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Dalal Street Investments Ltd.

BSE: 501148 Sector: Financials
NSE: N.A. ISIN Code: INE422D01012
BSE LIVE 13:48 | 02 Dec 122.20 2.30
(1.92%)
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122.20

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NSE LIVE 05:30 | 01 Jan Stock Is Not Traded.
OPEN 122.20
PREVIOUS CLOSE 119.90
VOLUME 110
52-Week high 251.40
52-Week low 115.80
P/E
Mkt Cap.(Rs cr) 3.91
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 122.20
CLOSE 119.90
VOLUME 110
52-Week high 251.40
52-Week low 115.80
P/E
Mkt Cap.(Rs cr) 3.91
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Dalal Street Investments Ltd. (DALALSTREETINV) - Director Report

Company director report

TO THE SHAREHOLDERS

Dear Shareholders:

Your Directors have pleasure in presenting the 38TH ANNUAL REPORT on thebusiness and operations of the Company and Audited Statement of Accounts of the Companyfor the year ended 31st March 2015.

1) FINANCIAL HIGHLIGHTS

During the year under review performance of your company as under:

Particulars CURRENT YEAR PREVIOUS YEAR
RS. RS .
Profit/(Loss) for the year after meeting all charges and expenses but before provision for taxation (3569842) (965681)
Less: Provision for tax --
Add: B/f (Loss) from previous year (170847200) (169881518)
Less: Additional Depreciation pursuant to enactment of (22763)
Schedule II of Companies Act
Add: Excess provision written back --
Available for appropriation (174439805) (170847200)
Proposed Dividend -- --
Corporate Dividend Tax -- --
Transfer to General Reserve --
Account to be carried forward to next year (174439805) (170847200)
(174439805) (170847200)

2) DIVIDEND

In View of carried forward losses the Directors do not recommend the payment ofdividend on Equity Shares for the year ended 31st March 2015.

3) CHANGE IN THE NATURE OF BUSINESS IF ANY

There has been no change in the nature of business carried on during the financial yearunder review.

4) DIRECTORS

The Board of Directors in compliance with the section 149(1) of the Companies Act2013Mr. Vijay Pandya appointed as an Additional Director with effect from 13thNovember 2014.He shall hold office upto the date of the forthcoming Annual General Meetingand is eligible for appointment as a Independent Director. The Company has received anotice in writing along with deposit pursuant to Section 160 of Companies Act 2013proposing the appointment of Mr Vijay Pandya as Independent Director of the company. YourBoard has recommended the appointment of Mr. Vijay Pandya as Independent Director notliable to retire by rotation for a period of five consecutive years with effect from theconclusion of this Annual General Meeting till the conclusion of the 43rd Annual GeneralMeeting of the Company to be held in the calendar year 2020 not liable to retire byrotation.

Mr. Vikas Pavankumar Director of the Company resigned from the Board with effect from11th August 2014. Mr. Sudhir Shankar Bandiwadekar has been appointed as anAddional Director of your company on 11th August 2014 and regularized as a independentDirector on 26th September 2015.(AGM).

In accordance with the Provisions of Section-152 of the Companies Act 2013 and theCompany’s Articles of Association Mrs. Rita Pavankumar Director retire by rotationof the forthcoming Annual General Meeting and being eligible offer themselves forre-appointment.

5) DECLARATION OF INDEPENDENCE BY THE INDEPENDENT DIRECTORS

Pursuant to Section 149(6) of the Companies Act 2013 Independent Directors of thecompany have made a declaration confirming the compliance of the conditions ofindependence stipulated in the aforesaid section.

