You are here » Home » Companies » Company Overview » Gagan Gases Ltd

Gagan Gases Ltd.

BSE: 524624 Sector: Industrials
NSE: N.A. ISIN Code: INE076D01016
BSE LIVE 13:22 | 18 Dec 7.57 0.36
(4.99%)
OPEN

7.57

HIGH

7.57

LOW

7.57

NSE 05:30 | 01 Jan Stock Is Not Traded.
OPEN 7.57
PREVIOUS CLOSE 7.21
VOLUME 200
52-Week high 7.57
52-Week low 4.20
P/E 84.11
Mkt Cap.(Rs cr) 3
Buy Price 7.57
Buy Qty 2800.00
Sell Price 0.00
Sell Qty 0.00
OPEN 7.57
CLOSE 7.21
VOLUME 200
52-Week high 7.57
52-Week low 4.20
P/E 84.11
Mkt Cap.(Rs cr) 3
Buy Price 7.57
Buy Qty 2800.00
Sell Price 0.00
Sell Qty 0.00

Gagan Gases Ltd. (GAGANGASES) - Director Report

Company director report

Dear members

Your Directors have pleasure in presenting the 29th Annual Report togetherwith audited accounts for the year ended on 31st March 2015.

FINANCIAL RESULTS (Rs in lacs) (Rs. in lacs)
2014-15 2013-14
1. Income from operation 155 173
2. Other income 9 3
3. Profit / (Loss) before interest depreciation and tax 25 (30)
4. Less : Interest 3 3
5. Depreciation 15 13
6. Taxation -- --
7. Profit/ (Loss) during the year 7 (46)

OPERATIONS

The company has incurred net profit of Rs 7 lac as against loss of Rs.46 lac duringprevious year. The accumulated losses as on 31.3.15 are Rs 371 lacs as against Rs 380 oflast year. The accumulated losses are on account of losses incurred in LPG business. Thereis revival of LPG business in a small way because of the recent change of policy inselling LPG by Govt owned oil companies. The company has also started LPG cylinder fillingfor LPG Infrastructure India Ltd and has also done cylinder testing for BPCL

DIVIDEND.

In view of the accumulated losses the Board of Directors regret to recommend anydividend for the year 2014-2015.

DIRECTOR

Shri V.K.Khanna a Independent Director is retiring by rotation at the ensuring AnnualGeneral Meeting and being eligible offer himself for re-appointment as IndependentDirector for a period of 5 years upto 29 September 2020 Smt. Rekha Maheshwary wasappointed as additional director (woman director ) on 31.3.2015 by the Board of Directors.The company has not received proposal from any shareholder for her appointment as WomanDirector for the consideration by the member in AGM.

DIRECTORS’ RESPONSIBILITY STATEMENT

The Directors indicate that they have taken reasonable and bonafide care that :

1. In preparation of the annual accounts the applicable accounting standards have beenfollowed and in case of any deviation necessary explanation has been given andincorporated in director’s report to the members.

2. 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 at the end of the financial year and ofthe profits of the Company for that period.

3. The directors have taken proper and sufficient care for the maintenance of adequateaccounting records in accordance with the provisions of the Companies Act 1956 forsafeguarding the assets of the Company and for preventing and detecting fraud and otherirregularities.

4. Directors have prepared the Annual Accounts on a "going concern" basis.

CORPORATE GOVERNANCE

A separate report on corporate governance along with the General Shareholdersinformation as prescribed under the listing agreement is annexed as a part of the AnnualReport along with the Auditor’s Certificate on Corporate Governance.

EXTRACT OF ANNUAL RETURN

The details forming part of the extract of the Annual Return in the Form MGT-9 areenclose as per annexure to this report.

AUDIT COMMITTEE

Persuant to the provisions of section 177 of Companies Act 2013 your Company has AuditCommittee consisting of two Independent Directors – Mr. R.L.Chhabra( independentdirector ) as Chairman and Mr V.K.Khanna ( independent director ) and Mr. Gagan Maheshwaryas members.

DECLARATION OF INDEPENDENCE

Your Company has received declaration from all the Independent Directors confirmingthat they meet the criteria of Independence as prescribed under the provisions ofCompanies Act 2013 read with the Schedules and Rules made there under as well as Clause49 of the Listing Agreement.

PUBLIC DEPOSITS.

During the financial year 2014-15 your company has not accepted any deposits withinthe meaning of section 73 and 76 of the Companies Act read with the Companies (Acceptancef Deposits) Rules 2014 and other applicable laws and as such no amount of principle orinterest was outstanding as on date of the Balance Sheet. Company has received unsecureddeposit from the Directors and related parties. Company is holding deposit from directorsas on 3132015 and deposit from related parties have been paid back during 2014-15

STATUTORY AUDITORS.

The present auditors of the company M/s Dilip K Neema & Associates ChartedAccountants are retiring at the conclusion of the annual general meeting and beingeligible offer themselves for reappointment. As required under the provisions of sec 139of the Companies Act 2013 the company has obtained written consent from M/s Dilip K Neemaand Associates that their reappointment if made would be in conformity with the limitsspecified in the said section. None of the directors of the company and their relative isconcerned or interested financially or otherwise in the resolution for the appointment ofM/s Dilip K Neema & Associates Charted Accountants as Statutory Auditors The Board ofDirectors also recommend the reappointment of M/s Dilip K Neema & Associates ChartedAccountants as statutory auditors to hold office for two consecutive years till theconclusion of 31st annual general meeting.

AUDITORS’ REPORT ACCOUNTING STANDARDS AND POLICIES.

