Investors e-Auction Annual Report
2013-2014
Annual Report Subsidiary Cos Press Release
 
Mukand Ltd., registered under The Companies Act, 1956, is a widely-held public limited company with over 49,700 equity shareholders and over 45,600 cumulative preference shareholders. The Company is listed on The Stock Exchange, Mumbai and on the National Stock Exchange of India Limited.
       
   
 
       
   
  10 lakhs = 1 million    
       
MUKAND LIMITED;
Regd. Office : Bajaj Bhawan, Jamnalal Bajaj Marg, 226, Nariman Point, Mumbai 400 021
STATEMENT OF UNAUDITED FINANCIAL RESULTS FOR THE NINE MONTHS AND QUARTER ENDED DECEMBER 31,2014
 Part - I           Rs. in lakhs
  Particulars Quarter ended Nine months ended Year ended
  31-Dec-14 30-Sep-14 31-Dec-13 31-Dec-14 31-Dec-13 31-Mar-14
    Unaudited Unaudited Unaudited Unaudited Unaudited Audited
        
(1) INCOME FROM OPERATIONS            
        
a) Gross Sales 78,888.50 84,266.36 67,875.49 237,941.77 201,882.80 278,702.87
  Less : Excise Duty Recovered 7,579.42 8,478.89 6,292.35 23,529.35 19,591.94 27,259.75
  Net Sales 71,309.08 75,787.47 61,583.14 214,412.42 182,290.86 251,443.12
b) Other Operating Income 471.18 596.49 412.08 1,589.92 1,872.12 2,513.38
  Total Income from Operations 71,780.26 76,383.96 61,995.22 216,002.34 184,162.98 253,956.50
        
(2) EXPENSES            
a) Cost of materials consumed 34,496.54 36,038.98 35,706.75 105,582.05 96,594.33 131,564.71
b) Purchase of Stock in Trade (1.75) 58.68 1,386.58 82.10 1,386.58 2,897.36
c) Changes in inventories of finished goods and work-in-progress (3,998.46) (1,043.75) (9,807.58) (8,996.43) (13,564.33) (17,583.98)
d) Stores, Spares, Components, Tools, etc. consumed 10,219.57 11,419.06 10,672.31 32,077.99 30,724.55 41,438.23
e) Power & Fuel 5,083.24 4,810.32 5,427.27 14,945.58 15,304.97 20,382.28
f) Employee benefits expense 3,963.11 3,748.83 3,718.49 11,481.86 10,688.79 14,552.67
g) Foreign Exchange (Gain)/Loss (net) 646.47 788.22 179.19 1,935.47 3,667.90 3,902.75
h) Depreciation and Amortisation expenses 1,875.41 1,849.15 1,670.52 5,569.70 4,959.15 6,704.09
i) Other Expenditure 11,933.29 11,939.54 9,456.82 33,973.39 27,232.03 38,766.81
  Total Expenses 64,217.42 69,609.03 58,410.35 196,651.71 176,993.97 242,624.92
(3) Profit/(Loss) from Operations before Other Income , Finance Costs, & Net Exceptional income/ (Expenditure) 7,562.84 6,774.93 3,584.87 19,350.63 7,169.01 11,331.58
(4) Other Income [Refer Note 3] 192.55 345.44 2,297.27 1,857.60 2,890.97 3,330.59
(5) Profit/(Loss) from Ordinary Activities before Finance Costs & Net Exceptional income/ (Expenditure) 7,755.39 7,120.37 5,882.14 21,208.23 10,059.98 14,662.17
(6) Less : Finance Costs (net) 6,962.93 6,572.94 6,319.84 19,496.23 18,182.87 24,388.96
(7) Profit / (Loss) from ordinary activities before Net Exceptional income / (Expenditure) 792.46 547.43 (437.70) 1,712.00 (8,122.89) (9,726.79)
(8) Net Exceptional Income / (Expenditure) [Refer Note 4] (311.29) (311.29) (1,086.29) (933.87) (1,114.28) (2,544.31)
(9) Profit / (Loss) before Tax 481.17 236.14 (1,523.99) 778.13 (9,237.17) (12,271.10)
(10) Tax Expense 129.43 61.65 (192.89) 212.73 (1,314.89) (3,469.74)
(11) Profit / (Loss) after Tax 351.74 174.49 (1,331.10) 565.40 (7,922.28) (8,801.36)
               
