Notes to Accounts of Dharani Finance Ltd.

Mar 31, 2024

l. Provisions, contingent liabilities and
contingent asset
Provisions

Provisions are recognised when the Company has a
present obligation (legal or constructive) as a result
of a past event and it is probable that an outflow of
resources embodying economic benefits will be
required to settle the obligation and a reliable estimate
can be made of the amount of the obligation. Provisions
are discounted, if the effect of the time value of money
is material, using pre-tax rates that reflects the risks
specific to the liability. When discounting is used, an
increase in the provisions due to the passage of time
is recognised as finance cost. These provisions are
reviewed at each balance sheet date and adjusted to
reflect the current best estimates.

Contingent liabilities

A contingent liability is a possible obligation that arises
from past events whose existence will be confirmed
by the occurrence or non-occurrence of one or more
uncertain future events beyond the control of the
company or a present obligation that is not recognized
because it is not probable that an outflow of resources
will be required to settle the obligation. A contingent
liability also arises in extremely rare cases where
there is a liability that cannot be recognized because it
cannot be measured reliably. Contingent liabilities are
disclosed separately.

Show cause notices issued by various Government
authorities are considered for evaluation of contingent
liabilities only when converted into demand.

Contingent assets

Where an inflow of economic benefits is probable, the
Company discloses a brief description of the nature
of the contingent assets at the end of the reporting
period, and, where practicable, an estimate of their
financial effect. Contingent assets are disclosed but
not recognised in the financial statements.

m. Cash and cash equivalents

Cash comprises cash on hand and demand deposits
with banks. Cash equivalents are short-term balances
with original maturity of less than 3 months, highly
liquid investments that are readily convertible into
cash, which are subject to insignificant risk of changes
in value.

n. Cash Flow Statement

Cash flows are presented using indirect method,
whereby profit / (loss) before 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.

Bank borrowings are generally considered to be
financing activities. However, where bank overdrafts
which are repayable on demand form an integral part
of an entity''s cash management, bank overdrafts are
included as a component of cash and cash equivalents
for the purpose of Cash flow statement.

o. Earnings per share

The basic earnings per share are computed by
dividing the net profit for the period attributable to
equity shareholders by the weighted average number
of equity shares outstanding during the period.

Diluted EPS is computed by dividing the net profit after
tax by the weighted average number of equity shares
considered for deriving basic EPS and also weighted
average number of equity shares that could have
been issued upon conversion of all dilutive potential
equity shares. Dilutive potential equity shares are
deemed converted as of the beginning of the period,
unless issued at a later date. Dilutive potential equity
shares are determined independently for each period
presented. The number of equity shares and potentially
dilutive equity shares are adjusted for bonus shares,
as appropriate.

(d) Rights, preferences and restrictions in respect of equity shares issued by the Company

The company has only one class of equity shares having a par value of Rs.10 each. The equity shares of the
company having par value of Rs.10 /- rank pari-passu in all respects including voting rights and entitlement to
dividend. The dividend proposed if any, by the Board of Directors, is subject to the approval of the shareholders
in the ensuing Annual General Meeting. In the event of liquidation of the Company, the holders of the equity
shares will be entitled to receive the remaining assets of the Company, after settling the dues of preferential
and other creditors as per priority. The distribution will be in proportion to the number of equity shares held by
the shareholders. During the current and previous year, no dividend has been proposed by the company to
equity shareholders.

35 Financial Instruments
Capital management

The Company manages its capital to ensure that entities in the Company will be able to continue as going
concern, while maximising the return to stakeholders through the optimisation of the debt and equity balance.

The Company determines the amount of capital required on the basis of annual operating plans and long-term
product and other strategic investment plans. The funding requirements are met through equity.

For the purposes of the Company''s capital management, capital includes issued capital, share premium and
all other equity reserves attributable to the equity holders.

Financial risk management objectives

In the course of its business, the Company is exposed to certain financial risks namely interest risk, credit risk
& liquidity risk. The Company''s primary focus is to achieve better predictability of financial markets and seek to
minimize potential adverse effects on its financial performance.

