Notes to Accounts of Empower India Ltd.

Mar 31, 2024

j) Provisions and Contingent Liabilities:

A provision is recognized when the Company has a present obligation (legal or constructive) as a result of past events, it is probable that an outflow of resources will be required to settle the obligations. These estimates are reviewed at the end of each reporting period and are adjusted to reflect the current best estimates.

Contingent liabilities are disclosed when there is a possible obligation arising from past events, the existence of which will be confirmed only by the occurrence or non-occurrence of one or more uncertain future events not wholly within the control of the Company or a present obligation that arises from past events where it is either not probable that an outflow of resources will be required to settle the obligation or a reliable estimate of the amount cannot be made.

k) Employee Benefits:

The accounting of employee benefits in the nature of defined benefit requires the Company to use assumptions. Liabilities for wages and salaries, including non-monetary benefits are expected to be settled within 12 (Twelve) months after the end of the period in which the employees render the related services.

l) Lease:

Identification of a lease requires significant judgement. The Company evaluates if an arrangement qualifies to be a lease as per the requirements of Ind AS 116.

The Company determines the lease term as the non-cancellable period of a lease, together with both periods covered by an option to extend the lease if the Company is reasonably certain to exercise that option; and periods covered by an option to terminate the lease if the Company is reasonably certain not to exercise that option. In assessing whether the Company is reasonably certain to exercise an option to extend a lease, or not to exercise an option to terminate a lease, it considers all relevant facts and circumstances that create an economic incentive for the Company.

m) Inventories:

The Company''s business/operations do not carry any inventory, hence reporting is not applicable for the year 2023 -24.

n) Trade Receivable:

Trade receivables are recognized at fair value, the outstanding balances of sundry debtors, advances etc. are verified by the management periodically and on the basis of such verification management determines whether the said outstanding balance are good, bad or doubtful and accordingly same are written off or provided for.

Receivables that are expected in one year or less, are classified as current assets, if not they are presented as noncurrent assets.

o) Cash Flow Statement:

Cash flows are reported using the indirect method, whereby profit for the period is adjusted for the effects of transactions of a non-cash nature any deferrals or accruals of past or future operating cash receipts or payments and item of income or expenses associated with investing or financing cash flows. The cash flows from operating, investing and financing activities of the Company are segregated.

For the purpose of presentation in the Statement of Cash Flows, cash and cash equivalents includes cash in hand and Balances with Banks.

p) Cash and cash equivalents:

Cash and cash equivalents in the balance sheet comprise cash at banks and on hand and short-term deposits with an original maturity of three months or less, which are subject to an insignificant risk of changes in value are unrestricted for withdrawal and usage.

For the purpose of the statement of cash flows, cash and cash equivalents consist of cash and short-term deposits, as defined above, net of outstanding bank overdrafts as they are considered an integral part of the Company''s cash management.

q) Investments:

The investments are valued at fair market value and are therefore reported as per relevant Ind AS-113 and Comprehensive Income consequent to the effect has been reported in Standalone Financial Statements.

The Company uses valuation techniques that are appropriate in the circumstances and for which sufficient data are available to measure fair value.

r) Share Capital:

Ordinary shares are classified as equity. Every holder of the equity shares, as reflected in the records of the Company as at the date of the shareholder meeting shall have one vote in respect of each share held for all matters submitted to vote in the shareholder meeting.

The Company has obtained the approval of shareholders by passing of Special Resolution through Postal Ballot on 13^th March, 2024 to issue upto 36,00,00,000 (Thirty Six Crores) Convertible Equity Warrants ("Warrants") with each warrant convertible into 1 (one) fully paid up equity share of the company of Rs. 1/- (Rupee One Only) each. The Warrants are yet to be allotted.

s) Earnings per Share:

Basic earnings per share: is calculated by dividing the net profit for the period attributable to equity shareholders by the weighted average number of equity shares outstanding during the financial year. Earnings considered in ascertaining the company''s earnings per share is the net profit for the period after deducting any attributable tax thereto for the period. The weighted average number of equity shares outstanding during the period and for all periods presented is adjusted for events, such as bonus shares, other than the conversion of potential equity shares that have changed the number of equity shares outstanding, without a corresponding change in resources.

