Accounting Policy:
Capital Work-in-Progress comprise :
a. expenditure incurred on Irrigation Projects and
b. costs directly attributable to uprooting old tea bushes, rehabilitation of land, replanting, and the upkeep and maintenance of young tea bushes up to the fifth year from the year of planting. Upon completion of this phase, i.e., from the sixth year onwards, the accumulated costs are capitalised as bearer plants and subsequently depreciated on a straight-line basis over their estimated useful life of 80 years.
Intangible assets comprise of computer software and are measured initially at cost. Subsequently, they are carried at cost less accumulated amortisation and accumulated impairment losses, if any. The cost of purchased software is capitalised as an intangible asset when it is expected to provide future economic benefits to the Company. Expenditure incurred on maintenance and routine upgrades of software is recognised in the Statement of Profit and Loss in the period in which it is incurred. Intangible assets with finite useful lives are amortised on a straight-line basis over their estimated useful life of 3 to 5 years. Amortisation commences when the asset is available for use.
The Company's biological assets comprise unharvested green tea leaves growing on tea bushes. These assets are recognised when -
a. the Company controls the asset as a result of past events,
b. it is probable that future economic benefits associated with the asset will flow to the Company, and
c. the fair value or cost of the asset can be measured reliably.
Standing tea leaves on tea bushes at the reporting date, which are expected to be harvested in the subsequent plucking cycle, are measured at fair value less costs to sell. Changes in the fair value less costs to sell of biological assets are recognised in the Statement of Profit and Loss in the period in which they arise.
Tax expenses for the year comprise of current tax and deferred tax. Current tax is the expected tax payable on the taxable income for the year using the applicable tax rates. Any adjustment to taxes in respect of previous years is recognised and disclosed separately under ‘‘Tax Expenses / Income’’ in the Statement of Profit and Loss.
Current tax assets and liabilities for the current and prior periods are measured at the amount expected to be recovered from or paid to the taxation authorities using the tax rates (and tax laws) that are enacted or substantively enacted by the balance sheet date and applicable for the period.
The Company offsets current tax assets and current tax liabilities, where it has a legally enforceable right to set off the recognized amounts and where it intends either to settle on a net basis or to realise the assets and settle the liabilities simultaneously.
B. Terms / Rights attached to Equity Shares :
The company has one class of equity shares having a par value of Rs. 10/- per share. Each holder of equity share is entitled to one vote per share. In the event of liquidation of the company, the holders of equity shares will be entitled to receive remaining assets of the Company after distribution of all preferential amounts, in proportion to their shareholding.
D. Out of the above Shares
1 With regards to 8,61,918 equity shares (As at 31 st March, 2025 : 8,61,918 shares) held by Late Hemendra Prasad Barooah, proceedings are pending before the Courts.
2 Out of 3,16,200 equity shares (As at 31st March, 2025 : 3,16,200 shares) shown in the name of Mrs. Sharmila Shetty, proceedings are pending before Courts in respect of 2,21,230 equity shares (As at 31st March, 2025 : 2,21,230 shares).
3 With regards to 2,42,430 equity shares (As at 31st March, 2025 : 2,42,430 shares) held by Mr. Somnath Chatterjee, proceedings pending before the Courts have been dismissed vide order dated 22nd August, 2025. There is no reported appeal filed against the Order as on date.
Nature & Purpose of Reserves
Capital Reserve: Represents excess of net assets taken during amalgamation over the cost of consideration paid.
Securities Premium: Represents the premium on issue of shares and can be utilised in accordance with the provisions of Companies Act, 2013.
General Reserve : Created by way of appropriation from one component of equity (generally Retained Earnings) to another, not being an item of Other Comprehensive Income. The same can be utilised by the Company in accordance with the provisions of the Companies Act, 2013.
Retained Earnings : Represents cumulative profits of the Company. The same can be utilised by the Company in accordance with the provisions of the Companies Act, 2013.
Remeasurements of defined benefit obligations: Represents cumulative effect of unrealised gains / (losses) arising on actuarial valuation of gratuity liability. The same can be utilised by the Company in accordance with the provisions of the Companies Act, 2013.
