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Shiva Cement Ltd.

BSE: 532323 Sector: Industrials
NSE: N.A. ISIN Code: INE555C01029
BSE 00:00 | 24 Jun 29.80 -0.25
(-0.83%)
OPEN

30.05

HIGH

30.70

LOW

29.50

NSE 05:30 | 01 Jan Shiva Cement Ltd
OPEN 30.05
PREVIOUS CLOSE 30.05
VOLUME 166951
52-Week high 33.90
52-Week low 8.85
P/E
Mkt Cap.(Rs cr) 581
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 30.05
CLOSE 30.05
VOLUME 166951
52-Week high 33.90
52-Week low 8.85
P/E
Mkt Cap.(Rs cr) 581
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Shiva Cement Ltd. (SHIVACEMENT) - Director Report

Company director report

Dear Members

We are pleased to present 34th Annual Report for the financial year ended on 31stMarch 2020. The operational performance during the year is as below.

1. Financial / Operational Performance

(Rs.lakh)
Particulars 31.03.2020 31.03.2019
Turnover 3238.67 2937.53
Operating EBIDTA (838.26) (691.78)
Other Income 14.92 34.64
Finance Cost 1453.54 1485.28
Depreciation & Amortization 786.61 762.96
Profit/(Loss) before exceptional Item (3063.50) (2905.38)
Exceptional Items (see details below) - -
Profit (Loss) before Taxation (3063.50) (2905.38)
Tax Expense/benefits (781.12) (779.50)
Profit (Loss) after Taxation (2282.37) (2125.88)

2. Highlights of performance:

Financial year 2019-20 ended with an increase in sales volume of cement by 36% morethan the last year sales with improvement in the production performance with improvedquality of cement.

This year the company has utilized 72% of total installed capacity and produced 95588MT of Cement which is 35% more than the last years cement production. Similarly duringthe year the company has produced 56145 MT clinker which is 41% more than the last yearsclinker production.

During the year the company has borrowed Rs.1620 lakhs and repaid Rs.450.00 lakhs toits holding company JSW Cement Limited. On the total cumulative borrowed fund forRs.14925.98 lakhs the company has incurred interest cost amounting Rs.1386.05 lakhsduring the year. Current year borrowed fund has been utilized for repayment of old duescurrent operational expenditure and capital expenditure to the tune of Rs.577.70 lakhs.

3. Transfer to Reserves

During the financial year under review the Board has not proposed to transfer anyamount to reserves.

4. Dividend

As your Company has incurred a net loss during the year your Directors have notrecommended any dividend for the year.

5. Financial Statement:

The audited Financial Statements of the Company which form a part of this AnnualReport have been prepared in accordance with the provisions of the Companies Act 2013Regulation 33 of the Securities and Exchange Board of India (Listing Obligations andDisclosure Requirements) Regulations 2015 and the Indian Accounting Standards.

6. Holding Subsidiary & Associate Company:

Your Company has neither any subsidiary nor an associate company. The Company has aholding company as on 31st March 2020 namely JSW Cement Limited. The net worth of JSWCement Limited as on 31.03.2020 is Rs.1441.11 crores.

7. Fixed Deposits:

Your Company has neither accepted renewed any deposits within the meaning of Section73(1) of the Companies Act 2013 and the rules made there under during the period underreview.

8. Extract of Annual Return:

The extract of Annual Return as provided under Section 92(3) of the Companies Act 2013and as prescribed in Form MGT-9 of the rules prescribed under chapter VII relating toManagement and Administration under the Companies Act 2013 is made available on theCompany's website and can be accessed from www.shivacement.com and forms a part of thisAnnual Report as Annexure-A.

9. Share Capital:

There was no change in the authorized share capital of the Company during the yearunder review. The issued subscribed and paid up equity share capital of the Company as on31st March 2020 was Rs.3900.00 Lakhs comprising of 1950 Lakh Equity shares of Rs.2/-each.

10. Board Meeting

The Board meets to discuss and decide on Company/business policy and strategy apartfrom other business. A tentative date of the Board and Committee Meetings is circulated tothe Directors in advance to facilitate them to plan their schedule and to ensuremeaningful participation in the meetings. However in case of a special and urgentbusiness need the Board's approval is taken by passing resolutions through circulation aspermitted by law which are notified in next Board meeting.

During the year under review the Board of Directors have met five times on 23.04.201924.07.2019 19.10.2019 27.11.2019 and 14.01.2020. The maximum interval between twomeetings did not exceed 120 days as prescribed under Companies Act 2013 and Regulation 17of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015["SEBI (LODR) Regulations 2015"] and Secretarial Standard SS-1.

11. Directors' Responsibility Statement

Pursuant to the provisions of section 134(5) of the Companies Act 2013 your Directorshereby state and confirm that:

a. in the preparation of the annual accounts the applicable accounting standards hadbeen followed along with proper explanation relating to material departures;

b. 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 profit and loss of the company for that period;

c. the directors have taken proper and sufficient care for the maintenance of adequateaccounting records in accordance with the provisions of the Companies Act 2013 forsafeguarding the assets of the Company and for preventing and detecting fraud and otherirregularities;

d. the directors have prepared the annual accounts on a going concern basis; and

e. the directors have laid down internal financial controls to be followed by theCompany and that such internal financial controls are adequate and were operatingeffectively.

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

12. Declaration of Independence

The Company has received declarations from all the Independent Directors of the Companyconfirming that they meet the criteria of independence as prescribed under the CompaniesAct 2013 and Regulation 16 of the SEBI (LODR) Regulations 2015.

