Atul Ltd 2016-17

113 b) Shares reserved for allotment at a later date: 56 Equity shares are held in abeyance due to disputes at the time of earlier rights issues. c) Details of Shareholders holding more than 5% of Equity shares: No. Name of the Shareholder As at March 31, 2017 As at March 31, 2016 As at April 01, 2015 Holding % Number of Shares Holding % Number of Shares Holding % Number of Shares 1 Aagam Holdings Pvt Ltd 22.41% 66,50,000 22.92% 67,97,264 22.67% 67,25,501 2 Aeon Investments Pvt Ltd 6.79% 20,14,383 5.95% 17,64,383 5.95% 17,64,383 3 Aura Securities Pvt Ltd – – 5.44% 16,14,045 5.44% 16,14,045 ( ` cr) Note 14 Other equity As at March 31, 2017 As at March 31, 2016 a) Securities premium reserve 34.66 34.66 b) General reserve 95.80 95.80 c) Retained earnings Balance as at the beginning of the year 1,145.10 899.44 Add: Profit for the year 285.30 274.45 Less: Dividend on Equity shares for the year {2015-16: ` 10 per share, (2014-15: ` 8.50 per share)} 29.66 25.21 Dividend distribution tax on dividend 6.05 5.14 Add: Excess provision of dividend distribution tax written back – 3.56 Add: Transfer from OCI on disposal of FVOCI equity instruments 0.73 – Add: Remeasurement gain | (loss) on defined benefit plans 1.62 (2.00) Balance as at the end of the year 1,397.04 1,145.10 d) Other reserves i) FVOCI Equity instruments Balance as at the beginning of the year 287.50 325.88 Add: Equity instruments through Other Comprehensive Income (FVOCI) 77.34 (38.38) Less: Transfer to retained earnings on disposal of FVOCI equity instruments (0.73) – Balance as at the end of the year 364.11 287.50 ii) Effective portion of cash flow hedges Balance as at the beginning of the year (0.59) (0.28) Add: Effective portion of gain | (loss) on cash flow hedges (0.72) (0.90) Add: Deferred tax liability 0.25 0.31 Less: Hedging gain | (loss) reclassified to Statement of Profit and Loss 0.59 0.28 Balance as at the end of the year (0.47) (0.59) 1,891.14 1,562.47 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. b) FVOCI - Equity instruments The Company has elected to recognise changes in the fair value of certain investments in equity securities in Other Comprehensive Income. These changes are accumulated within the FVOCI equity instruments reserve within equity. The Company transfers amounts from this reserve to retained earnings when the relevant equity securities are de-recognised. Notes to the Financial Statements