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Rishab Special Yarns Ltd.

BSE: 514177 Sector: Industrials
NSE: N.A. ISIN Code: INE351D01013
BSE 05:30 | 01 Jan Rishab Special Yarns Ltd
NSE 05:30 | 01 Jan Rishab Special Yarns Ltd

Rishab Special Yarns Ltd. (RISHABSPYARNS) - Director Report

Company director report

TO

The Members of

RISHAB SPECIAL YARNS LIMITED JAIPUR

Your Directors have pleasure in presenting their Twenty Eighth Annual Report on thebusiness and operations of the Company and the accounts for the Financial Year ended March312017.

1. Financial summary or highlights/Performance of the Company (Standalone)

FINANCIAL RESULTS

Amount in rupees

2017 2016
Net Sales/ Income From Operations - -
Other Income 245500 223575
Profit/(Loss) before depreciation finance cost exceptional items& taxes. (415851) (391072)
Less: Finance Cost 446 648
Profit/(Loss) before depreciation exceptional items& taxes. (416298) (391720)
Less : Depreciation - -
Profit/(Loss) before exceptional items & taxes (416298) (391720)
Exceptional items : Profit on sale of land & building - -
Profit//Loss) before tax (416298) (391720)
Provision for Taxation - -
Profit/ (Loss) after tax (416298) (391720)
Balance Brought forward from the last year (107204276) (106812556)
Balance Carried to Balance Sheet (107620574) (107204276)

2. Dividend

In view of the current year operational loss and carried forward losses your directorsare unable to declare dividend.

3. Reserv es

In view of the current year loss the Board does not propose to appropriate any amountto carry to any kind of reserves.

4. Brief description of the Company’s working during the year/State ofCompany’s affair: PERFORMANCE :Due to financial constraints manufacturingactivities stand discontinued. During the year under review company has incurred a loss ofRs. 4.16 lakhs from non operating expenses. The management is examining various options togainfully utilize factory assets at Abu Road. There is no division so division wiseworking details are not applicable.

FUTURE PROSPECTS : The company is continuously examining the possibility ofstarting some business to utilize the existing assets gainfully. The proposed activitiesshall be finalized and implemented based on final view of board and availability of funds.As soon as the management is able to finalize any business plans it shall keep the valuedshareholders informed through available mode of communications

5. Change in the nature of business if any: There is no change in the nature ofbusiness of the company during the year.

6. Material changes and commitments if any affecting the financial position of thecompany which have occurred between the end of the financial year of the company to whichthe financial statements relate and the date of the report

There is noMaterial changes and commitments which can affect the financial position ofthe company which have occurred between the end of the financial year of the company towhich the financial statements relates and the date of the report.

7. Details of significant and material orders passed by the regulators or courts ortribunals impacting the going concern status and company’s operations in future:

The Commissioner- (Appeals) Customs Excise and Service Tax have given its judgmentandhas rejected the Appeal filed by the company. So there is no change in the contingentliability as provided in the Annual Report of this year and earlier years. The Company hasfiled an Appeal in CESTAT on 04.09.2015 which was heard on 28.08.2017.

8. Details in respect of adequacy of internal financial controls with reference to theFinancial Statements.

The company has adequate internal financial controls with reference to financialstatement. The company has appointed internal auditor during the year to audit andhighlight the adequacy of internal control and it has given its report satisfactorily.

9. Details of Subsidiary/Joint Ventures/Associate Companies

There is no company which either have become or ceased to be its Subsidiaries jointventures or associate companies during the year. So no statement about subsidiarycompany(ies) is required to be given.

10. Performance and financial position of each of the subsidiaries associates andjoint venture companies included in the consolidated financial statement.

There is no subsidiaries associates and joint venture companies of the company soreport on the performance and financial position of these are not applicable to thecompany.

