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Shiva Texyarn Ltd.

BSE: 511108 Sector: Industrials
NSE: SHIVATEX ISIN Code: INE705C01020
BSE 00:00 | 04 Oct 159.35 3.80
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OPEN 158.20
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VOLUME 8
52-Week high 322.15
52-Week low 140.00
P/E 13.10
Mkt Cap.(Rs cr) 207
Buy Price 0.00
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OPEN 158.20
CLOSE 155.55
VOLUME 8
52-Week high 322.15
52-Week low 140.00
P/E 13.10
Mkt Cap.(Rs cr) 207
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Shiva Texyarn Ltd. (SHIVATEX) - Director Report

Company director report

Dear Members

Your Directors have pleasure in presenting the 40th Annual Report together with AuditedFinancial Statements of the Company for the year ended 31st March 2021.

Financial Results

Financial Year

2020-21 2019-20
Profit before Interest and Depreciation 4995.89 3822.41
Less: Interest 1766.90 2230.74
Profit before Depreciation 3228.99 1591.67
Less: Depreciation 1568.38 1468.93
Profit before Tax 1660.61 122.74
Less: Provision for Income Tax
- Current Tax 1019.75 -
- Deferred Tax Liability (Net) (587.20) (31.96)
Profit after Tax 1228.06 154.70
Add: Other comprehensive income/(Loss) 20.37 (39.00)
Total comprehensive income/(Loss) for the Year 1248.43 115.70

DIVIDEND

The Board has recommended a dividend of ` 1.20/-per share (12% on face value of `10/-each) for the financial year 2020-2021.

REVIEW OF OPERATIONS

The Company's turnover is ` 34027.77 Lacs during the year compared to ` 36655.37 Lacsin the previous year. During the year under review the spinning unit produced 7515.17tonnes (11319.54 tonnes) of yarn. The spinning unit sold 7942.03 tonnes (11907.69 tonnes)of yarn and out of which exports accounted for 667.81 tonnes (806.16 tonnes). Furtherduring the year under review the Company sold 2617.48 tonnes (3072.24 tonnes) of wastecotton of which exports accounted for 661.40 tonnes (256.17 tonnes).

The Wind Mills with aggregate installed capacity of 18.145 MW generated 193.49 lakhunits of Wind Electricity as against 187.56 lakh units in the last year. The entire powergenerated by Wind Mills was utilized for captive consumption at the spinning unit.

The ongoing COVID 19 Pandemic created unusually mixed challenging situation last year.

The Spinning Division suffered enormously in the first half year owing to lock downacross the Country. However the second half year showed increasingly robust performance.

The Lamination and Garments Division were at the forefront of PPE making in Indiabeing among the first Company to get certified and to get manufacturing contracts from theGovernment. As a consequence the Technical Textile Division have generally done wellduring the year.

PRESENTATION OF FINANCIAL STATEMENTS

The financial statements for the year ended 31.3.2021 has been prepared in accordancewith the Indian Accounting Standard (IndAS) notified under section 133 of the CompaniesAct 2013 read with Companies (Accounts) Rules 2014 and other applicable provisions.

PROSPECTS FOR THE CURRENT YEAR

Your Company is continuously putting efforts to widen the Product range under TechnicalTextiles segment and has recently received orders aggregating to ` 40.90 Crores for thesupply of 122033 bags to Mininstry of Defence Government of India.

The contribution from Lamination Coating and Garments Divisions are likely to improvein the ensuing years.

MATERIAL CHANGES AND COMMITMENTS IF ANY AFFECTING THE FINANCIAL POSITION OF THE

COMPANY

COVID-19 Pandemic has severally affected the operational and financial performance ofthe Company during the year under review. Due to the Covid-19 second wave and restrictionsimposed by the appropriate Governments may have an impact on the business cycle inthe current financial year (2021-22) also.

TRANSFER TO RESERVES

During the year under review the Company has not transferred any amount to GeneralReserves.

