| 1. Rights attached to equity shares
The Company has only one class of equity shares having a face value of
Rs.10 /- each. Each holder of equity share is entiltled to one vote
per share. The company declares and pays dividends in Indian Rupees.
The dividend proposed by the Board of Directors is subject to the
approval of the shareholders in the ensuing Annual General Meeting.
In the event of liquidation of the company, the equity shareholders
will be entitled to receive remaining assets of the company, after
distribution of all preferential amounts. The distribution will be in
proportion to the number of equity shares held by the shareholders.
2. Expired stocks of Raw Materials Written off to the extent of Rs.
37,90,000/- (P.Y 29,48,760/-) respectively
3.Deferred tax is not recognised as there is no reasonable
certainty that sufficient future taxable income will be available
against which such deffered tax assets can be realised.
4. Related Party disclosures
As per AS-18, the disclosures of transactions with the related parties
are given below:
1. Key Management Personnel Mr.Suchit Mohan Lal, Managing Director
Mr.Sushant Mohan Lal, Director |