129 Note 29.14 Capital management The primary objective of capital management is to maximise shareholder value, safeguard business continuity and support the growth of the Company. It determines the capital requirement based on annual operating plans, long-term plans and other strategic investment plans. The funding requirements are met through equity and operating cash flows generated. The Company is not subject to any externally imposed capital requirements (refer Note 29.13 (b) for debt-equity ratio). Note 29.15 Other statutory information (required by schedule III to the Companies Act, 2013) a) The Company has not entered into any such transaction which is not recorded in the books of account that has been surrendered or disclosed as income during the year in tax assessments under the Income Tax Act, 1961. b) The Company has complied with the number of layers prescribed under Clause (87) of Section 2 of the Act read with the Companies (Restriction on Number of Layers) Rules, 2017. c) The Company is not declared wilful defaulter by any bank or financial institution or other lender. d) The Company has not traded or invested in cryptocurrency or virtual currency during the financial year. e) The Company has not revalued its property, plant and equipment (including right-of-use assets) or intangible assets or both during the year. f) No proceedings have been initiated or are pending against the Company for holding any benami property under the Benami Transactions (Prohibition) Act, 1988 (45 of 1988) and rules made there under. g) No loans or advances in the nature of loans are granted to Promoters, Directors, Key Managerial Personnel and the related parties (as defined under the Companies Act, 2013) either severally or jointly with any other person. h) The Company does not have any charges or satisfaction of charges which is yet to be registered with Registrar of Companies beyond the statutory period. i) There were no loans, advances and investments made in intermediary company. Note 29.16 Relationship with struck off companies There were no transactions or balances with struck off companies. Note 29.17 Audit trail As per the requirements of Rule 3(1) of the Companies (Accounts) Rules 2014, the Company uses only such accounting software for maintaining its books of account that records the audit trail of all transactions, creates an edit log of all changes made in the books of account along with when such changes were made and by whom. This feature of recording audit trail has operated throughout the year and was not tampered with during the year.
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