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NOTES TO ACCOUNTS

ACE Engitech Ltd.
You can view the entire text of Notes to accounts of the company for the latest year
Market Cap. (₹) 15.72 Cr. P/BV -8.35 Book Value (₹) -21.91
52 Week High/Low (₹) 301/16 FV/ML 10/1 P/E(X) 0.00
Bookclosure 28/09/2024 EPS (₹) 0.00 Div Yield (%) 0.00
Year End :2024-03 

Nature and purpose of other reserves:

(a) Securities premium reserve

Capital reserve is created out of profit or gains of a capital nature. The capital reserve is available for in accordance with the provision of the Companies Act, 2013.

(b) Retained earnings

The reserve represented undistributed accumulated earnings of the company as on the balance sheet date (b) Capital Reserve

Capital reserve is created out of profit or gains of a capital nature. The capital reserve is available for utilisation against capital

BACKGROUND & LEGAL FRAMEWORK:

Risk Management is a key aspect of the “Corporate Governance Principles and Code of Ethics” which aims to improvise the governance practices across the Company's activities. The management of Company have to base their business decisions on a dynamic and integrated risk management system and process, driven by corporate strategy. Companies are exposed to several major risks in the course of their business- credit risk, interest rate risk, equity price risk, liquidity risk and operational risk. It is therefore important that companies should introduce effective risk management policy that addresses the issues relating to various business risks Risk management policy and processes will enable the Company to proactively manage uncertainty and changes in the internal and external environment to limit negative impacts and capitalize on opportunities.

OBJECTIVE & PURPOSE OF POLICY:

The main objective of this policy is to ensure sustainable business growth with stability and to promote a pro-active approach in reporting, evaluating and resolving risks associated with the

business. In order to achieve the key objective, the policy establishes a structured and disciplined approach to Risk Management, in order to guide decisions on risk related issues.

The specific objectives of the Risk Management Policy are:

1. To ensure that all the current and future material risk exposures of the company are identified, assessed, quantified, appropriately mitigated, minimized and managed i.e to ensure adequate systems for risk management.

2. To establish a framework for the company's risk management process and to ensure its implementation.

3. To enable compliance with appropriate regulations, wherever applicable, through the adoption of best practices.

4. To assure business growth with financial stability.

(i) No Tax liability will arise during FY 2023-24 since there are carry forward losses of previous years

(ii) Company has not created deffered tax on temporary difference as the company does not expect flow of profits in the near future in order to offset the deffered tax .

(iii) There is no associates or joint venture company of this company.

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