15.2 Terms / rights attached to equity shares
i) The company has only one class of equity shares having a par value of Rs. 10 per share. Each holder of equity share is entitled to only one vote per share.
ii) 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 shareholders.
No equity shares have been reserved for issue under options and contracts/ commitments for the sale of shares/ disinvestment as at the Balance Sheet date.
The company has not issued any number of shares for consideration other than cash and has not bought back any number of shares during the period of five years immediately preceding the
reporting date.
No bonus shares have been issued during the year.
No securities convertible into equity shares have been issued by the Company during the year.
(ii) The Company has not been declared willful defaulter by any bank or financial institution or Government or any Government authority or other lender, in accordance with the
guidelines on wilful defaulters issued by the Reserve Bank of India.
(iii) The Company does not have any transaction with companies struck off under Section 248 of the Companies Act, 2013.
(iv) The Company does not have any charge or satisfaction which is yet to be registered with Registrar of Companies beyond the statutory period.
(v) The Company has complied with the number of layers prescribed under Clause (87) of Section 2 of the Companies Act, 2013 read with the Companies (Restriction on number of
Layers) Rules, 2017 from the date of their implementation.
(vi) The Company do not have any such transaction which is not recorded in the books of accounts that has been surrendered or disclosed as income in the tax assessments under t
Income-tax Act, 1961 (such as, search or survey or any other relevant provisions of the Income-tax Act, 1961). Further, there are no transactions which are previously unrecordei
income and related assets that were recorded in the books of accounts during the year.
(vii) The Company has not traded or invested in Crypto currency or Virtual Currency during the financial year, and hence disclosure relating to profit or loss on transactions involving
Crypto/Virtual Currency and amount of currency held as at the reporting date and deposits or advances from any person for the purpose of trading or investing in Crypto/virtual
currency is not applicable.
(viii) There is no scheme of arrangement approved by competent authority in terms of sections 230 to 237 of the Companies Act,2013 during the year, hence relevant disclosures are
not applicable.
(ix) The Company have not advanced or loaned or invested funds to any other person(s) or entity(ies), including foreign entities (Intermediaries) with the understanding that the
Intermediary shall:
(a) directly or indirectly lend or invest in other persons or entities identified in any manner whatsoever by or on behalf of the Company (Ultimate Beneficiaries); or
(b) provide any guarantee, security or the like to or on behalf of the Ultimate Beneficiaries.
(x) The Company have not received any fund from any person(s) or entity(ies), including foreign entities (Funding Party) with the understanding (whether recorded in writing or
otherwise) that the Company shall:
(a) directly or indirectly lend or invest in other persons or entities identified in any manner whatsoever by or on behalf of the Funding Party (Ultimate Beneficiaries); or
(b) provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries.
(xi) The Company has not been sanctioned working capital limits by banks or financial institutions on the basis of security of current assets during any point of time of the year. Henc
relevant disclosures are not applicable.
Previous year figures have been regrouped and reclassified where necessary to conform to this year's classification. During the previous year, the company has disclosed amoun'
51 receivable against demand raised under the head "Trade receivable". However, based on review of commonly followed practices, the management believes that these assets ar
more relevant to be classified as "contract assets" under "others current assets" . Accordingly, previous year comparatives as at March 31, 2024 relating "Trade receivables"
amounting to Rs. 3,95,47,887.31 lakh are reclassified as "other current assets".
The accompanying notes are an integral part of the Financial Statements
As per our Report of even date.
For Garv & Associates For and on behalf of,
Chartered Accountants Pansari Developers Limited
Firm's Registration No. 0301094E
Sd/- Sd/- Sd/-
Anshuma Rustagi Mahesh Kumar Agarwal Ankit Agarwal
Partner (Managing Director and Chairman) (Whole Time Director)
Membership No. 062957 Din No. 00480731 Din No. 02804577
Sd/- Sd/-
Place: Kolkata Kavita Agarwal Rajshree Somani
Date: 28th May, 2025 (Chief Financial Officer) (Company Secretary)
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