2.3 Summary of Material Accounting Policy information
a) Foreign Currency Transactions / Translations:

i) Transactions in foreign currencies are

translated to the reporting currency

at exchange rates at the dates of the
transactions.

ii) Monetary assets and liabilities denominated
in foreign currencies at the reporting date
are translated into the reporting currency at
the exchange rate at that date. Non-monetary
items that are measured in terms of historical
cost in a foreign currency are not retranslated.

iii) Exchange differences arising on the

settlement of monetary items or on translating
monetary items at rates different from those
at which they were translated on initial
recognition during the period or in previous
financial statements are recognized in the
Standalone Statement of Profit and Loss in
the period in which they arise.

iv) The Company has availed an option of
continuing the policy adopted for exchange
differences arising from translation of
long-term foreign currency monetary items
outstanding as on April 1, 2024. Accordingly,
foreign exchange gain/losses on long term
foreign currency monetary items relating
to the acquisition of depreciable assets are
added to or deducted from the cost of such
assets and in other cases, such gains or
losses are accumulated in a "Foreign Currency
Monetary Item Translation Difference
Account” to be amortised over the remaining
life of the concerned monetary item.

b) Fair Value measurement

The Company measures certain financial
instrument at fair value at each reporting date. Fair
value is the price that would be received on sale of
an asset or paid to transfer a liability in an orderly
transaction between market participants at the
measurement date. The fair value measurement is
based on the presumption that the transaction to
sell the asset or transfer the liability takes place
either:

• In the principal market for the asset or liability,
or

• In the absence of a principal market, in the
most advantageous market for the asset or
liability

The principal or the most advantageous market
must be accessible by the Company. The fair value
of an asset or a liability is measured using the
assumptions that market participants would use
when pricing the asset or liability, assuming, that
market participants act in their economic best
interest.

A fair value measurement of a non-financial asset
takes into account a market participant''s ability to
generate economic benefits by using the asset in
its highest and best use or by selling it to another
market participant that would use the asset in its
highest and best use.

The Company uses valuation techniques that are
appropriate in the circumstances and for which
sufficient data is available to measure fair value,
maximizing the use of relevant observable inputs
and minimizing the use of unobservable inputs.

All assets and liabilities for which fair value is
measured or disclosed in the financial statements
are categorized within the fair value hierarchy,
described as follows, based on the lowest
level input that is significant to the fair value
measurement as a whole:

• Level 1 — Quoted (unadjusted) market prices
in active markets for identical assets or
liabilities.

• Level 2 (If Level 1 feed is not available /
appropriate) — Valuation techniques for
which the lowest level input that is significant
to the fair value measurement is directly or
indirectly observable.

• Level 3 (If Level 1 and 2 feed is not available /
appropriate) — Valuation techniques for which
the lowest level input that is significant to the
fair value measurement is unobservable.

The Company''s Board / Board Committee / Director
approves the policies for both recurring fair value
measurement, such as derivative instruments
and unquoted financial assets measured at fair
value, and for non-recurring measurement, such
as assets held as part of discontinued operations.
Where required / appropriate, external valuers are
involved. The Board / Board Committee review the
valuation results. This includes a discussion of the
major assumptions used in the valuations.

C) Revenue Recognition

The Company earns revenue primarily by providing
Management Consultancy Services in Healthcare
sector, Medical Tourism Services, Project
Management Consultancy and Sale of Medical
Equipment.

Revenue is recognised upon transfer of control of
promised products or services to customers in an
amount that reflects the consideration which the
Company expects to receive in exchange for those
products or services. When there is uncertainty
on ultimate collectability, revenue recognition is
postponed until such uncertainty is resolved.

Revenue towards satisfaction of a performance
obligation is measured at the amount of transaction
price (net of variable consideration) allocated
to that performance obligation. The transaction
price of goods sold and services rendered is net
of variable consideration on account of various
discounts and schemes offered by the Company
as part of the contract. The timing of the transfer
of control varies depending on the individual terms
of the sales agreements.

Management Consultancy Fees:

The Company provides operational and
management consultancy services to healthcare
facilities operated by group companies across
various countries. Management consultancy fees
are charged on a quarterly basis in accordance
with the terms of the respective service
agreements and are primarily linked to the revenue
of the healthcare facilities operated by the group
companies.

