Silverline Technologies Ltd. के अकाउंट के लिये नोट

Mar 31, 2025

j) Provisions and Contingencies

The Company recognizes provisions when a present obligation (legal or constructive) as a result of a
past event exists and it is probable that an outflow of resources embodying economic benefits will be
required to settle such obligation and the amount of such obligation can be reliably estimated.

If the effect of time value of money is material, provisions are discounted using a current pre-tax rate
that reflects, when appropriate, the risks specific to the liability. When discounting is used, the increase
in the provision due to the passage of time is recognized as a finance cost.

A disclosure for a contingent liability is made when there is a possible obligation or a present obligation
that may, but probably will not require an outflow of resources embodying economic benefits or the
amount of such obligation cannot be measured reliably. When there is a possible obligation or a present
obligation in respect of which likelihood of outflow of resources embodying economic benefits is remote,
no provision or disclosure is made.

k) Cash and Cash Equivalents

Cash and Cash equivalents for the purpose of Cash Flow Statement comprise cash and cheques in
hand, bank balances, demand deposits with banks where the original maturity is three months or less
and other short term highly liquid investments.

l) Employee Benefits

Short Term Employee Benefits:

All employee benefits payable wholly within twelve months of rendering the service are classified as
short term employee benefits and they are recognized in the period in which the employee renders the
related service. The Company recognizes the undiscounted amount of short term employee benefits
expected to be paid in exchange for services rendered as a liability (accrued expense) after deducting
any amount already paid.

Post-Employment Benefits:

Defined Benefit plans:

i) Provident Fund scheme:

Contribution as required by the statute made to the Government provident fund is debited to Profit
and loss statement.

ii) Gratuity scheme:

The cost of providing defined benefits is determined using the Projected Unit Credit method with
actuarial valuations being carried out at each reporting date. The defined benefit obligations
recognized in the Balance Sheet represent the present value of the defined benefit obligations as
reduced by the fair value of plan assets, if applicable. Any defined benefit asset (negative defined
benefit obligations resulting from this calculation) is recognized representing the present value of
available refunds and reductions in future contributions to the plan.

All expenses represented by current service cost, past service cost, if any, and net interest
on the defined benefit liability / (asset) are recognized in the Statement of Profit and Loss.
Remeasurements of the net defined benefit liability / (asset) comprising actuarial gains and losses

and the return on the plan assets (excluding amounts included in net interest on the net defined
benefit liability/asset), are recognized in Other Comprehensive Income. Such remeasurements
are not reclassified to the Statement of Profit and Loss in the subsequent periods.

The Company presents the above liability/(asset) as current and non-current in the Balance Sheet
as per actuarial valuation by the independent actuary.

m) Borrowing Cost

Borrowing cost includes interest, amortization of ancillary costs incurred in connection with the
arrangement of borrowings and exchange differences arising from foreign currency borrowings to the
extent they are regarded as an adjustment to the interest cost.

Borrowing costs, if any, directly attributable to the acquisition, construction or production of an asset that
necessarily takes a substantial period of time to get ready for its intended use or sale are capitalized, if
any. All other borrowing costs are expensed in the period in which they occur.

n) Segment Reporting

The Chairman and Managing Director of the Company has been identified as the Chief Operating
Decision Maker (CODM) as defined by IND AS 108, " Operating Segments". The Company operates in
one segment only i.e. " Manufacturing of Steel, Non - Alloys Steel and Alloys Steel Casting". The CODM
evaluates performance of the Company based on revenue and operating income from "Manufacturing
of Steel, Non - Alloys Steel and Alloys Steel Casting". Accordingly, segment information has not been
seperately disclosed.

o) Events after Reporting date

Where events occurring after the Balance Sheet date provide evidence of conditions that existed at
the end of the reporting period, the impact of such events is adjusted within the financial statements.
Otherwise, events after the Balance Sheet date of material size or nature are only disclosed.

p) Earnings per share

Basic EPS is calculated in accordance with Ind AS - 33 '' Earning per Share" by dividing the profit / loss
for the year attributable to ordinary equity holders of the Company by the weighted average number of
ordinary shares outstanding during the year.

Diluted EPS is calculated in accordance with Ind AS - 33 '' Earning per Share" by dividing the profit / loss
attributable to ordinary equity holders of the parent by the weighted average number of ordinary shares
outstanding during the year plus the weighted average number of ordinary shares that would be issued
on conversion of all the dilutive potential ordinary shares into ordinary shares.

q) Recent accounting pronouncements and its effect on financials
Ind AS 116 Leases :

On March 30, 2019, Ministry of Corporate Affairs has notified Ind AS 116, Leases. Ind AS 116 will replace
the existing leases Standard, Ind AS 17 Leases, and related Interpretations. The Standard sets out the
principles for the recognition, measurement, presentation and disclosure of leases for both parties
to a contract i.e., the lessee and the lessor. Ind AS 116 introduces a single lessee accounting model
and requires a lessee to recognize assets and liabilities for all leases with a term of more than twelve
months, unless the underlying asset is of low value. Currently, operating lease expenses are charged
to the statement of Profit & Loss. The Standard also contains enhanced disclosure requirements for
lessees. Ind AS 116 substantially carries forward the lessor accounting requirements in Ind AS 17.

