annual-report-FY2020

259 MAHINDRA & MAHINDRA LTD. INTEGRATED ANNUAL REPORT 2019-20 14. Equity Share Capital Rupees crores Particulars 2020 2019 Authorised: 8,10,00,00,000 (2019: 8,10,00,00,000) Ordinary (Equity) Shares of Rs. 5 each...................................................... 4,050.00 4,050.00 25,00,000 Unclassified Shares of Rs. 100 each......................................................................................................... 25.00 25.00 4,075.00 4,075.00 Issued and Subscribed and Paid-up: 1,24,31,92,544 (2019: 1,24,31,92,544) Ordinary (Equity) Shares of Rs. 5 each fully paid up............................... 621.60 621.60 Less: 5,01,52,865 (2019: 5,16,05,412) Ordinary (Equity) Shares of Rs. 5 each fully paid up issued to ESOP Trust but not yet allotted to employees.................................................................................................................................. 25.08 25.80 Adjusted Issued, Subscribed and Paid-up Share Capital ........................................................................................ 596.52 595.80 a. Reconciliation of number of Ordinary (Equity) Shares and amount outstanding: Particulars 2020 2019 No. of Shares Rupees Crores No. of Shares Rupees Crores Issued, Subscribed and Paid-up: Balance as at the beginning of the year ................................................ 1,24,31,92,544 621.60 1,24,31,92,544 621.60 Less: Shares issued to ESOP Trust but not allotted to Employees........ 5,01,52,865 25.08 5,16,05,412 25.80 Adjusted Issued, Subscribed and Paid-up Share Capital ....................... 1,19,30,39,679 596.52 1,19,15,87,132 595.80 b. The Ordinary (Equity) Shares of the Company rank pari-passu in all respects including voting rights and entitlement to dividend. c. Details of Ordinary (Equity) Shares held by shareholders holding more than 5% of the aggregate shares in the Company’s Issued, Subscribed and Paid-up: Name of the Shareholder 2020 2019 No. of Shares % Shareholding No. of Shares % Shareholding Prudential Management and Services Pvt. Ltd....................................... 14,15,21,940 11.38 14,15,21,940 11.38 Life Insurance Corporation of India........................................................ 13,42,61,077 10.80 12,32,82,698 9.92 M&M Benefit Trust.................................................................................... 8,44,70,428 6.79 10,36,70,428 8.34 J.P. Morgan Chase Bank, N.A (for GDR Holders).................................... 6,21,89,746 5.00 6,17,40,932 4.97 d. For the period of preceding five years as on the Balance Sheet date, Issued, Subscribed and Paid-up Share Capital includes: i. Aggregate of 5,03,888 (2019: 5,03,888) Ordinary (Equity) Shares of Rs. 5 each allotted as fully paid-up pursuant to Scheme of Arrangement without payment being received in cash. ii. Aggregate of 62,15,96,272 (2019: 62,15,96,272) Ordinary (Equity) Shares allotted as fully paid up by way of bonus shares. 15. Other Equity Details of Dividends proposed: Rupees crores Particulars 2020 2019 Dividend per share (Rupees).................................................................................................................................... 2.35 8.50 Dividend on Equity Shares. ...................................................................................................................................... 292.15 1,056.71 Dividend Distribution Tax......................................................................................................................................... — 130.64 Total Dividend including Dividend Distribution Tax .............................................................................................. 292.15 1,187.35 The Union Budget 2020-21 has proposed to abolish Dividend Distribution Tax (DDT) payable by the Company on dividends declared on or after 1 April 2020.