Notes to Accounts of Dhanashree Electronics Ltd.

Mar 31, 2025

1.12 Provision for Current Tax:

Current tax in respect of taxable income for the year is recognised based on applicable tax rate and laws.
Deferred tax is recognised for all the timing differences, subject to the consideration of prudence in respect of
deferred tax assets. Deferred tax assets are recognised and carried forward only to the extent that there is a
reasonable certainty that sufficient future taxable income will be available against which such deferred tax
assets can be realised. Deferred tax assets and liabilities are measured using the tax rates and tax laws that
have been enacted or substantively enacted by the Balance Sheet date.

1.13 Earning Per Share:

The Company reports basic and diluted earnings per equity share in accordance with Accounting Standard-20,
“Earnings Per Share”. Basic earnings per equity share are computed by dividing net profit/loss after tax
(including the post tax effect of extraordinary items, if any) attributable to equity shareholders by the weighted
average number of equity shares outstanding during the year. Diluted earnings during the year adjusted for
effects of all dilutive potential equity shares per equity share is computed using the weighted average number
of equity shares and dilutive potential equity shares outstanding during the year.

1.14 Cash and Cash Equivalents:

Cash comprises cash in hand and demand deposits with banks. Cash equivalents are short-term balances (with
an original maturity of three months or less from the date of acquisition), highly liquid investments that are
readily convertible into known amounts of cash and which are subject to insignificant risk of changes in value.

1.15 Recent pronouncements

Ministry of Corporate Affairs (“MCA”) notifies new standard or amendments to the existing standards under
Companies (Indian Accounting Standards) Rules as issued from time to time. On March 23, 2022, MCA
amended the Companies (Indian Accounting Standards) Amendment Rules, 2022, applicable from April 1,

a) Ind AS 103 - Reference to Conceptual Framework

The amendments specify that to qualify for recognition as part of applying the acquisition method, the
identifiable assets acquired and liabilities assumed must meet the definitions of assets and liabilities in the
Conceptual Framework for Financial Reporting under Indian Accounting Standards (Conceptual Framework)
issued by the Institute of Chartered Accountants of India at the acquisition date. These changes do not
significantly change the requirements of Ind AS 103. The Company does not expect the amendment to have
any significant impact in its financial statements.

b) Ind AS 16 — Proceeds before intended use

The amendments mainly prohibit an entity from deducting from the cost of property, plant and equipment
amounts received from selling items produced while the company is preparing the asset for its intended use.
Instead, an entity will recognise such sales proceeds and related cost in profit or loss. The Company does not
expect the amendments to have any impact in its recognition of its property, plant and equipment in its
financial statements.

c) Ind AS 37 — Onerous Contracts - Costs of fulfilling a contract

The amendments specify that that the ‘cost of fulfilling’ a contract comprises the ‘costs that relate directly to
the contract’. Costs that relate directly to a contract can either be incremental costs of fulfilling that contract
(examples would be direct labour, materials) or an allocation of other costs that relate directly to fulfilling
contracts. The amendment is essentially a clarification and the Company does not expect the amendment to
have any significant impact in its financial statements.

d) Ind AS 109 — Annual improvements to Ind AS (2021)

The amendment clarifies which fees an entity includes when it applies the ‘10 percent’ test of Ind AS 109 in
assessing whether to derecognise a financial liability. The Company does not expect the amendment to have
any significant impact in its financial statements.

Disclosures required under Section 22 of the Micro, Small and Medium Enterprises Development Act,

^30.1 2006

Based on the information available with the Company, creditors have been identified as “supplier” within the meaning of
“ Micro, Small and Medium Enterprises Development (MSMED) Act 2006”. This information has been relied upon by
the auditors.

30.2 Foreign Currency Transaction

The foreign Exchange transaction entered into are marked to market as on the closing date and any difference is
transferred to profit and loss account

30.3 Employee benefits plans

Short-term employee benefits are recognized as an expense at the undiscounted amount in the profit and loss account
of the year in which the related service is rendered.

