175 (` lakhs) Particulars As at March 31, 2023 As at March 31, 2022 Total debt 3,478.61 5,105.32 Total equity 6,837.85 3,534.54 Debt-equity ratio 0.51 1.44 Note 26.16 Going concern Amal Speciality Chemicals Ltd (subsidiary company) capitalised its plant on July 21, 2022, and production started from the same date. As at the Balance Sheet date, the working capital is negative by ` 394.67 lakhs. The Group has a positive net worth of ` 6,837.85 lakhs. The Group has positive budgeted cash flows from operations approved by the Board for the next twelve months. Based on all the conditions assessed above, the Management believes that this plan provides an opportunity for the Group to continue as a going concern. Note 26.17 Events occurring after Balance Sheet date Amal Speciality Chemicals Ltd (wholly-owned subsidiary company) received electricity duty exemption approval on April 11, 2023, which is effective from July 21, 2022. The impact of ` 40.05 lakhs for the year ended March 31, 2023 is provided in the Consolidated Statement of Profit and Loss. Note 26.18 Events after the reporting period There was no significant event after the end of the reporting period, which require any adjustment or disclosure in the Consolidated Financial Statements. Note 26.19 Rounding off All amounts are rounded off to the nearest thousand unless otherwise stated. Note 26.20 Authorisation for issue of the Financial Statements The Consolidated Financial Statements were authorised for issue by the Board of Directors on April 20, 2023. In terms of our report attached For and on behalf of the Board of Directors For Deloitte Haskins & Sells LLP Chartered Accountants Sunil Lalbhai Ketan Vora Yogesh Vyas Chairman Partner Chief Financial Officer (DIN: 00045590) Rajeev Kumar Mumbai Ankit Mankodi Managing Director April 20, 2023 Company Secretary (DIN: 07731459)
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