Amal Ltd | Annual Report 2023-24 b) Effective interest rate and maturity profile of borrowings i) Effective interest rate Particulars Rate a) Rupee term loan from Axis Bank (secured) 9.45% b) Working capital loan from Axis Bank (secured) 8.30% c) Rupee term loan from related party 9.40% ii) Maturity profile (` lakhs) Particulars 2024-25 2025-26 2026-27 2027-28 2028-29 Secured loan from Axis bank - - 1,000.00 500.00 - Rupee term loan from related party 100.00 100.00 100.00 150.00 - (` lakhs) Note 13 Provisions As at March 31, 2024 As at March 31, 2023 Current Noncurrent Current Noncurrent a) Provision for compensated absences 2.26 15.08 1.85 13.61 b) Others 443.85 - 386.75 - 446.11 15.08 388.60 13.61 Information about individual provisions and significant estimates a) Compensated absences: The compensated absences cover the liability for earned leaves. Out of the total amount disclosed above, the amount of ` 2.26 lakhs (March 31, 2023: ` 1.85 lakhs) is presented as current, since the Group does not have an unconditional right to defer settlement for any of these obligations. However, based on past experience, the Group 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. Note 12 Borrowings (continued)
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