Bemco Hydraulics Ltd Directors Report.

To the Members,

The Directors have pleasure in presenting their 62 Annual Report of the Company together with the Audited Statements of Accounts for the year ended 31 March, 2020 incorporating therein the consolidated financial statement covering the activities of its subsidiary BEMCO FLUIDTECHNIK LLP.

1. FINANCIAL SUMMARY/HIGHLIGHTS, OPERATIONS, STATE OF AFFAIRS:

[Read with Section 134 of the Companies Act 2013 and Rule 5 (i) of Cos (Accounts) Rules, 2014] The financial statement for the year ended 31st March, 2020 of the company and its subsidiary are prepared with comparative data, in compliance with Ind AS.

(Rs. in lakhs)

Particulars

Standalone

Consolidated
2019-20 2018-19 2019-20 2018-19
Revenue From Operations 3200.56 4722.52 3242.78 4828.47
Other Income 58.38 72.95 53.32 71.89
Total Income 3258.94 4795.47 3296.11 4900.36
Pro t /(loss) before exceptional items & tax 155.14 251.90 60.67 191.99
Exceptional Items - - - -
Pro t/(loss) before tax 155.4 251.90 60.66 191.99
Tax Expense/(Credit) net 71.53 89.25 71.53 89.25
Pro t / (Loss) for the period from continuing operations 83.61 162.66 -10.86 102.74
Other Comprehensive Income -17.30 2.53 -17.30 2.53
Total Comprehensive Income/ (loss) for the period 66.23 165.19 -28.19 105.27

Standalone

The company has achieved turnover of Rs. 3258.94 Lakhs as against Rs. 4795.47 Lakhs for the previous year. The Total comprehensive income for the year works out to Rs. 66.23 Lakhs as against Rs. 165.19 Lakhs of the previous year.

Consolidated

The consolidated statement of Bemco Hydraulics Limited with Bemco Fluidtechnik LLP is reproduced in brief. The consolidated turnover was Rs. 3296.11/-Lakhs as against Rs. 4900.36/- Lakhs for the previous year. The consolidated Total comprehensive loss for the year is of Rs. -28.19/- Lakhs as against income of Rs. 105.27/- lakhs for the previous year.

2. EVENTS SUBSEQUENT TO THE DATE OF FINANCIAL STATEMENTS:

Subsequent to the date of Financial Statements (i.e. after 31st March 2020) no signi cant event has occurred.

3. CHANGE IN THE NATURE OF BUSINESS:

During the year under operation there was no change in the nature of business.

4. SHARE CAPITAL

The Equity Share capital of company remain same i.e. Rs. 2,18,67,000/-. The Board had allotted 20,000/- 11%, Cumulative Redeemable Preference Shares of Rs. 100/- each amounting to Rs. 20,00,000/- on 30th September 2005 which are redeemed on 31st March 2020 and accordingly the revised preference share capital is Rs. 3,00,00,000/- and the revised total paid up capital of the company amounts to Rs. 5,18,67,000/-

5. DIVIDEND:

Equity Shares:

As the companys pro t amounts to Rs.83.61/- lakhs the board decided to set off past accumulated losses and therefore no dividend is proposed for the financial year 2019-20.

Preference Shares:

The Board in the 47th Annual General Meeting held on 30th September, 2005 had allotted 20,000, 11% Cumulative Redeemable Preference Shares of Rs.100/- each which were due for redemption at par 31st March,2020. The dividend on these shares was in arrears from the financial years 2013-14. The company has already paid the principle amount to the preference shareholder on 31st March, 2020. The company has set off all the past accumulated losses and accordingly, the Company is now eligible to declare dividend. Therefore, the Board has decided to pay the 11% preference dividend for the financial years 2013-14 till 2019-20 which amounts to an out ow of Rs. 15,40,000/-, to the preference shareholder after taking approval of members in the forthcoming Annual General Meeting.

The Board wishes to explain that the dividend on 20,000 equity shares is now being declared and paid because these shares are now redeemed in accordance with the terms of issue, but then the Company is unable to declare and pay the dividend on 3,00,000 redeemable preference shares on account of inadequacy of pro.

