Page 253 - Hitachi IR 2025

f. Shares held by promoters
As at March 31, 2025
Name of the promoters No. of
shares at the
beginning of
the year
Changes during
the year
No. of shares
at the end of
the year
% of total
Shares
% change
during the year
Equity shares of ` 2 each,
fully paid up
Hitachi Energy Ltd - the
holding company
31,786,256- 31,786,256 71.31% -3.69%
As at March 31, 2024
Name of the promoters No. of
shares at the
beginning of
the year
Changes during
the year
No. of shares
at the end of
the year
% of total
Shares
% change
during the year
Equity shares of ` 2 each,
fully paid up
Hitachi Energy Ltd - the
holding company
31,786,256 - 31,786,256 75.00% -
g. Aggregate number of shares issued for consideration other than cash during the period of five years
immediately preceding the reporting date:
The Board of directors of ABB India Limited on March 5, 2019 approved the Scheme of Arrangement under
Sections 230-232 and other applicable provisions of the Companies Act, 2013 (‘the Scheme’) between
ABB India Limited (‘transferor Company’), ABB Power Products and Systems India Limited (‘Resulting
Company’ or ‘APPSIL’) and their respective shareholders and creditors for the demerger of Power Grid
business from ABB India Limited into the Company. The appointment date for the Scheme was April 01,
2019. The Scheme was approved by National Company Law Tribunal (NCLT), Bengaluru Bench vide its
order dated. November 27, 2019 and a certified copy has been filed by the Company with the Registrar
of Companies, Bengaluru, on December 1, 2019 (effective date). Pursuant to the aforesaid Scheme, on
December 24, 2019, the Company issued 42,381,675 number of fully paid equity shares having face value
of ` 2 each to the existing equity shareholders of ABB India Limited in the proportion of 1 share for every 5
shares held. Further, 50,000 number of shares issued to the ABB India Limited at the time of incorporation
of the Company was cancelled as per the aforesaid Scheme.
17 OTHER EQUITY
All amount in Indian Rupees in Crores, except as stated otherwise
March 31, 2025 March 31, 2024
a) Securities premium
Opening balance 9.80 9.80
Changes during the year:
On issue of equity share capital through QIP (refer note 16 (b)) 2,520.38 -
Share issue expenses (net of tax) (29.19) -
Closing balance 2,500.99 9.80
b) Retained earnings
Opening balance 835.87 691.31
Changes during the year:
Net profit for the year 383.98 163.78
Other comprehensive income (net of tax) (4.42) (4.81)
Less: Appropriations during the year: Equity dividend (16.95) (14.41)
Closing balance 1,198.48 835.87
Integrated Annual Report 2024-25
251