163 b) Issue of shares under right 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 a 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 approved the allotment of 29,37,662 equity shares of the face value of ` 10 each to the eligible shareholders. The entire proceeds received from the rights Issue during the financial year 2022-23, amounting to ` 4994.03 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, 2024 As at March 31, 2023 Holding % Number of shares Holding % Number of shares 1. Atul Finserv Ltd 48.48% 59,92,874 48.48% 59,92,874 2. Aagam Holdings Pvt Ltd 16.01% 19,79,339 16.01% 19,79,339 3. Atul Ltd (holding company) 1.38% 1,70,130 1.38% 1,70,130 d) Reconciliation of the number of shares outstanding and the amount of equity share capital: Particulars As at March 31, 2024 As at March 31, 2023 Balance as at the beginning of the year 1,23,62,662 1,236.27 94,25,000 942.50 Add: Issue of fully paid-up shares through rights issue (refer Note 10(b)) - - 29,37,662 293.77 Balance as at the end of the year 1,23,62,662 1,236.27 1,23,62,662 1,236.27 e) Shareholding of promoters: No. Promoter name As at March 31, 2024 As at March 31, 2023 Number of shares % of total shares % change during the year Number of shares % of total shares % change during the year 01. Atul Finserv Ltd 59,92,874 48.48% 0.00% 59,92,874 48.48% 31.17% 02. Aagam Holdings Pvt Ltd 19,79,339 16.01% 0.00% 19,79,339 16.01% 81.96% 03 Atul Ltd (holding company) 1,70,130 1.38% 0.00% 1,70,130 1.38% 31.17% 04. Aayojan Resources Pvt Ltd 5,15,887 4.17% 0.00% 5,15,887 4.17% 31.17% Note 10 Equity share capital (continued)
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