               
  MUKAND LIMITED           Rs. in lakhs
    Quarter ended Nine months ended Year ended
    31-Dec-14 30-Sep-14 31-Dec-13 31-Dec-14 31-Dec-13 31-Mar-14
    Unaudited Unaudited Unaudited Unaudited Unaudited Audited
               
(12) Paid-up Equity Share Capital (Face value Rs 10/- per share) 14,141.74 14,141.74 7,312.57 14,141.74 7,312.57 14,141.74
               
(13) Reserves (excluding Revaluation Reserve)           32,480.15
               
(14) Earnings per Share (EPS) - Rs 0.00 0.00 0.00 0.00 0.00 0.00
  Basic and Diluted EPS (in Rs.)            
  - Including exceptional items 0.25 0.12 (1.82) 0.40 (10.84) (11.54)
  - Excluding exceptional items 0.47 0.34 (0.33) 1.06 (9.31) (8.20)
               
               
  Part - II            
               
A PARTICULARS OF SHAREHOLDING            
               
(1) Public Shareholding            
  Number of Shares 37,674,853 37,674,853 33,394,687 37,674,853 33,394,687 37,674,853
  Percentage of Shareholding 26.64% 26.64% 45.67% 26.64% 45.67% 26.64%
               
(2) Disclosure in respect of pledged shares of Promoters and Promoter Group            
               
  Shares held by Promoters & Promoter Group - Nos. (A) 103,731,008 103,731,008 39,719,442 103,731,008 39,719,442 103,731,008
  Percentage of Total Share Capital 73.36% 73.36% 54.33% 73.36% 54.33% 73.36%
  Pledged / Encumbered - No. of Shares 40,442,751 29,767,790 14,377,431 40,442,751 14,377,431 16,090,431
  Percentage of Total Share Capital 28.60% 21.05% 19.66% 28.60% 19.66% 11.38%
  Percentage of (A) 38.99% 28.70% 36.20% 38.99% 36.20% 15.51%
               
  Non Encumbered - No. of Shares 63,288,257 73,963,218 25,342,011 63,288,257 25,342,011 87,640,577
  Percentage of Total Share Capital 44.76% 52.31% 34.67% 44.76% 34.67% 61.98%
  Percentage of (A) 61.01% 71.30% 63.80% 61.01% 63.80% 84.49%
               
               
    Quarter ended          
    31-Dec-14          
               
B INVESTOR COMPLAINTS            
               
  Pending at the beginning of the quarter Nil          
  Received during the quarter 13          
  Disposed off during the quarter 13          
  Remaining unresolved at the end of the quarter Nil          
               
               
  MUKAND LIMITED           Rs. in lakhs
    Quarter ended Nine months ended Year ended
    31-Dec-14 30-Sep-14 31-Dec-13 31-Dec-14 31-Dec-13 31-Mar-14
    Unaudited Unaudited Unaudited Unaudited Unaudited Audited
  SEGMENT REVENUE (net of Excise Duty)            
        
1) Steel 68,374.01 72,026.75 59,089.37 204,294.27 172,962.24 237,067.95
        
2) Power Generation 880.30 1,150.40 1,285.17 2,857.93 3,451.52 4,548.57
        
3) Industrial Machinery 3,436.59 4,489.54 2,997.79 11,777.97 11,470.93 16,500.24
        
4) Road Construction 0.20 0.00 0.05 125.11 128.91 940.66
        
  Sub-total 72,691.10 77,666.69 63,372.38 219,055.28 188,013.60 259,057.42
        
  Less : Inter Segment Revenue (910.84) (1,282.73) (1,377.16) (3,052.94) (3,850.62) (5,100.92)
        
  Total Segment Revenue (net of Excise Duty) 71,780.26 76,383.96 61,995.22 216,002.34 184,162.98 253,956.50
        