13. Auditors

A. Statutory Auditors:

At the Company's 31st Annual General Meeting (AGM) held on September 21 2017 M/s ShahGupta &Co. Chartered Accountants (Firm Registration No. 109574W) Mumbai wereappointed as the Company's Statutory Auditors for a period of five consecutive years i.e.from the conclusion of the 31st AGM till the conclusion of the 36th AGM subject toratification if required by the members of the Company at every Annual General Meeting.

However the Ministry of Corporate Affairs vide its notification S.O.1833(E) dated 07thMay 2018 notified the amendment in section 139 of the Companies Act 2013 pursuant towhich the appointment of Statutory Auditors is not required to be ratified by the membersevery year during the tenure of Statutory Auditors once approved by the members in theirAnnual General Meeting.

B. Secretarial Auditors

Pursuant to the provisions of Section 204 of the Companies Act 2013 and the Companies(Appointment and Remuneration of Managerial Personnel) Rules 2014 the Company hasappointed M/s. Prakash Sahoo& Associates Practicing Company Secretaries RourkelaOdisha to undertake the Secretarial Audit of the Company. The Report of the SecretarialAudit Report in Form No. MR- 3 is appended as Annexure B.

C. Comments on auditors' report

There are no qualifications reservations or adverse remarks or disclaimers made byM/s. Shah Gupta & Co. Chartered Accountants Statutory Auditors in their AuditReport and by M/s. Prakash Sahoo& Associates Practicing Company Secretaries in theirsecretarial audit report. The Auditors did not report any incident of fraud to the AuditCommittee of the Company in the year under review.

14. Particulars of loans or guarantees given securities provided or investments madeunder Section 186 of the Companies Act 2013:

During the year under review the Company has not given loans or guarantees securitiesprovided or investments made under Section 186 of the Companies Act 2013.

15. Particulars of contracts or arrangements with related parties referred to inSection 188(1) of the Companies Act 2013

All transactions entered with Related Parties for the year under review were on arm'sLength basis and in the ordinary course of business and that the provisions of Section 188of the Companies Act 2013 and the rules made there under are not attracted. However thedisclosure in Form AOC-2 in terms of Section 134 of the Act is appended as Annexure C.

16. Material changes and commitments affecting the financial position of the Company

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

17. Particulars regarding Conservation of Energy Technology Absorption ForeignExchange Earnings and Outgo

A statement containing necessary information as required under the Companies Act 2013is annexed hereto in Annexure-D. There were no foreign exchange transactions during theyear.

18. Company's policy on Directors' KMP & other employees' appointment andremuneration

The Policies of the Company on Directors' KMP & other employees' appointmentincluding criteria for determining qualifications positive attributes independence of aDirector and other matters provided under sub-section (3) of section 178 is appended asAnnexure Eto this Report. The Remuneration Policy is forming part of Corporate GovernanceReport and detailed policy has also been published on the website www.shivacement.com forinvestor's information.

19. Risk Management Policy

The Company has in place a Risk Management Policy to identify assess monitor andmitigate various risks to key business objectives. Major risks identified by thebusinesses and functions are systematically addressed by the Audit Committee. All risksare reviewed in the meetings of the Board of Directors. Risks related to internalcontrols compliances & systems are also reviewed in detail by the Audit Committee.The Risk Management Policy has also been published on website www.shivacement.com forinvestor's information.

20. Corporate Social Responsibility

The Company believes in inclusive growth to facilitate creation of a value based andempowered society through continuous and purposeful engagement with society around. Allthe CSR initiatives are approved by the CSR Committee in line with the CSR Policy. The CSRPolicy formulated is uploaded on the website of the Company at www.shivacement.com.

21. Vigil Mechanism

Pursuant to the provisions of Section 177 (9) of Companies Act 2013 the Board ofDirectors has established a committee to provide adequate safeguard against victimization& to protect interest of the directors and employees to report their genuine concerns.The Company has uploaded the code of conduct in relation to the employees & directorson its website (www.shivacement.com).

22. Evaluation of Board Committees and Board Members pursuant to provisions of theCompanies Act 2013

Good Governance requires Boards to have effective processes to evaluate theirperformance. The evaluation process is a constructive mechanism for improvingeffectiveness of Board maximizing strengths and tackling weaknesses which leads to animmediate improvement in performance throughout the organization.

23. Evaluation by Independent Director

In terms of the Code for Independent Directors (Schedule IV) the IndependentDirector(s) on the Board of the Company shall evaluate performance of the Non-IndependentDirector(s) Board as a whole and review performance of Chairperson. Broad parameters forreviewing performance are based on the structured questionnaires related to composition ofBoard Function of Board Meeting attended by Board Members conflict of interestparticipation in discussion time contribution Governance and ethical problem etc.

24. Evaluation by Nomination and Remuneration (NRC) Committee

Nomination and Remuneration committee constituted under section 178 of the CompaniesAct 2013 has been made responsible for carrying out evaluation of every Director'sperformance. The evaluation of individual Director focuses on contribution to the work ofBoard.

