They have purchased it for Rs.10 lacs. In Schedule 14 of Consolidated, they have shown Investment in Waldent at Rs.10 lacs to calculate the Goodwill amount. The acquisition amount is also mentioned in clause (iii) of Annexure A of the Audit Report of Standalone Financials. In Standalone Balance Sheet, it is given as Non Current Investment but Schedule 14 is missing which should have ideally mentioned the details. It is also mentioned in Standalone Cash Flow Statement Part B as “Investment in Equity Share (Related Party)” but the name Waldent is not mentioned.
Subscribe To Our Free Newsletter |