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Atul Ltd | Annual Report 2013-14
(
`
cr)
NOTE 2 SHARE CAPITAL
As at
March 31, 2014
As at
March 31, 2013
Authorised
8,00,00,000 (8,00,00,000) Equity Shares of
`
10 each
80.00
80.00
80,00,000 (80,00,000) Cumulative Redeemable Preference
Shares of
`
100 each
80.00
80.00
160.00
160.00
Issued
2,96,91,780 (2,96,91,780) Equity Shares of
`
10 each
29.69
29.69
29.69
29.69
Subscribed
2,96,61,733 (2,96,61,733) Equity Shares of
`
10 each, fully paid
29.66
29.66
29,991
(29,991) Add: Forfeited Shares (amount paid-up)
0.02
0.02
29.68
29.68
(a) Rights, Preferences and restrictions:
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.
i) Equity Shares:
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 and Preference Shares.
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) Preference Shares:
The Company has Preference Shares having a par value of
`
100 per share. Each Shareholder is eligible for
dividend depending upon their coupon rates. The Preference Shareholder is entitled to one vote per share only
on resolutions placed before the Company which directly affect the rights attached to the Preference Shares.
iii) Dividend:
The Company declares and pays dividend 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.
(b) Shares reserved for issue 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:
Sr
No
Name of the Shareholder
As at
March 31, 2014
As at
March 31, 2013
Holding % No of Shares
Holding %
No of Shares
1 Aagam Holdings Pvt Ltd*
22.70% 67,25,501
Nil
Nil
2 Aura Securities Pvt Ltd
5.44% 16,14,045
5.44% 16,14,045
3 Aeon Investments Pvt Ltd
3.50% 10,39,383
5.95% 17,64,383
* During the year certain Promoter group companies were merged. However, there is no change in shareholding
of the Promoters due to this merger.
Notes
to the Financial Statements