Amal Ltd 2016-17

Amal Ltd | Annual Report 2016-17 5.5 Commodity price risk or foreign exchange risk and hedging activities The Company does not go for commodity price risk hedging activities as it does not expect significant advantage in medium to long-term horizon . 6. Affirmation and disclosure There were no materially significant Related Party Transactions, pecuniary transactions or relationships between the Company and its Directors or the Management and their subsidiary companies or relatives, among others, during 2016-17 that may have a potential conflict with the interests of the Company at large. All details relating to financial and commercial transactions where the Directors may have a pecuniary interest are provided to the Board and the interested Directors neither participate in the discussion nor vote on such matters. The Company complied with the statutory provisions, rules and regulations relating to the capital markets during the last three years and the Stock Exchanges or Securities and Exchange Board of India or any statutory authority did not impose any penalties or strictures on the Company for the said period. 7. Shareholders’ Information 7.1 General Body meetings 7.1.1 Location and time, where last three AGMs were held: Year Location Date Time 2013-14 Kilachand Conference Room 2 nd Floor, LNM-IMC Building, Churchgate Mumbai 400020, Maharashtra India August 01, 2014 03:00 pm 2014-15 Kilachand Conference Room 2 nd Floor, LNM-IMC Building, Churchgate Mumbai 400020, Maharashtra India September 25, 2015 03:00 pm 2015-16 Kilachand Conference Room 2 nd Floor, LNM-IMC Building, Churchgate Mumbai 400020, Maharashtra India September 23, 2016 03:00 pm 7.1.2 Special Resolution passed in the previous three AGMs are as follows: Year Special Resolution passed 2013-14 1) Approval under Section 180(1) (a) of the Companies Act, 2013 for creation of mortgages and | or charges on all or any of the immovable and | or movable properties. 2) Approval under Section 180 (1) (c) of the Companies Act, 2013 to borrow funds. 2014-15 None 2015-16 None 7.1.3 During 2016-17 no resolutions were passed through postal ballot.