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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