Contingent liabilities and commitments
(Disclosure pursuant to Note no. 6(T) of Part I of Schedule III to the Companies Act, 2013)
b. Dividends - NIL
(Disclosure pursuant to Note no. 6(U) of Part I of Schedule III to the Companies Act, 2013)
c. (Disclosure pursuant to Note no. V of Part I of Schedule III to the Companies Act, 2013)
Spectrum Electrical Industries Limited got listed at NSE Emerge Platform on 1st October, 2018 and allotted 39,80,000
equity shares of face value of Rs. 10/- each at an issue price of Rs. 65/- (including of security premium of Rs. 55/- each)
for setting up new plant & meeting Working Capital Requirement, Issue Expenses and General Corporate Expenses.
d. (Disclosure pursuant to Note no. VA of Part I of Schedule III to the Companies Act, 2013)
The Company has used the borrowings from banks for the specific purpose for which it was taken by the Company.
e. Value on realization
(Disclosure pursuant to Note no. 6(W) of Part I of Schedule III to the Companies Act, 2013)
Additional Regulatory Information as per part Y of Schedule III to the Companies Act, 2013)
i - Title deeds of Immovable Property not held in name of the Company - there is no such immovable properties
which is not held in the name of Company.
ii - During the current financial year the Company has not revalued its Property, Plant and Equipment.
iii - During the reporting period, the Company has not granted any loan or advances to its promoters, Directors, KMPs
and the related parties (as defined under Companies Act, 2013,) either severally or jointly with any other person.
v - Intangible assets under development: NIL
vi - Details of Benami Property held
No any proceedings have been initiated or pending against the Company for holding any benami property under the
Benami Transactions (Prohibition) Act, 1988 (45 of 1988) and the rules made thereunder.
vii - The Company has borrowed from banks on the basis of security of current assets.
(a) The Company has submitted quarterly returns and statements of current assets with the Bank are in agreement with
the books of accounts.
viii - Wilful Defaulter -
The company has not defaulted in repayment of dues to a financial institution or bank.
ix - Relationship with Struck off Companies -
The Company does not have any relationship with companies struck off under section 248 of the Companies Act, 2013
or section 560 of Companies Act, 1956
x - Registration of charges or satisfaction with Registrar of Companies -
The Company has registered all charges by way of filing e-form CHG-1 with the Registrar of Companies within the time
specified under the Companies Act, 2013
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