అకౌంట్స్ గమనికలుGlobal Education Ltd.

Mar 31, 2025

aa)Commitments and Contingencies i. Capital Commitments
	Particulars	2024-25	2023-24
		In '' Lacs	In '' Lacs
	Estimated number of contracts remaining to be executed on capital account and not provided for (net of advances)
	Other commitments	-	-
ii. Leases Operating Lease payments recognized in statement of profit and loss:
	Particulars	2024-25	2023-24
		In '' Lacs	In '' Lacs
	Lease rentals paid / provided for	72.38	49.52
The Company does have any outstanding non-cancellable operating leases.
iii.	Contingent liabilities
	Particulars	2024-25	2023-24
		In '' Lacs	In '' Lacs
	Bank Guarantee issued to CEO MSRLM towards Deen Dayal Upadhyaya Grameen Kaushalaya Yojna	49.70	49.70

32. The Company does not have any unhedged foreign currency exposure as at 31 March, 2025 (previous year NIL).

33. There are no present obligations requiring provisions in accordance with the guiding principles as enunciated in IND AS - 37 ''Provisions, contingent liabilities & contingent assets.

34. In the opinion of the Board and to the best of their knowledge and belief, the value on realization of loans, advances and current assets in the ordinary course of business will not be less than the amount at which they are stated in the balance sheet at amortised cost.

39. CIF value of imports: Nil (Previous Year Nil)

40. Employee Benefit Obligation:

Gratuity

Gratuity is computed as 15 days salary, for every completed year of service or part thereof and is payable on retirement / termination / resignation. The Gratuity plan for the company is a defined benefit scheme where annual contributions as per actuarial valuation are charged to other comprehensive income.

The Provident Fund is a defined contribution scheme whereby the company deposits an amount determined as a fixed percentage of basic pay with the Regional Provident Fund Commissioner.

The significant actuarial assumptions for the determination of the defined benefit obligations are discount rate and expected salary increase. The sensitivity analysis below has been determined based on reasonably possible changes of the respective assumptions

occurring at the end of the reporting period, while holding all other assumptions constant.

The sensitivity analysis presented above may not be representative of the actual change in the defined benefit obligations as it is unlikely that the change in assumptions would occur in isolation of one another as some of the assumptions may be correlated.

Furthermore, in presenting the above sensitivity analysis, the present value of the defined benefit obligations has been calculated using the Projected Unit Credit Method at the end of the reporting period, which is the same as that applied in calculating the defined benefit obligations recognised in the balance sheet.

Each year an Asset-Liability matching study is performed in which the consequences of the strategic investment policies are analysed in terms of risk and return profiles. Investment and contribution policies are integrated within this study.

43. Segment Reporting

The Company has two business segments:

i. Educational training & development activities

ii. Business support activities

In accordance with the provision of IND AS 108, “Segment Reporting" the Company has identified business segment as primary segment. As its Secondary Segment, the Company has only one geographical segment having 10 per cent or more of enterprise revenue from sales to external customers based on the geographical location of its customers.

Revenue and expenses directly attributable to segments are reported under each reportable segment. All other expenses, which are not attributable or allocable to segments, have been disclosed as un-allocable expenses.

Assets and liabilities that are directly attributable to segments are disclosed under respective reportable segment. All other assets and liabilities are disclosed as un-allocable.

44. Dividend

Company had declared interim dividend at the rate of 50% on the paid-up equity share capital of Rs.1018.03 Lacs which amounted to Rs. 509.01 Lacs (Rs 2.50 per fully paid-up equity share of Rs 5).

Final Dividend at the rate of 10% on paid paid-up equity share capital recommended by the board of directors in the meeting held on 16 May, 2025 for the Financial Year 2024-25 is 254.51 Lacs (Rs. 0.50/- per fully paid-up Equity Share of Rs.2 each). Final Dividend is subject to the approval of the Members in Annual General Meeting.

Measurement of fair values

The basis of measurement in respect to each class of financial asset and financial liability is disclosed in note 2(m) of the financial statement.

