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 AUDITED FINANCIAL RESULTS FOR THE QUARTER AND TWELVE MONTHS ENDED MARCH 31,2014
      Rs. in lakhs
    Three months ended Twelve months ended
  Particulars 31-Mar-14 31-Dec-13 31-Mar-13 31-Mar-14 31-Mar-13
    Unaudited Unaudited Unaudited Audited Audited
             
(1) INCOME FROM OPERATIONS          
a) Gross Sales 76,820.07 67,875.49 56,781.84 278,702.87 228,052.57
  Less : Excise Duty Recovered 7,667.81 6,292.35 5,338.31 27,259.75 22,128.22
  Net Sales  69,152.26 61,583.14 51,443.53 251,443.12 205,924.35
b) Other Operating Income  641.26 412.08 473.47 2,513.38 6,699.84
  Total Income from Operations 69,793.52 61,995.22 51,917.00 253,956.50 212,624.19
             
(2) EXPENSES          
a) Cost of materials consumed 34,970.38 35,706.75 25,050.94 131,564.71 112,123.18
b) Purchase of Stock in Trade 1,510.78 1,386.58   2,897.36  
c) Changes in inventories of finished goods and work-in-progress  (4,019.65) (9,807.58) (2,929.28) (17,583.98) (6,113.44)
d) Stores, Spares, Components,  Tools, etc. consumed 10,713.68 10,672.31 8,573.54 41,438.23 32,315.13
e) Power & Fuel  5,077.31 5,427.27 4,477.25 20,382.28 17,820.10
g) Employee benefits expense 3,863.88 3,718.49 3,392.05 14,552.67 13,653.12
h) Foreign Exchange (Gain)/Loss (net) 234.85 179.19 6.97 3,902.75 2,284.28
i) Depreciation and Amortisation expenses 1,744.94 1,670.52 1,651.43 6,704.09 6,415.22
j) Other Expenditure  11,534.78 9,456.82 7,967.51 38,766.81 29,278.79
  Total Expenses 65,630.95 58,410.35 48,190.41 242,624.92 207,776.38
(3) Profit/(Loss)  from Operations before Other Income , Finance Costs, & Net Exceptional income/ (Expenditure) 4,162.57 3,584.87 3,726.59 11,331.58 4,847.81
(4) Other Income  439.62 2,297.27 302.38 3,330.59 1,087.41
(5) Profit/(Loss) from Ordinary Activities before Finance Costs & Net Exceptional income/ (Expenditure) 4,602.19 5,882.14 4,028.97 14,662.17 5,935.22
(6) Less : Finance Costs (net) 6,206.09 6,319.84 6,259.28 24,388.96 21,538.08
(7) (Loss) from ordinary activities before Net Exceptional income / (Expenditure) (1,603.90) (437.70) (2,230.31) (9,726.79) (15,602.86)
(8) Net Exceptional Income / (Expenditure) [Refer Note 2] (1,430.03) (1,086.29)   (2,544.31) 10,832.63
(9) (Loss) before Tax  (3,033.93) (1,523.99) (2,230.31) (12,271.10) (4,770.23)
(10) Tax Expense (2,154.85) (192.89)   (3,469.74) (824.08)
(11) (Loss) after Tax (879.08) (1,331.10) (2,230.31) (8,801.36) (3,946.15)
(12) Paid-up Equity Share Capital (Face value Rs 10/- per share) 14,141.74 7,312.57 7,312.57 14,141.74 7,312.57
(13) Reserves (excluding Revaluation Reserve)       32,480.22 33,871.71
(14) Earnings per Share (EPS)  - Rs          
  Basic and Diluted EPS (in Rs.)          
  - Including exceptional items (1.15) (1.82) (3.05) (11.54) (5.40)
  - Excluding exceptional items 0.72 (0.33) (3.05) (8.20) (20.21)
             
  Part - II          
             
A PARTICULARS OF SHAREHOLDING          
             
(1) Public Shareholding          
  Number of Shares 3,76,74,853 3,33,94,687 3,39,29,262 3,76,74,853 3,39,29,262
  Percentage of Shareholding 26.64% 45.67% 46.41% 26.64% 46.41%
(2) Disclosure  in respect  of  pledged shares of Promoters and Promoter Group
  Shares held by Promoters & Promoter Group - Nos. (A) 10,37,31,008 3,97,19,442 3,91,84,867 10,37,31,008 3,91,84,867
  Percentage of Total Share Capital 73.36% 54.33% 53.59% 73.36% 53.59%
  Pledged / Encumbered - No. of Shares 1,60,90,431 1,43,77,431 1,57,05,431 1,60,90,431 1,57,05,431
  Percentage of Total Share Capital 11.38% 19.66% 21.48% 11.38% 21.48%
  Percentage of (A) 15.51% 36.20% 40.08% 15.51% 40.08%
             
