Som Datt Finance Corporation Ltd Management Discussions.

INDUSTRY STRUCTURE AND DEVELOPMENT

One of the biggest challenge to all of humanity has been the immensely disruptive Covid 19 pandemic and its fallout. As various Countries and Governments react to this global crisis, business and markets are exposed to unprecedented risks. All existing norms of evaluating value and risk are hence going to be subject to a new normal.

In this scenario NBFC sector in India will go through some of the most difficult times in Indian history. As business has been impacted nationwide the supply lines for all industries have been thrown asunder. No business remains unaffected.

Of special concern is business which is small and medium in scale. Proprietors or small businessmen, especially those that have borrowed, will find that all of a sudden they are not able to service the loans. On top of it the demand cycles are drastically reduced and though there are various models of recovery which are being projected however, for the NBFC Sector the environment remains one of great uncertainty.

The government is alive to the situation and has been making various attempts to provide a life line to business and the lending institutions. Amongst these measures is easier credit availability and reduction of interest rates along with moratoriums for existing loans. These steps are necessary to ensure that the circle of money remains intact.

Your Company is engaged and registered as a Non Banking Finance Company (NBFC). During the Financial Year under review, the management of the Company changed and the New Management took the wise decision to convert all its assets into the most liquid assets possible during this time. The Company has therefore adopted the view of zero risk and invested its funds in the highest rated instruments (HDFC Liquid Funds and Bank Balances).

This decision is proving to be a very prudent measure taken by the Company as currently there is absolutely no erosion of value even in these extremely volatile times.

OPPORTUNITY AND THREATS

Having invested all our funds into Debt instruments the current opportunity is that as soon as the economy starts to pick up the Company will be able to participate in prudent investment activity. Till that time the Company will restrict its exposure to the market.

This strategy has the obvious downside that since the Interest Rates are dropping, the income from fixed income Bond Market would also be lower to that extent.

However, looking to the current economic scenario, your Company is putting reliance on being conservative.

SEGMENT WISE/ PRODUCT WISE PERFORMANCE

As the Company is in only one line of business, product wise and/or segment wise disclosure of performance is not required to be made.

BUSINESS OUTLOOK

Various news reports are indicating one of the worst years for the Indian Economy since 1974. However, more recently, there has been news of a good monsoon harvest and growing farm incomes. The Agriculture sector has seen demand in April and May months when the entire economy was taking a severe beating.

The measures taken by the RBI in terms of loan and interest moratorium will expire by the 2nd and 3rd quarter of the FY 2020-21. The actual situation of the NBFC sector would only be visible at that point in time. There is a degree of concern amongst almost all senior finance professionals that the true test of the policy framework and economic support will only emerge during this time.

It is hence not prudent to make any forward looking statements which either over project the possibilities or under play the potential of revival. Suffice it to say that it is too early to pronounce any judgement on the year as such.

Your management would look at the current situation where we would exercise extreme prudence to preserve the resources and capital of the company and selectively expand our portfolio.

The management is confident that whenever the business environment picks up your Company would be able to reap the benefits of such an upturn.

RISK/ CONCERNS AND MITIGATION

1. With Non Banking Finance Sector becoming increasingly competitive, the Companys growth will depend on its ability to maintain a low effective cost of funds; and minimization of non-performing assets. Mitigation of this risk/ concern is as follows:

a. The Company has a capital base of own funds. Currently, the Company is not borrowing any funds hence the cost of funds is the most effective.

b. Also since there are no lending operations hence there are no risk of NPA.

c. As the economy opens up the Company will take on selective avenues of revenue growth and expansion.

2. The Company may make equity investments in various sectors in the future and such investments may erode/ depreciate. Mitigation of this risk/ concern is as follows:

a. The Company is ensuring that the investments are in AAA rated fixed yielding instruments. This position of the Company will remain till the market conditions do not improve.

3. The Company has a dynamic Risk Management framework to identify, evaluate business risks and opportunities. The framework helps in identifying risks, exposure and potential impact analysis for the Company level.

