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• Annual Report 2018-19
Shaping the future of software driven business
Dividend for the financial year 2018-19
The details of the Dividend for the financial year 2017-18 and 2018-19 are as follows:
Financial Year 2018-19
Financial Year 2017-18
Type of Dividend
Interim
Final
(Recommended)
Interim Final
Month of Declaration
January
2019
July 2019
January
2018
July
2018
Amount of Dividend Per Equity Share of
`
10 each (In
`
)
8
3
7
3
% of Dividend
80%
30%
70% 30%
Total Dividend (Amt. in
`
Million)
640.00
230.92*
560.00 240.00
Dividend Distribution Tax) (Amt. in
`
Million)
117.23
47.47*
101.37
20.18
Total Outflow (Including Dividend Distribution Tax)
(Amount in
`
Million)
757.23
278.39*
661.37
260.07
Total Dividend Outflow for the year(Amt. in
`
Million)
1,035.62*
921.53
* The outflow is being considered based on the outstanding capital (
`
769,748,870 comprising of 76,974,887 Equity Shares of
`
10 each) after
considering the shares bought back till May 31, 2019 and which were extinguished till the date of this report.
The payment of final dividend of
`
3 per share is subject to your approval during the 29
th
Annual General Meeting (AGM) of your
Company. The Dividend will be paid out of profits of your Company.
Out of the interim dividend declared in January 2019,
`
0.17 Million remained unclaimed as on March 31, 2019.
The Company has Dividend Distribution Policy and the same has been uploaded on the website at
‘https://www.persistent.com/wp-content/uploads/2016/09/Dividend-Distribution-Policy.pdf’
The above dividend is in compliance with the Dividend Distribution Policy of the Company.
Transfer to reserves
As per the policy of the Company on transfer of surplus profit to reserves, an amount of
`
1,260.03 Million has been transferred
to the General Reserve and an amount of
`
744.00 Million will be retained in the Statement of Profit and Loss after payment of
dividend and tax thereon. The balance in Profit and Loss Account as on March 31, 2019 is
`
9,735.72 Million.
Fixed Deposits
In terms of Sections 73 and 74 of the Companies Act, 2013 (the ‘Act’) read with the relevant Rules, your Company has not
accepted any fixed deposits during the year under report.
Infrastructure
During the financial year 2018-19, the total built-up capacity owned by your Company in India and abroad was 115,478 m
2
which
is adequate for 8,800+ employees.
The details of owned facilities of your Company are as follows:
Location
Year of Acquisition /Completion Total Built-up Area (m
2
)
Total Seating Capacity
Pune
Kapilvastu
1994
202
35
Panini
1998
929
80
Bhageerath
2002
12,170
586
Aryabhata – Pingala
2007
31,680
2,618
Hinjawadi
2012
41,446
3,173
Goa
Charak
1997*
3,280
309
Bhaskar
2014
3,762
411
Nagpur
IT Tower
2003
3,708
352
Gargi and Maitreyi
2011
17,279
1,263
Grenoble, France
2000**
1,022
50
Total
115,478
8,877
* Company started to occupy this premises from October 2005 onwards.
** Company acquired this premises in August 2011 as part of acquisition of the Grenoble team.