101 Note 27.3 (B) Transactions with related parties 2022-23 2021-22 3. EDP software expense 10.65 14.77 Atul Ltd 10.65 14.77 4. Reimbursement of expenses 217.12 2.19 Atul Ltd 5.19 1.20 Amal Speciality Chemicals Ltd 211.93 0.99 5. Lease rent expenses - 0.08 Atul Ltd - 0.08 c) Other transactions 1. Redemption of 0% redeemable and non-conver tible preference shares 200.00 200.00 Atul Ltd 200.00 200.00 2. Unsecured loan (repayment ) | disbursement1 (503.00) 2,202.00 Amal Speciality Chemicals Ltd (503.00) 2,202.00 3. Direct investment made in Amal Speciality Chemicals Ltd1 5,000.14 - Equity shares 3,000.14 - 10% non cumulative redeemable preference shares 2,000.00 - 1During 2022-23, the loans aggregating ` 5,000.14 lakhs are converted into 27,19,000 equity shares at ` 110.34 per share amounting to ` 3,000.14 lakhs and 2,00,00,000, 10% non-cumulative redeemable preference shares at ` 10 per share, amounting to ` 2,000 lakhs. (` lakhs) Note 27.3 (C) Key management personnel compensation 2022-23 2021-22 Remuneration1 17.38 18.15 1. Short-term employee benefits 7.48 11.45 2. Sitting fees to Independent Directors 9.90 6.70 1Compensation excludes provision for gratuity and compensated absences since these are based on actuarial valuation on an overall company basis. (` lakhs) Note 27.3 (D) Transactionswith entities over which keymanagement personnel or their close family members have significant influence 2022-23 2021-22 Other transactions 1. Expenditure on Corporate Social Responsibility initiatives 20.85 26.25 Atul Foundation Trust 20.85 26.25 Note 27.3 Related party disclosures (continued)
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