అకౌంట్స్ గమనికలుAIK Pipes And Polymers Ltd.

Mar 31, 2025

Note No : 31 Related parties

Director''s Remuneration Outstanding Director''s Remuneration Salary Director''s Remuneration Outstanding Director''s Remuneration Rent Outstanding Director''s Rent Loan given Repayment of loan Taken Rent

Note No : 34 Provisions, Contingent Liabilities and Contingent Assets Contingent Liabilities and Commitments a. Contingent Liabilities : Rs. In Lakhs
				Current Year		Prev. Year
	(i)		Claims against the entity not acknowledged as debt	0		0
	(ii)		Amount under (i) above includes demand from Income Tax Authorities	0		0
	(iii)		GST and other related claims	0		0
	(iv)		Guarantees issued	0		0
	(v)		Bills discounted with Banks with recourse	0		0
	(vi)		Warranties, if any, issued	0		0
	(vii)		Any others,	0		0
b. Capital and Other Commitments :
Rs. In Lakhs
					Current Year		Prev. Year
	(i)	Estimated amount of contracts remaining to be executed on capital account not provided for			0		0

Provisions for Gratuity, GST and Direct taxes arise from legal matters, and comprise many separate cases that arise in the ordinary course of business. It is not practicable for the entity to estimate the timing of the provision, its utilisation and the attendant uncertainties in cash outflows, until the cases are resolved. The entity does not expect any reimbursements in respect of these provisions.

Note No : 35 Title Deeds of Immovable Property

All title deeds of immovable properties included in Property, Plant and Equipments are held in the name of the Company as at 31st March 2022.

Note No : 36 Revaluation of Assets

In respect of assets revalued by the company, the revaluation is based on the valuation report of the Registered Valuer as defined under Rule 2 of Companies (Registered Valuers and Valuation) Rules 2017.

Note No : 37 Loans and Advances to Promoters, Directors, KMPs and Related parties

The Company has not advanced any loans or advances in the nature of loans to specified persons viz. promoters, directors, KMPs, related parties; which are repayable on demand or where the agreement does not specify any terms or period of repayment.

Note No : 38 Benaml Properties

The Company does not have any Benami property, where any proceeding has been initiated or pending against the Company for holding any Benami property.

Note No : 39 Statement of Current Assets submitted to Banks

Statement of Current Assets submitted to Banks / FIs

The company does not have working capital limits in excess of five crore rupees from banks and financial institutions on the basis of security of current assets;

Note No : 40 Wilful Defaulter

Wilful Defaulter

The Company has not been declared as a wilful defaulter by any lender who has powers to declare a company as a wilful defaulter at any time during the financial year or after the end of reporting period but before the date when financial statements are approved.

Note No : 41 Struck Off Companies

Relationship with Struck Off Companies

The Company does not have any transactions with Companies that were struck off under Section 248 of the Companies Act, 2013 or Section 560 of Companies Act, 1956.

Note No : 43 Number of Layers of Companies

Compliance with number of Layers of Companies

The Company has complied with the number of layers prescribed under clause (87) of section 2 of the Companies Act, 2013 read with Companies (Restriction on number of Layers) Rules, 2017.

Note No : 44 Scheme of Arrangement

Compliance with Approved Scheme of Arrangements

There are no Scheme of Arrangement that has been approved by the competent authority in terms of Section 230 to 237 of the Companies Act, 2013

Note No : 45 Utilization of Borrowed funds and Share Premium

Utilization of Borrowings and Share Premium

The Company has not advanced or loaned or invested funds to any other person(s) or entity(ies), including foreign entities (Intermediaries) with the understanding that the Intermediary shall:

(a) directly or indirectly lend or invest in other persons or entities identified in any manner whatsoever by or on behalf of the company (Ultimate Beneficiaries) or

(b) provide any guarantee, security or the like to or on behalf of the Ultimate Beneficiaries

The Company has not received any fund from any person(s) or entity(ies), including foreign entities (Funding Party) with the understanding (whether recorded in writing or otherwise) that the Company shall:

(a) directly or indirectly lend or invest in other persons or entities identified in any manner whatsoever by or on behalf of the Funding Party (Ultimate Beneficiaries) or

(b) provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries.

