1 The Company is engaged mainly in the business of financing. Since all activities are related to the main activity, there are no reportable segments as per Accounting Standard Segment Reporting (AS-17)
2 The Board of Directors have recommended dividend on equity share at Rs.2/- per share at their meeting held on 26 May 2018. As per Companies (Accounting Standard) Amendment Rules 2016, the dividend will be recorded after approval of shareholders in ensuing AGM.
3 Capital Commitments: NIL (Previous Year: Rs. 21,28,513/-)
4 Previous year figures have been regrouped / rearranged wherever considered necessary to make them comparable with the current year's figures
5 There are no Micro and Small Enterprises, to whom the Company owes dues, which are outstanding for more than 45 days as at March 31, 2018. This information as required to be disclosed under the Micro, Small and Medium Enterprises Development Act, 2006 has been determined to the extent such parties have been identified on the basis of information available with the Company.
6 Disclosure required in Accordance with AS-19 - Leases A. Assets taken on operating lease:
1. The Company has taken Office Premises on non-cancellable operating lease. Minimum lease payments of Rs. 5,01,980/- (P.Y. Rs.4,12,55,787/-) are charged to Statement of Profit & Loss during the year.
2 Future commitments in respect of minimum lease rentals payable in respect of aforesaid lease entered by the Company are as follows:
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