Diluted Earnings per share: For the purpose of calculating diluted earnings per share, the net profit or loss for the period attributable to equity shareholders and the weighted average number of shares outstanding during the period is adjusted for the effects of all dilutive potential equity shares.

t) Borrowings:

Borrowings are initially recognised at fair value, net of transaction costs incurred. Any difference between the proceeds (net of transaction costs) and the redemption amount is recognised in statement of profit or loss over the period of the borrowings.

Borrowings are removed from the balance sheet when the obligation specified in the contract is discharged, cancelled or expired. Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least 12 months after the reporting period.

u) Borrowings Cost:

Borrowing costs directly attributable to the acquisition, construction or production of an asset that necessarily takes a substantial period of time to get ready for its intended use or sale are capitalized as part of the cost of the asset. All other borrowing costs are expensed in the period in which they occur.

The Company ceases capitalising borrowing costs when substantially all the activities necessary to prepare the qualifying asset for its intended use or sale are complete.

v) Trade payables:

These amounts represent liabilities for goods that have been acquired in the ordinary course of business from suppliers. Trade payables are presented as current liabilities unless payment is not due within 12 months after the reporting period.

w) Employee Benefits:

The accounting of Employee benefits, having nature of defined benefit is based on assumptions. Contribution to defined benefits is recognised as expense when employees have rendered services entitling them to avail such benefits.

x) Financial Instruments and Risk Review:

The Company''s principal Financial Assets include investments, trade receivables, cash and cash equivalents, other bank balances and loan. The Company''s financial liabilities comprise of borrowings and trade payables.

y) Foreign Currency Transactions:

During the period under review, there were no Foreign Currency Transactions entered by the Company, Therefore reporting is not applicable.

z) Retained earnings:

Retained earnings comprises of the Company''s undistributed earnings after taxes.

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Mar 31, 2023

d) Buyback of shares and shares allotted by way of

The Company has not allotted any fully paid-up equity shares by way of bonus shares nor has it bought back any class of equity shares during the period of five years immediately preceding the balance sheet date nor has it issued shares for consideration otf =r than cash.

e) Terms/Rights attached to equity shares

i) The Company has only one class of share capital,i.e.equity shares having face value of Re.1/- per share. Each holder of equity share is entiltled to o e vote per share, The equity shareholders are entitled to receive dividends as and when declared.

ii) In the event of liquidation of the Company,the holders of equity shares will be entiteld to receive remaining assets of the Company,after distributio of all prefrencial amounts.The distribution will be in proportion to the no.of equity shares held by the shareholder.

Fair value hierarchy

Level 1 - Quoted prices (unadjusted) in active markets for identical assets or liabilities.

Level 2 - Inputs other than quoted prices include within Level 1 that are observable for the asset or liability, either directly (i.e. as prices) or indirectly (i.e. derived from prices).

Level 3 - Inputs for the assets or liabilities that are not based on observable market data (unobservable inputs).

(*) The fair value of these investment in equity shar s are calculated based on discounted cash flow approach for un-quoted market instruments which are classified as level III fair value hierarchy.

(^A) The carrying value of these accounts are considered to be the same as their fair value, due to their short term nature. Accordingly, these are classified as level 3 of fair value hierarchy.

33 Financial risk management

The Company has exposure to following risks arising from financial instruments- credit risk

- market risk

- liquidity risk

(a) 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 idenitfy and analyse the risks faced by the Comp ny, to set appropriate risk limits and controls and to monitor risks and adherence to limits. Risk management policies and systems are reviewed regulalrly to reflect changes in market conditions and the Company''s activities.

(b) Credit risk

Credit risk is the risk that counter party will not meet its obligations under a financ al instruments or customer contract leading to a financial loss. The Company is exposed to credit risk from its operating activities (primarily trade receivables) from its financing activitie including deposits with banks and investment in quoted and un-quoted equity instruments.

i) Trade and other receivables:

Credit risk is managed by each business unit subject to the Company’s establis ;d policy, procedures and control relating to customer cred! risk management. Outstanding customer receivables are regularly monitored.