Financial Risk Management

The Company has exposure to the following risks arising from financial instruments:

• Credit Risk

• Liquidity Risk

• Market Risk.

Credit Risk

Credit risk is the risk that the counterparty will not meet its obligations leading to a financial loss. Credit risk arises from cash and cash equivalents, investments carried at amortised cost and deposits with banks and financial institutions, as well as credit exposures to customers including outstanding receivables and unbilled revenue.

i. Credit risk management

Credit risk has always been managed by the company through credit approvals, establishing credit limits and continuously monitoring the credit worthiness of customers to which the company grants credit terms in the normal course of business.

The company considers the probability of default upon initial recognition of asset and whether there has been a significant increase in credit risk on an ongoing basis throughout each reporting period. To assess whether there is a significant increase in credit risk the group compares the risk of a default occurring on the asset as at the reporting date with the risk of default as at the date of initial recognition. It considers available reasonable and supportive forwarding-looking information.

In general, it is presumed that credit risk has significantly increased since initial recognition if the payments are more than 90 days past due. A default on a financial asset is when the counter party fails to make contractual payments of when they fall due. This definition of default is determined by considering the business environment in which entity operates and other macro-economic factors.

ii. Provision for expected credit losses

The company follows ''simplified approach'', for recognition of impairment loss allowance on trade receivables or contract revenue receivables and unbilled revenue.

As a practical expedient, the Company uses a provision matrix to determine impairment loss allowance on portfolio of its trade receivables and unbilled revenue. The provision matrix is based on its historically observed default rates over the expected life of the trade receivables and is adjusted for forward-looking estimates. At every reporting date, the historical observed default rates are updated and changes in the forward-looking estimates are analysed.

Financial instruments and cash deposits

The credit risk from balances / deposits with banks, other financial assets and current investments are managed in accordance with the company''s approved policy. Investments of surplus funds are made only with approved counter-parties and within the limits assigned to each counter-parties. The limits are assigned to mitigate the concentration risks. These limits are actively monitored by the Company.

Liquidity Risk

Liquidity risk is the risk that the Company may encounter difficulty in meeting its obligations. The Company monitors rolling forecast of its liquidity position on the basis of expected cash flows. The Company''s approach is to ensure that it has sufficient liquidity or borrowing headroom to meet its obligations at all point in time. The Company has sufficient short-term fund-based lines, which provides healthy liquidity and these carry highest credit quality rating from reputed credit rating agency.

Market risk

Market risk is the risk that the fair value of the future cash flows will fluctuate because of changes in the market prices such as currency risk, interest rates risk and commodity price risk.

a. Currency risk

The Company operations are not exposed to foreign exchange risk

b. Interest Rate Risk

Interest rate risk is the risk that the fair value or future cash flows of a financial instrument will fluctuate because of changes in market interest rates. The interest rate risk can also impact the provision for retrial benefits. The Company does not have any outstanding borrowing and therefore not subject to interest rate risk, The Company is not exposed to significant interest rate risk as at the respective reporting dates.

c. Price Risk

The price risk is the risk arising from investments held by the Company and classified in the balance sheet either at fair value through Other Comprehensive Income or at fair value through profit or loss.

The Company''s equity investments are mainly strategic in nature and are generally held on a long-term basis. Further, the current investments are in units of liquid mutual fund and these are not exposed to significant price risk.

d. Commodity Risk

The Company is not exposed to the fluctuations in commodity prices. The Company manages these price fluctuations, if any by actively managing the sourcing, private purchases and alternate strategies.

46. Capital Management

For the purpose of the company''s capital management, capital includes issued equity capital, share premium and all other equity reserves attributable to the equity holders of the Company. The primary objective of the Company''s capital management is to maximise the shareholder value.

The company manages its capital structure and makes adjustments in 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 debt, interest bearing loans and borrowings, trade and other payables, less other bank balances.

