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Tirupati Tyres Ltd.

BSE: 539040 Sector: Others
NSE: N.A. ISIN Code: INE812Q01016
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OPEN 6.01
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VOLUME 600
52-Week high 7.38
52-Week low 1.71
P/E
Mkt Cap.(Rs cr) 2
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
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Tirupati Tyres Ltd. (TIRUPATITYRES) - Director Report

Company director report

To

The Members

Tirupati Tyres Limited

Your Directors are pleased to submit the 32ndAnnual Report of the Companytogether with Standalone Audited Financial Statements along with Independent Auditor'sReport for the financial year ended 31st March 2020.

 

FINANCIAL RESULTS

The summary of the Company's Standalone financial performance for the financial year2019-2020 as compared to the previous financial year 2018-19 is given below:

(In Rs.)

Particulars Year ended 31/03/2020 Year ended 31/03/2019
Revenue from Operations - 998682
Revenue from Other Income - -
Total Revenue - 998682
Profit before Depreciation and Interest (1689299) (3044221)
Depreciation -- (233750)
Interest -- -
Profit After Depreciation and Interest (1689299) (3277971)
Provision for Taxation -- -
Provision for Tax (Deferred) -- -
Profit/Loss after tax (1689299) (3277971)
Balance carried to Balance Sheet (1689299) (3277971)

*Note: Figures of the financial year 2019-2020 are re-grouped or re-classified.

STATE OF COMPANY' AFFAIRS

During the year your Company does not have any income as compared to Rs. 998682/- inthe previous year. The Net Profit after tax was Rs. (1689299)/- against the Net Profitof Rs. (3277971)/- in the previous year.

 

DIVIDEND

In view of the planned business growth your Directors deem it proper to preserve theresources of the Company for its activities and therefore do not propose any dividend forthe Financial Year ended 31st March 2020.

 

AMOUNTS TO BE TRANSFERRED TO RESERVES

During the year the Company has not proposed to transfer any amount to the GeneralReserve of the Company.

 

DEPOSITS FROM PUBLIC

Your Company has not accepted any deposits from the public falling within the ambit ofSection 73 and 74 of the Companies Act 2013 read together with the Companies (Acceptanceof Deposits) Rules 2014. Since the Company has not accepted any deposits during thefinancial year 2019-2020 there has been no non-compliance with the requirements of theAct.

 

SUBSIDIARIES / TOINT VENTURES / ASSOCIATES

During the year under review there were no such companies which have becomeSubsidiaries/ Joint Venture/ Associate Companies.

 

UNPAID / UNCLAIMED AMOUNTS TRANSFERRED TO INVESTOR EDUCATION AND PROTECTION FUND

In terms of the provisions of Investor Education and Protection Fund (AccountingAudit Transfer and Refund) Rules 2016 the company is not required to transfer anyamount to Investor Education and Protection Fund.

 

SHARE CAPITAL

The Company's paid up Equity Share capital continues to stand at Rs. 34435000/- ason March 31 2020. During the year the company has not issued any shares or convertiblesecurities. The Company does not have any Scheme for issues of shares including sweatequity to the employees or Directors of the Company.

 

CREDIT RATING

The Company is not required to obtain any credit rating from any credit ratingagencies. BOARD OF DIRECTORS AND KEY MANAGERIAL PERSONNEL

The members of the Company's Board of Directors are eminent persons of provencompetencies and integrity. Besides experience strong financial acumen strategicastuteness and leadership qualities they have a significant degree of commitment towardsthe company and devote adequate time to the meetings. The Company recognizes andembracesthe importance of a diverse board in its success. The Company believes that a trulydiverse board will leverage differences in thought perspective knowledge skillindustry experience and gender which will help the Company to retain its competitiveadvantage.

Pursuant to Section 152 of the Companies Act 2013 Ms. Nikita Hardik Parekh ManagingDirector of the Company retires by rotation at the ensuing Annual General Meeting andbeing eligible offers herself for re-appointment. Your Board has recommended hesreappointment.

As on March 31 2020 the Company has 4 Directors consisting of 1 Non- IndependentDirectors (Managing Director) 3 Independent Directors.