Sale of Medical Equipment:

In respect of sale of medical equipment, where
the performance obligation is satisfied at a point
in time, revenue is recognised when the control of
goods is transferred to the customer. Revenue from
the sale of goods is measured at the transaction
price received or receivable, net of returns and
allowances, trade discounts and volume rebates.

Project Management Consultancy Income:

In respect of project consultancy income,
i.e. the revenue arising from the Operating

and Maintenance (O&M) contracts where the
performance obligation is satisfied over time,
revenue is recognised along the period when
the services are received and accepted by the
customer. Hospital Project Consultancy income
is recognised as and when it becomes due, on
percentage completion method, on achievement
of milestones.

Dividend and interest income:

Dividend income from investments is recognised
when the shareholder''s right to receive payment
has been established (provided that it is probable
that the economic benefits will flow to the Company
and the amount of income can be measured
reliably). Interest income from a financial asset is
recognised when it is probable that the economic
benefits will flow to the Company and the amount
of income can be measured reliably. Interest
income is accrued on a time basis, by reference
to the principal outstanding and at the effective
interest rate applicable, which is the rate that
exactly discounts estimated future cash receipts
through the expected life of the financial asset
to that asset''s net carrying amount on initial
recognition.

D) Taxes on Income

Income tax expense comprises current and
deferred tax. It is recognised in Standalone
Statement of Profit and Loss except to the extent
that it relates to items recognised directly in equity
or in OCI.

Current Tax

Current tax comprises the expected tax payable
or receivable on the taxable income or loss for
the year and any adjustment to the tax payable
or receivable in respect of previous years. It is
measured at the amount expected to be recovered
from or paid to the taxation authorities using tax
rates enacted or substantively enacted at the
reporting date. Current tax also includes any tax
arising from dividends if any.

Current tax assets and liabilities are offset only if,
the Company:

a) as a legally enforceable right to set off the
recognised amounts; and

b) Intends either to settle on a net basis, or
to realise the asset and settle the liability
simultaneously.

Deferred Tax

Deferred tax is recognised in respect of temporary
differences between the carrying amounts of
assets and liabilities for financial reporting
purposes and the amounts used for taxation
purposes. Deferred tax assets are recognised
for unused tax losses, unused tax credits and
deductible temporary differences to the extent
that it is probable that future taxable profits will
be available against which they can be used.
Deferred tax assets are reviewed at each reporting
date and are reduced to the extent that it is no
longer probable that the related tax benefit will be
realised; such reductions are reversed when the
probability of future taxable profits improves.

Unrecognised deferred tax assets are reassessed
at each reporting date and recognised to the
extent that it has become probable that future
taxable profits will be available against which
they can be used. Deferred tax is measured at
the tax rates that are expected to be applied to
temporary differences when they reverse, using
tax rates enacted or substantively enacted at the
reporting date. The measurement of deferred tax
reflects the tax consequences that would follow
from the manner in which the Company expects, at
the reporting date, to recover or settle the carrying
amount of its assets and liabilities.

Deferred tax assets and liabilities are offset only if:

a) The Company has a legally enforceable right
to set off current tax assets against current
tax liabilities; and

b) The deferred tax assets and the deferred tax
liabilities relate to income taxes levied by the
same taxation authority on the same taxable
entity

E) Property, Plant and Equipment

i) Recognition and Measurement

All items of Property, Plant and Equipment are
initially recorded at cost. Subsequent to initial

recognition, Property, Plant and Equipment
are measured at cost less accumulated
depreciation and any accumulated
impairment losses. The carrying values of
Property, Plant and Equipment are reviewed
for impairment when events or changes in
circumstances indicate that the carrying
value may not be recoverable.

The cost of an item of Property, Plant and
Equipment is recognized as an asset if, and
only if, it is probable that future economic
benefits associated with the item will flow
to the Company and the cost of the item can
be measured reliably. The cost includes the
purchase price and any directly attributable
costs of bringing the asset to its working
condition and location for its intended use,
cost of replacing part of the Property, Plant
and Equipment and borrowing costs that
are directly attributable to the acquisition,
construction or production of a qualifying
Property, Plant and Equipment. All other
repair and maintenance costs are recognised
in the Statement of Profit or Loss as incurred.

