71 Corporate Overview Performance Overview Financial Statements Governance Overview Statutory Reports Name Mr Gopi Kannan Thirukonda Cessation from Directorship of listed company in past three years Nil Number of shares held in the Company Nil Relationship with other Directors Nil Registered office: By order of the Board of Directors 310 B, Veer Savarkar Marg, Dadar (West) Mumbai 400 028 (Rajeev Kumar) India Managing Director Corporate identity number: L24100MH1974PLC017594 DIN: 07731459 July 11, 2025 Explanatory statement The following explanatory statement, as required by Section 102 of the Companies Act, 2013 and Regulation 36(5) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulation, 2015, sets out material facts, including the nature and concern or interest of the Directors in relation to item numbers 4, 5 and 6 mentioned in the accompanying Notice: Item number 4 Regulation 23(4) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (the Listing Regulations), requires approval of the members in case of transaction with related party exceeds ` 1,000 cr or 10% of the annual consolidated turnover of the listed entity as per the last audited financial statements, whichever is lower (materiality transactions). In compliance with Regulation 23(4) of the Listing Regulations, approval of the members was obtained at the 50th Annual General Meeting held on September 05, 2024 for proposed transactions of 2025-26 and 2026-27 however due to the present market situation, the transactions value needs modification. Considering the industry in which the Company and Amal Speciality Chemicals Ltd (ASC), material whollyowned subsidiary company of the Company operate, both work closely with related parties to achieve business objectives and enters into various operational transactions with related parties, from time to time, in the ordinary course of business and on an arm’s length basis. The annual consolidated turnover of the Company for the financial year ended on March 31, 2025, is ` 13,532 lakh. Amongst the transactions with Atul Ltd (Atul), a related party, the revised estimated value of the transaction entered into | to be entered into during financial years 2025-26 and 2026-27, may exceed the threshold and hence the transactions by the Company and ASC with Atul will be material related party transactions. The Company is approaching the members for approval of the revised material related party transaction for financial years 2025-26 and 2026-27 as set out in the resolution. The transactions with Atul will help the Company and ASC to achieve synergies and economies of scale and will be in the best interest of the members. Further, the transactions will help bring efficiency in operational and
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