220 Annual Report 2023-24 Atul Ltd a) Rights, preferences and restrictions The Group has one class of shares referred to as equity shares having a par value of ` 10. i) Equity shares I n the event of liquidation of the Group, the holders of equity shares will be entitled to receive any of the remaining assets of the Group, after distribution of all preferential amounts and preference shares, if any. 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. ii) Dividend T he Group declares and pays dividend in Indian rupees. The dividend proposed by the Board is subject to the approval of shareholders in the ensuing Annual General Meeting, except in case of interim dividend. b) Shares reserved for allotment at a later date: 56 equity shares are held in abeyance due to disputes at the time of earlier rights issues. c) Details of shareholders holding more than 5% of equity shares No. Name of the shareholder As at March 31, 2024 As at March 31, 2023 Holding % Number of shares Holding % Number of shares 1. Aagam Holdings Pvt Ltd 22.60% 66,54,100 22.55% 66,54,000 2. Arvind Farms Pvt Ltd 9.50% 27,96,208 9.47% 27,96,208 3. Life Insurance Corporation of India 5.49% 16,17,151 * * *Shareholding is below 5% as at March 31, 2023. d) Reconciliation of the number of shares outstanding and the amount of equity share capital Particulars As at March 31, 2024 As at March 31, 2023 Number of shares ` cr Number of shares ` cr Balance as at the beginning of the year1 2,95,43,746 29.53 2,96,17,042 29.61 Buy-back of equity shares (refer Note 30.14) 72,000 0.07 73,296 0.08 Balance as at the end of the year1 2,94,71,746 29.46 2,95,43,746 29.53 1Includes 29,991 forfeited shares and amount of ` 0.02 cr e) Shareholding of promoters No. Name of the promoter As at March 31, 2024 As at March 31, 2023 Number of shares % of total shares % change during the year Number of shares % of total shares % change during the year 01. Aagam Holdings Pvt Ltd 66,54,100 22.60% - 66,54,100 22.55% 0.00% 02. Arvind Farms Pvt Ltd 27,96,208 9.50% - 27,96,208 9.47% - 03. Aagam Agencies Pvt Ltd (formerly known as Adhigam Investments Pvt Ltd) 11,95,000 4.06% - 11,95,000 4.05% - 04. Aayojan Resources Pvt Ltd 6,15,460 2.09% - 6,15,460 2.09% 0.16% 05. Akshita Holdings Pvt Ltd 4,64,800 1.58% 0.09% 4,64,400 1.57% - 06. Adhinami Investments Pvt Ltd 4,55,700 1.55% 0.08% 4,55,350 1.54% - 07. Anusandhan Investments Ltd 2,35,100 0.80% 0.04% 2,35,000 0.80% - 08. Samvegbhai Arvindbhai Lalbhai* 2,07,814 0.71% 2.69% 2,02,377 0.69% - Note 14 Equity share capital (continued)
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