Notes to Accounts of Brandbucket Media & Technology Ltd.

Mar 31, 2024

(ii) Rights, preferences and restrictions attached to shares

Equity Shares: The Company has one class of equity shares. Each shareholder is eligible for one vote per share held. The dividend proposed by the Board of Directors is 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.

The Members of the company at their eatra ordinary meeting held on 30th September, 2023 had approved the Allotment of 1,27,38,232 equity shares at an issue price of INR 34/- per share on preferential basis to shareholders of Binarycode IT and Consulting Private Limited for consideration other than cash in exchange of 1592279 equity shares representing 100% of the equity share capital of Binarycode IT and Consulting Private Limited, by virtue of which Binarycode IT and Consulting Private Limited shall become a wholly owned subsidiary of the company.

purchases Amounting to Rs. 29.02 crores includes items like Biscuits, Aerated water, razors etc. In our opinion these items do not form part of companies business particularly when in respect of these items, no sales have been made by the company. Also no stock records are available in respect of these items.

Employee benefit cost which includes salary expenses, the total salary expenses amount to Rs. 22.66 Lakhs. However, salary expenses have been provided through journal entries and otherwise than by way of banking channels. The said salary transactions are only verifiable upon confirmations from the receiving parties.