  SEGMENT RESULT           0.00
        
1) Steel 7,156.63 5,690.08 1,837.78 16,430.40 1,759.77 4,297.72
        
2) Power Generation 714.21 1,006.11 1,167.70 2,414.52 3,083.00 4,075.86
        
3) Industrial Machinery (2.33) 374.82 1,060.96 1,331.73 3,653.34 4,674.59
        
4) Road Construction (51.50) (47.62) (169.39) (106.84) (503.32) (673.03)
        
  Less : Inter segment margin (2.50) (17.92) (9.89) (20.42) (52.22) (73.83)
        
  Total Segment Result 7,814.51 7,005.47 3,887.16 20,049.39 7,940.57 12,301.31
        
  Add / (Less) :       
        
  Other net un-allocable :       
  Income 192.55 345.44 2,297.27 1,857.60 2,890.97 3,330.60
  Expenditure 251.67 230.54 302.29 698.76 771.56 969.74
  Other net un-allocable (expenditure) / income (59.12) 114.90 1,994.98 1,158.84 2,119.41 2,360.86
        
  Profit /(Loss) before Finance costs 7,755.39 7,120.37 5,882.14 21,208.23 10,059.98 14,662.17
        
  Less : Finance costs (net) 6,962.93 6,572.94 6,319.84 19,496.23 18,182.87 24,388.96
        
  Net Exceptional - Income / (Expenditure) (311.29) (311.29) (1,086.29) (933.87) (1,114.28) (2,544.31)
        
  Profit / (Loss) before tax 481.17 236.14 (1,523.99) 778.13 (9,237.17) (12,271.10)
        
  Capital Employed as on 31-Dec-14 30-Sep-14 31-Dec-13 31-Dec-14 31-Dec-13 31-Mar-14
        
1) Steel 357,284.50 348,999.23 330,407.08 357,284.50 330,407.08 336,671.76
2) Power Generation 4,366.89 4,472.30 4,603.00 4,366.89 4,603.00 4,622.01
3) Industrial Machinery 52,948.83 53,909.49 49,902.76 52,948.83 49,902.76 51,545.15
4) Road Construction 12,839.17 13,381.05 13,802.74 12,839.17 13,802.74 13,624.87
5) Unallocable (net) (215,208.97) (208,397.35) (195,317.13) (215,208.97) (195,317.13) (193,262.60)
        
  Total Net Capital Employed 212,230.42 212,364.72 203,398.45 212,230.42 203,398.45 213,201.19
 

Notes:

  1. Pursuant to the Companies Act, 2013 (the Act), becoming effective from 1st April 2014, the Company has reworked depreciation with reference to estimated useful life of fixed assets prescribed under Schedule-II to the Act or useful life of fixed assets as per technical evaluation. As a result, the charge for depreciation is higher by Rs.109 Lakhs for the quarter ended 31st December 2014. Further, based on transitional provision in Note 7(b) of Schedule-II, an amount of Rs.831 Lakhs (net of deferred tax) has been adjusted on 30th June 2014 against the retained earnings.
  2. Management's response to the observations of the auditors on the financial statements for the year ended 31.03.2014 :
  3. a
    Advances due from and investments made in Vidyavihar Containers Limited (VCL), aggregating Rs. 6,713 Lakhs as at 31st March 2014 now stand at Rs. 5,213 Lakhs as at 31st December 2014. The Company, barring unforeseen circumstances, relies upon the estimation of future realizable values of the financial assets of VCL to recover its Exposures;
       
    b
    As regards investments made in Mukand Global Finance Limited (MGFL), aggregating Rs.2,625 Lakhs, the recovery is dependent upon realization of the financial assets that MGFL stands invested into at the close of the year and future earnings from the business activities of MGFL. The management considers the 'Exposure' to be 'Good' and adequately covered. Any ultimate shortfall if any, in the realization is not determinable at present.
       
