h Provisions, Contingent liabilities and Contingent assets
A provision is recognised when the Company has a present obligation as a result of past event and it is probable that anoutflow of resources will be required to settle the obligation, in respect of which reliable estimate can be made. Provisions(excluding retirement benefits and compensated absences) are not discounted to its present value and are determinedbased on best estimate required to settle the obligation at the balance sheet date. These are reviewed at each balance sheetdate and adjusted to reflect the current best estimates. Contingent liabilities are not recognised in the financial statements.A contingent asset is neither recognised nor disclosed in the financial statements.
i Cash and cash equivalents
The Company considers all highly liquid financial instruments, which are readily convertible into known amount of cashthat are subject to an insignificant risk of change in value and having original maturities of three months or less from thedate of purchase, to be cash equivalents.
For SCARNOSE INTERNATIONAL LIMITED For K M Chauhan & Associates
Managing Director , DIN - 09621935
CA Kishorsinh M ChauhanPartnerM. No-118326
Maharshi Jigar Pandya UDIN - 25118326BMITTL4067
Director , DIN - 09621936 Place: Rajkot
Date : 23/05/2025
ASHVINBHAI GOPALBHAI DONGA HELI JITENDRABHAI MODI
CFO , PAN - AMBPD1129N Company Secretary , ACS NO : A73653