The Company has one class of Equity shares having a par value of Rs.10/- per share. Accordingly, all equity shares rank equally with regards to dividends and share in the Company's residual assets. The company has issued 11,47,200 shares of Rs.10 per share fully paid up. The company has issued 5,50,400 share warrants of Rs.10 per share of which Rs. 2.50 is paid up. The equity shares are entitled to receive dividend declared from time to time.
i. There are no shares issued pursuant to contract(s) without payment being received in cash.
ii. The Company has issued 61,60,000 equity shares of Rs.10/- each as bonus shares in FY 22-23 against 14,00,000 equity shares of Rs. 10 each held as on 04.07.2022 in the ration of 44:10.
iii. There are no shares bought back.
Term Loan from Standard chartered Bank and Canara Bank is secured by pari passu charge of the following:
Term loan from Canara Bank is against hypothecation of Car (Tata Safari). Loan is repayable in 48equated monthly instalments. It carries interest 7.50% per annum. Term Loan from Standard Chartered Bank (SCB Loan 3) is Against hypothecation of Unit no.5 Basement Ground Floor and Unit No.7, Mohini Heights, 5th Road, Khar (West) Mumbai-400 052, properties owned by one of the director of the company. Loan is repayable in 180 monthly instalments. It carries interest 9.25% per annum.
Note: Company is not declared wilful defaulter by any bank or financial institutions or other lenders.
Overdraft Facility from HSBC Bank is taken against :
Company has taken overdraft facility form HSBC Bank against Exclusive charge on Residential property located At Flat No. 1101 and 1201, Platinum Building, Baba Sadguru Sharan HCS Ltd.(Platinum) , F/885, Plot no.40, 28th Road, Bandra (West), Mumbai 400050, owned by a director of the Company. Personal Guarantee from Sanjay Motiani and Kanchan Motiani for '10.85.00.000/-
Note 29. (b) Particulars relating to corporate social responsibility
As per the Companies Act, 2013, all companies having net worth ' 500 crores or more, turnover of ' 1,000 crores or more or net profit of ' 5 Crores or more during any financial year are required to spend at least 2% of average net profit of the Company's three immediately preceding financial year. Accordingly, the Company was required to spend ' 30,28,841/-(P.Y. 20,68,448/-) towards CSR activities in financial year 2023-24. Expenditure related to Corporate Social Responsibility incurred as per Section 135 of the Co. Act, 2013 read with Schedule VII thereof ' 29,00,000/-(22,00,000).
Note 29 (d) Details of benami property held
The company has not held any benami property during the year ended 31.03.2025 or year ended 31.03.2024.
There is no proceedings have been initiated or pending against the company for holding any benami property under the
Benami Transaction (Prohibition) Act, 1988 (45 of 1988) and the rules made thereunder.
Note 29 (e) Title deeds of Immovable Property not held in name of the Company
The company does not hold any such immovable property.
Note 29 (f) Compliance with number of layers of companies :
Company has complied with the number of layers prescribed under clause (87) of section 2 of the Act read with Companies
(Restriction on mumber of Layers) Rules, 2017
Note 29 (g) Compliance with approved Scheme(s) of Arrangements
Company has not prepared any scheme of Arrangements in terms of sections 230 to 237 of the Companies Act, 2013.
Note: 30 (h) Utilisation of borrowed funds and Share Premium
a) During the year, no funds have been advanced or loaned or invested from borrowed funds any other sources or kind of funds by the Company to or in any other persons or entities, including foreign entities ("Intermediaries"), with the understanding, whether recorded in writing or otherwise, that the Intermediary shall, whether, 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 provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries, except the money raised by way of intital public offer (including security premium) in the preceeding year have been applied for the purpose of which those were raised.
b) During the year, no funds have been received by the Company from any persons or entities, including foreign entities ("Funding Parties"), with the understanding, whether recorded in writing or otherwise, that the Company shall, whether, 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 provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries.
Note 31: OTHER DISCLOSURES
1. In the opinion of the management, the current assets, loans & advances are approx. of the same Value as stated, if realised in the ordinary course of business.
2. Trade Payables, Trade Receivables and Loans & Advances are subject to confirmation and reconciliation, if any.
3. Provisions for all known liabilities are adequate and not in excess of amount reasonably necessary
4. Previous years' figures have been regrouped / rearranged whereever found necessary.
| 