    c
    The investments in and debts / advances due from Bombay Forgings Limited (BFL), which stood at Rs.7,990 Lakhs as at 31.03.2014 has increased to Rs.8,826 Lakhs as at 31.12.2014 due to supplies on credit. Recovery towards these supplies will be made on due dates. The management, considering its long term view on the 'Exposures', relies upon the valuation of unencumbered fixed assets of BFL as at 31st March, 2014 which is at Rs.7,034 Lakhs. It further relies upon the value of current assets and future earnings from the ongoing business of BFL. The management considers the balance 'Exposures' to be 'Good' at the close of the quarter and adequately covered and barring unforeseen circumstances expects full realisability of the same in future.
       
    d
    Debts / advances recoverable from Stainless India Limited (SIL), which aggregated Rs.730 Lakhs as at 31st March 2014, has remained at Rs.730 Lakhs as at 31.12.2014. The management relies upon the realization from Land of SIL. The management considers the balance 'Exposures' to be 'Good' at the close of the Quarter and adequately covered and barring unforeseen circumstances expects full realisability of the same in future.
       
    e
    The Company in previous years executed road construction projects in the state of Uttar Pradesh with National Highway Authority of India (NHAI) along with Centrodorstroy (CDS), Russia. The exposure on this account as at 31.03.2014 aggregated Rs.13,478 Lakhs and is now at Rs.12,681 Lakhs as at 31.12.2014. The outcome of the Road Construction activity cannot be estimated with certainty at present. The amount of total claims with NHAI now aggregates Rs.24,568 Lakhs (as at 31.03.2014, Rs.22,528 Lakhs). Bulk of these claims are now being processed at various appellate fora. It is the opinion of the management that in view of the substantially large claims to be settled progressively over a period of next 2 to 3 years, losses currently expected are already recognized till the close of the quarter.
       
  4. Other income for the nine months ended 31st December 2014 of Rs.1,858 Lakhs includes surplus amounting to Rs.1,099 Lakhs on sale of part of Office premises as compared to Rs.2,891 Lakhs for nine months ended 31st December'2013 which included surplus amounting to Rs.1,844 Lakhs on sale of residential premises.
  5. Net Exceptional Expenditure of Rs.311 Lakhs represents proportionate charge for the Quarter of Adhoc amount payable to CDR Lenders. During June 2013, the Company arrived at settlement with the Corporate Debt Restructuring members for an adhoc amount of Rs.2,490 Lakhs payable in monthly installments till the maturity of the loans without any further interest thereon. This settlement was arrived at under recompense clause of CDR scheme.
  6. The Board of Directors of the Company in its meeting held on 22nd December, 2014 has decided to hive off Company's alloy steel business to a subsidiary subject to necessary approvals. In this regard, Company has sent a notice dated 22nd December, 2014 to shareholders. The Company expects results of a postal ballot by 18th February, 2015.
  7. Figures in respect of previous year / quarter have been regrouped / recast wherever necessary.
  8. The above results have been reviewed by the Audit Committee and approved by the Board of Directors at their meeting held on 11th February, 2015. Statutory Auditors have carried out a "Limited Review" of the financial results shown above.
 
Statement showing Shareholding Pattern
(as per Clause 35 of the Listing Agreement)
Table(I)(a)
Name of the Company MUKAND LTD.
BSE Scrip Code : 500460 NSE Scrip Name : MUKANDLTD
Quarter Ended March 31, 2015
                 
Category Category of Shareholder No of Total No of Shares Total Shareholding as Shares pledged or
Code   Share- No of held in % age of total shares otherwise encumbered
    holders Shares Dematerialised As a % age As a % age Number of as a
        Form of (A+B) of (A+B+C) shares % age
(I) (II) (III) (IV) (V) (VI) (VII) (VIII) (IX) = (VIII)/(IV)*100
(A) Shareholding of Promoter and promoter Group              
(1) Indian              
(a) Individuals/ Hindu Undivided Family 19 37,320,648 37,320,648 26.39 26.39 17,659,815 47.32
(b) Central Government/ State Government(s)   - -        
(c) Bodies Corporate 18 63,717,305 63,717,305 45.06 45.06 681,200 1.07
(d) Financial Institutions/Banks   - -        
(e) Any other (Specify)   - -        
  Sub-Total (A)(1) 37 101,037,953 101,037,953 71.45 71.45 18,341,015 18.15
                 
