Notes to Accounts of Abans Enterprises Ltd.

Mar 31, 2025

A. Rights, Preferences and Restrictions of share holder

The company has only single class of equity shares. Each shareholder is eligible for one vote per share. one class of equity share have been issued having a par value of ''2/- each (CY) and '' 10/- each (PY). On October 15, 2024, the Company effected a stock split of its equity shares. The face value of each equity share was reduced from Rs 10 to Rs 2, resulting in a 5-for-1 stock split. Consequently, the number of outstanding equity shares increased from 1,39,49,776 to 6,97,48,880.

This stock split has no impact on the Company''s total share capital amount.

The company declares and pays dividend if any, in Indian Rupee. The dividend proposed if any, by the board of Directors is subject to the approval of the share holders at the ensuing Annual General meeting except in case of interim dividend. In the event of liquidation of the company, the holder of equity shares will be entitled to receive any of remaining assets of the company after distribution of preferential amount. The distribution will be in proportion to the number of equity shares held by the share holders.

13.1 Nature and purpose of reserves

1. Retained earnings represents the surplus/ (deficit) in profit and Loss account and appropriations. It is available for distribution to shareholders.

2. Other comprehensive income consist of remeasurement gains / losses on defined benefits plans.

3. The Company has introduced Abans Enterprises Limited Employees Stock Option Scheme, 2025 (“ AEL ESOS 2025") to offer and grant options not exceeding 69,74,888 convertible into equivalent number of equity shares of face value of '' 2 each of the Company. All present and future permanent employees of the Company or its Holding Company or any existing and future subsidiary(ies) of the Company, working within India and / or such other persons

including their respective directors, whether whole-time or not (except Independent Directors, Promoters or person belonging to Promoter Group and Directors who directly or indirectly holds more than 10% of the outstanding equity shares of the Company), are eligible to participate in the AEL ESOS 2025 and as may be selected by the Board on the basis of criteria prescribed in the Scheme in one or more tranches, at such price and on such terms and conditions as may be fixed or determined by the Nomination Remuneration and Compensation Committee. Each option entitles the holder to apply for one equity share of the Company, subject to the terms of the scheme. The Company through a special resolution in a general meeting, may modify the terms of AEL ESOS 2025 in relation to options not yet granted, provided such modifications are not detrimental to the interests of the option holders. The Company has however not yet granted any options to any employee during the year

The Company has availed working capital facilities and term loan from banks on following Terms and Conditions;

1. Secured by

a. Pledge of warehouse receipts / storage receipts of commodities issued by Collateral Manager acceptable to the bank with Lien noted in favor of the Bank, Pledge of DWRs / Commodity Demat Credit in favor of the Bank.

b. Two Undated Cheque for the entire facility are issued in the favor of Bank.

c. Personal Guarantee from esrtwhile Director Mr. Abhishek Bansal.

2. Interest rate varies from 9.00% to 10.00%.

3. Unsecured Loans are due within a period of twelve months with interest rate of 11%.

4. FD under lien amounting to '' 442.55 lakhs (P.Y. '' 402.59 lakhs) given to Bank for availing OD Limit (Outstanding CY & PY- Nil).

On October 15, 2024, the Company effected a stock split of its equity shares. The face value of each equity share was reduced from Rs 10 to Rs 2, resulting in a 5-for-1 stock split. Consequently, the number of outstanding equity shares increased from 1,39,49,776 to 6,97,48,880.

This stock split has no impact on the Company''s total share capital amount.

The Earnings Per Share (EPS) reported in these financial statements for PY is calculated based on the face value of Rs 2/-

NOTE 31: CONTINGENT LIABILITIES AND COMMITMENTS (TO THE EXTENT NOT PROVIDED FOR):

There are no material pending contingent liabilities on account of litigations or commitments which the company believes could reasonably be expected to have a material adverse effect on the result of operations, cash flow or the financial position of the Company except Guarantee given by the Company as below

NOTE 31: CONTINGENT LIABILITIES AND COMMITMENTS (TO THE EXTENT NOT PROVIDED FOR): (CONTD..) Note on SEBI Show cause Notice

The Securities and Exchange Board of India has issued a Show Cause Notice dated August 29, 2023, to Abans Enterprises Ltd along with its promoter Mr. Abhishek Bansal and 6 other entities alleged to be connected to promoter group and who according to SEBI have made unlawful gains from trading in shares of Abans Enterprises Limited which also resulted in alleged violation of Minimum Public Shareholding (“MPS") norms. Without admitting or denying any wrongdoing, and to avoid any protracted litigation, the company along with promoter has filed an application for settlement under the SEBI (Settlement Proceedings) Regulations, 2018 where in the company has offered an amount of '' 15.18 Lakhs in respect of alleged violation of MPS norms and the promoter offering '' 103.01 Lakhs in respect of alleged violation of PFUTP and SAST regulation as against the amount arrived by SEBI at '' 4,108.53 Lakhs as notional profits., which is at the stage of consideration.

On a without prejudice basis, the company has sought cross - examination of witnesses and filed an application for adjudication of certain preliminary issues to be placed before the Ld. Whole Time Member before deciding on the settlement application which are also pending at this stage. In furtherance of the same, the company along with the promoter has also preferred a Writ Petition before the Hon''ble Bombay High Court seeking certain directions prior to any personal hearing conducted by SEBI. The writ petition however did not go through.

The company has filed an Appeal with the Securities Appellate Tribunal (SAT) to set aside the impugned orders whereby grave prejudice is caused to the company and its promoter, and to issue urgent directions upon the SEBI to provide the necessary information and documents and allow the cross examination of the investigating officer who prepared the investigation report on which the SEBI has placed reliance while issuing the SCN. Due to the delay in filing of rejoinder by SEBI the matter was adjourned and has now been posted for hearing on June 18, 2025.

The company has also filed a Special Leave Petition (SLP) in the Supreme court with regard to the conditions precedent imposed by the Internal Committee of the Settlement Division of SEBI with regard to the settlement application which was filed by the company. SEBI had in the last hearing sought permission for filing a counter affidavit which was rejected and now the matter has been posted for hearing on August 19, 2025.

The potential action contemplated against the company includes directions to be passed and / or imposition of penalty under the SEBI Act 1992, where, the estimated liability on Company cannot be ascertained or quantified pending the order from SEBI.

