Notes to Accounts of Athena Constructions Ltd.

Mar 31, 2024

g. Cash Flow Statement

Cash flows are reported using the indirect method, whereby profit / (loss) before
extraordinary items and tax is adjusted for the effects of transactions of non-cash
nature and any deferrals or accruals of past or future cash receipts or payments. The
cash flows from operating, investing and financing activities of the Company are
segregated based on the available information.

h. Earnings Per Share

The Company reports its basic and diluted earnings per share in accordance with
Accounting Standard-20 Earnings per Share. Basic earnings per share are computed by
dividing the profit for the year by the weighted average number of equity shares
outstanding during the year. Diluted earnings per share is computed by dividing the
profit for the year by the weighted average number of equity shares outstanding during
the year as adjusted for the effects of all dilutive potential equity shares except where
the results are anti-dilutive.

DEALING WITH STRUCK OFF COMPANIES

Company did not have any transaction with any of the struck off companies during the year as well as in
the previous year. It does not have any outstanding balance of any kind of transaction with such
companies at the yearend date.

Note: 30

CONTINGENT LIABILITIES AND COMMITMENTS

Claims against the Company /disputed liabilities not acknowledged as debts: (As per the
representation made by the Management-

Disputed income tax liabilities of Rs. 1563.94 lakhs in respect of Financial Year 2011-12. The Company
has disputed the same with appropriate authorities and it has not provided for the same in view of it
was legally advised so.

Note: 31

Prior Year Comparatives

Previous year''s figures have been regrouped, rearranged or recasted wherever necessary to conform to
this year''s classification. Figures in brackets pertain to previous year.

As per our report of even date

For JMT & Associates On Behalf of the Board

Chartered Accountants For ATHENA CONSTRUCTIONS LIMITED

Firm Regn No. 104167W (CIN : L45200MH2011PLC215562)

CA Arun S Jain

Partner (Ravikant Rathi) (Santosh Nagar)

Membership No.043161 DIN: 862459 DIN: 2800839

UDIN: 24043161BKFEPW5364 Director Director

Date : 31-05-2024
Place : MUMBAI

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Mar 31, 2016

NOTE - 2: Other Notes to Accounts.

1. There are no dues to micro and small enterprises as defined in the Micro, Small and Medium Enterprises Development Act, 2006 which are outstanding as at the Balance Sheet date.

2. Previous Year’s figures have been regrouped /reclassified wherever necessary to confirm to the current year’s classification.

3. Balances of Sundry Debtors, Sundry Creditors, Secured and Unsecured Loans and Advances from banks, financial institutions and others have been confirmed except for the balance with the Ultratech Cements ltd which is subject to confirmation and reconciliation.

4. Rupees 2 Crores has been given to the Contractor for the Redevelopment of Anand Cinema Jodhpur, but due to some unavoidable circumstances the process of re-development has been halted till date.

5. Related Party Disclosures :

a. Related parties with whom the Company had transactions during the year:

i. Enterprise controlled by Key Management Personnel & their relative: -

1. Athena Advisory Services Pvt. Ltd.

2. Athena Wealth Advisors Pvt. Ltd.

ii. Key Management Personnel :-

1. Ravikant Rathi (Director)

2. Santosh Chandrashekhar Nagar

3. Hitesh Pithadia

iii. Relatives of Key Management Personnel :-

1. Shashikant Rathi

2. Arun Rathi

3. Archana Rathi

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