(2) Foreign              
(a) Individuals Non Resident Individuals/              
  Foreign Individuals   - -        
(b) Bodies Corporate   - -        
(c) Institutions   - -        
(d) Qualified Foreign Investor   - -        
(e) Any other (specify)   - -        
  Sub-Total (A)(2)   0 0        
                 
  Total Shareholding of Promoter and Promoter              
  Group (A)=(A)(1) + (A)(2) 37 101,037,953 101,037,953 71.45 71.45 18,341,015 18.15
                 
(B) Public Shareholding              
(1) Institutions              
(a) Mutual Funds/UTI 7 6,007 5,006 0.00 0.00    
(b) Financial Institutions/Banks 39 114,429 110,284 0.08 0.08    
(c) Central Government/ State Government(s)   - -        
(d) Venture Capiral funds   - -        
(e) Insurance Companies 4 7,246,338 7,246,338 5.12 5.12    
(f) Foreign Institutional Investors 10 30,963 0 0.02 0.02    
(g) Foreign Venture Capital Investors   - -        
(h) Qualified Foreign Investor   - -        
(i) Any Other              
  Sub-Total (B)(1) 60 7,397,737 7,361,628 5.23 5.23    
                 
(2) Non-institutions              
(a) Bodies Corporate 604 9,806,591 9,363,728 6.94 6.94    
(b) Individuals              
I (i) Individual shareholders holding              
  nominal share capital up to Rs 1 lakh 42,079 10,347,004 9,371,898 7.32 7.32    
II (ii) Individual shareholders holding              
  nominal share capital in excess              
  of Rs. 1 laks 226 9,417,373 9,247,305 6.66 6.66    
(c) Qualified Foreign Investor 0 0 0 0.00 0.00    
(d) Any other (Specify)              
I Clearing Members 41 66,997 66,997 0.05 0.05    
II NRI's 239 639,151 628,175 0.45 0.45    
III Trusts (Employee Welfare Funds) 2 2,367,014 2,367,014 1.67 1.67    
IV Non Promoter - Non Public Employee Welfare Funds 1 326,041 326,041 0.23 0.23    
  Sub-total (B)(2) 43,192 32,970,171 31,371,158 23.32 23.32    
                 
  Total Public Shareholding              
  (B)=(B)(1) + (B)(2) 43,252 40,367,908 38,732,786 28.55 28.55    
                 
(C) Shares held by custodians and against              
  against which depository receipts              
  have been issued   0 0        
I Promoter & Promoter Group              
II Public              
                 
  GRAND TOTAL (A)+(B)+(C) 43,289 141,405,861 139,770,739 100.00 100.00 18,341,015 12.97
 
Notes:
Mukand Employees' Welfare Funds, Bajaj Electricals Ltd (BEL) Employees' Welfare Funds and Bajaj Holdings and Investment Ltd (BHIL) Employees' Welfare Funds (formerly known as Bajaj Auto Ltd Employees' Welfare Funds) are holding shares in Mukand Ltd as under :-
 
  No. of shares % to paid-up capital
Mukand Employees Welfare Funds 326,041 0.23
BEL Employees Welfare Funds 121,422 0.09
BHIL Employees Welfare Funds 2,245,592 1.59
  2,693,055 1.90

The above holdings were classified as Promoters’ shareholdings until the Quarter ended 31 December, 2014.
Consequent upon the enactment of SEBI (Share based Employee Benefits) Regulations, 2014,

(a) The holdings of Mukand Employees Welfare Funds are reclassified as ‘Non Promoter Non Public Shareholding’ with effect from the Quarter ending 31 March, 2015,

(b) The holdings BEL Employees Welfare Funds and BHIL Employees Welfare Funds are reclassified as ‘Public Shareholding’ with effect from the Quarter ending 31 March, 2015.