6) DIRECTOR RESPONSIBILITY STATEMENT

The Directors’ Responsibility Statement referred to in clause (c) ofsub-section (3) of Section 134 of the Companies Act 2013 shall state that

(a) in the preparation of the annual accounts the applicable accountingstandards had been followed along with proper explanation relating to material departures;

(b) the directors had selected such accounting policies and applied themconsistently and made judgments and estimates that are reasonable and prudent so as togive a true and fair view of the state of affairs of the company at the end of thefinancial year and of the profit and loss of the company for that period;

(c) the directors had 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;

(d) the directors had prepared the annual accounts on a going concern basis; and

(e) that the Directors had laid down internal financial controls to be followedby the Company and that such internal financial controls are adequate and were operatingeffectively; and

(f) the directors had devised proper systems to ensure compliance with theprovisions of all applicable laws and that such systems were adequate and operatingeffectively.

7) AUDITORS

The Auditors/s A.K.Nevatia & Associates Chartered Accountants were re-appointedas the statutory Auditors of the company under Section 139 of the Companies Act2013 tohold office for a period of three years upto the conclusion of the 40th AnnualGeneral Meeting in 2017.They are eligible for re-appointment for the financial year2015-16.Your Board recommends ratification of their appointment as the statutory Auditorsat the ensuing Annual General Meeting for a period upto the conclusion of the 40thAnnual General Meeting of the company.

The Company did not appoint any Internal Auditor for the period under review. TheCompany proposes to get the Internal Audit done in the Current year.

08) VIGIL MECHANISM/WHISTLE BLOWER POLICY

The Company has established a Vigil Mechanism/Whistleblower Policy for the employees toreport their genuine concerns or grievances and the same has been uploaded on the websiteof the Company at www.dalalstreetinvestments.com

The Audit Committee of the Company oversees the Vigil Mechanism.

09) NOMINATION AND REMUNERATION COMMITTEE

The Company has formed Nomination and Remuneration committee on 13thNovember 2014.

The Committee has formulated a Nomination and Remuneration Policy and the same has beenuploaded on the website of the Company at www.dalalstreetinvestments.com

10) AUDIT COMMITTEE

The Board of Directors has constituted an Audit Committee on 13th November2014 and empowered the committee to deal with all such matters which it may considerappropriate to perform as audit committee including items specified in Section 177(4) ofthe Companies Act 2013 (as may be modified/amended from time to time) and such matters asmay be assigned from time to time by the Board of Directors.

The details of composition meetings and attendance of the Meetings of the AuditCommittee are as under:-

S. No Name Category Designation No. of Meetings
Held Attended
1 Mr Vijay Pandya Independent Chairman 1 1
2 Mr Sudhir Bandiwadekar Independent Member 1 1
3 Mr Pavankumar Sanwarmal Non- Executive Member 1 1

There have been no instances of non acceptance of any recommendations of the AuditCommittee by the Board during the financial year under review.

11) RISK MANAGEMENT

Business Risk Evaluation and Mangement is an ongoing process within the Organization.The Company has a robust risk management framework to indentify monitor and minimizerisks as also indentify as also indentify business opportunities.

12) ANNUAL EVALUATION BY THE BOARD OF ITS OWN PERFORMANCE ITS COMMITTEES ANDINDIVIDUAL DIRECTORS

The Board of Directors of the Company has initiated and put in place evaluation of itsown performance its committees and individual directors. The result of the evaluation issatisfactory and adequate and meets the requirement of the Company.

13) HOLDING/SUBSIDIARY/ASSOCIATES COMPANIES:

S.N0. Name And Address Of The Company CIN/GLN Holding/Subsidiary/ Associate % of shares held Applicable Section
N.A. N.A. N.A. N.A. N.A. N.A.

14) PARTICULARS OF EMPLOYEES

None of the employees of the company received remuneration in excess of the limitspecified u/s Section 197 of the Companies Act 2013 read with Rule of the Companies(Appointment and Remuneration of Managerial Personnel) Rules 2014.

15) PARTICULARS OF CONTRACT OR ARRANGEMENT WITH RELATED PARTY

There is no transaction with Related Party which requires disclosure under Section134(3) (h) of the Companies Act 2013 and Rule 8(2) of the Companies (Accounts) Rules2014.

