Investors e-Auction Annual Report
2012-2013
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 QUARTER ENDED DECEMBER 31,2013
        Rs. in lakhs
    Three months ended Nine months ended Year ended
  Particulars 31-Dec-13 30-Sep-13 31-Dec-12 31-Dec-13 31-Dec-12 31-Mar-13
    Unaudited Unaudited Unaudited Unaudited Unaudited Audited
               
(1) INCOME FROM OPERATIONS            
               
a) Gross Sales 67,875.49 68,682.06 50,543.47      
  Less : Excise Duty Recovered 6,292.35 6,789.47 4,833.58 19,591.94 16,789.91 22,128.22
  Net Sales  61,583.14 61,892.59 45,709.89      
b) Other Operating Income  412.08 498.20 460.94 1,872.12 6,226.37 6,699.84
  Total Income from Operations 61,995.22 62,390.79 46,170.83      
               
(2) EXPENSES            
a) Cost of materials consumed 35,706.75 30,754.72 24,526.00 96,594.33 87,072.24  
b) Purchase of Stock in Trade 1,386.58     1,386.58    
c) Changes in inventories of finished goods and work-in-progress  (9,807.58) (1,252.90) (4,137.49) (13,564.33) (3,184.16) (6,113.44)
d) Stores, Spares, Components,  Tools, etc. consumed 10,672.31 9,822.59 6,757.34 30,724.55 23,741.59 32,315.13
e) Power & Fuel  5,427.27 4,998.83 4,460.23 15,304.97 13,342.85 17,820.10
g) Employee benefits expense 3,718.49 3,486.76 3,464.11 10,688.79 10,261.07 13,653.12
h) Depreciation and Amortisation expenses 1,670.52 1,658.45 1,583.58 4,959.15 4,763.79 6,415.22
i) Other Expenditure  9,636.01 10,927.09 7,183.59 30,899.93 23,588.59 31,563.07
  Total Expenses 58,410.35 60,395.54 43,837.36 176,993.97 159,585.97 207,776.38
(3) Profit/(Loss)  from Operations before Other Income , Finance Costs, & Net Exceptional income/ (Expenditure) 3,584.87 1,995.25 2,333.47 7,169.01 1,121.22 4,847.81
(4) Other Income [Refer Note 2] 2,297.27 482.18 240.64 2,890.97 785.03 1,087.41
(5) Profit/(Loss) from Ordinary Activities before Finance Costs & Net Exceptional income/ (Expenditure) 5,882.14 2,477.43 2,574.11 10,059.98 1,906.25 5,935.22
(6) Less : Finance Costs (net) 6,319.84 5,881.90 5,325.92 18,182.87 15,278.80 21,538.08
(7) (Loss) from ordinary activities before Net Exceptional income / (Expenditure)   (437.70) (3,404.47) (2,751.81) (8,122.89) (13,372.55) (15,602.86)
(8) Net Exceptional Income / (Expenditure) [Refer Note 3] (1,086.29) (309.39)   (1,114.28) 10,832.63 10,832.63
(9) Profit / (Loss) before Tax  (1,523.99) (3,713.86) (2,751.81) (9,237.17) (2,539.92) (4,770.23)
(10) Less : Tax Expense [(Deferred Tax Credit) / Charge] (192.89) (592.00) (824.08) (1,314.89) (824.08) (824.08)
(11) Profit/ (Loss) after Tax (1,331.10) (3,121.86) (1,927.73) (7,922.28) (1,715.84) (3,946.15)
               
  Paid-up Equity Share Capital                                        (Face value Rs 10/- per share) 7,312.57 7,312.57 7,312.57 7,312.57 7,312.57 7,312.57
               
  Reserves (excluding Revaluation Reserve)           33,871.71
               
  Earnings per Share (EPS)  - Rs            
  Basic and Diluted EPS (in Rs.)            
  - Including exceptional items (1.82) (4.27) (2.64) (10.84) (2.35) (5.40)
  - Excluding exceptional items (0.33) (3.85) (2.64) (9.31) (17.16) (20.21)
               
