Atul Ltd 2015-16

Atul Ltd | Annual Report 2015-16 Note 28.14 Amalgamation of Amal Ltd The Board of Directors (Board) approved the Scheme of Amalgamation of Amal Ltd. with the Company (Scheme) on December 05, 2014. The Board has approved a share swap ratio of 1 Equity share of the face value of ` 10 each fully paid up of Atul Ltd. for every 50 Equity shares of the face value of ` 10 each fully paid up of Amal Ltd. In terms of the Scheme, the appointed date is April 01, 2014. The Scheme of Amalgamation has been awaiting approval from Board for Industrial and Financial Reconstruction. Pending all other statutory approvals, no effect to the above Scheme has been given in the Financial Statements. The impact of the Scheme on the Financial Statement is not expected to be material. Note 28.15 Corporate Social Responsibility a) Gross amount required to be spent by the Company during the year is ` 5.14 cr b) Amount spent during the year on: ( ` cr) Particulars In cash Yet to be paid in Total i) Construction | acquisition of any asset – – – ii) On purposes other than (i) above 5.31 – 5.31 Note 28.16 Exceptional items Consequent to the capital reduction of GBP 1.05 million in Atul Europe Ltd (AEL), a wholly owned subsidiary company of Atul Ltd, following impact has been given to the Financial Statement: ( ` cr) Particulars Income | (Expenses) i) Receipt of one-time dividend 10.38 ii) Adjustment in the carrying value of investment in AEL (7.71) Net amount 2.67 Note 28.17 Regrouped | Recast | Reclassified Figures of the earlier year have been regrouped | recast | reclassified wherever necessary. Note 28.18 Rounding off Figures less than ` 50,000 have been shown at actuals in brackets. As per our attached report of even date For Dalal & Shah Chartered Accountants LLP Firm Registration Number: 102020W | W-100040 R A Shah S S Baijal B S Mehta H S Shah S M Datta V S Rangan M M Chitale S A Panse B R Arora Directors For and on behalf of the Board of Directors S S Lalbhai Chairman and Managing Director S A Lalbhai Managing Director Mumbai April 29, 2016 S Venkatesh Partner Membership Number: 037942 Mumbai April 29, 2016 T R Gopi Kannan Whole-time Director and CFO L P Patni Company Secretary B N Mohanan Whole-time Director and President - U&S