Redemption of preference shares issued after amendment of Company Act in 2013.
The B/s before redemption includes different Revenue Reserves and Security Premium.
CRR created to the extent of 60% of Preference share capital and balance out of fresh issue.
The B/s before redemption includes investments representing 75% of Preference share capital
to be redeemed and investments are sold at 10% loss.
Subsequent to redemption bonus shares issued in the ratio of one equity share for every four
shares held including fresh issue.
For the purpose of bonus issue security premium also utilised along with other available
reserves.
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Management includes the activities of setting the strategy of an organization and coordinating the efforts of its employees (or of volunteers) to accomplish its objectives through the application of available resources, such as financial, natural, technological, and human resources.
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