Interest rate risk management

Market risk is the risk of any loss in future earnings, in realizable fair values or in future cash flows that may result
from a change in the price of a financial instrument. The Company''s activities expose it primarily to the financial
risks of changes in interest rates. The Company is exposed to interest rate risk because it borrow funds at fixed
interest rates. The Company actively manages its interest rate exposures through a centralized treasury division

Credit risk management

Credit risk arises when a customer or counterparty
does not meet its obligations under a customer
contract or financial instrument, leading to a financial
loss. The Company is exposed to credit risk from its
operating activities primarily trade receivables and
from its financing/ investing activities

Exposure to credit risk

The carrying amount of financial assets represents the
maximum credit exposure. The maximum exposure is
the total of the carrying amount of balances with banks,
short term deposits with banks, trade receivables,
margin money and other financial assets excluding
equity investments.

(a) Trade Receivables

The Company has credit evaluation policy for each
customer and, based on the evaluation, credit limit
of each customer is defined. Wherever the Company
assesses the credit risk as high, the exposure is
backed by either bank, guarantee/letter of credit or
security deposits. As per simplified approach, the
Company makes provision of expected credit losses on
trade receivables using a provision matrix to mitigate
the risk of default in payments and makes appropriate
provision at each reporting date wherever outstanding
is for longer period and involves higher risk.

(b) Investments, Cash and Cash Equivalents and
Bank Deposits

Credit Risk on cash and cash equivalents, deposits
with the banks/financial institutions is generally low

as the said deposits have been made with the banks/
financial institutions, who have been assigned high
credit rating by international and domestic rating
agencies. Investments of surplus funds are made only
with approved financial institutions/ counterparty.

Offsetting related disclosures

Offsetting of cash and cash equivalents to borrowings
as per the consortium agreement is available only to
the bank in the event of a default. Company does not
have the right to offset in case of the counter party''s
bankruptcy, therefore, these disclosures are not
required.

Liquidity risk management

Liquidity risk refers to the risk that the Company cannot
meet its financial obligations. The objective of liquidity
risk management is to maintain sufficient liquidity
and ensure that funds are available for use as per
requirements. The Company invests its surplus funds
in such items which carry minimal mark to market
risks. The Company also constantly monitors funding
options available in the debt and capital markets with
a view to maintaining financial flexibility. The Company
manages liquidity risk by maintaining adequate
reserves, banking facilities and reserve borrowing
facilities, by continuously monitoring forecast and
actual cash flows, and by matching the maturity
profiles of financial assets and liabilities.

37 Retirement benefit plans
Defined contribution plans

In accordance with Indian law, eligible employees of the Company are entitled to receive benefits in respect
of provident fund, a defined contribution plan, in which both employees and the Company make monthly
contributions at a specified percentage of the covered employees'' salary. The contributions, as specified
under the law, are made to the Provident fund.

Defined benefit plans

(a) Gratuity

Gratuity is payable as per Payment of Gratuity Act, 1972. In terms of the same, gratuity is computed by
multiplying last drawn salary (basic salary including dearness Allowance if any) by completed years of
continuous service with part thereof in excess of six months and again by 15/26. The Act provides for a vesting
period of 5 years for withdrawal and retirement and a monetary ceiling on gratuity payable to an employee on
separation, as may be prescribed under the Payment of Gratuity Act, 1972, from time to time. However, in
cases where an enterprise has more favourable terms in this regard the same has been adopted.

(b) Compensated absence

The leave scheme is a final salary defined benefit plan, that provides for a lumpsum payment at the time of
separation based on scheme rules the benefits are calculated on the basis of last drawn salary and the leave
count at the time of separation and paid as lumpsum.

Sensitivity analysis

In view of the fact that the Company for preparing the sensitivity analysis considers the present value of the
defined benefit obligation which has been calculated using the projected unit credit method at the end of
the reporting period, which is the same as that applied in calculating the defined benefit obligation liability
recognised in the balance sheet.

(b) Compensated absences

The leave scheme is a final salary defined benefit plan, that provides for a lumpsum payment at the time of
separation; based on scheme rules the benefits are calculated on the basis of last drawn salary and the leave
count at the time of separation and paid as lumpsum.