NOTE 32: PROPOSED MERGER WITH WHOLLY OWNED SUBSIDIARY

The Board of Directors of the Company at its meeting held on November 08, 2024 approved a Scheme of Amalgamation (“the Scheme") for the proposed merger of its wholly owned subsidiary, Abans Jewels Limited, with the Company, with an appointed date of April 1, 2024. The Scheme is subject to the approval of the Hon''ble National Company Law Tribunal (NCLT) and other statutory and regulatory authorities as may be required.

The merger has not been given effect in these standalone financial statements for the year ended March 31,2025, as the requisite approvals are pending as at the date of approval of these financial statements. Upon receipt of all necessary approvals, the merger will be accounted for in accordance with Ind AS 103, Business Combinations, using the pooling of interests method, as the transaction is a business combination under common control.

The impact of the proposed merger on the Company''s assets, liabilities, reserves, revenue and profit for the year, and related disclosures, will be reflected in the financial statements for the subsequent period(s) once the Scheme is effective and all approvals are obtained.

A. Gratuity (Defined Benefit Plan) i) General Description:

The Company provides for gratuity for employees in India as per the payment of Gratuity Act, 1972. Employees who are in continuous service for a period of 5 years are eligible for gratuity. The amount of gratuity payable on retirement/ termination is the employees last drawn basic salary per month computed proportionately for 15 days salary multiplied for the number of years of service. The company''s liability towards gratuity is determined on the basis of year end actuarial valuations applying the Projected Unit Credit Method (as per Ind AS 19) done by an independent actuary.

B. Compensated absence (long term employee benefits) i) General description:-

The company provides Privilege Leave to it''s employees in India. Privilege leave is computed on calendar year basis, however, any unavailed privilege leaves upto 45 days will be carried forward to the next calendar year. Privilege leave can only be encashed at the time of retirement / termination / resignation / withdrawal and is computed as no. of privilege leaves multiplied with applicable salary for leave encashment. The company''s liability towards privilege leaves is determined on the basis of year end actuarial valuations applying the Projected Unit Credit Method (as per Ind AS 19) done by an independent actuary.

C. Defined Contribution Plans

The Company also has certain defined contribution plans. Contributions payable by the Company to the concerned Government authorities in respect of Provident Fund and Employees State Insurance are charged to Statement of Profit and Loss. The obligation of the Company is limited to the amount contributed and it has no contractual or any constructive obligation. Amount recognized during the year as contribution in statement of Profit & Loss is '' 0.65 Lakhs and '' 1.22 Lakhs for the year ended March 31,2025 and March 31,2024 respectively.

NOTE 35: SEGMENT REPORTING

Segment reporting as per Ind-As 108 is not applicable as management has determined that the Company is involved in trading activity either in physical or on exchanges and operates under single chief operating decision maker.

B. Fair value Measurement

All assets and liabilities for which the fair value is measured or disclosed in the financial statements are categorised within the fair value hierarchy, described as follows, based on the lowest level input that is significant to the fair value measurement as a whole:

Level 1 - Inputs are quoted (unadjusted) market prices in active markets for identical assets or liabilities that the entity can access at themeasurement date.

Level 2 - Valuation techniques for which the lowest level input that is significant to the fair value measurement are (other than quoted prices) included within Level 1 that are observable for the asset or liability, either directly or indirectly.

Level 3 - Valuation techniques for which the lowest level input that is significant to the fair value measurement is unobservable.

Financial instruments measured at amortised cost:

The carrying value approximates fair value for long term financial assets and liabilities measured at amortised cost. There are no transfers during the year in level 1,2 and 3. The Company policy is to recognize transfers into and transfers out of fair value hierarchy level as at the end of reporting period.

C. Financial risk management Risk management framework

The Company''s board of directors has overall responsibility for the establishment and oversight of the Company''s risk management framework. The Company''s risk management policies are established to identify and analyse the risks faced by the Company, to set appropriate risk limits and controls and to monitor risks and adherence to limits. Risk management policies and systems are reviewed regularly to reflect changes in market conditions and the Company''s activities. The Company, through its training and management standards and procedures, aims to maintain a disciplined and constructive control environment in which all employees understand their roles and obligations.

The Company has exposure to the following risks arising from financial instruments:

1. Credit risk

2. Liquidity risk and

3. Market risk

1. Credit risk

Credit risk is the risk that a customer or counterparty to a financial instrument will fail to perform or pay amounts due to the Company causing financial loss. It arises from cash and cash equivalents, deposits with banks and financial institutions, security deposits, loans given and principally from credit exposures to customers relating to outstanding receivables. The Company''s maximum exposure to credit risk is limited to the carrying amount of financial assets recognised at reporting date. The Company continuously monitors defaults of customers and other counterparties, identified either individually or by the Company, and incorporates this information into its credit risk controls. Where available at reasonable cost, external credit ratings and/or reports on customers and other counterparties are obtained and used. The Company''s policy is to deal only with creditworthy counterparties.

In respect of trade and other receivables, the Company is not exposed to any significant credit risk exposure to any single counterparty or any company of counterparties having similar characteristics. Trade receivables consist of a large number of customers in various geographical areas. The Company has no history of customer default, and considers the credit quality of trade receivables that are not past due or impaired to be good. The credit risk for cash and cash equivalents, mutual funds, bank deposits, loans and derivative financial instruments is considered negligible, since the counterparties are reputable organisations with high quality external credit ratings. Company provides for expected credit losses on financial assets by assessing individual financial instruments for expectation of any credit losses. Since the assets have very low credit risk, and are for varied natures and purpose, there is no trend that the company can draws to apply consistently to entire population. For such financial assets, the Company''s policy is to provide for 12 month expected credit losses upon initial recognition and provides for lifetime expected credit losses upon significant increase in credit risk. The Company does not have any expected loss based impairment recognised on such assets considering their low credit risk nature, though incurred loss provisions, if any, are disclosed under each sub-category of such financial assets.

2. Liquidity risk

Liquidity Risk is defined as the risk that the Company will not be able to settle or meets its obligations on time at a reasonable price In addition; processes and policies related to such risks are overseen by senior management. Management monitors the Company''s net liquidity through rolling forecasts of expected cash flows.

