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1. Dilip Davda   I Like It. |Report Abuse|  Link|Aug 9, 2017 8:31:04 PMReply
I had sent some querry to Lexus Management for which I got the following reply. I am giving it below for the benefit of our patrons

Respected Sir

I request your clarification on the following points

1. While going through your prospectus, I noticed other income of Rs. 3.57 crore for FY 17, what is it about?
Security deposit forfeited of a party for non performance of contract. However while calculating EPS, this income has not been considered

2. Your RHP is filed on 01.08.17 but there is no mention about the flood in Morbi area and its impact on the company.
The flood did not had a heavy impact on our operations. And in external risk factors we have mentioned about how natural disasters may impact our operations

3. Will your domestic and export market ratio will remain same going forward?
The ratio shall be same.

4. What will be the impact of GST?
Impact of GST is miniscule as before Excise & VAT was 27.5% cumulatively and now it is 28%. Infact GST impact is positive because now construction material is also eligible for Input tax credit.

With Regards,

Dilip Fultariya
Lexus Granito (India) Ltd.
1.1. JKG   I Like It. |Report Abuse|  Link|Aug 9, 2017 10:05:06 PM
Sir it''s humble request Please ask same kind of questions to Shanti Overseas Promoters