The Audit Committee and the Board of Directors have considered and approved theaccounting policy. Deviation if any from the applicable Accounting Standards in thepreparation of the Annual Statement necessary observations/ explanation of the Board aregiven. The notes to accounts referred to in the Auditor’s Report are self-explanatoryand therefore do not call for any further comments.

SECRETARIAL AUDITOR

M/s R.Lohia and Co Practicing Company Secretary ( membership no 2694 ) was appointed asSecrtariate Auditor to conduct the secretariat audit of the company for the financial year2014-15 as required under section 204 of the Companies Act 2013 and rules made thereunder.The secretariat audit report for the financial year 2014-15 is annexed as annexed andwhich forms part of this report.

CORPORATE SOCIAL RESPONSIBILITY ( CSR )

With regard to the year under review the company was not required to spend any amounton CSR activities in view of the accumulated losses

PERSONAL RELATIONS

Your company continues to enjoy cordial relations with its employees.

CONSERVATION OF ENERGY RESEARCH & DEVELOPMENT AND FOREIGN EXCHANGE EARNING ANDOUTGO

1. Conservation of energy

The operations of your company are not energy intensive. Because of limited use ofelectricity no additional step was taken for the conservation of energy. Powerconsumption during the was 20957 units costing Rs 201320 as against 17969 unitscosting Rs 196124 of last year.

2. Technology absorption adoption & innovation:

For the company’s existing product line there is no technical collaborationeither indigenous or imported. No new technology was absorbed or adopted during the year.

3. Foreign exchange earning and outgo:

There is no foreign exchange earning or out go during the year.

PARTICULARS OF EMPLOYEE

No person in the employment of the company was in receipt of remuneration whichattracted provisions of the Companies Act and rules made there under. There is no womenemployee only roll of the company.

For and behalf of the Board of
Directors
Place: Indore
Dated: 20.8.2015
K.R.Maheshwary
Chairman

ANNEXURE

REPORT ON CORPORATE GOVERNANCE

Management’s discussion and analysis report

1. Industry Structure and development.. .

The company’s business is that of LPG marketing after bottling into cylinders.Total LPG business is in the hands of Govt. owned oil companies who are placed at aadvantageous position because of sale at a subsidised price. There is revival of LPGbusiness in a small way because of the recent change of policy in selling LPG by Govtowned oil companies.

2. . Opportunities & Threats

Because of the subsidy given by Govt oil companies have monopolized LPG business.Recently the govt. has announced new distribution policy of sale of LPG by Govt ownedcompanies. This policy too is not open market driven price policy and LPG Bottling plantsin private sector are still facing resistance from the customers because of higher salerate. This policy of the Govt. is a threat towards the business opportunities of LPGBottling Plants in private sector.

3. . Outlook

Private sector LPG bottling plants cannot compete with Govt. oil companies who sell LPGat subsidized and Govt. controlled rates to demostic consumers. The future of LPG bottlingplants is linked with Govt. policies. The company is making efforts to revive sale of LPGto commercial segment. Company has entered into an agreement with LPG Infrastructure IndiaLtd. for filling of their LPG cylinders on contract basis. To cover up the losses thecompany has also started cylinder testing job for BPCL. 4. . Risk and concerns.

Govt. decision to continue price support on LPG to Govt. owned oil companies todemostic consumers and fluctuations in prices of petroleum products in internationalmarket are matters of great risk and concern to the company.

1.. CORPORATE GOVERNANCE PHILOSOPHY

Your company believes that good corporate governance measures and the disclosure of thesame to the investors will besides improving the organizational efficiency enhance longterm share holder’s value.

2.. BOARD OF DIRECTORS.

The compositions of the Board and number of meetings attended by the Directors.gs

Name of the Director Category of Directorship Other Directorships # Membership of other committees Attendance Board Meetings AGM
Shri K.R.Maheshwary DIN- 00786402 Executive Promoter 1 Nil 7 1
Shri Gagan Maheshwary DIN 00320425 Executive Promoter 3 2 6 1
Shri R.L.Chhabra DIN 00350684 Non-executive Independent Nil 3 7 1
Shri V.K Khanna DIN 00349572 Non-executive Independent Nil 3 7 1
Shmt Rekha Maheshwary DIN 00320503 Woman Director 1 Nil -- --

Shmt Rekha Maheshwary was appointed as Additional Director (Woman Director) on31.3.2015 # This figure is in respect of directorship held in private limited companies.

The details of shares held by the directors in the company as on 31st March2015 Details are given in MGT 9 enclosed with this report Board meetings held during theyear

The Board of the Company met 7 times during the financial year on the following dates: (1) 26th May14 (2) 30th May14 (3)30th July14 (4 )19thAugust14 (5) 30th October 14 (6) 30th Jan.15 (7) 31st March 15

3. COMMITTEE OF DIRECTORS

i) Audit Committee

The audit committee is constituted of Sh.R.L.Chhabra( independent director ) asChairman Sh.V.K.Khanna ( independent director) and Gagan Maheshwary as members. Duringthe year 6 meetings of audit committee were held. The committee composition meets with therequirements of sec 175(5) of the Companies Act 2013

ii) Stakeholders Relation Committee This committee is headed by Sh V.K.Khanna (independent director ) as Chairman and Sh R.L.Chhabra (independent directors ) andSh.Gagan Maheshwary Director as members. The committee met 4 times. There are nounattended pending complaints. Mr. Gagan Maheshwary is compliance officer. The committeecomposition meets with the requirements of sec 175(5) of the Companies Act 2013

iii) Nomination and Remuneration Committee.

