Amal Ltd 2015-16

Amal Ltd | Annual Report 2015-16 Notes to the Financial Statements a) Reconciliation of the shares outstanding at the beginning and at the end of the reporting period Particulars Equity shares As at March 31, 2016 As at March 31, 2015 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, 2016 As at March 31, 2015 Number ( ` 000) Number ( ` 000) Shares outstanding at the beginning of the year 1,00,00,000 1,00,000 1,00,00,000 1,00,000 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 1,00,000 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 lakhs every year from financial year 2013-14 to 2016-17 and ` 200 lakhs 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 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 the Shareholders holding more than 5% Shares in the Company Name of the Shareholder Preference shares As at March 31, 2016 As at March 31, 2015 Holding % Number of shares Holding % Number of shares Atul Ltd 100% 1,00,00,000 100% 1,00,00,000 Name of the Shareholder Equity shares As at March 31, 2016 As at March 31, 2015 Holding % Number of shares Holding % Number of shares Atul Finserv Ltd 30.87% 21,68,824 30.87% 21,68,824 Aagam Holdings Pvt Ltd 12.89% 9,05,623 12.13% 8,52,143 Atul Ltd 5.87% 4,12,453 5.87% 4,12,453