Bedmutha Industries Ltd Management Discussions.

Management Discussion and Analysis Report for the year under review, as per regulation 34 (2) of SEBI (Listing

Obligations and Disclosures Requirements) Regulations, 2015 is presented as below.

Economic and Industry Overview:

In view of the COVID-19 pandemic, there remains considerable uncertainty around the global economic forecast for 2020. According to the International Monetary Fund (‘IMF), global economy is projected to contract sharply by 4.9% in

2020, surpassing the decline seen during the global financial crisis a decade ago.

Given the closure of operations in most industries, the nations steel demand in FY2020-21 is slated to fall by about 15%. This will lead to oversupply, suppressed prices and rising inventories, as per an India Ratings report, the steel sector will continue confronting sustained challenges on account of the labour shortage and hampered logistics movement. Due to the COVID-19 pandemic, Chinas steel production was affected for nearly four months from December 2019 and, thus, they started importing steel from every possible source from March 2020 so Domestic steel players need to gear up to raise production by improving efficiency and reducing cost to tap into the international markets.

The year 2019 was a difficult year for the global economy with world output growth estimated to grow at its slowest pace of 2.9 per cent since the global financial crisis of 2009, declining from a subdued 3.6 per cent in 2018 and 3.8 per cent in 2017. Uncertainties, although declining, are still elevated due to protectionist tendencies of China and USA and rising USA-Iran geo-political tensions.

The deceleration in GDP growth can be understood within the framework of a slowing cycle of growth with the financial sector acting as a drag on the real sector. In an attempt to boost demand, 2019-20 haswitnessedsignificanteasing of monetary policy with the repo rate having been cut by RBI by 110 basis points. Having duly recognized the financial stresses built up in the economy, the government has taken significant steps this year towards speeding up the insolvency resolution process under Insolvency and Bankruptcy Code (IBC) and easing of credit, particularly for the stressed real estate and Non-Banking Financial Companies (NBFCs) sectors. At the same time, impact of critical measures taken to boost investment, particularly under the National Infrastructure Pipeline, present green shoots for growth in H2 of 2019-20 and 2020-21.

Foreign Direct Investment (FDI) provides a more stable source of financing the CAD as compared to external During 2014-19, gross FDI to India has been robust as compared to the previous five years; the trend has continued in 2019-20 as well. In the first eight months of 2019-20, both gross and net FDI flows to the country have been more than the flows received in corresponding period of 2018-19.

Some highlighting points for the Financial Year 2019-20 are as follows:

> The year 2019 was a difficult year for the global economy with world output growth estimated to grow at its pace of 2.9 per cent since the global financial crisis of 2009, declining from a subdued 3.6 per cent in 2018 and 3.8 per cent in 2017.

> Amidst a weak environment for global manufacturing, trade and demand, the Indian economy slowed down with GDP growth moderating to 4.8 per cent in H1 of 2019-20, lower than 6.2 per cent in H2 of 2018-19.

> A sharp decline in real fixed investment induced by a sluggish growth of real consumption has weighed down growth from H2 of 2018-19 to H1 of 2019-20. Real consumption growth, however, has recovered in Q2 of 2019-20, cushioned by a significant growth in government final consumption.

> On the supply side, the deceleration in GVA growth has been contributed generally by all sectors save ‘Agriculture and allied activities and ‘Public administration, defence, and other services, whose growth in H1 of 2019-20 was higher than in H2 of 2018-19.

> Indias external sector gained further stability in H1 of 2019-20, with a narrowing of current account deficit (CAD) as percentage of GDP from 2.1 in 2018-19 to 1.5 in H1 of 2019-20, impressive foreign direct investment (FDI), rebounding of portfolio flows and accretion of foreign exchange reserves. Imports have contracted more sharply than exports in H1 of 2019-20, with easing of crude prices, which has mainly driven the narrowing of CAD.

> Headline inflation rose from 3.3 per cent in H1 of 2019-20 to 7.35 per cent in December 2019-20 on the back of temporary increase in food inflation, which is expected to decline by year end. Rise in CPI-core and WPI inflation in

December 2019-20 suggests building of demand pressure.

> The deceleration in GDP growth can be understood within the framework of a slowing cycle of growth. The financial sector acted as a drag on the real sector: investment-growth-consumption, as described in the Economic Survey of 2018-19.

> In an attempt to boost investment, consumption and exports, the government in 2019-20 has taken important reforms towards speeding up the insolvency resolution process under Insolvency and Bankruptcy Code (IBC), easing of credit, particularly for the stressed real estate and NBFC sectors, and announcing the National Infrastructure Pipeline 2019-2025 amongst other measures.

> Based on CSOs first Advance Estimates of Indias GDP growth for 2019-20 at 5 percent, an uptick in GDP growth is expected in H2 of 2019-20. The government must use its strong mandate to deliver expeditiously on reforms, which will enable the economy to strongly rebound in 2020-21.

Industry Structure and Development

Global crude steel production reached 1,869.9 million tonnes (Mt) for the year 2019, up by 3.4% compared to 2018. Crude steel production contracted in all regions in 2019 except in Asia and the Middle East.

Indias crude steel production for 2019 was 111.2 Mt, up by 1.8% on 2018 standing 2nd in the top steel producing countries after China which has produced 996.3 Mt for 2019.

World crude steel production was 443.0 Mt in the first three months of 2020, down by 1.4% compared to the same period in 2019, due to Covid 19 pandemic.

Reforms undertaken during 2019-20 to boost investment, consumption and exports:

Speeding up the insolvency resolution process under Insolvency and Bankruptcy Code (IBC).

Easing of credit, particularly for the stressed real estate and NBFC sectors.

The National Infrastructure Pipeline for the period FY 2020-2025 launched.

The expenditure on social services (health, education and others) by the Centre and States as a proportion of GDP increased from 6.2 per cent in 2014-15 to 7.7 per cent in 2019-20 (BE).

Indias ranking in Human Development Index (HDI) improved to 129 in 2018 from 130 in 2017, with 1.34 per cent average annual HDI growth.

Business Environment:

Indias economy in the Financial Year 2020-21 is projected to grow at a slower pace following a longer period of lockdown and slower rate of recovery than anticipated.

Since India depends largely on migrant labour, restarting construction and infrastructure projects will be a challenge. The demand from infrastructure, construction, and real estate sectors is likely to be subdued in the first half of the Financial Year 2020-21 due to the lockdown during the first quarter followed by the monsoons during the second quarter.

The level of growth is expected to remain below the pre Covid trend, with uncertainty about strength of the rebound. Since many steel producers are MSMEs, the current moratorium on term loans can be extended by another three months without penal interest. Such measures will help the sector survive todays harsh conditions. In sync with this, the Centre could consider offering relief on some levies imposed on steel-making raw materials.

These steps are imperative since Indias steel demand is expected to drop by 7.7% this year, according to the Indian Steel Associations forecast. For example, the automotive industry was one of the largest steel users. In April 2020, however, Indian automobile manufacturers did not sell a single car because of the lockdown – an unimaginable scenario before the sudden outbreak of the coronavirus. When automakers resume production, reports indicate they will ask steel mills to lower prices for the coming quarters between October and next March.

The World Economic Organization of October 2019 has estimated Indias economy to become the fifth largest in the world, as measured using GDP at current US$ prices, moving past United Kingdom and France. The size of the economy is estimated at US$ 2.9 trillion in 2019.

