2.12 Provisions and contingent liabilities
Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the
Company will be required to settle the obligation, and a reliable estimate can be made of the amount of the obligation.
The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the end of the reporting
period, taking into account the risks and uncertainties surrounding the obligation. In the event the time value of money is material, provision is
carried at the present value of the cash flows required to settle the obligation.
Contingent liabilities are disclosed when there is a possible obligation arising from past events, the existence of which will be confirmed only by the
occurrence or non-occurrence of one or more uncertain future events not wholly within the control of the Company or a present obligation that
arises from past events, where it is either not probable that an outflow of resources will be required to settle the obligation or a reliable estimate of
the amount cannot be made. When there is a possible obligation or a present obligation in respect of which the likelihood of outflow of resources is
remote, no provision or disclosure is made.
Contingent assets are possible assets that arises 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. A contingent asset is disclosed, where an inflow of economic
benefits is probable.
2.13 Cash and cash equivalents
Cash and cash equivalent in the balance sheet comprise cash at banks, cash on hand and short-term deposits with an original maturity of three
months or less, which are subject to an insignificant risk of changes in value.
2.14 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.
(a) Financial assets
(i) Initial recognition and measurement
At initial recognition, financial asset is measured at its fair value plus, in the case of a financial asset not at fair value through profit or loss,
transaction costs that are directly attributable to the acquisition of the financial asset. Transaction costs of financial assets carried at fair value
through profit or loss are expensed in profit or loss.
(ii) Subsequent measurement
For purposes of subsequent measurement, financial assets are classified in following categories:
a) at amortized cost; or
b) at fair value through other comprehensive income; or
c) at fair value through profit or loss.
The classification depends on the entity's business model for managing the financial assets and the contractual terms of the cash flows.
Amortized cost: Assets that are held for collection of contractual cash flows where those cash flows represent solely payments of principal and
interest are measured at amortized cost. Interest income from these financial assets is included in finance income using the effective interest rate
method (EIR).
Fair value through other comprehensive income (FVOCI): Assets that are held for collection of contractual cash flows and for selling the
financial assets, where the assets' cash flows represent solely payments of principal and interest, are measured at fair value through other
comprehensive income (FVOCI). Movements in the carrying amount are taken through OCI, except for the recognition of impairment gains or
losses, interest revenue and foreign exchange gains and losses which are recognized in Statement of Profit and Loss. When the financial asset is
derecognized, the cumulative gain or loss previously recognized in OCI is reclassified from equity to Statement of Profit and Loss and recognized in
other gains/ (losses). Interest income from these financial assets is included in other income using the effective interest rate method.
Fair value through profit or loss: Assets that do not meet the criteria for amortized cost or FVOCI are measured at fair value through profit or
loss. Interest income from these financial assets is included in other income.
Equity instruments: All equity investments in scope of Ind AS 109 are measured at fair value. Equity instruments which are held for trading 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.
Equity instruments included within the FVTPL category are measured at fair value with all changes recognized in the profit and loss.
(iii) Impairment of financial assets
In accordance with Ind AS 109, Financial Instruments, the Company applies expected credit loss (ECL) model for measurement and recognition of
impairment loss on financial assets.
In case of trade receivables, the Company follows a simplified approach wherein an amount equal to lifetime ECL is measured and recognized as
loss allowance.
In case of other assets , the Company determines if there has been a significant increase in credit risk of the financial asset since initial recognition.
If the credit risk of such assets has not increased significantly, an amount equal to 12-month ECL is measured and recognized as loss allowance.
However, if credit risk has increased significantly, an amount equal to lifetime ECL is measured and recognized as loss allowance.
Subsequently, if the credit quality of the financial asset improves such that there is no longer a significant increase in credit risk since initial
recognition, the Company reverts to recognizing impairment loss allowance based on 12-month ECL.
ECL is the difference between all contractual cash flows that are due to the Company in accordance with the contract and all the cash flows that the
Company expects to receive (i.e., all cash shortfalls), discounted at the original effective interest rate. Lifetime ECL are the expected credit losses
resulting from all possible default events over the expected life of a financial asset. 12-month ECL are a portion of the lifetime ECL which result from
default events that are possible within 12 months from the reporting date.
