Notes to Accounts of Tatia Global Vennture Ltd.

Mar 31, 2024

CONTINGENT LIABILITIES
Particulars	2023-24	2022-23
Claims against the Company not acknowledged as debts relating to: - Customs duty matters relating to FY 1994-95	15.84	15.84
-Companies Act matters relating to Section 118(10) for the FY 2015-16	0.35	-
-Companies Act matters relating to Section 134(5)(A) for the FY 2015-16	12.00	-

The Company has received the Order of Adjudication of Penalty under Section 454 of the Companies Act, 2013 read with Rule 3 of the Companies (Adjudication of Penalties) Rules, 2014 for violation of Section 118(10) and Section 134(5)(A)of the Companies Act, 2013 read with Rule 8 and 8A of the Companies (Accounts) Rules,2014, issued by the Adjudicating Officer in the second week of January 2024.The penalty imposed on the Company, its Managing Director and Chief Financial Officer for violation of Section 118(10)was Rs.35,000/- and for violation of Section 134(5)(A) was Rs. 12,00,000/- and the penalty has been levied for every year of violation.The Company, being aggrieved by the Order of Adjudication of Penalty passed by the Adjudicating Officer, filed a Memorandum of Appeal in Form ADJ dated January 25,2024 to the Regional Director, South Chennai having jurisdiction in the said matter and hearing of the same was held on February 27, 2024.The Regional Director considered the Appeal of the Company and reduced the penalty to 15% i.e., Rs.5,250/- on Section 118(10) and Rs.1,80,000/- on Section134(5)(A).Since the

Company is liable to pay the penalty imposed by the Regional Director within a period of ninety days from the date of the receipt of the copy of the order, the Company vide letter dated March 07, 2024, has requested for issue of detailed order in this regard for further course of action.

PERSONNEL

During the year under review, no employee was in receipt of remuneration in excess of limits laid down under the companies act other than below. There are no employees employed throughout the financial year were in receipt of remuneration which in aggregate was more that Rs.60,00,000/- per annum or Rs.500,000/- per month.

DUES TO SME’S

Management has determined that there were balances outstanding at the beginning of the year and transactions have been entered with micro, small and medium enterprises as defined under Micro, Small and Medium Enterprises Development Act, 2006. During the current year the outstanding amount is 0.58 (Lakhs) based on the information available with the company as at March 31, 2024.

CASH AND CASH EQUIVALENTS (FOR PURPOSES OF CASH FL OW STATEMENT

Cash comprises cash on hand and demand deposits with banks. Cash equivalents are short-term balances, (with original maturity of three months or less from the date of acquisition), highly liquid investments that are readily convertible into known amounts of cash and which are subject to insignificant risk of changes in value.Cash flows are reported using the indirect method, whereby profit / (loss) before extraordinary items and tax is adjusted for the effects of transactions of noncash 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.

LEASES

The Company’s lease assets consist of leases for buildings. The Company assesses whether a contract contains a lease, at inception of a contract. A contract is, or contains, a lease if the contract conveys the right to control the use of an identified asset for a period of time in exchange for consideration. To assess whether a contract conveys the right to control the use of an identified asset, the Company assesses whether: (i) the contract involves the use of an identified asset (ii) the Company has substantially all of the economic benefits from the use of the asset through the period of the lease and (iii) the Company has the right to direct the use of the asset.

At the date of commencement of the lease, the Company recognizes a right-to-use asset and a corresponding lease liability for all lease arrangements in which it is a lessee, except for leases with a term of twelve months or less (short-term leases) and low value leases. For these short term and low value leases, the Company recognizes the lease payments as an operating expense on a straightline basis over the term of the lease. The right-to-use asset is initially recognised at cost which comprises of the initial amount of lease liability adjusted for lease payments made or prior to commencement date plus any direct cost i.e. lease incentives. They are subsequently measured at cost less accumulated depreciation and impairment loss if any. The Company applies the short-term lease recognition exemption to its short-term leases of Buildings (i.e., those leases that have a lease term of 12 months or less from the commencement date and do not contain a purchase option). Lease payments on short-term leases are recognised as expense on a straight-line basis over the lease term.