Exposure to liquidity risk

The table below is an analysis of Company''s financial liabilities based on their remaining contractual maturities of financial liabilities at the reporting date.

3. Market risk

Changes in market prices which will affect the Company''s income or the value of its holdings of financial instruments is considered as market risk. It is attributable to all market risk sensitive financial instruments.

a. Currency risk

The Company is exposed to foreign exchange risk arising from foreign currency transactions, primarily with respect to the US Dollar. Foreign exchange risk arises from recognised assets and liabilities denominated in a currency that is not the Company''s functional currency.

Sensitivity analysis

A reasonably possible strengthening /weakening of the Indian Rupee against US dollars at March 31 would have affected the measurement of financial instruments denominated in US dollars and affects profit or loss by the amounts shown below. This analysis assumes that all other variables, in particular interest rates, remain constant and ignores any impact of forecast sales and purchases.

4. 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 interest rates. In order to optimize the Company''s position with regards to interest income and interest expenses and to manage the interest rate risk, treasury performs a comprehensive corporate interest rate risk management by balancing the proportion of fixed rate and floating rate financial instruments in its total portfolio.

NOTE 37: CAPITAL MANAGEMENT

The primary objective of the Group''s capital management is to maximize the shareholders'' interest, safeguard its ability to continue as a going concern and reduce its cost of capital. Company is focused on keeping strong total equity base to ensure independence, security as well as high financial flexibility for potential future borrowings required if any. Company''s capital for capital management includes long term debt and total equity. As at March 31, 2025 and March 31, 2024 total capital is Rs 2,454.62 Lakhs and Rs 2,064.77 Lakhs respectively. No changes were made in the objectives, policies or processes for managing capital during the year ended March 31,2025.

NOTE 40: CORPORATE SOCIAL RESPONSIBILITY

The Ministry of Corporate Affairs has notified section 135 of Companies Act, 2013 on Corporate Social Responsibility with effect from 1^st April, 2014. As on reporting date, provision of CSR are not applicable to the company.

NOTE 41: REGISTRATION OF CHARGES OR SATISFACTION WITH REGISTRAR OF COMPANIES (ROC)

No charges or satisfactions are yet to be registered with ROC beyond the statutory period.

NOTE 42: COMPLIANCE WITH NUMBER OF LAYERS OF COMPANIES

The Company has complied with the number of layers prescribed under clause (87) of section 2 of the Act read with Companies (Restriction on number of Layers) Rules, 2017 for the financial years ended March 31,2025 and March 31,2024.

NOTE 43: DETAILS OF CRYPTO CURRENCY OR VIRTUAL CURRENCY

The Company has not traded or invested in Crypto currency or Virtual currency during the financial years ended March 31, 2025 and March 31, 2024.

NOTE 44: DETAILS OF BENAMI PROPERTY HELD

No proceedings have 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 in the financial years ended March 31, 2025 and March 31,2024.

NOTE 45: WILLFUL DEFAULTER

The Company has not been declared as a willful defaulter by any bank or financial institution or other lender in the financial years ended March 31,2025 and March 31, 2024.

NOTE 46: UTILISATION OF BORROWED FUNDS AND SHARE PREMIUM

The Company has not advanced or loaned or invested funds (either from borrowed funds or share premium or any other sources or kind of funds) to any other persons or entities, including foreign entities (Intermediaries) with the understanding that the Intermediary shall:

(a) 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) or

(b) Provide any guarantee, security or the like to or on behalf of the Ultimate Beneficiaries.

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:

(a) 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) or

(b) Provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries.

NOTE 47: UNDISCLOSED INCOME

There are no transactions not recorded in the books of accounts for the financial years ended March 31,2025 and March 31,2024.

NOTE 48: STRIKE OFF COMPANIES

The company does not have any transactions with struck-off companies during the year.

NOTE 49 PROPERTY, PLANT AND EQUIPMENT

There is no impairment loss on property, plant and equipment assets on the basis of review carried out by the management. Company carries out physical verification of its Property, Plant and Equipment at regular interval.

NOTE 50: INVENTORY

The inventory comprising of stock in trade are physically verified by the management at regular intervals and as at the end of the year. Company obtains written confirmations in respect of stock lying with third parties, if any, as at the year end.

NOTE 51: DUES TO MICRO AND SMALL ENTERPRISES

The Company has not received any intimation from “Creditors" regarding their status under the Micro, Small and Medium Enterprises Development Act,2006 except for the amount disclosed in Note 17. Hence, disclosures which is required in respect of Indian suppliers, if any, relating to amounts unpaid as at the year end together with Interest paid/payable as required under the said Act have not been made.

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Mar 31, 2024

5.1. There are no impairment losses recognised during the year ended March 31,2024 and March 31,2023.

5.2. Assets pledged as security

Buildings with a carrying amount of Nil (previous year as at March 31,2023: '' 44.17 Lakhs) included in the block of buildings have been pledged to secure borrowings of the Company (see note 21). The Company is not allowed to pledge these assets as security for other borrowings or to sell them to another entity.

5.3. The Company has not revalued its property plant and equipment as on each reporting period and therefore Schedule III disclosure requirements with respect to fair value details is not applicable.

5.4. There are no capital-work-in-progress during each reporting period and therefore Schedule III additional disclosures for ageing and completion schedule of Capital work-in-progress is not applicable.

7.1. Fair value of the Company’s investment properties

The fair value of the Company''s investment properties situated at Surat have been arrived at on the basis of a valuation carried out by M/s R K Patel & Co. and for other investment properties have been carried out by K.S. Shikari & Associates, independent valuers not related to the Company. The Valuers are registered with the authority which governs the valuers in India, and they have appropriate qualifications and recent experience in the valuation of properties in the relevant locations. The fair value was derived using the market comparable approach based on recent market prices with few adjustments being made to the market observable data.

7.2. Assets pledged as security

* Buildings with a carrying amount of Nil (previous year as at March 31,2023: '' 441.67 Lakhs) included in the investment property have been pledged to secure borrowings of the Company (see note 21). The Company is not allowed to pledge these assets as security for other borrowings or to sell them to another entity.

The above property appearing under the head "Property, Plant and Equipment" and "Investment Property" accounts respectively is transferred to the Property under Development (stock in trade) - Refer Note No. 16.