F. Y. ended on No. of Preference Shares Amount of Dividend in Rs.
31 March 2018 3,20,000 1,67,20,000/-
31 March 2019 3,20,000 2,11,20,000/-
31 March 2020 3,00,000 2,31,08,000/-

These preference shares are held by the promoters themselves as borne by the list of preference share holders as under:

1. MOHTA CAPITAL PRIVATE LIMITED

2. U D FINNVEST PRIVATE LIMITED

3. SRI RAMACHANDRA ENTERPRISES PRIVATE LIMITED

In view of the above, Company is carrying the above amount as Liability towards Dividend on Preference Shares As no Dividend is paid on 3,00,000 preference shares for F. Y. 2015-16, 2016-17, 2017-18, 2018-19 and also for F Y 2019-20 , the Preference Share holders would get voting rights on par with equity share holders, in terms of the provisions of Section 47 of the Companies Act 2013 on and after the forthcoming AGM.

6. DIRECTORS AND KEY MANANGERIAL PERSONNEL :

There is no change in the composition of Board of Directors of the Company during the year under report:

DIRECTORS

1. Mr. M. M. MOHTA - Chairman Non Executive
2. Mr. ANIRUDH MOHTA - Managing Director Executive
3. Mrs. URMILA DEVI MOHTA - Director Non Executive
4. Mr. R. M. SHAH - Director Independent Non- Executive
5. Mr. N. K. DAGA - Director Independent Non- Executive
6. Mr. DILIP CHANDAK - Director Independent Non- Executive

KEY MANAGERIAL PERSONNEL KMP

1. MR. ANIRUDH MOHTA - Managing Director
2. MR. VIJAY BHUJANG SAMBREKAR - Chief Finance Of cer
3. MS. AMRUTA A. TARALE - Company Secretary

 

7. COMPOSITION OF COMMITTEES:
a. AUDIT COMMITTEE
Chairman: Mr. Dilip Chandak- Independent Director
Other Members: Mr. R. M. Shah - Independent Director
Mr. N. K. Daga- Independent Director
Mr. Anirudh Mohta - Managing Director
b. NOMINATION AND REMUNERATION COMMITTEE
Chairman: Mr. R. M. Shah - Independent Director
Other Members: Mr. Dilip Chandak - Independent Director
Mr. N K Daga - Independent Director
Mr. Madan Mohan Mohta - Non Executive Director
c. STAKE HOLDERS RELATIONSHIP COMMITTEE
Chairman: Mr. Dilip Chandak - Independent Director
Other Members: Mr. Anirudh Mohta - Managing Director
Mrs. Urmila Devi Mohta - Non Executive Director
Mr. R. M. Shah - Independent Director
d. COMMITTEE FOR PREVENTION OF SEXUAL HARRSSMENT OF WOMAN AT WORKPLACE/ INTERNAL COMPLAINTS COMMITTEE
Chairman: Ms. Kirti Ramchandra Devale - Company Employee
Other Members: Mrs. Madhuri Kulkarni- Company Employee
Ms. Amruta Tarale- Company Employee

8. STATUTORY DISCLOSURE UNDER COMPANIES ACT, 2013 (PURSUANT TO SECTION 134(3) OF THE COMPANIES ACT, 2013 READ WITH COMPANIES (ACCOUNTS) RULES 2014)

ANNEXURE PAGE NO
a. Extract of annual return- Form MGT-9 ANNEXURE- I 9
b. Number of meetings of the board ANNEXURE- II 13
c. a. Directors responsibility Statement ANNEXURE- II 13
b. details in respect of fraud reported by auditors under sub section (12) of section 143other than those which are reportable to the central government
d. A statement on declaration given by independent directors under sub- section (6) of section 149. ANNEXURE- III 14
e. Companies policy on directors appointment and remuneration including criteria for determining quali cations, positive attributes, independence of directors and other matters provided under sub- section (3) of section 178 Ratio of remuneration to each directors ANNEXURE- III 14
f. Quali cation and remarks ANNEXURE- IV 15
g. Particulars of loan, guarantees or investment under section 186. ANNEXURE- IV 15
h. Particulars of Subsidiary Company AOC-1 ANNEXURE- V 17
i. Particulars of contracts or arrangement with related parties referred to in Sub-section 1 of section 188- AOC-2 ANNEXURE- VI 18
j. The conservation of energy technology absorption, foreign exchange earnings and outgo. ANNEXURE- VII 20
k. A statement indicating development and implementation of a risk management Policy for the company including identi cation therein of elements of risk, if any which in the opinion of the board may threaten the existence of the company. ANNEXURE- VIII 21
l. The details of the policy developed and implemented by the company on corporate social responsibilities taken during the year. ANNEXURE- VIII 21
m. A statement indicating the manner in which formal annual evaluation has been made by the board of its own performance and that of its committees and individual directors. ANNEXURE- VIII 21
n. The state of the companies affairs Material changes and commitments if any, affecting the financial position of the company which have occurred between the end of the financial year of the company to which the financial statements relates and the date of the Company. MANAGEMENT DISCUSSION AND ANALYSIS REPORT 22

