Investment in Liberty LLC is investment in Wholly Owned Subsidiary
The Company holds unquoted equity investments in certain entities for which fair value cannot be measured reliably due to lack of active market and reliable valuation inputs.
These investments have been measured at cost, which is considered as an appropriate estimate of fair value.
Equity Shares: The Company has one class of equity shares. 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.
48. Contingent Liabilities
There were no Contingent liability as on the date of the report
53 Investments in the Balance Sheet comprises of short term surplus funds invested in liquid schemes of Mutual Funds which are measured at fair value through Profit and loss.
54 The Company has 100% Subsidiary in US namely Libertycom, LLC as disclosed in note 7
55 Undisclosed Income
There were no Undisclosed income to be disclosed
56 CSR Expenditure
CSR is not applicable as per the provision of section 135 of Companies Act 2013
57 Other Statutory Disclosures as per the Companies Act, 2013
Disclosure as referred in Rule 11[e][i] & [ii] of Companies (Audit and Auditors) Amendment Rules, 2021
[i] The company has not advanced or loaned or invested funds to any persons or entities, including foreign entities (intermediaries) with the understanding that the Intermediaries shall:
1) Directly or indirectly invest or lend in other persons or entities identified in any manner whatsoever by or on behalf of the Company (Ultimate Beneficiaries) or
2) Provide any Guarantee, security or the like on behalf of the Ultimate Beneficiaries
[ii] The company has not received any funds from any persons or entities, including foreign entities (Funding parties) with the understanding that the company shall:
1) Directly or indirectly invest or lend in other persons or entities identified in any manner whatsoever by or on behalf of the Funding parties (Ultimate Beneficiaries) or
2) Provide any Guarantee, security or the like on behalf of the Ultimate Beneficiaries
Other Additional Regulatory Disclosures :
[a] The Company does not have any Immovable Property whose title deeds are not held in the name of the Company.
[b] The Company does not have any Benami property, where any proceeding has been initiated or pending against the Company for holding any Benami property.
[c] The Company has not advanced any loans or advances in the nature of loans to specified persons viz. promoters, directors, KMPs, related parties; which are repayable on demand or where the agreement does not specify any terms or period of repayment.
[d] The Company has not raised any funds through issue of securities or borrowings from banks or financial institutions during the year. Accordingly, the requirement to disclose the utilization of such funds for specific purposes does not arise.
[e] The Company has not been declared as a wilful defaulter by any lender who has powers to declare a Company as a wilful defaulter at any time during the financial year or after the end of reporting period but before the date when financial statements are approved.
[f] The Company does not have any transactions with struck-off companies Under Section 248 of The Companies Act 2013
[g] No layers of companies has been established beyond the limits prescribed under clause 87 of section 2 of the Companies Act, 2013 read with Companies (Restriction on number of Layers) Rules, 2017.
[h] All applicable cases where registration of charges or satisfaction is required with Registrar of Companies have been done. No registration or satisfaction of charge is pending for the period ended 31 March 2025 and for the year ended 31 March 2024.
[i] No scheme of arrangements have been approved by the competent authority in terms of Section 230 to 237 of the Companies Act, 2013
[j] There are no transactions not recorded in the books of accounts.
[k] The Company has not traded or invested in Crypto currency or Virtual Currency during the financial year.
[l] Figures have been rounded off to the nearest lakhs . Figures for the previous year have been re-classified / re-arranged / re-grouped, wherever necessary to conform to current year classification as per the requirement of Schedule III to the Companies Act, 2013.
|