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ANNUAL REPORT 2018 - 2019
CONSOLIDATED STATEMENT OF CHANGES IN EQUITY
FOR THE PERIOD ENDED 31ST MARCH 201 9
*MovementinOthercomprehensiveincomerelatestoremeasurementsofthenetdefinedbenefitplans
#IncludecapitalreservesonaccountofconsolidationRs53.76(lakh s)
Natureofreserves
a) Capital Reserve : 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
shallcreateadebentureredemptionreserveoutofprofitsoftheCompanyavailableforpaymentofdividend.The
Companyisrequiredto 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
reservecannotbeutilisedbytheCompanyexcepttoredeemdebentures.
c) RetainedEarnings: RetainedearningsaretheprofitsthattheCompanyhasearnedtilldate,lessanytransfersto
otherreserve,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
143
CONSOLIDATED CHANGE IN EQUITY