INTERNAL CONTROL SYSTEM AND THEIR ADEQUACY

The Company has an internal control system which examines and ensures adequate internal checks and control procedures. It also ensures proper accounting, records authorization, control of operations and compliance with law. The Company also believes in the importance of technology and systems in improving controls at various levels and strives to enhance them on a continuous basis. Further the Company is continuously working to improve and strengthen internal check and control system to align with the expected growth in operations.

DISCUSSION ON FINANCIAL PERFORMANCE WITH RESPECT TO OPERATIONAL PERFORMANCE

During the year under review, the management of the Company changed. The new management is led by Mrs. Vijay Rathee and Mr. Kuldip Singh Rathee. Mrs. Vijay Rathee has been on the Board of various companies. Additionally, she has approximately 17 years of banking experience in a Scheduled Bank. Mr. Kuldip Singh Rathee is a dynamic personality with experience of more than 30 years as an entrepreneur and promoter of a well known group in the Automotive sector.

The effective takeover of the management happened in December, 2019. However, the Covid pandemic has caused a complete freeze in all business planning. The decision of the Company to protect assets and take the prudent path to preserve all the assets has ensured that there is no erosion of capital and a minimum basic return is available to the Company. Also since the Company has a zero debt status it is possible for the Company to ride through this storm without getting scathed. The results of the Company are referred to in Audited Financial Statements which are forming part of the Annual Report 2019-20.

HUMAN RESOURCES AND INDUSTRIAL RELATIONS

Since the Company is only managing investments in Liquid Funds there is a very minimal staff requirement. As the business expands the company will hire and engage more staff.

DETAILS OF SIGNIFICANT CHANGES IN KEY FINANCIAL RATIOS

Ratios 2020 2019
Current Ratio 200.16 149.10
Operating Profit Margin % 58.74% 62.03%
Net Profit Margin % 12.17% 27.88%
Return on Net Worth % 0.41% 1.18%

Place : Gurugram Date : 27.06.2020

For and on behalf of the Board of Directors

Vijay Rathee Kuldip Singh Rathee Managing Director Director DIN-00042731 DIN- 00041032

FORM NO. MGT - 9 EXTRACT OF ANNUAL RETURN

As on 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:

1. CIN L65921WB1993PLC060507
2. Registration Date 19.10.1993
3. Name of the Company SOM DATT FINANCE CORPORATION LTD
4. Category/Sub-category of the Company Company having Share Capital (Public Company / Limited by Shares)
5. Address of the Registered office & contact details Gajraj Chambers, 2B, 2nd Floor 86 B/2, Topsia Road Kolkata Kolkata WB 700046
6. Whether listed company Yes
7. Name, Address & contact details of the RCMC Share Registry Pvt. Ltd., B-25/1, Okhla Industrial
Registrar & Transfer Agent, if any. Area, Phase -2, Near Rana Motors, New Delhi - 110020

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 Trading / Investment in Securities 66120 100

