Amal Ltd | Annual Report 2024-25 Amal Ltd 180 Note 28.1 Contingent liabilities (` lakh) Particulars As at March 31, 2025 As at March 31, 2024 Claims against the Company not acknowledged as debts in respects of: i) Sales tax1 62.86 62.86 ii) Corporate guarantee for subsidiary company - 5,100.00 1 The regulatory claims are under litigations at various forums. The Company expects the outcome of the above matters to be in its favour and has, therefore, not recognised provision in relation to these claims. Note 28.2 Commitments Capital commitments Capital expenditure contracted for at the end of the reporting period, but not recognised as liabilities, is as follows: (` lakh) Particulars As at March 31, 2025 As at March 31, 2024 Estimated amount of contracts remaining to be executed and not provided for (net of advances): Property, plant and equipment 9.01 109.06 Note 28.3 Related party disclosures Note 28.3 (A) Related party information Name of the related party and nature of relationship No. Name of the related party Description of relationship 1. Atul Finserv Ltd Investing company and subsidiary of holding company 2. Atul Ltd Holding by virtue of control 3. Rudolf Atul Chemicals Ltd Joint venture company of Holding Company 4. Aagam Holdings Pvt Ltd Entities over which Key Management Personnel or their close family members have significant influence 5. Adhigam Investment Pvt Ltd 6. Aayojan Resources Pvt Ltd 7. Atul Foundation Trust 8. Key Management Personnel Sunil Lalbhai Chairman Rajeev Kumar Managing Director Gopi Kannan Thirukonda Non-executive Director Abhay Jadeja2 Independent Director Sujal Shah2 Independent Director 2 Retired during previous year
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