8.1. The Company has not revalued its intangible assets as on each reporting period and therefore Schedule III disclosure requirements with respect to fair value details is not applicable.

8.2. There are no intangible under development during each reporting period and therefore Schedule III additional disclosures for ageing and completion schedule of intangible under development is not applicable.

9.1. The Company had provided loan to its wholly owned subsidiary, Standard Salt Works Limited. This loan is initially measured at fair value and subsequently at amortised cost. The difference between the market rate of interest and the rate of interest of the loan is the benefit provided by the Company to its subsidiary. This benefit is recognised as deemed investment in the books of the Company

The cost of inventories recognised as an expense during the year was '' 1,819.68 Lakhs (for the year ended March 31,2023: '' 1,510.03 Lakhs). The Company has no write-down of inventory to net realisable value during the year ended March 31,2024 and March 31,2023.

The Company is having an Apartment Building with Free hold land situated at Prabhadevi, Mumbai-400025. Company is exploring various opportunities available for enhancing the value of the property.

Accordingly, the Written Down Value (Net Block) of '' 479.19 lakhs is transferred from "Property Plant and Equipment" and "Investment property" accounts respectively to Property Under Development (Stock in trade).

Assets pledged as security

Land and Buildings with a carrying amount of '' 479.19 Lakhs (as at March 31,2023: '' Nil) included in Property under development have been pledged to secure borrowings of the Company (see note 21). The Company is not allowed to pledge these assets as security for other borrowings or to sell them to another entity

The general reserve is used from time to time to transfer profits from retained earnings for appropriation purposes. As the general reserve is created by a transfer from one component of equity to another and is not an item of other comprehensive income, items included in the general reserve will not be reclassified subsequently to profit or loss.

Retained earnings represents the amount that can be distributed by the Company as dividends subject to the provisions of the Companies Act, 2013.

The amount of dividend per equity share recognized as distribution to equity shareholders in accordance with Companies Act 2013 is as follows:

During the year ended March 31,2024, on account of the final dividend for FY 2022-23 and interim dividend for 2022-23 the Company has incurred a net cash outflow of '' 675.45 Lakhs.

During the year ended March 31,2023, on account of the final dividend for FY 2021-22 and interim dividend for 2021-22 the Company has incurred a net cash outflow of '' 1608.22 Lakhs.

The Board of Directors, at their meeting held on March 15, 2024, has declared interim dividend of '' 0.50 per equity share (10% on the face value of '' 5 each) for the financial year ended March 31,2024. The same is paid on April 12, 2024.

The Board of Directors at their meeting held on May 21^st, 2024, has recommended a final dividend of '' 0.55 per equity share (11 % on the face value of '' 5 each) for the financial year ended March 31,2024 which is subject to approval by shareholders of the Company in the ensuing Annual General Meeting.

The Company has not accounted for the Final dividend as a liability, as per Ind AS 10 as the dividend is declared after the reporting period.

21.2.There are no breach of contractual terms of the borrowing during the year ended March 31,2024 and March 31, 2023.

(i) The Company does not have any charges or satisfaction which is yet to be registered with ROC beyond the statutory period.

(ii) 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:

(a) 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) or

(b) provide any guarantee, security or the like to or on behalf of the Ultimate Beneficiaries.

(iii) The Company has not been declared willful defaulter by any bank or financial Institution or other lender.

28.2.The Company presently recognises revenue on point in time basis. This is consistent with the revenue information that is disclosed for each reportable segment under Ind AS 108 (refer Note 34 on Segment information disclosure).

28.4. The Company receives payments from customers based upon contractual billing schedules. Accounts receivable are recorded when the right to consideration becomes unconditional.

28.5. There are no performance obligations that are unsatisfied or partially unsatisfied during the year ended March 31,2024 and year ended March 31,2023.

34.1.Products and services from which reportable segments derive their revenues

Information reported to the chief operating decision maker (CODM) for the purposes of resource allocation and assessment of segment performance focuses on the types of goods or services delivered or provided, and in respect of the ''Property Division*'' and ''trading'' operations. The directors of the Company have chosen to organise the Company around differences in products and services. No operating segments have been aggregated in arriving at the reportable segments of the Company.

Specifically the Company''s reportable segments under Ind AS 108 are as follows:

- Property division*

- Trading

* The property division (Real estate) comprises of assets which are in excess of business needs, which the Company would liquidate based on the market condition.

Segment revenue reported above represents revenue generated from external customers. There were no intersegment sales in the current and previous year.

The accounting policies of the reportable segments are the same as the Company''s accounting policies described in note 2. Segment profit represents the profit before tax earned by each segment without allocation of unallocated expenses and income. This is the measure reported to the chief operating decision maker for the purposes of resource allocation and assessment of segment performance.

The Company presently caters to only domestic market i.e. India and hence there is no revenue from external customers outside India nor any of its non-current asset is located outside India.

34.6.Information about major customers

I ncluded in revenue arising from direct sales of trading goods of '' 1404.86 Lakhs (year ended March 31,2023: '' 1591.65 Lakhs) which arose from sales to its two (previous year: two) major customers which accounts for 72.93 percent (year ended March 31,2023: 65.42 percent) of the total revenue from trading operations.

There is no revenue arising from direct sales of property division during current and previous year.

No other single trading customer contributed 10% or more to the company''s revenue for year ended March 31, 2024 and year ended March 31,2023.

35.2.Diluted Earnings Per Share

The diluted earnings per share has been computed by dividing the Net profit after tax available for equity shareholders by the weighted average number of equity shares, after giving the effect of the dilutive potential ordinary shares for the respective periods.

36. Employee benefits

i) Defined Contribution Plan

The Company’s contribution to Provident fund and other funds aggregating during the year ended March 31, 2024 is '' 30.14 Lakhs (and during the year ended March 31,2023: '' 26.34 Lakhs) has been recognised in the statement of profit or loss under the head employee benefits expense.

ii) Defined Benefit Plans:

Gratuity

The Company has a defined benefit gratuity plan in India (funded). The company’s defined benefit gratuity plan is a final salary plan for employees, which requires contribution to be made to a separately administered fund.

The fund is managed by a trust which is governed by the board of trustees. The board of trustees are responsible for the administration of the plan assets and for the definition of the investment strategy.

