Other developments
In the current financial year, the Company has opted to avail benefit under Direct Tax Vivad se Vishwas Act, 2020 (‘VSV Act') to settle pending direct tax disputes for four assessment years. The Company filed the application under the VSV Act and the same has been approved by the tax authorities. A provision has been created for the disputed tax liability arrived as per the VSV Act/approval from tax authorities
Equity capital stood at Rs 31.57 crore as of 31 March 2021 to Rs 31.57 crore as of 31 March 2020. Per share face Value remained same at Rs 10.00.
Promoters' stake was 75.00% as of 31 March 2021,compared to 74.00% as of 31 March 2020.