annual-report-FY2021

326 COMPANY OVERVIEW BOARD’S REPORT MANAGEMENT DISCUSSION AND ANALYSIS CORPORATE GOVERNANCE BUSINESS RESPONSIBILITY REPORT STANDALONE ACCOUNTS CONSOLIDATED ACCOUNTS 15. Equity Share Capital Rupees crores Particulars 2021 2020 Authorised : 8,10,00,00,000 (2020: 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, Subscribed and Paid-up: 1,24,31,92,544 (2020: 1,24,31,92,544) Ordinary (Equity) Shares of Rs. 5 each fully paid up............................... 621.60 621.60 Less: 4,84,24,163 (2020: 5,01,52,865) Ordinary (Equity) Shares of Rs. 5 each fully paid up issued to M&M ESOP trust but not yet allotted to employees. ................................................................................................................. 24.21 25.08 Less: 8,44,70,428 (2020: 8,44,70,428) Ordinary (Equity) Shares of Rs. 5 each fully paid up issued to M&M benefit trust ............................................................................................................................................................................. 42.24 42.24 Adjusted Issued, Subscribed and Paid-up................................................................................................................ 555.15 554.28 (a) Reconciliation of number of Ordinary (Equity) Shares and amount outstanding : Particulars 2021 2020 No. of Shares Rupees Crores No. of Shares Rupees Crores Issued, Subscribed and Paid-up : Opening balance ...................................................................................... 1,24,31,92,544 621.60 1,24,31,92,544 621.60 Less : Shares issued to M&M ESOP Trust but not yet alloted to Employees... 4,84,24,163 24.21 5,01,52,865 25.08 Shares issued to M&M Benefit Trust. ...................................................... 8,44,70,428 42.24 8,44,70,428 42.24 Adjusted Issued, Subscribed and Paid-up Share Capital ....................... 1,11,02,97,953 555.15 1,10,85,69,251 554.28 (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 2021 2020 No. of Shares % Shareholding No. of Shares % Shareholding Prudential Management & Services Private Limited.............................. 14,15,21,940 11.38 14,15,21,940 11.38 Life Insurance Corporation of India. ....................................................... 10,22,25,615 8.22 13,42,61,077 10.80 M&M Benefit Trust.................................................................................... 8,44,70,428 6.79 8,44,70,428 6.79 J.P. Morgan Chase Bank, N.A. (for GDR holders). .................................. 3,58,41,803 2.88 6,21,89,746 5.00 (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 (2020: 5,03,888) Ordinary (Equity) Shares of Rs. 5 each allotted as fully paid-up pursuant to Schemes of Arrangement without payment having been received in cash. ii) Aggregate of 62,15,96,272 (2020: 62,15,96,272) Ordinary (Equity) Shares of Rs. 5 each allotted as fully paid-up by way of bonus shares. 16. Other Equity Details of dividend proposed 2021 2020 Proposed Dividend per equity share (Rs.) .............................................................................................................. 8.75 2.35