During the earlier year, the Company has changed the benefit scheme in line with Payment of Gratuity Act, 1972 by increasing monetary ceiling from 10 lakhs to 20 lakhs, for those employees who are getting benefit as per Payment of Gratuity Act, 1972. Change in liability (if any) due to this scheme change is recognised as past service cost.

A separate trust fund is created to manage the Gratuity plan and the contributions towards the trust fund is done as guided by rule 103 of Income Tax Rules, 1962.

Through its defined benefit plans the Company is exposed to a number of risks, the most significant of which are detailed below:

(1) Salary risk:

The present value of the defined benefit plan liability is calculated by reference to the future salaries of members. As such, an increase in the salary of the members more than assumed level will increase the plan''s liability.

(2) Interest rate risk:

A fall in the discount rate which is linked to the G.Sec. Rate will increase the present value of the liability requiring higher provision. A fall in the discount rate generally increases the mark to market value of the assets depending on the duration of asset.

(3) Investment Risk:

The present value of the defined benefit plan liability is calculated using a discount rate which is determined by reference to market yields at the end of the reporting period on government bonds. If the return on plan asset is below this rate, it will create a plan deficit. Currently, for the plan in India, it has a relatively balanced mix of investments in government securities, and other debt instruments.

(4) Asset Liability Matching Risk:

The plan faces the ALM risk as to the matching cash flow. Since the plan is invested in lines of Rule 101 of Income Tax Rules, 1962, this generally reduces ALM risk.

(5) Mortality risk:

Since the benefits under the plan is not payable for life time and payable till retirement age only, plan does not have any longevity risk.

i) The Current service cost and the net interest expense for the period are included in the ''Employee benefits expense'' line item in the statement of profit and loss.

ii) The remeasurement of the net define benefits liability is included in other comprehensive income for the year ended March 31,2024 and March 31,2023.

Sensitivity Analysis

The sensitivity analysis have been determined based on reasonably possible changes of the respective assumptions occurring at the end of the reporting period, while holding all other assumptions constant.

The following table summarizes the impact on the reported defined benefit obligation at the end of the reporting period arising on account of an increase or decrease in the reported assumption by 1%.

i) The sensitivity analysis presented above may not be representative of the actual change in the projected 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.

ii) Furthermore, in presenting the above sensitivity analysis, the present value of the projected benefit obligation has been calculated using the projected unit credit method at the end of the reporting period, which is the same method as applied in calculating the projected benefit obligation as recognised in the balance sheet.

iii) There was no change in the methods and assumptions used in preparing the sensitivity analysis from prior years.

The Company expects to contribute '' 10.21 lakhs (as at March 31,2023: '' Nil) to the gratuity trusts during the next financial year.

37. Financial instruments37.1.Capital management

The Company manages its capital to ensure that it will be able to continue as going concern while maximising the return to stakeholders through the optimisation of the debt and equity balance. The capital structure of the Company consists of net debt offset by cash and bank balances and total equity of the Company.

37.3.Financial risk management objectives

The company monitors and manages the financial risks to the operations of the company These risks include market risk, credit risk, interest risk and liquidity risk.

A. Credit risk

Credit risk refers to the risk that a counterparty will default on its contractual obligations resulting in financial loss to the Company. The Company has adopted a policy of only dealing with creditworthy counterparties, as a means of mitigating the risk of financial loss from defaults. The Company uses its own trading records to rate its major customers. The Company''s exposure to financial loss from defaults are continuously monitored.

Trade receivables consist of a large number of customers, spread across various geographical areas. Ongoing credit evaluation is performed on the financial condition of accounts receivable.

B. Liquidity risk

Liquidity risk refers to insufficiency of funds to meet the financial obligations. Liquidity Risk Management implies maintenance of sufficient cash to meet obligations when due.

The Company continuously monitoring forecast and actual cash flows, and by assessing the maturity profiles of financial assets and liabilities.

The above table details the Company’s remaining contractual maturity for its non-derivative financial liabilities with agreed repayment periods. The amount disclosed in the tables have been drawn up based on the undiscounted cash flows of financial liabilities based on the earliest date on which the Company can be required to pay. The contractual maturity is based on the earliest date on which the Company may be required to pay.

C. Market risk

The risk that the fair value or future cash flows of a financial instrument will fluctuate because of changes in market prices. Market risk comprises of currency risk and interest rate risk. In the normal course of business and in accordance with our policies, we manage these risks through a variety of strategies.

i) Currency risk

The risk that the fair value or future cash flows of a financial instrument will fluctuate because of changes in foreign exchange rates. The Company is domiciled in India and has its revenues and other major transactions in its functional currency i.e. INR. Accordingly the Company is not exposed to any currency risk.

ii) Interest rate risk

The risk that the fair value or future cash flows of a financial instrument will fluctuate because of changes in market interest rates.

The Company has borrowed funds with both fixed and floating interest rate.

40. Contingent liabilities and commitments
Particulars	For the	For the
	year ended	year ended
Contingent liabilities (to the extent not provided for)	March 31, 2024	March 31, 2023
a) Represents demands raised by Excise authorities in the matter of disputes relating to classification of ICL fabrics, captive consumption of yarn and various other matters for which appeals are pending before various appellate authorities. The Company is confident that the cases will be successfully contested.	469.94	469.94

Particulars		For the	For the
		year ended	year ended
		March 31, 2023	March 31, 2020
b)	The Government of Maharashtra vide Notification No.ELD-2000/CR-1022(ii) NRG-1 dated April 1,2000 and No.ELD-2001/CR-1069/ NRG-1 dated April 4, 2001 had sought to charge electricity duty on the power generated by Captive Power Plant (CPP). The Companies having CPP had petitioned the Hon''ble High Court at Mumbai against the said Notification contesting the aforesaid levy of duty. The Hon''ble High Court vide Order dated February 23, 2010 quashed and set aside the aforesaid Notification. Accordingly, the Company during the year 2009/2010, has written back the provision for the said duty provided in earlier years aggregating to '' 1375.74 lakhs. The Government of Maharashtra has filed a Special Leave Petition (SLP) in the Hon''ble Supreme Court of India against the aforesaid Order of the Hon''ble High Court at Mumbai. The Company is confident of success in this SLP when heard.	1,375.74	1,375.74
c)	The Company had disputed the claim for rent, mesne profit and related interest claimed by the owner of the premises which were used by the Company in earlier years. On the application of the Company, the Hon''ble High Court of Judicature at Bombay granted a stay against the unfavourable Order of the Small Causes Court and directed the Company to deposit an amount of '' 1,153.26 Lakhs pending resolution of the related Writ Petition filed by the Company, which the Company has deposited. Out of the above the Company has already provided/paid for amounts aggregating '' 635.39 Lakhs and the balance amount of '' 517.87 Lakhs has not been provided as the Company is hopeful of succeeding in its Petition.	1,364.17	1,364.17
d)	Disputed demand of Income Tax for the assessment year 2018-19 against which the appeal is made to Appellate Authority. The Company is confident that the case can be successfully contested.	156.31	156.31
e)	Disputed demand of GST for the Financial year 2019-20 against which the appeal is made to GST Appellate Authority. The Company has pre deposited an amount of '' 5.13 Lakhs againts the said demand. The Company is confident that the case can be successfully contested.	97.60

