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-0.1 (-1.06%)
0.55 (5.85%) | Notes to Accounts | Year End : Mar '12 |
Employee benefit plans (a) Defined contribution plans The Company makes Provident Fund and Pension Fund contributions to defined contribution plans for qualifying employees. Under the Schemes, the Company is required to contribute a specified percentage of the payroll costs to fund the benefits. The Company recognised Till .00 lakhs (Year ended 31 March, 2011 Rs. 78.11 lakhs) for Provident Fund and pension fund contributions in the Statement of Profit and Loss. The contributions payable to these plans by the Company are at rates specified in the rules of the schemes. (b) Defined benefit plans The Company offers the following employee benefit schemes to its employees: The Company has taken a Group Gratuity policy of LIC of India. i. Gratuity The following table sets out the funded status of the defined benefit schemes and the amount recognised in the financial statements: Previous year''s figures The Revised Schedule VI has become effective from 1 April, 2011 for the preparation of financial statements. This has significantly impacted the disclosure and presentation made in the financial statements. Previous year''s figures have been regrouped / reclassified wherever necessary to correspond with the current year''s classification / disclosure. |
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| Source : Dion Global Solutions Limited | |
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