  Non Encumbered - No. of Shares 8,76,40,577 2,53,42,011 2,34,79,436 8,76,40,577 2,34,79,436
  Percentage of Total Share Capital 61.98% 34.67% 32.11% 61.98% 32.11%
  Percentage of (A) 84.49% 63.80% 59.92% 84.49% 59.92%
             
    Quarter ended 31-Mar-14
             
B INVESTOR COMPLAINTS          
             
  Pending at the beginning of the quarter Nil        
  Received during the quarter 20        
  Disposed off during the quarter 20        
  Remaining unresolved at the end of the quarter Nil        
  SEGMENT REVENUE (net of Excise Duty)          
             
(1) Steel 64,105.71 59,089.37 44,840.08 237,067.95 191,181.89
(2) Power Generation 1,097.05 1,285.17 666.02 4,548.57 2,213.39
(3) Industrial Machinery  5,029.31 2,997.79 6,114.99 16,500.24 16,250.03
(4) Road Construction 811.75 0.05 1,258.32 940.66 5,750.94
  Sub-total 71,043.82 63,372.38 52,879.41 259,057.42 215,396.25
  Less : Inter Segment Revenue (1,250.30) (1,377.16) (962.41) (5,100.92) (2,772.06)
  Total Segment Revenue  (net of Excise Duty) 69,793.52 61,995.22 51,917.00 253,956.50 212,624.19
             
  SEGMENT RESULT          
             
(1) Steel 2,537.95 1,837.78 2,376.39 4,297.72 2,728.26
(2) Power Generation 992.86 1,167.70 525.40 4,075.86 1,677.88
(3) Industrial Machinery  1,021.25 1,060.96 1,514.03 4,674.59 2,768.29
(4) Road Construction (169.71) (169.39) (507.75) (673.03) (1,041.68)
  Less : Inter  segment margin (21.61) (9.89) (44.38) (73.83) (69.97)
  Total Segment Result 4,360.74 3,887.16 3,863.69 12,301.31 6,062.78
  Add / (Less) :          
  Other net un-allocable :          
  Income 439.63 2,297.27 302.37 3,330.60 1,087.41
  Expenditure 198.18 302.29 137.09 969.74 1,214.97
  Other net un-allocable (expenditure) / income 241.45 1,994.98 165.28 2,360.86 (127.56)
  Profit /(Loss) before Finance costs 4,602.19 5,882.14 4,028.97 14,662.17 5,935.22
  Less : Finance costs  (net) 6,206.09 6,319.84 6,259.28 24,388.96 21,538.08
  Net Exceptional - Income / (Expenditure) (1,430.03) (1,086.29)   (2,544.31) 10,832.63
  Profit / (Loss) before tax  (3,033.93) (1,523.99) (2,230.31) (12,271.10) (4,770.23)
             
  Capital Employed as on 31-Mar-14 31-Dec-13 31-Mar-13 31-Mar-14 31-Mar-13
(1) Steel 336,671.76 330,407.08 327,250.87 336,671.76 327,250.87
(2) Power Generation 4,622.01 4,603.00 4,838.26 4,622.01 4,838.26
(3) Industrial Machinery  51,545.15 49,902.76 42,213.22 51,545.15 42,213.22
(4) Road Construction 13,624.87 13,802.74 14,269.77 13,624.87 14,269.77
(5) Unallocable (net) (193,262.53) (195,317.13) (180,369.63) (193,262.53) (180,369.63)
  Total Net Capital Employed 213,201.26 203,398.45 208,202.49 213,201.26 208,202.49
             
  Statement of Assets and Liabilities as on  31-Mar-14 31-Dec-13 31-Mar-13 31-Mar-14 31-Mar-13
             
A EQUITY AND LIABILITIES          
             
(1)  Shareholders' Funds          
  (a) Share Capital 14,704.37 7,875.20 7,875.20 14,704.37 7,875.20
  (b) Reserves and surplus 198,496.89 192,023.25 200,327.29 198,496.89 200,327.29
   Sub-total Shareholders' Funds 213,201.26 199,898.45 208,202.49 213,201.26 208,202.49
             
