ANNEXURE C TO BOARD’S REPORT Form No.MGT-9 EXTRACT OF ANNUAL RETURN As on the financial year ended on 31.03.2018 [Pursuant to Section 92(3) of the Companies Act, 2013 and Rule 12(1) of the
i) CIN. L27107PB1985PLC006159 ii) Registration Date. 28th February 1985 iii) Name of the Company. Steel Strips Wheels Limited.
ANNEXURE C TO BOARD'S REPORT Form No.MGT-9 EXTRACT OF ANNUAL RETURN As on the financial year ended on 31.03.2018 [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 office 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 Mohali, Punjab-140506. Ph. No. 0172-2793112 Yes Link Intime India Pvt. Ltd. 44, Community Center, 2nd Floor, Naraina Industrial Area, Phase- I, Near PVR Naraina, New Delhi 110 028 Ph. No. 011- 41410592,93 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 Manufacture of Wheel Rims 29301 (Auto Parts and Equipment Industry) 100% III.PARTICULARS OF HOLDING, SUBSIDIARY & ASSOCIATE COMPANIES S. Name and CIN/GLN Holding/ No Address of Subsidiary the Company / associate 1 NIL - - %of shares held Applicable Section - - IV. SHAREHOLDING PATTERN (Equity Share Capital Breakup as Percentage of Total Equity) i) Category-wise Shareholding. Category of Shareholders No of shares held at the beginning of the Year(As on 01.04.2017) 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 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) De-mat Physical Total % of Total Shares 5315561 - 5315561 34.22 3811871 - 9127432 9127432 1250 - 1250 1250 3813121 - 9128682 9128682 24.55 - 58.77 58.77 30000 51421 20922 102343 10400 1450 - 11850 40400 52871 20922 114193 2723072 - 4950 2728022 - - 1334386 483111 1817479 176328 - 176328 0.26 0.34 0.13 0.73 17.56 - 11.70 1.13 1000 1059525 56879 19706 54288 - 377000 400 - 1000 1436525 56879 19706 54688 - 5425184 865461 6290645 5527527 877311 6404838 - - - 14654959 878561 15533520 0.01 9.25 0.37 0.13 0.35 - 40.50 41.23 - 100.00 No of shares held at the end of the Year (As on 31.03.2018) De-mat Physical Total % of Total Shares 5015561 - 5015561 32.24 3947965 1250 3949215 25.39 8963526 8963526 1250 1250 8964776 8964776 57.63 - 57.63 315613 750 316363 2.04 79747 1450 81197 0.52 - - - - - - - - - - - - 91943 - 91943 0.59 - - - - - - - - 487303 2200 489503 3.15 2753570 2900 2756470 17.72 1396616 308261 1704877 280540 0 280540 10.96 1.81 2061 1059525 69171 12183 51301 165563 - 2061 - 1059525 - 69171 - 12183 300 51601 - 165563 5790530 311461 6101991 6277833 313661 6591494 - - - 15241359 314911 15556270 0.01 6.81 0.44 0.08 0.33 1.06 39.22 42.37 - 100.00 % change during the year (1.98) 0.84 (1.14) - (1.14) 1.78 0.18 - 0.46 - 2.42 0.16 (0.74) 0.68 0.00 (2.44) 0.07 (0.05) (0.02) 1.06 (1.28) 1.14 - ii)Shareholding of Promoters S. Shareholders Name No Shareholding at the beginning of the Year (As on 01.04.2017) No. of Shares % of total shares of the Company % of shares Pledged /encum bered to total shares* 1 Sh. R. K. Garg 292571 1.88 - 2 Smt. Sunena Garg 3500 0.02 - 3 Sh. Dheeraj Garg 4640228 29.87 6.06 4 Ms. Priya Garg 5 SAB Industries Ltd. 379262 1324187 2.44 - 8.53 3.22 6 SAB Udyog Ltd. 1142582 7.36 - 7 Chandigarh Developers 569132 3.67 - Pvt. Ltd. 8 Malwa Chemtex Udyog Ltd. 9 DHG Marketing Pvt. Ltd. 10 Steel Strips Financiers Pvt. Ltd. 385000 365000 20000 2.48 - 2.35 2.35 0.13 - 11 **Munak International 2250 0.02 - Pvt. Ltd Shareholding at the end of the Year (As on 31.03.2018) No. of Shares 292571 3500 4640228 79262 1324187 1142582 569132 % of total shares of the Comp any 1.88 0.02 29.83 0.51 8.52 7.35 3.66 % of shares Pledged /encumb ered to total shares 12.43 3.86 - % change in sharehol ding during the year* (0.04) (1.93) (0.01) (0.01) (0.01) 385000 2.47 - (0.01) 501094 3.22 2.35 0.87 20000 0.13 - - 2250 0.02 - - 12 S. S. Credits Pvt. Ltd. 13 **S. J. Mercantile Pvt Ltd. (Earlier known as S. A Holdings Pvt. Ltd.) 14 **Steel Strips Leasing Ltd (now known as Steel Strips