Amal Ltd | Annual Report 2024-25 Amal Ltd 20 only in accordance with authorisations of the Management and the Directors of the Company, c) provide reasonable assurance regarding the prevention or timely detection of unauthorised acquisition, use or disposition of the assets that can have a material effect on the Financial Statements. A reputed international consultancy firm has reviewed the adequacy of the internal financial controls concerning the Financial Statements. The Management assessed the effectiveness of the internal financial controls over financial reporting as of March 31, 2025 and the Board believes that the controls are adequate. 08. Fixed deposits The Company did not accept any deposits from public and as such no amount on account of principal or interest on deposits from public was outstanding as of March 31, 2025. 09. Loans, guarantees, investments and security Particulars of loans, guarantees, investments and security provided are given on page number 107. 10. Subsidiary company Amal Speciality Chemicals Ltd is the material subsidiary in accordance with the applicable provisions of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (Listing Regulations). 11. Related party transactions All the transactions entered into with the related parties were in the ordinary course of business and on an arm’s length basis and were reviewed and approved by the Audit Committee and material related party transactions were approved by the members in compliance of the Listing Regulations. Details of such transactions are given on page number 119. No transactions were entered into by the Company that required disclosure in Form AOC - 2. 12. Corporate social responsibility The Corporate Social Responsibility (CSR) Policy, the CSR Report and the composition of the CSR Committee are given on page number 26. 13. Annual return Annual return is available on the website of the Company at: https://www.amal.co.in/investors/ information-for-stakeholders/annual-generalmeeting/ 14. Auditors Statutory Auditors Deloitte Haskins & Sells LLP, Chartered Accountants were reappointed as the Statutory Auditors of the Company at the 48th Annual General Meeting (AGM) held on September 08, 2022, until the conclusion of the 53rd AGM. The Auditor’s Report for the financial year ended on March 31, 2025, does not contain any qualification, reservation or adverse remark. The report is enclosed with the Financial Statements in this annual report. Secretarial Auditors SPANJ & Associates, Company Secretaries, continue to be the Secretarial Auditors for 2024-25 and their report is given on page number 30. The Secretarial Audit Report of Amal Speciality Chemicals Ltd, the material subsidiary, is also given on page number 33. As per Regulation 24A of the Listing Regulations, Secretarial Auditors can be appointed for a term of five consecutive years with the approval of the members. Accordingly, based on the recommendation of the Audit Committee, the Board at its meeting held on July 11, 2025, recommended the appointment of SPANJ & Associates, Company Secretaries as the Secretarial Auditors of the Company for a term of five consecutive financial years from 2025-26
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