In July 2019, the Union Budget 2019-20 had articulated the vision of the Honble Prime Minister to make India a US$ 5 trillion economy by 2024-25. The march towards this milestone has, however, been challenged by less than expected growth of Indias GDP so far this year, on the back of a decline in world output. Yet, given Indias record of growth with macroeconomic stability over the last five years (annual average growth rate of 7.5 per cent and annual average inflation of 4.5 per cent), the economy is poised for a rebound towards the US$ 5 trillion goal

The liquidity condition of banks became comfortable after June 2019 and has remained healthy since then.

On a net assessment, it appears that the upside risks should prevail, particularly when the government, with a strong mandate, has the capacity to deliver expeditiously on reforms.

On a net assessment of both the downside/upside risks, Indias GDP growth is expected to grow, but considering the Covid 19 pandemic all over the World, its impact will certainly affect the overall economy.

The biggest barrier, however, is the collapse of demand from various industries. As most consumers have postponed discretionary spending, there is muted demand in all industries, barring essentials such as groceries and FMCGs. Be it white goods, capital goods, automobiles and a host of others, the demand from consumers has plummeted.

Also, demand bouncing back quickly to pre-COVID-19 levels is unlikely soon. As many verticals have laid-off workers, placed some on furlough or announced salary cuts, the overall consumer sentiment is against any spending, except on essentials. Considering that COVID-19 is expected to stay on as a seasonal flu, the prospects of an economic bounce back will be tempered accordingly. Consequently, individual and institutional spending are bound to remain lacklustre for a year or so at least.

Under such circumstances, it is up to the government to boost infrastructure investments across the country. This can become a key driver for Indias eventual economic recovery. Such infrastructure projects need to be fast-tracked for the steel sector to stabilise operations after the demand slump.

Financial Performance:

The top line of the Company for the Financial Year 2019-20 is Rs. 359.78 crores reduced by Rs. 130.73 crores in comparison for the Financial Year 2018-19, this dip is mainly on account of lesser capacity utilisation. However, due to various steps taken to reduce the cost which has resulted into stable EBIDTA level which is quite evident. EBIDTA for the

Financial Year 2019-20 is Rs. 26.09 crores versus Rs. 28.01 crores for the Financial Year 2017-18.

As conveyed in the last Annual General Meeting, that we have moved with lenders for restructuring of loans to suit the cash flow, is in implementation stage as all the Consortium banks has sanctioned the Restructuring Proposal. This will help to revive the companys performance in the coming years.

As the effective date of Restructuring is 01/01/2018, all the provisions done for the interest portion will get reversed from that date and it has direct positive impact on financials of the Company.

RISK, OPPORTUNITIES AND THREATS:

 

Opportunities:

Due to structural changes brought out by the present government, more particularly by introduction of GST (Goods & Service Tax). The whole Country has become one market, due to this sea change in taxation; our company sees seamless growth in the market for our products.

Our companies product namely Steel Wire, Wire Products, wire ropes & Copper products, has wide application in Infrastructure segment and same being the focus of our country for its growth, we see lot of opportunity for our products.

RISKS AND THREATS:

The risks which the Company may face are discussed as follows.

i) Present Pandemic Risk:

The rapid spread of Covid 19 since March 2020, has caught the whole world unaware of the risk. All are navigating the path of total uncertainty and this is the biggest risk for the Company going forward this Current Financial Year 2020-21.

ii) Health,Safety and Environment Risk:

The manufacture of steel wire involves processes that are potentially hazardous if not executed with due care. The business of the Company are subject to numerous laws, regulations and contractual commitments relating to health, safety of the staffs and laborers and the environment in the country and these rules and regulations are becoming more stringent. A better safety performance, not only enhances life and effectiveness of human and capital assets, but also improves their availability and reduces losses due to safety incidents.

To minimize the risk, and to enhance the health and safety of employees, our company is adhering to ISO. 18000 system.

iii) Technology Risk:

A key challenge before the Company is to ensure that its plants are equipped with updated technologies in order to serve clients better and secure cost competitiveness. To that effect, the management of the Company has continued to gear up the improving existing process so as to advance the groups cost competitive position.

The management upgrades the machineries with the latest improvements to cope up with the market demand and for development of the existing products. The company improves its product line to the next level in the competitive market.

iv) CurrencyRisk:

The Companys functional currency is Indian Rupees (INR). The Company undertakes transactions denominated in foreign currencies; consequently, exposure to exchange rate fluctuations arise. Volatility in exchange rates affects the Companys revenue from export markets and the costs of imports, primarily in relation to raw materials. The Company is exposed to exchange rate risk under its trade and debt portfolio. Adverse movements in the exchange rate between the Rupee and any relevant foreign currency results in increase in the Companys overall debt position in Rupee terms without the Company having incurred additional debt and favorable movements in the exchange rates will conversely result in reduction in the Companys receivables in foreign currency. The Companys currency exposures in respect of monetary items at March 31, 2020 & March 31, 2019 that result in net currency gains and losses in the income statement arise principally from movement in US Dollar and Euro exchange rates. Currently, this currency risk exposure is hedged with forward cover.

v) Financing Risk:

Our Company manages financial risks to maintain a prudent financing strategy, even when undertaking major investment, and therefore taking controlled risks in the area.

vi) Interest Risk

Interest rate risk is the risk that the fair value or future cash flows of a financial instrument will fluctuate because of changes in market interest rates. The Company floating interest rate borrowings and presentdoesnothaveany other Long term borrowings of the company are at fixed interest rate. Thus the company does not have any interest rate risk at present.

vii) Liq uidity Risks

Liqu idity Risk is defined as the risk that the company will not be able to settle or meet its obligations on time or at reasonable price. The Company is responsible for liquidity, funding as well as settlement management. In addition, processes and policies related to such risks are overseen by senior management. The Company monitors its liquidity risk and maintains a level of cash and cash equivalents deemed adequate by management to finance Companys present operations and to mitigate the effects of fluctuations in cash flows. has led to defaults in repayments and interest payment to lenders, for which the Company has approached Lenders for Restructuring and is in active consideration by the Financial Institution.

viii) Regulatory and Compliance Risk:

There are number of complex laws and regulations and multiple compliances to be complied with by the Company.

Further, unstable political system and frequent changes in investment and economic policies are common and any unforeseen change can expose the Companys business. This signifies the alignment of corporate performance objectives, while ensuring compliance with regulatory requirements.

RESEARCH& DEVELOPMENT

Your Companys Technology function continues to support the Companys growth strategy with focus on new capabilities/ technology development, development for substantially new products, feature enhancement of existing products and productivity improvement.

INFORMATION TECHNOLOGY

Your Company continues to be in forefront of leveraging relevant Information Technology trends to better facilitate the business and enhance the value proposition to its customers.

OUTLOOK

The COVID-19 pandemic has severely affected economies and industries globally and the steel industry is no exception.

The outlook for the Indian economy for the current fiscal seems to get bleaker by the day as major economic forums and institutions have of late revised the countrys GDP forecast downwards, with the International Monetary Fund (IMF) being the latest in the fray.

The IMF on June 24 projected a sharp contraction of 4.5% for the Indian economy in 2020, a "historic low," citing the unprecedented coronavirus pandemic that has nearly stalled all economic activities, but said the country is expected to bounce back in 2021 with a robust 6% growth rate.

