Page 251 - Arvind 2024

Corporate Overview Statutory Reports Financial Statements
Notes to Consolidated Financial Statements for the year ended 31st March, 2024 (Amount in Rs. Lac, unless stated otherwise)
Share based payment reserve
The share options based payment reserve is used to recognise the grant date fair value of options issued to employees under Employee stock option plan.
Retained Earnings
The cumulative gain or loss arising from the operations which is retained by the group is recognised and accumulated under the head of retained earnings.
Capital Reserve
Capital reserve on consolidation represents excess of fair value of net assets acquired over consideration paid.
Distribution Proposed
Proposed dividends on Equity shares
Proposed dividend for the year ended on 31 March 2024: Rs.3.5 per share (31 March 2023: Rs.3.30 per share) (Refer Note Below)
1,495.30
Particulars
March 31, 2024
March 31, 2023
1,587.04
The Board of Directors recommended a final dividend of Rs.2.5 per equity share (31 March 2023: Rs.1.65/- per share) and special dividend of Rs.1 per equity share (31 March 2023: Rs.1.65/- per share) , totalling to a dividend of Rs.3.5 per equity share (31 March 2023: Rs.3.30 per share) of face value of Rs.10 each , for the financial year ended March 31, 2024.
Proposed dividends on equity shares are subject to approval at the annual general meeting and is not recognised as a liability as at 31 March, 2024.
14 Borrowings (at amortised cost)
Non-current borrowings
Vehicle loans from banks (Secured)
Term loans (Secured):
- From Banks
- From Financial institutions
Debentures
Total
Less : Current maturities of long term borrowings disclosed under other financial liabilities
Total
Current borrowings
Current maturities of long term borrowings
Total
Nature of Securities on above Loans:
7.25% - 9.5%
2024-2029
226.89
4,048.32 986.28 9,239.36
14,500.84
(230.09)
14,270.75
230.09
230.09
Particulars
Effective Rate of Interest
Maturity
March 31, 2024
March 31, 2023
357.67
5,950.01
-
4,344.04
10,651.72
(1,556.92)
9,094.81
1,556.92
1,556.92
9% - 10% 2025
10% - 11% 2027
3% / 9% Coupon
2031-2032
1. 2. 3.
Term loan taken and outstanding of Rs. NIL (March 31, 2023 : Rs.4095.98 Lac) and overdraft facility from ICICI Bank Limited is secured by first mortgage of unsold units of project “Arvind Aavishkaar” and “Arvind Oasis” together with hypothecation of receivables from the same projects.
Term loan taken and outstanding of Rs.6000 Lac (March 31, 2023 : Rs.1,000 Lac) from TATA Capital Limited is secured by way of mortgage of NA land at project Uplands township situated at Nasmed village, Gandhinagar owned by Ahmedabad East Infrastructure LLP (Subsidiary Company).
Vehicle loans amounting to Rs.357.67 Lac (March 31, 2023 : Rs.226.89 Lac) are secured by respective vehicles.
Annual Report 2023-24 | 249