Atul Ltd 2011-12

109 NOTE 2 SHARE CAPITAL As at March 31, 2012 As at March 31, 2011 Authorised 8,00,00,000 Equity Shares of ` 10 each 80.00 80.00 80,00,000 Cumulative Redeemable Preference Shares of ` 100 each 80.00 80.00 160.00 160.00 Issued 2,96,91,780 Equity Shares of ` 10 each 29.69 29.69 29.69 29.69 Subscribed 2,96,61,733 Equity Shares of ` 10 each, fully paid 29.66 29.66 Add: Forfeited shares (amount paid-up) 0.02 0.02 29.68 29.68 The Company has two classes of shares referred to as Equity Shares having a par value of ` 10 and Cumulative Redeemable Preference Shares having a par value of ` 100. In the event of liquidation of the Company, the holders of Equity Shares will be entitled to receive any of the remaining assets of the Company, after distribution of all preferential amounts. The distribution will be in proportion to the number of Equity Shares held by the Shareholders. Each holder of Equity Shares is entitled to one vote per share. The Company declares and pays dividends in Indian rupees. The dividend proposed by the Board of Directors is subject to the approval of the Shareholders in the ensuing Annual General Meeting. Details of Shareholders holding more than 5% of Equity Shares: Sr No Name of the Shareholder As at March 31, 2012 As at March 31, 2011 Holding % No of shares Holding % No of shares 1 Aeon Investments Pvt Ltd 5.9% 17,64,382 5.9% 17,64,382 2 Aura Securities Pvt Ltd 5.4% 16,14,045 5.4% 16,14,045 ( ` cr) NOTE 3 RESERVES AND SURPLUS As at March 31, 2012 As at March 31, 2011 (a) Capital reserve 11.70 6.68 (b) Securities premium account 36.27 34.66 (c) Central and State subsidy reserve: Balance as at the beginning of the year 6.63 6.63 Add: Received during the year - - Less: Transferred to general reserve - - 6.63 6.63 (c) Revaluation reserve: Balance as at the beginning of the year 108.58 110.64 Less: Transferred to Statement of Profit and Loss 2.06 2.06 Balance as at the end of the year 106.52 108.58 (d) Hedging reserve (see Note 27.4): Balance as at the beginning of the year (5.09) (15.03) Add: Transferred to Statement of Profit and Loss 5.09 15.03 Less: Effect of foreign exchange rate variation on hedging instruments outstanding at the end of the year 0.78 5.09 Balance as at the end of the year (0.78) (5.09) ( ` cr) Notes to Consolidated financial statements