CAPITAL MANAGEMENT

For the purpose of the Company’s Capital management, capital includes equity capital and all other reserves. The Company’s capital management objective is to maximize the total shareholder return by optimizing cost of capital through flexible capital structure that supports growth. The Company manages its capital structure and makes adjustment in the light of changes in economic conditions and the requirements of the financial covenants. To maintain or adjust the capital structure, the Company may adjust the dividend payment to shareholders, return capital to shareholders or issue new shares.

The Company monitors capital using a gearing ratio, which is net debt divided by total capital plus net debt. The Company includes within net debt, interest bearing loans and borrowings less cash and short-term deposits.

FINANCIAL RISK MANAGEMENT

In course of its business, the Company is exposed to certain financial risks that could have significant influence on the Company’s business and operational / financial performance. These include market risk including interest rate risk and equity price risk), credit risk and liquidity risk. The Board of Directors reviews and approves risk management framework and policies for managing these risks and monitors suitable mitigating actions taken by the management to minimize potential adverse effects and achieve greater predictability to earnings. In line with the overall risk management framework and policies, the treasury function provides services to the business, monitors and manages through an analysis of the exposures by degree and magnitude of risks. Borrowings, trade payables and other financial liabilities constitute the Company''s primary financial liabilities and investment in unquoted equity shares, trade receivables, loans, cash and cash equivalents and other financial assets are the financial assets.

OTHER FINANCIAL ASSETS

Credit risk refers to the risk of default on the other financial assets to the Company that may result in financial loss. The maximum exposure from other financial assets amounting to Rs.536.54 lakhs as of March 31, 2024 (Rs. 523.83 lakhs as of March 31, 2023).

Other financial assets mainly constitute receivable from Corporate Borrowers. Credit risk is being managed through credit approvals, establishing credit limits and monitoring the creditworthiness of customers to allow credit terms in the normal course of business. In the case of the Company, the credit period offered varies between 30 to 60 days and there have been no significant cases of impairment historically.

CASH AND CASH EQUIVALENTS AND DEPOSITS WITH BANKS

The credit risk on cash and bank balances is limited because the counterparties are banks with high credit ratings. Therefore, the risk of default is considered to be insignificant.

The financial instruments are categorised into three levels based on the inputs used to arrive at fair value measurements as described below:

Level 1: Quoted prices (unadjusted) in active markets for identical assets or liabilities;

Level 2: Inputs other than the quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly; and Level 3: Inputs based on unobservable market data.

PROVISION FOR EXPECTED CREDIT LOSSESFINANCIAL ASSETS FOR WHICH LOSS ALLOWANCE IS MEASURED USING LIFE TIME

EXPECTED CREDIT LOSSES

The Company''s main customer base is Corporate Borrowers. Historically the risk of default has been negligible or nil. Further, management believes that the unimpaired amounts that are past due by more than 60 days are still collectible in full, based on historical payment behavior and extensive analysis of customer credit risk. Hence, no impairment loss has been recognized during the reporting periods in respect of trade receivables.

LIQUIDITY RISK

The objective of liquidity risk management is to maintain sufficient liquidity and ensure that funds are available for use as per requirements. The Company manages liquidity risk through cash credit limits and undrawn borrowing facilities by continuously monitoring forecast and actual cash flows. The Company invests its surplus funds in bank fixed deposit which carry minimal mark to market risks.

MATURITIES OF FINANCIAL LIABILITIES

The following are the contractual maturities (principal and interest in the case of loan) of nonderivative financial liabilities, based on contractual cash flows.

MARKET RISK

Market risk is the risk that the fair value or future cash flows of a financial instrument will fluctuate because of changes in market prices. Market risk for the entity comprises two types of risk: currency risk, interest rate risk and equity price risk. Financial instruments affected by market risk include borrowings and investment in unquoted equity shares. The objective of market risk management is to manage and control market risk exposures within acceptable parameters, while optimizing the return.

CURRENCY RISK

The Company is not exposed to any currency risk since it does not has any transactions in any foreign currency.

SENSITIVITY ANALYSIS

Since the company is not exposed to any currency risk, sensitivity analysis is not applicable.

FAIR VALUE SENSITIVITY ANALYSIS FOR FIXED-RATE INSTRUMENTS

The company’s fixed rate instruments are carried at amortized cost. They are therefore not subject to interest rate risk, since neither the carrying amount nor the future cash flows will fluctuate because of a change in market interest rates.

