Financial Year: 2024
Rydak Syndicate Limited is a company registered with CIN: L65993WB1900PLC001417. Its registered office is located at 4, Dr. Rajendra Prasad Sarani (Clive Row), Kolkata - 700 001.
Notice of Board Meeting A notice dated May 20, 2024, was issued to The Calcutta Stock Exchange Ltd., regarding a Board Meeting to consider and approve the Audited Financial Statements for the quarter ended March 31, 2024. The meeting, as required under Regulation 29(1) read with Regulation 33 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015, is scheduled for May 27, 2024.
Independent Auditor's Report R Kothari & Co LLP, Chartered Accountants, issued an Independent Auditor's Report on the Standalone Financial Results of Rydak Syndicate Limited for the quarter and year ended March 31, 2024. The auditors expressed an opinion that the financial results are presented in accordance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, and give a true and fair view in conformity with Indian Accounting Standards ("Ind AS"). The audit was conducted in accordance with the Standards on Auditing ("SAs") specified under Section 143(10) of the Companies Act, 2013. The auditors confirmed their independence and compliance with the ICAI's Code of Ethics. The report includes emphasis of matter that the company is yet to receive balance confirmations in respect of certain parties but the opinion is not modified.
Management's and Auditor's Responsibilities The Board of Directors is responsible for preparing and approving the Financial Results, ensuring they provide a true and fair view, maintaining adequate accounting records, and implementing internal financial controls. The Board is also responsible for assessing the company's ability to continue as a going concern. The auditor's responsibility is to obtain reasonable assurance about whether the Financial Results are free from material misstatement and to issue an auditor's report.
Consolidated and Standalone Financial Results (Year Ended March 31, 2024) Rydak Syndicate Limited released both standalone and consolidated audited financial results for the fourth quarter and year ended March 31, 2024. The results were prepared in accordance with Indian Accounting Standards (IND AS). The figures for the three months ended March 31, 2024, and the corresponding period of the previous year are the balancing figures between the audited full financial year figures and the reviewed year-to-date figures up to the third quarter.
Key Financial Data (Consolidated - Rupees in Lacs):
Key Financial Data (Consolidated Cash Flow Statement- Rupees in Lacs):
Access essential information and documents to make informed investment decisions
Stay updated with upcoming events, conferences, and announcements
Access quarterly and half-yearly financial statements and reports
Download comprehensive annual reports and financial summaries
Access investor presentations, corporate briefings, and slideshows
Our blog provides insightful information about unlisted shares, offering a deeper understanding of how these assets work, their potential benefits, and the risks involved. Whether you're new to unlisted shares or looking to expand your knowledge, we cover topics such as investment strategies, valuation methods, market trends, and regulatory aspects. Stay updated with expert tips and guides to navigate the unlisted share market effectively.
Unlisted shares are stocks of companies that are not listed on any stock exchange, meaning they are not publicly traded. These shares are typically available for trade in the private market through brokers, and can offer unique investment opportunities.
You can buy unlisted shares through a broker or platform that specializes in unlisted share transactions. We provide a secure and easy way to purchase unlisted shares from top companies, ensuring a smooth transaction process.
The share prices of unlisted companies can fluctuate based on various factors like market demand, company performance, and private transactions. You can check the latest share prices for unlisted companies on our website for real-time updates.
Unlisted shares can offer higher growth potential, as they are typically not subject to the same market volatility as listed shares. However, they come with higher risk due to limited liquidity and availability of information. It's important to research thoroughly and consult experts before investing.
To sell unlisted shares, you can connect with a broker or platform that facilitates the sale of private stocks. We help investors buy and sell unlisted shares with ease, ensuring that your transaction is handled professionally and securely.
Yes, unlisted shares can eventually be listed on a stock exchange through an Initial Public Offering (IPO). This process allows the company to offer its shares publicly and be traded on major exchanges, potentially increasing liquidity and visibility.
Gains from unlisted shares are subject to capital gains tax in India. Short-term capital gains (if held for less than 24 months) are taxed at your applicable income tax rate, while long-term capital gains (if held for more than 24 months) are taxed at 20% with indexation benefits. Always consult a tax advisor for precise tax implications.
The value of unlisted shares is typically determined by private transactions, financial reports, and market demand. We provide the latest updates on share prices of unlisted companies, giving you the most accurate valuation available.
The minimum investment for unlisted shares can vary depending on the company and broker. Generally, the minimum investment is higher than for listed stocks, but we provide detailed information to help you make the best investment decisions.
Yes, unlisted shares may pay dividends if the company has declared them. However, since these companies may be in their growth stage, dividend payments are not always guaranteed. It's important to check the company's financial health before investing.
It's important to conduct thorough research on the company's financials, management, market potential, and overall business model. You can also seek professional advice from experts to help you choose unlisted shares with strong growth prospects.
Gains from unlisted shares are subject to capital gains tax in India. Short-term capital gains (if held for less than 24 months) are taxed at your applicable income tax rate, while long-term capital gains (if held for more than 24 months) are taxed at 20% with indexation benefits. Always consult a tax advisor for precise tax implications.
