Terms / Rights attached to Equity Shares
The Company has one class of equity shares having a par value of Rs. 10 each. Each shareholder is eligible for one vote per share held. The dividend proposed by the Board of Directors is subject to the approval of the shareholders in the ensuing Annual General Meeting, except in case of interim dividend. In the event of liquidation, the equity shareholders are eligible to receive the remaining assets of the Company after distribution of all preferential amounts, in proportion to their shareholding.
Nature and purpose of Other Reserves
a) Securities Premium Account
Securities Premium Account is used to record the premium on issue of shares. The reserve will be utilised in accordance with the provisions of The Companies Act, 2013
b) General reserve
The general reserve is a free reserve which is used from time to time to transfer profitsfrom / to retained earnings for appropriation purposes. As the general reserve is createdby a transfer from one component of equity to another and is not an item of othercomprehensive income, items included in the general reserve will not be reclassified subsequently to statement of profit and loss.
c) Retained earnings
This reserve represents undistributed accumulated earnings of theCompany as on the balance sheet date.
Note : Steps have been taken to identify the suppliers who qualify under the definition of micro and small enterprises, as defined under the Micro, Small and Medium Enterprises Development Act 2006. Since no intimation has been received from the suppliers regarding their status under the said Act as at 31st March 2022, disclosures relating to amounts unpaid as at the year end, if any, have not been furnished. In the opinion of the management, the impact of interest, if any, that may be payable in accordance with the provisions of the Act, is not expected to be material.
19 Segment Reporting
As the company’s business activity fall within a single and primary business segment viz. trading and investment in shares and securities, the segment wise reporting in terms of Ind As-108 'Operating Segment' is not applicable.
22 Events after the Reporting Period
The Board of Directors have recommended dividend of Rs. 1.25 per fully paid up equity share of Rs. 10/- each, aggregating Rs.72.50 lakhs for the financial year 2023-24, which is based on relevant share capital as on 31st March, 2024.
The actual dividend amount will be dependent on the relevant share capital outstanding as on record date/book closure.
23 The figures for the corresponding previous year have been regrouped/reclassified wherever necessary, to make them comparable.
24 Approval of Financial Statements
The Financial Statements were approved for issue by the Board of Directors on 16th May, 2024.
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