It also reduced the growth forecast for the next fiscal by 0.2 percentage points to 7 per cent.

For Bedmutha Industries Ltd.

Vijay Vedmutha Chairman and Managing Director DIN: 00716056

Date: November 14, 2020 Place: Sinnar

 

Information pursuant to Section 197(12) of the Companies Act, 2013 read with Rule 5(1) of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014

I. The ratio of the remuneration of each director to the median remuneration of the employees for the financial year:

Sr. No. Name of KMP Designation Per cent increase in remuneration in the financial year (FY) 2019-20 Ratio of the remuneration of each director to the median remuneration of the employees for the financial year
1 Mr. Vijay Vedmutha Managing Director NIL 27.63
2 Mr. Ajay Vedmutha Managing Director NIL 27.63
3 Mrs. Vinita Vedmutha S-CEO NIL 27.63
4 Mr. Ajay Topale Company Secretary NIL N.A.

Note: Median remuneration of all the employees of the Company for the fiscal year 2019-20: Rs. 2.17 Lakhs.

* The Company has paid sitting fees to the Independent Directors which shall not be treated as remuneration under section 197 of the Companies Act, 2013.

II. The percentage increase in remuneration of each director, Chief Financial Officer, Chief Executive Company Secretary or Manager, if any, in the financial year;

- No increase in the remuneration of director, CFO, CEO, Company Secretary or manager, during the financial year 2019-20.

III. The percentage increase in the median remuneration of employees in the fiscal year:

- During the financial year 2019-20, there is (3.44%) increase in the median remuneration of the employees.

IV. The number of permanent employees on the payrolls of the Company as on March 31, 2020

- No. of Employees 543.

V. The average percentile increase already made in the salaries of the employees other than the managerial personnel in the last fiscal year and its comparison with the percentile increase in the managerial remuneration:

- No increase in the salaries of the employees during the last fiscal year.

VI. Remuneration is as per the remuneration policy of the Company.

- The Company has implemented and uploaded the Remuneration policy on its website (www.bedmutha.com) and the remuneration paid to its Directors, KMP and other employees are in conformity with this policy

1. Statement under Section 197 (12) of Companies Act, 2013, read with the Companies (Appointment and Remuneration of Managerial Personnel) Rules 2014 and forming part of Directors Report for the year ended March 31, 2019.

Sr. No Name of the employee Date of Joining Designation Qualification Age Experience (In years) Remuneration* (in ) per annum Last Employment The percentage of equity shares held by the employee in the Company whether any such employee is a relative of any director or manager of the Company and if so, name of such director or manager
1. Mr. K. R. Bedmutha 1 From Inception Chairman Emeritus Engineer 84 40+ 22,19,444 NIL 9.55% Mr. Vijay Vedmutha, Mr. Ajay Vedmutha, Mrs. Vinita Vedmutha
2. Mr. Vijay Vedmutha From Inception Managing Director Industrial & Production Engineer 56 20+ 60,00,000 NIL 13.97% Mr. K. R. Bedmutha, Mr. Ajay Vedmutha, Mrs. Vinita Vedmutha
3. Mr. Ajay Vedmutha From Inception Managing Director & CFO Mechanical Engineer 53 18+ 60,00,000 NIL 14.17% Mr. K. R. Bedmutha, Mr. Vijay Vedmutha, Mrs. Vinita Vedmutha
4. Mrs. Vinita Vedmutha From Inception CEO Engineer 52 15+ 50,00,004 NIL 6.82 Mr. K. R. Bedmutha, Mr. Vijay Vedmutha, Mr. Ajay Vedmutha,
5 Mr. Sibasis M Bhadra 01-06-2008 Marketing Head (Sinnar SBU) BE(Mech), DBM 56 30 19,07,483 Usha Martin NIL NIL
6 Mr. Sanjay M Shinde 01-03-2009 SCM Head BE(Mech) 42 15 19,01,946 Cobit Engineering NIL NIL
7 Mr. Ajay Topale 14-08-2018 Company Secretary CS,B.Com 32 8 6,91,458 Marvel Group NIL NIL

2. Employed for the part of the year and were in receipt of remuneration at the rate of not less than 8,50,000/- per month

Sr. No Name of the employee Date of Joining Designation Qualification Age Experience (In years) Remuneration* (in Rs.) per annum Last Employment The percentage of equity shares held by the employee in the Company whether any such employee is a relative of any director or manager of the Company and if so, name of such director or manager
1 NIL

3. Employed throughout the financial year and were in receipt of remuneration in the agreegate was not less than1.02 Crores per annum

Sr. No Name of the employee Date of Joining Designation Qualification Age Experience (In years) Remuneration* (in Rs.) per annum Last Employment The percentage of equity shares held by the employee in the Company whether any such employee is a relative of any director or manager of the Company and if so, name of such director or manager
1 NIL

Form AOC-I

( Pursuant to first proviso to sub section (3) of section 129 read with rual 5 of Companies (Accounts) Ruals , 2014 )

Statement containing salient features of the financial statement of Subsidiaries /Associate companys /Joint ventures.

Part "A" : Subsidiary

1 Sr. No. 1
2 Name of Subsidiary Kamalasha Infrastructure & Engineering Pvt.Ltd.
3 The date since when subsidiary was acquired July 27, 2009
4 Financial year ending March 31, 2020
5 Reporting currency and exchange rate as on last date of the relevant Financial year in the case of foreign subsidiaries. Indian Rupees
6 Share Capital 99.00
7 Reserves & Surplus (123.01)
8 Total Assets 926.86
9 Total Liabilities 950.86
10 Investment -
11 Turnover 345.65
12 Profit Before taxation 29.22
13 Provision for taxation 8.06
14 Profit after taxation 21.16
15 Proposed Dividend -
16 % of Shareholding 54.75%

Note : No subsidiaries have been liquidated or sold during the year.

Part "B" : Associate / Joint Venture

Name of Associate / Joint Venture Ashoka Pre-con Pvt. Ltd.
1 Latest Audited Balance Sheet Date : March 31, 2020
2 Date on which the Associate or Joint Venture was associated or acquired December 22, 2008
3 Share of Associate / Joint Ventures held by the company on the year end
Number of Shares : 21,99,070
Amount of Investment in associates / Joint venture ( Rs. in Lakhs) : 318.19
Extend of Holding % : 49%
4 Descripation of how there is significant influence : Associate
5 Reason why the associate / Joint venture is not consolidated : Consolidated
6 Networth Attributable to Shareholding as per latest sudited Balance Sheet ( Rs. in Lakhs) : 361.59
7 Profit / (Loss) for the year ( Rs. in Lakhs) (1.73)
I] Consideraed in consolidation ( Rs. in Lakhs) - 49% : (0.85)
II] not Consideraed in consolidation ( Rs. in Lakhs) - 51% : (0.88)
For and on behalf of Board of Directors
Bedmutha Industries Ltd.
Vijay Vedmutha
Chairman & Managing Director
DIN: 00716056
Date: September 10, 2020
Place: Sinnar

( Persuant to clause (h) of Sub-section (3) of section 134 of the Act read with rule 8(2) of the companies (Accounts) rules, 2014 )

