Page 205 - BCML AR 2019-20

BALRAMPUR CHINI MILLS LIMITED

Notes forming part of the Standalone Financial Statements

Note No. : 36 Other disclosures (contd.)

As at 31st March, 2019: (H in Lacs)

Sl. Description Trade Payable to Total
Payables suppliers of
No. capital goods

(i) The principal amount remaining unpaid to suppliers as at the end of accounting year * 95.43 29.08 124.51
(ii) The interest due thereon remaining unpaid to suppliers as at the end of accounting year - 0.01 0.01
(iii) The amount of interest paid by the Company in terms of section 16, of the Micro, Small
and Medium Enterprises Development Act, 2006, along with the amount of payment
made to the suppliers beyond the appointed day during the year 1.19 1.98 3.17
(iv) The amount of interest due and payable for the period of delay in making payment (which
have been paid but beyond the appointed day during the year) but without adding the
interest specified under Micro, Small and Medium Enterprises Development Act, 2006 1.97 1.29 3.26
(v) The amount of interest accrued during the year and remaining unpaid at the end of the
accounting year** 1.97 1.30 3.27
(vi) The amount of further interest remaining due and payable even in the succeeding years,
until such date when the interest dues as above are actually paid to the small enterprise,
for the purpose of disallowance of a deductible expenditure under section 23 of the
Micro, Small and Medium Enterprises Development Act, 2006 – – –
* Included in the line item “Total outstanding dues of micro enterprises and small enterprises” under Note No. 24.
** Included in the line item “Others” under Note No. 25.
5. During the year ended 31st March, 2020, the Company had undertaken a Buy Back of 84,38,327 equity shares of the Company, through
the “Tender Offer” route using the Stock Exchange Mechanism, for an aggregate amount of H 14767.07 Lacs (being 9.82% of the total
paid-up equity share capital and free reserves of the Company as on 31st March, 2018), at a price of H 175/- per equity share on a
proportionate basis in accordance with the provisions contained in the Companies Act, 2013 (as amended), rules made thereunder,
the SEBI (Buy Back of Securities) Regulations, 2018 and other applicable circulars, clarifications and notifications and the settlement in
respect of share bought back have been completed on 4th June, 2019. Formalities pertaining to extinguishment of the shares bought
back were completed on 10th June,2019.
Consequent to the said buy-back, the equity share capital has been reduced by H84.38 Lacs and an amount equivalent to the face
value of the equity shares bought back has been transferred from Securities premium to Capital Redemption Reserve and differential
amount of H14682.69 Lacs with respect to aggregate consideration in excess of face value of the equity shares bought back has also
been adjusted from Securities premium.

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