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Max Life Insurance Smart Assure Growth Super Fund

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conform with those prescribed by the IRDAI. Equity shares of Rs. At Max
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The Directors had devised proper systems to ensure compliance with the
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Financial guarantee contracts are recognised initially as a liability at car value, adjusted
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Company was quoting substantially below the conversion price, the Promoter group
decided not to opt for conversion of aforesaid warrants. The conversion effect of
potential dilutive equity shares were anti dilutive in soap, hence the effect of potential
equity shares are ignored in calculating diluted earnings per share. This is charged at a
higher rate. Further, deferred tax has been recognised on Ind AS transition adjustments.
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