11. Deposits

The details relating to deposits covered under exempt category of Chapter V of theAct- The company has taken interest-free unsecured loans repayable on demand from fourparties covered in the register maintained under section 189 of the Companies Act 2013.The maximum amount involved during the year was Rs. 19777386/- and the year-end balanceof loans taken from such parties was Rs. 19777386/-.Apart from above the company hasnot accepted any deposits..

(a) accepted during the year Rs. 597601/- paid during the year Rs. 1000000/-

(b) remained unpaid or unclaimed as at the end of the year;Rs. 19777386/-

(c) whether there has been any default in repayment of deposits or payment of interestthereon during the year and if so number of such cases and the total amount involved-There is no default in repayment of interest or deposit during the year.

(i) at the beginning of the year;: NIL

(ii) maximum during the year; ; NIL

(iii) at the end of the year;; NIL

There is no such deposits which are not in compliance with the requirements of ChapterV of the Act;

12. Statutory Auditors

M/s Jain Shrimal& Co. Chartered Accountants Jaipur retire at the ensuing AnnualGeneral Meeting and has completed one term of appointment and being eligible forre-appointment and has shown his interest for 2nd term. Your Directorsrecommend theirre-appointment for a further period of 5 years.

13. Explanation or Comments by the Board on every qualification reservation or adverseremark or disclaimer made in :

i) Auditors’ Report

There is no qualification reservation or adverse remark or disclaimer made by theauditor in his report so the explanations or comments by the Boardis not required.

ii) Secretarial Audit Report: There is no qualification reservation or adverseremark or disclaimer made by the auditor in his report so the explanations or comments bythe Board is not required.

14. Share Capital

A) Issue of equity shares with differential rights

No equity shares issued during the year and all equity shares issued in earliear yearshave equal rights. No equity shares issued with differential rights till date.

B) Issue of sweat equity shares

The Company has not issued any sweat equity shares from inception to till date.

C) Issue of employee stock options

The company has not issued any employee stock options to any of if semployee from itsinception to till date.

D) Provision of money by company for purchase of its own shares by employees or bytrustees tor the benefit of employeesNo provision has been made for purchase ofcompany’s own shares by employees or by trustees for the benefit of employees fromits inception to till date.

15. Extract of the annual return

Pursuant to Section 134(3)(a) of the Companies Act 2013 read with rule 1(1) of theCompanies (Management and Administration) Rules 2014 the extract of annual return isannexed herewith and forming part of the report. (Annexure - VII)

16. Conservation of energy technology absorption and foreign exchange earnings andoutgo

Particulars in respect of conservation of energy technology absorption and foreignexchange earnings and outgo as required under section 134(3)(m)of the Companies Act 2013read with the Companies (Accounts) Rules 2014 are set out in a separate statementattached hereto as Annexure - IV and toiming part of the report.

17. Corporate Social Responsibility (CSR) :

Neither the Company fall under the criteria for which the Corporate SocialResponsibility is applicable nor it has any operations. So the same is not applicable tothe company.

18. Directors:

A) Changes in Directors and Key Managerial Personnel ...

Mr.ShashankHirawat retires by rotation and being eligible offer himself forre-appointment. Mr.ShashankHirawat has joined as Director and Miss Nidhi Jain has joinedas Company Secretary horn

'There is no change in key managerial person during the yearexcept Miss Nidhi Jamjoined as Company Secretary as on 29.07.2016.

B) Declaration of Independence by Independent Director(s) and re-appointment if any

Pursuant to section 149(6) of the Companies Act 2013 Independent Directors of theCompany have made a declaration confirming the compliance of the conditions of theindependence stipulated in tie aforesaid section. Both the independent Director have notcompleted their first term of 5 years. So reappointment is not required.

C) Formal Annual Evaluation

The Board of Directors of the company has initiated and put in place evaluation of it sown performance its committees and individual Directors. The result of the evaluation issatisfactory and adequate and meets the requirement of the company.

19. Number of meetings of the Board of Directors: .

The Board have met 10 times and independent directors once during the year ended 31March 201/.

