STEEL STRIPS WHEELS LIMITED 22.06.2018 4 SCM Fintrade Pvt. Ltd. At the Beginning of the year Increase/decrease in shareholding during the year 2018-19
STEEL STRIPS WHEELS LIMITED - - - - - - - - ANNEXURE-C - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - TO THE BOARDS` REPORT Form No.MGT-9 EXTRACT OF ANNUAL RETURN As on the nancial year ended on 31.03.2019 [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 ii) Registration Date iii) Name of the Company iv) Category / Sub-Category of the Company v) Address of the Registered ofce and contact details vi) Whether listed company vii) Name, Address and Contact details of Registrar and Transfer Agent, if any L27107PB1985PLC006159 28th February 1985 Steel Strips Wheels Limited Public Limited Company having Share Capital Village Somalheri/Lehli P.O.Dappar Tehsil Derabassi, District SAS Nagar (Mohali), Punjab-140506. Ph. No. 0172-2793112 Yes Link Intime India Pvt. Ltd. Noble Heights Ist Floor, Plot No. NH-2, C-1 Block, LSC Near Savitri Market, Janakpuri, New Delhi 110 058 Ph. No. 011- 49411000, 41410592-94 II. PRINCIPAL BUSINESS ACTIVITIES OF THE COMPANY All the business activities contributing 10% or more of the total turnover of the Company. S.No. 1 Name and Description of main products/ services Manufacture of Wheel Rims (Auto Parts and Equipment Industry) NIC C ode of the Product/ service 29301 % to total turnover of the Company 100% III. PARTICULARS OF HOLDING, SUBSIDIARY & ASSOCIATE COMPANIES The Company is not having any Holding Company, Subsidiary Company and Associate Company. 23 STEEL STRIPS GROUP IV. SHAREHOLDING PATTERN (Equity Share Capital Breakup as Percentage of Total Equity) i) Category-wise Shareholding. Category of Shareholders A. Promoters (1) Indian a)Individual/HUF b) Central Govt. c)State Govt.(s) d)Bodies Corporate e)Banks/FI f) Any Other Sub-Total (A)(1): (2) Foreign a)NRIs-Individuals b)Other-Individual c)Bodies Corporate d) Banks/FI e)Any Other Sub-Total(A)(2): Total Shareholding of Promoters (A)=(A) (1)+(A)(2) B. Public Shareholding (1) Institutions a)Mutual Funds/UTI b)Banks/FI c)Central Govt. d) State Govt, e)Venture Capital Fund f)Insurance Company g)Foreign Institutional/ Portfolio Investor h)Foreign Venture Capital Funds i) Any Other (specify) Sub Total(B) (1) B2 Non-Institution a)Bodies Corporate i) Indian ii) Overseas No of shares held at the beginning of the Year(As on 01.04.2018) De-mat Physical Total % of Total Shares No of shares held at the end of the Year (As on 31.03.2019) De-mat Physical Total % of Total Shares % change during the year 5015561 - 5015561 32.24 5189855 - 5189855 33.29 1.05 3947965 1250 3949215 25.39 3973853 1250 3975103 25.50 0.11 - - - - - - - - 8963526 1250 8964776 57.63 9163708 1250 9164958 58.79 1.16 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 8963526 1250 8964776 57.63 9163708 1250 9164958 58.79 1.16 315613 79747 91943 487303 750 1450 - 2200 316363 81197 91943 489503 2753570 - 2900 2756470 - 2.03 0 0.52 66961 - - - - - - - 0.60 90003 - - - - 3.15 156964 750 1450 - - 2200 750 68411 - 90003 159164 17.72 2843250 - - 2750 - 2846000 - 0.005 0.44 - 0.58 1.02 18.26 (2.03) (0.08) - (0.02) (2.13) 0.54 - b) Individuals i)individual shareholders holding nominal share capital up to Rs.1 