151 a) Rights, preferences and restrictions: The Group has one class of shares referred to as equity shares having a par value of ` 10 each. i) Equity shares: In the event of liquidation of the Group, the holders of equity shares will be entitled to receive the remaining assets of the Group, after distribution of all preferential amounts and preference shares. The distribution will be in proportion to the number of equity shares held by the shareholders. Each holder of equity shares is entitled to one vote per share. Additionally, the Group has authorised and issued fully paid 0% redeemable and non-convertible cumulative preference shares of ` 10 each classified as liabilities. These shares do not carry voting rights. Further details are provided in Note 11. 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, 2022 As at March 31, 2021 Holding % Number of shares Holding % Number of shares 1 Atul Finserv Ltd 48.48% 4,568,824 48.48% 4,568,824 2 Aagam Holdings Pvt Ltd 11.54% 1,087,809 11.54% 1,087,809 3 Atul Ltd (holding company) 1.38% 129,703 1.38% 129,703 c) Reconciliation of the number of shares outstanding and the amount of equity share capital: Particualrs As at March 31, 2022 As at March 31, 2021 Number of shares ` lakhs Number of shares ` lakhs Balance as at the beginning of the year 9,425,000 942.50 9,425,000 942.50 Balance as at the end of the year 9,425,000 942.50 9,425,000 942.50
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