v) Contingent Liability and contingent assets
A contingent liability is possible obligation that
arises from past events whose existence will be
confirmed by the occurrence or non-occurrence
of one or more uncertain future events beyond
the control of Company or a present obligation
that is not recognised because it is not probable
that an outflow of resources embodying economic
benefits will be required to settle the obligation.
A contingent liability also arises in extremely
rare cases where there is a liability that cannot
be recognised because it cannot be measured
reliably. The Company does not recognise the
contingent liability but discloses its existence in
the standalone financial statements.
A contingent asset is a possible asset 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.
The Company does not recognise the contingent
assets since this may result in the recognition of
income that may never be realised but discloses its
existence in the standalone financial statements.
Where an inflow of economic benefits are
probable, the Company disclose a brief description
of the nature of contingent assets at the end of the
reporting period. However, when the realisation of
income is virtually certain, then the related asset is
not a contingent asset and the Company recognise
such assets.
Contingent liabilities and Contingent assets are
reviewed at each Balance Sheet date.
w) CSR expenditure
The Company charge its CSR expenditure incurred
during the year to the statement of profit and loss.
x) Significant accounting judgements, estimates
and assumptions
The preparation of standalone financial statements
as per lnd AS requires management to make
judgements, estimates and assumptions in the
application of accounting policies that affect the
reported amounts of assets, liabilities, income
and expenses. Although these estimates are
based on the management's best knowledge of
current events and actions, uncertainty about
these assumptions and estimates could result in
the outcomes requiring a material adjustment
to the carrying amounts of assets or liabilities in
future periods.
Revenue from contracts with customers
The Company applied the following judgements
that significantly affect the determination of the
amount and timing of revenue from contracts
with customers:
Identifying performance obligations in AMISP
Contract
The Company determined that both the (a) the
supply, installation, integration, testing, and
commissioning of the AMI system, and (b) the
operation, maintenance, and support services
post-installation are capable of being distinct.
The fact that the customer can benefit from both
products on their own and the promises to transfer
the equipment and to provide installation are
distinct within the context of the contract.
Consequently, the Company allocated a portion
of the transaction price to both performance
obligations based on relative stand-alone
selling prices.
Consideration of significant financing component
in a contract
Under the AMISP Contract, the payment for the
supply and installation of meters is to be received
over a period of 93 months. The Company
concluded that there is a significant financing
component to this contract, considering the length
of time between the customer's payment and the
transfer of the performance obligation for the
supply and installation of meters to the customer,
as well as the prevailing market interest rates.
I n determining the interest to be applied to the
amount of consideration, the Company concluded
that the interest rate implicit in the contract (i.e.,
the interest rate that discounts the cash selling
price of the equipment to the amount received
in installments) is appropriate because this rate
is commensurate with the rate that would be
reflected in a separate financing transaction
between the entity and its customer at the
inception of the contract.
Defined benefit plans
The cost of the defined benefit plan and other
postemployment benefits and the present value
of such obligation are determined using actuarial
valuations. An actuarial valuation involves making
various assumptions that may differ from actual
developments in the future. These include the
determination of the discount rate, future salary
increases, mortality rates and future pension
increases. Due to the complexities involved in
the valuation and its long-term nature, a defined
benefit obligation is sensitive to changes in these
assumptions. All assumptions are reviewed at each
reporting date.
Measurement of credit impairment
The measurement of impaired credit for trade
receivables is ascertained using the expected
credit loss model (ECL) approach. Appropriate
measurement for expected credit loss has been
made and provided for in financial statements. The
Company has also a made detailed assessment
of the recoverability and carrying value of trade
receivables. Based on current indicators of future
economic conditions, the Company expects to
recover the carrying amount of these assets.
The Company will continue to closely monitor
any material changes arising of future economic
conditions and impact on its collectability.
2.3 Change in accounting policies and disclosures
The Ministry of Corporate Affairs has notified
Companies (Indian Accounting Standards)
Amendment Rules, 2023 dated March 31, 2023 to
amend the following Ind AS which are effective
for annual periods beginning on or after April 1,
2023. The Company applied for the first-time
these amendments.
