Notes to Accounts of DCG Cables & Wires Ltd.

Mar 31, 2025

15. PROVISIONS. CONTINGENT LIABILITIES AND CONTINGENT ASSETS:

Contingent Liabilities as defined in Accounting Standard (AS) - 29 "Provisions, Contingent Liabilities
dealt with as a contingent liability. Provisions involving substantial degree of estimation in
measurement are recognized when there is a present obligation as a result of past events and it is
probable that there will be an outflow of resources. Contingent liabilities are not recognized but are
disclosed in the notes. Contingent assets are neither recognized nor disclosed in the financial
statements and Contingent Assets" are disclosed by way of notes to the accounts.

16. EARNING PER SHARE:

Earnings per share has been arrived by taking into consideration the profit after tax divided by the
weighted average number of shares for the relevant financial year. The same is arrived as per
Accounting Standard - 20 to determine the comparison of performance among different enterprises
for the same period and among different period for same enterprises.

NOTE : 2

NOTES FORMING PART OF ACCOUNTS

1. Previous year''s figures have been regrouped and re-arranged wherever necessary to make them
comparable with that of current year''s figures as per Schedule - III format prescribe in the Companies
Act, 2013.

2. In the opinion of the Board, Current Assets, Loans and Advances are approximately of the value stated
if realized in the ordinary course of business. The provisions of all the known liabilities are adequate
and not in excess of the account reasonably necessary.

3. The balances of Debtors and Creditors are subject to confirmation.

6. Company has complied with the Accounting Standard - 22 issued by the Institute Of Chartered
Accountants of India and the provision for deferred tax has been made during the year.

6.1 The Company was required to spend Rs.10.07 lacs towards Corporate Social Responsibility (CSR)
activities during the year, in accordance with Section 135 of the Companies Act, 2013. However, the
Company neither provided the said expense in accounts nor has spent the said amount in the current
financial year. As per the management letter provided to us, the company will transfer the unspent CSR
amount relating to non-ongoing projects to a Fund specified in Schedule VII to the Companies Act within
a period of six months of the expiry of the financial year, in compliance with the second proviso to sub¬
section (5) of section 135 of the said Act.

7. DETAILS OF EMPLOYEE BENEFIT :

(a) Defined Contribution Plan :

- The Company has defined contribution plan in form of Provident Fund and Employee State Insurance
Scheme for qualifying employees. Under the Schemes, the Company is required to contribute a
specified rates to fund the schemes.

(b) Defined Benefits Plan :

- The Company provides for retirement benefits in the form of Gratuity. The Company''s gratuity
scheme (funded) provides for lump sum payment to vested employees at retirement, death while in
employment or on termination of employment. The present value of the defined benefits plan was
measured using the projected unit credit method. The Company presents the above liability as
current and non-current in the Balance sheet as per actuarial valuation by independent actuary.

There are Micro and Small Enterprises, to whom the Company owes dues, which are outstanding for
more than 45 days during the year and also as at 31st March, 2025. This information as required to be
disclosed under the Micro, Small and Medium Enterprises Development Act, 2006 has been
determined to the extent such parties have been identified on the basis of information available with
the Company.

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Mar 31, 2024

6. Company has complied with the Accounting Standard - 22 issued by the Institute Of Chartered Accountants Oi India and the provision for deferred tax has been made during the year

7. DETAILS OF EMPLOYEE BENEFIT :

(a) Defined Contribution Plan ;

The Company has defined contribution plan in form of Provident fund and Employee State Insurance Scheme for qualifying employees. Under the Schemes, the Company is required to contribute a specified rates to fund the schemes.

(b) Defined Benefits Plan :

The Company provides for retirement benefits in the form of Gratuity, The Company’s gratuity scheme (funded) provides for lump sum payment to vested employees at retirement, death while in employment or on termination of employment. The present value of the defined benefits plan was measured using the projected unit credit method.

The Company presents the above liability as current and non-current in the Balance sheet as per actuarial valuation by independent actuary

The following tables set out the status of the gratuity plan and amounts recognised in the financial statements as on 31^s1 March 2024.

The Company has started recognizing the gratuity liability in the books of accounts based on the actuarial valuation from FY 2023-24. Hence, the Opening liability of Ks.3.51 lacs has been booked as Prior Period Expense and expense recognized in the statement of Proiil and Loss account for the current period 2023-24 is of Rs. 1.92 lacs.

(c) Leave Effljaghmentt

The company has the polity of recognizing the expenses in connection to the same as and when the same are incurred.

12. MICRO, SMALL AND MEDIUM SCALE BUSINESS ENTITIES:

There arc Micro and Small Enterprises, to whom the Company owes dues, which are outstanding for more than 45 days during foe year and also as at 31 si March. 2024. This information as required to be disclosed under the Micro, Small and Medium linteipriscs Development Acl. 2006 has been determined to the extent such parties have been identified on the basis of information available with the Company.