lakh ii)individual shareholders holding nominal share capital in excess of Rs. 1 lakh c) other (Specify) Trusts Foreign Body Corporate Non Resident Indian Clearing Members Hindu Undivided Family Investor Education & Protection fund authority Sub Total (B)(2) (B)Total Public shareholding(B)=(B)(1)+(B)(2) (c) Shares held by Custodians for GDRs & ADRs Grand Total(A)+(B)+(C) 1380251 296905 2061 1059525 69171 12183 51301 165563 5790530 6277833 15241359 308261 1688512 - 296905 - 2061 - 1059525 - 69171 - 12183 300 51601 - 165563 311461 6101991 313661 6591494 - - 314911 15556270 10.85 1578132 259746 1837878 1.91 170033 - 170033 11.79 1.08 0.01 2061 6.81 1059525 0.44 95989 0.08 24737 0.33 52578 1.06 176497 - 2061 - 1059525 - 95989 - 24737 300 52878 - 176497 39.22 6002802 262796 42.37 6159766 264996 6265598 6424762 - - - - 100.00 15323474 266246 15589720 0.01 6.79 0.62 0.16 0.34 1.13 40.19 41.21 - 100.00 0.94 (0.83) 0.00 (0.02) 0.18 0.08 0.01 0.07 0.97 (1.16) - 24 STEEL STRIPS WHEELS LIMITED ii) Shareholding of Promoters S.No. Shareholders Name 1 Sh. R. K. Garg 2 Smt. Sunena Garg 3 Sh. Dheeraj Garg 4 Ms. Priya Garg 5 SAB Industries Ltd. 6 SAB Udyog Ltd. 7 Chandigarh Developers Pvt. Ltd. 8 Malwa Chemtex Udyog Ltd. 9 DHG Marketing Pvt. Ltd. 10 Steel Strips Financiers Pvt. Ltd. 11 Chandigarh Aircraft Management Services Pvt. Ltd. 12 **Munak International Pvt. Ltd Shareholding at the beginning of the Year Shareholding at the end of the Year (As on 01.04.2018) (As on 31.03.2019) No. of Shares % of total shares of the Company % of shares Pledged/en cumbered to total shares* No. of Shares % of total shares of the Company % of shares Pledged/en cumbered to total shares % change in shareholding during the year* 292571 1.88 - 292571 1.88 - - 3500 0.02 - 177794 1.14 - 1.12 4640228 29.83 12.43 4640228 29.76 24.13 (0.07) 79262 0.51 - 79262 0.51 0.51 - 1324187 8.52 3.86 1324187 8.50 3.85 (0.02) 1142582 7.35 - 1142582 7.33 - (0.02) 569132 3.66 - 569132 3.65 3.65 (0.01) 385000 2.47 - 385000 2.47 - - 501094 3.22 2.35 501094 3.21 1.80 (0.01) 20000 0.13 - 20000 0.13 - - 0 0 - 25888 0.17 - 0.17 2250 0.02 - 2250 0.02 - - 13 S. S. Credits Pvt. Ltd. 1600 0.01 - 1600 0.01 - - 14 **S. J. Mercantile Pvt Ltd. (Earlier 1250 0.01 - 1250 0.01 - - known as S. A Holdings Pvt. Ltd.) 15 **Steel Strips Leasing Ltd (now 500 0.00 - 500 0.00 - - known as Steel Strips Industries Ltd) 16 Malwa Holdings Pvt. Ltd. 400 0.00 - 400 0.00 - - 17 Munak Investments Pvt. Ltd. 400 0.00 - 400 0.00 - - 18 **Munak Financiers Pvt. Ltd. 400 0.00 - 400 0.00 - - 19 **Steel Strips Ltd 300 0.00 - 300 0.00 - - 20 Steel Strips Holdings Pvt. Ltd. 120 0.00 - 120 0.00 - - Total 8964776 57.63 18.64 9164958 58.79 33.94 1.16 (i) *The % of shares pledged/encumbered represents % of shares pledged/encumbered as a % of the total Shares of the Company. (ii) **Steel Strips Leasing Ltd (now known as Steel Strips Industries Ltd), Munak Financiers P. Ltd, Steel Strips Ltd and S.A. Holdings P. Ltd (now known as S.J. Mercantile P. Ltd) have sold 500, 400, 300 and 50 shares (totaling 1250 shares ) respectively long back, but not yet lodged by the purchasers in public category with the Company. These shares are still standing in the name of above stated promoters in physical forms in