Disclosure of Accounting Policies - Amendments
to Ind AS 1
The amendments aim to help entities provide
accounting policy disclosures that are more
useful by replacing the requirement for entities
to disclose their 'significant' accounting policies
with a requirement to disclose their 'material'
accounting policies and adding guidance on how
entities apply the concept of materiality in making
decisions about accounting policy disclosures.
The amendments have had an impact on the
Company's disclosures of accounting policies,
but not on the measurement, recognition or
presentation of any items in the Company's
standalone financial statements.
Definition of Accounting Estimates - Amendments
to Ind AS 8
The amendments clarify the distinction between
changes in accounting estimates and changes
in accounting policies and the correction of
errors. It has also been clarified how entities
use measurement techniques and inputs to
develop accounting estimates. The amendments
had no impact on the Company's standalone
financial statements.
Deferred Tax related to Assets and Liabilities
arising from a Single Transaction - Amendments to
Ind AS 12
The amendments narrow the scope of the initial
recognition exception under Ind AS 12, so that it no
longer applies to transactions that give rise to equal
taxable and deductible temporary differences such
as leases. The company previously recognised for
deferred tax on leases on a net basis. As a result of
these amendments, the Company has recognised a
separate deferred tax asset in relation to its lease
liabilities and a deferred tax liability in relation to its
right-of-use assets. Since, these balances qualify
for offset as per the requirements of paragraph
74 of Ind AS 12, there is no impact in the balance
sheet. There was also no impact on the opening
retained earnings as at April 01, 2022.
2.4 Recent Accounting Developments
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 year ended March 31, 2025, MCA has
notified Ind AS 117 - Insurance Contracts and
amendments to Ind As 116 - Leases, relating to
sale and lease back transactions, applicable from
April 1, 2024. The Company has assessed that there
is no significant impact on its financial statements.
On May 9, 2025, MCA notifies the amendments to
Ind AS 21 - Effects of Changes in Foreign Exchange
Rates. These amendments aim to provide clearer
guidance on assessing currency exchangeability
and estimating exchange rates when currencies
are not readily exchangeable. The amendments are
effective for annual periods beginning on or after
April 1, 2025. The Company is currently assessing
the probable impact of these amendments on its
financial statements.
Notes:
1 The term loan of H3,104.80 lakhs (March 31, 2024: H2898.08 lakhs) from State Bank of India is secured
by a) Exclusive 1st charge on Plant & Machinery & Misc. Fixed assets purchased / to be purchased out
of Fresh Term Loan, b) Exclusive 1st charge by Equitable Mortgage on Factory Land & Building situated
at Plot no. 104, Brahmaputra Industrial Park, Amingaon, village - Silalndurighopa, District - Kamrup (R),
Assam and unconditional irrevocable personal guarantees of promoters directors Mr. Ishwar Chand
Agarwal, Mr. Rajendra Kumar Agarwal and Mr. Jitendra Kumar Agarwal. Interest to be charged @ 1.00%
p.a. above 6 Months MCLR. The loan is repayable in 20 quarterly installments starting from June 2024.
2 The term loan of H NIL (March 31, 2024: H 5,500 lakhs) from TATA Capital is secured by the pledge of
unencumbered shares (free from any charge, lien, pledge, lock up or any other form of encumbrance)
of the Genus Shareholders Trust held by the Borrower / Guarantor / Security provider to maintain the
security cover equal to 2.50 times during the tenure of the Loan. Interest is chargeable @ 10.35% p.a.
The Principal - Bullet repayment at the end of 36 months from the date of disbursal. Loan is fully repaid
during the year.
3 The term loan of H 5,000.00 lakhs (March 31, 2024: H NIL) from ICICI Bank is secured by the pledge of
unencumbered shares (free from any charge, lien, pledge, lock up or any other form of encumbrance)
of the Genus Shareholders Trust held by the Borrower / Guarantor / Security provider to maintain the
security cover equal to 2.25 times during the tenure of the Loan. Interest is chargeable @ 1% per year
MCLR. The Principal amount of the facility shall be repaid in 10 quarterly instalments after the expiry
of a moratorium of 2 quarters, with the first instalments falling due at the end of 9th month from the
date of first disbursement of the facility. Last date of repayment will be 36 months from the date of
first disbursement.
