1. Corporate Information
Santosh Industries Ltd ("the Company") is a public limited company domiciled in India and registered under the provisions of Companies Act, 1956. The Shares of the Company are listed on Bombay Stock Exchange and The Calcutta Stock Exchange. The Company is a non- deposit taking Non Systemically Important Non Banking Financial Company ("NBFC") registered with Reserve Bank of India ("the RBI") and is engaged in the business of giving loans and making investments.
2. Cash in hand is as certified by the management.
3. Particulars as per NBFC, as per Separate Schedule attached.
4. Margin Deposit of Rs. 10,96,00,000/-(P.Y. Rs. 3,96,00,000/-) is lying with a brokerage through whom the company carries out its securities Investment & derivative business and are in form of Bank Deposit in the name of recognized stock exchanges and said brokerage. Interest thereon is received directly by the company from banks and shown as interest on margin deposit with brokerage.
5. The terms of employment doesn't provide for payment of gratuity, since the payment of Gratuity Act, 1972 is not applicable.
6. In light of Section 135 of the Companies Act, 2013, the Company has incurred following expenses on Corporate Social Responsibility:
7. Previous year figures have been regrouped/ reclassified wherever necessary to confirm to the current year presentation.
8. Contingent Liabilities - NIL (Previous year - NIL)
9. Earnings & Expenditure in Foreign Exchange - NIL (Previous Year Nil)
10. In the opinion of the Directors, Current assets, loans, advances and deposits are not having lower realizable value than the value at which they have been stated in the Balance Sheet.
11. Reduction in the Value of Quoted Equity Shares held as investments is considered temporary in nature by the management. Hence no provision for diminution in value of shares held as investments is made.
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