(2) Share Application Money Pending Allotment   3,500.00      
             
(3) Non Current Liabilities           
  (a) Long-term borrowings 110,809.04 103,623.28 85,672.22 110,809.04 85,672.22
  (b) Deferred tax liabilities (net)           
  (c) Other long term liabilities 1,386.44 1,424.93 1,202.67 1,386.44 1,202.67
  (d) Long-term provisions 3,567.57 3,248.16 3,004.91 3,567.57 3,004.91
  Sub total Non Current Liabilities  115,763.05 108,296.37 89,879.80 115,763.05 89,879.80
             
(4) Current Liabilities           
  (a) Short-term borrowings 78,763.95 81,814.72 88,460.54 78,763.95 88,460.54
  (b) Trade payables 85,023.83 90,286.54 65,585.04 85,023.83 65,585.04
  (c) Other current liabilities 64,702.41 67,502.52 63,931.28 64,702.41 63,931.28
  (d) Short-term provisions 428.79 366.92 291.06 428.79 291.06
  Sub total Current Liabilities  228,918.98 239,970.70 218,267.92 228,918.98 218,267.92
  TOTAL EQUITY AND LIABILITIES 557,883.29 551,665.52 516,350.21 557,883.29 516,350.21
             
B ASSETS          
             
(1)  Non Current Assets          
  (a) Fixed Assets 253,622.22 253,813.40 255,362.86 253,622.22 255,362.86
  (b) Non-current investments 25,098.15 25,347.61 22,780.44 25,098.15 22,780.44
  (c) Deferred tax assets (net)  4,215.52 2,138.97 824.08 4,215.52 824.08
  (d) Long-term loans and advances 12,559.44 11,794.25 11,248.56 12,559.44 11,248.56
  (e) Other non-current assets 4,828.09 4,828.26 4,828.26 4,828.09 4,828.26
   Non Current Assets 300,323.42 297,922.49 295,044.20 300,323.42 295,044.20
             
(2)  Current Assets          
  (a) Inventories 123,516.75 119,328.43 103,464.14 123,516.75 103,464.14
  (b) Trade receivables 90,223.47 108,227.95 79,230.88 90,223.47 79,230.88
  (c) Cash and Bank Balances 8,488.37 6,173.18 7,480.48 8,488.37 7,480.48
  (d) Short-term loans and advances 19,254.76 17,941.54 16,642.11 19,254.76 16,642.11
  (e) Other Current  Assets 16,076.52 2,071.93 14,488.40 16,076.52 14,488.40
   Sub total Current Assets 257,559.87 253,743.03 221,306.01 257,559.87 221,306.01
  TOTAL ASSETS 557,883.29 551,665.52 516,350.21 557,883.29 516,350.21
 
AUDITED CONSOLIDATED FINANCIAL RESULTS FOR THE YEAR ENDED MARCH 31, 2014
     Rupees in lakhs 
       
    Year ended Year ended
    31-Mar-14 31-Mar-13
    Audited Audited
       
(1) INCOME FROM OPERATIONS    
a) Gross Sales 2,81,558 2,30,531
  Less : Excise Duty Recovered 31,597 22,129
  Net Sales 2,49,961 2,08,402
b) Other Operating Income 3,223 5,398
  Total Income from Operations 2,53,184 2,13,800
       
(2) EXPENSES    
a) Cost of Raw Materials Consumed 1,29,285 1,12,604
b) Purchases of stock-in-trade 1,665 278
c) Changes in inventories of finished goods and work-in-progress (18,272) (6,113)
d) Stores, Spares, Components, Tools, etc. consumed 41,452 32,329
e) Power & Fuel 20,397 17,828
f) Employee benefits expense 14,665 13,728
g) Depreciation and Amortization expense 6,772 6,452
h) Other Expenditure 45,690 32,788
  Total Expenses 2,41,654 2,09,894
       
