You are here » Home » Companies » Company Overview » Nutricircle Ltd

Nutricircle Ltd.

BSE: 530219 Sector: Industrials
NSE: N.A. ISIN Code: INE536C01029
BSE LIVE 13:59 | 15 Jun Stock Is Not Traded.
NSE 05:30 | 01 Jan Stock Is Not Traded.
OPEN 71.20
PREVIOUS CLOSE 67.85
VOLUME 114
52-Week high 71.35
52-Week low 12.50
P/E 116.72
Mkt Cap.(Rs cr) 2
Buy Price 0.00
Buy Qty 0.00
Sell Price 71.20
Sell Qty 466.00
OPEN 71.20
CLOSE 67.85
VOLUME 114
52-Week high 71.35
52-Week low 12.50
P/E 116.72
Mkt Cap.(Rs cr) 2
Buy Price 0.00
Buy Qty 0.00
Sell Price 71.20
Sell Qty 466.00

Nutricircle Ltd. (NUTRICIRCLE) - Director Report

Company director report

To

The Members NUTRICIRCLE LIMITED HYDERABAD.

Your Directors are pleased to present the 23rd Annual Report of the Company togetherwith the Audited Financial Statements for the year ended 31st March 2016.

1. FINANCIAL HIGHLIGHTS

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

(Rs.in Lakhs)

Particulars Year ended 31st March 2016 Year ended 31st March 2015
Total Income 2505100

-

Total Expenditure 11267104 2710276
Profit Before Interest and depreciation ( 8754091 ) (2701507 )
Less: Depreciation 6982 7793
Interest - -
Tax 930 976
Net Profit/(Loss) After Tax (8762004) (2710276)

YEARLY REVIEW

During the period under review the turnover of the Company was Rs. 2343100. Thefinancials depict loss for the company. Nutricircle Limited (FormerlyShreeyash IndustriesLimited) has been operating in very difficult markets where every retail brand hassuffered hugely due to rising inflation and perched purchasing power in the hands ofbuyers. For the future growth of the company the company is looking at restructuring thebusiness and enter into diversified business activities through mergers and acquisition ofbusiness entities which are already existing with a business profile that can catapult theCompany to be a diversified conglomerate. Towards this the company has already scouted foralliance with various companies and could successfully get into understanding with somecompanies which are into Health care Cosmetics Agriculture.

STANDALONE FINANCIAL RESULTS:

The Net Sales of our Company increased to Rs.25.05lakhs from Rs. Nil in the previousyear at growth rate of 100%Profit before tax was Rs. 0.01 Lacs as compared to Rs. NilLacs in the previous year. Profit after tax was Rs. Nil as compared to Rs.Nil in theprevious year.

TRANSFER TO RESERVES:

The Company has transferred Rs. Nil Lacs- to the General Reserves of the Company forthe financial year 31st March 2016 as per audited standalone financial statements.

DEPOSITS:

As on 31st March 2016 the Company held no deposit in any form from anyone. There wereno deposits held by the company as on 31st March 2016 which were overdue or unclaimed bythe depositors. For the present the Board of Directors has resolved not to accept anydeposit from public.

SUBSIDIARY COMPANIES

During the year under review the Company had acquired 100% stake in Inner beingNutricare Private Limited operating into various cosmetic and hair care products.

However due to the fact that both companies were in different segments and synergieswere not conducive for both to be associated as Holding & Subsidiary companies thecompany divested its interest in Innner Being Nutricare Private. Limited.

The Company had also considered the proposal to purchase the shares M/s Nutra Arebia(FZC) UAE based company. However after taking into consideration various parameters suchas turnover business prospects Company's business outlook the arrangement wasdiscontinued.

The company has also consider to takeover the management and acquisition of M/s. DeccanHealthcare Private Limited.

MANAGEMENT'S DISCUSSION AND ANALYSIS REPORT:

Management's Discussion and Analysis Report for the year under review as stipulatedunder Regulation 34 (3) read with Schedule Part V of the SEBI (Listing Obligations andDisclosures Requirements) Regulations 2015 with Stock Exchange in India is presented ina separate Annexure -IV forming part of the Annual Report.

