Contingent assets are neither recognized nor disclosed in the financial statements.
1. The Company does not have any other segment of business. Hence, the Segmental reporting regulations are not applicable to the Company.
2. Disclosures required under Section 32 of the Micro, Small and Medium Enterprises Development Act, 2006
There are no Micro and Small Enterprises, to whom the company owes dues, which are outstanding for more than 45 days at the Balance Sheet date. The above information regarding Micro Enterprises and Small Enterprises has been determined to the extent such parties have been identified on the basis of information available with the Company.
3. The Company has complied with the prudential norms on income recognition and provisioning requirements against performing and non-performing assets as per the provisions of Reserve Bank of India (RBI).
4. All assets and liabilities have been classified as current or non-current based on assumption of operating cycle with duration of 12 months.
5. Previous year's figures have been regrouped/reclassified wherever necessary to correspond with the current year's classification/disclosure.
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