183
NOTES FORMING PART OF CONSOLIDATED FINANCIAL STATEMENTS
(i)
Number of shares held by each shareholder holding more than 5 percent of the issued share capital
As at March 31, 2014
As at March 31, 2013
% of Issued
share capital
No. of shares
% of Issued
share capital
No. of
shares
(i)
Ordinary shares :
(a)
Tata Sons Limited
25.67% 70,23,33,345
25.93% 70,23,33,345
(b)
Tata Steel Limited
5.40% 14,78,10,695
5.46% 14,78,10,695
(c)
Citibank N A as Depositary
#
58,16,74,545
#
49,80,91,115
(ii)
‘A’Ordinary shares :
(a)
Matthews Asia Dividend Fund
6.93% 3,33,95,515
*
-
(b)
HSBC Global Investment Funds a/c HSBC Global Investment Funds Mauritius Ltd
6.04% 2,90,86,664
5.97% 2,87,89,306
(c)
HDFC Trustee Co Limited - HDFC Top 200 Fund
*
-
6.10% 2,93,87,761
(d)
HDFC Trustee Co Limited - HDFC Equity Fund
*
-
5.37% 2,58,78,932
#
held by Citibank, N.A. as depositary for American Depositary Receipts (ADRs) and Global Depositary Receipts (GDRs)
*
Less than 5%
(j)
Information regarding issue of shares in the last five years
(i)
The Company has not issued any shares without payment being received in cash.
(ii)
There has been no issue of bonus shares.
(iii)
The Company has not undertaken any buy-back of shares.
(k)
The entitlements to 4,84,470 Ordinary shares of
`
2 each (as at March 31, 2013 : 4,91,875 Ordinary shares of
`
2 each) and 2,39,570 ‘A’Ordinary shares of
`
2 each (as at March
31, 2013: 2,46,895 ‘A’Ordinary shares of
`
2 each) are subject matter of various suits filed in the courts / forums by third parties for which final order is awaited and hence kept
in abeyance.
(h)
Rights, preferences and restrictions attached to shares :
(i) Ordinary shares and ‘A’ Ordinary shares both of
`
2 each :
The Company has two classes of shares – the Ordinary shares and the ‘A’ Ordinary shares both of
`
2 each (together referred to as shares).
In respect of every Ordinary share (whether fully or partly paid), voting rights shall be in the same proportion as the capital paid up on such
Ordinary share bears to the total paid up Ordinary share capital of the Company. In case of every ‘A’Ordinary share, if any resolution is put to vote
on a poll or by postal ballot at any general meeting of shareholders, the holder shall be entitled to one vote for every ten ‘A’Ordinary shares held
as per the terms of its issue and if a resolution is put to vote on a show of hands, the holder of ‘A’ Ordinary shares shall be entitled to the same
number of votes as available to holders of Ordinary shares.
l
The dividend proposed by the Board of Directors is subject to the approval of the shareholders in the ensuing Annual General Meeting. Further,
the Board of Directors may also announce an interim dividend. The holders of ‘A’ Ordinary shares shall be entitled to receive dividend for each
financial year at five percentage point more than the aggregate rate of dividend declared on Ordinary shares for that financial year.
l
In the event of liquidation, the shareholders are eligible to receive the remaining assets of the Company after distribution of all preferential
amounts, in proportion to their shareholdings.
(ii) American Depositary Shares (ADSs) and Global Depositary Shares (GDSs) :
l
Each ADS and GDS underlying the ADR and GDR respectively represents five Ordinary shares of
`
2 each. A holder of ADS and GDS is not entitled
to attend or vote at shareholders meetings. An ADS holder is entitled to issue voting instructions to the Depositary with respect to the Ordinary
shares represented by ADSs only in accordance with the provisions of the Company’s ADS deposit agreement and Indian Law. The depositary
for the ADSs and GDSs shall exercise voting rights in respect of the deposited shares by issue of an appropriate proxy or power of attorney in
terms of the respective deposit agreements.
l
Shares issued upon conversion of ADSs and GDSs will rank pari passu with existing Ordinary shares of
`
2 each in all respects, including entitlement
of the dividend declared.
l
Independent Auditors’Report
Balance Sheet
(176-206)
Statement of Profit and Loss
Cash Flow Statement
Notes to Accounts