CHANGE IN THE NATURE OF BUSINESS IF ANY:

There was no change in the nature of business of the Company or any of its subsidiariesduring the year. REDUCTION OF CAPITAL

During the financial year ended the paid up share capital of the company was reducedfrom Rs. 54356000 to Rs. 2717800 as approved by the Hon'ble High Court Judicature atHyderabad.

Presently the company is waiting for listing approval from BSE pursuant to reduction ofcapital.

MATERIAL CHANGES AND COMMITMENT IF ANY AFFECTING THE FINANCIAL POSITION OF THECOMPANY:

The paid up share capital of the company was reduced from Rs. 54356000 to Rs.2717800.

DIRECTORS AND KEY MANAGERIAL PERSONNEL

The Companies Act 2013 provides for the appointment of independent directors.Sub-section (10) of Section 149 of the Companies Act 2013 read with applicable rulesprovides that independent directors shall hold office for a term up to five consecutiveyears on the board of a company; and shall be eligible for re-appointment on passing aspecial resolution by the shareholders of the Company.

Further according to Sub-section (11) of Section 149 no independent director shall beeligible for appointment for more than two consecutive terms of five years. Sub-section(13) states that the provisions of retirement by rotation as defined in Sub-sections (6)and (7) of Section 152 of the Act shall not apply to such independent directors.

Mr. Bharat Kanugo and Mr. Dennis Shivani were appointed as additional independentdirectors of the company on 13th August 2016 and 30th May 2016 respectively.

Ms. Sarita Reddy who was appointed as an alternate director to Ms. Bhanu Kumari Magantion 13/02/2016 resigned from directorship of the company on 23 rd May 2016.

As per the provisions of section 2(19) and section 203 of the companies act 2013 readwith rule 8 of the companies (appointment and Remuneration of Manergerial Perssonel)Rules2014 the company has to mandatorily required to appoint Chief FinancialOfficer(CFO). The Board on recommendation of Nomination and Remuneration Committeeappointed Mr.Mudigonda Phaneesh as the Chief Financial officer of the company with effectfrom 13 th February 2016.

NUMBER OF MEETINGS OF THE BOARD:

The Board met 8 times during the financial year the details of which are given in theCorporate Governance Report that forms part of this Annual Report. The intervening gapbetween any two meetings was within the period prescribed by the Companies Act 2013.

INDEPENDENT DIRECTORS DECLARATION:

The Company has received necessary declaration from each independent director underSection 149(7) of the Companies Act 2013 that he/she meets the criteria of independencelaid down in Section 149(6) of the Companies Act 2013 and Regulation 25 of SEBI (ListingObligations and Disclosures Requirements) Regulations 2015.

The Independent Directors under section 149(6) of the Companies Act 2013 declaredthat:

1. They are not promoters of the Company or its holding subsidiary or associatecompany;

2. They are not related to promoters or directors in the company its holdingsubsidiary or associate company.

3. The independent Directors have /had no pecuniary relationship with company itsholding subsidiary or associate company or their promoters or directors during thetwo immediately preceding financial years or during the current financial year

4. None of the relatives of the Independent Director has or had pecuniary relationshipor transaction with the company its holding subsidiary or associate company or theirpromoters or directors amounting to two per cent or more of its gross turnover or totalincome or fifty lakh rupees or such higher amount as may be prescribed whichever islower during the two immediately preceding financial years or during the currentfinancial year;

5. Independent Director neither himself nor any of his relatives —

(i) holds or has held the position of a key managerial personnel or is or has beenemployee of the company or its holding subsidiary or associate company in any of thethree financial years immediately preceding the financial year in which he is proposed tobe appointed;

(ii) is or has been an employee or proprietor or a partner in any of the threefinancial years immediately preceding the financial year in which he is proposed to beappointed of—

