Amal Ltd | Annual Report 2022-23 Note 26.13 Interest in other entities a) Subsidiary company The Group has incorporated awholly-owned subsidiary during the financial year 2020-21. Unless otherwise stated, it has share capital consisting solely of equity shares that are held directly by the Group and the proportion of ownership interests held equals the voting rights held by the Group. Name of entity Pricipal activities Place of business | Country of incorporation Ownership interest held by the Group As at March 31, 2023 As at March 31, 2022 % % Amal Speciality Chemicals Ltd Manufacturing of bulk chemicals India 100% 100% Note 26.14 Disclosure of additional information pertaining to the Parent and subsidiary company as per Schedule III of the Companies Act, 2013 No. Name of the entity Net assets Share in profit or loss Share in other comprehensive income Share in total comprehensive income As % of consolidated net assets Amount (` lakhs) As % of consolidated profit and (loss) Amount (` lakhs) As % of consolidated other comprehensive income Amount (` lakhs) As % of consolidated total comprehensive income Amount (` lakhs) Parent company 1. Amal Ltd 74% 8690.72 (9%) 136.55 100% 2.89 (5%) 75.80 Subsidiary company 1. Amal Speciality Chemicals Ltd 26% 2976.64 109% (1,654.81) 0% - 105% (1,654.81) Total 100% 11667.36 100% (1,518.26) 100% 2.89 100% (1,579.01) Adjustment arising out of consolidation (4,829.51) (92.24) - (28.60) Grand Total 6837.85 (1,610.50) 2.89 (1,607.61) Note 26.15 Capital management The primary objective of the capital management of the Group is to maximise shareholder value. The Group monitors capital using debt-equity ratio, which is total debt divided by total equity. For the purposes of capital management, the Group considers the following components of its Consolidated Balance Sheet to manage capital. Total equity includes retained earnings, share capital, security premium, other comprehensive income | (loss), capital contribution and equity capital pending allotment of shares. Total debt includes current debt plus non-current debt.
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