RHI MAGNESITA INDIA LIMITED CC-Sep23.pdf · 2023-11-09
Thank you for the opportunity and congratulations on a great set of numbers and also the very detailed presentation put up by the team. You know, this question is mainly for the CFO, whereas ma'am we understand that goodwill on your books and the intangible assets on your books pertain to the cash generating unit and hence it is tested, that is fairly well understood ma'am. No questions on that. But what stops the company from going to NCLT and putting up a scheme of arrangement where the goodwill and the intangibles can be adjusted against the other equity, so that makes our company's balance sheet and the ratios much more appealing and better. We understand perfectly well that, what you stated and that the auditors attest goodwill for the CGUs but nothing stops us from actually putting up a scheme of arrangement before the NCLT, where we can adjust these non-cash items on the balance sheet against the reserves. It would be helpful to understand your perspective?
Thank you.