(A) a firm of auditors or company secretaries in practice or cost auditors of thecompany or its holding subsidiary or associate company; or

(B) any legal or a consulting firm that has or had any transaction with the companyits holding subsidiary or associate company amounting to ten percent or more of the grossturnover of such firm;

(iii) Holds together with his relatives two percent. or more of the total voting powerof the company; or

(iv) is a Chief Executive or Director by whatever name called of any nonprofitorganization that receives twenty-five percent. or more of its receipts from the companyany of its promoters directors or its holding subsidiary or associate company or thatholds two percent or more of the total voting power of the company;

6. Independent Director possesses such qualifications as may be directed by the Board.

7. The Company & the Independent Directors shall abide by the provisions specifiedin Schedule IV of the Companies Act 2013.

BOARD EVALUATION:

SEBI (Listing Obligations and Disclosures Requirements) Regulations 2015 mandates thatthe Board shall monitor and review the Board evaluation framework. The Companies Act 2013states that a formal annual evaluation needs to be made by the Board of its ownperformance and that of its committees and individual directors. The Schedule IV of theCompanies Act 2013 states that the performance evaluation of independent directors shouldbe done by the entire Board of Directors excluding the director being evaluated.

The evaluation of all the directors and the Board as a whole was conducted based on thecriteria and framework adopted by the Board. The Board approved the evaluation results ascollated by the Nomination and Remuneration Committee.

PERFORMANCE OF THE BOARD AND COMMITTEES:

During the year under review the performance of the Board & Committees andIndividual Director(s) based on the below parameters was satisfactory:

(i) All Directors had attended the Board meetings;

(ii) The remunerations paid to Executive Directors are strictly as per the Company andindustry policy.

(iii) The Independent Directors only received sitting fees.

(iv) The Independent Directors contributed significantly in the Board and committeedeliberation and business and operations of the Company and subsidiaries based on theirexperience and knowledge and Independent views.

(v) The Credit Policy Loan Policy and compliances were reviewed periodically;

(vi) Risk Management Policy was implemented at all critical levels and monitored by theInternal Audit team who places report with the Board and Audit committee.

MEETING OF INDEPENDENT DIRECTORS:

Pursuant of the provision of Section 149 (8) of the Companies Act 2013 read withSchedule IV and Regulation 25 of SEBI (Listing Obligations and Disclosures Requirements)Regulations 2015 the Independent Directors of the Company held their meeting on 12thFebruary 2016 reviewed the performance of non- independent directors and the Board as awhole including the Chairperson of the Company views expressed by the executive directorsand non-executive directors at various level and quantified the quality quantity andtimeliness of flow of information between the Company management and the Board andexpressed satisfaction.

POLICY ON DIRECTORS APPOINTMENT AND REMUNERATION:

The current policy is to have an appropriate mix of executive and independent directorsto maintain the independence of the Board and separate its functions of governance andmanagement. As on 31st March 2016 the Board consists of 11 members.

The policy of the Company on directors appointment and remuneration including criteriafor determining qualifications positive attributes independence of a director and othermatters provided under Sub section (3) of Section 178 of the Companies Act 2013 adoptedby the Board and are stated in this Board report. We affirm that the remuneration paid tothe directors is as per the terms laid out in the nomination and remuneration policy ofthe Company.

COMMITTEES OF THE BOARD:

Currently the Board has three Committees: 1) Audit Committee 2) Nomination andRemuneration Committee 3) Stakeholders Relationship Committee/Shares Transfer Committee

A detailed note on the Board and its Committees is provided under the CorporateGovernance Report that forms part of this Annual Report

NOMINATION AND REMUNERATION COMMITTEE AND STAKEHOLDERS RELATIONSHIP COMMITTEE:

Pursuant to the Section 178 of the Companies Act 2013 the Company has set up aNomination and Remuneration and Stakeholders Relationship Committee. A detailed note onthe composition of the Committees is provided in the corporate governance report sectionof this Annual Report.

