13.12 PROVISIONS

Provisions are recognised when as a result of a past event, the Company has a legal or constructive obligation; it is
probable that an outflow of resources will be required to settle the obligation; and the amount can be reliably estimated.
The amount so recognised is the best estimate of the consideration required to settle the obligation at the reporting
date, taking into account the risks and uncertainties surrounding the obligation.

13.13 FINANCIAL AND MANAGEMENT INFORMATION SYSTEM

The Company’s Accounting System is designated to unify the financial records, to comply with the relevant provisions of
the Companies Act, 2013, and to provide financial information appropriate to the businesses and facilitate internal control.

15 ADDITIONAL NOTES

15.01 The Company was maintaining separate accounts in scheduled banks for dividends declared for the financial years
2002-03, 2003-04, and 2004-05 from which dividends were paid to the shareholders. It is learnt that in respect of
stale dividend warrants the scheduled banks transferred the sums to the Reserve Bank of India since long as the
accounts have remained inoperative for years. As the Company is not holding any amount in Unclaimed Dividend
Account as of now, no amount is transferable to Investor Protection & Education Fund.

15 ADDITIONAL NOTES (Contd.)

15.02 There is no employee who is in receipt of remuneration exceeding Rs.10,200,000 per annum when employed throughout
the year or Rs.850,000 per month when employed for a part of the year.

15.03 There was no manufacturing or trading activity of the Company during the current year or in the previous year and
hence disclosure under Segment Reporting does not arise.

15.04 There are no dues outstanding for more than 45 days during the year, payable by the Company to its suppliers of
goods and services which are covered by the Micro, Small, and Medium Enterprises Development Act, 2006.

15.05 Previous year’s figures have been regrouped/reclassified wherever necessary to correspond with the current year’s
class ification/disclosure.

The accompanying notes 1 to 15 are an integral part of the Financial Statements.

In terms of our report of even date On behalf of the Board

For AGARWAL & ASSOCIATES BEEYU OVERSEAS LIMITED

Chartered Accountants
[Firm’s Regn. No. 323210E]

Shouvik Kundu Gunjan Bagla

Chief Financial Officer Company Secretary

Raj Kumar Agarwal
Partner

Membership No. 052130 Sovan Chatterjee Pranab Chakraborty

UDIN : 24052130BKAJPY7880 Director Whole time Director

Date : 21/05/2024 DIN : 10349322 DIN : 09030036

Place : Kolkata