FVTOCI Reserve : Fair Value Through Other Comprehensive Income (FVTOCI) Reserve represents cumulative gains / losses arising on the revaluation of Equity Instruments measured at fair value through Other Comprehensive Income, net of amounts reclassified, if any, to Retained Earnings when those instruments are disposed off.
Note 19 : Non-Current Borrowings*
Initial recognition and measurement
Financial liabilities are classified, at initial recognition, as financial liabilities at fair value through profit or loss, loans and borrowings, payables, or as derivatives designated as hedging instruments in an effective hedge, as appropriate
All financial liabilities are recognised initially at fair value and, in the case of loans and borrowings and payables, net of directly attributable transaction costs.
The Company’s financial liabilities include trade and other payables, loans and borrowings including bank overdrafts, financial guarantee contracts and derivative financial instruments.
Subsequent measurement
The measurement of financial liabilities depends on their classification, as described below:
(i) Loans and borrowings
After initial recognition, interest-bearing loans and borrowings are subsequently measured at amortised cost using the Effective Interest Rate (EIR) method.
Gains and losses are recognised in profit or loss when the liabilities are derecognised as well as through the EIR amortisation process.
Amortised cost is calculated by taking into account any discount or premium on acquisition and fees or costs that are an integral part of the EIR. The EIR amortisation is included as finance costs in the Statement of Profit and Loss.
(ii) Derecognition
A financial liability is derecognised when the obligation under the liability is discharged or cancelled or expires. When an existing financial liability is replaced by another from the same lender on substantially different terms, or the terms of an existing liability are substantially modified, such an exchange or modification is treated as the derecognition of the original liability and the recognition of a new liability. The difference in the respective carrying amounts is recognised in the Statement of Profit or Loss.
Note 21 : Non-Current Provisions Accounting Policy:
A provision is recognized when an enterprise -
a. has a present obligation (legal or constructive) as a result of past event;
b. it is probable that an outflow of resources embodying economic benefits will be required to settle the obligation and;
c. a reliable estimate can be made of the amount of the obligation.
Provisions are measured at the present value of management’s best estimate of the expenditure required to settle the present obligation at the end of the reporting period. If the effect of time value of money is material, provisions are discounted to reflect its present value using a current pre-tax rate that reflects the current market assessments of time value of money and the risks specific to the obligation.
Note 22 : Deferred Tax Accounting Policy :
Deferred tax is recognised on differences between the carrying amounts of assets and liabilities in the balance sheet and the corresponding tax bases used in the computation of taxable profit.
Deferred tax liabilities are generally recognised for all taxable temporary differences.
Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible temporary differences can be utilised. The carrying amount of deferred tax assets is reviewed at each balance sheet date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Unrecognized deferred tax assets are reassessed at each reporting date and recognised to the extent that it has become probable that future taxable profits will be available against which they can be used.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the year when the asset is realised or the liability is settled, based on tax rates (and tax laws) that have been enacted or substantively enacted at the balance sheet date. The measurement of deferred tax liabilities and assets reflects the tax consequences that would follow from the manner in which the Company expects, at the reporting date, to recover or settle the carrying amount of its assets and liabilities.
Deferred tax assets and liabilities are offset when there is a legally enforceable right to set off current tax assets against current tax liabilities and when they relate to income taxes levied by the same taxation authority and the Company intends to settle its current tax assets and liabilities on a net basis.
Government grants are recognised at their fair value where there is reasonable assurance that the grant will be received, and the Company will comply with the conditions attached.
Government grants relating to income are deferred and recognised in the profit or loss over the period necessary to match them with the cost that they are intended to compensate, and presented within other operating income.
Government grants relating to the acquisition or construction of Property, plant and equipment are included in the Balance Sheet as deferred income and recognised as income in the Statement of Profit and Loss over the useful life of the related item of Property, plant and equipment and presented within other non-operating income.