The Key Features of the Policy of the said committee are as follows:

For Appointment of Independent Director (ID):

a. Any person who is between the age of 25 years and below 75 years eligible to becomeIndependent Director(ID);

b. He has to fulfill the requirements as per section 149 of the Companies Act 2013read with Clause 49 of the Listing Agreement;

c. Adhere to the code of conduct as per Schedule IV to the Companies Act 2013;

d. Strictly adhere to the Insider Trading Regulation of the SEBI and Insider Tradingpolicy of the Company;

e. Independent Director should have adequate knowledge and reasonably able tocontribute to the growth of the Company and stakeholders;

f. Independent Director should be able to devote time for the Board and other meetingsof the company;

g. Entitled for sitting fees and reasonable conveyance to attend the meetings; and

h. Able to review the policy participate in the meeting with all the stakeholders ofthe company at the Annual General Meeting.

CORPORATE SOCIAL RESPONSIBILITY:

As per the Companies Act 2013 all companies having net worth of ‘500 crore ormore' or turnover of Rs. 1000 crore or more or a net profit of Rs. 5 crore or more duringany financial year are required to constitute a appropriate corporate socialresponsibility CSR Committee of the Board of Directors comprising there or more directorsatleast one of whom an independent director and such company shall spend atleast 2 % ofthe average net profits of the Compnay's three immediately preceding financial year

The Company presently does not meet with any of the criteria stated herein above

DIRECTORS' RESPONSIBILITY STATEMENT:

Pursuant to the Section 134(3)(c) and Section 134 (5) of the Companies Act 2013 theBoard of Directors of the Company hereby confirm:

(i) Tthat in the preparation of the accounts for the financial year ended 31stMarch2015 the applicable accounting standards have been followed along with proper explanationrelating to material departures;

(ii) That the Directors have selected such accounting policies and applied themconsistently and made judgments and estimates that were 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 the year under review;

(iii) That the Directors have taken proper and sufficient care for the maintenance ofadequate accounting records in accordance with the provisions of the Companies Act 2013for safeguarding the assets of the Company and for preventing and detecting fraud andother irregularities;

(iv) That the Directors have prepared the accounts for the financial year ended31stMarch 2015 on a ‘going concern' basis.

(v) The internal financial controls are laid and have been followed by the company andthat such controls are adequate and are operating effectively. Such controls meanscontrols and policies and procedures adopted and adhered by the company for orderly andefficient conduct of the business for safeguarding assets prevention and detection offrauds and errors and maintenance of accounting records and timely preparation offinancial statements and review its efficiency.

(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.

RISK MANAGEMENT POLICY:

The company has developed Risk Management Policy mainly covering the following areas ofconcerns

1. Lack of clarity on future Government policies continues to be an area of majorconcern for the industry. The exact impact of this cannot be assessed until the proposedchanges are actually introduced and implemented.

2. In line with the overall growth objective and strengthening of infrastructure basethe Company had

invested in Information Technology (IT)

VIGIL MECHANISM / WHISTLE BLOWER POLICY:

In terms of the provisions of Section 177(9) of the Companies Act 2013 the Companyhas implemented a vigil mechanism named Whistle Blower Policy to deal with instance offraud and mismanagement if any in staying true to our values of Strength Performanceand Passion and in line with our vision of being one of the most respected companies inIndia the Company is committed to the high standards of Corporate Governance andstakeholder responsibility.

A high level Committee has been constituted which looks into the complaints raised. TheCommittee reports to the Audit Committee and the Board. The Whistle Blower Policy ensuresthat strict confidentiality is maintained whilst dealing with concerns and also that nodiscrimination will be meted out to any person for a genuinely raised concern.

INTERNAL CONTROL SYSTEMS AND THEIR ADEQUACY:

The Board has adopted the policies and procedures for ensuring the orderly andefficient conduct of its business including adherence to the Company's policies thesafeguarding of its assets the prevention and detection of frauds and errors theaccuracy and completeness of the accounting records and the timely preparation ofreliable financial disclosures.

