Amal Ltd 2014-15

Amal Ltd | Annual Report 2014-15 (` 000) NOTE 2 SHARE CAPITAL As at March 31, 2015 As at March 31, 2014 Authorised 1,50,00,000 (1,50,00,000) Equity shares of ` 10 each 1,50,000 1,50,000 1,00,00,000 (1,00,00,000) 0% Redeemable Preference shares of ` 10 each 1,00,000 1,00,000 Issued, subscribed and fully paid up 70,25,000 (70,25,000) Equity shares of ` 10 each 70,250 70,250 1,00,00,000 (1,00,00,000) 0% Redeemable Preference shares of ` 10 each 1,00,000 1,00,000 1,70,250 1,70,250 a) Reconciliation of the shares outstanding at the beginning and at the end of the reporting period Particulars Equity shares As at March 31, 2015 As at March 31, 2014 Number (` 000) Number (` 000) Shares outstanding at the beginning of the year 70,25,000 70,250 70,25,000 70,250 Shares issued during the year - - - - Shares bought back during the year - - - - Shares outstanding at the end of the year 70,25,000 70,250 70,25,000 70,250 Particulars Preference shares As at March 31, 2015 As at March 31, 2014 Number (` 000) Number (` 000) Shares outstanding at the beginning of the year 1,00,00,000 1,00,000 1,00,00,000 100,000 Shares issued during the year - - - - Shares bought back during the year - - - - Shares outstanding at the end of the year 1,00,00,000 1,00,000 1,00,00,000 100,000 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 at par over a period of 7 years, starting ` 100 lacs every year from financial year 2013-14 to 2016-17 and ` 200 lacs every year from financial year 2017-18 to 2019-20 as per the Modified Sanctioned Scheme (MS - 13) approved by BIFR. Extension of 3 years was granted by the Board of Atul Ltd as per the request of Monitoring Committee formed under the Scheme whereby the repayment will now start from 2016-17. 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 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. Notes to the Financial Statements