10. Provision, Contingent Liabilities and Contingent Assets:
Contingent Liabilities, if any, are disclosed by way of Notes to accounts. Provisions involving
substantial degree of estimation in measurement are recognized when there is a present
obligation as a result of past events and it is probable that there will be outflow of resources.
Provision is made in the accounts in respect of those contingencies which are likely to
materialize into liabilities after the year end, till the approval of accounts by the Board of
Directors and which have material effect on the position stated in the balance Sheet.
11. Prior Period Items and Changes in Accounting Policies:
According to the information and explanations given to us and in the opinion of the
management, there are no prior period items significantly affecting the Net Profit or Loss for the
current period or later periods. And also, there is no change in the Accounting Policies used by
the management in the preparation of Financial Statements.
Notes
1. As defined in Paragraph 2(1)(xii) of the Non-Banking Finacial Companies Acceptance of Public
Deposits (Reserve Bank) Directions, 1998.
2. Provisioning norms shall be applicable as prescribed in the Non-Banking Financial (Non- Deposit
Accepting or Holding) Companies Prudential Norms (Reserve Bank) Directions, 2007.
3. All Accounting Standards and Guidance Notes issued by ICAI are applicable including for valuation
of investments and other assets as also assets acquired in satisfaction of debt.
However, market value in respect of quoted investments and break up/fair value/Net Asset Value in
respect of unquoted investments should be disclosed irrespective of whether they are classified as long
term or current in column (4) above.
"As per our Report Attached"
For N R Krishnamoorthy & Co
Chartered Accountants
FRN.: 001492S
For and on behalf of the Board of Directors
N R Krishnamoorthy FCA Aarisha
Membership No. : 020638 Managing Director
Place : Chennai
Date : 29.05.2025
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