III. PARTICULARS OF HOLDING, SUBSIDIARY AND ASSOCIATE COMPANIES -

S. No. Name And Address Of The Company CIN/GLN Holdings/ Subsidiary/Associate % of shares held Applicable Section
NIL

IV. SHARE HOLDING PATTERN (Equity Share Capital Breakup as percentage of Total Equity)

No. of Shares held at the beginning of the year No. of Shares held at the end of the year
Category of Shareholders Physical Total % of Total Shares Physical Total % of Total Shares % chang e during the year
A. PROMOTERS
(1) Indian
a) Individual/HUF 4600366 350000 4950366 49.46 6939650 0 - 69.34 19.88
b) Central Govt. or State Govt. - - - - - - - - -
c) State Govt(s) - - - - - - - - -
d) Bodies Corp 1973869 20 1973889 19.72 0 0 0 0 (19.72)
e) Banks / FI - - - -
f) Any Other - - - - -
SUB TOTAL: (A) (1) 6574235 350020 6924255 69.19 6939650 0 6939650 69.34 -
(2) FOREIGN
g) NRI s-Individuals - - - - -
h) Other-Individuals - - - - - - - - -
i) Bodies Corp. - - - - - - - - -
j) Banks / FI - - - - - - - -
k) Any Other ….
SUB TOTAL: (A) (2) - - - - - - - - -
B. PUBLIC SHAREHOLDING
(1) Institutions
a) Mutual Funds - - - - -
b) Banks/FI - - - - - - - - -
c) Central Govt - - - - - - - - -
d) State Govt(s) - - - - - - - - -
e) Venture Capital Fund - - - - - - - - -
f) Insurance Companies - - - - - - - - -
g) FIIs - - - - - - - - -
h) Foreign Venture Capital
- - - - - - - - -
Funds
i) Others (specify) - - - - - - - - -
SUB TOTAL (B)(1): - - - - - - - - -
(2) Non Institutions
a) Bodies corporate
(i) Indian 414486 179220 593706 5.93 349939 178900 528839 5.28 (0.65)
(ii) Overseas
b) Individuals
Individual shareholders holding
i) nominal share capital upto 775319 959599 1734918 17.33 1349059 785619 2134678 21.33 4
Rs.1 lakhs
Individuals shareholders
ii) holding nominal share capital in excess of Rs. 1 lakhs 236941 319600 556541 5.56 192727 192727 1.93 (3.63)
c) Others (specify) 191400 7150 198550 1.99 53476 158600 212076 2.12 0.14
SUB-TOTAL(B)(2) 1618146 1465569 3083715 30.81 1945201 1123119 3068320 30.66
Total Public Shareholding
(B)=(B)(1) + (B)(2) 1618146 1465569 3083715 30.81 1945201 1123119 3068320 30.66
Grand Total (A+B) 8192381 1815589 10007970 100 8884851 1123119 10007970 100 -

NO SHARES ARE HELD BY CUSTODIAN FOR GDRS & ADRS

(i) Shareholding of Promoters

Sl. No. Shareholders Name

Shareholding at the beginning of the year

Shareholding at the end of the year

No. of shares % of total shares of the company % of shares pledged encumbered to total shares No. of shares % of total shares of the company % of shares pledged encumber ed to total shares % change in share holding during the year
1. Mrs. Anjali Anand 350000 3.53 - 0 0 - (3.53)
2. Mrs. Anuradha Datt Munjal 359910 3.60 - 0 0 - (3.60)
3. Mrs. Charu Datt Bhatia 359910 3.60 - 0 0 - (3.60)
4. Mrs. Latika Datt Abbott 359920 3.60 - 0 0 - (3.60)
5. Mrs. Sadhana Singh 353750 3.53 - 0 0 - (3.53)
6. Mr. Som Datt 2131125 21.29 - 0 0 - (21.29)
7. Som Datt Enterprises Ltd 1973869 19.72 - 0 0 - (19.72)
8. Mrs. Usha Datt 1035751 10.35 - 0 0 - (10.35)
9. Som Datt Power Ltd. 10 0.00 - 0 0 - -
10. Som Datt Investment & Finance Co Pvt Ltd. 10 0.00 - 0 0 - -
11. Mrs. Vijay Rathee 0 0* - 3397459 33.95 33.95
12. Mr. Kuldip Singh Rathee 0 0* - 3542191 35.39 35.39
Total 6924255 69.19 6939650 69.34

(ii) Change in Promoters Shareholding (Specify if there is no change):

