 

Go Fashion (India) Limited (formerly known as Go Fashion (India) Private Limited}
Notes to the restated consolidated financial information
(Amount in Millions, except for share data or as otherwise stated)

 

   

 

   

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    

 

 

 

 

 

 

 

Note
No.
16 Equi
Asat
‘3i/Mar/2019

No.of z

shares
‘Authorised
Equity shares of & 10/- each with voting rights 31,000,000 310.00
Preference shares of & 100/- each 4,900,000, 490.00
Issued, subscribed and fully paid
Equity shares of & 10/- each with voting rig 30,000,120 300.00
Preference shares 0.01% Series A Compulsorily convertible cumulative preference shares of & 100 each fully paid up [‘Series A 2,499,615 249.96
ccPs]
Preference shares 0.01% Series B Compulsorily convertible cumulative preference shares of € 100 each fully paid up [Series B 2,399,860 239.99
ccs]
Total 789.95
Particulars ‘Asat

31-Mar-19
Equity Share | Series A Series BCCPS
ccps
Balance at the beginning of the current reporting year 249.96 239.99
Changes in Share Capital due to prior period errors n - :
Restated balance at the beginning of the current reporting year “ : =
Changes in share capital during the current year 200.00 : «
Balance at the end of the current reporting year 300.00] 249.96 239,99
(@) Reconciliation of the number of shares outstanding at the beginning and at the end of the year
Particulars Asat
‘3i/Mar/2019

No.of z

shares
Equity shares of € 10/- each with voting rights
At the commencement of the year 10,000,040 100.00
Issue of bonus shares 20,000,080 200.00
At the end of the year 30,000,120 300.00
Series A CCPS
At the commencement of the year 2,499,615 249.96
Changes during the year : :
“At the end of the year 2,499,615 249.96
Series B CCPS
At the commencement of the year 2,399,860 239.99
Changes during the year 3
At the end of the year 2,399,860 239.99

 

 

 

 

(b) Terms/ rights attached to equi
‘The Company has only one class of shares referred to as equity shares having a nominal value of & 10. Accordingly, all equity shares rank equally with regard to
dividends and share in the company's residual assets. The equity shares are entitled to receive dividend as declared from time to time subject to payment of dividend
to preference shareholders. The voting rights of an equity shareholder on a poll (not on show of hands) are in proportion to its share of the paid-up equity capital of the
company. Voting rights cannot be exercised in respect of shares on which any call or other sums presently payable have not been paid. Failure to pay any amount
called up on shares may lead to forfeiture of the shares.

 

shares

   

‘On winding up of the company, the holders of equity shares will be entitled to receive the residual assets of the company, remaining after distribution of all preferential
‘amounts in proportion to the number of equity shares held,

(©) Terms/ rights attached to preference shares
Paid up preference shares of the Company compris
24,99,615, 0.01% Series A Compulsorily Convertible Cumulative preference shares of Rs 100 each, allotted to Sequoia Capital India Investments IV. The shares are
convertible at the option of holder of the preference shares at a fixed number of shares at the ratio of 1:6, upon the earlier of (i) | day prior to the expiry of 20 years
from the First Closing Date; or (ii) in connection with a IPO, prior to filing of a prospectus by the Company.

of

 

  

23,99,860, 0.01% Series B Compulsorily Convertible Cumulative preference shares of Rs 100 each, allotted to India Advantage Fund S4 1 (22,07,634 series) and
Dynamic India Fund $4 US 1 (192,226 series). These shares may be converted to equity shares at any time at the option of the shareholder, at a fixed number of shares
at the ratio of 1:3, upon the earlier of (i) I day prior to the expiry of 20 years from the First Closing Date; or (ii) in connection with a IPO, prior to filing of a
prospectus by the Company.

Preference shares carry a preferential right as to dividend over equity shareholders. Where dividend on cumulative preference shares is not declared for a financial
‘year, the entitlement thereto is carried forward. The preference shares are entitled to one vote per share at meetings of the company on any resolutions of the company
directly affecting their rights. However, a cumulative preference shareholder acquires voting rights on par with an equity shareholder if the dividend on preference
shares has remained unpaid for a period of not less than two years. In the event of liquidation, preference shareholders have a preferential right over equity
shareholders to be repaid to the extent of capital paid-up and dividend in arrears on such shares.

During the year 2018-19, the company has allotted bonus shares in the ratio 1:2 for equity shareholders. Preference shareholders are eligible for bonus shares at the
time of conversion.

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