58 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 are subject to the approval of the shareholders in the ensuing Annual General Meeting, except in case of interim dividend. iii) Details of shareholders holding more than 5% of equity shares: No. Name of the shareholder As at March 31, 2024 As at March 31, 2023 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 iv) Shareholding of promoters: No. Name of the shareholder As at March 31, 2024 As at March 31, 2023 Number of shares % of total shares % change during the year Number of shares % of total shares % change during the year 1. IB Industriechemie Beteiligungs GmbH 29,18,750 50.00% - 29,18,750 50.00% - 2. Atul Ltd 29,18,750 50.00% - 29,18,750 50.00% - (` lakhs) Note 11 Other equity As at March 31, 2024 As at March 31, 2023 i) Security premium 416.69 416.69 ii) General reserve 35.27 35.27 iii) Retained earnings 4,379.30 3,035.57 4,831.26 3,487.53 Refer Statement of changes in equity for detailed movement in other equity balance.
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