During the year under review the following changes occurred in the position of theDirectors/KMPs of the Company.

Sr. No Name of the Directors / KMPs Date of Event Details of Event
1. Ms. KanikaKabra w.e.f. 31.07.2019 Resignation as Company Secretary and Compliance Officer of the Company.
2. Ms. Vinita Devnani w.e.f. 01.08.2019 Appointment as Company Secretary and Compliance Officer of the Company.
3. Ms. Vinita Devnani w.e.f. 20.06.2020 Resignation as Company Secretary and Compliance Officer of the Company.

 

POLICIES ON DIRECTORS' APPOINTMENT AND REMUNERATION

The policies of the Company on Directors' appointment and remuneration includingcriteria for determining qualifications positive attributes independence of a Directorand other matters provided under sub-section (3) of Section 178 of the Act is appended asAnnexure B to this Report. The web address where the policy is uploaded is www.tirupatityresltd.in

SIGNIFICANT AND MATERIAL ORDERS PASSED BY THE REGULATORS OR OTHERS

There are no significant and material orders passed by the regulators or others.

 

MATERIAL CHANGES AND COMMITMENT AFFECTING FINANCIAL POSITION OF THE COMPANY

There were no material changes and commitment affecting the financial position of theCompany upto the date of approval of this report.

 

INTERNAL CONTROL SYSTEM AND THEIR ADEQUACY

The Company's internal control systems are commensurate with the nature of its businessand the size and complexity of its operations. These are routinely tested and certified byStatutory Auditors of the Company and cover all offices and key business areas. Furtherit is in extensive search of the Internal Auditor whose main thrust is to test and reviewcontrols appraisal of risks and business processes beside benchmarking controls withbest practices in the industry.

 

BOARD COMMITTEES

Your Company has following Committees of Board viz

1. Audit Committee

2. Stakeholders' Relationship Committee

3. Nomination and Remuneration Committee

Details of all the Committees along with their composition terms of reference andmeetings held during the year are provided hereunder:

(A) Composition of Committee

Audit Committee

Name of Committee Members Category Date of Appointment Date of Cessation
VinodMokal Non-Executive - Independent Director Chairperson 30/08/2018 -
Vishal Sonawane Non-Executive - Independent Director Member 30/08/2018 -
ApekshaJadhav Non-Executive - Independent Director Member 30/08/2018 -

Nomination & Remuneration Committee

Name of Committee Members Category Date of Appointment Date of Cessation
VinodMokal Non-Executive - Independent Director Chairperson 30/08/2018 -
Vishal Sonawane Non-Executive - Independent Director Member 30/08/2018 -
ApekshaJadhav Non-Executive - Independent Director Member 30/08/2018 -

Stakeholders Relationship Committee

Name of Committee Members Category Date of Appointment Date of Cessation
VinodMokal Non-Executive - Independent Director Member 30/08/2018 -
Vishal Sonawane Non-Executive - Independent Director Member 30/08/2018 -
ApekshaJadhav Non-Executive - Independent Director Chairperson 30/08/2018 -

(B) Meeting of Committees

Name of Committee Date(s) of meeting of the Committee in the Financial Year 20192020 Whether requirement of Quorum met (details) Maximum gap between any two consecutive meetings (in number of days)
Audit Committee 30/05/2019 Yes -
14/08/2019 Yes 75
23/08/2019 Yes 8
13/11/2019 Yes 81
12/02/2020 Yes 90
Nomination & Remuneration Committee 01/08/2019 Yes -
Stakeholders Relationship 13/11/2019 Yes -
Committee

 

CORPORATE SOCIAL RESPONSIBILITY

In accordance with the provisions of Section 135 of the Companies Act 2013 and Rulesmade there under the Company is not required to constitute CSR Committee neither thecompany is required to comply with any of the provisions of Section 135 of the CompaniesAct 2013 and Rules made there under. Further refer Annexure -F.

