j. Provision for Liabilities and Charges, Contingent Liabilities and Contingent Assets

A provision is recognized if, as a result of a past event, the Company has a present legal or constructive obligation
that can be estimated reliably, and it is probable that an outflow of economic benefits will be required to settle
the obligation.

Contingent Liabilities are not recognized but are disclosed in the notes unless the possibility of an outflow of
resources embodying economic benefits is remote.

Contingent assets are not recognised but disclosed in the Financial Statements when an inflow of economic
benefits is probable.

Contingent liability and contingent assets are reviewed at each reporting date.

k. Earnings per Share

The Company presents basic and diluted earnings per share ("EPS") data for its equity shares. Basic EPS is
calculated by dividing the profit and loss attributable to equity shareholders of the Company by the weighted
average number of equity shares outstanding during the period. Diluted EPS is determined by adjusting
the profit and loss attributable to equity shareholders and the weighted average number of equity shares
outstanding for the effects of all dilutive potential equity shares.

l. Cash Flow Statement

Cash flows are reported using indirect method as set out in Ind AS -7 "Statement of Cash Flows", whereby profit
/ (loss) before tax is adjusted for the effects of transactions of non-cash nature and any deferrals or accruals of
past or future cash receipts or payments. The cash flows from operating, investing and financing activities of
the Company are segregated based on the available information.

m. Financial Instrument

Financial assets and financial liabilities are recognized when the Company becomes a party to the contractual
provisions of the instruments.