(c) Proceedings under the Benami Transactions (Prohibition) Act, 1988 (45 of 1988) and rules made
thereunder

There are no proceedings initiated or are pending against the company for holding any benami property under
the Benami Transactions (Prohibition) Act, 1988 (45 of 1988) and rules made thereunder.

(d) Borrowings from banks

Company does not have any outstanding borrowings from banks or financial institutions at any time during the
year on the basis of security of current assets.

The Company is not declared as wilful defaulter by any bank or financial Institution or other lenders.

(e) Relationship with Struck off Companies

The Company did not have any transactions with Companies struck off under Section 248 of Companies Act,
2013 or Section 560 of Companies Act, 1956 considering the information available with the Company.

(f) Compliance with number of layers of companies

The Company do not have any parent company and accordingly, compliance 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 is not applicable for the year under consideration.

Formula adopted for above Ratios

Capital to Risk-weighted Assets Ratio (CRAR) = (Tier I Capital Tier II Capital) / Risk weighted assets
Tier I CRAR = Tier I Capital / Risk weighted assets
Tier II CRAR = Tier II Capital / Risk weighted assets
Reasons for variation if more than 25%

Liquidity coverage ratio

The Companies operations have improved and at the same time there is significant cost optimisation, which
improved the liquity coverage ratio

(h) Scheme of arrangements

There are no Scheme of Arrangements approved by the Competent Authority in terms of sections 230 to 237
of the Companies Act, 2013 during the year.

(i) Advance or loan or investment to intermediaries and receipt of funds from intermediaries

The company has not advanced or loaned or invested funds (either borrowed funds or share premium or any
other sources or kind of funds) to any other person(s) or entity(ies), including foreign entities (Intermediaries)
with the understanding (whether recorded in writing or otherwise) that the Intermediary shall (i) 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 (ii) provide any guarantee, security or the like to or on behalf of the
Ultimate Beneficiaries.

The company has also 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 (i)
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 (ii) provide any guarantee, security or the like on behalf
of the Ultimate Beneficiaries.

(j) Undisclosed Income

The Company do not have any transaction which are not recorded in the books of accounts that has been
surrendered or disclosed as income in the tax assessments under the Income Tax Act, 1961 during any of the
years.

(k) Details of Crypto Currency or Virtual Currency

The Company did not trade or invest in Crypto Currency or virtual currency during the financial year. Hence,
disclosures relating to it are not applicable.

39 Maturity Analysis of Asset and Liabilities

The table below shows the maturity analysis of assets and liabilities according to when they are expected to
be recovered or settled.

40 Dues from a major customer

A corporate insolvency resolution process (CIRP) and the appointment of resolution professional were
admitted in the case of one of the customers of the Company by the Hon''ble National Company Law Tribunal,
Chennai Bench (‘the Hon''ble NCLT) vide its order dated May 5, 2020. The Hon''ble NCLT has approved the
resolution plan vide its Order No. 1A/1410/2022 dated December 20, 2023. Hence, as per the Order, the
Company is expected to received the balance Inter Corporate Deposit of Rs. 415 Lakhs along with accrued
interest in the normal course of business, preferably within 365 days from the date of NCLT Order.

The Company has given Inter-Corporate Deposit (ICD) of Rs. 200 Lakhs to M/s. Aryav Exports Private Limited
on July 4, 2017. However, the Company has not received interest on ICD till date. Therefore, no accrued
interest on ICD has been recognised in the books of accounts for the financial year 2023-24.

41 The Hon''ble National Company Law Tribunal, Chennai Bench vide its order dated July 29, 2021 admitted
a corporate insolvency resolution process (CIRP) and approved the appointment of an interim resolution
professional, in one of the investee companies. The carrying amount of investments as at March 31, 2023
was Rs. 21.99 Lakhs. The investee company went into liquidation vide Order passed by the Hon''ble NCLT
on June 27, 2023. Accordingly, the carrying value of investments was made nil in the books of account. The
investee company had filed an appeal before the Hon''ble National Company Law Appellate Tribunal which
was dismissed vide its Order dated July 11,2023. Subsequently, the investee company had filed an appeal
before the Hon''ble Supreme Court. The Hon''ble Supreme Court vide its Order dated March 18, 2024 had set
aside the Tribunal''s Order of liquidation and remitted back the matter to the Hon''ble NCLT, to examine and
follow the procedures established by law in terms of Section 12A of IBC, 2016. The Hon''ble NCLT, vide its
Order dated May 9, 2024, has restored the powers back to the Board of Directors of the investee Company.
However, the value of investment is not reinstated in the books as on March 31,2024.