25. Evaluation by Board

The purpose of Board Evaluation is to achieve persistent and consistent improvement inthe governance of the Company at Board level with an intention to establish and followbest practices in Board Governance in order to fulfill fiduciary obligation to the

Company. The Board believes the evaluation will lead to a working relationship amongBoard members greater efficiency using the Board's time and increased effectiveness ofthe Board as governing body. A structured questionnaire was prepared covering all aspectsof the Board's and Committee's function for the evaluation of the Board and Committees.The evaluation of the Independent Directors was based on the range of the criteria likeindependent judgment strategy performance and risk management; skill knowledge andFamiliarity about the Company professional advice attendance in Board and Committeemeeting etc.

26. Significant and material orders passed by the Regulators or Courts or Tribunalsimpacting the going concern status and Company's operations in future.

There are no significant and material orders passed by the Regulators or Courts orTribunals which would impact the going concern status and the Company's future operations.

27. Adequacy of Internal Financial Controls:

The Board of Directors in consultation with Internal Auditors have laid down theInternal Financial Controls Framework commensurate with the size scale and complexity ofits operations. The Internal Audit Team quarterly monitors and evaluates the efficacy andadequacy of internal control system in the Company its compliance with operating systemsaccounting procedures and policies. Based on the report of internal audit functionprocess owners undertake corrective action in their respective areas and therebystrengthen the controls. Audit observations and corrective actions thereon are presentedto the Audit Committee of the Board.

28. Directors and Key Managerial Personnel:

Mr. Narinder Singh Kahlon (DIN- 03578016) Non-Executive Director of your Company shallretire by rotation at the ensuing Annual General Meeting and being eligible has offeredhimself for re-appointment at the ensuing Annual General Meeting of the Company.

During the year under review Mr. Sanjay Sharma (DIN: 02692742) and Ms. SudeshnaBanerjee (DIN: 01920464) were appointed as Independent Directors of the Company witheffect from 23rd April 2019. Further the term of two independent directors of the Companynamely Mr. Bimal Kumar Mangraj and Mahendra Singh was expiring on 31st March 2020. HenceMr. Bimal Kumar Mangaraj and Mr. Mahendra Singh were by the Board for another term of 3years and 2 years respectively.

There were no changes in other directors and Key Managerial Personnel during the year.

29. Corporate Governance

Your Company has complied with the requirements of Regulation 17 to 27 of the SEBI(LODR) Regulations 2015 on Corporate Governance. Pursuant to Schedule V of the SEBI(LODR) Regulations 2015 Report on Corporate Governance along with the Auditors'Certificate on its compliance is annexed separately to this Annual Report

30. Management Discussion and Analysis Report

The Management Discussion and Analysis Report on the operations of the Company for theyear under review as required under Schedule V of the the SEBI (Listing Obligation andDisclosure Requirements) Regulations 2015 is provided in a separate section and formspart of this Annual Report.

31. Human Resources

The Company is maintaining cordial and healthy relations with its employees. Employeesat all levels are extending their full support. The Company has strong faith in potentialof human resources. It believes in the creative abilities of the people; those work forthe Company. It believes in the participatory management.

32. E-Voting Platform

In compliance with provisions of Section 108 of the Companies Act 2013 read with theCompanies (Management and Administration) Rules 2014 your Company is registered withNSDL for E-Voting services to set up an electronic platform to facilitate shareholders tocast vote in electronic form to exercise their right of voting at General Meetings /business to be transacted by means of voting through e-voting or ballot paper as providedunder the Companies Act 2013.

33. Particulars of Employees

The provisions of Section 197(12) of the Act read with Rules 5(2) and 5(3) of theCompanies (Appointment and Remuneration of Managerial Personnel) Rules 2014 are notapplicable as none of the employees were in receipt of remuneration exceeding the limitsspecified therein.

34. Awards & Recommendations

The Company was awarded with First Prize in "Annual Mines Safety WeekCelebration-2019".

35. Business Responsibility Report

As stipulated under the Listing Agreement the Business Responsibility reportdescribing the initiatives taken by the Company from environmental social and governanceperspective has been described in this Annual Report.

36. Environmental & Social Obligation

Environment Clearance for Cement Plant: The existing Environment Clearance for plantcapacity to produce 0.825 million MT Clinker and 1.05 million MT Cement was valid up to23rd May 2018. The Ministry of Environment and Forest (MoEF) & Climate Change (CC)vide their letter dated 15th June 2018 has extended validity of the EC for a period of 3years i.e. upto 22nd May 2021.

Consent to Establish to produce 0.825 million MT Clinker and 1.05 million MT Cement hasbeen granted by Odisha State Pollution Control Board (OSPCB) on 8th March 2018 and isvalid up to 7th March 2023.

NOC for Groundwater withdrawal: Central Ground Water Authority (CGWA) has approved ourapplication for 688 M3/day of groundwater for cement plant and No Objection Certificate(NOC) No. CGWA/NOC/IND/ORIG/2018/3874 for ground water abstraction to M/s SHIVA CEMENTLIMITED has been granted. The NOC start date is 20th July 2018 and is valid up to 19thJuly 2020.

37. Disclosure under section 54(1)(d) of the Companies Act 2013:

The Company has not issued sweat equity shares during the year under review and henceno information as pursuant to section 54(1)(d) of the Companies Act 2013 read with Rule8(13) of the Companies (Share Capital and Debentures) Rules 2014 is furnished.

38. Disclosure under section 67(3) of the Companies Act 2013

The Company has not passed any special resolution pursuant to Section 67(3) of theCompanies Act 2013 hence no disclosure is required to be made.

39. Disclosure under the Sexual Harassment of Women at Workplace (PreventionProhibition and Redressal) Act 2013:

The Company has a policy on Prevention of Sexual Harassment at workplace. The policyhas been framed as per "The Sexual Harassment of Women at Workplace (PreventionProhibition and Redressal) Act 2013" and an internal Committee has been constitutedfor redressal of the complaints.

