Disputed liabilities and claims against the company including claims raised by fiscal authorities (e.g. Sales Tax, Income Tax Exciseetc.) pending in appeal / court for which no reliable estimate can be made and or involves uncertainty of the outcome of theamount of the obligation or which are remotely poised for crystallization are not provided for in accounts but disclosed in notes toaccounts.
However, present obligation as a result of past event with possibility of outflow of resources, when reliable estimation can bemade of the amount of obligation, is recognized in accounts in terms of discounted value, if the time value of money is materialusing a current pre-tax rate that reflects the risk specific to the liability.
No contingent asset is recognized but disclosed by way of notes to accounts.
Impairment loss is recognised when the carrying amount of an asset exceeds its recoverable amount/Value in use.
Recoverable amount is determined:
a. In the case of an individual asset, a higher of the net selling price and the value in use;
b. In the case of a cash generating unit (a group of assets that generates identified, independent cash flows), at higher ofthe cash generating unit's selling price and the value in use.
Value in use is determined as the present value of estimated future cash flows from the continuing use of an asset and from itsdisposal at the end of its useful life.
Cash flow statement has been prepared under the indirect method as set out in the Indian Accounting Standard 7: "Statement ofCash Flows" as specified in Section 133 of the Companies Act, 2013.
For Rao and Emmar.
Chartered AccountantsFRN: 003084S
S B Subhash Executive Chairman Managing Director & CEO
Partner
Membership No. 212948 DIN: 00902887 DIN: 05240807
Director Company Secretary Chief financial Officer
th DIN: 01419591 M No. 35855 AN: AZZPS1377G
Date:8th May 2025
Bengaluru