective amount contributed and it has no further contractual nor any other
constructive obligation. The expense recognised during the period in the standalone statement of profit and loss towards
defined contribution plans is Rs. 543.08 (March 31,2025: Rs. 484.17).
(b) Defined benefit plan
The Company provides for Gratuity for employees in India as per the Payment of Gratuity Act, 1972. Employees who are in
continuous service for a period of 5 years are eligible for Gratuity. The amount of Gratuity payable on retirement/ termination
is the employee’s last drawn basic salary per month computed proportionately for 15 days salary multiplied for the number
of years of service or part thereof in excess of six months, restricted to a sum of Rs. 20.
The Gratuity plan is administered through a Gratuity Scheme with Life Insurance Corporation of India (‘LIC’). The Company
does not fully fund the liability and maintains a target level of funding to be maintained over a period of time based on
estimations of expected gratuity payments.
his defined benefit plans expose the Company to actuarial risks, such as longevity risk, interest rate risk and market
(investment) risk.
i. Reconciliation of the net defined benefit (asset)/ liability
The amounts recognised in the balance sheet and the movements in the defined benefit obligation and fair value of
plan assets over the year are as follows:
Discount rate: The discount rate is based on the prevailing market yields of Indian government securities as at the
balance sheet date for the estimated term of the obligations.
Salary escalation rate: The estimates of future salary increases considered takes into account the inflation, seniority,
promotion and other relevant factors.
Attrition rate: Represents the Company's best estimate of employee turnover in future (other than on account of
retirement, death or disablement) determined considering various factors such as nature of business, retention
policy, industry factors, past experience, etc.
iv. Sensitivity analysis
Reasonably possible changes at the reporting date to one of the relevant actuarial assumptions, holding other
assumptions constant, would have affected the defined benefit obligation and current service cost by the
amounts shown below:
The sensitivity analysis presented above may not be representative of the actual change in the projected benefit
obligation as it is unlikely that the change in assumptions would occur in isolation of one another as some of the
assumptions may be correlated. Furthermore, in presenting the above sensitivity analysis, the present value of
the projected benefit obligation has been calculated using the projected unit credit method at the end of the
reporting year, which is the same method as applied in calculating the projected benefit obligation as recognised in
the balance sheet.
The methods and types of assumptions used in preparing the sensitivity analysis did not change compared to
the prior period.
v. Expected contributions to the plan for the next annual reporting period
Expected contribution to post-employment benefit plans for the next year ending March 31,2027 is Rs. 793.10 (March
31,2026: Rs. 617.13)
vi. Maturity profile of the defined benefit liability
The weighted average duration of the defined benefit obligation is 6 years (March 31,2025 - 7 years). The expected
maturity analysis of defined benefit obligation on an undiscounted basis is as follows:
29. Share based payments
VDCL Employee Stock Option Plan 2018 “The Plan" or "ESOP 2018”
The shareholders of the Company approved "VDCPL Employee Stock Option Plan 2018 (ESOP 2018)" at the Extraordinary
General Meeting held on May 03, 2018 and subsequently it was amended at the extraordinary genaral meeting held on March
25, 2021 and August 26, 2021 to grant a maximum of 1,625,000 options to specified categories of employees of the Company.
Each option granted and vested under ESOP 2018 shall entitle the holder to acquire one equity share of face value of Rs. 1 each
of the Company.
The Plan consists of six schemes with various vesting periods from the grant date subject to satisfaction of vesting conditions. The
method of settlement under the Plan is by issue of equity shares of the Company and there are no cash settlement alternatives
for the employees.
Vested options can be exercised over a period of ten years from the grant date. The Exercise Price is the fair value of the equity
share as on the date of the grant or as decided by the Nomination and remuneration committee. The time and performance
based options under Scheme 1,2, 3, 4, 5 and 6 become vested as below:
The time and performance based options under Scheme 1 become eligible on an annual basis at 30%, 30%, 20% and 20% over
a period of four years and vesting starts from second year. The time and performance based options under Scheme 2 become
eligible on an annual bais at 25%, 25%, 25% and 25% over a period of four years and vesting starts from third year. The time
based options under Scheme 3 become eligible on an annual basis at 25%, 25%, 25% and 25% over a period of four years and
vesting starts from third year. The time based options under Scheme 4 become eligible on annual basis at 100% and vest on
second year from the grant date. The time based options under Scheme 5 become eligible and vest on an annual basis at 25%,
25%, and 50% over a period of three years. The time based options under Scheme 6 become eligible on an annual basis at 0%,
25%, 50% and 25% over a period of four years and the performace based options under Scheme 6 become eligible on an annual
basis at 25%, 25%, 25% and 25% over a period of four years.
The fair value of equity share options is estimated at the date of grant using Black- Scholes model, taking into account the terms
and conditions upon which the share options were granted. Based on the historical trends, 50% of stock options are expected
to be vested and exercised, accordingly the total compensation cost recognised in the statement of profit and loss is Rs. 172.85
(March 31,2025: 159.20).
