Page 126 - KRCL ENglish

Amount in
Details of Utilisation of Funds out of amount received
Rs. Crores

Balance unspent amount kept as Bank Balance in Current & Autosweep
Account as on 31 March’2019 related to share application money received 120.17
st
upto 31/03/2019

Amount received during the FY 19-20 against share application 30.76

Total amount 150.93
Less amount utilised by the company for the purpose for which the funds
43.17
st
were raised upto 31 March’2020
Balance unspent amount kept as Bank Balance in Current Account &
107.76
st
Autosweep Account as on 31 March’2020
The Company has not made any preferential allotment or private placement of fully or
partly convertible debentures during the year, so the question of applicability of clause
does not arise to that extent.

(xv) According to the information and explanations given to us and based on our
examination of the records of the Company, the Company has not entered into any
non-cash transactions with its directors or persons connected with directors during
the year and hence provisions of Section 192 of Companies Act 2013 are not
applicable to the company. Accordingly, paragraph 3(xv) of the Order is not
applicable.

(xvi) The Company is not required to be registered under section 45-IA of the Reserve Bank
of India Act, 1934.
For V. K. Surana & Co.
Chartered Accountants
Firm Reg No.110634W

Sd/-
CA. Sudhir Surana
Partner
Nagpur, July 30, 2020 Membership No. 43414
UDIN- 20043414AAAACF6409

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