ECL are measured in a manner that they reflect unbiased and probability weighted amounts determined by a range of outcomes, taking into
account the time value of money and other reasonable information available as a result of past events, current conditions and forecasts of future
economic conditions.
As a practical expedient, Expected credit Loss is to be provided for on the basis of Simplified Approach as allowed under IND AS based on
historically observed default rates over the expected life of trade receivables and is adjusted for forward-looking estimates. At each reporting date,
the historically observed default rates and changes in the forward-looking estimates are updated.
(iv) Derecognition of financial assets
A financial asset is derecognized only when
a) the rights to receive cash flows from the financial asset is transferred or
b) retains the contractual rights to receive the cash flows of the financial asset, but assumes a contractual obligation to pay the cash flows to one or
more recipients.
Where the financial asset is transferred then in that case financial asset is derecognized only if substantially all risks and rewards of ownership of
the financial asset is transferred. Where the entity has not transferred substantially all risks and rewards of ownership of the financial asset, the
financial asset is not derecognized.
(b) Financial liabilities
(i) Initial recognition and measurement
All financial liabilities are recognized initially at fair value and, in the case of borrowings and payables, net of directly attributable transaction costs.
(ii) Subsequent measurement
Financial liabilities are classified as measured at amortised cost or FVTPL. A financial liability is classified as at FVTPL if it is classified as
held-for-trading, or it is a derivative or it is designated as such on initial recognition. Financial liabilities at FVTPL are measured at fair value and net
gains and losses, including any interest expense, are recognised in profit or loss.
Other financial liabilities are subsequently measured at amortised cost using the effective interest method. Interest expense and foreign exchange
gains and losses are recognised in profit or loss. Any gain or loss on derecognition is also recognised in profit or loss.
(iii) Derecognition
A financial liability is derecognized 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 derecognition of the original liability and the recognition of a new liability. The difference in the respective
carrying amounts is recognized in the Statement of Profit and Loss as finance costs.
(c) Financial Guarantee Contracts
Financial guarantee contracts are those contracts that require a payment to be made to reimburse the holder for a loss it incurs because the
specified party fails to make a payment when due in accordance with the terms of a debt instrument. Financial guarantee contracts are recognized
as a financial liability at the time the guarantee is issued at fair value, adjusted for transaction costs that are directly attributable to the issuance of
the guarantee.
(d) Embedded derivatives
An embedded derivative is a component of a hybrid (combined) instrument that also includes a non-derivative host contract - with the effect that
some of the cash flows of the combined instrument vary in a way similar to a standalone derivative. Derivatives embedded in all other host contract
are separated if the economic characteristics and risks of the embedded derivative are not closely related to the economic characteristics and risks
of the host and are measured at fair value through profit or loss. Embedded derivatives closely related to the host contracts are not separated.
Reassessment only occurs if there is either a change in the terms of the contract that significantly modifies the cash flows that would otherwise be
required or a reclassification of a financial asset out of the fair value through profit or loss.
(e) Derivative contracts
The Company uses derivative financial instruments such as foreign exchange forward contracts to hedge its foreign currency risks which are not
designated as hedges. All derivative contracts are marked-to-market and losses/gains are recognised in the Statement of Profit and Loss.
Derivatives are carried as financial assets when the fair value is positive and as financial liabilities when the fair value is negative.
(f) Offsetting financial instruments
Financial assets and liabilities are offset and the net amount is reported in the balance sheet where there is a legally enforceable right to offset the
recognized amounts and there is an intention to settle on a net basis or realize the asset and settle the liability simultaneously. The legally
enforceable right must not be contingent on future events and must be enforceable in the normal course of business and in the event of default,
insolvency or bankruptcy of the Company or the counterparty.
2.15 Employee Benefits
(a) Short-term obligations
All employee benefits payable wholly within twelve months of rendering the services are classified as short-term employee benefits. These benefits
include salaries and wages, bonus and ex-gratia. The undiscounted amount of short-term employee benefits expected to be paid in exchange for
the services rendered by employees is charged to the Statement of Profit and Loss in the period in which such services are rendered.