(3) Profit from Operations before Other Income, Finance Costs & Exceptional Items 11,530 3,906
(4) Other Income  3,340 1,074
(5) Profit from ordinary activites before Finance Costs & Exceptional Items 14,870 4,980
(6) Finance Costs (net)  (25,396) (22,602)
(7) (Loss) from ordinary activites before Exceptional Items  (10,526) (17,622)
(8) Exceptional Items - Expenditures (1,259) (5,777)
(9) (Loss) from ordinary activities before tax  (11,785) (23,399)
(10) Tax Expense  3,345 842
(11) (Loss) from ordinary activities after tax (8,440) (22,557)
(12) Prior Period Adjustments (including Share in Associates / Joint Venture)  -   - 
(13) Share of Profit / (Loss) in Associates (net) 69 134
(14) Minority Interest (54) 21
(15) (Loss) for the period (8,425) (22,402)
(16) Paid-up Equity Share Capital (Face value Rs. 10/- per Share) 14,142 7,312
(17) Reserves excluding revaluation reserve  6,618 7,548
(18) Basic and Diluted EPS - (in Rs.)    
   - Including exceptional items - (in Rs.) (11.04) (30.64)
   - Excluding exceptional items- (in Rs.)  (9.39) (22.74)
 
  Rupees in lakhs 
  31-Mar-14 31-Mar-13
  STATEMENT OF ASSETS AND LIABILITIES AS ON   Audited    Audited 
     
A EQUITY AND LIABILITIES    
       
(1) Sharehoders' funds    
(a) Capital 14,705  7,875
(b) Reserves and Surplus 1,72,634 1,74,003
  Sub-Total - Shareholders' Funds 1,87,339 1,81,878
       
(2) Minority Interest 10,881  8,032
       
(3) Non-Current Liabilities    
(a) Long Term Borrowings 1,16,158 85,672
(b) Other Long Term Liabilities 1,386  1,203
(c) Long Term Provisions 3,579  3,012
  Sub-Total - Non-Current Liabilities 1,21,123 89,887
       
(4) Current Liabilities    
(a) Short Term Borrowings 79,299 96,858
(b) Trade Payables 85,422 65,700
(c) Other Current Liabilities 78,578 77,564
(d) Short Term Provisions 459 331
  Sub-Total - Current Liabilities 2,43,758 2,40,453
  TOTAL - EQUITY AND LIABILITIES 5,63,101 5,20,250
       
B ASSETS    
(1) Non-Current Assets    
(a) Fixed Assets 2,55,248 2,56,442
(b) Non-Current Investments 3,932  5,358
(c) Deferred Tax Assets (net) 4,146 850
(d) Long Term Loans and Advances 14,589 12,749
(e) Other Non-Current Assets 12,287  4,828
  Sub-Total - Non-Current Assets 2,90,202 2,80,227
       
(2) Current Assets    
(a) Inventories 1,25,912 1,03,463
(b) Trade Receivables 93,285 78,410
(c) Cash and Bank Balances 9,804  8,717
(d) Short Term Loans and Advances 34,248 33,937
(e) Other Current Assets 9,650 15,496
  Sub-Total - Current Assets 2,72,899 2,40,023
  TOTAL - ASSETS 5,63,101 5,20,250
 

Notes:

  1. Management's response to the observations of the auditors on the financial statements for the year ended 31.03.2014 :
  2. a
    Advances due from and investments made in Vidyavihar Containers Limited (VCL), aggregating Rs. 7,637 Lakhs as at 31st March 2013 now stand at Rs.6,713 Lakhs as at 31st March 2014 on account of provision for diminution in the value of investments amounting to Rs.924 Lakhs made during the year. After close of the year, an amount of Rs.1,500 Lakhs has been realized 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.
       
    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.7,990 Lakhs as at 31.03.2014 due to supply on credit. Recovery towards these supplies will be made by 30th June 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 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.725 Lakhs as at 31.03.2014. The management relies upon the realization from Land of SIL as at 31.03.2014. 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 31.03.2013 aggregated Rs.14,168 Lakhs and is now at Rs.13,478 Lakhs as at 31.03.2014. The outcome of the Road Construction activity cannot be estimated with certainty at present. During the year further claims amounting to Rs.6,095 Lakhs have been raised taking the amount of total claims to Rs.22,528 Lakhs (amount as at 31.03.2013 Rs.16,433 Lakhs). Bulk of these claims are now being processed from the level of consulting engineers in the previous year at the level of Tribunal. It is the opinion of the management that in view of the substantially large claims aggregating Rs.22,528 Lakhs as at 31.03.2014 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.
       
