58 (` lakhs) Note 10 Other equity As at March 31, 2023 As at March 31, 2022 i) Security premium 416.69 416.69 ii) General reserve 35.27 35.27 iii) Retained earnings Balance at the beginning of the year 4,583.01 3,825.76 Add: Profit for the year 777.17 1,639.48 Less: Dividend on equity shares for the year 2021-22: ` 40.00 (2020-21: ` 15.00) per share (2,335.00) (875.63) Add: Other comprehensive income 10.39 (6.60) Balance at the end of the year 3,035.57 4,583.01 3,487.53 5,034.97 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 other comprehensive income, dividends or other distributions paid to shareholders. (` lakhs) Note 11 Lease liabilities As at March 31, 2023 As at March 31, 2022 Lease liabilities 122.08 114.77 Less: Current maturities of lease liabilities (6.19) - 115.89 114.77 (` lakhs) Note 12 Other financial liabilities As at March 31, 2023 As at March 31, 2022 Noncurrent Current Noncurrent Current i) Employee benefits payable - 63.26 4.11 122.99 ii) Security deposits - 155.78 - 166.12 iii) Creditor for capital goods - - - 5.44 iv) Other liabilities (includes discount payable) - 16.35 - 47.53 - 235.39 4.11 342.08
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