16) LOANS INVESTMENT AND GUARANTEES BY THE COMPANY

Disclosure as required under section 186(4) of the Companies Act 2013:

Particulars Amount(31/03/2015)
1 Loan Given As per Note-8 to the Financial Statements.
2 Investments made As per Note-7 to the Financial Statements.
3 Guarantees Given Nil

The above disclosure was not applicable for the previous year.

17) PUBLIC DEPOSITS

Your Company has not invited any deposits from public / shareholders in accordance withSection 73 and 74 of the Companies Act 2013 for the financial year ended on March 312015.

18) NUMBER OF MEETINGS OF THE BOARD OF DIRECTORS

During the year under review 7 Board meetings were held details ofwhich are given below. The intervening gap between the Meetings was within the periodprescribed under the Companies Act 2013.

Date of the meeting No. of Directors attended the meeting
29/05/2014 4
30/07/2014 4
11/08/2014 4
25/09/2014 4
13/11/2014 4
23/01/2015 4
30/03/2015 2

19) DETAILS OF DIRECTORS OR KEY MANAGERIAL PERSONNEL

S.No Name of Directors Date of Appointment Date of Cessation
1. Mr Pavankumar Sanwarmal 20/10/1983 NA
2. Mrs Rita Pavankumar 29/10/1998 NA
3. Mr Vikas Pavankumar 29/11/2004 11/08/2014
4 Mr Sudhir Bandiwadekar 11/08/2014 NA
5 Mr Vijay Pandya 13/11/2014 NA

20) DISCLOSURE OF PARTICULARS WITH RESPECT OF CONSERVATION OF ENERGY TECHNOLOGYABSORPTION AND FOREIGN EXCHANGE EARNING AND OUTGO Conservation Of Energy

The particulars as required under the provisions of Section 134 of the Companies Act2013 and as per Companies Accounts Rules 2015 in respect of conservation of energy has notbeen furnished considering the nature of activities undertaken by the company during theyear under review.

Technology Absorption

Your company has not conducted any R & D activity.

Foreign Exchange Earnings and Outgo

Foreign Exchange Earning: - Nil.

Foreign Exchange Expenditure: - Nil

21) MATERIAL CHANGES AFFECTING THE FINANCIAL POSITION OF THE COMPANY

There have been no material changes and commitments affecting the financial position ofthe Company which have occurred between the end of the financial year of the Company towhich the financial statement relates and the date of the report.

22) SECRETARIAL AUDIT REPORT

Pursuant to the provisions of Section 204 of the Companies Act 2013 read with theCompanies (Appointment and Remuneration of Managerial Personnel) Rules 2014 the Companyappointed Priyanka Agrawal Practising Company Secretary to undertake the SecretarialAudit of the Company. The Report of the Secretarial Auditor is annexed as Annexure“A” to this Report.

The Secretarial Audit Report as annexed is self-explanatory and do not call for anyfurther comments.

23) EXTRACT OF ANNUAL RETURN

The details forming part of the extract of the Annual Return in Form MGT-9 as requiredunder Section-92 of the Companies Act 2013 in included in this Report as Annexure-“B” and forms an integral part of this Report.

24) INTERNAL FINANCIAL CONTROLS

The management has formed adequate system of internal financial controls as required tomeet its financial needs and meeting day to day expenditure commensurate with nature andsize of its business.

25) CORPORATE GOVERNANCE

Corporate Governance stipulated in Clause 49 of the Listing Agreement is not applicableto the company as per SEBI Circular No: CIR/CFD/POLICY CELL/7/2014 dated 15thSeptember 2014.

26) SIGNIFICANT AND MATERIAL ORDERS PASSED BY THE REGULATORS OR COURTS

There were no significant and material orders passed against the Company by theregulators or courts or tribunals during FY 14-15 impacting the going concern status andCompany’s operations in future.

