17. Other equity As at 31 March 2023 31 March 2022 Reserves and Surplus Capital reserve (14.97) (14.97) Capital redemption reserve 8.10 8.10 Securities premium 368.62 378.41 Warrants money appropriated 31.87 31.87 General reserve 842.74 842.74 Retained earnings 5,558.79 5,097.91 6,795.15 6,344.06 Item of OCI Changes in fair value of equity instruments (0.46) (0.55) (0.46) (0.55) 6,794.69 6,343.51 Nature and purpose of reserves Securities premium The amount received in excess of face value of the equity shares, net off issue expenses, is recognised in the securities premium. This reserve will be utilised in accordance with the provisions of Section 52 of the Companies Act, 2013 (“the Act”). Capital reserve The excess of net assets taken, over the consideration paid, as part of the business combinations have been recorded under the capital reserve during the earlier years. Capital redemption reserve Capital redemption reserve was created on buy back of equity shares in the earlier years. The Company uses capital redemption reserve in accordance with the provisions of the Act. Warrants money appropriated Warrants money appropriated represents forfeiture of share application money made during the earlier years. General reserve The reserve has arisen on transfer of a portion of the net profi t pursuant to the provisions of the erstwhile Companies Act, 1956. Mandatory transfer to general reserve is not required under the Act. Changes in fair value of equity instruments This represents the cumulative gains and losses arising on the fair valuation of equity instruments measured at FVTOCI, under an irrevocable option, net of amounts reclassifi ed to retained earnings when such assets are disposed off . Retained earnings Retained earnings are the profi ts that the Company has earned till date, less any transfers to general reserve, dividends or other distribution to the shareholders. Summary of the significant accounting policies and other explanatory information (All amounts in ` millions, except share data and where otherwise stated) 281 Consolidated | Financial Statements
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