SHARE CAPITAL

During the year under review there were no changes in the capital structure of theCompany.

TRANSFER OF UNCLAIMED DIVIDEND / SHARES TO INVESTOR EDUCATION AND PROTECTION

FUND

The Company is in the process of transferring the unclaimed dividend pertaining to thefinancial year 2013-2014 and respective shares to the Investor Education and ProtectionFund and the details will be hosted in the website of the company.

SHIFTING OF REGISTERED OFFICE OF THE COMPANY

For administrative convenience Company's registered office has been shifted to No.52East Bashyakaralau Road R.S.Puram Coimbatore -641 002 with effect from 01.04.2021.

CHANGE OF ADDRESS OF COMPANY'S REGISTRAR & SHARE TRANSFER AGENT (RTA) & CHANGE

IN STATUS

The Company's RTA M/s. S K D C Consultants Ltd who is presently operating fromKanapathy Towers 3rd Floor 1391/A-1 Sathy Road Ganapathy Coimbatore – 641006 will be shifting to the new address "Surya" 35 May Flower Avenue BehindSenthil Nagar Sowripalayam Road Coimbatore – 641 028 w.e.f 16.07.2021. M/s.S K D C Consultants Ltd has become a wholly owned subsidiary of M/s. Link Intime IndiaPrivate Ltd w.e.f 17.03.2021.

EXTRACT OF ANNUAL RETURN

An extract of the Annual Return as on 31st March 2021 pursuant to the sub-section (3)of Section 92 of the Companies Act 2013 which forms part of the report in FormMGT-9 is also enclosed as Annexure I.

BOARD MEETINGS

During the year under review Five Board Meetings of the Company were conducted. Thedetails of the same have been given in the Corporate Governance Report under Regulation 17of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 formingpart of this Report.

SECRETARIAL STANDARDS

During the year under review your Company has complied with all the applicableSecretarial Standards issued by the Institute of Company Secretaries of India from time totime.

DIRECTORS' RESPONSIBILITY STATEMENT

As stipulated in Section 134 (5) of the Companies Act 2013 your Directors confirmthat:

a) Your Directors have followed the applicable accounting standards in the preparationof the annual accounts with proper explanation relating to material departures;

b) Your 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 yearand of the profit and loss of the Company for that period;

c) Your Directors have taken proper and sufficient care for the maintenance of adequateaccounting records in accordance with the provisions of this Act for safeguarding theassets of the Company and for preventing and detecting fraud and other irregularities;

d) Your Directors have prepared the annual accounts on a going concern basis; e) YourDirectors have laid down internal financial controls to be followed by the Company andthat such internal financial controls are adequate and were operating effectively; and

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

DIRECTORS

Sri S V Alagappan Director (DIN:00002450) is required to retire by rotation at theensuing Annual General Meeting he is eligible and seeks re-appointment.

The Company has obtained a Certificate from Sri R Dhanasekaran Company Secretary inPractice certifying that none of the Directors on the Board of the Company have beendebarred / disqualified from being appointed or continuing as Directors of the Company bythe Board / Ministry of Corporate Affairs or any such statutory authority.

No Independent Directors were appointed during the year under review.

DECLARATION OF INDEPENDENT DIRECTORS

All the Independent Directors have given declarations that they meet the criteria ofindependence as laid down under Section 149(6) of the Companies Act 2013 and Regulation16(1)(b) of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015.

ANNUAL EVALUATION OF BOARD COMMITTEES AND INDIVIDUAL DIRECTORS

Pursuant to the provisions of the Companies Act 2013 and Regulation 17 (10) of theSEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 IndependentDirectors at their meeting without participation of non-Independent Directors andmanagement considered and evaluated the Boards' performance performance of the Chairmanand Managing Director.

The Board has carried out an annual evaluation of its own performance and performanceof the individual Directors as well as the Committees of Directors.

