| 1. Rights and restrictions attached to the shares
The Company has one class of quitu shares. Each holder of equity shares
is called to one vote per share. Ther Company abd pays of divided in
indan rupees. In the eventsof liquidation of the company holders of
quity shares will be entitled to receive the remaining assess of the
company after distributes of all prefiential amounts . The discributes
will be in propose to the number of equity shares held by the
shareholder.
2. Term loam fmim banks arc secured by way pF part passu Fust charge
on land & hail dines including all movable and ninety
nery,stones and spates, furniture and tintiirt, both present and
FatiJe, excluding vehicles. and a second ehaTgc on all the current
assets of the Company, both picBcnt and future, and personal
grantee directors.
3. The vehicle laaus from banks and oilier parties ate secured by the
hypothecation of vehicles purchased under the scheme.
4. Contingent liabilities not provided in respect of :
a) Guarantees goiven by the company's
banker against counter guarantee given
by the company 5,83,700 5,83,700
b) Gurantees given by the Company's 1,26,00,000 1,26,00,000
Banker on behalf of subsidiary ,
aganist counter gurantee given
by the company
c) Income tax demand disputed 1,14,896 1,14,896
by the company
d) Cess Demand from Deputy Commissioner - 36,83,521
of Navi Mumbai Muncipal Corporation
e) sales lax demands pending with
commissionerate and disputed by 33.33.901 33.33.901
the company
5.Defined Benefit Plans:
Contribution to Gratuity Fund
The Company makes annual contributions to the Explooyee's Group
Gratuity-cum Life assurance scheme of life insuramce corporation of
india, a funded defined bebefit plan for qualifyingemployees/Gratuity is
payable to all eligble employees on superannuation, death or on
seperationvemination in terms of the provisions of the payment of
gratuity act or as per the company policy whichever is beneficial to the
employees.
6. SEGMENT REPORTING
As the company has only one primary business nativity. Segment
Reporting is not applicable.
7. RELATED PARTY DISCLOSURE
i.Key management personnel/persons exercising significant influence &
their relatives;
Mr. Mill* K. Motani
Mr. Shailcsh. S. Shah
Mr. Siunbh X. Motani
Mr. Shantl S Shah
Mr. vaibbat Dchc
Mr. Mobil N Mdani
ii. Enterprises over which key management personnel exercise
significant influence,
S.k. Exparts
S.K SilkF
Shamots ImumaLioral
SK Overseas
SK. W indlroiucs Private Lid.
Jask Invogue Private Ltd
Stay Frnveal Private Ltd
Novieas India Private Ltd
SMI Label LLP
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