Amal Ltd 2020-21

Amal Ltd | Annual Report 2020-21 Note 25.14 Creditors restatement as per BIFR scheme The old unsecured creditors of ` 24.87 lakhs as at March 31, 2019, stated at 30% of payable amount as per the Modified Sanction 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 Sanction Scheme MS-13 period is applicable till FY 2019-20. Increase in amount of creditors has been charged to Standalone Statement of Profit and Loss in 2019-20. (refer Note 24) Note 25.15 Uncertain tax position The Company has assessed no major uncertain tax position as per Ind AS 12, Uncertain Tax Position. Note 25.16 Rounding off All amounts are rounded off to the nearest thousand unless otherwise stated. Note 25.17 Authorisation for issue of the Standalone Financial Statements The Standalone Financial Statements were authorised for issue by the Board of Directors on April 22, 2021. In terms of our report attached For and on behalf of the Board of Directors For Deloitte Haskins & Sells LLP Chartered Accountants Sunil Lalbhai Chairman Samir R. Shah Yogesh Vyas Rajeev Kumar Partner Chief Financial Officer Managing Director Mumbai Ankit Mankodi Atul April 22, 2021 Company Secretary April 22, 2021