Mar 31, 2014
1. Terms/rights attached to equity shares :
The Company has only one class of equity shares having a face value of Rs.10/~ each. Each holder of equity share is entitled to one vote per share. The Company declares and pays dividends 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.
During the year ended on 31st March 2014, no dividend was declare either Interim or final (Previous year Rs.Nil including Interim dividend of Rs.Nil).
In the event of liquidation of the Company, the equity shareholders 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.
2. RELATED PARTY DISCLOSURE
As per accounting standard 18, disclosures of the transactions with the related parties as defined in the Accounting Standard are given below;
(i) List of related parties with whom transactions have been taken place and relationship:
NAME OF THE RELATED PARTY RELATIONSHIP
Shri Danmal Porwal Key Management Personnel
Smt. Aditi Porwal Relative of Key Management Personnel