Notes to Accounts of Pulsar International Ltd.

Mar 31, 2024

1. Provision for Contingent Liabilities and Contingent Assets:

Provisions involving substantial degree of estimation in measurement are recognized when there is a present obligation as a result of past events and it is probable that there will be an outflow of resources. Contingent Liabilities are not recognized but are disclosed in the notes. Contingent Assets are neither recognized nor disclosed in the financial statements.

2. Miscellaneous Expenditure:

Pre-operative expenses are amortized over a period of five years.

3. Earning Per Share (EPS)

Sr. No.	Particulars	31.03.2024	31.03.2023
I	Net Profit/(Loss) after tax available for equity shareholder in Rupees	249.70	13.19
ii	Weighted average no of Equity Shares for basic and diluted EPS	64,90,000	30,00,000
iii	Nominal Value of Equity Shares in Rupees	10	10
iv	Basic / Diluted Earning per Share in Rupees	8.32	0.44

4. Contingent Liabilities: NIL (P.Y. NIL)

5. Related Party Disclosure under Accounting Standard 18 (AS 18):A) List of related parties as identified by the management are as under :

I) Enterprises that directly or indirectly control (through subsidiaries) or are controlled by or are under common control with the reporting enterprise : None

II) Associates, Joint Ventures of the reporting entity, investing party or venture in respect of which reporting enterprise is an associate or a joint venture : None

III) Individual owing, directly or indirectly an interest in voting power of reporting enterprise that gives them control or significant influence over the enterprise, and relative of any such individual : Nil

IV) Key Management Personnel (KMP) and their relatives;
Mr. Pankaj Panchal	Whole Time Director
Mr. Arvindkumar Parmar	Executive Director
Mr. Nitin Mistry	Company Secretary (up to 29.04.2024)
Mr. Vipul Panchal	Chief Financial Officer
Mr. Vikas Gohil	Executive Director

9. Deferred Tax Asset

In accordance with the provisions of Accounting Standard (AS22) issued by The Institute of Chartered Accountants of India pertaining to accounting of taxes on income, in view of the company not expecting any taxable profits in near future, no deferred tax asset is recognized. The details of the same areas under:

Particular	AS AT	AS AT
	31.03.2024	31.03.2023
Deferred Tax Liability	-	-
Deferred Tax Assets on account of :
Carried Forward Losses as per Income Tax	-	-
Net Deferred Tax Asset	-	-

10. Segment wise details, as required by AS-17 Segment Reporting are not furnished as the management is of the opinion that it does not have any geographical / business segment that is subject to different kind of risk, return or opportunities.

11. Previous year figures are given in bracket and have been regrouped / rearranged wherever necessary to make them comparable.

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Mar 31, 2023

4. Provision for Contingent Liabilities and Contingent Assets:

Provisions involving substantial degree of estimation in measurement are recognized when there is a present obligation as a result of past events and it is probable that there will be an outflow of resources. Contingent Liabilities are not recognized but are disclosed in the notes. Contingent Assets are neither recognized nor disclosed in the financial statements.

5. Miscellaneous Expenditure:

Pre-operative expenses are amortized over a period of five years.

7. Contingent Liabilities: NIL (P.Y. NIL)

8. Related Party Disclosure under Accounting Standard 18 (AS 18):

A) List of related parties as identified by the management are as under :

I) Enterprises that directly or indirectly control (through subsidiaries) or are controlled by or are under common control with the reporting enterprise : None

II) Associates, Joint Ventures of the reporting entity, investing party or venture in respect of which reporting enterprise is an associate or a joint venture : None

III) Individual owing, directly or indirectly an interest in voting power of reporting enterprise that gives them control or significant influence over the enterprise, and relative of any such individual : Nil

10. Segment wise details, as required by AS-17 Segment Reporting are not furnished as the management is of the opinion that it does not have any geographical / business segment that is subject to different kind of risk, return or opportunities.

11. Previous year figures are given in bracket and have been regrouped / rearranged wherever necessary to make them comparable.

As per our attached report on even date.

For H. G. Sarvaiya & Co For Pulsar International Limited

Chartered Accountants

Hasmukhbhai G. Sarvaiya Arvind Parmar Mahesh Shah

Proprietor Chairman Managing Director

Firm Regn no: 115705W DIN: 09356562 DIN: 00217516

Place: Mumbai Bhadresh Bhavsar Nitin Mistry

Date: 23.05.2023 Executive Director Company Secretary

DIN:07152836

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Mar 31, 2013

1 In accordance with Accounting Standard 22 "Accounting for Taxes on Income" issued by the Institute of

Chartered Accountants of India, the Company has accounted for deferred tax during die year. Consequently the deferred tax liability of Rs.2,83,405/- as on 31st March, 2013 has been recognized ( Previous year Rs. 3,28,639/-)

The deferred tax liability for the year amounting to Rs. 45,234/- which has been reversed, and has been recognized in the Profit and Loss Account.

2 In the absence of information regarding the status of micro, small and medium enterprises, as defined under "Micro, Small and Medium Enterprises Act, 2006" amounts overdue and remaining unpaid, if any, on account of principal and/or overdue interest at the close of the year to these suppliers could not be determined.

3 There are no transactions with related parties except for sitting fees paid Rs.6000/- to Mr.D. J. Engineer Director, Mr. K. V. Deliwala Rs.6000/-, Mr.N.J. Shah Rs.6000/- and Rs.6000/- to Mr.M.K.Deliwala Chairman.

4 Figures for previous year have been regrouped where considered necessary and practicable

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Mar 31, 2010

1 In accordance with Accounting Standard 22 "Accounting for Taxes on Income" issued by the Institute of Chartered Accountants of India, the Company has accounted for deferred tax during the year. Consequently the deferred tax liability of Rs.4,55,484/- as on 31st March, 2010 has been recognized (Previous year Rs. 5,38,095/-)

The deferred tax liability for the year amounting to Rs. 82,610/- which has been reversed, and has been recognized in the Profit and Loss Account.

2 In the absence of information regarding the status of micro, small and medium enterprises, as defined under "Micro, Small and Medium Enterprises Act, 2006" amounts overdue and remaining unpaid, if any, on account of principal and/or overdue interest at the close of the year to these suppliers could not be determined.

3 There are no transactions with related parties except for sitting fees paid Rs. 7,500/- to Mr. S. C. Deliwala Director and Rs. 7500/- to Mr. M. K. Deliwala Chairman.

4 Figures for previous year have been regrouped where considered necessary and practicable.

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Mar 31, 2009

1. In accordance with Accounting Standard 22 "Accounting for Taxes on Income" issued by the Institute of Chartered Accoun- tants of India, the Company has accounted for deferred tax during the year. Consequently the deferred tax liability of Rs. 5,38,095/ - as on 31st March. 2009 has been recognized ( Previous year Rs. 6,34,977/-)

2 In the absence of information regarding the status of micro, small and medium enterprises, as defined under "Micro, Small and Medium Enterprises Act, 2006" amounts overdue and remaining unpaid, if any, on account of principal and/or overdue Interest at the close of the year to these suppliers could not be determined.

3 There are no transactions with related parties except for sitting fees paid Rs.7000/- to Mr.S. C. Deliwala Director and Rs.7000/- to Mr.M.K.Deliwala Chairman.

4 Figures for previous year have been regrouped where considered necessary and practicable.