Notes to Accounts of SM Auto Stamping Ltd.

Mar 31, 2025

29 Events occurring after Balance sheet date

There are no events subsequent to the balance sheet dare, which require adjustment of or disclosure in the Financial statements.

30 All the items of income and expense which are recognized in the Statement of Profit and Loss are for current financial period only

and there is no prior period item of income or expense treated as current period item, There are no changes in the accounting estimates during the period.

32 Impaired Assets: -

The Board is of the opinion that there is no impairment loss in the Carrying Amounts of all the assets of the company at the Balance Sheet date. Hence during the financial year company has nor provided for impairment loss in the carrying amount of assets.

33 Provisions and Contingent Liabilities: -

Provisions involving judgments and estimation in measurement of expenses 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. The Company has given a corporate guarantee to SM Autovision Private Limited (Associate Company) in connection with financial borrowings availed from SIDBI.

4.There is CapitalAVork-in-Progress as on 31.03.2025 Rs.l 19 Lakhs and 31.03.2024 Rs. 45.41 Lakhs 5.1ntangible assets under development are Nil as on 31,03.2025 and 31.03.2024

6. There is no Benami property held as on 31.03.2025 and 31.03.2024

7. The company is not declared as wilful defaulter by any authority.

8. The company does not have any transactions with companies struck off u/s 248 the Companies Act, 2013 or u/s 560 of the Comoanies Act. 1956.

li) Net provision of Rs. 50.23 lakhs/- Towards Gratuity is provided for in the books of accounts.

The Company has taken a Group Gratuity Policy to cover adequately the present liability for future payment of Gratuity to the employees. Provision is made on the basis of premium computed by the LIC of India.

lib Bonus/Ex-Gratia payable to employees^

The Company accounts for Bonus on accrual basis and Ex-gratia on payment basis ivi Leave Encashment:-

The company has provided for accumulated leaves as on 31st March 2025 in accordance with its policy.

37 Borrowing Cost Disclosures .

Borrowing costs on eligible assets have been capitalised on the basis of Weighted Average Cost of Borrowing of the company for the year, on pro rata basis.

38 Foreign Currency Transaction

During the year, there is no foreign currency transaction of the company.

39 Dues to Micro, Small and Medium Sized Enterprises

There are Micro, Small and Medium sized enterprises to whom the company owes the dues as at 31st March, 2025 and 31st March, 2024. The information regarding Micro, Small and Medium sized enterprise has been determined to the extent such parties have been identified on the basis of information

40 Segment Reporting

The Company is operating in one segment only.

141 Compliance with Accounting Standards

On the basis of transactions entered during the year, the company is not required to comply with the following Accounting Standards

a) AS — 7: Construction Contracts.

b) AS — 11: The Effects of Changes in Foreign Exchange Rates

c) AS - 14: Accounting for Amalgamation

d) AS - 24: Discontinuing Operations

el AS — 27 : Financial Reporting of Interests in Joint Ventures 43 Previous years figures have been re-grouped, rearranged and reclassified wherever necessary.

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Mar 31, 2024

q) Provisions and Contingent Liabilities: - Provisions involving judgements and estimation in measurement of expenses 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.

A disclosure for a contingent liability is made when there is a possible obligation or a present obligation that probably will not require an outflow of resources.

32 Impaired Assets: -

The Board is of the opinion that there is no impairment loss in the Carrying Amounts of all the assets of the company at the Balance Sheet date. Hence during the financial year company has not provided for impairment loss in the carrying amount of assets.

33 Provisions and Contingent Liabilities: -

Provisions involving judgments and estimation in measurement of expenses 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. The Company has given a corporate guarantee to SM

Autovision Private Limited (Associate Company) in connection with financial borrowings availed from SIDBI.

Following is the total outstanding balance of borrowings of SM Autovision Pvt Ltd :

37 Borrowing Cost Disclosures

Borrowing costs on eligible assets have been capitalised on the basis of Weighted Average Cost of Capital of the company for the year, on pro rata basis.

38 Foreign Currency Transaction

During the year, there is no foreign currency transaction of the company.

41 Segment Reporting

The Company is operating in one segment only.

142 Compliance with Accounting Standards

On the basis of transactions entered during the year, the company is not required to comply with the following Accounting Standards

a) AS — 7: Construction Contracts.

b) AS — 11: The Effects of Changes in Foreign Exchange Rates

c) AS — 14: Accounting for Amalgamation

d) AS — 24: Discontinuing Operations

e) AS — 27 : Financial Reporting of Interests in Joint Ventures

44 Previous years figures have been re-grouped, rearranged and reclassified wherever necessary.

Signature to Notes 1 to 45

As per our report of even date For SM Auto Stamping Limited

M/s. S.R. Rahalkar & Associates On behalf of board

Chartered Accountants Firm Registration No. 108283W

Suresh Fegde Mukund Kulkarni

CA S.R.Rahalkar Whole Time Director Managing Director

Partner DIN: 00248850 DIN : 00248797

Membership No.014509

Date: 29th May, 2024 Suresh Jagdale Pawan Mahajan

Place: Nashik Chief Financial Officer Company Secretary

Date: 29th May, 2024 Place: Nashik

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Mar 31, 2023

p) Provisions and Contingent Liabilities: -Provisions involving judgements and estimation in measurement of expenses 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.

32 Impaired Assets: -

The Board is of the opinion that there is no impairment loss in the Carrying Amounts of all the assets of the company at the Balance Sheet date. Hence during the financial year company has not provided for impairment loss in the carrying amount of assets.

33 Provisions and Contingent Liabilities: -

Provisions involving judgments and estimation in measurement of expenses 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. The Company has given a corporate guarantee to SM Autovision Private Limited (Associate Company) in connection with financial borrowings availed from SIDBI.

Following is the total outstanding balance of borrowings of SM Autovision Pvt Ltd :

37 Borrowing Cost Disclosures

In accordance with AS-16, company has not incurred any borrowing cost during the year.

38 Foreign Currency Translation

During the year, there is no foreign currency transaction of the company.

39 Dues to Micro, Small and Medium Sized Enterprises

There are Micro, Small and Medium sized enterprises to whom the company owes the dues as at 31st March,2023, however, the details outstanding payables as on 31st March,2022 are not available and therefore interest cost if any could not be ascertained. The information regarding Micro, Small and Medium sized enterprise has been determined to the extent such parties have been identified on the basis of information during FY.2022-23.

As per our report of even date For SM Auto Stamping Limited

M/s. S.R. Rahalkar & Associates On behalf of board

Chartered Accountants Firm Registration No. 108283W

Sd/- Sd/-

Sd/- Suresh Fegde Mukund Kulkarni

CA S.R.Rahalkar Whole Time Director Managing Director

Partner DIN: 00248850 DIN : 00248797

Membership No.014509

Sd/- Sd/-

Date: 01 September, 2023 Suresh Jagdale Pawan Mahajan

Place: Nashik Chief Financial Officer Company Secretary

Date: 01 September, 2023 Place: Nashik