b. Terms/rights attached to equity shares
The company has issued one class of equity shares having a 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. During the year ended March 31, 2024 the amount of dividend recognised as distributions to equity share holder's was NIL. The distrbution will be in proportion to the number of equity share held by the equity shareholder.
In the event of liquidation of the company, the holders of equity share will be entitled to receive 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 equity share holders.
Primary Security: CC/OD WHR limit with Central Bank of India is secured with pledged Ware House receipts(representing stock of Paddy) held at the warehouse of the M/s Star Agri Warehousing & Collateral Management Ltd.
Second,CC/OD limit with Central Bank of India is secured by Hypothecation of Stock, Book Debts and all current assets of the company.
Collateral Securities(CC/OD- Central Bankof India): 1. Hypothication of present & future P&M of the company and other fixed asset of the company, excluding vehicles financed by other banks.
2. Factory Land & Building measuring total 64 Kanal 12.5 marlas situated at Sunam-LehraGaga Road, village Khokhar Kalan, Tehsil LehraGaga, Distt. Sangrur in name of KCK Industries LTD.
Corporate Guarantee (CC/OD Central Bank of India): Persona/Corporate Gurantee of as follows:
1. Jagdish Prasad Arya s/o Keshraram Arya r/o 168 A, Ekta Vihar, Baltana, SAS nagar-140604. (Aadhar No. 8723-5551-2829).
2. Reena Sharma w/o Shrikant Sharma r/o Flat No. 103C, Metro Town, Peer Muchhala, Zirakpur-160104.(Aadhar No. 4057-8900-6409).
3. Ankit Kothari s/o Satyaveer Singh Kothari r/o H.No. 3009, Sector 28D, Chandigarh. (Aadhar No.8292-8373-1399).
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