|
14 Other equity |
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|
(₹ In Crore) |
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|
Particulars |
As at 31 March |
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|
2026 |
2025 |
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|
|
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|
Reserves and surplus: |
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|
General reserve |
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|
Balance as at the beginning of the year |
6,389.60 |
6,389.60 |
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|
Add: Transferred from surplus in Statement of Profit and Loss |
– |
– |
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|
Balance as at the end of the year |
6,389.60 |
6,389.60 |
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|
|
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|
Retained earnings |
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|
Balance as at the beginning of the year |
24,498.81 |
19,666.70 |
||
|
Profit for the year |
10,744.21 |
7,324.73 |
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|
Items of other comprehensive income recognised directly in retained earnings |
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|
Actuarial gains/(losses) of defined benefit plans |
(1.50) |
15.47 |
||
|
Less: Adjustments on account of change in share of net assets of associate |
– |
(330.88) |
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|
Add: Amount transferred from Share based payment reserve |
6.46 |
67.89 |
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|
Less: Appropriations |
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|
Transfer to statutory reserve |
132.97 |
11.66 |
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|
Final dividend for the year ended 31 March 2025/2024 |
5,864.41 |
2,233.44 |
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|
Total appropriations |
5,997.38 |
2,245.10 |
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|
Balance as at the end of the year |
29,250.60 |
24,498.81 |
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|
|
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|
Other reserves: |
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|
Statutory reserve |
144.63 |
11.66 |
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|
Cash flow hedging reserve [See note 40] |
3.03 |
(24.28) |
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|
Foreign exchange difference of subsidiary on paid-up capital |
0.30 |
0.27 |
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|
Foreign currency translation reserve |
767.27 |
911.75 |
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|
Capital Reserve (Refer notes below) |
84.97 |
63.14 |
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|
FVTOCI reserve |
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|
Balance as at the beginning of the year |
2,871.59 |
1,665.71 |
||
|
Net (losses)/gains on FVTOCI equity/debt securities |
(1,264.82) |
1,205.88 |
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|
Balance as at the end of the year |
1,606.77 |
2,871.59 |
||
|
|
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|
Securities premium |
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|
Balance as at the beginning of the year |
115.57 |
86.31 |
||
|
Add: Recognised during the year |
93.24 |
29.26 |
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|
Balance as at the end of the year |
208.81 |
115.57 |
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|
|
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|
Capital redemption reserve |
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|
Balance as at the beginning of the year |
10.41 |
10.41 |
||
|
Add: Recognised during the year |
– |
– |
||
|
Balance as at the end of the year |
10.41 |
10.41 |
||
|
|
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|
Share based payment reserve |
||||
|
Balance as at the beginning of the year |
99.44 |
102.62 |
||
|
Add: Recognised during the year |
70.60 |
64.71 |
||
|
Less: Transfer to retained earnings |
(6.46) |
(67.89) |
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|
Balance as at the end of the year |
163.58 |
99.44 |
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|
|
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|
Treasury shares |
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|
Balance as at the beginning of the year |
(38.48) |
(89.49) |
||
|
Add: Changes during the year |
(39.00) |
51.01 |
||
|
Balance as at the end of the year |
(77.48) |
(38.48) |
||
|
|
||||
|
38,552.49 |
34,909.48 |
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Nature and purpose of reserve:
General reserve
General reserve is free reserve available for distribution as recommended by Board in accordance with requirements of the Companies Act, 2013. Mandatory transfer to general reserve is not required under the Companies Act, 2013.
Retained earnings
Retained earnings is a free reserve. This is the accumulated profit earned by the Group till date, less transfer to general reserve, dividend and other distributions made to the shareholders.
Foreign exchange difference of subsidiary on paid-up capital
This reserve represents the foreign exchange difference due to rate on the date of receipt vis-à-vis date of share certificate issued.
Foreign currency translation reserve
This reserve represents the foreign exchange differences on converting subsidiaries financials into INR, including other adjustments on consolidation.
FVTOCI reserve
The Company has elected to recognise changes in the fair value of certain investments in equity securities in other comprehensive income. These changes are accumulated within the FVTOCI reserve within equity.
Securities premium
The amount received in excess of face value of the equity shares is recognised in securities premium.
Cash flow hedging reserve
It represents the cumulative gains/(losses) arising on revaluation of the derivative instruments designated as cash flow hedges through OCI.
Capital redemption reserve
As per section 69 of the Companies Act 2013, where a company purchases its own shares out of free reserves or securities premium account, a sum equal to the nominal value of the shares so purchased shall be transferred to the capital redemption reserve account. The capital redemption reserve account may be applied by the Group, in paying up unissued shares of the Group to be issued to members of the Group as fully paid bonus shares.
Share based payment reserve
Share based payment reserve is created as required by Ind AS 102 ‘Share Based Payments’ on the employee stock option scheme operated by the Company for its employees.
Capital reserve
Capital reserve mainly represent fair value gains/(losses) on swapping of stake in associate entity pursuant to buy back.
During the year, the Company acquired additional shares in Bajaj Auto International Holdings AG (earlier known as Pierer Bajaj AG), resulting in 100% control and reclassification from associate to subsidiary. The acquisition led to a bargain purchase gain of ₹ 21.83 crore, which has been recognised in other comprehensive income and transferred to capital reserve in accordance with Ind AS 103.
Statutory reserve
For its financing subsidiary, every year the company transfers sum of not less than twenty percent of net profit of that year to the statutory reserve fund created pursuant to section 45IC(1) of the Reserve Bank of India Act, 1934. No appropriation of any sum from the reserve fund is permitted except for the purpose as may be specified by the Reserve Bank of India from time to time.
Treasury shares
The reserve for shares of the Company held by the Bajaj Auto ESOP Trust (ESOP Trust). Company has issued employees stock option scheme for its employees. The equity shares of the Company have been purchased and held by ESOP Trust. Trust to transfer in the name of employees at the time of exercise of option by employees.