Form for disclosure of particulars of contracts / arrangement entered into by the company with related parties refered to in sub-section (1) of section 188 of the Companies Act , 2013 including certain arms length transactions under third proviso thereto

 

1. Details of contracts or arrangements or transaction not at arms length basis

(a) Name(s) of the related party and nature of relationship :-
(b) Nature of contaracts/ arrangements/transactions :-
(c) Duration of the contacts / arrangements/transactions :-
(d) Salient terms of the contracts or arrangements or transactions including the value , if any :-
(e) Justification for entering into such contracts or arrangements or transactions

Applicable Not

(f) Date(s) of Approval by the Board :-
(g) Amount paid as advances , if any :-
(h) Date on which the special resoluation was passed in General Metting as required under first proviso to Section 188 :-

2. Details of Material contracts or arrangements or transaction at arms length basis

(a) Name(s) of the related party and nature of relationship Kamalsha Infrastructure & Engineering Pvt. Ltd.
(b) Nature of contaracts/ arrangements/transactions Sale and purchase of wire, wire products and allied products. Availing from and rendering services to the Company.
(c) Duration of the contacts / arrangements/transactions 5 years
(d) Salient terms of the contracts or arrangements or transactions including the value , if any. The quality and durability of the materials transacted and effective and efficient services promoted the Company to enter into the contract/ transaction/ arrangment with the related party.
(e) Date(s) of Approval by the Board , if any. May 22, 2015
(f) Amount paid as advances , if any. Rs. 461.32 Lakhs
For and on behalf of Board of Directors
Bedmutha Industries Ltd.
Vijay Vedmutha
Chairman & Managing Director
DIN: 00716056
Date: September 10, 2020
Place: Sinnar

Form No. MGT-9

EXTRACT OF ANNUAL RETURN

As on the Financial Year ended on March 31, 2020

[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 L31200MH1990PLC057863
ii) Registration Date 23/08/1990
iii) Name of the Company BEDMUTHA INDUSTRIES LIMITED
iv) Category / Sub-Category of the Company Indian Non-Government Company
v) Address of the Registered office and contact detailsA-70/71/72, STICE, SINNAR, Musalgaon MIDC,
Dist. Nashik – 422112, Maharashtra
vi) Whether listed company Yes
vii) Name, Address and Contact details of Registrar and Transfer Agent, if any Universal Capital Securities Pvt. Ltd. C 101, 247 Park, LBS Road, Vikhroli West, Mumbai – 400083

II. PRINCIPAL BUSINESS ACTIVITIES OF THE COMPANY

All the business activities contributing 10 % or more of the total turnover of the company 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 Manufacture of wire of steel by cold drawing or stretching 241241024108 61.33
2 Manufacture of Copper from ore, and other copper products and alloys 242242024201 35.94

III. PARTICULARS OF HOLDING, SUBSIDIARY AND ASSOCIATE COMPANIES -

S. N0. NAME AND ADDRESS OF THE COMPANY CIN/GLN HOLDING/ SUBSIDIARY/ ASSOCIATE % of shares held Applicable Section
1 Kamalasha Infrastructure & Engineering Private Ltd. Address: Plot No. D-11, MIDC, Satpur, Nashik – 422 007 Maharashtra * Pursuant to restructuring, the BODs disinvested of the entire investment of 5,42,000 equity shares in subsidiary on 22 September 2020, consequently, by Kamalasha Infrastructure & Engineering Private Ltd. ceased to be the companys subsidiary. U45200MH2007PTC167532 Subsidiary 54.75 2(87)(ii)
2 Ashoka Pre-Con Pvt. Ltd Address: "Ashoka House, Ashoka Marg, Wadala, Nashik – 422 011 Maharashtra U26940MH2008PTC187764 Associate 49.00 2(6)

IV. SHARE HOLDING PATTERN

(Equity Share Capital Breakup as percentage of Total Equity) (i) Category-wise Share Holding

No. of shares held at the beginning of the year

No. of shares held at the end of the year

Cate gory code Category of Shareholder Demat Physical Total % of Total Shares Demat Physical Total % of Total Shares %change during the year
(A) Promoters
1 Indian
(a) Individuals/ Hindu 13892545 0 13892545 56.63 13892545 0.00 13892545 56.63 0.00
Undivided Family
(b) Central Govt(s) 0 0 0 0.00 0 0.00 0 0.00 0.00
(c) State Govt(s) 0 0 0.00 0 0.00 0.00
(d) Bodies Corporate 3603560 3603560 14.69 3603560 3603560 14.69 0.00
(e) Banks / FI 0 0.00 0 0.00 0.00
(f) Any Others(Specify)
(e-i)
(e-ii)
Sub Total(A)(1) 17496105 0 17496105 71.32 17496105 0 17496105 71.32 0.00
2 Foreign
a NRIs - Individuals 0 0.00 0 0.00 0.00
b Other Individuals 0 0.00 0 0.00 0.00
c Bodies Corporate 0 0.00 0 0.00 0.00
d Banks / FI 0 0.00 0 0.00 0.00
e Any Others(Specify)
e-i
e-ii
Sub Total(A)(2) 0 0 0 0.00 0 0 0 0.00 0.00
Total Shareholding of Promoter (A)= (A) (1)+(A)(2) 17496105 0 17496105 71.32 17496105 0 17496105 71.32 0.00
(B) Public shareholding
1 Institutions
(a) Mutual Funds 0 0.00 0 0 0.00 0.00
(b) Banks / FI 0 0.00 0 0.00 0 0 0 0.00 0.00
(c) Central Govt(s) 0 0.00 0 0.00 0.00
(d) State Govt(s) 0 0.00 0 0.00 0.00
(e) Venture Capital Funds 0 0.00 0 0.00 0.00
(f) Insurance Companies 0 0.00 0 0.00 0.00
(g) FIIs 0 0 0.00 0 0 0 0.00 0.00
(h) Foreign Venture 0 0.00 0 0.00 0.00
Capital Funds
(i) Any Other (specify)
(i-ii)
(i-ii)
Sub-Total (B)(1) 0 0 0 0.00 0 0 0 0.00 0.00
B 2 Non-institutions
(a) Bodies Corporate 1354353 0.00 1354353 5.52 981705 0.00 981705 4.00 -1.52
(i) Indian 0 0.00 0 0.00 0.00
(ii) Overseas 0 0.00 0 0.00 0.00
(b) Individuals
(i) Individual shareholders holding nominal share capital up to Rs 1 lakh 3183469 5336 3188805 13.00 3101248 5336 3106584 12.66 -0.34
(ii) Individual shareholders holding nominal share capital in excess of Rs. 1 lakh. 2205478 10667 2216145 9.03 2817649 10667 2828316 11.53 2.50
(c) Others (specify)
(i) Clearing Members 164229 0 164229 0.67 61404 0 61404 0.25 -0.42
(ii) Trusts 0 0.00 0 0.00 0.00
(iii) NRI / OCBs 111974 0 111974 0.46 57050 0 57050 0.23 -0.22
(iv) Foreign Nationals 0 0.00 0 0.00 0.00
(v) Foreign Corporate Body 0 0.00 0 0.00 0.00
(vi) NBFC Registered with RBI 0 0 0 0.00 147 147 0.00 0.00
(vii) LLP\Partnership Firm 0 0.00 300 300 0.00 0.00
Sub-Total (B)(2) 7019503 16003 7035506 28.68 7019503 16003 7035506 28.68 0.00
(B) Total Public 7019503 16003 7035506 28.68 7019503 16003 7035506 28.68 0.00
Shareholding (B)= (B)(1)+(B)(2) TOTAL (A)+(B) 24515608 16003 24531611 100.00 24515608 16003 24531611 100.00 0.00
(C) Shares held by Custodians for GDRs & ADRs 0.00 0.00
GRAND TOTAL (A)+(B)+(C) 24515608 16003 24531611 100.00 24515608 16003 24531611 100.00 0.00