EQUITY PRICE RISK

Equity price risk is related to the change in market reference price of the investments in quoted equity securities. In the case of the Company, the sole investment in equity shares is unquoted and does not expose the Company to equity price risks, however there can be changes in the equity price based on valuations done at different reporting periods owing to the operations and general business environment in which the investee operates. In general, the investment is not held for trading purposes.

EQUITY PRICE SENSITIVITY ANALYSIS

A 1% change in prices of equity instruments held as at March 31, 2024 and March 31, 2023 would result in an increase / decrease of Rs.7.53 Lakhs and Rs.7.02 Lakhs in fair value of the equity instrument respectively.

BORROWINGS FROM BANKS & FINANCIAL INSTITUTIONS

The Company doesn’t have any borrowings from Banks/Financial Institutions and no corresponding report is required to be filed in relation to the same.

RECEIVABLES AND PAYABLES

The receivables and payables as stated in Current Assets and Current Liabilities and in the opinion of the management have a value and realization equal to the amount at which they are stated in the Balance Sheet and no provision for doubtful debts has been made by the Company for the year ending March 31, 2024.

RECEIVABLES UNDER FINANCING ACTIVITY AND PROVISIONING/WRITE-OFF OF ASSETS

The Company doesn’t have any Receivables under financing activity and the provisioning/write off of assets is NIL and hence no report is required to be filed in relation to the same.

BENAMI TRANSACTIONS/PROPERTY

No proceedings have been initiated during the year or are pending against the Company as at March 31, 2024 for holding any Benami property under the Benami Transactions (Prohibition) Act, 1988 (as amended in 2016) and rules made thereunder.

REGISTRATION OF CHARGE CREATION ON PROPERTY

The company has no charge on its receivables and hence, there are no related registration compliances involved.

UNDISCLOSED INCOME

The company doesn’t have any current or previous transactions that have not been recorded in the books of accounts and has been surrendered or disclosed as income during the year in the tax assessments under the Income Tax Act, 1961.

REVALUATION OF PLANT, PROPERTY AND EQUIPMENT

There was no revaluation of assets during the year 2023-24.

WILFUL DEFAULTER

The Company has not been declared wilful defaulter by any bank or financial institution or government or any government authority.

TITLE DEEDS OF IMMOVABLE PROPERTY NOT HELD IN THE NAME OF THE COMPANY

There are no Title Deeds of immovable property held in the name of the Company.

TRANSACTIONS WITH STRUCK OFF COMPANIES

The Company doesn’t have any transactions with struck off companies.

SCHEME OF ARRANGEMENT

The Company doesn’t have any scheme of arrangements to disclose during the year 2023-24. CRYPTO CURRENCY

The Company has not traded or invested in Crypto currency or Virtual Currency during the financial year.

GENERAL

1. The figures for the previous year have been regrouped / reclassified / rearranged where ever necessary with the conformity with the current year figures for facilitating proper comparisons.

2. There are no unexecuted capital contracts which are outstanding or remaining to be performed for the current year.

3. The figures have been rounded off and mentioned in Rs. In lakhs.

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Mar 31, 2023

PROVISIONS AND OTHER CONTINGENT LIABILITIES AND CAPITAL CONTRACTS

When the Company can reliably measure the outflow of economic benefits in relation to a specific case and considers such outflows to be probable, the Company records a provision against the case. Where the probability of outflow is considered to be remote, or probable, but a reliable estimate cannot be made, a contingent liability is disclosed. Given the subjectivity and uncertainty of determining the probability and amount of losses, the Company takes into account a number of factors including legal advice, the stage of the matter and historical evidence from similar incidents. Significant judgment is required to conclude on these estimates.

IMPAIRMENT OF NON-FINANCIAL ASSETS

The Company assesses, at each reporting date, whether there is an indication that an asset may be impaired. If any indication exists, or when annual impairment testing for an asset is required, the Company estimates the asset’s recoverable amount. An asset’s recoverable amount is the higher of an asset’s or cash-generating unit’s (CGU) fair value less costs of disposal and its value in use. Recoverable amount is determined for an individual asset, unless the asset does not generate cash inflows that are largely independent of those from other assets or Group of assets.

