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Shaping the future of software driven business
Unconsolidated Financials •
287
Where the terms of an equity-settled transaction award are modified, the minimum expense recognized is the expense as
if the terms had not been modified, if the original terms of the award are met. An additional expense is recognized for any
modification that increases the total fair value of the share-based payment transaction or is otherwise beneficial to the
employee as measured at the date of modification.
The employee stock option expenses in respect of the employees of the subsidiaries are charged to the respective
subsidiary.
4. Share capital
As at March 31, 2019
In
`
Million
As at March 31, 2018
In
`
Million
Authorized shares (No. in million)
200 (Previous year: 200) equity shares of
`
10 each
2,000.00
2,000.00
2,000.00
2,000.00
Issued, subscribed and fully paid-up shares (No. in million)
79.12 (Previous year: 80) equity shares of
`
10 each
791.19
800.00
Issued, subscribed and fully paid-up share capital
791.19
800.00
a) Reconciliation of the shares outstanding at the beginning and at the end of the year
The reconciliation of the number of shares outstanding and the amount of share capital is set out below:
(In Million)
As at
March 31, 2019
As at
March 31, 2018
No of shares Amount
`
No of shares
Amount
`
Number of shares at the beginning of the year
80.00 800.00
80.00 800.00
Less: Shares bought back
0.88
8.81
-
-
Number of shares at the end of the year
79.12 791.19
80.00 800.00
b) Terms / rights attached to equity shares
The Company has only one class of equity shares having a par value of
`
10 per share. Each holder of equity shares is
entitled to one vote per share. The Company declares and pays dividends in Indian rupees. The dividend proposed by the
Board of Directors is subject to the approval of the shareholders in the ensuing Annual General Meeting.
The Company declared an interim dividend of
`
8 per share on the face value of
`
10 each for the Financial Year 2018-19.
In the event of liquidation of the Company, the holders of equity shares will be entitled to receive remaining assets of
the Company, after distribution of all preferential amounts. The distribution will be in proportion to the number of equity
shares held by the shareholders.
c) Aggregate number of bonus shares issued, shares issued for consideration other than cash and shares bought
back during the period of five years immediately preceding the reporting date
For the period of
five years ended
March 31, 2019
No in Million
For the period of
five years ended
March 31, 2018
No in Million
Equity shares allotted on March 12, 2015 as fully paid bonus shares by
capitalization of securities premium
`
400 million
40.00
40.00
Equity shares bought back
0.88
-
Notes forming part of financial statements (Contd.)