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 SIX MONTHS AND QUARTER ENDED SEPTEMBER 30,2014
  Part - I     Rs. in lakhs
    Quarter ended Six months ended Year ended
  Particulars 30-Sep-14 30-Jun-14 30-Sep-13 30-Sep-14 30-Sep-13 31-Mar-14
    Unaudited Unaudited Unaudited Unaudited Unaudited Audited
               
(1) INCOME FROM OPERATIONS            
               
a) Gross Sales 84,266.36 74,786.91 68,682.06 159,053.27 134,007.31 278,702.87
  Less : Excise Duty Recovered 8,478.89 7,471.04 6,789.47 15,949.93 13,299.59 27,259.75
  Net Sales  75,787.47 67,315.87 61,892.59 143,103.34 120,707.72 251,443.1
b) Other Operating Income  596.49 522.25 498.20 1,118.74 1,460.04 2,513.38
  Total Income from Operations 76,383.96 67,838.12 62,390.79 144,222.0 122,167.76 253,956.50
               
(2) EXPENSES            
a) Cost of materials consumed 36,038.98 35,046.53 30,754.72 71,085.51 60,887.58 131,564.71
b) Purchase of Stock in Trade 58.68 25.17   83.85   2,897.36
c) Changes in inventories of finished goods and work-in-progress  (1,043.75) (3,954.22) (1,252.90) (4,997.97) (3,756.75) (17,583.98)
d) Stores, Spares, Components,  Tools, etc. consumed 11,419.06 10,439.36 9,822.59 21,858.42 20,052.24 41,438.23
e) Power & Fuel  4,810.32 5,052.02 4,998.83 9,862.34 9,877.70 20,382.28
f) Employee benefits expense 3,748.83 3,769.92 3,486.76 7,518.75 6,970.30 14,552.67
g) Foreign Exchange (Gain)/Loss (net) 788.22 500.78 1,798.05 1,289.00 3,488.71 3,902.75
h) Depreciation and Amortisation expenses 1,849.15 1,845.14 1,658.45 3,694.29 3,288.63 6,704.09
i) Other Expenditure  11,939.54 10,100.56 9,129.04 22,040.10 17,775.21 38,766.81
  Total Expenses 69,609.03 62,825.26 60,395.54 132,434.29 118,583.62 242,624.92
(3) Profit/(Loss)  from Operations before Other Income , Finance Costs, & Net Exceptional income/ (Expenditure) 6,774.93 5,012.86 1,995.25 11,787.79 3,584.14 11,331.58
(4) Other Income [Refer Note 3] 345.44 1,319.61 298.46 1,665.05 593.70 3,330.59
(5) Profit/(Loss) from Ordinary Activities before Finance Costs & Net Exceptional income/ (Expenditure) 7,120.37 6,332.47 2,293.71 13,452.84 4,177.84 14,662.17
(6) Less : Finance Costs (net) 6,572.94 5,960.36 5,698.18 12,533.30 11,863.03 24,388.96
(7) Profit / (Loss) from ordinary activities before Net Exceptional income / (Expenditure)   547.43 372.11 (3,404.47) 919.54 (7,685.19) (9,726.79)
(8) Net Exceptional Income / (Expenditure) [Refer Note 4] (311.29) (311.29) (309.39) (622.58) (27.99) (2,544.31)
(9) Profit / (Loss) before Tax  236.14 60.82 (3,713.86) 296.96 (7,713.18) (12,271.10)
(10) Tax Expense 61.65 21.65 (592.00) 83.30 (1,122.00) (3,469.74)
(11) Profit / (Loss) after Tax 174.49 39.17 (3,121.86) 213.66 (6,591.18) (8,801.36)
               
(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            
  Basic and Diluted EPS (in Rs.)            
  - Including exceptional items 0.12 0.03 (4.27) 0.15 (9.01) (11.54)
  - Excluding exceptional items 0.34 0.25 (3.85) 0.59 (8.98) (8.20)
               
