Amal Ltd | Annual Report 2022-23 c) Market risk i) Cash flow and fair value interest rate risk Maturity analysis of financial liabilities of the Group is based on contractually agreed undiscounted cash flows as at the Balance Sheet date. Borrowings of the Company from the Atul Ltd (holding company) have a fixed rate that is 0% and are carried at amortised cost. They are therefore not subject to interest rate risk as defined in Ind AS 107, since neither the carrying amount nor the future cash flows will fluctuate because of a change in market interest rates. Borrowings of the Company are from Axis Bank Ltd and is mainly exposed to interest rate risk due to its variable interest rate borrowings. The interest rate risk arises due to uncertainties about the future market interest rate of these borrowings. As an estimation of the approximate impact of the interest rate risk, with respect to financial instruments, the Group has calculated the impact of a 25 bps change in interest rates. A 25 bps increase in interest rates might have led to approximately an additional impact of ` 8.70 lakhs (2021-22: ` 12.83 lakhs). A 25 bps decrease in interest rates might have led to an equal but opposite effect. Note 26.8 Segment information The Group operates in a single business segment that is manufacturing of bulk chemicals. Further, its operations are confined within India and the major customers of the Group is Atul Ltd. Accordingly, there are no separate reportable segments as per Ind AS - 108 on ‘Operating Segment’ and no further disclosures are required. Note 26.9 Earnings per share Earnings per share (EPS) - The numerators and denominators used to calculate basic and diluted EPS: Particulars 2022-23 2021-22 Profit |(loss) for the year attributable to the equity shareholders ` lakhs (1,610.50) 110.94 Right issue expenses debited to securities premium ` lakhs (83.12) - Adjusted profit for the year for EPS calculation ` lakhs (1,693.62) 110.94 Weighted average number of equity shares used in calculating basic | diluted EPS Number 99,34,156 98,72,762 Nominal value of equity share ` 10 10 Basic EPS ` (17.05) 1.12 Diluted EPS ` (17.05) 1.12 The Basic and Diluted EPS for the year ended March 31, 2022 has been adjusted in accordance with Ind AS 33, pursuant to the rights issue of equity shares during the current year.
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