The Company has an Internal Control System commensurate with the size scale andcomplexity of its operations. To maintain its objectivity and independence the InternalAudit function reports to the Chairman of the Audit Committee.

The Internal Audit Department monitors and evaluates the efficacy and adequacy ofinternal control system in the Company its compliance with operating systems accountingprocedures and policies at all locations of the Company.

Based on the report of internal audit function process owners undertake correctiveaction in their respective areas and thereby strengthen the controls. Significant auditobservations and recommendations along with corrective actions thereon are presented toBoard.

K.V.AN.R & Associates- Chartered Accountants is the Internal Auditor of theCompany. STATUTORY AUDITORS:

At the Annual General Meeting held on 9th July 2014 M/s. S.K. Bang & Co. CharteredAccountants were appointed as statutory auditors of the Company to hold office till theconclusion of the Annual General Meeting to be held in the calendar year 2017.

In terms of the first proviso to Section 139 of the Companies Act 2013 theappointment of the auditors shall be placed for ratification at every Annual GeneralMeeting. Accordingly the appointment of M/s. S. K. Bang & Co. Chartered Accountantsas statutory auditors of the Company is placed for ratification by the shareholders.

In this regard the Company has received a certificate from the auditors to the effectthat if they are reappointed it would be in accordance with the provisions of Section 141of the Companies Act 2013.

AUDITORS REPORT:

The Auditors have not made any qualification to the financial statement. Their reportson relevant notes on accounts are self-explanatory and do not call for any comments undersection 134 of the companies Act 2013.

SECRETARIAL AUDITORS AND THEIR REPORT:

M/s. Ramesh Chandra Mishra & Associates Company Secretary in Practice wasappointed to conduct the secretarial audit of the Company for the financial year 2014-15as required under Section 204 of the

Companies Act 2013 and Rules thereunder. The Secretarial Audit Report for F.Y. 2015-16is Annexure-I to this Board's Report.

The Board has re-appointed M/s. Ramesh Chandra Mishra & Associates CompanySecretary in Practice as secretarial auditor of the Company for the financial year2016-17.

SIGNIFICANT AND MATERIAL ORDERS PASSED BY THE COURTS/REGULATORS:

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

CONSERVATION OF ENERGY TECHNOLOGY AND FOREIGN EXCHANGE:

The details of conservation of Energy Technology Absorption are not applicable in caseof the company. However the company took adequate steps to conserve the energy and usedthe latest technology. During the year under the review there were no foreign ExchangeEarnings. The foreign Exchange outgo is NIL.

RELATED PARTY TRANSACTIONS/CONTRACTS:

The Company has implemented a Related Party Transactions policy for the purposes ofidentification and monitoring of such transactions. The policy on related partytransactions is uploaded on the Company's website.

All related party transactions are placed before the Audit Committee for approval.Prior omnibus approval of the Audit Committee is obtained on an annual basis which isreviewed and updated on quarterly basis.

PARTICULARS OF LOANS GUARANTEES OR INVESTMENTS:

Loans Guarantees and Investments covered under section 186 of the Companies Act 2013form part of the notes to the financial statements provided in this Annual Report.

HUMAN RESOURCES MANAGEMENT:

We take this opportunity to thank employees at all levels for their dedicated serviceand contribution made towards the growth of the company. The relationship with the workersof the Company's manufacturing units and other staff has continued to be cordial.

To ensure good human resources management at the company we focus on all aspects ofthe employee lifecycle. During their tenure at the Company employees are motivatedthrough various skill-development engagement and volunteering programs.

EXTRACT OF ANNUAL RETURNS:

Pursuant to the Section 134(3) (a) of the Companies Act 2013 the details forming partof the extract of the Annual Return is Form MGT-9 is Annexure-II.