member register. Further as per our member register, Munak International Pvt. Ltd (MIPL) is holding 2250 shares. However out of this, 50 shares have already been sold by MIPL long back, however the same is still outstanding in its name. (iii) During the nancial year 2018-19, the Company has allotted 24000 equity shares and 9450 equity shares under ESOS-2016 and ESOS-2014 respectively. The paid up share capital of the Company pursuant to such allotment, has been increased from Rs.15,55,62,700/- to. Rs.15,58,97,200/-. Therefore % of shareholding of certain promoters slightly reduced as on 31.03.2019. (iv) Chandigarh Aircraft Management Services Private Ltd, Promoter Group Company did not hold any equity shares of the Company as on 31.03.2018. It had acquired shares of the Company during the nancial year 2018-19 and has subsequent to such acquisition been shown in the list of shareholding of promoters as on 31.03.2019. 25 STEEL STRIPS GROUP iii) Change in Promoters' Shareholding (Please Specify, if there is no change) S.No. Name of shareholders Shareholding at the beginning of the Year No. of Shares % of total shares of the Company 1 Sunena Garg At the beginning of the Year 3500 0.02 Market Purchase on: 04.12.2018 05.12.2018 06.12.2018 18.02.2019 19.02.2019 20.02.2019 25.02.2019 26.02.2019 27.02.2019 28.02.2019 01.03.2019 20.03.2019 22.03.2019 25.03.2019 26.03.2019 27.03.2019 28.03.2019 29.03.2019 3000 0.02 14484 0.09 16077 0.10 46189 0.30 14513 0.09 8796 0.06 3102 0.02 4160 0.03 3944 0.03 5763 0.04 2500 0.02 7449 0.05 4673 0.03 14981 0.09 7021 0.05 3557 0.02 12894 0.08 1191 0.01 At the end of the year 2 Chandigarh Aircraft Management 177794 1.14 Services Pvt. Ltd. At the beginning of the Year 0 0.00 Market Purchase on 27.09.2018 28.09.2018 29.10.2018 21.12.2018 24.12.2018 At the end of the year 5087 0.03 10543 0.07 1008 0.01 6250 0.04 3000 0.02 25888 0.17 Cumulative Shareholding during the year No. of % of total shares of Shares the Company 3500 0.02 6500 0.04 20984 0.13 37061 0.24 83250 0.53 97763 0.63 106559 0.68 109661 0.70 113821 0.73 117765 0.76 123528 0.79 126028 0.81 133477 0.86 138150 0.89 153131 0.98 160152 1.03 163709 1.05 176603 1.13 177794 1.14 177794 1.14 0 0.00 5087 0.03 15630 0.10 16638 0.11 22888 0.15 25888 0.17 25888 0.17 Note: Smt. Sunena Garg is also holding 750000 warrants convertible into equity shares of Rs. 10/- each. Date of allotment was 26.05.2018. The said warrants are yet to be exercised by the warrant holder Smt. Sunena Garg. There is no change in other Promoters shareholding during FY 2018-19 iv) Shareholding Pattern of Top Ten shareholders (Other than Directors, Promoters and Holders of GDRs and ADRs) S.No. Name of the Shareholders Shareholding at the beginning of theYear Cumulative Shareholding during the year No. of Shares % of total shares No. of Shares % of total shares of of the Company the Company 1 Tata Steel Ltd At the Beginning of the year 1086972 6.99 1086972 6.99 Increase/decrease in shareholding during the 0 0.00 1086972 6.97 year 2018-19 At the End of the Year 1086972 6.97 1086972 6.97 2 Sumitomo Metal Industries Ltd. At the Beginning of the year 850000 5.46 850000 5.46 Increase/decrease in shareholding during the 0 0.00 850000 5.45 year 2018-19 At the End of