Shareholding at the beginning of Cumulative Shareholding
Sl. No. Particulars Reasons for change the year No. of shares % of total shares of the company during the year No. of shares % of total shares of the company
1 Mr. Som Datt
At the beginning of the year 2131125 21.29 2131125 21.29
10/05/2019 Transmission* -2131125 -21.29 0 0
At the end of the year 0 0
2 M/s. Som Datt Enterprises Ltd
At the beginning of the year 1973869 19.72 1973869 19.72
20/12/2019 Transfer -1973869 -19.72 0 0
At the end of the year 0 0
3 Mrs. Usha Datt
At the beginning of the year 1035751 10.35 1035751 10.35
10/05/2019 Transmission* 2131125 21.29 3166876 31.64
20/12/2019 Transfer -3166876 -31.64 0 0
At the end of the year 0 0
4 Mrs. Latika Datt Abbott
At the beginning of the year 359920 3.6 359920 3.6
20/12/2019 Transfer -359920 -3.6 0 0
At the end of the year 0 0
5 Mrs. Charu Datt Bhatia
At the beginning of the year 359910 3.6 359910 3.6
20/12/2019 Transfer -359910 -3.6 0 0
At the end of the year 0 0
6 Mrs. Anuradha Dutt Munjal
At the beginning of the year 359910 3.6 359910 3.6
31/01/2020 Transfer -359910 -3.6 0 0
At the end of the year 0 0
7 Mrs. Sadhana Singh
At the beginning of the year 353750 3.53 353750 3.53
20/12/2019 Transfer -353750 -3.53 0 0
At the end of the year 0 0
8 Mrs. Anjali Anand
At the beginning of the year 350000 3.5 350000 3.5
20/12/2019 Transfer -350000 -3.5 0 0
At the end of the year 0 0
9 M/s. Somdatt Investment And
Finance Co
At the beginning of the year 10 0 10 0
20/12/2019 Transfer -10 0 0 0
At the end of the year 0 0
10 Som Datt Power Ltd
At the beginning of the year 10 0 10 0
20/12/2019 Transfer -10 0 0 0
At the end of the year 0 0
11 Mr. Kuldip Singh Rathee
At the beginning of the year 0 0 0 0
01/04/2019
11/10/2019 Transfer 15395 0.15 15395 0.15
20/12/2019 Transfer 3526796 35.24 3542191 35.39
At the end of the year 31/03/2020 3542191 35.39
12 Mrs. Vijay Rathee
At the beginning of the year 0 0 0 0
01/04/2019
20/12/2019 Transfer 3037549 30.35 3037549 30.35
31/01/2020 Transfer 359910 3.6 3397459 33.95
At the end of the year 31/03/2020 3397459 33.95

*Shares of Mr. Som Datt transmitted to Mrs. Usha Datt iv) Shareholding Pattern of top ten Shareholders:

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

Sl No. For Each of the Top 10 Shareholders Shareholding at the beginning of the year Cumulative Shareholding during the year
Reasons for change No. of Shares % of total shares of the company No. of Shares % of total shares of the company
1 SOPTEX DEVELOPEMENTS LIMITED
At the beginning of the year 01/04/2019 246000 2.46 246000 2.46
At the end of the year 31/03/2020 246000 2.46
2 ALLIANCE HOLDINGS LIMITED
At the beginning of the year 01/04/2019 86100 0.86 86100 0.86
At the end of the year 31/03/2020 86100 0.86
3 J T ADVANEY
At the beginning of the year 01/04/2019 71500 0.71 71500 0.71
At the end of the year 31/03/2020 71500 0.71
4 VSL SECURITIES
At the beginning of the year 01/04/2019 55567 0.56 55567 0.56
07/02/2020 Transfer -7489 -0.07 48078 0.48
14/02/2020 Transfer -11078 -0.11 37000 0.37
At the end of the year 31/03/2020 37000 0.37
5 MALVINDER SINGH
At the beginning of the year 01/04/2019 34200 0.34 34200 0.34
At the end of the year 31/03/2020 34200 0.34
6 PAVEENA SINGHSATCHATHAM
At the beginning of the year 01/04/2019 30295 0.3 30295 0.3
09/08/2019 Transfer -10000 -0.1 20295 0.2
30/08/2019 Transfer -1506 -0.02 18789 0.19
06/09/2019 Transfer -500 -0.01 18289 0.18
20/09/2019 Transfer -2000 -0.02 16289 0.16
22/11/2019 Transfer -270 0 16019 0.16
20/12/2019 Transfer -500 -0.01 15519 0.16
27/12/2019 Transfer -500 -0.01 15019 0.15
17/01/2020 Transfer -500 -0.01 14519 0.15
24/01/2020 Transfer -541 -0.01 13978 0.14
31/01/2020 Transfer -478 0 13500 0.13
07/02/2020 Transfer -100 0 13400 0.13
At the end of the year 31/03/2020 13400 0.13
7 NIRMAL KUMAR JAIN
At the beginning of the year 01/04/2019 28050 0.28 28050 0.28
20/12/2019 Transfer -28050 -0.28 0 0
At the end of the year 31/03/2020 0 0
8 HARBHAJAN SINGH
At the beginning of the year 01/04/2019 24300 0.24 24300 0.24
At the end of the year 31/03/2020 24300 0.24
9 VEEKAS JAIN
At the beginning of the year 01/04/2019 23155 0.23 23155 0.23
08/11/2019 Transfer -950 -0.01 22205 0.22
15/11/2019 Transfer -14964 -0.15 7241 0.07
22/11/2019 Transfer -7200 -0.07 41 0
20/12/2019 Transfer 28050 0.28 28091 0.28
03/01/2020 Transfer -7217 -0.07 20874 0.21
10/01/2020 Transfer -8153 -0.08 12721 0.13
17/01/2020 Transfer -968 -0.01 11753 0.12
24/01/2020 Transfer -720 -0.01 11033 0.11
At the end of the year 31/03/2020 11033 0.11
10 SHASHI AGARWAL
At the beginning of the year 01/04/2019 20580 0.21 20580 0.21
09/08/2019 Transfer -2000 -0.02 18580 0.19
30/08/2019 Transfer -22 0 18558 0.19
13/09/2019 Transfer 300 0 18858 0.19
27/09/2019 Transfer -2000 -0.02 16858 0.17
04/10/2019 Transfer -4950 -0.05 11908 0.12
08/11/2019 Transfer -1000 -0.01 10908 0.11
At the end of the year 31/03/2020 10908 0.11
11 RELIGARE BROKING LIMITED
At the beginning of the year 01/04/2019 4479 0.04 4479 0.04
12/04/2019 Transfer 4600 0.05 9079 0.09
26/04/2019 Transfer 100 0 9179 0.09
03/05/2019 Transfer -100 0 9079 0.09
07/06/2019 Transfer 14836 0.15 23915 0.24
21/06/2019 Transfer -136 0 23779 0.24
05/07/2019 Transfer 100 0 23879 0.24
02/08/2019 Transfer 7713 0.08 31592 0.32
09/08/2019 Transfer -9457 -0.09 22135 0.22
16/08/2019 Transfer -3620 -0.04 18515 0.19
23/08/2019 Transfer 420 0 18935 0.19
30/08/2019 Transfer -5000 -0.05 13935 0.14
06/09/2019 Transfer 2000 0.02 15935 0.16
13/09/2019 Transfer -673 -0.01 15262 0.15
20/09/2019 Transfer -800 -0.01 14462 0.14
27/09/2019 Transfer -10200 -0.1 4262 0.04
04/10/2019 Transfer -2762 -0.03 1500 0.01
18/10/2019 Transfer 989 0.01 2489 0.02
25/10/2019 Transfer -989 -0.01 1500 0.01
