a. Terms & Conditions
The Company has only one class of equity shares having par value of Rs.
10/- per share. Each holder of equity share is entitled to one vote per
share. The Company declares and pays dividend in Indian Rupees. The
dividend proposed by the Board of Directors is subject to the approval
of the shareholders in the ensuing Annual General Meeting.
In the event of liquidation of the Company, the holder of equity shares
will be entitled to receive remaining assets of the Company, after
distribution of all preferential amounts. The distribution will be in
proportion to the number of equity shares held by the shareholders.
i. Balance Outstanding of Related Parties NIL
Note :Related Parties as disclosed by Management and relied upon by
auditors.
Note26:The Board of Directors of the Company in the meeting held on
February 1, 2013 approved a Composite Scheme of Amalgamation under
section 391 to 394 of Companies Act, 1956 with SPG Multi Trade Private
Limited, Archana Hitech Consultants Limited and Vandana Hitech Systems
Limited with effect from April 1, 2012, being the Appointed Date.
However the Board has withdrawn the scheme of amalgamation in their
meeting held on 09.01.2015.
Note 2: There are no items attributable to the timing difference
between taxable income and accounting income hence no deferred tax
liabilities (assets) as required by Accounting Standard (AS) - 22 has
been recognized during the year.
Note 3 : Additional Information pursuant to Clause 32 of Listing
Agreement :
Note 4: The previous year's figures have been regrouped / rearranged
wherever necessary in order to conform to current period's
presentation.
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