91 No. Name of the promoter As at March 31, 2023 As at March 31, 2022 Number of shares % of total shares % Change during the year Number of shares % of total shares % Change during the year 08. Aagam Agencies Pvt Ltd 35,415 0.29% 31.17% 27,000 0.29% 10700.00% 09. Sunil Siddharth Lalbhai (on behalf of Vimla Siddharth Family Trust ) 27,077 0.22% 31.17% 20,643 0.22% 100.00% 10. Vimlaben S Lalbhai 17,379 0.14% 31.16% 13,250 0.14% - 11. Sunil Siddharth Lalbhai 4,918 0.04% 31.15% 3,750 0.04% - 12. Swati S Lalbhai 926 0.01% 31.16% 706 0.01% - 13. Taral S Lalbhai 655 0.01% 31.00% 500 0.01% - (` lakhs) Note 11 Other equity As at March 31, 2023 As at March 31, 2022 a) Securities premium 5,520.28 876.88 b) Retained earnings 287.60 211.80 c) Other reserves Capital contribution from Atul Ltd 1,646.57 1,646.57 7,454.45 2,735.25 Refer Standalone Statement of changes in equity for detailed movement in other equity balance. Nature and purpose of 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 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 and non-convertible preference shares of ` 1,000 lakhs to Atul Ltd (promoter) and received interest free secured loan of ` 1,128.89 lakhs and interest Note 10 Equity share capital (continued)
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