Property, Plant and Equipment which are not
ready for intended use as on date of balance
sheet are disclosed as "Capital Work-in¬
Progress”.

Gain/losses arising from retirement or
disposal of fixed assets which are carried at
cost are recognised in the statement of Profit
and loss.

ii) Depreciation and Amortization

Depreciation on Property, plant and
equipment is provided using the written down
value method based on the useful lives of
the assets as estimated by the management
and is charged to the statement of profit and
loss as per requirement of schedule II of the
Companies act ,2013. Intangible assets have
used following useful lives of the property,
plant and equipment to provide Depreciation.
Assets held under finance leases are
depreciated over their expected useful lives
on the same basis as owned assets. However,
when there is no reasonable certaintythat
ownership will be obtained by the end of
the lease term, assets are depreciated over

Individual asset not exceeding '' 5,000 have
been fully depreciated in the year of purchase.

F) Intangible Assets

Initial Recognition and Measurement

I) Intangible assets are carried at cost less
accumulated amortisation and impairment
losses, if any. The cost of an intangible asset
comprises of its purchase price, including
any import duties and other taxes (other
than those subsequently recoverable from
the taxing authorities), and any directly
attributable expenditure on making the
asset ready for its intended use. Expenditure
on development eligible for capitalisation
are carried as Intangible assets under
development where such assets are not yet
ready for their intended use.

II. Subsequent Expenditure

Subsequent expenditure is capitalised only
if it is probable that the future economic
benefits associated with the expenditure will
flow to the Company.

to their present location and condition
including non-creditable taxes and other

levies.

The comparison of cost and net realisable value
is made on an item-by-Item basis. Inventories of
stores and spare parts are valued at cost. Net
realizable value is the estimated selling price in
the ordinary course of business, less estimated
costs of completion and to make the sale. Cost is
determined on First-in-first-out (FIFO) basis.

I) Impairment of Non-financial Assets

The carrying value of the assets/cash generating
units at each balance sheet date are reviewed
for impairment. If any, such indication exists, the
company estimates their recoverable amount
and impairment is recognised if, the carrying of
these assets /cash generating units exceeds their
recoverable amount. The recoverable amount is
greater of the net selling price and their value in
use. When there is indication that an impairment
loss recognised for an asset in earlier accounting
period no longer exists or may have decreased,
such reversal of impairment loss is recognised in
the Statement of Profit and Loss

H) Inventories

Inventories are valued at cost or net realizable
value, whichever is lower. Cost also includes all
charges incurred for bringing the inventories

2. Significant Accounting Policies

2.01 Basis of preparation of financial statements:

The financial statements have been prepared on a going concern
basis under the historical cost convention, the applicable
Accounting Standards as notified under the Companies
(Accounting Standards) Rules, 2006 (“AS") and the relevant
provisions of the Companies Act, 1956 (“the Act") (which
continue to be applicable in respect of section 133 of the
Companies Act, 2013 in term of General Circular 15/2013 dated
13th September, 2013 of the Ministry of Corporate Affairs), as
adopted consistently by the Company.

The Company follows mercantile system of accounting and
recognizes significant items of income and expenditure on
accrual basis.

2.02 Classification of Assets and Liabilities as Current and Non¬
Current:

All assets and liabilities have been classified as current or non¬
current as per the Company’s operating cycle and other criteria
set out in the Schedule III of the Companies Act, 2013. Based
on the nature of products and the time between the acquisition
of assets for processing and their realisation in cash and cash
equivalents, the Company has ascertained its operating cycle
as 12 months for the purpose of current and non-current
classification of assets and liabilities.

2.03 Use of estimates:

The preparation of financial statements in conformity with
generally accepted accounting principles requires management
to make estimates and assumptions that affect the reported

amounts of assets and liabilities and disclosure of contingent
liabilities as of the date of the financial statements and the
reported amounts of revenue and expenses during the reported
period. The estimates and assumptions used in the accompanying
financial statements are based upon management’s evaluation
of the relevant facts and circumstances as of the date of financial
statements. Actual results may differ from the estimates used in
preparing the accompanying financial statements. Any revision
to accounting estimates is recognized prospectively in current
and future periods.