No provision is made for Gratuity, it will be recorded on payment basis.

Employee benefits include provident fund long service awards and post-employment medical benefits.
Post-Employment Benefits

A defined contribution plan is a post-employment benefit plan under which the Company pays specified contributions to
a separate entity. The Company makes specified monthly contributions towards Provident Fund. The Company’s
contribution is recognised as an expense in the Profit and Loss Statement during the period in which the employee
renders the related service.

Defined Contribution Plans

The liability in respect of defined contribution plans and other post-employment benefits is calculated using the
Projected Unit Credit Method and spread over the period during which the benefit is expected to be derived from
employees’ services.

Actuarial gains and losses in respect of post-employment and other long term benefits are charged to the Profit and Loss
Statement.

Deferred tax is recognised on temporary differences between the carrying amounts of assets and liabilities and the
amount used for taxation purpose (tax base), at the tax Tax effects of signifi cant timing differences, that resulted in
Deferred Tax Asset & Liabilities and description of item thereof that creates these differences are as follows :

An item of property, plant and equipment/intangible assets is treated as impaired when the carrying value of the assets
exceeds its recoverable value, being higher of the fair value less cost to sell and the value in use. An impairment loss is
recognized as an expense in the Profit and Loss Account in the year in which an asset is impaired. The impairment loss
recognized in prior accounting period is reversed if there has been an improvement in recoverable amount.

3¹ Previous year Comparatives

The figures of the previous year have been regrouped/re-arranged wherever necessary for true and fair presentation of
the financial statements.

32 Figures are rounded off to the nearest multiple of hundred and shown in balance sheet in thousands
As per our Report of even date

Surana Sunil & Co. FOR DHANASHREE ELECTRONICS LIMITED

Chartered Accountants
FRN No. 325616E

Nitesh Toshniwal
Managing Director(DIN:00052422)

CA PALLAVI KOTHARI Rishav Sethia

Partner Director(DIN:10196319)

Membership No - 301084

UDIN: 25301084BMUKWZ9013 Gopal Sharma

Company Secretary(Mem No.A.19384)

Place: Kolkata
Date: 30th May, 2025

---

Mar 31, 2024

Note : 12(c) - Terms .mil Ki^ils attached to Equity Sham

The Company Hm only one Hass of equity share* having a par value of R* 10/- each. Each holder of equity Rharca is entitled to one vote per share The dividend proposed by the Board of Directors, if any, is subject to the approval of the shareholders in the ensuing Annual General Meeting In the event of liquidation, die equity shareholder are eligible to receive the remaining assets of the Company after distributions of all preferential nmount, in proportion to the sliareholriing

*”***''________ _______________ ____ iuo,— i _

The company has called for confirmation from Trade Payables. The Management has, however, scrutini/cd the accounts and has Confirmed that these art current and are payable. In the absence of balance reconciliation of trade payables, these are continued to be subject to adjustments thereto having ai impact of a revenue nature, if any, will be made in the year in which the same are fully reconciled. Though till the date of signing of the balance sheet w< have not came across of any such difference between the balance confirmation of any parties.

Disclosures required under Section 22 of the Micro. Small and Medium Enterprises Development Act, ^{3 2006}

Rased on the information available with the Company, creditors have been identified as “supplier" within the meaning of “ Micro, Small and Medium Enterprises Development (MSMKD) Act 2006”. This information has been relied upon by the auditors.

30.2 Foreign Currency Transaction

The foreign Exchange transaction entrered into are marked to market as on the closing date and any difference is transferred to profit and loss account

30.3 Employee benefits plans

Short-term employee benefits are recognized as an expense at the undiscounted amount in the profit and loss account of the year in which the related service is rendered.

No provision is made for Gratuity, it will be recorded on payment basis.

Employee benefits include provident fund long service awards and post-employment medical benefits.

