3.12 Provisions and contingent liabilities
The Company creates a provision when there is present obligation as a result of a past event that
probably requires an outflow of resources and a reliable estimate can be made of the amount of the
obligation. A disclosure for a contingent liability is made when there is a possible obligation or a
present obligation that may, but probably will not, require an outflow of resources. The Company also
discloses present obligations for which a reliable estimate 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.
3.13 Retirement and other employee benefits
3.13.1 Short-term obligations
Liabilities for wages and salaries, including non-monetary benefits that are expected to be Settled
wholly within 12 months after the period in which the employees render the related service are
recognised in respect of employees' services up to the end of the reporting period and are measured
at the amounts expected to be paid when the liabilities are settled.
3.13.2 Post - employment obligations
3.13.3 defined benefit plans : These are not yet applicable because none of the employee quality
for those benefits as at 31st March, 2024.
3.15 Fair value measurement
The Company measures its qualifying financial instruments at fair value on each Balance Sheet date.
Fair value is the price that would be received against sale of an asset or paid to transfer a liability in an
orderly transaction between market participants at the measurement date. The fair value measurement
is based on the presumption that the transaction to sell the asset or transfer the liability takes place in
the accessible principal market or the most advantageous accessible market as applicable. The
Company uses valuation techniques that are appropriate in the circumstances and for which sufficient
data is available to measure fair value, maximising the use of relevant observable inputs and minimising
the use of unobservable inputs. All assets and liabilities for which fair value is measured or disclosed
in the financial statements are categorised within the fair value hierarchy into Level I, Level II and
Level III based on the lowest level input that is significant to the fair value measurement as a whole.
3. Terms & Conditions attached
a All the equity shares carry equal rights and obligations including for dividend and with respect
to voting.
b The company has issued only one class of Share Capital, that is Equity Shares having face
value of Rs.10/- each.Each Holder of Equity Shares is entitled to one vote per share.
c In the event of Liquidation of the company,the holder of equity shares will be entitled to receive
any of the remaining assets of the company, after distribution of all preferential amounts.The
distribution will be in proportion to the number of equity shares held by the shareholders.
25. Fair Value hierarchy
The following table provides the fair value measurement hierarchy of Company's asset and
liabilities, grouped into Level 1 to Level 3 as described below:
Level 1: It includes fair value of financial instruments traded in active markets and are based on
quoted market prices at the balance sheet date like equity shares. The equity shares are
valued using the closing market price as at the balance sheet date.
Level 2: It includes fair value of the financial instruments that are not traded in an active market
like over-the-counter derivatives, which is valued by using valuation techniques. These valuation
Liqudity and funding risk
The company's ALCO monitors asset liability mismatches to ensure that there are no imbalances or
excessive concentrations on either side of the Balance Sheet.
The company continuously monitors liquidity in the market; and as a part of its ALCO strategy the
company maintaines a liquidity buffer to reduce the risk.
In terms of our report of even date annexed
For B D S & Co. For Golechha Global Finance Limited
Chartered Accountants gyanswaroop
GARG a,'.'.,..,..,.,.™
Sd/- Sd/- Sd/-
[Bharat D. Sarawgee] Gyan Swaroop Garg Mihir Ranjan Pal
Partner Chairman & Managing Director Wholetime Director & CFO
Membership N°. 061505 (Din: 00602659) (DIN: 05322461)
Firm Regn No. 326264E
UDIN : 21061505AAAANG2125
Sd/-
Place : Kolkata „ Aditi Bjj ^
Dated: 16th Day of May, 2024 Company Secretary
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