13.2 No equity shares have been reserved for issue under options and contracts/ commitments for the sale of shares/ disinvestment as at the Balance Sheet date.

13.3 No equity shares have been bought back by the Company during the period of 5 years preceding the date as at which the Balance Sheet is prepared.

13.4 No securities convertible into equity shares have been issued by the Company during the year.

13.5 No calls are unpaid by any Director or Officer of the Company during the year.

Nature/ Purpose of each reserve

a) Securities Premium: The amount received in excess of face value of the equity shares is recognised in Securities Premium Reserve. This reserve is utilised in accordance with the provisions of the Companies Act 2013.

b) General Reserve: The reserve arises on transfer portion of the net profit to general reserve

c) Retained Earning: Generally represents the undistributed profit/amount of accumulated earnings of the company.

d) “Other Comprehensive Income (OCI) : Other Comprehensive Income (OCI) represents the balance in equity for items to be accounted under OCI and comprises of the following:

i) Equity Instruments through OCI: The Company has elected to recognise changes in the fair value of certain investment in equity instrument in other comprehensive income.

ii) Remeasurement of defined benefit obligations: The actuarial gains and losses arising on defined benefit obligations have been recognised in OCI. The amount is subsequently transferred to retained earnings as per the Schedule III requirement.

Segment Reporting

Operating segments are defined as components of an enterprise for which discrete financial information is available that is evaluated regularly by the Chief Operating Decision Maker, in deciding

33.2 cash and cash equivalents, trade receivables,

Tad eiianageme i ct'cunnti dborr^twatiiseccaTeniti goans

33.3 amounts of Financial assets and Financial

iNoni curr ^mn^oWow^gsHhas | Ible'eln^cc/ritract’f^d' at^cost

33.4 floating rates of interest, which are reset at short intervals Fair value of floating interest rate

34 Financial Risk Management

Financial management ot the Company has been receiving attention of the top management of the Company. The management considers finance as the lifeline of the business and therefore, financial management is carried out meticulously on the

34.1 Credit Risk

The credit risk is the risk of financial loss arising from counter party failing to discharge an obligation. The credit risk is controlled by analysing

34.2 Liquidity Risk

The Company determines its liquidity requirement

in the short, medium and long term. This is done The Company manage its liquidity risk in a manner

so as to meet its normal financial obligations without any significant delay or stress. Such risk is managed through ensuring operational cash flow

Maturity analysi s for financial liabilities

The following are the remaining contractual

-Note: i ne amounts are gross ana undiscounted,-

and include contractual interest payments and exclude the impact of netting agreements (if any).

The interest payments on variable interest rate loans in the tables above reflect market forward interest rates at the respective reporting dates and

34.3 Market Risk

Market risk is the risk that the fair value or future cash flows of a financial instrument will fluctuate because of changes in market prices. Market risk Foreign Exchange Risk Foreign Exchange Risk is the exposure of the Company to the potential impact of the movement

in foreign exchange rate The Company does not

Interest Rate Risk

Interest rate risk is the risk that the fair value or future cash flows of a financial instrument will fluctuate because of changes in market rates. The comoanv’s exoosure to the risk of chanaes in The Company is also exposed to interest rate risk on surplus funds parked in loans. To manage such

35 Capital Management

The Company objective to manage its capital is to ensure continuity of business while at the same time provide reasonable returns to its various stakeholders but keep associated costs under control. In order to achieve this, requirement of