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20 Microns Ltd.

BSE: 533022 Sector: Metals & Mining
NSE: 20MICRONS ISIN Code: INE144J01027
BSE LIVE 15:40 | 09 Dec 36.30 0.10
(0.28%)
OPEN

36.35

HIGH

36.95

LOW

36.00

NSE LIVE 15:52 | 09 Dec 36.60 0.30
(0.83%)
OPEN

36.45

HIGH

36.95

LOW

36.10

OPEN 36.35
PREVIOUS CLOSE 36.20
VOLUME 16601
52-Week high 47.00
52-Week low 25.30
P/E 8.52
Mkt Cap.(Rs cr) 128.07
Buy Price 36.30
Buy Qty 1499.00
Sell Price 0.00
Sell Qty 0.00
OPEN 36.35
CLOSE 36.20
VOLUME 16601
52-Week high 47.00
52-Week low 25.30
P/E 8.52
Mkt Cap.(Rs cr) 128.07
Buy Price 36.30
Buy Qty 1499.00
Sell Price 0.00
Sell Qty 0.00

20 Microns Ltd. (20MICRONS) - Director Report

Company director report

Dear Members

The Directors have pleasure to present their 28th Annual Report and the Audited AnnualAccounts for the year ended 31st March 2015.

Financial Results

The Company's financial performance for the year ended 31st March 2015 is summarizedbelow:

(Rs in Lacs)

Particulars 2014-15 2013-14
Total Revenue 31966.42 29915.28
Profit before Depreciation Interest and Tax (PBDITA) 2975.98 3185.69
Interest for the year 2492.05 2168.96
Depreciation for the year 945.20 1007.51
Profit/(Loss) before tax and Exceptional item (461.27) 9.12
Exceptional items - -
Profit/(loss) for the year (461.27) 9.12
Tax liability :-
Current Year's Tax - 9.00
MAT Credit - (9.00)
Deferred Tax Liability/(Asset) (55.57) (4.99)
Wealth Tax 1.71 1.05
Net Profit/(Loss) for the year (407.41) 13.06

State of Company's Affairs

During the year under consideration following important developments have taken place

a) Debt Restructuring by Consortium Bank :- As the capacity utilization of newlyexpanded capacity was very low due to sluggish demand the expected cash generation was nottaking place and it was expected to have impact on the repayment schedule of various termloans availed by the Company. Company had approached its Bankers with a request torestructure repayment schedule of various terms loans consortium bank approved the samein the Month of March 2015 giving effective date as 1st April 2014 and as a result theinstallment which were due during the year were restructured along with interest payablethere on.

b) The restructuring of various term loans will help improvement in liquidity positionof the Company over a period of time.

c) During the year various cost factors such as Raw Material Energy Cost Freight Costand Finance cost have given negative impact on the overall margin of the business whichhas impacted overall profitability of the business.

d) Company had devised a strategy to ensure higher capacity utilization of variousplants during the coming year which will increase overall performance of the Company infuture.

e) Net Worth of the Company is reduced to Rs6967.44 Lacs as on 31st March 2015compared to Rs7440.81 Lacs as on 31st March 2014.

Dividend

Due to loss your directors have not recommended dividend during the year underconsideration.

Material Changes and commitments affecting financial position between the end of thefinancial year and the date of report

The Company has issued and allotted 1470600 Equity shares of the face value of Rs5/-each at a premium of Rs29/- per share upon conversion of equivalent CompulsorilyConvertible Warrants of the face value of Rs34/- each.

Management Discussion and Analysis

Analysis of sector-wise performance of the Company for the fiscal year 2014-15 andfuture outlook are given hereunder. The outlook is based on the assessment of the currentbusiness scenario and Government Policies. Any deviation to the developments - future andother - may affect the variances in the outlook.

Industry Progress

Not much has being changed in the Industrial Minerals industry that the Companyoperates in. This industry still predominantly functions in an unorganized way though thegradual shift towards an organized structure is happening and should see its benefits inthe years to come. India has always been a self sufficient nation with well endowednatural mineral resources in the league of larger nations of USA Russia and China.

The Industrial Minerals sector provides the basic raw materials to the manufacturingsector and has always been considered as an important segment for the Indian economy. Themining sector has been reeling for more than two years now under a lethal mix of highborrowing costs on one hand and environmental and regulatory policy paralysis on the partof the government on the other hand. But with the new government in place who has had abrief history of bringing reforms in the mining industry the hope has revived in theindustry to bring in some major growth oriented mining and mineral development policyreforms in the next few years which should boost this industry to the next level.

A wide spread understanding for the strategic value of different minerals pertaining todifferent classifications is the need for the day which currently is simply beinggeneralized. Within two decades of liberalized economy much in contrast with theconstitutional objectives mining as a sector has come to be associated with scamsconflicts violence and ecological degradation. The future should therefore usher in anera of mineral development with socio-economic development as the focus. A significantamount of mineral potential still lying untapped could contribute enormously to thecountry's GDP if the challenges are overshadowed by a high flow of FDI in this sector.

Severe rapid disruptions to local life generate fear and mistrust. The public trustdeficit needs to be addressed by both industry and government alike. The mining industryin India has however has started to shape the future direction of this engagement towardsan inclusive agenda for improving livelihoods of the local populace bringing in muchneeded investment job wealth creation and government revenues.

In addition to the internationally recognized proven and probable 'reserves' India hassignificant quantity of mineral resources which are still under various stages ofexploration which need to be capitalized sooner to rely lesser on the import for many ofthe end user requirements whose demand is getting better in the years to follow.

Product wise performance

CnC - Consumers and Commodities

Paint Industry

The product range for paint industry encompasses a varied application base with themajority share lying with Paint Industry and a minor share with the Allied base ofindustries catering to Agrochemicals Adhesives & Sealants Construction CosmeticsPrinting Inks Oil Well Drilling Foundry Ceramics and others. The user industries thisfinancial year have shown positive sign of recovery and as a result CnC division haveachieved the targeted Budget.

Studies and Analysis carried out by various Institutions before and after the AnnualBudget for 2015-16 shows that corporates are hopeful of better Economy and improvement inInvestment Climate in the light of expected reforms in Government's Economic policies.Company had geared up the expansion on the basis of plans shared by our major customerse.g. Asian Paints Berger Paints etc. Decorative paints account for over 75% of theoverall paint market in India and include wall finishes for interior and exterior useenamels wood finishes and ancillary products such as primers putties etc. The retaildemand for decorative paints has shown recovery coupled with boost in infrastructureinvestment and the demand for industrial coatings has also shown progress. The top 5 Majorcompanies domestically saw a double digit growth in range of 10 to 13 %. On the back ofsuch advocacy we anticipate that the sector will post a CAGR of around 15%. Presentlythe growth as being witnessed from new demand pockets especially in Tier-II and Tier-IIIcities thus signaling the growing acceptance of quality products among the masses.

Similarly in case of Small and Medium scale companies the scenario remains worrisomedue to extended payment cycles by the end customers and tougher market conditions. Mainlycompetition from Major customers however Medium Scale companies Like Jotun and NipponPaints have made their presence felt mainly in the Decorative and Industrial sector. OtherMedium and Small scale companies also have shown growth in the West North and SouthRegions where some customers have promised of Capacity Expansions and Market Aggression.

However as with other fields some challenges also exists in this promising sectorthat can affect the growth trajectory of the paint industry if not handled accordingly.For instance the industry is highly raw material-intensive and any fluctuation in theavailability of raw material leads to substantial price fluctuation in paint productioncosts. The Pressure is on the Raw material suppliers who are undergoing tremendouspressure to maintain the cost coupled with new entrants in the market which has resultedin the erosion of Bottom line and the challenge is going to be similar in the comingfinancial year.

Overall CnC looks to be on the recovery path.

VAD - Value Added Division

This was year full of challenges which were both bitter and fruitful some wereexhausting while some were rewarding. However our VALUE ADDED DIVSION managed Year 2014-15was a year of overall marginal growth since the division had grown +2 % in terms ofvolume and + 5 % in value terms over previous year and touches INR 100 Cr. Top- line salesmarks with growth in Plastics segment viz. PVC Pipe PP/MB etc.

Plastic Industry

Plastics Industries the globe's most lucrative business is growing bigger by the day.Plastics-as the key material for man's progress today-will be a key beneficiary of thistremendous growth surge. India relatively low per capita consumption of plastics -currently at 9.7 kg per annum - is expected to triple over next decade. In -spite ofdrastic drop of Polymer price due to crude oil price slump forces second half of FY 14-15were not ideal productive atmosphere for polymer processing industries. However thecompany registered positive growth of approx. +17% in value and volume terms respectivelyover the previous year.

The second half of the year were too much bitter and exhausting as steep drop in thecrude oil prices coupled a catastrophic spiraling about drastic Polymer price drop anduncertainties about polymer prices which forces Polymer Processing Industries to shutdown / Cut down their manufacturing activities in sizable quantities. Apart from this alsoIndia's custom tariff compliance to allow zero percent import duty from ASEAN countrieshampered and impacted a lot to our market share this factors somewhat made us lag behindthe Malaysian and Vietnam countries products. The customers shifted to zero duty goods andpreferred more Vietnam products. This phase was though temporary as the Vietnameseproducts did not perform in terms of quality and after a temporary gap we again receivedbusiness enquiries from the customers that moved away from our products. In-spite theabove change in business environment our PP/MB segment registered positive growth of +9 %and + 7 % in qty and value terms respectively compared to previous year. Other segmentsof our plastics division is Vinyl PU Epoxy and Thermo-sets plastics ProcessingIndustries: This particular segment consists of PVC processing Industries like PVC pipePVC compound for wire and cable other PVC processing Industries who making Sheet filmprofile PU Flexible Foam SMC/ DMC Epoxy and Electrical Insulator and others alliedIndustries managed positive growth of segments in 2014-15 with + 22 % in quantity and +26 % in value growth over previous year. Unfortunately due to again polymer priceuncertainties and the Zero duty imports from ASEAN countries attributed to overall IndianPVC sector underperforming as a whole many companies either operated their plants at 60%capacity or closed down their manufacturing activates. To counter this since from2013-14 we had formed a special marketing team with technical support system to focusonly on PVC pipe segment which resulted into remarkable sales growth and contributedmaximum positive growth of division in 2014-15 with + 39 % in quantity and + 43% in valuegrowth over previous year with strategic long term contractual business deals with thecustomers. This has opened new segment with excellent prospective for the business andmade us potential for projecting profitable good growth year ahead.

Our company focused to counter this period of uncertainties and we have formed avigorous marketing plan and increased our strength of technical marketing executives torevive the sector with better products by serving them with our" Specialty ProductRange" which is more on concept selling of Value Added Product which can beaccumulated more bottom -line profit for this Division or company so products likeDesiccants Antiblocking Agents Synthetics Barium Sulfate for colored Master- batchbrilliancy and spacers application and valued added product like partial replacement ofTiO2 in white master batch application or TiO2 filled application. Apart from this rangesevere marketing efforts were also done in processing aids such as Wax MultifunctionalProcessing aid which is necessities ingredient for extrusion base Polymer processingIndustries. These efforts are kept ongoing and a separate team has been formed to promoteand market above products on a consistent basis.

Paper Industry

In Paper division slurry business penetration with long terms contractual businesswith the customer had thrown open new segments with excellent potential for the business.The paper industry in India consume Talc / Soap stone as major filler for their paperproducts mainly for writing and printing paper. From 2010 onwards our special marketingteam's efforts have made inroads by working with the technical teams of major papercompanies and highlighting the advantages of using Calcium carbonates instead of Talc. Dueto effort of educating uses of Calcium Carbonate instead of Talc as major fillers forwriting and printing paper slowly few paper mills getting converted to use CalciumCarbonate as fillers for paper product but conversion ratio is not as fast because CalciumCarbonate price is little -bit costlier than Talc fillers. However to offset the cut inmargins the company's teams are working with the technical teams of several paper millsfor using good calcium carbonate and try to reach at formulations which match theirtechnical requirements. Unfortunately Year 2014-15 was not growth year for Indian PaperIndustries due to increase of imported raw materials - like coal pulp etc. or competitionfrom dump of imported Chinese paper and duplex board in Indian paper market. Most of thepaper mills have shown negative growth in net profit because of competitive marketscenario because of paper and Duplex board import from China high input cost and highinterest cost. Ultimately this market cycle phenomena has affected to us with negativegrowth of nearly -36 % in terms of value and volume.

Rubber Application

Rubber application is one of the important business vertical for the Company in recentyears. Indian Rubber industry is about 6000 unit comprising 30 large scale 400 mediumscale and around 5600 small and tiny scale industries. Indian rubber industry has beengrowing in along with the strength and importance as a part of India's burgeoning role inthe global economy. India is the world's largest producer and the third largest consumerof natural rubber

During 2014-15 Rubber Industries growth were marginally declined compared to previousyear due to unfavorable market condition main contain was volatile rate of rubber andcarbon black. Even though in this condition company Rubber division has registeredpositive growth of nearly +14 % in terms of quantity and + 25% in value terms over lastyear sales. Several new products are also being developed for the partial replacement ofsynthetic silica and carbon black which is widely used filler in segment. Also company isemphasizing to focus more on value added products like Vaporlink (product which partiallyreplaces carbon black) Wax Zinkomer - 100% replacement of Zinc Oxide Rubber processingaid like Fast Flow - S for lubrication and Vapor Oxol series use as desiccant which arehigh value product can boost the sales turn over in future. This year we have developednew product AL FR (ATH) Flame Retardant and Low Melting Point PE Wax which having goodmarket potential.

Today's paradigm shifts are posing exciting challenges and favorable opportunitieswhich we are addressing effectively to optimally position ourselves to secure concentratedbusiness areas where we have clear sights of more market penetration and value addition.Successfully working and streamlined SAP platform helping us to develop a tighterdiscipline around costing operational control and market realization which integratingour business operations and running them efficiently with sustainable growth where nexttop- line growth will be better supported by the bottom-line growth. We are confident ofour Value Added Division envisages higher profitable growth compared to previous yeargrowth with all segments of the division Paper PVC and PP/MB and Rubber looking for thegood year ahead.

Exports

Mineral export from India is growing sharply over few decades Technology up gradationhas given a great advantage to Indian resources to compete with global manufacturers. Yearon year it has been observed that export opportunity has also increased due to US dollarappreciation against Indian Rupee which becomes inducement to exporter. In addition tothat in Europe and USA strict rules regulation for environment has discouraged miningactivity and as a result International buyers has started their focus to source from Indiaand China. Since most of the International players has their own manufacturing facilitiesin India It becomes easy for them to source and to extend approval for their global use.

The Company is currently selling their products in 53 countries across the globe andhas been successful in attracting and creating a strong base for future strategicalliances with major distribution in Latin America Europe and Far East countries byexhibiting their product range in different exhibitions across the Globe.

In the year 2015-16 Company's export team has taken up special task to increase salesof Calcium Carbonate from Malaysia as well as from Egyptian resources. Which will help toinduce additional profit on group of company and USD revenue will go up in case ofMalaysia and Dubai operation.

