Notice Statutory Reports Company Overview Financial Statements 57 Rudolf Atul Chemicals Ltd | Annual Report 2018-19 b) Dividend: The Company declares and pays dividend in Indian rupees. The dividend proposed by the Board is subject to the approval of the shareholders in the ensuing Annual General Meeting, except in case of interim dividend which is approved by the Board. iii) Details of shareholders holding more than 5% of equity shares: No. Name of the shareholder As at March 31, 2019 As at March 31, 2018 Holding % Number of shares Holding % Number of shares 1. IB Industriechemie Beteiligungs GmbH 50.00% 29,18,750 50.00% 29,18,750 2. Atul Ltd 50.00% 29,18,750 50.00% 29,18,750 (` lakhs) Note 12 Other equity As at March 31, 2019 As at March 31, 2018 i) Security premium reserve 416.69 416.69 ii) General reserves 35.27 35.27 iii) Retained earnings Balance at the beginning of the year 1,199.36 998.60 Add: Profit for the year 1,073.06 903.81 Less: Dividend on equity shares for the year 2017-18: `10 per share - (583.75) Dividend distribution tax on dividend - (118.84) Add: Other comprehensive income | (Loss) 0.18 (0.46) Balance at the end of the year 2,272.60 1,199.36 2,724.56 1,651.31 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) General reserve General reserve represents amount appropriated out of retained earnings pursuant to the earlier provisions of Companies Act, 1956. Mandatory transfer to general reserve is not required under the Companies Act, 2013. c) Retained earnings Retained earnings are the profits that the Company has earned till date, less any transfers to general reserve, any transfers from or to OCI, dividends or other distributions paid to shareholders.
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