the Year 850000 5.45 850000 5.45 3 Priya Tools Pvt. Ltd. At the Beginning of the year 526874 3.39 526874 3.39 Increase/decrease in shareholding during the 0 0.00 526874 3.38 year 2018-19 At the End of the Year 526874 3.38 526874 3.38 26 4 SCM Fintrade Pvt. Ltd. At the Beginning of the year Increase/decrease in shareholding during the year 2018-19 At the End of the Year 5 Bloomen Flora Ltd. At the Beginning of the year Increase/decrease in shareholding during the year 2018-19 At the End of the Year 6 Kalink Co. Ltd At the Beginning of the year Increase/decrease in shareholding during the year 2018-19. At the End of the Year 7 Investor Education and Protection Fund Authority Ministry of Corporate Affairs At the Beginning of the year Increase/decrease in shareholding during the year 2018-19 on: 03.12.2018 20.12.2018 At the End of the Year 8 #MAX LIFE INSURANCE COMPANY LIMITED A/C -ULIF00225/06/04LIFEBALANC104 BALANCED FUND At the Beginning of the year Increase/decrease in shareholding during the year 2018-19 on: 06.04.2018 20.04.2018 22.06.2018 30.06.2018 06.07.2018 20.07.2018 02.11.2018 07.12.2018 14.12.2018 21.12.2018 28.12.2018 31.12.2018 04.01.2019 11.01.2019 18.01.2019 25.01.2019 01.02.2019 08.02.2019 22.02.2019 01.03.2019 08.03.2019 15.03.2019 22.03.2019 At the End of the Year STEEL STRIPS WHEELS LIMITED 487691 3.14 487691 3.14 0 0.00 487691 3.13 487691 3.13 487691 3.13 486496 3.13 486496 3.13 0 0.00 486496 3.12 486496 3.12 486496 3.12 269275 1.73 269275 1.73 0 0.00 269275 1.73 269275 1.73 269275 1.73 165563 1.06 165563 1.06 11434 0.07 176997 1.14 (500) (0.003) 176497 1.13 176497 1.13 176497 1.13 40500 0.26 40500 0.26 103058 0.66 143558 0.92 41535 0.27 185093 1.19 1800 0.01 186893 1.20 2700 0.02 189593 1.22 680 0.00 190273 1.22 1800 0.01 192073 1.23 6708 0.05 198781 1.28 2700 0.01 201481 1.29 (2399) (0.01) 199082 1.28 (8497) (0.06) 190585 1.22 (3565) (0.02) 187020 1.20 (194) (0.00) 186826 1.20 (7285) (0.05) 179541 1.15 (4726) (0.03) 174815 1.12 (671) (0.00) 174144 1.12 (4416) (0.03) 169728 1.09 (6000) (0.04) 163728 1.05 (6000) (0.04) 157728 1.01 (9732) (0.06) 147996 0.95 (6043) (0.04) 141953 0.91 (2000) (0.01) 139953 0.90 (2847) (0.01) 137106 0.88 (1336) (0.01) 135770 0.87 135770 0.87 135770 0.87 27 STEEL STRIPS GROUP 9 Amrit Sagar Mittal At the Beginning of the year 101044 0.65 101044 0.65 Increase/decrease in shareholding during the year 2018-19 on: 06.04.2018 (101044) (0.65) 0 0.00 20.04.2018 14329 0.09 14329 0.09 27.04.2018 10383 0.07 24712 0.16 04.05.2018 2000 0.01 26712 0.17 18.05.2018 8000 0.05 34712 0.22 01.06.2018 8754 0.06 43466 0.28 08.06.2018 10000 0.06 53466 0.34 13.07.2018 3000 0.02 56466 0.36 27.07.2018 8000 0.05 64466 0.41 03.08.2018 3000 0.02 67466 0.43 At the End of the Year 67466 0.43 67466 0.43 10 General Insurance Corporation of India At the Beginning of the year Increase/decrease in shareholding during the 44502 0.28 44502 0.28 year 2018-19 0 0 44502 0.28 At the End of the Year 44502 0.28 44502 0.28 11 *Aditya Birla Sun Life Trustee Private Limited A/C Aditya Birla Sun Life Pure Value Fund At the Beginning of the year 315613 2.03 315613 2.03 Increase/decrease in shareholding during the year 2018-19 on: 06.04.2018 (11700) (0.07) 303913 1.95 13.04.2018 (9666) (0.06) 294247 