COMPOSITION OF AUDIT COMMITTEE

The Audit Committee comprises of

1. Sri K N V Ramani Chairman (Non- Executive Independent Director)
2. Sri A Dhananjayan Member (Non- Executive Independent Director)
3. Sri D Satish Krishnan Member (Non- Executive Independent Director) and
4. Sri S K Sundararaman Member (Managing Director)

The Board has implemented the suggestions if any made by the Audit Committee fromtime to time.

PARTICULARS OF LOANS GUARANTEES OR INVESTMENTS

The Company has not given any loans or guarantees governed under the provisions ofSection 186 of the Companies Act 2013. The details of the investments made by Company aregiven in the notes to the financial statements.

ESTABLISHMENT OF VIGIL MECHANISM / WHISTLE BLOWER POLICY

The Company has established a Vigil Mechanism for Directors and employees to reportconcerns about unethical behaviour actual or suspected fraud or violation of theCompany's code of conduct or ethics. The policy has been posted in the website of theCompany viz. www.shivatex.in.

REMUNERATION POLICY

Your Company is covered under the provisions of Section 178(1) of the Companies Act2013

The Board of Directors have framed a policy setting out the framework for payment ofRemuneration to Directors Key Managerial Personnel and Senior Management Personnel of theCompany. The policy is explained as part of the Corporate Governance Report. TheNomination and Remuneration Committee ensures that:

1. The level and composition of remuneration is reasonable and sufficient to attractretain and motivate Directors of the quality required to run the Company successfully

2. Relationship of remuneration to performance is clear and meets appropriateperformance benchmarks and

3. Remuneration to Directors Key Managerial Personnel and Senior Management involves abalance between fixed and incentive pay reflecting short and long term performanceobjectives appropriate to the working of the Company and its goals.

Remuneration policy can be accessed at Company's website www.shivatex.in.

PARTICULARS OF CONTRACTS & ARRANGEMENTS AND RELATED PARTY TRANSACTIONS

All related party transactions that were entered into during the financial year in theordinary course of business were on arm's length basis. Hence reporting under Form AOC-2is not attracted. Further no materially significant related party transactions were madeby the Company with Promoters Key Managerial Personnel or other designated persons whichmay have potential conflict with interest of the company at large. Approval of AuditCommittee was obtained for transactions of repetitive nature on annual basis. All relatedparty transactions are placed before the Audit Committee and Board of Directors for theirreview. The policy on Related Party Transactions is available in the websitewww.shivatex.in.

Certain additional information and details required as per Rule 8(5) of the Companies(Accounts) Rule 2014 are furnished herein below:

No. Particulars Remarks
i The Financial summary or highlights The details are furnished at the beginning of the Director's Report
ii The change in the nature of business if any There was no change in the nature of principal business of the Company during the financial year ended 31st March 2021.
iii The details of Directors or Key Managerial Personnel who were appointed or have resigned during the year No Director or Key Managerial Personnel (KMP) were appointed or have resigned during the year.
iii.a. A Statement regarding opinion of Board with regard to integrity expertise and experience (including the proficiency) of the Independent Directors appointed during the year No independent directors were appointed during the year
iv The names of companies which have become or ceased to be its Subsidiaries Joint Ventures or Associate Companies during the year Not Applicable
v The details relating to deposits covered under Chapter V of the Act S. no.Particulars Remarks
A. Accepted during the year Nil
B. Remained unpaid or Nil unclaimed as at the end of the year
C. Whether there has been any default in repayment of deposits or payment of interest thereon during the year and if so number of such cases and the Nil total amount involved
i). At the beginning of the year
ii). Maximum during the year
iii). At the end of the year
vi The details of deposits which are not in compliance with the requirements of Chapter V of the Act. Not Applicable
vii The details of significant and material orders passed by the regulators or courts or tribunals impacting the going concern status and company's operations in future There are no significant and material orders passed by the Regulators/Courts that would impact the going concern status and the Company's operation in future.
viii The details in respect of adequacy of internal controls with reference to the Financial Statements The Company has an Internal Control System commensurate with the size scale and complexity of its operations. The Company has an Internal Audit Department which monitors and evaluates the efficiency and adequacy of internal control system in the Company its compliance with operating systems accounting procedures and policies at all locations of the Company. The scope and authority of the Internal Audit function is reveiwed by the Audit Committee from time to time. To maintain its objectivity and independence the Internal Auditor reports to the Audit Committee. Based on the report of internal audit function corrective actions are taken in the respective areas to further strengthen the internal controls. Significant audit observations and recommendations along with corrective actions thereon are presented to the Audit Committee of the Board if any.
ix Maintenance of cost records under sub-section (1) of section 148 of the Companies Act 2013 Pursuant to the provisions of Section 148 (1) of the Companies Act 2013 read with Companies (Cost Records and Audit) Rules 2014 the Company was required to maintain cost records. Accordingly the required accounts and cost records are duly made and maintained by the company during the year under review.
S. no. Particulars Remarks
a. No. of Complaints filed during NIL
the Financial Year 2020-21
b. No. of Complaints disposed off during the Financial Year 2020-21 NIL
c. No. of Complaints pending as on end of the Financial Year 2020-21 NIL

