151 b) Issue of shares under rights issue: On December 14, 2022, the Board of Directors of the Company approved the rights issue of equity shares. Subsequently the Right Issue Committee approved the rights issue of 29,37,662 equity shares of face value of ` 10 each at a price of ` 170 per share (including security premium of ` 160) in the ratio of 24:77, i.e. 24 new shares for 77 existing equity shares held by the eligible shareholders on record date, i.e. February 21, 2023. On March 23, 2023, the Committee has approved the allotment of 29,37,662 equity shares of face value of ` 10 each to the eligible shareholders. The entire proceeds received from the rights issue during the year amounting to ` 4,994.03 lakhs were used for the objects stated in the offer document of the rights issue. c) Details of shareholders holding more than 5% of equity shares No. Name of the shareholder As at March 31, 2023 As at March 31, 2022 Holding % Number of shares Holding % Number of shares 1. Atul Finserv Ltd 48.48% 59,92,874 48.48% 45,68,824 2. Aagam Holdings Pvt Ltd 16.01% 19,79,339 11.54% 10,87,809 3. Atul Ltd (holding company) 1.38% 1,70,130 1.38% 1,29,703 d) Reconciliation of the number of shares outstanding and the amount of equity share capital Particualrs As at March 31, 2023 As at March 31, 2022 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 Add: Issue of fully paid up shares through rights issue (refer Note 9(b)) 29,37,662 293.77 - - Balance as at the end of the year 1,23,62,662 1,236.27 94,25,000 942.50 Note 9 Equity share capital (continued)
RkJQdWJsaXNoZXIy MjA2MDI2