ABC Ltd. (a non-listed company) has the following Capital Structure as on 31.03.2024: Particulars (₹) (1) Equity Share Capital (Shares of 10 each…

ABC Ltd. (a non-listed company) has the following Capital Structure as on 31.03.2024: Particulars (₹) (1) Equity Share Capital (Shares of 10 each fully paid) 24,00,000 (2) Reserves and Surplus General Reserve 20,50,000 Securities Premium Account 7,50,000 Profit & Loss Account 2,00,000 Infrastructure Development Reserve 20,00,000 Revaluation reserve 1,70,000 51,70,000 (3) Loan Funds 52,00,000 The Shareholders of ABC Ltd., on the recommendation of their Board of Directors, have approved on 12.09.2024 a proposal to buy-back the maximum permissible number of Equity shares considering the large surplus funds available at the disposal of the company. The in order to induce the existing shareholders to offer their shares for buy-back, it was decided to offer a price of buy back price per share is 25. You are also informed that the Infrastructure Development Reserve is created to satisfy Income-tax Act requirements. Assuming that the entire buy-back is completed by 09.12.2024, Based on the above information, answer the following questions.