               
  Part - II            
               
A PARTICULARS OF SHAREHOLDING            
               
(1) Public Shareholding            
  Number of Shares            
  Percentage of Shareholding 45.67% 46.28% 42.84% 45.67% 42.84% 46.41%
(2) Disclosure  in respect  of  pledged shares of Promoters and Promoter Group  
  Shares held by Promoters & Promoter Group - Nos. (A)            
  Percentage of Total Share Capital 54.33% 53.72% 57.16% 54.33% 57.16% 53.59%
  Pledged / Encumbered - No. of Shares            
  Percentage of Total Share Capital 19.66% 22.01% 25.07% 19.66% 25.07% 21.48%
  Percentage of (A) 36.20% 40.96% 43.85% 36.20% 43.85% 40.08%
               
  Non Encumbered - No. of Shares            
  Percentage of Total Share Capital 34.67% 31.71% 32.09% 34.67% 32.09% 32.11%
  Percentage of (A) 63.80% 59.04% 56.15% 63.80% 56.15% 59.92%
               
    Quarter ended 31-12-2013
B INVESTOR COMPLAINTS            
               
  Pending at the beginning of the quarter Nil          
  Received during the quarter 18          
  Disposed off during the quarter 18          
  Remaining unresolved at the end of the quarter Nil          
               
  SEGMENT REVENUE (net of Excise Duty)            
               
(1) Steel 59,089.37 57,537.88 42,583.69      
(2) Power Generation 1,285.17 1,080.39 136.27 3,451.52 1,547.37 2,213.39
(3) Industrial Machinery  2,997.79 5,087.84 3,690.02 11,470.93 10,135.04 16,250.03
(4) Road Construction 0.05   3.90 128.91 4,492.62 5,750.94
  Sub-total 63,372.38 63,706.11 46,413.88      
  Less : Inter Segment Revenue (1,377.16) (1,315.32) (243.05) (3,850.62) (1,809.65) (2,772.06)
  Total Segment Revenue  (net of Excise Duty) 61,995.22 62,390.79 46,170.83      
               
  SEGMENT RESULT            
               
(1) Steel 1,837.78 (1.43) 2,618.65 1,759.77 351.87 2,728.26
(2) Power Generation 1,167.70 950.77 23.65 3,083.00 1,152.48 1,677.88
(3) Industrial Machinery  1,060.96 1,436.99 377.77 3,653.34 1,254.26 2,768.29
(4) Road Construction (169.39) (111.90) (181.80) (503.32) (533.93) (1,041.68)
  Less : Inter  segment margin (9.89) (34.20) (12.20) (52.22) (25.59) (69.97)
  Total Segment Result 3,887.16 2,240.23 2,826.07 7,940.57 2,199.09 6,062.78
  Add / (Less) :            
  Other net un-allocable :            
  Income 2,297.27 482.18 240.64 2,890.97 785.04 1,087.41
  Expenditure 302.29 244.98 492.60 771.56 1,077.88 1,214.97
  Other net un-allocable (expenditure) / income 1,994.98 237.20 (251.96) 2,119.41 (292.84) (127.56)
  Profit /(Loss) before Finance costs 5,882.14 2,477.43 2,574.11 10,059.98 1,906.25 5,935.22
  Less : Finance costs  (net) 6,319.84 5,881.90 5,325.92 18,182.87 15,278.80 21,538.08
  Net Exceptional - Income / (Expenditure) (1,086.29) (309.39)   (1,114.28) 10,832.63 10,832.63
  Profit / (Loss) before tax  (1,523.99) (3,713.86) (2,751.81) (9,237.17) (2,539.92) (4,770.23)
  Capital Employed as on 31-Dec-13 30-Sep-13 31-Dec-12 31-Dec-13 31-Dec-12 31-Mar-13
(1) Steel            
(2) Power Generation 4,603.00 4,649.82 4,851.54 4,603.00 4,851.54 4,838.26
(3) Industrial Machinery  49,902.76 49,208.57 42,286.85 49,902.76 42,286.85 42,213.22
(4) Road Construction 13,802.74 13,969.36 14,752.33 13,802.74 14,752.33 14,269.77
(5) Unallocable (net) (195,317.13) (190,555.96) (182,808.25) (195,317.13) (182,808.25)  
  Total Net Capital Employed 203,398.45 201,345.54 210,538.85 203,398.45 210,538.85 208,202.49
 