(ii) Shareholding of Promoters & Promoters Group (A) Shareholding of Promoters

Sl. No. Shareholders Name

Shareholding at the beginning of the year

Shareholding at the end of the year

% change in share holding during the year
No. of Shares % of total Shares of the company No. of Shares Pledged / encumbered to total shares No. of Shares % of total Shares of the company No. of Shares Pledged / encumbered to total shares
1 AJAY KACHARDAS VEDMUTHA 34,76,464 14.17 29,44,426 34,76,464 14.17 29,44,426 0.00
2 KACHARDAS RATANCHAND BEDMUTHA 23,41,973 9.55 12,61,897 23,41,973 9.55 12,61,897 0.00
3 VIJAY KACHARDAS VEDMUTHA 34,27,232 13.97 29,44,426 34,27,232 13.97 29,44,426 0.00
TOTAL 92,45,669 37.69 71,50,749 1,41,48,042 57.68 71,50,749 0.00

(B) Shareholding of Promoters Group

Sl. Shareholders Name

Shareholding at the beginning of the year

Shareholding at the end of the year

% change in share holding during the year
No. of Shares % of total Shares of the company No. of Shares Pledged / encumbered to total shares No. of Shares % of total Shares of the company No. of Shares Pledged / encumbered to total shares
1 KAMALABAI KACHARDAS BEDMUTHA 12,77,313 5.21 NIL 12,77,313 5.21 NIL 0.00
2 VINITA AJAY VEDMUTHA 16,72,148 6.82 NIL 16,72,148 6.82 NIL 0.00
3 K R BEDMUTHA TECHNO ASSOCIATES PVT. LTD. 3,63,662 1.48 NIL 3,63,662 1.48 NIL 0.00
4 YASH VIJAY VEDMUTHA 23,901 0.10 NIL 23,901 0.10 NIL 0.00
5 DIVYA AJAY VEDMUTHA 11,039 0.04 NIL 11,039 0.04 NIL 0.00
6 USHA VIJAY VEDMUTHA 16,62,475 6.78 NIL 16,62,475 6.78 NIL 0.00
7 BEDMUTHA SONS REALTY VENTURES PVT. LTD. 32,39,898 13.21 NIL 32,39,898 13.21 NIL 0.00
TOTAL 82,50,436 33.63 NIL 82,50,436 33.63 NIL 0.00

(iii) Change in Promoters and Promoters Group Shareholding (please specify, if there is no change) (A) Change in Promoters Shareholding (please specify, if there is no change)

Sl. No. Name of Promoters Date Reason for transfer

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 AJAY KACHARDAS VEDMUTHA
At the beginning of the year 34,76,464 14.17
Date wise Increase / Decrease in NIL No change - 0.00 34,76,464 14.17
Shareholding during the year specifying the reasons for increase /decrease (e.g. allotment / transfer / bonus / sweat equity etc):
At the end of the year 34,76,464 14.17
2 KACHARDAS RATANCHAND BEDMUTHA
At the beginning of the year 23,41,973 9.55
Date wise Increase / Decrease in NIL No change - 0.00 23,41,973 9.55
Shareholding during the year specifying the reasons for increase /decrease (e.g. allotment / transfer / bonus / sweat equity etc):
At the end of the year 23,41,973 9.55
3 VIJAY KACHARDAS VEDMUTHA
At the beginning of the year 34,27,232 13.97
Date wise Increase / Decrease in NIL No change - 0.00 34,27,232 13.97
Shareholding during the year specifying the reasons for increase /decrease (e.g. allotment / transfer / bonus / sweat equity etc):
At the end of the year 34,27,232 13.97

(B) Change in Promoters Group Shareholding (please specify, if there is no change)

Sl. No. Name of Promoters Date Reason for transfer

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 K R BEDMUTHA TECHNO ASSOCIATES
PVT. LTD.
At the beginning of the year 3,63,662 1.48
Date wise Increase / Decrease in Shareholding during the year specifying the reasons for increase /decrease (e.g. allotment / transfer / bonus / sweat equity etc): NIL No change - 0.00 3,63,662 1.48
At the end of the year 3,63,662 1.48
2 KAMALABAI KACHARDAS BEDMUTHA
At the beginning of the year 12,77,313 5.21
Date wise Increase / Decrease in Shareholding during the year specifying the reasons for increase /decrease (e.g. allotment / transfer / bonus / sweat equity etc): NIL No change - 0.00 12,77,313 5.21
At the end of the year 12,77,313 5.21
3 VINITA AJAY VEDMUTHA
At the beginning of the year 16,72,148 6.82
Date wise Increase / Decrease in Shareholding during the year specifying the reasons for increase /decrease (e.g. allotment / transfer / bonus / sweat equity etc): NIL No change - 0.00 16,72,148 6.82
At the end of the year 16,72,148 6.82
4 YASH VIJAY VEDMUTHA
At the beginning of the year 23,901 0.10
Date wise Increase / Decrease in Shareholding during the year specifying the reasons for increase /decrease (e.g. allotment / transfer / bonus / sweat equity etc): NIL No change - 0.00 23,901 0.10
At the end of the year 23,901 0.10
5 DIVYA AJAY VEDMUTHA
At the beginning of the year 11,039 0.04
Date wise Increase / Decrease in Shareholding during the year specifying the reasons for increase /decrease (e.g. allotment / transfer / bonus / sweat equity etc): NIL No change - 0.00% 11,039 0.04%
At the end of the year 11,039 0.04%
6 BEDMUTHA SONS REALTY VENTURES
PVT. LTD.
At the beginning of the year 32,39,898 13.21
Date wise Increase / Decrease in Shareholding during the year specifying the reasons for increase /decrease (e.g. allotment / transfer / bonus / sweat equity etc): NIL No change - 0.00 32,39,898 13.21
At the end of the year 32,39,898 13.21
7 USHA VIJAY VEDMUTHA
At the beginning of the year 16,62,475 6.78
Date wise Increase / Decrease in Shareholding during the year specifying the reasons for increase /decrease (e.g. allotment / transfer / bonus / sweat equity etc): NIL No change - 0.00 16,62,475 6.78
At the end of the year 16,62,475 6.78