CORPORATE GOVERNANCE

In line with requirements of the SEBI (Listing Obligations and Disclosure Requirements)Regulations 2015 your Company is committed to the principles of good Corporate Governanceand continues to adhere good corporate governance practices consistently.

A separate section is given on Corporate Governance Management Discussion and Analysisalong with a certificate from the Practicing Company Secretary regarding compliancewith conditions of Corporate Governance as stipulated under Regulation 34(3) readwith Schedule V of the SEBI (Listing Obligations and Disclosure Requirements) Regulations2015 which forms part of this Annual Report.

AUDITORS

As per Section 139 of the Companies Act 2013 M/s Deloittee Haskin & Sells LLP– Chartered Accountants were appointed as Auditors for a term of 5 years in the 36thAnnual General Meeting held on 25th December 2017 and will hold office up to 41st AnnualGeneral Meeting without requirement of further ratification every year as per theprovisions of Companies (Amendment) Act 2017.

DETAILS OF FRAUDS REPORTED BY AUDITORS

There were no frauds reported by the Statutory Auditors under the provisions of Section143(12) of the Companies Act 2013 and rules made thereunder during the year under review.

SECRETARIAL AUDIT

Pursuant to provisions of Section 204 of the Companies Act 2013 and the Companies(Appointment and Remuneration of Managerial Personnel) Rules 2014 the Company appointedMr. R Dhanasekaran Practicing Company Secretary to undertake the Secretarial Audit of theCompany. The report is attached herewith as Annexure II.

No adverse qualifications/comments have been made in the said report by the PracticingCompany Secretary.

The Certificate of non-disqualification of Directors pursuant to Regulation 34(3) andSchedule V Para C clause (10)(i) of the SEBI (Listing Obligation and DisclosureRequirement) Regulations 2015 are attached with this report.

COST AUDITOR

Pursuant to Section 148 of the Companies Act 2013 read with the Companies (CostRecords and Audit) Rules 2014 as amended from time to time the Board of Directors on therecommendation of Audit Committee have appointed Sri M Nagarajan Cost AccountantCoimbatore as Cost Auditor to conduct Cost Audit of the Company for the financial year2021-2022 with remuneration. As required under the Companies Act 2013 a resolutionseeking members' approval for the remuneration payable to the Cost Auditor forms part ofthe Notice convening Annual General Meeting.

INTERNAL AUDITOR

The Company has appointed M/s. B.M Associates Chartered Accountants as Internal Auditorto conduct the internal audit of the Company and the Audit Committee in consultation withthe Internal Auditor formulate the scope functioning periodicity for conducting InternalAudit.

