Amal Ltd 2017-18

Amal Ltd | Annual Report 2017-2018 Note 8(a) Equity share capital (continued) iii) Details of the Shareholders holding more than 5% of equity shares: Name of the Shareholder Nature of holding As at March 31, 2018 As at March 31, 2017 Holding % Number of shares Holding % Number of shares Atul Finserv Ltd Promoter 48.48 45,68,824 30.87 21,68,824 Aagam Holdings Pvt Ltd Promoter 10.27 9,67,809 13.78 9,67,809 Atul Ltd (Holding Company) Promoter 4.38 4,12,453 5.87 4,12,453 ( ` 000) Note 8(b) Other equity As at March 31, 2018 As at March 31, 2017 a) Securities premium reserve 87,688 87,688 b) Retained earnings Balance as at the beginning of the year (3,57,755) (4,46,785) Add: Profit for the year 97,041 88,866 Add: Remeasurement gain | (loss) on defined benefit plans 45 164 Balance as at the end of the year (2,60,669) (3,57,755) c) Capital contribution from Atul Ltd Balance as at the beginning of the year {refer Note (iii) below} 1,64,657 1,64,657 d) Share application money pending allotment Balance as at the beginning of the year {refer Note (i) below} - 24,000 (8,323) (81,410) Notes: i) Advance towards Equity share capital amounting to ` NIL (March 31, 2017: ` 240 lakhs) refers to the amount received from the promoter Company towards share capital during the year 1996-97. During the year the Company has allotted 24 lakhs equity shares of ` 10 each at par on preferential allotment basis to the promoter - Atul Finserv Ltd against the share application money pending allotment pursuant to approved scheme by erstwhile BIFR | Insolvency and Bankruptcy Code, 2016. ii) Securities premium pertains to the premium on issue of shares. It is utilised in accordance with the provisions of the Companies Act, 2013. iii) As per Modified Sanctioned Scheme MS-10 and MS-13 approved by the BIFR, the Company had issued 0% redeemable preference shares of ` 1,000 lakhs to Atul Ltd (promoter) and received interest free secured loan of ` 1128.89 lakhs and interest free unsecured loan of ` 539.58 lakhs from Atul Ltd. These financial liabilities are measured at amortised cost and the Day 1 fair value difference is recognised as capital contribution from Atul Ltd. Notes to the Financial Statements