Amal Ltd | Annual Report 2023-24 • During the year under review, the Company has increased its authorised share capital from 30,00,00,000 (thirty crores) divided into 1,00,00,000 (one crore) equity shares of ` 10 each and 2,00,00,000 (two crores) non-cumulative redeemable preference shares of ` 10 each to 52,00,00,000 (fifty-two crores) divided into 1,00,00,000 (one crore) equity shares of ` 10 each and 4,20,00,000 (four crores twenty lakhs) non-cumulative redeemable preference shares of ` 10 each by passing necessary resolutions at the General Meeting of the Company held on December 12, 2023; • During the year under review, the Board of Directors at their meeting held on January 11, 2024, passed the resolution for the conversion of inter-company deposit of Amal Ltd (holding company) into 10.5% non-cumulative redeemable preference shares and the same was approved by shareholders in their meeting held on January 12, 2024; • During the year under review, the Company increased paid-up share capital by way of allotment of 1,69,90,000 (one crore sixty nine lakhs ninety thousand) non-cumulative redeemable preference shares of ` 10 each after conversion of loan to the holding company, Amal Ltd through the preferential allotment process at the Board meeting held January 17, 2024; • During the year under review, the Company increased paid-up share capital by way of allotment of 50,00,000 (fifty lakhs) 10.5% non-cumulative redeemable preference shares of ` 10 each to the holding company, Amal Ltd through preferential allotment process at the Board meeting held February 15, 2024. CS Jitendra Leeya Practicing Company Secretary Membership number: A 31232 Certificate of practice number: 14503 Date: April 18, 2024 UDIN: A031232F000167456 Place: Ahmedabad Peer review certificate number: 2089 | 2022 Note: This report is to be read with my letter of even date which is annexed as Annexure A and forms an integral part of this report.
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