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depository
system | demat |
share transfers | ECS facility
Depository System (DS)
Trading in shares of the company is permitted only in dematerialised form. As
such, we wish to advice members to arrange to dematerialise their shareholding
in the company as DS weeds out several problems which are otherwise associated
with the scrip-based system such as bad deliveries, fraudulent transfers, fake
certificates, thefts in postal transit, delay in transfers, long settlement
cycles, mutilation of share certificates, etc. At the same time, DS offers
several advantages like exemption from stamp duty, elimination of the concept
of market lot, elimination of bad deliveries, reduction in transaction costs,
improved liquidity, etc.
For further information on matters relating
to dematerialisation of shares, members may
write to the
Investor Service Centre of the company at Veraval,
Gujarat.
| Name and address of
depository |
|
National Securities Depository Ltd
Trade World, IV floor
Kamala Mills Compound
Senapati Bapat Marg
Lower Parel
Mumbai 400 013
Tel: 022-2499 4200
Fax: 022-2497 2993 / 2497 6351
E-mail: info@nsdl.co.in
Website:
www.nsdl.co.in
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Central Depository Services (India) Ltd
Phiroze Jeejeebhoy Towers
17th floor, Dalal Street
Mumbai 400 023
Tel: 022-2272 3333 - 3324
Fax: 022-2272 3199
E-mail: investors@cdslindia.com
Website:
www.cdslindia.com |
Demat
| Dematerialisation of shares and
liquidity |
|
The Equity Shares of
the Company are required to by compulsorily
traded in the dematerialized form. The
Equity Shares of the Company are admitted
for trading under both the Depository
System in India – NSDL and CDSL.
The International Securities Identification
Number (ISIN) allotted to the Company’s
Equity Shares under the Depository System
is INE069A01017. A total of 88,538,501
shares of the Company constituting 93.19%
of the Issued and Subscribed Share Capital
were dematerialized as on 31st March,
2008.
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| Details
on use of public funds obtained in the last
three years |
|
The
Company had made a Right Issue to the
Shareholders of the Company during 2006-07.
The proceeds of the said Right Issue were
used as projected in the Letter of Offer,
i.e., Rs. 627.20 Crores for the purpose
of prepayment/repayment of a portion of
debt and expenses including acquisitions,
investment in subsidiaries and/or joint
ventures.
The company has also made a preferential
of 20,500,000 Warrants to Promoter and
Promoter Group Companies during the year.
The proceeds of the preferential offer
are proposed to be used to meet capital
expenditure for Company’s existing
as well new growth business, to provide
financial support to Subsidiaries/Joint
Ventures/Associates by way of Loans/Investments,
repayment/reduction of borrowings, general
corporate purpose and maintain adequate
liquidity for future requirements in line
with our growth strategy.
|
| Outstanding GDR/warrants and
convertible bonds, conversion date and likely impact on the equity |
| Outstanding GDRs as on 31st
March, 2008 are 3,293,392 amounting to 3.47%
of outstanding paid-up equity capital of
the Company. Each GDR represents one underlying
Equity Shares. During the year the Company
has granted 329,373 options to eligible
employees under the Company’s Employee
Stock Option Scheme, 2006 (ESOS-2006). Each
Stock option enables an employee to apply
for one Equity Share during the vesting
period. The Company has also issued and
allotted 20,500,000 warrants on preferential
basis to the Promoter and Promoter Group
Companies. These warrants entitle the holder
thereof to apply for and obtain allotment
of one Equity Share of the face value of
Rs. 10/- each at a premium of Rs. 1,997.45
per share within a period of 18 months from
the date of allotment. During the year,
two of the allottees have applied for conversion
of 1,700,000 warrants allotted to them into
Shares and accordingly 1,700,000 Equity
Shares were allotted on 31.03.2008. Total
18,800,000 Warrants are outstanding as on
31st March, 2008. |
Share transfers
| Registrars and transfer agents
(For share transfer and other communication relating to share certificates,
dividends and change of address) |
|
In-house Share Transfer
Registered with SEBI as Category II –
Share Transfer Agent
(Registration No. INR 000001815)
Investor Service Centre
Registered Office
Indian Rayon Compound
Veraval 362 266
Gujarat, India
Tel: 91-2876-245 711
Fax: 91-2876-243 220
E-mail:
abnlsecretarial@adityabirla.com
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| Share
transfer system |
|
Share transfers in physical form are registered normally within
two to three days from the date of receipt, provided that the documents are
clear in all respects.
Investor relations and finance committee of the Board considers and approves
transfer above 5,000 shares and debentures under one transfer deed. Further,
certain officers of the company have been
authorised to approve transfers up to 5,000 shares and debentures under one
transfer deed.
The total number of shares transferred
in physical form during the financial
year 2006-07 was 81,981 (Previous year
89,010). Majority of transfers were completed
within 2-3 days from the date of receipt.
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ECS facility
Shareholders holding shares in physical form and
desirous of availing the facility of electronic
credit of dividend or recording change in their
existing mandate registered with the company may
write to the company at its Investor Service Centre
at Veraval – 362 266, Gujarat or download the
ECS
Mandate registration form available on the
website and thereafter forward the same to the
company for registration.
In respect of electronic share accounts, members are requested to
notify / update their ECS details to / with their respective depository
participants.
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