(b) Other long-term employee benefit obligations
(i) Defined contribution plan
Provident Fund: The Company's contributions to statutory provident fund in accordance with the Employees Provident Fund and Miscellaneous
Provisions Act, 1952 which is a defined contribution plan, are charged to the Statement of Profit and Loss in the period of accrual. The Company
has no obligation, other than the contribution payable to the provident fund.
Superannuation Fund: Employees of the Company above a prescribed grade are entitled to receive retirement benefits under the Company's
superannuation fund scheme. The contributions made by the Company to the approved Employees' Superannuation Fund Scheme under the
scheme administered and managed by a trust, towards defined contribution plan for eligible employees are charged to Profit and Loss in the period
of accrual.
(ii) Defined benefit plans
The Company provides for retirement benefits in the form of Gratuity. Benefits payable to eligible employees of the Company with respect to
gratuity is accounted for on the basis of an actuarial valuation as at the Balance Sheet date. The present value of such obligation is determined by
the projected unit credit method and adjusted for past service cost and fair value of plan assets as at the balance sheet date through which the
obligations are to be settled.
Remeasurements, comprising of actuarial gains and losses and the return on plan assets (excluding net interest) is reflected immediately in the
balance sheet with a charge/credit recognised in Other Comprehensive Income ("OCI") in the period in which they occur.
Remeasurements recognised in OCI is reflected immediately in retained earnings and is not reclassified to profit or loss in subsequent periods.
(iii) Other employee benefits
Other employee benefits are reassessed at the end of each year and provided on an accrual basis.
2.16 Earnings Per Share
Basic earnings per share is calculated by dividing the net profit or loss for the year attributable to equity shareholders by the weighted average
number of equity shares outstanding during the year. Earnings considered in ascertaining the Company's earnings per share is the net profit or loss
for the year after deducting preference dividends and any attributable tax thereto for the year. The weighted average number of equity shares
outstanding during the year and for all the years presented is adjusted for events, such as bonus shares, other than the conversion of potential
equity shares, that have changed the number of equity shares outstanding, without a corresponding change in resources.
For the purpose of calculating diluted earnings per share, the net profit or loss for the year attributable to equity shareholders and the weighted
average number of shares outstanding during the year is adjusted for the effects of all dilutive potential equity shares.
2.17 Borrowing Costs
Borrowing costs consist of interest and other costs that an entity incurs in connection with the borrowing of funds. Borrowing costs also include
exchange differences to the extent regarded as an adjustment to the borrowing costs.
All borrowing costs are charged to the Statement of Profit and Loss except:
Borrowing costs directly attributable to the acquisition or construction of assets that necessarily takes a substantial period of time to get ready for
its intended use are capitalised as part of the cost of such assets.
Investment Income earned on the temporary investment of funds of specific borrowings pending their expenditure on qualifying assets is deducted
from the borrowing costs eligible for capitalisation.
2.18 Investment properties
Property that is held for long-term rental yields or for capital appreciation or both, and that is not occupied by the group, is classified as investment
property. Investment property is measured initially at its cost, including related transaction costs and where applicable borrowing costs. Subsequent
expenditure is capitalised to the asset's carrying amount only when it is probable that future economic benefits associated with the expenditure will
flow to the group and the cost of the item can be measured reliably. All other repairs and maintenance costs are expensed when incurred. When
part of an investment property is replaced, the carrying amount of the replaced part is derecognised.
2.19 Segment reporting
Operating segments are reported in a manner consistent with the internal reporting provided to the chief operating decision maker. The Company is
principally engaged in a single business segment - processing of nuts and other dry fruits, which is governed by similar risk an return.
2.20 Rounding off amounts
All amounts disclosed in financial statements and notes have been rounded off to the nearest lakhs as per requirement of Schedule III of the Act,
unless otherwise stated.
3 Significant accounting judgments, estimates and assumptions
The preparation of financial statements requires management to make judgments, estimates and assumptions that affect the reported amounts of revenues,
expenses, assets and liabilities, and the accompanying disclosures, and the disclosure of contingent liabilities. Uncertainty about these assumptions and
estimates could result in outcomes that require a material adjustment to the carrying amount of assets or liabilities affected in future years.