01/11/2019 Transfer 100 0 1600 0.02
22/11/2019 Transfer 245 0 1845 0.02
29/11/2019 Transfer -345 0 1500 0.01
13/12/2019 Transfer 100 0 1600 0.02
07/02/2020 Transfer 100 0 1700 0.02
14/02/2020 Transfer -200 0 1500 0.01
27/03/2020 Transfer 100 0 1600 0.02
At the end of the year 31/03/2020 1600 0.02
12 HEM SECURITIES LIMITED
At the beginning of the year 01/04/2019 0 0 0 0
17/05/2019 Transfer 900 0.01 900 0.01
24/05/2019 Transfer -900 -0.01 0 0
05/07/2019 Transfer 105 0 105 0
09/08/2019 Transfer 46105 0.46 46210 0.46
16/08/2019 Transfer -9480 -0.09 36730 0.37
23/08/2019 Transfer -11062 -0.11 25668 0.26
30/08/2019 Transfer -25188 -0.25 480 0
06/09/2019 Transfer 600 0.01 1080 0.01
13/09/2019 Transfer 1171 0.01 2251 0.02
20/09/2019 Transfer -2251 -0.02 0 0
27/09/2019 Transfer 120 0 120 0
11/10/2019 Transfer -120 0 0 0
15/11/2019 Transfer 43 0 43 0
22/11/2019 Transfer -43 0 0 0
20/12/2019 Transfer 100 0 100 0
27/12/2019 Transfer -100 0 0 0
17/01/2020 Transfer 100 0 100 0
24/01/2020 Transfer -100 0 0 0
14/02/2020 Transfer 25 0 25 0
28/02/2020 Transfer 475 0 500 0.01
06/03/2020 Transfer -500 -0.01 0 0
At the end of the year 31/03/2020 0 0
13 RAHUL ANANTRAI MEHTA
At the beginning of the year 01/04/2019 0 0 0 0
20/09/2019 Transfer 18096 0.18 18096 0.18
27/09/2019 Transfer 10459 0.1 28555 0.29
04/10/2019 Transfer 1000 0.01 29555 0.3
01/11/2019 Transfer 2483 0.02 32038 0.32
08/11/2019 Transfer 76 0 32114 0.32
15/11/2019 Transfer 15 0 32129 0.32
22/11/2019 Transfer 30 0 32159 0.32
29/11/2019 Transfer 6 0 32165 0.32
06/12/2019 Transfer -13353 -0.13 18812 0.19
20/12/2019 Transfer 1590 0.02 20402 0.2
03/01/2020 Transfer 2833 0.03 23235 0.23
17/01/2020 Transfer -25 0 23210 0.23
31/01/2020 Transfer -200 0 23010 0.23
28/02/2020 Transfer -94 0 22916 0.23
At the end of the year 31/03/2020 22916 0.23
14 VINOD FOJMALJI KOTHARI H.U.F .
At the beginning of the year 01/04/2019 0 0 0 0
27/09/2019 Transfer 15695 0.16 15695 0.16
04/10/2019 Transfer 14957 0.15 30652 0.31
11/10/2019 Transfer 2200 0.02 32852 0.33
25/10/2019 Transfer 4600 0.05 37452 0.37
01/11/2019 Transfer 2898 0.03 40350 0.4
15/11/2019 Transfer 5 0 40355 0.4
22/11/2019 Transfer 100 0 40455 0.4
29/11/2019 Transfer 40 0 40495 0.4
14/02/2020 Transfer -525 -0.01 39970 0.4
At the end of the year 31/03/2020 39970 0.4
15 BOSCO ARMANDO MENEZES
At the beginning of the year 01/04/2019 0 0 0 0
02/08/2019 Transfer 2550 0.03 2550 0.03
09/08/2019 Transfer 15000 0.15 17550 0.18
23/08/2019 Transfer 2550 0.03 20100 0.2
30/08/2019 Transfer 9900 0.1 30000 0.3
At the end of the year 31/03/2020 30000 0.3
16 EMILY BOSCO MENEZES
At the beginning of the year 01/04/2019 0 0 0 0
09/08/2019 Transfer 2450 0.02 2450 0.02
23/08/2019 Transfer 550 0.01 3000 0.03
30/08/2019 Transfer 17000 0.17 20000 0.2
06/09/2019 Transfer 7500 0.07 27500 0.27
13/09/2019 Transfer 429 0 27929 0.28
20/09/2019 Transfer 2071 0.02 30000 0.3
At the end of the year 31/03/2020 30000 0.3
17 POLINENI MADHUSUDAN RAO
At the beginning of the year 01/04/2019 0 0 0 0
09/08/2019 Transfer 12298 0.12 12298 0.12
16/08/2019 Transfer 2054 0.02 14352 0.14
23/08/2019 Transfer 3000 0.03 17352 0.17
20/09/2019 Transfer 7700 0.08 25052 0.25
22/11/2019 Transfer 1000 0.01 26052 0.26
29/11/2019 Transfer 500 0.01 26552 0.27
14/02/2020 Transfer 1000 0.01 27552 0.28
At the end of the year 31/03/2020 27552 0.28
18 KANTA DEVI SAMDARIA
At the beginning of the year 01/04/2019 0 0 0 0
30/08/2019 Transfer 20038 0.2 20038 0.2
20/09/2019 Transfer -8265 -0.08 11773 0.12
27/09/2019 Transfer 7927 0.08 19700 0.2
At the end of the year 31/03/2020 19700 0.2

