Notes to Accounts of Tejas Cargo India Ltd.

Mar 31, 2024

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of
a past event, it is probable that an outflow of resources embodying economic benefits will be required to
settle the obligation and a reliable estimate can be made of the amount of the obligation. Provisions are
measured at the best estimate of the expenditure required to settle the present obligation at the Balance
Sheet date. If the effect of the time value of money is material, provisions are determined by discounting
the expected future cash flows specific to the liability. The unwinding of the discount is recognised as
finance cost.

Contingent liabilities are disclosed in respect of possible obligations that arise from past events, whose
existence would be confirmed by the occurrence or non-occurrence of one or more uncertain future
events not wholly within the control of the Company or a present obligation that arises from past events
where it is either not probable that an outflow of resources will be required to settle the obligation or a
reliable estimate of the amount cannot be made. Such liabilities are disclosed by way of notes to the
financial statements. No disclosure is made if the possibility of an outflow on this account is remote.

A contingent asset is not recognised but disclosed in the financial statements where an inflow of
economic benefit is probable.

Provisions, contingent liabilities and contingent assets apd==e©^mitments are revieyyecLgt each balance
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q) Earnings per share Basic earnings per share

Basic earnings per share is calculated by dividing:

the profit attributable to owners of the Company by the weighted average number of equity shares
outstanding duringthe financialyear, adjusted for bonus elements in equity shares issued during the year.

r) Diluted earnings per share

Diluted earnings per share adjusts the figures used in the determination of basic earnings per share to take
into account:

the after-income tax effect of interest and other financing costs associated with dilutive potential equity
shares, and the weighted average number of additional equity shares that would have been
outstanding assuming the conversion of all dilutive potential equity shares.