When the carrying amount of an asset or CGU exceeds its recoverable amount, the asset is considered impaired and is written down to its recoverable amount. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset.

In determining fair value less costs of disposal, recent market transactions are taken into account. If no such transactions can be identified, an appropriate valuation model is used. These calculations are corroborated by valuation multiples, quoted share prices for publicly traded companies or other available fair value indicators. The Company bases its impairment calculation on detailed budgets and forecast calculations, which are prepared separately for each of the Company’s CGUs to which the individual assets are allocated. These budgets and forecast calculations generally cover a period of five years.

For longer periods, a long-term growth rate is calculated and applied to project future cash flows after the fifth year. To estimate cash flow projections beyond periods covered by the most recent budgets/forecasts, the Company extrapolates cash flow projections in the budget using a steady or declining growth rate for subsequent years, unless an increasing rate can be justified. In any case, this growth rate does not exceed the long-term average growth rate for the products, industries, or country or countries in which the entity operates, or for the market in which the asset is used.

Impairment losses of continuing operations are recognised in the statement of profit and loss. For assets excluding goodwill, an assessment is made at each reporting date to determine whether there is an indication that previously recognised impairment losses no longer exist or have decreased. If such indication exists, the Company estimates the asset’s or CGU’s recoverable amount. A previously recognised impairment loss is reversed only if there has been a change in the assumptions used to determine the asset’s recoverable amount since the last impairment loss was recognised.

The reversal is limited so that the carrying amount of the asset does not exceed its recoverable amount, nor exceed the carrying amount that would have been determined, net of depreciation, had no impairment loss been recognised for the asset in prior years. Such reversal is recognised in the statement of profit or loss unless the asset is carried at a revalued amount, in which case, the reversal is treated as a revaluation increase.

SEGMENT INFORMATION

An operating segment is a component of the Company that engages in the business activities from which it may earn revenues and incur expenses, whose operating results are regularly reviewed by Company’s executive vice president and Chief Financial officer (“Chief operating decision maker”). The Company is engaged primarily in one segment, accordingly segment reporting is not applicable.

PERSONNEL

During the year under review, no employee was in receipt of remuneration in excess of limits laid down under the companies act other than below. There are no employees employed throughout the financial year were in receipt of remuneration which in aggregate was more that Rs.60,00,000/- per annum or Rs.500,000/- per month.

CASH AND CASH EQUIVALENTS (FOR PURPOSES OF CASH FL OW STATEMENT

Cash comprises cash on hand and demand deposits with banks. Cash equivalents are short-term balances, (with original maturity of three months or less from the date of acquisition), highly liquid investments that are readily convertible into known amounts of cash and which are subject to insignificant risk of changes in value. 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.

LEASES

The Company’s lease asset consists of leases for buildings. The Company assesses whether a contract contains a lease, at inception of a contract. A contract is, or contains, a lease if the contract conveys the right to control the use of an identified asset for a period of time in exchange for consideration. To assess whether a contract conveys the right to control the use of an identified asset, the Company

assesses whether: (1) the contract involves the use of an identified asset (11) the Company has substantially all of the economic benefits from the use of the asset through the period of the lease and (iii) the Company has the right to direct the use of the asset.

At the date of commencement of the lease, the Company recognizes a right-to-use asset and a corresponding lease liability for all lease arrangements in which it is a lessee, except for leases with a term of twelve months or less (short-term leases) and low value leases. For these short term and low value leases, the Company recognizes the lease payments as an operating expense on a straightline basis over the term of the lease. The right-to-use asset is initially recognised at cost which comprises of the initial amount of lease liability adjusted for lease payments made or prior to commencement date plus any direct cost i.e. lease incentives. They are subsequently measured at cost less accumulated depreciation and impairment loss if any. The Company applies the short-term lease recognition exemption to its short-term leases of Buildings (i.e., those leases that have a lease term of 12 months or less from the commencement date and do not contain a purchase option). Lease payments on short-term leases are recognised as expense on a straight-line basis over the lease term.

