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121
annual
report
20
16-17
kajaria
ceramics
corporate
overview
management
reports
Financial
statements
13. Equity share capital
(contd...)
B. Terms/Rights attached to equity shares
The company has only one class of equity share having face value of Re 1/- per share ( 31 March 2016:
`
2/- refer note ‘C’).The
holder of the equity shares is entitled to receive dividend as declared from time to time. The dividend proposed by the Board of
Directors is subject to approval of the shareholders in ensuing annual general meeting. The holder of share is entitled to voting
rights proportionate to their share holding.
In the event of liquidation of the Company, the holders of equity shares will be entitled to receive assets of the Company
remaining after settlement of all liabilities. The distribution will be in proportion to the number of equity shares held by the
shareholders.
C. Share Spilt during the current year
The equity shares of the Company were split off from face value of
`
2/- each to
`
1/- each. In this regard, the Board of Directors
of the Company has accorded its approval at its meeting held on June 16, 2016 and shareholders have approved the same at
the Annual General Meeting held on August 24, 2016. Accordingly, NSE & BSE have changed the face value of equity shares of
the Company w.e.f. October 4, 2016 and consequently equity shares of the company changed from 7,94,69,000 of
`
2/- each
to 15,89,38,000 of
`
1/- each.
D. Following shareholders hold equity shares more than 5% of the total equity shares of the Company:
Name of Shareholder
31 March 2017
31 March 2016
1 April 2015
Number of
shares held
having face
value of
`
1 each
% of
holding
in class
Number of
shares held
having face
value of
`
2
each
% of
holding in
class
Number of
shares held
having face
value of
`
2
each
% of
holding
in class
Kajaria Exports Private
Limited
-
-
15,311,999
19.27% 15,311,999
19.27%
Kajaria Securities Private
Limited
64,365,138
40.50% 6,581,905
8.28% 6,581,905
8.28%
Pearl Tile Marketing Private
Limited
-
-
5,080,240
6.39% 5,080,240
6.39%
Cheri Ceramics Private
Limited
-
-
5,088,385
6.40% 5,088,385
6.40%
Jwalamukhi Investment
Holding
-
-
4,848,823
6.10% 6,245,005
7.86%
Westbridge Crossover Fund
LLC
11,770,840
7.41% 5,885,420
7.41% 5,885,420
7.41%
E. Consolidation of promoter group Companies
Pursuant to the Composite Scheme of Arrangement approved by the Hon’ble High Court of Punjab & Haryana on April 29,
2016, the erstwhile promoter companies namely, Kajaria Exports Private Limited, Pearl Tile Marketing Private Limited and Cheri
Ceramics Private Limited stands merged (‘Merged entities’) with another promoter company i.e. Kajaria Securities Private Limited
(KSPL). Accordingly, the shareholding of the merged entities in the Company have been transferred to KSPL.
F. Preference share capital
The Company also has authorised preference share capital of 10,00,000 shares (31 March 2016: 10,00,000, 1 April 2015:
10,00,000) of
`
100 each
Notes on the standalone financial statements
for the year ended 31 March 2017