Revenue & Income Recognition
Revenue from contracts with customers is recognised when control of the goods or services are transferred to the customer at an amount that reflects the consideration to which the Company expects to be entitled in exchange for those goods or services. The Company has generally concluded that it is the principal in its revenue arrangements, because it typically controls the goods or services before transferring them to the customer. Revenue is measured at the amount of transaction price, net of returns, discounts, volume rebates and outgoing goods and service tax. The specific recognition criteria described below must also be met before revenue is recognised.
(i) Sale of Goods :
Revenue from sale of goods is recognised when
- all the significant risks and rewards of ownership in the goods are transferred to the buyer,
- there is no continuing managerial involvement with the goods,
- the amount of revenue can be measured reliably and
- it is probable that future economic benefits will flow to the Company.
(ii) Interest Income :
Interest income is recognized on a time proportion basis taking into account the amount outstanding using the effective interest rate method.
(iii) Dividend Income :
Dividend income is recognised only when the right to receive dividend is established, which is generally when shareholders approve the dividend.
(ii) Post-employment Benefits :
The Company operates both defined contribution as well as defined benefit plans for its employees. Contributions to defined contribution plans, including provident fund, are recognised as an expense in the Statement of Profit and Loss in the period in which the employees render the related services.
The Company’s gratuity obligation, other than in respect of employees covered under the Assam Gratuity Fund Scheme, constitutes a defined benefit plan. Under this plan, the cost of providing gratuity benefits is determined by an independent actuary using the Projected Unit Credit Method. Re-measurements comprising actuarial gains and losses are recognised immediately in Other Comprehensive Income and are not reclassified to the Statement of Profit and Loss in subsequent periods. Service cost and net interest cost on the net defined benefit liability are recognised in the Statement of Profit and Loss. The Company’s plantation workers engaged in Assam are covered under the Assam Gratuity Fund Scheme notified by the Government of Assam under the Assam Gratuity Act, 1992. Accordingly gratuity benefits in respect of such employees are administered under the said scheme.
Note 34 : Finance Cost Accounting Policy:
Borrowing Costs :
Borrowing costs directly attributable to the acquisition, construction or production that necessarily takes a substantial period of time to get ready for its intended use are capitalized as part of the cost of the asset. All other borrowing costs are expensed in the period in which they incurred. Borrowing costs consists of interest and other costs that an entity incurs in connection with the borrowing of funds. Other borrowing costs are recognized as an expense in the period in which they are incurred.
The gratuity disclosures, for the previous year including the reconciliation of the present value of defined benefit obligation, fair value of plan assets, net defined benefit liability/(asset) recognised in the Balance Sheet and related disclosures, have been regrouped and restated to ensure comparability with the current year figures. The current year's disclosures relate only to employees not covered under the Assam Gratuity Fund Scheme notified under the Assam Gratuity Act, 1992. Consequently, the net defined benefit liability disclosed in the Balance Sheet as at 31 March 2025 has been regrouped from Rs. 493.81 lakhs to Rs. 191.66 lakhs. The resultant difference of Rs. 302.15 lakhs, relating to employees covered under the aforesaid Scheme, has been recognised separately as a liability payable to the Assam Tea Employees Provident Fund Organisation.
Significant actuarial assumptions for the determination of the defined benefit obligation are discount rate, expected salary increase, attrition and mortality. The sensitivity analysis above has been determined based on reasonably possible changes of the assumptions occurring at the end of the reporting period, while holding all other assumptions constant. The sensitivity analysis presented above may not be representative of the actual change in the defined benefit obligation as it is unlikely that the change in assumptions would occur in isolation of one another as some of the assumptions may be correlated. There is no change in the method of valuation for the prior period. For change in assumptions refer to Table 6 above.
T During the year, Barooahs & Associates Pvt. Ltd. acquired the remaining 50% share in the profits and losses of Borting Tea Company, a partnership firm, with effect from 28 November 2025. Consequently, contract/agreement/transactions entered into with Borting Tea Company prior to the acquisition date have been considered as transactions with Barooahs & Associates Pvt. Ltd. for the purpose of related party disclosures.
