Note 1: In the opinion of the Board, the Current Assets, Loans and Advances are approximately of the value stated, if realized in the ordinary course of business. Provision for all known liabilities is adequate and not in excess of the amount reasonably necessary.
Note 2: There was no employee throughout the financial year or for a part of the financial year, who was in receipt of remuneration in aggregate of Rs. 60,00,000/- or more, per annum or Rs. 5,00,000/- or more per month.
Note 3: Managerial remuneration paid during the year Rs. 452,600/- (Previous Year Rs. 476,441/-) value benefits in cash.
Note 4: Figures in respect of Previous Year have been regrouped/rearranged wherever necessary as required by the provisions of Ind AS.
Note 5: Related Party Disclosure
1. Mrs. Rafiqunnisa Merchant - Director
A. Key Management Personnel 2. Mrs. Shamim Sheikh - Director
3. Mr. Yunus R Memon - Director
4. Mr. Chaturbhai C. Patel - Director
5. Mrs. Saba Memon - Additional Director
6. CS Ishita Shah - Company Secretary
B. Associate Concerns of Key Management 1. Bharat Equity Services Limited Personnel 2. Bhavnagar Agro Industries Limited
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