Atul Ltd 2019-20

219 Consolidated | Notes to the Financial Statements Note 29.14 Interests in other entities a) Subsidiary companies The subsidiary companies of the Group at March 31, 2020 are set out below. Unless otherwise stated, they have 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. The country of incorporation or registration is also their principal place of business. Name of entity Principal activities Place of business | country of incorporation Ownership interest held by the Group Ownership interest held by the non- controlling interest As at March 31, 2020 As at March 31, 2019 As at March 31, 2020 As at March 31, 2019 % % % % Aaranyak Urmi Ltd Food products India 100 100 - - Aasthan Dates Ltd Agri products India 100 100 - - Amal Ltd Chemicals India 50 53 50 47 Anchor Adhesives Pvt Ltd Chemicals India 100 100 - - Atul Aarogya Ltd Healthcare products India 100 100 - - Atul Ayurveda Ltd Ayurvedic products India 100 100 - - Atul Bioscience Ltd Chemicals India 100 100 - - Atul Biospace Ltd Agri products India 100 100 - - Atul Brasil Qumicos Ltda Chemicals Brasil 100 100 - - Atul China Ltd Chemicals China 100 100 - - Atul Clean Energy Ltd Renewable energy India 100 100 - - Atul Crop Care Ltd Agri products India 100 100 - - Atul Deutschland GmbH Chemicals Germany 100 100 - - Atul Entertainment Ltd Entertainment India 100 100 - - Atul Europe Ltd Chemicals UK 100 100 - - Atul Finserv Ltd Investments India 100 100 - - Atul Finresource Ltd Finance India 100 100 - - Atul Hospitality Ltd Hospitality India 100 100 - - Atul Infotech Pvt Ltd Information Technology India 100 100 - - Atul Ireland Ltd Chemicals Ireland 100 - - - Atul Middle East FZ-LLC Chemicals UAE 100 100 - - Atul Nivesh Ltd Investments India 100 100 - - Atul Polymers Products Ltd (Formerly known as Atul Elkay Polymers Ltd) Polymers India 100 100 - - Atul Rajasthan Date Palms Ltd Agri products India 74 74 26 26 Atul (Retail) Brands Ltd Retail India 100 100 - - Atul Seeds Ltd Agri products India 100 100 - - Atul USA Inc Chemicals USA 100 100 - - Biyaban Agri Ltd Agri products India 100 100 - - DPD Ltd Agri products UK 98 98 2 2 Jayati Infrastructure Ltd Infrastructure India 100 100 - - Lapox Polymers Ltd Polymers India 100 100 - - Osia Dairy Ltd Dairy India 100 100 - - Osia Infrastructure Ltd Infrastructure India 100 100 - - Raja Dates Ltd Agri products India 100 100 - - The Group has sold 2,82,750 shares of Amal Ltd during the year, and holds 49.85% of equity share capital of the said company post this transaction. The Group has considered, inter alia , other facts and circumstances including dispersion of holdings of other shareholders, common promoters of both the companies, operational dependency on the company, etc in concluding that Atul Ltd continues to control Amal Ltd as it has existing rights that give it the current ability to direct relevant activities of Amal Ltd.