Export Sales Comparison is hereunder :

(Rs In Lacs)

Element 2014-15 2013-14
CIF Value 3232.05 3515.93
FOB Value 2792.39 3086.33

Our Team is aggressive to capture double digit growth in year 2015-16 and startedtaking up frequent customer calls and technical presentations by way of arranging countrywise seminar Taking part in conference and exhibitions which will help to increasecustomer base across the globe.

Mining

20 Microns Ltd is pioneer in white industrial minerals and possesses mining leaseshaving sizable mineral reserves of 59.185 and 96.492 lakhs Mt and the life of the mine ismore than 25 years at current capacity. The reserves shown in the table below are locatedin the potential mineral block.

Reserves in Mining Leases

Status as on 31.03.2015

Details of Mines Approx. Reserves (in Lacs Tons) Approx. Value of the Reserves (Rs In Lacs)
1. China Clay Mines Bhuj Dist. Kutch Gujarat Area - 11.89 Hector 26.617 3859.46
2. Dolomite Mine Taluka - Chhota Udepur Dist. Vadodara Gujarat Area - 6.25 Hector. 13.890 4860.75
3. Calcite Mine Dist. Sirohi Rajasthan Area - 49.25 Hector 8.340 5002.52
4. Limestone Mines Dist. Tirunelvelli Tamilnadu Area - 4.43 Hector 10.338 4652.10
TOTAL 59.185 18374.83

Reserves in Private Owned Land

Status as on 31.03.2015

Details of Mines Approx. Reserves (in Lacs Tons) Approx. Value of the Reserves (Rs In Lacs)
1. China Clay-Mamuara Village Bhuj Dist. Kutch Gujarat Area - 25.1455 Hector 64.122 9297.69
2. Bentonite Mines Bhuj Gujarat Area 6.5 Hector 32.370 5664.20
TOTAL 96.492 14961.89

Research and Development

20 Microns is dedicated to the development of high quality products for customersworldwide. Our research activities have advanced by leaps and bounds in the last few yearsdue to the introduction of several new research programs as well as the continuing successof the activities. The intellectual property that RandD generates is a vital managementresource that 20 Microns utilizes and protects to maximize its corporate value. To ensureefficient progress in RandD we coordinate and integrate all phases from basic researchto forward-looking technology and product development.

20 Microns success is based on our ability to create a new and compelling productsservices and experiences for our product user initiate and embrace disruptive technologytrends to enter new geographic and product markets and to drive broad adoption of ourproducts and services.

20 Microns RandD Guiding principles:

• Providing Value added products and enhancing the quality of the life of peopleeverywhere through all our activities.

• Pursuing advanced technological development in a wide range of fields we pledgeto provide products and services that respond to the needs of customers worldwide.

The Group's Innovation approach starts with understanding customers businesses andsolving their technical problems in addition to meeting their expectations andanticipating their needs. The minerals used by 20 Microns deliver essential features forits customers' products such as Mechanical Thermal Optical and Chemical Qualities aswell as Absorption/Adsorption and Filtration functions. They also enable customers toimprove their manufacturing processes and reduce their production costs. By generating newproducts and processes the Group helps its customers to meet new challenges.

To obtain the required properties and so add value Minerals are processed usingvarious technologies many of which are specific to 20 Microns e.g. Grinding DryingCalcination Sintering Melting Bleaching Surface chemistry Magnetic purification andflotation but also shaping processes such as Pressing Extrusion and Granulation.

Innovative Products Developed During the Year 2014-15

• Metacarb 30T

• Vaporlite 90 CTD Premium

• Micron Carb 9711 9722 and 9733

• Lithomer Tox

• Blowtox

• AL FR-3 AL FR-5 AL FR-9

• Micronsil 30C

• Colored Silica

• LC 470

• Hycrete

20 MICRONS QUALITY CONTROL

20 Microns Quality Control evaluates and modifies an organization's procedures to makesure they provide the desired results. Our plan includes an organizational structuredetails on each employee's responsibilities and the qualifications an employee needs tofulfill those responsibilities.

Our Quality control looks at production to verify that the suppliers and the materialsthey ship correspond to the requirements for the product. We specify adequate producttesting's and feed back the test results and customer complaints to solve problems andencourage improvements throughout the organization.

A number of different elements are important for this kind of control includingskilled management intimate knowledge of the production process and the motivation andenthusiasm of workers at all levels. Our dedicated teams analyze data and formulatesolutions to production problems. They are also often skilled in more than one productionarea and can facilitate communication between different sectors to ensure better quality.

Human Resources

With 2014-15 winding down 20 Microns HR alike are turning attention to the trialsopportunities and trends that the New Year will bring. There are five key HR developmentsthat will be crucial to growth and continued success for coming financial year.

Talent intelligence

With organizations gaining ground on their understanding of big data the importance ofHR-themed analytics will become more crucial in 2015-16. The uses of these analytics willrange from developing people strategies to exploring 'what if' scenarios.

Involvement of the C-suite

Not only is HR expected to enter the C-suite but a further emphasis on the workforce'spresence there is also expected. The complexities and challenges created by the globaleconomic landscape require leadership teams to continually re-evaluate theirorganization's strategies.

How mobile has changed HR

Mobile applications are expected to play a more crucial role in 2015-16. Mobile careersites and applications will be leveraged by organizations to reduce time and cost-to-hirein an attempt to combat the widening gap between skills availability and businessrequirements.

Invest for success

New solutions to technology investments that offer deeper functionality will bedelivered via a software-as-a-service (SAAS) model. These tools will be used for functionssuch as candidate relationship management and career path planning.

Social is here to stay

Social media has become an important utility for recruitment. The usage of LinkedInFacebook Twitter and other social media platforms for recruitment set to intensify in2015 with organizations seeking to keep track of both alumni and new talent pools. Theuse of social tools for LandD functions will also come to fruition in 2015-16.

Environment Safety and Health

Health Care programs leave a significant impact in terms of providing better healthcare to the marginalized sections of our plant.

In this connection the Company had organized a regular occupation medical examinationat our all plants on December 2014 to January 2015 under the Corporate SocialResponsibility programme.

World Environment Day 5th June 2014

20 MICRONS LTD celebrated world environment day on subject of Climate change is a majorchallenge for SIDS (Small island developing states) as global warming is causing oceanlevels to rise. Due to their small size and isolation SIDS are more vulnerable to naturaland environmental disasters climate change and sea-level rise. However these islandshave also been successful in overcoming their environmental problems.

World Environment Day is an annual event that is aimed at being the biggest and mostwidely celebrated global day for positive environmental action. On the occasion we havemore than 500 trees plantation and conducted awareness programme on our plant.

Corporate Social Responsibility

As part of the Corporate Social Responsibility initiatives through the years theCompany established its arm - 20 Microns Foundation Trust in 2001 with an initial donationof Rs35 Lacs collected through various interested agencies and built up 135 houses atMamuara Village Bhuj for the earthquake affected people.

The Diabetes Centre was inaugurated by 20 Microns Foundation Trust on 14th November2008 being World Diabetes Day. Your Company operates as an NGO whose primary aim is topromote awareness about Diabetes among the society and primarily creating an awarenesscampaign of the diabetes patients by expanding their knowledge about this disease.

In this fy-14-15 we organised a Mega DIABETES CHECK-UP CAMP CUM SEMINAR in co-operationwith M.S. University followed by FREE SUGAR CHECKUP HbA1C DIABETIC FOOT CARE and RETINOPATHY. Seminar was very successfully organised and more than 500 patient were got benefitof this seminar. Leading Doctors of Vadodara present and given useful tips during seminar.Our Chairman SHRI CHANDRESH PARIKH Given Very useful Tips and useful information to thepatient during camp and seminar.

To expand the service of diabetes awareness diabetes centre has started one newactivity by which our volunteers are going to patient's place for check-up counsellingand Awareness of diabetes and helping them for living normal life. During this year weadded few more centre in Vadodara for diabetes check-up and awareness.

The Diabetes Centre has successfully completed Six years in contributing servicestowards society with approx 3500 registered members and with an objective of creating anawareness of "Living A Normal Life With Diabetes" in the Diabetic community atlarge.

OUTLOOK

An in-depth analysis of the key drivers and challenges of the current market scenarioindicates the factors for growth of the market including growth in real estateconstruction growth in automotive industry growth in industrial sector growth indisposable income low penetration and increased Government expenditure on infrastructure.India has always been an emerging economy and with a rising GDP expected along withexpected new governmental policies leading to subsequent growth in industrial activitiesand infrastructural developments India hopes for "Achhe Din" to arrive soon.

Due to an increased Government funding for infrastructure demand for paints both inindustrial and decorative segment is set to rise thereby rendering Indian paint industryto be poised for further growth. With enhanced level of communication in terms of mediaexposure awareness about latest trends governing the sector has reached a whole host ofconsumers. Fulfilling needs to look unique becomes possible with more disposable income atthe hands of people which is seen to be on an upward trend. Moreover low per capitaconsumption of paints in India provides enough opportunity for further growth in thissector. However the sector is also facing certain challenges. Factors like rising inputprices and stringent environmental regulations pose as a barrier for growth. The paintindustry has a promising future in India with major and medium scale players in the marketimplementing innovation and cutting edge technology to combat the negative factors whichis evident from scaled up capacities and newer introduced products for the consumers.

The small and medium paint industry is constantly evolving across the country embarkingon newer technology and investing in latest manufacturing processes. We strivecontinuously to engage ourselves in development for newer products and innovations leadingto efficient customer service and understanding their niche requirements. A dedicatedbusiness development team has been embarked to penetrate this market with a high end rangeof products entailing reduction in overall formulation costs at customer's end.

The Plastics industry has been one of the fastest growing industries in India in pastfew years but has gone through some tough challenges in past couple of years. Despite theindustry's high growth spanning over a period of over 2 decades and crossing severalmilestones Indian plastics industry is yet to realize its full potential as themanufacturing industry and economy shows signs of rebounding. The low level of per capitaplastics consumption in India is indicative of the massive growth potential of the plasticindustry. The industry was "poised for strong growth" and had been insulatedsomewhat from India's slowing of growth rates in the last two or three years. Newapplications/innovations in packaging development are driving growth in India and theseare ably supported by the current and upcoming domestic capacities.

Export opportunity looks to improve due to the appreciation of foreign currency being adirect incentive to exporters. In addition apart from China many countries have shiftedtheir outlook towards India's manufacturing base due to superior quality at similar rates.Our focus has also been on selective marketing with high value opportunity based productsand deficient regions looking for alternatives to increase our growth.

FIXED DEPOSITS

The Company has started accepting the deposits only from the shareholders of thecompany pursuant to the provisions of Companies Act 2013 and Rules made thereunder. Thesaid Scheme was approved by you at your Extra-ordinary General Meeting held on 24th May2014

As on 31.03.2015 Fixed Deposits from Shareholders stood at the total of Rs917.31 Lacs.No deposits are due for repayment on or before 31.03.2015.

The company has not made any default in repayment of deposits or interest due thereon.

The deposits accepted upto the 31st March 2014 pursuant to Companies Act 1956 andinterest thereon will be repaid to the depositors on the date of maturity of respectivedeposits. In this regard the Company has filed petition with Company Law Board praying toallow the repayment as per maturity of respective deposit only. Matter is pending beforeCompany law Board. The details of outstanding amount of unsecured deposits accepted by theCompany upto 31st March 2014 and interest thereon as per the then scheme of the Companypursuant to Companies Act 1956 is as under -

Number of Depositors Deposit Interest
Rs in lacs Rs in lacs
(a) From Share Holders 269 273.09 22.03
(b) From Public 1148 606.91 49.42
TOTAL 1417 880.00 71.45

The Company is liable to comply with the provisions relating to acceptance of depositsunder the Companies Act 2013 and Rules made there-under and any amendments made from timeto time.

CONSOLIDATED FINANCIAL STATEMENTS

In accordance with the Companies Act 2013 ("the Act") and AccountingStandard (AS - 21) on Consolidated Financial

Statements the audited consolidated financial statement is provided in the AnnualReport.

Subsidiaries Joint Ventures and Associates

As on 31st March 2015 we have 03 subsidiaries. During the year the Board ofDirectors (the Board) reviewed the affairs of the subsidiaries. In accordance with Section129(3) of the Companies Act 2013 we have prepared consolidated financial statements ofthe Company and all its subsidiaries which form part of the Annual Report. Further astatement in the prescribed format AOC-1 is appended as Annexure A to the Board's Report.The statement also provides the details of performance financial positions of each of thesubsidiaries.

In accordance with Section 136 of the Companies Act 2013 the audited financialstatements including the consolidated financial statements and related information of theCompany and audited accounts of each of its subsidiaries are available on our websitewww.20microns.com. These documents will also be available for inspection during businesshours at our registered office in Waghodia Vadodara India.

Directors' Responsibility Statement

The directors report that

i) In the preparation of the annual accounts for the year ended 31st March 2015 theapplicable accounting standards have been followed and there are no material departuresfrom the same.

ii) The Directors have selected such accounting policies and applied them consistentlyand made judgments and estimates that are reasonable and prudent so as to give a true andfair view of the state of affairs of the company as at 31st March 2015 and of the profitof the Company for the year ended on that date.

iii) The Directors have taken proper and sufficient care for the maintenance ofadequate accounting records in accordance with the provisions of this Act for safeguardingthe assets of the company and for preventing and detecting fraud and other irregularities.

iv) The Directors have prepared the annual accounts on a going concern basis.

v) the Directors had laid down internal financial controls to be followed by thecompany and that such internal financial controls are adequate and were operatingeffectively.

vi) the directors had devised proper systems to ensure compliance with the provisionsof all applicable laws and that such systems were adequate and operating effectively.

General Shareholders Information

General Shareholder Information is given in the Report on Corporate Governance formingpart of the Annual Report.

Particulars Regarding Employees

The table containing the names and other particulars of employees in accordance withthe provisions of Section 197(12) of the Companies Act 2013 read with Rule 5(1) of theCompanies (Appointment and Remuneration of Managerial Personnel) Rules 2014 is appendedas Annexure B to the Board's Report.

In terms of Rule 5(2) of the Companies (Appointment and Remuneration of ManagerialPersonnel) Rules 2014 we have to state that since there are no employees falling withinthe purview of the said requirements the same has not been annexed herewith.

Corporate Governance

As required by Clause 49 of the Listing Agreement with the Stock Exchanges theCorporate Governance Report and the Auditor's Certificate regarding compliance ofconditions of Corporate Governance form part of the Annual Report.

Secretarial Audit

Secretarial Audit Report as per Section 204 of Companies Act 2013 is placed as annexureto this report. No adverse comments have been made in the said report by the PracticingCompany Secretary.

Cost Audit Compliance

Pursuant to Sec. 209 (1)(d) of the Companies Act 1956 Cost Audit Report for thefinancial year ended 31/03/2014 was submitted to the Central Government on 29/09/2014.

Related Party Transactions

Particulars of transactions with related parties referred to in Section 188(1) of theCompanies Act 2013 in the prescribed Form AOC-2 is annexed in Annexure C to the Board'sReport.