41.2. The Company does not have any transaction which is not recorded in the books of accounts that has been surrendered or disclosed as income during the year 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).

41.3. The Company had opted Tax U/s. 115BAA applicable to Domestic Companies w.e.f Financial year 2021-2022 and accordingly, tax expenses has been calculated and provided for.

Reason for change more than 25%:

The ratio decreases from 0.10 in FY 2022-23 to (0.01) in FY 2023-24 mainly on account of revenue recognised on assignment of TDR entitlement during the year ended March 31,2023.

c) I nventory Turnover Ratio: Not applicable since the inventory balance is Nil during the year ended March 31, 2024 and March 31, 2023.

The ratio increases from 3.15 in FY 22-23 to 0.29 in FY 23-24 mainly on account of revenue recognised on assignment of TDR entitlement during the year ended March 31,2023.

II. Other Statutory Information

(i) The Company does not have any Benami property, where any proceeding has been initiated or pending against the Company for holding any Benami property.

(ii) The Company did not have any transactions with Companies struck off.

(iii) The Company has not traded or invested in Crypto currency or Virtual Currency during the respective financial years / period.

(iv) The Company has not advanced or loaned or invested funds to any other person(s) or entity(ies), including foreign entities (Intermediaries) with the understanding that the Intermediary shall:

(a) 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) or

(b) provide any guarantee, security or the like to or on behalf of the Ultimate Beneficiaries.

(v) The Company does not have any Scheme of Arrangements which have been approved by the Competent Authority in terms of sections 230 to 237 of the Act.

(vi) The Company has complied with the number of layers prescribed under Section 2(87) of the Act read with the Companies (Restriction on number of Layers) Rules, 2017

(vii) The Company has not made any delay in Registration of Charges under the Companies Act, 2013.

43. The date of implementation of the Code on Social Security, 2020 (''the Code'') relating to employee benefits is yet to be notified by the Government and when implemented will impact the contributions by the Company towards benefits such as Provident Fund, Gratuity etc. The Company will assess the impact of the Code and give effect in the financial results when the Code and Rules thereunder are notified.

44. During the previous year ended on March 31,2023, on receipt of DRC showing entitlement of Transfer of Development Rights (TDR) with respect to the land situated at Sewree, the Company has assigned all rights and interest concerning the said entitlement of TDR vide Agreement dated October 20, 2022 to M/s. K.Raheja Private Limited and Feat Properties Private Limited at an aggregate price of '' 2875.82 lakhs and recorded a gain of '' 2862.00 lakhs.

45. During the earlier periods, the unsecured loan of '' 5370.00 Lakhs (including accrued interest of '' 1,249.18 Lakhs and business advance of '' 159.45 Lakhs) given to Standard Salt Works Limited (SSWL) has been converted into equity shares. Consequently, the total investment in SSWL as at March 31, 2023 aggregates '' 5,969.82 Lakhs. The net worth of SSWL post aforesaid conversion has become positive.

Further, in view of the long-term strategic nature of the investment in leasehold rights to salt pans and the growth prospects of the subsidiary which is engaged in the manufacture of salt from the significant leased salt pans that it is holding, no provision for diminution in the value of the investment is considered necessary at this stage.

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Mar 31, 2023

Rights, Preferences and Restrictions of share holder :-

The company has only single class of equity shares. Each shareholder is eligible for one vote per share. one class of equity share have been issued having a par value of Rs. 10/- each. The company declares and pays dividend if any, in Indian Rupee. The dividend proposed if any, by the board of Directors is subject to the approval of the share holders at the ensuing Annual General meeting except in case of interim dividend. In the event of liquidation of the company, the holder of equity shares will be entitled to receive any of remaining assets of the company after distribution of preferential amount. The distribution will be in proportion to the number of equity shares held by the share holders.

The Company has availed working capital facilities from banks on following Terms and Conditions;

1. Secured by

a. Pledge of warehouse receipts / storage receipts of commodities issued by Collateral Manager acceptable to the bank with Lien noted in favor of the Bank, Pledge of DWRs / Commodity Demat Credit in favor of the Bank.

b. Two Undated Cheque for the entire facility to be obtained in the favor of Bank.

c. Residential property along with the Unconditional and irrevocable Personal Guarantee of director Mr. Abhishek Bansal.

2. Bank Overdraft is secured against Fixed Deposit, Refer Note 6.

3. Interest rate varies from 8.15% to 9.65%

4. Unsecured Loans are due within a period of twelve months with interest rate of 11%.

The Company has not received any intimation from "Creditors" regarding their status under the Micro, Small and Medium Enterprises Development Act, 2006. Hence, disclosures if any, relating to amounts unpaid as at the year end together with Interest paid/payable as required under the said Act have not been made.

Note 29 : Contingent Liabilities and Commitments (to the extent not provided for):

There are no material pending contingent liabilities on account of litigations or commitments which the company believes could reasonably be expected to have a material adverse effect on the result of operations, cash flow or the financial position of the Company except Guarantee given by the Company as below

('' in Lakhs)
Particulars	March 31, 2023	March 31, 2022
Income Tax Appeal AY 2018-19	4.34	-
Income Tax Appeal AY 2020-21 (Appeal Fees of 20% paid on total demand is included in Note 8)	29.60	-

Note 31 : Segment Reporting Primary segment (Business segment)

The Company is engaged in general trading of commodities and trading in derivatives on recognized exchange. Segments have been identified and reported taking into account nature of products and services, the different risk and returns and internal business reporting system. The accounting Policy adopted for segment reporting are in line with Company''s accounting policy.