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

Sl. No Name of the shareholder Shareholding at the beginning of the year Cumulative Shareholding during the year
1 SRI GBK RESOURCES PVT LTD No. of shares % of total shares of the company No. of shares % of total shares of the company
At the beginning of the year 300026 1.22
Date wise Increase / Decrease in Shareholding during the year specifying the reasons for increase / decrease (e.g. allotment / transfer / bonus/ sweat/equity etc
Date Reason
06/04/2018 Transfer 4947 0.02 304973 1.24
13/04/2018 Transfer 95 0 305068 1.24
20/04/2018 Transfer -8500 -0.03 296568 1.21
04/05/2018 Transfer 2801 0.01 299369 1.22
11/05/2018 Transfer 11851 0.05 311220 1.27
15/06/2018 Transfer -10500 -0.04 300720 1.23
22/06/2018 Transfer -105 0 300615 1.23
30/06/2018 Transfer -3684 -0.02 296931 1.21
06/07/2018 Transfer 2131 0.01 299062 1.22
20/07/2018 Transfer -10245 -0.04 288817 1.18
03/08/2018 Transfer 1520 0.01 290337 1.18
10/08/2018 Transfer -15000 -0.06 275337 1.12
17/08/2018 Transfer 9798 0.04 285135 1.16
24/08/2018 Transfer 4045 0.02 289180 1.18
31/08/2018 Transfer 1817 0.01 290997 1.19
14/09/2018 Transfer -119 0 290878 1.19
21/09/2018 Transfer -125000 -0.51 165878 0.68
29/09/2018 Transfer -89594 -0.37 76284 0.31
12/10/2018 Transfer 15431 0.06 91715 0.37
02/11/2018 Transfer 14035 0.06 105750 0.43
16/11/2018 Transfer 1672 0.01 107422 0.44
23/11/2018 Transfer -9802 -0.04 97620 0.4
30/11/2018 Transfer -5106 -0.02 92514 0.38
07/12/2018 Transfer 8050 0.03 100564 0.41
31/12/2018 Transfer -2192 -0.01 98372 0.4
04/01/2019 Transfer -2 0 98370 0.4
11/01/2019 Transfer -970 0 97400 0.4
18/01/2019 Transfer 1025 0 98425 0.4
01/02/2019 Transfer 2900 0.01 101325 0.41
08/02/2019 Transfer 5052 0.02 106377 0.43
15/02/2019 Transfer 3000 0.01 109377 0.45
01/03/2019 Transfer 1922 0.01 111299 0.45
15/03/2019 Transfer 2694 0.01 113993 0.46
22/03/2019 Transfer -2803 -0.01 111190 0.45
30/03/2019 Transfer 5513 0.02 116703 0.48
At the End of the year (or on the date of separation, if separated during the year 116703 0.48
2 MARGO ENGINEERS PVT LTD
At the beginning of the year 238774 0.97
At the End of the year (or on the date of separation, if separated during the year 238774 0.97
3 SANMATI CREDIT CAPITAL PVT. LTD.
At the beginning of the year 180161 0.73
22/06/2018 Transfer -519 0 179642 0.73
06/07/2018 Transfer -100 0 179542 0.73
13/07/2018 Transfer -100 0 179442 0.73
27/07/2018 Transfer -5200 -0.02 174242 0.71
03/08/2018 Transfer -2964 -0.01 171278 0.7
10/08/2018 Transfer -4000 -0.02 167278 0.68
21/09/2018 Transfer -10000 -0.04 157278 0.64
29/09/2018 Transfer -16628 -0.07 140650 0.57
30/11/2018 Transfer -4000 -0.02 136650 0.56
At the End of the year (or on the date of separation, if separated during the year 136650 0.56
SUMAN FOGLA
4 At the beginning of the year 153000 0.62
22/02/2019 Transfer -16200 -0.07 136800 0.56
01/03/2019 Transfer -10000 -0.04 126800 0.52
22/03/2019 Transfer -44105 -0.18 82695 0.34
At the End of the year (or on the date of separation, if separated during the year 82695 0.34
5 MANISH CHANDULAL BOTHRA
At the beginning of the year 127071 0.52
06/04/2018 Transfer -81 0 126990 0.52
13/04/2018 Transfer 126 0 127116 0.52
20/04/2018 Transfer -1650 -0.01 125466 0.51
27/04/2018 Transfer 250 0 125716 0.51
04/05/2018 Transfer 750 0 126466 0.52
18/05/2018 Transfer 1144 0 127610 0.52
25/05/2018 Transfer 690 0 128300 0.52
01/06/2018 Transfer -79 0 128221 0.52
08/06/2018 Transfer 500 0 128721 0.52
15/06/2018 Transfer -3000 -0.01 125721 0.51
22/06/2018 Transfer -250 0 125471 0.51
30/06/2018 Transfer 395 0 125866 0.51
06/07/2018 Transfer 3500 0.01 129366 0.53
20/07/2018 Transfer 500 0 129866 0.53
27/07/2018 Transfer 250 0 130116 0.53
03/08/2018 Transfer -250 0 129866 0.53
10/08/2018 Transfer -4749 -0.02 125117 0.51
24/08/2018 Transfer 750 0 125867 0.51
31/08/2018 Transfer 1200 0 127067 0.52
07/09/2018 Transfer 1000 0 128067 0.52
14/09/2018 Transfer -2000 -0.01 126067 0.51
21/09/2018 Transfer -1553 -0.01 124514 0.51
29/09/2018 Transfer -2050 -0.01 122464 0.5
05/10/2018 Transfer 2700 0.01 125164 0.51
12/10/2018 Transfer -350 0 124814 0.51
19/10/2018 Transfer 250 0 125064 0.51
26/10/2018 Transfer -300 0 124764 0.51
02/11/2018 Transfer 172 0 124936 0.51
16/11/2018 Transfer 3078 0.01 128014 0.52
23/11/2018 Transfer -2116 -0.01 125898 0.51
30/11/2018 Transfer -2750 -0.01 123148 0.5
07/12/2018 Transfer 750 0 123898 0.51
14/12/2018 Transfer 1554 0.01 125452 0.51
21/12/2018 Transfer 1250 0.01 126702 0.52
31/12/2018 Transfer 500 0 127202 0.52
04/01/2019 Transfer 1275 0.01 128477 0.52
11/01/2019 Transfer -1700 -0.01 126777 0.52
18/01/2019 Transfer -500 0 126277 0.51
25/01/2019 Transfer -15 0 126262 0.51
01/02/2019 Transfer 250 0 126512 0.52
08/02/2019 Transfer 250 0 126762 0.52
15/02/2019 Transfer 1463 0.01 128225 0.52
22/02/2019 Transfer 1156 0 129381 0.53
01/03/2019 Transfer 2297 0.01 131678 0.54
08/03/2019 Transfer 1750 0.01 133428 0.54
15/03/2019 Transfer 375 0 133803 0.55
30/03/2019 Transfer 500 0 134303 0.55
At the End of the year (or on the date of separation, if separated during the year 134303 0.55
6 WISE INVESTMENTS PVT. LTD.
At the beginning of the year 100000 0.41
At the End of the year (or on the date of separation, if separated during the year 100000 0.41
7 OVERALL FINANCIAL CONSULTANTS PVT. LTD.
At the beginning of the year 95534 0.39
At the End of the year (or on the date of separation, if separated during the year 95534 0.39
8 RASIK MOTILAL SHETIYA
At the beginning of the year 89195 0.36
06/04/2018 Transfer -5000 -0.02 84195 0.34
20/04/2018 Transfer -15000 -0.06 69195 0.28
27/04/2018 Transfer 4940 0.02 74135 0.3
11/05/2018 Transfer 2560 0.01 76695 0.31
25/05/2018 Transfer 2250 0.01 78945 0.32
01/06/2018 Transfer 2750 0.01 81695 0.33
15/06/2018 Transfer -5000 -0.02 76695 0.31
07/09/2018 Transfer 903 0 77598 0.32
14/09/2018 Transfer 194 0 77792 0.32
21/09/2018 Transfer -1347 -0.01 76445 0.31
29/09/2018 Transfer -2250 -0.01 74195 0.3
05/10/2018 Transfer 2000 0.01 76195 0.31
12/10/2018 Transfer -292 0 75903 0.31
30/11/2018 Transfer -1173 0 74730 0.3
07/12/2018 Transfer 965 0 75695 0.31
31/12/2018 Transfer 999 0 76694 0.31
15/02/2019 Transfer 1 0 76695 0.31
22/02/2019 Transfer 99 0 76794 0.31
At the End of the year (or on the date of separation, if separated during the year 76794 0.32
9 BHAVNA CHANDRESH MEHTA
At the beginning of the year 86666 0.35
At the End of the year (or on the date of separation, if separated during the year 86666 0.35
10 BHARAT VASANT LODHA
At the beginning of the year 85540 0.35
At the End of the year (or on the date of separation, if separated during the year 85540 0.35
11 MANOJ FOGLA
At the beginning of the year 64700 0.26
20/04/2018 Transfer 37722 0.15 102422 0.42
11/05/2018 Transfer 23000 0.09 125422 0.51
25/05/2018 Transfer 9000 0.04 134422 0.55
01/06/2018 Transfer 10000 0.04 144422 0.59
06/07/2018 Transfer 5578 0.02 150000 0.61
03/08/2018 Transfer 8000 0.03 158000 0.64
At the End of the year (or on the date of 158000 0.64
separation, if separated during the year
12 BIMAL FOGLA
At the beginning of the year 64000 0.26
At the End of the year (or on the date of separation, if separated during the year 64000 0.26