The impairment analysis is performed at each reporting date on an individual basi for major customers. In addition, a large number of minor receivables are grouped into homogeneous Expected credit loss (ECL) assessment for corporate customers as at 31 M irch 2023 and 31 March 2022

The Company allocates each exposure to a credit risk grade based on a variety f data that is determined to be predictive of the risk of loss (including but not limited to past payment history, security by way of deposits, external ratings, audited financial statemen , management accounts and cash flow projections and available press information about customers)

ii) Other financial assets and deposits with banks:

Credit risk on cash and cash equivalent is limited as (including bank balances, fixe deposits and margin money with banks) the Company generally transacts with banks with high credit ratings assigned by international and domestic credit rating agencies.

(c) Market Risk Equity price risk

The Company is exposed to equity price risk from investments in equity securiti s measured at fair value through profit and loss. The Management monitors the proportion of equity securities in its investment portfolio based on market indices and based on comp ny performance for un-equity instruments. Material investments within the portfolio are managed on an individual basis and all buy and sell decisions are approved by the Board of Directors. Further, major investments in un-quoted equity instruments are strategic in nature and hence

Interest rate risk

Interest rate risk is the risk that the future cash flows of a financial instrumen will fluctuate because of changes in market interest rates. The Company''s exposure to the risk of changes in market interest rates relates primarily to its short term borrowings in nature of working capital loans, which carry floating interest rates. Accordingly, the Company''s risk of changes in interest rates relates primarily to the Company’s debt obligations with floating interest rates.

(d) Liquidity Risk

Liquidity is the risk that the Company will encounter difficulty in meeting the ob gations associated with its financial liabilities that are settled by delivering cash or another financial asset. The Company''s approach to managing the liquidity is to ensure, as far as possible, that it will have sufficient liquidity to meet its liabilities when they are due, under both normal and stressed conditions, without incurring unacceptable losses or risking damage o the Company''s reputation.

The Company’s principal sources of liquidity are cash and cash equivalents a the cash flow that is generated from operations. The Company believes that the cash and cash equivalents is sufficient to meet its current requirements. Accordingly no liquidity risk is perceived.

35 The company has availed the facility from M/s IL & FS Financial Services Ltd during F.Y. 2017-2018 and the same was advanced to Sikar Bikaner Highway Limited and ITNL Road Infrastructure Development Company Limited (a subsidiary of IL & FS Transportation Networks Limited) vide agreement dated 31/03/2018. In June 2018, the problems in IL & FS Group surfaced as a result Sikar Bikaner Highway Limited and ITNL Road Infrastructure Development Company Limited were unable to service its obligations. In light of the above developments the complete transaction was restructured as under:

The obligation of ITNL Road Infrastructure Development Company Limited was taken over IL & FS Transportation Networks Limited vide assignment deed dated 07/09/2018 which was further transferred to Srinagar Sonamarg Tunnelway Limited (a subsidiary of IL & FS Transportation Limited) vide assignment deed dated 22/09/2018.

The insolvency proceedings have been initiated against the IL & FS group. Pursuant to the Order passed by Hon’ble National Company Law Tribunal the IL & FS Group are under moratorium. The claim by IL & FS Financial Services Limited is being contested by the Company before Hon’ble National Company Law Tribunal.

As the claim of IL & FS Financial Services Limited and the company’s claim against Sikar Bikaner Highway Limited and Srinagar Sonamarg Tunnelway Limited are dependent upon the

36 CSR Activity

As per the Companies Act, 2013, all companies having a net woth of Rs. 500 crore or more, or a turnover of Rs. 1000 crore or more or a net profit of Rs. 5 crore or more during any financial year are required to constiture a CSR Committee of the Board of Director comprising three director. All such companies are requaired to spend at least 2% of the average net profit of their three immediately preceding financial years on CSR-related activities. Accordingly, the Company was not required to spend amount towards CSR activities.

³⁷ Balances in the accounts of debtors, creditors and con-tracts and contractors, certain Bank Accounts are taken subject to confirmation and reconciliation and only upon such confirmation and reconciliation, the entries for discounts, claims and writing off sundry balances etc. will be recorded in the books.

38 In the absence of detailed information from Small Scale and Ancillary Undertaking, included under the head Sundry Creditors dues there from are not ascertained as on the date of Balance Sheet.

39 Other Information

i) In the opinion of the management, the current assets and loans & advances are approximately of the value stated, if realised / paid in the ordinary course of business. The provisions for all known liabilities is adequte and is not in excess of amounts considered reasonably necessary.

ii) Balances grouped under non current Liabilities, Current Assets , and Non current assets in certain cases are subject to confirmation and reconcillation from respective parties, impect of the same , if any , shall be accounted as when determined.

