The company has only one kind of shares referred to as Equity share having a par value of Rs. 2 per share. Each holder of equity share is entitled to one vote per share.
The company has neither declared nor paid any dividend.
In the event of liquidation of the Company, the holders of equity shares will be entitled to receive any of the 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.
Note 1.2 Details of the shareholders of the company holding more than 5 % shares in the company
The Term Loans with the AXIS Bank, as aforesaid at point numbers 1 are secured EMG/first charge on factory land and building & Plant & Machinery. Hypothecation/first charge on P & M and other moveable assets. Further, in respect of the said loans the following assets serve as collateral security :
1) . Equitable mortgage on Premises No. 2 A/1 & 2 A (I) A situated at Aarazi No. 247 Factory Area Gajjupurwa, Jajmau, Kanpur and Private Plot No. 25 situated at Aarazi No. 248, Factory Area Gajjupurwa, Jajmau, Kanpur total admeasuring 2139.52 Sq Mtr in the name of Asad Kamal Iraqui, Anwar Kamal Iraqi, Smt. Saliha Khatoon & Smt. Samina Asad Iraqui.
2) . Land & Building situated at Aarazi No. 657 & 658 Mauza Singrausi inside Nagar Palika Pargana Tehsil & Distt. Unnao & Aarazi No. 729 Mi, 1006 Mi Mauza Akrampur inside Nagar Palika, Kundan road, Singrosi, Unnao and part of Aarazi No 725 Mi & 726 Mi Khata No. 251 part of Aarazi No 727 Mi, 728 Mi, 730 Mi & 732 Mi Khata No. 124 part of Aarazi No. 1008 situated at Mauza Akrampur inside Nagar Palika,
Kundan road, Singrosi, Unnao and Khata No. 001 Aarazi No. 1007 Mi situated at Akrampur, Chakarampur inside Nagar Palika, Kundan road, Singrosi, Unnao measuring 16539 Sq Mtr in the name of Anwar Kamal Iraqi.
Furthermore, the following individuals have given a personal guarantee for the said loans :
Sri Asad Kamal Iraqi Sri Anwar Kamal Iraqi Sri Mohd. Ajwad Smt. Samina Asad Iraqi Smt. Saliha Khatoon
As per the information and explanation made available to us, there were no continuing defaults in repayment of loans and the interests thereon.
The unsecured deposits as aforesaid at point no. 2 have been taken from the directors and equity shareholders of the company. The company does have an unconditional right to defer settlement of liability for a period exceeding one year after the reporting date.
The Company does not owe any dues outstanding for more than the period specified in Micro, Small & Medium Entprises Development Act, 2006 as at 31st March, 2024, to any Micro, Small & Medium Enterprises. This information is based on data available with the Company.
Confirmation of Balances from Sundry Debtors, Creditors and loans and Advances have been received in certain cases wherever the confirmation of balances are pending, the balances are appearing in the books of accounts.
Confirmation of Balances from Sundry Debtors have been received in certain cases wherever the confirmation of balances are pending, the balances are appearing in the books of accounts.
Sundry Debtors include dues from the following companies under the same management arising under the normal course of business : NIL