Note 32 : Property, Plant and Equipment

There is no impairment loss on property, plant and equipment assets on the basis of review carried out by the management. Company carries out physical verification of its Property, Plant and Equipment at regular interval.

Note 33 : Inventory

The inventory comprising of stock in trade and finished goods is physically verified by the management at regular intervals and as at the end of the year. Company obtains written confirmations in respect of stock lying with third parties, if any, as at the year end.

Note 34 : Trade Receivable

Loan and Advances, Trade receivables and Other Receivables are subject to confirmation and reconciliation.

A. Gratuity (Defined Benefit Plan) i) General Description:

The Company provides for gratuity for employees in India as per the payment of Gratuity Act, 1972. Employees who are in continuous service for a period of 5 years are eligible for gratuity. The amount of gratuity payable on retirement/termination is the employees last drawn basic salary per month computed proportionately for 15 days salary multiplied for the number of years of service. The company''s liability towards gratuity is determined on the basis of year end actuarial valuations applying the Projected Unit Credit Method (as per Ind AS 19) done by an independent actuary.

B. Compensated absence (long term employee benefits) i) General Description:

The company provides Privilege Leave to it''s employees in India. Privilege leave is computed on calendar year basis, however, any unavailed privilege leaves upto 45 days will be carried forward to the next calendar year. Privilege leave can only be encashed at the time of retirement / termination / resignation / withdrawal and is computed as no. of privilege leaves multiplied with applicable salary for leave encashment. The company''s liability towards privilege leaves is determined on the basis of year end actuarial valuations applying the Projected Unit Credit Method (as per Ind AS 19) done by an independent actuary.

C. Defined Contribution Plans

The Company also has certain defined contribution plans. Contributions payable by the Company to the concerned Government authorities in respect of Provident Fund and Employees State Insurance are charged to Statement of Profit and Loss. The obligation of the Company is limited to the amount contributed and it has no contractual or any constructive obligation. Amount recognized during the year as contribution in statement of Profit & Loss is Rs. 1.10 lacs and Rs. 1.83 lacs for the year ended March 31, 2023 and March 31, 2022 respectively.

B. Fair value Measurement

All assets and liabilities for which the fair value is measured or disclosed in the financial statements are categorised within the fair value hierarchy, described as follows, based on the lowest level input that is significant to the fair value measurement as a whole:

Level 1 - Inputs are quoted (unadjusted) market prices in active markets for identical assets or liabilities that the entity can access at the measurement date.

Level 2 - Valuation techniques for which the lowest level input that is significant to the fair value measurement are (other than quoted prices) included within Level 1 that are observable for the asset or liability, either directly or indirectly.

Level 3 - Valuation techniques for which the lowest level input that is significant to the fair value measurement is unobservable.

As on reporting date, Company had no outstanding financial assets or financial liabilities classified as either FVTPL or FVOCI and hence the said disclosure requirement is not applicable.

Financial instruments measured at amortised cost:

The carrying value approximates fair value for long term financial assets and liabilities measured at amortised cost. There are no transfers during the year in level 1, 2 and 3. The Company policy is to recognize transfers into and transfers out of fair value hierarchy level as at the end of reporting period.

C. Financial risk management Risk management framework

The Company''s board of directors has overall responsibility for the establishment and oversight of the Company''s risk management framework. The Company''s risk management policies are established to identify and analyse the risks faced by the Company, to set appropriate risk limits and controls and to monitor risks and adherence to limits. Risk management policies and systems are reviewed regularly to reflect changes in market conditions and the Company''s activities. The Company, through its training and management standards and procedures, aims to maintain a disciplined and constructive control environment in which all employees understand their roles and obligations.

The Company has exposure to the following risks arising from financial instruments:

1. Credit risk

2. Liquidity risk and

3. Market risk

1. Credit risk

Credit risk is the risk that a customer or counterparty to a financial instrument will fail to perform or pay amounts due to the Company causing financial loss. It arises from cash and cash equivalents, deposits with banks and financial institutions, security deposits, loans given and principally from credit exposures to customers relating to outstanding receivables. The Company''s maximum exposure to credit risk is limited to the carrying amount of financial assets recognised at reporting date. The Company continuously monitors defaults of customers and other counterparties, identified either individually or by the Company, and incorporates this information into its credit risk controls. Where available at reasonable cost, external credit ratings and/or reports on customers and other counterparties are obtained and used. The Company''s policy is to deal only with creditworthy counterparties.

In respect of trade and other receivables, the Company is not exposed to any significant credit risk exposure to any single counterparty or any company of counterparties having similar characteristics. Trade receivables consist of a large number of customers in various geographical areas. The Company has no history of customer default, and considers the credit quality of trade receivables that are not past due or impaired to be good. The credit risk for cash and cash equivalents, mutual funds, bank deposits, loans and derivative financial instruments is considered negligible, since the counterparties are reputable organisations with high quality external credit ratings. Company provides for expected credit losses on financial assets by assessing individual financial instruments for expectation of any credit losses. Since the assets have very low credit risk, and are for varied natures and purpose, there is

no trend that the company can draws to apply consistently to entire population. For such financial assets, the Company''s policy is to provide for 12 month expected credit losses upon initial recognition and provides for lifetime expected credit losses upon significant increase in credit risk. The Company does not have any expected loss based impairment recognised on such assets considering their low credit risk nature, though incurred loss provisions, if any, are disclosed under each sub-category of such financial assets.

2. Liquidity risk

Liquidity Risk is defined as the risk that the Company will not be able to settle or meets its obligations on time at a reasonable price In addition; processes and policies related to such risks are overseen by senior management. Management monitors the Company''s net liquidity through rolling forecasts of expected cash flows.

Exposure to liquidity risk

The table below is an analysis of Company''s financial liabilities based on their remaining contractual maturities of financial liabilities at the reporting date.

3. Market risk

Changes in market prices which will affect the Company''s income or the value of its holdings of financial instruments is considered as market risk. It is attributable to all market risk sensitive financial instruments.