Extract of Annual Return and other disclosures under Companies (appointment andRemuneration) Rules 2014

The Extract of Annual Return in form No. MGT-9 as per Section 134 (3) (a) of theCompanies Act 2013 read with Rule 8 of Companies Act (Accounts) Rules 2014 and Rule 12 ofCompanies (Management and Administration) Rules 2014 is annexed in Annexure D hereto andforms part of this report.

Particulars of Loans guarantees or investments

Loans guarantee and investment covered under Section 186 of the Companies Act 2013form part of the notes to the financial statements provided in this Annual Report.

Conservation of Energy technology absorption foreign exchange earnings and outgo

Information as per Companies(Disclosure of particulars in the Report of Board ofDirectors) Rules 1988 relating to conservation of energy technology absorption foreignexchange earnings and outgo are given in Annexure E forming part of this report.

Risk Management Policy implementation

In today's economic environment Risk Management is a very important part of business.The main aim of risk management is to identify monitor and take precautionary measures inrespect of the events that may pose risks for the business. Your Company's risk managementis embedded in the business processes. The Board of Directors of the Company hasidentified the following risks:

Department Risk Factor
1. Mining - Increase in Regulatory and legislative Compliance
- High Fuel Cost
- Local Community activist
2. Source/Purchase - Change in Rules/Regulations relating to Tariff
- Quality Compliance
- Fluctuation in Logistic Cost
- High risk that our vendor may sell same products to our competitor and grab our newly developed market for developing such product we have spent much time and money
3. Operation/Production - Quality Compliance of plant
- Compliance to various laws relating to environment health and safety electricity etc
- Obtaining and renewing various licenses
4. Logistics - increase in railway freight
- Change in policies by Road and Transport Authority
5. Marketing / Sales - Competition
- Quality Problem. Frequent Quality Issues leading to Customer Loss
- Attrition Ratio and losing key employees to competition
- Logistic Cost
- Threat of Import Sales
6. Finance - Dependency on workbanker
- Frequent change in bank interest rate exchange rate and taxation rates
7. Research and Development - Maintenance of database of ongoing Research
- Leakage of information
8. HR and Administration - Employee Turnover
- Selection of wrong person
- information leakage
- Compliance of various labour laws and deduction of TDS
9. Legal Secretarial Trade Marks - changes in corporate laws and non-compliance penalty involved therein
10. Insurance - exclusions given in each policy
- hidden terms and conditions of policies
11. Export - Change in Government Policy
- change in exchange rate
- issues relating to Quality of Material and Packaging of material (especially after reaching foreign warehouses)
12. Information Technology - Data backup and its security
- insufficient software licenses
- frequent change in Technology
- Risk of Data Loss/hacking

Corporate Social Responsibility:

The Corporate Social Responsibility Committee (CSR Committee) has been formulated. TheCorporate Social Responsibility Policy (CSR Policy) indicating the activities to beundertaken by the Company has been approved by the Board.

The CSR Policy may be accessed on the Company's Website at the link:http://www.20microns.com/admin/upload/csr/ CSR%20Policy.pdf As part of the CorporateSocial Responsibility initiatives through the years the Company established its arm - 20Microns Foundation Trust in 2001 for the earthquake affected people. Post-earthquakerehabilitation continuing the CSR activates in mind company thought to focus itsactivates on a very commonly spread health disease i.e. Diabetes. As a step forward underthe 20 Microns foundation a charitable trust and the company support "The DiabetesCentre" was inaugurated by 20 Microns Foundation Trust on 14th November 2008 beingWorld Diabetes Day.

During the year the company has not spent any amount on CSR activities. The Companyfaced the financial crisis and restructuring of advances was approved by the ConsortiumBanks i.e. State Bank of India and IDBI Bank. In such a gloomy situation it was notpossible for the Company to spend for CSR activities. However as reported earlier inManagement Discussion & Analysis CSR activities being carried out by the managementof the Company the said activities were carried on with the donations collected by theTrust from other sources. The Company will try to contribute to Corporate SocialResponsibility to serve the general public at large during current fiscal year. The annualreport on our CSR activities is appended as Annexure F to the Board's Report.

Internal Control System Adequacy

The Company has established proper and adequate system of internal control to ensurethat all resources are put to optimum use and are well protected against loss and alltransactions are authorized recorded and reported correctly and there is proper adherenceto policies and guidelines processes in terms of efficiencies and effectiveness. TheCompany's internal control systems are supplemented by an extensive programme of internalaudit by an independent firm.

All the transactions are conducted using the IT interface and the business processesare further audited by internal auditors.

The Company's internal control systems are also periodically tested and certified bythe internal auditors. The Audit Committee constituted by the Board constantly reviews theinternal control systems.

Directors and Key Managerial Personnel

The Board has appointed Dr. Ajay I. Ranka as an Additional Director w.e.f. 27thSeptember 2014. He holds office of Additional Director up to the ensuing Annual GeneralMeeting of the Company. The Company has received a notice u/s 160 of the Companies Act2013 from a shareholder of the Company proposing the candidature of Dr. Ajay I. Ranka forthe office of an Independent Director to hold the office upto the conclusion of the annualgeneral meeting of the Company to be held in the calendar year 2019.

In accordance with the Articles of association of the Company Mr. Rajesh C. ParikhChief Executive Officer and Managing Director of the company retire by rotation at thisAnnual General Meeting and being eligible offers himself for reappointment.

During the year under review the Members approved the appointments of Mr.Pravinchandra M. Shah Mr. Ram Devidayal Mr. Atul H. Patel and Mrs. Darsha R. Kinani asIndependent Directors of the Company who are not liable to retire by rotation. Mr. BharatKanani appointed as Chief Financial Officer of the Company w.e.f. 06th August 2014. TheCompany has set criteria for performance evaluation of Independent Directors BoardCommittees and other individual Directors. The note on familiarization programme toIndependent Directors are put on the website of the Company at the linkhttp://www.20microns.com/admin/upload/ Miscellaneous/Familiarization%20Programme%20for%20Independent%20Directors.pdf

The Company has also prepared a Remuneration Policy for the Directors Key ManagerialPersonnel and Senior Management Employees which is put on the website of the Company atthe link-http://www.20microns.com/admin/upload/Remuneration_Policy/20ML_Remuneration%20Policy.pdf

None of the Directors of the Company is disqualified under Section 164(2) of theCompanies act 2013. As required by law this position is also reflected in the Auditors'Report.

In accordance with provisions of Section 149 of the Companies Act 2013 and the ListingAgreement with the Stock Exchanges Mr. P. M. Shah Mr. Ram Devidayal Mr. Atul Patel Mrs.Darsha Kikani and Dr. Ajay Ranka have given a declaration to the Company that they meetthe criteria of independence as mentioned in Section 149(6) of the Companies Act 2013read with Clause 49(I)(A)(iii) of the Listing Agreement.

Auditors

A. Statutory Auditors

The Company Auditors M/s Manubhai and Shah Chartered Accountants retire at theconclusion of the forthcoming Annual General Meeting and are eligible for re-appointment.In accordance with Section 139(1) of the Companies Act 2013 read with the Companies(Audit and Auditors) Rules 2014 it is proposed to appoint Manubhai and Shah as StatutoryAuditors of the Company for one year at this Annual General Meeting.

B. Internal Auditors

The Company has appointed M/s. N C Vaishanav and Co. M/s. P Mani and Co. and M/s.Deopura and Associates Chartered Accountants as Internal Auditors of the Company for theF.Y. 2015-16 for the Western Region and Eastern Region South Region and North Regionrespectively.

C. Cost Auditors

The Company has appointed M/s Y.S. Thakar and Co. Cost Accountants to audit its costaccounting records relating to Mining and Metallurgy of ferrous and non-ferrous metals forthe Financial Year 2015-16 subject to ratification of his remuneration by shareholders ofthe Company.

The Company is seeking the ratification of the Shareholders for the remunerationpayable to M/s Y.S. Thakar and Co. Cost Accountants as the Cost Auditors of the Companyfor the Financial Year 2015-16 vide resolution no. 4 of the Notice of AGM.

D. Secretarial Auditors

As per provisions of Section 204 of the Companies Act 2013 and rules made thereunderthe Company is required to appoint Secretarial Auditor to carry out Secretarial Audit ofthe Company. The Company has appointed M/s. J.J. Gandhi and Co. Practicing CompanySecretaries as Secretarial Auditors of the Company for the F.Y. 2015-16.

Significant and material orders

There are no significant and material orders passed by the regulator or courts ortribunal impacting the going concern status and Company's operations in future.

Disclosures: CSR Committee

The CSR Committee comprises of Mr. P.M. Shah Mr. Chandresh Parikh and Mr. SudhirParikh as Members of the Committee.

Audit Committee

The Audit Committee comprises Independent Directors namely Mr. Ram Devidayal Mr. P.M.Shah and Mr. Atul Patel as Members of the Committee. All the recommendations made by theAudit Committee were accepted by the Board.

Vigil Mechanism

The Vigil Mechanism of the Company which also incorporates a whistle blower policy interms of the Listing Agreement. Vigil Disclosures can made by a whistle blower through anemail to the Chairman of the audit Committee. The policy of vigil mechanism may beassessed on the Company's website at the link: http://www.20microns.com/admin/upload/Miscellaneous/Vigilence%20policy.pdf

Meeting of the Board

Six meetings of Board of Directors were held during the year. For further detailsplease refer report on Corporate Governance annexed to this Annual Report.

Acknowledgement

Your Directors wish to express their grateful appreciation for the co-operation andsupport received from customers vendors shareholders Financial Institutions BanksRegulatory Authorities and the Society at large.

Deep appreciation is also recorded for the dedicated efforts and contribution ofExecutives Staff and Workers of the Company.

For and on behalf of the Board of Directors

Chandresh S. Parikh

Executive Chairman

Place : Waghodia Vadodara

Date : 07th August 2015

Annexure A

PART A - Statement containing the salient features of the financial statements ofsubsidiaries

[pursuant to first proviso to sub-section (3) of Section 129 of the Companies Act2013 read with Rule 5 of the Companies (Accounts) Rules 2014 - AOC-1]

Rs in lacs

Name of Subsidiary Financial Period ended Exchange Rate Share capital Reserves and Surplus Total Assets Total Liabilities (excluding Share capital and Reserves and Surplus Investments Turnover Profit/(Los s) before taxation Provision s for taxation Profit/(Los s) after taxation % of shareholding
1) 20 Microns Nano Minerals Ltd 31.03.2015 NA 605.00 259.48 2598.52 1734.04 - 2711.65 148.26 (4.09) 152.35 99.17%
2) 20 Microns FZE 31.03.2015 16.97 25.46 138.46 358.04 194.12 - 2055.00 270.13 - 270.13 100%
3) 20 Microns SDN BHD 31.03.2015 16.83 60.59 89.43 185.42 35.40 - 417.27 79.90 13.38 66.52 100%

Note :

1. Company is not having any associates or joint venture companies as on 31.03.2015

2. The Company has not liquidated or sold any of its subsidiary companies during FY2014-15

3. 20 Microns FZE and 20 Microns SDN BHD declared dividend during FY 2014-15

PART B - Statement pursuant to Section 129 (3) of the Companies Act 2013 relatedto Associate Companies and Joint Ventures The Company is not having any Associate Companyor Joint Venture Company as on 31st March 2015

For and on behalf of the Board of Directors of 20 Microns Ltd.

(Chandresh Parikh)

Executive Chairman

(Rajesh C. Parikh)

Chief Executive Officer and Managing Director

Place : Waghodia Vadodara

Date : 07th August 2015

Annexure - B : Particulars of Employees

[Information as per Rule 5(1) of Chapter XIII Companies (Appointment and Remunerationof Managerial Personnel) Rules 2014]

a. Remuneration paid to Whole Time Directors

Name Designation Remuneration in fiscal 2015 (in Rs Lacs) Remuneration in fiscal 2014 (in Rs Lacs) No. of Stock options granted in fiscal 2015 % increase in remuneration in 2015 as compared to 2014 Ratio of remuneration to MRE (Excl. WTD) Ratio of remuneration to MRE (Incl. WTD) Ratio of remuneration to revenues (fiscal 2015) Ratio of remuneration to Net Profit (fiscal 2015)
1 Mr. Chandresh Parikh Executive Chairman 45.47 45.47 - - 4.90 4.88 0.15 -11.16
2 Mr. Rajesh C. Parikh CEO and Managing Director 39.16 39.16 - - 5.69 5.67 0.13 -9.61
3 Mr. Atil C. Parikh Managing Director 32.05 32.05 - - 6.96 6.93 0.10 -7.87
4 Mr. Sudhir R. Parikh Director Finance – 35.90 39.16 - - 6.21 6.18 0.11 -8.81

b. Remuneration paid to Independent Directors

No remuneration was paid to Non-Executive Independent Directors during FY 2014-15 c.Remuneration of other Key Managerial Personnel (KMP)

Name Designation Remuneration in fiscal 2015 (in Rs Lacs) Remuneration in fiscal 2014 (in Rs Lacs) No. of Stock options granted in fiscal 2015 % increase in remuneration in 2015 as compared to 2014 Ratio of remuneration to MRE (Excl. WTD) Ratio of remuneration to MRE (Incl. WTD) Ratio of remuneration to revenues (fiscal 2015) Ratio of remuneration to Net Profit (fiscal 2015)
1 Mr. Bharat Kanani (Appointed w.e.f. 06.08.2014) Chief Financial Officer 20.82 NA - - 10.71 10.66 0.06 -5.11
2 Mrs. Anuja Muley Company Secretary 7.25 5.07 - 37% 30.76 30.62 0.02 -1.78

The Median Remuneration of Employee (MRE) excluding Whole Time Directors (WTDs) wasRs222600/- and Rs193789/- in fiscal 2015 and fiscal 2014 respectively. The increase in MRE(excluding WTDs) in fiscal 2015 as compared to fiscal 2014 is 14.87%.

The Median Remuneration of Employee (MRE) including Whole Time Directors (WTDs) wasRs221904/- and Rs193464/- in fiscal 2015 and fiscal 2014 respectively. The increase in MRE(including WTDs) in fiscal 2015 as compared to fiscal 2014 is 14.70%.

The number of permanent employees on the rolls of the Company as of March 31 2015 andMarch 31 2014 was 417 and 434 respectively.

The revenue increase during fiscal 2015 over fiscal 2014 was 7.8% and net profitdecrease was -3120%. The agreegate remuneration of employees excluding WTD grew by 8.00%over the previous fiscal. The agreegate increase in salary for WTDs and other KMPs was8.00% in fiscal 2015 over fiscal 2014. The rise in remuneration is made as perRemuneration Policy of the Company.

Our Market Capitalization increased by 14.83% to Rs12173.72 Lacs as of March 31 2015from Rs10601.29 Lacs as of March 31 2014. The Price Earning Ratio was -29.64 as of March31 2015 which was decrease of -104% as compared to March 31 2014. The closing price ofthe Company's equity shares on the NSE and BSE as of March 31 2015 was Rs35.60 and Rs36.00 respectively representing 30.91% (BSE) increase over the IPO price adjusted forstock splits to date.

