Investors e-Auction Annual Report
2013-2014
Annual Report Subsidiary Cos Press Release
 
Mukand Ltd., registered under The Companies Act, 1956, is a widely-held public limited company with over 49,700 equity shareholders and over 45,600 cumulative preference shareholders. The Company is listed on The Stock Exchange, Mumbai and on the National Stock Exchange of India Limited.
       
   
 
       
   
  10 lakhs = 1 million    
       
MUKAND LIMITED;
Regd. Office : Bajaj Bhawan, Jamnalal Bajaj Marg, 226, Nariman Point, Mumbai 400 021
STATEMENT OF UNAUDITED RESULTS FOR THE QUARTER ENDED JUNE 30, 2014
  Part - I   Rs. in lakhs
    Three months ended Year ended
  Particulars 30-Jun-14 31-Mar-14 30-Jun-13 31-Mar-14
    Unaudited Unaudited Unaudited Audited
           
(1) INCOME FROM OPERATIONS        
a) Gross Sales 74,786.91 76,820.07 65,325.25 278,702.87
  Less : Excise Duty Recovered 7,471.04 7,667.81 6,510.12 27,259.75
  Net Sales  67,315.87 69,152.26 58,815.13 251,443.12
b) Other Operating Income  522.25 641.26 961.84 2,513.38
  Total Income from Operations 67,838.12 69,793.52 59,776.97 253,956.50
           
(2) EXPENSES        
a) Cost of materials consumed 35,046.53 34,970.38 30,132.86 131,564.71
b) Purchase of Stock in Trade 85.73 1,510.78 - 2,897.36
c) Changes in inventories of finished goods and work-in-progress  (3,954.22) (4,019.65) (2,503.85) (17,583.98)
d) Stores, Spares, Components,  Tools, etc. consumed 10,439.36 10,713.68 10,229.65 41,438.23
e) Power & Fuel  5,052.02 5,077.31 4,878.87 20,382.28
f) Employee benefits expense 3,769.92 3,863.88 3,483.54 14,552.67
g) Foreign Exchange (Gain)/Loss (net) 500.78 234.85 1,690.66 3,902.75
h) Depreciation and Amortisation expenses 1,845.14 1,744.94 1,630.18 6,704.09
i) Other Expenditure  10,040.00 11,534.78 8,646.17 38,766.81
  Total Expenses 62,825.26 65,630.95 58,188.08 242,624.92
(3) Profit/(Loss)  from Operations before Other Income , Finance Costs, & Net Exceptional income/ (Expenditure) 5,012.86 4,162.57 1,588.89 11,331.58
(4) Other Income (Refer Note 3) 1,319.61 439.62 295.24 3,330.59
(5) Profit/(Loss) from Ordinary Activities before Finance Costs & Net Exceptional income/ (Expenditure) 6,332.47 4,602.19 1,884.13 14,662.17
(6) Less : Finance Costs (net) 5,960.36 6,206.09 6,164.85 24,388.96
(7) Profit / (Loss) from ordinary activities before Net Exceptional income / (Expenditure)   372.11 (1,603.90) (4,280.72) (9,726.79)
(8) Net Exceptional Income / (Expenditure) [Refer Note 4] (311.29) (1,430.03) 281.40 (2,544.31)
(9) Profit / (Loss) before Tax  60.82 (3,033.93) (3,999.32) (12,271.10)
(10) Tax Expense 21.65 (2,154.85) (530.00) (3,469.74)
(11) Profit / (Loss) after Tax 39.17 (879.08) (3,469.32) (8,801.36)
(12) Paid-up Equity Share Capital(Face value Rs 10/- per share) 14,141.74 14,141.74 7,312.57 14,141.74
(13) Reserves (excluding Revaluation Reserve)       32,480.15
(14) Earnings per Share (EPS)  - Rs        
  Basic and Diluted EPS (in Rs.)        
  - Including exceptional items 0.03 (1.15) (4.75) (11.54)
  - Excluding exceptional items 0.25 0.72 (5.13) (8.20)
           
  Part - II        
           
A PARTICULARS OF SHAREHOLDING        
(1) Public Shareholding        
  Number of Shares 3,76,74,853 3,76,74,853 3,38,35,325 3,76,74,853
  Percentage of Shareholding 26.64% 26.64% 46.28% 26.64%
(2) Disclosure  in respect  of  pledged shares of Promoters and Promoter Group  
  Shares held by Promoters & Promoter Group - Nos. (A) 10,37,31,008 10,37,31,008 3,92,78,804 10,37,31,008
  Percentage of Total Share Capital 73.36% 73.36% 53.72% 73.36%
  Pledged / Encumbered - No. of Shares 2,97,67,790 1,60,90,431 1,60,90,431 1,60,90,431
  Percentage of Total Share Capital 21.05% 11.38% 22.01% 11.38%
  Percentage of (A) 28.70% 15.51% 40.96% 15.51%
           
