Amal Ltd 2018-19

73 Note 8(a) Equity share capital (continued) iii) Details of the shareholders holding more than 5% of equity shares: Name of the shareholder Nature As at March 31, 2019 As at March 31, 2018 Holding% Number of shares Holding% Number of shares Atul Finserv Ltd Promoter 48.48% 45,68,824 48.48% 45,68,824 Aagam Holdings Pvt Ltd Promoter 10.27% 9,67,809 10.27% 9,67,809 Atul Ltd (Holding Company) Promoter 4.38% 4,12,453 4.38% 4,12,453 ( ` 000) Note 8(b) Other equity As at March 31, 2019 As at March 31, 2018 a) Securities premium reserve 87,688 87,688 b) Retained earnings Balance as at the beginning of the year (2,60,669) (3,57,755) Add: Profit for the year 77,505 97,041 Add: Remeasurement gain | (loss) on defined benefit plans (net of taxes) (77) 45 Balance as at the end of the year (1,83,241) (2,60,669) c) Capital contribution from Atul Ltd {refer Note (ii) below} 1,64,657 1,64,657 69,104 (8,323) Notes: i) Securities premium is used to record the premium on issue of shares. The reserve is utilised in accordance with the provisions of the Companies Act, 2013. ii) As per Modified sanctioned Scheme MS-10 and MS-13 approved by the Board of Industrial Finance and Reconstruction, the Company had issued 0% Redeemable Preference shares of ` 1,000 lakhs to Atul Ltd (Promoter) and received interest free secured loan of ` 1,128.89 lakhs and interest free unsecured loan of ` 539.58 lakhs from Atul Ltd. These financial liabilities are measured at amortised cost and the initial fair value difference is recognised as Capital contribution from Atul Ltd. ( ` 000) Note 9 Borrowings As at March 31, 2019 As at March 31, 2018 Non-current Current 1 Non-current Current 1 0% Secured Loans from a related party {refer Note (i), (ii), (iii) and (vi) below and also refer Note 24} - 53,039 44,752 25,313 0% Unsecured Loans from a related party {refer Note (iii) and (vi) below and also refer Note 24} - 17,917 14,967 - 70,00,000 (March 31, 2018: 80,00,000) 0% redeemable and non-convertible preference shares of ` 10 each {refer Note (iv), (v) and (vi) below and also refer Note 24} 44,894 2,396 40,756 8,618 44,894 73,352 1,00,475 33,931 1 Current maturities of long term debt grouped under other financial liabilities {refer Note 11(b)} Notes to the Financial Statements