148 Atul Ltd | Annual Report 2021-22 No. Name of the promoter As at March 31, 2022 As at March 31, 2021 Number of shares % of total shares % change during the year Number of shares % of total shares % change during the year 20. Sanjaybhai Shrenikbhai Lalbhai (on behalf of Arvindbhai Lalbhai Family Trust ) 3,653 0.01% - 3,653 0.01% - 21. Swati Siddharth Lalbhai (on behalf of Sunil Lalbhai Employees Trust 1) 2,000 0.01% 100% - - - 22. Lalbhai Dalpatbhai HUF 1,169 - - 1,169 - - 23. Sunil Siddharth Lalbhai (on behalf of Vimla Siddharth Family Trust ) 1,070 - 100% - - - 24. Sheth Narottambhai Lalbhai 495 - - 495 - - 25. Sunil Lalbhai Employee Trust - - (100%) 2,000 0.01% - *Out of 65,982 shares, 35,620 shares are held on behalf of Siddharth Family Trust and 4,612 shares are held on behalf of Vimla Siddharth Trust (` cr) Note 14 Other equity As at March 31, 2022 As at March 31, 2021 Summary of other equity balance a) General reserve 68.72 68.72 b) Retained earnings 3,663.76 3,143.28 c) Capital redemption reserve 0.07 0.07 d) Other reserves i) FVTOCI equity instruments 554.03 469.24 ii) Effective portion of cash flow hedges 0.20 0.43 4,286.78 3,681.74 Refer Standalone Statement of changes in equity for detailed movement in other equity balance. Nature and purpose of other reserves a) General reserve General reserve represents amount appropriated out of retained earnings pursuant to the earlier provisions of the Companies Act, 1956. Mandatory transfer to general reserve is not required under the Companies Act, 2013. b) Retained earnings Retained earnings are the profits that the Company has earned till date, less, any transfers to general reserve, any transfers from or to other comprehensive income, dividends or other distributions paid to shareholders. c) Capital redemption reserve In accordance with Section 69 of the Companies Act, 2013, the Group has created capital redemption reserve equal to the nominal value of the shares bought back as an appropriation from general reserve. d) FVTOCI 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 FVTOCI equity instruments reserve within equity. The Company transfers amounts from this reserve to retained earnings when the relevant equity securities are derecognised. e) Cash flow hedging reserve The Company uses hedging instruments as part of its management of foreign currency risk associated with its highly probable forecast sale and inventory purchases and interest rate risk associated with variable interest rate borrowings. For hedging foreign currency risk, the Company uses foreign currency forward contracts, foreign currency option contracts and interest rate swaps. They are designated as cash flow hedges to the extent these hedges are effective, the change in fair value of the hedging instrument is recognised in the cash flow hedging reserve. Amounts recognised in the cash flow hedging reserve is reclassified to profit or loss when the hedged item affects profit or loss (for example, sales and interest payments). When the forecast transaction results in the recognition of a non-financial asset (for example, inventory), the amount recognised in the cash flow hedging reserve is adjusted against the carrying amount of the non-financial asset.
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