Amal Ltd 2015-16

Amal Ltd | Annual Report 2015-16 Notes to the Financial Statements (c) Other Long term benefits Long term compensated absences (Unfunded scheme) Leave encashment is payable to eligible employees who have earned leaves, during the employment and | or on seperation as per the company’s policy Valuation in respect of leave encashment have been carried out by independent actuary, as at the Balance Sheet date, based on the following assumptions: ( ` 000) Particulars Compensated absences 2015-16 2014-15 Present value of unfunded obligations 152 218 Discount rate (per annum) 7.56% 7.80% Salary escalation rate (per annum) 7.00% 7.00% Note 34 The Company operates in a single segment that is manufacturing of Bulk Chemicals. Further, it’s operations are confined within India. Accordingly, there are no separate reportable segment as per Accounting Standard - 17 on ‘Segment Reporting‘ and no further disclosures are required. Note 35 During the year, the Company has not entered into any transaction in nature of loans and advances which falls within the purview of Regulation 34(3) & 53(f) of SEBI (LODR) Regulation, 2015. Note 36 Figures for previous year have been regrouped | reclassified | rearranged wherever necessary to make them comparable to those for the current year. As per our attached report of even date For Haribhakti & Co. LLP Chartered Accountants Firm Registration Number: 103523W B L Shah Partner Membership Number: 122071 Mumbai April 22, 2016 S R Kalra Chief Financial Officer A T Mankodi Company Secretary For and on behalf of the Board of Directors S Mahalakshmi (DIN: 06940781) T R Gopi Kannan (DIN: 00048645) S A Shah (DIN: 00058019) A R Jadeja (DIN: 03319142) Directors S S Lalbhai Chairman (DIN: 00045590) P N Ogale Managing Director (DIN: 07231355) Mumbai April 22, 2016