40 Other information required under part I and Part II of schedule III of Companies Act 2013, are either NIL or NOT Applicable

41 The previous year figures have been regrouped, rearranged wherever necessary.

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Mar 31, 2018

32 First-time adoption

Transition to Ind AS

These are the Company''s first separate financial statements prepared in accordance with Ind AS.

The accounting policies set out in Note 2 have been applied in preparing the financial statements for the year ended March 31, 2018, the comparative information presented in these financial statements for the year ended March 31, 2017 and in the preparation of an opening Ind AS balance sheet at April 1, 2016 (the Company''s date of transition). In preparing its opening Ind AS balance sheet, the Company has adjusted the amounts reported previously in financial statements prepared in accordance with the accounting standards notified under Companies (Accounting Standards) Rules, 2006 (as amended) and other relevant provisions of the Act (previous GAAP or Indian GAAP). An explanation of how the transition from previous GAAP to Ind AS has affected the Company''s financial position, financial performance and cash flows is set out in the following tables and notes.

A) Ind AS optional exemptions availed

Set out below are the applicable Ind AS 101 optional exemptions and mandatory exceptions applied in the transition from previous GAAP to Ind AS.

i) Deemed cost

Ind AS 101 permits a first-time adopter to elect to continue with the carrying value for all of its property, plant and equipment as recognized in the financial statements as at the date of transition to Ind AS, measured as per the previous GAAP and use that as its deemed cost as at the date of transition after ma king necessary adjustments for de-commissioning liabilities.

Accordingly, the company has elected to measure all of its property, plant and equipment at their previous GAAP carrying value. No fair valuation will be done for any assets

B) Ind AS mandatory exceptions

i) Estimates

An entity estimates in accordance with Ind AS at the date of transition to Ind AS shall be consistent with estimates made for the same date in accordance with previous GAAP (after adjustments to reflect any difference in accounting policies), unless there is objective evidence that those estimates were in error.

Ind AS estimates as at 1 April 2016 a re consistent with the estimates as at the same date made in conformity with previous GAAP.

ii) Classification and measurement of financial assets and financial liabilities

Ind AS 101 requires an entity to assess classification and measurement of financial assets and financial liabilities on the basis of the facts and circumstances that exist at the date of transition to Ind AS.

C. Reconciliations between previous GAAP and Ind AS

Ind AS 101 requires an entity to reconcile equity, total comprehensive income and cash flows for prior periods. The following tables represent the reconciliations from previous GAAP to Ind AS.

Reconciliation of equity as at March 31, 2017 and as at the date of transition

[in Rs.]

	Previous GAAP*	Adjustments	IND AS	Previous GAAP*	Adjustments	IND AS
Assets
Non Current Assets
Property, plant and equipment	11,99,993.00		11,99,993.00	23,99,985.00		23,99,985.00
Other intangible assets	-	-			-	-
Financial assets
i. Investments	2,73,49,27,421.00		2,73,49,27,421.00	2,68,99,63,121.00		2,68,99,63,121.00
ii. Loans	12,38,24,868.00	-	12,38,24,868.00	11,77,55,668.00	-	11,77,55,668.00
Other non-current assets	85,05,58,315.00		85,05,58,315.00	78,29,29,107.00		78,29,29,107.00
Total non-current assets	3,71,05,10,597.00		3,71,05,10,597.00	3,59,30,47,881.00		3,59,30,47,881.00
Current assets
Inventories	4,66,75,302.00		4,66,75,302.00	3,82,47,591.00		3,82,47,591.00
Financial assets
i. Trade receivables	54,13,882.00		54,13,882.00	54,13,882.00		54,13,882.00
ii. Cash and cash equivalents	6,74,561.00		6,74,561.00	7,24,434.00		7,24,434.00
iii. Loans	-		-	-		-
Other current assets	9,01,414.00		9,01,414.00	9,05,563.00		9,05,563.00
Total current assets	5,36,65,159.00	-	5,36,65,159.00	4,52,91,470.00	-	4,52,91,470.00
Total Assets	3,76,41,75,756.00	-	3,76,41,75,756.00	3,63,83,39,351.00	-	3,63,83,39,351.00
EQUITY AND LIABILITIES
Equity
Equity share capital	1,16,37,98,560.00		1,16,37,98,560.00	1,16,37,98,560.00		1,16,37,98,560.00
Other equity
Reserves and surplus	2,22,40,18,894.00		2,22,40,18,894.00	2,22,26,29,930.00		2,22,26,29,930.00
Total equity	3,38,78,17,454.00	-	3,38,78,17,454.00	3,38,64,28,490.00	-	3,38,64,28,490.00
						I
LIABILITIES						I
Non-current liabilities
Financial Liabilities
Deferred tax liabilities (Net)	3,04,702.00		3,04,702.00	1,78,185.00		1,78,185.00
Total non-current liabilities	3,04,702.00		3,04,702.00	1,78,185.00	-	1,78,185.00
Current liabilities
Financial liabilities
Borrowings
Trade payables	37,41,59,293.00	-	37,41,59,293.00	24,97,59,660.00	-	24,97,59,660.00
Provisions	18,94,307.00		18,94,307.00	19,73,016.00	-	19,73,016.00_
Total current liabilities	37,60,53,600.00		37,60,53,600.00	25,17,32,676.00	-	25,17,32,676.00
Total liabilities	37,63,58,302.00		37,63,58,302.00	25,19,10,861.00		25,19,10,861.00
Total equity and liabilities	3,76,41,75,756.00	-	3,76,41,75,756.00	3,63,83,39,351.00	-	3,63,83,39,351.00

