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You can view the entire text of Notes to accounts of the company for the latest year

BSE: 507813ISIN: INE296D01010INDUSTRY: Industrial Gases

BSE   ` 108.65   Open: 108.15   Today's Range 107.50
113.00
-1.25 ( -1.15 %) Prev Close: 109.90 52 Week Range 80.01
159.90
Year End :2015-03 
A. The company has only one class of equity shares having par value of Rs.10 per share. Each holder of equity shares is entitled to one vote per share. The company declares and pays dividend in Indian Rupees. The dividend proposed by the Board of directors is subject to the approval of the share holders in the ensuing Annual General Meeting.

B. The Board of Directors of the Company have not recommended any dividend for the year ended 31st March, 2015 and for the corresponding previous year.

(a) Nature of security for secured borrowings are given below:

Term Loans and Overdraft from Bank against Tangible Collateral Security (OD TCS) are Secured by Equitable Mortgage of Leasehold Land & Building and hypothecation of the assets acquired for the new Project and further secured by way of first charge on the block of other movable Assets and future receivables of the company, present and future, and guaranteed by the Managing and Joint Managing Director of the Company

(a). Nature of security for secured borrowings are given below:

i) Cash Credit Loan from Bank is secured by hypothecation of Finished Goods, Raw Materials, Work in Process, Stores & Spares and Book Debts of the Company and second charge on Fixed Assets of the Company and guaranteed by the Managing Director and Joint Managing Director of the Company

ii) Loan against Fixed Deposits are secured by way of Lien on the respective Fixed Deposits