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180
Sixty-Seventh Annual Report 2011-2012
NOTESFORMINGPARTOFCONSOLIDATEDFINANCIALSTATEMENTS
(
`
in crores)
2.
Share capital
As at
As at
March31,
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, subscribedand fullypaid :
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
(i)
Ordinary shares :
No. of Shares
(
`
in crores)
No. of Shares
(
`
in crores)
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)
-
-
8,320,300 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
Subdivison 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’Ordinaryshares :
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
Subdivison 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 attaching 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 of
`
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 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 shareholders meeting and is to be decided on a show of hands, the holders of ‘A’Ordinary shares shall
be entitled to the same number of votes as available to holders of Ordinary shares.
(iii)
AmericanDepository Shares (ADSs) andGlobal 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.