| Terms & Conditions of Equity Shares
1 The Company has only one Class of Equity Shares having a par value of
Rs10/-each
2 Each Shareholders is eligible for one Vote per Shares held
3 The Dividend, if any. proposed by the Board of Directors is subject
to the approval of Shareholders in the Annual General Meeting, except i
the case of Interim Dividend.
4 In the event of liquidation, the Equity Shareholders are eligible to
receive the remaining assets of the company after distribution of a
preferential amounts, in proportion of their shareholding
5 There are Nil number of shares (Previous Year Nil) reserved for issue
under option and contracts/commitment for the sale of
shares/disinvestment including the terms and amounts.
6 For the period of five years immediately preceeding the date at which
the balance sheet is preparei
Particulars No.of Shares
Aggregate number and class of shares
allotted as fully paid up pursuant to Contract(s)
without payment being received in cast Nil
Aggregate number and class of shares
allotted as fully paid up by way of bonus share: Nil
Aggregate number and class of shares bought back Nil
7 There are nc securities (Previous Year no) convertible into
Equity/Preferential shares
8 There are no calls unpaid (Previous Year Nil) including calls unpaid
by Directors and Officers as on balance sheet date
9. The figures have been rounded off to nearest Rupee.
10. The provisions of Provident Fund Act, 1952 are not applicable to
the company for the time being.
11. No provision has been made for gratuity since number of employees
of the company does not exceed the limit often, thus, the provision of
Gratuity Act is not applicable.
12. The previous year's figure has been re-grouped/re-classified to
make them comparable with the figures of the current year.
13. No amount is due to Micro, Small or Medium Enterprises.
14. In the opinion of the Board, the Current Assets, Loans and
Advances are realizable in the normal course of business at the value
at which these are stated in the Balance Sheet.
15. There being only single segment, Segment Reporting as defined in
Accounting Standard-17 (AS-17) issued by ICAI is not applicable.
16. Investments include shares of the Pariksha Fin-Invest-Lease Ltd.,
which are listed at Delhi Stock Exchange; however, no latest quotation
is available.
17. Contingent Liability not Acknowledge as debt : NIL
18. RELATED PARTY DISCLOSURES:
In accordance with the requirements of Accounting Standard (AS)-18 on
'Related Party Disclosure' issued by The Institute of Chartered
Accountants of India, the names of the related parties where control
exist and/or with whom transaction have taken place during the Year and
description of relationships as identified and certified by the
management are :
A) Parties where control exists : NIL
B) Other Related Parties where transactions have taken place during the
year:
i) Associates : Uttam Distilleries Ltd.
ii) Key Management Personnel (KMP) : NONE
iii) Individuals having significant influence I substantial interest
and their relatives: -
* Mr. Raj Kumar Adlakha
* Mr. Rajan Adlakha
iv) Enterprises significantly influenced by individuals having
significant influence/substantial interest:
* The Standard Type Foundry Private Limited
* Uttam Foma Techno Cast Private Limited
* Uttam Sucrotech Limited
* Rose Dale Estates Private Limited
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