Investors e-Auction Annual Report
2011-2012		 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 AUDITED FINANCIAL RESULTS FOR THE QUARTER & TWELVE MONTHS ENDED MARCH 31,2013






Rs. in lakhs


Three months ended Twelve months ended

Particulars 31-Mar-13 31-Dec-12 31-Mar-12 31-Mar-13 31-Mar-12


Unaudited Unaudited Unaudited Audited Audited







(1) INCOME FROM OPERATIONS











a) Gross Sales 56,781.84 50,543.47 70,648.41 228,052.57 276,077.03

Less : Excise Duty Recovered 5,338.31 4,833.58 5,946.74 22,128.22 23,445.30

Net Sales 51,443.53 45,709.89 64,701.67 205,924.35 252,631.73
b) Other Operating Income 473.47 460.94 1,391.92 6,699.84 3,965.24

Total Income from Operations 51,917.00 46,170.83 66,093.59 212,624.19 256,596.97







(2) EXPENSES




a) Cost of materials consumed 25,050.94 24,526.00 28,924.06 112,123.18 135,169.96
b) Changes in inventories of finished goods and work-in-progress (2,929.28) (4,137.49) 7,540.10 (6,113.44) (1,977.81)
c) Stores, Spares, Components, Tools, etc. consumed 8,573.54 6,757.34 9,568.56 32,315.13 37,818.46
d) Power & Fuel 4,477.25 4,460.23 4,806.10 17,820.10 20,653.49
e) Employee benefits expense 3,392.05 3,464.11 3,102.77 13,653.12 13,185.23
f) Depreciation and Amortisation expenses 1,651.43 1,583.58 1,661.25 6,415.22 6,572.33
g) Unrealised Foreign Exchange Loss / (Gain) (594.56) (340.97) (946.18) (63.71) 1,668.18
h) Other Expenditure 8,569.04 7,524.56 10,911.35 31,626.78 37,147.15

Total Expenses 48,190.41 43,837.36 65,568.01 207,776.38 250,236.99
(3) Profit from Operations before Other Income , Finance Costs & Net Exceptional income 3,726.59 2,333.47 525.58 4,847.81 6,359.98
(4) Other Income 302.38 240.64 296.42 1,087.41 989.19
(5) Profit from Ordinary Activities before Finance Costs & Exceptional income 4,028.97 2,574.11 822.00 5,935.22 7,349.17
(6) Less: Finance Costs (net) 6,259.28 5,325.92 4,982.37 21,538.08 18,186.66
(7) (Loss) from ordinary activities before Exceptional income (2,230.31) (2,751.81) (4,160.37) (15,602.86) (10,837.49)
(8) Net Exceptional - Income / (Expenditure)       10,832.63  
(9) (Loss) from ordinary activities before Tax (2,230.31) (2,751.81) (4,160.37) (4,770.23) (10,837.49)
(10) Less : Tax Expense (Deferred Tax)   (824.08)   (824.08) (1,487.81)
(11) (Loss) from ordinary activities after Tax (2,230.31) (1,927.73) (4,160.37) (3,946.15) (9,349.68)







(12) 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







(13) Reserves (excluding Revaluation Reserve)


33,871.71 37,814.18







(14) Earnings per Share (EPS) - Rs          

Basic and Diluted EPS (in Rs.)





- Including exceptional items (3.05) (2.64) (5.69) (5.40) (12.79)

- Excluding exceptional items (3.05) (2.64) (5.69) (20.21) (12.79)














A PARTICULARS OF SHAREHOLDING











(1) Public Shareholding





Number of Shares 33,929,262 31,320,868 32,360,026 33,929,262 32,360,026

Percentage of Shareholding 46.41% 42.84% 44.26% 46.41% 44.26%







(2) Disclosure in respect of pledged shares of Promoters and Promoter Group












Shares held by Promoters & Promoter Group - Nos. (A) 39,184,867 41,793,261 40,754,103 39,184,867 40,754,103

Percentage of Total Share Capital 53.59% 57.16% 55.74% 53.59% 55.74%

Pledged / Encumbered - No. of Shares 15,705,431 18,328,179 18,328,179 15,705,431 18,328,179

Percentage of Total Share Capital 21.48% 25.07% 25.07% 21.48% 25.07%

Percentage of (A) 40.08% 43.85% 44.97% 40.08% 44.97%








Non Encumbered - No. of Shares 23,479,436 23,465,082 22,425,924 23,479,436 22,425,924

