Amal Ltd 2018-19

Amal Ltd | Annual Report 2018-2019 Explanatory statement The following Explanatory statement, as required by Section 102 of the Companies Act, 2013, sets out material facts including the nature and concern or interest of the Directors in relation to the items of special business under Item number 03 mentioned in the accompanying Notice: Item number 03 The Members in its meeting held on August 01, 2014 had approved borrowing money by the Company up to a limit of ` 25 cr over and above paid-up share capital and free reserves of the Company. Taking into account the future finance requirements for growth plans and expansion programs being contemplated and undertaken by the Company and to cater to the working capital needs, a fresh resolution is proposed in line with the requirements of Section 180(1)(c) of the Companies Act, 2013. Accordingly the proposal for borrowing moneys up to a limit of ` 100 cr over and above the paid-up share capital, free reserves and securities premium of the Company is being placed for approval by way of special resolution by the Members. The Board recommends the above special resolution for the approval of the Members. None of the Directors or Key Managerial Personnel of the Company and their relatives are concerned or interested, financially or otherwise, in the said resolution. Registered office: By order of the Board of Directors Atul House 310 B, Veer Savarkar Marg (R Kumar) Mumbai 400 028, Maharashtra Managing Director India CIN: L24100MH1974PLC017594 April 18, 2019 CIN: Company Identification Number CPN: Certificate of Practice Number DIN: Director Identification Number FRN: Firm Registration Number