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136
Sixty-Seventh Annual Report 2011-2012
NOTES FORMING PART OF FINANCIAL STATEMENTS
(
`
in crores)
2. Share capital
As at
As at
March 31,
March 31,
2012
2011
(a)
Authorised :
350,00,00,000 Ordinary shares of
`
2 each
(as at March 31, 2011: 70,00,00,000 shares of
`
10 each)
700.00
700.00
100,00,00,000 ‘A’ Ordinary shares of
`
2 each
(as at March 31, 2011: 20,00,00,000 shares of
`
10 each)
200.00
200.00
30,00,00,000 Convertible Cumulative Preference shares of
`
100 each
(as at March 31, 2011: 30,00,00,000 shares of
`
100 each)
3,000.00
3,000.00
3,900.00
3,900.00
(b)
Issued, subscribed and fully paid :
269,16,13,455 Ordinary shares of
`
2 each
(as at March 31, 2011: 53,82,72,284 shares of
`
10 each)
538.32
538.27
48,19,33,115 ‘A’ Ordinary shares of
`
2 each
(as at March 31, 2011: 9,63,41,706 shares of
`
10 each)
96.39
96.34
634.71
634.61
(c)
Calls unpaid
- Ordinary shares
(0.01)
(0.01)
(d)
Forfeited Shares
- Ordinary shares
0.05
0.05
(e) Amount received in respect of Ordinary shares pending allotment
-
3.06
634.75
637.71
(f )
Movement of number of shares and share capital :
2011-2012
2010-2011
No. of shares (
`
in crores)
No. of shares (
`
in crores)
(i)
Ordinary shares:
Shares as on April 1
53,82,72,284
538.27
50,63,81,170
506.38
Add: Shares issued out of held in abeyance
50,199
0.05
388
-*
Add: Shares issued through Qualified Institutional
Placement (QIP)
-
-
83,20,300
8.32
Add: Shares issued through conversion of Foreign
Currency Convertible Notes (FCCN)
-
-
2,35,70,426
23.57
53,83,22,483
538.32
53,82,72,284
538.27
Subdivision of ordinary shares of
`
10 each into 5 shares of
`
2 each
269,16,12,415
538.32
-
-
Add: Shares issued out of held in abeyance
1,040
-*
-
-
Shares as on March 31
269,16,13,455
538.32
53,82,72,284
538.27
(ii)
'A' Ordinary shares:
Shares as on April 1
9,63,41,706
96.34
6,41,76,374
64.18
Add: Shares issued out of held in abeyance
44,765
0.05
332
-*
Add: Shares issued through Qualified Institutional
Placement (QIP)
-
-
3,21,65,000
32.16
9,63,86,471
96.39
9,63,41,706
96.34
Subdivision of 'A' ordinary shares of
`
10 each into 5 shares of
`
2 each
48,19,32,355
96.39
-
-
Add: Shares issued out of held in abeyance
760
-*
-
-
Shares as on March 31
48,19,33,115
96.39
9,63,41,706
96.34
* Less than
`
5,000/-
(g)
Rights, preferences and restrictions attached to shares :
(i)
Ordinary shares of
`
2 each :
-
In respect of every Ordinary share (whether fully paid or partly paid), voting right shall be in same proportion as the capital paid
upon such Ordinary share bears to the total paid up ordinary capital of the Company.
-
The dividend proposed by the Board of Directors is subject to the approval of the shareholders in the ensuing Annual General
Meeting, except in case of interim dividend.
-
In the event of liquidation, the shareholders of Ordinary shares are eligible to receive the remaining assets of the Company
after distribution of all preferential amounts, in proportion to their shareholdings.
(ii)
‘A’ Ordinary shares
`
2 each :
-
The holders of ‘A’ Ordinary shares shall be entitled to dividend on each ‘A’ Ordinary share which will be of five percentage on
face value more than the aggregate rate of dividend payable on Ordinary shares for the financial year.
-
If any resolution at any general meeting of shareholders is put to vote on poll, or if any resolution is put to vote by postal ballot, each ‘A’
Ordinary shareholder shall be entitled to one vote for every ten ‘A’ Ordinary shares held.
-
In case there is a resolution put to vote in the shareholdersmeeting and is to be decided on a showof hands, the holders of ‘A’Ordinary shares
shall be entitled to the same number of votes as available to holders of Ordinary shares.
(iii)
American Depository Shares (ADSs) and Global Depositary Shares (GDSs) :
-
Holders of ADS and GDS are not entitled to attend or vote at shareholders meetings. Holders of ADS may exercise voting rights with
respect to the Ordinary shares represented by ADS only in accordance with the provisions of the Company’s ADS deposit agreement and
Indian Law. The depository for the holders of the Global Depository Receipts (GDRs) shall exercise voting rights in respect of the GDS by
issue of an appropriate proxy or power of attorney in terms of the deposit agreement pertaining to the GDRs.
-
Shares issued upon conversion of ADSs will rank pari passu with existing Ordinary shares of
`
2/- each in all respects including
entitlement of the dividend declared.