 

DIRECTORS' RESPONSIBILITY STATEMENT

Pursuant to the requirements under Section 134(3)(c) read with Section 134(5) of theAct with respect to Directors' Responsibility Statement your Directors hereby confirmthat:

• in the preparation of the annual accounts the applicable accounting standardshave been followed and no material departures are made;

• appropriate accounting policies have been selected and applied consistently andestimates and judgments made are reasonable and prudent so as to give a true and fair viewof the state of affairs of the Company at the end of the financial year and of the profitof the Company for that period;

• proper and sufficient care for maintenance of adequate accounting records inaccordance with the provisions of Act have been taken for safeguarding the assets of theCompany and for preventing and detecting frauds and other irregularities;

• the annual accounts have been prepared on a going concern basis; and

• Proper systems have been devised to ensure compliance with the provisions of allapplicable laws and that such systems were adequate and operating effectively.

 

AUDITORS

Statutory Auditors

Pursuant to the provisions of Section 139 of the Companies Act 2013 the Companies(Audit and Auditors) Rules 2014 (including any re-enactment or modification thereto)and such other applicable provisions if any M/s. PMPK & Company CharteredAccountants Mumbai with registration number 019681N were appointed as the StatutoryAuditors of the Company and to hold the office from the conclusion of Thirty First AnnualGeneral Meeting of the Company till the conclusion of Thirty Sixth Annual General Meeting.

Secretarial Auditor

Pursuant to the provisions of Section 204 of the Companies Act 2013 and the Companies(Appointment and Remuneration of Managerial Personnel) Rules 2014 the Board of Directorshas appointed M/s. Aditya Shah & Associates Practicing Company Secretary Mumbai (MemNo.58883- & COP No.22912)to undertake the Secretarial Audit of the Company for thefinancial year 2019-2020. The Report of the Secretarial Auditor is annexed herewith asAnnexure Cand forms an integral part of this Report.

Explanation or comments on qualifications reservations or adverse remarks made byauditors and the practicing Company secretary in their reports:

 

The Statutory Auditors' Report to the members on the Accounts of the Company forthe financial year ended 31st March 2020 contain below qualificationsreservations or adverse remarks:

1. The company has not appointed an Internal Auditor or a firm of Internal Auditors forconducting Internal Audit of the company as required under section 138 of the CompaniesAct 2013 read with Rule 13 of Companies (Accounts) Rules 2014.

Management's Reply:The Company is in process of finding a suitable candidate /firm to be appointed as Internal Auditor of the Company.

 

Secretarial Auditors' Report for financial year ended 31st March 2020contains thefollowing qualifications reservations or adverse remarks on which the management hasgiven their explanations:

2. The Company has not appointed Internal Auditor as per Section 138(1) of CompaniesAct 2013.

Management's Reply: The Company is in process of finding a suitable candidate / firm tobe appointed as Internal Auditor of the Company.

 

AUDIT COMMITTEE

The Company is in compliance with Section 177 of the Companies Act 2013 read withapplicable provisions thereof. Further the Company is not required to comply withRegulation 18 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations2015.

The terms of reference of the Audit Committee are in accordance with the provisions ofSection 177 of the Companies Act 2013.

 

PARTICULARS OF CONTRACT OR ARRANGEMENT WITH RELATED PARTIES.

In line with the requirements of the Companies Act 2013 and Listing Regulations thecompany has formulated a Policy on Related Party Transactions as approved by the Board ofDirectors which is also available on the Company's website and the same is considered forthe purpose of identification and monitoring Related Party transactions.

During the year under review the Company has not entered into any contracts orarrangement with its related parties referred to in Section 188(1) of the Companies Act2013. Disclosures in Form AOC-2 pertaining to material contract and arrangement in termsof Section 134(3)(h) of the Companies Act 2013 and Rule 8(2) of the Companies (Accounts)Rules 2014 is included in this report as "Annexure - G" and forms an integralpart of this report.

 

PARTICULARS OF EMPLOYEES AND RELATED DISCLOSURES

The information required pursuant to Section 197 read with Rule 5 of The Companies(Appointment and Remuneration of Managerial Personnel) Rules 2014 in respect of employeesof the Company will be provided upon request. In terms of Section 136 of the

Act the Report and Accounts are being sent to the Members and others entitled theretoexcluding the information on employees' particulars which is available for inspection bythe Members at the Registered Office of the Company during business hours on working daysof the Company up to the date of the ensuing Annual General Meeting. If any Member isinterested in obtaining a copy thereof such Member may write to the Company Secretary inthis regard and the same will be furnished on request.