For SRIVATSAN & ASSOCIATES For and on behalf of the board of directors of

Chartered Accountants Dharani Finance Limited

Firm Registration No. 014921S

UDIN:24230195BJZYUR6530

N.SRIVATSAN Dr. PALANI G PERIASAMY K.KANDASAMY

Partner Chairman Managing Director

Membership No. 230195 DIN : 00081002 DIN:00277906

Place : Chennai SALONI JAIN N. SIVABALAN

Date : May 17, 2024 Company Secretary Chief Financial Officer

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Mar 31, 2023

Provisions, contingent liabilities and contingent asset

Provisions

Provisions are recognised when the Company has a
present obligation (legal or constructive) as a result
of a past event and it is probable that an outflow of
resources embodying economic benefits will be
required to settle the obligation and a reliable estimate
can be made of the amount of the obligation. Provisions
are discounted, if the effect of the time value of money
is material, using pre-tax rates that reflects the risks
specific to the liability. When discounting is used, an
increase in the provisions due to the passage of time
is recognised as finance cost. These provisions are
reviewed at each balance sheet date and adjusted to
reflect the current best estimates.

Contingent liabilities

A contingent liability is a possible obligation that arises
from past events whose existence will be confirmed
by the occurrence or non-occurrence of one or more
uncertain future events beyond the control of the
company or a present obligation that is not recognized
because it is not probable that an outflow of resources
will be required to settle the obligation. A contingent
liability also arises in extremely rare cases where
there is a liability that cannot be recognized because it
cannot be measured reliably. Contingent liabilities are
disclosed separately.

Show cause notices issued by various Government
authorities are considered for evaluation of contingent
liabilities only when converted into demand.

Contingent assets

Where an inflow of economic benefits is probable, the
Company discloses a brief description of the nature
of the contingent assets at the end of the reporting
period, and, where practicable, an estimate of their
financial effect. Contingent assets are disclosed but
not recognised in the financial statements.

m. Cash and cash equivalents

Cash comprises cash on hand and demand deposits
with banks. Cash equivalents are short-term balances
with original maturity of less than 3 months, highly
liquid investments that are readily convertible into
cash, which are subject to insignificant risk of changes
in value.

n. Cash Flow Statement

Cash flows are presented using indirect method,
whereby profit / (loss) before 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.

Bank borrowings are generally considered to be
financing activities. However, where bank overdrafts
which are repayable on demand form an integral part
of an entity''s cash management, bank overdrafts are
included as a component of cash and cash equivalents
for the purpose of Cash flow statement.

o. Earnings per share

The basic earnings per share are computed by
dividing the net profit for the period attributable to
equity shareholders by the weighted average number
of equity shares outstanding during the period.

Diluted EPS is computed by dividing the net profit after
tax by the weighted average number of equity shares
considered for deriving basic EPS and also weighted
average number of equity shares that could have
been issued upon conversion of all dilutive potential
equity shares. Dilutive potential equity shares are
deemed converted as of the beginning of the period,
unless issued at a later date. Dilutive potential equity
shares are determined independently for each period
presented. The number of equity shares and potentially
dilutive equity shares are adjusted for bonus shares,
as appropriate.

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Mar 31, 2014

1. Background of the Company

The Company is a registered Public Limited Company engaged in the business of NBFC activities and registered as a NBFC with Reserve Bank of India. In addition the Company is also engaged in providing travel and tourism services.

2. Terms/rights attached to equity shares

The company has only one class of equity shares having a par value of Rs.10 per share. Each holder of equity shares is entitled to one vote per share. The company declares and pays dividends in Indian rupees.

During the year ended 31 March 2014, the amount of per share dividend recognized as distributions to equity shareholders was Rs.NIL (31 March 2013: Rs. NIL).

In the event of liquidation of the company, the holders of equity shares will be entitled to receive remaining assets of the company, after distribution of all preferential amounts.