20. Detail of Committee of Directors: Composition of Audit Committee ofDirectors Nomination and Remuneration Committee of Directors and StakeholdersRelationship/Grievance Committee of Directors number of meetings held of each committeeduring the financial year 2016-17 and meeting attended by each members of the Committee asrequired under the Companies Act 2013 are provided in Corporate Governance Report andforming part of the Report.

The recommendation by the Audit Committee as and when made to Board has been acceptedby it.

21. Details of establishment of vigil mechanism for directors and employees :Yourcompany has put

in place the vigil mechanism. The detailed mechanism is given in Corporate GovernanceReport forming part of this report. _ .

22. Policy on Directors appointment and remuneration including criteria for determiningqualifications positive attributes independence of director and other matters providedunder subsection (3) of section 178: The details is given in Corporate GovernanceReport forming part ot this

report. .

23. Particulars of loans guarantees or investments under section 186: Thereis no loan given

investment made guarantee given or security provided by the Company to any entityunder Section 86

of the Companies Act 2013.

24. Particulars of contracts or arrangements with related parties:There isno transaction with related party which requires disclosure under section 134(3)(h) of theCompanies Act 2013 and Rule8(2) o tie

Companies (Accounts) Rules 2014.

25 Managerial Remuneration:The Ministry of Corporate Affairs {"MCA")has amended the ( ompames (Appointment and Remuneration of ManagerialPersonnel) Rules. 2014 {"Managerial Remuneration Rules 2014") hr m/r ofCompanies (Appointment and Remuneration of Managerial Personnel) Rules. 2016 dated June30. 2016 /"Amended Managerial Remuneration Rules 2016"/. Under theseRules a listed company is required to disclose (a) ratio of remuneration of directorto the employees; (b) percentage increase in the remuneration of directors key managerialpersonnel and employees; (e) average percentile increase already made in the salaries ofemployees and its comparison with the

percentile increase in managerial remuneration and justification thereof etc. underits Board Report. As your Company neither provide any remuneration to any Directornor has any employee on its Roll except Company Secretary to whom salary of Rs. 10000/-payable on monthly basis so the above analysis is not possible because no remuneration isneither paid to Directors nor to any employee except Company Secretary. The salary paid tocompany Secretary is same and there is no change in remuneration also.

26.Secretarial Audit Report A Secretarial Audit Report for the year ended on 3D1March 2017 in prescribed form duly audited by the Practising Company Secretary M/sSunitaGarg&Assciates is annexed herewith as Annexure - V11 land forming part of thereport.

27. Corporate Governance:Your Company re-affirm its commitment to CorporateGovernance and is fully compliant with the conditions of CorporateGovernance provisions asspecified in chapter IV of the Securities and Exchange Board Of India (Listing Obligationand Disclosure Requirements) Regulation 2015. A separate section on compliance with theconditions of Corporate Governance as Annexure-I and a Certificate from the firm ofPractising Chartered Accountant in this regard is annexed as Annexure - II hereto andforms a part of the report.

28. Risk management policy: During the year Management of the Company evaluatedthe existing Risk Management Policy of the Company to make it more focused in identifyingand prioritizing the risks role of various directors in monitoring and mitigation of riskand reporting process. The Risk Management Policy has been reviewed and found adequate tothe requirements of the company.

29. MANAGEMENT DISCUSSION &ANALYSIS :This has been included as a separateAnnexure - III to this Report.

30. Directors’ Responsibility Statement :Pursuant to the requirements ofsection 134( 1)( c) of the Companies Act 2013 and on the basis of explanation andcompliance certificate given by the Directors of the Company and subject to disclosuresin the Annual Accounts and also on the basis of discussions with the Statutory Auditors ofthe company from time to time we state as under :

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

(.b) that 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) that 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) thatthe directors had prepared the annual accounts on a going concern basis;and

(e) thatthe directors in the case of a listed company have laid downinternal financial controls to be followed by the company and that such internal financialcontrols are adequate and were operating effectively.

