Page 181 - Arvind 2024

Corporate Overview Statutory Reports Financial Statements
Notes to Standalone Financial Statements for the year ended 31st March, 2024 (Amount in Rs. Lac, unless stated otherwise)
Distribution Proposed
Proposed dividends on Equity shares
Proposed dividend for the year ended on 31 March 2024:Rs. 3.50 per share (31 March 2023: Rs. 3.30 per share) (refer note below)
1,495.30
Particulars
March 31, 2024
March 31, 2023
1,587.04
The Board of Directors recommended a final dividend of Rs.2.5/- (31 March 2023: Rs. 1.65/-) per equity share and special dividend of Rs.1/- (31 March 2023: Rs. 1.65/-) per equity share, totalling to a dividend of Rs.3.5/- (31 March 2023: Rs. 3.3/-) per equity share of face value of Rs.10 each , for the financial year ended March 31,2024.
Proposed dividends on equity shares are subject to approval at the annual general meeting and is not recognised as a liability as at 31 March, 2024.
14 Borrowings
Non-current borrowings
Secured
Vehicle loans from banks
Term loans
- From Banks
- From Financial institutions
Total
Less : Current maturities of long term borrowings disclosed under Current Borrowings
Total
Current borrowings
Secured
Current maturities of long term borrowings
Total
The above amounts includes : Secured Borrowings
Nature of Securities on above Loans:
7.25% - 9.5%
2024-2029
158.44
4,048.32 986.28 5,193.04 (215.85)
4,977.19 215.85
215.85
5,193.04
Particulars
Effective Rate of Interest
Maturity
March 31, 2024
March 31, 2023
240.93
-
5,950.01
6,190.94
(1,530.09)
4,660.85
1,530.09
1,530.09
6,190.94
9% - 10% 2025
10% - 11% 2027
1. Term loan taken and outstanding of Rs. NIL (March 31, 2023 : Rs. 4095.98 Lac) and overdraft facility from ICICI Bank Limited is secured by first mortgage of unsold units of project “Arvind Aavishkaar” and “Arvind Oasis” together with hypothecation of receivables from the same projects.
2. Term loan taken and outstanding of Rs. 6000 Lac (March 31, 2023 : Rs. 1000 Lac) is secured by way of mortgage of NA land at project Uplands township situated at Nasmed village, Gandhinagar owned by Ahmedabad East Infrastructure LLP (Subsidiary Company).
3. Vehicle loans amounting to Rs. 240.93 Lac (March 31, 2023 : Rs. 158.44 Lac) are secured by respective vehicles.
Annual Report 2023-24 | 179