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Shopper's Stop Limited - Securities and Exchange Board of India

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4. The future minimum rental payments in respect <strong>of</strong> non-cancelable lease for premises as at 31<br />

March 2004 are as follows:<br />

Not later than one year 193<br />

Later than one year <strong>and</strong> not later than five years 430<br />

Later than five years Nil<br />

5. On 31 March 2004 SSL effected a 2:1 share split, pursuant to which the Company<br />

redesignated its equity share capital as follows:<br />

Equity Share<br />

Capital<br />

Before share split After share split<br />

Authorised 40,000,000 shares <strong>of</strong> Rs. 10 each 80,000,000 shares <strong>of</strong> Rs. 5 each<br />

Issued 27,421,875 shares <strong>of</strong> Rs. 10 each 54,843,750 shares <strong>of</strong> Rs. 5 each<br />

Subscribed 27,421,875 shares <strong>of</strong> Rs. 10 each 54,843,750 shares <strong>of</strong> Rs. 5 each<br />

On 30 July 2004 the Company consolidated its shares, pursuant to which the Company<br />

redesignated its equity share capital as follows:<br />

Equity Share<br />

Capital<br />

Before consolidation After consolidation<br />

Authorised 80,000,000 shares <strong>of</strong> Rs. 5 each 40,000,000 shares <strong>of</strong> Rs. 10<br />

each<br />

Issued 54,843,750 shares <strong>of</strong> Rs. 5 each 27,421,875 shares <strong>of</strong> Rs. 10<br />

each<br />

Subscribed 54,843,750 shares <strong>of</strong> Rs. 5 each 27,421,875 shares <strong>of</strong> Rs. 10<br />

each<br />

204

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