The Company has not paid variable compensation to its managerial personnel duringfiscal year 2015. 2014-15

Component of remuneration to directors and other KMPs Fixed Salary Bonus Commission Total
As a percentage of revenue for fiscal 2015 0.5894 0.001 - 0.5904
As a percentage of net profit for fiscal 2015 -45.3179 -0.079 - -45.3969

During the fiscal 2015 no employee received remuneration in excess of the highest-paiddirector.

For and on behalf of the Board of Directors of 20 Microns Ltd.

(Chandresh Parikh)

Executive Chairman

(Rajesh C. Parikh)

Chief Executive Officer and Managing Director

Place : Waghodia Vadodara

Date : 07th August 2015

Annexure C - Particulars of Transactions made with related parties

[pursuant to Clause (h) of Sub-section (3) of Section 134 of the Companies Act 2013and Rule 8(2) of the Companies (Accounts) Rules 2014 - AOC -2]

This form pertains to the disclosure of particulars of transactions entered into by theCompany with related parties referred to in sub-section (1) of Section 188 of thecompanies Act 2013.

Details of transactions not at arm's length basis

There were no transactions entered into during the year ended March 31 2015 whichwere not at arm's length basis.

Details of transactions at arm's length basis

The details of transactions at arm's length basis for the year ended March 31 2015 areas follows-

Name of Related Party Nature of relationship Type of Transaction Duration of Contract Salient Terms* Amount ( In Rs Lacs)
20M NANO Minerals Ltd. Subsidiary Sales of Material Non Applicable Non Applicable 336.67
20M NANO Minerals Ltd. Subsidiary Rent Received Non Applicable Non Applicable 4.06
20M NANO Minerals Ltd. Subsidiary Advance Paid Non Applicable Non Applicable -
DMC Limited Related Party Advance Paid Non Applicable Non Applicable 75.72
Eriez Finance and Related Party Advance Paid Non Applicable Non Applicable 3.36
DMC Limited Related Party Advance Received Back Non Applicable Non Applicable -
Eriez Finance and Related Party Advance Received Back Non Applicable Non Applicable 4.02
20 Microns ESOS Trust Related Party Advance Received Back Non Applicable Non Applicable 18.61
20M NANO Minerals Ltd. Subsidiary Sale of Fixed Asset Non Applicable Non Applicable 6.99
20M NANO Minerals Ltd. Subsidiary Purchase of Material Non Applicable Non Applicable 228.29
20M NANO Minerals Ltd. Subsidiary Rent Paid Non Applicable Non Applicable 52.40
20M NANO Minerals Ltd. Subsidiary Purchase of Fixed Asset Non Applicable Non Applicable 38.72
20M NANO Minerals Ltd. Subsidiary Product Development Purchase Non Applicable Non Applicable 41.95

* Appropriate approvals have been taken for related party transactions.

For and on behalf of the Board of Directors of 20 Microns Ltd.

(Chandresh Parikh)

Executive Chairman

(Rajesh C. Parikh)

Chief Executive Officer and Managing Director

Place : Waghodia Vadodara

Date : 07th August 2015

Annexure D : Extract of Annual Return Form No. MGT - 9

[Pursuant to Section 92(3) of the Companies act 2013 and Rule 12(1) of the Companies(Management and Administration) Rules 2014]

I. REGISTRATION AND OTHER DETAILS:

1. CIN L99999GJ1987PLC009768
2. Registration Date 29.06.1987
3. Name of the Company 20 Microns Limited
4. Category / Sub-Category of the Company Public Company Limited by Shares
5. Address of the Registered office and contact details 9/10 GIDC Industrial Estate Waghodia Dist. Vadodara (Gujarat)
Phone No. – 02668 – 292297
6. listed company Yes
7. Name Address and Contact details of Registrar and Transfer Agent CAMEO CORPORATE SERVICES LTD.
"Subarmanian Building" No. 1 Club House Rd. CHENNAI -
600 002.
Tel : 044 - 28460390 / 395

II. PRINCIPAL BUSINESS ACTIVITIES OF THE COMPANY

Name and Description of main products / services NIC Code of the Product/ service % to total turnover of the company
1 Calcium carbonate/Dolomite/Chalk/Marble Powder 25262000 54%
2 China Clay 25070002 22%
3 Talc 25090000 10%

III. PARTICULARS OF HOLDING SUBSIDIARY AND ASSOCIATE COMPANIES

NAME AND ADDRESS OF THE COMPANY CIN/GLN HOLDING/ SUBSIDIARY/ ASSOCIATE % of shares held Applicable Section
1 20 Microns Nano Minerals Ltd. Plot No. 157 Village : Mamuara BHUJ Dist. Kutch Gujarat U15543GJ1993PLC020540 Subsidiary 99.17% 2(87)
2 20 Microns FZE SAIF Zone Sharjah UAE NA Subsidiary 100% 2(87)
3 20 Microns SDN BHD 6 Jalan Chew Sin on 31650 IPOH Perak NA Subsidiary 99.99% 2(87)

IV. SHARE HOLDING PATTERN (Equity Share Capital Breakup as percentage of Total Equity)

i) Category-wise Share Holding

Category Code No. of Shares held at the beginning of the year No. of Shares held at the end of the year % Change during the year
Demat Physical Total % of Total Shares Demat Physical Total % of Total Shares
A. SHAREHOLDING OF PROMOTER AND PROMOTER GROUP
1. INDIAN
a. INDIVIDUALS/ HINDU UNDIVIDED FAMILY 10449994 0 10449994 30.9026 10016694 0 10016694 29.6212 -1.2813
b. CENTRAL GOVERNMENT/ STATE GOVERNMENT(S) 0 0 0 0.0000 0 0 0 0.0000 0.0000
c. BODIES CORPORATE 8250235 0 8250235 24.3975 8250235 0 8250235 24.3975 0.0000
d. FINANCIAL INSTITUTIONS/ BANKS 0 0 0 0.0000 0 0 0 0.0000 0.0000
e. ANY OTHER SUB - TOTAL (A)(1) 18700229 0 18700229 55.3001 18266929 0 18266929 54.0187 -1.2813
2. FOREIGN
a. INDIVIDUALS (NON-RESIDENT INDIVIDUALS/ FOREIGN INDIVIDUALS) 0 0 0 0.0000 0 0 0 0.0000 0.0000
b. BODIES CORPORATE 0 0 0 0.0000 0 0 0 0.0000 0.0000
c. INSTITUTIONS 0 0 0 0.0000 0 0 0 0.0000 0.0000
d. QUALIFIED FOREIGN INVESTOR 0 0 0 0.0000 0 0 0 0.0000 0.0000
e. ANY OTHER SUB - TOTAL (A)(2) 0 0 0 0.0000 0 0 0 0.0000 0.0000
TOTAL SHARE HOLDING OF PROMOTER AND PROMOTER GROUP (A) = (A)(1)+(A)(2) 18700229 0 18700229 55.3001 18266929 0 18266929 54.0187 -1.2813
B. PUBLIC SHAREHOLDING
1. INSTITUTIONS
a. MUTUAL FUNDS/UTI 0 0 0 0.0000 0 0 0 0.0000 0.0000
b. FINANCIAL INSTITUTIONS/ BANKS 0 0 0 0.0000 10946 0 10946 0.0323 0.0323
c. CENTRAL GOVERNMENT/ STATE GOVERNMENT(S) 0 0 0 0.0000 0 0 0 0.0000 0.0000
d. VENTURE CAPITAL FUNDS 0 0 0 0.0000 0 0 0 0.0000 0.0000
e. INSURANCE COMPANIES 0 0 0 0.0000 0 0 0 0.0000 0.0000
f. FOREIGN INSTITUTIONAL INVESTORS 0 0 0 0.0000 0 0 0 0.0000 0.0000
g. FOREIGN VENTURE CAPITAL INVESTORS 0 0 0 0.0000 0 0 0 0.0000 0.0000
h. QUALIFIED FOREIGN INVESTOR 0 0 0 0.0000 0 0 0 0.0000 0.0000
i. ANY OTHER
SUB - TOTAL (B)(1) 0 0 0 0.0000 10946 0 10946 0.0323 0.0323
2. NON- INSTITUTIONS
a. BODIES CORPORATE 4937116 2153846 7090962 20.9693 7071656 0 7071656 20.9122 -0.0570
b. INDIVIDUALS -
I INDIVIDUAL SHAREHOLDERS HOLDING NOMINAL SHARE CAPITAL UPTO RS. 1 LAKH 2501350 22898 2524248 7.4646 2441308 22896 2464204 7.2871 -0.1775
II INDIVIDUAL SHAREHOLDERS HOLDING NOMINAL SHARE CAPITAL IN EXCESS OF RS. 1 LAKH 3296289 0 3296289 9.7477 3829226 0 3829226 11.3237 1.5759
c. QUALIFIED FOREIGN INVESTOR 0 0 0 0.0000 0 0 0 0.0000 0.0000
d. ANY OTHER
CLEARING MEMBERS 212313 0 212313 0.6278 11247 0 11247 0.0332 -0.5945
HINDU UNDIVIDED FAMILIES 196562 0 196562 0.5812 280750 1 280751 0.8302 0.2489
NON RESIDENT INDIANS 966695 827988 1794683 5.3072 1195917 684410 1880327 5.5604 0.2532
TRUSTS 616 0 616 0.0018 616 0 616 0.0018 0.0000
1376186 827988 2204174 6.5181 1488530 684411 2172941 6.4257 -0.0923
SUB - TOTAL (B)(2) 12110941 3004732 15115673 44.6998 14830720 707307 15538027 45.9488 1.2489
TOTAL PUBLIC SHAREHOLDING (B) = (B)(1)+(B)(2) 12110941 3004732 15115673 44.6998 14841666 707307 15548973 45.9812 1.2813
TOTAL (A)+(B) 30811170 3004732 33815902 100.0000 33108595 707307 33815902 100.0000 0.0000
C. SHARES HELD BY CUSTODIANS AND AGAINST WHICH DEPOSITORY RECEIPTS HAVE BEEN ISSUED
Promoter and Promoter Group 0 0 0 0.0000 0 0 0 0.0000 0.0000
Public 0 0 0 0.0000 0 0 0 0.0000 0.0000
TOTAL CUSTODIAN (C) 0 0 0 0.0000 0 0 0 0.0000 0.0000
GRAND TOTAL (A)+(B)+(C) 30811170 3004732 33815902 100.0000 33108595 707307 33815902 100.0000 0.0000

ii) Shareholding of Promoters

Shareholder’s Name Shareholding at the beginning of the year Shareholding at the end of the year % change in share holding during the year
No. of Shares % of total Shares of the Company % of Shares Pledged/ encumbered to total shares No. of Shares % of total Shares of the Company % of Shares Pledged/ encumbered to total shares
1 ERIEZ FINANCE AND INVESTMENT LTD 4267394 12.6194 9.5622 2767394 8.1837 0.0000 -4.4357
HAVING SAME PAN
1 ERIEZ FINANCE AND INVESTMENT LIMITED 3966430 11.7294 11.7294 2966430 8.7722 0.2957 -2.9571
HAVING SAME PAN
1 ERIEZ FINANCE AND INVESTMENT LIMITED 16411 0.0485 0.0000 2516411 7.4415 7.3929 7.3929
2 CHANDRESH S PARIKH JT1 : ILABEN PARIKH 3085402 9.1241 0.0000 3085402 9.1241 0.0000 0.0000
3 RAMESHBHAI BALDEVBHAI PATEL JT1 : KAMINI RAMESHBHAI PATEL JT2 : PATEL NEESHAD RAMESHBHAI 1441800 4.2636 0.0000 1441800 4.2636 0.0000 0.0000
4 RAJESH CHANDRESH PARIKH JT1 : SEJAL RAJESH PARIKH 1100000 3.2529 0.0000 1100000 3.2529 0.0000 0.0000
5 ATIL CHANDRESH PARIKH JT1 : PURVI ATIL PARIKH 1100000 3.2529 0.0000 1100000 3.2529 0.0000 0.0000
6 RAJESH C PARIKH JT1 : CHANDRESH S PARIKH 559956 1.6558 0.0000 559956 1.6558 0.0000 0.0000
7 CHANDRESH S PARIKH 544998 1.6116 0.0000 544998 1.6116 0.0000 0.0000
8 RAMESHBHAI BALDEVBHAI PATEL JT1 : KAMINI
RAMESHBHAI PATEL 511300 1.5120 0.0000 511300 1.5120 0.0000 0.0000
9 ATIL CHANDRESH PARIKH JT1 : CHANDRESH S PARIKH 484862 1.4338 0.0000 484862 1.4338 0.0000 0.0000
10 RANJANBEN BHANUBHAI PATEL 335300 0.9915 0.0000 0 0.0000 0.0000 -0.9915
11 SUDHIR RAMESHKANT PARIKH JT1 : DHARMISTHA SUDHIR PARIKH 334946 0.9904 0.0000 334946 0.9904 0.0000 0.0000
12 SHILPA CHETAN MEHTA JT1 : ANANTRAI KESHAVJI KAMDAR 260000 0.7688 0.0000 200000 0.5914 0.0000 -0.1774
13 ALPA CHETAN TURAKHIA JT1 : ANANTRAI KESHAVJI KAMDAR 200000 0.5914 0.0000 200000 0.5914 0.0000 0.0000
14 RUPAL ASHISH PATHAK JT1 : ANANTRAI KESHAVJI KAMDAR 166480 0.4923 0.0000 166480 0.4923 0.0000 0.0000
15 PARIKH ATIL CHANDRESH JT1 : ILABEN PARIKH 75094 0.2220 0.0000 75094 0.2220 0.0000 0.0000
16 SUDHIR RAMESHKANT PARIKH 61744 0.1825 0.0000 61744 0.1825 0.0000 0.0000
17 PATEL NEESHAD RAMESHBHAI JT1 : KAMINI RAMESHBHAI PATEL JT2 : RAMESHBHAI BALDEVBHAI PATEL 48076 0.1421 0.0000 48076 0.1421 0.0000 0.0000
18 YOGESH RAMESHKANT PARIKH JT1 : SHAILA YOGESH PARIKH 38000 0.1123 0.0000 0 0.0000 0.0000 -0.1123
19 PATEL NEESHAD RAMESHBHAI JT1 : KAMINI RAMESHBHAI PATEL 34694 0.1025 0.0000 34694 0.1025 0.0000 0.0000
20 ILABEN PARIKH 34000 0.1005 0.0000 34000 0.1005 0.0000 0.0000
21 KAMINI RAMESHBHAI PATEL JT1 : PATEL NEESHAD RAMESHBHAI JT2 : RAMESHBHAI BALDEVBHAI PATEL 33342 0.0985 0.0000 33342 0.0985 0.0000 0.0000

iii) Change in Promoters' Shareholding (please specify if there is no change)