Note No : 46 Borrowings from Banks and Financial Institutions

Utilization of Borrowings from Banks and Financial Institutions

Funds borrowed from Banks and Financial Institutions were utilised for the specific purpose for which they have been obtained at the balance sheet date.

Note No : 52 Undisclosed Income

The Company does not have any transaction which isnot recorded in the books of accounts but has been surrendered or disclosed as income during the year in the tax assessments under the Income Tax Act, 1961 (such as, search or survey or any other relevant provisions of the Income Tax Act, 1961).

Note No : 53 Crypto Currency

Crypto Currency or Virtual Currency

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

Note No : 54 Events after the Reporting Period

There are no significant events after the reporting period except as disclosed in note 20(f), that require adjustments or disclosures in the standalone Ind AS financial statements as on the balance sheet date.

Note No : 55 Previous Year Figures

The figures for the corresponding previous year have been regrouped/ reclassified, wherever considered necessary, to make them comparable with current years classification.

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Mar 31, 2024

Provisions and Contingent Liabilities

A Provision is recognised when the entity has a present obligation as a result of past event and it is probable that an outflow of resources will be required and a reliable estimate can be made of the amount of the obligation. Provisions are measured at the best estimate of the expenditure required to settle the present obligation at the Balance Sheet date.

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 entity 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. A Contingent asset is neither recognised nor disclosed.

Revenue Recognition

Revenue from sale of goods is recognised when control and significant risks and rewards of ownership of the products being sold is transferred to the customer. This is generally fulfilled at the time of dispatch, delivery or upon formal customer acceptance depending on customer terms. Revenue is measured on the basis of contracted price, after deduction of any trade discounts, volume rebates and any taxes or duties collected on behalf of the government such as goods and services tax, etc. Previous experience is used to estimate the provision for such discounts and rebates. Revenue is only recognised to the extent that it is highly probable a significant reversal will not occur. Income from services rendered is recognised based

on agreements/arrangements with the customers as the service is performed and there are no unfulfilled obligations.

Interest income is recognized on accrual basis, adopting a time proportion method, taking into account the amount outstanding and the rate applicable. Dividend income on investments is accounted for when the right to receive the income is established. Export incentives are recognised on accrual basis to the extent the management is certain of the income.

Employee Benefits

Short-term employee Benefits

Benefits such as salaries, wages and performance incentives are charged to the statement of profit and loss at the actual amounts due in the period in which the employee renders the related service.

Defined Contribution Plans

Payments made to defined contribution plans such as provident and pension fund are charged as an expense based on the amount of contribution required to be made as and when services are rendered by the employees.

Defined Benefit Plans

All defined benefit plans obligations are determined based on valuations, as at the Balance Sheet date, made by independent actuary using the projected unit credit method. Actuarial gains and losses are recognised immediately in the statement of profit and loss. The fair value of the plan assets is reduced from the gross obligation under the defined benefit plan, to recognise the obligation on net basis.

Other Long-term Employee Benefits

Other long-term employee benefits include leave encashment. Leave encashment is recognised as an expense in the statement of profit and loss as and when it accrues on actuarial basis.

Borrowing Cost

Borrowing costs that are directly attributable to the acquisition or construction of qualifying assets are capitalised. Qualifying asset is an assets that necessesarily takes substantial period of time to get ready for its intended use. Other borrowing costs are recognised as an expense in the period in which they are incurred.

Taxes on Income

Income tax expense for the year comprises of current tax and deferred tax.

Current tax

Current tax is the estimated amount of tax payable on the taxable income for the year, using tax rates enacted or substantively enacted at the reporting date. Minimum Alternate Tax (MAT) is accounted as Current tax when the taxes calculated as per Book profits are greater than the taxes calculated as per normal provisions of Income Tax. Credit for such MAT is availed when the entity is subjected to normal tax provisions in the future. MAT credit Entitlement is recognised as an asset based on the management''s estimate of its recoverability in the future.

Deferred tax

Deferred tax is recognised in respect of timing differences between the carrying amount of assets and liabilities for financial reporting purposes and the corresponding amounts used for taxation purposes.