27) DISCLOSURES ABOUT CSR POLICY

The Company has not developed and implemented any Corporate Social Responsibilityinitiatives as the provisions under Section 135 of the Companies Act 2013 read with Rulesthereunder are not applicable to the Company for the year under review. Thus the Companyhas not made any contribution towards Corporate Social Responsibility activities.

28) APPRECIATION

We wish to place on record our deep and sincere appreciation for the contribution madeby the workers staff and executives to the performance of the Company.

By order of the Board of Directors of
DALAL STREET INVESTMENTS LTD
Place:Mumbai Director Director
Date:07/08/2015. Sudhir Bandiwadekar Rita Pavankumar

Annexure A to Boards Report

Secretarial Audit Report

For The Financial Year Ended on 31st March 2015.

[Pursuant to Section 204(1) of the Companies Act 2013 and Rule No. 9 of the Companies(Appointment and Remuneration of Managerial Personnel) Rules 2014]

To

The Members

Dalal Street Investments Ltd

Vishnu Smruti Apartments425/35

TMV Colony Gultekadi Pune-411037.

We have conducted the secretarial audit of the compliance of applicable statutoryprovisions and the adherence to good corporate practices by Dalal Street InvestmentsLtd (hereinafter called the Company). Secretarial Audit was conducted in a manner thatprovided us a reasonable basis for evaluating the corporate conducts/statutory compliancesand expressing my opinion thereon. Based on our verification of the books papers minutebooks forms and returns filed and other records maintained by the Company and also theinformation provided by the Company its officers agents and authorized representativesduring the conduct of secretarial audit we hereby report that in our opinion the Companyhas during the audit period ended on 31st March2015complied with thestatutory provisions listed hereunder and also that the Company has proper Board-processesand compliance-mechanism in place to the extent in the manner and subject to thereporting made hereinafter:

We have examined the books papers minute books forms and returns filed and otherrecords maintained by Dalal Street Investments Ltd ("The Company")for the period ended on 31st March2015 according to the provisions of:

I. The Companies Act 2013 (the Act) and the Rules made thereunder;

II. The Securities Contracts (Regulation) Act 1956 (‘SCRA’) and theRules made thereunder;

III. The Depositories Act 1996 and the Regulations and Bye-laws framed thereunder;

IV. Foreign Exchange Management Act 1999 and the Rules and Regulations made thereunderto the extent of Foreign Direct Investment Overseas Direct Investment and ExternalCommercial Borrowings;

V. The following Regulations and Guidelines prescribed under the Securities andExchange Board of India Act 1992 (‘SEBI Act’) viz:

a. The Securities and Exchange Board of India (Substantial Acquisition of Shares andTakeovers) Regulations 2011;

b. The Securities and Exchange Board of India (Prohibition of Insider Trading)Regulations 1992;

c. The Securities and Exchange Board of India (Issue of Capital and DisclosureRequirements) Regulations 2009;

d. The Securities and Exchange Board of India (Employee Stock Option Scheme andEmployee purchase scheme) Guidlines1999.

e. The Securities and Exchange Board of India (Issue and Listing of Debt Securities).Regulations2008.

f. The Securities and Exchange Board of India (Registrars to an Issue and ShareTransfer Agents) Regulations 1993 regarding the Companies Act and dealing with client;

g. The Securities and Exchange Board of India (Delisting of Equity Shares) Regulations2009; and.

h. The Securities and Exchange Board of India (Buyback of Securities) Regulations 1998;

(VI) OTHER APPLICABLE ACTS

(a) Income Tax Act1961 and Indirect Tax Laws

(b) Reserve Bank of India Act1934 and rules direction thereunder

(c) Prevention of Money laundering act 2002.

We have also examined compliance with the applicable clauses of the following:

i) Secretarial Standards issued by The Institute of Company Secretaries of India.

ii) The Listing Agreements entered into by the Company with the BSE Limited.