  Part - II            
               
A PARTICULARS OF SHAREHOLDING            
               
(1) Public Shareholding            
  Number of Shares 3,76,74,853 3,76,74,853 3,38,35,325 3,76,74,853 3,38,35,325 3,76,74,853
  Percentage of Shareholding 26.64% 26.64% 46.28% 26.64% 46.28% 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 3,92,78,804 103,731,008 3,92,78,804 103,731,008
  Percentage of Total Share Capital 73.36% 73.36% 53.72% 73.36% 53.72% 73.36%
  Pledged / Encumbered - No. of Shares 2,97,67,790 2,97,67,790 1,60,90,431 2,97,67,790 1,60,90,431 1,60,90,431
  Percentage of Total Share Capital 21.05% 21.05% 22.01% 21.05% 22.01% 11.38%
  Percentage of (A) 28.70% 28.70% 40.96% 28.70% 40.96% 15.51%
               
  Non Encumbered - No. of Shares 7,39,63,218 7,39,63,218 2,31,88,373 7,39,63,218 2,31,88,373 8,76,40,577
  Percentage of Total Share Capital 52.31% 52.31% 31.71% 52.31% 31.71% 61.98%
  Percentage of (A) 71.30% 71.30% 59.04% 71.30% 59.04% 84.49%
               
               
    Quarter ended 30-Sep-14
               
B INVESTOR COMPLAINTS            
               
  Pending at the beginning of the quarter Nil          
  Received during the quarter 36          
  Disposed off during the quarter 36          
  Remaining unresolved at the end of the quarter Nil          
  SEGMENT REVENUE (net of Excise Duty)            
(1) Steel 72,026.75 63,893.51 57,537.88 135,920.26 113,872.87 237,067.95
(2) Power Generation 1,150.40 827.23 1,080.39 1,977.63 2,166.35 4,548.57
(3) Industrial Machinery  4,489.54 3,851.84 5,087.84 8,341.38 8,473.14 16,500.24
(4) Road Construction   124.91   124.91 128.86 940.66
  Sub-total 77,666.69 68,697.49 63,706.11 146,364.18 124,641.22 259,057.42
  Less : Inter Segment Revenue (1,282.73) (859.37) (1,315.32) (2,142.10) (2,473.46) (5,100.92)
  Total Segment Revenue  (net of Excise Duty) 76,383.96 67,838.12 62,390.79 144,222.08 122,167.76 253,956.50
               
  SEGMENT RESULT            
(1) Steel 5,690.08 3,583.69 (1.43) 9,273.77 (78.01) 4,297.72
(2) Power Generation 1,006.11 694.20 950.77 1,700.31 1,915.30 4,075.86
(3) Industrial Machinery  374.82 959.24 1,436.99 1,334.06 2,592.38 4,674.59
(4) Road Construction (47.62) (7.72) (111.90) (55.34) (333.93) (673.03)
  Less : Inter  segment margin (17.92)   (34.20) (17.92) (42.33) (73.83)
  Total Segment Result 7,005.47 5,229.41 2,240.23 12,234.88 4,053.41 12,301.31
  Add / (Less) :            
  Other net un-allocable :            
  Income 345.44 1,319.61 298.46 1,665.05 593.70 3,330.60
  Expenditure 230.54 216.55 244.98 447.09 469.27 969.74
  Other net un-allocable (expenditure) / income 114.90 1,103.06 53.48 1,217.96 124.43 2,360.86
  Profit /(Loss) before Finance costs 7,120.37 6,332.47 2,293.71 13,452.84 4,177.84 14,662.17
  Less : Finance costs  (net) 6,572.94 5,960.36 5,698.18 12,533.30 11,863.03 24,388.96
  Net Exceptional - Income / (Expenditure) (311.29) (311.29) (309.39) (622.58) (27.99) (2,544.31)
  Profit / (Loss) before tax  236.14 60.82 (3,713.86) 296.96 (7,713.18) (12,271.10)
               
  Capital Employed as on 30-Sep-14 30-Jun-14 30-Sep-13 30-Sep-14 30-Sep-13 31-Mar-14
               