Percentage of Total Share Capital 32.11% 32.09% 30.67% 32.11% 30.67%

Percentage of (A) 59.92% 56.15% 55.03% 59.92% 55.03%









Quarter ended 31-Mar-13







B INVESTOR COMPLAINTS












Pending at the beginning of the quarter Nil




Received during the quarter 30




Disposed off during the quarter 30




Remaining unresolved at the end of the quarter Nil









Rs. in lakhs
    Quarter ended Twelve months ended
    31-Mar-13 31-Dec-12 31-Mar-12 31-Mar-13 31-Mar-12
    Unaudited Unaudited Unaudited Audited Audited

SEGMENT REVENUE (net of Excise Duty)











(1) Steel 44,644.39 42,126.65 57,788.51 184,808.03 227,289.69







(2) Power Generation 665.15 136.27 589.71 2,212.52 1,998.85







(3) Industrial Machinery 5,888.48 3,690.02 7,033.98 16,023.52 26,038.00







(4) Road Construction 1,207.92     5,652.34  








Sub-total 52,405.94 45,952.94 65,412.20 208,696.41 255,326.54








Less : Inter Segment Revenue (962.41) (243.05) (710.53) (2,772.06) (2,694.81)








Total Segment Revenue (net of Excise Duty) 51,443.53 45,709.89 64,701.67 205,924.35 252,631.73








SEGMENT RESULT











(1) Steel 2,377.16 2,356.74 (1,130.71) 330.33 (147.34)







(2) Power Generation 525.40 23.65 434.12 1,677.88 1,362.97







(3) Industrial Machinery 1,514.03 377.77 1,257.58 2,768.29 5,860.58







(4) Road Construction (507.75) (181.80) (137.80) (1,041.68) (434.90)








Less : Inter segment margin (44.38) (12.20) (12.17) (69.97) (76.00)








Total Segment Result 3,864.46 2,564.16 411.02 3,664.85 6,565.31








Add / (Less) :












Other net un-allocable :





Income 301.59 502.55 736.04 3,485.33 2,041.96

Expenditure 137.08 492.60 325.06 1,214.96 1,258.10

Other net un-allocable (expenditure) / income 164.51 9.95 410.98 2,270.37 783.86








Profit before Finance costs 4,028.97 2,574.11 822.00 5,935.22 7,349.17








Less :












Finance costs (net) 6,259.28 5,325.92 4,982.37 21,538.08 18,186.66








Net Exceptional - Income / (Expenditure)       10,832.63  








Profit / (Loss) before tax (2,230.31) (2,751.81) (4,160.37) (4,770.23) (10,837.49)








Capital Employed as on 31-Mar-13 31-Dec-12 31-Mar-12 31-Mar-13 31-Mar-12







(1) Steel 327,250.87 331,456.38 314,026.65 327,250.87 314,026.65
(2) Power Generation 4,838.26 4,851.54 5,087.70 4,838.26 5,087.70
(3) Industrial Machinery 42,213.22 42,286.85 39,970.58 42,213.22 39,970.58
(4) Road Construction 14,269.77 14,752.33 18,434.82 14,269.77 18,434.82
(5) Unallocable (net) (180,369.63) (183,632.33) (164,935.88) (180,369.63) (164,935.88)








Total Net Capital Employed 208,202.49 209,714.77 212,583.87 208,202.49 212,583.87










