Amal Ltd 2020-21

81 ii) Dividend: The dividend proposed by the Board, if any, is subject to the approval of shareholders in the ensuing Annual General Meeting, except in case of interim dividend. b) Details of shareholders holding more than 5% of equity shares: No. Name of the shareholder As at March 31, 2021 As at March 31, 2020 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 11.54% 10,87,809 3. Atul Ltd (holding company) 1.38% 1,29,703 1.38% 1,29,703 c) Reconciliation of the number of shares outstanding and the amount of equity share capital: Particualrs As at March 31, 2021 As at March 31, 2020 Number of shares ` lakhs Number of shares ` lakhs Balance as at the beginning of the year 94,25,000 942.50 94,25,000 942.50 Balance as at the end of the year 94,25,000 942.50 94,25,000 942.50 ( ` lakhs) Note 10 Other equity As at March 31, 2021 As at March 31, 2020 a) Securities premium 876.88 876.88 b) Retained earnings Balance as at the beginning of the year (913.17) (1,832.41) Add: Profit for the year 884.51 919.17 Add: Other comprehensive income, net of tax (0.88) 0.07 Balance as at the end of the year (29.54) (913.17) c) Other reserves i) Capital contribution from Atul Ltd 1,646.57 1,646.57 2,493.91 1,610.28 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. Note 9 Equity share capital (continued)