2.13 Provisions, Contingent Liabilities and Contingent Assets
A. Provisions
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.
B. Contingent liabilities
Contingent liabilities are disclosed when there is a possible obligation arising from past events, the existence of which will be confirmed only by 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 or a reliable estimate of the amount can not be made.
C. Contingent assets
Contingent assets are disclosed, where an inflow of economic benefit is probable.
Provisions, contingent liabilities and contingent assets are reviewed at each balance sheet date.
2.14 Statement of Cash flows
Cash flow are reported using the indirect method, whereby net profit before tax is adjusted for the effects of transactions of a non-cash nature, any deferrals of
accruals of past or future operating cash receipts or payments and item of income or expenses associated with investing or financing cash flows. The cash flows
from operating, investing and finance activities of the Company are segregated.
2.15 Earnings per share
Basic earnings per share are calculated by dividing the net profit or loss for the period attributable to equity shareholders by the weighted average number of
equity shares outstanding during the period.
2.16 Dividend to Equity Shareholders
Dividend to equity shareholders, if any, is recognised as a liability and deducted from shareholder's equity in the period in which the dividends are approved by the
equity shareholders in the general meeting.
@ Net profit after taxes Non-cash operating expenses Interest Other adjustments like loss on sale of fixed assets etc
# Principal repayment Interest & Lease Payments
A Tangible net worth Deferred tax liabilities Total Debt Non Current Lease liabilities
* The change in % is due to the following reasons (If the change is > 25%) :
The company is expanding its Real Estate Business. The company has purchased and sold lands resulting in higher profit.
The recovery from the customers were good and similarly, the company has also paid most of its vendors resulting in a lower
trade receivable and trade payables at the end of the year. The company has also repaid a significant portion of its borrowings
from the bank out of the available surplus funds. The inventory balance is lower due to higher sales. This has resulted in movement
in the above ratios.
36 The Company has elected not to apply Indian Accounting Standard 116 ('Ind AS 116') “Leases" as the effect of this adoption is
insignificant on the accompanying standalone financial statement.
37 Previous year's figures have been re-grouped/re-arranged wherever found necessary.
As per our report of even date
For DIYALI B AND ASSOCIATES For and on behalf of the Board and Directors of
Chartered Accountants Sugal & Damani Share Brokers Limited
Firm's Regn. No : 017740S
Sd/- Sd/-
DIYALI B Mahesh Chandak S.Vinodh Kumar
Proprietor Whole time director Director
Membership No : 242354 DIN : 00050149 DIN : 00050095
Sd/- Sd/-
Place : Chennai Radhika Maheshwari Dhakshayani
Date : 29th May, 2025 Company Secretary Chief Financial Officer
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