Industries Ltd) 15 Malwa Holdings Pvt. Ltd. 16 Munak Investments Pvt. Ltd. 17 **Munak Financiers Pvt. Ltd. 18 **Steel Strips Ltd 19 Steel Strips Holdings Pvt. Ltd. Total 1600 1250 500 400 400 400 300 120 9128682 0.01 - 1600 0.01 - 0.01 - 1250 0.01 - 0.00 - 500 0.00 - 0.00 0.00 0.00 0.00 0.00 58.77 - 400 0.00 - 400 0.00 - 400 0.00 - 300 0.00 - 120 0.00 11.63 8964776 57.63 18.64 - - (1.14) (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 financial year 2017-18, the Company has allotted 22750 equity shares under Employee Stock Option Scheme 2014 (ESOS-2014), consequently paid up capital of the Company has been increased from Rs.15,53,35,200/- to Rs.15,55,62,700/-. Therefore % of shareholding of certain promoters slightly reduced as on 31.03.2018. iii) Change in Promoters' Shareholding (Please Specify, if there is no change) S. Name of the Shareholders No Shareholding at the beginning Cumulative Shareholding of the Year during the year No. of Shares % of total No. of % of total shares of the Shares shares of the Company Company 1 Priya Garg At the beginning of the Year 379262 2.44 379262 2.44 Market Sale on 06.06.2017 (300000) (1.93) 79262 0.51 At the end of the year 79262 0.51 79262 0.51 DHG Marketing Pvt. Ltd. At the beginning of the Year 365000 2.35 365000 2.35 Market Purchase on 1000 0.01 366000 2.36 19.10.2017 Market Purchase on 5137 0.03 371137 2.39 22.11.2017 Market Purchase on 129957 0.83 501094 3.22 23.11.2017 At the end of the year 501094 3.22 501094 3.22 There is no change in other Promoters shareholding during FY 2017- 18. iv) Shareholding Pattern of Top Ten shareholders (Other than Directors, Promoters and Holders of GDRs and ADRs) S. Name of the Shareholders No Shareholding at the beginning of the Year Cumulative Shareholding during the year No. of Shares % of total No. of % of total shares of Shares shares of the the Company Company 1 Tata Steel Ltd At the Beginning of the year 1086972 7.00 1086972 7.00 Increase/decrease in shareholding 0 0.00 1086972 6.99 during the year 2017-18 At the End of the Year 1086972 6.99 1086972 6.99 2 Sumitomo Metal Industries Ltd. At the Beginning of the year 850000 5.47 850000 5.47 Increase/decrease in shareholding 0 0.00 850000 5.46 during the year 2017-18 At the End of the Year 850000 5.46 850000 5.46 3 Priya Tools Pvt. Ltd. At the Beginning of the year 526874 3.45 526874 3.45 Increase/decrease in shareholding 0 0.00 526874 3.39 during the year 2017-18 At the End of the Year 526874 3.39 526874 3.39 4 SCM Fintrade Pvt. Ltd. At the Beginning of the year 487691 3.14 487691 3.14 Increase/decrease in shareholding 0 0.00 487691 3.14 during the year 2017-18 At the End of the Year 487691 3.14 487691 3.14 5 Bloomen Flora Ltd. At the Beginning of the year 489316 3.15 489316 3.15 Increase/decrease in shareholding during the year 2017-18 on: (1000) (0.01) 488316 3.14 12.05.2017 (1820) (0.01) 486496 3.13 19.05.2017 At the End of the Year 486496 3.13 486496 3.13 6 #Aditya Birla Sun Life Trustee Private Limited A/C Aditya Birla Sun Life Pure Value Fund At the Beginning of the year 0 0 0 0 Increase/decrease in shareholding during the year 2017-18 on: 09.06.2017 297463 1.91 297463 1.91 16.03.2018 3250 0.02 300713 1.93 23.03.2018 10000 0.07 310713 2.00 31.03.2018 4900 0.03 315613 2.03 At the End of the Year 315613 2.03 315613 2.03 7 Kalink Co. Ltd At the Beginning of the year 209525 1.35 209525 1.35 Increase/decrease in shareholding during the year 2017-18 on: 08.12.2017 13015 0.08 222540 1.43 26.01.2018 1383 0.01 223923 1.44 02.02.2018 45352 0.29 269275 1.73 At the End of the Year 269275 1.73 269275 1.73 8 #Investor Education And Protection Fund Authority Ministry of Corporate Affairs At the Beginning of the year 0 0 0 0 Increase/decrease in shareholding 165563 1.06 165563 1.06 during the year 2017-18 At the End of the Year 165563 1.06 165563 1.06 9 Amrit Sagar Mittal At the Beginning