(f) Pending Litigations
The Management of the company hereby confirms that there is no pending litigation against the company, which has not material impact on its Financial position and accordingly no provisions made in its Financial Statements.
(g) Employee Benefits
As per Accounting Standard-15 short term employee benefits, like salary, wages and incentives paid or payable for services rendered by employees during the year under reporting are charges to Profit & Loss account. Long term benefits like contribution to Provident Fund, ESI etc have been contributed by the Company and recognized as expenses for the period of services rendered by the employees and charged to profit & loss account for the year. Retirement benefits like Gratuity and Leave encashment is determined on the basis of Actuarial Valuation and provisions made in the financial statement and recognized as an expenses for the year.
h) List of all significant joint venture & description of interest:
1. The company has entered into a joint venture with M/s Authentic Developers Pvt. Ltd, Mr. Sanjay Kumar Pathak and Mr. Rajib Ranjan for construction of building at C-70, Sector 2, and Noida. and has invested of Rs. 2,49.90 lacs till the end of the financial year 2016-2017 .
2. The Company has other joint venture with Total Outsourcing Solutions which is engaged in the business of debt Syndication with Co-venture Mr. Sanjay Kumar Pathak
(I) Segmental Reporting:
Operating segments are reported in a manner consistent with the internal reporting provided to the Executive Management/Chief operating decision maker ("CODM").
(J) Reliable Data Services Limited (the Company) has ventured into a new line of activity for assignment of business debtors of M/s Abhipra Capital Limited New Delhi vide Agreement of business debtors executed on 22nd March 2024. M/s Abhipra Capital Limited is a depositary participant (DP) with NSDL and CDSL and Registered with SEBI as well. It has Accumulating Debtors on accounting off unpaid DP fees etc. of due for more than three month amounting to RS 916.33 Lakhs. It has agreed to accept the assignment of that amount at Rs. 800 Lakhs. And under writing charges of Rs. 106.33 lakhs has been upfront booked as income during the year
(K) The Board of Directors of the Company has recommended final/proposed dividend of Rs.0.03 per share for the current financial year.
The Company has maintained its books of accounts using accounting software that includes an audit trail (edit log) feature. This Feature has been operational throughout the financial year for all transactions recorded in the
software. The audit trail has not been tempered with and it has been preserved in accordance with statutory requirements for record retention.
(M)) Previous year’s comparatives:
Previous Year figures have been regrouped/ recast wherever necessary to make them comparable with current year amount.
Signed in terms of our separate report of even date
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