(1) Steel 348,999.23 341,907.12 324,073.75 348,999.23 324,073.75 336,671.76
(2) Power Generation 4,472.30 4,506.63 4,649.82 4,472.30 4,649.82 4,622.01
(3) Industrial Machinery  53,909.49 52,492.74 49,208.57 53,909.49 49,208.57 51,545.15
(4) Road Construction 13,381.05 13,496.46 13,969.36 13,381.05 13,969.36 13,624.87
(5) Unallocable (net) (208,397.35) (200,103.41) (190,555.96) (208,397.35) (190,555.96) (193,262.60)
  Total Net Capital Employed 212,364.72 212,299.54 201,345.54 212,364.72 201,345.54 213,201.19
 
      Rs. in lakhs
         
  Statement of Assets and Liabilities as on 30-Sep-14 30-Sep-13 31-Mar-14
         
A EQUITY AND LIABILITIES      
         
(1)  Shareholders' Funds      
  (a) Share Capital 14,704.37 7,875.20 14,704.37
  (b) Reserves and surplus 197,660.35 193,470.34 198,496.82
   Sub-total Shareholders' Funds 212,364.72 201,345.54 213,201.19
         
(2) Non Current Liabilities       
  (a) Long-term borrowings 129,184.75 100,725.48 110,809.04
  (b) Other long term liabilities 400.00 1,418.18 1,386.44
  (c) Long-term provisions 3,462.73 3,149.00 3,567.57
  Sub total Non Current Liabilities  133,047.48 105,292.66 115,763.05
         
(3) Current Liabilities       
  (a) Short-term borrowings 82,691.74 82,616.28 78,763.95
  (b) Trade payables 86,411.58 79,484.96 85,023.83
  (c) Other current liabilities 56,689.48 66,757.99 64,702.41
  (d) Short-term provisions 448.89 347.70 428.86
  Sub total Current Liabilities  226,241.69 229,206.93 228,919.05
         
  TOTAL EQUITY AND LIABILITIES 571,653.89 535,845.13 557,883.29
         
B ASSETS      
         
(1)  Non Current Assets      
  (a) Fixed Assets 249,806.14 254,567.99 253,622.22
  (b) Non-current investments 25,098.15 26,122.61 25,098.15
  (c) Deferred tax assets (net)  4,503.42 1,946.08 4,215.52
  (d) Long-term loans and advances 13,423.47 14,300.81 12,559.44
  (e) Other non-current assets 4,828.09 4,828.26 4,828.09
   Non Current Assets 297,659.27 301,765.75 300,323.42
         
(2)  Current Assets      
  (a) Inventories 135,308.30 106,011.24 123,516.75
  (b) Trade receivables 94,744.39 104,742.30 90,223.47
  (c) Cash and Bank Balances 6,738.52 6,340.65 8,488.37
  (d) Short-term loans and advances 18,565.36 16,784.06 19,254.76
  (e) Other Current  Assets 18,638.05 201.13 16,076.52
   Sub total Current Assets 273,994.62 234,079.38 257,559.87
         
  TOTAL ASSETS 571,653.89 535,845.13 557,883.29
 

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 30th September 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 30th September 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.8,117 Lakhs as at 30.09.2014. 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.725 Lakhs as at 31st March 2014, has marginally increased to Rs.728 Lakhs as at 30.09.2014. 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.13,241 Lakhs as at 30.09.2014. The outcome of the Road Construction activity cannot be estimated with certainty at present. The amount of total claims with NHAI now aggregates Rs.22,166 Lakhs (as at 31.03.2014, Rs.22,528 Lakhs). Bulks 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 Quarter ended 30th September 2014 of Rs 345 Lakhs is lower as compared to Rs. 1,320 Lakhs for the Quarter ended 30th June 2014 as it included surplus of Rs.1,099 Lakhs on sale of part of Office 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 to compensate the Lenders for the lower interest charged by them during the period FY 2002-03 to FY 2011-12. A proportionate charge of Rs.311 Lakhs has been made in the current Quarter
  6. Figures in respect of previous year / quarter have been regrouped / recast wherever necessary.
  7. The above results have been reviewed by the Audit Committee and approved by the Board of Directors at their meeting held on 10th November, 2014. Statutory Auditors have carried out a "Limited Review" of the financial results shown above.

  8. By Order of the Board of Directors
    For Mukand Ltd.,
    Niraj Bajaj
    Chairman & Managing Director
    Rajesh V. Shah
    Co-Chairman & Managing Director
    Place : Mumbai
    Date : 10th November, 2014.
 