This committee is headed of Sh R.L.Chhabra as Chairman and Shri V.K.Khanna is othermember. All the members are independent and non-executives. During the year meeting washeld to consider and approve the appointment of Woman Director and other executives duringthe year 2014-15

4 . CODE OF CONDUCT.

The Board of Directors has laid down/adopted a Code of Conduct for all the BoardMembers and senior management as per the requirements of the clause 49 of the listingagreement. All the directors have affirmed compliance of code of conduct. Code of conductis available on the web site of the Company www.gagangases.com

5. REMUNERATION PAID TO DIRECTORS DURING 2013-2014.

Director Relationship with other Directors Salary Rs.
Shri K.R Maheshwary Gagan Maheshwary 0 (3240 00)
Shri Gagan Maheshwary K.R.Maheshwary 0 (3403 20)

None of the directors has taken loan or advance from the company nor sitting fee hasbeen paid.

To improve the financial health of the company Sh K.R.Maheshwary and Sh GaganMaheshwary the directors have voluntarily offered not to take salary from April 2014 toMarch 2015

6 GENERAL BODY MEETINGS.

The location and time of the Annual General Meetings held during the last 3 years areas follows:

Annual General Meeting Date Time Venue No.of special resolution passed
26th 29th September2012 10 a.m. Registered office 1
27th 30th September2013 10 a.m. Registered office 1
28th 27th September2014 10 a.m. Registered office 1

7 DISCLOSURES.

During the year the company has received deposits from the related parties andintercorporate deposit. No amount is outstanding as payable to related parties as on31.3.2015 except directors.

The company has made purchases from related party global marketing (Proprietor GaganMaheshwary) who is holding distribution rights. These purchases are for the benefit of thecompany and has resulted to enhance the profitability of the company. These transactionsdo not have potential conflict with the interest of the company and were at arm's length.

8. MEANS OF COMMUNICATION.

Results are communicated through publication on the website of thecompany.(www.gagangases.com)

9. SHARE HOLDERS INFORMATION.

9.1 Annual General meeting will be held on Tuesday the 29th September2015. at Registered office of the Company at 602 Sector 3 Pithampur Distt. Dhar at 3PM .

9.2 Financial calendar : financial reporting for
Quarter ending 30th June (unaudited) last week of July 2015
Quarter ending 30th Sept. (unaudited) last week of Oct. 2015
Quarter ending 31st Dec. (unaudited) last week of Jan. 2015
Year ending 31st March ( audited ) last week of May 2016

Besides quarterly and annual results are displayed on the web site of the company.

9.3. Date of Book closure is 23.9.2015 to 29.9.2015 (both days inclusive. )

9.4 Dividend payment date :- None

9.5 Listing of stock exchanges : The equity shares of the company are listed on TheStock Exchange Mumbai. Annual listing fee of Rs 224720 has been paid to Bombay StockExchange on 27.4.2015

9.6 Stock Code : B.S.E . 524624.

9.7 Dematerialisation of share : In order to enable the shareholders to hold theirshares in electronic form and to facilitate scrip less trading the company has enlistedits share with National Securities Depository Ltd. (NSDL) and Central DepositorySecurities Ltd. (CDSL) No. of shares dematerialized are 3546275 as on 31stMarch 15 which is 78.48 % (78.26 % ) of total capital.

Annual custody fee has been paid to NSDL and CDSL for 2014-15

9.8 Plant Location : The plant is located at 602 & 603 Sector 3 Pithampur Distt.Dhar M.P. 9.9 Address for correspondance : Gagan Gases Ltd. 602 Sector 3 PithampurDistt Dhar M.P.

9.10 Registered office : Plot No. 602 Sector 3 Pithampur Distt. Dhar M.P.

9.11 Market Price Data

Monthly High and Low of Company’s Equity Share (Rs.10 per share ) for the yearended 31 March 2014 at the Stock Exchange Mumbai:

Month Low (Rs.) High(Rs.)
April 2014 3.89 4.69
May 2014 3.52 3.70
June2014 3.31 4.42
July2014 382 5.62
August2014 4.05 8.01
September2014 7.60 8.46
October2014 8.33 10.10
November2014 7.46 10.60
December2014 7.09 8.19
January2015 8.16 9.84
February2015 --
March2015 8.56 10.88

9.12 Address for correspondence for share transfer and related matters :

LINK INTIME INDIA PVT. LIMITED are Registrar & Share Transfer Agent for bothphysical share and electronic connectivity . Application for the transfer of shares anddematerialisation of share and other related matters may be sent to them at the followingaddress: Link Intime India Pvt Limited C-13 Panna Lal Silk Mill Compound LBS MargBhandup West Mumbai 400078

9.13 Shareholding pattern as on 31st March2015 Details given in MGT- 9

9.14 . Distribution of Shareholding as on 31st March2015

Shareholding of nominal value of Rs. No of Holders % No of Shares %
Upto 5000 5182 88.31 978169 21.65
5001 to 10000 384 6.54 325295 7.20
10001 to 20000 147 2.50 228358 5.05
20001 to 30000 54 0.92 136636 3.02
30001 to 40000 25 0.43 88138 1.95
40001 to 50000 24 0.41 110044 2.44
50001 to 100000 22 0.38 173210 3.83
Above 100001 30 0.51 2478650 54.86
Total 5868 100 4518500 100

9.15 E- mail ID. and web site.

The company is having e mail ID ---gagan.lubes @ gmail.com for Investor GrievanceRedressal. Company’s Website www(www.gagangases.com)

TO

The Members of GAGAN GASES LIMITED INDORE (M.P.)

We have examined the compliance of Corporate Governance by GAGAN GASES LIMITED INDORE(M.P.) for the year ended on March 31 2015 as stipulated in Clause 49 of the ListingAgreement of the Company with stock exchanges.

