Amal Ltd 2011-12

33 3. SHARE CAPITAL Particulars As at March 31, 2012 As at March 31, 2011 Number ` ‘000 Number ` ‘000 Authorised 0% Redeemable Preference Shares of ` 10 each 10,000,000 100,000 10,000,000 100,000 Equity Shares of ` 10 each 15,000,000 150,000 15,000,000 150,000 Issued, Subscribed & fully Paid up 0% Redeemable Preference Shares of ` 10 each 10,000,000 100,000 10,000,000 100,000 Equity Shares of ` 10 each 7,025,000 70,250 7,025,000 70,250 Total 17,025,000 170,250 17,025,000 170,250 a) Reconciliation of the shares outstanding at the beginning and at the end of the reporting period Particulars Preference Shares As at March 31, 2012 As at March 31, 2011 Number ` ‘000 Number ` ‘000 Shares outstanding at the beginning of the year 10,000,000 100,000 - - Shares Issued during the year - - 10,000,000 100,000 Shares bought back during the year - - - - Shares outstanding at the end of the year 10,000,000 100,000 10,000,000 100,000 Particulars Equity Shares As at March 31, 2012 As at March 31, 2011 Number ` ‘000 Number ` ‘000 Shares outstanding at the beginning of the year 7,025,000 70,250 7,025,000 70,250 Shares Issued during the year - - - - Shares bought back during the year - - - - Shares outstanding at the end of the year 7,025,000 70,250 7,025,000 70,250 b) Terms | rights attached to preference shares The Company has only one class of 0% redeemable preference shares having a par value of ` 10 per share. These shares are redeemable over a period of 5 years starting from 2013-2014 as per the Draft Rehabilitation Scheme (DRS) submitted to BIFR. The scheme is subject to approval of BIFR. c) Terms | rights attached to equity shares The Company has only one class of equity shares having a par value of ` 10 per share. Each holder of equity shares is entitled to one vote per share. 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. 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. d) Details of shareholders holding more than 5% shares in the Company Name of Shareholder Preference Shares As at March 31, 2012 As at March 31, 2011 No. of Shares held % of Holding No. of Shares held % of Holding Atul Limited 10,000,000 100 10,000,000 100 Notes to financial statements for the year ended March 31, 2012