Investors e-Auction Annual Report
2014-2015
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    
       
          CIN L 99999 MH 1937 PLC 002726
 
MUKAND LIMITED
Regd. Office : Bajaj Bhawan, Jamnalal Bajaj Marg, 226, Nariman Point, Mumbai 400 021
STATEMENT OF AUDITED FINANCIAL RESULTS FOR THE TWELVE MONTHS AND QUARTER ENDED MARCH 31,2015
  Part - I         Rs. in lakhs
    Quarter ended Twelve months ended
  Particulars 31-Mar-15 31-Dec-14 31-Mar-14 31-Mar-15 31-Mar-14
    Audited Unaudited Audited Audited Audited
             
(1) INCOME FROM OPERATIONS          
a) Gross Sales 72,425.50 78,888.50 76,820.07 310,367.27 278,702.87
  Less : Excise Duty Recovered 7,419.73 7,579.42 7,667.81 30,949.08 27,259.75
  Net Sales 65,005.77 71,309.08 69,152.26 279,418.19 251,443.12
b) Other Operating Income 955.68 471.18 641.26 2,545.60 2,513.38
  Total Income from Operations 65,961.45 71,780.26 69,793.52 281,963.79 253,956.50
             
(2) EXPENSES          
a) Cost of materials consumed 32,542.61 34,794.92 34,970.38 138,423.04 131,564.71
b) Purchase of Stock in Trade 76.20 (1.75) 1,510.78 158.30 2,897.36
c) Changes in inventories of finished goods and work-in-progress (4,735.40) (3,998.46) (4,019.65) (13,731.83) (17,583.98)
d) Stores, Spares, Components, Tools, etc. consumed 12,117.13 10,219.57 10,713.68 44,195.12 41,438.23
e) Power & Fuel 4,402.06 5,083.24 5,077.31 19,347.64 20,382.28
f) Employee benefits expense 4,419.37 3,963.11 3,863.88 15,901.23 14,552.67
g) Foreign Exchange (Gain)/Loss (net) (563.41) 646.47 234.85 1,372.06 3,902.75
h) Depreciation and Amortisation expenses 1,927.26 1,875.41 1,744.94 7,496.96 6,704.09
i) Other Expenditure 8,806.98 11,634.91 11,534.78 42,481.99 38,766.81
  Total Expenses 58,992.80 64,217.42 65,630.95 255,644.51 242,624.92
(3) Profit/(Loss) from Operations before Other Income , Finance Costs, & Net Exceptional income/ (Expenditure) 6,968.65 7,562.84 4,162.57 26,319.28 11,331.58
(4) Other Income [Refer Note 3] 150.56 192.55 439.62 2,008.16 3,330.59
(5) Profit/(Loss) from Ordinary Activities before Finance Costs & Net Exceptional income/ (Expenditure) 7,119.21 7,755.39 4,602.19 28,327.44 14,662.17
(6) Less : Finance Costs (net) 7,112.56 6,962.93 6,206.09 26,608.79 24,388.96
(7) Profit / (Loss) from ordinary activities before Net Exceptional income / (Expenditure) 6.65 792.46 (1,603.90) 1,718.65 (9,726.79)
(8) Net Exceptional Income / (Expenditure) [Refer Note 4] (571.65) (311.29) (1,430.03) (1,505.52) (2,544.31)
(9) Profit / (Loss) before Tax (565.00) 481.17 (3,033.93) 213.13 (12,271.10)
(10) Tax Expense (157.67) 129.43 (2,154.85) 55.06 (3,469.74)
(11) Profit / (Loss) after Tax (407.33) 351.74 (879.08) 158.07 (8,801.36)
(12) Paid-up Equity Share Capital (Face value Rs 10/- per share) 14,141.74 14,141.74 14,141.74 14,141.74 14,141.74
(13) Reserves (excluding Revaluation Reserve)       31,801.67 32,480.15
(14) Earnings per Share (EPS) - Rs 0.00 0.00 0.00 0.00 0.00
  Basic and Diluted EPS (in Rs.)          
  - Including exceptional items (0.29) 0.25 (1.15) 0.11 (11.54)
  - Excluding exceptional items 0.12 0.47 0.72 1.18 (8.20)
             