During the period under review the Company has complied with the provisions of the ActRules Regulations Guidelines Standards Listing Agreements etc mentioned above.

We further report that:

The Board of Directors of the Company is duly constituted with proper balance ofExecutive Directors Non-Executive Directors and Independent Directors. The changes in thecomposition of the Board of Directors that took place during the period under review werecarried out in compliance with the provisions of the Act.

Adequate notice is given to all directors to schedule the Board Meetings agenda anddetailed notes on agenda were sent at least seven days in advance and a system exists forseeking and obtaining further information and clarifications on the agenda items beforethe meeting and for meaningful participation at the meeting.

Majority decision is carried through while the dissenting members’ views arecaptured and recorded as part of the minutes.

The Company has obtained all necessary approvals under the various provisions of theAct; and There was no prosecution initiated and no fines or penalties were imposed duringthe year under review under the Act SEBI Act SCRA Depositories Act Listing Agreementand Rules Regulations and Guidelines framed under these Acts against / on the Companyits Directors and Officers.

We further report that the company has complied with NBFC guidelines and directionsissued by the Reserve Bank of India.

The Directors have complied with the disclosure requirements in respect of theireligibility of appointment their being independent and compliance with the Code ofBusiness Conduct & Ethics for Directors and Management Personnel;

We further report that there are adequate systems and processes in the companycommensurate with the size and operations of the Company to monitor and ensure compliancewith applicable laws rules regulations and guidelines.

We further report that during the audit period there were no instances of:

(i) Public/Rights/Preferential Issue of shares/debentures/sweat equity.

(ii) Redemption/buy-back of securities.

(iii) Major decisions taken by the Members in pursuance to Section-180 of the CompaniesAct2013.

(iv) Merger/amalgamation/reconstruction etc.

(v) Foreign technical collaborations.

Place : Mumbai Priyanka Agarwal
Date : 30/06/2015 Practising Company Secretary
COP No:-13554
Membership No:36480

Annexure to Director Report

Annexure-B

Form No. MGT-9

EXTRACT OF ANNUAL RETURN

as on the financial year ended on 31st March2015.

[Pursuant to section 92(3) of the Companies Act 2013 and rule 12(1) of theCompanies (Management and Administration) Rules 2014]

I. REGISTRATION AND OTHER DETAILS:

i) CIN:-L65990PN1977PLC141282

ii) Registration Date:18/11/1977.

iii) Name of the Company: Dalal Street Investments Ltd.

iv) Category / Sub-Category of the Company: Public Company/Limited by shares. v)Address of the Registered office and contact details:

Vishnu Smruti Apartments425/35TMV ColonyGultekadiPune-411037.

vi) Whether listed company: Yes

vii) Name Address and Contact details of Registrar and Transfer Agent if anyUniversal Capital Securities Private Limited. 21/25Shakil NiwasOpp.Satya Saibaba TempleMahakali Caves Road Andheri (East) Mumbai-400093.

Tel:+91(22)28207203-05/28257641.

Fax:+91222820/7207.

II. PRINCIPAL BUSINESS ACTIVITIES OF THE COMPANY

All the business activities contributing 10 % or more of the total turnover of thecompany shall be stated:-

Sl. No. Name and Description of main products / services NIC Code of the Product/ service % to total turnover of the company
1 Investments 100

III. PARTICULARS OF HOLDING SUBSIDIARY AND ASSOCIATE COMPANIES

S. N0 NAME AND ADDRESS OF THE COMPANY CIN/GLN HOLDING/ SUBSIDIARY / ASSOCIATE % of shares held Applicable Section
1 NIL NIL NIL NIL NIL
2 NIL NIL NIL NIL NIL