In order to achieve this overall objective, the Company''s capital management, amongst other things, aims to ensure that it meets financial covenants attached to the borrowings that define capital structure requirements. The financial covenants relate to gearing ratio, ratio of net finance cost to EBITDA, fixed assets coverage ratio etc.

47. As per the proviso to rule 3(1) of the Companies (Accounts) Rules, 2014 for maintaining books of account using accounting software which has a feature of recording audit trail (Edit Log) facility has been complied by the company.

48. Previous period figures have been regrouped / reclassified wherever necessary to conform to current year classification.

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Mar 31, 2024

aa)Commitments and Contingencies i. Capital Commitments
	Particulars	2023-24		2022-23
		In '' Lacs		In '' Lacs
	Estimated number of contracts remaining to be executed on capital account and not provided for (net of advances)
	Other commitments	-		-
ii. Leases Operating Lease payments recognized in statement of profit and loss:
	Particulars	2023-24		2022-23
		In '' Lacs		In '' Lacs
	Lease rentals paid / provided for	49.52		49.12
iii.	The Company does have any outstanding non-cancellable operating leases. Contingent liabilities
	Particulars	2023-24		2022-23
		In '' Lacs		In '' Lacs
	Bank Guarantee issued to CEO MSRLM towards Deen Dayal Upadhyaya Grameen Kaushalaya Yojna	49.70		49.70
28. Details of dues to micro and small enterprises as per MSMED Act, 2006 to the extent of information available with the Company:
	Particulars		2023-24 In '' Lacs		2022-23 In '' Lacs
	The principal amount and the interest due thereon remaining unpaid to any supplier as at the end of each accounting year				5.68
	The amount of interest paid by the buyer in terms of section 16, of the micro small and medium enterprise development act, 2006 along with the amounts of the payment made to the supplier beyond the appointed day during each accounting year

The amount of interest due and payable for the period of delay in making payment (which have been paid but beyond the appointed day during the year) but without adding the interest specified under micro small and medium enterprise development act, 2006.
The amount of interest accrued and remaining unpaid at the end of each accounting year; and	-	-
The amount of further interest remaining due and payable even in the succeeding years, until such date when the interest dues as above are actually paid to the small enterprise for the purpose of disallowance as a deductible expenditure under section 23 of the micro small and medium enterprise development act, 2006
Total	-	5.68

33. The Company does not have any unhedged foreign currency exposure as at March 31,2024 (previous year NIL).

34. There are no present obligations requiring provisions in accordance with the guiding principles as enunciated in IND AS - 37 ''Provisions, contingent liabilities & contingent assets.

35. In the opinion of the Board and to the best of their knowledge and belief, the value on realization of loans, advances and current assets in the ordinary course of business will not be less than the amount at which they are stated in the balance sheet at amortised cost.

40. CIF value of imports: Nil (Previous Year Nil)

41. Employee Benefit Obligation:

Gratuity

Gratuity is computed as 15 days salary, for every completed year of service or part thereof and is payable on retirement/ termination/ resignation. The Gratuity plan for the company is a defined benefit scheme where annual contributions as per actuarial valuation are charged to other comprehensive income.

The Provident Fund is a defined contribution scheme whereby the company deposits an amount determined as a fixed percentage of basic pay with the Regional Provident Fund Commissioner.

For summarizing the components of net benefit expense recognized in the statement of profit and loss and amounts recognized in the balance sheet for the respective plans, the details are as under:

28. Segment Reporting

The Company has two business segments:

i. Educational training & development activities

ii. Business support activities

In accordance with the provision of IND AS 108, “Segment Reporting" the Company has identified business segment as primary segment. As its Secondary Segment, the Company has only one geographical segment having 10 per cent or more of enterprise revenue from sales to external customers based on the geographical location of its customers.

Revenue and expenses directly attributable to segments are reported under each reportable segment. All other expenses, which are not attributable or allocable to segments, have been disclosed as un-allocable expenses.

Assets and liabilities that are directly attributable to segments are disclosed under respective reportable segment. All other assets and liabilities are disclosed as un-allocable.

