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NOTES TO ACCOUNTS

Rishabh Digha Steel & Allied Products Ltd.
You can view the entire text of Notes to accounts of the company for the latest year
Market Cap. (₹) 27.54 Cr. P/BV 1.53 Book Value (₹) 32.81
52 Week High/Low (₹) 56/25 FV/ML 10/1 P/E(X) 2.39
Bookclosure 30/09/2024 EPS (₹) 20.96 Div Yield (%) 0.00
Year End :2024-03 

The Company has only one class of equity shares having a par value of Rs. 10 per share. Each holder of equity shares is entitled to one vote per share. In the event of liquidation of the Company, holder of equity shares will be entitled to receive remaining assets of the Company after distribution of all preferential amount. The distribution will be in proportionate to the number of equity shares held by the shareholders.

Note 23 Other Statutory Obligations

(i) The Company does not have any Benami property, where any proceeding has been initiated or pending against the Group for holding any Benami property.

(ii) The Company does not have any transactions with companies struck off under section 248 of Companies Act, 2013 or section 560 of Companies Act, 1956 during the year.

(iii) The Company do not have any charges or satisfaction which are yet to be registered with ROC beyond the statutory period.

(iv) The Company has not traded or invested in Crypto currency or Virtual Currency during the financial year.

(v) The Company has not advanced or loaned or invested funds to any other person(s) or entity(ies), including foreign entities (Intermediaries) with the understanding that the Intermediary shall:

(a) directly or indirectly lend or invest in other persons or entities identified in any manner whatsoever by or on behalf of the company (Ultimate Beneficiaries) or

(b) provide any guarantee, security or the like to or on behalf of the Ultimate Beneficiaries

(vi) The Company has not received any fund from any person(s) or entity(ies), including foreign entities (Funding Party) with the understanding (whether recorded in writing or otherwise) that the Group shall:

(a) directly or indirectly lend or invest in other persons or entities identified in any manner whatsoever by or on behalf of the Funding Party (Ultimate Beneficiaries) or

(b) provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries,

(vii) The Company does not have any such transaction which are not recorded in the books of accounts that have been surrendered or disclosed as income during the year in the tax assessments under the Income Tax Act, 1961 (such as, search or survey or any other relevant provisions of the Income Tax Act, 1961

(viii) The Company has not been declared willful defaulter by any bank or financial institution or other lender.

(ix) The company is not required to comply the CSR Regualtions under the Companies Act, 2013

Note 24 The Company does not have any pending litigations which would impact its financial position.

Note 25 The Company did not have any long-term contracts including derivative contracts for which there were any material foreseeable losses.

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