       
  Statement of Assets and Liabilities as on 30-Sep-13 31-Mar-13
       
A EQUITY AND LIABILITIES    
       
(1)  Shareholders' Funds    
  (a) Share Capital 7,875.20 7,875.20
  (b) Reserves and surplus 193,470.34 200,327.29
   Sub-total Shareholders' Funds 201,345.54 208,202.49
       
(2) Non Current Liabilities     
  (a) Long-term borrowings 100,725.48 85,672.22
  (b) Other long term liabilities 1,418.18 1,202.67
  (c) Long-term provisions 3,149.00 3,004.91
  Sub total Non Current Liabilities  105,292.66 89,879.80
       
(3) Current Liabilities     
  (a) Short-term borrowings 82,616.28 88,460.54
  (b) Trade payables 79,484.96 65,585.04
  (c) Other current liabilities 66,757.99 63,931.28
  (d) Short-term provisions 347.70 291.06
  Sub total Current Liabilities  229,206.93 218,267.92
  TOTAL EQUITY AND LIABILITIES 535,845.13 516,350.21
       
B ASSETS    
       
(1)  Non Current Assets    
  (a) Fixed Assets 254,567.99 255,362.86
  (b) Non-current investments 26,122.61 22,780.44
  (c) Deferred tax assets (net)  1,946.08 824.08
  (d) Long-term loans and advances 14,300.81 11,248.56
  (e) Other non-current assets 4,828.26 4,828.26
   Non Current Assets 301,765.75 295,044.20
       
(2)  Current Assets    
  (a) Inventories 106,011.24 103,464.14
  (b) Trade receivables 104,742.30 93,526.13
  (c) Cash and Bank Balances 6,340.65 7,480.48
  (d) Short-term loans and advances 16,784.06 16,642.11
  (e) Other Current  Assets 201.13 193.15
   Sub total Current Assets 234,079.38 221,306.01
  TOTAL ASSETS 535,845.13 516,350.21
 

Notes:

  1. Management's response to the qualifications / observations of the auditors on the financial statements for the year ended 31.03.2013 :
  2. a
    Advances due from and investments made in Vidyavihar Containers Limited (VCL), aggregating Rs. 7,637 Lakhs as at 31st March 2013 remains same as at 31st Dec. 2013. The Company, barring unforeseen circumstances, relies upon the estimation of future realizable values of the financial assets of VCL to recover its Exposures;
       
    b
    Investments made in Mukand Global Finance Limited (MGFL), aggregating Rs.2,625 Lakhs as at 31st March 2013 remains same as at 31st Dec. 2013. The recovery out of this investment 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.
       
    cThe investments in and debts / advances due from Bombay Forgings Limited (BFL), which stood at Rs.7,651 Lakhs as at 31.03.2013 has increased to Rs.8,547 Lakhs as at 31.12.2013 due to current supplies on credit. Recovery towards these supplies will be made by 31st March 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, 2013 which is at Rs.7,189 Lakhs, 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 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.1,411 Lakhs as at 31st March 2013, has reduced to Rs.777 Lakhs as at 31.12.2013. The management relies upon the proceeds from disposal of Land and Building of SIL as at 31.03.2013. 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 31.03.2013 aggregated Rs.14,168 Lakhs (represented by contracts in progress Rs. 8,002 Lakhs and trade dues of Rs. 6,166 Lakhs) and is now at Rs.13,698 Lakhs as at 31.12.2013 (represented by contracts in progress Rs.7,538 Lakhs and trade dues of Rs.6,160 Lakhs). Although the outcome of the Road Construction activity cannot be estimated with reliability at present, it is the opinion of the management that in view of the substantially large claims aggregating Rs.16,173 Lakhs as at 31.12.2013 (amount as at 31.03.2013 Rs.16,433 Lakhs) of CDS for incremental jobs executed, escalations and time over-runs to be settled progressively over a period of 2 to 3 years, losses currently expected are already recognized till the close of the Quarter.
       
  3. Other income includes surplus amounting to Rs.1,844 Lakhs on sale of residential premises.
  4. Net Exceptional Expenditure of Rs.1,086 Lakhs represents :
  5. a
    Adhoc amount payable to CDR Lenders amounting to Rs.311 Lakhs :
    During the quarter ended 30th 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.
       
    b
    Provision for diminution in value of investment in the shares of Bekaert Wire Industries Private Limited amounting to Rs.775 Lakhs as company sold its entire shareholding costing Rs.1,300 Lakhs in its erstwhile joint venture company on January 11, 2014 for Rs.525 Lakhs to Bekaert Industries Private Limited.
       