40. Acknowledgements

Your directors place on record their sincere appreciation to the governmentauthorities Bankers NBFCs consultants shareholders employees suppliers &contractors of the Company for the co-operation and support extended to the Company.

41. Cautionary Statement

Statements in the directors' report and the management discussion & analysisdescribing company's objectives expectations or predictions may be forward-lookingstatement within the meaning of applicable laws and regulations. Although we believe ourexpectation is based on reasonable assumption actual results may differ materially fromthose expressed in the statement. Important factors that could influence the company'soperations include: global and domestic demand and supply conditions affecting sellingprices new capacity additions availability of critical materials and their cost changesin government policies and tax laws economic development of the country and such otherfactors which are material to the business operations of the company.

For and on behalf of the Board of
Shiva Cement Limited
Sd/- Sd/-
Manoj Kumar Rustagi Rajendra Prasad Gupta
Date : 12.05.2020 Whole-Time Director Director
Place : Rourkela-769004 DIN : 07742914 DIN : 01325989

Form No. MGT-9

EXTRACT OF ANNUAL RETURN

as on the financial year ended on 2019-20

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

1. REGISTRATION AND OTHER DETAILS :

CIN L26942OR1985PLC001557
Registration Date 12/08/1985
Name of the Company Shiva Cement Limited
Category / Sub-Category of the Company Public Company limited by shares
Address of the Registered office and contact details YY-5 Civil Township Roukela-7690004 Tele Phone: 0661-2400828 2400168
Whether listed Company (YES/NO) Yes
Name Address and Contact details of Registrar and Transfer Agent if any NICHE TECHNOLOGIES PRIVATE LIMITED CIN : U74140WB1994PTC062636 3A Auckland Place 7th Floor Room No. 7A & 7B Kolkata-700017 Ph. No. 033 2234-3576 2235-7270/7271 Fax : 03322156823 Email : nichetechpl@nichtechpl.com Website : www.nichetechpl.com

2. PRINCIPAL BUSINESS ACTIVITIES OF THE COMPANY:

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

Name and Description of main products / services % to total turnover of the company
1. CEMENT 100
2. OTHERS GOODS -

3. PARTICULARS OF HOLDING SUBSIDIARY AND ASSOCIATE COMPANIES -

Name and Address of the Company CIN/GIN Holding/Subsidiary/ Associate of the Company % of shares held Applicable Section
1. JSW Cement Limited U26957MH2006PLC160839 Holding Company 54.44 Section 2(46)

4. 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 during the year
Demat Physical Total % of Total Shares Demat Physical Total % of Total Shares
A. PROMOTERS
(1) Indian
a) Individual / HUF
b) Centran Government
c) State Government
d) Bodies Corporate 106166750 0 106166750 54.444 106166750 0 106166750 54.444 0.000
e) Banks / Financial Institutions
f) Any Other
Sub-total (A)(1) 106166750 0 106166750 54.444 106166750 0 106166750 54.444 0.000
(2) Foreign
a) NRIs - Individuals
b) Other - Individuals
c) Bodies Corporate
d) Banks / Financial
Institutions
e) Any Other
Sub-total (A)(2) 0 0 0 0.000 0 0 0 0.000 0.000
Total Shareholding of Promoter (A) = (A)(1)+(A)(2) 106166750 0 106166750 54.444 106166750 0 106166750 54.444 0.000
B. PUBLIC SHAREHOLDING
(1) Institutions
a) Mutual Funds
b) Banks / Financial Institutions 0 206083 206083 0.106 1451 206083 207534 0.106 0.000
c) Central Governments
d) State Governments
e) Venture Capital Funds
f) Insurance Companies
g) Foreign Institutional Investors (FII)
h) Foreign Venture Capital Funds
i) Others (Specify)
Sub-total (B)(1) 0 206083 206083 0.106 1451 206083 207534 0.106 0.000
(2) Non-Institutions
a) Bodies Corporate
i) Indian 17599556 40364 17639920 9.046 16474147 40364 16514511 8.469 -0.577
ii) Overseas
b) Individuals
i) Individual shareholders holding nominal share capital upto Rs 1 lakh 49705714 547794 50253508 25.771 49431533 544535 49976068 25.629 -0.142
ii) Individual shareholders holding nominal share capital in excess of Rs 1 lakh 15718967 68439 15787406 8.096 19522481 68439 19590920 10.047 1.951
c) Others Specify
1. NRI 1532924 0 1532924 0.786 1515835 0 1515835 0.777 -0.009
2. Overseas Corporate Bodies
3. Foreign Nationals
4. Clearing Members 3411691 0 3411691 1.750 1026664 0 1026664 0.526 -1.224
5. Trusts 1100 618 1718 0.001 1100 618 1718 0.001 0.000
6. Foreign Bodies-D.R.
Sub-total (B)(2) 87969952 657215 88627167 45.450 87971760 653956 88625716 45.449 -0.001
Total Public Shareholding (B) = (B)(1)+(B)(2) 87969952 863298 88833250 45.556 87973211 860039 88833250 45.556 0.000
C. Shares held by Custodian for GDRs & ADRs
GRAND TOTAL (A+B+C) 194136702 863298 195000000 100.000 194139961 860039 195000000 100.000 0.000

ii) Shareholding of Promoters

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 % of Shares Pledged/ encumbered to total shares No. of Shares % of total shares of the company % of Shares Pledged/ encumbered to total shares % of change in shareholding during the year
1 JSW CEMENT LIMITED 104366750 53.521 10.061 106166750 54.444 0.000 0.923
2 REYNOLD TRADERS PRIVATE LIMITED 1800000 0.923 0.000 -0.923
T O T A L 106166750 54.444 9.890 106166750 54.444 0.000 0.000

*Reynold Traders Pvt. Ltd. Transferred/sold 1800000 equity shares to JSW Cement Limitedin an off-market transaction pursuant to share purchase agreement dated 30.03.2019however the aforesaid shares were effectively credited in JSW Cement Ltd.'s demat accounton 01.04.2019.