  3. Net Exceptional Expenditure of Rs.1,430 Lakhs for the quarter represents :
  4. 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 Vidyavihar Containers Limited amounting to Rs.925 Lakhs.
       
    c
    Bad debts of Rs.194 Lakhs written off on account of dues from Ispat Group (now, JSW Steel Ltd.) of balance consideration towards purchase of shares.
       
  5. 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, an amount of Rs.143.41 crores was mobilized by allotment of 68,291,732 equity shares on 15th March 2014. The net proceeds have been utilized towards
    (i) payment of dues to secured lenders Rs.70 crores and
    (ii) working capital Rs.73.41 crores.

  6. 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 and Mukand International Ltd.,
    (ii) the audited results of the subsidiary, Mukand Sumi Metal Processing Ltd.,
    (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 an associate companies, Bombay Forgings Ltd. and Stainless India Ltd.,

  7. 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.

  8. A figure for the previous year 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.

  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, 2014.


  11. 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, 2014.
 
Name of the Company: MUKAND LIMITED
Scrip Code (BSE)- 500460
Name of the scrip : MUKANDLTD
Class of security : EQUITY SHARES
Quarter Ended: 31st Mar, 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 21 41306997 41306997 29.21 29.21 7851545 19.01
(b) Central Government/ State Government(s) 0 0 0 0 0 0 0
(c) Bodies Corporate 13 62424011 62424011 44.15 44.15 8238886 13.2
(d) Financial Institutions/ Banks 0 0 0 0 0 0 0
(e) Any Others(Specify) 0 0 0 0 0 0 0
(e-i)   0 0 0 0 0 0 0
(e-ii)   0 0 0 0 0 0 0
                 
                 
  Sub Total(A)(1) 34 103731008 103731008 73.36 73.36 16090431 15.51
                 
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 0 0 0
c Institutions 0 0 0 0 0 0 0
d Qualified Foreign Investor 0 0 0 0 0 0 0
e Any Others(Specify) 0 0 0 0 0 0 0
e-i   0 0 0 0 0 0 0
e-ii   0 0 0 0 0 0 0
                 
  Sub Total(A)(2) 0 0 0 0 0 0 0
                 
  Total Shareholding of Promoter  and
Promoter Group (A)= (A)(1)+(A)(2)
34 103731008 103731008 73.36 73.36 16090431 15.51
                 
(B) Public shareholding              
1 Institutions              
(a) Mutual Funds/ UTI 7 6007 5006 0 0 0 0
(b) Financial Institutions/ Banks 41 101439 96950 0.07 0.07 0 0
(c) Central Government/ State Government(s) 0 0 0 0 0 0 0
(d) Venture Capital Funds 0 0 0 0 0 0 0
(e) Insurance Companies 3 7244583 7244583 5.12 5.12 0 0
(f) Foreign Institutional Investors 12 908621 877658 0.64 0.64 0 0
(g) Foreign Venture Capital Investors 0 0 0 0 0 0 0..00
(h) Qualified Foreign Investor 0 0 0 0 0 0 0..00
(i) Any Other (specify) 0 0 0 0 0 0 0..00
(i-ii)         0 0 0 0..00
(i-ii)                
                 
  Sub-Total (B)(1) 63 8260650 8224197 5.84 5.84 0 0
                 
B 2 Non-institutions              
(a) Bodies Corporate 611 10418167 9975287 7.37 7.37 0 0
(b) Individuals              
I i. Individual shareholders holding nominal share capital up to Rs 1 lakh 44229 10177520 9174507 7.20 7.20 0 0.00
II ii. Individual shareholders holding nominal share capital in excess of Rs. 1 lakh. 197 8318294 8126226 5.88 5.88 0 0.00
(c) Qualified Foreign Investor 0 0 0 0 0 0 0
(d) Any Other (specify) 0 0 0 0 0    
(d-i) Clearing Members 56 106269 106269 0.08 0.08 0 0
(d-ii) NRI's 227 393953 383001 0.28 0.28 0 0
                 
  Sub-Total (B)(2) 45320 29414203 27765290 20.8 20.8 0 0
                 
(B) Total  Public Shareholding (B)= (B)(1)+(B)(2) 45383 37674853 35989487 26.64 26.64 0 0.00
                 
  TOTAL (A)+(B) 45417 141405861 139720495 100 100 16090431 11.38
                 
(C) Shares held  by Custodians and against which Depository Receipts have been issued
1 Promoter and Promoter Group 0 0 0   0 0 0
2 Public 0 0 0   0 0 0
  Sub-Total (C ) 0 0 0   0 0 0
                 