STATEMENT ON RISK MANAGEMENT POLICY

Your company is not required to constitute a Risk Management Committee as perRegulation 21 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations2015 (only applicable to top 1000 listed entities based on the market capitalization as on31.03.2021) nevertheless the Company has constituted the same voluntarily. Pursuant toSection 134(3) (n) of the Companies Act 2013 the Committee has developed a RiskManagement Policy and implemented the same. Various risks and risk mitigation measuresassociated with the company are periodically assessed by this Committee. The details ofthe Committee and its terms of reference are set out in the Corporate Governance Reportforming part of the Boards Report.

CSR INITIATIVES & COMPOSITION OF CORPORATE SOCIAL RESPONSIBILITY COMMITTEE

The Company has constituted Corporate Social Responsibility Committee (CSR) whichshall recommend to the Board the activities to be undertaken by the Company as specifiedin schedule VII of the Companies Act 2013 recommend the amount of expenditure to beincurred on such activities and monitor the CSR policy of the Company. The company hasfully spent the amount stipulated under the requirements of the Act during the year underreview. Corporate Social Responsibility Committee constituted by the Board with effectfrom 21.05.2014 presently comprised of the following Directors.

1. Dr S V Kandasami Chairman
2. Smt S Sujana Abirami Director
3. Sri D Satish Krishnan Independent Director

Officer are attending the committee as invitees.

The CSR activities and its related particulars are enclosed as Annexure III.

STATUTORY DISCLOSURES

I. Conservation of Energy and others

The particulars required to be included in terms of Section 134(3)(m) of the CompaniesAct 2013 read with Rule 8(3) of the Companies (Accounts) Rules 2014 for the year ended31st March 2021 relating to Conservation of Energy etc. is enclosed as AnnexureIV.

II. Remuneration of Directors and other details

The information required under Section 197(12) of the Companies Act 2013 read withCompanies (Appointment and Remuneration of Managerial Personnel) Rules 2014 and formingpart of the Directors' Report for the year ended 31st March 2021 is provided as AnnexureV to this report.

HUMAN RESOURCES AND INDUSTRIAL RELATIONS

During the year under review the human relations continued to be very cordial. TheBoard of Directors wishes to acknowledge the contribution of the employees at all levelsof the organization.

ACKNOWLEDGEMENT

Your Directors acknowledge with gratitude the timely assistance and help extended bythe Bankers for having provided the required bank facilities. Your Directors wishto place on record their appreciation of the contributions made by the employees at alllevels for the continued good performance of your company.

By Order of the Board
S V ALAGAPPAN
CHAIRMAN
Coimbatore (DIN 00002450)
25th June 2021

FORM NO. MGT-9 EXTRACT OF ANNUAL RETURN

As on the financial year ended 31st March 2021

[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 L65921TZ1980PLC000945
ii) Registration Date 28-05-1980
iii) Name of the Company Shiva Texyarn Limited
iv) Category / Sub-Category of the Company Company Limited by Shares/
Indian Non -Government Company
v) Address of the Registered office and contact 52 East Bashyakaralu Road R S Puram
details (w.e.f 01.04.2021) Coimbatore Tamilnadu 641 002.
PH: 0422 2544955
E-mail: shares@shivatex.co.in
vi) Whether listed company Yes / No Yes
vii) Name Address and Contact details of S K D C Consultants Limited
Registrar and Transfer Agent if any (New Address w.e.f. 16.7.2021)
"Surya" 35 May Flower Avenue
Behind Senthil Nagar Sowripalayam Road
Coimbatore – 641 028
Ph:- 0422 4958995 2539835 / 836
Fax:- 0422 2539837
E-mail:- info@skdc-consultants.com

II. PRINCIPAL BUSINESS ACTIVITIES OF THE COMPANY

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

Sl. No. Name and Description of main products / services NIC Code of the Product/ service % to total turnover of the company
1 Cotton Yarn 13111 51.23
2 Laminated Fabric 13999 16.34
3 Garments 14309 13.02

III. PARTICULARS OF HOLDING SUBSIDIARY AND ASSOCIATE COMPANIES:

Sl No Name and address of the company CIN/GLN Holding/ Subsidiary/ Associate % of shares held Applicable Section
NIL

