(ii) Rights, preferences and restrictions attached to shares
The Company has only one class of issued, subscribed and paid-up equity shares having a par value of ?.10/- each Each shareholder of equity shares is entitled to one vote per share. In the event of liquidation of the Company, the shareholders of equity shares will be entitled to receive the remaining assets of the Company. The distribution will be in proportion to the number of equity shares held by the shareholders.
1 Company hasinvested in 700.000 Equity Shares of Rs 10/- each in the subsidiary Company Captain Castech Limited, incorporated on 25 February, 2020 [% of ownership held by the company as at 31 March 2024 - 70%] CIN U27209GJ2020PLC112933 having main cbjective of manufacturing Investment Casting in ferrous & Non-Ferrous Casting
2 Company has invested in 7000 equity shares of Rs 10/- each in subsidiary Company X2 Valves Private Limited, incorporated on 14 July, 2023 [% of ownership held by the company as at 31 March 2024 - 70%] CIN U28132GJ2023PTC142936 having main objective of manufacturing of Industrial Valves.
3 Company has invested in 3,00,000 Equity Shares of Rs. 10/- each in the Associate Company Captain Metcast Private Limited, incorporated on 2 November, 2020 [% of ownership held by the company as at 31 March 2024 - 20%] CIN U27310GJ2020PTC117869 having main objective of manufacturing Investment Casting (Ferrous & Non-Ferrous Casting) & Aluminium Pressure Die Casting.
No proceedings are initiated or pending against the Company for holding any benami property under the Benami Transactions (Prohibition) Act, 1988 and the rule made thereunder
36 Wilful Defaulter
Date of declaration as wilful defaulter NA
The board of directors of the Company is of the opinion that the Company has, till the date of signing of this financial statement, not been declared as willful defaulter by its banks or financial institution.
On the basis of confirmation with the parties, the board of directors of the Company is of the opinion that the Company did not have any transactions with companies struck off under section 248 of the Companies Act, 2013.
38 Registration of Charge
No charges or its satisfaction is yet to be registered with Registrar of Companies.
No funds have been advanced or loaned or invested (either from borrowed funds or share premium or any other sources or kind of furds) by the Company to or in any other person/s or entity/ies including foreign entity/ies (“Intermediaries”), with the understanding, wh sther recorded in writing or otherwise, that the Intermediaries shall lend or invest in party (“Ultimate Beneficiaries) identified by or on be ialf of the Company.
The Company has not received any fund from any party(s) ("Funding Party/ies"), with the understanding, whether recorded in writing or otherwise, that the Company shall, whether directly or indirectly lend or invest in other persons or entities identified by or on behalf of the Company (“Ultimate Beneficiary") or provide any guarantee, security, or the like on behalf of the Ultimate Beneficiary.
43 Undisclosed Income
The Company has not disclosed any transaction not recorded in books of account that has been surrendered or disclosed as income during the year in the tax assessments under the Income-tax Act, 1961 and also not recorded any previously unrecorded income and related assets.
44 Details of Crypto Currency
The Company has not traded or invested in Crypto Currency or Virtual Currency during the fiancial year ended on 31 March 2024.
45 Other Statutory Disclosures as per the Companies Act, 2013
a) The company has not entered into any scheme of arrangement approved by the Competent Authority in terms of sections 230 to 237 of the Companies Act, 2013.
46 Details of Assets Having Value Value on Realisation Less Than the Amount at which the Said Assets are Stated.
As at the end of the financial year 2023-24, the Board of Directors of Company is of the opinion that the assets other than Property, Plant and Equipment, Intangible Assets and non-current investments are of the value at which the said assets are stated in the balance sheet.
47 Subsequent Events
There has not been any reportable subsequent events happened after reporting date
48 Regrouping
Figures of previous year are regrouped/rearranged/reclassified, wherever necessary.
49 There has been no dividend proposed to be distributed to equity shareholder for the period ended 31 March 2024. In previous year dividend was proposed of ? 0.20 per share which was distributed during the current year
50 There has not been any securities issued in current year for any specific or general purpose, also there has not been any security issued during previous year for any specific or general purpose.
51 The Board of the Company is of the opinion that the assets other than Property, plant and equipment, Intangible assets and Non-current investments have a value on realization in the ordinary course of business at least equal to the amount at which they are stated
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