CORPORATE GOVERNANCE:

A Report on Corporate Governance along with a Certificate from M/s. Ramesh ChandraMishra & Associates regarding compliance with the conditions of Corporate Governanceas stipulated under Clause 49 of the Listing Agreement with Stock Exchange read with therelevant provisions of SEBI (Listing Obligations and Disclosures Requirements)Regulations 2015 forms part of this Report and Annexure-III to this Board'sReport.

INSURANCE OF ASSETS:

All the fixed assets finished goods semi-finished goods raw material packingmaterial and goods of the company lying at different locations have been insured againstfire and allied risks.

BANK AND FINANCIAL INSTITUTIONS:

Directors are thankful to their bankers for their continued support to the company. ACKNOWLEDGMENTS:

Your Directors convey their sincere thanks to the Government Banks Shareholders andcustomers for their continued support extended to the company at all times.

The Directors further express their deep appreciation to all employees for commendableteamwork high degree of professionalism and enthusiastic effort displayed by them duringthe year.

Place: Mumbai

For and on behalf of Board of Directors

Dated: 14-11-2016 Sd/- Sd/-
(Hitesh M Patel) (Mudigonda Phaneesh)
Managing Director Director
DIN: 02080625 DIN: 00012114

MGT 9 Annexure-II

Extract of Annual Return as on the Financial Year 31.03.2016

[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:
i. CIN L18100TG1993PLC015901
ii. Registration Date 23-06-1993
iii. Name of the Company Nutricircle Limited
iv. Category / Sub-Category of the Company Limited by shares
v. Address of the Registered office and contact details 5-8-272 276 & 322 Ayesha Residency Public Garden Road Nampally Hyderabad Telangana-500 001 Ph. 040-64528805
vi. Whether listed company Yes
vii. Name Address and Contact details of Registrar and Transfer Agent if any M/s. Bigshares Services Pvt. Ltd.

Karvy 306 3rd Floor Right Wing Amrutha Ville Opp. Yashoda Hospital Raj Bhavan Road Somajiguda Hyderabad-500 082 Ph. 040-23374967 Fax : 040-23370295

II. PRINCIPAL BUSINESS ACTIVITIES OF THE COMPANY:

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

S. No. Name and Description of main products /services NIC Code of the Product / service % to total turnover of the company
1. Nutraceuticals 21003 100%

III. PARTICULARS OF HOLDING SUBSIDIARY AND ASSOCIATE COMPANIES:-

S. No. Name and Address of the Company CIN/GIN Holding/ Subsidiary/ Associate % of Shares Held Applicable Section
1. Inner Being Nutricare Private Limited U24232TG20101TC010203 Subsidiary Company 100% 2(87)

ANNEXURE-I TO DIRECTOR'S REPORT FormAOC-1

Statement containing salient features of the Financial Statement of subsidiarycompanies.

Pursuant to first provisio to section 129(3) of Companies Act 2013 read with Rule 5 ofCompanies (Accounts) Rules 2014 (Rs. In Lakhs)

Sr. No. Name of Subsidiary Company Share Capital Reserve & Surplus Total Assets Total Liabilities Investment other than Investment in subsidiary Turnover
1 Inner Being Nutricare Pvt. Ltd. 1.00 48.58 89.93 89.83 Nil 113.10

 

Sr. No. Profit/ (Loss) before Taxation Provision for Taxation Profit/ (Loss) After Taxation Proposed Dividend % of Shareholding
1 7.46 Nil 7.46 Nil 100

Note :

1) Name of the subsidiaries which are yet to commence business

2) Names of subsidiaries which have been liquidated or sold during theyear. NutraArabia (FZC) UAE