             
  Part - II          
             
A PARTICULARS OF SHAREHOLDING          
             
(1) Public Shareholding          
  Number of Shares 40,367,908 37,674,853 37,674,853 40,367,908 37,674,853
  Percentage of Shareholding 28.55% 26.64% 26.64% 28.55% 26.64%
             
(2) Disclosure in respect of pledged shares of Promoters and Promoter Group          
             
  Shares held by Promoters & Promoter Group - Nos. (A) 101,037,953 103,731,008 103,731,008 101,037,953 103,731,008
  Percentage of Total Share Capital 71.45% 73.36% 73.36% 71.45% 73.36%
  Pledged / Encumbered - No. of Shares 18,341,015 40,442,751 16,090,431 18,341,015 16,090,431
  Percentage of Total Share Capital 12.97% 28.60% 11.38% 12.97% 11.38%
  Percentage of (A) 18.15% 38.99% 15.51% 18.15% 15.51%
             
  Non Encumbered - No. of Shares 82,696,938 63,288,257 87,640,577 82,696,938 87,640,577
  Percentage of Total Share Capital 58.48% 44.76% 61.98% 58.48% 61.98%
  Percentage of (A) 81.85% 61.01% 84.49% 81.85% 84.49%
             
             
    Quarter ended        
    31-Mar-15        
B INVESTOR COMPLAINTS          
  Pending at the beginning of the quarter Nil        
  Received during the quarter 26        
  Disposed off during the quarter 26        
  Remaining unresolved at the end of the quarter Nil        
             
             
  SEGMENT REVENUE (net of Excise Duty)          
             
1) Steel 61,373.91 68,374.01 64,105.71 265,668.18 237,067.95
2) Power Generation 816.16 880.30 1,097.05 3,674.09 4,548.57
3) Industrial Machinery 4,593.62 3,436.59 5,029.31 16,371.59 16,500.24
4) Road Construction 3.07 0.20 811.75 128.18 940.66
  Sub-total 66,786.76 72,691.10 71,043.82 285,842.04 259,057.42
             
  Less : Inter Segment Revenue (825.31) (910.84) (1,250.30) (3,878.25) (5,100.92)
             
  Total Segment Revenue (net of Excise Duty) 65,961.45 71,780.26 69,793.52 281,963.79 253,956.50
             
  SEGMENT RESULT          
1) Steel 6,408.90 7,156.63 2,537.95 22,839.30 4,297.72
2) Power Generation 629.42 714.21 992.86 3,043.94 4,075.86
3) Industrial Machinery 230.51 (2.33) 1,021.25 1,562.24 4,674.59
4) Road Construction (32.76) (51.50) (169.71) (139.60) (673.03)
  Less : Inter segment margin (0.15) (2.50) (21.61) (20.57) (73.83)
             
  Total Segment Result 7,235.92 7,814.51 4,360.74 27,285.31 12,301.31
             
  Add / (Less) :          
  Other net un-allocable :          
  Income 150.56 192.55 439.63 2,008.16 3,330.60
  Expenditure 267.27 251.67 198.18 966.03 969.74
  Other net un-allocable (expenditure) / income (116.71) (59.12) 241.45 1,042.13 2,360.86
  Profit /(Loss) before Finance costs 7,119.21 7,755.39 4,602.19 28,327.44 14,662.17
  Less : Finance costs (net) 7,112.56 6,962.93 6,206.09 26,608.79 24,388.96
  Net Exceptional - Income / (Expenditure) (571.65) (311.29) (1,430.03) (1,505.52) (2,544.31)
  Profit / (Loss) before tax (565.00) 481.17 (3,033.93) 213.13 (12,271.10)
             
  Capital Employed as on 31-Mar-15 31-Dec-14 31-Mar-14 31-Mar-15 31-Mar-14
             
1) Steel 362,103.16 357,284.50 336,671.76 362,103.16 336,671.76
2) Power Generation 4,282.51 4,366.89 4,622.01 4,282.51 4,622.01
3) Industrial Machinery 52,083.47 52,948.83 51,545.15 52,083.47 51,545.15
4) Road Construction 12,848.46 12,839.17 13,624.87 12,848.46 13,624.87
5) Unallocable (net) (219,233.81) (215,208.97) (193,262.60) (219,233.81) (193,262.60)
             