  6. In respect of issue of equity shares on a Rights basis at an issue price of Rs.21/- per share in the ratio of 1:1 to the existing equity shareholders of the Company, letter of offer has been filed with the Stock Exchanges on 30th January, 2014 with record date for rights entitlement fixed as 11th February, 2014. The issue is scheduled to open on 20th February, 2014 and close on 6th March, 2014.

  7. Figures for the corresponding nine months ended 31st December 2012 includes business of cold finished bars and wires upto 30th September 2012, which was subsequently transferred to the subsidiary and hence the figures are not comparable.

  8. Figures in respect of previous year / quarter have been regrouped / recast wherever necessary.

  9. The above results have been reviewed by the Audit Committee and approved by the Board of Directors at their meeting held on 13th February, 2014. Statutory Auditors have carried out a "Limited Review" of the financial results shown above.


  10. 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 : 13th February, 2014.
Name of the Company: MUKAND LIMITED
Scrip Code (BSE)- 500460
Name of the scrip : MUKANDLTD
Class of security : EQUITY SHARES
Quarter Ended: 31 December 2013
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 21 12678546 12678546 17.34 17.34 7851545 61.93
(b) Central Government/ State Government(s) 0 0 0 0.00 0.00 0 0.00
(c) Bodies Corporate 13 26600258 26600258 36.38 36.38 8238886 30.97
(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) 34 39278804 39278804 53.72 53.72 16090431 40.96









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) 34 39278804 39278804 53.72 53.72 16090431 40.96









(B) Public shareholding






1 Institutions






(a) Mutual Funds/ UTI 7 6007 5006 0.01 0.01 0 0.00
(b) Financial Institutions/ Banks 41 101439 96950 0.14 0.14 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 9.91 9.91 0 0.00
(f) Foreign Institutional Investors 12 908621 877658 1.24 1.24 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) 63 8260650 8224197 11.30 11.30 0 0.00









B 2 Non-institutions






(a) Bodies Corporate 626 8740878 8298198 11.96 11.96 0 0.00
(b) Individuals






I Individuals -i. Individual shareholders holding nominal share capital up to Rs 1 lakh 45265 10567466 9579832 14.45 14.45 0 0.00
II ii. Individual shareholders holding nominal share capital in excess of Rs. 1 lakh. 157 5887679 5717611 8.05 8.05 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 34 19981 19981 0.03 0.03 0 0.00
(d-ii) NRI's 233 358671 347426 0.49 0.49 0 0.00










Sub-Total (B)(2) 46315 25574675 23963048 34.98 34.98 0 0.00









(B) Total Public Shareholding (B)= (B)(1)+(B)(2) 46378 33835325 32187245 46.28 46.28 0 0.00










TOTAL (A)+(B) 46412 73114129 71466049 100.00 100.00










(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) 46412 73114129 71466049
100.00 16090431 22.01
 