* The previous GAAP figures have been reclassified to conform to Ind AS presentation requirements for the purposes of this note.

			[in Rs.]
D. Reconciliation of total comprehensive income for the year ended March 31, 2017	Previous GAAP*	Adjustments	IN DAS
Revenue from operations	90,36,25,872.00	-	90,36,25,872.00
Other income	-	-	-
Total income	90,36,25,872.00	-	90,36,25,872.00
Expenses
Purchases of stock-in-trade	90,55,17,622.00	-	90,55,17,622.00
Changes in inventories of work-in-progress, stock-in-trade and finished goods	(84,27,711.00)	~	(84,27,711.00)
Employee benefit expense	9,07,690.00		9,07,690.00
Depreciation and amortization expense	11,99,992.00	-	11,99,992.00
Other expenses	21,42,946.00	-	21,42,946.00
Finance costs	17,390.00		17,390.00
Total expenses	90,13,57,929.00	-	90,13,57,929.00
Profit before tax	22,67,943.00	-	22,67,943.00
Income tax expense
Current tax	7,52,462.00	-	7,52,462.00
Deferred Tax	1,26,517.00	-	1,26,517.00
Total tax expense	8,78,979.00	-	8,78,979.00
Profit for the year	13,88,964.00	-	13,88,964.00
Other comprehensive income	-	-	-
Other comprehensive income for the year, net of tax	-	-	-
Total comprehensive income for the year	13,88,964.00	-	13,88,964.00

* The previous GAAP figures have been reclassified to conform to Ind AS presentation requirements for the purposes of this note.

G. Impact of Ind AS adoption on the statements of the cash flow

For the year ended March 31, 2017	Previous Adjustments GAAP		Ind AS
Net cash flow from operating activities	3,64,54,628.00	-	3,64,54,628.00
Net cash flow from investing activities	(3,65,04,500.00)	-	(3,65,04,500.00)
Net cash flow from financing activities	-	-	-
Net increase/fdecrease) in cash and cash equivalents	(49,872.00)	-	(49,872.00)
Cash and cash equivalents as at April 01, 2016	7,24,433.00	-	7,24,433.00
Cash and cash equivalents as at March 31, 2017	6,74,561.00 ''		6,74,561.00

For Deepak C Agarwal & Associates
Chartered Accountants	For and on behalf of the Board of Directors
Firm Registration No: 140967W
sd/-		sd/-	sd/-
Deepak Agarwal		Director	Director
Partner/ Proprietor		Zulfeqar Khan	Rajgopalan lyengar
Membership No : 165938		DIN:00020477	DIN:00016496
Place: Mumbai
Date: May 29, 2018

