| 1. Debenture redemption - Public:
The Company during the year 2007-08 redeemed the entire balance
debentures of Rs. 152.41 lakhs of principal plus simple interest @ 14%
per annum up to and inclusive of 30th September 2007, as per the
approval accorded by the Debenture Holders at their Meeting held on
12.12.2007. The entire amount was paid into the Current account opened
with the State Bank of India, Chennai Main Branch on 14.12.2007.
Unclaimed Debentures aggregating to Rs. 87.02 lakhs was transferred to
Investor Education and protection fund on 07th January 2015.
2. Lease
The Company has given Land along with its Demised Premise Under Lease
for a Period of29Years to Apollo Hospitals Enterprises Limited which is
renewable at the option of lessee for a further period of 31 years the
Company has obtained Refundable interest free Deposit of Rs. 20 Crores.
Operating Lease Income aggregating to Rs. 432.15 Lakhs is shown under
Other Income.
The future minimum lease payments under non- cancellable operating
leases in the aggregate and for the each of the following periods:
3. Related Party Disclosure (As per Accounting Standard - 18)
The List of related parties as identified by the Company are as under
Key Management Personnel
1) Sri. R. P. Agrawal - Director
2) Sri. M. S. Meeramohideen - Director
Persons who have significant influence : Sri. P. Vijayakumar Reddy.
Entitles over which related party has Significant Influence : PPN
Holdings Limited
Remuneration paid to Key Management Personnel - Rs. 10.51Lakhs (9.34
lakhs.)
4. On consideration of Prudences Deferred Tax Asset has not been
created.
5. The Company had no outstanding dues that require to be furnished
under section 22 of "The Micro small and medium enterprises development
Act 2006.
6. CIF value of imports Nil
7. Earnings and Expenditure in Foreign currency Nil
8. Paise have been rounded off to the nearest Rupee.
9. Previous year's figures have been regrouped and rearranged wherever
necessary, to conform to current year's classification.
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