1.10 PROVISIONS, CONTINGENT LIABILITIES AND CONTINGENT ASSETS
Provision is recognized in the accounts when there is a present obligation as a result of past event(s) and it is
Probable that an outflow of resources will be required to settle the obligation and a reliable estimate can be made. Provisions are not discounted to their present value and are determined based on the best estimate required to settle the obligation at the reporting date. These estimates are reviewed at each reporting date and adjusted to reflect the current best estimates. Contingent liabilities are disclosed unless the possibility of outflow of resources is remote. Contingent assets are neither recognized nor disclosed in the financial statements.
1.11 Earnings Per Share
Earnings per share (Basic / Diluted) is calculated by dividing the net profit or loss for the period attributable to equity shareholders by weighted average numbers of equity shares outstanding during the period.
In Accordance with our Report attached
For CLB & Associates For and on behalf of the Board
Chartered Accountants Firm Registration No.124305W
S Sarupria Pooja A Gupta Kishore Shah
(Partner) Whole Time Director Whole Time Director & CFO
M No. 035783
Place: Mumbai Date: 22/05/2024
Krupa Gandhi
Company Secretary
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