Amal Ltd | Annual Report 2021-22 5.5 Commodity price risk or foreign exchange risk and hedging activities The Company does not go for commodity price risk hedging activities as it does not expect significant advantage in medium to long-term horizon. However, for minimising procurement risk for short duration, it enters into annual purchase contracts for key raw materials linked to input costs | published benchmark prices. 5.4 Credit rating The Company has obtained credit rating from Care Ratings and is A- as on March 31, 2022. 6. Affirmation and disclosure There were no materially significant related party transactions, pecuniary transactions or relationships between the Company and its Directors or the Management and their subsidiary companies or relatives, amongst others, during 2021-22 that may have a potential conflict with the interests of the Company at large. All details relating to financial and commercial transactions where the Directors may have a pecuniary interest are provided to the Board. The interested Directors neither participate in the discussion nor vote on such matters. The Company compliedwith the statutory provisions, rules and regulations relating to the capital markets during the last three years and the stock exchanges or the Securities and Exchange Board of India or any statutory authority did not impose any penalty or stricture on the Company for the said period. 7 Shareholders’ information 7.1 General Body meetings 7.1.1 Location and time where the last three AGMs were held: Year Location Date Time 2018-19 The Synthetic and Art Silk Mills Research Association Sasmira, Sasmira Marg, Worli, Mumbai 400 030, Maharashtra, India July 19, 2019 11:30 am 2019-20 Through video conferencing August 14, 2020 10:00 am 2020-21 Through video conferencing September 24, 2021 10:00 am 7.1.2 Special resolutions passed in the previous three AGMs: yes 7.1.3 Resolutions passed through postal ballot: nil 7.2 Annual General Meeting 2021 Details of the 48th AGM is as under: Year Location Date Time 2021-22 Through video conferencing September 08, 2022 10:30 am As required under Regulation 36(3) of the Regulations, particulars of the Directors seeking reappointment | appointment are given in the Notice of the AGM.
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