CAPITAL MANAGEMENT

For the purpose of the Company’s Capital management, capital includes equity capital and all other reserves. The Company’s capital management objective is to maximize the total shareholder return by optimizing cost of capital through flexible capital structure that supports growth. The Company manages its capital structure and makes adjustment in the light of changes in economic conditions and the requirements of the financial covenants. To maintain or adjust the capital structure, the Company may adjust the dividend payment to shareholders, return capital to shareholders or issue new shares.

FINANCIAL RISK MANAGEMENT

In course of its business, the Company is exposed to certain financial risks that could have significant influence on the Company’s business and operational / financial performance. These include market risk including interest rate risk and equity price risk), credit risk and liquidity risk. The Board of Directors reviews and approves risk management framework and policies for managing these risks and monitors suitable mitigating actions taken by the management to minimize potential adverse effects and achieve greater predictability to earnings. In line with the overall risk management framework and policies, the treasury function provides services to the business, monitors and manages through an analysis of the exposures by degree and magnitude of risks. Borrowings, trade payables and other financial liabilities constitute the Company''s primary financial liabilities and

investment in unquoted equity shares, trade receivables, loans, cash and cash equivalents and other financial assets are the financial assets.

OTHER FINANCIAL ASSETS

Credit risk refers to the risk of default on the other financial assets to the Company that may result in financial loss. The maximum exposure from trade receivables amounting to Rs.523.83 lakhs as of March 31, 2023 (Rs. 708.97 lakhs as of March 31, 2022).

Other financial assets mainly constitute receivable from Corporate Borrowers. Credit risk is being managed through credit approvals, establishing credit limits and monitoring the creditworthiness of customers to allow credit terms in the normal course of business. In the case of the Company, the credit period offered varies between 30 to 60 days and there have been no significant cases of impairment historically.

CASH AND CASH EQUIVALENTS AND DEPOSITS WITH BANKS

The credit risk on cash and bank balances is limited because the counterparties are banks with high credit ratings. Therefore, the risk of default is considered to be insignificant.

LIQUIDITY RISK

The objective of liquidity risk management is to maintain sufficient liquidity and ensure that funds are available for use as per requirements. The Company manages liquidity risk through cash credit limits and undrawn borrowing facilities by continuously monitoring forecast and actual cash flows. The Company invests its surplus funds in bank fixed deposit which carry minimal mark to market risks.

MARKET RISK

Market risk is the risk that the fair value or future cash flows of a financial instrument will fluctuate because of changes in market prices. Market risk for the entity comprises two types of risk: currency risk, interest rate risk and equity price risk.

Financial instruments affected by market risk include borrowings and investment in unquoted equity shares. The objective of market risk management is to manage and control market risk exposures within acceptable parameters, while optimizing the return.

CURRENCY RISK

The Company is not exposed to any currency risk since it does not has any transactions in any foreign currency.

FAIR VALUE SENSITIVITY ANALYSIS FOR FIXED-RATE INSTRUMENTS

The company’s fixed rate instruments are carried at amortized cost. They are therefore not subject to interest rate risk, since neither the carrying amount nor the future cash flows will fluctuate because of a change in market interest rates.

EQUITY PRICE RISK

Equity price risk is related to the change in market reference price of the investments in quoted equity securities. In the case of the Company, the sole investment in equity shares is unquoted and does not expose the Company to equity price risks, however there can be changes in the equity price based on valuations done at different reporting periods owing to the operations and general business environment in which the investee operates. In general, the investment is not held for trading purposes.

EQUITY PRICE SENSITIVITY ANALYSIS

A 1% change in prices of equity instruments held as at March 31, 2023 and March 31, 2022 would result in an increase / decrease of Rs.7.02 in Lakhs and Rs.8.16 in Lakhs in fair value of the equity instrument respectively.

BORROWINGS FROM BANKS & FINANCIAL INSTITUTIONS

The Company doesn’t have any borrowings from Banks/Financial Institutions and no corresponding report is required to be filed in relation to the same.

RECEIVABLES AND PAYABLES

The receivables and payables as stated in Current Assets and Current Liabilities and in the opinion of the management have a value and realization equal to the amount at which they are stated in the Balance Sheet and no provision for doubtful debts has been made by the Company for the year ending March 31, 2023.

