C Terms/rights attached to equity shares, including restrictions on distribution of dividends and the repayment of capital
The Company has only one class of shares referred to as equity shares having a par value of Rs 10 each Each holder of equity share is entitled to one vote per share.
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 disribution will be in proportion to the number of equity shares held by the shareholders
The company has taken policy for group gratuity scheme with Life insurance Corporation of India and making premium contributions towards Gratuity and Pension liability as intimated from time to time. The Company does not possess the data relating to actuarial valuation made by the Trust for the year and correspondingly does not have any actuarial valuation provision in the financial statement against such employee benefits.
The Company has submitted Performance Bank Guarantees worth of Rs.70.00 lakhs. The BGs were obtained against 100% margin money from various banks for Financial Inclusion projects.
Note: 30 Corporate social responsibility
In accordance with section 135(5) of the Companies Act, 2013, the CSR expenditure for the year was Rs. 16.46 lakhs and the CSR expenditure incurred was Rs. 21.20 lakhs resulting in surplus of Rs. 3.34 lakhs which can be adjusted against the CSR liability for the next three financial years.
There are no proceedings initiated or pending against the company as at 31st March 2024, under Prohibition of Benami Property Transaction Act, 1988 (as amended in 2016).
Note: 34 Wilful Defaulter
The company is not declared a wilful defaulter by any bank or financial institution or other lender.
Note: 35 Undisclosed incomes
The company does not have any such transaction which is not recorded in the books of account that has been surrendered or disclosed as income during the year in the tax assessments under the Income Tax Act, 1961 (such as search, survey or any other relevant provisions of the Income Tax Act, 1961)
Note: 36
No funds have been advanced or loaned or invested (either from borrowed funds or share premium or any other sources or kind of funds) by the Company to or in any other person(s) or entity(ies), including foreign entities ("Intermediaries") with the understanding, whether recorded in writing or otherwise, that the Intermediary shall lend or invest in party identified by or on behalf of the Company (Ultimate Beneficiaries). The Company has not received any fund from any party(s) (Funding Party) with the understanding that the Company shall whether, directly or indirectly lend or invest in other persons or entities identified by or on behalf of the Company ("Ultimate Beneficiaries") or provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries.
Note: 37 Struck off companies
The company has not entered into any transaction with the companies struck off as per section 248 of the Companies Act, 2013 or Section 560 of the Companies Act, 1956.
Previous figures have been regrouped wherever necessary to confirm to current years classification
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