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

Total Equity)

i) Category-wise Share Holding

Category of Shareholders No. of Shares held at the beginning of the year (As on 01-04-2014) No. of Shares held at the end of the year (As on 31-03-2015) % Change during the year
Demat Physical Total % of Total Shares Demat Physical Total % of Total Shares
A. Promoters
(1) Indian
a) Individual/ HUF 1862 0 1862 0.59 1862 0 1862 0.59 0
b) Central Govt 0 0 0 0 0 0 0 0 0
c) State Govt (s) 0 0 0 0 0 0 0 0 0
d) Bodies Corp. 178101 0 178101 56.53 178101 0 178101 56.53 0
e) Banks / FI 0 0 0 0 0 0 0 0 0
f) Any 0 0 0 0 0 0 0 0 0
Other….
Sub-total (A) (1):- 179963 0 179963 57.12 179963 0 179963 57.12 0
(2) Foreign
a) NRIs – Individuals 0 0 0 0 0 0 0 0 0
b) Other – Individuals 0 0 0 0 0 0 0 0 0
c) Bodies Corp. 0 0 0 0 0 0 0 0 0
d) Banks / FI e) 0 0 0 0 0 0 0 0 0
Any Other….
Sub-total (A) (2):- 0 0 0 0 0 0 0 0 0
Total shareholding of Promoter (A) = (A)(1)+(A)(2) 179963 0 179963 57.12 179963 0 179963 57.12 0
B. Public Shareholding
1.Institutions
a) Mutual Funds 0 0 0 0 0 0 0 0 0
b) Banks / FI 0 0 0 0 0 0 0 0 0
c) Central Govt 0 0 0 0 0 0 0 0 0
d) State Govt(s) 0 0 0 0 0 0 0 0 0
e) Venture Capital Funds 0 0 0 0 0 0 0 0 0
f) Insurance Companies 0 0 0 0 0 0 0 0 0
g) FIIs 0 0 0 0 0 0 0 0 0
h)Foreign Venture Capital 0 0 0 0 0 0 0 0 0
Funds
i) Others (specify) 0 0 0 0 0 0 0 0 0
Sub-total (B)(1):- 0 0 0 0 0 0 0 0 0
2. Non- Institutions
a) Bodies corp.
i) Indian 47141 475 47616 15.11 47226 475 47701 15.14 0.03
ii) Overseas 0 0 0 0 0 0 0 0 0
b) Individuals
i) Individual shareholders holding nominal share capital upto Rs. 1 lakh 10025 62469 72494 23.01 17437 54737 72174 22.91 0.1
ii) Individual shareholders holding nominal share capital in excess of Rs 1 lakh. 0 15000 15000 4.76 0 15000 15000 4.76 0
c) Others (specify)
(c-i) Clearing Members 1 0 1 0.00 91 0 91 0.03 0.03
(c-ii)NRI/OCB’s 0 0 0 0.00 45 0 45 0.01 0.01
(c-iii) Trusts 0 0 0 0.00 100 0 100 0.03 0.03
Sub-total (B)(2):- 57167 77944 135111 42.88 64899 70212 135111 42.88 0 .2
Total Public Shareholding (B)=(B)(1)+ (B)(2) 57167 77944 135111 42.88 64899 70212 135111 42.88 0.4
C. Shares held by Custodian for GDRs & ADRs 0 0 0 0 0 0 0 0 0
Grand Total (A+B+C) 237130 77944 315074 100 244862 70212 315074 100 0.4

(ii)Shareholding of Promoters

Sl N Shareholder’s Name Shareholding at the beginning of the year Share holding at the end of 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 % change in shareholding during the year
1 Pavankumar Sanwarmal 970 0.31 Nil 970 0.31 Nil 0
2 Rita Pavankumar 350 0.11 Nil 350 0.11 Nil 0
3 Sanwarmal Pavankumar -HUF 542 0.17 Nil 542 0.17 Nil 0
4 Resham Resha Pvt ltd 90601 28.76 Nil 90601 28.76 Nil 0
5 SM Sheti Seva Pvt ltd 87500 27.77 Nil 87500 27.77 Nil 0
Total 179963 57.12 179963 57.12 0