Name of the Company: MUKAND LIMITED
Scrip Code (BSE)- 500460
Name of the scrip : MUKANDLTD
Class of security : EQUITY SHARES
Quarter Ended: 30th September, 2014
Statement Showing Shareholding Pattern
Table (I)(a)
Category
code
Category of
Shareholder
  Total number
of  shares
Number of shares held in dematerialized form Total shareholding as a percentage of total number of shares Shares Pledged or otherwise encumbered
          As a percentage of(A+B)1 As a percentage of (A+B+C) Number of shares As a percentage  
(I) (II) (III) (IV) (V) (VI) (VII) (VIII) (IX)= (VIII)/(IV)*100 
(A) Shareholding of Promoter and Promoter Group2
1 Indian              
(a) Individuals/ Hindu Undivided Family 22 41306997 41306997 29.21 29.21 21528904 52.12
(b) Central Government/ State Government(s) 0 0 0 0.00 0.00 0 0.00
(c) Bodies Corporate 13 62424011 62424011 44.15 44.15 8238886 13.20
(d) Financial Institutions/ Banks 0 0 0 0.00 0.00 0 0.00
(e) Any Others(Specify) 0 0 0 0.00 0.00 0 0.00
(e-i)   0 0 0 0.00 0.00 0 0.00
(e-ii)   0 0 0 0.00 0.00 0 0.00
                 
  Sub Total(A)(1) 35 103731008 103731008 73.36 73.36 29767790 28.70
                 
2 Foreign              
a Individuals (Non-Residents Individuals/
Foreign Individuals)
0 0 0 0.00 0.00 0 0.00
b Bodies Corporate 0 0 0 0.00 0.00 0 0.00
c Institutions 0 0 0 0.00 0.00 0 0.00
d Qualified Foreign Investor 0 0 0 0.00 0.00 0 0.00
e Any Others(Specify) 0 0 0 0.00 0.00 0 0.00
e-i   0 0 0 0.00 0.00 0 0.00
e-ii   0 0 0 0.00 0.00 0 0.00
                 
  Sub Total(A)(2) 0 0 0 0.00 0.00 0 0.00
                 
  Total Shareholding of Promoter     and Promoter Group (A)= (A)(1)+(A)(2) 35 103731008 103731008 73.36 73.36 29767790 28.70
                 
(B) Public shareholding              
1 Institutions              
(a) Mutual  Funds/ UTI 7 6007 5006 0.00 0.00 0 0.00
(b) Financial Institutions/ Banks 39 101415 96950 0.07 0.07 0 0.00
(c) Central Government/ State Government(s) 0 0 0 0.00 0.00 0 0.00
(d)  Venture  Capital Funds  0 0 0 0.00 0.00 0 0.00
(e) Insurance Companies 3 7244583 7244583 5.12 5.12 0 0.00
(f) Foreign Institutional Investors 11 163938 132975 0.12 0.12 0 0.00
(g) Foreign Venture Capital Investors 0 0 0 0.00 0.00 0 0..00
(h) Qualified Foreign Investor 0 0 0 0.00 0.00 0 0..00
(i) Any Other (specify) 0 0 0 0.00 0.00 0 0..00
(i-ii)         0.00 0.00 0 0..00
(i-ii)                
                 
  Sub-Total (B)(1) 60 7515943 7479514 5.32 5.32 0 0.00
                 
B 2 Non-institutions              
(a) Bodies Corporate 650 10012259 9569396 7.08 7.08 0 0.00
(b) Individuals              
I i. Individual shareholders holding nominal share capital up to Rs 1 lakh 43051 10288085 9299057 7.28 7.28 0 0.00
II ii. Individual shareholders holding nominal   share capital in excess of Rs. 1 lakh. 219 9244417 9074349 6.54 6.54 0 0.00
(c) Qualified Foreign Investor 0 0 0 0.00 0.00 0 0.00
(d) Any Other (specify) 0 0 0 0.00 0.00    
(d-i) Clearing Members 44 47229 47229 0.03 0.03 0 0.00
(d-ii) NRI's 232 566920 555968 0.40 0.40 0 0.00
                 