45. Dividend

Company had declared interim dividend at the rate of 80% on the paid-up equity share capital of Rs.1018.03 Lacs which amounted to Rs. 814.43 Lacs (Rs 4 per fully paid-up equity share of Rs 5).

Final Dividend at the rate of 20% on paid paid-up equity share capital recommended by the board of directors in the meeting held on May 20, 2024 for the Financial Year 2023-24 is 203.61 Lacs (Rs. 1/- per fully paid-up Equity Share of Rs.5 each). Final Dividend is subject to the approval of the Members in Annual General Meeting.

46. Financial Instrument - Fair value and Risk Measurement Fair value MeasurementMeasurement of fair values

The basis of measurement in respect to each class of financial asset and financial liability is disclosed in note 2(m) of the financial statement.

Financial Risk Management

The Company has exposure to the following risks arising from financial instruments:

• Credit Risk

• Liquidity Risk

• Market Risk.

Credit Risk

Credit risk is the risk that the counterparty will not meet its obligations leading to a financial loss. Credit risk arises from cash and cash equivalents, investments carried at amortised cost and deposits with banks and financial institutions, as well as credit exposures to customers including outstanding receivables and unbilled revenue.

i. Credit risk management

Credit risk has always been managed by the company through credit approvals, establishing credit limits and continuously monitoring the credit worthiness of customers to which the company grants credit terms in the normal course of business.

The company considers the probability of default upon initial recognition of asset and whether there has been a significant increase in credit risk on an ongoing basis throughout each reporting period. To assess whether there is a significant increase in credit risk the group compares the risk of a default occurring on the asset as at the reporting date with the risk of default as at the date of initial recognition. It considers available reasonable and supportive forwarding-looking information.

In general, it is presumed that credit risk has significantly increased since initial recognition if the payments are more than 90 days past due.

A default on a financial asset is when the counter party fails to make contractual payments of when they fall due. This definition of default is determined by considering the business environment in which entity operates and other macro-economic factors.

ii. Provision for expected credit losses

The company follows ''simplified approach'', for recognition of impairment loss allowance on trade receivables or contract revenue receivables and unbilled revenue.

As a practical expedient, the Company uses a provision matrix to determine impairment loss allowance on portfolio of its trade receivables and unbilled revenue. The provision matrix is based on its historically observed default rates over the expected life of the trade receivables and is adjusted for forward-looking estimates. At every reporting date, the historical observed default rates are updated and changes in the forward-looking estimates are analysed.

Financial instruments and cash deposits

The credit risk from balances / deposits with banks, other financial assets and current investments are managed in accordance with the company''s approved policy. Investments of surplus funds are made only with approved counter-parties and within the limits assigned to each counter-parties. The limits are assigned to mitigate the concentration risks. These limits are actively monitored by the Company.

Liquidity Risk

Liquidity risk is the risk that the Company may encounter difficulty in meeting its obligations. The Company monitors rolling forecast of its liquidity position on the basis of expected cash flows. The Company''s approach is to ensure that it has sufficient liquidity or borrowing headroom to meet its obligations at all point in time. The Company has sufficient short-term fund-based lines, which provides healthy liquidity and these carry highest credit quality rating from reputed credit rating agency.

Market risk

Market risk is the risk that the fair value of the future cash flows will fluctuate because of changes in the market prices such as currency risk, interest rates risk and commodity price risk.

a. Currency risk

The Company operations are not exposed to foreign exchange risk

b. Interest Rate Risk

Interest rate risk is the risk that the fair value or future cash flows of a financial instrument will fluctuate because of changes in market interest rates. The interest rate risk can also impact the provision for retrial benefits. The Company does not have any outstanding borrowing and therefore not subject to interest rate risk, The Company is not exposed to significant interest rate risk as at the respective reporting dates.

c. Price Risk

The price risk is the risk arising from investments held by the Company and classified in the balance sheet either at fair value through Other Comprehensive Income or at fair value through profit or loss.

