138 Annual Report 2023-24 Atul Ltd (` cr) Note 5.2 Other investments 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) Other companies measured at FVTOCI Quoted Arvind Fashions Ltd 4 15,96,105 72.33 15,96,105 44.64 Arvind Ltd 10 41,27,471 111.63 41,27,471 35.08 Arvind SmartSpaces Ltd 10 4,12,747 28.80 4,12,747 11.66 BASF India Ltd 10 2,61,396 87.23 2,61,396 59.48 ICICI Bank Ltd 2 1,09,026 11.92 1,09,026 9.56 Novartis India Ltd 5 3,74,627 38.53 3,74,627 21.12 Pfizer Ltd 10 9,58,927 402.26 9,58,927 332.47 The Anup Engineering Ltd 10 1,52,869 48.27 1,52,869 15.31 Unquoted Bhadreshwar Vidyut Pvt Ltd5 0.19 7,95,000 - 7,95,000 - BEIL Infrastructure Ltd6 10 70,000 0.07 70,000 0.07 Narmada Clean Tech6 10 7,15,272 0.72 7,15,272 0.72 b) Investment in government or trust securities measured at amortised cost 6 Years National Savings Certificates (deposited with government departments) - 0.01 - 0.01 c) Investment in bonds measured at FVTPL (quoted) - 94.35 - 112.74 896.12 642.86 (` cr) Note 5.3 Current investment As at March 31, 2024 As at March 31, 2023 Unquoted Investment in mutual funds measured at FVTPL 410.41 172.42 410.41 172.42 Aggregate amount of investments and market value thereof: (` cr) Particulars As at March 31, 2024 As at March 31, 2023 Aggregate carrying value of quoted investments3 914.14 660.88 Aggregate market value of quoted investments 901.43 645.15 Aggregate carrying value of unquoted investments 1,545.78 466.96 Aggregate amount of impairment in value of investments - - ¹In ` and fully paid unless otherwise stated | 2Subsidiary company by virtue of control | 3Book value includes equity component of ` 18.12 cr (March 31, 2023: ` 18.12 cr) recognised on 0% preference shares and interest free loans given to Amal Ltd carried at amortised cost | 4Loan and cumulative redeemable preference shares of ` 670.22 cr and ` 94.50 cr respectively, were converted into non-cumulative redeemable preference shares of Atul Products Ltd, as agreed upon by Atul Ltd and Atul Product Ltd during the year |5Under liquidation |6Investments in BEIL Infrastructure Ltd and Narmada Clean Tech which are for operation purpose and the Company has to hold it till the production site continues. The Company estimates that the fair value of these investments are not materially different as compared to its cost.
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