256 Atul Ltd | Annual Report 2022-23 Atul Ltd | Annual Report 2022-23 Atul Ltd Atul House G I Patel Marg Ahmedabad 380 014, Gujarat India Atul Ltd | Annual Report 2022-23 Reconnect | Reimagine | Regrow Corporate Overview Statutory Reports Financial Statements buy-back paid-up equity share capital of the Company. The buy-back resulted in a cash outflow of ` 69.90 cr (excluding transaction costs). The Company purchased the said shares out of its free reserves and created capital redemption reserve of ` 0.08 cr equal to the nominal value of the shares bought back as an appropriation from the general reserve in accordance with Section 69 of the Companies Act, 2013. Note 30.15 Dividend on equity shares Dividend on equity shares declared and paid during the year: (` cr) Particulars As at March 31, 2023 As at March 31, 2022 Final dividend of ` 25.00 per share for the year 2021-22 (2020-21: ` 20.00) 73.78 59.17 Interim dividend of ` 7.50 per share for the year 2022-23 22.14 - 95.92 59.17 Note: The Group declares and pays dividend in Indian rupees. Companies are required to pay | distribute dividend after deducting applicable withholding income taxes. The remittance of dividends outside India is governed by Indian lawon foreign exchange and is also subject to withholding tax at applicable rates. Note 30.16 Interests in other entities a) Subsidiary companies The subsidiary companies of the Group at March 31, 2023, are set out below. Unless otherwise stated, they have share capital consisting solely of equity shares that are held directly by the Group and the proportion of ownership interests held equals the voting rights held by the Group. The country of incorporation or registration is also their principal place of business. Name of the entity Principal activity Place of business | country of incorporation Ownership interest held by the Group Ownership interest held by the noncontrolling interest As at March 31, 2023 As at March 31, 2022 As at March 31, 2023 As at March 31, 2022 Aaranyak Urmi Ltd Food products India 100% 100% - - Aasthan Dates Ltd Agri products India 100% 100% - - Amal Ltd Chemicals India 49.86% 49.86% 50.14% 50.14% Amal Speciality Chemicals Ltd Chemicals India 49.86% 49.86% 50.14% 50.14% Anchor Adhesives Pvt Ltd Chemicals India 100% 100% - - Atul Aarogya Ltd Healthcare products India 100% 100% - - Atul Ayurveda Ltd Ayurvedic products India 100% 100% - - Atul Bioscience Ltd Chemicals India 100% 100% - - Atul Biospace Ltd Agri products India 100% 100% - - Atul Brasil Quimicos Ltda Chemicals Brasil 100% 100% - - Atul China Ltd Chemicals China 100% 100% - - Atul Clean Energy Ltd Renewable energy India 100% 100% - - Atul Consumer Products Ltd Polymers India 100% 100% - - Atul Crop Care Ltd Agri products India 100% 100% - - Note 30.14 Buy-back of shares (continued)
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