Amal Ltd 2019-20

83 Note 11 Borrowings (continued) iv) Terms | rights attached to preference shares The Company has only one class of 0% redeemable preference shares having a par value of ` 10 per share. These shares are redeemable at par over a period of 7 years, starting ` 100 lakhs every year from financial year 2016-17 to 2019-20 and ` 200 lakhs every year from financial year 2020-21 to 2022-23. v) Preference share capital ( ` lakhs ) Details of preference share capital As at March 31, 2020 As at March 31, 2019 Authorised 1,00,00,000 (March 31, 2019: 1,00,00,000) 0% redeemable and non-convertible preference shares of ` 10 each 1,000 1,000 Issued, subscribed and fully paid-up 60,00,000 (March 31, 2019: 70,00,000) 0% redeemable and non-convertible preference shares of ` 10 each 600 700 vi) Details of the shareholders holding more than 5% shares in the preference share capital of the Company Name of the shareholder Nature of holding As at March 31, 2020 As at March 31, 2019 Holding % Number of shares Holding % Number of shares Atul Ltd Holding company 100 60,00,000 100 70,00,000 During the year, the Company has redeemed 10,00,000 0% redeemable and non-convertible preference shares of ` 10 each as per the schedule of repayment. vii) Effective interest rate and maturity profile of borrowings a) Effective interest rate Particulars Rate a) Preference shares 14.87% b) Secured loan 16.99% c) Unsecured loan 17.99% b) Maturity profile ( ` lakhs ) Particulars 2020-21 2021-22 2022-23 0% Redeemable and non-convertible preference shares 128.02 148.55 172.37 Notes to the Financial Statements