Note 24.2 Commitments As at March 31, 2018 As at March 31, 2017 Estimated amount of contracts remaining to be executed and not provided for (net of advances): Property, plant and equipment - 13.75 Particulars Capital commitments Capital expenditure contracted for at the end of the reporting period, but not recognised as liabilities is as follows: Name of the Related Party and nature of relationship Note 24.3 (A) Related Party information Name of the Related Party No. Rudolf Atul Chemicals Ltd | Annual Report 2017-18 As at March 31, 2018 As at March 31, 2017 Claims against the Company not acknowledged as debts in respects of: i) Income tax 34.94 73.25 ii) Service tax 13.52 - The above matters are currently being considered by the tax authorities|various forums and the Company expects the judgement will be in its favour and has therefore, not recognised the provision in relation to these claims. Future cash outflow in respect of above will be determined only on receipt of judgement | decision pending with tax authorities | various forums. The potential undiscounted amount of total payments for taxes that the Company may be required to make if there was an adverse decision related to these disputed demands of regulators as of the date reporting period ends are as stated above. Particulars Note 24.1 Contingent liabilities (` lakhs) (` lakhs) Description of relationship Party where control exists 1 I B Industrieschemie Beteiligungs GmbH 2 Atul Ltd Joint venture Other Related Parties with whom transactions have taken place during the year 1 Rudolf GmbH 2 Atul Bioscience Ltd Enterprises over which 3 Atul Infotech Private Ltd significant influence 4 Atul Finserv Ltd exercised 5 Atul Foundation Trust (welfare fund)
RkJQdWJsaXNoZXIy MjA2MDI2