KANORIA CHEMICALS - On the Growth Path

equity shares was skipped, after it was not declared for the previous year. The loss was set off with a transfer of Rs 2,240 lakh from general reserve, while with the surplus from this, together with Rs 330 lakh written back from investment allowance (Rs 84 lakh transferred in the previous year), a transfer of Rs 10 lakh from reserve for contingencies and Rs HI lakh brought in from the previous year, Rs 870 lakh (Rs 20 lakh) was appropriated to the debenture redemption reserve.