3.1 Estimates and assumptions
The key assumptions concerning the future and other key sources of estimation uncertainty at the year end date, that have a significant risk of
causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year, are described below. The Company
based its assumptions and estimates on parameters available when the financial statements were prepared. Existing circumstances and
assumptions about future developments, however, may change due to market changes or circumstances arising that are beyond the control of the
Company. Such changes are reflected in the assumptions when they occur.
(a) Useful lives of property, plant and equipment and intangible assets
As described in the material accounting policies, the Company reviews the estimated useful lives of property, plant and equipment and intangible
assets at the end of each reporting period. Useful lives of intangible assets is determined on the basis of estimated benefits to be derived from use
of such intangible assets. These reassessments may result in change in the depreciation /amortisation expense in future periods.
(b) Fair value measurements and valuation processes
Some of the Company's assets and liabilities are measured at fair value at each balance sheet date or at the time they are assessed for impairment.
In estimating the fair value of an asset or a liability, the Company uses market-observable data to the extent it is available. Where Level 1 inputs
are not available, the Company engages third party valuers, where required, to perform the valuation. Information about the valuation techniques
and inputs used in determining the fair value of various assets and liabilities require estimates to be made by the management and are disclosed in
the notes to the financial statements.
(c) Actuarial Valuation
The determination of Company's liability towards defined benefit obligation to employees is made through independent actuarial valuation including
determination of amounts to be recognised in the Statement of Profit and Loss and in Other Comprehensive Income. Such valuation depend upon
assumptions determined after taking into account discount rate, salary growth rate, expected rate of return, mortality and attrition rate. Information
about such valuation is provided in notes to the financial statements.
(d) Impairment of non-financial assets
In assessing impairment, management estimates the recoverable amount of each asset or cash-generating units based on expected future cash
flows and uses an interest rate to discount them. Estimation uncertainty relates to assumptions about future operating results and the
determination of a suitable discount rate.
(e) Revenue from Contracts with Customers
The Company has applied judgments that significantly affect the determination of the amount and timing of revenue from contracts with customers.
4 Recent accounting pronouncements (Standards (including amendments) issued but not yet effective);
Ministry of Corporate Affairs ("MCA") notifies new standard or amendments to the existing standards under Companies (Indian Accounting Standards) Rules
as issued from time to time.
The Ministry of Corporate Affairs ("MCA") notifies new standards or amendments to the existing standards. On 7th May, 2025, the MCA notified amendment
to INDAS 21 " The Effects of Changes in Foreign Exchange Rates ", Which is effective from 1st April, 2025. The application of the above standard is not
expected to have any impact on the Company's financial statements.
Nature and purpose of reserves:
Securities Premium
Securities Premium reserve is created due to premium on share allotment. These reserve are utilized in accordance with provision of the Companies
Act, 2013.
Retained Earning
This represents the cumulative profits of the Company and effects of remeasurement of defined benefit obligations. It will be utilized in accordance with
the provisions of the Companies Act, 2013.
Other Comprehensive Income
This represents movement Gain/(loss) on remeasurements of the defined benefits plan. This other comprehensive income component will not be
reclassified to Profit and loss.
These Standalone financial statements are the first set of Ind AS financial statements prepared by the Company. Accordingly, the
Company has prepared standalone financial statements which comply with Ind AS applicable for year ending on 31st March, 2025,
together with the comparative year data as at and for the year ended 31st March, 2024, as described in the material accounting policies.
In preparing these standalone financial statements, the Company's opening balance sheet was prepared as at 1st April, 2023, being the
Company's date of transition to Ind AS. This note explains the principal adjustments made by the Company in conversion of its Indian
GAAP financial statements, including the balance sheet as at 1st April, 2023 and the standalone financial statements as at and for the
year ended 31st March, 2024.
The following reconciliations provide a quantification of the effect of significant differences arising from the transition from previous
GAAP to Ind AS as required under Ind AS 101:
(a) Reconciliation of Balance sheet as at 1st April, 2023 (Transition Date)
(b) Reconciliation of Balance sheet as at 31st March, 2024
(c) Reconciliation of statement of profit and loss for the year ended 31st March, 2024
(d) Reconciliation of Equity as at 1st April 2023 and as at 31st March, 2024
(e) Reconciliation of total comprehensive income for the year ended 31st March, 2024
The presentation requirements under previous GAAP differs from Ind AS, and hence, previous GAAP information has been regrouped for
ease of reconciliation with Ind AS. The regrouped previous GAAP/ Indian GAAP information is derived from the Financial Statements of
the Company prepared in accordance with previous GAAP.