9. DISCLOSURE PURSUANT TO SECTION 22 OF SEXUAL HARASSMENT OF WOMEN AT WORKPLACE (PREVENTION, PROHIBITION AND REDRESSAL) ACT, 2013.

At Bemco, all employees are of equal value. There is no discrimination between individuals at any point on the basis of race, colour, gender, religion, political opinion, national extraction, social origin, sexual orientation or age.

At Bemco every individual is expected to treat his/her colleagues with respect and dignity. This is enshrined in values and in the Code of Ethics & Conduct of Bemco. The Direct Touch (Whistle-Blower & Protection Policy) Policy provides a platform to all employees for reporting unethical business practices at workplace without the fear of reprisal and help in eliminating any kind of misconduct in the system. The Policy also includes misconduct with respect to discrimination or sexual harassment.

The Company also has in place Rs.Prevention of Sexual Harassment PolicyRs.. This Anti-Sexual Harassment Policy of the Company is in line with the requirements of The Sexual Harassment of Women at the Workplace (Prevention, Prohibition & Redressal) Act, 2013. All employees (permanent, contractual, temporary and trainees) are covered under this policy. An Internal Complaints Committee (ICC) is in place to redress complaints received regarding sexual harassment. There were no complaints before the ICC during the financial year 2019-20 as borne out by following table.

Sl. No. No. of cases led under the Act before the internal committee No. of disposal under the Act
NIL NIL

10. STATUTORY AUDITOR

The members at the 59 Annual General meeting of the company held on 28 September, 2017 had appointed M/s. S Jaykishan, a partnership rm of Chartered Accountants (Firm Registration number 309005E) as the statutory auditors of the Company to hold of ce for a period of ve consecutive years i.e. from the conclusion of the said Annual General Meeting until the conclusion of 64 Annual General Meeting of the Company to be held in 2022.

11. AUDIT REPORTS

The audit conducted by M/s S . Jaykishan, a rm of Chartered Accountants, (Firm Registration No. 309005E) for financial year 2019-20 does not contain any quali cation, reservation or adverse remark. The Auditors Report is enclosed with the financial statements in this Annual Report and it is self explanatory.

12. SECRETARIAL AUDIT:

Pursuant to the provisions of Section 204 of the Act and the rules made there under, the Company in the board meeting held on 20 May, 2019 had appointed M/s SDR & ASSOCIATES, a Firm of Practicing Company Secretaries to undertake the Secretarial Audit of the Company for the year ended 31st March, 2020. The Secretarial Audit Report issued in this regard is enclosed to this Report.

13. INTERNAL AUDIT:

In the Board of Directors meeting held on 20 May, 2019, M/s A. C. Bhuteria were appointed to undertake internal audit of the Company for the financial year ending 31 March, 2020, as required under section 138 read with rule 13 of companies (Accounts) Rules, 2014. The internal audit report given by the auditor does not contain any quali cation remark.

14. DISCLOSURE ABOUT COST AUDIT

In pursuance of Section 148 of Companies Act 2013 read with Rule 5(1) of Companies (Cost Record and Audit) Amendment Rules 2014. Mr Umesh Kini, Cost Accountant was appointed to carry out cost compliance certi cation for the financial year 2019-20. The Company is not covered by Cost Audit, nonetheless, the company is maintaining Cost Records on routine basis and the Company obtains Cost Compliance report from a practicing Cost Accountant as a matter of good corporate practice and to instill cost consciousnesses at all level of operations.