  GRAND TOTAL (A)+(B)+(C) 45417 141405861 139720495   100 16090431 11.38
 
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, 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 converti ble securitie s
held
As a % total number of
convertibl e securities of the same
class
 
(I) (II) (III) (IV) (V) (VI)=(V)/ (III)*100 (VII) (VIII) (IX) (X) (XI) (XII)
1 Shri Rahul Bajaj 904044 0.64 0 0 0 0 0 0 0 0.64
2 Shri Niraj Bajaj 12887156 9.11 0 0 0 0 0 0 0 9.11
3 Shri Rajesh V Shah 7200842 5.09 3644642 50.61 2.58 0 0 0 0 5.09
4 Shri Suketu V Shah 7169018 5.07 3063294 42.73 2.17 0 0 0 0 5.07
5 Shri Sanjivnayan Bajaj 1787 0 0 0 0 0 0 0 0 0
6 Shri Shekhar Bajaj 766094 0.54 0 0 0 0 0 0 0 0.54
7 Shri Madhur Bajaj 706200 0.5 0 0 0 0 0 0 0 0.5
8 Shri Anant Bajaj 86400 0.06 0 0 0 0 0 0 0 0.06
9 Smt Sunaina Kejriwal 1363 0 0 0 0 0 0 0 0 0
10 Smt Suman Jain 3744 0 0 0 0 0 0 0 0 0
11 Smt Anjana Viren Shah ( Nee Anjana
Munsif )
30634 0.02 0 0 0 0 0 0 0 0.02
12 Shri Narendrakumar J Shah 99605 0.07 0 0 0 0 0 0 0 0.07
13 Smt Jyoti Shah 21117 0.01 0 0 0 0 0 0 0 0.01
14 Smt Bansri Rajesh Shah 3431542 2.43 615586 17.94 0.44 0 0 0 0 2.43
15 Smt Czaee Sukumar Shah 4057212 2.87 0 0 0 0 0 0 0 2.87
16 Priyaradhika Rajesh Shah 960046 0.68 480023 50 0.34 0 0 0 0 0.68
17 Shri Kaustubh Rajesh Shah 96000 0.07 48000 50 0.03 0 0 0 0 0.07
18 Shri Rishabh Sukumar Vir 191138 0.14 0 0 0 0 0 0 0 0.14
19 Bajaj Auto Employees Welfare Funds 2245592 1.59 0 0 0 0 0 0 0 1.59
20 Shekharkumar Ramkrishnaji Bajaj
(BELEWF)
121422 0.09 0 0 0 0 0 0 0 0.09
21 Shri Surendra Bhaichand Jhaveri
(Mukand EWF)
326041 0.23 0 0 0 0 0 0 0 0.23
22 Akhil Investments & Traders Pvt Ltd 260 0 0 0 0 0 0 0 0 0
23 Bachhraj & Co Pvt Ltd 3350692 2.37 0 0 0 0 0 0 0 2.37
24 Bachhraj Factories Pvt Ltd 1378168 0.97 0 0 0 0 0 0 0 0.97
25 Bajaj Holdings & Investment Ltd 8113564 5.74 0 0 0 0 0 0 0 5.74
26 Bajaj Sevashram Pvt Ltd 2500160 1.77 0 0 0 0 0 0 0 1.77
27 Baroda Industries Pvt Ltd 14326616 10.13 0 0 0 0 0 0 0 10.13
28 Jamnalal Sons Pvt Ltd 26295522 18.6 3869090 14.71 2.74 0 0 0 0 18.6
29 Jeewan Limited 4785369 3.38 3688336 77.08 2.61 0 0 0 0 3.38
30 Mukand Engineers Ltd 1362400 0.96 681200 50 0.48 0 0 0 0 0.96
31 Niraj Holdings Pvt Ltd 1000 0 0 0 0 0 0 0 0 0
32 Sidya Investments Ltd 160000 0.11 0 0 0 0 0 0 0 0.11
33 Valiant Investments & Trades Pvt Ltd 260 0 260 100 0 0 0 0 0 0
34 Bahar Mercantile Ltd 150000 0.11 0 0 0 0 0 0 0 0.11
                       
TOTAL 103731008 73.36 16090431 15.51 11.38 0 0 0 0 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 2026759 1.43 0 0.00 0 0.00 1.43
                0.00
                0.00
TOTAL 12833891 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 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