Members are requested to register their e-mail addresses with the Company for receiving the Report and Accounts, Notices, etc. through electronic mode, as a measure of support to Green Initiative in Corporate Governance of Ministry of Corporate affairs, Government of India.
The Shareholders are requested to register their e-mail address with the Company by filling up and sending the attached form.
Click here to print the form for registration of e-mail address.
The Board of Directors of the Company at the Meeting held on 6th June 2020, have recommended
Dividend of Rs. 2.50 per Equity Share of Rs. 10/- each for the financial year ended 31st March, 2020. The
said dividend, if declared at the 38th Annual General Meeting of the Company convened for 18th
September, 2020, will be paid to the shareholders entitled thereto on 24th September, 2020.
In terms of the Income-tax Act, 1961 read with the Finance Act, 2020, payment of dividend by the
Company, effective 1st April, 2020, is taxable in the hands of the shareholders. The Company will be
therefore required to deduct tax at source (TDS), as applicable, from the aforesaid dividend, in the
I. Resident Shareholders
TDS will be deducted @ 7.5% on the amount of dividend payable where a valid Permanent Account
Number (PAN) has been furnished by the concerned resident shareholders to their respective
Depository Participants (in case shares are held in dematerialised form) or to the Investor Service
Centre (ISC) of the Company (in case shares are held in certificate form). In the absence of a valid PAN,
TDS will be deducted @ 20%.
Shareholders who are yet to furnish their PAN to their respective Depository Participants / ISC are
therefore requested to do so immediately.
No TDS, however, will be deducted from dividend payable to:
(A) INDIVIDUAL SHAREHOLDERS, IF:-
the amount of dividend payable does not exceed Rs. 5,000/-, or
their income is below the taxable limit and a declaration is received from the concerned
shareholders in Form 15G (for persons up to age of 60 years) or in Form 15H (for persons above
the age of 60 years).
(B) INSURANCE COMPANIES (VIZ. LIC, GIC ETC.), MUTUAL FUNDS AND ALTERNATIVE INVESTMENT
FUNDS (INCORPORATED IN INDIA) AND OTHER NON-INDIVIDUAL SHAREHOLDERS, UPON
RECEIPT OF THE REQUISITE DOCUMENTS FROM THEM, AS LISTED BELOW:
The consideration of the aforesaid documents, including application of beneficial Tax Treaty Rate, where
applicable, will depend on the adequacy and completeness of such documents submitted by the
shareholders and review of the same to the satisfaction of the Company. Documents received after 5th
September, 2020 and / or incomplete documents will not be considered.
In the event the benefit of lower tax on dividend cannot be provided by the Company in the absence of,
or due to late receipt of, the aforesaid documents, shareholders will still have an option to claim
appropriate refund, if eligible, at the time of filing their income tax returns. No claim shall lie against the
Company for taxes once deducted.
Service of Documents through Electronic Mode
In conformity with the applicable regulatory requirements, the Notice of the 38th Annual General Meeting of the Company and the Report and Accounts 2020 are being sent only through electronic mode to those members who have registered their e-mail addresses with the Company or with the Depositories.
Members who have not registered their e-mail addresses with the Company or with the Depositories and wish to receive the aforesaid documents are required to register their e-mail addresses with the Company / Depositories by following the Steps as given below:
35,57,181 shares of the company, representing 93.91% of the company’s paid up capital, as on 30th June, 2021, are in dematerialized form. The paid-up share capital of the company, as on 30th June, 2021 is Rupees 378,75,150 divided into 37,87,515 Equity shares of the face value of Rupees 10/- each.
Total No. of Shareholders as on 30th June, 2021
No. of Shareholders in dematerialized form
No. of Shareholders in physical form
Listing on Stock Exchange
The Company's shares are listed with Mumbai (507960*) Stock Exchange:
* Stock Code
Annual General Meeting
The 39th Annual General Meeting (AGM) of the Company will be held on Saturday, 25th September, 2021 at 11.00 a.m. through Video Conferencing / Other Audio Visual Means.
Dividend for the financial year ended 31st March, 2021
The Board of Directors of the Company, at the Meeting held on 17th April, 2021, recommended dividend of Rs. 1.80 per Equity Share of Rs. 10/- each for the financial year ended 31st March, 2021, subject to declaration of the same by the Members at the 39th AGM.
Unclaimed dividend for the years prior to and including the financial year 2011-12 has been transferred to the General Revenue Account of the Central Government / the Investor Education and Protection Fund (IEPF) established by the Central Government, as applicable.
The dividend for the undernoted years, if remaining unclaimed for 7 years, will be transferred by the Company to IEPF in accordance with the schedule attached. Click here here for schedule.
Transfer of Equity Shares to the Investor Education and Protection Fund
Pursuant to the provisions of Section 124(6) of the Companies Act, 2013, read with the Investor Education and Protection Fund Authority (Accounting, Audit, Transfer and Refund) Rules, 2016, Equity Shares of the Company in respect of which dividend entitlements remained unclaimed for seven consecutive years from the financial year 2012-13 will be due for transfer to the Investor Education and Protection Fund (IEPF) on 19 September 2020.
The Company has sent individual letters to the concerned Members who have not claimed the aforesaid dividend providing them an opportunity to lodge their claim with the Company in respect of the same by 17 September 2020. In the event any valid claim is not received by Company by that date, the Company, in accordance with the aforesaid provisions of law, will transfer the concerned shares to the IEPF.
Click here for information in respect of Equity Shares due for transfer to the IEPF.
Claim from the Investor Education and Protection Fund Authority
The concerned Members may claim their shares and/or refund of their dividend from the IEPF Authority by following the procedure prescribed under the IEPF Rules. Ms. Parinita Bhutani, Compliance Officer, is the Nodal Officer of the Company for the purpose of verification of such claims. She may be contacted at Tel: 0124-4175260 (direct) or ghlinvestors@Yahoo.co.in for any assistance in this regard.
Click here for visiting the IEPF website to claim refund from the IEPF Authority.