29 Events occurring after Balance sheet date
There are no events subsequent to the balance sheet dare, which require adjustment of or disclosure in the Financial statements.
30 All the items of income and expense which are recognized in the Statement of Profit and Loss are for current financial period only
and there is no prior period item of income or expense treated as current period item, There are no changes in the accounting estimates during the period.
32 Impaired Assets: -
The Board is of the opinion that there is no impairment loss in the Carrying Amounts of all the assets of the company at the Balance Sheet date. Hence during the financial year company has nor provided for impairment loss in the carrying amount of assets.
33 Provisions and Contingent Liabilities: -
Provisions involving judgments and estimation in measurement of expenses are recognized when there is a present obligation as a result of past events and it is probable that there will be an outflow of resources. The Company has given a corporate guarantee to SM Autovision Private Limited (Associate Company) in connection with financial borrowings availed from SIDBI.
4.There is CapitalAVork-in-Progress as on 31.03.2025 Rs.l 19 Lakhs and 31.03.2024 Rs. 45.41 Lakhs 5.1ntangible assets under development are Nil as on 31,03.2025 and 31.03.2024
6. There is no Benami property held as on 31.03.2025 and 31.03.2024
7. The company is not declared as wilful defaulter by any authority.
8. The company does not have any transactions with companies struck off u/s 248 the Companies Act, 2013 or u/s 560 of the Comoanies Act. 1956.
li) Net provision of Rs. 50.23 lakhs/- Towards Gratuity is provided for in the books of accounts.
The Company has taken a Group Gratuity Policy to cover adequately the present liability for future payment of Gratuity to the employees. Provision is made on the basis of premium computed by the LIC of India.
lib Bonus/Ex-Gratia payable to employees^
The Company accounts for Bonus on accrual basis and Ex-gratia on payment basis ivi Leave Encashment:-
The company has provided for accumulated leaves as on 31st March 2025 in accordance with its policy.
37 Borrowing Cost Disclosures .
Borrowing costs on eligible assets have been capitalised on the basis of Weighted Average Cost of Borrowing of the company for the year, on pro rata basis.
38 Foreign Currency Transaction
During the year, there is no foreign currency transaction of the company.
39 Dues to Micro, Small and Medium Sized Enterprises
There are Micro, Small and Medium sized enterprises to whom the company owes the dues as at 31st March, 2025 and 31st March, 2024. The information regarding Micro, Small and Medium sized enterprise has been determined to the extent such parties have been identified on the basis of information
40 Segment Reporting
The Company is operating in one segment only.
141 Compliance with Accounting Standards
On the basis of transactions entered during the year, the company is not required to comply with the following Accounting Standards
a) AS — 7: Construction Contracts.
b) AS — 11: The Effects of Changes in Foreign Exchange Rates
c) AS - 14: Accounting for Amalgamation
d) AS - 24: Discontinuing Operations
el AS — 27 : Financial Reporting of Interests in Joint Ventures 43 Previous years figures have been re-grouped, rearranged and reclassified wherever necessary.