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: 31 December 2013




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
73114129
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 101822 0.14 0 0.00 0.00 0 0.00 0 0.00 0.14
2 Shri Niraj Bajaj 1843578 2.52 0 0.00 0.00 0 0.00 0 0.00 2.52
3 Shri Rajesh V Shah 3644642 4.98 3644642 100.00 4.98 0 0.00 0 0.00 4.98
4 Shri Suketu V Shah 3647668 4.99 3063294 83.98 4.19 0 0.00 0 0.00 4.99
5 Shri Sanjivnayan Bajaj 787 0.00 0 0.00 0.00 0 0.00 0 0.00 0.00
6 Shri Shekhar Bajaj 33047 0.05 0 0.00 0.00 0 0.00 0 0.00 0.05
7 Shri Madhur Bajaj 3100 0.00 0 0.00 0.00 0 0.00 0 0.00 0.00
8 Late Ruparani Bajaj 200 0.00 0 0.00 0.00 0 0.00 0 0.00 0.00
9 Shri Anant Bajaj 43200 0.06 0 0.00 0.00 0 0.00 0 0.00 0.06
10 Smt Sunaina Kejriwal 363 0.00 0 0.00 0.00 0 0.00 0 0.00 0.00
11 Smt Suman Jain 3744 0.01 0 0.00 0.00 0 0.00 0 0.00 0.01
12 Smt Anjana Viren Shah ( Nee Anjana Munsif ) 30634 0.04 0 0.00 0.00 0 0.00 0 0.00 0.04
13 Shri Narendrakumar J Shah 99605 0.14 0 0.00 0.00 0 0.00 0 0.00 0.14
14 Smt Jyoti Shah 21117 0.03 0 0.00 0.00 0 0.00 0 0.00 0.03
15 Smt Bansri Rajesh Shah 615586 0.84 615586 100.00 0.84 0 0.00 0 0.00 0.84
16 Smt Czaee Sukumar Shah 551882 0.75 0 0.00 0.00 0 0.00 0 0.00 0.75
17 Priyaradhika Rajesh Shah 480023 0.66 480023 100.00 0.66 0 0.00 0 0.00 0.66
18 Kaustubh Rajesh Shah 48000 0.07 48000 100.00 0.07 0 0.00 0 0.00 0.07
19 Bajaj Auto Employees Welfare Funds 1122796 1.54 0 0.00 0.00 0 0.00 0 0.00 1.54
20 Shekharkumar Ramkrishnaji Bajaj (BELEWF) 60711 0.08 0 0.00 0.00 0 0.00 0 0.00 0.08
21 Shri Surendra Bhaichand Jhaveri (Mukand EWF) 326041 0.45 0 0.00 0.00 0 0.00 0 0.00 0.45
22 Akhil Investments & Traders Pvt Ltd 260 0.00 0 0.00 0.00 0 0.00 0 0.00 0.00
23 Bachhraj & Co Pvt Ltd 1675346 2.29 0 0.00 0.00 0 0.00 0 0.00 2.29
24 Bachhraj Factories Pvt Ltd 689084 0.94 0 0.00 0.00 0 0.00 0 0.00 0.94
25 Bajaj Holdings & Investment Ltd 4056782 5.55 0 0.00 0.00 0 0.00 0 0.00 5.55
26 Bajaj Sevashram Pvt Ltd 1250080 1.71 0 0.00 0.00 0 0.00 0 0.00 1.71
27 Baroda Industries Pvt Ltd 3616 0.00 0 0.00 0.00 0 0.00 0 0.00 0.00
28 Jamnalal Sons Pvt Ltd 13147761 17.98 3869090 29.43 5.29 0 0.00 0 0.00 17.98
29 Jeewan Limited 4785369 6.55 3688336 77.08 5.04 0 0.00 0 0.00 6.55
30 Mukand Engineers Ltd 681200 0.93 681200 100.00 0.93 0 0.00 0 0.00 0.93
31 Niraj Holdings Pvt Ltd 500 0.00 0 0.00 0.00 0 0.00 0 0.00 0.00
32 Sidya Investments Ltd 160000 0.22 0 0.00 0.00 0 0.00 0 0.00 0.22
33 Valiant Investments & Trades Pvt Ltd 260 0.00 260 100.00 0.00 0 0.00 0 0.00 0.00
34 Bahar Mercantile Ltd 150000 0.21 0 0.00 0.00 0 0.00 0 0.00 0.21












TOTAL 39278804 53.72 16090431 40.96 22.01 0 0.00 0 0.00 53.72












(*) 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 9.89 0 0.00 0 0.00 9.89
2 SHINANO RETAIL PRIVATE LIMITED 3579056 4.90 0 0.00 0 0.00 4.90
3 RAKESH SAJJAN GUPTA 1592592 2.18 0 0.00 0 0.00 2.18
4 FUSION INVESTMENTS AND FINANCIAL SERVICES PVT. LTD. 806180 1.10 0 0.00 0 0.00 1.10
5 CLSA (MAURITIUS) LIMITED 796036 1.09 0 0.00 0 0.00 1.09
TOTAL 14001940 19.15 0 0.00 0 0.00 19.15
 
(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 9.89 0 0.00 0 0.00 9.89
                 
                 
                 
                 
                 
                 
                 
                 
                 
                 
TOTAL 7228076 9.89 0 0.00 0 0.00 9.89
 
(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
         
         
         
         
         
         
         
         
         
&nb