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

No. of Shares held at the end of the year

%Change
No. of Total No. Share Held % of No. of Total No. Share Held % of during
Share of in Demateri- Total Share of in Demateri- Total
holders Shares alised Form Shares holders Shares alised Form Shares the year
A.Promoters
(1) Indian
Individual/HUF 0 0 0 0 0 0 0 0 0
Central Govt 0 0 0 0 0 0 0 0 0
State Govt (s) 0 0 0 0 0 0 0 0 0
Bodies Corp. 0 0 0 0 0 0 0 0 0
Banks / FI 0 0 0 0 0 0 0 0 0
Any Other.... 0 0 0 0 0 0 0 0 0
Sub-total
(A) (1) :- 0 0 0 0 0 0 0 0 0
(2) Foreign
a) NRIs - 0 0 0 0 0 0 0 0 0
Individuals
b) Other - 0 0 0 0 0 0 0 0 0
Individuals
c) BodiesCorp. 0 0 0 0 0 0 0 0 0
d) Banks / FI 0 0 0 0 0 0 0 0 0
e) AnyOther.. 0 0 0 0 0 0 0 0 0
Sub-total
(A) (2):- 0 0 0 0 0 0 0 0 0
Total
shareholding
of Promoter
(A) =
(A)(1)+(A)(2) 0 0 0 0 0 0 0 0 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) 1 82569 82569 1.5 1 4128 4128 1.52 0
e) Venture 0 0 0 0 0 0 0 0 0
Capital Funds
f) Insurance 0 0 0 0 0 0 0 0 0
Companies
g) FI Is 0 0 0 0 0 0 0 0 0
h) Foreign 0 0 0 0 0 0 0 0 0
Venture
Capital Fund
i) Others 0 0 0 0 0 0 0 0 0
(specify)
Sub-total
(B) (1):- 1 82569 82569 1.52 1 4128 4128 1.52 0

 

Category of Shareholders

No. of Shares held at the beginning of the year

No. of Shares held at the end of the year

%Change
No. of Share holders Total No. of Shares Share Held in Demateri- alised Form % of Total Shares No. of Share holders Total No. of Shares Share Held in Demateri- alised Form % of Total Shares during the year
2. Non Institutions
a) Bodies Corp. i) Indian ii) Overseas 37 0 973541 0 3699 0 17.91 0 37 0 37613 0 37613 0 13.84 0 95 0
b) Individuals i) Individual shareholders holding nominal share capital up to Rs. 1 lakh 1125 1028588 860087 18.92 1120 105379 96818 38.77 95
ii) Individual shareholders holding nominal share capital in excess of Rs 1 lakh 61 3275593 3275593 60.25 13 121321 121321 44.64 95
c) Others (specify) 1. Non Resident Indians 8 41500 41500 0.76 8 2075 2075 0.76 0
2.Clearing Members 9 33809 33809 0.62 7 1264 1264 0.47 95
Sub-total(B)(2) 1240 5353031 5180831 98.48 1185 267652 267652 98.48 95
Total Public 267652Sharehoding (B) =(B)(1)+(B)(2) 1241 5435600 5263400 100.00 271780 271780 100.00 95
Total A+B 1241 5435600 5263400 100.00 271780 271780 100.00 95
C. Shares held by Custodian for GDRs&ADRs Grand Total 0 0 0 0 0 0 0 0 0
(A+B+C) 1241 5435600 5263400 100.00 1293 271780 271780 100.00 95

(ii) Shareholding of Promoters

S.No. Shareholders Name

Shareholding at the beginning of the year

Shareholding at the end of the year

No. of Shares % of total Shares of the company % of Shares pledged/ encunberred to total shares No. of Shares % of total Shares of the company % of Shares pledged/ encunberred to total shares % change in share holding during the yr
1. Manoj Lumar 0 0 0 0 0 0 0
Total 0 0 0 0 0 0 0

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

Sl. No. Shareholder's Name

Shareholding at the beginning of the year

Shareholding at the end of the year

No. of shares % of total shares of the company No. of shares % of total shares of the company
At the beginning of the year 0 0 0 0
At the End of the year

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

Sl.

No.