Particulars of Employees pursuant to section 134(3)(q) of the Companies Act 2013 readwith rule 5(2) of the Companies (Appointment and Remuneration of Managerial Personnel)Rules2014:

a) None of the employees was employed throughout the financial year who was in receiptof remuneration exceeding Rs. 10200000/- per annum or more. Therefore Rule 5(2)(i) ofthe captioned Rules is not applicable.

b) None of the employees was employed throughout the financial year who was in receiptof remuneration exceeding Rs. 850000/- per month. Therefore Rule 5(2)(ii) of thecaptioned Rules is not applicable.

c) No employee is a relative of any Director or Key Managerial personnel of theCompany.

Therefore Rule 5(2)(iii) of the captioned Rules is not applicable to any employee.

 

BOARD EVALUATION

Your Company has devised a Policy for determining qualifications positive attributesof Directors performance evaluation of Independent Directors Board Committees and otherindividual Directors which also include criteria for performance evaluation of the nonexecutive directors and executive directors. While appointing and re-appointingIndependent Directors the Board ensures that there is appropriate balance of skillsexperience and knowledge to enable the Board to discharge its functions and dutieseffectively.

In accordance with the provisions of Companies Act 2013 and Regulation 17(10) of SEBI(LODR) Regulations 2015 the evaluation process for the performance of the Board itsCommittees and individual Directors was carried out internally. The Board evaluated itsperformance after seeking inputs from all the Directors on the basis of criteria such asthe Board composition and structure effectiveness of board processes information andfunctioning etc.

 

FAMILIARIZATION OF INDEPENDENT DIRECTORS

The Company familiarizes its Directors including independent directors with theCompany their roles rights responsibilities in the Company nature of the industry inwhich the Company operates business model of the Company etc. through on variousprograms.

 

PARTICULARS OF LOANS GUARANTEES OR INVESTMENTS

Loans Guarantees and Investments covered under Section 186 of the Companies Act 2013forms part of the Notes to the Financial Statements provided in this Annual Report.

 

RISK MANAGEMENT SYSTEM

In today's economic environment Risk Management is a very important part of business.The main aim of risk management is to identify monitor & take precautionary measuresin respect of the events that may pose risks for the business. The Board & AuditCommittee is responsible for reviewing the risk management plan and ensuring itseffectiveness. Major risks identified by the businesses and functions are systematicallyaddressed through mitigating actions on a continuing basis by keeping Risk ManagementReport before the Board & Audit Committee periodically.

 

REPORT ON CORPORATE GOVERNANCE

The Provisions of Regulation 17 to 27 Regulation 46 (2) (b) to (i) and Schedule V ParaC D and E of SEBI (LODR) Regulations 2015 is not applicable to the Company.

 

MANAGEMENT DISCUSSION & ANALYSIS

A detailed review of the growth of the company operations performance vis-a-visindustry growth and outlook of the Company and its business is given in the ManagementDiscussion and Analysis appearing as Annexure-E to this Report and it also covers economicfactors that impacted the growth of the business during the year under review.

 

NUMBER OF BOARD MEETINGS

The Board meets at regular intervals to discuss and decide on the Company's policiesand strategy apart from other Board matters. During the financial year 2019-2020NineBoard meetings were held.

The intervening gap between the two board meetings did not exceed 120 days.

 

EXTRACT OF ANNUAL RETURN

Pursuant to the requirements under Section 92(3) and Section 134(3) of the Act readwith Rule 12 of Companies (Management and Administration) Rules 2014 an extract ofAnnual Return in prescribed Form MGT-9 is given in the Report as Annexure A. The webaddress where the extract of annual return is uploaded is www.tirupatityresltd.in

CONSERVATION OF ENERGY TECHNOLOGY FOREIGN EXCHANGE EARNINGS AND OUTGO

In the view of nature of activities which are being carried on by the Company theparticulars as prescribed under Section 134 (3) (m) of the Act read with Companies'(Accounts) Rules 2014 regarding Conservation of Energy and Technology Absorption andresearch and development are not applicable to the Company. Further refer Annexure - D forfurther details.

