Company Overview Financial Statements Notice Statutory Reports 55 Rudolf Atul Chemicals Ltd | Annual Report 2020-21 ii) Terms and rights attached to equity shares: The Company has one class of shares referred to as equity shares having a par value of ` 10 each. a) Equity shares: In the event of liquidation of the Company, the holders of equity shares will be entitled to receive the remaining assets of the Company, after distribution of all preferential amounts. 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. b) 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, except in case of interim dividend, which is approved by the Board of Directors. iii) Details of shareholders holding more than 5% of equity shares: No Name of the shareholder As at March 31, 2021 As at March 31, 2020 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 11 Other equity As at March 31, 2021 As at March 31, 2020 i) Security premium 416.69 416.69 ii) General reserve 35.27 35.27 iii) Retained earnings Balance at the beginning of the year 2,744.55 2,272.60 Add: Profit for the year 1,379.15 998.80 Less: Dividend on equity shares for the year 2019-20: ` 5.00 per share (2018-19: ` 7.50) (291.87) (437.81) Less: Dividend distribution tax on dividend - (89.99) Add: Other comprehensive income | (loss) (6.07) 0.95 Balance at the end of the year 3,825.76 2,744.55 4,277.72 3,196.51 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 the 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 other comprehensive income, dividends or other distributions paid to shareholders.
RkJQdWJsaXNoZXIy MjA2MDI2