Rs lakhs


  Statement of Assets and Liabilities as on
31-Mar-13 31-Mar-12









A EQUITY AND LIABILITIES











(1) Shareholders' Funds












(a) Share Capital 7,875.20 7,875.20



(b) Reserves and surplus 200,327.29 204,708.67



Sub-total Shareholders' Funds 208,202.49 212,583.87









(2) Non Current Liabilities












(a) Long-term borrowings 85,672.22 77,418.66



(b) Other long term liabilities 1,202.67 1,218.79



(c) Long-term provisions 3,004.91 2,848.69



Sub total Non Current Liabilities 89,879.80 81,486.14









(3) Current Liabilities





(a) Short-term borrowings 88,460.54 84,055.11



(b) Trade payables 65,585.04 73,272.06



(c) Other current liabilities 63,931.28 43,875.42



(d) Short-term provisions 291.06 453.30



Sub total Current Liabilities 218,267.92 201,655.89










TOTAL EQUITY AND LIABILITIES 516,350.21 495,725.90









B ASSETS











(1) Non Current Assets












(a) Fixed Assets 255,362.86 249,433.58



(b) Non-current investments 22,780.44 10,966.77



(c) Deferred tax Assets (net) 824.08 -



(d) Long-term loans and advances 11,248.56 12,288.17



(e) Other non-current assets 4,828.26 4,828.26



Non Current Assets 295,044.20 277,516.78









(2) Current Assets












(a) Inventories 103,464.14 99,631.31



(b) Trade receivables 93,526.13 87,698.44



(c) Cash and Bank Balances 7,480.48 7,868.71



(d) Short-term loans and advances 16,642.11 22,716.63



(e) Other Current Assets 193.15 294.03



Sub total Current Assets 221,306.01 218,209.12










TOTAL ASSETS 516,350.21 495,725.90
















MUKAND LTD. (CONSOLIDATED)
AUDITED CONSOLIDATED FINANCIAL RESULTS FOR THE YEAR ENDED MARCH 31, 2013


Rupees in lakhs











Year Year




ended ended




31 Mar 13 31 Mar 12




Audited Audited









1 INCOME FROM OPERATIONS











a) Gross Sales 230,531 278,504



Less : Excise Duty Recovered 22,129 23,445



Net Sales 208,402 255,059









b) Other Operating Income 5,398 4,126










Total Income from Operations 213,800 259,185









2 EXPENSES




a) Cost of Raw Materials Consumed 112,604 135,145


b) Purchases of stock-in-trade 278 710


c) Changes in inventories of finished goods and work-in-progress (6,113) (1,978)


d) Stores, Spares, Components, Tools, etc. consumed 32,329 37,814


e) Power & Fuel 17,828 20,653


f) Employee benefits expense 13,728 13,250


g) Depreciation and Amortization expense 6,452 6,575


h) Other Expenditure 32,788 40,448



Total Expenses 209,894 252,617









3 Profit from Operations before Other Income, Finance Costs & Exceptional Items 3,906 6,568









4 Other Income 1,074 1,008









5 Profit from ordinary activites before Finance Costs & Exceptional Items 4,980 7,576









6 Finance Costs (net) (22,602) (17,802)









7 (Loss) from ordinary activites before Exceptional Items (17,622) (10,226)









8 Exceptional Items - Expenditures (5,777) -


4 Exceptional Items - Net (including share in Associates) 1 -


9 (Loss) from ordinary activities before tax (23,399) (10,226)









10 Tax Expense 842 1,448









11 (Loss) from ordinary activities after tax (22,557) (8,778)









12 Prior Period Adjustments (including Share in Associates/Joint Venrture) - -


13 Share of Profit / (Loss) in Associates (net) 134 90


14 Minority Interest 21 -









15 (Loss) for the period (22,402) (8,688)









16 Paid-up Equity Share Capital (Face value Rs. 10/- per Share) 7,312 7,312


17 Reserves excluding revaluation reserve 7,548 29,877


18 Basic and Diluted EPS - (in Rs.)





- Including exceptional items - (in Rs.) (30.64) (11.88)



- Excluding exceptional items- (in Rs.) (22.74) (11.88)
















MUKAND LTD. (CONSOLIDATED)
STATEMENT OF ASSETS AND LIABILITIES AS ON
    31 Mar 13 31 Mar 12      


Audited Audited











Rupees in lakhs









A EQUITY AND LIABILITIES











1 Sharehoders' funds




(a) Capital 7,875 7,875


(b) Reserves and Surplus 174,003 196,771



Sub-Total - Shareholders' Funds 181,878 204,646









2 Minority Interest 8,032 -









3 Non-Current Liabilities




(a) Long Term Borrowings 85,672 77,419


(b) Other Long Term Liabilities 1,203 1,226


(c) Long Term Provisions 3,012 2,854



Sub-Total - Non-Current Liabilities 89,887 81,499









4 Current Liabilities




(a) Short Term Borrowings 96,858 91,917


(b) Trade Payables 65,700 73,345


(c) Other Current Liabilities 77,564 55,966


(d) Short Term Provisions 331 659



Sub-Total - Current Liabilities 240,453 221,887










TOTAL - EQUITY AND LIABILITIES 520,250 508,032









B ASSETS











1 Non-Current Assets




(a) Fixed Assets 256,442 249,579


(b) Non-Current Investments 5,358 5,222


(c) Deferred Tax Assets (net) 850 -


(d) Long Term Loans and Advances 12,749 13,761


(e) Other Non-Current Assets 4,828 4,828



Sub-Total - Non-Current Assets 280,227 273,390









2 Current Assets




(a) Inventories 103,463 99,628


(b) Trade Receivables 92,705 87,348


(c) Cash and Bank Balances 8,717 8,914


(d) Short Term Loans and Advances 33,937 37,669


(e) Other Current Assets 1,201 1,083



Sub-Total - Current Assets 240,023 234,642










TOTAL - ASSETS 520,250 508,032


 