 

LISTING OF SHARES OF THE COMPANY

The Equity Shares of your Company is listed on BSE Limited and Metropolitan StockExchange of India Limited. The Company has paid the listing fees as payable to the BSELtd. and Metropolitan Stock Exchange of India Limited for the financial year 2019-2020.

 

VIGIL MECHANISM/WHISTLE BLOWER POLICY

The Company has established a vigil mechanism to provide appropriate avenues to theDirectors and employees to bring to the attention of the Management the concerns aboutbehavior of employees that raise concerns including fraud by using the mechanism providedin the Whistle Blower Policy. The details of the said Policy are available on the websiteof the Company. The link to view this policy is

 

http://www.tiiupatityresltd.in/pl/Whistle%20bolwer%20and%20vigil%20mechanism% 20policy%20pdf.pdf.

During the financial year 2019-2020 no cases under this mechanism were reported in theCompany.

 

COMPLIANCE WITH SECRETARIAL STANDARDS ON BOARD AND GENERAL MEETINGS.

During the Financial Year 2019-2020 your Company has complied with applicableSecretarial Standards issued by the Institute of Company Secretaries of India.

 

REPORTING OF FRAUD

The Auditors have not reported any fraud as specified under Section 143(12) of theCompanies Act 2013 other than those which are reportable to the Central Government.

 

MAINTENANCE OF COST RECORDS

The Company is not required to maintain cost records as specified by the CentralGovernment under Section 148(1) of the Companies Act 2013 and accordingly such accountsare not made and maintained by the Company.

 

POLICY FOR PREVENTION PROHIBITION AND REDRESSAL OF SEXUAL HARASSMENT OF WOMEN ATWORKPLACE

The Company has framed policy in accordance with The Sexual Harassment of Women atWorkplace (Prevention Prohibition and Redressal) Act 2013. During the financial year20192020 no cases in the nature of sexual harassment were reported at our workplace ofthe Company. Further the company has complied with the provisions relating to theconstitution of Internal Complaints Committee under the Sexual Harassment of Women atWorkplace (Prevention Prohibition and Redressal) Act 2013.

 

CHIEF EXECUTIVE OFFICER (CEO) AND CHIEF FINANCIAL OFFICER (CFO) CERTIFICATION

The Chief Executive Officer and Chief Financial Officer Certification as required underregulation 17(8) of the Listing Regulation and Chief Executive Officer declaration aboutthe Code of Conduct is Annexed to this Report as Annexure - H.

 

GENERAL DISCLOSURE

Your Directors state no disclosure or reporting is required in respect of the followingitems as there were no transactions on these items during the year under review:

1. Issue of Equity Shares with differential rights as to dividend voting or otherwise.

2. Issue of Equity Shares (including Sweat Equity Shares) to employees of your Companyunder any scheme.

3. Your Company has not resorted to any buy back of its Equity Shares during the yearunder review.

4. Your Company does not have any subsidiaries. Hence neither the Managing Director norany other Directors of your Company received any remuneration or commission during theyear from any of its subsidiaries.

5. No significant or material orders were passed by the Regulators or Courts orTribunals which impact the going concern status and your Company's operations in future.

 

CAUTION STATEMENT

The Board's Report and Management Discussion & Analysis may contain certainstatements describing the Company's objectives expectations or forecasts that appear tobe forward looking within the meaning of applicable securities laws and regulations whileactual outcomes may differ materially from what is expressed herein. The Company is notobliged to update any such forward-looking statements. Some important factors that couldinfluence the Company's operations comprise economic developments pricing and demand andsupply conditions in global and domestic markets changes in government regulations taxlaws litigation and industrial relations.

 

ACKNOWLEDGEMENTS

The Directors express their sincere gratitude to the BSE Limited Ministry of FinanceMinistry of Corporate Affairs Registrar of Companies National Securities DepositoryLimited other government and regulatory authorities financial institutions and thebankers of the Company for their ongoing support.

The Directors also place on record their sincere appreciation for the continued supportextended by the Company's stakeholders and trust reposed by them in the Company. TheDirectors sincerely appreciate the commitment displayed by the employees of the Companyresulting in satisfactory performance during the year.