(/) thatthe directors have devised proper systems to ensure compliance with theprovisions of all applicable laws and that such systems were adequate and operatingeffectively.

31. Depository System :The company's shares can now be traded in electronic form.The company has entered into an agreement with CDSL to act as depository and fordematerialization of shares. CDSL has issued ISIN INE351DO1013 and activated the same ason 25th August 2014. Some of the shareholders have already dematerializedtheshares to electronic form but most of shares till date are in physical form. Theshareholders are requested to convert their physical holding to demat form.

32. Business Responsibility Report :Business Responsibility Report is attached asAnnexure-VI.

33. Employees :None of the employees of the company is in receipt of Remunerationof Rs. 6000000/- or more per annum or Rs. 500000/- or more per month ifemployed for part of the year

34. Acknowledgements :The Board gratefully acknowledges the co-operation andsupport given by the Shareholder Creditors Bank and financial institutions and others.

Registered Office : FOR AND ON BEHALF OF THE BOARD

ANNEXURE- 1

1. CORPORATE GOVERNANCE REPORT :Corporate Governance Report as required bySecurities and Exchange Board of India (Listing Obligations and Disclosure Requirements)Regulations 2015.

Company's Philosophy on Corporate Governance : Company's philosophy in relation toCorporate Governance is to ensure transparency in all it's operations make disclosuresand comply with various laws and regulations. Emphasis therefore is on adding value toit's shareholders investors employees suppliers customers and the community at large.

Declaration for Compliance with Code of Conduct :Pursuant to Regulation 17 (5) ofthe Securities and Exchange Board of India (Listing Obligations and DisclosureRequirements) Regulations 2015 it is hereby declared that all Board Members and seniorManagement team of the Company have affirmed compliance with the company's code of conductfor the financial year ended 31 st March 2017.

CEO Certification :Pursuant to Regulation 17 (8) of the Securities and ExchangeBoard of India (Listing Obligations and Disclosure Requirements) Regulations 2015 theManaging Director has provided to the Board of Director the Compliance Certificateasspecified in the Part B of Schedule II of the Securities and Exchange Board of India(Listing Obligations and Disclosure Requirements) Regulations 2015 on the financialstatements and internal control relating to financial reporting has been obtained and ispart of this report as Annexure - (V).

2. Board of Directors :The Board of Directors consists of 5 directors (One ManagingDirector one Woman Director one non-executive non-independent Director and twoNonExecutive independent Directors. ShriShashankHirawat has joined the board from 29.07.2016.During the year Board Meetings were held on 07th April 2016 30thMay 2016 29™ July 2016 13eenh August 2016 03rdSeptember2016 1st October 2016 12th November 2016 31st December2016 14th February 2017 and 31st March 2017. The Board waspresented with the relevant and necessary information at it's meetings. The attendance ofeach Director at the Board Meeting during the year and at the last Annual General Meetingand Extra Ordinary General Meeting and also the other Companies and Committees where he isa director/member is tabulated below:

Attendance

Particulars

No of other Directorship and Committee Member/Chairmanship

Name of Directors Category Board

Meeting

Last

AGM/

EOGM

Other

Directorship

Committee

Membership

Committee

Chairmanship

Sh. Amitabh Hirawat Managing Director & Promoter 10 Yes 3 1 -
Sh. PradeepLoiwal Non Executive

independent

Director

10 Yes 1 3 1
Sh.Kamal Kishore Kalani Non Executive

Independent

Director

6 Yes 1 3 1
Smt. ArtiHirawat Non Executive Woman Director & Promoter 10 Yes 1 2 -
Sh. ShashankHirawat Non Executive Director & Promoter 8 Yes 2

Meeting of Independent Directors and tneir attendance: niucpcnucm 1. ..

in a year to deal with matters listed out in Regulation 25(4) of the Securities andExchange Board of India (Listing Obligations and Disclosure Requirements) Regulations2015 which inter-aha includes levievv the performance of non-independent directorschairman and the Board as a whole and assess quality an quality of flow of information toperform the duties by the Board of Directors. Both the Independent

Directors have attended the meeting.