T During the previous year, pursuant to the merger of Hacienda Properties Pvt. Ltd., Kaziranga Golf Club Pvt. Ltd. and Heritage North East Pvt. Ltd. with Barooahs & Associates Pvt. Ltd., with effect from 1 April 2022, as approved by the Regional Director (NER) vide Order No. F. No. 01 /233/2024/280 dated 18 September 2024, transactions with these entities were merged with those entered into with Barooahs & Associates Pvt. Ltd.
Terms and Conditions of transaction with related parties
The Company enters into transactions with related parties in the ordinary course of business. Such transactions are undertaken on terms and conditions comparable to those prevailing in arm's length transactions. Necessary approvals, wherever applicable, have been obtained in accordance with Section 188 of the Companies Act, 2013. Outstanding balances at the year-end are unsecured and are expected to be settled in cash. No provision for expected credit losses has been recognised in respect of outstanding balances with related parties, and no expense has been recognised during the year in respect of bad or doubtful debts due from related parties.
Note 43 : Terms & Conditions of Term Loan, Working Capital Loan & Vehicle Loan Term Loans from Punjab National Bank Term Loan I:
The Company has been sanctioned Term Loan I of Rs. 1,722.00 Lakhs from Punjab National Bank for the purpose of acquisition of Moheema Tea Estate and closing balance as on March 31,2026 is Rs. 1,596.71 lakhs.
The above facility is primarily secured by:
i) Exclusive charge on the entire fixed and movable assets of the Company's Moheema Tea Estate located at Golaghat Assam both present and future.
The above facility is also secured by way of Collateral Security upon:
ii) Exclusive charge on the Company's immovable property admeasuring 9 Cottaha 10 Chittacks 43 sqft more or less with G 3 stories building standing thereon lying and situated at and being Municipal Premises No. 2C Hasting Park Road, Police Station - Alipore, Kolkata - 700027 within the limits of Ward No. 74 of KMC, Sub-Registry Office at Alipore, District 24 Parganas (South).
The above facility is further secured by a personal guarantee of Mr. Somnath Chatterjee, Managing Director.
The Rate of Interest for Term Loan sanctioned by Punjab National Bank is 7.75% p.a. ,i.e., RLLR (8.25%) (Repo- 5.50% Markup BSP: 2.75%) i.e. 8.25% - 0.50% i.e. 7.75% p.a.
The terms of Repayment are:
In F.Y. 2026-27 - Rs. 145.00 lakhs, in F.Y. 2027-28 - Rs. 165.00 lakhs, in F.Y. 2028-29 - Rs. 195.00 lakhs, in F.Y. 2029-30 - Rs. 245.00 lakhs, in F.Y. 2030-31 - Rs. 265.00 lakhs, in F.Y. 2031 -32 - Rs. 285.00 lakhs and in F.Y. 2032-33 - Rs. 296.71 lakhs
Term Loan II:
The Company has been sanctioned Term Loan II of Rs. 474.00 Lakhs from Punjab National Bank for the purpose of:
i) Procurement of Plant & Machineries, Garden Fencing Equipment, Vehicles & development of Irrigation system and Civil Construction;
ii) Uprooting & Replantation of 7.94 hectare of land under Section No. 3 in Moheema Tea Estate, 10 hectare of land under Section No. 14(P) in Gatoonga Tea Estate, 12 hectare of land under Section No. 7,3,2 in Sangsua Tea Estate and infilling of 4 hectare of land under Section No. 13, 22, 11A & 7A in Salkathoni Tea.
A total of Rs. 382.39 lakhs has been disbursed as of 31st March, 2026.
ii) Hypothecation of Plant & Machineries, Vehicles, Other Equipment and Fixed Assets procured out of the fresh Term Loan II.
i) Exclusive charge on entire fixed and movable assets of the Company's 8 Tea Estates located at Sibsagar District & Golaghat District, Assam.
The Rate of Interest for Term Loan sanctioned by Punjab National Bank is 7.85% p.a. ,i.e., RLLR (8.35%) (Repo- 5.50% Markup BSP: 2.85%) i.e. 8.35% - 0.50% i.e. 7.85% p.a.