BENAMI I''KANSALllUNS/rKOrEKlY

No proceedings have been initiated during the year or are pending against the Company as at March 31, 2023 for holding any Benami property under the Benami Transactions (Prohibition) Act, 1988 (as amended in 2016) and rules made thereunder.

REGISTRATION OF CHARGE CREATION ON PROPERTY

The company has no charge on its receivables and hence, there are no related registration compliances involved.

UNDISCLOSED INCOME

The company doesn’t have any current or previous transactions that have not been recorded in the books of accounts and has been surrendered or disclosed as income during the year in the tax assessments under the Income Tax Act, 1961.

REVALUATION OF PLANT, PROPERTY AND EQUIPMENT

There was no revaluation of assets during the year 2022-23.

WILFUL DEFAULTER

The Company has not been declared wilful defaulter by any bank or financial institution or government or any government authority.

TITLE DEEDS OF IMMOVABLE PROPERTY NOT HELD IN THE NAME OF THE COMPANY

There are no Title Deeds of immovable property held in the name of the Company.

TRANSACTIONS WITH STRUCK OFF COMPANIES

The Company doesn’t have any transactions with struck off companies.

SCHEME OF ARRANGEMENT

The Company doesn’t have any scheme of arrangements to disclose during the year 2022-23.

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Mar 31, 2014

Brief description of the Company and its Business

TATIA GLOBAL VENNTURE LIMITED was incorporated in India, and is engaged in the Business with the main objects of the company being real estates , infrastructure Developers and textile and accessories.

b. The cash flow statements for the previous year is for statistical purposes only as per reason stated above.

c. The figures have been rounded off to the nearest rupee.

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Mar 31, 2013

Brief description of the Company and its Business

TATIA GLOBAL VENNTURE LIMITED was incorporated in India, and is engaged in the Business with the main objects of the company being real estates, infrastructure Developers, textile and accessories.

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Mar 31, 2012

TATIA GLOBAL VENNTURE LIMITED was incorporated in India, and is engaged in the Business with the main objects of the company being real estates infrastructure Developers and textile and accessories.

a. OTHERS

Kreon financial Services ltd Preferrential warrant maoney 35050000/- N. DUES TO SME'S

Management has determined that there were no balances outstanding as at the beginning of the year and no transactions entered with micro, small and medium enterprises as defined under Micro, Small and Medium Enterprises Development Act, 2006, during the current year, based on the information available with the company as at March 31,2012

b. GENERAL

a. The figures for the previous year are not comparable with the current year to effect of scheme of arrangement in current year. The figures for previous are given statistical purposes only and have been regrouped / reclassified / rearranged where ever necessary

b. The cash flow statements for the previous year is only for statistical purposes only as per reason stated above.

c. The figures have been rounded off to the nearest rupee.

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Mar 31, 2010

A. SEGMENTAL REPORTING

The company during the year has derived its income only from Infra project segment ,accordingly there are no separate reportable segment as per the accounting standard 17 (Segmental Reporting ) issue by the Institute of Chartered Accountants of India.

B. RELATED PARTY DISCLOSURES

The Company had no transactions with the related parties during the year under review other than temporary current account transactions.

Wholly Owned Subsidiary Companies

1. Deverbetta Lands Private Limited

2. Sagarvar Gambhira Developers Private Limited

3. Sundervans Infrastructure And Developers Private Limited

4. Thali Estates Private Limited

5. Kalyanang Developers Private Limited

6. Pajjuvasami Developers Private Limited

7. Navami Trading FZE

8. Sarvamangal Estates & Holding Private Limited

N. DUES TO SMES

Management has determined that there were no balances outstanding as at the beginning of the year and no transactions entered with micro, small and medium enterprises as defined under Micro, Small and Medium Enterprises Development Act, 2006, during the current year, based on the information available with the company as at March 31,2010.

C. AUDITORS RENUMERATION

2009-10 2008-09

Statutory Audit Fees (Rs) 15000/- 15000/- (all inclusive)

P. GENERAL

a. The figures for the previous year figures are not comparable with the current year due to effect of scheme of arrangement in current year. The figures for previous are given for statistical purposes only and have been regrouped / reclassified / rearranged where ever necessary.

b. The cash flow statements for the previous year is only for statistical purposes only as per reason stated above.

c. The figures have been rounded off to the nearest rupee.