IV. SHAREHOLDING PATTERN (Equity Share Capital Breakup as percentage of Total Equity)i) Category-wise ShareHolding

Category of Shareholders

No. of Shares held at the beginning of the year [As on 01-April-2020] 31-March-2021]

No. of Shares held at the end of the year [As on 01-April-2020] 31-March-2021]

% Change during the year
Demat Physical Total % of Total Shares Demat Physical Total % of Total Shares
A. Promoters
(1) Indian
a) Individual/ HUF 227577 - 227577 1.756 227577 - 227577 1.756 -
b) Central Govt. - - - - - - - - -
c) State Govt(s) - - - - - - - - -
d) Bodies Corp. 9369939 - 9369939 72.284 9369939 - 9369939 72.284 -
e) Banks / FI - - - - - - - - -
f) Any other - - - - - - - - -
Sub -total (A) (1) :- 9597516 - 9597516 74.040 9597516 - 9597516 74.040 -
(2) Foreign
a) NRIs - Individuals - - - - - - - - -
b) Other - Individuals - - - - - - - - -
c) Bodies Corp - - - - - - - - -
d) Banks/FI - - - - - - - - -
e) Any other - - - - - - - - -
Sub-total (A) (2) - - - - - - - - -
Total shareholding 9597516 - 9597516 74.040 9597516 - 9597516 74.040 -
of promoter (A)=(A)
(1)+(A)(2)
B. Public Shareholding
1. Institutions
a) Mutual Funds - - - - - - - - -
b) Banks / FI 60 660 720 0.006 60 660 720 0.006 -
c) Central Govt - - - - - - - - -
d) State Govt(s) - - - - - - - - -
e) Venture Capital Funds - - - - - - - - -
f) Insurance Companies - - - - - - - - -
g) FIIs - - - - - - - - -
h) Foreign Venture Capital Funds - - - - - - - - -
i) Others (specify) - - - - - - - - -
Sub-total (B)(1):- 60 660 720 0.006 60 660 720 0.006 -
2. Non-Institutions
a) Bodies Corp.
i) Indian 40068 1500 41568 0.321 49975 1500 51475 0.397 0.076
ii) Overseas - - - - - - - - -
b) Individuals
i) Individual shareholders holding nominal share capital uptoRs. 1 lakh 1745371 317481 2062852 15.913 1621952 290823 1912775 14.754 (1.159)
ii) Individual shareholders holding nominal share capital in excess of Rs 1 lakh 727977 - 727977 5.616 856860 - 856860 6.610 0.994
Non Resident Indians 252905 - 252905 1.951 228208 - 228208 1.761 (0.190)
Director & Their relatives 180 - 180 0.001 180 - 180 0.001 -
Clearing Members 13030 - 13030 0.101 3722 - 3722 0.029 (0.072)
HUF 152506 - 152506 1.176 172361 - 172361 1.330 0.154
IEPF 113099 - 113099 0.872 138896 - 138896 1.072 0.200
Unclaimed Share 360 - 360 0.003 - - - - -
Suspense Account
Sub-total (B)(2):- 3045496 318981 3364477 25.954 3072154 292323 3364477 25.954 -
Total Public 3045556 319641 3365197 25.960 3072214 292983 3365197 25.960 -
Shareholding (B)=(B) (1)+ (B)(2)
C. Shares held by Custodian for GDRs & ADRs - - - - - - - - -
Grand Total (A+B+C) 12643072 319641 12962713 100.00 12669730 292983 12962713 100.000 -

ii) Shareholding of Promoter-

Share holding at the beginning of the year (01.04.2020)

Shareholding at the end of the Year(31.03.2021)

