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P. 103
ANNUAL REPORT 2018 - 2019
STATEMENT OF CHANGES IN EQUITY FOR THE YEAR ENDED 31ST MARCH 2019
Natureofreserves
a) CapitalReserve : The Company recognises profit and loss on purchase,sale,issue or cancellation of the
Company’sownequityinstrumentstocapitalreserve.
b) Debenture Redemption Reserve : The Companies Act requires that where a Company issues
debentures, it shall create a debenture redemption reserve out of profits of the Company available for
payment of dividend.The Company is required to maintain a Debenture Redemption Reserve of 25% of
the value of debentures issued, either by a public issue or on a private placement basis.The amounts
credited to the debenture redemption reserve cannot be utilised by the Company except to redeem
debentures.
c) Retained Earnings : Retained earnings are the profits that the Company has earned till date,less any
transferstootherreserve,dividendsorotherdistributionspaidtoshareholders.
In terms of our report of even date attached For and on behalf of the Board of Directors
For B D G & Associates Hemant Kumar Ruia Yashvardhan Ruia
Chartered Accountants Chairman & Managing Director Executive Director
Firm Registration No.:119739W
Din No.00029410 Din No.00364888
Rameshkumar L.Sharma
Partner Ajay Puranik
Membership No- 047896 President Legal & Company Secretary
Date : 27th May,2019 Pramod Sharma
Place : Mumbai Chief Financial Officer
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CHANGES IN EQUITY