The effective date for adoption of Ind AS 116 is annual periods beginning on or after April 1, 2019. The
standard permits two possible methods of transition:

1> Full restrospective - Restrospectively to each prior period presented applying Ind AS 8 Accounting
policies,Changes in accounting estimates and errors

2> Modified restrospective - Restrospectively, with the cumulative effect of initially applying the standard
recognized at the date of initial application

Under modified retrospective approach, the lessee records the lease liability as the present value of
the remaining lease payments, discounted at the incremental borrowing rate and the right of use asset
either as:

> Its carrying amount as if the standard had been applied since the commencement date, but
discounted at lessee''s incremental borrowing rate at the date of initial application or

> An amount equal to the lease liability, adjusted by the amount of any prepaid or accrued lease payments
related to that lease recognized under Ind AS 17 immediately before the date of initial application.

Effective April 01, 2019, the company has adopted Ind AS 116 ''Leases'' using modified restropective
appraoch. The adoption of the standard did not have any material impact on the financial results.

Ind AS 12 Appendix C, Uncertainty over Income Tax Treatments

On March 30, 2019, Ministry of Corporate Affairs has notified Ind AS 12 Appendix C, Uncertainty over
Income Tax Treatments which is to be applied while performing the determination of taxable profit (or
loss), tax bases, unused tax losses, unused tax credits and tax rates, when there is uncertainty over
income tax treatments under Ind AS 12. According to the appendix, companies need to determine the
probability of the relevant tax authority accepting each tax treatment, or group of tax treatments, that the
companies have used or plan to use in their income tax filing which has to be considered to compute
the most likely amount or the expected value of the tax treatment when determining taxable profit (tax
loss), tax bases, unused tax losses, unused tax credits and tax rates.

The standard permits two possible method of transition :

1> Full restrospective approach - under this approach,Appendix C will be applied restrospectively to
each prior reporting period presented in accordance with Ind AS 8 - Accounting Policies, Changes in
Accounting Estimates and Errors, without using hindsight

2> Restrospectively, with the cumulative effect of initially applying Appendix C recognized by adjusting
equity on initial application, without adjusting comparatives

Effective April 01, 2019, the company has adopted Ind AS 12 Appendix C using Restrospectively, with
the cumulative effect of initially applying Appendix C recognized by adjusting equity on initial application,
without adjusting comparatives. The adoption of the standard did not have any material impact on the
financial results.

The Company has elected to exercise the option permitted under section 115BAA of the Income
Tax Act, 1961 as introduced by the Taxation Laws (Amendment) Ordinance 2019. Accordingly, the
Company has recognised provision for the income tax for the year ended 31.03.2020 and re-measured
its Deferred Tax Assets based on rate prescribed in the said section.

2.4 Key accounting estimates and judgements

The estimates and judgements used in the preparation of the financial statements are continuously
evaluated by the Company and are based on historical experience and various other assumptions and
factors (including expectations of future events) that the Company believes to be reasonable under the
existing circumstances. Difference between actual results and estimates are recognised in the period in
which the results are known / materialised.

The said estimates are based on the facts and events, that existed as at the reporting date, or that
occurred after that date but provide additional evidence about conditions existing as at the reporting date.

The preparation of the Company''s financial statements requires the management to make judgements,
estimates and assumptions that affect the reported amounts of revenues, expenses, assets and
liabilities, and the accompanying disclosures, and the disclosure of contingent liabilities. Uncertainty
about these assumptions and estimates could result in outcomes that require a material adjustment to
the carrying amount of assets or liabilities affected in future periods

Critical accounting estimates and assumptions

The key assumptions concerning the future and other key sources of estimation uncertainty at the
reporting date, that have a significant risk of causing a material adjustment to the carrying amounts of
assets and liabilities within the next financial year, are described below:

a. Income taxes

The Company''s tax jurisdiction is India. Significant judgements are involved in estimating budgeted
profits for the purpose of paying advance tax, determining the provision for income taxes, including
amount expected to be paid/recovered for uncertain tax positions

b. Defined benefit obligation

The costs of providing post-employment benefits are charged to the Statement of Profit and Loss
in accordance with Ind AS 19 ''Employee benefits'' over the period during which benefit is derived
from the employees'' services. The costs are assessed on the basis of assumptions selected by
the management. These assumptions include salary escalation rate, discount rates, expected rate
of return on assets and mortality rates.

c. Fair value measurement of Financial Instruments

When the fair values of financials assets and financial liabilities recorded in the Balance Sheet
cannot be measured based on quoted prices in active markets, their fair value is measured using
valuation techniques, including the discounted cash flow model, which involve various judgements
and assumptions.

d. Property, Plant and Equipment

Property, Plant and Equipment represent a significant proportion of the asset base of the Company.
The charge in respect of periodic depreciation is derived after determining an estimate of an
asset''s expected useful life and the expected residual value at the end of its life. The useful lives
and residual values of Company''s assets are determined by the management at the time the asset
is acquired and reviewed periodically, including at each financial year end. The lives are based
on historical experience with similar assets as well as anticipation of future events, which may
impact their life, such as changes in technical or commercial obsolescence arising from changes
or improvements in production or from a change in market demand of the product or service output
of the asset.

