Amal Ltd | Annual Report 2023-24 No. Particular Details | information pertaining to transactions 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. In the interest of the Company, the similar transactions were approved by the members for the financial year 2023-24 and 2024-25. 7 If the transactions relate to any loans, inter-corporate deposits, advances or investments made or given by the listed entity or its subsidiary Not applicable a) Details of the source of funds in connection with the proposed transaction Not applicable b) Where any financial indebtedness is incurred to make or give loans, inter-corporate deposits, advances or investments: i) nature of indebtedness ii) cost of funds iii) tenure Not applicable c) Applicable terms, including covenants, tenure, interest rate and repayment schedule, whether secured or unsecured; if secured, the nature of security Not applicable d) 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. The members may note that the Company and ASCL have been undertaking such transactions of a similar nature with the related party in the past financial years, in the ordinary course of business and on an arm’s length after obtaining requisite approvals from the Audit Committee | the Members of the Company. The maximum annual value of the proposed transactions with Atul Ltd is estimated on the basis of current transactions and future business projections.
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