The compliance of conditions of Corporate Governance is the responsibility of themanagement. Our examination has been limited to a review of the procedures andimplementation thereof adopted by the Company for ensuring compliance with the conditionof the Corporate Governance as stipulated in the said Clause. It is neither an audit noran expression of opinion on the financial statement of the company.

In our opinion and to the best of our information and according to the explanationsgiven to us and based on the representation made by the Directors and the Management we certify that the Company has complied with the condition of Corporate Governance asstipulated in Clause 49 of the above mentioned Listing Agreement.

As required by the Guidance Note issued by the Institute of Charted Accountant of India we have to state that no investor grievances were pending for a period of one monthagainst the Company as per the records maintained by the Shareholders / Investor'sGrievance Committee.

We further state that such compliance is neither an assurance as to the futureviability of the Company nor of the efficiency with the management has conducted theaffairs of the Company.

For Dilip K. Neema & Associates Chartered accountants (CA. Dilip Neema) FRN 05279CMembership No.074067 INDORE Aug 1 2015

DECLARATION BY THE MANAGING DIRECTOR ON COMPLIANCE WITH CODE OF CONDUCT BY THEDIRECTORS.

I hereby confirm that all the directors have as on 31st March 15 affirmedcompliance to their respective code of conduct adopted by the company and confirmation tothat effect has been given by each of them.

Place : Indore K.R.Maheshwary
Date : 20.8.2015 Managing Director

Annexure to Report of the Directors Form No MGT-9 EXTRACT OF ANNUAL RETURN For thefinancial year ended 31st March 2015

I. REGISTRATION AND OTHER DETAILS

CIN : L 24111MP1986PLC004228 Registration date: 6.3.1986 Name of the company : GaganGases Ltd Category: Company limited by shares

Sub category of the company : Indian: Non Government Company Address of the RegisteredOffice: 602 Sector 3 Pithampur Distt Dhar MP Whether listed company ( yes/No ) YesName address and contact details of Registrar and Share Transfer Agent if any : LINKINTIME INDIA PVT. LIMITED

C-13 Panna Lal Silk Mill Compound LBS Marg Bhandup WestMumbai 400078 Contact details: 022 25963838

II. PRINCIPAL BUSINESS ACTIVITIES OF THE COMPANY

LPG Bottling Plant

III. PARTICULARS OF SUBSIDARY AND ASSOCIATE COMPANIES None

IV.

Sr No Category of Shareholders Shareholding at the beginning of the year - 2014 Shareholding at the end of the year - 2015 % Chan ge durin g the year
Demat Physi cal Total % of Total Shares Demat Physi cal Total % of Total Shares
(A ) Shareholding of Promoter and Promoter Group
[1] Indian
Individuals / Hindu

98091

10910

10900 24.123

139156

139186 30.803 6.680
(a) Undivided Family

8

0

18 4

4

300 4 7 3
(b Central Government / 0.000 0.000 0.000
) State Government(s)

0

0

0 0

0

0 0 0 0
-

40575

40605 8.979
(c) Bodies Corporate

0

300

0 8.9864

0

300 300 0.0066 8
(d Financial Institutions / 0.000 0.000 0.000
) Banks

0

0

0 0

0

0 0 0 0
(e) Any Other (Specify)
-

13866

1094

14960 33.109

139156

139216 30.810 2.299
Sub Total (A)(1)

68

00

68 8

4

600 4 3 5
[2] Foreign
Individuals (Non-Resident
Individuals / Foreign 0.000 0.000 0.000
(a) Individuals)

0

0

0 0

0

0 0 0 0
(b 0.000 0.000 0.000
) Bodies Corporate

0

0

0 0

0

0 0 0 0
0.000 0.000 0.000
(c) Institutions

0

0

0 0

0

0 0 0 0
(d
) Any Other (Specify)
0.000 0.000 0.000
Sub Total (A)(2) 0 0

0

0 0

0

0 0 0
Total Shareholding of -
Promoter and Promoter 13866 1094

14960

33.109 139156 139216 30.810 2.299
Group(A)=(A)(1)+(A)(2) 68 00

68

8 4

600

4 3 5
(B
) Public Shareholding
[1] Institutions
0.000 0.000 0.000
(a) Mutual Funds / UTI 0 0

0

0 0

0

0 0 0
(b Financial Institutions / 0.000
) Banks 3200 0

3200

0.0708 3200

0

3200 0.0708 0
Central Government / 0.000 0.000 0.000
(c) State Government(s) 0 0

0

0 0

0

0 0 0
(d 0.000 0.000 0.000
) Venture Capital Funds 0 0

0

0 0

0

0 0 0
0.000 0.000 0.000
(e) Insurance Companies 0 0

0

0 0

0

0 0 0
Foreign Institutional 0.000 0.000 0.000
(f) Investors 0 0

0

0 0

0

0 0 0
Foreign Venture Capital 0.000 0.000 0.000
(g) Investors 0 0

0

0 0

0

0 0 0
(h
) Any Other (Specify)
0.000
Sub Total (B)(1) 3200 0

3200

0.0708 3200

0

3200 0.0708 0
[2] Non-Institutions
(a) Bodies Corporate
75674 17.000 70405 15.833 -
(i) Indian 3 11400

768143

0 6

11400

715456 9 1.1661
(ii 0.000
) Overseas 0 3000

3000

0.0664 0

3000

3000 0.0664 0
(b
) Individuals
Individual shareholders holding nominal share 10807 8298

191055

42.283 106231

85712

191943 42.479 0.196
(i) capital upto Rs. 1 lakh. Individual shareholders holding nominal share 32 25

