e) Terms/rights attached to each class of shares Equity Shares :
The Company has only one class of equity shares having a par value of Re. 1/-. Each holder of equity shares is entitled to one vote per share. The Company declares and pays dividends in Indian rupees. The dividend proposed by the Board of Directors is subject to the approval of the shareholders in the ensuing Annual General Meeting.
In the event of liquidation of the Company, the holders of equity shares will be entitled to receive any of the remaining assets of the company, after distribution of all preferential amounts. The distribution will be in proportion to the number of equity shares held by the shareholders.
f) The Company is not a Subsidiary Company
g) No Shares has been reserved for issue under options and contracts commitments for the sale of shares/disinvestment.
Note :
1 The Current part of Long Term Borrowings, as above, have been shown under Other Current Liabilities (Note No. 9), as Current Maturities of long term debt.
2 Rupee Term Loan :
The Company's Secured Corporate Loan facilities are secured by First Charge on Fixed Asset (Movable and Immovable) of the Company.
The amount is further secured on second charge basis on the current assets of the Company.
3. As per the Accounting Standard on segment Reporting (AS-17), segment information has been provided In the Notes to the Consolidated Financial Statement.
4. Corresponding comparative figures for the previous year have been regrouped and readjusted wherever considered necessary to confirm to the current year presentation.
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