A deferred tax liability is recognised based on the expected manner of realisation or settlement of the carrying amount of assets and liabilities, using tax rates enacted, or substantively enacted, by the end of the reporting period. Deferred tax assets are recognised only to the extent that it is probable that future taxable profits will be available against which the asset can be utilised except for deferred tax assets in respect of tax losses, where they are recognised only to the extent the management is virtually certain as to the sufficiency of future taxable income. Deferred tax assets are reviewed at each reporting date and reduced to the extent that it is no longer probable that the related tax benefit will be realised.

Earnings per Share

In determining earnings per share, the Company considers the net profit after tax attributable to equity shareholders. The number of shares used in computing basic earnings per share is the weighted average number of equity shares outstanding during the year. The number of equity shares used in computing diluted earnings per share comprises weighted average number of equity shares considered for deriving basic earnings per share and also weighted average number of equity shares which could have been issued on the conversion of all dilutive potential equity shares.

Rights, preferences and restrictions attached to shares

The Company has issued only one class of equity shares having a par value of Rs. 10 per share. Each equity shareholder is entitled to one vote per share. In the event of liquidation of the Company, the holders of equity shares will be entitled to receive remaining assets of the Company, after distribution of all preferential amounts, in proportion to their shareholding. Any dividend proposed by the Board of Directors is subject to the approval of the shareholders in the ensuing Annual General Meeting, except in case of interim dividend.

Details regarding number and class of shares for the period of five years immediately preceding March 31, 2024

a) The company has not allotted any shares as fully paid-up without payment being received in cash.

b) The company has alloted 34,00,000 shares as fully paid up bonus shares.

c) The company has not bought back any of its shares.

Other Details regarding issue of shares

There are no shares reserved for issue under options and contracts / commitments for the sale of shares.

There are no securities convertible into equity or preference shares.

There are no calls unpaid on any shares.

There are no forfeited shares.

Earning available for debt service = Profit for the year (before taxes) Finance costs Depreciation and Amortisation Expense Total debt service = Finance costs Principal Repayments

Capital employed = Shareholders'' funds Long Term Borrowings Short Term Borrowings Deferred Tax Liabilities (Net) - Intangible assets - Intangible Assets under development

Reasons for a material change or a change of 25% or more compared to the previous period.

The Increase in Current Ratio is mainly due to increase in Trade Receivables and Other Current Assets (i.e FD''s issued for short term).

The Decrease in Debt Equity ratio is due to Issue of new equity shares in the Market (i.e IPO).

Increase in Debt Service Coverage Ratio is due to increase in Profits.

Return on Equity is decreased Due to increase in Shareholder''s Funds during the year due to IPO.

Trade Receivables Turnover Ratio is decreased due to increase in Trade receivables at year end.

Net Capital Turnover has also reduced due to Increase in Current Assets Net profit Ratio increased due to increase in Net Profits During the year Return on Capital Employed decreased due to increase in share capital during the year

33. Other Disclosures

Disclosure requirements as notified by MCA pursuant to amended Schedule III:

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

- The Company does not have any Benami Property under Prohibition of Benami Property Transactions Act, 1988.

- The Company has not been declared a wilful defaulter by any lender who has powers to declare a company as a wilful defaulter.

- The Company has no Scheme of Arrangement approved by the competent authority specified under Section 230 to 237 of the Companies Act, 2013.

Previous Period figures have been re-grouped / re-classified, wherever necessary, to make them comparable with Current Period''s classification.

As per our report of even date attached

For R P KHANDELWAL & ASSOCIATES For and on behalf of Board of Directors

Chartered Accountants Firm Regn No : 001795C

Sd/- Sd/- Sd/-

NITIN KHANDELWAL IMRAN KHAN TAHIRA SHEIKH

Partner DIRECTOR DIRECTOR

Membership No : 414141 DIN : 07938677 DIN : 10194260

UDIN : 24414141BKGWAT4450 Place : JAIPUR Place : JAIPUR

Place : JAIPUR Date : May 15, 2024 Date : May 15, 2024

Date : May 15, 2024