7

0 3

5

8 5 5
(ii capital in excess of Rs. 1 36786

7050

43836 3.298
) lakh 289311 0

289311

6.4028 6

0

6 9.7016 8
(c) Any Other (Specify)
0.000
Clearing Member 5800 0

5800

0.1284 5800

0

5800 0.1284 0
-
0.002
Market Maker 1450 0

1450

0.0321 1325

0

1325 0.0293 8
Non Resident Indians 2960

2960

0.000
(Repat) 4906 0

34506

0.7637 4906

0

34506 0.7637 0
Non Resident Indians (Non 0.000
Repat) 500 0

500

0.0111 500

0

500 0.0111 0
-
0.027
Hindu Undivided Family 5965 0

5965

0.1320 4745

0

4745 0.1050 0
21454 8738

30192

66.819 215151

97162

312313 69.118 2.299
Sub Total (B)(2) 07 25

32

3 1

5

6 9 6
Total Public
Shareholding(B)=(B)(1)+ (B)(2) 21486 8738

30224

66.89 215471

97162

312633 69.189 2.299
07 25

32

02 1

5

6 7 5
35352 9832

45185

100.00 35462

97222

45185 100.00 0.000
Total (A)+(B) 75 25

00

00 75

5

00 00 0
(C ) Shares held by custodians and against which depository receipts have been issued
[1] Promoter and Promoter Group 0 0

0

0 0

0

0 0 0
0.000 0.000 0.000
[2] Public 0 0

0

0 0

0

0 0 0
35352 9832

45185

100.00 35462

97222

45185 100.00
Total (A)+(B)+(C) 75 25

00

00 75

5

00 00

 

Sr Shareholder's Name Shareholding at the beginning of the year - 2014 Shareholding at the end of the year – 2015
NO. OF SHARE S HELD % of total Shares of the company %of Shares Pledged /encumb ered to total shares NO.OF SHAR ES HELD % of total Shares of the compan y %of Shares Pledged/ encumber ed to total shares % change in sharehol ding during the year
1 GAGAN INVESTMENT 40575 8.9797 0.0000 411396 9.1047 0.0000 0.1250
PRIVATE LIMITED 0
2 KUL RATTAN MAHESHWARY 24353 5.3896 0.0000 24353 5.3896 0.0000 0.0000
0 0
3 RICHA MAHESHWARI 199376 4.4124 0.0000 19937 4.4124 0.0000 0.0000
6
4 REKHA MAHESHWARY 193607 4.2848 0.0000 195357 4.3235 0.0000 0.0387
5 GAGAN MAHESHWARY 145305 3.2158 0.0000 14530 3.2158 0.0000 0.0000
5
6 RAJESH VIJ 76975 1.7036 0.0000 76975 1.7036 0.0000 0.0000
7 RENU VIJ 73000 1.6156 0.0000 73000 1.6156 0.0000 0.0000
8 ROSHAN LAL CHHABRA 23500 0.5201 0.0000 23500 0.5201 0.0000 0.0000
9 PARMESHWARY DASS 23400 0.5179 0.0000 0 0.0000 0.0000 -0.5179
10 ANKIT VIJ 16875 0.3735 0.0000 16875 0.3735 0.0000 0.0000
11 DEVKI DEVI 14250 0.3154 0.0000 0 0.0000 0.0000 -0.3154
12 POONAM CHHABRA 11250 0.2490 0.0000 0 0.0000 0.0000 -0.2490
13 BABITA 10800 0.2390 0.0000 0 0.0000 0.0000 -0.2390
14 SALONI ARORA 10800 0.2390 0.0000 0 0.0000 0.0000 -0.2390
15 G A DESA 10000 0.2213 0.0000 0 0.0000 0.0000 -0.2213
16 KUL BHUSHANMAHESHWARY 5350 0.1184 0.0000 0 0.0000 0.0000 -0.1184
17 RAMESH KUMAR SHARMA 3750 0.0830 0.0000 0 0.0000 0.0000 -0.0830
18 RAJ CHHABRA 3250 0.0719 0.0000 3250 0.0719 0.0000 0.0000
19 RISHI CHHABRA 3000 0.0664 0.0000 3000 0.0664 0.0000 0.0000
20 JAGNANTH KHANNA 2500 0.0553 0.0000 0 0.0000 0.0000 -0.0553
21 JOGENDRA SINGH 2500 0.0553 0.0000 0 0.0000 0.0000 -0.0553
22 KUL BHUSHAN MAHESHWARY 2500 0.0553 0.0000 0 0.0000 0.0000 -0.0553
23 RAJENDRA KAUR 2500 0.0553 0.0000 0 0.0000 0.0000 -0.0553
24 RAKESH KUMAR SHARMA 2500 0.0553 0.0000 0 0.0000 0.0000 -0.0553
25 RAMA RANI 2500 0.0553 0.0000 0 0.0000 0.0000 -0.0553
26 SUDHANSHU MUNDRA 2500 0.0553 0.0000 0 0.0000 0.0000 -0.0553
27 VISHWANATH KAPOOR 2500 0.0553 0.0000 0 0.0000 0.0000 -0.0553
28 VINOD KUMAR WADHWA 500 0.0111 0.0000 0 0.0000 0.0000 -0.0111
29 GAGAN INVESTMENT PVTLTD 300 0.0066 0.0000 300 0.0066 0.0000 0.0000
30 GAGAN MAHESHWARY 300 0.0066 0.0000 300 0.0066 0.0000 0.0000
31 GAUTAM CHHABRA 300 0.0066 0.0000 0 0.0000 0.0000 -0.0066
32 KULBHUSHAN MAHESHWARY 300 0.0066 0.0000 0 0.0000 0.0000 -0.0066
33 SUKSHAM CHAWLA 250 0.0055 0.0000 0 0.0000 0.0000 -0.0055
34 PUSHPA MAHESHWARY 200 0.0044 0.0000 0 0.0000 0.0000 -0.0044
35 RIDHIMA MAHESHWARY 150 0.0033 0.0000 0 0.0000 0.0000 -0.0033
Total 14960 33.1098 0.0000 139216 30.8103 0.0000 -2.2995
68 4

