Amal Ltd 2020-21

Amal Ltd | Annual Report 2020-21 c) Other reserve As per Modified Sanction Scheme MS-10 and MS-13 approved by the Board of Industrial Finance and Reconstruction, the Company had issued 0% redeemable and non-convertible preference shares of ` 1,000 lakhs to Atul Ltd (promoter) and received interest free secured loan of ` 1,128.89 lakhs and interest free unsecured loan of ` 539.58 lakhs from Atul Ltd. These financial liabilities are measured at amortised cost and the initial fair value difference is recognised as capital contribution from Atul Ltd. ( ` lakhs ) Note 11 Borrowings at amortised cost As at March 31, 2021 As at March 31, 2020 Current 1 Non-current Current 1 Non-current a) 40,00,000 (March 31, 2020: 60,00,000) 0% redeemable and non-convertible preference shares of ` 10 each {refer Note (iii), (iv) and (v) below and also refer Note 25.3} 148.55 172.37 128.02 320.92 148.55 172.37 128.02 320.92 1 Current maturities of long-term debt grouped under other financial liabilities {refer Note 12(e)} Notes: i) Terms | rights attached to preference shares The Group has only one class of 0% redeemable and non-convertible 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 the financial year 2020-21 to 2022-23. ii) Preference share capital ( ` lakhs ) (a) Details of preference share capital: As at March 31, 2021 As at March 31, 2020 Authorised 1,00,00,000 (March 31, 2020: 1,00,00,000) 0% redeemable and non-convertible preference shares of ` 10 each 1,000 1,000 Issued, subscribed and fully paid-up 40,00,000 (March 31, 2020: 60,00,000) 0% redeemable and non-convertible preference shares of ` 10 each 400 600