Amal Ltd 2017-18

Amal Ltd | Annual Report 2017-2018 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. However, for minimising procurement risk for short duration, it enters into annual purchase contracts for key rawmaterials linked to input costs | published benchmark prices. 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 2017-18 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 3 years and the Stock Exchanges or the 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 3 AGMs were held: Year Location Date Time 2014-15 Kilachand Conference Room 2 nd Floor, LNM-IMC Building, Churchgate, Mumbai 400 020, Maharashtra, India September 25, 2015 10:30 am 2015-16 Kilachand Conference Room 2 nd Floor, LNM-IMC Building, Churchgate, Mumbai 400 020, Maharashtra, India September 23, 2016 3:00 pm 2016-17 Kilachand Conference Room 2 nd Floor, LNM-IMC Building, Churchgate, Mumbai 400 020, Maharashtra, India June 30, 2017 11:00 am 7.1.2 No Special Resolutions were passed in the previous 3 AGMs. 7.1.3 Resolutions through postal ballot were not passed. 7.2 Annual General Meeting 2018 Details of the 44 th AGM is as under: Year Location Date Time 2017-18 The Synthetic and Art Silk Mills Research Association Sasmira, Sasmira Marg, Worli, Mumbai 400 030, Maharashtra, India September 21, 2018 10:30 am As required under Regulation 36(3) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, particulars of the Directors seeking reappointment | appointment are given in the Notice of the AGM.