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

Sl No. Name Shareholding at the beginning of the year Cumulative Shareholding during the year
No. of shares % of total shares of the company No. of shares % of total shares of the company
1 JSW CEMENT LIMITED
a) At the Begining of the Year 104366750 53.521
b) Changes during the year
Date Reason 05/04/2019 Transfer 1800000 0.923 106166750 54.444
c) At the End of the Year 106166750 54.444
2 REYNOLD TRADERS PRIVATE LIMITED
a) At the Begining of the Year 1800000 0.923
b) Changes during the year
Date Reason 05/04/2019 Transfer -1800000 0.923 0 0.000
c) At the End of the Year 0 0.000
T O T A L 106166750 54.444 106166750 54.444

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

For Each of the Top 10 Shareholders Shareholding at the beginning of the year Cumulative Shareholding during the year
No. of shares % of total shares of the company No. of shares % of total shares of the company
1 ANUBHA INVESTMENTS PVT. LTD.
a) At the Begining of the Year 0 0.000
b) Changes during the year
Date Reason
30/09/2019 Transfer 1560000 0.800 1560000 0.800
11/10/2019 Transfer -24334 0.012 1535666 0.788
25/10/2019 Transfer 649030 0.333 2184696 1.120
01/11/2019 Transfer -118030 0.061 2066666 1.060
08/11/2019 Transfer 111044 0.057 2177710 1.117
15/11/2019 Transfer -29164 0.015 2148546 1.102
22/11/2019 Transfer 149162 0.076 2297708 1.178
29/11/2019 Transfer 149935 0.077 2447643 1.255
06/12/2019 Transfer 65063 0.033 2512706 1.289
13/12/2019 Transfer 10196 0.005 2522902 1.294
20/12/2019 Transfer 53752 0.028 2576654 1.321
31/12/2019 Transfer 80824 0.041 2657478 1.363
03/01/2020 Transfer -39845 0.020 2617633 1.342
10/01/2020 Transfer 53446 0.027 2671079 1.370
17/01/2020 Transfer 13741 0.007 2684820 1.377
24/01/2020 Transfer 52567 0.027 2737387 1.404
31/01/2020 Transfer -111223 0.057 2626164 1.347
07/02/2020 Transfer 123100 0.063 2749264 1.410
14/02/2020 Transfer 100155 0.051 2849419 1.461
21/02/2020 Transfer 44845 0.023 2894264 1.484
06/03/2020 Transfer 30000 0.015 2924264 1.500
c) At the End of the Year 2924264 1.500
2 ARUN GUPTA
a) At the Begining of the Year 0 0.000
b) Changes during the year
Date Reason
09/08/2019 Transfer 20000 0.010 20000 0.010
20/09/2019 Transfer 10000 0.005 30000 0.015
27/09/2019 Transfer 10000 0.005 40000 0.021
18/10/2019 Transfer 2754 0.001 42754 0.022
25/10/2019 Transfer 10246 0.005 53000 0.027
01/11/2019 Transfer 6000 0.003 59000 0.030
08/11/2019 Transfer 20000 0.010 79000 0.041
15/11/2019 Transfer 5000 0.003 84000 0.043
22/11/2019 Transfer 10000 0.005 94000 0.048
27/12/2019 Transfer -4000 0.002 90000 0.046
03/01/2020 Transfer 30000 0.015 120000 0.062
10/01/2020 Transfer -70000 0.036 50000 0.026
17/01/2020 Transfer 30000 0.015 80000 0.041
24/01/2020 Transfer 159977 0.082 239977 0.123
31/01/2020 Transfer 114023 0.058 354000 0.182
07/02/2020 Transfer 156000 0.080 510000 0.262
14/02/2020 Transfer 50000 0.026 560000 0.287
21/02/2020 Transfer 30000 0.015 590000 0.303
28/02/2020 Transfer 50000 0.026 640000 0.328
06/03/2020 Transfer 50000 0.026 690000 0.354
13/03/2020 Transfer 10000 0.005 700000 0.359
20/03/2020 Transfer 10000 0.005 710000 0.364
c) At the End of the Year 710000 0.364
3 ASHA MUKUL AGRAWAL
a) At the Begining of the Year 511100 0.262
b) Changes during the year
Date Reason
25/10/2019 Transfer -175859 0.090 335241 0.172
01/11/2019 Transfer -74069 0.038 261172 0.134
08/11/2019 Transfer -261172 0.134 0 0.000
c) At the End of the Year 0 0.000
4 BAJRANG ENGINEERS
PRIVATE LIMITED
a) At the Begining of the Year 476295 0.244
b) Changes during the year
Date Reason
12/04/2019 Transfer 400000 0.205 876295 0.449
23/08/2019 Transfer -20000 0.010 856295 0.439
c) At the End of the Year 856295 0.439
5 CELSIA PHILOMENA BOCARRO
a) At the Begining of the Year 534898 0.274
b) Changes during the year [NO CHANGES DURING THE YEAR]
c) At the End of the Year 534898 0.274
6 GAURANG AGARWAL
a) At the Begining of the Year 0 0.000
b) Changes during the year
Date Reason
10/01/2020 Transfer 500000 0.256 500000 0.256
c) At the End of the Year 500000 0.256
7 GLOBE CAPITAL MARKET LIMITED
a) At the Begining of the Year 692885 0.355
b) Changes during the year
Date Reason
16/08/2019 Transfer -2000 0.001 690885 0.354