The Company''s equity investments are mainly strategic in nature and are generally held on a long-term basis. Further, the current investments are in units of liquid mutual fund and these are not exposed to significant price risk.

d. Commodity Risk

The Company is not exposed to the fluctuations in commodity prices. The Company manages these price fluctuations, if any by actively managing the sourcing, private purchases and alternate strategies.

47. Capital Management

For the purpose of the company''s capital management, capital includes issued equity capital, share premium and all other equity reserves attributable to the equity holders of the Company. The primary objective of the Company''s capital management is to maximise the shareholder value.

The company manages its capital structure and makes adjustments in 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 debt, interest bearing loans and borrowings, trade and other payables, less other bank balances.

In order to achieve this overall objective, the Company''s capital management, amongst other things, aims to ensure that it meets financial covenants attached to the borrowings that define capital structure requirements. The financial covenants relate to gearing ratio, ratio of net finance cost to EBITDA, fixed assets coverage ratio etc.

48. As per the proviso to rule 3(1) of the Companies (Accounts) Rules, 2014 for maintaining books of account using accounting software which has a feature of recording audit trail (Edit Log) facility has been complied by the company.

49. Previous period figures have been regrouped/ reclassified wherever necessary to conform to current year classification.

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Mar 31, 2018

1. Corporate information

Global Education Limited(the Company) was incorporated as a private limited company on 30 June 2011 in the state of Maharashtra. The status ofthe company was changed from private to closely held public company.The company had made an Initial Public Offer (IPO) of 683,000 (Six Lacs Eighty Three Thousands) Equity shares during the previous year through Book Building process to public and the Company got listed on the SME Platform ofthe National Stock Exchange effective March 02, 2017.The status of the company has changed to listed public company. The Registered office of company is situated at 1121st Floor, Panchratna CHSL MP Marg Girgaon, Mumbai-400004, Maharashtra, India.

The Company has been established as a Service Provider Company, providing number of business support services to various organizations. The services include various business support services to educational institutions, corporates and banks. The Company provides services such as infrastructural facilities, conduct of online examinations, training including soft skill development, marketing and publicity through various modes like print media, television advertisement and related services like designing, space management, etc. It also acts as a supplier for items like computer hardware and accessories, tools, printed materials like prospectus, journals, books, stationery items, etc mainly for educational institutions.

These financial statements are presented in Indian Rupees (Rs.).

Rights, restrictions and preferences attached to equity shares

Each shareholder of equity shares 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 remianing assets of the company, after distribution of all preferential amounts. The distribution will be in proportion to the number of equity shares held by the shareholders.

Rights, restrictions and preferences attached to preference shares

The preference shares were be redeemable within period of 7 years from date of allotment at such premium as may be decided by the board of Directors, in accordance with provision of Section 55 of the The Companies Act, 2013 out of profits available for distribution as dividend or out of proceeds of a fresh issue of shares made for the purpose of redemption. The preference shares are not convertible into equity shares of the Company.

The said preference shares were redeemed during the year with the approval of shareholders at the Extra Ordinary General Meeting held on 28 April 2017.

* Net of service tax, krishi kalyan cess and swatch bharat cess in put aggregating to Rs. 5,94,551.

** During the financial year 2017-18, the board of directors of Company has at its 70th meeting held on 23rd October, 2017 declared an interim dividend @25% i.e. Rs.2.50 per fully paid up equity share of Rs.10 each, which was payable to the members whose name appeared on the Register of Members of the company on 3rd November, 2017.

Dues to MLcro and Small Enterprises have been determined to the extent such parties have been identified on the basis of information collected by the Management. Moreover the Company is in the process of updating its suppliers data, as to the status as a Micro Small & Medium Enterprise with a copy of the Memorandum filed as per the provisions of Section 8 of the Micro Small 81 Medium Enterprises Development Act, 2006

2. Related party transactions in accordance with accounting standard AS-18

I. Subsidiary company

a. RLaanEduventures Private LLmited( w.e.f. 9 June 2017)

II. Associate company

a. Achievers Educare Private Limited (w.e.f. 9 June 2017)

III. Key managerial personnel and their relatives

3. The Company does not have any unhedged foreign currency exposure as at March 31,2018 (previous year NIL).

4. There are no present obligations requiring provisions in accordance with the guiding principles as enunciated in Accounting Standard (AS)-29 ‘Provisions, contingent liabilities & contingent assets.