Directors Remuneration: Due to losses in the company the company hasnot paid anyremuneration sitting fees or commission to any of the Director whether executive nonexecutive or independent.

3 Audit Committee : The Board of Directors has constituted an audit committeeasprescribed under Llion 177Tf the Companies Act 2013 and Regulation 18 of the Securitiesand Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations2015 of the Dnectors ai empowered the Committee to deal with all such matters which itmay consider appropriate to perform as audit committee including items specified insection 177(4) of ^ Companiw Aet j1013 ( y modified/amended fromtime to time) items specified in Part C of Schedule 11 f20T5'nder the Exchange Board of India (Listing Obligations and Disclosure Requirements)Regulations 2015 under the

head role of audit committee and Review of Information by Audit Co'lini‘JeeD / TJe modified/amended from time to time) and suchmatters as may be assigned by the Boaid of"cto^ committee in additionto other business review un-audited and/or audited financial results for the relevantquarter half year and the year for adoption/approval by the board tro system andprocedures and its adequacy risk management related party transaction audit pro^mnature and scope of audit program appointment and remuneration of Auditors. Thecomposition of the audit committee and details of meeting attended by members thereof areas follows:

Name of Directors Category of Directorship & Designation Qualifications No. of Meeting Attended
Sh. Pradeep Kumar Loiwal Non Executive Member ol the Committeelndependent BE. 4
Sh. Kamal Kishore Kalani Non executive Chairman of the committee Independent B.Com. F.C.A. 4
Smt. ArtiHirawat Non Executive Member of the Committee B.A. 4

During the year under review the audit committee met * nines - and 14 02 2017 It'smeetings were also attended by the Managing Director and the Statutory Auditors.

The Chairman of the aucht committee along with other members attended the last AnnualGeneral

Meeting of the company held on 28hSeptember 2016.

Nomination/Remuueration Committee :The company had constituted a NTcommittee as prescribed under section 178 of the Companies Act 2013 and Regulation 19 ofSecurities and Exchange Board of India (Listing Obligations and Disclosure Requirements)RegulaDo^ 2015 The role of the committee is to perform all such matters as prescnbedunder the C P ’ 2013 and rules framed there under (as may be modified/amended fromtime to time) part D of the Schedule II of the Securities and Exchange Board of India(Listing Obligations and

Disclosure Requirements) Regulations 2015 (as may be modified/amended from time totime).cons.sting of Shri Kamal Kishore KalaniShriPradeep Kumar Loiwaland Smt.ArtiHirawat.

The Company docs not pay any remuneration to either Executive Director. Non-ExecutiveIndependent Directors of the Company. The Company has not tssued stock options to any ofits Duecto . The Company has not paid any remuneration to the Managing Director of thecompany.

During the year 3 meetings of Nomination and Remuneration Committee were held on29.07.2016 03.09.2016 and 31.03.2017.

Stake Holders Grievance Committee :The company had constituted a Stake HoldersGrievance Committee as prescribed under section 178 of the Companies Act 2013 andRegulation 20 of the Securities and Exchange Board of India (Listing Obligations andDisclosure Requirements) Regulations 2015.. Which is comprised of ShriPradeepLoiwal asChairman and other members viz. Smt. ArtiHirawat andShri Amitabh Hirawat (ManagingDirector of the Company). The role of the commi ee is to consider and resolve thegrievances of security holders and perform such roles as may be requited under theCompanies Act 2013 and as specified in part D of the Schedule II of the Securities andExchange Board of India (Listing Obligations and Disclosure Requirements) Regulations 201b. Continuous efforts are made to ensure that grievances are expeditiously redressed tothe satisfaction o investors attend to investor’s complaints pertaining totransfer/transm.ssion of shares non receipt ot dividend share certificates and otherrelated matters. The information asked were provided to le satisfaction of theshareholders and one complaint was pending as on 31.03.2017.