Name of the Share holder Shareholding at the beginning of the year Cumulative Shareholding during the year
No. of shares % of total shares of the Company No. of shares % of total shares of the Company
1 ERIEZ FINANCE AND INVESTMENT LTD
At the beginning of the year 01-Apr-2014 4267394 12.6194 4267394 12.6194
Sale 23-May-2014 -1500000 4.4357 2767394 8.1837
At the end of the Year 31-Mar-2015 2767394 8.1837 2767394 8.1837
HAVING SAME PAN
1 ERIEZ FINANCE AND INVESTMENT LIMITED
At the beginning of the year 01-Apr-2014 3966430 11.7294 3966430 11.7294
Sale 23-May-2014 -1000000 2.9571 2966430 8.7722
At the end of the Year 31-Mar-2015 2966430 8.7722 2966430 8.7722
HAVING SAME PAN
1 ERIEZ FINANCE AND INVESTMENT LIMITED
At the beginning of the year 01-Apr-2014 16411 0.0485 16411 0.0485
Purchase 23-May-2014 2500000 7.3929 2516411 7.4415
At the end of the Year 31-Mar-2015 2516411 7.4415 2516411 7.4415
2 CHANDRESH S PARIKH
JT1 : ILABEN PARIKH
At the beginning of the year 01-Apr-2014 3085402 9.1241 3085402 9.1241
At the end of the Year 31-Mar-2015 3085402 9.1241 3085402 9.1241
3 RAMESHBHAI BALDEVBHAI PATEL
JT1 : KAMINI RAMESHBHAI PATEL
JT2 : PATEL NEESHAD RAMESHBHAI
At the beginning of the year 01-Apr-2014 1441800 4.2636 1441800 4.2636
At the end of the Year 31-Mar-2015 1441800 4.2636 1441800 4.2636
4 RAJESH CHANDRESH PARIKH
JT1 : SEJAL RAJESH PARIKH
At the beginning of the year 01-Apr-2014 1100000 3.2529 1100000 3.2529
At the end of the Year 31-Mar-2015 1100000 3.2529 1100000 3.2529
5 ATIL CHANDRESH PARIKH
JT1 : PURVI ATIL PARIKH
At the beginning of the year 01-Apr-2014 1100000 3.2529 1100000 3.2529
At the end of the Year 31-Mar-2015 1100000 3.2529 1100000 3.2529
6 RAJESH C PARIKH
JT1 : CHANDRESH S PARIKH
At the beginning of the year 01-Apr-2014 559956 1.6558 559956 1.6558
At the end of the Year 31-Mar-2015 559956 1.6558 559956 1.6558
7 CHANDRESH S PARIKH
At the beginning of the year 01-Apr-2014 544998 1.6116 544998 1.6116
At the end of the Year 31-Mar-2015 544998 1.6116 544998 1.6116
8 RAMESHBHAI BALDEVBHAI PATEL
JT1 : KAMINI RAMESHBHAI PATEL
At the beginning of the year 01-Apr-2014 511300 1.5120 511300 1.5120
At the end of the Year 31-Mar-2015 511300 1.5120 511300 1.5120
9 ATIL CHANDRESH PARIKH
JT1 : CHANDRESH S PARIKH
At the beginning of the year 01-Apr-2014 484862 1.4338 484862 1.4338
At the end of the Year 31-Mar-2015 484862 1.4338 484862 1.4338
10 RANJANBEN BHANUBHAI PATEL
At the beginning of the year 01-Apr-2014 335300 0.9915 335300 0.9915
Sale 11-Apr-2014 -75300 0.2226 260000 0.7688
Sale 18-Apr-2014 -260000 0.7688 0 0.0000
At the end of the Year 31-Mar-2015 0 0.0000 0 0.0000
11 SUDHIR RAMESHKANT PARIKH
JT1 : DHARMISTHA SUDHIR PARIKH
At the beginning of the year 01-Apr-2014 334946 0.9904 334946 0.9904
At the end of the Year 31-Mar-2015 334946 0.9904 334946 0.9904
12 SHILPA CHETAN MEHTA
JT1 : ANANTRAI KESHAVJI KAMDAR
At the beginning of the year 01-Apr-2014 260000 0.7688 260000 0.7688
Sale 02-Jan-2015 -60000 0.1774 200000 0.5914
At the end of the Year 31-Mar-2015 200000 0.5914 200000 0.5914
13 ALPA CHETAN TURAKHIA
JT1 : ANANTRAI KESHAVJI KAMDAR
At the beginning of the year 01-Apr-2014 200000 0.5914 200000 0.5914
At the end of the Year 31-Mar-2015 200000 0.5914 200000 0.5914
14 RUPAL ASHISH PATHAK
JT1 : ANANTRAI KESHAVJI KAMDAR
At the beginning of the year 01-Apr-2014 166480 0.4923 166480 0.4923
At the end of the Year 31-Mar-2015 166480 0.4923 166480 0.4923
15 PARIKH ATIL CHANDRESH
JT1 : ILABEN PARIKH
At the beginning of the year 01-Apr-2014 75094 0.2220 75094 0.2220
At the end of the Year 31-Mar-2015 75094 0.2220 75094 0.2220
16 SUDHIR RAMESHKANT PARIKH
At the beginning of the year 01-Apr-2014 61744 0.1825 61744 0.1825
At the end of the Year 31-Mar-2015 61744 0.1825 61744 0.1825
17 PATEL NEESHAD RAMESHBHAI
JT1 : KAMINI RAMESHBHAI PATEL
JT2 : RAMESHBHAI BALDEVBHAI PATEL
At the beginning of the year 01-Apr-2014 48076 0.1421 48076 0.1421
At the end of the Year 31-Mar-2015 48076 0.1421 48076 0.1421
18 YOGESH RAMESHKANT PARIKH
JT1 : SHAILA YOGESH PARIKH
At the beginning of the year 01-Apr-2014 38000 0.1123 38000 0.1123
Sale 11-Apr-2014 -38000 0.1123 0 0.0000
At the end of the Year 31-Mar-2015 0 0.0000 0 0.0000
19 PATEL NEESHAD RAMESHBHAI
JT1 : KAMINI RAMESHBHAI PATEL
At the beginning of the year 01-Apr-2014 34694 0.1025 34694 0.1025
At the end of the Year 31-Mar-2015 34694 0.1025 34694 0.1025
20 ILABEN PARIKH
At the beginning of the year 01-Apr-2014 34000 0.1005 34000 0.1005
At the end of the Year 31-Mar-2015 34000 0.1005 34000 0.1005
21 KAMINI RAMESHBHAI PATEL
JT1 : PATEL NEESHAD RAMESHBHAI
JT2 : RAMESHBHAI BALDEVBHAI PATEL
At the beginning of the year 01-Apr-2014 33342 0.0985 33342 0.0985
At the end of the Year 31-Mar-2015 33342 0.0985 33342 0.0985

iv) Shareholding Pattern of top ten Shareholders (other than Directors Promoters andHolders of GDRs and ADRs):

