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About Weizmann Forex Ltd.
If you are submitting tender forms or submitting physical share certificates, it must reach to registrar by. As this is a buyback tender offer, shares are accepted in proportionate basis. Money will be directly depositedin your registered bank account. Usually money will be deposited on and after 3rd Sep , which is last date of settlement of bids on the Stock Exchange.
Rejected shares will be available in your demat account for trading in open market by 3rd Sep For Buy back shares holders are divided in 2 categories: We can help you choose the right broker. Are you a day trader? What is the record date for DB Corp Ltd buyback offer? After that company announces buyback open and close window, so you need to sell your share in buyback process.
You can do this online or contact your broker to sell your share in buyback, so he can place a request on your behalf.
Next step is with registrar - depend on buyback acceptance ration, your shares will be sold in buyback process and fund will directly debited in your bank account. Any rejected share will be revert in your demat account which you can sell in open market or hold for long term gain.
How many DB Corp Ltd share are eligible for buyback? Retail Investor can sell up to Rs , worth of shares. When I need to offer my buyback share? In case of physical share holding, you will get a cheque. What will happen to rejected shares of DB Corp Ltd buyback offer? Karvy Computershare Private Ltd. Further, the Company has not received any Memorandum as required to be filed by the suppliers with the notified authority under the Micro, Small and Medium Enterprises Development Act, claiming their status.
In respect of trade receivables overdue for six months, the Company has initiated suitable legal actions in all major cases and does not envisage the need for any provision against the same. In the opinion of management the balances as appearing in the books of account are fully realisable in the normal course of business] Segment reporting: Nil b Loans and advances to associate companies: The Company has reclassified previous years figures to confirm to this years classification.
It significantly impacts presentation and disclosures made in the financial statements, particularly presentation of the Balance sheet. However it does not impact recognition and measurement principals followed for the preparation of the financial statements.
Accordingly, the assets and liabilities of the said forex business undertaking as at 1st April, stands vested in the Company and the transactions post 1st April, have been incorporated in the financials of the Company. As per the Composite Scheme of Arrangement, the Company has issued and alloted 11,, equity shares in the ratio of two equity shares of face value of Rs. Consequently, the figures for the year are not comparable with those of the previous year.
Consequent to an approval received from the Registrar of Companies, Maharashtra, Mumbai and as envisaged in the Composite Scheme of Arrangement, during the year, the Company has changed its name from ''Chanakya Holdings Limited'' to ''Weizmann Forex Limited'' w.
Estimated amounts of contracts remaining to be executed on capital account not provided for net of advances Rs. In respect of debtors outstanding for more than six months, the Company has initiated suitable legal actions in all major cases and does not envisage the need for any provision against the same.
In the opinion of management the balances as appearing in the books are fully realisable in the normal course of business. There are no amounts due and outstanding to be credited to Investors Education and Protection Fund as at 31st March, Based on the information of status of suppliers to the extent received by the Company, there are no micro, small and medium enterprises included in sundry creditors to whom the payments are outstanding for a period of more than 45 days.
As the Company is not a manufacturing Company, information required under paragraphs 3 and 4 of Schedule VI of the Companies Act, is not given. The present value of obligation is determined based on valuation using the projected unit credit method as per the LIC Certificate. As per the Accounting Standard AS 28 Impairment of Assets, the Company has reviewed the potential generation of economic benefits from fixed assets.
Accordingly, no impairment loss has been provided during the year. Previous year''s figures have been regrouped wherever necessary. Notes to Accounts of Weizmann Forex Ltd. The Company has only one class of Equity Shares having face value of '' 10 per share. Reconciliation of changes in defined benefit obligation Segment reporting: Nil b Loans and advances to Associate Companies Rs. The Company has carried out CSR expenditure during the year a Gross amount required to be spent by the Company during the year: The accompanying note 1 and 2 form an integral part of the financial statements Mar 31, 1.
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