a. Further, of the above
1,805,071 equity shares thereof are deemed to be issued by way of Euro
Equity Issue represented by Global Depository Receipts (GDR) evidencing
Global Depository Shares outstanding on the record date. Outstanding
GDRs at the close of the year were 37,532 (41,132)
b. Terms/rights attached to equity shares
The Company has only one class of equity shares having a par value of
Rs.5 per share. Each holder of equity shares is entitled to one vote per
share. The interim dividend declared by the Board of Directors and the
dividend proposed by the Board of Directors and approved by the
shareholders in the annual general meeting is paid in Indian rupees. 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. Shares reserved for issue at a subsequent date
20,408 (26,677) equity shares of Rs.5 each offered by way of right in an
earlier year, have been held in abeyance pending adjudication of title
and subscription thereafter.
1. Segment information
Segment information based on consolidated financial statements is given
in note 33 to consolidated financial statements.
The Company has disclosed the business segments as primary reporting
segment on the basis that risks and returns are primarily determined by
the nature of products and services. Consequently, geographical segment
has been considered as a secondary segment.
The business segments have been identified on the basis of the nature
of products and services, the risks and returns and internal
performance reporting systems.
The business segments comprise the following:
iii. Retail financing
iv. Investments and others
29 Since the Company is no longer registered with RBI under section
45IA of the Reserve Bank of India Act, 1934, the requirement of
creating a Reserve fund in terms of section 45-IC(1) (called as
''Reserve fund'' hereinafter) of the Reserve Bank of India Act,
20% of the profit to the Reserve fund does not arise. Consequently, no
amount has been transferred to the said Reserve fund during the year
2015-16 and balance in Reserve fund of Rs.120.10 crore has been
transferred to Surplus in Statement of Profit and Loss.
30 The consolidated financial statements of the Company alongwith its
subsidiaries and joint venture are attached to these standalone
financial statements. The details of the group regarding the nature of
relationship and the basis of consolidation can be referred to in note
1 to the said consolidated financial statements.
2. Previous year figures
Previous year figures have been regrouped wherever necessary to make
them comparable with those of the current year.
a. Rs.1 crore is equal to Rs.10 million.
b. Amounts less than Rs.50,000 have been shown at actual against
respective line items statutorily required to be disclosed.