అకౌంట్స్ గమనికలుStarlit Power Systems Ltd.

Mar 31, 2025

13.2 No equity shares have been reserved for issue under options and contracts/ commitments for the sale of shares/ disinvestment as at the Balance Sheet date.

13.3 No equity shares have been bought back by the Company during the period of 5 years preceding the date as at which the Balance Sheet is prepared.

13.4 No securities convertible into equity shares have been issued by the Company during the year.

13.5 No calls are unpaid by any Director or Officer of the Company during the year.

Nature/ Purpose of each reserve

a) Securities Premium: The amount received in excess of face value of the equity shares is recognised in Securities Premium Reserve. This reserve is utilised in accordance with the provisions of the Companies Act 2013.

b) General Reserve: The reserve arises on transfer portion of the net profit to general reserve

c) Retained Earning: Generally represents the undistributed profit/amount of accumulated earnings of the company.

d) “Other Comprehensive Income (OCI) : Other Comprehensive Income (OCI) represents the balance in equity for items to be accounted under OCI and comprises of the following:

i) Equity Instruments through OCI: The Company has elected to recognise changes in the fair value of certain investment in equity instrument in other comprehensive income.

ii) Remeasurement of defined benefit obligations: The actuarial gains and losses arising on defined benefit obligations have been recognised in OCI. The amount is subsequently transferred to retained earnings as per the Schedule III requirement.

29 29.1	Contingent Liabilities & Commitment to the extent not provided for: Contingent Liabilities		(? in Lakhs)
	Particulars		31st March 2025	31st March 2024
	(A) Contigent Liabilities		19.50	19.50
	Total		19.50	19.50
There is a pending tax demand of Rs. 13.16 Lakhs with interest of Rs. 6.34 Lakhs for A.Y 2017-18 . The company has filed an appeal before CIT(A) & hopeful to get rel

Segment Reporting

Operating segments are defined as components of an enterprise for which discrete financial information is available that is evaluated regularly by the Chief Operating Decision Maker, in deciding

33.2 cash and cash equivalents, trade receivables,

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33.3 amounts of Financial assets and Financial

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33.4 floating rates of interest, which are reset at short intervals Fair value of floating interest rate

34 Financial Risk Management

Financial management ot the Company has been receiving attention of the top management of the Company. The management considers finance as the lifeline of the business and therefore, financial management is carried out meticulously on the

34.1 Credit Risk

The credit risk is the risk of financial loss arising from counter party failing to discharge an obligation. The credit risk is controlled by analysing

34.2 Liquidity Risk

The Company determines its liquidity requirement

in the short, medium and long term. This is done The Company manage its liquidity risk in a manner

so as to meet its normal financial obligations without any significant delay or stress. Such risk is managed through ensuring operational cash flow

Maturity analysi s for financial liabilities

The following are the remaining contractual

-Note: i ne amounts are gross ana undiscounted,-

and include contractual interest payments and exclude the impact of netting agreements (if any).

The interest payments on variable interest rate loans in the tables above reflect market forward interest rates at the respective reporting dates and

34.3 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 Foreign Exchange Risk Foreign Exchange Risk is the exposure of the Company to the potential impact of the movement

in foreign exchange rate The Company does not

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 rates. The comoanv’s exoosure to the risk of chanaes in The Company is also exposed to interest rate risk on surplus funds parked in loans. To manage such

35 Capital Management

The Company objective to manage its capital is to ensure continuity of business while at the same time provide reasonable returns to its various stakeholders but keep associated costs under control. In order to achieve this, requirement of

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Mar 31, 2023

PROVISION AND CONTIGENT LIABILTY ASSEST

(i) Foreign currency transactions denominated in foreign currencies are normally recorded at the
exchange rate prevailing at the time of the transaction.

(ii) Borrowing costs are directly attributable to the acquisition, construction or production of qualifying
assets is capitalized till the month in which the assets is ready to use as part of the cost of that asset.
Other interest and borrowing costs are charged to revenue.

(iii) In case of the new industrial unit, all the operating expenditure (including borrowing costs)
specifically for the project, incurred up to the date of installation, is capitalized and added pro-rata to
the cost of fixed assets.

(iv) Revenue from sale of goods is recognized on transfer of significant risks and rewards of ownership to
the buyer. Gross revenue from operations comprises of sale of products and others operating incomes.
Excise duty in not applicable on the finished goods manufactured by the company.

(v) In the opinion of the company''s Management, there is no impairment to the assets to which Indian
Accounting Standard 36 “Impairment of Assets" applied requiring any revenue recognition.

(vi) Earnings per share

Basic Earnings per equity share is computed by dividing the net profit or loss attributable to equity
shareholders of the Company by the weighted average number of equity shares outstanding during the
financial year. Diluted earnings per equity share is computed by dividing the net profit or loss
attributable to equity shareholders of the Company by the weighted average number of equity shares
considered for deriving basic earnings per equity share and also the weighted average number of equity
shares that could have been issued upon conversion of all dilutive potential equity shares.

(vii) Statement of Cash Flow

Cash flows are reported using the indirect method prescribed in IND AS 7 ''Statement of Cash Flows'',
whereby profit for the year is adjusted for the effects of transactions of a non-cash nature, any deferrals
or accruals of past or future operating cash receipts or payments and item of income or expenses
associated with investing or financing cash flows from operating, investing and financing activities of the
Company are segregated. The Company considers all highly liquid investments that are readily
convertible to known amounts of cash.

(viii) Certain balances of debtors, creditor''s, loans and advances are subject to confirmation from
parties. No significant impact is expected on profit and loss account on this account. Effect of the same
will be adjusted at the time of confirmation.

(ix) As per information and explanation given to us there are no Benami Properties in the company.

(x) As explained to us by the management, the company is not declared a willful defaulter by any
financial institution.

(xi) As per the information & Explanation given to us, the Company has not traded or invested in crypto
currency or virtual currency.

(xii) The figures of previous year have been recast/re-grouped to conform to the classification required
wherever necessary to make from comparable with the figure of the current year.

(xiii) In the opinion of Board, current assets loans and advances have a realizable value equivalent to the
amount at which they are stated in the Balance Sheet and the provision for all known liabilities have
been made except to the extent appearing in the annexure to accounting policies and general notes
forming part of these financial statements.

(xiv) Company has not disclosed or surrendered any income which were not disclosed in earlier year
under the relevant provision of Income Tax Act,1961.

(xv) Related Party Disclosures