The securities premium is the excess amount received by a company when it issues new securities (such as shares or bonds) at a price higher than the face value or par value of the securities. 

Some of the uses of the securities premium amount are:

(i) To finance the expansion of the company: The securities premium can be used to fund the expansion of the company's operations, such as building new facilities, acquiring new equipment, or entering new markets.

(ii) To pay off debts: The securities premium can be used to pay off existing debts, such as loans or bonds, and reduce the company's overall debt burden.

(iii) To pay dividends to shareholders: The securities premium can be used to pay dividends to shareholders, which is a distribution of profits to shareholders as a return on their investment in the company.

(iv) To increase reserves: The securities premium can be used to increase reserves, which are funds set aside for a specific purpose, such as to cover future expenses or to fund new projects.

(v) To invest in new opportunities: The securities premium can be used to invest in new opportunities, such as acquiring other companies or investing in new technologies.

(vi) To increase share capital: The securities premium can be used to increase share capital, which is the total value of a company's outstanding shares of stock. This can be done through a rights issue, where the company offers new shares to existing shareholders, or through a private placement, where the company sells new shares to a select group of investors.