Post-Employment Benefits

A defined contribution plan is a post-employment benefit plan under which the Company pays specified contributions to a separate entity. The Company makes specified monthly contributions towards Provident Fund. The Company’s contribution is recognised as an expense in the Profit and Loss Statement during the period in which the employee renders the related service.

Defined Contribution Plans

The liability in respect of defined contribution plans and other post-employment benefits is calculated using the Projected Unit Credit Method and spread over the period during which the benefit is expected to be derived from employees’

services.

Actuarial gains and losses in respect of post-employment and other long term benefits are charged to the Profit and Loss Statement.

30.4 Related Party Disclosures

Disclosure of related parties with there year end balances are as follows: a)Namc of related parties and description of relationship

3«-5 Deferred fax Assets/(Liabilitie»)

Deferred tax is recognised on temporary differences between the carrying amounts of assets and liabilities and the amount used for taxation purpose (tax base), at the tax Tax effects of signifi cant timing differences, that resulted in Deferred Tax Asset & Liabilities and description of item thereof that creates these differences are as follows :

30.6 Impairment of Assets:

An item of property, plant and equipincnt/inlangible assets is treated as impaired when the carrying value of the assets exceeds its recoverable value, being higher of the fair value less cost to sell and the value in use An impairment loss is recognized as an expense in the Profit and Loss Account in the year in which an asset is impaired. The impairment loss recognized in prior accounting period is reversed if there has been an improvement in recoverable amount.

31 Previous year Comparatives

The figures of the previous year have been rcgroupcd/rc-arrangcd wherever necessary for true and fair presentation of the financial statements.

32 Figures are rounded off to the nearest multiple of hundred and shown in balance sheet in thousands

---

Mar 31, 2009

Contingent Liabilities

Depending of the facts of each case and after the evaluation of relevant legal aspects, the Company makes a provision when there is a present obligation as a result of a past event where the outflow of economic resources is probable and a reliable estimate of the amount of obligation can be made. The disclosure is made for all possible or present obligations that may be probably will not require outflow of resource as contingent liability in the financial statement.

Use of estimate

In preparing Companys financial statements in conformity with accounting principles generally accepted in India, management is required to make estimates and assumptions that effects the reported amounts of assets and liabilities and the disclosure of contingent liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period, actual results could differ from those estimate.

Earning Per Share

Basic earning per share are calculated by dividing the net profit attributable to equity shareholders by the weighted average number of equity shares outstanding during the period.

Inotesto the financial statement

All loans, advances, sundry debtors and sundry creditors are subject to confirmation. Additional Information under Part-ll of the schedule VI of the Companies Act, 1956 (a) Quantitative detail of opening stock, purchase, sales and closing stock

(b) Loans and Advances include balance with Central Excise Department Rs. 51082/-

(c) Guarantee given by schedule Bank to West Bengal State Electricity Board & others Rs. 2795664/- for which the Company is contingently liable

(d) The Cost of filament Machine imported from Hungary is lying with Custom Warehouse at Calcutta Port has been included in Work in Progress which shall be used in the upcoming project of the Company.

Disclosure regarding leases

Operating leases :- The Companys significant leasing arrangements are in respect of operating leases of demises for Business Purpose. Sub-lease payments received/recoverable are recognized as Rent during he year.

Segment Reporting

(a) Business Segments : The Companys operations relate to manufacturing of electronic items, lease rent, job work and call centre which are considered the only reportable business segment As Per Accounting Standard 17 "Segment Reporting" issued by the Institute of Chartered Accountants of India. The geographical segment is considered not relevant.

(b) Segment Revenue and Expneses : Revenue directly attributable to the segments is considered as Segment Revenue. Expenses directly attributable to the segments and common expenses allocated on a reasonable basis are considered as Segment Expenses.

(c) Segment Assets and Liabilities : It is not possible to allocate corporate and other assets and liabilities.

Related Party Disclosure

Related Party disclosure as required by the Accounting Standard 18 issued by The Institute of Chartered Accountants of India are as follows.

