| 1. Terms/Rights attached to Equity Shares
The Company has only one class of equity shares having a par value of
Rs.10/- per share. Voting right is upon show of hands, every member is
entitled to one vote only irrespective of number of shares such member
is holding and upon a poll, each holder of equity shares is entitled to
one vote per share. In event of liquidation of the company, the holders
of equity shares will be entitled to receive remaining assets of the
company, after distribution of all the preferential amounts. The
distribution will be in proportion to the number of equity shares held
by the share holders.
B. Other Notes to Accounts and Disclosures :-
2. Related Party Disclosures (AS-18) :
A. Related Parties and their Relationship :
(i) Key Managerial Personnel (Directors) :
* P Mastan Rao, Non-Executive Promoter Director
* K Ratnakara Rao, Whole-Time Director
B. Particulars of Transactions with Related Parties: Nil
3. Contingent Liabilities and commitments - (AS-29):
a. Contingent Liabilities:
i. Guarantees and letters of credit: Nil
|