The loan is repayable after a moratorium period of 15 months and the terms of Repayment are:
In F.Y. 2026-27 - Rs. 51.00 lakhs, in F.Y. 2027-28 - Rs. 68.00 lakhs, in F.Y. 2028-29 - Rs. 68.00 lakhs, in F.Y. 2029-30 - Rs. 68.00 lakhs, in F.Y. 2030-31 - Rs. 68.00 lakhs and in F.Y. 2031-32 - Rs. 59.39 lakhs based on current disbursement.
Working Capital Loan from Punjab National Bank:*
The Company has availed Working Capital facility of Rs.5,600.00 Lakhs from Punjab National Bank. The above facility is primarily secured by:
i) Hypothecation of tea crop, made tea, prompt & receivables and other current assets of the Company both present & future (Exclusive Charge).
i) Exclusive charge on the Company’s immovable property admeasuring 9 Cottaha 10 Chittacks 43 sqft more or less with G 3 stories building standing thereon lying and situated at and being Municipal Premises No. 2C Hasting Park Road, Police Station - Alipore, Kolkata - 700027 within the limits of Ward No. 74 of KMC, Sub-Registry Office at Alipore, District 24 Parganas (South).
The loan is repayable on demand and the account will be renewed annually *In respect of the above facility, the company is required to submit
- Monthly Progress Report on Production, Despatch, Sales and Closing Stock (in Kilograms) as per Standard proforma every month.
- Fortnightly Crop Reports as per Standard proforma.
- Monthly statement of Utilization of Funds as per proforma already available with the Company.
Vehicle Loan from Punjab National Bank:
The Company has financed the purchase of three vehicles through vehicle loans obtained from Punjab National Bank. The loans are secured by hypothecation of the respective vehicles financed and are repayable in 60 equal monthly instalments of Rs.0.20 lakhs each from the date of disbursement, inclusive of the interest component.
In F.Y. 2026-27 - Rs. 5.66 lakhs, in F.Y. 2027-28 - Rs. 6.25 lakhs, in F.Y. 2028-29 - Rs. 6.79 lakhs and in F.Y. 2029-30 - Rs. 2.69 lakhs.
Fair Value Hierarchy for Financial Instruments
The fair value of financial instruments as mentioned above has been classified into three categories depending on the inputs used in the valuation technique. The hierarchy gives the highest priority to quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and lowest priority to unobservable inputs (Level 3 measurements). The categories used are as follows :-
Level 1: Level 1 hierarchy includes financial instruments measured using quoted prices. This includes listed equity instruments, traded bonds and mutual funds that have quoted price. The fair value of all equity instruments (including bonds) which are traded in the stock exchanges is valued using the closing price as at the reporting period.
Level 2: The fair value of financial instruments that are not traded in an active market (for example, traded bonds, over-the counter derivatives) is determined using valuation techniques which maximize the use of observable market data and rely as little as possible on entity-specific estimates. If all significant inputs required to fair value an instrument are observable, the instrument is included in level 2.
Level 3: If one or more of the significant inputs is not based on observable market data, the instrument is included in level 3.
There are no transfers between Level 1 and Level 2 during the year.
The fair values of financial assets (other than those measured at fair value through Other Comprehensive Income) and financial liabilities are considered to be equal to the carrying amounts of these items.
There has been no change in the valuation methodology for Level 3 inputs during the year. The following table presents the fair value hierarchy of financial assets and liabilities measured at fair value on a recurring basis:-
For investments in unquoted equity instruments book value per share, as calculated from the latest available financial statements of such unlisted companies, is considered as fair value of such investments. Discounted Cash Flow technique has not been used since a reliable forecast of cash flow of such companies could not be arrived at.
The Company’s principal financial liabilities comprise of borrowings, trade payables and other financial liabilities. The main purpose of these financial liabilities is to finance the Company’s operations. The Company’s principal financial assets include loans, trade receivables and cash & bank balances.
