Amal Ltd 2019-20

Amal Ltd | Annual Report 2019-2020 Note 26.3 Related party disclosures (continued) ( ` lakhs ) Note 26.3 (B) Transactions with related parties 2019-20 2018-19 b) Purchases and expenses 1 Purchase of goods - 9.51 Atul Ltd - 9.51 2 Service charges 67.13 43.26 Atul Ltd 67.13 43.26 3 Reimbursement of expenses 0.26 25.52 Atul Finserv Ltd 0.26 0.20 Atul Ltd - 24.03 Atul Infotech Pvt Ltd - 1.30 4 Lease rent expense 0.08 0.08 Atul Ltd 0.08 0.08 c) Other transactions 1 Repayment of loans 843.47 300.00 Atul Ltd 843.47 300.00 2 Redemption of preference shares 100.00 100.00 Atul Ltd 100.00 100.00 3 Reimbursements received 1.98 2.11 Atul Ltd 1.98 2.11 ( ` lakhs ) Note 26.3 (C) Key Management Personnel compensation 2019-20 2018-19 Remuneration 16.35 15.55 1 Short-term employee benefits 1 11.45 11.45 2 Commission and other benefits to Non-executive Directors 4.90 4.10 1 Compensation exclude provision for gratuity and compensated absences since these are based on actuarial valuation on an overall company basis. ( ` lakhs ) Note 26.3 (D) Transactions with entities over which Key Management Personnel or their close family members have significant influence 2019-20 2018-19 Other transactions Expenditure on Corporate Social Responsibility initiatives 24.08 18.32 Atul Foundation Trust 24.08 18.32 Notes to the Financial Statements