Amal Ltd 2019-20

81 Note 9 Equity share capital (continued) b) Details of shareholders holding more than 5% of equity shares: No. Name of the shareholder As at March 31, 2020 As at March 31, 2019 Holding % Number of shares Holding % Number of shares 1 Atul Finserv Ltd 48.48% 45,68,824 48.48% 45,68,824 2 Aagam Holdings Pvt Ltd 11.54% 10,87,809 10.27% 9,67,809 3 Atul Ltd (Holding Company) 1.38% 1,29,703 4.38% 4,12,453 ( ` lakhs ) Note 10 Other equity As at March 31, 2020 As at March 31, 2019 a) Securities premium 876.88 876.88 b) Retained earnings Balance as at the beginning of the year (1,832.41) (2,606.69) Add: Profit for the year 919.17 775.05 Add: Remeasurement gain | (loss) on defined benefit plans, net of tax 0.07 (0.77) Balance as at the end of the year (913.17) (1,832.41) c) Other reserves i) Capital contribution from Atul Ltd 1,646.57 1,646.57 1,610.28 691.04 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) 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. c) Other reserve As per Modified Sanction Scheme MS-10 and MS-13 approved by the Board of Industrial Finance and Reconstruction, the Company had issued 0% redeemable preference shares of ` 1,000 lakhs to Atul Ltd (Promoter) and received interest free secured loan of ` 1,128.89 lakhs and interest free unsecured loan of ` 539.58 lakhs from Atul Ltd As per Ind AS this is required. These financial liabilities are measured at amortised cost and the initial fair value difference is recognised as capital contribution from Atul Ltd. Notes to the Financial Statements