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. 76.37 crore as at 31st March 2012 remains same as at 31st March 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
    As regards investments made in Mukand Global Finance Limited (MGFL), aggregating Rs.26.25 crore, the recovery is dependent upon realization of the financial assets that MGFL stands invested into at the close of the year. 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), stood at Rs.76.51 crore as at 31.03.2013 (Previous Year Rs.70.85 crore). 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.71.89 crore (Previous Year Rs.79.92 crore), 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), aggregate Rs.14.11 crore as at 31st March 2013 (Previous Year Rs.40.28 crore) after writing off an amount of Rs.25.29 crore and after recovery of Rs.1.00 crore during the year. After close of the year, an amount of Rs.3.00 crore has also been received. The management relies upon the realizable values of unencumbered assets of SIL (Plant & Machinery), as at 31st March, 2013 out of the sale proceeds from disposal of the said assets by SIL. It also relies upon the valuation of Land and Building of SIL as at 31.03.2013 amounting to Rs.23.50 crore. 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 the end of the financial year aggregate Rs. 141.68 crore (Previous Year: Rs.183.94 crore) (represented by contracts in progress Rs. 80.02 crore (Previous Year: Rs. 144.72 crore)and trade dues of Rs. 61.66 crore (Previous Year: Rs. 39.22 crore)) During the year, the Company has recovered an amount of Rs. 34.47 crore (Previous Year: Rs.0.75 crore) against its trade dues. 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.164.33 crore 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 year.
  2. Consolidated accounts include : (i) the audited results of the five wholly owned subsidiaries, Mukand Global Finance Ltd., Vidyavihar Containers Ltd., Mukand Vijaynagar Steel Ltd., Mukand International FZE (MIFZE) and Mukand International Ltd. (MIL), (ii) the unaudited results of the subsidiary, Mukand Sumi Metal Processing Ltd., (iii) the pro-rata share in the audited results of associate companies, Mukand Engineers Ltd., Bombay Forgings Ltd. and Hospet Steels Ltd. (iv) Pro-rata share in the unaudited provisional results of Stainless India Ltd., associate company and Joint Venture, Mukand Vini Mineral Ltd.

  3. 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.

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

  5. The above results have been reviewed by the Audit Committee and approved by the Board of Directors at their meeting held on 25th May 2013.


    6. 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 : 25th May, 2013.
Name of the Company: MUKAND LIMITED
Scrip Code (BSE)- 500460
Name of the scrip : MUKANDLTD
Class of security : EQUITY SHARES
Quarter Ended: 31st March 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 22 12584609 12584609 17.21 17.21 7466545 59.33
(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) 35 39184867 39184867 53.59 53.59 15705431 40.08
                 
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 39184867 39184867 53.59 53.59 15705431 40.08
                 
(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 656 9633903 9190697 13.18 13.18 0 0.00
(b) Individuals              
I Individuals -i. Individual shareholders holding nominal share capital up to Rs 1 lakh 45576 9939481 8943874 13.59 13.59 0 0.00
II ii. Individual shareholders holding nominal   share capital in excess of Rs. 1 lakh. 155 5651079 5481011 7.73 7.73 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 37 87273 87273 0.12 0.12 0 0.00
(d-ii) NRI's 238 356876 345631 0.49 0.49 0 0.00
                 
  Sub-Total (B)(2) 46662 25668612 24048486 35.11 35.11 0 0.00
                 
(B) Total Public Shareholding (B)= (B)(1)+(B)(2) 46725 33929262 32272683 46.41 46.41 0 0.00
                 
  TOTAL (A)+(B) 46760 73114129 71457550 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) 46760 73114129 71457550   100.00 15705431 21.48
 