4 The External Commercial Borrowing (ECB) of H 41,350.81 lakhs (March 31, 2024: NIL) from US Development
Finance Corporation is secured by first ranking exclusive charge over the assets including receivables
pertaining to South Bihar AMISP contract, the security is registered in the name of Catalyst Trusteeship
Limited as per the agreement with party. Interest is chargeable @ 1.25% above the SOFR rate. The loan
is repayable in 27 quarterly instalments starting from August 15, 2025.
5 The term loan of H442.08 lakhs (March 31, 2024: H Nil) from HDFC Bank obtained for the purpose of
capital expenditure on Assam unit project is secured by Exclusive charge on Plant and Machinery created
out of TL and Entire plant and machinery of "Smart Electricity Energy Meters at Unit-2, Plot No.104,
Brahmaputra Industrial Park, Amingaon, Village: SILA INDURIGHOPA, District : Kamrup (R) ASSAM"
and unconditional irrevocable personal guarantees of promoters directors Mr. Ishwar Chand Agarwal,
Mr. Rajendra Kumar Agarwal and Mr. Jitendra Kumar Agarwal. Interest to be charged @ 8.90% p.a linked
to 3month T Bill.The loan is repayable in 48 monthly installments starting from first disbursement.
6 Vehicle loans from banks and non-banking financial companies are secured by way of hypothecation
of the vehicles financed by them under the finance scheme. The interest rate ranges between 7.25% -
9.60% p.a.
7 Cash credit and suppliers credit of H 49,864.99 lakhs (March 31, 2024: H 26,474.76 lakhs) of the Company
under consortium arrangement from Bank of Baroda, Indian Bank, State Bank of India, IDBI Bank Ltd,
YES Bank Limited, Axis Bank Limited, HDFC Bank Limited, Punjab National Bank, ICICI Bank and UCO
Bank, is secured by way of first pari-passu charge on entire current assets of the Company both present
and future and collateral security by way of 1st Pari-passu charges on the movable fixed assets of
the Company and equitable mortgage of properties on 1st Pari-Passu charge basis Factory Land &
Building situated at SPL-3A & SPL-2A, Sitapura, Jaipur (Rajasthan), Plot No.12, Sector-4, IIE Haridwar
(Uttarakhand), Plot No 09 & Plot No 10 situated at Sector -2, IIE, SIDCUL, BHEL, Haridwar and SP1-2317,
Ramchandrapura Industrial Area (Sitapura Extension) Jaipur and further secured by personal guarantees
of Mr. Ishwar Chand Agarwal, Mr. Rajendra Kumar Agarwal and Mr. Jitendra Kumar Agarwal.
8 Cash credit and working capital demand loan of H 5,107.78 lakhs (March 31, 2024: H 6,638.85 lakhs) from
The Federal Bank Limited is secured by pledge/assignment on debt mutual funds & bonds. Interest is
chargeable @ 1.75% p.a above the repo rate.
9 Working capital demand loan of H 7,845.00 lakhs (March 31, 2024: H Nil) from The Federal Bank Limited
is secured by the pledge of unencumbered shares (free from any charge, lien, pledge, lock up or any
other form of encumbrance) of the Genus Shareholders Trust held by the Borrower / Guarantor/ Security
provider to maintain the security cover equal to 2.40 times during the tenure of the Loan. Interest is
chargeable @2.45% p.a. above the repo rate.
10 Bills discounting of H 616.90 lakhs (March 31, 2024: H 2,113.19 lakhs) of the Company are secured by inland
documentary bills covering dispatches of goods under prime Bank's Letter of credit supported by related
documents. The rate of interest is the respective period MCLR and generally in the range between 7.00%
to 8.00% p.a.
11 FDOD facility for H Nil (March 31, 2024: H 1,840.00 lakhs) of the Company secured by Fixed Deposit. The
rate of interest is 0.50% p.a. above the FDR rate.
12 Other facilities for H 22,407.94 lakhs (March 31, 2024: H 12,806.73 lakhs) of the Company availed towards
financing payables of creditors. The rate of interest is the respective period MCLR and generally in the
range between 6.35% to 8.00% p.a.
Information about the Company’s performance obligations are summarised below:
Revenue from Service Concession Arrangement
The performance obligation is satisfied upon supply, installation, commissioning and operationalisation of
the meters over a period of time. There is a significant financing component for these contracts where the
customer has granted mobilization advance and also on account of timing difference in revenue recognition
and payment terms.
