Amal Ltd | Annual Report 2024-25 Amal Ltd 196 Note 28.10 Relationship with struck off companies There were no transactions or balances with struck off companies. Note 28.11 Utilisation of loans, advances and equity investment in entities The Group 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 Group 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 Group 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 28.12 Interest in other entities a) Subsidiary company The Group has incorporated a wholly-owned subsidiary during the financial year 2020-21. Unless otherwise stated, it has share capital consisting solely of equity shares that are held directly by the Group and the proportion of ownership interests held equals the voting rights held by the Group. Name of entity Principal activities Place of business | country of incorporation Ownership interest held by the Group As at March 31, 2025 As at March 31, 2024 Amal Speciality Chemicals Ltd Manufacturing of bulk chemicals India 100% 100% Note 28.13 Disclosure of additional information pertaining to the Parent and subsidiary company as per Schedule III of the Companies Act, 2013 No. Name of the entity in the Group Net assets Share in profit or loss Share in other comprehensive income Share in total comprehensive income As % of consolidated net assets Amount (` lakh) As % of consolidated profit Amount (` lakh) As % of consolidated other comprehensive income Amount (` lakh) As % of consolidated total comprehensive income Amount (` lakh) Parent company 1 Amal Ltd 60% 9622.08 25% 687.52 (150%) 0.84 25% 688.36 Subsidiary company 1 Amal Speciality Chemicals Ltd 40% 6333.64 75% 2,038.48 250% (1.40) 75% 2,037.08 Total 100% 15955.72 100% 2,726.00 100% (0.56) 100% 2,725.44 Adjustment arising out of consolidation (6,037.75) 203.21 - 203.21 Grand Total 9917.97 2,929.21 (0.56) 2,928.65
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