1.89 20.04.2018 (42134) (0.27) 252113 1.62 27.04.2018 (67300) (0.43) 184813 1.19 04.05.2018 (10400) (0.07) 174413 1.12 11.05.2018 (4230) (0.03) 170183 1.09 18.05.2018 (1000) (0.01) 169183 1.08 25.05.2018 (1743) (0.01) 167440 1.07 01.06.2018 (3150) (0.02) 164290 1.05 08.06.2018 (9328) (0.06) 154962 0.99 15.06.2018 (11574) (0.07) 143388 0.92 22.06.2018 (2540) (0.02) 140848 0.90 30.06.2018 (1800) (0.01) 139048 0.89 06.07.2018 (1600) (0.01) 137448 0.88 20.07.2018 (8900) (0.06) 128548 0.82 27.07.2018 (113) (0.00) 128435 0.82 03.08.2018 (800) (0.00) 127635 0.82 10.08.2018 (8100) (0.05) 119535 0.77 05.10.2018 16.11.2018 7400 0.04 126935 0.81 (1066) (0.01) 125869 0.80 07.12.2018 (35800) (0.22) 90069 0.58 14.12.2018 (1000) (0.01) 89069 0.57 22.02.2019 (73771) (0.47) 15298 0.10 01.03.2019 (8598) (0.06) 6700 0.04 29.03.2019 (6700) (0.04) 0 0.00 At the End of the Year 0 0.00 0 0.00 28 STEEL STRIPS WHEELS LIMITED 12 *Manisha Lodha At the Beginning of the year Increase/decrease in shareholding during the 70000 0.45 70000 0.45 year 2018-19 on: 04.05.2018 (10000) (0.06) 60000 0.39 11.05.2018 (4550) (0.03) 55450 0.36 18.05.2018 (5450) (0.04) 50000 0.32 30.06.2018 (3500) (0.02) 46500 0.30 06.07.2018 (1500) (0.01) 45000 0.29 27.07.2018 (6000) (0.04) 39000 0.25 03.08.2018 (7100) (0.05) 31900 0.20 17.08.2018 (5500) (0.03) 26400 0.17 29.09.2018 (7400) (0.05) 19000 0.12 05.10.2018 (1500) (0.01) 17500 0.11 09.11.2018 (8000) (0.05) 9500 0.06 30.11.2018 (700) (0.00) 8800 0.06 22.02.2019 (1400) (0.01) 7400 0.05 08.03.2019 (3400) (0.02) 4000 0.03 15.03.2019 (4000) (0.03) 0 0.00 At the End of the Year 0 0.00 0 0.00 **ceased to be in the list of top 10 shareholders as on 31.03.2019. The same has been reected above since shareholders were one of the top 10 shareholders as on 01.04.2018. # Not in the list of top ten shareholders as on 01.04. 2018.The same has been reected above since shareholders were one of the top ten shareholders as on 31.03.2019. Date of increase/decrease has been considered as the date on which beneciary positions was provided by the depositories. Due to the reason as mentioned at point no. (iv) in shareholding of promoters, % of shareholding of certain above mentioned shareholders in the list has slightly reduced as on 31.03.2019. v) Shareholding of Directors and Key Managerial Personnel S. Name of the Director No. 1. Sh. R. K. Garg At the beginning of the year Shareholding at the beginning of the Year No. of % of total shares Shares of the Company Cumulative Shareholding during the year No. of % of total shares Shares of the Company 292571 1.88 292571 1.88 Date wise Increase/Decrease in shareholding during the year At the end of the Year 2. Sh. Dheeraj Garg At the beginning of the year Date wise Increase/Decrease in shareholding during the year At the end of the Year 3. Sh. Andra Veetil Unnikrishnan At the beginning of the year Allotment under ESOS on 28.07.2018 At the end of the Year 4. Sh. Manohar Lal Jain At the beginning of the year Sale of shares in open market on: 25.04.2018 30.04.2018 At the end of the Year 5. Sh. Madan Mohan Chopra At the beginning of the year Date wise Increase/Decrease in shareholding during the year At the end of the Year - 292571 4640228 - 4640228 1612 3500 5112 20853 (500) (50) 