Face Value of Shares: All the equity shares are of same class with a face value of ^10 per share. Company has not issued any shares during the year under consideration.
Rights, Preferences and Restrictions attached to Shares :
Equity Shares: The Company has one class of equity shares having a par value of ^10 each. Each shareholder is eligible for one vote per share held. If any dividend is proposed by the Board of Directors, it shall be subject to the approval of the shareholders in the ensuing Annual General Meeting, except in case of interim dividend. In the event of liquidation, the equity shareholders are eligible to receive the remaining assets of the Company after distribution of all preferential amounts, in proportion to their shareholding.
Nature and Purpose(A) General Reserve:
Under the erstwhile Companies Act, 1956, general reserve was created through an annual transfer of net income at a specified percentage in accordance with applicable regulations, however the same is not required to be created under Companies Act, 2013. This reserve can be utilised only in accordance with the specified requirements of Companies Act, 2013.
(B) Securities Premium:
Securities premium is used to record the premium received on issue of shares. The reserve can be utilised only for limited purposes in accordance with the provisions of the Companies Act, 2013.
(C) Profit and Loss Account/ Retained earnings :
Retained earnings are the profits that the Company has earned till date, less any transfers to generate reserve, dividends or other distributions paid to Shareholders. It also includes re measurement gains and losses on defined benefit plans recognised in other comprehensive income (net of taxes).
Note: 25: Contingent Liabilities and Commitments
i) Counter Guarantees given for the Bank Guarantees issued by the Bank of India for ^113.75 Lacs (P.Y. ^113.75 Lacs) in favour of Clearing Corporation, Clearing Member, Stock Exchanges etc. Margin by way of Bank fixed deposits of ^64.44 Lacs (P.Y. ^63.83 Lacs) is given to the bank against the said Bank Guarantees.
ii) In consideration with concept of prudence, no contingent assets are recognized.
Note: 26
Shares (inventory) worth ^ 16.19 Lacs (P.Y. ^11.66 Lacs) were pledged with Clearing Member towards margins for Futures & Options segment as on 31st March, 2024. However, there was no open position as on 31st March, 2024 hence, the margin was Nil.
Note: 27
Some of the balances of Sundry Debtors, Creditors and Loans and Advances are subject to confirmation and reconciliation, if any.
Note : 28
Related Party Disclosure :- Related party transactions during the year
Note : The Figures in bracket represent amount of corresponding previous year
Note: 30
Information about foreign currency earnings and outgo:-
CIF value of Imports, Expenditure & Earning in foreign exchange: -
Consultancy Fees Income: ^4,62,303/- (P.Y. ^ NIL)
Foreign Travel Expenses: ^ 2,50,278/- (P.Y. ^ NIL)
Note: 31
Previous year's figures have been re-grouped/re-classified/re-arranged to correspond with the current year's classification/disclosure.
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