Further, as the existing format of shareholding pattern does not have a separate catagory of shareholders as 'Non Promoter & Non Public Shareholding', the shareholding as at (a) above has been disclosed as 'Non Promoter -Non Public Employee Welfare Funds' under 'Any Other' catagory as Non-Institution Public Shareholding

 
Introductory sub-table (I)(a)
 
Name of the Company: MUKAND LIMITED
Scrip Code, Name of the scrip, class of security: 500460 (BSE), MUKANDLTD (NSE) - ISIN : INE304A01026
Quarter Ended : 31st Mar, 2015
       
Partly paid-up shares:- No. of partly paid-up shares As a % of total no. of partly paid-up shares As a % of total no. of shares of the company
       
Held by promoter/promoter group 0 0.00 0.00
Held by public 0 0.00 0.00
       
Total 0 0.00 0.00
       
Outstanding convertible securities:- No. of outstanding securities As a % of total no. of outstanding convertible securities As a % of total no. of shares of the company, assuming full conversion of the convertible securities
       
Held by promoter/promoter group 0 0.00 0.00
Held by public 0 0.00 0.00
       
Total 0 0.00 0.00
       
Warrants:- No. of warrants As a % of total no.
of warrants
As a % of total no. of shares of the company, assuming full conversion of warrants
       
Held by promoter/promoter group 0 0.00 0.00
Held by public 0 0.00 0.00
       
Total 0 0.00 0.00
       
Total paid-up capital of the company, assuming full
conversion of warrants and
convertible securities
141405861   100.00
 
(I)(b) Statement showing holding of securities (including shares, warrants, convertible securities) of persons belonging to thecategory “Promoter and Promoter Group”
                       
Sr. No. Name
of
the shareholder
Details of Shares held Encumbered shares (*) Details of warrants Details of convertible
securities
Total shares (including underlying shares assuming full conversion of warrants and convertible securities) as a % of diluted share capital
Number
of shares held
As a % of grand total (A) +(B) + (C) No. As a percentage As a % of grand total (A)+ (B)+ (C) of sub-clause (I)(a ) Number of
warrants
held
As a %
total
number of
warrants
of the
same
class
Number
of
convertible
securities
held
As a %
total
number of
convertible
securities
of the same
class
 
