51 4 A statement that the valuation or other external report, if any, relied upon by the listed entity in relation to the proposed transaction will be made available through the registered email address of the shareholders The proposed transactions have been evaluated by an independent valuer in terms of pricing and arm’s length criteria and the report confirms that the proposed transactions are at arm’s-length and in ordinary course of business. 5 Percentageof theCompany’sannual consolidated turnover for the immediately preceding financial year 2023, that is represented by the value of the proposed related party transactions Transaction by: Amal Ltd with Atul Ltd: 37% Amal Speciality Chemicals Ltd with Atul Ltd: 8% 6 Justification for why the proposed transaction is in the interest of the listed entity The transactions will help the Company and ASCL achieve synergies and economies of scale and will be in the best interest of the members. Further, the above transactions will help bring efficiency in operational and logistics costs, strengthen sustainability and leverage knowledge pool across functions. 7 If the transactions relate to any loans, intercorporate deposits, advances or investments made or given by the listed entity or its subsidiary: Not applicable i) Details of the source of funds in connection with the proposed transaction; Not applicable (ii) Where any financial indebtedness is incurred to make or give loans, inter-corporate deposits, advances or investments, • nature of indebtedness; • cost of funds; and • tenure; Not applicable (iii) Applicable terms, including covenants, tenure, interest rate and repayment schedule, whether secured or unsecured; if secured, the nature of security; and Not applicable (iv) The purpose for which the funds will be utilised by the ultimate beneficiary of such funds pursuant to the RPT Not applicable 8 Approval of Audit Committee of the Company The proposed transactions with Related Party have been approved and recommended by the Audit Committee of the Company which comprises only of Independent Directors. 9 Any other information that may be relevant All relevant information forms part of the statement setting out material facts, pursuant to Section 102(1) of the Companies Act, 2013 forming part of this Notice.
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