The company has only one class of equity shares, having par value of Rs. 10/- per share. Each holder of equity share is entitled for one vote per share and have a right to receive dividend as recommended by the board of directors subject to the necessary approval from the shareholders. In the event of liquidation of the company, the holders of equity shares will be entitled to receive remaining assets of the company after distributing of all preferential amounts. The distribution will be in proportion to the number of equity shares held by the shareholders. The board of directors have recommended dividend of Rs. Nil per share.
13. SECURED LOANS:
a) Following are the secured loans obtained by the company;
1. Cash Credit Limit from Bank of India. Ellisbridge Branch
2. Term Loan Facilities from Bank of India. Ellisbridge Branch
3. Working Capital Term Loan (WCTL) from Bank of India. Ellisbridge Branch
4. Term Loan Facility from SREI Equipment Finance Ltd.
5. Housing Loan from Bank of India. Ellisbridge Branch
The above Facilities are secured by the following security;
1. Cash Credit Facility , Term Loan I & WCTL From Bank of India is secured by ^Primary Security:-
• Hypothecation of Plant & Machineries.( Assets ID :- 200014852345),
• Hypothecation of Stock & Book Debts.
• Equitable Mortgage of Hospitals Land & Building Situated at Sy No. 168/1 of 2005 Sq. Mts and Sy No. 168/2, of 1055 Sq, Mts of total admeasuring of 3060 Sq. Mts , Village-Sargasan, Tehsil Gandhinagar in the name of Aashka Hospital Ltd.
^Collateral Security:-
Equitable Mortgage of Plot no NA Land S. No. 404, 405, 406, 407, 408 , 409, 412, 413, 414, at Dharmoda , Tal Chanasma , Dist Patan, Gujarat admeasuring 66155 Sq. Mts Owned by Mr. Rameshbhai Maganbhai Desai & Mr. Bipin Dineshchandra Shah (Asset ID :- 200006252445).
Equitable Mortgage of Open Plot Sr. No. of NA Land, Survey No. 84,98,144,148,155,160,165, 169,196 & 208. Block No.531,542, and 543 at Dharisana, Taluka Degham, Dist Gandhinagar owned by Shri Bipin Shah, Shri Haresh Shah & Shri Girish Shah. (Asset ID :- 200006252445).
Equitable of Open Plot at Sanj Upvan Survey No. of NA Land Survey No. 6,8,11,12,12/A,46,47,50,52,54,57,69,79,83,95,105,106,192,193,197,200,204 Block No. 531 at Dharisana, Taluka- Degham Dist Gandhinagar owned by Shri Bipin Shah, Shri Haresh Shah and Shri Girish Shah.
Equitable of Open Plot NA Land Sanj Upvan Plot No. 107, 108,109,112,112/A,114 to 116, 124,128, 131 to 133, 136, 137, 140, 141, 149, 153 & 194 of Block No. 531 & 543 at Dharisana, Taluka- Degham Dist Gandhinagar owned by Shri Bipin Shah, Shri Haresh Shah and Shri Girish Shah.
2. Term Loans from SREI Equipment Finance Ltd
^Primary Security:-
Hypothecation of Cath Lab Equipment of the Company.
^ÝCollateral Security:-
Registered Mortgage of Commercial Land (Plot No 30 to 45) admeasuring 11481 sq yards located at Mouje - Dharisana , Taluka - Dahegam, Gandhinagar District & Owned by Mr. Bipin Shah and his brothers Mr. Harish Shah and Dinesh Shah
3. Term Loan against residential property of Director from Bank of India
Equitable Mortgage of Property situated at, Bunglow No. 39, Chaitnyanagar Society , Opp. Saviour Hospital, Stadium Road, Navrangpura, Ahmedabad, Gujarat
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14. Contingent Liabilities & Commitments ( to the extent not provided for ):- (' in Lacs)
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Particulars
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For the Year Ended 31st March, 2023
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For the Year Ended 31st March, 2022
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Contingent Liabilities
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Claim against the Company not acknowledged as debt
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Nil
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Nil
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Guarantee
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Nil
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Nil
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Other money for which the Company is contingently liable
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Nil
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Nil
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Commitments
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Estimated amount contracts remaining to be executed on capital account and not provided for
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Nil
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Nil
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Uncalled liability on shares and other Investments partly paid
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Nil
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Nil
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Other Commitments
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Nil
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Nil
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