Amal Ltd | Annual Report 2023-24 Standalone Statement of Cash Flows for the year ended on March 31, 2024 (` lakhs) Particulars 2023-24 2022-23 C CASH FLOW FROM FINANCING ACTIVITIES Disbursement | (repayment) of borrowings (0.62) 0.62 Repayment of preference share liabilities - (200.00) Interest paid (0.63) (3.10) Proceeds from right issue of equity shares (net of expenses) - 4,937.17 Net cash generated from | (used in) financing activities C (1.25) 4,734.69 Net increase | (decrease) in cash and cash equivalents A+B+C (218.57) 248.55 Cash and cash equivalents at the beginning of the year 260.46 11.91 Cash and cash equivalents at the end of the year (refer Note 10) 41.89 260.46 1During 2023-24, the loans aggregating ` 1,699 lakhs as of March 31, 2023, are converted into 1,69,90,000, 10.50% non-cumulative redeemable preference shares at ` 10 per share, amounting to ` 1,699 lakhs and additional investment of ` 500 lakhs made into 50,00,000, 10.50% non-cumulative redeemable preference shares at ` 10 per share. During 2022-23, the loans aggregating ` 5,000.14 lakhs are converted into 27,19,000 equity shares at ` 110.34 per share amounting to ` 3,000.14 lakhs and 2,00,00,000, 10% non-cumulative redeemable preference shares at ` 10 per share, amounting to ` 2,000 lakhs. (i) The above Standalone Statement of Cash Flows has been prepared under the ‘Indirect Method’ as set out in the Ind AS 7 on Statement of Cash Flows as notified under Companies (Indian Accounting Standards) Rules, 2015, as amended. (ii) Reconciliation of changes in liabilities arising from financing activities Particulars 2023-24 2022-23 Borrowing at the beginning of the year 0.62 172.37 (Repayment) | Disbursement (0.62) (199.38) Interest expense on loan 0.21 30.73 Interest paid on loan (0.21) (3.10) Borrowing as at the end of the year - 0.62 The accompanying Notes 1-29 form an integral part of the Standalone Financial Statements. In terms of our report attached For and on behalf of the Board of Directors For Deloitte Haskins & Sells LLP Chartered Accountants Sunil Lalbhai Ketan Vora Yogesh Vyas Chairman Partner Chief Financial Officer (DIN: 00045590) Rajeev Kumar Mumbai Ankit Mankodi Managing Director April 19, 2024 Company Secretary (DIN: 07731459)
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