(I) (II) (III) (IV) (V) (VI)=(V)/ (III)*100 (VII) (VIII) (IX) (X) (XI) (XII)
1 Shri Rahul Bajaj 712044 0.50 0 0.00 0.00 0 0.00 0 0.00 0.50
2 Shri Niraj Bajaj 11476956 8.12 0 0.00 0.00 0 0.00 0 0.00 8.12
3 Shri Rajesh V Shah 7200842 5.09 5266297 73.13 3.72 0 0.00 0 0.00 5.09
4 Shri Suketu V Shah 7319018 5.18 4462100 60.97 3.16 0 0.00 0 0.00 5.18
5 Shri Sanjivnayan Bajaj 1787 0.00 0 0.00 0.00 0 0.00 0 0.00 0.00
6 Shri Shekhar Bajaj 733000 0.52 0 0.00 0.00 0 0.00 0 0.00 0.52
7 Shri Madhur Bajaj 706200 0.50 0 0.00 0.00 0 0.00 0 0.00 0.50
8 Shri Anant Bajaj 86400 0.06 0 0.00 0.00 0 0.00 0 0.00 0.06
9 Smt Minal Bajaj 192000 0.14 0 0.00 0.00 0 0.00 0 0.00 0.14
10 Smt Sunaina Kejriwal 1363 0.00 0 0.00 0.00 0 0.00 0 0.00 0.00
11 Smt Suman Jain 3744 0.00 0 0.00 0.00 0 0.00 0 0.00 0.00
12 Smt Anjana Viren Shah ( Nee Anjana Munsif ) 30634 0.02 0 0.00 0.00 0 0.00 0 0.00 0.02
13 Shri Narendrakumar J Shah 99605 0.07 0 0.00 0.00 0 0.00 0 0.00 0.07
14 Smt Jyoti Shah 21117 0.01 0 0.00 0.00 0 0.00 0 0.00 0.01
15 Smt Bansri Rajesh Shah 3431542 2.43 3370042 98.21 2.38 0 0.00 0 0.00 2.43
16 Smt Czaee Sukumar Shah 4057212 2.87 3505330 86.40 2.48 0 0.00 0 0.00 2.87
17 Priyaradhika Rajesh Shah 960046 0.68 960046 100.00 0.68 0 0.00 0 0.00 0.68
18 Shri Kaustubh Rajesh Shah 96000 0.07 96000 100.00 0.07 0 0.00 0 0.00 0.07
19 Shri Rishabh Sukumar Vir 191138 0.14 0 0.00 0.00 0 0.00 0 0.00 0.14
20 Akhil Investments & Traders Pvt Ltd 260 0.00 0 0.00 0.00 0 0.00 0 0.00 0.00
21 Bachhraj & Co Pvt Ltd 3350692 2.37 0 0.00 0.00 0 0.00 0 0.00 2.37
22 Bachhraj Factories Pvt Ltd 1378168 0.97 0 0.00 0.00 0 0.00 0 0.00 0.97
23 Bajaj Holdings & Investment Ltd 8113564 5.74 0 0.00 0.00 0 0.00 0 0.00 5.74
24 Bajaj Sevashram Pvt Ltd 2500160 1.77 0 0.00 0.00 0 0.00 0 0.00 1.77
25 Baroda Industries Pvt Ltd 15726616 11.12 0 0.00 0.00 0 0.00 0 0.00 11.12
26 Jamnalal Sons Pvt Ltd 26293322 18.59 0 0.00 0.00 0 0.00 0 0.00 18.59
27 Jeewan Limited 4785369 3.38 0 0.00 0.00 0 0.00 0 0.00 3.38
28 Mukand Engineers Ltd 1362400 0.96 681200 50.00 0.48 0 0.00 0 0.00 0.96
29 Niraj Holdings Pvt Ltd 8000 0.01 0 0.00 0.00 0 0.00 0 0.00 0.01
30 Kamalnayan Investment & Trading Pvt Ltd 7000 0.00 0 0.00 0.00 0 0.00 0 0.00 0.00
31 Madhur Securities Pvt Ltd 7000 0.00 0 0.00 0.00 0 0.00 0 0.00 0.00
32 Rahul Securities Pvt Ltd 7000 0.00 0 0.00 0.00 0 0.00 0 0.00 0.00
33 Rupa Equities Private Limited 7000 0.00 0 0.00 0.00 0 0.00 0 0.00 0.00
34 Sanraj Nayan Investments Pvt Ltd 3494 0.00 0 0.00 0.00 0 0.00 0 0.00 0.00
35 Shekhar Holdings Pvt Ltd 7000 0.00 0 0.00 0.00 0 0.00 0 0.00 0.00
36 Sidya Investments Ltd 160000 0.11 0 0.00 0.00 0 0.00 0 0.00 0.11
37 Valiant Investments & Trades Pvt Ltd 260 0.00 0 0.00 0.00 0 0.00 0 0.00 0.00
                       
TOTAL 101037953 71.45 18341015 18.15 12.97 0 0.00 0 0.00 71.45

(*) The term “encumbrance” has the same meaning as assigned to it in regulation 28(3) of the SAST Regulations, 2011

Note: 1. 1,50,000 Shares of Mukand Ltd. acquired by Mr. Suketu V. Shah from Bahar Mercantile Ltd. on 31.3.2015 were credited to its demat account as on 1.4.2015

Note: 2. Mukand Employees' Welfare Funds, Bajaj Electricals Ltd (BEL) Employees' Welfare Funds and Bajaj Holdings and Investment Ltd (BHIL) Employees' Welfare Funds (formerly known as Bajaj Auto Ltd Employees' Welfare Funds) are holding shares in Mukand Ltd as under :-

  No. of shares % to paid-up capital
Mukand Employees Welfare Funds 326,041 0.23
BEL Employees Welfare Funds 121,422 0.09
BHIL Employees Welfare Funds 2,245,592 1.59
  2,693,055 1.90

The above holdings were classified as Promoters' shareholdings until the Quarter ended 31 December, 2014
Consequent upon the enactment of SEBI (Share based Employee Benefits) Regulations, 2014,

(a) The holdings of Mukand Employees Welfare Funds are reclassified as 'Non Promoter Non Public Shareholding' with effect from the Quarter ending 31 March, 2015,

(b) The holdings BEL Employees Welfare Funds and BHIL Employees Welfare Funds are reclassified as 'Public Shareholding' with effect from the Quarter ending 31 March, 2015.