  Total Net Capital Employed 212,083.79 212,230.42 213,201.19 212,083.79 213,201.19
 
Statement of Assets and Liabilities as on 31-Mar-15 31-Mar-14
       
A EQUITY AND LIABILITIES    
(1) Shareholders' Funds    
  (a) Share Capital 14,704.37 14,704.37
  (b) Reserves and surplus 197,379.42 198,496.82
  Sub-total Shareholders' Funds 212,083.79 213,201.19
       
(2) Non Current Liabilities    
  (a) Long-term borrowings 150,158.38 110,809.04
  (b) Other long term liabilities 400.00 1,386.44
  (c) Long-term provisions 3,931.02 3,567.57
  Sub total Non Current Liabilities 154,489.40 115,763.05
       
(3) Current Liabilities    
  (a) Short-term borrowings 82,934.77 78,763.95
  (b) Trade payables 91,147.91 85,023.83
  (c) Other current liabilities 42,764.29 64,702.41
  (d) Short-term provisions 581.41 428.86
  Sub total Current Liabilities 217,428.38 228,919.05
       
  TOTAL EQUITY AND LIABILITIES 584,001.57 557,883.29
       
B ASSETS    
(1) Non Current Assets    
  (a) Fixed Assets 247,393.10 253,622.19
  (b) Non-current investments 25,099.14 25,098.15
  (c) Deferred tax Assets (net) 4,532.22 4,215.52
  (d) Long-term loans and advances 10,632.98 12,559.44
  (e) Other non-current assets 4,828.09 4,828.09
  Non Current Assets 292,485.53 300,323.39
       
(2) Current Assets    
  (a) Inventories 142,358.03 123,516.75
  (b) Trade receivables 98,649.57 90,223.47
  (c) Cash and Bank Balances 7,987.27 8,488.37
  (d) Short-term loans and advances 24,091.64 19,254.79
  (e) Other Current Assets 18,429.53 16,076.52
  Sub total Current Assets 291,516.04 257,559.90
       
  TOTAL ASSETS 584,001.57 557,883.29
 
MUKAND LTD. (CONSOLIDATED)
AUDITED CONSOLIDATED FINANCIAL RESULTS FOR THE YEAR ENDED MARCH 31, 2015
    Rupees in lakhs
    Year Year
    ended ended
    31-Mar-15 31-Mar-14
    Audited Audited
       
1 INCOME FROM OPERATIONS    
a) Gross Sales 334,721 280,013
  Less : Excise Duty Recovered 37,511 31,597
  Net Sales 297,210 248,416
b) Other Operating Income 2,588 3,295
  Total Income from Operations 299,798 251,711
       
2 EXPENSES    
a) Cost of Raw Materials Consumed 154,196 129,285
b) Purchases of stock-in-trade 580 212
c) Changes in inventories of finished goods and work-in-progress (14,701) (18,272)
d) Stores, Spares, Components, Tools, etc. consumed 44,227 41,452
e) Power & Fuel 19,400 20,397
f) Employee benefits expense 16,046 14,665
g) Foreign Exchange (Gain) / Loss (net) 1,486 3,835
h) Depreciation and Amortization expense 7,649 6,772
i) Other Expenditure 42,375 41,859
  Total Expenses 271,258 240,205
       
