Good Health Can’t Wait.
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<strong>Good</strong> <strong>Health</strong> <strong>Can’t</strong> <strong>Wait</strong>.<br />
Dr. Reddy’s Laboratories Limited<br />
NOTES TO FINANCIAL STATEMENTS<br />
(All amounts in Indian Rupees millions, except share data and where otherwise stated)<br />
NOTE 2: NOTES TO FINANCIAL STATEMENTS<br />
2.1: SHARE CAPITAL<br />
PARTICULARS<br />
AS AT<br />
31 MARCH 2015<br />
AS AT<br />
31 MARCH 2014<br />
Authorised<br />
240,000,000 (previous year: 240,000,000) equity shares of ` 5/- each 1,200 1,200<br />
Issued<br />
170,381,374 (previous year: 170,109,068) equity shares of ` 5/- each fully paid-up 852 851<br />
Subscribed and fully paid-up<br />
170,381,174 (previous year: 170,108,868) equity shares of ` 5/- each fully paid-up 852 851<br />
Add: Forfeited share capital (e) - 852 - 851<br />
852 851<br />
(a) Reconciliation of the equity shares outstanding is set out below:<br />
PARTICULARS<br />
AS AT<br />
31 MARCH 2015<br />
NO. OF EQUITY<br />
SHARES<br />
AMOUNT<br />
AS AT<br />
31 MARCH 2014<br />
NO. OF EQUITY<br />
SHARES<br />
AMOUNT<br />
Number of shares outstanding at the beginning of the year 170,108,868 851 169,836,475 849<br />
Add: Equity shares issued pursuant to employee stock option plan 272,306 1 272,393 2<br />
Number of shares outstanding at the end of the year 170,381,174 852 170,108,868 851<br />
(b) Terms / rights attached to equity shares<br />
The Company has only one class of equity shares having a par value of ` 5 per share. Each holder of equity shares is entitled to one vote per share.<br />
The Company declares and pays dividends in Indian rupees. During the year ended 31 March 2015, the amount of per share dividend recognized<br />
as distributions to equity shareholders is ` 20 (previous year: `18). The dividend proposed by the Board of Directors is subject to the approval of the<br />
shareholders in the ensuing Annual General Meeting. In the event of liquidation, the equity shareholders are eligible to receive the remaining assets<br />
of the Company after distribution of all preferential amounts, in proportion to their shareholding.<br />
(c) Details of shareholders holding more than 5% shares in the Company<br />
PARTICULARS<br />
AS AT<br />
31 MARCH 2015<br />
NO. OF EQUITY<br />
SHARES HELD<br />
% OF EQUITY<br />
SHARES HELD<br />
AS AT<br />
31 MARCH 2014<br />
NO. OF EQUITY<br />
SHARES HELD<br />
% OF EQUITY<br />
SHARES HELD<br />
Dr. Reddy’s Holdings Limited 39,729,284 23.32 39,729,284 23.35<br />
First State Investments Management (UK) Limited, First State Investments<br />
International Limited and their associates*<br />
14,389,390 8.45 14,056,799 8.26<br />
* Does not include ADR holding.<br />
(d) 585,454 (previous year: 651,674) stock options are outstanding and are to be issued by the Company upon exercise of the same in accordance with<br />
the terms of exercise under the “Dr. Reddy’s Employees Stock Option Plan 2002” and 98,350 (previous year: 97,463) stock options are outstanding<br />
and are to be issued by the Company upon exercise of the same in accordance with the terms of exercise under the “Dr. Reddy’s Employees ADR<br />
Stock Option Plan 2007”. (Refer note 2.30)<br />
(e) Represents 200 (previous year: 200) equity shares of ` 5/- each, amount paid-up ` 500/- (rounded off in millions in the note above) forfeited due to<br />
non-payment of allotment money.<br />
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