Amal Ltd 2020-21

Amal Ltd | Annual Report 2020-21 ( ` lakhs ) Note 12 Other financial liabilities As at March 31, 2021 As at March 31, 2020 Current Non-current Current Non-current a) Employee benefits payable 17.97 - 13.46 - b) Security deposits 19.51 - 13.82 - c) Creditors for capital goods 339.92 - - - d) Lease Liability 1 - 0.87 - 0.87 e) Current maturities of long-term borrowings i) 40,00,000 (March 31, 2020: 60,00,000) 0% redeemable and non-convertible preference shares of ` 10 each 148.55 172.37 128.02 320.92 ii) Secured loan from Axis Bank 2, 3 - 244.13 - - 525.95 417.37 155.30 321.79 1 Refer Note 25.10 for disclosures of lease liability 2 Security a) The secured loan from Axis Bank is secured by the whole immovable and movable properties including machinery, machinery spares, tools and accessories, inventory and other movable assets both present and future of Amal Speciality Chemicals Ltd (subsidiary company). b) Corporate guarantee given by Amal Ltd (holding company). 3 Rate of interest 8.25% (all in cost ) and secured loan is repayable in 20 equal quarterly instalments of ` 250 lakhs each starting from December 2022. ( ` lakhs ) Note 13 Provisions As at March 31, 2021 As at March 31, 2020 Current Non-current Current Non-current a) Provision for compensated absences 0.75 5.51 1.01 2.90 0.75 5.51 1.01 2.90 The compensated absences cover the liability for earned leave. Out of the total amount disclosed above, the amount of ` 0.75 lakhs (March 31, 2020: ` 1.01 lakhs) is presented as current, since the Group does not have an unconditional right to defer settlement for any of these obligations. However, based on past experience, the Group does not expect all employees to take the full amount of accrued leave or require payment within the next 12 months. ( ` lakhs ) Note 14 Trade payables As at March 31, 2021 As at March 31, 2020 a) Total outstanding dues of micro-enterprises and small enterprises 26.71 0.14 b) Total outstanding dues of creditors other than micro-enterprises and small enterprises i) Related party (refer Note 25.3) 40.65 38.17 ii) Others 247.44 200.49 288.09 238.66 314.80 238.80