20/09/2019 Transfer 10000 0.005 700885 0.359
18/10/2019 Transfer -690885 0.354 10000 0.005
08/11/2019 Transfer 500 0.000 10500 0.005
29/11/2019 Transfer -500 0.000 10000 0.005
24/01/2020 Transfer 1400 0.001 11400 0.006
c) At the End of the Year 11400 0.006
8 GRD SECURITIES LIMITED
a) At the Begining of the Year 597713 0.307
b) Changes during the year
Date Reason
05/04/2019 Transfer -155000 0.079 442713 0.227
12/04/2019 Transfer -400000 0.205 42713 0.022
10/05/2019 Transfer 7500 0.004 50213 0.026
17/05/2019 Transfer 7500 0.004 57713 0.030
24/05/2019 Transfer 100000 0.051 157713 0.081
31/05/2019 Transfer -35000 0.018 122713 0.063
14/06/2019 Transfer -50000 0.026 72713 0.037
28/06/2019 Transfer 20500 0.011 93213 0.048
05/07/2019 Transfer -55000 0.028 38213 0.020
09/08/2019 Transfer -38213 0.020 0 0.000
c) At the End of the Year 0 0.000
9 HARSH VANIJYA PRIVATE LIMITED
a) At the Begining of the Year 7688000 3.943
b) Changes during the year
Date Reason
26/04/2019 Transfer -25000 0.013 7663000 3.930
24/05/2019 Transfer -126500 0.065 7536500 3.865
14/06/2019 Transfer 30000 0.015 7566500 3.880
02/08/2019 Transfer -163700 0.084 7402800 3.796
23/08/2019 Transfer -38200 0.020 7364600 3.777
13/09/2019 Transfer -71000 0.036 7293600 3.740
27/09/2019 Transfer -90000 0.046 7203600 3.694
30/09/2019 Transfer -60000 0.031 7143600 3.663
04/10/2019 Transfer -174408 0.089 6969192 3.574
11/10/2019 Transfer -210000 0.108 6759192 3.466
18/10/2019 Transfer -95000 0.049 6664192 3.418
25/10/2019 Transfer -195000 0.100 6469192 3.318
01/11/2019 Transfer -60000 0.031 6409192 3.287
08/11/2019 Transfer -350000 0.179 6059192 3.107
22/11/2019 Transfer -140000 0.072 5919192 3.035
06/12/2019 Transfer -60000 0.031 5859192 3.005
13/12/2019 Transfer -32000 0.016 5827192 2.988
20/12/2019 Transfer -8500 0.004 5818692 2.984
27/12/2019 Transfer 67390 0.035 5886082 3.019
31/12/2019 Transfer -101390 0.052 5784692 2.967
10/01/2020 Transfer -98000 0.050 5686692 2.916
17/01/2020 Transfer 32500 0.017 5719192 2.933
24/01/2020 Transfer -185000 0.095 5534192 2.838
31/01/2020 Transfer 142000 0.073 5676192 2.911
07/02/2020 Transfer -195000 0.100 5481192 2.811
14/02/2020 Transfer 35000 0.018 5516192 2.829
21/02/2020 Transfer 11000 0.006 5527192 2.834
c) At the End of the Year 5527192 2.834
10 KARVY STOCK BROKING LIMITED-DS NAGAR
a) At the Begining of the Year 569650 0.292
b) Changes during the year
Date Reason
10/05/2019 Transfer 21810 0.011 591460 0.303
17/05/2019 Transfer 1 0.000 591461 0.303
07/06/2019 Transfer -19500 0.010 571961 0.293
28/06/2019 Transfer -2311 0.001 569650 0.292
19/07/2019 Transfer 160 0.000 569810 0.292
02/08/2019 Transfer -8000 0.004 561810 0.288
16/08/2019 Transfer -1650 0.001 560160 0.287
23/08/2019 Transfer -7000 0.004 553160 0.284
30/08/2019 Transfer -1600 0.001 551560 0.283
13/09/2019 Transfer 4475 0.002 556035 0.285
20/09/2019 Transfer -1000 0.001 555035 0.285
30/09/2019 Transfer -3330 0.002 551705 0.283
11/10/2019 Transfer -85000 0.044 466705 0.239
18/10/2019 Transfer -180000 0.092 286705 0.147
08/11/2019 Transfer 8935 0.005 295640 0.152
15/11/2019 Transfer -8800 0.005 286840 0.147
22/11/2019 Transfer -10591 0.005 276249 0.142
13/12/2019 Transfer -46071 0.024 230178 0.118
27/12/2019 Transfer -2700 0.001 227478 0.117
31/12/2019 Transfer -3468 0.002 224010 0.115
03/01/2020 Transfer -1200 0.001 222810 0.114
10/01/2020 Transfer -180628 0.093 42182 0.022
17/01/2020 Transfer -5330 0.003 36852 0.019
14/02/2020 Transfer -2 0.000 36850 0.019
21/02/2020 Transfer -1 0.000 36849 0.019
c) At the End of the Year 36849 0.019
11 MANGALA SUBHASH RATHOD
a) At the Begining of the Year 2381109 1.221
b) Changes during the year
Date Reason
05/04/2019 Transfer -3631 0.002 2377478 1.219
19/04/2019 Transfer -34286 0.018 2343192 1.202
26/04/2019 Transfer -83772 0.043 2259420 1.159
03/05/2019 Transfer -33717 0.017 2225703 1.141
10/05/2019 Transfer -38995 0.020 2186708 1.121
17/05/2019 Transfer -23834 0.012 2162874 1.109
24/05/2019 Transfer -73199 0.038 2089675 1.072
25/10/2019 Transfer 25000 0.013 2114675 1.084
22/11/2019 Transfer -53649 0.028 2061026 1.057
29/11/2019 Transfer -79600 0.041 1981426 1.016
06/12/2019 Transfer -183 0.000 1981243 1.016
13/12/2019 Transfer -25701 0.013 1955542 1.003