3 Profit from Operations before Other Income, Finance Costs & Exceptional Items 28,540 11,506
       
4 Other Income 1,880 3,340
       
5 Profit from ordinary activites before Finance Costs & Exceptional Items 30,420 14,846
       
6 Finance Costs (net) (27,572) (25,395)
       
7 Profit / (Loss) from ordinary activites before Exceptional Items 2,848 (10,549)
       
8 Exceptional Items - Expenditures (1,511) (1,259)
       
9 Profit / (Loss) from ordinary activities before tax 1,337 (11,808)
       
10 Tax Expense (161) 3,345
       
11 Profit / (Loss) from ordinary activities after tax 1,176 (8,463)
       
12 Prior Period Adjustments (including Share in Associates/Joint Venrture) - -
       
13 Share of Profit / (Loss) in Associates (net) 60 66
       
14 Minority Interest (122) (53)
       
15 Profit / (Loss) for the period 1,114 (8,450)
       
16 Paid-up Equity Share Capital (Face value Rs. 10/- per Share) 14,142 14,142
       
17 Reserves excluding revaluation reserve 6,934 6,618
       
18 Basic and Diluted EPS - (in Rs.)    
  - Including exceptional items - (in Rs.) 0.79 (11.08)
  - Excluding exceptional items- (in Rs.) 1.86 (9.43)
 
MUKAND LTD. (CONSOLIDATED)
       
STATEMENT OF ASSETS AND LIABILITIES AS ON  31-Mar-15 31-Mar-14
    Audited Audited
    Rupees in lakhs
A EQUITY AND LIABILITIES    
1 Sharehoders' funds    
(a) Capital 14,705 14,705
(b) Reserves and Surplus 172,511 172,634
  Sub-Total - Shareholders' Funds 187,216 187,339
       
2 Minority Interest 11,003 10,881
       
3 Non-Current Liabilities    
(a) Long Term Borrowings 154,632 116,158
(b) Deferred Tax Liabilities (net) 175 70
(b) Other Long Term Liabilities 400 1,386
(c) Long Term Provisions 3,969 3,579
  Sub-Total - Non-Current Liabilities 159,176 121,193
       
4 Current Liabilities    
(a) Short Term Borrowings 84,154 79,301
(b) Trade Payables 92,464 85,454
(c) Other Current Liabilities 56,052 78,599
(d) Short Term Provisions 714 459
  Sub-Total - Current Liabilities 233,384 243,813
       
  TOTAL - EQUITY AND LIABILITIES 590,779 563,226
       
B ASSETS    
1 Non-Current Assets    
(a) Fixed Assets 249,845 255,245
(b) Non-Current Investments 3,830 3,929
(c) Deferred Tax Assets (net) 4,535 4,216
(d) Long Term Loans and Advances 12,199 14,561
(e) Other Non-Current Assets 5,007 4,909
  Sub-Total - Non-Current Assets 275,416 282,860
       
2 Current Assets    
(a) Inventories 145,880 125,912
(b) Trade Receivables 100,975 93,285
(c) Cash and Bank Balances 8,977 9,804
(d) Short Term Loans and Advances 40,448 34,304
(e) Other Current Assets 19,083 17,061
  Sub-Total - Current Assets 315,363 280,366
       
  TOTAL - ASSETS 590,779 563,226
 

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 March’2015. 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 31.03.2015:
  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 March'2015. After close of the year, Company has realised an amount of Rs.500 Lakhs towards the advances due from VCL. 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 marginally to Rs.8,173 Lakhs as at 31.03.2015 due to increase in supplies. Recovery towards current 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, 2015 which is at Rs.6,694 Lakhs and value of current assets of Rs.1,520 Lakhs. It further relies upon future earnings from the ongoing business of BFL. The management considers the balance 'Exposures' to be 'Good' at the close of the year 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.731 Lakhs as at 31st March 2014, has remained at Rs.731 Lakhs as at 31.03.2015. The management relies upon the realization from Land of SIL. The management considers the balance 'Exposures' to be 'Good' at the close of the year 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 has reduced to Rs.12,680 Lakhs as at 31.03.2015. The outcome of the Road Construction activity cannot be estimated with certainty at present. The amount of total claims with NHAI now aggregates Rs.22,336 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 year
       
