Amal Ltd | Annual Report 2022-23 free unsecured loan of ` 539.58 lakhs from Atul Ltd. These financial liabilities are measured at amortised cost and the initial fair value difference is recognised as capital contribution from Atul Ltd. (` lakhs) Note 12 Provisions As at March 31, 2023 As at March 31, 2022 Current Non-current Current Non-current a) Provision for compensated absences 1.39 10.85 1.59 8.88 b) Others 386.75 - - - 388.14 10.85 1.59 8.88 Information about individual provisions and significant estimates a) Compensated absences The compensated absences cover the liability for earned leave. Out of the total amount disclosed above, the amount of ` 1.39 lakhs (March 31, 2022: ` 1.59 lakhs) is presented as current, since the Company does not have an unconditional right to defer settlement for any of these obligations. However, based on past experience, the Company does not expect all employees to take the full amount of accrued leave or require payment within the next 12 months. b) Others Regulatory and other claims The Company has provided for certain regulatory and other charges for which it has received claims. The provision represents the unpaid amount that it expects to incur | pay for which the obligating event has already arisen as on the reporting date. (` lakhs) Note 13 Borrowings As at March 31, 2023 As at March 31, 2022 Current Non-current Current Non-current a) Nil (March 31, 2022: 20,00,000) 0% redeemable and non-convertible preference shares of ` 10 each {refer Note (iii),(iv) and (v) below and also refer Note 27.3} - - - 172.37 b) Working capital loan from Axis bank 0.62 - - - Total 0.62 - - 172.37 Amount of current maturities of long-term debt disclosed under the head ‘short-term borrowing’ - - 172.37 (172.37) Total 0.62 - 172.37 - Notes: i) Security details: Working capital loans repayable on demand from banks (March 31, 2023: ` 0.62 lakhs, March 31, 2022: ` Nil) is secured by hypothecation of tangible current assets, namely, inventories and book debts of the Company as a whole.
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