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