20303 10000 - 10000 - 1.88 29.83 - 29.76 0.01 0.02 0.03 0.13 (0.003) (0.00) 0.13 0.06 - 0.06 292571 292571 4640228 4640228 4640228 1612 3500 5112 20853 20353 20303 20303 10000 - 10000 1.88 1.88 29.83 29.76 29.76 0.01 0.02 0.03 0.13 0.13 0.13 0.13 0.06 - 0.06 Ms. Jaspreet Takhar, Sh. Sudhanshu Shekhar Jha, Sh. Surinder Kumar Bansal, and Sh. Sanjay Surajprakash Sahni, Directors of the Company, did not hold any shares during the financial year 2018-19 29 STEEL STRIPS GROUP Name of the Key Managerial Personnel Name of the KMP Shareholding at the beginning of Cumulative Shareholding during the Year the year No. of % of total shares No. of % of total shares Shares of the Company Shares of the Company 1. Sh. Ayush Thareja (CFO ) At the beginning of the year 0 0.00 0 0.00 Date wise Increase/Decrease in - - - - shareholding during the year: At the end of the Year 0 0.00 0 0.00 2. Sh. Shaman Jindal (Company Secretary) At the beginning of the year 0 0.00 0.00 0.00 Allotment of 1250 shares on 28.07.2018 1250 0.01 1250 0.01 under ESOS 2016 At the end of the Year 1250 0.01 1250 0.01 Note : During the year Sh. Naveen Sorot, who was associated with the company as CFO till 18.09.2018, was holding 19 equity shares of the company at the beginning of the year and was allotted 500 equity shares of Rs.10/- each on 28.07.2018 upon exercise of stock option by him under ESOS 2016. He sold 150 equity shares on 11.09.2018 and as on 18.09.2018, he was holding 369 equity shares of the company. V. INDEBTEDNESS Indebtedness of the Company including interest outstanding/accrued but not due for payment Secured Loans Unsecured excluding deposits Loans Deposits (Rs. in Lacs) Total Indebtedness (Amount in Rs.) Indebtedness at the beginning of the nancial year (01.04.2018) i) Principal Amount ii)Interest due but not paid iii)Interest accrued but not due Total (i+ii+iii) Change in Indebtedness during the nancial year · Addition · Reduction (net of uctuation) Net Change Indebtedness at the end of the nancial year(31.03.2019) i) Principal Amount ii) Interest due but not paid iii) Interest accrued but not due Total (i+ii+iii) 97506.19 - 97506.19 15193.01 - 15193.01 9999.80 13268.80 (3269.00) 4445.17 (4445.17) 94237.19 - 94237.19 30 10747.84 10747.84 - 112699.20 - - - - - 112699.20 - 9999.80 - 17713.97 - (7714.17) - 104985.03 - - - - - 104985.03 STEEL STRIPS WHEELS LIMITED VI. REMUNERATION OF DIRECTORS AND KEY MANAGERIAL PERSONNEL A. Remuneration to Managing Director(MD), Whole-time Directors (WTD) and/or Manager: (Rs. in lac) S. Particulars of Remuneration No. Name of MD/WTD/ Manager Total Amount (In Rs) Sh. Dheeraj Garg (MD) Sh. Andra Veetil Unnikrishnan (DMD) Sh. Manohar Lal Jain (ED) 1 Gross salary (a) Salary as per provisions contained in section 17(1) of the Income tax Act,1961 28.80 45.77 46.56 121.13 (b) Value of perquisites u/s 17(2) Income-tax Act, 1961 - - - - (c) Prots in lieu of salary under section 17(3) Income tax Act, 1961. - - - - 2 Stock Options 3 Sweat Equity 4 Commission - As % of Prot - Others, specify 5 Others, please Specify : Provident fund Total (A) Ceiling as per the Act - 36.51 - 36.51 - - - - 540.51 - - - 540.51 - - - 2.16 3.60 3.89 9.65 571.47 85.88 50.45 707.80 Rs. 1257.23 lac (being 11% of Net prot of the