v) Shareholding of Directors and Key Managerial Personnel:

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

Shareholding at the beginning of the year

Cumulative Shareholding during the year

Reasons for change No. of shares % of total shares of the company No. of shares % of total shares of the company
1. Mrs. Latika Datt Abbott
At the beginning of the year 359920 3.60 -- --
Date wise Increase / Decrease in Promoters Shareholding during the
year specifying the reasons for 20.12.2019 (359920) -- -- --
increase /decrease (e.g. allotment / transfer / bonus/ sweat equity etc.): Transfer
At the end of the year -- -- 0 0
2. Mrs. Charu Datt Bhatia
At the beginning of the year 359910 3.60 -- --
Date wise Increase / Decrease in Promoters Shareholding during the
year specifying the reasons for 20.12.2019 (359910) -- -- --
increase /decrease (e.g. allotment / transfer / bonus/ sweat equity etc.): Transfer
At the end of the year -- -- 0 0
3. Mrs. Usha Datt
At the beginning of the year 1035751 10.35 -- 0.00
Date wise Increase / Decrease in Promoters Shareholding during the 10.05.2019 Transmission 2131125
year specifying the reasons for 20.12.2019 (3166876) -- -- --
increase /decrease (e.g. allotment / transfer / bonus/ sweat equity etc.): Transfer
At the end of the year -- -- 0 0.00
4 Mr. Satish Kumar
. At the beginning of the year NIL NIL NIL NIL
Date wise Increase / Decrease in Promoters Shareholding during the year specifying the reasons for increase /decrease (e.g. allotment / transfer / bonus/ sweat equity etc.): NIL NIL NIL NIL
At the end of the year NIL NIL NIL NIL
5 Mr. Lalit Mohan Segat
At the beginning of the year NIL NIL NIL NIL
Date wise Increase / Decrease in Promoters Shareholding during the year specifying the reasons for increase /decrease (e.g. allotment / transfer / bonus/ sweat equity etc.): NIL NIL NIL NIL
At the end of the year NIL NIL NIL NIL
6 Mrs. Vijay Rathee
At the beginning of the year 0 0 - -
Date wise Increase / Decrease in 20.12.2019 3037549
Promoters Shareholding during the Transfer - - NIL
year specifying the reasons for 30.01.2020 359910
increase /decrease (e.g. allotment / transfer / bonus/ sweat equity etc.): Transfer
At the end of the year - - 3397459 33.95
7 Mr. Kuldip Singh Rathee
At the beginning of the year 0 0 - -
Date wise Increase / Decrease in 11.10.2019 15395
Promoters Shareholding during the Transfer - - -
year specifying the reasons for 20.12.2019
increase /decrease (e.g. allotment / transfer / bonus/ sweat equity etc.): Transfer 3526796
At the end of the year - 3542191 35.39
8 Mr. Rajvir Singh Chhillar
At the beginning of the year NIL NIL NIL NIL
Date wise Increase / Decrease in
Promoters Shareholding during the NIL NIL NIL NIL
year specifying the reasons for
increase /decrease (e.g. allotment /
transfer / bonus/ sweat equity etc.):
At the end of the year NIL NIL NIL NIL
9 Mr. Hardeep Kumar Mahotra
At the beginning of the year NIL NIL NIL NIL
Date wise Increase / Decrease in
Promoters Shareholding during the NIL NIL NIL NIL
year specifying the reasons for
increase /decrease (e.g. allotment /
transfer / bonus/ sweat equity etc.):
At the end of the year NIL NIL NIL NIL
10 Mr. Sandip Kumar Chaubey
At the beginning of the year NIL NIL NIL NIL
Date wise Increase / Decrease in
Promoters Shareholding during the NIL NIL NIL NIL
year specifying the reasons for
increase /decrease (e.g. allotment / transfer / bonus/ sweat equity etc.):
At the end of the year NIL NIL NIL NIL

