i. During the year ended 31 March 2022, the Company has issued bonus shares by issuing 16,482,016 equity shares of Rs. 10 each in the ratio of 2:1 i.e. (two bonus equity shares for every one share held).
(c) Rights, preferences and restrictions attached to shares
The Company has one class of equity shares. Each shareholder is eligible for one vote per share held. 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.
The dividend proposed by the Board of Directors is subj ect to the approval of the shareholders in the ensuing Annual General Meeting, except in case of interim dividend.
(d) Shares held by Holding Company Particulars
Ganadhip Wholeseller Private Limited
During the previous year, the shareholding of the Holding Company, Ganadhip Wholeseller Private Limited, diluted pursuant to increase in the issued, subscribed and paid up capital and hence it ceased to be the Holding Company of the Company.
The Company has spent Rs Nil towards Corporate Social Responsibility as prescribed under Section 135 of the Companies Act, 2013. The details are:
i. Gross amount required to be spent by the Company during the year Rs Nil
ii. Amount spent during the year: Rs Nil
The Company is not required to carry the process of transferring the unspent amount to a special bank account.
The Company had elected to exercise the option permitted under section 115BAA of the Income Tax Act,
1961 as introduced by the Taxation Laws (Amendment) Ordinance, 2019 during the previous year.
Note 37 - Operating leases
The Company has taken warehouses and office premises under non cancellable operating lease. The Company has given refundable security deposits in accordance with the agreed terms.
Lease payments are recognized in the statement of profit and loss under Rent Rs Nil
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