  Non Encumbered - No. of Shares 7,39,63,218 8,76,40,577 2,31,88,373 8,76,40,577
  Percentage of Total Share Capital 52.31% 61.98% 31.71% 61.98%
  Percentage of (A) 71.30% 84.49% 59.04% 84.49%
           
    Quarter ended 30-Jun-14
           
B INVESTOR COMPLAINTS        
           
  Pending at the beginning of the quarter Nil      
  Received during the quarter 24      
  Disposed off during the quarter 24      
  Remaining unresolved at the end of the quarter Nil      
  SEGMENT REVENUE (net of Excise Duty)        
(1) Steel 63,893.51 64,105.71 56,334.99 237,067.95
(2) Power Generation 827.23 1,097.05 1,085.96 4,548.57
(3) Industrial Machinery  3,851.84 5,029.31 3,385.30 16,500.24
(4) Road Construction 124.91 811.75 128.86 940.66
  Sub-total 68,697.49 71,043.82 60,935.11 259,057.42
  Less : Inter Segment Revenue (859.37) (1,250.30) (1,158.14) (5,100.92)
  Total Segment Revenue  (net of Excise Duty) 67,838.12 69,793.52 59,776.97 253,956.50
           
  SEGMENT RESULT        
(1) Steel 3,583.69 2,537.95 (76.58) 4,297.72
(2) Power Generation 694.20 992.86 964.53 4,075.86
(3) Industrial Machinery  959.24 1,021.25 1,155.39 4,674.59
(4) Road Construction (7.72) (169.71) (222.03) (673.03)
  Less : Inter  segment margin - (21.61) (8.13) (73.83)
  Total Segment Result 5,229.41 4,360.74 1,813.18 12,301.31
  Add / (Less) :        
  Other net un-allocable :        
  Income 1,319.61 439.63 295.24 3,330.60
  Expenditure 216.55 198.18 224.29 969.74
  Other net un-allocable (expenditure) / income 1,103.06 241.45 70.95 2,360.86
  Profit /(Loss) before Finance costs 6,332.47 4,602.19 1,884.13 14,662.17
  Less : Finance costs  (net) 5,960.36 6,206.09 6,164.85 24,388.96
  Net Exceptional - Income / (Expenditure) (311.29) (1,430.03) 281.40 (2,544.31)
  Profit / (Loss) before tax  60.82 (3,033.93) (3,999.32) (12,271.10)
           
  Capital Employed as on 30-Jun-14 31-Mar-14 30-Jun-13 31-Mar-14
(1) Steel 341,907.12 336,671.76 334,159.88 336,671.76
(2) Power Generation 4,506.63 4,622.01 4,722.28 4,622.01
(3) Industrial Machinery  52,492.74 51,545.15 46,251.55 51,545.15
(4) Road Construction 13,496.46 13,624.87 14,071.07 13,624.87
(5) Unallocable (net) (200,103.41) (193,262.60) (194,583.34) (193,262.60)
  Total Net Capital Employed 212,299.54 213,201.19 204,621.44 213,201.19
 

Notes:

  1. Pursuant to the Companies Act, 2013 (the Act) becoming effective from 1st April 2014, the Company has reworked depreciation with reference to estimated useful life of fixed assets prescribed under Schedule II to the Act or useful life of Fixed Assets as per technical evaluation. As a result, the charge for depreciation is higher by Rs. 109 Lakhs for the quarter ended 30th June 2014. Further, based on transitional provision in Note 7 (b) of Schedule-II, an amount of Rs.831 Lakhs (net of deferred tax) has been adjusted against the retained earnings.
  2. Management's response to the observations of the auditors on the financial statements for the year ended 31.03.2014 :
  3. a
    Advances due from and investments made in Vidyavihar Containers Limited (VCL), aggregating Rs. 6,713 Lakhs as at 31st March 2014 now stand at Rs.5,213 Lakhs as at 30th June 2014. During the quarter 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 and future earnings from the business activities of MGFL. The management considers the 'Exposure' to be 'Good' and adequately covered. Any ultimate shortfall if any, in the realization is not determinable at present.
       