Reasons for variance of more than 25%
(i) There is a increase in the current ratio primarily due to decrease in capital creditors.
Definitions:
(a) Earnings available for debt service = Profit for the year Non-cash operating expenses such as depreciation and
amortisation Interest other adjustments like loss on sale of fixed assets etc.
(b) Debt service = Interest Lease Payments Principal Repayments
(c) Average inventory = (Opening inventory balance Closing inventory balance) / 2
(d) Average trade receivables = (Opening trade receivables balance Closing trade receivables balance) / 2
(e) Average trade payables = (Opening trade payables balance Closing trade payables balance) / 2
(f) Working Capital = Current assets - Current liabilities
(g) Earnings before interest and taxes = Profit before tax Finance costs - Other income
(h) Capital Employed = Total assets- Total liabilities - Intangible assets Deferred tax liabilities
32. Capital management
The Company’s policy is to maintain a stable and strong capital structure with a focus on equity so as to provide returns to
shareholders, benefits to other stakeholders, creditors and to sustain future development and growth of the business. In order
to maintain the capital structure, the Company monitors the return on capital as well as debt to total equity ratio. The Company
aims to manage its capital efficiently so as to safeguard its ability to continue as a going concern and to optimise returns to all
its shareholders. For the purpose of debt to total equity, debt includes its long-term and short-term borrowings. Total equity
comprises of issued share capital and all other equity reserves.
33. Financial instruments
A. Accounting classifications and fair values
The following table shows the carrying amounts and fair values of financial assets and financial liabilities, including their
levels in the fair value hierarchy.
The fair value of trade receivables, loans, other financial assets, cash and cash equivalents, other bank balances, trade
payables, lease liabilities and other financial liabilities approximate their carrying amount largely due to short-term nature
of these instruments. Investments in mutual funds, which are classified as FVTPL are measured using net assets value at
the reporting date multiplied by the quantity held.
Investment in subsidiaries have been accounted at historical cost. Since, these are scoped out of Ind AS 109 for the purpose
of measurement, the same are not disclosed in the table above.
B. Measurement of fair values
i. Valuation techniques and significant unobservable inputs
Investment in equity instruments: The fair value of investment in equity instruments approximate to its carrying value.
Hence, no fair value gain/ (loss) accounted in OCI.
ii. Transfer between Level 1 and 2
There have been no transfers from Level 2 to Level 1 or vice-versa in the current year and no transfers in either direction
in previous year.
The Company's risk management is carried out by the Senior Management under policies approved by the Board of
Directors. The Board of Directors provides guiding principles for overall risk management, as well as policies covering
specific areas such as credit risk and liquidity risk.
i. Credit risk
Credit risk is the risk of financial loss to the Company if a customer or counterparty to a financial instrument fails to
meet its contractual obligations, and arises principally from the Company's receivables from customers and loans.
The Company has no significant concentration of credit risk with any counterparty.
Trade receivables and loans:
Customer credit risk is managed by the respective department subject to Company's established policy, procedures
and control relating to customer credit risk management. Credit quality of a customer is assessed based on individual
credit limits as defined by the Company. Outstanding customer receivables are regularly monitored. All the trade
receivables are non interest bearing.
Expected credit loss (ECL) assessment for individual customers:
As per simplified approach, the Company makes provision of expected credit losses on trade receivable using a
provision matrix to mitigate the risk of default payment and make appropriate provision at each reporting date.
The Company has an exposure of Rs. 2709.00 as at March 31,2026 (March 31,2025: Rs. 1,626.00) for loans given to
subsidiaries. Such loans are classified as financial asset measured at amortised cost. The Company did not have any
amounts that were past due but not impaired at March 31,2026 or March 31,2025. The Company has no collateral in
respect of these loans.
Credit risk on cash and cash equivalents, deposits with banks is generally low as the said deposits have been
made with the banks who have been assigned high credit rating by credit rating agencies. Investments of surplus
funds are made only with approved financial institutions. Investments primarily include investments in subsidiaries
and mutual funds.
ii. 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 finance team monitors rolling forecasts of the Company’s liquidity position and cash and cash equivalents on
the basis of expected cash outflows on trade payables and other financial liabilities and any excess/ short liquidity is
managed in the form of bank deposits and investment in mutual funds as per the approved frame work.
Except for these financial liabilities, it is not expected that cash flows included in the maturity analysis could
occur significantly.
iii. Market risk
Market risk is the risk that results from changes in market prices - such as foreign exchange rates, interest rates and
others - will affect the Company's income. The objective of market risk management is to manage and control market
risk exposures within acceptable parameters, while optimizing the return.