A Exemption Availed on the first-time adoption of Ind AS;
Ind AS 101, First-time Adoption of Indian Accounting Standards, allows first-time adopters certain exemptions from the retrospective
application of certain requirements under Ind AS. The Company has accordingly applied the following exemptions.
1 Property, plant and equipment and intangible assets - Previous GAAP carrying value as deemed cost
Ind AS 101 permits a first time adopter to elect to continue the carrying value of all its property, plant and equipment as recognised in
the financial statements as at the date of transition to Ind AS, measured as per the previous GAAP and use that as its deemed cost after
making necessary adjustments to decommissioning liabilities. This exemption can also be used for intangible assets. Since there is no
change in the functional currency, accordingly, as permitted by Ind AS 101, the Company has elected to continue with the carrying
values under previous GAAP for all the items of property, plant and equipment. The same election has been made in respect of intangible
assets also.
2 Investments in subsidiaries
The carrying amounts of the Company's investments in its subsidiary companies as per the financial statements of the Company
prepared under Previous GAAP, are considered as deemed cost for measuring such investments in the opening Ind AS Balance Sheet.
F Notes to the reconciliation of equity as at 1st April, 2023 and 31st March, 2024 and total comprehensive income for the
year ended 31st March, 2024
1 Loan processing fees / transaction cost:
Under the previous GAAP, borrowings from banks and financial institutions were carried at their principal outstanding amount as at each
reporting date with the interest accrued portion separately classified under other liabilities. Processing fees paid for such borrowings was
expensed to the profit and loss statement. Under Ind AS such borrowings are required to be carried at their respective amortised cost
using the effective interest rate method.
2 Impact of application of lease accounting under Ind AS 116
Under Previous GAAP, lessees used to classify a lease contract as a finance lease or an operating lease at the inception of contract.
Under operating lease, rent payments were recognised as an expense in the statement of profit and loss on a straight-line basis over the
lease-term. Under Ind AS, the Company measures the lease liability at the present value of the future lease payments as at transition
date, discounted using the Company's incremental borrowing rate. Subsequent to initial measurement, the liability will be reduced for
payments made and increased for interest expense. Further, the Company recognises a right-of-use asset which is made up of the initial
measurement of the lease liability. Subsequent to initial measurement, the Company depreciates the right-of-use assets on a straight-line
basis from the lease commencement date to the earlier of the end of the useful life of the right-of-use asset or the end of the lease term.
The Company has followed modified approach to recognize right- of- use asset equal to lease liability as on the transition date.
For short-term and low value leases, the Company recognizes the lease payments as an operating expense on a straight-line basis over
the lease term.
Under the previous GAAP, interest free security deposits given (that are refundable in cash on completion of the term) are recorded at
their transaction value. Under Ind AS, all financial assets are required to be recognised at fair value. Accordingly, the company has fair
valued these security deposits under Ind AS. Difference between the fair value and transaction value of the security deposit has been
recognised as ROU Assets.
3 Remeasurement benefit of defined benefit plan
Under Ind AS, remeasurements on defined benefit plans i.e. actuarial gains and losses and the return on plan assets, excluding amounts
included in the net interest expense on the net defined benefit liability are recognised in other comprehensive income instead of profit
and loss. Under the previous GAAP, these remeasurements were forming part of the profit and loss for the year.
Other Comprehensive Income
Under previous GAAP, there was no concept of other comprehensive income. Under IND AS specified items of income, expenses, gains
and losses are presented as other comprehensive income.
4 Deferred Tax
Under Ind AS, deferred tax has been recognised on the adjustment made on transition to Ind As. Indian GAAP required deferred tax
accounting using the income statement approach, which focuses on differences between taxable profits and accounting profits for the
period. Ind AS 12 required entities to account for deferred taxes using the balance sheet approach, which focuses on temporary
differences between the carrying amount of an asset or liability in the balance sheet and its tax base. The application of Ind AS 12
approach has resulted in recognition of deferred tax on new temporary differences which was not required under Indian GAAP.
