Notes to Accounts of Navoday Enterprises Ltd.

Mar 31, 2024

2.8 Provisions and contingencies

Provisions (excluding retirement benefits) are not discounted to their present value and are
determined based on the best estimate required to settle the obligation at the Balance Sheet date.
These are reviewed at each Balance Sheet date and adjusted to reflect the current best estimates.
Contingent liabilities are disclosed on the basis of information available with the Company.

2.9 Balances with third parties

Insurance Claims are accounted for on the basis of actual loss assessed, as and when finally
settled and received.

2.10 Balances with third parties

Balances of Sundry Debtors, Creditors, Loans, Deposits, Advances are subject to confirmation
reconciliation and adjustments, if any.

2.11 Cash and cash equivalents

Cash and cash equivalents for the purpose of cash flow comprise Cash at bank, Cash in Hand and
short term fixed deposits.

The Company has only one class of equity shares having a par value of Rs.10 per share. Each
holder of equity shares is entitled to one vote per share. The company has not declared any
dividend during the year.

In the event of liquidation of the company, the holders of equity shares will be entitled to receive
remaining assets of the company, after distribution of any preferential amounts. The distribution
will be in proportion to the number of equity shares held by the shareholders.