NOTE: The above information is based on the weekly beneficiary position received from depositories.

(v) Shareholding of Directors and Key Managerial Personnel:

Sl. No. For Each of the KMP Date Reason for transfer

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 MR. AJAY KACHARDAS VEDMUTHA
At the beginning of the year 34,76,464 14.17
Date wise Increase / Decrease in Shareholding during the year specifying the reasons for increase /decrease (e.g. allotment / transfer / bonus / sweat equity etc): NIL No change 0 0.00 34,76,464 14.17
At the end of the year 34,76,464 14.17
2 MR. VIJAY KACHARDAS VEDMUTHA
At the beginning of the year 34,27,232 13.97
Date wise Increase / Decrease in Shareholding during the year specifying the reasons for increase /decrease (e.g. allotment / transfer / bonus / sweat equity etc): NIL No change 0 0.00 34,27,232 13.97
At the end of the year 34,27,232 13.97
3 MRS. VINITA AJAY VEDMUTHA
At the beginning of the year 16,72,148 6.82
Date wise Increase / Decrease in Shareholding during the year specifying the reasons for increase /decrease (e.g. allotment / transfer / bonus / sweat equity etc): NIL No change 0 0.00 16,72,148 6.82
At the end of the year 16,72,148 6.82
4 MR. NARAYAN KADU
At the beginning of the year 0 0.00
Date wise Increase / Decrease in Shareholding during the year specifying the reasons for increase /decrease (e.g. allotment / transfer / bonus / sweat equity etc): NIL No change 0 0.00 0 0.00
At the end of the year 0 0.00
5 MRS. VANDANA SONAWANEY
At the beginning of the year 0 0.00
Date wise Increase / Decrease in Shareholding during the year specifying the reasons for increase /decrease (e.g. allotment / transfer / bonus / sweat equity etc): NIL No change 0 0.00 0 0.00
At the end of the year 0 0.00
6 MR. V. B. JOSHI
At the beginning of the year 0 0.00
Date wise Increase / Decrease in Shareholding during the year specifying the reasons for increase /decrease (e.g. allotment / transfer / bonus / sweat equity etc): NIL No change 0 0.00 0 0.00
At the end of the year 0 0.00
7 MR. SHREEKRISHNA MARATHE1
At the beginning of the year 0 0.00
Date wise Increase / Decrease in Shareholding during the year specifying the reasons for increase /decrease (e.g. allotment / transfer / bonus / sweat equity etc): NIL No change 0 0.00 0 0.00
At the end of the year 0 0.00
8 MR. AJAY TOPALE
At the beginning of the year 0 0.00
Date wise Increase / Decrease in Shareholding during the year specifying the reasons for increase /decrease (e.g. allotment / transfer / bonus / sweat equity etc): NIL No change 0 0.00 0 0.00
At the end of the year 0 0.00

1. Mr. Shreekrishna Marathe (DIN: 08691908) appointed as Additional Director (Non-Executive & Independent) w.e.f. April 01, 2020

V. INDEBTEDNESS

Indebtedness of the Company including interest outstanding / accrued but not due for payment:-

Secured Loans Excluding Deposits Unsecured Loans Deposits Secured Cash Credit Accounts Total Indebtedness
Indebtedness at the beginning
of the Financial Year
i ) Principal Amount 2,621,841,112 60,061,853 2,409,641,734 5,091,544,699
ii ) Interest due but not paid 300,511,781 227,137,364 527,649,144
iii ) Interest accrued but not due 18,310 640,183 658,493
Total ( i+ii+iii ) 2,922,371,203 60,061,853 - 2,637,419,281 5,619,852,336
Change in Indebtedness at the end of the Financial Year
i ) Addition 318,018,019 35,085,955 438,933,581.49 792,037,556
ii ) Reduction 190,535,447 35,731,532 235,691,519.58 461,958,498
Net Change 127,482,573 (645,577) - 203,242,062 330,079,058
Indebtedness at the end of the Financial Year
i ) Principal Amount 2,551,802,984 59,416,276 2,440,583,073.07 5,051,802,333
ii ) Interest due but not paid 498,032,481 399,438,087.19 897,470,568
iii ) Interest accrued but not due 18,310 640,183.00 658,493
Total ( i+ii+iii ) 3,049,853,775 59,416,276 - 2,840,661,343 5,949,931,394

VI. REMUNERATION OF DIRECTORS AND KEY MANAGERIAL PERSONNEL A. Remuneration to Managing Director, Whole-time Directors and/or Manager:

Sr. no. Particulars of Remuneration

Name of MD/WTD/ Manager

Total Amount
Name of Director Designation Mr. V.K. Vedmutha MD Rs. ( ) Mr. A. K. Vedmutha MD Rs. ( ) (Rs.)
1 Gross salary (a) Salary as per provisions contained in section 17(1) of the Income- tax Act, 1961 60,00,000 60,00,000 1,20,00,000
(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) 60,00,000 60,00,000 1,20,00,000
Ceiling as per the Act

As per Schedule V of the Companies Act

B. Remuneration to other directors:

Sl. no. Particulars of Remuneration

Name of Directors

Total
Mr. N. M. Kadu Mr. Vasant. B. Joshi Mrs. Vandana Sonawaney Mr. Shreekrishna Marathe* Amount
Independent Directors
Fee for attending Board / Committee
Meetings
Commission 1,50,000 1,90,000 80,000 0 4,20,000
Others, please specify
Total (1) 1,50,000 1,90,000 80,000 0 4,20,000
Other Non-Executive Directors
Fee for attending board / committee 0 0 0 0 0
Meetings
Commission
Others, please specify
Total (2) 0 0 0 0 0
Total (B)=(1+2) 1,50,000 1,90,000 80,000 0 4,20,000
Total Managerial Remuneration Overall Ceiling as per the Act

Sitting Fees paid to Independent Directors does not exceed overall limit as per the act, Rs. 1,00,000 per meeting including Committee Meetings.