5. In the opinion of the Board and to the best of their knowledge and belief, the value on realization of loans, advances and current assets in the ordinary course of business will not be less than the amount at which they are stated in the balance sheet.

6. Operating lease

Lease payments recognized in statement of profit & loss:

Operating Leases: Assets acquired on lease where a significant portion ofthe risks and rewards of ownership are retained by the lessor are classified as operating lease. Lease rentals on assets taken on operating lease are recognized as an expense in the statement of statement of profit and loss. Initial direct cost in respect ofthe lease acquired is expensed out in the year in which such costs are incurred:

7. Gratuity

Gratuity is computed as 15 days salary, for every completed year of service or part thereof and is payable on retirement/termination/resignation. The Gratuity plan for the company is a defined benefit scheme where annual contributions as per actuarial valuation are charged to the statement of profit & loss.

The Provident Fund is a defined contribution scheme whereby the company deposits an amount determined as a fixed percentage of basic pay with the Regional Provident Fund Commissioner.

For summarizing the components of net benefit expense recognized in the statement of profit and loss and amounts recognized in the balance sheet for the respective plans, the details are as under:

8. Segment Reporting

Incase of geographical (secondary) Segment, since segment assets and segment revenue do not exceed 10% of total business, segment reporting is not required.

9. Final Dividend recommended by the board of directors in the meeting held on May 28, 2018 for the Financial Year 2017-18is 25% i.e. Rs. 2.50 per fully paid up Equity Share of Rs.10 each.Final Dividend is subjected to the approval in Annual General Meeting.

10. Previous period figures have been regrouped/ reclassified wherever necessary to conform to current year classification.

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Mar 31, 2017

1. Corporate information

Global Education Limited (the Company) was incorporated as a private limited company on 30th June 2011 in the state of Maharashtra. The status of the company was changed from Private to Public and subsequently to, the Listed-Public Limited Company. The Registered office of company is situated at 112 1st Floor, Panchratna CHSL MP Marg Girgaon, Mumbai-400004, Maharashtra, India.

The Company has been established as a Service Provider Company, providing number of business support services to various organizations. The services include various business support services to educational institutions, corporates and banks. The Company provides services such as infrastructural facilities, conduct of online examinations, training including soft skill development, marketing and publicity through various modes like print media, television advertisement and related services like designing, space management,etc.

It also acts as a supplier for items like computer hardware and accessories, tools, printed materials like prospectus, journals, books, stationery items, etc mainly for educational institutions.

The company had made an Initial Public Offer (IPO) of 683,000 (Six Lacs Eighty Three Thousands) Equity shares during the year through Book Building process to public and the Company got listed on the SME Platform of the National Stock Exchange effective March 02,2017.

These financial statements are presented in Indian Rupees (Rs.).

Dues to Micro and Small Enterprises have been determined to the extent such parties have been identified on the basis of information collected by the Management. Moreover the Company is in the process of updating its suppliers data, as to the status as a Micro Small & Medium Enterprise with a copy of the Memorandum filed as per the provisions of Section 8 of the Micro Small & Medium Enterprises Development Act, 2006.

1. The Company does not have any unhedged foreign currency exposure as at March 31, 2017 (previous year NIL).

2. There are no present obligations requiring provisions in accordance with the guiding principles as enunciated in Accounting Standard (AS)-29 ‘Provisions, contingent liabilities & contingent assets.

3. In the opinion of the Board and to the best of their knowledge and belief, the value on realization of loans, advances and current assets in the ordinary course of business will not be less than the amount at which they are stated in the Balance Sheet.

