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Annual Report 2016-17
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During the onancial year 2016-17, pursuant to the resolutions passed by the Compensation and Remuneration Committee
of the Board of Directors through circulation, Independent Directors and employees including e[-employees ('Grantees')
e[ercised their stock options for shares which were already vested in their name. During this e[ercise, 684,908 (Si[
Hundred Eighty Four Thousand Nine Hundred and Eight only) i.e. 0.86% Equity shares of the total Paid-up Capital were
transferred from PSP/ ESOP Management Trust to the eligible Grantees at an aggregate value of
`
92.15 Million under
various ESOP Schemes of your Company.
Your Company has 12 (Twelve) ESOP Schemes as on March 31, 2017 under which options were granted to various
Independent Directors, employees of the Company and its subsidiaries, details of which are given elsewhere in this
Annual Report.
Shares Suspense Account
Your Company had opened an ‘Unclaimed Securities Suspense Account’ on behalf of the allottees who were entitled to
the equity shares under the initial public offering. Some of the equity shares could not be transferred to the respective
allottees due to technical reasons. Such shares were held in ‘Unclaimed Securities Suspense Account’, to be transferred
to allottees as and when they approach your Company.
Your Company strives to ensure that the Equity Shares are credited to the demat account of the respective allottees.
During the year under report, your Company voluntarily approached all the 14 (Fourteen) allottees to help them claim
their unclaimed shares. In response, your Company received applications from 4 (Four) allottees for crediting the shares
from the said Suspense Account to their respective accounts. The Equity Shares along with the Bonus Shares (allotted
in March 2015) were credited to their respective demat accounts before March 31, 2017. The balance in the above
mentioned Suspense Account as on March 31, 2017 is 400 Equity Shares owned by 10 allottees. Your Company will
continue to try contacting these 10 allottees and will arrange credit of due shares to them before the statutory deadline
to transfer those shares to the IEPF Suspense Account of the Government of India.
The details of equity shares held in an ‘Unclaimed Securities Suspense Account’ are as follows:
Sr.
No.
Particulars
Details
1.
Aggregate number of allottees in the Unclaimed Securities Suspense Account lying at
the beginning of the onancial year 2016-17
14 allottees
2.
Aggregate number of the outstanding equity shares in the Unclaimed Securities
Suspense Account lying at the beginning of the onancial year 2016-17
560 Equity shares
3.
Number of allottees who approached issuer for transfer of shares from Unclaimed
Securities Suspense Account during the onancial year 2016-17
4 allottees
4.
Number of shares transferred from Unclaimed Securities Suspense Account during the
onancial year 2016-17
160 Equity shares
5.
Aggregate number of allottees in the Unclaimed Securities Suspense Account lying
at the end of the onancial year 2016-17
10 allottees
6.
Aggregate number of outstanding equity shares in the Unclaimed Securities Suspense
Account lying at the end of the onancial year 2016-17
400 Equity shares
Note – Voting rights on the above mentioned equity shares are kept frozen till the rightful owner of such equity shares claim these
shares.
Institutional Holding
As on March 31, 2017, the total institutional holding in your Company stood at 35.50% of the total paid-up share capital.
Particulars required as per Section 134 of the Companies Act, 2013
As per Section 134 of the Act, your Company has provided the Consolidated Financial Statements as on March 31, 2017.
Your Directors believe that the consolidated onancial statements present a more comprehensive picture as compared
to standalone onancial statements. These documents will also be available for inspection during the business hours
at the Registered Ofoce of your Company. A statement showing onancial highlights of the subsidiary companies is
enclosed to the consolidated onancial statements.
The Annual Report of your Company, though does not contain full onancial statements of the subsidiary companies,
your Company can make available the audited annual accounts and related information of the subsidiary companies,
upon request.