3. Stock on hire is stated at agreement values less amounts received. Stock on hand (traded goods) are valued at lower of cost and market value.

In respect of certain vehicles financed under Hire Purchase Scheme, ownership has not been transferred in the name of hirers.

4. Previous year''s figures have been regrouped, recast and reclassified wherever necessary.

5. The Company has followed Prudential Norms for Income Recognition and Provisioning for Bad & Doubtful Assets as prescribed by the Reserve Bank of India for Non Banking Financial Companies during the year.

5. Lease Terminal adjustment account has been shown as a deduction from net block of Fixed assets as per the guidance note of ICAI.

6. Provision for Non- performing Assets as detailed below has been made as per RBI norms, and has been shown separately in the Balance Sheet.

7. Dues to Small- Scale Industrial undertakings

The company has no outstanding dues to small-scale industrial undertakings as on 31st March 2014 and 31st March 2013.

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Mar 31, 2013

1. Background of the Company

The Company is a registered public limited Company engaged in the business of NBFC activities and registered as a NBFC with Reserve Bank of India. In addition the Company is also engaged in providing Travel and Tourism Services.

2.1. Previous year''s figures have been regrouped, recast and reclassified wherever necessary.

2.2. The Company has followed Prudential Norms for Income Recognition and Provisioning for Bad & Doubtful Assets as prescribed by the Reserve Bank of India for Non Banking Financial Companies during the year.

2.3. Related Party disclosures: (a) Name of Related Parties.

Associate Companies M/s. Dharani Sugars & Chemicals Ltd

M/s.Appu Hotels Ltd. M/s. PGP Educational & Welfare Society M/s. Dharani Credit and Finance Private Ltd M/s. PGP Hotels and Resorts India Private Ltd

Key Management Personnel Dr.Palani G Periasamy-Chairman

Mrs. Visalakshi Periasamy- Director Mr.KKandasamy- Managing Director

2.4. Other Income (Income - Finance Operations) includes Rs. 37,261/- received at the time of surrender of all the available Foreign Exchange as per Reserve Bank of India''s directions (previous year Rs.(66,568/-) representing income / (loss) from Forex operations in the status of Money Changer.

2.5. Lease Terminal adjustment account has been shown as a deduction from net block of Fixed assets as per the guidance note of ICAI.

2.6. Provision for Non- performing Assets as detailed below has been made as per RBI norms, and has been shown separately in the Balance Sheet.

2.7. Dues to Small- Scale Industrial undertakings

The company has no outstanding dues to small-scale industrial undertakings as on 31st March 2013and31st March 2012

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Mar 31, 2012

1. Background of the company

The company is a registered public limited company engaged in the business of NBFC activities and registered as a NBFC with Reserve Bank of India. In addition the company is also engaged in providing Travel and Tourism services.

2. SHARE CAPITAL

a) Terms/rights attached to equity shares

The company has only one class of equity shares having a par value of Rs. 10 per share. Each holder of equity shares is entitled to one vote per share. The company declares and pays dividends in Indian rupees.

During the year ended 31 March 2012, the amount of dividend recognized as distributions to equity shareholders was Rs. 34,98,040/- (31 March 2011: Rs. 24,98,600/-).

In the event of liquidation of the company, the holders of equity shares will be entitled to receive remaining assets of the company, after distribution of all preferential amounts.

3.1 Stock on hire is stated at agreement values less amounts received. Stock on hand (traded goods) are valued at lower of cost and market value.

In respect of certain vehicles financed under Hire Purchase Scheme, ownership has not been transferred in the name of hirers.

3.2 Rates & Taxes includes a sum of Rs. NIL being taxes paid in respect of earlier years (Rs. 6.64 Lakhs).

3.3 Previous year's figures have been regrouped, recast and reclassified wherever necessary.

3.4 The Company has followed Prudential Norms for Income Recognition and Provi- sioning for Bad & Doubtful Assets as prescribed by the Reserve Bank of India for Non Banking Financial Companies during the year.

