Page 129 - Index

02-40 CORPORATE OVERVIEW 41-59 STATUTORY REPORTS 60-147 FINANCIAL STATEMENTS Consolidated
Notes
to the Consolidated Financial Statements for the year ended 31 March 2022
NOTE 13/OTHER CURRENT ASSETS
(Unsecured considered good unless otherwise stated)
Particulars
Advances recoverable in kind or for value to be received
Balance with Customs Port Trust and other authorities Others*
Prepaid Expenses
Total
* Others include Entry tax deposit as per Orders of Appellate authority for stay, part of contingent liability Refer note no. 43
NOTE 14/ UNIT CAPITAL
Particulars
Unit Capital
Issued, subscribed and paid up 909,999,200 units ( Issue Price of ₹ 100 Each) Total
Further Notes:
Terms/rights attached to Units
₹ in million
As at 31 March 2022
0.16
33.70
33.86
127.08
160.94
₹ in million
As at 31 March 2022
90,999.92
90,999.92
The Trust has only one class of units. Each Unit represents an undivided beneficial interest in the Trust. Each holder of unit is entitled to one vote per unit. The Unitholders have the right to receive at least 90% of the Net Distributable Cash Flows of the Trust at least once in every six months in each financial year in accordance with the InvIT Regulations.
A Unitholder has no equitable or proprietary interest in the projects of PGInvIT and is not entitled to any share in the transfer of the projects (or any part thereof ) or any interest in the projects (or any part thereof ) of PGInvIT. A Unitholder’s right is limited to the right to require due administration of PGInvIT in accordance with the provisions of the Trust Deed and the Investment Management Agreement.
Reconciliation of the number of units outstanding and the amount of unit capital:
Particulars
At the beginning of the year Issued during the year*
At the end of the year
No. of Units
-
909,999,200
909,999,200
₹ in million
-
90,999.92
90,999.92
* During the year the Trust has issued 909,999,200 units at the rate of ₹ 100.00 per unit. Out of which, Fresh issue comprised of 499,348,300 no. of units and 410,650,900 no. of units alloted to the Sponsor. In compliance with InvIT Regulations, Sponsor retained 136,500,100 no. of units and made an Offer for Sale for 274,150,800 no. of units.
Details of Sponsor holding:
Particulars No. of Units % holding
Power Grid Corporation of India Limited (Sponsor) 136,500,100 15.00%
POWERGRID Infrastructure Investment Trust 127