dimensional securities pvt ltd Management discussions


RELIGARE AVIATION LIMITED ANNUAL REPORT 2009-2010 MANAGEMENT DISCUSSION AND ANALYSIS PERFORMANCE OF THE COMPANY: The period under review witnessed some improved performance of the Company compare to the previous year. Total income of the Company at Rs. 278.61 as against Rs. 210.2 Million in previous year recorded a growth of 32.5%. However, total expenditure of Rs. 974.32 Million as against expenditure of Rs. 809.93 Million in the previous year reflects an increase of over 20.30%. As the Company is expanding its activities, there has been a substantial increase in personnel expenses due to increase in staff cost and their salaries and allowances. Due to the expansion in business activities of the Company, there was a necessary requirement of more space to carry on the business operations which resulted in increased expenditure in relation to rent and ancillary charges. INCREASE IN AUTHORISED CAPITAL: In order to increase owners fund for fulfilling the requirement of finance and Civil Aviation Rules, Authorised capital of the Company has been increased from Rs. 60,00,00,000 (Rupees Sixty Crores only) to Rs.66,00,00,000 (Rupees Sixty Six Crores only) by addition of 60,00,000 equity shares of Rs. 10 each vide through the ordinary resolution passed in the Extra-ordinary Meeting held on 23rd March, 2010.