of the year 111933 0.72 111933 0.72 Increase/decrease in shareholding during the year 2017-18 on: 07.04.2017 17421 0.11 129354 0.83 14.04.2017 320 0.00 129674 0.83 21.04.2017 (7336) (0.04) 122338 0.79 28.04.2017 (1626) (0.01) 120712 0.78 09.06.2017 (786) (0.01) 119926 0.77 16.06.2017 (3017) (0.02) 116909 0.75 02.02.2018 (15865) (0.10) 101044 0.65 At the End of the Year 101044 0.65 101044 0.65 10 # Manisha Lodha At the Beginning of the year Increase/decrease in shareholding 0 0 0 0 during the year 2017-18 on: 17.11.2017 15000 0.10 15000 0.10 01.12.2017 34000 0.22 49000 0.32 08.12.2017 7500 0.05 56500 0.36 29.12.2017 10500 0.07 67000 0.43 12.01.2018 3000 0.02 70000 0.45 09.02.2018 3815 0.02 73815 0.47 16.02.2018 2185 0.01 76000 0.49 23.02.2018 (6000) (0.04) 70000 0.45 At the End of the Year 70000 0.45 70000 0.45 11 *General Insurance Corporation of India At the Beginning of the year 44502 0.29 44502 0.29 Increase/decrease in shareholding 0 0 44502 0.28 during the year 2017-18 At the End of the Year 44502 0.28 44502 0.28 12 *GS Global Corp. At the Beginning of the year Increase/decrease in shareholding 377000 2.43 377000 2.43 during the year 2017-18 (377000) (2.43) 0 0 At the End of the Year 0 0.00 0 0.00 13 *BOI AXA Trustee Services Pvt Ltd A/C BOI AXA Tax Advantage Fund At the Beginning of the year 30000 0.19 30000 0.19 Increase/decrease in shareholding during the year 2017-18 on: 07.04.2017 1920 0.01 31920 0.20 27.10.2017 (8398) (0.05) 23522 0.15 03.11.2017 (23522) (0.15) 0 0 At the End of the Year 0 0.00 0 0.00 *ceased to be in the list of top 10 shareholders as on 31.03.2018. The same has been reflected above since shareholders were one of the top 10 shareholders as on 01.04.2017. # Not in the list of top ten shareholders as on 01.04. 2017.The same has been reflected above since shareholders were one of the top ten shareholders as on 31.03.2018. Date of increase/decrease has been considered as the date on which beneficiary positions was provided by the depositories. During the financial year 2017-18, the Company has allotted 22750 equity shares under Employee Stock Option Scheme 2014 (ESOS-2014), consequently paid up capital of the Company has been increased from Rs. 155335200/- to Rs. 155562700/-. Therefore % of shareholding of certain aforementioned shareholders slightly reduced as on 31.03.2018. 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 specifying the reason for increase/decrease (e.g. allotment/transfer/bonus/ sweat equity etc): At the end of the Year 292571 2. Sh. Dheeraj Garg At the beginning of the year 4640228 Date wise - Increase/Decrease in shareholding during the year specifying the reason for increase/decrease (e.g. allotment/transfer/bonus/ sweat equity etc): At the end of the Year 4640228 - 292571 1.88 292571 29.87 4640228 - 4640228 29.83 4640228 1.88 1.88 29.83 29.83 29.83 3. Sh. Andra Veetil Unnikrishnan At the beginning of the year 5110 0.03 5110 0.03 Increase/decrease in shareholding during the year 2017-18, Sale of shares in open market on: 27.03.2018 (3498) (0.02) 1612 0.01 At the end of the Year 1612 0.01 1612 0.01 4. Sh. Manohar Lal Jain At the beginning of the year 21853 0.14 21853 0.14 Increase/decrease in shareholding during the year 2017-18 Sale of shares in open market on: 06.04.2017 (1000) (0.01) 20853 0.13 At the end of the Year 20853 0.13 20853 0.13 5. Sh. Madan Mohan Chopra At the beginning of the year 10000 0.06 10000 0.06 Date wise - - - - Increase/Decrease in shareholding during the year specifying he reason for increase/decrease (e.g. allotment/transfer/bonus/ sweat equity etc): At the end of the Year 10000 0.06 10000 0.06 Ms. Jaspreet Takhar, Sh. Sudhanshu Shekhar Jha, Sh. Surinder Kumar Bansal, Sh. Sukhbir Singh Grewal and Sh. Chanakya Chaudhary, Directors of the Company, did not hold any shares during the financial year 2017-18. Name of the Key Managerial