Ethical Compliance

ARVIND SMARTSPACES

ARVIND SMARTSPACES

Revenue

2.4%

Debt

5.1%

Liquidity

3%

Revenue

Debt

Liquidity

2.4%

Non Compliant
Questionable
Compliant

Compliant

INR Crores

  Commercial and Residential Units
₹330.24

  Plot cancellation and transfer fees
₹0.64

  Project consultancy income
₹8.73

  Maintenance Income
₹0.62

  Others
₹0.95

  Other Income
₹1.44

Questionable

INR Crores

  Net Gain on Sale of Investments
₹7.91

Non Compliant

INR Crores

  Interest income
₹0.35

INR Crores

Revenue from Questionable Sources:₹7.91
Revenue from Non Compliant Sources:₹0.35
Total:₹8.26
Total Revenue:₹350.88

Formula

Revenue from Questionable & Non Compliant Sources

Total Revenue

≤ 0.03 or 3%

Calculation

₹8.26

₹350.88

= 2.4%

compliant

Rationale

The sum of revenue from questionable and non-compliant sources should not exceed 3% of the total revenue. This ensures that the company has tolerable reliance on unethical sources of revenue.