4. 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 interest rates. In order to optimize the Company''s position with regards to interest income and interest expenses and to manage the interest rate risk, treasury performs a comprehensive corporate interest rate risk management by balancing the proportion of fixed rate and floating rate financial instruments in its total portfolio.

Note 37 : Capital Management

The primary objective of the Group''s capital management is to maximize the shareholders'' interest, safeguard its ability to continue as a going concern and reduce its cost of capital. Company is focused on keeping strong total equity base to ensure independence, security as well as high financial flexibility for potential future borrowings required if any. Company''s capital for capital management includes long term debt and total equity . As at March 31, 2023 and March 31, 2022 total capital is Rs 1,862.16 lacs and Rs 1,827.42 lacs respectively. No changes were made in the objectives, policies or processes for managing capital during the year ended March 31, 2023.

Note 39 : Restoration of Provisional attached Bank Accounts under section 83 of CGST Act

Office of the Principal Commissioner of Central GST & Central Excise, Gandhinagar, Gujarat on 08.03.2021 via Form DRC - 22 provisionally attached Kotak bank account number 4211769756 as per the sections and the rules laid down under the Goods & Services Tax Act. The Hon''ble Bombay High Court, by its order dated 04.05.2022, was pleased to direct that the bank accounts of the Company shall be released upon Company submitting the bank guarantee of any nationalized bank of the amount equal to the amount in the bank accounts attached.

Accordingly, bank account was released upon submission of Bank Guarantee (valid till 08th December, 2022) number 0086IFIBG220058 dated 09.06.2022 issued by State Bank of India. This Bank Guarantee was issued by the State Bank of India on pledged of fixed deposit of Rs. 2.60 Lakhs.

Further, Company vide its letter dated 01st February, 2023 has requested the Goods and Services Tax department to return the Bank Guarantee.

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Mar 31, 2018

BACKGROUND

ABans Enterprise Limited (the Company) is a public company limited by shares domiciled in India, incorporated under the provisions of Companies Act, 1956. Its shares are listed on BSE Limited. Its registered office is situated at 36/37/38A, 3rd Floor, 227, Nariman Bhavan Backbay Reclamation, Nariman point, Mumbai - 400021 IN. The Company is engaged in General Trading of commodities (Gold, Guar, Jeera, Soya bean Etc.) and Trading in Derivatives.

a) Remuneration paid to Abhishek Bansal Rs.7,76,072/- ( Py Rs.6,00,000)

b) Remuneration paid to Ruchi Trivedi Rs.1,72,874/-( Py Nil)

c) Remuneration paid to Amit Gupta Rs.4,41,484/-(Py Rs.2,43,952/- )

d) Rent Paid to Abans Finance Private limited Rs.1 96 980 (P.Y.Rs.1,93,060/-)

e) Purchases(excluding VAT/GST) from M/s. Abans Commodities (I) Pvt Ltd Rs 5,60,12,500/-(P.Y. Rs.99 46 710/-) were made during the year

f) Purchases(excluding VAT/GST) from Abans Broking Services Pvt Ltd Rs.1,87,78,750/-(P.Y.NIL) were made during the year

g) Sales (excluding VAT/GST) from M/s. Abans Commodities (I) Pvt Ltd Rs 4,42,70,040/-(P.Y.NIL) were made during the year

h) Loan of Rs.50,000(P. Y.NIL) was given to Mr.Amit Gupta which was repaid during the year

i) Brokerage paid to Abans Securities Private Limited Rs.1,96,603/- (PY.NIL)

j) Balances with Broker- Abans Securities Private Limited (Excl. minimum span Margin required on account of positions O/S as on 31st March-2018) is Rs. 1,38,086/-(P.Y. NIL) (Cr.Balance) as on 31st March-2018

1. SEGMENT REPORTING AS PER IND AS 108 Business Segment:

The Company is Operating in two different business segments i.e. General Trading of commodities (Gold ,Gaur , Jeera ,Soya been etc.) and Trading in Derivatives . Segments have been identified and reported taking into account Nature of products and services, the different risks and returns and the Internal business reporting Systems . The accounting policies adopted for Segment reporting are in line with the accounting policies of the Company

2. Debtors , Creditors , Loans and advances are subject to confirmations and reconciliation.

3. The previous year figures have been regrouped , reclassified , wherever necessary , to confirm to the current year presentation.

4. The Figures are rounded to the nearest value of Rupee.

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Mar 31, 2015

1. Loans and advances are subject to confirmations and reconciliation

2. In the opinion of the Company, the current assets, loans and advances are approximately of the value stated if realised in the ordinary course of business

3. The company does not have, nor does it require under any statute to have any short/Long term defined contribution plan or any defined benefit plan for employees. There are also no short/long term employee benefits which become due during or post employment period of Employees. In the absence of aforesaid employee benefits, the requirement to comply with AS 15 does not arise

4. RELATED PARTY DISCLOSURE

Ashish Shah

Key Management Personnel - Category I Resahamsingh

Pyarasingh

Relatives of key management personnel - Category II None

Enterprise owned or significantly influenced by the key management personnel of Reshamsingh & Co their relatives company - Category III Pvt Ltd

Enterprise owned or significantly influenced None by the group of individuals or their relatives who have control or significant influence over the company - Category IV

Sale of Fixed Assets to Reshamsingh & Co. Pvt Ltd - Rs. Nil (P.Y Rs. 2,94,042/-)

5. There are no separate reportable segments under Accounting standard 17 "Segment Reporting", hence the required disclosure under Accounting Standard 17 is not made by the company.

6. Figures are rounded off to nearest value of Rupee.

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Mar 31, 2014

1. CONTINGENT LIABILITIES

As stated by the directors, company does not have any contingent liabilities in the contract Execution/Completion.

Previous years figures are regrouped whereever if found necessary, so as to make it comparable with those of current year''s figures.

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Mar 31, 2013

1 RELATED PARTY TRANSACTIONS

As per the Accounting standard -18 issued by the Institute of Chartered Accountants of India, the disclosure of transaction with related parties as defined in the accounting standard are given below:

Previous years figures are regrouped whereever if found necessary, so as to make it comparable with those of current year''s figures.

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Mar 31, 2011

Previous years figures are regrouped whether if found necessary, so as to make it comparable with those of current year''s figures.

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Mar 31, 2010

Previous years figures are regrouped whether if found necessary, so as to make it comparable with those of current year''s figures.