Amal Ltd 2018-19

83 d) Key Management Personnel compensation i) Remuneration 2018-19 2017-18 Short-term employee benefits 1,145 1,147 Commission and other benefits to Non-executive Directors 410 461 Note 25 Earnings per share Earnings per share (EPS) - The numerators and denominators used to calculate basic and diluted earnings per share: Particulars 2018-19 2017-18 Profit after tax ` 000 77,503 97,041 Weighted average number of equity shares outstanding for basic EPS {refer Note 25(a) below} Number 94,25,000 81,42,808 Basic EPS ` 8.22 11.92 Weighted average number of equity shares outstanding for diluted EPS {refer Note 25(a) below} Number 94,25,000 94,25,000 Diluted EPS ` 8.22 10.30 Nominal value of equity share ` 10.00 10.00 a) Calculation for weighted average number of shares is given below: Particulars 2018-19 2017-18 Weighted average number of equity shares outstanding at the beginning of the year Number 94,25,000 70,25,000 Add: Conversion effect of equity shares issued during the year Number - 11,17,808 Weighted average number of equity shares outstanding for basic EPS Number 94,25,000 81,42,808 Add: Potential equity shares due to share application money pending allotment Number - 12,82,192 Weighted average number of equity shares outstanding for diluted EPS Number 94,25,000 94,25,000 Note 26 Lease The Company has taken land on cancellable lease at Atul from Atul Ltd for 99 years from February 03, 1996 on annual lease rent of ` 8,000. Note 27 Going Concern The Company was declared sick by the BIFR on July 20, 2006 and the BIFR, vide its order dated July 16, 2009, sanctioned the revival scheme for the Company which was further modified in June 2010. Relevant adjustments as required by the scheme including recasting of creditors had been carried out in the books of account. Subsequently, the Appellate Authority for Industrial and Financial Reconstruction (AAIFR) vide its order dated March 22, 2011 allowed the appeal filed by one of the unsecured creditors and remanded the case back to the BIFR for considering revival scheme through Operating Agency (OA). IDBI Bank Ltd (IDBI), appointed as OA by BIFR, reviewed the Draft Rehabilitation Scheme (DRS) prepared by the Company and submitted it to BIFR on February 16, 2012. The Company revised the DRS with cut-off date as March 31, 2013 and the same was approved by BIFR in its meeting held on July 01, 2013 as modified sanctioned scheme MS-13. The salient features of MS-13 include implementation of project, settlement of unsecured creditors at 30% of principal dues (as approved under earlier scheme) and issue of shares to promoter Company towards Notes to the Financial Statements