The Company’s activities expose it to a variety of risks, including market risk, credit risk and liquidity risk. The Company focuses on a system-based approach to mitigate all such risks. Its financial risk management process seeks to enable the timely identification, evaluation and effective management of key risk areas facing the business
Market Risk
Interest Rate Risk
Interest rate risk is the risk that the fair value of future cash flows from a financial instrument will fluctuate because of changes in market interest rates.
Credit Risk
Credit risk is the risk of financial loss arising from default / failure by the counterparty to meet financial obligations as per the terms of contract. The Company is exposed to credit risk for trade receivables and loans. None of the financial instruments of the Company result in material concentration of credit risks. Credit risk on receivables is minimum since sales through different modes (e.g. auction sales, private sales) are made after judging the credit worthiness of the customers or receiving advance payment. The history of defaults has been minimal and outstanding trade receivables are monitored on a regular basis. For credit risk on the loans to various parties, including its subsidiary, the Company does not expect any material risk on account of non-performance by any of the parties.
Liquidity Risk
Liquidity risk refers to the risk that the Company may fail to honour its financial obligations in accordance with terms of contract. To mitigate such liquidity risk the Company maintains sufficient balance of cash and cash equivalents together with availability of funds through an adequate amount of committed credit facilities to meet its obligations when due. The table below provides the details regarding the remaining contractual maturities of significant financial liabilities as on the reporting date:-
Agricultural Risk
The Company is mainly engaged in the business of cultivation and manufacturing of tea. Cultivation of tea being an agricultural activity, there are certain specific financial risks. These financial risks arise mainly due to adverse weather conditions and logistic problems inherent to remote areas. The Company manages the above financial risks in the following manner:-
• Sufficient inventory levels of agro chemicals, fertilizers and other inputs are maintained so that timely corrective action can be taken in case of adverse weather conditions.
• Slightly higher level of consumable stores viz. packing materials and HSD are maintained in order to mitigate financial risk arising from logistic problems.
• Sufficient working capital facility is obtained from banks in such a way that cultivation, manufacture and sale of made tea is not adversely affected even in times of adverse conditions
For the purpose of the Company’s capital management, capital includes issued equity capital, share premium and all other equity reserves. The primary objective of the Company is to maximise shareholders’ value.
The Company manages its capital structure and makes adjustments in the light of the changes in economic conditions and the requirements of the financial covenants. To maintain or adjust the capital structure, the Company may adjust the dividend payment to shareholders, return capital to shareholders or issue new shares.
In order to achieve the overall objective as elicited above, the Company’s capital management among other things, aims to ensure that it meets the financial covenants attached to interest bearing loans and borrowings that define the capital structure requirements. There have been no breaches in the financial covenants of any interest bearing loans and borrowings in the reported periods.
The Company has only one business segment; that of manufacturing and selling of black tea. Segment information has been provided in the consolidated financial statements which are presented in the same financial report in accordance with Ind AS 108, Operating Segments.
Note 49 : Details of Replanting & Replacement
During the year ended 31st March, 2026 Rs. 482.70 lakhs has been incurred on account of Replanting & Replacement of tea bushes (during the year ended 31st March, 2025 Rs. 159.62 lakhs).
Note 50 : Loans, Advances, Trade & Other Receivables
No loans, advances, trade or other receivables were due from directors or other officers of the company either severally or jointly with any other person, except as has been disclosed. Nor were any loans, advances, trade or other receivables due from firms or private companies respectively in which any director is a partner, a director or a member, except as has been disclosed. Regrouping in Cashflow Statement was made
Note 51 : Previous year/period figures have been regrouped/rearranged, wherever considered necessary to confirm to current year's classification as below:-
During the year ended 31 March 2026, certain comparative figures of the previous year have been regrouped to confirm to the current year's presentation. This relates to the regrouping of fixed deposits (including unpaid dividend deposits and related accrued interest), employee-related balances, gratuity obligations related to employees covered under the Assam Gratuity Fund Scheme and certain regrouping in the previous year's Cash Flow Statement. Due to the above regroupings, the Total Assets and Total Equity & Liabilities for the previous year have increased by Rs. 177.33 Lakhs.
