GSK_ Annual_Report_2021-22

169 Notes to the Standalone Financial Statements for the year ended March 31, 2022 Note 58 : Relationship with struck off companies Below struck off companies are equity shareholders of the Company as on the Balance Sheet date Name of Struck off Company Nature of transaction with struck off company Gatisheel Finance Private Limited Shares held by struck off company Manilal Patel Private Limited Shares held by struck off company Haresh Extrusion Company Private Limited Shares held by struck off company K.S. Morarka and Sons Pvt. Ltd. Shares held by struck off company Sitaram Projects Private Limited Shares held by struck off company Siddha Papers Private Limited Shares held by struck off company Name of Struck off Company Nature of transaction Transaction during the year March 31, 2022 Balance outstanding as at March 31, 2022 Relationship with the struck off company Lanxess India Private Limited Trade Advance - 1.19 Vendor Vincon Infra Organisers Pvt. Ltd. Capital Advance - 2,83.17 Vendor Name of Struck off Company Nature of transaction Transaction during the year March 31, 2021 Balance outstanding as at March 31, 2021 Relationship with the struck off company Lanxess India Private Limited Trade Advance - 1.19 Vendor Vincon Infra Organisers Pvt. Ltd. Capital Advance - 2,83.17 Vendor Note 59 : Additional information (i) The Company does not have any Benami property, where any proceeding has been initiated or pending against the Company for holding any Benami property. (ii) The Company has not traded or invested in Crypto currency or Virtual Currency during the financial year. (iii) The Company has not advanced or loaned or invested funds to any other person(s) or entity(ies), including foreign entities (Intermediaries) with the understanding that the Intermediary shall: (a) directly or indirectly lend or invest in other persons or entities identified in any manner whatsoever by or on behalf of the company (Ultimate Beneficiaries) or (b) provide any guarantee, security or the like to or on behalf of the Ultimate Beneficiaries. (iv) The Company has not received any fund from any person(s) or entity(ies), including foreign entities (Funding Party) with the understanding (whether recorded in writing or otherwise) that the Company shall: (a) directly or indirectly lend or invest in other persons or entities identified in any manner whatsoever by or on behalf of the Funding Party (Ultimate Beneficiaries) or (b) provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries. (v) The Company does not have any such transaction which is not recorded in the books of accounts that has been surrendered or disclosed as income during the year in the tax assessments under the Income Tax Act, 1961 (such as, search or survey or any other relevant provisions of the Income Tax Act, 1961). Note 60 : Event occurring after balance sheet date The Board of Directors has recommended a Dividend of ` 90 per equity share (including special dividend of ` 60 per equity share) of face value of ` 10 each for this year. (March 31, 2021: ` 30 per share) (Refer Note 51 (b)).