| 1. Corporate Information:
Meglon Infra-Real (India) Limited is a public company engaged primarily
in the business of Real Estate.
2. Basis of preparation of financial Statements:
The Financial statements have been prepared under the historical cost
convention on accrual basis. The mandatory applicable accounting
standards in India and the provisions of the companies Act,2013 have
been followed in preparation of these financial statements.
All assets and liabilities have been classified as current or
non-current as per the operating cycle criteria set out in the Revised
Schedule III to the Companies Act, 2013.
3. Investments: Investments are classified into Long-term Investments.
Long-term Investments are stated at cost. A provision for diminution is
made to recognize a decline, other than temporary, in the value of
Long-term Investments. However, fixed income long term securities are
stated at cost, less amortization of Premium/ discount and provision
for diminution to recognize a decline, other than temporary.
4. Related Party Disclosures:
Names of related parties and description of relationship:
Name of the party Relationship
Key Management Personnel
i) ChetanNaagraj Jain Managing Director
ii) AnandBabuSuvarna Director
iii) Rakesh ShantilalSurana Director
5. Contingent Liabilities and Capital Commitments:
Contingent Liabilities: Nil
Capital commitments: Nil
6. Foreign Exchange Transactions:
There are no foreign currency transactions during the current period.
7. Dues to Micro, Small and Medium Enterprises:
There are no amounts due to the suppliers covered under Micro, Small
and Medium Enterprises Development Act, 2006;
8. Earnings Per Share (EPS)
Basic earnings per share are calculated by dividing the net profit or
loss for the period attributable to equity shareholders by the weighted
average number of equity shares outstanding during the period.
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