Shareholder's Name

Shareholding at the beginning of the year

Shareholding at the end of the year

No. of shares % of total shares of the

company

No. of shares % of total shares of the

company

1. Sri Kakatiya Shelters Pvt. Ltd. 500000 9.20 14629 5.38
2. Anjanevulu Vaddepalli - -- 10650 3.92
3. Vishnu Maruti Ramane 236400 4.35 10127 3.73
4. Marepally Vasantha 198000 3.64 9900 3.64
5. Bharat Sumermal Kanungo 140990 2.59 7050 2.59
6. Dimple Patel -- -- 6786 2.50
7. Shilpa Bharat Kumar Kanugo 131148 2.41 6557 2.41
8. Sandeep G Modi 123946 2.28 6197 2.28
9. Dushyant Kumar -- -- 5920 2.28
10. Bharat S. Kanungo HUF -- -- 5750 2.12

(v) Shareholding of Directors and Key Managerial Personnel:

Sl.

No.

For Each of the Directors and KMP

Shareholding at the beginning of the year

Cumulative Shareholding at the end of the year

No. of shares % of total shares of the company No. of shares % of total shares of the company
At the beginning of the year - -
Yezdi jal Batliwala 400000 7.36 Nil 0
Sandeep G Modi 123946 2.28 6197 2.28
Bharat S. Kanugo 140990 2.59 7050 2.59
Hitesh M Patel 1548 0.03 77 0.001
At the End of the year 6197 2.28

VI. INDEBTEDNESS

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

Indebtedness at the beginning of the financial year Secured Loans

Excluding

Deposits

Unsecured

Loans

Deposits Total

Indebtedness

i) Principal Amount 0 7730915 0 7730915
ii) Interest due but not paid 0 0 0 0
iii) Interest accrued but not due 0 0 0 0
Total (i+ii+iii) 0 7730915 0 7730915
Change in Indebtedness during the financial yearAddition 0 9250000 0 9250000
Reduction 0 0 0
Net Change 0 9250000 0 9250000
Indebtedness at the end of the financial year

i) Principal Amount

0 16980915 0 16980915
ii) Interest due but not paid 0 0 0 0
iii) Interest accrued but not due 0 0 0 0
Total (i+ii+iii) 16980915 16980915

VII. REMUNERATION OF DIRECTORS AND KEY MANAGERIAL PERSONNEL

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

Sl. Particulars of Remuneration No.

Name of MD/WTD/ Manager

Total

Amount

Rs.

1. Gross salary

(a) Salary as per provisions contained in section 17(1)of the Income-tax Act1961

(b) Value of perquisites u/s17(2) Income-tax Act1961

(c) Profits in lieu of salary under section 17(3) Income tax Act 1961

Nil Nil Nil
2. Stock Option Nil Nil Nil
3. Sweat Equity Nil Nil Nil
4. Commission- as % of profit- Others specify... Nil Nil Nil
5. Others please specify Nil Nil Nil
6. Total (A) Nil Nil Nil
7. Ceiling as per the Act Nil Nil Nil

B. Remuneration to other directors:

Sl. Particulars of Remuneration

Name of Director

Total

No. --- --- --- Amount Rs.
Independent / Non-Executive Directors • Fee for attending board / committee meetings Commission Others please specify Nil Nil Nil Nil
Total (1) Nil Nil Nil Nil
4. Other Non-Executive Directors Fee for attending board / committee meetings Commission Others please specify Nil Nil Nil Nil
Total (2) Nil Nil Nil Nil
Total Managerial Remuneration Total (B)=(1 +2) Nil Nil Nil Nil
Overall Ceiling as per the Act

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

Sl. no. Particulars of Remuneration

Key Managerial Personnel

CEO Company Secretary Ms.Sonal Agarwal CFO Total
1. Gross salary (a) Salary as per provisions contained in section 17(1) of the Income-tax Act 1961 (b) Value of perquisites u/s17(2) Income-tax Act 1961 (c) Profits in lieu of salary under section 17(3) Income-tax Act 1961 Nil Nil Nil Nil
2. Stock Option Nil Nil Nil Nil
3. Sweat Equity Nil Nil Nil Nil
4. Commission- as % of profit- others specify... Nil Nil Nil Nil
5. Others please Specify Nil Nil Nil Nil
6. 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/ COURT] 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