Corporate Overview Statutory Reports Financial Statements 137 (` cr) Note 5.1 Investments in subsidiary companies and joint venture company Face value1 As at March 31, 2024 As at March 31, 2023 Number of shares Amount Number of shares Amount a) Investment in equity instruments (fully paid-up) Subsidiary companies | joint venture company measured at cost Quoted In subsidiary company measured at cost Amal Ltd2, 3 10 1,70,130 18.82 1,70,130 18.82 Unquoted In foreign subsidiary companies measured at cost Atul Brasil Quimicos Ltd R$ 1 7,04,711 2.03 7,04,711 2.03 Atul China Ltd US$ 4,10,000 1 0.92 1 0.92 Atul Deutschland GmbH € 1,00,000 1 - 1 - Atul Europe Ltd £ 1 32,88,911 24.14 32,88,911 24.14 Atul Middle East FZ-LLC AED 1,000 300 0.51 300 0.51 Atul USA Inc US$ 1,000 2,000 6.29 2,000 6.29 In Indian subsidiary companies measured at cost Aasthan Dates Ltd 10 20,98,000 2.10 20,98,000 2.10 Atul Adhesives Pvt Ltd (formerly known as Anchor Adhesives Pvt Ltd) 10 5,86,155 2.28 5,86,155 2.28 Atul Bioscience Ltd 10 2,90,21,868 52.57 2,90,21,868 52.57 Atul Biospace Ltd 10 1,10,30,365 13.36 1,10,30,365 13.36 Atul Finserv Ltd 100 48,35,249 156.46 46,09,600 142.45 7 5,00,000 5.00 5,00,000 5.00 Atul Healthcare Ltd 10 22,67,000 22.77 22,67,000 22.77 Atul Lifescience Ltd 10 94,994 0.10 4,994 0.00 Atul Products Ltd 10 49,99,994 5.00 49,99,994 5.00 Atul Rajasthan Date Palms Ltd 1,000 30,001 3.00 30,001 3.00 Biyaban Agri Ltd 10 10,91,100 1.09 10,91,100 1.09 Raja Dates Ltd 10 40,95,500 4.10 40,95,500 4.10 In joint venture company measured at cost Rudolf Atul Chemicals Ltd 10 29,18,750 6.13 29,18,750 6.13 b) Investment in preference shares (fully paid-up) Subsidiary company measured at amortised cost Unquoted 9.50% Non-cumulative redeemable preference shares of Atul Product Ltd4 10 82,67,18,500 826.72 - - 1,153.39 312.56
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