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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, 2017
As at
March 31, 2016
As at
April 01, 2015
Holding
%
Number of
Shares
Holding
%
Number of
Shares
Holding
%
Number of
Shares
1 Aagam Holdings Pvt Ltd
22.41% 66,50,000
22.92% 67,97,264
22.67% 67,25,501
2 Aeon Investments Pvt Ltd
6.79% 20,14,383 5.95%
17,64,383
5.95%
17,64,383
3 Aura Securities Pvt Ltd
–
–
5.44% 16,14,045 5.44% 16,14,045
(
`
cr)
Note 14 Other equity
As at
March 31, 2017
As at
March 31, 2016
a) Securities premium reserve
34.66
34.66
b) General reserve
95.80
95.80
c) Retained earnings
Balance as at the beginning of the year
1,145.10
899.44
Add: Profit for the year
285.30
274.45
Less: Dividend on Equity shares for the year {2015-16:
`
10 per share, (2014-15:
`
8.50 per share)}
29.66
25.21
Dividend distribution tax on dividend
6.05
5.14
Add: Excess provision of dividend distribution tax written back
–
3.56
Add: Transfer from OCI on disposal of FVOCI equity instruments
0.73
–
Add: Remeasurement gain | (loss) on defined benefit plans
1.62
(2.00)
Balance as at the end of the year
1,397.04
1,145.10
d) Other reserves
i) FVOCI Equity instruments
Balance as at the beginning of the year
287.50
325.88
Add: Equity instruments through Other Comprehensive Income (FVOCI)
77.34
(38.38)
Less: Transfer to retained earnings on disposal of FVOCI equity instruments
(0.73)
–
Balance as at the end of the year
364.11
287.50
ii) Effective portion of cash flow hedges
Balance as at the beginning of the year
(0.59)
(0.28)
Add: Effective portion of gain | (loss) on cash flow hedges
(0.72)
(0.90)
Add: Deferred tax liability
0.25
0.31
Less: Hedging gain | (loss) reclassified to Statement of Profit and Loss
0.59
0.28
Balance as at the end of the year
(0.47)
(0.59)
1,891.14
1,562.47
Nature and purpose of other reserves
a) Securities premium
Securities premium is used to record the premium on issue of shares. The reserve is utilised in accordance with the
provisions of the Companies Act, 2013.
b) FVOCI - Equity instruments
The Company has elected to recognise changes in the fair value of certain investments in equity securities in Other
Comprehensive Income. These changes are accumulated within the FVOCI equity instruments reserve within equity. The
Company transfers amounts from this reserve to retained earnings when the relevant equity securities are de-recognised.
Notes
to the Financial Statements