| A. The company has only one class of equity shares having par value of
Rs.10 per share. Each holder of equity shares is entitled to one vote
per share. The company declares and pays dividend in Indian Rupees. The
dividend proposed by the Board of directors is subject to the approval
of the share holders in the ensuing Annual General Meeting.
B. The Board of Directors of the Company have not recommended any
dividend for the year ended 31st March, 2015 and for the corresponding
previous year.
(a) Nature of security for secured borrowings are given below:
Term Loans and Overdraft from Bank against Tangible Collateral Security
(OD TCS) are Secured by Equitable Mortgage of Leasehold Land & Building
and hypothecation of the assets acquired for the new Project and
further secured by way of first charge on the block of other movable
Assets and future receivables of the company, present and future, and
guaranteed by the Managing and Joint Managing Director of the Company
(a). Nature of security for secured borrowings are given below:
i) Cash Credit Loan from Bank is secured by hypothecation of Finished
Goods, Raw Materials, Work in Process, Stores & Spares and Book Debts
of the Company and second charge on Fixed Assets of the Company and
guaranteed by the Managing Director and Joint Managing Director of the
Company
ii) Loan against Fixed Deposits are secured by way of Lien on the
respective Fixed Deposits
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