 

Gagan Gases Limited ISIN : INE076D01016
MGT-9 IV.(iii) Change in Promoters Shareholding
Sr No Shareholding at the beginning of the year - 2014 Transactions during the year Cumulative Shareholding at the end of the year - 2015
Name & Type of Transaction NO.OF SHARES HELD % OF TOTAL SHARES OF THE COMPANY DATE OF TRANSACTIO N NO. OF SHARE S NO OF SHAR ES HELD % OF TOTAL SHARES OF THE COMPANY
GAGAN INVESTMENT 40575
1 PRIVATE LIMITED 405750 8.9797 0 8.9797
40725
Market Purchase 15 Aug 2014 1500 0 9.0129
40939
Market Purchase 22 Aug 2014 2146 6 9.0604
Market Purchase 31 Dec 2014 2000 411396 9.1047
41139
AT THE END OF THE YEAR 6 9.1047
KUL RATTAN 24353
2 MAHESHWARY 243530 5.3896 0 5.3896
24353
AT THE END OF THE YEAR 0 5.3896
19937
3 RICHA MAHESHWARI 199376 4.4124 6 4.4124
19937
AT THE END OF THE YEAR 6 4.4124
19360
4 REKHA MAHESHWARY 193607 4.2848 7 4.2848
Market Purchase 05 Sep 2014 3500 197107 4.3622
19535
Market Sell 12 Sep 2014 (1750) 7 4.3235
19535
AT THE END OF THE YEAR 7 4.3235
14530
5 GAGAN MAHESHWARY 145305 3.2158 5 3.2158
14530
AT THE END OF THE YEAR 5 3.2158
6 RAJESH VIJ 76975 1.7036 76975 1.7036
AT THE END OF THE YEAR 76975 1.7036
7 RENU VIJ 73000 1.6156 73000 1.6156
AT THE END OF THE YEAR 73000 1.6156
8 ROSHAN LAL CHHABRA 23500 0.5201 23500 0.5201
AT THE END OF THE YEAR 23500 0.5201
9 PARMESHWARY DASS 23400 0.5179 23400 0.5179
AT THE END OF THE YEAR 23400 0.5179
10 ANKIT VIJ 16875 0.3735 16875 0.3735
AT THE END OF THE YEAR 16875 0.3735
11 DEVKI DEVI 14250 0.3154 14250 0.3154
AT THE END OF THE YEAR 14250 0.3154
12 POONAM CHHABRA 11250 0.2490 11250 0.2490
AT THE END OF THE YEAR 11250 0.2490
13 BABITA 10800 0.2390 10800 0.2390
AT THE END OF THE YEAR 10800 0.2390
14 SALONI ARORA 10800 0.2390 10800 0.2390
AT THE END OF THE YEAR 10800 0.2390
15 G A DESA 10000 0.2213 10000 0.2213
AT THE END OF THE YEAR 10000 0.2213
KUL BHUSHAN
16 MAHESHWARY 5350 0.1184 5350 0.1184
AT THE END OF THE YEAR 5350 0.1184
17 RAMESH KUMAR SHARMA 3750 0.0830 3750 0.0830
AT THE END OF THE YEAR 3750 0.0830
18 RAJ CHHABRA 3250 0.0719 3250 0.0719
AT THE END OF THE YEAR 3250 0.0719
19 RISHI CHHABRA 3000 0.0664 3000 0.0664
AT THE END OF THE YEAR 3000 0.0664
20 SUDHANSHU MUNDRA 2500 0.0553 2500 0.0553
AT THE END OF THE YEAR 2500 0.0553
KUL BHUSHAN
21 MAHESHWARY 2500 0.0553 2500 0.0553
AT THE END OF THE YEAR 2500 0.0553
22 RAKESH KUMAR SHARMA 2500 0.0553 2500 0.0553
AT THE END OF THE YEAR 2500 0.0553
23 VISHWANATH KAPOOR 2500 0.0553 2500 0.0553
AT THE END OF THE YEAR 2500 0.0553
24 JAGNANTH KHANNA 2500 0.0553 2500 0.0553
AT THE END OF THE YEAR 2500 0.0553
25 RAJENDRA KAUR 2500 0.0553 2500 0.0553
AT THE END OF THE YEAR 2500 0.0553
26 JOGENDRA SINGH 2500 0.0553 2500 0.0553
AT THE END OF THE YEAR 2500 0.0553
27 RAMA RANI 2500 0.0553 2500 0.0553
Market Purchase 19 Dec 2014 2500 5000 0.1107
Market Sell 31 Dec 2014 (2500) 2500 0.0553
AT THE END OF THE YEAR 2500 0.0553
28 VINOD KUMAR WADHWA 500 0.0111 500 0.0111
AT THE END OF THE YEAR 500 0.0111
29 GAUTAM CHHABRA 300 0.0066 300 0.0066
AT THE END OF THE YEAR 300 0.0066
30 GAGAN MAHESHWARY 300 0.0066 300 0.0066
AT THE END OF THE YEAR 300 0.0066
GAGAN INVESTMENT PVT
31 LTD 300 0.0066 300 0.0066
AT THE END OF THE YEAR 300 0.0066
KULBHUSHAN
32 MAHESHWARY 300 0.0066 300 0.0066
AT THE END OF THE YEAR 300 0.0066
33 SUKSHAM CHAWLA 250 0.0055 250 0.0055
AT THE END OF THE YEAR 250 0.0055
34 PUSHPA MAHESHWARY 200 0.0044 200 0.0044
AT THE END OF THE YEAR 200 0.0044
35 RIDHIMA MAHESHWARY 150 0.0033 150 0.0033
AT THE END OF THE YEAR 150 0.0033