By order of the Board of Directors For TirupatiTyres Limited

Sd/-

Nikita Parekh

Chairman cum Managing Director& CFO DIN - 06800141

Date: 25.08.2020 Place: Mumbai

Form No. MGT - 9 EXTRACT OF ANNUAL RETURN As on the financial year ended on March 312020 [Pursuant to Section 92(3) of the Companies Act 2013 and Rule 12(1) of the Companies(Management and Administration) Rules 2014]

I. REGISTRATION & OTHER DETAILS:

i CIN L25111MH1988PLC285197
ii Registration Date 3rd May 1988
iii Name of the Company TirupatiTyres Limited
iv Category/Sub-category of the Company Company limited by Shares / Indian non-govt. Company
v Address of the Registered office & contact details B1/D Utkarsh Co-op Housing SocietyM.A. Road Andheri West Mumbai Maharashtra-400058
vi Whether listed Company Yes (Listed on BSE Limited and Metropolitan Stock Exchange of India Limited)
vii Name Address & contact details of the Registrar & Transfer Agent if any. Skyline Financial Services Private Limited D-153A First Floor Okhla Industrial Area Phase-1 New Delhi - 110020. Tel: 011-40450193 to 197 Fax No.: 011-26812682. Website: www.skylinerta.com E-mail: info@skylinerta.com

II. PRINCIPAL BUSINESS ACTIVITIES OF THE COMPANY:

(All the business activities contributing 10% or more of the total turnover of theCompany shallbe stated)

SN Name & Description of main products/services NIC Code of the Product /service % to total turnover of the Company
1 Trading in Tyres and allied products 3101 3102 & 3103 100%

III. PARTICULARS OF HOLDING SUBSIDIARY & ASSOCIATE COMPANIES:

SN Name of the Company CIN/GLN Holding / Subsidiary / Associate % of Shares Held Applicable Section
- - - - - -

IV. SHAREHOLDING PATTERN (EQUITY SHARE CAPITAL BREAK UP AS % TO TOTAL EQUITY)

(i) Category of Shareholders as on 31.03.2020:

Category of Shareholders No. Of Shares held at the beginning of the year No. Of Shares held at the end of the year % Change
Demat Physical Total % of Total share s Demat Physical Total % of Total Share s
A. Promoters
1. Indian
a) Individual / HUF Nil Nil Nil Nil Nil Nil Nil Nil Nil
b) Central Govt Nil Nil Nil Nil Nil Nil Nil Nil Nil
c) State Govt(s) Nil Nil Nil Nil Nil Nil Nil Nil Nil
d) Bodies Corp. Nil Nil Nil Nil Nil Nil Nil Nil Nil
e) Banks / FI Nil Nil Nil Nil Nil Nil Nil Nil Nil
f) Any Other Nil Nil Nil Nil Nil Nil Nil Nil Nil
Sub-total (A)(1) Nil Nil Nil Nil Nil Nil Nil Nil Nil
2. Foreign
a) NRIs - Individuals Nil Nil Nil Nil Nil Nil Nil Nil Nil
b) Other - Individuals Nil Nil Nil Nil Nil Nil Nil Nil Nil
c) Bodies Corp. Nil Nil Nil Nil Nil Nil Nil Nil Nil
d) Banks / FI Nil Nil Nil Nil Nil Nil Nil Nil Nil
e) Any Other Nil Nil Nil Nil Nil Nil Nil Nil Nil
Sub-total (A)(2) Nil Nil Nil Nil Nil Nil Nil Nil Nil
Total Shareholding of Promoter (A) = (A)(1)+(A)(2) Nil Nil Nil Nil Nil Nil Nil Nil Nil
B. Public Shareholding
1. Institutions
a) Mutual Funds Nil Nil Nil Nil Nil Nil Nil Nil Nil
b) Banks / FI Nil Nil Nil Nil Nil Nil Nil Nil Nil
c) Central Govt Nil Nil Nil Nil Nil Nil Nil Nil Nil
d) State Govt(s) Nil Nil Nil Nil Nil Nil Nil Nil Nil
e) Venture Capital Funds Nil Nil Nil Nil Nil Nil Nil Nil Nil
f) Insurance Companies Nil Nil Nil Nil Nil Nil Nil Nil Nil
g) FIIs Nil Nil Nil Nil Nil Nil Nil Nil Nil
h) Foreign Venture Capital Funds Nil Nil Nil Nil Nil Nil Nil Nil Nil
i) Others (specify) Nil Nil Nil Nil Nil Nil Nil Nil Nil
Sub-Total (B)(1) Nil Nil Nil Nil Nil Nil Nil Nil Nil
2. Non Institutions
a) Bodies Corp.
i. Indian 618287 204900 823187 23.91 599851 204900 804751 23.37 (0.54)
ii. Overseas Nil Nil Nil Nil Nil Nil Nil Nil Nil
b) Individual s Nil Nil Nil Nil Nil Nil Nil Nil Nil
i. Individual shareholders holding nominal share capital uptoRs. 1 lakh 2125865 50836 2176701 63.21 2137040 50836 2187876 63.54 0.33
ii. Individual shareholders holding nominal share capital in excess of Rs. 1 lakh 297174 41200 338374 9.83 308241 41200 349441 10.15 0.32
c) Others
NBFC Registered with RBI 1250 Nil 1250 0.04 Nil Nil Nil Nil (0.04)
Clearing Members 12029 0 12029 0.35 8575 0 8575 0.25 (0.10)
Non-Resident Indians 14723 0 14723 0.43 15293 0 15293 0.44 0.01
Resident Indian HUF 77236 0 77236 2.24 77564 0 77564 2.25 0.01
OCB Nil Nil Nil Nil Nil Nil Nil Nil Nil
Employees Welfare Trust Nil Nil Nil Nil Nil Nil Nil Nil Nil
Sub-Total 3146564 296936 3443500 100 3146564 296936 3443500 100
(B)(2)
Total Public Shareholding (B) = (B)(1)+(B)(2) 3146564 296936 3443500 100 3146564 296936 3443500 100
C. Shares held by Custodian for GDRs & ADRs Nil Nil Nil Nil Nil Nil Nil Nil Nil
Grand Total (A+B+C) 3146564 296936 3443500 100 3146564 296936 3443500 100

(ii) SHARE HOLDING OF PROMOTERS:

SN Shareholders Name

Shareholding at the beginning of the year

Shareholding at the end of the year

% change in shareholding during 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
- - - - - - - -
Total - -

-

- -

-

-

(iii) CHANGE IN PROMOTERS' SHARE HOLDING (PLEASE SPECIFY IF THERE IS NO CHANGE):

SN

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 - - - -
Date wise increase / decrease in promoter's shareholding during the year specifying the reasons for increase / decrease (e.g. Allotment / transfer / bonus / swear equity etc)
At the End of the year - - - -

(iv) SHAREHOLDING PATTERN OF TOP TEN SHAREHOLDERS (OTHER THAN DIRECTORS PROMOTERS& HOLDERS OF GDRS ADRS):

SN Name of the Shareholder

Shareholding at the beginning of the Year

Change in Shareholding during the Year

Shareholding at the end of the Year

No. of Shares % of total Shares of the Company No. of Shares % of total Shares of the Company No. of Shares % of total Shares of the Company
1 UNICON TIE UP PRIVATE LIMITED 23482 0.68 - 23482 0.68
2 ARTLINK VINTRADE LIMITED 662800 19.25 662800 19.25
3 TARU PALLAV PROJECTS PRIVATE LIMITED 81600 2.37 81600 2.37
4 RASHMI NAVINBHAI MEHTA 34572 1 1000 0.03 35572 1.03
5 PRAMOD JAGANNATH 7573 0.22 +240 0.01 22535 0.65
SHETKE -4913 0.14
+6973 0.20
-6973 0.20
+1900 0.06
+2000 0.06
+500 0.01
+8200 0.24
+300 0.01
+2600 0.08
+200 0.01
+734 0.02
+1666 0.05
+570 0.02
+900 0.03
+65 0.00
6 SURESH KUMAR JAIN 28864 0.84 - - 28864 0.84
7 HASIT DINKERROY AMIN 47956 1.39 - - 47956 1.39
8 PARVTIBEN B PATEL 20000 0.58 - - 20000 0.58
9 JYOTI MAYUR RAMAIYA 20700 0.60 - - 20700 0.60
10 HARESHKUMAR PRAGJIBHAI PATEL 27020 0.78 - - 27020 0.78
11 GULFAM ALI MEHDI KHAN 20500 0.60 - - 20500 0.60

