Annual Report 2011 - 2012 - United Breweries Limited

Preference Shares
Notes to Financial Statements (contd.)
(All amounts in Rs.lacs, unless otherwise stated)
As at March 31, 2012 As at March 31, 2011
Nos. Rs. Nos. Rs.
Preference shares - Series A
Balance as at the beginning of the year 17,283,000 17,283 17,283,000 17,283
Issued during the year — — — —
Redeemed during the year 17,283,000 17,283 — —
Outstanding at the end of the year — — 17,283,000 17,283
Preference shares - Series B
Balance as at the beginning of the year 7,407,000 7,407 7,407,000 7,407
Issued during the year — — — —
Redeemed during the year — — — —
Outstanding at the end of the year 7,407,000 7,407 7,407,000 7,407
b) Rights, preferences and restrictions attached to shares
Equity Shares: The company has one class of equity shares having a par value of Re.1 per share. Each shareholder
is eligible for one vote per share held. 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 equity shareholders are eligible to receive the remaining assets of the Company after distribution
of all preferential amounts, in proportion to thteir shareholding.
3% Redeemable preference shares - Series A: 172,83,000, 3% Redeemable preference shares of Rs.100
each were issued in April 2005 to the Scottish & Newcastle India Limited. These shares have been redeemed on
April 14, 2011. In the event of liquidation, the preference shareholders are eligible to receive the paid up value
of the preference shares along with arrears of preference dividend, if any out of the remaining assets of the
company in preference to equity shareholders.
3% Redeemable preference shares - Series B: 74,07,000, 3% Redeemable preference shares of Rs.100 each
were issued in April 2005 to the Scottish & Newcastle India Limited. These shares are redeemable at par at the
earliest on March 31, 2015. In the event of liquidation, the preference shareholders are eligible to receive the
paid up value of the preference shares along with arrears of preference dividend, if any out of the remaining
assets of the company in preference to equity shareholders.
c) Details of shares held by shareholders holding more than 5% of the aggregate shares in the
Company
As at March 31, 2012 As at March 31, 2011
Nos.
% holding
in the class
Nos.
% holding in
the class
Equity shares of Re.1 each fully paid
Scottish & Newcastle India Limited 89,994,960 34.04% 89,994,960 35.36%
United Breweries Holdings Limited 30,295,911 11.46% 30,295,911 11.90%
Dr. Vijay Mallya 21,353,620 8.09% 21,353,620 8.39%
Preference shares of Rs.100 each fully paid -
Series A
Scottish & Newcastle India Limited — — 24,690,000 100.00%
Preference shares of Rs.100 each fully paid -
Series B
Scottish & Newcastle India Limited 7,407,000 100.00% 7,407,000 100.00%
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