During the year 11 meetings of share transfer committee/investor's grievance he^on

10 05 2016 10.08.2016 29.10.2016 05.11.2016 31.12.2016 07.01.2017123)1.2017023)2.2017 09.02.201702.03.2017 10.03.2017 14.03.2017 and27.03.2017 and1300 shares of7share holders were

transferred.

Compliance Officer : Amitabh Hirawat - Managing Director

General Body Meetings Details of the last three Annual General Meetings are asunderj .

AGM/EOGM Date Time Venue No. of Special Resolution passed
?6'h AGM 28.11.2014 12 Noon 2070 Rasta Bara Gangore Jaipur-302003 4 Nos.
27th AGM 28.09.2015 12 Noon 2070 Rasta Bara Gangore Jaipur-302003 "
28th AGM 28.09.2016 12 Noon 2070. Rasta Bara Gangore Jaipur-302003 3 Nos.

There was no special resolution passed in the financial year 2016-17 by postal ballotas oi aaie

there is no proposal to pass any resolution by postal ballot.

Disclosures : There is no transaction of materially significant nature with relatedparty that may have potential conflict with the interest of the company at large. Transactionswith related parties are disclosed in note on "Related Party Disclosures"annexed to the financial statements for the yeai. Adequate care was taken to ensure thatthe potential conflict of interest did not harm the interests of le

Ther^were noinstances of material non-compliance and no major strictures or penaltiesimposed on the company either by SEBI Stock Exchange or any statutory authorities on anymatter related to capi a maTkets during the" last three years. During 2013-14 anamount of Rs. 100562 - was paid to DSE out of which Rs. 84270/- including service taxwas towards listing tees Rs. 8427/- including sei vice tax towaids reinstatement fees andRs. 7865/- including service tax was towards processing fees ot reinstatement ai capitalconfirmation certificate and Rs. 102358/- was paid to Jaipur Stock Exchange towardssettlement of outstanding listing fees upto the year 2013-14 after waiver of Rs. 25200/-i.e. 20/o on total outstanding listing fees as one time settlement of outstanding duesduring the 2013-14.

WHISTLE BLOWER POLICY& VIGIL MECHANISM:Rishah Special Yarns Limited(RSYL) has formulated a Whistle Blower Policy/Vigil Mechanism. In terms of this policyemployees of RSYL a.e free to raise issues if any on breach of any law statute orregulations by the company and report them to the Audit Committee through specifiedchannels. This mechanism has been communicated to all

AHPthe mandatory requirements of Corporate Governance have been compliedwith and company is also

in process of adoption of non mandatory requirements. f

Mean of Communication: During the year quarterly half yearly and yearly financialresnits of the company were submitted to the stock exchanges soon after the Board Meetingapproved these and we e also published in two newspapers-Money Makers (English)&DainikMahalaxm.Bhagyodaya (Hind) and uploaded on the company’s website at www.rishabspecial.com.

The Management's Discussion and Analysis of Operating Results and Financial Conditionbased on financial statements for the year forms part of the Annual Report for the year.

General Shareholders' Information:

29th Annual General Meeting
Date & Time 29th September 2017 at 12:00 Noon
Venue 2070 Rasta Bara Gangore Jaipur-302 003
Financial Calendar for the year 2017 - 2018
Financial Year 1st April 2017 to 31st March 2018
First Quarter Results Second Week ofSeptember 2017
Second Quarter Results Second Week of November 2017
Third Quarter Results Second Week of February 2018
Yearly results (Audited) Last Week of May 2018
Date of Book Closure 20lh September to 22nd September 2017 (Both days inclusive)

Due to operational loss during the year no dividend is proposed.

List of Stock Exchanges:

The Bombay Stock Exchange Ltd. Mumbai

The Delhi Stock Exchange Ltd. New Delhi (Now Defunct)

Jaipur Stock Exchange Limited Jaipur (Now Defunct)

The company had paid Annual Listing fees of the Bombay Stock Exchange Mumbai upto2016-17 Jaipur Stock Exchange Ltd and Delhi Stock Exchange Ltd. up to 2013-14 becauseafter that both exchange has not raised the invoice and have become defunct.

