Amal Ltd 2019-20

105 Note 26.13 Expenditure on Corporate Social Responsibility initiatives a) Gross amount required to be spent by the Company during the year is ` 24.08 lakhs (March 31, 2019 ` 18.32 lakhs) b) Amount spent during the year on: ( ` lakhs ) Particulars Paid Payable Total i) Construction | acquisition of any asset - - - ii) On purposes other than (i) above 24.08 - 24.08 Note 26.14 Creditors restatement as per BIFR scheme The old unsecured creditors ` 24.87 lakhs as at March 31, 2019 stated at 30% of payable amount as per the Modified Scheme MS 13 sanctioned by the Board of Industrial and Financial Reconstruction (BIFR) on July 01, 2013, are reinstated to ` 82.91 lakhs at 100%, as Modified Scheme MS 13 period is applicable till FY 2019-20. Increase in amount of creditors has been charged to Statement of Profit and Loss. (refer Note 25) Note 26.15 Uncertain tax position The Company has assessed no major uncertain tax position as per Ind AS 12. , ‘Income Taxes’. Note 26.16 Regrouping | Reclassification Figures for previous year have been regrouped | reclassified | rearranged wherever necessary to make them comparable to those for the current year. Note 26.17 Rounding off All amounts are rounded off to the nearest thousand unless otherwise stated. Note 26.18 Authorisation for issue of the Financial Statements The Financial Statements were authorised for issue by the Board of Directors on April 23, 2020. Notes to the Financial Statements In terms of our report attached For and on behalf of the Board of Directors For Deloitte Haskins & Sells LLP Chartered Accountants S S Lalbhai Chairman Samir R. Shah Y S Vyas R Kumar Partner Chief Financial Officer Managing Director Mumbai A T Mankodi Atul April 23, 2020 Company Secretary April 23, 2020