15. RELATED PARTY TRANSACTIONS

All Related Party Transactions that were entered into during the financial year under review were on an arms length basis and in the ordinary course of business and are in compliance with the applicable provisions of the Act and the Listing Regulations. There were no materially signi cant Related Party Transactions made by the Company during the year that required shareholders approval under Regulation 23 of the Listing Regulations. All Related Party Transactions are placed before the Audit Committee for prior approval. Prior omnibus approval of the Audit Committee is obtained for the transactions which are repetitive in nature or when the need for them cannot be foreseen in advance. None of the transactions entered into with related parties falls under the scope of Section 188(1) of the Act. Details of transactions with related parties as required under Section 134(3)(h) of the Act read with Rule 8(2) of the Companies (Accounts) Rules, 2014 are given in Annexure -VI in Form AOC-2 and forms part of this Report. The Company has adopted a Policy for dealing with Related Party Transactions. The Policy as approved by the Board may be viewed on the Companys website at www.bemcohydraulics .net.

16. CORPORATE GOVERNANCE AND SHAREHOLDERS INFORMATION:

As per regulation 15 of SEBI (Listing Obligations and Disclosure Requirement) Regulations, 2015 preparation of Corporate governance report is not applicable to our company as it does not fall under the criteria laid down in regulation 25 of SEBI (Listing Obligations and disclosure Requirements) Regulations, 2015 i.e. our companys paid up share capital is not exceeding Rupees ten crore and net worth is not exceeding Rupees twenty ve crores as on the last date of previous financial year, but as a good ethical practice BEMCO continues to follow corporate Governance practices and a report on corporate governance is uploaded on our website www.bemcohydraulics.net.

17. VIGIL MECHANISM:

The Vigil Mechanism acts as an additional internal element of the Companys compliance and integrity policies. All employees, directors, vendors, suppliers, dealers and consultants, including auditors and advocates who are associated with BEMCO can raise concerns regarding malpractices and events which may negatively impact the company. Vigil Mechanism has been established under the supervision of the Chief financial Of cer and the Company Secretary of the Company. The Audit Committee, and the company secretary reviews the working of the Vigil Mechanism from time to time and make suggestions, if needed. The Vigil protects the whistle blower against victimization for the disclosures made by him/her and ensures complete con dentiality of the whistle blower identity and the information provided by him/her. The investigation is conducted honestly, neutrally and in an unbiased manner. The subject or other involved persons in relation with the protected disclosure are also given an opportunity to be heard. Strict disciplinary actions are taken against anyone who conceals or destroys evidences related to protected disclosures made under this mechanism. The company has adopted a policy on whistle blower and vigil mechanism where the policy also provides for direct access to the chairperson of the Audit Committee in appropriate or exceptional cases. The policy on whistle blower and vigil mechanism is also uploaded on the companys website www.bemcohydraulics.net

18. SIGNIFICANT & MATERIAL ORDERS PASSED BY THE REGULATORS:

No regulatory authority has passed any orders having material impact on the Company.

19. DETAILS OF ADEQUACY OF INTERNAL FINANCIAL CONTROLS:

There are sound internal controls commensurate with nature and size of the Company that have been incorporated in the Policy to detect the financial discrepancies well in time. Key policies are defined, understood and enforced. Operating procedures are clearly defined; detailed and harmonized procedures are available across the organization. Several controls are preventive in nature and automated. All stakeholders are aware of their roles and responsibilities with respect to processes and controls. The culture of compliance with laid down guidelines and procedures is evident through the actions and behavior of individuals and teams. The Management Information System ensures that adequate and accurate information is available for reporting and decision making. The Audit committee also evaluates the operating effectiveness of Internal Financial Control systems.

Moreover:

- Internal Audit is carried out at regular intervals by an Independent Chartered Accountant, who submits his report to the Audit Committee and Board - Statutory Auditors carry out the veri cation of Books on every Quarter before submitting their Limited Review Report Board is prompt in maintaining the adequacy of Internal Financial Controls with reference to the financial Statements

20. LISTING WITH STOCK EXCHANGE:

The Company has paid the Annual Listing Fees for the year 2019-20 to Bombay Stock Exchange where the Companys Shares are listed.

21. GO GREEN INITIATIVE

Members are requested to support the "Green Initiatives" by registering their Email address with the company, if not already done.

Those members who have changed their Email id are requested to register their new Email ID with the Company in case of the shares are held in physical form and with the depository participant where shares are held in demat mode.