4. Operating Lease

Lease payments recognized in statement of profit & loss:

Operating Leases: Assets acquired on lease where a significant portion of the risks and rewards of ownership are retained by the lessor are classified as operating lease. Lease rentals on assets taken on operating lease are recognized as an expense in the statement of statement of profit and loss. Initial direct cost in respect of the lease acquired is expensed out in the year in which such costs are incurred:

5. Gratuity

Gratuity is computed as 15 days salary, for every completed year of service or part thereof and is payable on retirement/termination/resignation. The Gratuity plan for the company is a defined benefit scheme where annual contributions as per actuarial valuation are charged to the Statement of profit & loss.

The Provident Fund is a defined contribution scheme whereby the company deposits an amount determined as a fixed percentage of basic pay with the Regional Provident Fund Commissioner.

For summarizing the components of net benefit expense recognized in the statement of profit and loss and amounts recognized in the balance sheet for the respective plans, the details are as under:

6. Segment reporting

In case of geographical (secondary) segment, since segment assets and segment revenue do not exceed 10% of total business, segment reporting is not required:

7. Disclosure on specified bank notes (SBNs)

During the year, the company had specified bank notes or other denomination notes as defined in the MCA Notification G.S.R 308(E ) dated March 31,2017 on the details of Specified Bank Notes(SBN) held and transacted during the period from November 8,2016 to December 30,2016 /the denomination wise SBNs and other notes as per the notification is given below:

8 During the financial year 2016-17 under review, the board of directors of company has at its 65th meeting held on 16th march,2017 declared an interim dividend @15% i.e. Rs.1.50 per Equity Share for the current fiscal 2016-17, which was payable to the members whose name appeared on the Register of members of the company on 31st March, 2017. Final Dividend recommended by the board of directors in the meeting held on May 22,2017for the Financial Year 2016-17 is 25% i.e. Rs. 2.50 per share. Final Dividend is subjected to the approval in Annual General Meeting

9 The Financial statements of the Company for the Year ended March 31,2016 were audited by another auditor m/s Dheeraj Kochar & Co, Chartered Accountants, Mumbai.

(As per prospectus the proceeds of IPO amounting to Rs.1,00,00,000/- is to be allocated for spending in the financial year 2017-18, as regard to the same the aforesaid amount of Rs.1,00,00,000/- is earmarked and maintained as afixed deposit with Canara Bank,Nagpur.

10. The Company had approved redemption of Preference shares at par in its extra ordinary general meeting held on 28th April,2017

11. Previous period figures have been regrouped/ reclassified wherever necessary to conform to current year classification.

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Mar 31, 2016

Note 23 : Additional information to the financial statements

1) Micro And Small Enterprises:

The Company is in the process of updating its suppliers data, as to the status as a Micro Small & Medium Enterprise with a copy of the Memorandum filed as per the provisions of Section 8 of the Micro Small & Medium Enterprises Development Act, 2006.. Hence the information as required under the Micro, Small & Medium Enterprises Development Act, 2006 is not disclosed.

2) Depreciation: ''

Depreciation on fixed assets has been provided on written down value method as per the useful life prescribed in Schedule II to the Companies Act, 2013, except in case of the solar power plant assets, in whose case the life of the assets has been estimated at 35 years taking into account the nature of the assets, the estimated usage of the assets, the operating condition of the assets, anticipated technological changes and maintenance support.

3) Bonus Issue:

Aggregate number and class of shares allotted as fully paid up by way of Bonus Issue-

96.00.000.Equity Shares were issued as fully paid bonus shares by capitalization of General Reserve on 10^th Dec 2015. Pursuant to bonus issue of equity shares in the proportion of 1:24, outstanding 4,00,000 equity shares have increased to 1.00.00.000. ''

6) In terms of Accounting Standard 22 issued by the Institute of Chartered Accountants of India’

8) in the opinion of the Management, the balances shown under Trade Receivables, Loans and Advances have approximately the same realizable value as shown in Accounts.

9) Party balances are subject to confirmation.

10) Previous year figures have been re-grouped wherever necessary.