% change inshare holding during the year
SL NO Share holder's Name 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
1 S V Alagappan 32670 0.25 - 32670 0.25 - -
2 S V Kandasami 174117 1.34 - 174117 1.34 - -
3 S K Sundararaman 12060 0.09 - 12060 0.09 - -
4 A Shenbagam 5220 0.04 - 5220 0.04 - -
5 K Leelavathi 2700 0.02 - 2700 0.02 - -
6 A Lalitha 810 0.01 - 810 0.01 - -
7 Annamallai Retreading Company Private Limited 3050146 23.53 - 3050146 23.53 - -
8 Vedanayagam Hospital Private Ltd 6305320 48.64 - 6305320 48.64 - -
9 Sundar Ram Enterprise Private Ltd 14473 0.11 - 14473 0.112 - -
Total 9597516 74.04 - 9597516 74.04 - -

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

Sl. No Name of the Shareholder

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
At the beginning of the year 9597516 74.04 9597516 74.04
Changes during the year - - - -
At the End of the year 9597516 74.04 9597516 74.04

ii) Shareholding of Promoter-

Sl no For each of top 10 shareholders

Shareholding at the beginning of the year

Shareholding at the end of the year

No.of Shares % No.of Shares %
INVESTOR EDUCATION AND PROTECTION
1 FUND AUTHORITY MINISTRY OF CORPORATE AFFAIRS 113099 0.872 138896 1.072
2 SABITA SHETTY MRS 125545 0.969 0 0.000
2 SABITA SHETTY 0 0.000 125545 0.969
3 SANGEETHA S 100690 0.777 0 0.000
3 SANGEETHA S 0 0.000 100690 0.777
4 ALKA JAIN 0 0.000 79477 0.613
5 ASHOK KUMAR JAIN 0 0.000 74671 0.576
6 TIRUMALA RAO NIMMAGADDA 28093 0.217 28093 0.217
6 N TIRUMALA RAO 16542 0.128 16542 0.128
6 TIRUMALA RAO NIMMAGADDA 4110 0.032 11300 0.087
6 TIRUMALA RAO NIMMAGADDA 200 0.002 350 0.003
7 DEEPA JANAK PAREKH 38555 0.297 39774 0.307
7 DEEPA JANAK PAREKH 1209 0.009 1209 0.009
8 SELVAM.K.A 30519 0.235 30519 0.235
9 V SUDHA SARADA 29500 0.228 29500 0.228
10 HEMCHAND KUVARJI DEDHIA 22000 0.170 22000 0.170
10 HEMCHAND KUVARJI DEDHIA 2400 0.019 2400 0.019
11 IONA M PALIA 16200 0.125 16200 0.125
12 ANANT JAIN 55149 0.425 0 0.000
12 ANANT JAIN 25476 0.197 0 0.000

(v) Shareholding of Directors and Key Managerial Personnel:

Sl.No Shareholding of each Directors and each Key Managerial Personnel

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 Sri S V Alagappan Director
At the beginning of the year 32670 0.25 - -
Changes during the year - - - -
At the end of the year 32670 0.25 32670 32670
2 Dr S V Kandasami Director
At the beginning of the year 174117 1.34 - -
Changes during the year - - - -
At the end of the year 174117 1.34 174117 1.34
3 Sri S K Sundararaman Managing Director
At the beginning of the year 12060 0.09
Changes during the year - - - -
At the end of the year 12060 0.09 12060 0.09
4 Smt Sujana Abirami Director
At the beginning of the year - - - -
Changes during the year - - - -
At the end of the year - - - -
5 Sri K N V Ramani Director
At the beginning of the year - - - -
Changes during the year - - - -
At the end of the year - - - -
6 Sri S Marusamy Director
At the beginning of the year 4383 0.034 - -
Changes during the year - - - -
At the end of the year 4383 0.034 4383 0.034
7 Sri A Dhananjayan Director
At the beginning of the year - - - -
Changes during the year - - - -
At the end of the year - - - -
8 Sri D Satish Krishnan Director
At the beginning of the year - - - -
Changes during the year - - - -
At the end of the year - - - -
9 Sri C Krishnakumar Chief Financial Officer
At the beginning of the year 270 - - -
Changes during the year - - - -
At the end of the year 270 - 270 -
10 Sri R Srinivasan Company Secretary
At the beginning of the year - - - -
Changes during the year - - - -
At the end of the year - - - -