(v)SHAREHOLDING PATTERN OF DIRECTORS AND KEY MANAGERIAL PERSONNEL:

SN Name of the Shareholder

Shareholding at the beginning of the Year

Change in Shareholding during the Year

Shareholding at the end of the Year

No. of % of total

No. of % of total

No. of % of total

Shares Shares of the Company Shares Shares of the Company Shares Shares of the Company
1 Mrs. Nikita Parekh - - - - - -
2 Ms. ApekshaJadhav - - - - - -
3 Mr. VinodMokal - - - - - -
4 Mr. Vishal Sonawane - - - - - -

(vi) INDEBTEDNESS:

Particulars Secured Loans excluding deposits Unsecured Loans Deposits Total Indebtedness
Indebtness at the beginning of the financial year
i) Principal Amount - 947500 - 947500
ii) Interest due but not paid - - - -
iii) Interest accrued but not due - - - -
Total (i+ii+iii) - - - -
Change in Indebtedness during the financial year
Additions - - - -
Reduction - 947500 - 947500
Net Change - 947500 - 947500
Indebtedness at the end of the financial year
i) Principal Amount - - - -
ii) Interest due but not paid - - - -
iii) Interest accrued but not due - - - -
Total (i+ii+iii) - - - -

V) REMUNERATION OF DIRECTORS AND KEY MANAGERIAL PERSONNEL:

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

S N Particulars of Remuneration Name of MD/WTD/Manager Total Amount
Mrs. Nikita Parekh* (Managing Director)
1 Gross salary - -
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 (A)
Ceiling as per the Act NA NA

B. Remuneration to Other Directors:

SN Particulars of Remuneration Total Amount
1 Independent Directors Ms. ApekshaJadhav* Mr. VinodMokal* Mr. Vishal Sonawane*
Fee for attending Board committee meetings - 40000 - 40000
Commission - - - -
Others (Fee for attending Independent Directors meeting)

-

-

-

-

Total (1) - - - -
2 Other Non-Executive Directors - - - -
Fee for attending Board committee meetings - - - -
Commission - - - -
Others please specify - - - -
Total (2) - - - -
Total (B)=(1+2) - - - -
Total Managerial Remuneration - 40000 - 40000

C. Remuneration to Key Managerial Personnel Other than MD/Manager/WTD:

SN Particulars of Remuneration Company Secretary Ms. KanikaKabra* Company Secretary Ms. Vinita Devnani** Chief Financial Officer Mrs. Nikita Parekh* Total Amount
1 Gross salary 131000 227400 - 358400
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 131000 227400 - 358400

*Ms. KanikaKabra was appointed as Company Secretary w.e.f. 01/01/2019 and resignedw.e.f. 31/07/2019.

* *Ms. Vinita Devnani was appointed as Company Secretary w.e.f. 01/08/2019 and resignedw.e.f. 20/06/2020.

PENALTIES/PUNISHMENT/COMPOUNDING OF OFFENCES:

Type Section of the Companies Act Brief Description Details of Penalties/Punishment/ Compounding fees imposed Authority (RD/NCL T/Court) Appeal made if any (give details)
A. COMPANY
Penalty - -

None

- -
Punishment - - - -
Compounding - - - -
B. DIRECTORS
Penalty - -

None

- -
Punishment - - - -
Punishment - - - -
C. OTHER OFFICERS IN DEFAULT
Penalty - -

None

- -
Punishment - - - -
Compounding - - - -

By order of the Board of Directors For Tirupati Tyres Limited

Sd/-

Nikita Parekh

Chairman cum Managing Director& CFO DIN - 06800141

Date: 25.08.2020

Place: Mumbai

.