20/12/2019 Transfer -43624 0.022 1911918 0.980
27/12/2019 Transfer -16894 0.009 1895024 0.972
31/12/2019 Transfer -41500 0.021 1853524 0.951
03/01/2020 Transfer -20000 0.010 1833524 0.940
10/01/2020 Transfer -9010 0.005 1824514 0.936
17/01/2020 Transfer -8000 0.004 1816514 0.932
31/01/2020 Transfer -11000 0.006 1805514 0.926
21/02/2020 Transfer -5105 0.003 1800409 0.923
c) At the End of the Year 1800409 0.923
12 MOTILAL OSWAL FINVEST LIMITED
a) At the Begining of the Year 658132 0.338
b) Changes during the year
Date Reason
19/07/2019 Transfer 5385 0.003 663517 0.340
26/07/2019 Transfer 216419 0.111 879936 0.451
02/08/2019 Transfer 108928 0.056 988864 0.507
09/08/2019 Transfer -54000 0.028 934864 0.479
16/08/2019 Transfer -119524 0.061 815340 0.418
23/08/2019 Transfer -97013 0.050 718327 0.368
30/08/2019 Transfer -55100 0.028 663227 0.340
06/09/2019 Transfer -12371 0.006 650856 0.334
18/10/2019 Transfer -15385 0.008 635471 0.326
25/10/2019 Transfer -13350 0.007 622121 0.319
08/11/2019 Transfer -60000 0.031 562121 0.288
15/11/2019 Transfer -562121 0.288 0 0.000
c) At the End of the Year 0 0.000
13 SAAJAN S RATHOD
a) At the Begining of the Year 0 0.000
b) Changes during the year
Date Reason
18/10/2019 Transfer 729140 0.374 729140 0.374
10/01/2020 Transfer 34370 0.018 763510 0.392
14/02/2020 Transfer -5510 0.003 758000 0.389
28/02/2020 Transfer -3000 0.002 755000 0.387
13/03/2020 Transfer -10000 0.005 745000 0.382
c) At the End of the Year 745000 0.382
14 SAHI TRADING PRIVATE LIMITED
a) At the Begining of the Year 823140 0.422
b) Changes during the year
Date Reason
05/04/2019 Transfer -125 0.000 823015 0.422
12/04/2019 Transfer -105 0.000 822910 0.422
19/04/2019 Transfer -75 0.000 822835 0.422
26/04/2019 Transfer -400 0.000 822435 0.422
03/05/2019 Transfer -175 0.000 822260 0.422
10/05/2019 Transfer -100 0.000 822160 0.422
17/05/2019 Transfer -100 0.000 822060 0.422
24/05/2019 Transfer -75 0.000 821985 0.422
31/05/2019 Transfer -300 0.000 821685 0.421
07/06/2019 Transfer -350 0.000 821335 0.421
14/06/2019 Transfer -600 0.000 820735 0.421
12/07/2019 Transfer -1500 0.001 819235 0.420
26/07/2019 Transfer -200 0.000 819035 0.420
02/08/2019 Transfer -15700 0.008 803335 0.412
09/08/2019 Transfer -500 0.000 802835 0.412
30/08/2019 Transfer -4832 0.002 798003 0.409
06/09/2019 Transfer -25 0.000 797978 0.409
13/09/2019 Transfer -1350 0.001 796628 0.409
20/09/2019 Transfer -614 0.000 796014 0.408
11/10/2019 Transfer 80025 0.041 876039 0.449
18/10/2019 Transfer 59478 0.031 935517 0.480
22/11/2019 Transfer -10000 0.005 925517 0.475
c) At the End of the Year 925517 0.475
15 SAMARTH COMMODITIES MERCHANTS PVT. LTD.
a) At the Begining of the Year 1437999 0.737
b) Changes during the year
Date Reason
12/04/2019 Transfer -100000 0.051 1337999 0.686
21/06/2019 Transfer 83500 0.043 1421499 0.729
26/07/2019 Transfer -45000 0.023 1376499 0.706
09/08/2019 Transfer -140000 0.072 1236499 0.634
16/08/2019 Transfer -45000 0.023 1191499 0.611
23/08/2019 Transfer -20000 0.010 1171499 0.601
30/08/2019 Transfer -480000 0.246 691499 0.355
06/09/2019 Transfer -115000 0.059 576499 0.296
20/09/2019 Transfer -125000 0.064 451499 0.232
27/09/2019 Transfer -205000 0.105 246499 0.126
18/10/2019 Transfer -119800 0.061 126699 0.065
25/10/2019 Transfer -55000 0.028 71699 0.037
01/11/2019 Transfer -10000 0.005 61699 0.032
08/11/2019 Transfer 60000 0.031 121699 0.062
15/11/2019 Transfer 71000 0.036 192699 0.099
22/11/2019 Transfer -73000 0.037 119699 0.061
13/12/2019 Transfer -118793 0.061 906 0.000
31/12/2019 Transfer 27132 0.014 28038 0.014
10/01/2020 Transfer -838 0.000 27200 0.014
17/01/2020 Transfer -27200 0.014 0 0.000
c) At the End of the Year 0 0.000
16 SHAVARIA TRADECOM PRIVATE LIMITED
a) At the Begining of the Year 0 0.000
b) Changes during the year
Date Reason
30/09/2019 Transfer 917750 0.471 917750 0.471
25/10/2019 Transfer 316566 0.162 1234316 0.633
01/11/2019 Transfer 339934 0.174 1574250 0.807
08/11/2019 Transfer 8803 0.005 1583053 0.812
15/11/2019 Transfer 136197 0.070 1719250 0.882
29/11/2019 Transfer 50000 0.026 1769250 0.907
06/12/2019 Transfer 43500 0.022 1812750 0.930
c) At the End of the Year 1812750 0.930
T O T A L 16370921 8.395 16384574 8.402

