113 Corporate Overview Performance Overview Financial Statements Governance Overview Statutory Reports (` lakh) Note 11 Other equity As at March 31, 2025 As at March 31, 2024 a) Securities premium 5,520.28 5,520.28 b) Retained earnings 1,218.96 530.60 c) Other reserves Capital contribution from Atul Ltd 1,646.57 1,646.57 8,385.81 7,697.45 Refer Standalone Statement of changes in equity for detailed movement in other equity balance. Nature and purpose of reserves a) Securities premium Securities premium is used to record the premium on issue of shares. The reserve is utilised in accordance with the provisions of the Companies Act, 2013. b) Retained earnings Retained earnings are the profits that the Company has earned till date, less, any transfers to general reserve, any transfers from or to other comprehensive income, dividends or other distributions paid to shareholders. c) Other reserve As per Modified Sanction Scheme MS-10 and MS-13 approved by the Board of Industrial Finance and Reconstruction, the Company had issued 0% redeemable and non-convertible preference shares of ` 1,000 lakh to Atul Ltd (promoter) and received interest free secured loan of ` 1,128.89 lakh and interest free unsecured loan of ` 539.58 lakh 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. (` lakh) Note 12 Provisions As at March 31, 2025 As at March 31, 2024 Non-current Current Non-current Current a) Provision for compensated absences 8.42 0.73 9.44 1.29 b) Others (refer Note (b) below) - 500.79 - 443.85 8.42 501.52 9.44 445.14 i) 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 ` 0.73 lakh (March 31, 2024: ` 1.29 lakh) 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.
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