Revenue from sale of goods
Revenue from sale of goods is recognised at a point in time. The performance obligation is completed when
control of the asset is transferred to the customer, generally on delivery of the goods. In case of contracts
which also require installation of such meters, the performance obligation is completely satisfied upon
completion of installation. The Company considers whether there are other promises in the contract that
are separate performance obligation to which a portion of the transaction price needs to be allocated.
Revenue from Construction contracts
Revenue from construction contracts is recognised over a period of time using percentage of completion
method. The percentage of completion is determined by the proportion that contract costs incurred for
work performed up to the reporting date bear to the estimated total contract costs.
Revenue from rendering of services
The performance obligation is satisfied over-time and payment is generally due upon completion of
installation, operation & maintenance services and acknowledgement of the customer.
35 Share based payments
Employee Stock Option Scheme “ESOS-2012”
The Company instituted an Employee Stock Option Plan “ESOS-2012” as per the special resolution passed
in a General Meeting held on December 29, 2012. This scheme has been formulated in accordance with the
Securities Exchange Board of India (Employee Stock Option Scheme and Employee Stock Purchase Scheme)
Guidelines, 1999 and is in compliance with Securities Exchange Board of India (Share Based Employee
Benefits) Regulations, 2014.
The Company has reserved issuance of 19,45,000 (March 31, 2024: 19,45,000) equity shares of face value
of H 1 each for offering to eligible employees of the Company under Employees Stock Option Scheme-2012
(ESOS-2012). During the year ended March 31, 2024, equity pool of 30,00,000 (Thirty lakhs) equity shares
were transferred from ESOS-2012 to Employees Stock Appreciation Rights Plan 2019 and the maximum
vesting period was increased from 6 years to 10 years, pursuant to the Shareholders approval Dated February
08, 2024. In the earlier years, the Company has granted 68,82,065 options which includes 18,15,600 options
at a price of H 7 per option (adjusted for shares issued pursuant to scheme of arrangement), 582,000 options
at a price of H 6 per option (adjusted for shares issued pursuant to scheme of arrangement), 4,42,700 options
at a price of H 27.10 per options, 24,16,065 options at a price of H 30.30 per option and 16,25,700 options
at a price of H 17.95. Out of the total grant made till date, 24,16,065 options originally granted at a price of
H 30.30 per option has been cancelled. The options would vest over a maximum period of 10 years or such
other period as may be decided by the Nomination and Remuneration Committee from the date of grant
based on specified criteria.
Employees Stock Appreciation Rights Plan-2019 “ESARP-2019”
The Company instituted an Employees Stock Appreciation Rights Plan-2019 “ESARP-2019” as per the
resolution passed in Annual General Meeting held on September 6, 2019. This scheme has been formulated in
accordance with the Securities Exchange Board of India Guidelines, 1999 and is in compliance with Securities
Exchange Board of India (Share Based Employee Benefits) Regulations, 2014.
The Company has reserved issuance of 60,00,000 (March 31, 2024: 60,00,000) equity shares of face value
of H 1 each for offering to eligible employees of the Company under Employees Stock Appreciation Rights
Plan-2019 (ESARP-2019). During the year ended March 31, 2024, equity pool of 30,00,000 (Thirty lakhs)
equity shares were transferred from ESOS-2012 to Employees Stock Appreciation Rights Plan 2019 and the
maximum vesting period was increased from 6 years to 10 years, pursuant to the Shareholders approval
Dated February 08, 2024. In the earlier years, the Company has granted 32,00,000 rights which includes
16,50,000 rights at an exercise price of H 23.50 per right, 8,00,000 rights at an exercise price of H 54 per
right, 6,50,000 rights at an exercise price of H 85.80 per right and 1,00,000 rights at an exercise price of
H 239.90 per right. In the current year, the Company has granted 15,00,000 rights at an exercise price of
H 362.45 per right and 20,00,000 rights at an exercise price of H 257.15 per right. During the current year the
Nomination and Remuneration Committee of the Board of Directors of the Company in its meeting held on
February 19, 2025 has considered and approved the Cancellation of the 15,00,000 surrendered Employees
Stock Appreciation Rights, granted on October 8, 2024 under the '“Employees Stock Appreciation Rights
Plan 2019” of the Company. Out of the total grant made till date, 21,50,000 rights has been surrendered.
