Good Health Can’t Wait.

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Good Health Can’t Wait. Dr. Reddy’s Laboratories Limited NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (All amounts in Indian Rupees millions, except share data and where otherwise stated) NOTE 2: NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 2.1: SHARE CAPITAL PARTICULARS AS AT 31 MARCH 2015 AS AT 31 MARCH 2014 Authorised 240,000,000 (previous year: 240,000,000) equity shares of ` 5/- each 1,200 1,200 Issued 170,381,374 (previous year: 170,109,068) equity shares of ` 5/- each fully paid-up 852 851 Subscribed and fully paid-up 170,381,174 (previous year: 170,108,868) equity shares of ` 5/- each fully paid-up 852 851 Add: Forfeited share capital (e) - 852 - 851 852 851 (a) Reconciliation of the equity shares outstanding is set out below: PARTICULARS AS AT 31 MARCH 2015 NO. OF EQUITY SHARES AMOUNT NO. OF EQUITY SHARES AS AT 31 MARCH 2014 AMOUNT Number of shares outstanding at the beginning of the year 170,108,868 851 169,836,475 849 Add: Equity shares issued pursuant to employee stock option plan 272,306 1 272,393 2 Number of shares outstanding at the end of the year 170,381,174 852 170,108,868 851 (b) Terms / rights attached to the equity shares 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. The Company declares and pays dividends in Indian rupees. During the year ended 31 March 2015, the amount of per share dividend recognized 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 shareholders in the ensuing Annual General Meeting. 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 their shareholding. (c) Details of shareholders holding more than 5% shares in the Company PARTICULARS AS AT 31 MARCH 2015 NO. OF EQUITY SHARES HELD % OF EQUITY SHARES HELD AS AT 31 MARCH 2014 NO. OF EQUITY SHARES HELD % OF EQUITY SHARES HELD Dr. Reddy’s Holdings Limited 39,729,284 23.32 39,729,284 23.35 First State Investments Management (UK) Limited, First State Investments International Limited and their associates* 14,389,390 8.45 14,056,799 8.26 * Does not include ADR holding (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 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 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 Stock Option Plan 2007”. (Refer note 2.32) (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 non-payment of allotment money. 180
Consolidated Financial Statements Annual Report 2014 - 15 NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (All amounts in Indian Rupees millions, except share data and where otherwise stated) 2.2: RESERVES AND SURPLUS PARTICULARS AS AT 31 MARCH 2015 AS AT 31 MARCH 2014 Capital reserve Balance at the beginning of the year 267 267 Movement during the year - - 267 267 Capital Redemption reserve (a) Balance at the beginning of the year 148 - Movement during the year - 148 148 148 Securities premium account Balance at the beginning of the year 19,157 18,815 Add: Employee stock options exercised during the year 434 342 19,591 19,157 Employee stock options outstanding* Balance at the beginning of the year 815 689 Add: Amortisation during the year, net of forfeiture 519 468 Less: Employee stock options exercised during the year (429) (342) 905 815 * Net of deferred employee stock compensation of ` 713 (previous year: ` 482) General reserve Balance at the beginning of the year 15,661 11,189 Add: Transferred from surplus 1,679 1,933 Add: Transferred from debenture redemption reserve - 2,539 17,340 15,661 Foreign currency translation reserve Balance at the beginning of the year 3,773 3,810 Movement during the year (1) (37) 3,772 3,773 Hedging reserve Balance at the beginning of the year (1,910) (391) Movement during the year 99 (1,519) (1,811) (1,910) Debenture redemption reserve Balance at the beginning of the year - 1,712 Add: Transferred from surplus - 827 Less: Transferred to general reserve - (2,539) - - Surplus Balance at the beginning of the year 39,890 26,751 Add: Current year profit 23,364 19,632 Amount available for appropriations 63,254 46,383 Less: Appropriations: Proposed dividend on equity shares 3,408 3,062 Tax on proposed dividend 694 520 Dividend of previous years 6 3 Transferred to debenture redemption reserve - 827 Transferred to capital redemption reserve - 148 Transferred to general reserve 1,679 1,933 Balance carried forward 57,467 39,890 97,679 77,801 (a) Capital redemption reserve represents reserve created during the year ended 31 March 2014 on account of redemption of preference shares in Aurigene Discovery Technologies Limited. 181
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ANNUAL REPORT 2014-15 Good Health C
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The future belongs, not to those wh
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