		[in Rs.]
E. Reconciliation of total equity as at March 31, 2017 and April 01, 2016	March 31, 2017	April 01, 2016
Total equity (Shareholder''s funds) as per previous GAAP	3,38,78,17,454.00	3,38,64,28,490.00
Adjustments:	.
Total Equity as per IND AS	3,38,78,17,454.00	3,38,64,28,490.00
F. Reconciliation of total comprehensive income as at March 31, 2017		March 31, 2017
Profit after tax as per previous GAAP		13,88,964.00
Adjustments:		-
Profit after tax as per Ind AS Other comprehensive income		13,88,964.00
Total Other comprehensive income as per Ind AS		13,88,964.00

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Mar 31, 2014

1.1 Contingent Liabilities & Comments:

a) Guarantee Given by the Company''s banker as at March 31, 2014 is Rs.NIL (previous year : Rs. NIL )

1.2 Related Party Transaction a) Key Managerial Person:-

Mangesh Gurav - Director

Kiran Thakore - Director

Kiran Jethalal Soni - Director

Nikhil Pednekar - Director

Ninad Deshmukh - Director

Rajgopalan Iyenger - Director

Rajesh Lavekar - Director

Vinod Shinde - Director

Prakash Naik - Director

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Mar 31, 2012

* The Company has not received any memorandum (as required to be filed by the Supplier with the notified authority under the Micro, Small and Medium Enterprises Development Act, 2006) claiming their status as on 31st March 2012 as Micro, Small or Medium Enterprises. Consequently the amount paid / payable to these parties during the year is NIL.

(a) * The provision of all known liabilities is adequate and not in excess of the amount reasonably necessary.

(b) Current liabilities do not include any amount to be credited to investor education and protection fund.

1.1: Contingent Liabilities & Comments

a ) Guarantee Given by the Company''s Banker as at March 31, 2012 is Rs.NIL ( previous year : Rs. NIL )

1.2 : Quantitative Particulars a ) Capacities : -

License Capacity -- Not Applicable

Install Capacity -- Not Applicable

1.3 Related Party Transaction

a) Key Managerial Person

Devang Master - Director

Mangesh Gurav- Director

Suhas Ganpule- Director

1.4 The previous year figures have been regrouped, rearranged wherever necessary.

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Mar 31, 2009

1) The various balances (Debit and Credit) appearing in the Balance sheet are unconfirmed and are stated as certified by the Management and as recorded in the Books. This includes balances of few banks.

2) Sundry Debtors, Creditors, Loans & Advances are stated at the ordinary course of business. In case of irrecoverable, un-reconciled, inter party transfer, debit note, credit note of sundry debtors, creditors, loans & advances, are stated as per managements judgments/decision, final settlement of accounts with the parties are subject to confirmation.

3) As per information and explanation given by the Management, Advances given to various parties are in nature of interest free advances, hence no interest has been provided during the year. We are further informed that during the year no loans and advance have been given to any director/s, relatives and under the same management concerns directly or indirectly.

4) Expenditure in respect of which third party evidences were not produced for our verification, are verified from vouchers prepared and certified by the management and as recorded in the books.

5) The company has not raised any money by public issue during the year. During the year, the Company raised US$2002160.58 by issuing 493143 Global Depository Receipts (GDR) 1 GDR=10 Equity Shares ) by allotting 4931430 Nos equity shares each of Re.l/- at a premium of Rs. 16.50/- per equity share. Hence paid up share capital has increased by Rs.4931430/- and share premium account by Rs.81368595/- A sum of USD$2002160.58 is lying in FD Account with, European American Investment Bank AG Vienna ( Austria ). The same has been accounted at prevailing currency rate.

6) GDR issue expenses has been written off over a period of five years.

7) Details of Opening & closing stocks of goods along with Purchases & sales of goods traded in by the Company.

8) Remuneration Paid to the Directors is Rs. 762038/- (Previous Year -Rs. 708600/-)

9) The Company did not have any transactions with small scale industrial (SSI) undertaking during the year ended march 31s, 2009 and hence there are no amount due to such undertaking the identification of SSI undertaking is based on the managements knowledge of their status.

The Company has not received any information from the suppliers regarding their status under the Micro, Small and Medium Enterprises development Act 2006 and hence disclosures if any, relating to amount unpaid as at the year end together with interest paid/payable as required under the said Act have not been furnished.

10) Previous year figures are rearranged and regrouped wherever necessary.