Name of the Share holder Shareholding at the beginning of the year Cumulative Shareholding during the year
No. of shares % of total shares of the Company No. of shares % of total shares of the Company
1 ARCADIA SHARE andSTOCK BROKERS PVT LTD
At the beginning of the year 01-Apr-2014 1748965 5.1720 1748965 5.1720
Sale 11-Apr-2014 -1500 0.0044 1747465 5.1675
Purchase 18-Apr-2014 158500 0.4687 1905965 5.6362
Sale 02-May-2014 -100 0.0002 1905865 5.6360
Sale 09-May-2014 -7 0.0000 1905858 5.6359
Sale 30-May-2014 -100 0.0002 1905758 5.6356
Sale 11-Jul-2014 -500 0.0014 1905258 5.6342
Purchase 12-Sep-2014 79495 0.2350 1984753 5.8692
Sale 19-Sep-2014 -300 0.0008 1984453 5.8684
Sale 30-Sep-2014 -1500 0.0044 1982953 5.8639
Sale 07-Nov-2014 -1000 0.0029 1981953 5.8610
Sale 14-Nov-2014 -100 0.0002 1981853 5.8607
Sale 05-Dec-2014 -5000 0.0147 1976853 5.8459
Purchase 19-Dec-2014 114580 0.3388 2091433 6.1847
Sale 16-Jan-2015 -27 0.0000 2091406 6.1846
Sale 23-Jan-2015 -860 0.0025 2090546 6.1821
Sale 30-Jan-2015 -500 0.0014 2090046 6.1806
Purchase 20-Mar-2015 19360 0.0572 2109406 6.2379
Sale 31-Mar-2015 -16 0.0000 2109390 6.2378
At the end of the Year 31-Mar-2015 2109390 6.2378 2109390 6.2378
HAVING SAME PAN
1 ARCADIA SHARE andSTOCK BROKERS PVT LTD
At the beginning of the year 01-Apr-2014 4940 0.0146 4940 0.0146
At the end of the Year 31-Mar-2015 4940 0.0146 4940 0.0146
HAVING SAME PAN
1 ARCADIA SHARE and STOCK BROKERS PVT. LTD
At the beginning of the year 01-Apr-2014 5 0.0000 5 0.0000
Purchase 18-Apr-2014 90 0.0002 95 0.0002
Sale 12-Sep-2014 -95 0.0002 0 0.0000
Purchase 23-Jan-2015 2122 0.0062 2122 0.0062
Purchase 06-Feb-2015 2 0.0000 2124 0.0062
Sale 13-Feb-2015 -2122 0.0062 2 0.0000
At the end of the Year 31-Mar-2015 2 0.0000 2 0.0000
HAVING SAME PAN
1 ARCADIA SHARE AND STOCK BROKERS PVT. LTD. BSE ABC COLLATERAL A/C
At the beginning of the year 01-Apr-2014 5 0.0000 5 0.0000
Purchase 04-Apr-2014 700 0.0020 705 0.0020
Sale 25-Apr-2014 -700 0.0020 5 0.0000
Purchase 02-May-2014 100 0.0002 105 0.0003
Purchase 09-May-2014 500 0.0014 605 0.0017
Purchase 16-May-2014 30470 0.0901 31075 0.0918
Purchase 23-May-2014 530 0.0015 31605 0.0934
Purchase 30-May-2014 2000 0.0059 33605 0.0993
Sale 06-Jun-2014 -30200 0.0893 3405 0.0100
Sale 13-Jun-2014 -300 0.0008 3105 0.0091
Sale 04-Jul-2014 -975 0.0028 2130 0.0062
Sale 14-Aug-2014 -25 0.0000 2105 0.0062
Purchase 05-Sep-2014 500 0.0014 2605 0.0077
Purchase 31-Oct-2014 1250 0.0036 3855 0.0113
Purchase 14-Nov-2014 250 0.0007 4105 0.0121
Purchase 21-Nov-2014 44500 0.1315 48605 0.1437
Sale 28-Nov-2014 -500 0.0014 48105 0.1422
Purchase 12-Dec-2014 12000 0.0354 60105 0.1777
Sale 19-Dec-2014 -53870 0.1593 6235 0.0184
Purchase 31-Dec-2014 5000 0.0147 11235 0.0332
Purchase 09-Jan-2015 10000 0.0295 21235 0.0627
Purchase 16-Jan-2015 2205 0.0065 23440 0.0693
Sale 23-Jan-2015 -1200 0.0035 22240 0.0657
Sale 20-Feb-2015 -1005 0.0029 21235 0.0627
Purchase 27-Feb-2015 500 0.0014 21735 0.0642
Sale 20-Mar-2015 -19560 0.0578 2175 0.0064
At the end of the Year 31-Mar-2015 2175 0.0064 2175 0.0064
HAVING SAME PAN
1 ARCADIA SHARE and STOCK BROKERS PVT LTD
At the beginning of the year 01-Apr-2014 0 0.0000 0 0.0000
Purchase 25-Apr-2014 100 0.0002 100 0.0002
Purchase 09-May-2014 1800 0.0053 1900 0.0056
Purchase 16-May-2014 61100 0.1806 63000 0.1863
Sale 23-May-2014 -300 0.0008 62700 0.1854
Sale 06-Jun-2014 -60000 0.1774 2700 0.0079
Purchase 18-Jul-2014 1000 0.0029 3700 0.0109
Sale 25-Jul-2014 -1000 0.0029 2700 0.0079
Purchase 14-Nov-2014 450 0.0013 3150 0.0093
Purchase 21-Nov-2014 36500 0.1079 39650 0.1172
Purchase 12-Dec-2014 28500 0.0842 68150 0.2015
Sale 19-Dec-2014 -61160 0.1808 6990 0.0206
Purchase 09-Jan-2015 1000 0.0029 7990 0.0236
Purchase 16-Jan-2015 3525 0.0104 11515 0.0340
Purchase 23-Jan-2015 2000 0.0059 13515 0.0399
Sale 20-Feb-2015 -904 0.0026 12611 0.0372
Purchase 31-Mar-2015 16 0.0000 12627 0.0373
At the end of the Year 31-Mar-2015 12627 0.0373 12627 0.0373
2 M/S.PRATIK MINERALS PVT.LTD.
At the beginning of the year 01-Apr-2014 1230769 3.6396 1230769 3.6396
Demated 19-Dec-2014 -1230769 3.6396 0 0.0000
At the end of the Year 31-Mar-2015 0 0.0000 0 0.0000
3 M/S.PRATIK MINERALS PVT.LTD.
At the beginning of the year 01-Apr-2014 923077 2.7297 923077 2.7297
Demated 30-Jan-2015 -923077 2.7297 0 0.0000
At the end of the Year 31-Mar-2015 0 0.0000 0 0.0000
4 SUNFLOWER BROKING PRIVATE LIMITED
At the beginning of the year 01-Apr-2014 584031 1.7270 584031 1.7270
Sale 04-Apr-2014 -304279 0.8998 279752 0.8272
Sale 11-Apr-2014 -41230 0.1219 238522 0.7053
Sale 18-Apr-2014 -17528 0.0518 220994 0.6535
Sale 25-Apr-2014 -153558 0.4540 67436 0.1994
Sale 02-May-2014 -30980 0.0916 36456 0.1078
Purchase 09-May-2014 110151 0.3257 146607 0.4335
Purchase 16-May-2014 78640 0.2325 225247 0.6660
Sale 23-May-2014 -36548 0.1080 188699 0.5580
Sale 30-May-2014 -2759 0.0081 185940 0.5498
Sale 06-Jun-2014 -17903 0.0529 168037 0.4969
Purchase 13-Jun-2014 12255 0.0362 180292 0.5331
Purchase 20-Jun-2014 6516 0.0192 186808 0.5524
Sale 30-Jun-2014 -4328 0.0127 182480 0.5396
Purchase 04-Jul-2014 235 0.0006 182715 0.5403
Purchase 11-Jul-2014 56500 0.1670 239215 0.7074
Purchase 18-Jul-2014 33112 0.0979 272327 0.8053
Purchase 25-Jul-2014 18488 0.0546 290815 0.8599
Purchase 01-Aug-2014 35186 0.1040 326001 0.9640
Sale 08-Aug-2014 -16773 0.0496 309228 0.9144
Purchase 14-Aug-2014 7761 0.0229 316989 0.9373
Purchase 22-Aug-2014 17245 0.0509 334234 0.9883
Purchase 29-Aug-2014 27115 0.0801 361349 1.0685
Sale 05-Sep-2014 -33694 0.0996 327655 0.9689
Sale 12-Sep-2014 -24850 0.0734 302805 0.8954
Purchase 19-Sep-2014 12342 0.0364 315147 0.9319
Purchase 30-Sep-2014 27770 0.0821 342917 1.0140
Sale 03-Oct-2014 -3248 0.0096 339669 1.0044
Purchase 10-Oct-2014 25195 0.0745 364864 1.0789
Purchase 17-Oct-2014 6405 0.0189 371269 1.0979
Purchase 24-Oct-2014 1093 0.0032 372362 1.1011
Sale 31-Oct-2014 -1647 0.0048 370715 1.0962
Purchase 07-Nov-2014 475 0.0014 371190 1.0976
Purchase 14-Nov-2014 4730 0.0139 375920 1.1116
Sale 21-Nov-2014 -95264 0.2817 280656 0.8299
Sale 28-Nov-2014 -7429 0.0219 273227 0.8079
Sale 05-Dec-2014 -42550 0.1258 230677 0.6821
Purchase 12-Dec-2014 12102 0.0357 242779 0.7179
Sale 19-Dec-2014 -32262 0.0954 210517 0.6225
Sale 31-Dec-2014 -13804 0.0408 196713 0.5817
Sale 02-Jan-2015 -40760 0.1205 155953 0.4611
Purchase 09-Jan-2015 6447 0.0190 162400 0.4802
Sale 16-Jan-2015 -53223 0.1573 109177 0.3228
Sale 23-Jan-2015 -13724 0.0405 95453 0.2822
Sale 30-Jan-2015 -26765 0.0791 68688 0.2031
Purchase 06-Feb-2015 46127 0.1364 114815 0.3395
Sale 13-Feb-2015 -13064 0.0386 101751 0.3008
Sale 20-Feb-2015 -24428 0.0722 77323 0.2286
Purchase 27-Feb-2015 20870 0.0617 98193 0.2903
Purchase 06-Mar-2015 18371 0.0543 116564 0.3447
Purchase 13-Mar-2015 9666 0.0285 126230 0.3732
Sale 20-Mar-2015 -21280 0.0629 104950 0.3103
Sale 27-Mar-2015 -61717 0.1825 43233 0.1278
Purchase 31-Mar-2015 94826 0.2804 138059 0.4082
At the end of the Year 31-Mar-2015 138059 0.4082 138059 0.4082
HAVING SAME PAN
4 SUNFLOWER BROKING PVT LTD
At the beginning of the year 01-Apr-2014 16446 0.0486 16446 0.0486
Purchase 04-Apr-2014 25325 0.0748 41771 0.1235
Sale 11-Apr-2014 -36938 0.1092 4833 0.0142
Purchase 18-Apr-2014 74323 0.2197 79156 0.2340
Purchase 25-Apr-2014 116570 0.3447 195726 0.5787
Sale 02-May-2014 -195726 0.5787 0 0.0000
Purchase 23-May-2014 30708 0.0908 30708 0.0908
Sale 30-May-2014 -16583 0.0490 14125 0.0417
Sale 06-Jun-2014 -5642 0.0166 8483 0.0250
Sale 13-Jun-2014 -8483 0.0250 0 0.0000
Purchase 20-Jun-2014 184 0.0005 184 0.0005
Purchase 30-Jun-2014 3867 0.0114 4051 0.0119
Sale 04-Jul-2014 -3974 0.0117 77 0.0002
Sale 11-Jul-2014 -77 0.0002 0 0.0000
Purchase 01-Aug-2014 112 0.0003 112 0.0003
Purchase 08-Aug-2014 212 0.0006 324 0.0009
Purchase 14-Aug-2014 6176 0.0182 6500 0.0192
Sale 22-Aug-2014 -6500 0.0192 0 0.0000
Purchase 29-Aug-2014 15943 0.0471 15943 0.0471
Sale 05-Sep-2014 -3774 0.0111 12169 0.0359
Sale 12-Sep-2014 -10244 0.0302 1925 0.0056
Sale 19-Sep-2014 -1925 0.0056 0 0.0000
Purchase 03-Oct-2014 2995 0.0088 2995 0.0088
Sale 10-Oct-2014 -2995 0.0088 0 0.0000
Purchase 17-Oct-2014 231 0.0006 231 0.0006
Purchase 24-Oct-2014 3707 0.0109 3938 0.0116
Sale 31-Oct-2014 -1697 0.0050 2241 0.0066
Sale 07-Nov-2014 -2001 0.0059 240 0.0007
Sale 14-Nov-2014 -240 0.0007 0 0.0000
Purchase 21-Nov-2014 30736 0.0908 30736 0.0908
Sale 28-Nov-2014 -16605 0.0491 14131 0.0417
Sale 05-Dec-2014 -14131 0.0417 0 0.0000
Purchase 12-Dec-2014 408 0.0012 408 0.0012
Purchase 19-Dec-2014 54303 0.1605 54711 0.1617
Sale 31-Dec-2014 -40642 0.1201 14069 0.0416
Purchase 02-Jan-2015 11840 0.0350 25909 0.0766
Sale 09-Jan-2015 -25758 0.0761 151 0.0004
Purchase 16-Jan-2015 22999 0.0680 23150 0.0684
Sale 23-Jan-2015 -23150 0.0684 0 0.0000
Purchase 30-Jan-2015 22783 0.0673 22783 0.0673
Sale 06-Feb-2015 -22783 0.0673 0 0.0000
Purchase 20-Feb-2015 31153 0.0921 31153 0.0921
Sale 27-Feb-2015 -23371 0.0691 7782 0.0230
Sale 06-Mar-2015 -7782 0.0230 0 0.0000
Purchase 20-Mar-2015 10692 0.0316 10692 0.0316
Purchase 27-Mar-2015 39558 0.1169 50250 0.1485
Sale 31-Mar-2015 -49460 0.1462 790 0.0023
At the end of the Year 31-Mar-2015 790 0.0023 790 0.0023
HAVING SAME PAN
4 SUNFLOWER BROKING PRIVATE LIMITED
At the beginning of the year 01-Apr-2014 11270 0.0333 11270 0.0333
Purchase 04-Apr-2014 124012 0.3667 135282 0.4000
Sale 11-Apr-2014 -134282 0.3970 1000 0.0029
Purchase 18-Apr-2014 2305 0.0068 3305 0.0097
Purchase 25-Apr-2014 68356 0.2021 71661 0.2119
Sale 02-May-2014 -71661 0.2119 0 0.0000
Purchase 23-May-2014 8542 0.0252 8542 0.0252
Sale 30-May-2014 -7710 0.0227 832 0.0024
Purchase 06-Jun-2014 5815 0.0171 6647 0.0196
Sale 13-Jun-2014 -6647 0.0196 0 0.0000
Purchase 04-Jul-2014 340 0.0010 340 0.0010
Sale 11-Jul-2014 -340 0.0010 0 0.0000
Purchase 01-Aug-2014 611 0.0018 611 0.0018
Purchase 08-Aug-2014 6571 0.0194 7182 0.0212
Sale 14-Aug-2014 -7182 0.0212 0 0.0000
Purchase 29-Aug-2014 4057 0.0119 4057 0.0119
Purchase 05-Sep-2014 15288 0.0452 19345 0.0572
Sale 12-Sep-2014 -16769 0.0495 2576 0.0076
Sale 19-Sep-2014 -975 0.0028 1601 0.0047
Sale 30-Sep-2014 -1601 0.0047 0 0.0000
Purchase 03-Oct-2014 2600 0.0076 2600 0.0076
Sale 10-Oct-2014 -2600 0.0076 0 0.0000
Purchase 31-Oct-2014 800 0.0023 800 0.0023
Purchase 07-Nov-2014 250 0.0007 1050 0.0031
Sale 14-Nov-2014 -1050 0.0031 0 0.0000
Purchase 21-Nov-2014 18125 0.0535 18125 0.0535
Sale 28-Nov-2014 -6225 0.0184 11900 0.0351
Sale 05-Dec-2014 -11900 0.0351 0 0.0000
Purchase 19-Dec-2014 11289 0.0333 11289 0.0333
Purchase 31-Dec-2014 19844 0.0586 31133 0.0920
Sale 02-Jan-2015 -14152 0.0418 16981 0.0502
Sale 09-Jan-2015 -16981 0.0502 0 0.0000
Purchase 16-Jan-2015 29824 0.0881 29824 0.0881
Sale 23-Jan-2015 -23176 0.0685 6648 0.0196
Purchase 30-Jan-2015 5402 0.0159 12050 0.0356
Sale 06-Feb-2015 -9201 0.0272 2849 0.0084
Sale 13-Feb-2015 -2849 0.0084 0 0.0000
Purchase 27-Feb-2015 10668 0.0315 10668 0.0315
Sale 06-Mar-2015 -10436 0.0308 232 0.0006
Purchase 13-Mar-2015 2026 0.0059 2258 0.0066
Sale 20-Mar-2015 -2258 0.0066 0 0.0000
Purchase 27-Mar-2015 6336 0.0187 6336 0.0187
Sale 31-Mar-2015 -6336 0.0187 0 0.0000
At the end of the Year 31-Mar-2015 0 0.0000 0 0.0000
HAVING SAME PAN
4 SUNFLOER BROKING PRIVATE LIMITED
At the beginning of the year 01-Apr-2014 0 0.0000 0 0.0000
Purchase 20-Mar-2015 14500 0.0428 14500 0.0428
At the end of the Year 31-Mar-2015 14500 0.0428 14500 0.0428
HAVING SAME PAN
4 SUNFLOWER BROKING PVT LTD
At the beginning of the year 01-Apr-2014 0 0.0000 0 0.0000
Purchase 20-Mar-2015 14500 0.0428 14500 0.0428
At the end of the Year 31-Mar-2015 14500 0.0428 14500 0.0428
HAVING SAME PAN
4 SUNFLOWER BROKING PRIVATE LIMITED
At the beginning of the year 01-Apr-2014 0 0.0000 0 0.0000
Purchase 21-Nov-2014 22000 0.0650 22000 0.0650
Sale 28-Nov-2014 -22000 0.0650 0 0.0000
Purchase 27-Mar-2015 3305 0.0097 3305 0.0097
Purchase 31-Mar-2015 4076 0.0120 7381 0.0218
At the end of the Year 31-Mar-2015 7381 0.0218 7381 0.0218
5 NARENDRA MANIBHAI PATEL
JT1 : PANNABEN NARENDRAKUMAR PATEL
At the beginning of the year 01-Apr-2014 474274 1.4025 474274 1.4025
At the end of the Year 31-Mar-2015 474274 1.4025 474274 1.4025
6 REKHA KAMDAR
JT1 : ANANTRAI KAMDAR
At the beginning of the year 01-Apr-2014 472400 1.3969 472400 1.3969
At the end of the Year 31-Mar-2015 472400 1.3969 472400 1.3969
7 IL AND FS SECURITIES SERVICES LIMITED
At the beginning of the year 01-Apr-2014 468554 1.3856 468554 1.3856
Sale 11-Apr-2014 -5888 0.0174 462666 1.3681
Purchase 13-Jun-2014 500 0.0014 463166 1.3696
Sale 05-Sep-2014 -500 0.0014 462666 1.3681
Sale 19-Sep-2014 -219979 0.6505 242687 0.7176
Purchase 31-Oct-2014 72950 0.2157 315637 0.9333
Sale 07-Nov-2014 -12000 0.0354 303637 0.8979
Sale 14-Nov-2014 -24200 0.0715 279437 0.8263
Sale 21-Nov-2014 -21200 0.0626 258237 0.7636
Purchase 28-Nov-2014 5400 0.0159 263637 0.7796
Sale 05-Dec-2014 -2100 0.0062 261537 0.7734
Sale 12-Dec-2014 -600 0.0017 260937 0.7716
Purchase 19-Dec-2014 2200 0.0065 263137 0.7781
Purchase 31-Dec-2014 2000 0.0059 265137 0.7840
Sale 09-Jan-2015 -5550 0.0164 259587 0.7676
Sale 16-Jan-2015 -3000 0.0088 256587 0.7587
Sale 23-Jan-2015 -10900 0.0322 245687 0.7265
Purchase 06-Feb-2015 118900 0.3516 364587 1.0781
Sale 13-Feb-2015 -363500 1.0749 1087 0.0032
Purchase 27-Feb-2015 1000 0.0029 2087 0.0061
Purchase 27-Mar-2015 15000 0.0443 17087 0.0505
Sale 31-Mar-2015 -15409 0.0455 1678 0.0049
At the end of the Year 31-Mar-2015 1678 0.0049 1678 0.0049
HAVING SAME PAN
