| 1. a Employee Benefits
As per Accounting Standard 15 "Employee Benefits", the disclosures of
Employee benefits as defined in the Accounting Standard are given
below:
Defined Contributions :
Payments and provisions for employees include Rs. 74.39 lakhs (previous
year Rs. 67.40 lakhs) recognised as expense in respect of defined
contribution plans.
Defined Benefit Plans :
Gratuity - Gratuity is payable to all the eligible employees of the
Company on resignation, death, permanent disablement in terms of the
Payment of Gratuity Act, 1972.
Leave Encashment - Entitlement to annual leave is recognised when they
accrue to employees. Annual leave can either be availed or encashed
subject to a restriction on the maximum number of accumulated leaves.
Rs. in lakhs
As at As at
31.03.2014 31.03.2013
2. Contingent Liabilities
a. In respect of Income Tax matters 20.77 27.00
towards interest and penalty
b. In respect of Electricity Demands 0.85 0.85
3. Other Commitments
The Company remains exposed to liability towards fuel surcharge
adjustments (FSA), which are notified by power distribution companies
of Andhra Pradesh pertaining to the earlier years which are being
adjusted in future tariff payable for consumption. Accordingly charges
are accounted for in the year of payment/bill raised for the same.
Note No 4.
RELATED PARTY TRANSACTIONS NAMES OF ASSOCIATED COMPANIES
Srinivasa Foods and Feeds Private Limited, Varuna Hatcheries Private
Limited, SHL Foods Private Limited, Srikrishnadeveraya Hatcheries
Private Limited and Sauri Breeding Farms Private Limited
NAMES OF ASSOCIATED FIRMS
SHL Ventures and Srinivasa Ventures NAMES OF KEY MANAGEMENT PERSONNEL
Sri. C.Jagapati Rao, Sri. C.Suresh Rayudu, Dr.K.Somi Reddy and
Sri.K.Ashok Reddy NAMES OF RELATIVES OF KEY MANAGEMENT PERSONNEL
Mrs.C.Mangayamma, Mrs.E.Padmaja, Mrs.P.Usha Lakshmi and Mrs. C.Anuradha
5. Previous year's figures have been regrouped, rearranged and
reclassified, wherever considered necessary, to conform to the current
year's classification.
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