Note 52 : Details of Corporate Social Responsibility Expenditure
The amount required to be spent under Section 135 of the Companies Act, 2013 for the year ended 31st March, 2026 is Rs 2.30 lakhs i.e. 2% of average net profits for last three financial years, calculated as per Section 198 of the Companies Act, 2013. Expenditure incurred on Corporate Social Responsibility activities, included in other Expenses in the Statement of Profit and Loss is Rs. 2.30 lakhs.
Note 55 : Code on Social Security, 2020 and the Occupational Safety, Health and Working Conditions Code, 2020 (“Labour Code”)
The Government of India has notified the Code of Wages, 2019, the Industrial Relations Code, 2020, the Code on Social Security, 2020 and the Occupational Safety, Health and Working Conditions Code, 2020 (“Labour Code”) with effect from 21st November, 2025 which consolidates 29 existing labour laws. The labour codes, amongst other things introduce changes including a uniform definition of wages. Final Rules are yet to be notified. In accordance with the guidance issued by the Institute of Chartered Accountants of India and based on actuarial valuation, the Company has assessed and accounted for these changes under “Employee Benefit Expenses” in the Statement of Profit and Loss for the year ended 31st March, 2026 amounting to Rs 1.19 Lakhs towards additional gratuity as past service cost. This impact is due to revised definition of wages under Labour Codes. The Company continues to monitor the developments relating to the Implementation of the Labour Codes and will review the estimates as further clarifications and Rules are notified.
57 No proceeding has been initiated or pending against the Company for holding any benami property under the Benami Transactions (Prohibition) Act, 1988 (45 of 1988) and rules made thereunder during the year ending 31st March, 2026 and also for the year ending 31st March, 2025.
58 The Company does not have any transactions with Companies struck off under Section 248 of the Companies Act, 2013 or section 560 of the Companies Act, 1956 during the year ending 31st March, 2026 and also for year ending 31st March, 2025.
59 The Company has not been declared wilful defaulter by any bank, financial institution or any other entity.
60 There are no charges or satisfaction yet to be registered with ROC beyond the statutory period, for the current year and the previous year
61 The Group does not have any Core Investment Company in the group.
62 The Company has complied with number of layers as prescribed under clause 87 of section 2 of the Companies Act, 2013 read with Companies Rules, 2017.
63 The Company does not have any such transaction which is not recorded in the books of accounts that has been surrendered or disclosed as income during the current period in the tax assessments under the Income Tax Act, 1961 (such as, search or survey or any other relevant provisions of the Income Tax Act, 1961).
64 The Company has not traded or invested in Crypto currency or Virtual Currency during the current year.
65 Utilisation Of Borrowed Funds and Share Premium
A) The Company has not advanced, loaned or invested funds (either borrowed funds or share premium or any other sources or kind of funds) to any other person(s) or entity(ies) including foreign entities (Intermediaries) with the understanding (whether recorded in writing or otherwise) that the Intermediary shall-
i) directly or indirectly lend or invest in other persons or entities identified in any manner whatsoever by or on behalf of the Company (Ultimate Beneficiaries)
ii) provide any guarantee or security or the like to or on behalf of the Ultimate Beneficiaries.
So, required disclosure with respect to the above is not applicable.
B) The Company has not received any fund from any person(s) or entity(ies) including foreign entities (Funding Party) with the understanding (whether recorded in writing or otherwise) that the Company shall-
i) directly or indirectly lend or invest in other persons or entities identified in any manner whatsoever by or on behalf of the Funding Party (Ultimate Beneficiaries)
ii) provide any guarantee or security or the like on behalf of the Ultimate Beneficiaries.
66 The company has not granted any loans or advances in the nature of loans either repayable on demand or without specifying any terms or period of repayment during the year ended 31st March 2026 and also for the year ended 31st March, 2025.
67 The Company has not taken any funds from any entity or person on account of or to meet the obligations of its subsidiaries, associates or joint ventures.