INDEBTEDNESS

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

Secured Loans excluding deposits Unsecured Loans Deposits Total Indebtedness
Indebtedness at the beginning of the financial year
i) Principal Amount 17581.38 1070.00 18651.38
ii) Interest due but not paid 37.88 37.88
iii) Interest accrued but not due - - -
Total (i+ii+iii) 17619.26 1070.00 18689.26
Change in Indebtedness during the financial year
* Addition 2230.00 60.00 2290.00
* Reduction (8778.28) (115.00) (8893.28)
Net Change (6548.28) (55.00) (6603.28)
Indebtedness at the end of the financial year
i) Principal Amount 11033.10 1015.00 12048.10
ii) Interest due but not paid 6.42 6.42
iii) Interest accrued but not due
Total (i+ii+iii) 11039.52 1015.00 12054.52

V) REMUNERATION OF DIRECTORS AND KEY MANAGERIAL PERSONNEL

A. Remuneration to Managing Director Whole-time Directors and/ormanager

SN. Particulars of Remuneration MD/WTD/Manager S K Sundararaman TOTAL
Managing Director
1 Gross salary 3600000 3600000
(a) Salary as per provisions contained in section 17(1) of the Income-tax Act 1961
(b) Value of perquisites u/s 17(2) Income-tax Act 1961 264000 264000
(c) Profits in lieu of salary under section 17(3) Income - tax Act 1961
2 Stock Option
3 Sweat Equity
4 Commission
- As % of profits 1835309 1835309
- Others specify - -
5 Others please specify - -
Total (A) 5699309 5699309
Ceiling as per the applicable provisions of the Companies Act 2013

B. Remuneration to other directors:

SN.

Particulars of Remuneration

1 Independent Directors Sri KNV Ramani Sri A Dhananyayan

Sri D Satish Krishnan

Sri S Marusamy TOTAL
Fee for attending board / committee meetings Commission 100000 - 80000 - 100000 - 60000 - 340000 -
Others please specify - - - - -
Total (1) 100000 80000 100000 60000 340000
2 Other Non- Executive Directors Sri S V Alagappan Dr S V Kandasami

Smt. S. Sujana Abirami

Total
Fee for attending board / committee meetings 50000 50000 50000 - 150000
Commission - - - - -
Others please specify - - - - -
Total (2) 50000 50000 50000 - 150000
Total (B)=(1+2) 150000 130000 150000 60000 490000
Total Managerial - - - - -
Remuneration
Overall Ceiling as per the Act Not Applicable

C. Remuneration to Key Managerial Personnel Other Than MD/MANAGER/WTD

Key Managerial Personnel

Sl. No Particulars of Remuneration Sri R Srinivasan Company Secretary Sri C Krishnakumar Chief Financial Officer Total
1 Gross salary 1749905 1771547 3521452
(a) Salary as per provisions contained in section 17(1) of the Income-tax Act 1961
(b) Value of perquisites u/s 17(2) Income- tax Act 1961 - - -
(c) Profits in lieu of salary under section 17(3) Income-tax Act 1961 - - -
2 Stock Option - - -
3 Sweat Equity - - -
4 Commission
- as % of profit - - -
others specify…
5 Others please specify - - -
Total 1749905 1771547 3521452

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 madeif any (give Details)
A. COMPANY
Penalty - - -
Punishment - - -
Compounding - - -
B. DIRECTORS
Penalty - - -
Punishment - - -
Compounding - - -
C. OTHER OFFICERS IN DEFAULT
Penalty - - -
Punishment - - -
Compounding - - -
For Shiva Texyarn Ltd
R SRINIVASAN
Coimbatore COMPANY SECRETARY
25th June 2021

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