Material Creditors
 
 

OUTSTANDING DUES TO CREDITORS OF OUR COMPANY

As on March 31, 2018, our Company has 324 creditors to whom a total amount of Rs. 1,393.41 million is outstanding. Based on the Materiality Policy adopted by our Board, the threshold for material dues is 5% of total trade payables, as per last audited consolidated restated financial statements, i.e., as at March 31, 2018, i.e. 5% of Rs. 1,393.41 million which is Rs. 69.67million. Based on the same, there are no creditors to whom the total amount due from our Company is in excess of Rs. 69.67 million.

Further, based on available information regarding status of the creditor as defined under section 2 of the Micro, Small and Medium Enterprises Development Act, 2006, as of March 31, 2018, our Company does not owe any outstanding dues to small scale undertakings. With respect to other creditors, as of March 31, 2018, our Company owes outstanding dues of Rs. 1393.41 million to a total of 324 creditors.