Personnel Name of the KMP Shareholding at the Cumulative Shareholding beginning of the Year during the year No. of % of total No. of % of total Shares shares of the Shares shares of the Company Company 1. Sh. Naveen Sorot (CFO ) At the beginning of the year 0 0.00 0 0.00 Allotment of 750 shares on 750 0.005 750 0.005 13.05.2017 under ESOS Sale of Shares in open market on: 22.06.2017 (340) (0.002) 410 0.003 23.06.2017 (391) (0.003) 19 0.00 At the end of the Year 19 0.00 19 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 1250 0.01 1250 0.01 13.05.2017 under ESOS Sale of Shares in open market on: 19.06.2017 (1250) (0.01) 0 0 At the end of the Year 0 0.00 0 0.00 V. INDEBTEDNESS Indebtedness of the Company including interest outstanding/accrued but not due for payment (Rs. in Crore) Secured Loans Unsecured Deposits Total excluding Loans Indebtedness deposits (Amount in Rs.) Indebtedness at the beginning of the financial year (01-04-2016) i) Principal Amount ii)Interest due but not paid iiiii))IInntteerreessttadcucerubeudt nboutt pnaoitddiuii)e ITnotetarel s(ti+aicic+riuiie) d but not Change in Indebtedness during the financial year 453.97 - 453.97 103.74 - 103.74 - 557.71 - - - - - 557.71 · Addition · Reduction (net of fluctuation) Net Change Indebtedness at the end of the financial year(31-03-2017) i) Principal Amount ii) Interest due but not paid iii) Interest accrued but not due Total (i+ii+iii) 238.52 3.20 (82.10) - 156.42 3.20 610.39 610.39 106.94 106.94 - 241.72 - (82.10) - 159.62 - 717.33 - - - - - 717.33 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 Name of MD/WTD/ Manager Total No. Amount (In Rs) Sh. Dheeraj Garg (MD) Sh. Andra Veetil Sh. Manohar Unnikrishnan Lal Jain (DMD) (ED) 1 Gross salary (a) Salary as per provisions contained in section 17(1) of the Income-tax Act,1961 28.80 42.38 45.57 116.75 (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 Options 3 Sweat Equity 4 Commission - As % of Profit - Others, specify 5 Others, please Specify : Provident fund - 485.47 - 2.16 - - 3.60 - - 3.82 - 485.47 - 9.58 Total (A) 516.43 45.98 49.39 611.80 Ceiling as per the Act Rs 1136.15 lac (being 11% of Net profit 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. 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) Particulars of Remuneration(fee for attending Board/Committee, Commission, Other Specify) 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 Fee for Attending Board Meeting (Rs. in lac) Total Amount (In Rs.) 1.10 0.80 0.50 0.40 0.40 3.20 2. Other Non Executive Directors (Rs. in lac) Sr. Name of Directors Particulars of Remuneration(fee for attending Total Amount No. Board/Committee, Commission, Other Specify) (In Rs.) 1. Sh. Rajinder Kumar Garg Fee for Attending Board Meeting 0.60 2. Sh. Chanakya Chaudhary Fee for Attending Board Meeting - Total (2) 0.60 Total (B) = (1+2) 3.80 Total Managerial 615.60 lacs Remuneration Overall Ceiling as per the Rs 1136.15 lac (being 11% of Net profit of the Company) Act C.REMUNERATION TO KEY MANAGERIAL PERSONNEL OTHER THAN MD/MANAGER/WTD (Rs. in lac) S. Particulars of Remuneration No Key Managerial Personnel Sh. Naveen Sorot (Chief Financial Officer) Sh. Shaman Jindal Total (Company Secretary) Amount (In Rs) 1 Gross salary (a) Salary as per provisions contained in section 17(1) of the Income-tax Act, 1961 25.49 21.40 46.89 (b) Value of perquisites u/s 17(2) 0 0 0 Income-tax Act, 1961 (c) Profits in lieu of salary under section 0 0 0 17(3) Income- tax Act, 1961. 2 Stock Options 3 Sweat Equity 4 Commission - as% of Profit - Others specify 5.96 9.94 15.90 0 0 0 0 0 0 0 0 0 5 Others, please Specify : Provident Fund Total (A) 1.37 32.82 1.51 32.85 2.88 65.67 VII.PENALTIES/PUNISHMENT/COMPOUNDING OF OFFENCE: There were no penalties / punishment / compounding of offences for the year ending 31st March, 2018.Microsoft Office Word 2007 Microsoft Office Word 2007