Amal Ltd 2011-12

49 For and on behalf of the Board of Directors Naresh C Singhal T R Gopi Kannan Sunil S Lalbhai Chairman Sujal A Shah Abhay R Jadeja Directors Arvind Chhajer Company Secretary Vasudev Koppaka Managing Director Place: Mumbai Date: May 05, 2012 Notes to financial statements for the year ended March 31, 2012 ( ` in ‘000) Sr. No. Particulars Gratuity Leave Encashment 2011-12 2010-11 2011-12 2010-11 (viii) Expected Employer’s Contribution for the next year Nil Nil - - (ix) Disclosure as required under para 120(n): (i) Present value of Defined Benefit Obligation 217.45 326.27 90.88 125.75 (ii) Fair Value of Plan Assets 1,130.85 1,037.48 - - (iii) Surplus | (Deficit) in the Plan 913.54 711.21 (90.88) (125.75) (iv) Experience adjustments on Plan Liabilities (Gain) | Loss (9.87) - (22.04) - (v) Experience adjustments on Plan Assets Gain | (Loss) 10.37 - - - Note: Since the Company had adopted AS - 15 (Revised) - “Employee Benefit” for the first time during the financial year ended March 31, 2011, hence the disclosure for gratuity and leave encashment figures as required by Para 120(n) have not been presented for the financial year prior to 2009-10. 35. In the opinion of the management, the Company is being presently engaged in manufacturing of Speciality chemicals & others. The product included being related and not subject to different risks and returns, as per management’s contention, no separate reportable segment to be identified. And hence no separate segment information disclosure as per the requirement of AS 17 on Segment Reporting is applicable to the Company. 36. During the year, the Company has not entered into any transaction in nature of loans and advances which falls within the purview of Clause 32 of Listing Agreement.