1. Details of Shareholders holding more than 5% shares in the company.
2. Related party disclosures as required under IND AS-24 (Related Party Disclosures) Related party and their relationship
Related party__Relationship_
Twentyfirst Century Shares & Securities Ltd. Wholly owned Subsidiary Company_
Sundar Iyer__Chairman_
Krishnan Muthukumar__Director_
Iyer Vishwanath__Independent director_
S. Hariharan__Independent director_
Dipti Sakpal__Independent director_
Vanaja Sundar Iyer__Relative of Director_
Siddharth Sundar Iyer__Relative of Director_
Karthik Iyer__Relative of Director_
Shridhar Iyer__Relative of Director_
AVM Sundaram__Company Secretary_
Bhaskar Shetty__CFO_
Twentyfirst Century Money Growth Fund Ltd. Company in which Director's are interested_
Twentyfirst Century Realty Ltd.__Company in which Director’s are interested_
SI Investments & Broking Pvt Ltd__Company in which Director’s relatives are interested
Lubricants & Allied Products Mfg. Co. Pvt. Company in which Director’s are interested
Ltd__
Palani Andavar Holding Pvt Ltd__Company in which Director’s are interested_
3. The Company has not provided income tax liability of Rs. 522.26 lacs for various Assessment years that may arise in respect of income tax matters pending in appeal. It is not practicable to estimate the timing of cash outflows in respect of this matter. However, the company has been advised that it has fair chance of winning the appeal.
4. Under the Micro, Small and Medium Enterprises Development Act, 2006 which came into force from October, 2 2006, certain disclosure are required to be made relating to Micro, Small & Medium Enterprises. There have been no reported cases of delays in payments to Micro and Small Enterprises or of interest payments due to delays in such payments.
5. The Company had made contingency provision in F.Y. 2014-15 of Rs. 75 lacs towards estimated settlement cost of Rs.75 lacs payable to Gujarat Industrial Investment Corporation for pending legal cases in the High Court of Chennai. According to the Management estimates sufficient provision has been made for on review and doesn't require any additional provision for the contingency.
6. Equity Investment in Wholly Owned Subsidiary, Twenty-first Century Shares & Securities Ltd, requires impairment of investments due to negative Net-Worth of the Subsidiary Company. As per the Management estimates, since the erosion in the Net-Worth of the Subsidiary Company is temporary in nature, it is not impaired.
7. Previous year figures have been rearranged and regrouped wherever necessary to facilitate the comparison
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