Amal Ltd 2017-18

Amal Ltd | Annual Report 2017-2018 Note 9 Borrowings (continued) (b) Details of the Shareholders holding more than 5% shares in the Company Name of the Shareholder Nature of holding Preference shares As at March 31, 2018 As at March 31, 2017 Holding % Number of shares Holding % Number of shares Atul Ltd Promoter 100 80,00,000 100 1,00,00,000 Note: i) During the year, the Company has redeemed 20,00,000 (0%) redeemable and non-convertible preference shares of ` 10 each as per the approved modified sanctioned scheme MS - 13. vi) Effective Interest Rate Particulars Rate a) Preference shares 14.87% b) Unsecured loans 17.99% c) Secured loans 16.99% Maturity profile of long term borrowings ( ` 000) Particulars 2018-19 2019-20 2020-21 2021-22 2022-23 Unsecured loans - 14,967 - - - Secured loans 25,313 44,752 - - - 0% redeemable and non convertible preference shares 8,618 7,425 12,797 11,029 9,505 33,931 67,144 12,797 11,029 9,505 vii) Net debt reconciliation ( ` 000) Particulars Liabilities from financing activities Non-current borrowings Current borrowings 1 Total Net debt as at March 31, 2017 1,15,556 34,111 1,49,667 Repayments (6,069) (33,931) (40,000) Interest expense 24,919 (180) 24,739 Transfer from non-current to current borrowings (33,931) 33,931 - Net debt as at March 31, 2018 1,00,475 33,931 1,34,406 1 Current maturities of long-term debt disclosed under other financial liabilities {refer Note 11(b)}. ( ` 000) Note 10 Provisions As at March 31, 2018 As at March 31, 2017 Non-current Current Non-current Current Provision for compensated absences (unfunded) 136 24 167 16 Notes to the Financial Statements