The rights would vest over a maximum period of 10 years or such other period as may be decided by the
Nomination and Remuneration Committee from the date of grant based on specified criteria.
37 The Directorate of Enforcement ("ED") conducted a search under the Prevention of Money laundering
Act, 2002 at the Company's Corporate office and its Chairman's residence on December 3, 2024. The
Company extended full cooperation to the ED officials and promptly provided all requested clarifications and
details. The Company has not received any formal communication or notice from the concerned authorities
thereafter. The management is confident of having made all due compliances.
38 Discontinued operations
During the year ended March 31, 2021, the Board of Directors of the Company had approved a Scheme of
Arrangement u/s 230-232 of the Companies Act, 2013 between the Company and Genus Prime Infra Limited
and their respective shareholders and creditors for transfer of 'Strategic Investment Division' of the Company
to Genus Prime Infra Limited through demerger on a going concern basis. Accordingly, the Company made
requisite filing to appropriate authorities in this regard. Subsequent to the current year end, the Scheme has
been sanctioned by the Hon'ble National Company Law Tribunal (Allahabad Bench) (NCLT) vide its order
dated April 24, 2025 which is also an appointed date as per the Scheme.
Consequent to the approval by NCLT, the aforesaid Scheme has been considered as highly probable as of the
year end March 31, 2025 and demerger of Strategic Investment Division into Genus Prime Infra Limited meets
the criteria prescribed in Ind AS 105 ""Non-current Assets Held for Sale and Discontinued Operations"" to
be considered as discontinued operations, hence Strategic Investment Division business has been disclosed
as discontinued operations in standalone financial statements for the year ended March 31, 2025.
H 29,744.62 lakhs) where individual sale made to parties were more than 10% individually of total revenue.
Appropriate measurement for expected credit loss has been made and provided for in financial statements.
The Company has also a made detailed assessment of the recoverability and carrying value of the mentioned
financial assets. Based on current indicators of future economic conditions, the Company expects to recover
the carrying amount of these assets. The Company will continue to closely monitor any material changes
arising of future economic conditions and impact on its collectability.
Liquidity Risk
Liquidity risk refers to the risk that the Company cannot meet its financial obligations. The Company
manages liquidity risk by maintaining adequate reserves, banking facilities and reserve borrowing facilities,
by continuously monitoring forecast and actual cash flows, and by matching the maturity profiles of financial
assets and liabilities.
43 Financial risk management objectives and policies
Financial risk management framework
The Company's principal financial liabilities comprise loans and borrowings, trade and other payables. The
main purpose of these financial liabilities is to finance the Company's operations. The Company's principal
financial assets include investments, loans, trade and other receivables, and cash and cash equivalent and
other bank balances.
The Company is exposed to credit risk, market risk and liquidity risk. The Company has a risk management
policy and its management is supported by a risk management committee that advices on risk and appropriate
financial risk governance framework for the Company. The risk management committee provides assurance
to the Company's management that the risk activities are governed by appropriate policies and procedures
and that risks are identified, measured and managed in accordance with the Company's policies and risk
objectives. The audit committee and the Board of Directors reviews and agrees policies for managing each
of these risks.
Credit risk
Credit risk is the risk that counterparty will not meet its obligations under a financial instrument or customer
contract, leading to a financial loss. The Company is exposed to credit risk from its operating activities
(primarily trade receivables and loans to companies). The company deals with parties which has good credit
rating/worthiness given by external rating agencies or based on Company internal assessment. The major
customers are usually the Government parties.
Exposure to credit risk:
The Company's exposure to credit risk is influenced mainly by the individual characteristics of each customer
and the carrying amount of financial assets represents the maximum credit exposure. The maximum
exposure to credit risk is H 1,59,279.49 lakhs (March 31, 2024: H 70,328.45 lakhs), being the total of the
carrying amount of balances with trade receivables (including retention money) and loans to companies.