Members holding in physical mode are also requested to register their email address with our Registrar and Transfer Agent Adroit Corporate Services Pvt Ltd, 19/20, Jaferbhoy Industrial Estate,1st Floor, Makwana Road, Marol Naka, Andheri (E), Mumbai-400059 or Email: info@adroitcorporate.com such registration of email address may also be made with the Company at its registered of ce as per the address mentioned above or at the email id isc@bemcohydraulics.net

22. ACKNOWLEDGEMENTS

The Directors wish to place on record their appreciation for the sincere services rendered by employees of the Company at all levels. Your Directors also wish to place on record their appreciation for the valuable co-operation and support received from the Government, the Banks/ Financial Institutions and other stakeholders such as, shareholders, customers and suppliers, among others. The Directors also commend the continuing commitment and dedication of the employees at all levels, which has been critical for the Companys success. The Directors look forward to their continued support in future.

Date - 29/06/2020 M.M. MOHTA ANIRUDH MOHTA
Place - BELGAUM Chairman Managing Director
DIN-00068884 DIN-00065302
2 Mohanam, 10th Cross, 2 Mohanam, 10th Cross,
Bhagya Nagar, Bhagya Nagar,
Belgaum, 590006, Karnataka. Belgaum, 590006, Karnataka.

FORM NO. MGT 9

EXTRACT OF ANNUAL RETURN As on the financial year ended on 31.03.2020

Pursuant to Section 92 (3) of the Companies Act, 2013 and Rule 12(1) of the Company (Management & Administration) Rules, 2014.

I. REGISTRATION & OTHER DETAILS:
i) CIN L51101KA1957PLC001283
ii) Registration Date 14/03/1957
iii) Name of the Company BEMCO HYDRAULICS LIMITED
iv) Category / Sub category of the Company Public Company/ Limited by Shares
v) Address of the Registered Of ce and contact details
Address Udyambag, Industrial Estate
Town/City BELGAUM
State KARNATAKA
Pine Code: 590008
Country Name: INDIA
Country Code 091
Telephone (With STD Area Code Number) 0831-2441980
Fax Number 2441263
Email Address nance@bemcohydraulics.net
Website www.bemcohydraulics.net
vi) Whether shares listed on recognized Stock Exchanges(s) YES
vi) Name, Address & contact details of Registrar & Transfer Agent, if any;
Registrar & Transfer Agents (RTA):- ADROIT CORPORATE SERVICES PVT LTD
Address 17-20, Jaferbhoy Industrial Estate, Makawana Road, Marol Naka, Andheri(E)
Town/City MUMBAI
State MAHARASHTRA
Pine Code: 400059
Telephone (With STD Area Code Number) 022-42270400
Fax Number 022-28503748
Email Address info@adroitcorporate.com

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)
S. No. Name and Description of main products / services NIC Code of the Product/service % to total turnover of the company
1 Hydraulics Press 8462 69%
2 Hydraulic Equipments 8425 10%

III. PARTICULARS OF HOLDING, SUBSIDIARY AND ASSOCIATE COMPANIES

S. No. Name and address of the Company LLPIN Holding/ Subsidiary/ Associate % of Contribution held Applicable Section
1 BEMCO FULIDTECHNIK LLP AAI-6810 Subsidiary 65.00% 2(87)

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 [As on 31-March-2019]

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

Category of Shareholders Demat Physical Total % of Total Shares Demat Physical Total % of Total Shares % Change during the year
A. Promoters
(1) Indian
a) Individual/ HUF
b) Central Govt
c) State Govt(s)
d) Bodies Corp. 12,18,703 12,18,703 55.73% 12,18,703 12,18,703 55.73% 0.00%
e) Banks / FI
f) i) Directors Relatives 35,456 35,456 1.62% 35,456 35,456 1.62% 0.00%
ii) Directors 3,79,111 3,79,111 17.34% 3,79,111 3,79,111 17.34% 0.00%
Sub Total (A) (1) 16,33,270 16,33,270 74.69% 16,33,270 16,33,270 74.69% 0.00%
(2) Foreign
a) NRI Individuals
b) Other Individuals
c) Bodies Corp.
d) Any other
Sub Total (A) (2)
TOTAL (A) 16,33,270 16,33,270 74.69% 16,33,270 16,33,270 74.69% 0.00%

 

