Archean Chemical – Specialty Chemical Leader

My understanding on 3 questions raised:-

1. The Company entered into Memorandum of Undertaking (MOU) dated August 10,2010, with Government of Gujarat (GOG) for the Land lease which expired on July 31, 2018 and the Company had made an application for renewal on December 28, 2017. As per the MOU with GOG, the lease term can be further extended for a duration and conditions as mutually agreed at that time. There is also a GOG circular no 1597/1372/ dated October 9, 2017 which states that such leases can be extended for a period of thirty years. The company has also been receiving demand note annually for the revised lease rents as per GoG circular and the company has been meeting this payment.
   Management made an assessment of the facts disclosed above and taking into consideration
   of similar experiences during renewal in group company, is confident of obtaining the renewal of land lease. The Useful life of PPE and ROU assets have been determined by the management considering that the lease would be extended. The entire production facility is located on this leased land.

2. The table is being published in quarterly PPT but if you can show me how you are getting this number.

3. This is being answered and we can see this in Annual Report as well. Around Rs.18.60 crore as commission to MD which is obviously odd but not hidden.