2.04 Property, plant and equipment :

Property, plant and equipment are carried at the cost of
acquisition or construction, less accumulated depreciation/
accumulated impairment. The cost of Property, plant and
equipment comprises of its purchase price, including import
duties and other non-refundable taxes or levies and any directly
attributable cost of bringing the asset to its working condition
for its intended use.

Property, plant and equipment which are not ready for intended
use as on the date of Balance Sheet are disclosed as “Capital
work-in-progress".

Gains/losses arising from retirement or disposal of fixed assets
which are carried at cost are recognised in the Statement of
Profit and Loss.

2.05 Depreciation & Amortization:

Depreciation on Property, plant and equipment is provided
using the Written Down Value Method based on the useful
lives of the assets as estimated by the management and
is charged to the Statement of Profit and Loss as per the
requirement of Schedule II of the Companies Act, 2013.
Intangible Assets are to be amortized on a Written Down Value
Method based on the estimated useful economic life.

The Company has used following useful lives of the

Property, Plant & Equipment to provide Depreciation.

2.06 Impairment of Assets :

Consideration is given at each balance sheet date to determine
whether there is any indication of impairment of the carrying
amount of the Company’s fixed assets. If any indication exists,
an asset’s recoverable amount is estimated. An impairment loss
is recognized whenever the carrying amount of an asset exceeds
its recoverable amount. The recoverable amount is the greater of
the net selling price and value in use. In assessing value in use,
the estimated future cash flows are discounted to their present
value based on an appropriate discount factor.

Reversal of impairment losses recognized in prior years is
recorded when there is an indication that the impairment losses
recognized for the asset no longer exists or has decreased.
However, the increase in carrying amount of an asset due to
reversal of an impairment loss is recognized to the extent it
does not exceed the carrying amount that would have been
determined (net of depreciation) had no impairment loss been
recognized for the asset in prior years.

2.07 Borrowing Cost :

Borrowing costs that are attributable to acquisition or
construction of qualifying assets are capitalized as a part of
cost of such assets upto the commencement of commercial
operations. A qualifying assets is the one that necessarily takes
substantial period of time to get ready for intended use. Other
borrowing costs are recorded as an expense in the year in which
they are incurred.

The amount of exchange difference not exceeding the difference
between interest on local currency borrowings and interest on
foreign currency borrowings is considered as borrowing costs.

2.08 Investment:

All long term investments are to be stated at cost. Provision for
diminution, if any, in the value of investments is to be made to
recognize a decline, other than temporary, in the opinion of the
management.

Current investments are to be carried at the lower of cost and
fair value, determined on a category-wise basis.

2.09 Inventories:

Finished goods:

Finished goods are valued at lower of cost and net realizable
value.

2.10 Revenue Recognition:

Revenue is recognized to the extent it is probable that the
economic benefits will flow to the Company and the revenue can
be reliably measured.

Revenue from sale of product:

Revenue is recognized when significant control is transferred
to the buyer,recovery of the consideration is probable,the
associated cost and possible return of goods can be estimated
reliably, there is no continuing management invlovement with
the goods and amount of revenue can be measured reilably.
Accordingly the time of recognition of revenue is dependent on
the specific terms agreed with the customer.

In case of sale of goods with customers, the Company recognizes
revenue when the goods are separately identified and ready for
physical transfer and the Company cannot use these goods for
any other purpose and the reason for such an arrangement is
substantive.

Revenue from rendering of Service :

Revenue from rendering of service is recognised as the service
is performed,either by the proportionate completion method or
the by the completed service contract method.Revenues from
services is recognized in accordance with the terms of the
relevant agreement(s) as generally accepted and agreed with the
customers.

Other Income:

The company has entered into lease agreement with its
subsidiaries for space allocation to develop their business area
by charging amount by way of Rent. The long term dues which
are not likely to be recoverable in future have been decided by
management for providing for write back/write off wherever
necessary. Interest income is recognized on a time proportionate
basis taking into account the amounts invested.

2.11 Foreign Currency Transactions:

Initial recognition:

Foreign currency transactions are recorded in the reporting
currency, by applying to the foreign currency amount the

exchange rate between the reporting currency and the foreign
currency at the date of the transaction. Non Monetary Items
are recorded at the exchange rate prevailing as on the date of
transaction.