Company as calculated as per the provisions of Section 198 of the Companies Act, 2013.) B. Remuneration to other Directors: 1. Independent Directors Sr. Name of Directors No. Particulars of Remuneration(fee for attending Board/Committee, Commission, Other Specify) (Rs. in lac) Total Amount (In Rs.) 1 Sh. Sukhbir Singh Grewal 2. Sh. Sudhanshu Shekhar Jha 3. Sh. Surinder Kumar Bansal 4. Sh. Madan Mohan Chopra 5. Ms. Jaspreet Takhar Total (1) Fee for Attending Board Meeting Fee for Attending Board Meeting & Audit Committee Meeting Fee for Attending Board Meeting & Audit Committee Meeting Fee for Attending Board Meeting & Audit Committee Meeting Fee for Attending Board Meeting 0.20 0.70 0.90 0.80 0.20 2. 8 0 2. Other Non Executive Directors Sr. Name of Directors No. 1. Sh. Rajinder Kumar Garg Total (2) Total (B) = (1+2) Total Managerial Remuneration Overall Ceiling as per the Act Particulars of Remuneration(fee for attending Board/Committee, Commission, Other Specify) Fee for Attending Board Meeting Rs. 1257.23 lac (being 11% of Net prot of the Company) (Rs. in lac) Total Amount (In Rs.) 0.80 0.80 3.60 711.40 Note: (i) Sh. Sukhbir Singh Grewal, Non-Executive Independent Director of the Company ceased to be the Director and Chairman/Member of the committees of the Board of Directors of the Company w.e.f 21.07.2018 due to his demise. He was paid sitting fee of Rs. 0.20 Lacs as sitting fee for attending one Board Meeting held on during the nancial year 2018-19 as stated above. (ii) Sh. Chanakya Chaudhary (ceased w.e.f 01.10.2018) and Sh. Sanjay Surajprakash Sahni (appointed w.e.f 14.11.2018), NonExecutive Directors of the Company, nominated by Tata Steel Limited (Equity investor), were not entitled to get any sitting fee for attending the Board meeting of the Company, as per the policy of Tata Steel Limited. 31 STEEL STRIPS GROUP C. REMUNERATION TO KEY MANAGERIAL PERSONNEL OTHER THAN MD/MANAGER/WTD S. Particulars of Remuneration No Key Managerial Personnel (Rs. in lac) Sh. Naveen Sorot (Chief Financial Ofcer)* Sh. Ayush Thareja (Chief Financial Ofcer)* Sh. Shaman Jindal Total (Company Secretary) Amount (In Rs) 1 Gross salary 16.32 1.76 (a) Salary as per provisions contained in section 17(1) of the Income-tax Act, 1961 21.50 39.58 (b) Value of perquisites u/s 17(2) Incometax Act, 1961 (c) Prots in lieu of salary under section 17(3) Income- tax Act, 1961. 2 Stock Options 3 Sweat Equity 4 Commission - as% of Prot - Others specify 5 Others, please Specify: Provident Fund Gratuity Total (A) - - 5.22 - 0.63 3.84 26.01 - - - 0.11 - 1.87 - - 13.04 - 1.51 - 36.05 - - 18.26 - 2.25 3.84 63.93 * Sh. Naveen Sorot, Chief Financial Ofcer of the Company resigned w.e.f 18.09.2018 and Sh. Ayush Thareja was appointed as Chief Financial Ofcer of the Company w.e.f 14.02.2019. The above mentioned salaries of the Chief Financial Ofcers for the nancial year 2018-19 has been shown for and/or from the period for which they served the ofce as Chief Financial Ofcers. VII. PENALTIES/PUNISHMENT/COMPOUNDING OF OFFENCE: There were no penalties / punishment / compounding of offences for the year ending 31.03.2019. For and on behalf of the Board Date: 02.09.2019 Place: Chandigarh Rajinder Kumar Garg Chairman DIN: 00034827 32www.ilovepdf.com