1. Company Overview
M/s Adhbhut Infrastructure Limited is a limited company incorporated in India on 19th February 1985. The address of its registered office is 910, Ansal Bhawan, 16 K.G.Marg, New Delhi-110001.
The Company is has engaged in Real estate development and operations spanning all key segments of the Indian real estate industry, namely the residential, commercial, and retail sectors. The Company's operations encompass various aspects of real estate and infrastructure development and all types of erection, commissioning projects on turnkey basis.
c) Right, preferences and restrications attached to shares
Equity Shares:
The Company has issued equity shares having a par value of Rs. 10/- per shares. Each Shareholders is eligible to one vote per share held and carry a right to dividend. The dividend, if proposed by the Board of Directors, is subjected to the approval of the shareholders in the Annual General Meeting, except in case of interim dividend. In the event of liquidation of the Company, the equity shareholders are eligible to receive the remaining assets of the company, after distribution of all preferential amounts. the distribuation will be in proportion to the number of equity share held by the shareholders.
Preference Shares:
The Company currently has issued 1% Non Convertible Non Cumulative Redeemable Preference Shaers of Rs. 10/each. Preference shares will not be redeemed before 10 years & not later than 18 years from the date of allotment at such premium as may be decided by the board of directors in accordance with the provision of Companies Act, 2013 or any re-enactment thereof.
NOTE 2 : EARNING PER SHARE
Earning per share is calculated by dividing the Profit/Loss attributable to the Equity Shareholders by the weighted average number of Equity Shares outstanding during the year. The numbers used in calculating basic and diluted earning per equity share.
NOTE 3 :
FIRST TIME ADOPTION OF IND AS
The Company has prepared its first Financial Statements in accordance with Ind AS for the year ended on 31st March, 2018. For periods upto and including the year ended 31st March, 2017, the company prepared its financial statements in accordance with indian GAAP, including accounting standards notified under the Companies (Accounting Standards) Rules, 2006 (as ammended). The effective date for Company's Ind AS opening balance sheet is as 1st April, 2016 (The date of transition to Ind AS
The accounting policies set out in Note 2 have been applied in preparing the financial statements for the year ended March 31, 2018, the comprehansive information presented in these financial statements for the year ended March 31, 2017 and in the preparation of any opening Ind As Balance Sheet at April 01, 2016.
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