B. Public Shareholding
1. Institutions
a) Mutual Funds
b) Banks / FI
c) Central Govt 88 88
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):- 88 88
2. Non-Institutions
a) Bodies Corp.
i) Indian 152.580 1,500 154.080 7.18% 152,099 1,500 153,599 7.02% 0.16%
ii) Overseas
b) Individuals
i) Individual shareholders holding nominal share capital upto Rs. 1 lakh 116,845 175,918 292,763 13.39% 116,806 172,968 289,774 13.25% 0.14%
ii) Individual shareholders holding nominal share capital in excess of Rs 1lakh 100,000 100,000 4.57% 103,350 103,350 4.72% 0.15%
c) Others Clear Mem 1 1 0.00%
Non Resident Indians 825 825 0.03% 1,027 1,027 0.04% 0.01%
Corporate Bodies
Foreign Nationals
Clearing Members
Trusts
Directors 5,673 5,673 0.25% 5,680 5,680 0.26% 0.01%
Foreign Bodies - D R
Sub-total (B)(2):- 375,924 177,418 553,342 25.30% 378,962 174,468 553,430 25.31% 0.00%
Total Public (B) 376,012 177,418 553,430 25.31% 378,962 174,468 553,430 25.31% 0.00%
C. Shares held by Custodian for GDRs & ADRs Grand Total (A+B+C) 2,186,700 100.00% 2,186,700 100.00% 0.00%

ii) Shareholding of Promoter

Shareholding at the beginning of the year

Shareholding at the end of the year

Sl No. Shareholders 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 % change in shareholding during the year
1 ANANYA ANIRUDH MOHTA 16,728 0.76% 16,728 0.76% - 0.00%
2 ANIRUDH MOHTA 1,03,260 4.27% - 1,03,260 4.27% - 0.00%
3 MADAN MOHAN MOHTA 18,728 0.86% - 18,728 0.86% - 0.00%
4 MADAN MOHAN PREM RATAN MOHTA 67,183 3.07% - 67,183 3.07% - 0.00%
5 MOHTA CAPITAL PVT LTD 6,65,606 30.44% 3,80,606.00 6,65,606 30.44% 3,80,606.00 0.00%
6 SRI RAMCHANDRA ENTERPRISES (P) LTD 3,34,697 15.31% 1,99,697.00 3,34,697 15.31% 1,99,697.00 0.00%
7 U D FINNVEST PVT LTD 2,18,400 9.99% 75,707.00 2,18,400 9.99% 75,707.00 0.00%
8 URMILA DEVI MOHTA 2,08,668 9.54% - 2,08,668 9.54% - 0.00%

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

Shareholding

Cumulative Shareholding during the year

Sl No. Shareholders Name No of Shares % of total at the beginning Shares (01.04.2019)/ of the end of the year Company (31.03.2020) Date Increase/ (Decrease) in shareholding Reason No of Shares % of total Shares of the Company
NIL

iv) Shareholding Pattern of top ten Shareholders

(Other than Directors, Promoters and Holders of GDRs and ADRs):

Shareholding

Cumulative Shareholding during the year

Sl No. Shareholders Name No of Shares at the beginning (01.04.2019)/ end of the year (31.03.2020) % of total Shares of the Company Date (*) Increase/ (Decrease) in shareholding Reason No of Shares % of total Shares of the Company
1 Sungrace Finvest Pvt Ltd 149,657 6.84% NIL movement during the year 6.84%
149,657 6.84%
2 Harsha Hitesh Javeri 50,000 2.28% 30.08.2019 2182 BUY 52,182 2.39%
25.10.2019 550 52,732 2.41%
17.01.2020 268 53,000 2.42%
53,350 2.44% 14.02.2020 350 53,350 2.44%
3 Harsha Hitesh Javeri 50,000 2.28% 26.05.2018 2000 NIL movement during the year 2.28%
50,000 2.28%
4 Mitali Hitesh Javeri 14,643 0.66% 03.01.2020 357 BUY 15,000 0.68%
15,000 0.68%
5 Ami Hitesh Javeri 12,130 0.55% 03.01.2020 980 BUY 13,110 0.60%
13,500 0.60% 17.01.2020 390 BUY 13,500
6 Ramesh Shah 5,680 0.26% NIL movement during the year 0.26%
5,680 0.26%
7 G C Jha 3,466 0.16% NIL movement during the year 0.16%
8 Basant Kumar Mohta 2,500 0.11% NIL movement during the year 0.11%
9 Piyush Rajnikant Shah 2,408 0.11% NIL movement during the year 0.11%
10 Deepa Hitesh Shah 2,001 9.00% NIL movement during the year 9.00%

v) Shareholding of Directors and Key Managerial Personnel:

Shareholding

Cumulative Shareholding during the year

Sl No. Shareholding of each Directors and each Key Managerial Personnel No of Shares at the beginning (01.04.2019)/ end of the year (31.03.2020) % of total Shares of the Company No of Sharesat the end of the year % of total Shares of the Company
1 Madan Mohan Mohta 67,183 3.07% 67,183 3.07%
67,183 3.07%
2 Anirudh Mohta 103,260 4.72% 103,260 4.72%
103,260 4.72%
3 Urmila Devi Mohta 208,668 9.54% 208,668 9.54%
208,668 9.54%
4 R M Shah 5,673 0.25% 5,680 0.26%
5,680 0.26%
5 Dilip Chandak - - - 0.00%
6 N K Daga - - - 0.00%
7 Vijay Sambrekar - - - 0.00%
8 Amruta Ashok Tarale - - - 0.00%

VI. REMUNERATION OF DIRECTORS AND KEY MANAGERIAL PERSONNEL

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

S. No. Particulars of Remuneration Name of MD/WTD/ Manager Total Amount (Rs.)
Name Anirudh Mohta
Designation Managing Director
1 Gross salary
(a) Salary as per provisions contained in section 17(1) of the Income-tax Act, 1961 68,00,100/- 68,00,100/-
(b) Value of perquisites u/s 17(2) Income-tax Act, 1961 68,00,100/- 68,00,100/-
(c) Pro ts in lieu of salary under section 17(3) Income- tax Act, 1961 - -
2 Stock Option - -
3 Sweat Equity - -
4 Commission - -
- as % of pro t - -
- others, specify - -
5 Others, please specify - Returement Benefits - -
Total (A) 68,00,100/- 68,00,100/-
Ceiling as per the Act 84,00,000/- 84,00,000/-

B. Remuneration to other Directors

Name of Directors
Sl No. Particulars of Remuneration Madan Mohan Mohta Urmila Devi Mohta Ramesh M Shah Dilip P Chandak Naval K Daga Total Amount (Rs.)
1 Independent Directors
Fee for attending board committee meetings - - 6,000 6,000 6,000 18,000
Commission - - - - -
Others, please specify - - - -
Total (1) - - 6,000 6,000 6,000 18,000
2 Other Non-Executive Directors - - - - - -
Fee for attending board committee meetings 6,000 6,000 - - - 12,000
Commission * - - - - - -
Others - - - - - -
Total (2) 6,000 6,000 - - - 12,000
Total (B)=(1+2) 6,000 6,000 6,000 6,000 6,000 30,000
Total Managerial Remuneration - - - - - -
Overall Ceiling as per the Act - - - - - N.A.

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

S. No. Particulars of Remuneration

Name of Key Managerial Personnel

Name Vijay Bhujang Sambrekar Amruta Ashok Tarale
Designation CFO CS
1 Gross salary
(a) Salary as per provisions contained in section 17(1) of the Income-tax Act, 1961 695,190.00 518,080.00
(b) Value of perquisites u/s 17(2) Income-tax Act, 1961 - -
(c) Pro ts in lieu of salary under section 17(3) Income- tax Act, 1961 - -
2 Stock Option - -
3 Sweat Equity - -
4 Commission - -
- as % of pro t - -
- others, specify - -
5 Others, please specify - -
Total 695,190.00 518,080.00

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
Compounding
B. DIRECTORS
Penalty
Punishment NIL
Compounding
C. OTHER OFFICERS IN DEFAULT
Penalty
Punishment
Compounding

 

Date - 29/06/2020 M. M. MOHTA ANIRUDH MOHTA
Place - BELGAUM Chairman Managing Director
DIN-00068884 DIN-00065302
2 Mohanam, 10th Cross, 2 Mohanam, 10th Cross,
Bhagya Nagar, Bhagya Nagar,
Belgaum, 590006, Karnataka. Belgaum, 590006, Karnataka
Date - 29/06/2020 M. M. MOHTA ANIRUDH MOHTA
Place - BELGAUM Chairman Managing Director
DIN-00068884 DIN-00065302
2 Mohanam, 10th Cross, 2 Mohanam, 10th Cross,
Bhagya Nagar, Bhagya Nagar,
Belgaum, 590006, Karnataka. Belgaum, 590006, Karnataka