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SENSEX NIFTY India | Notes to Account > Finance - Investments > Notes to Account from Stampede Capital - BSE: 531723, NSE: STAMPEDE

Stampede Capital

BSE: 531723|NSE: STAMPEDE|ISIN: INE224E01028|SECTOR: Finance - Investments
Dec 05, 15:49
-0.01 (-2.33%)
VOLUME 179,802
Dec 05, 15:49
0.05 (12.5%)
VOLUME 215,174
Mar 15
Notes to Accounts Year End : Mar '16

Note 1 Employee Benefits


The following table sets set out the status of the gratuity plan as required under Accounting standard (AS) 15 “Employee Benefits” prescribed by Companies (Accounting Standards) Rules, 2006, (''the Rules''):

Discount rate: The discount rate is based on the gross redemption yield on medium to long term risk free investments.

Salary escalation: The estimates of future salary increases, considered in actuarial valuation, take account of inflation, seniority, promotion and other relevant factors such as supply and demand factors in the employment market.

Attrition rate: The attrition rate is the expected employee turnover for the future periods, adjusted to the current economic environment.

Note 2Tax Expense

Deferred tax is provided on timing differences at the balance sheet date between the tax bases of assets and liabilities and their carrying amounts for financial reporting purposes. The deferred tax assets / (liability), net as on 31 March, 2016 comprises of:

The company has operating lease for office premise, which is renewable on periodical basis and cancelable at its option. Lease expenses on such operating lease recognized in the Profit and Loss account on a straight line basis over the lease term.

Note 3 Amounts payable to Micro, Small and Medium enterprises

“Disclosure under Section 22 of the Micro, Small and Medium enterprises Development Act, 2006 (MSMED) Based on the information available with the Company, no creditors have been identified as “supplier” within the meaning of “Micro, Small and Medium Enterprises Development (MSMED) Act, 2006”.

Note 4 Related Party Disclosures

A. List of related parties

i) Wholly Owned Subsidiaries 1. Stampede Enterprises India Private Limited

2. Stampede Technologies Pte. Limited

3. Stampede Financials Pte. Limited

ii) Associate Companies 1. Proseed India Limited (formerly Green Fire Agri Commodities Limited)

2. Kling Holdings Limited (formerly Stampede Holdings Ltd.)

3. SpaceNet Enterprises India Limited (formerly Northgate Com Tech Limited)

4. Social Media India Limited

5.Blueshark Derivate Trading Private Limited

iii) Key Managerial Personnel 1. Mr. Venkat S. Meenavalli, Chairman

2. Mr. Dasi Emmanuel, Executive Director

iv) Persons having Substantial Interest in Voting Power Mrs. M. Usha Rani

B. Non Executive Directors and Independent Directors on the Board of the Company Name of the personnel Relationship

Mr. Venkat Srinivas Meenavalli Chairmam and Non-Executive Director

Mr. Emmanuel Dasi Executive Director

Mr. P. Parthasarathi Director Finance (CFO)

Mr. K. Avinash Independent Director (from 25.03.205)

Mrs.M.V. Laxmi Non Executive and Women Director (from 31.03.2016)

Mr. R. Vivek Kumar__Non Executive Independent Director_

The Company has instituted the following employee stock option plan for all eligible employees, in pursuance to the respective special resolution approved by the shareholders. All the plan options shall be administered by the compensation committee, which shall determine the employees eligible for receiving options, the number of options to be granted, the exercise price, the vesting period and the exercise period. The vesting period is determined for the options issued on the date of the grant.

The exercise price of the options granted under the ESOP Plan is defined as the closing market price of the underlying equity share, preceding the date of grant of options on the stock exchange having the highest trading volume of such shares.

In the case of termination of the employment, all non-vested options would stand cancelled. Options that have vested but have not been exercised can be exercised within the time prescribed under each option agreement approved by the compensation committee, which shall not be beyond the initial exercise period, failing which they would stand cancelled.

Note 5 There are no outstanding dues to Investor and Education Protection Fund as on 31 March 2016. Note 26 Foreign Currency Earnings and Outgo:

Note 6 Previous year figures

Previous year figures have been regrouped / reclassified wherever necessary to confirm to the current year classification.

Source : Dion Global Solutions Limited
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