Amal Ltd 2018-19

81 ( ` 000) Note 23 Contingent liabilities and commitments As at March 31, 2019 As at March 31, 2018 a) Claims against the Company not acknowledged as debts in respect of: i) Sales tax 6,669 6,669 b) Estimated amount of contracts remaining to be executed and not provided for (net of advances): For purchase of property, plant and equipment - 524 Note 24 Related party disclosures a) Name of the related party and nature of relationship Name of the related party Description of relationship i) Atul Finserv Ltd Investing Company ii) Atul Ltd Holding Company iii) Key Management Personnel S S Lalbhai Chairman R Kumar Managing Director T R Gopi Kannan Director S A Shah Independent Director A R Jadeja Independent Director S Mahalakshmi Independent Director Y S Vyas Chief Financial Officer A T Mankodi Company Secretary ( ` 000) b) Transactions with related parties 2018-19 2017-18 i) Sales and income 1. Sale of goods Atul Ltd 2,92,782 2,59,113 ii) Purchases and expenses 1. Purchase of raw materials Atul Ltd 951 - 2. Service charges paid Atul Ltd 4,326 4,024 3. Reimbursements of expenses recovered | paid Reimbursements paid: Atul Finserv Ltd 20 8 Atul Ltd 2,403 - Atul Infotech 130 - 4. Lease rent paid Atul Ltd 8 8 5. Reimbursement recovered Atul Ltd 211 130 iii) Other transactions 1. Repayment of loan Atul Ltd 30,000 20,000 2. Redemption of preference shares Atul Ltd 10,000 20,000 Notes to the Financial Statements