Subsequent recognition:

Monetary assets and liabilities such as foreign currency
receivables, payables, borrowings outstanding at the year-
end are translated at the year-end rate. Resultant exchange
difference arising on realisation / payment or translation at year
end is recognized as income or expense in the year in which they
arise.

Exchange differences arising on the settlement of monetary
items or on reporting Company’s monetary items at rates
different from those at which they were initially recorded during
the year, or reported in previous financial statements, are
recognized as income or as expenses in the year in which they
arise.

2.12 Taxation:

Income tax expense comprises current tax expense and deferred
tax.

Current Taxes :- Provision for current income-tax is recognized in
accordance with the provisions of the Income-tax Act, 1961 and
is made annually based on the tax liability after taking credit for
tax allowance and exemptions.

Deferred Taxes :- The deferred tax charge or credit and the
corresponding deferred tax liabilities or assets is recognized for
the future tax consequence attributable to the timing differences
between the profits/ losses offered for income taxes and profits/
losses as per the financial statements. Deferred tax assets and
liabilities are measured using the tax rates and the tax laws
that have been enacted or substantively enacted at the balance
sheet date. Deferred tax assets are recognized only to the extent
there is reasonable certainty that the assets can be realized in
future; however, where there is unabsorbed depreciation or
carried forward loss under taxation laws, deferred tax assets
are recognized only if there is a virtual certainty of realization
of such assets. Deferred tax assets are reviewed as at each
balance sheet date and written down or written up to reflect the
amount that is reasonable/virtually certain (as the case may be)
to be realized.

1 Corporate Information

The company was originally incorporated on 26/02/2010 as a Private Limited Company under the name “Unihealth Consultancy Private Limited” having CIN U85100MH2010PTC200491 issued by the Registrar of Companies, Maharashtra, Mumbai. The status of the company changed to public limited and the name was changed to “Unihealth Consultancy Limited” having CIN U85100MH2010PLC200491. The Company is predominantly engaged in business of Medical Tour Operator and Health Consultancy Service & Trader in Medical Equipments.

2. Significant Accounting Policies

2.01 Basis of preparation of financial statements:

The financial statements have been prepared on a going concern basis under the historical cost convention, the applicable Accounting Standards as notified under the Companies (Accounting Standards) Rules, 2006 (“AS”) and the relevant provisions of the Companies Act, 1956 (“the Act”) (which continue to be applicable in respect of section 133 of the Companies Act, 2013 in term of General Circular 15/2013 dated 13th September, 2013 of the Ministry of Corporate Affairs), as adopted consistently by the Company.

The Company follows mercantile system of accounting and recognizes significant items of income and expenditure on accrual basis.

2.02 Classification of Assets and Liabilities as Current and Non-Current:

All assets and liabilities have been classified as current or non-current as per the Company’s operating cycle and other criteria set out in the Schedule Ill of the Companies Act, 2013. Based on the nature of products and the time between the acquisition of assets for processing and their realisation in cash and cash equivalents, the Company has ascertained its operating cycle as 12 months for the purpose of current and non-current classification of assets and liabilities.

2.03 Use of estimates:

The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent liabilities as of the date of the financial statements and the reported amounts of revenue

Amortisation is recognised on a written down value over their estimate useful life.

Intangible Assets and their useful lives are as under:

2.06 Impairment of Assets :

Consideration is given at each balance sheet date to determine whether there is any indication of impairment of the carrying amount of the Company’s fixed assets. If any indication exists, an asset’s recoverable amount is estimated. An impairment loss is recognized whenever the carrying amount of an asset exceeds its recoverable amount. The recoverable amount is the greater of the net selling price and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value based on an appropriate discount factor.

Reversal of impairment losses recognized in prior years is recorded when there is an indication that the impairment losses recognized for the asset no longer exists or has decreased. However, the increase in carrying amount of an asset due to reversal of an impairment loss is recognized to the extent it does not exceed the carrying amount that would have been determined (net of depreciation) had no impairment loss been recognized for the asset in prior years.

2.07 Borrowing Cost :

Borrowing costs that are attributable to acquisition or construction of qualifying assets are capitalized as a part of cost of such assets upto the commencement of commercial operations. A qualifying assets is the one that necessarily takes substantial period of time to get ready for intended use. Other borrowing costs are recorded as an expense in the year in which they are incurred.

