AGS Transact Technologies Limited

Annexure VI: Notes to the Ret

 

.d Restated Consolidated Financial Information

(Rs. in million)

 

 

Particulars 31 August 2021 31.March 2021 31March 202031 March 2019
Note 16

Other equity

Securities premium

Balance at the beginning of the year/period 2,364.23 2,364.23 2,364.23 2,364.23
Less: Securities premium on treasury shares® (refer note below) (64.30) (64.30) (6430) (6430)
Premium on share options exercised during the year/period : : :
Balance at the end of the year/period 2,299.93, 2,209.93 2,209.93, 2,209.93,
** Movement of securities premium on treasury shares

Balance at the beginning of the year/period (64.30) (6430) (6430) (66.46)
Share options exercised during the yeariperiod = 2 216
Balance at the end of the year/period (CED) (430) (430) (6430)
General reserve

Balance at the beginning of the year/period 10.00 10.00 10.00 10.00
Add : Movement during the yeariperiod

Balance at the end of the year/period 10.00 10.00 10.00 10.00
Employee stock options reserve

Balance at the beginning of the year/period 137.34 1451 64.12 1292
Add : Movement during the yeariperiod 7.01 22.83 50.39 51.20
Balance at the end of the year/period 144.35, 137.34 11451 6412

Debenture redemption reserve
Balance at the beginning of the year/period 8 - s
|Add : Movement during the year/period
Balance at the end of the year/period

Foreign currency translation reserve

  

     

   

Balance at the beginning of the year/period 33.95 727
|Add : Movement during the year/period 17.57 26.68
Balance at the end of the year/period BLS2 33.95,
Retained earnings

Balance at the beginning of the year/period 1,874.7 1,327.78 655.53, 6.07
Profit / (loss) for the year/period (181.05) 547.92 830.14 661.94
Dividend paid zB - (220.39) :
Dividend distribution tax : - (24.75) .
Dividend on treasury shares (refer note below) : - Lal .
Remeasurements of defined benefit plans for the year/periad (net of tax) 24.88 (0.93) (14.56) (02.48)
‘Transfer to Debenture redemption reserve (550.00)

Balance at the end of the yeariperiod 1,168.60 T8747 T2778

‘Total other equity

Note:

The treasury shares of the Company includes the shares held by the AGSTTL Employee Welfare Trust ("Trust", considered as a branch of the Company). As at 31 August 2021, the Trust held 1,812,000 shares (31
March 2021: 1,812,000 shares, 31 March 2020: 1,812,000, 31 March 2019: 1,812,000) of the Company. This is inclusive of 1,359,000 (31 March 2021: 1,359,000, 31 March 2020: 1,359,000, 31 March 2019:
1,359,000) bonus shares allotted by capitalisation of reserves. The amount equivalent to the face value of the treasury shares has been reduced from share capital and the excess of cost over such face value has been
reduced from securities premium,

Nature and purpose of reserves

Securities premium

Securities premium is used to record the premium received on issue of shares. It is utilised in accordance with the provisions of the Companies Act, 2013.

General reserve

The Company has transferred a portion of the net profit of the Company before declaring dividend to general reserve pursuant to the earlier provisions of Companies Act, 1956. Mandatory transfer to General
reserve is not required under the Companies Act, 2013,

Employee stock options reserve

The Group has established various equity-setiled share-based payment plans for certain categories of employees of the Company and its subsidiaries. Refer note 36 for further details on these plans.

Debenture redemption reserve
Debenture redemption reserve is a statutory reserve (as per Companies Act, 2013) created out of profits of the Company available for payment of dividend for the purpose of redemption of Debentures issued by the
Company. On completion of redemption, the reserve is transferred to retained earnings.

Foreign currency translation reserve

Foreign currency translation reserve comprises of all foreign currency differences arising from the translation of the financial statements of foreign entities.

Retained earnings
Retained earnings are the profits that the Group has earned tll date, less any transfers to general reserve, dividends or other distributions paid to shareholders.

Dividend
Dividend of Rs. 120.39 million (Re. 1 per equity share), including Rs. 1.81 million on treasury shares, has been recommended by the Board of Directors for FY 2020-21 and the same has been approved by
shareholders at the Annual General Meeting held on 21 September 2021,

During the year ended 31 March 2020, the Company has paid dividend of Re. 1 per equity share for the financial year 2018-19,

Dividend of Rs. 120.39 million (Re. 1 per equity share), including Rs. 1.81 million on treasury shares, has been recommended by the Board of Directors for FY 2019-20 and the same was declared subject to
approval of shareholders at the Annual General Meeting. The proposed dividend was nat recognised as a liability in FY 18-19.

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