1 Terms in Respect of Equity Shares
Equity shares carrying voting rights at the General Meeting of the Company , and are entitled to dividend and to participate in surplus if any in the event of winding up.
2. Inventories
Stock-in-trade in medical accessories
(As taken valued and certified by the management )
3. Disclosures of related party transactions (as identified & certified by the management):
As per Accounting Standard-18- ' Related Party Disclosures' issued by the Institute of Chartered Accountants of India, the names of the related parties are given below :
a Associate / Joint Venture Concerns (a) Goenka Securities Pvt. Ltd. b Key Management Personnel
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(a) Mr. Ashok Kumar Goenka
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(Director)
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(b) Mr. Rajesh Goenka
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(Whole-Time-Director & Chairman)
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(c) Dr. Subash R. Kamath
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(Director)
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(d) Mr. Rajkumar Bajoria
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(Director)
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(e) Mr. Jagdish Chand Kumbhat
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(Director)
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(f) Mr. Vinod Kumar Singhi
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(Director)
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(g) Ms. Neha Goenka
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(Director)
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(h) Mr. Santosh Kumar Thakur
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(Chief Financial Officer)
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(i) Mr. Pritam Paul
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(Company Secretary)
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c. Relatives of Key Management Personnel
(a) Ashok Kumar Goenka & Others (HUF)
(b) Banwari Lal Goenka & Sons (HUF)
(c) Rajesh Goenka & Others (HUF)
4. In the opinion of the Board of Directors, the Current Assets, Loans & Advances are approximately of the value stated in accounts, if realized in ordinary course of business, unless otherwise stated. The provision for all known liabilities is adequate and not in excess/short of the amount considered reasonable/necessary.
5. Balances of some of the Sundry creditors, Loans and advances incorporated in the books as per balances appearing in the relevant subsidiary records, are subject to confirmation from the respective parties and consequential adjustments arising from reconciliation, if any. The management however is of the view that there will be no material discrepancies in this regard.
6. Previous year's figures have been regrouped/rearranged, wherever necessary.
7. Figures have been rounded off to nearest rupee.
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