General information about company

Name of The CompanyMaha Rashtra Apex Corporation Limited
BSE Scrip Code523384
Date of Start of Financial Year01-04-2023
Date of End of Financial Year31-03-2024
Reporting PeriodFirst half yearly
Date of Start of Reporting Period01-04-2023
Date of End of Reporting Period30-09-2023
Level of rounding to be used in disclosing related party transactionsLakhs
Whether the company has any related party?Yes
Whether the company has entered into any Related Party transaction during the selected half year for which it wants to submit disclosure?No

(I) We declare that the acceptance of fixed deposits by the bans/Non-Banking Finance Company are at the terms uniformly applicable/offered to all shareholders/publicNA
(II) We declare that the scheduled commercial bank, as per RBI circular RBI/DBR/2015-16/19 dated March 03, 2016, has allowed additional interest of one per cent per annum, over and above the rate of interest mentioned in the schedule of interest rates on savings or a term deposits of bank’s staff and their exclusive associations as well as on deposits of Chairman, Chairman & Managing Director, Executive Director or such other Executives appointed for a fixed tenure.NA
(III) Whether the company is a ‘high value debt listed entity’ according to regulation 15 (1A)?No
(a) If answer to above question is Yes, whether complying with proviso to regulation 23 (9), i.e., submitting RPT disclosures on the day of results publication?
(b) If answer to above question is No, please explain the reason for not complying.

Related party transactions

Additional disclosure of related party transactions - applicable only in case the related party transaction relates to loans, inter-corporate deposits, advances or investments made or given by the listed entity/subsidiary. These details need to be disclosed only once, during the reporting period when such transaction was undertaken.
Sr No.Details of the party (listed entity /subsidiary) entering into the transactionDetails of the counterpartyType of related party transactionDetails of other related party transactionValue of the related party transaction as approved by the audit committeeRemarks on approval by audit committeeValue of transaction during the reporting periodIn case monies are due to either party as a result of the transactionIn case any financial indebtedness is incurred to make or give loans, inter-corporate deposits, advances or investmentsDetails of the loans, inter-corporate deposits, advances or investmentsNotes
NamePANNamePANRelationship of the counterparty with the listed entity or its subsidiaryOpening balanceClosing balanceNature of indebtedness (loan/ issuance of debt/ any other etc.)Details of other indebtednessCostTenureNature (loan/ advance/ intercorporate deposit/ investment )Interest Rate (%)TenureSecured/ unsecuredPurpose for which the funds will be utilised by the ultimate recipient of funds (endusage)
1Maha Rashtra Apex Corporation LimitedAACCM2741BKUDI BHOJA SHETTYAPWPS5659EChairman-Non-Executive DirectorAny other transactionSitting Fees0NA0.0600Textual Information(1)
2Maha Rashtra Apex Corporation LimitedAACCM2741BASPI NARIMAN KATGARAABAPK3683JManaging DirectorRemuneration0NA5.3700Textual Information(2)
3Maha Rashtra Apex Corporation LimitedAACCM2741BJYOTHI VISHWESHWARAIAH BHADRAVATHIAZRPB8752AIndependent DirectorAny other transactionSitting Fees0NA0.0600Textual Information(3)
4Maha Rashtra Apex Corporation LimitedAACCM2741BYAZDIN JIMMY MISTRYAGAPM9097KNon-Executive DirectorAny other transactionSitting Fees0NA0.0600Textual Information(4)
5Maha Rashtra Apex Corporation LimitedAACCM2741BVIDYA MANANJAY MOREARBPM9247KIndependent DirectorAny other transactionSitting Fes & Professional Fee0NA1.2600Textual Information(5)
6Maha Rashtra Apex Corporation LimitedAACCM2741BMADHUSUDAN KUDLUGI RAGHAVENDRARAOABWPR3878CNon-Executive DirectorAny other transactionSitting Fees0NA0.0400Textual Information(6)
7Maha Rashtra Apex Corporation LimitedAACCM2741BJAMSHEED M PANDAYAACPP7417JCompany Secretary & CFORemuneration0NA0.0400Textual Information(7)
Total value of transaction during the reporting period6.89