(3) Employee benefits

(i) The company has recognized the following amounts in the profit and loss statement towards
contributions to Provident fund

(ii) Provisions related to gratuity are not applicable to company

(4) Information on related party transactions as required by Ind AS- 24 '' Related Party Disclosures'' for the
year ended 31st March, 2023

a) List of the related parties and relationships

There are no relatyed parties during the year

b) Transaction with related parties:

There are no related party transactions during the year

Dues to Micro and Small Enterprises have been determined to the extent such parties have been
identified on the basis of information collected by the Management.This has been relied upon by
the auditors.

(8) Contingent Liabilities and commitments

In the opinion of the board, contingent liabilities is NIL.

(9) As per Ind AS - 23 " Borrowing Costs", the borrowing cost has been charged to Profit and Loss
statement. None of the borrowing costs have been capitalized during the year.

(10) Dividend :

The company has not paid any dividend during the year
Proposed dividend:

The Board of Directors has not proposed any dividend

(11) Previous year''s figures have been regrouped wherever necessary to make them comparable

(12) All the title deeds of Immovable Properties held in the name of the Company.

(13) The Company has not granted any loans to promoters, directors, KMPs and the related parties either
severally or jointly with any other person in the nature of Loans and Advances during the year.

(14) Company has no ongoing working capital limit from any bank as on 31st March, 2025.

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Jun 30, 2011

1. Segment Reporting

The Company provides services in a single business segment which also constitutes the primary basis of segmental reporting set out in financial statements. Hence no separate reporting is done by the Company.

2. Related party transactions

During the year ended June 30, 2011, the Company has entered into transactions with the following related parties.

3. Summary of the transactions with the related parties is as follows:

Transactions during the period Remuneration paid to director Current year Rs. 12,00,000 ( Previous Year Rs. 9,00,000) Outstanding balance Payable to Nextgen Animation Mediaa limited Rs. 38,719,987 (Previous Year Rs. 58,228,762) Loan Repayment during the year Rs. 27,69,549 ( Previous Year received Rs. 29,15,000)

4. Subsidiary companies Millennium Care Inc. , Canada Innovative BPO Ltd., Canada.

During the year Envoy Technologies Inc, USA becomes 100% WOS of innovative BPO solution limited, which was subsidiary of Silverline Technologies Limited in the previous year.

5. Key management personnel

Mohan Subramanian - Wholetime Director

6. As of June 30 2011 the Company has no outstanding dues to any small-scale industrial undertaking as defined under Section 3(j) of the Industries (Development and Regulation) Act, 1951 (Previous Year Rs Nil.)

7. Figures have been rounded to the nearest Rupee. Previous years figures have been regrouped / re-classified to conform with the current period's groupings, wherever necessary.

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Jun 30, 2010

I. COMPANYS BACKGROUND

Silverline Technologies Limited ("Silverline" or the "Company") is engaged in consulting and information technology ("IT") services. It focuses on providing business consulting, systems integration application development and product engineering services. The Company has a development center at Seepz, Mumbai.

The development center at Seepz, Mumbai, has an established facility in Mumbai (SEEPZ) to deliver its software development services. This facility operate as an export unit within the SEEPZ premises at Mumbai. Seepz is an SEZ and as such the regulations as per the Government of India apply, and are required to export a substantial part of their software development services. The Company has been historically exporting a significant part of its software development services.

2. Deferred Tax: The opening Deferred Tax Liability of Rs 64,209,159. During the year the has not made any provision for deferred tax.

3. Segment Reporting

The Company provides services in a single business segment which also constitutes the primary basis of segmental reporting set out in financial statements. Hence no separate reporting is done by the Company.

4. Related party transactions

During the year ended June 30, 2010, the Company has entered into transactions with the following related parties: Names of related parties and description of relationship

5. Subsidiary companies and fellows

Millennium Care Inc. , Canada Innovative BPO Ltd., Canada . Envoy Technologies Inc.

6. Key management personnel

Mohan Subramanian - Wholetime Director

7. As of June 30 2010 the Company has no outstanding dues to any small-scale industrial undertaking as defined under Section 3(j) of the Industries (Development and Regulation) Act, 1951 (Previous Year Rs Nil.)

8. Figures have been rounded to the nearest Rupee. Previous years figures have been regrouped / re-classified to conform with the current periods groupings, wherever necessary.