In addition to above, the maximum exposure to credit risk in contract assets is H 19,091.07 lakhs (March 31,
2024: H 11,815.41 lakhs), (net of expected credit loss provision of H 212.85 lakhs (March 2024: H 119.35 lakhs)
The measurement of impaired credit for carrying amount of the above financial assets is ascertained
using the expected credit loss model (ECL) approach. The Company is considerate of the fact the
majority of the collection is receivable from Government Companies where there can be delay in
collection, however, there are no significant risk of bad debts. The sale for the current year includes
three customers (sale value of H 1,67,879.84 lakhs), & previous year include two customers (Sale value of
Interest rate risk
I nterest rate risk is the risk that the fair value or future cash flows of a financial instrument will fluctuate
because of changes in market interest rates. As the Company have debt obligations with floating interest
rates, the Company is exposed to the risk of changes in market interest rate. The 100 basis points change
in market interest rate would increase / (decrease) the finance cost by H 1,364.60 lakhs (March 31, 2024 :
H 587.12 lakhs).
The Company has no significant interest bearing assets, the income and operating cash flows are substantially
independent of market interest rate.
Foreign currency exchange rate risk
The fluctuation in foreign currency exchange rates may have potential impact on the statement of profit
or loss and other comprehensive income and equity, where any transaction references more than one
currency or where assets / liabilities are denominated in a currency other than the functional currency of
the respective entities. The risks primarily relate to fluctuations in US Dollar, Japanese Yen, SGD and Euro
against the functional currency of the Company. The Company, as per its risk management policy, uses
derivative instruments primarily to hedge foreign currency payable. The Company evaluates the impact of
foreign exchange rate fluctuations by assessing its exposure to exchange rate risks. It hedges a part of these
risks by using derivative financial instruments in line with its risk management policies. The information on
derivative instruments is disclosed in note no. 40.
58 Maintenance & operating effectiveness of Audit Trail feature
The Company has used accounting software, the erstwhile version from April 1, 2024 to October 2, 2024 and
migrated version from October 3, 2024 onwards, for maintaining its books of account which has a feature of
recording audit trail (edit log) facility, except that audit trail feature was not enabled in the migrated version
for certain transactions tables at the application level. Further, in the earlier version, the audit trail was not
enabled at the database level to log any direct changes and in the migrated version, which is managed and
maintained by a third-party software service provider, the SOC report provided by third-party have not
covered the audit trail functionality at the database level.
Furthermore, where the audit trail feature was enabled, it has operated throughout the year for all transactions
recorded in the accounting software. Also during the course of our audit, we did not come across any instance
of the audit trail feature being tampered with in respect of such accounting softwares. Additionally, the
audit trail feature of the prior year has been preserved by the Company as per the statutory requirements
for record retention to the extent it was enabled and recorded in the previous year.
59 Donation to political parties through electoral bonds
The Company has also made political contributions during current year and in earlier years, as disclosed in the
respective financial statements. Based on internal assessment and legal advice, the Company is of the view
that it is in compliance with the laws applicable to it in the relevant years, and the Honorable Supreme Court
order reinstating limits and disclosures for political contributions will not have an impact on the Company.
60 Other Statutory Information
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.
iii) The Company does not have any charges or satisfaction which is yet to be registered with ROC beyond
the statutory period.
iv) The Company has not traded or invested in Crypto currency or Virtual Currency during the financial year.
v) The Company has not been declared wilful defaulter by any bank or financial institution or government
or any government authority.
vi) 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.
vii) 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
viii) The Company does not have any undisclosed income which is not recorded in the books of account that
has been surrendered or disclosed as income during the year (previous 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.
61 Events after the reporting period
There are no significant adjusting events that occurred subsequent to the reporting period.
For and on behalf of the Board of Directors of Genus Power Infrastructures Limited
Ishwar Chand Agarwal Rajendra Kumar Agarwal Nathu Lal Nama Ankit Jhanjhari Puran Singh Rathore
Chairman Managing Director & CEO Chief Financial Officer Company Secretary Joint Company Secretary
DIN: 00011152 DIN: 00011127 M. No. A16482 M. No. A25543
Place: Jaipur
Date: May 30, 2025
As per our report of even date As per our report of even date
For M S K A & Associates For Kapoor Patni & Associates
Chartered Accountants Chartered Accountants
ICAI firm registration number: 105047W ICAI Firm registration number: 019927C
per Vinod Gupta per Abhinav Kapoor
Partner Partner
Membership No. 503690 Membership No. 419689
Place: Jaipur Place: Jaipur
Date: May 30, 2025 Date: May 30, 2025
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