Note:

1. Paid up Share Capital of the Company (Face Value Rs. 10.00) at the end of the yearis 4518500 Shares.

2. The details of holding has been clubbed based on PAN.

3. % of total Shares of the Company is based on the paid up Capital of the Company atthe end of the Year.

SR NO SHAREHOLDER NAME DPID/Folio PAN SHARES BENPOS_DA TE
1 KUL BHUSHAN MAHESHWARY 0000002 5350 31/03/2014
2 KUL BHUSHAN MAHESHWARY 0000002 5350 31/03/2015
3 DEVKI DEVI 0000009 14250 31/03/2014
4 DEVKI DEVI 0000009 14250 31/03/2015
5 POONAM CHHABRA 0000015 11250 31/03/2014
6 POONAM CHHABRA 0000015 11250 31/03/2015
7 PARMESHWARY DASS 0000022 23400 31/03/2014
8 PARMESHWARY DASS 0000022 23400 31/03/2015
9 BABITA 0000023 10800 31/03/2014
10 BABITA 0000023 10800 31/03/2015
11 SALONI ARORA 0000024 10800 31/03/2014
12 SALONI ARORA 0000024 10800 31/03/2015
13 SUKSHAM CHAWLA 0000027 250 31/03/2014
14 SUKSHAM CHAWLA 0000027 250 31/03/2015
15 RIDHIMA MAHESHWARY 0000041 150 31/03/2014
16 RIDHIMA MAHESHWARY 0000041 150 31/03/2015
17 RAMESH KUMAR SHARMA 0000043 3750 31/03/2014
18 RAMESH KUMAR SHARMA 0000043 3750 31/03/2015
19 KUL BHUSHAN MAHESHWARY 0000502 2500 31/03/2014
20 KUL BHUSHAN MAHESHWARY 0000502 2500 31/03/2015
21 VINOD KUMAR WADHWA 0000507 500 31/03/2014
22 VINOD KUMAR WADHWA 0000507 500 31/03/2015
23 RAKESH KUMAR SHARMA 0000524 2500 31/03/2014
24 RAKESH KUMAR SHARMA 0000524 2500 31/03/2015
25 VISHWANATH KAPOOR 0000525 2500 31/03/2014
26 VISHWANATH KAPOOR 0000525 2500 31/03/2015
27 JAGNANTH KHANNA 0000526 2500 31/03/2014
28 JAGNANTH KHANNA 0000526 2500 31/03/2015
29 RAJENDRA KAUR 0000528 2500 31/03/2014
30 RAJENDRA KAUR 0000528 2500 31/03/2015
31 JOGENDRA SINGH 0000529 2500 31/03/2014
32 JOGENDRA SINGH 0000529 2500 31/03/2015
33 G A DESA 0000530 10000 31/03/2014
34 G A DESA 0000530 10000 31/03/2015
35 SUDHANSHU MUNDRA 0000537 2500 31/03/2014
36 SUDHANSHU MUNDRA 0000537 2500 31/03/2015
37 GAUTAM CHHABRA 0001651 300 31/03/2014
38 GAUTAM CHHABRA 0001651 300 31/03/2015
39 GAGAN MAHESHWARY 0003874 300 31/03/2014
40 GAGAN MAHESHWARY 0003874 300 31/03/2015
41 KULBHUSHAN MAHESHWARY 0009206 300 31/03/2014
42 KULBHUSHAN MAHESHWARY 0009206 300 31/03/2015
43 PUSHPA MAHESHWARY 0009297 200 31/03/2014
44 PUSHPA MAHESHWARY 0009297 200 31/03/2015
45 GAGAN INVESTMENT PVT LTD 0014821 300 31/03/2014
46 GAGAN INVESTMENT PVT LTD 0014821 300 31/03/2015
47 GAGAN INVESTMENT PRIVATE LIMITED IN30021411511771 AAACG6276D 405750 31/03/2014
48 GAGAN INVESTMENT PRIVATE LIMITED IN30302859508621 AAACG6276D 411396 31/03/2015
49 RENU VIJ IN30143610658994 AAHPV0237B 73000 31/03/2014
50 RENU VIJ IN30143610658994 AAHPV0237B 73000 31/03/2015
51 RAJESH VIJ IN30143610658986 AAHPV0239R 76975 31/03/2014
52 RAJESH VIJ IN30143610658986 AAHPV0239R 76975 31/03/2015
53 ROSHAN LAL CHHABRA IN30112715006544 AAIPC8589Q 23500 31/03/2014
54 ROSHAN LAL CHHABRA IN30112715006544 AAIPC8589Q 23500 31/03/2015
55 GAGAN MAHESHWARY IN30007910449904 AAQPM7262A 145305 31/03/2014
56 GAGAN MAHESHWARY IN30007910449904 AAQPM7262A 145305 31/03/2015
57 REKHA MAHESHWARY IN30007910241222 AAQPM7263B 193607 31/03/2014
58 REKHA MAHESHWARY IN30302859846841 AAQPM7263B 195357 31/03/2015
59 RISHI CHHABRA 1205230000008431 AARPC6360J 3000 31/03/2014
60 RISHI CHHABRA 1205230000008431 AARPC6360J 3000 31/03/2015
61 RAJ CHHABRA 1205230000007966 ABEPC6221G 3250 31/03/2014
62 RAJ CHHABRA 1205230000007966 ABEPC6221G 3250 31/03/2015
63 KUL RATTAN MAHESHWARY IN30007910301737 ABFPM9388R 243530 31/03/2014
64 KUL RATTAN MAHESHWARY IN30007910301737 ABFPM9388R 243530 31/03/2015
65 ANKIT VIJ IN30154918105437 ABUPV8005D 16875 31/03/2014
66 ANKIT VIJ IN30154918105437 ABUPV8005D 16875 31/03/2015
67 RICHA MAHESHWARI IN30007910322089 AHTPM6222E 199376 31/03/2014
68 RICHA MAHESHWARI IN30007910322089 AHTPM6222E 199376 31/03/2015
69 RAMA RANI IN30023911424767 AITPR9976M 2500 31/03/2014
70 RAMA RANI IN30023911424767 AITPR9976M 2500 31/03/2015