    c
    The investments in and debts / advances due from Bombay Forgings Limited (BFL), which stood at Rs.7,990 Lakhs as at 31.03.2014 has increased to Rs.8,485 Lakhs as at 30.06.2014 due to supplies on credit. Recovery towards these 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, 2014 which is at Rs.7,034 Lakhs. It further relies upon the value of current assets and future earnings from the ongoing business of BFL. The management considers the balance 'Exposures' to be 'Good' at the close of the quarter and adequately covered and barring unforeseen circumstances expects full realisability of the same in future.
       
    d
    Debts / advances recoverable from Stainless India Limited (SIL), which aggregated Rs.725 Lakhs as at 31st March 2014, has marginally increased to Rs.728 Lakhs as at 30.06.2014. 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 quarter and adequately covered and barring unforeseen circumstances expects full realisability of the same in future.
       
    e
    The Company in previous years executed road construction projects in the state of Uttar Pradesh with National Highway Authority of India (NHAI) along with Centrodorstroy (CDS), Russia. The exposure on this account as at 31.03.2014 aggregated Rs. 13,478 Lakhs and is now at Rs.13,377 Lakhs as at 30.06.2014. The outcome of the Road Construction activity cannot be estimated with certainty at present. The amount of total claims with NHAI now aggregates Rs.22,316 Lakhs (as at 31.03.2014, Rs.22,528 Lakhs). Bulks of these claims are now being processed at the level of Tribunal as against the level of consulting engineers in the previous year. It is the opinion of the management that in view of the substantially large claims aggregating Rs. 22,316 Lakhs as at 30.06.2014 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 quarter.
       
  4. Other income includes surplus amounting to Rs.1,099 Lakhs on sale of part of office premises.
  5. Net Exceptional Expenditure of Rs.311 Lakhs represents proportionate charge for the quarter of Adhoc amount payable to CDR Lenders. During June 2013, the Company arrived at settlement with the Corporate Debt Restructuring members for an adhoc amount of Rs.2,490 Lakhs payable by 31st March,2015 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..
  6. Figures in respect of previous year / quarter have been regrouped / recast wherever necessary.
  7. The above results have been reviewed by the Audit Committee and approved by the Board of Directors at their meeting held on 13th August, 2014. Statutory Auditors have carried out a "Limited Review" of the financial results shown above.

  8. By Order of the Board of Directors
    For Mukand Ltd.,
    Niraj Bajaj
    Chairman & Managing Director
    Rajesh V. Shah
    Co-Chairman & Managing Director
    Place : Mumbai
    Date : 13th August, 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
As a % total
number of
warrants of the
same class
Number of
convertible
securities
held
% w.r.t
total
number of
convertible
securities
of the same
class
1 LIFE INSURANCE CORPORATION OF INDIA 7228076 5.11 0 0.00 0 0.00 5.11
                 
                 
                 
                 
                 
                 
                 
                 
                 
                 
TOTAL 7228076 5.11 0 0.00 0 0.00 5.11
 
(I)(d)Statement showing details of locked-in shares
Sr. No. Name of the shareholder Number of locked-in shares Locked-in shares as a percentage of total number of shares {i.e., Grand Total (A)+(B)+(C) indicated in Statement at para (I)(a) above}
1 NIL 0 0.00
       
       
       
       
       
       
       
       
       
       
TOTAL 0 0.00
 
(II)(a)Statement showing details of Depository Receipts (DRs) 
Sr. No. Type of outstanding DR (ADRs, GDRs, SDRs, etc.) Number of outstanding
DRs 
Number of shares underlying outstanding DRs Shares underlying outstanding DRs as a percentage of total number of shares {i.e., Grand Total (A)+(B)+(C) indicated in Statement at para (I)(a) above}
1 NIL NIL 0 0.00
         
         
         
         
         
         
         
         
         
         
TOTAL 0 0 0.00
 
(II)(b)Statement showing holding of Depository Receipts (DRs), where underlying shares heldby "promoter/promoter group" are in excess of 1% of the total number of shares
Sr. No. Name of the DR Holder Type of outstanding DR (ADRs, GDRs, SDRs, etc.) Number of shares
underlying outstanding  DRs 
Shares underlying outstanding DRs as a percentage of total number of shares {i.e., Grand Total (A)+(B)+(C) indicated in Statement at para (I)(a) above}
1 NIL NIL 0 0.00
         
         
         
         
         
         
         
         
         
         
TOTAL     0 0.00
 
 
(Concept and Content by Krishnan Nair )

Site Promoted by Promotionfactory.com