(A) Name of the related party and nature of relationship where control exists. Key Management Personnel:-

Mr. M. G Maheshwari Chairman

Mr. Nitesh Toshniwal Managing Director

Mr. Vijay Kumar Sharma Director

Mr. Surya Prakash Toshniwal President

Mr. Rajesh Kumar Chandak Director

Mr. Ajoy Kumar Guha Director

Mr. B. R. Kabra Director

Mr P. Saha Director

Related Parties:

Mrs. Sumitra Devi Toshniwal Wife of M. G. Maheshwari

Mrs. Sunita Devi Toshniwal Wife of S. P. Toshniwal

Associate Concern : M/s Ladhuram Toshniwal & Sons : Assam Industries Co.

During the year company has contributed Rs. 138924/- towards Gratuity Fund for the Key Management Personnel.

Figure have been rounded off nearest to Rupees -

Previous years figure have been regrouped and/or rearranged whenever necessary

---

Mar 31, 2008

Segment Reporting

(a) Business Segments : The Companys operations relate to manufacturing of electronic items, lease rent, job work and call centre which are considered the only reportable business segment As Per Accounting Standard 17 "Segment Reporting" issued by the Institute of Chartered Accountants of India. The geographical segment is considered not relevant.

(b) Segment Revenue and Expneses : Revenue directly attributable to the segments is considered as Segment Revenue. Expenses directly attributable to the segments and common expenses allocated on a reasonable basis are considered as Segment Expenses.

(c) Segment Assets and Liabilities : It is not possible to allocate corporate and other assets and liabilities.

---

Mar 31, 2007

Contingent Liabilities

Depending of the facts of each case and after the evaluation of relevant legal aspects, the Company makes a provision when there is a present obligation as a result of a past event where the outflow of economic resources is probable and a reliable estimate of the amount of obligation can be made. The disclosure is made for all possible or present obligations that may be probably will not require - outflow of resource as contingent liability in the financial statement.

Use of estimate

In preparing Companys financial statements in conformity with accounting principles generally accepted in India, management is required to make estimates and assumptions that effects the reported amounts of assets and liabilities and the disclosure of contingent liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period, actual results could differ from those estimate.

Earning Per Share

Basic earning per share arc calculated by dividing the net profit attributable to equity shareholders by the weighted average number of equity shares outstanding during the period.

---

Mar 31, 2006

1. Guarantee given by schedule Bank to West Bengal State Electricity Board Rs. 13,21,107/- for which the Company is contigently Liable.

2. Loans and Advances include balance with Central Excise Department Rs. 2,26,082/-.

3. Previous Years figures have been recast and regrouped whereever necessary to make them comparable with those of this year.

4. Expenditure in Foreign Currency Rs. 1,24,865 (Previous year - 2,93,836).

5.Additional Information pursuant to Para-3,4C and 4D of part II of Schedule VI of the Companies Act, 1956 given by the management and accepted by the Auditors. A)Classification of goods (Main items) Chokes, Fittings, Painted Can & Bottom Plate.

6. The Cost of Filament Machine imported from Hungury is lying with Custom Warehouse at Calcutta Port has been included in Work in Progress which shall be used in the upcoming project of the Company.

7. Opbubg Stock for the year is reduced by Rs. 19835 becouse of Adjustment In value Added Tax account

8. Provision for Tax of previous financial years amounting to Rs. 538669 has been written back in current financial and adjusted with bought forward losses.

---

Mar 31, 2005

1. Guarantee given by schedule Bank to West Bengal State Electricity Board Rs. 7,56,200/- for which the Company is contigently Liable.

2. The Company is under the preview of the Provident Fund.

3. Loans and Advances include balance with Central Excise Department Rs. 226595.91

4. Previous Years figures have been recast and regroupped whereever necessary to make them comparable with those of this year.

5. Expenditure in Foreign Currency Rs. 293836/- (Previous year -72510/-)