176 Annual Report 2023-24 Atul Ltd Note 29.8 Financial risk management (continued) As at March 31, 2023 (` cr) Type of hedge Changes in the value of the hedging instrument recognised in other comprehensive income Hedge ineffectiveness recognised in profit or loss Amount reclassified from cash flow hedging reserve to profit or loss Financial Statement line item affected Cash flow hedge Foreign exchange risk (0.54) - 0.50 Trade Receivables and payables Movements in cash flow hedging reserve (` cr) Risk category Foreign currency risk Derivative instruments As at March 31, 2024 As at March 31, 2023 Balance at the beginning of the year (0.69) 0.20 Gain recognised in other comprehensive income during the year (0.11) (0.54) Amount reclassified to revenue during the year 0.54 (0.49) Tax impact on above 0.03 0.14 Balance at the end of the year (0.23) (0.69) Note 29.9 Capital management The primary objective of capital management is to maximise shareholder value, safeguard business continuity and support the growth of the Company. It determines the capital requirement based on annual operating plans and long-term and other strategic investment plans. The funding requirements are met through equity and operating cash flows generated. The Company is not subject to any externally imposed capital requirements (refer Note 29.19 (b) for debt-equity ratio). Note 29.10 Segment information In accordance with Ind AS 108, ‘Operating Segments’, segment information has been given in the Consolidated Financial Statements of Atul Ltd and therefore, no separate disclosure on segment information is given in the Standalone Financial Statements. Note 29.11 Earnings per share Earnings per share (EPS) - The numerators and denominators used to calculate basic and diluted EPS: Particulars 2023-24 2022-23 Profit for the year attributable to the equity shareholders ` cr 384.57 552.15 Weighted average number of equity shares used in calculating basic | diluted EPS1 Number 2,94,88,308 2,95,19,595 Nominal value of equity share ` 10.00 10.00 Basic EPS ` 130.41 187.05 Diluted EPS ` 130.41 187.05 1During the current year, the Company completed its share buy-back on January 01, 2024.
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