  4. Other income for the year ended 31st March 2015 of Rs.2008 Lakhs includes surplus amounting to Rs.1,049 Lakhs on sale of part of Office premises as compared to Rs.3,330 Lakhs for the year ended 31st March'2014 which included surplus amounting to Rs.1,844 Lakhs on sale of residential premises.
  5. Net Exceptional Expenditure for the year ended 31st March 2015 amounting to Rs.1,506 Lakhs includes: i) Rs.1,245 Lakhs towards proportionate charge for the year of ad hoc amount payable to CDR Lenders, ii) bad debts written off on account of waiver of interest for earlier years to a customer – Rs.266 Lakhs, , iii) write back of provision made in an earlier year for diminution in the value of investment on its disposal - Rs.5 Lakhs.
  6. Shareholders have approved transfer of alloy steel business as a going concern to a subsidiary of the Company – Mukand Alloy Steels Private Limited by results of a postal ballot on 18th February 2015. Company and Mukand Alloy Steels Private Limited accordingly have executed Business Transfer Agreement on 14th March 2015 subject to receipt of various approvals. Company is in the process of obtaining various approvals. In view of this, no further disclosures are deemed necessary in terms of Accounting Standard – 24 Discontinued Operations.
  7. Consolidated accounts include: (i) the audited results of the four wholly owned subsidiaries, Mukand Global Finance Limited, Vidyavihar Containers Limited, Mukand International FZE and Mukand International Limited, (ii) the audited results of the subsidiaries, Mukand Sumi Metal Processing Ltd and Mukand Alloy Steels Private Limited, (iii) the pro-rata share in the audited results of associate companies, Mukand Engineers Ltd., and Hospet Steels Ltd., and Joint Venture, Mukand Vini Mineral Ltd., (iv) the pro-rata share in the unaudited results of associate companies, Bombay Forgings Ltd., and Stainless India Ltd.
  8. The figures of last quarter are the balancing figures between audited figures in respect of full financial year and the published year to date figures upto the third quarter of the current financial year.
  9. Figures in respect of previous year / quarter have been regrouped / recast wherever necessary.
  10. The above results have been reviewed by the Audit Committee and approved by the Board of Directors at their meeting held on 29th May'2015.
 
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 :29th May’2015
 
 
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   June 30, 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 3,881,200 6.09
(d) Financial Institutions/Banks   - -        
(e) Any other (Specify)   - -        
  Sub-Total (A)(1) 37 101,037,953 101,037,953 71.45 71.45 21,541,015 21.32
                 
(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 21,541,015 21.32
                 
(B) Public Shareholding              
(1) Institutions              
(a) Mutual Funds/UTI 6 2,125 1,124 0.00 0.00    
(b) Financial Institutions/Banks 39 101,195 97,050 0.07 0.07    
(c) Central Government/ State Government(s)   - -        
(d) Venture Capiral funds   - -        
(e) Insurance Companies 3 7,244,583 7,244,583 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) 58 7,378,866 7,342,757 5.22 5.22    
                 
(2) Non-institutions              
(a) Bodies Corporate 584 9,700,346 9,257,483 6.86 6.86    
(b) Individuals              
I (i) Individual shareholders holding              
  nominal share capital up to Rs 1 lakh 41,826 10,312,787 9,342,479 7.29 7.29    
II (ii) Individual shareholders holding              
  nominal share capital in excess              
  of Rs. 1 laks 228 9,640,765 9,470,697 6.82 6.82    
(c) Qualified Foreign Investor 0 0 0 0.00 0.00    
(d) Any other (Specify)              
I Clearing Members 38 58,827 58,827 0.04 0.04    
II NRI's 235 583,262 572,072 0.41 0.41    
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) 42,914 32,989,042 31,394,613 23.33 23.33    
                 
  Total Public Shareholding              
  (B)=(B)(1) + (B)(2) 42,972 40,367,908 38,737,370 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) 43,009 141,405,861 139,775,323 100.00 100.00 21,541,015 15.23
 
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 3,26,041 0.23
BEL Employees Welfare Funds 1,21,422 0.09
BHIL Employees Welfare Funds 22,45,592 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 : 30th June, 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 3200000 66.87 2.26 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 21541015 21.32 15.23 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 3,26,041 0.23
BEL Employees Welfare Funds 1,21,422 0.09
BHIL Employees Welfare Funds 22,45,592 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 2120511 1.50 0 0.00 0 0.00 1.50
                0.00
                0.00
TOTAL 12927643 9.14 0 0.00 0 0.00 9.14
 
(I)(c)(ii) Statement showing holding of securities (including shares, warrants, convertible securities) of persons (together withPAC) 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 held by "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
 
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