The company recognizes a provision when there is a present obligation as a result of a past event and it is probable
that it would involve an outflow of resources and a reliable estimate can be made of the amount of such obligation.
Such provisions are not discounted to their present value and are determined based on the management's
estimation of the obligation required to settle the obligation at the balance sheet date and adjusted to reflect
management's current estimates. The company has discontinued the policy of carry forward of leave, hence the
balances provision which was brought forward has been written back to the profit & loss statement
4 - SHARE CAPITAL
The Authorised, Issued, subscribed and fully paid up share capital comprises of equity shares having par value of '
10 each as follows
b. Terms/rights attached to Equity Shares
The company has only one class of equity shares having a par value of 10 per share. Each holder of equity shares is
entitled to one vote per share. The company declares and pays dividends in Indian rupees. The dividend proposed
by the Board of Directors is subject to the approval of the shareholders in the ensuing Annual General Meeting.
In the event of liquidation of the company, the holders of equity shares will be entitled to receive 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 shareholder.
32. Figures for the previous year have been rearranged/ regrouped / recast wherever necessary to conform to the current year
presentation/ classification.
33. Figures represented in the financial statements has been rounded off to the nearest rupee
For SMV & Co For and on Behalf of Board of Directors of
Chartered Accountants Globe MultiVentures Limited
Sd/- Sd/-
Sd/- Sivalenka Satyamurthy Sivalenka Kameswari
R Vamsi Krishna DIRECTOR MANAGING DIRECTOR
Partner DIN:00412609 DIN:00412669
M. No. 229292
UDIN: 24229292BKAMSM9657
Place: Hyderabad
Date: 30/05/2024
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