* Mr. Shreekrishna Marathe (DIN: 08691908) appointed as Additional Director (Non-Executive & Independent) w.e.f. April 01, 2020.

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

Sl. no. Particulars of

Key Managerial Personnel

Remuneration CEO Mrs. V. A. Vedmutha CFO Mr. A. K. Vedmutha Company Secretary Mr. Ajay Topale Total
1 Gross salary 50,00,004 As Above 6,75,584 56,75,588
(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 50,00,004 - 6,75,84 56,75,588

VII. PENALTIES / PUNISHMENT/ COMPOUNDING OF OFFENCES:

Type Section of the Companies Act Brief Description Details of Penalty / Punishment/ Compounding fees imposed Authority [RD / NCLT/ COURT] Appeal made, if any (give Details)
A. Company
Penalty
Punishment NIL
Compounding
B. DIRECTORS
Penalty
Punishment NIL
Compounding
C. OTHER OFFICERS IN DEFAULT
Penalty
Punishment NIL
Compounding

For and on behalf of Board of Directors

BEDMUTHA INDUSTRIES LIMITED

Vijay Vedmutha Chairman& Managing Director DIN:00716056

Date: November 14th, 2020

Place: Sinnar

ANNEXURE-7

A. CONSERVATION OF ENERGY

a) Energy conservation measure taken:

DX chilling system is replaced by chilled water system .DX system – 1.25 kw/TR & Chilled water system – 0.8 KW/TR .DX – 361350 unit /year , chilled water system – 210240 Units/year

b) Additional investments and proposals, if any, being implemented for reduction of consumption of energy:

1) Chilled water system for room cooling to be install at RWD panel room.

2) Heat recovery system is to be install for flux bath heater in-place of 36 KW existing electrical heater.

c) Impact of measures at (a) and (b) above for reduction of energy consumption and consequent impact on the cost of production of goods:

1) Power consumption per TR will be reduce from 1.25 kw to 0.8 kw per TR Tentative saving of will be 151110 units/year. Production efficiency will be improve due to less tripping of machine on high temperature.

2) 12 kw x 3=36 kw electrical heatersareinstalled . With heat recovery system, at least 24 kw /hr fluxbath unit can be save .207360 units /year saving is expected.

A Power and fuel consumption 2018-19 2019-20
1 Electricity
a) Purchased
Unit (Thousand KWH) 16820649 14273219
Total amount (Rs. in Lacs) 1297.30 1212.76
Rate/unit 8.50 9.31
B) Own Generation
i) Through diesel generator
Unit (Thousand KWH) 83337 45836
Units per Liter of diesel oil (KWH) 3.34 3.21
Cost/unit
ii) Through steam turbine/generator NIL NIL
Units NA NA
Units per Liter of fuel oil/gas NA NA
Cost /Unit NA NA
2 Coal NA NA
Quantity NA NA
Total cost NA NA
Average rate NA NA
3 Furnace oil NA NA
Quantity (MT) 20.98 57169
Total amount (Rs. in Lakhs) NA NA
Average Rate NA NA
4 Others/ Internal generation NA NA
Fuel Oil/LDO
Quantity (Ltr.)
Total Cost (Rs. in Lakhs)
Rate/unit
B
I Wire Drawing (Unit : MT) 7417 37955
I Electricity [KWH] 6167405 3976045
Ii Furnace Oil NIL NIL
iii Others NIL NIL
II Galvanising (Unit : MT) 24882
I Electricity [KWH] 1983558 2203247
Ii Furnace Oil [MT] Nil NIL
iii Others Nil NIL

B) TECHNOLOGY ABSORPTION

1. Specific areas in which R & D carried out by the company.

a) Water proofing is done by ultraviolet resistance coating due to which rather than water leakage proofing , the inside room temperature is reduced by two degree centigrade.

b) Installation of 11 blocker Medium & Fine wire drawing mc for FG wire 0.90 to 1.40 mm, also feeding the wire to rope division. The machine PLC programming is modified for spool DIN 400/630

c) Installation of 6BBx250 & 12BBx250 rope stranding mc & 6BBx500 rope closing mc to increase the rope productivity.

d) Installation Rope pre-stretching mc to develop the new product for export customer.

e) Procurement of new TC die grinding & polishing mc for die shop

f) Modificationin HT 33 Kv panel due to frequent power tripping.

2. Benefit derived as a result of the above R & D.

a) Water proofing -Due to new tech coating rather than arresting the water leakage, room temperature reduced by 2 deg. Cent. Reduce power consumption for Air conditioning in various cabin cost Rs. 12,21,341/-

b) 1 Blocker - Finished good wire productivity is increased. Rope productivity increasing due to additional feeding from 11 blocker Rs. 12,50,000/-

c) Installation of 6BBx250 & 12BBx250 - Rope productivity increased, dependability on single mc is reduced. Rewinding machine load is reduced .1947000/-

d) Installation Rope pre-stretching mc – New product is developed. -900000

) Procurement of new TC die grinding & polishing mc - Product quality is improved due to effective die polishing and reduce time and cost Rs. 3,64,840/-

f) Modification in HT 33 Kv panel Frequent power tripping in rainy season is eliminated and so productivity is improved.-600000/-

3. Future Plan of action: a) HCL neutralization project Further Improvement to treat the effluent from 4 Ph to 7 Ph. b) Heat recovery system at Flux bath to save the power 24 kw/hr

4. Expenditure on Research & Development: 6218752/-

5. Technology Absorption, Adoption and Innovation, Efforts made, Benefit derived, Import of

Technology:

B. FOREIGN EXCHANGE EARNINGS AND OUTGO

1. Activities relating to exports, initiatives taken to increase exports, development of new export markets for products and services, and export plans: Marketing team is visiting the customer overseas to consider the rate, quality and other requirement of the market and developing the market for export.

2. Total foreign exchange used and earned: i. VALUE OF IMPORTS ON C.I.F. BASIS

Particulars

for the period ending

31.03.2020 31.03.2019
Raw Material 102.20 2,027.80
Stores & Spares 48.23 95.40
Capital Goods 10.74 4.46
Total 161.17 2,127.66

ii. EXPENSES INCURRED IN FOREIGN CURRENCY

Particulars

for the period ending

31.03.2020 31.03.2019
Exhibition, Advt. & Seminar Expenses 0.06 14.65
Mechanical Rep. & Maintenance 46.67 90.99
Foreign Tour & Traveling 5.86 3.15
Interest 15.12 52.92
Others 3.62 0.65
Total 71.34 162.37

iii. VALUE OF EXPORT ON F.O.B BASIS

Particulars

for the period ending

31.03.2020 31.03.2019
Export Sales 59.99 651.66
Total 59.99 651.66

For and on behalf of Board of Directors BEDMUTHA INDUSTRIES LIMITED

Vijay Vedmutha Chairman& Managing Director

DIN:00716056

Date: November 14th, 2020

Place: Sinnar