7 IL AND FS SECURITIES SERVICES LIMITED
At the beginning of the year 01-Apr-2014 310000 0.9167 310000 0.9167
Sale 31-Dec-2014 -2000 0.0059 308000 0.9108
Purchase 13-Feb-2015 363500 1.0749 671500 1.9857
Sale 27-Mar-2015 -88000 0.2602 583500 1.7255
Sale 31-Mar-2015 -20000 0.0591 563500 1.6663
At the end of the Year 31-Mar-2015 563500 1.6663 563500 1.6663
HAVING SAME PAN
7 IL AND FS SECURITIES SERVICES LIMITED
At the beginning of the year 01-Apr-2014 27800 0.0822 27800 0.0822
Sale 11-Apr-2014 -27800 0.0822 0 0.0000
At the end of the Year 31-Mar-2015 0 0.0000 0 0.0000
HAVING SAME PAN
7 IL AND FS SECURITIES SERVICES LIMITED
At the beginning of the year 01-Apr-2014 21000 0.0621 21000 0.0621
Sale 21-Nov-2014 -21000 0.0621 0 0.0000
Purchase 20-Mar-2015 100000 0.2957 100000 0.2957
At the end of the Year 31-Mar-2015 100000 0.2957 100000 0.2957
8 CHINTAN MAGANLAL KAKKAD
At the beginning of the year 01-Apr-2014 435092 1.2866 435092 1.2866
Sale 06-Jun-2014 -10000 0.0295 425092 1.2570
At the end of the Year 31-Mar-2015 425092 1.2570 425092 1.2570
9 ANS PVT LIMITED
At the beginning of the year 01-Apr-2014 363913 1.0761 363913 1.0761
Sale 04-Apr-2014 -65000 0.1922 298913 0.8839
Sale 11-Apr-2014 -100000 0.2957 198913 0.5882
Purchase 25-Apr-2014 1000 0.0029 199913 0.5911
Purchase 02-May-2014 3000 0.0088 202913 0.6000
Sale 30-May-2014 -800 0.0023 202113 0.5976
Sale 06-Jun-2014 -100 0.0002 202013 0.5973
Sale 13-Jun-2014 -1000 0.0029 201013 0.5944
Sale 04-Jul-2014 -3000 0.0088 198013 0.5855
Purchase 01-Aug-2014 40000 0.1182 238013 0.7038
Purchase 08-Aug-2014 50000 0.1478 288013 0.8517
Purchase 14-Nov-2014 150 0.0004 288163 0.8521
Purchase 05-Dec-2014 2000 0.0059 290163 0.8580
Purchase 31-Dec-2014 34700 0.1026 324863 0.9606
Sale 16-Jan-2015 -2000 0.0059 322863 0.9547
Sale 30-Jan-2015 -18 0.0000 322845 0.9547
Purchase 06-Feb-2015 1228 0.0036 324073 0.9583
Sale 13-Feb-2015 -13600 0.0402 310473 0.9181
Sale 20-Feb-2015 -815 0.0024 309658 0.9157
Purchase 06-Mar-2015 400 0.0011 310058 0.9168
Sale 13-Mar-2015 -485 0.0014 309573 0.9154
Sale 20-Mar-2015 -99900 0.2954 209673 0.6200
Purchase 27-Mar-2015 100000 0.2957 309673 0.9157
Sale 31-Mar-2015 -600 0.0017 309073 0.9139
At the end of the Year 31-Mar-2015 309073 0.9139 309073 0.9139
HAVING SAME PAN
9 ANS PRIVATE LIMITED
At the beginning of the year 01-Apr-2014 0 0.0000 0 0.0000
Purchase 13-Feb-2015 15000 0.0443 15000 0.0443
At the end of the Year 31-Mar-2015 15000 0.0443 15000 0.0443
10 ANANTRAI KAMDAR
JT1 : REKHA KAMDAR
At the beginning of the year 01-Apr-2014 243922 0.7213 243922 0.7213
Sale 11-Jul-2014 -50000 0.1478 193922 0.5734
Sale 12-Dec-2014 -15000 0.0443 178922 0.5291
Sale 19-Dec-2014 -2000 0.0059 176922 0.5231
Sale 31-Dec-2014 -10000 0.0295 166922 0.4936
Sale 02-Jan-2015 -23000 0.0680 143922 0.4256
At the end of the Year 31-Mar-2015 143922 0.4256 143922 0.4256
NEW TOP 10 AS ON (31-Mar-2015)
11 MARFATIA STOCK BROKING PRIVATE LIMITED
At the beginning of the year 01-Apr-2014 130074 0.3846 130074 0.3846
Purchase 11-Apr-2014 132500 0.3918 262574 0.7764
Purchase 18-Apr-2014 500 0.0014 263074 0.7779
Sale 25-Apr-2014 -500 0.0014 262574 0.7764
Purchase 19-Sep-2014 253779 0.7504 516353 1.5269
Sale 10-Oct-2014 -5000 0.0147 511353 1.5121
Purchase 06-Feb-2015 75000 0.2217 586353 1.7339
Sale 20-Feb-2015 -6500 0.0192 579853 1.7147
Purchase 27-Feb-2015 6500 0.0192 586353 1.7339
Sale 27-Mar-2015 -15000 0.0443 571353 1.6895
Sale 31-Mar-2015 -97774 0.2891 473579 1.4004
At the end of the Year 31-Mar-2015 473579 1.4004 473579 1.4004
HAVING SAME PAN
11 MARFATIA STOCK BROKING PRIVATE LIMITED
At the beginning of the year 01-Apr-2014 145981 0.4316 145981 0.4316
Purchase 04-Apr-2014 17850 0.0527 163831 0.4844
Sale 11-Apr-2014 -349 0.0010 163482 0.4834
Sale 18-Apr-2014 -18196 0.0538 145286 0.4296
Sale 25-Apr-2014 -46318 0.1369 98968 0.2926
Sale 02-May-2014 -13100 0.0387 85868 0.2539
Sale 16-May-2014 -5950 0.0175 79918 0.2363
Sale 23-May-2014 -750 0.0022 79168 0.2341
Sale 30-May-2014 -1150 0.0034 78018 0.2307
Purchase 06-Jun-2014 33800 0.0999 111818 0.3306
Sale 13-Jun-2014 -23420 0.0692 88398 0.2614
Purchase 20-Jun-2014 17863 0.0528 106261 0.3142
Purchase 30-Jun-2014 14087 0.0416 120348 0.3558
Purchase 04-Jul-2014 18100 0.0535 138448 0.4094
Sale 11-Jul-2014 -20900 0.0618 117548 0.3476
Sale 18-Jul-2014 -58450 0.1728 59098 0.1747
Sale 25-Jul-2014 -6000 0.0177 53098 0.1570
Purchase 01-Aug-2014 50600 0.1496 103698 0.3066
Purchase 08-Aug-2014 37600 0.1111 141298 0.4178
Purchase 14-Aug-2014 3650 0.0107 144948 0.4286
Sale 22-Aug-2014 -12100 0.0357 132848 0.3928
Purchase 29-Aug-2014 22300 0.0659 155148 0.4588
Sale 05-Sep-2014 -10750 0.0317 144398 0.4270
Sale 12-Sep-2014 -23387 0.0691 121011 0.3578
Purchase 19-Sep-2014 5450 0.0161 126461 0.3739
Purchase 30-Sep-2014 39350 0.1163 165811 0.4903
Sale 03-Oct-2014 -10450 0.0309 155361 0.4594
Sale 10-Oct-2014 -2050 0.0060 153311 0.4533
Sale 17-Oct-2014 -32000 0.0946 121311 0.3587
Purchase 24-Oct-2014 38687 0.1144 159998 0.4731
Purchase 31-Oct-2014 47536 0.1405 207534 0.6137
Sale 07-Nov-2014 -9586 0.0283 197948 0.5853
Purchase 14-Nov-2014 10050 0.0297 207998 0.6150
Purchase 21-Nov-2014 43900 0.1298 251898 0.7449
Sale 28-Nov-2014 -25087 0.0741 226811 0.6707
Purchase 05-Dec-2014 4800 0.0141 231611 0.6849
Purchase 12-Dec-2014 7176 0.0212 238787 0.7061
Purchase 19-Dec-2014 29226 0.0864 268013 0.7925
Sale 31-Dec-2014 -89000 0.2631 179013 0.5293
Purchase 09-Jan-2015 12600 0.0372 191613 0.5666
Purchase 16-Jan-2015 14660 0.0433 206273 0.6099
Purchase 23-Jan-2015 4290 0.0126 210563 0.6226
Sale 30-Jan-2015 -29570 0.0874 180993 0.5352
Purchase 06-Feb-2015 15900 0.0470 196893 0.5822
Purchase 13-Feb-2015 1787 0.0052 198680 0.5875
Sale 20-Feb-2015 -100717 0.2978 97963 0.2896
Sale 27-Feb-2015 -9665 0.0285 88298 0.2611
Purchase 13-Mar-2015 18133 0.0536 106431 0.3147
Sale 20-Mar-2015 -21050 0.0622 85381 0.2524
Sale 27-Mar-2015 -47883 0.1415 37498 0.1108
Purchase 31-Mar-2015 59902 0.1771 97400 0.2880
At the end of the Year 31-Mar-2015 97400 0.2880 97400 0.2880
HAVING SAME PAN
11 MARFATIA STOCK BROKING PRIVATE LIMITED
At the beginning of the year 01-Apr-2014 131940 0.3901 131940 0.3901
Purchase 04-Apr-2014 24013 0.0710 155953 0.4611
Sale 11-Apr-2014 -110826 0.3277 45127 0.1334
Purchase 18-Apr-2014 7601 0.0224 52728 0.1559
Purchase 25-Apr-2014 34991 0.1034 87719 0.2594
Purchase 02-May-2014 34750 0.1027 122469 0.3621
Sale 16-May-2014 -53550 0.1583 68919 0.2038
Purchase 23-May-2014 200 0.0005 69119 0.2043
Sale 30-May-2014 -27350 0.0808 41769 0.1235
Sale 06-Jun-2014 -5206 0.0153 36563 0.1081
Sale 13-Jun-2014 -3630 0.0107 32933 0.0973
Sale 20-Jun-2014 -107 0.0003 32826 0.0970
Sale 30-Jun-2014 -32041 0.0947 785 0.0023
Sale 04-Jul-2014 -200 0.0005 585 0.0017
Purchase 11-Jul-2014 170 0.0005 755 0.0022
Purchase 18-Jul-2014 48143 0.1423 48898 0.1446
Sale 25-Jul-2014 -4089 0.0120 44809 0.1325
Purchase 08-Aug-2014 11900 0.0351 56709 0.1676
Purchase 14-Aug-2014 13725 0.0405 70434 0.2082
Purchase 22-Aug-2014 17300 0.0511 87734 0.2594
Sale 29-Aug-2014 -7545 0.0223 80189 0.2371
Purchase 12-Sep-2014 43687 0.1291 123876 0.3663
Sale 19-Sep-2014 -92550 0.2736 31326 0.0926
Purchase 30-Sep-2014 117550 0.3476 148876 0.4402
Sale 03-Oct-2014 -16150 0.0477 132726 0.3924
Sale 10-Oct-2014 -24800 0.0733 107926 0.3191
Purchase 17-Oct-2014 33050 0.0977 140976 0.4168
Sale 24-Oct-2014 -18737 0.0554 122239 0.3614
Sale 31-Oct-2014 -10750 0.0317 111489 0.3296
Sale 07-Nov-2014 -29750 0.0879 81739 0.2417
Sale 14-Nov-2014 -16900 0.0499 64839 0.1917
Sale 21-Nov-2014 -1500 0.0044 63339 0.1873
Purchase 28-Nov-2014 18887 0.0558 82226 0.2431
Sale 05-Dec-2014 -31400 0.0928 50826 0.1503
Sale 12-Dec-2014 -8326 0.0246 42500 0.1256
Sale 19-Dec-2014 -3650 0.0107 38850 0.1148
Purchase 31-Dec-2014 65800 0.1945 104650 0.3094
Purchase 02-Jan-2015 49600 0.1466 154250 0.4561
Sale 09-Jan-2015 -12600 0.0372 141650 0.4188
Sale 16-Jan-2015 -14645 0.0433 127005 0.3755
Sale 23-Jan-2015 -4305 0.0127 122700 0.3628
Purchase 30-Jan-2015 29570 0.0874 152270 0.4502
Sale 06-Feb-2015 -90900 0.2688 61370 0.1814
Sale 13-Feb-2015 -1787 0.0052 59583 0.1761
Purchase 20-Feb-2015 15217 0.0449 74800 0.2211
Sale 27-Feb-2015 -2435 0.0072 72365 0.2139
Sale 06-Mar-2015 -200 0.0005 72165 0.2134
Sale 13-Mar-2015 -30565 0.0903 41600 0.1230
Purchase 20-Mar-2015 21582 0.0638 63182 0.1868
Sale 27-Mar-2015 -39535 0.1169 23647 0.0699
Purchase 31-Mar-2015 35242 0.1042 58889 0.1741
At the end of the Year 31-Mar-2015 58889 0.1741 58889 0.1741
HAVING SAME PAN
11 MARFATIA STOCK BROKING PVT LTD
At the beginning of the year 01-Apr-2014 37771 0.1116 37771 0.1116
Sale 04-Apr-2014 -34654 0.1024 3117 0.0092
Sale 11-Apr-2014 -2768 0.0081 349 0.0010
Purchase 18-Apr-2014 10451 0.0309 10800 0.0319
Purchase 25-Apr-2014 11650 0.0344 22450 0.0663
Sale 02-May-2014 -22450 0.0663 0 0.0000
Purchase 16-May-2014 500 0.0014 500 0.0014
Sale 23-May-2014 -300 0.0008 200 0.0005
Purchase 30-May-2014 9800 0.0289 10000 0.0295
Sale 06-Jun-2014 -10000 0.0295 0 0.0000
Purchase 11-Jul-2014 200 0.0005 200 0.0005
Sale 18-Jul-2014 -200 0.0005 0 0.0000
Purchase 14-Aug-2014 28200 0.0833 28200 0.0833
Sale 22-Aug-2014 -6800 0.0201 21400 0.0632
Sale 29-Aug-2014 -21400 0.0632 0 0.0000
Purchase 05-Sep-2014 44500 0.1315 44500 0.1315
Sale 12-Sep-2014 -44300 0.1310 200 0.0005
Purchase 19-Sep-2014 6800 0.0201 7000 0.0207
Sale 30-Sep-2014 -7000 0.0207 0 0.0000
Purchase 21-Nov-2014 10800 0.0319 10800 0.0319
Sale 28-Nov-2014 -10800 0.0319 0 0.0000
Purchase 19-Dec-2014 31400 0.0928 31400 0.0928
Purchase 31-Dec-2014 18200 0.0538 49600 0.1466
Sale 02-Jan-2015 -49600 0.1466 0 0.0000
Purchase 06-Feb-2015 200 0.0005 200 0.0005
Sale 13-Feb-2015 -200 0.0005 0 0.0000
Purchase 27-Feb-2015 24500 0.0724 24500 0.0724
Sale 06-Mar-2015 -24500 0.0724 0 0.0000
Purchase 13-Mar-2015 18532 0.0548 18532 0.0548
Sale 20-Mar-2015 -18532 0.0548 0 0.0000
Purchase 27-Mar-2015 19000 0.0561 19000 0.0561
Sale 31-Mar-2015 -19000 0.0561 0 0.0000
At the end of the Year 31-Mar-2015 0 0.0000 0 0.0000
HAVING SAME PAN
11 MARFATIA STOCK BROKING PRIVATE LIMITED
At the beginning of the year 01-Apr-2014 32056 0.0947 32056 0.0947
Sale 04-Apr-2014 -31843 0.0941 213 0.0006
Sale 11-Apr-2014 -213 0.0006 0 0.0000
Purchase 18-Apr-2014 134 0.0003 134 0.0003
Purchase 25-Apr-2014 871 0.0025 1005 0.0029
Sale 02-May-2014 -1005 0.0029 0 0.0000
Purchase 23-May-2014 85 0.0002 85 0.0002
Purchase 30-May-2014 18415 0.0544 18500 0.0547
Sale 06-Jun-2014 -18325 0.0541 175 0.0005
Purchase 13-Jun-2014 26825 0.0793 27000 0.0798
Sale 20-Jun-2014 -17863 0.0528 9137 0.0270
Purchase 30-Jun-2014 18958 0.0560 28095 0.0830
Sale 04-Jul-2014 -18795 0.0555 9300 0.0275
Purchase 11-Jul-2014 20700 0.0612 30000 0.0887
Purchase 18-Jul-2014 10200 0.0301 40200 0.1188
Purchase 25-Jul-2014 10400 0.0307 50600 0.1496
Sale 01-Aug-2014 -50600 0.1496 0 0.0000
Purchase 08-Aug-2014 500 0.0014 500 0.0014
Purchase 14-Aug-2014 1500 0.0044 2000 0.0059
Purchase 22-Aug-2014 25400 0.0751 27400 0.0810
Purchase 29-Aug-2014 6545 0.0193 33945 0.1003
Sale 05-Sep-2014 -33945 0.1003 0 0.0000
Purchase 12-Sep-2014 53000 0.1567 53000 0.1567
Purchase 19-Sep-2014 69400 0.2052 122400 0.3619
Sale 30-Sep-2014 -122400 0.3619 0 0.0000
Purchase 03-Oct-2014 26600 0.0786 26600 0.0786
Purchase 10-Oct-2014 37450 0.1107 64050 0.1894
Sale 17-Oct-2014 -4050 0.0119 60000 0.1774
Sale 24-Oct-2014 -16075 0.0475 43925 0.1298
Sale 31-Oct-2014 -31925 0.0944 12000 0.0354
Purchase 07-Nov-2014 39350 0.1163 51350 0.1518
Purchase 14-Nov-2014 6850 0.0202 58200 0.1721
Sale 21-Nov-2014 -58200 0.1721 0 0.0000
Purchase 28-Nov-2014 17000 0.0502 17000 0.0502
Purchase 05-Dec-2014 26600 0.0786 43600 0.1289
Purchase 12-Dec-2014 1150 0.0034 44750 0.1323
Sale 19-Dec-2014 -39750 0.1175 5000 0.0147
Sale 31-Dec-2014 -5000 0.0147 0 0.0000
Purchase 20-Feb-2015 19820 0.0586 19820 0.0586
Sale 27-Feb-2015 -12720 0.0376 7100 0.0209
Purchase 06-Mar-2015 10600 0.0313 17700 0.0523
Sale 13-Mar-2015 -17700 0.0523 0 0.0000
Purchase 20-Mar-2015 17750 0.0524 17750 0.0524
Purchase 27-Mar-2015 70918 0.2097 88668 0.2622
Sale 31-Mar-2015 -88668 0.2622 0 0.0000
At the end of the Year 31-Mar-2015 0 0.0000 0 0.0000
HAVING SAME PAN
11 MARFATIA STOCK BROKING PRIVATE LIMITED
At the beginning of the year 01-Apr-2014 0 0.0000 0 0.0000
Purchase 31-Mar-2015 110600 0.3270 110600 0.3270
At the end of the Year 31-Mar-2015 110600 0.3270 110600 0.3270
HAVING SAME PAN
11 MARFATIA STOCK BROKING PVT LTD
At the beginning of the year 01-Apr-2014 0 0.0000 0 0.0000
Purchase 20-Feb-2015 16000 0.0473 16000 0.0473
At the end of the Year 31-Mar-2015 16000 0.0473 16000 0.0473
12 A.VIMAL CHAND . .
At the beginning of the year 01-Apr-2014 7713 0.0228 7713 0.0228
Purchase 04-Apr-2014 52287 0.1546 60000 0.1774
Purchase 11-Apr-2014 40000 0.1182 100000 0.2957
Purchase 25-Apr-2014 100000 0.2957 200000 0.5914
Purchase 02-May-2014 94938 0.2807 294938 0.8721
Purchase 09-May-2014 5062 0.0149 300000 0.8871
Sale 01-Aug-2014 -2938 0.0086 297062 0.8784
Sale 08-Aug-2014 -10324 0.0305 286738 0.8479
Purchase 14-Aug-2014 13262 0.0392 300000 0.8871
At the end of the Year 31-Mar-2015 300000 0.8871 300000 0.8871
HAVING SAME PAN
12 VIMALCHAND A .
At the beginning of the year 01-Apr-2014 0 0.0000 0 0.0000
Purchase 13-Jun-2014 20000 0.0591 20000 0.0591
Purchase 20-Jun-2014 17000 0.0502 37000 0.1094
Purchase 30-Jun-2014 3000 0.0088 40000 0.1182
Purchase 25-Jul-2014 45500 0.1345 85500 0.2528
At the end of the Year 31-Mar-2015 85500 0.2528 85500 0.2528

