Amal Ltd 2016-17

75 Notes to the Financial Statements (ii) Security: The secured loan from related party is secured by the whole immovable and movable properties including machinery, machinery spares, tools and accessories, inventory and other movables both present and future. (iii) Terms of repayment of term loans:- a. Secured loan from Atul Ltd does not carry any interest and shall be repaid in three installments, first installment will be of ` 200.00 lakhs in FY 2017-18, second installment will be of ` 300.00 lakhs in FY 2018-19 and third installment will be of ` 628.89 lakhs in FY 2019-20 as per the approved modified sanctioned scheme (MS - 13). b. Unsecured loan as on March 31, 2017 which does not carry any interest is repayable after March 31, 2020 upon terms and conditions which will be mutually decided between the Company and the lender Company (Atul Ltd). (iv) Terms | rights attached to Preference Shares The Company has only one class of 0% Redeemable Preference Shares having a par value of ` 10 per share. These shares are redeemable at par over a period of 7 years, starting ` 100 lakhs every year from financial year 2016-17 to 2019-20 and ` 200 lakhs every year from financial year 2020-21 to 2022-23. Further extension of 1 year was granted by Atul Ltd as per the request of the Company for installment due on March 31, 2017. (v) Preference Share Capital ( ` 000) As at March 31, 2017 As at March 31, 2016 As at April 01, 2015 (a) Preference Share Capital Authorised 1,00,00,000 (March 31, 2016: 1,00,00,000, April 01, 2015: 1,00,00,000)0% redeemable and non convertable Preference Shares of ` 10 each 1,00,000 1,00,000 1,00,000 Issued, Subscribed and fully paid up 1,00,00,000 (March 31, 2016: 1,00,00,000, April 01, 2015: 1,00,00,000) 0% redeemable and non convertable Preference Shares of ` 10 each 1,00,000 1,00,000 1,00,000 (b) Details of the Shareholders holding more than 5% shares in the Company Name of the Shareholder Nature of holding As at March 31, 2017 As at March 31, 2016 As at April 01, 2015 Holding % No of shares Holding % No of shares Holding % No of shares Atul Ltd Promoter 100% 1,00,00,000 100% 1,00,00,000 100% 1,00,00,000