v) Shareholding of Directors and Key Managerial Personnel:

Sl. No. For Each of the Top 10 Shareholders Shareholding at the beginning of the year Cumulative Shareholding during the year
No. of shares % of total shares of the company No. of shares % of total shares of the company
1 NARINDER SINGH KAHLON
a) At the Begining of the Year 100 0.000
b) Changes during the year [NO CHANGES DURING THE YEAR]
c) At the End of the Year 100 0.000
2 R P GUPTA
a) At the Begining of the Year 13447 0.007
b) Changes during the year [NO CHANGES DURING THE YEAR]
c) At the End of the Year 13447 0.007
3 SANJAY SHARMA
a) At the Begining of the Year 0 0.000
b) Changes during the year
Date Reason 06/03/2020 Transfer 15000 0.008 15000 0.008
c) At the End of the Year 15000 0.008
T O T A L 13547 0.007 28547 0.015

vi) INDEBTEDNESS

Indebtedness of the Company including interest outstanding/accrued but not due forpayment: (`) in Lakhs

Particulars Secured Loans excluding deposits Unsecured Loans Deposits Total Indebtedness
Indebtedness at the beginning of the financial year
i) Principal Amount 13755.98 13755.98
ii) Interest due but not paid 2117.28 2117.28
iii) Interest accrued but not due
Total (i+ii+iii) - 15873.26 - 15873.26
Change in Indebtedness during the financial year
o Addition 583.16 2867.44 3450.61
o Reduction - 450.00 450.00
Net Change 583.16 2417.44 - 3000.61
Indebtedness at the end of the financial year
i) Principal Amount 583.16 14925.98 - 15509.14
ii) Interest due but not paid - 3364.73 3364.73
iii) Interest accrued but not due - - - -
Total (i+ii+iii) 583.16 18290.71 - 18873.87

vii) REMUNERATION OF DIRECTORS AND KEY MANAGERIAL PERSONNEL

A. Remuneration to Managing Director Whole-time Directors and/or Manager: in (`)

Particulars of Remuneration Name of MD/WTD/ Total Amount
Managing Director Whole Time Director Mr. Manoj Kumar Rustagi* Manager
1. Gross salary (Rs. In Lakhs) - 1.00 (per month) -- 1.00 (per month)
(a) Salary as per provisions contained in section 17(1) of the Income-tax Act 1961 (per annum)
(b) Value of perquisites u/s 17(2) Income-tax Act 1961
(c) Profits in lieu of salary under section 17(3) Income-tax Act 1961
2. Stock Option - - - -
3. Sweat Equity - - - -
4. Commission
- as % of profit
- others specify… - - - -
5. Others please specify - - - -
Total 1.00 - 1.00
Ceiling as per the Act - - - -

*Mr. Manoj Kumar Rustagi Whole-Time Director of the Company has been deputed by JSWCement Limited which is parent company.

B. Remuneration to other directors: (`) in Lakhs

Particulars of Remuneration Name of Directors Total Amount
1 Independent Director Mr. Sanjay Sharma Mahendra Singh B.K. Mangaraj Ms. Sudeshna Banerjee
Fee for attending board / committee meetings 1.60 1.75 1.60 1.60 6.55
Commission
Others please specify
Total (1)
2. Other Non-Executive Directors Narinder Singh R.P. Gupta - - -
Kahlon
Fee for attending board / committee meetings - - - - -
Commission - - - -
Others please specify
Total (2) - - - -
Total (B) = (1+2) 6.55
Total Managerial Remuneration -- - - - -
Overall Ceiling as per the Act - - - -

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

Mr. Girish Menon-Chief Financial Officer and Ms. Sneha Bindra- Company Secretary havebeen deputed by JSW Cement Limited holding company hence they receive salary from theholding company.

viii) PENALTIES / PUNISHMENT/ COMPOUNDING OF OFFENCES : None