The amount of exchange difference not exceeding the difference between interest on local currency borrowings and interest on foreign currency borrowings is considered as borrowing costs.

2.08 Investment:

All long term investments are to be stated at cost. Provision for diminution, if any, in the value of investments is to be made to recognize a decline, other than temporary, in the opinion of the management.

Current investments are to be carried at the lower of cost and fair value, determined on a category-wise basis.

2.09 Inventories:

Finished goods:

Finished goods are valued at lower of cost and net realizable value.

2.10 Revenue Recognition:

Revenue is recognized to the extent it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured.

Revenue from sale of product:

Sale of goods is recognized as revenue when the significant risks and rewards of ownership of the goods have passed to the buyer.

Revenue from rendering of Service :

Revenue from rendering of service is recognised as the service is performed,either by the proportionate completion method or the by the completed service contract method.

Deferred Taxes :- The deferred tax charge or credit and the corresponding deferred tax liabilities or assets is recognized for the future tax consequence attributable to the timing differences between the profits/ losses offered for income taxes and profits/ losses as per the financial statements. Deferred tax assets and liabilities are measured using the tax rates and the tax laws that have been enacted or substantively enacted at the balance sheet date. Deferred tax assets are recognized only to the extent there is reasonable certainty that the assets can be realized in future; however, where there is unabsorbed depreciation or carried forward loss under taxation laws, deferred tax assets are recognized only if there is a virtual certainty of realization of such assets. Deferred tax assets are reviewed as at each balance sheet date and written down or written up to reflect the amount that is reasonable/virtually certain (as the case may be) to be realized.

2.13 Provisions and Contingencies :

The Company creates a provision when there is present obligation as a result of a past event that probably requires an outflow of resources and a reliable estimate can be made of the amount of the obligation. Provisions are reviewed at each balance sheet date and adjusted to reflect the current best estimate. If it is no longer probable that an outflow of resources would be required to settle the obligation, the provision is reversed. Provision is not discounted to its present value.

A disclosure for a contingent liability is made when there is a possible obligation arising from the past events, the existence of which will be confirmed only by the occurrence or non-occurrence of one or more future events not wholly within the control of the Company or a present obligation that arises from the past events where it is either not probable that an outflow of resources will be required to settle or a reliable estimate of the amount cannot be made.

Contingent assets are not recognized in the financial statements. However, contingent assets are assessed continually and if it is virtually certain that an inflow of economic benefits will arise, the asset and related income are recognized in the period in which the change occurs.

2.14 Cash and cash equivalents :

Cash&cash equivalentsforthepurposeofcashflowstatement comprises cash at bank and in hand, demand deposits deposits with banks, othershortterm higly liquidinvestments

with original maturities of three months or less

2.15 Earnings per share :

Basic earnings per share are computed by dividing the net profit after tax by the weighted average number of equity shares outstanding during the period. The diluted EPS is calculated on the same basis as basic EPS, after adjusting for the effects of potential dilutive equity shares unless the impact is anti dilutive.

2.16 Related party transactions :

Transactions with related parties in the ordinary course of the Company’s business are detailed in Note No. 26 to the financial statements.

2.17 Events Occurring after Balance Sheet Date :

Events that occur between balance sheet date and date on which these are approved, might suggest the requirement for an adjustment(s) to the assets and the liabilities as at balance sheet date or might need disclosure.

(a) Adjusting Events: Adjustments are required to be made in the Financial Statements for events which occur after balance sheet date which offer added information substantially affecting the determination of the amounts which relates to the conditions that existed at balance sheet date.

(b) Non-Adjusting Events: Adjustments aren’t required to the Financial Statements for events which occur after balance sheet date, in case such events don’t relate to the conditions which existed at balance sheet date. There’re events which, though occurring after balance sheet date, are sometimes presented in financial statements because of their special nature or due to statutory requirements.

2.18 Employee Benefit :

Short term Employee Benefits

Employee benefit payable wholly within twelve months of receiving employee services are classified as shortterm employee benefits. These benefits include salaries, wages and bonus. The undiscounted amount of short-term employee benefits to be paid in exchange for employee services is recognised as an expense as the related service is rendered by employees.

Provident Fund

As per the Employees Provident Funds and Miscellaneous Provision Act, 1952 employees of the Company are entitled