34. Additional regulatory information pursuant to the requirement in division II of schedule III to the
Companies Act 2013
i. The Company does not have any Benami property, where any proceeding has been initiated or pending against the Company
for holding any Benami property.
ii. The Company does not have any transactions with companies struck off under section 248 of the Companies Act, 2013 or
section 560 of Companies Act, 1956 during the financial year.
iii. The Company has not traded or invested in Crypto Currency or Virtual Currency during the financial year.
iv. The Company does not have any charges or satisfaction which is yet to be registered with Registrar of Companies (ROC)
beyond the statutory period.
v. The Company has 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:
(a) 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
(b) provide any guarantee, security or the like to or on behalf of the Ultimate Beneficiaries
vi. 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:
(a) 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
(b) provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries
vii. The Company has not entered into any 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 (such as, search or survey
or any other relevant provisions of the Income Tax Act, 1961).
viii. The Company has not been declared as wilful defaulter by any bank or financial institution or government or any
government authority.
ix. The Company has not revalued its property, plant and equipment (including right-of-use assets) or intangible assets or both
during the current or previous year.
35. The Company received a letter dated July 5, 2021, March 14, 2022 and September 16, 2022 under section 37 of the Foreign
Exchange Management Act, 1999 read with section 133(6) of the Income Tax Act, 1961 from the Directorate of Enforcement,
Government of India (“ED”) requesting certain information for the purpose of their investigation. The Company responded to the
ED letter by letter dated August 5, 2021, March 31,2022 and September 29, 2022 by providing the information requested for. The
letter only sought certain information, which has been complied with, and it is not a show cause notice or demand letter at this
stage, and there is no impact to the financial statements.
36. Labour Codes
The Government of India has consolidated existing labour legislations into four comprehensive labour codes effective 21
November, 2025. These codes include Code on Wages 2019, Code on Social Security 2020, Industrial Relation Code 2020, and
Occupational Safety, Health and Working Condition Code 2020 (collectively referred to as the New Labour Codes). However, the
final rules under these codes are yet to be notified. Pending notification, the Company has evaluated the incremental impact of
these changes in accordance with the guidance issued by the Institute of Chartered Accountants of India and has estimated and
recognized the additional gratuity and leave liability of Rs 78.82 Lakhs basis the actuarial valuation. The Company continues to
monitor the finalisation of Central / State Rules and clarifications from the Government on other aspects of the Labour Codes
and would provide appropriate accounting effect on the basis of such developments as needed.
37. Merger of Medinova Diagnostic Services Limited with the company
The Board of Directors of the Company, at its meeting held on 26 June 2024, approved a Scheme of Amalgamation (“the Scheme”)
of its subsidiary, Medinova Diagnostic Services Limited (“Transferor Company”), with the Company with effect from 01 April
2024 (“the Appointed Date”), pursuant to Sections 230 to 232 of the Companies Act 2013 and other applicable provisions, and
the rules made thereunder.
The Scheme was sanctioned by the Hon’ble National Company Law Tribunal, Hyderabad Bench (“NCLT”), vide order dated 13
October 2025 and the certified copies of the order passed by NCLT has also been duly filed with the Registrar of Companies.
Accordingly, the Company has accounted for the amalgamation as specified in the Scheme in accordance with the “pooling
of interest” method as laid down in Appendix C- ‘Business Combinations of Entities Under Common Control’ of Ind AS 103,
Business Combinations, notified under Section 133 of the Companies Act read with the Companies (Indian Accounting
Standards) Rules, 2015 and all the comparatives presented have been restated to give effect of the amalgamation from the
beginning of the previous year.
In giving effect to the amalgamation, the company has accounted in accordance with Appendix C of IND AS 103
Business Combination:
a. All the assets, liabilities, reserves and surplus as appearing in the transferor company have been transferred and vested in
the Company as mentioned below.
b. In consideration for the above Scheme, the Company issued 171,792 shares amounting to INR 1,405 lakhs for 3,779,420
shares held by non controlling shareholders of the transferor company.
c. The difference between value of share capital of transferor company and existing investment in the transferor company
plus the consideration paid as mentioned above has been transferred to ‘Amalgamation Reserve’ under ‘Other Equity’.
Further to the above, the Company, on 8 January 2026, allotted 171,792 equity shares of INR 1 each in exchange for 3,779,420
equity shares held by the non-controlling shareholders of the transferor company.
38. During the year, Company Secretary of the Company, being one of the Key Managerial Personnel under the provisions of
Section 203 of the Companies Act, 2013 (‘Act’) resigned w.e.f. 16 March 2026. The Company is in the process of identifying a
suitable candidate and fill the said vacancy within the prescribed timelines under the applicable provisions of the Act.
39. Dividends
During the financial year ended March 31,2026, the Company paid a final dividend of Rs. 2 per equity share aggregating to Rs.
2,054.49 lakhs pertaining to the previous financial year, as approved by the shareholders.
Subsequent to March 31,2026, the Board of Directors of the Company at its meeting held on May 07, 2026 has recommended a
final dividend of Rs. 2/- per equity share (amounting to Rs. 2,057.94) which is subject to approval at the ensuing Annual General
Meeting of the Company and hence was not recognised as a liability.
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