v) Shareholding of Directors and Key Managerial Personnel:

Shareholding at the beginning of the year Cumulative Shareholding during the year Shareholding at the end of the year
Name of Directors and KMP No. of shares % of total shares of the company Date wise Increase / Decrease in Promoters Shareholding during the year specifying the reasons for increase/ decrease (e.g. allotment/ transfer/ bonus/ sweat equity etc): No of shares increase /decrease No. of shares % of total shares of the company No. of shares % of total shares of the company
1 Mr. Chandresh S. Parikh 3630400 10.74 NA 0 NA NA 3630400 10.74
2 Mr. Rajesh C. Parikh 1659956 4.91 NA 0 NA NA 1659956 4.91
3 Mr. Atil C. Parikh 1659956 4.91 NA 0 NA NA 1659956 4.91
4 Mr. Sudhir R. Parikh 396690 1.17 NA 0 NA NA 396690 1.17
5 Mr. P.M. Shah 21500 0.06 NA 0 NA NA 21500 0.06
6 Mr. Ramkisan Devidayal 120000 0.35 NA 0 NA NA 120000 0.35
7 Mr. Atul Patel 0 0.00 200000 200000 (Transmission) 200000 0.59 200000 0.59
8 Mrs. Darsha Kikani 0 0.00 NA 0 NA NA 0 0.00
9 Dr. Ajay Ranka 0 0.00 NA 0 NA NA 0 0.00
10 Mr. Bharat Kanani 0 0.00 Puchase of 1 share on 06.12.2014 1 1 0.00 1 0.00
11 Mrs. Anuja Kedar Muley 0 0.00 Puchase of 1 share on 06.12.2014 1 1 0.00 1 0.00

V. INDEBTEDNESS

Indebtedness of the Company including interest outstanding/accrued but not due forpayment

(Rs in Lacs)

Secured Loans excluding deposits Unsecured Loans Deposits Total Indebtedness
Indebtedness at the beginning of the financial year
i) Principal Amount 14008.06 57.15 2135.88 16201.09
ii) Interest due but not paid - -
iii) Interest accrued but not due 83.57 164.38 247.96
Total (i+ii+iii) 14091.63 57.15 2300.26 16449.05
Change in Indebtedness during the financial year
• Addition 795.17 184.00 979.17
• Reduction 1516.98 57.15 365.01 1939.14
Net Change -721.81 126.85 -365.01 -959.97
Indebtedness at the end of the financial year
i) Principal Amount 13299.40 184.00 1797.31 15280.71
ii) Interest due but not paid -
iii) Interest accrued but not due 70.41 - 137.95 208.36
Total (i+ii+iii) 13369.82 184.00 1935.26 15489.08

VI. REMUNERATION OF DIRECTORS AND KEY MANAGERIAL PERSONNEL

A. REMUNERATION TO MANAGING DIRECTOR WHOLE-TIME DIRECTORS AND/OR MANAGER :

Particulars of Remuneration Name of Director / KMP Total Amount
Mr. Chandresh Parikh Mr. Rajesh Parikh Mr. Atil Parikh Mr. Sudhir Parikh
1 Gross salary
(a) Salary as per provisions contained in section 17(1) of the Income-tax Act 1961 4079400 3559296 2913456 3262688 13814840
(b) Value of perquisites u/s 17(2) Income-tax Act 1961 * Car 39600 28800 28800 26400 123600
(c) Profits in lieu of salary under section 17(3) Income- tax Act 1961 - - - 1000000 1000000
2 Stock Option - - - - -
3 Sweat Equity - - - - -
4 Commission - - - - -
- as % of profit - - - - -
- others specify… - - - - -
5 Others please specify Provident Fund 468000 357120 292320 327360 1444800
Total (A) 4587000 3945216 3234576 4616448 16383240
Ceiling as per the Act Since the Company has incurred loss during the FY 2014-15 the remuneration paid to the Whole Time Directors are as per the provisions of the then Schedule XIII of the Companies Act 1956

B. REMUNERATION TO OTHER DIRECTORS:

Particulars of Remuneration Name of Directors Total Amount
Mr. P. M. Shah Mr. Ram Devidayal Mr. Atul Patel Mrs. Darsha Kikani Dr. Ajay Ranka Mr. Naresh Makhija
1. Independent Directors Fee for attending board/committee meetings 89000 114000 69000 35000 15000 -
Commission - - - - - -
Others please specify - - - - - -
Total (1) 89000 114000 69000 35000 15000 - 208000
2. Other Non-Executive Directors Fee for attending board / committee meetings - - - - - 5000
Commission - - - - - -
Others please specify - - - - - -
Total (2) - - - - - 5000 5000
Total (B)=(1+2) 89000 114000 69000 35000 15000 5000 213000
Total Managerial Remuneration 16383240
Overall Ceiling as per the Act Since the Company has incurred loss during the FY 2014-15 the remuneration paid to the Whole Time Directors are as per the provisions of the then Schedule XIII of the Companies Act 1956

C. REMUNERATION TO KEY MANAGERIAL PERSONNEL OTHER THAN MD/MANAGER/WTD

Particulars of Remuneration Name of Director / KMP Total
Mr. Bharat Kanani (w.e.f. 06.08.2014) - CFO Mrs. Anuja Muley - CS
1 Gross salary
(a) Salary as per provisions contained in section 17(1) of the Income-tax Act 1961 2043039 667306 2710345
(b) Value of perquisites u/s 17(2) Income-tax Act 1961 * Car 19200 - 19200
(c) Profits in lieu of salary under section 17(3) Income-tax Act 1961 - - -
2 Stock Option - - -
3 Sweat Equity - - -
4 Commission - - -
- as % of profit - - -
- others specify… - - -
5 Others please specify Provident Fund 130403 45108 175511
Total 2192642 712414 2905056

VII. PENALTIES / PUNISHMENT / COMPOUNDING OF OFFENCES:

There were no penalties/punishment/compounding of offences for the year ending March31 2015

Annexure E : Conservation of Energy technology absorption foreign exchange earningsand outgo

Particulars pursuant to the Companies (Accounts) Rules 2014 Conservation of Energy:-

During year 2015 the company has taken some step at various unit of company tostrengthen energy conservation efforts. We used over 2.54 Crorer unit of electricityduring the year and restricted increase upto 10% compare to previous year by takingvarious steps as stated under

• Electricity Audits carried by professional Energy Auditors at Bhuj Hosur andAlwar plants to control harmonics level effecting in excess power consumption

• Choose an operating mode allowing switching off an unloaded machine usevariable speed drive choose less energy demanding strategies of movements use highefficiency motors and other equipment etc.

Use of Furnace Oil instead Coal and efficient use of solar energy to dry the slurry topowder

Before this year the company was utilizing coal a cheap source of energy at bhujplant. Since burning of coal associated with number of environmental challenges thecompany has made significant efforts to reduce coal usage and shifted to furnace oil. TheCompany's engineers have made effort and invest significant amount in purchase of importedburner to modify the design of existing equipment for usage of Furnace Oil instead ofcoal. The Company has also used solar energy for drying process. These efforts were moreconcerned to health and safety of public rather to reduce the cost.

As a result during the year company used only 15 M.T of coal compared to 107 M.T inyear 2013-14.

Technology Absorption:-

Company focus on development of new product process and developments in manufacturingplants to support existing business.

Following are the efforts made towards technology absorption:

• The German Technology of sub micron grinding was absorbed and put in use. Fullintegrated high volume mechanized plant installed at Alwar Plant came into good effectshowing saving compared to current less mechanized plants.

• Atomization towards new level with fully automated plants required less manpowerand controlled from distance resulted in consistency in process and supply with improvedworking conditions for reducing carbon footprint.

• Company has developed minerals base products for construction industry for fastcuring by reducing water usages.

• Development of cost effective product for paper industries.

• By applying best excavation techniques company extracted high purity reservewith a minimum of impurities.

Expenditure incurred on research and development is Rs14.55 Lacs

Foreign Exchange Earning and Outgo

Activities relating to exports; initiatives taken to increase exports; development ofnew export markets for products and services and export plans:

Total Foreign Exchange used and earned:

i. Foreign Exchange Earned: Rs2792.39 Lacs

ii. Foreign Exchange Used: Rs3543.11 Lacs

For and on behalf of the Board of Directors of 20 Microns Ltd.

(Rajesh C. Parikh)

Chief Executive Officer and Managing Director

(Chandresh Parikh)

Executive Chairman

Place : Waghodia Vadodara

Date : 07th August 2015

Annexure F : Annual Report on CSR Activities

[Pursuant to Section 135 of the Companies Act 2013]

20 Microns Ltd. recognizes that its business activities have wide impact on thesocieties in which it operates and therefore an effective practice is required giving dueconsideration to the interests of its stakeholders including shareholders customersemployees suppliers business partners local communities and other organizations. Thecompany endeavors to make CSR a key business process for sustainable development. 20Microns Ltd. is responsible to continuously enhance shareholders wealth; it is alsocommitted to its other stakeholders to conduct its business in an accountable manner thatcreates a sustained positive impact on society. Our company is committed towards aligningwith nature; and has adopted eco-friendly practices. We set up 20 Microns Foundation Trustin 2001. This was done to focus on our CSR initiatives long before the provision of theCompanies Act 2013 stating that the CSR activities undertaken by the Company has to bethrough a registered trust came into force.

CSR Committee

We have a Board Committee (CSR Committee) that provides oversight of CSR Policyexecution to ensure that the CSR objectives of the Company are met. Our CSR Committeecomprises:

• Mr. Pravinchandra M. Shah

• Mr. Chandresh S. Parikh

• Mr. Sudhir R. Parikh

Our Objective

As outlined in our CSR Policy our broad objective is to create an awareness of"Living A Normal Life with Diabetes. Visithttp://www.20microns.com/admin/upload/csr/CSR%20Policy.pdf for more details relating toour CSR Policy.

Financial Details

Section 135 of the Companies Act 2013 and Rules made thereunder prescribed that everycompany having a net worth of

Rs500 Crs or more or turnover of Rs1000 Crs or more or net profit of Rs5 Crs or moreduring any financial year shall ensure that the Company spends in every financial yearat least 2% of the average net profits made during the three immediately precedingfinancial years in pursuance of its Corporate Social Responsibility Policy. Theprovisions pertaining to corporate social responsibility as prescribed under the CompaniesAct 2013 are applicable to 20 Microns Ltd. The financial details as sought by theCompanies Act 2013 are as under

(Rs in Lacs)

Particulars Amount
Average net profit of the Company for last three financial years 636.38
Prescribed CSR expenditure (2% of the average net profit as computed above) 12.73
Details of CSR Expenditure during the financial year
Total amount to be spent for the financial year 12.73
Amount Spent -
Amount Unspent 12.73

Since the company went for financial restructuring monetary resources are limited tospend on Corporate Social Responsibility Activities.

The manner of the amount spent during the financial year is detailed as follows:

CSR Project/ activity/ beneficiary Sector Location of the Project/ programme Amount Outlay Amount spent on the projects/ programmes Cumulative expenditure up to the reporting period Amount spent direct/implementing agency
20 Microns Foundation Trust Health Care and medical facilities Vadodara and near vicinity 12.73 Lacs - - Through Foundation

Our CSR Responsibilities

We hereby affirm that the CSR Policy as approved by the Board has been implementedand the CSR Committee monitors the implementation of the CSR Project and activities incompliance with our CSR activities.

(Chandresh S. Parikh)

Executive Chairman

(P.M. Shah)

Director

Place : Waghodia Vadodara

Date : 07th August 2015

The Directors’ Report on the compliance of the Corporate Governance Code is givenbelow.

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