Amal Ltd | Annual Report 2024-25 Amal Ltd 138 f) No proceedings have been initiated or are pending against the Company for holding any benami property under the Benami Transactions (Prohibition) Act, 1988 (45 of 1988) and rules made there under. g) No loans or advances in the nature of loans are granted to promoters, Directors, Key Managerial Personnel and the related parties (as defined under the Companies Act, 2013) either severally or jointly with any other person. h) The Company does not have any charges or satisfaction of charges which is yet to be registered with Registrar of Companies beyond the statutory period. i) There were no loans, advances and investments made in intermediary company. Note 27.17 Utilisation of loans, advances and equity investment in entities The Company has not advanced or loaned or invested funds to any other person(s) or entity(ies), including foreign entities (intermediaries) with the understanding that the intermediary shall: a) directly or indirectly lend or invest in other persons or entities identified in any manner whatsoever by or on behalf of the group (ultimate beneficiaries) or b) provide any guarantee, security or the like to or on behalf of the ultimate beneficiaries The Company has not received any funds from any person(s) or entity(ies), including foreign entities (funding party) with the understanding (whether recorded in writing or otherwise) that the Company shall: a) directly or indirectly lend or invest in other persons or entities identified in any manner whatsoever by or on behalf of the funding party (ultimate beneficiaries) or b) provide any guarantee, security or the like to or on behalf of the ultimate beneficiaries Note 27.18 Relationship with struck off companies There were no transactions or balances with struck off companies. Note 27.19 Dividend on equity shares The Board of Directors of the Company in its meeting held on April 18, 2025 has recommended a final dividend of 10% (` 1.00 per share) for year 2024-25 (year 2023-24 ` Nil) which is subject to the approval of the shareholders at the ensuing Annual General Meeting. Note 27.20 Events occuring after Balance Sheet date The Company evaluated subsequent events upto the date the financial statements were available for issuance, and determined that there were no additional material subsequent events requiring disclosure. Note 27.21 Foreign currency exposure There was no foreign currency exposure as on March 31, 2025.
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