Further, as the existing format of shareholding pattern does not have a separate catagory of shareholders as 'Non Promoter & Non Public Shareholding', the shareholding as at (a) above has been disclosed as 'Non Promoter -Non Public Employee Welfare Funds' under 'Any Other' catagory as Non-Institution Public Shareholding.

 
(I)(c)(i) Statement showing holding of securities (including shares, warrants, convertible securities) of persons belonging to thecategory “Public” and holding more than 1% of the total number of shares
 
Sr. No. Name of the shareholder Number of shares held Shares as a percentage of total number of shares {i.e., Grand Total (A)+(B)+(C) indicated in Statement at para (I)(a) above} Details of warrants Details of convertible
securities
Total shares (including
underlying shares
assuming full
conversion of
warrants and
convertible securities)
as a % of diluted share
capital
Number of
warrants
held
As a %
total
number of
warrants of
the same
class
Number of
convertible
securities
held
% w.r.t total
number of
convertible
securities of
the same
class
1 LIFE INSURANCE CORPORATION OF INDIA 7228076 5.11 0 0.00 0 0.00 5.11
2 SHINANO RETAIL PRIVATE LIMITED 3579056 2.53 0 0.00 0 0.00 2.53
3 RAKESH SAJJAN GUPTA 2090039 1.48 0 0.00 0 0.00 1.48
                0.00
                0.00
TOTAL 12897171 9.12 0 0.00 0 0.00 9.12
 
(I)(c)(ii)
Statement showing holding of securities (including shares, warrants, convertible securities) of persons (together with PAC) belonging to the category “Public” and holding more than 5% of the total number of shares of the company
 
Sr. No. Name(s) of the
shareholder(s) and
the Persons Acting in
Concert (PAC) with
them
Number
of shares
Shares as a percentage of
total number of shares
{i.e., Grand Total
(A)+ (B)+ (C) indicated in
Statement at para (I)(a)
above}
Details of warrants Details of convertible
securities
Total shares
(including
underlying
shares
assuming full
conversion of
warrants and
convertible
securities) as a
% of diluted
share capital
Number of
warrants
As a % total
number of
warrants of the
same class
Number of
convertible
securities
held
% w.r.t
total
number of
convertible
securities
of the same
class
1 LIFE INSURANCE CORPORATION OF INDIA 7228076 5.11 0 0.00 0 0.00 5.11
                 
                 
                 
                 
                 
                 
                 
                 
                 
                 
TOTAL 7228076 5.11 0 0.00 0 0.00 5.11
 
(I)(d) Statement showing details of locked-in shares
Sr. No. Name of the shareholder Number of locked-in shares Locked-in shares as a percentage of total number of shares {i.e., Grand Total (A)+(B)+(C) indicated in Statement at para (I)(a) above}
1 NIL 0 0.00
       
       
       
       
       
       
       
       
       
       
TOTAL 0 0.00
 
(II)(a) Statement showing details of Depository Receipts (DRs)
Sr. No. Type of outstanding DR (ADRs, GDRs, SDRs, etc.) Number of outstanding
DRs
Number of shares underlying outstanding DRs Shares underlying outstanding DRs as a percentage of total number of shares {i.e., Grand Total (A)+(B)+(C) indicated in Statement at para (I)(a) above}
1 NIL NIL 0 0.00
         
         
         
         
         
         
         
         
         
         
TOTAL 0 0 0.00
 
(II)(b) Statement showing holding of Depository Receipts (DRs), where underlying shares heldby "promoter/promoter group" are in excess of 1% of the total number of shares
Sr. No. Name of the DR Holder Type of outstanding DR (ADRs, GDRs, SDRs, etc.) Number of shares
underlying outstanding DRs
Shares underlying outstanding DRs as a percentage of total number of shares {i.e., Grand Total (A)+(B)+(C) indicated in Statement at para (I)(a) above}
1 NIL NIL 0 0.00
         
         
         
         
         
         
         
         
         
         
TOTAL   0 0.00
 
(Concept and Content by Krishnan Nair )

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