V) INDEBTEDNESS

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

Secured excluding deposits Loans Unsecured Loans Deposits Total Indebted ness
Indebtedness at the beginning of the financial year
(i) Principal Amount 0 0 0 0
(ii) Interest due but not paid 0 0 0 0
(iii) Interest accrued but not due 0 0 0 0
Total (i+ii+iii) 0 0 0 0
Change in Indebtedness during the financial year 0 0 0 0
* Addition 0 0 0 0
* Reduction 0 0 0 0
Net Change 0 0 0 0
Indebtedness at the end of the financial year 0 0 0 0
(i) Principal Amount 0 0 0 0
(ii) Interest due but not paid 0 0 0 0
(iii) Interest accrued but not due 0 0 0 0
Total (i+ii+iii) 0 0 0 0

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

SL. Particulars of Remuneration

Name of MD/WTD/ Manager

Total Amount
*Mrs. Latika Datt Abbott Managing Director # Mrs. Vijay Rathee Managing Director
1 Gross salary
(a) Salary as per provisions contained in section 17(1) of the 4,95,000 1,89,677 6,84,677
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 - - -
(Medical, LTA, PF contribution etc.)
Total (A) 4,95,000 1,89,677** 6,84,677

* Mrs. Latika Datt Abbott resigned as Managing Director from the Company w.e.f. closing hours of 27.12.2019 # Mrs. Vijay Rathee appointed as Managing Director of the Company w.e.f. 27.12.2019 ** Remuneration of Mrs. Rathee is exceeding the limits prescribed in Section 197, however, the same is within the limits specified in Schedule V of the Companies Act, 2013, approval of the Members is sought in this regard.

B. Remuneration to other directors

Particulars of Remuneration

Name of Directors

Total
Mr. Lalit Mohan Segat Mr. Satish Kumar Mr. Kuldip Singh Rathee Mr. Rajvir Singh Chhillar Mr. Hardeep Kumar Mahotra Amount In. Rs.
Category of Director Independent Director Independent Director Non- Executive Director Independent Director Independent Director
Fee for attending board committee meetings 5,000 15,000 - - - 20,000
Commission - - - - - -
Others, please specify - - - - - -
Total 5,000 15,000 - - - 20,000

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

Sl. Particulars of Remuneration

Key Managerial Personnel

Rajeev Gautam CFO(KMP) *Sandip Kumar Chaubey, Company Secretary Total Amount (in Rs.)
1 Gross salary
(a) Salary as per provisions contained in section 17(1) of the Income-tax Act, 1961 6,99,712 160,356 8,60,068
(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 6,99,712 1,60,356 8,60,068

*Appointed as Company Secretary w.e.f. 09.12.2019

VII. PENALTIES / PUNISHMENT/ COMPOUNDING OF OFFENCES:

Type Section of the Companies Act Brief Description Details of Penalty Punishment/ Compounding imposed

/ Authority [RD / NCLT/ fees COURT]

Appeal made, if any (give Details)
A. COMPANY
Penalty -- -- -- -- --
Punishment -- -- -- -- --
Compounding -- -- -- -- --
B. DIRECTORS
Penalty -- -- -- -- --
Punishment -- -- -- -- --
Compounding -- -- -- -- --
C. OTHER OFFICERS IN DEFAULT
Penalty -- -- -- -- --
Punishment -- -- -- -- --
Compounding -- -- -- -- --

Place : Gurugram Date : 27.06.2020

For and on behalf of the Board of Directors
Vijay Rathee Kuldip Singh Rathee
Managing Director Director
DIN-00042731 DIN- 00041032