(iii) Change in Promoters’ Shareholding ( please specify if there isno change)

Sl. No. Particulars 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
0 0 0 0 0

(iv) Shareholding Pattern of top ten Shareholders (other than DirectorsPromoters and Holders of GDRs and ADRs):

Sl. No. Shareholding at the beginning of the year Cumulative Shareholding during the year
For Each of the Top 10 Shareholders No. of shares % of total shares of the company No. of shares % of total shares of the company
1 Man-Made Fibres Pvt ltd 41700 13.23 41700 13.23
2 Dhanraj P Nathwani 15000 4.76 15000 4.76
3 Vinayak T. Sarkhot 9096 2.89
At the beginning of the year 9767 3.10
14/11/2014 Transfer -12 0 9755 3.10
21/11/2014 Transfer -5 0 9750 3.10
28/11/2014 Transfer -10 0 9740 3.10
05/12/2014 Transfer -16 0.01 9724 3.09
12/12/2014 Transfer -32 0.01 9692 3.08
19/12/2014 Transfer -10 0 9682 3.07
31/12/2014 Transfer -27 0.01 9655 3.06
02/01/2015 Transfer -4 0 9651 3.06
09/01/2015 Transfer -23 0.01 9628 3.06
16/01/2015 Transfer -32 0.01 9596 3.05
23/01/2015 Transfer -17 0.01 9579 3.04
30/01/2015 Transfer -51 0.02 9528 3.02
06/02/2015 Transfer -98 0.03 9430 2.99
13/02/2015 Transfer -61 0.02 9369 2.97
20/02/2015 Transfer -5 0 9364 2.97
27/02/2015 Transfer -57 0.02 9307 2.84
06/03/2015 Transfer -104 0.03 9203 2.86
13/03/2015 Transfer -77 0.02 9126 2.88
20/03/2015 Transfer -30 0.01 9096 2.89
At the end of the year(or on the date of separation if separated during the year) 9096 2.89
4 Vijay S. Pednekar 7682 2.44 7682 2.44
5 Parag J. Thakkar 5000 1.59 5000 1.59
6 Neelam P. Thakkar 5000 1.59 5000 1.59
7 Vaishnavi V. Pandya 5000 1.59 5000 1.59
8 Suman D. Dhanuka 5000 1.59 5000 1.59
9 Dinesh Dhanuka 5000 1.59 5000 1.59
10 Javeri Fiscal Services Ltd
At the beginning of the year 2821 0.90
20/03/2015 200 0.06 2621 0.83
Transfer
At the end of the year(or on the date of separation if separated during the year) 2621 0.83

(v) Shareholding of Directors and Key Managerial Personnel:

SR No. Shareholding at the beginning of the year Cumulative Shareholding during the year
For Each of the Directors and KMP No. of shares % of total shares of the company No. of shares % of total shares of the company
1 Pavankumar Sanwarmal (Non-Executive Director)
At the beginning of the year 970 0.31 970 0.31
Date wise Increase / Decrease in Share holding during the year. 0 0 0 0
At the End of the year 970 0.31 970 0.31
2 Rita Pavankumar (Non-Executive Director)
At the beginning of the year 350 0.11 350 0.11
Date wise Increase / Decrease in Share holding during the year. 0 0 0 0
At the End of the year 350 0.11 350 0.11
3 Sudhir S. Bandiwadekar (Non-Executive Director)
At the beginning of the year 2536 0.80 2536 0.80
Date wise Increase / Decrease in Share holding during the year. 0 0 0 0
At the End of the year 2536 0.80 2536 0.80
4 Vijay Pandya (Non-Executive Director)
At the beginning of the year 5000 1.59 5000 1.59
Date wise Increase / Decrease in Share holding during the 0 0 0 0
At the End of the year 5000 1.59 5000 1.59