3.5 Related Party disclosures (a) Name of Related Parties

Associate Companies M/s. Dharani Sugars & Chemicals Ltd

M/s. Appu Hotels Ltd. M/s. PGP Educational & Welfare Society Dharani Credit & Finance (P) Ltd PGP Hotels & Resorts India Private Ltd

Key Management Personnel

Dr.Palani G Periasamy - Chairman

Mrs. Visalakshi Periasamy - Director

Mr.K Kandasamy - Managing Director

3.6 Other Income (Income - Finance Operations) includes Rs. 66,568/- (previous year Rs. 3,901/-) representing increase in the rupee value of foreign currency held, in the status of Money Changer.

3.7 Lease Terminal adjustment account has been shown as a deduction from net block of Fixed assets as per the guidance note of ICAI.

3.8 Dues to Small-Scale Industrial undertakings

The company has no outstanding dues to small-scale industrial undertakings as on 31st March 2012 and 31st March 2011.

4. The Financial Statements for the year ended March 31, 2011 were prepared as per the then applicable, pre revised Schedule - VI to the Companies Act, 1956. The Financial Statements for the year ended March 31, 2012 have been prepared as per the revised Schedule - VI. Accordingly, the previous year's figures have been reclassified to conform to current year's classification.

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Mar 31, 2011

1. Stock on hire is stated at agreement values less amounts received.

In respect of certain vehicles financed under Hire Purchase Scheme, ownership has not been transferred in the name of hirers.

2. Rates & Taxes includes a sum of Rs. 6.64 lakhs being taxes paid in respect of earlier years (Rs. NIL)

3. Previous year's figures have been regrouped, recast and reclassified wherever necessary.

4. The Company has followed Prudential Norms for Income Recognition and Provisioning for Bad & Doubtful Assets as prescribed by the Reserve Bank of India for Non Banking Financial Companies during the year.

5. Related Party disclosures :

(a) Name of Related Parties.

Associate Companies M/s. Dharani Sugars and Chemicals Limited

M/s.Appu Hotels Limited

M/s. PGP Educational & Welfare Society

M/s.PGP Hotels & Resorts India Pvt. Ltd.

Key Management Personnel Dr.PalaniGPeriasamy-Chairman

Mrs. Visalakshi Periasamy- Director

Mr. K Kandasamy- Managing Director

6. Other Income (Income - Finance Operations) includes Rs. (3,901/-) (previous year - Rs.14,403/-) representing income/(loss) from Forex operations fn the status of Money Changer.

7. Lease Terminal adjustment account has been shown as a deduction from net block of Fixed assets as perthe guidance note of ICAI.

8. Disclosure as per AS - 15 (Revised) 'Employee benefits for the year ended 31.03.2011.

The present value of obligation towards compensated absences, as per actuarial certificate, as on 31.03.2011 was Rs. 3,50,645/- and is provided for in the books of accounts.

9. Dues to Small-Scale Industrial undertakings

The Company has no outstanding dues to small-scale industrial undertakings as on 31st March 2011 and 31st March 2010.

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Mar 31, 2010

1. Stock on hire is stated at agreement values less amounts received.

In respect of certain vehicles financed under Hire Purchase Scheme, ownership has not been transferred in the name of hirers.

2. Rates & Taxes includes a sum of Rs. Nil (Previous year - Rs. 8493/-) being the interest for delayed remittance of tax.

3. Previous years figures have been regrouped, recast and reclassified wherever necessary.

4. The Company has followed Prudential Norms for Income Recognition and Provisioning for Bad & Doubtful Assets as prescribed by the Reserve Bank of India for Non Banking Financial Companies during the year.

5. Related Party disclosures :

(a) Name of Related Parties.

Associate Companies M/s. Dharani Sugars and Chemicals Limited

M/s, Appu Hotels Limited

M/s. PGP Educational & Welfare Society

Key Management Personnel Dr.Palani G Periasamy - Chairman

Mrs. Visalakshi Periasamy - Director

Mr. K Kandasamy - Managing Director

6. Other Income (Income - Finance Operations) includes Rs. (14,403) (previous year - Rs. 1,09,279/-) representing income / (loss) from Forex operations in the status of Money Changer.

7. Lease Terminal adjustment account has been shown as a deduction from net block of Fixed assets as per the guidance note of ICAI.

8. Dues to Small- Scale Industrial undertakings The Company has no outstanding dues to small-scale industrial undertakings as on 31 st March 2010 and 31 st March 2009.