  Sub-Total (B)(2) 44196 30158910 28545999 21.33 21.33 0 0.00
                 
(B) Total         Public Shareholding (B)= (B)(1)+(B)(2) 44256 37674853 36025513 26.64 26.64 0 0.00
                 
  TOTAL (A)+(B) 44291 141405861 139756521 100.00 100.00 29767790 21.05
                 
(C) Shares  held  by Custodians and against     which Depository Receipts have been issued              
1 Promoter and Promoter Group  0 0 0   0.00 0 0.00
2 Public  0 0 0   0.00 0 0.00
  Sub-Total (C ) 0 0 0   0.00 0 0.00
                 
  GRAND TOTAL (A)+(B)+(C) 44291 141405861 139756521   100.00 29767790 21.05
 
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: 30th Sep, 2014
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 the category “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 12887156 9.11 0 0.00 0.00 0 0.00 0 0.00 9.11
3 Shri Rajesh V Shah 7200842 5.09 7200842 100.00 5.09 0 0.00 0 0.00 5.09
4 Shri Suketu V Shah  7169018 5.07 6396644 89.23 4.52 0 0.00 0 0.00 5.07
5 Shri Sanjivnayan Bajaj 1787 0.00 0 0.00 0.00 0 0.00 0 0.00 0.00
6 Shri Shekhar Bajaj 766094 0.54 0 0.00 0.00 0 0.00 0 0.00 0.54
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 Bajaj Auto Employees Welfare Funds  2245592 1.59 0 0.00 0.00 0 0.00 0 0.00 1.59
21 Shekharkumar Ramkrishnaji Bajaj (BELEWF) 121422 0.09 0 0.00 0.00 0 0.00 0 0.00 0.09
22 Shri Surendra Bhaichand Jhaveri (Mukand EWF) 326041 0.23 0 0.00 0.00 0 0.00 0 0.00 0.23
23 Akhil Investments & Traders Pvt Ltd 260 0.00 0 0.00 0.00 0 0.00 0 0.00 0.00
24 Bachhraj & Co Pvt Ltd 3350692 2.37 0 0.00 0.00 0 0.00 0 0.00 2.37
25 Bachhraj Factories Pvt Ltd 1378168 0.97 0 0.00 0.00 0 0.00 0 0.00 0.97
26 Bajaj Holdings & Investment Ltd 8113564 5.74 0 0.00 0.00 0 0.00 0 0.00 5.74
27 Bajaj Sevashram Pvt Ltd 2500160 1.77 0 0.00 0.00 0 0.00 0 0.00 1.77
28 Baroda Industries Pvt Ltd 14326616 10.13 0 0.00 0.00 0 0.00 0 0.00 10.13
29 Jamnalal Sons Pvt Ltd 26295522 18.60 3869090 14.71 2.74 0 0.00 0 0.00 18.60
30 Jeewan Limited  4785369 3.38 3688336 77.08 2.61 0 0.00 0 0.00 3.38
31 Mukand Engineers Ltd 1362400 0.96 681200 50.00 0.48 0 0.00 0 0.00 0.96
32 Niraj Holdings Pvt Ltd 1000 0.00 0 0.00 0.00 0 0.00 0 0.00 0.00
33 Sidya Investments Ltd 160000 0.11 0 0.00 0.00 0 0.00 0 0.00 0.11
34 Valiant Investments & Trades Pvt Ltd 260 0.00 260 100.00 0.00 0 0.00 0 0.00 0.00
35 Bahar Mercantile Ltd 150000 0.11 0 0.00 0.00 0 0.00 0 0.00 0.11
                       
TOTAL 103731008 73.36 29767790 28.70 21.05 0 0.00 0 0.00 73.36
(*) The term “encumbrance” has the same meaning as assigned to it in regulation 28(3) of the SAST Regulations, 2011
 
(I)(c)(i)Statement showing holding of securities (including shares, warrants, convertible securities) of persons belonging to the category “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 2035980 1.44 0 0.00 0 0.00 1.44
                0.00
                0.00
TOTAL 12843112 9.08 0 0.00 0 0.00 9.08
 
(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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