V. INDEBTEDNESS

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

Secured Loans excluding deposits Unsecured Loans Deposits Total Indebtedness
Indebtedness at the beginning of the financial year
i) Principal Amount Nil Nil Nil Nil
ii) Interest due but not paid Nil Nil Nil Nil
iii) Interest accrued but not due Nil Nil Nil Nil
Total (i+ii+iii) Nil Nil Nil Nil
Change in Indebtedness during the financial year
Addition Nil Nil Nil Nil
Reduction Nil Nil Nil Nil
Net Change Nil Nil Nil Nil
Indebtedness at the end of the financial year
i) Principal Amount Nil Nil Nil Nil
ii) Interest due but not paid Nil Nil Nil Nil
iii) Interest accrued but not due Nil Nil Nil Nil
Total (i+ii+iii) Nil Nil Nil Nil

VI. REMUNERATION OF DIRECTORS AND KEY MANAGERIAL PERSONNEL

A. Remuneration to Managing Director Whole-time Directors and/or Manager:

Sl. no. Particulars of Remuneration Name of MD/WTD/ Manager Total Amount
1. Gross salary NIL NIL
(a) Salary as per provisions contained in section 17(1) of the Income-tax Act 1961
(b) Value of perquisites u/s 17(2) Income-tax Act 1961 NIL NIL
(c) Profits in lieu of salary under section 17(3) Income- tax Act 1961 NIL NIL
2. Stock Option NIL NIL
3. Sweat Equity NIL NIL
4. Commission NIL NIL
- as % of profit
- others specify…
5. Others please specify NIL NIL
Total (A) NIL NIL
Ceiling as per the Act NIL NIL

B. Remuneration to other directors:

Sl. no. Particulars of Remuneration Name of Directors Total Amount
-- -- -- --
1. Independent Directors NIL NIL NIL NIL NIL
• Fee for attending board committee meetings
• Commission
• Others please specify
Total (1) NIL NIL NIL NIL NIL
2. Other Non-Executive
Directors
• Fee for attending board committee meetings NIL NIL NIL NIL NIL
• Commission
• Others please specify
Total (2) NIL NIL NIL NIL NIL
Total (B)=(1+2) NIL NIL NIL NIL NIL
Total Managerial Remuneration NIL NIL NIL NIL NIL
Overall Ceiling as per the Act NIL NIL NIL NIL NIL

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

Sl. no. Particulars of Remuneration Key Managerial Personnel
CEO Company Secretary CFO Total
1. Gross salary NIL NIL NIL NIL
(a) Salary as per provisions contained in section 17(1) of the Income-tax Act 1961
(b) Value of perquisites u/s 17(2) Income-tax Act 1961
(c) Profits in lieu of salary under section 17(3) Income-tax Act 1961
2. Stock Option NIL NIL NIL NIL
3. Sweat Equity NIL NIL NIL NIL
4. Commission NIL NIL NIL NIL
- as % of profit
- others specify…
5. Others please specify NIL NIL NIL NIL
Total NIL NIL NIL NIL

VII. PENALTIES / PUNISHMENT/ COMPOUNDING OF OFFENCES:

Type Section of the Companies Act Brief Description Details of Penalty/Punishment/ Compounding fees imposed Authority (RD/NCLT/COUR T) Appeal made if any (give details)
A. COMPANY
Penalty Nil Nil Nil Nil Nil
Punishment Nil Nil Nil Nil Nil
Compounding Nil Nil Nil Nil Nil
B. DIRECTORS
Penalty Nil Nil Nil Nil Nil
Punishment Nil Nil Nil Nil Nil
Compounding Nil Nil Nil Nil Nil
C. OTHER OFFICERS IN DEFAULT
Penalty Nil Nil Nil Nil Nil
Punishment Nil Nil Nil Nil Nil
Compounding Nil Nil Nil Nil Nil

 

By order of the Board of Directors of
DALAL STREET INVESTMENTS LTD
Place:Mumbai Director Director
Date:07/08/2015. Sudhir Bandiwadekar Rita Pavankumar

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