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 March 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 1749641 2.39 0 0.00 0.00 0 0.00 0 0.00 2.39
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 2678294 73.42 3.66 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 Late Viren J Shah 18352 0.03 0 0.00 0.00 0 0.00 0 0.00 0.03
13 Shri Narendrakumar J Shah 99605 0.14 0 0.00 0.00 0 0.00 0 0.00 0.14
14 Smt Anjana K Munsif 12282 0.02 0 0.00 0.00 0 0.00 0 0.00 0.02
15 Smt Jyoti Shah 21117 0.03 0 0.00 0.00 0 0.00 0 0.00 0.03
16 Smt Bansri Rajesh Shah 615586 0.84 615586 100.00 0.84 0 0.00 0 0.00 0.84
17 Smt Czaee Sukumar Shah 551882 0.75 0 0.00 0.00 0 0.00 0 0.00 0.75
18 Priyaradhika Rajesh Shah 480023 0.66 480023 100.00 0.66 0 0.00 0 0.00 0.66
19 Kaustubh Rajesh Shah 48000 0.07 48000 100.00 0.07 0 0.00 0 0.00 0.07
20 Bajaj Auto Employees Welfare Funds  1122796 1.54 0 0.00 0.00 0 0.00 0 0.00 1.54
21 Shekharkumar Ramkrishnaji Bajaj (BELEWF) 60711 0.08 0 0.00 0.00 0 0.00 0 0.00 0.08
22 Shri Surendra Bhaichand Jhaveri (Mukand EWF) 326041 0.45 0 0.00 0.00 0 0.00 0 0.00 0.45
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 1675346 2.29 0 0.00 0.00 0 0.00 0 0.00 2.29
25 Bachhraj Factories Pvt Ltd 689084 0.94 0 0.00 0.00 0 0.00 0 0.00 0.94
26 Bajaj Holdings & Investment Ltd 4056782 5.55 0 0.00 0.00 0 0.00 0 0.00 5.55
27 Bajaj Sevashram Pvt Ltd 1250080 1.71 0 0.00 0.00 0 0.00 0 0.00 1.71
28 Baroda Industries Pvt Ltd 3616 0.00 0 0.00 0.00 0 0.00 0 0.00 0.00
29 Jamnalal Sons Pvt Ltd 13147761 17.98 3869090 29.43 5.29 0 0.00 0 0.00 17.98
30 Jeewan Limited # 4785369 6.55 3688336 77.08 5.04 0 0.00 0 0.00 6.55
31 Mukand Engineers Ltd 681200 0.93 681200 100.00 0.93 0 0.00 0 0.00 0.93
32 Niraj Holdings Pvt Ltd 500 0.00 0 0.00 0.00 0 0.00 0 0.00 0.00
33 Sidya Investments Ltd 160000 0.22 0 0.00 0.00 0 0.00 0 0.00 0.22
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 0.21 0 0.00 0.00 0 0.00 0 0.00 0.21
                       
TOTAL 39184867 53.59 15705431 40.08 21.48 0 0.00 0 0.00 53.59
(*) The term "encumbrance" has the same meaning as assigned to it in regulation 28(3) of the SAST Regulations, 2011
# Includes 24,457 equity shares acquired before 31st March, 2013 but credited to demat account of Jeewan Ltd. after 31st March, 2013.
Based on the Dislcosure under Regulation 30(1) and 30(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 as on 31st March, 2013 filed by the promoters, the shares held by following companies, earlier shown as part of the Promoter Group, have been excluded from the Promoter Group:-
Sr
No		 Name of the Company No. of Shares % age
1 Conquest Investment And Finance Pvt. Ltd. ( Formerly Conquest Investment And Finance Ltd. ) 248320 0.34
2 Catalyst Finance Pvt. Ltd. ( Formerly Catalyst Finance Ltd. ) 581000 0.79
3 Econium Investments And Finance Pvt. Ltd. ( Formerly Econium Invesments And Finance Ltd. ) 345760 0.47
4 Fusion Investments And Financial Services Pvt. Ltd. (Formerly Fusion Investments And Financial Services Ltd. ) 806180 1.10
5 Lineage Investments Pvt. Ltd. ( Formerly known as Lineage Investments Ltd. ) 427880 0.59
6 Primus Investments And Finance Pvt. Ltd. ( Formerly Primus Invesments And Finance Ltd. ) 213608 0.29
 
 
(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 1463130 2.00 0 0.00 0 0.00 2.00
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 13872478 18.97 0 0.00 0 0.00 18.97
 
(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 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
         
         
         
         
         
         
         
         
         
         
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
 
 
(Concept and Content by Krishnan Nair )

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