Scrip ID is : RISHYRN and Scrip Code is : 514177

Market Price Data :The Company’s 200 shares were traded at Bombay StockExchange as on 24.11.2011 at an weighted average rate of Rs. 10.07 per share. There was noother trading of Company’s shares during the year. No trading was done in other StockExchanges during the year. Performance in comparison to other index is not possiblebecause no trading has been done during the year.

Registrar and Transfer Agents :The company has appointed Link Intime India PrivateLimited C-13 PANNALAL SILK MILLS COMPOUND LBS MARG BHANDUP WEST MUMBAI -400078 asRegistrar and Share Transfer Agent from 15.01.2017 before thatSystem Support Services 209Shivai industrial EstateNear Logitech Park 89 AndheriKurla Road Saki Naka Andheri(E) Mumbai was our Registrar and Share Transfer Agents.

Share Transfer System: Share transfers are generally completed within fifteen daysof receiving the valid share transfer document.

Shareholders of Rishab Special Yarns Limited with more than one percent holding at 31stMarch 2017 are as under :

Name of Shareholders No. of Shares % of Total no. of Shares
Amitabh Plirawat 324800 9.12
NathmallHirawat 305360 8.58
ChnadraMohnaKhandelwal 47810 1.34
AmitbahHirawat (Karta) 48000 1.35
ArtiHirawat 54000 1.52
AditiHirawat 40000 1.12
AshwinHirawat 41100 1.15
Shakti Vijay Steel Transforms Pvt. Ltd. 239300 6.72
Trepechy Textile Ltd. 320200 8.99
Trepechy Trading Pvt. Ltd. 90000 2.53

Distribution of Shareholding as at 31st March 2017

Share Holding

No. of Shares

%age of Shares

No. of Share Holders

%age of Share Holders

From To Demat Physical Total Demat Physical Total Demat Physic

nl

Total Demat Physical Total
1 500 3700 1640120 1643820 0.104 46.062 46.166 24 13499 13523 0174 97.989 98.163
501 5000 4600 288010 292610 0.129 8.089 8.218 3 230 233 0.022 1.670 1.692
5001 10000 0 53600 53600 0.000 1.505 1.505 0 7 7 0.000 0.051 0.051
1000

1

&Above 816470 754200 1570670 22.930 21.181 44.111 8 5 13 0.058 0.036 0094
Total 824770 2735930 3560700 23.163 76.837 100.000 35 13741 13776 00.254 99.746 100.000

Physical / Eletronic share holding pattern :23.163% equity shares have beendematrialised as on 31st March 2017 and balance 76.837% shares are in physicalform. The ISIN(s) for the Company allotted by CDSL is INE351 DO 1013. The Company’sinvestors can now avail the depository services with any of the Depository Participantsregistered with CDSL which are spread over the length and breadth of our country.Investors are advised to send their shares for dematerialization through their any of theDepository which is registered with the CDSL.

Note: Promoters have not Pledged any of their shareholding.

Plant Location : E-38 & 39 Ambaji Industrial Area Abu Road

The company had stopped production of Synthetic Yarn at all Units during 2004-05 and isin process of evaluating some viable business.

Address for Correspondence : Rishab Special Yarns Limited 2070 Rasta Bara GangoreJaipur-302003

DECLARATION FOR COMPLIANCE WITH CODE OF CONDUCT To the members of RISHAB SPECIAL YARNSLIMITED

Pursuant to Regulation 26 (3) of the Securities and Exchange Board of India (ListingObligations and Disclosure Requirements) Regulations 2015 1 hereby declare that allBoard Members and senior

management personnel of the Company have affirmed compliance with the Company’sCode of Conduct as applicable to them.

PLACE: JAIPUR Amilabjt Hirawat
DATED: 05/09/2017 Managing Director
Annexure -III : DIN 00349697