C. Market risk
With the entity having varied geographical spread of revenue, and with the price being determined, primarily by demand and supply,
the entity is not exposed to any market risk that require sensitivity analysis akin to any specific market such that profit or loss or
equity of the entity would get affected by changes in the relevant risk variable.
C.1 - Currency risk
The Company is exposed to foreign exchange risk arising from foreign currency transactions, primarily with respect to the USD
Foreign exchange risk arises from future commercial transactions and recognised assets and liabilities denominated in a currency that
is not the company's functional currency. The Company's foreign currency transactions are mainly in USD $. Consequently, the
Company is exposed to the risk that the exchange rate of the Indian Rupees (INR) relatively to USD $ may change in a manner
which has a material effect on the reported values of the Company's assets and liabilities which are denominated in INR.
The following table demonstrates the sensitivity to a reasonably possible change in the foreign currency exchange rate, with all other
variables held constant, of the Company's profit before tax (due to changes in the fair value of monetary assets and liabilities).
47 Other statutory information:
As per Schedule III, the following additional disclosures are required:
A Details of benami property held
No proceedings have been initiated on or are pending against the Company for holding benami property under the Benami
Transactions (Prohibition) Act, 1988 (45 of 1988) and Rules made thereunder.
B Wilful defaulter
The Company have not been declared wilful defaulter by any bank or financial institution or government or any government
authority.
C Relationship with struck off companies
The company has no transactions with the companies struck off under Companies Act, 2013 or Companies Act, 1956.
D Compliance with number of layers of companies
The Company has complied with the number of layers prescribed under the Companies Act, 2013.
E Compliance with approved scheme(s) of arrangements
The Company has not entered into any scheme of arrangement which has an accounting impact on current or previous financial
year.
F Undisclosed income
There is no income surrendered or disclosed as income during the current or previous year in the tax assessments under the
Income Tax Act, 1961, that has not been recorded in the books of account.
G Details of crypto currency or virtual currency
The Company has not traded or invested in crypto currency or virtual currency during the current or previous year.
H Valuation of property, plant and equipment, intangible asset and investment property
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.
I Title deeds of immovable properties not held in name of the Company
There are no immovable properties (other than properties where the Company is the lessee and the lease agreements are duly
executed in favour of the lessee) not held in the name of the Company.
J Registration of charges or satisfaction with registrar of companies
There are no charges or satisfaction which are yet to be registered with the registrar of companies beyond the statutory period.
K Utilisation of borrowed funds and share premium
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
L 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.
M Utilisation of borrowings availed from banks and financial institutions
The borrowings obtained by the Company from banks and financial institutions have been applied for the purposes for which such
loans were taken.
48 Audit Trail
The Company has used accounting software for maintaining its books of account which has a feature of recording audit trail (edit
log) facility and the same has operated throughout the year for all relevant transactions recorded in the software. Further, there
were no instances of audit trail features being tampered with in respect of the said software.
49 Figures for the previous year have been regrouped/reclassified to conform to the figures of the current year.
50 Events After The Reporting Period
The Board of Directors have recommended a final dividend of INR 0.24/- per Equity Share of INR 10/- each for the Financial Year
2024-25 subject to the approval of shareholders at the Annual General Meeting.
51 Approval of Financial Statement
The Financial Statements were approved for issue by the Board of Directors on 24th May, 2025.
For and on Behalf of the Board of Directors
For TAMANAA PARMAR & ASSOICATES KRISHIVAL FOODS LIMITED
Chartered Accountants
ICAI F.R.No. 014444C
CA Tamanna Parmar Aparna Morale Bangar Nana Prakash Mhaske
Partner Managing Director Director & CEO
M.No.: 409291 DIN : 05332039 DIN : 01911731
Date:- 24th May, 2025
Place:- Mumbai
Anant Kulkarni Rahul Gawande
Director & CFO Company Secretary
DIN : 01887356
Date:- 24th May, 2025
Place:- Mumbai
|