 

Gagan Gases Limited ISIN : INE076D01016
MGT-9 IV. Shareholding Pattern of Top Ten Shareholders
Sr No. Shareholding at the beginning of the year - 2014 Transactions during the year Cumulative Shareholding at the end of the year - 2015
Name & Type of Transaction NO.OF SHARES HELD % OF TOTAL SHARES OF THE COMPANY DATE OF TRANSACTION NO. OF SHARES NO OF SHARES HELD % OF TOTAL SHARES OF THE COMPANY
1 REDHILL IRON & STEEL PRIVATE LIMITED 641775 14.2033 641775 14.2033
AT THE END OF THE YEAR 641775 14.2033
2 MADHU PARWAL 105904 2.3438 105904 2.3438
Market Purhcase 31 Oct 2014 2100 108004 2.3903
AT THE END OF THE YEAR 108004 2.3903
3 RITESH PRAFULBHAI DESAI 0 0.0000 0 0.0000
Market Purhcase 31 Oct 2014 51284 51284 1.1350
AT THE END OF THE YEAR 51284 1.1350
4 NANDGOPAL BIYANI 15991 0.3539 15991 0.3539
Market Purhcase 15 Aug 2014 17756 33747 0.7469
Market Purhcase 10 Oct 2014 3200 36947 0.8177
Market Purhcase 27 Feb 2015 30 36977 0.8183
AT THE END OF THE YEAR 36977 0.8183
5 AMIT GARG 24300 0.5378 24300 0.5378
Market Purhcase 29 Aug 2014 6000 30300 0.6706
Market Purhcase 13 Feb 2015 541 30841 0.6825
AT THE END OF THE YEAR 30841 0.6825
6 N N V FINANCE LIMITED 22297 0.4935 22297 0.4935
AT THE END OF THE YEAR 22297 0.4935
7 ASHVIN DIVECHA 20109 0.4450 20109 0.4450
AT THE END OF THE YEAR 20109 0.4450
8 DHIRAJ DAMJI GALA 19000 0.4205 19000 0.4205
Transfer 16 Jan 2015 (260) 18740 0.4147
AT THE END OF THE YEAR 18740 0.4147
9 BHAVESH DHARAMDAS MEHTA 18440 0.4081 18440 0.4081
AT THE END OF THE YEAR 18440 0.4081
10 BINDU GARG 15525 0.3436 15525 0.3436
Transfer 29 Aug 2014 10 15535 0.3438
AT THE END OF THE YEAR 15535 0.3438

 

V . INDEBTEDNESS
Indebtedness of the company including interest outstanding/ accrued (amount in lacs)

Secured loan

Unsecured loan

Deposits

Total Indebtedness

Indebtedness at the beginning of the financial year
1. Principal amount

--

63.76

63.76

2. Interest due but not paid

--

--

--

--

3. Interest accrued but not due

--

--

--

--

Total of 1+2+3

--

63.76

--

63.76

Changes in indebtedness during the financial year
1. Addition in Principal amount

18.19

18.19

2. Reduction in Principal amount

39.29

39.29

Net change

21.10

--

21.10

Indebtedness at the end of the financial year
1. Principal amount

42.66

42.66

2. Interest due but not paid

--

3. Interest accrued but not due

--

--

--

--

Total of 1+2+3

--

42.66

--

42.66

VI. REMUNERATION OF DIRECTORS AND KEY MANAGERIAL PERSONNEL

1. K.R.Maheshwary Managing Director—Remuneration paid—NIL

2. Gagan Maheshwary Director—Remuneration paid—NIL

To improve the financial health of the company Sh K.R.Maheshwary and Sh GaganMaheshwary have not drawn remuneration during the year 2014-15. Remuneration to otherdirectors None of the directors have been paid fee for attending Board/Committee meetingsor any other benefit. REMUNERATION TO KEY MANAGERIAL PERSONNEL

1. B.S.Rana—CFO was paid Rs 162325 as emoluments and Rs 64800 as value ofperquisities and contribution to PF Rs 10640 during the year 2014-15

VII. PENALITIES/ PUNISHMENT/ COMPOUNDING OF OFFENCES

A …COMPANY ( Penalty / Punishment / Compounding ) ….NIL

B …DIRECTORS ( Penalty / Punishment / Compounding ) ….NIL

C …OTHER OFFICERS IN DEFAULT ( Penalty / Punishment / Compounding ) ….NIL