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Maruti Suzuki India Ltd.

BSE: 532500 | NSE: MARUTI |

Represents Equity.Intra - day transactions are permissible and normal trading is done in this category
Series: EQ | ISIN: INE585B01010 | SECTOR: Auto - Cars & Jeeps

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Annual Report

For Year :
2019 2018 2017 2016 2015 2014 2013 2012 2011

Director’s Report

Board's Report

Your Directors have pleasure in presenting the 38th annual report together with the audited financial statements for the year ended 31ST March, 2019.

Financial Results

The Company's financial performance during 2018-19 as compared to the previous year 2017-18 is summarised below:

 

 

(Rs in million)

Particulars

2018-19

 2017-2018

Total revenue

885,813

818,082

Profit before tax

104,656

110,034

Tax expense

29,650

32,816

Profit after tax

75,006

77,218

Retained Earnings

 

 

Balance at the beginning of the year

363,008

313,189

Profit for the year

75,006

77,218

Other comprehensive income arising from remeasurement of defined benefit obligation*

(284)

(131)

Amount transferred to employee welfare fund

(772)

Income on funds earmarked for employee welfare fund

(36)

~

Amount transferred to scientific research fund

(772)

~

Payment of dividend on equity shares

(24,166)

(22,656)

Corporate dividend tax paid

(4,968)

(4,612)

Balance at the end of the year

407,016

363,008

         

*net of income tax of Rs 151 million (previous year Rs. 65 million)

Financial Highlights

The total revenue (net of excise) was Rs 885,813 million as against Rs 818,082 million in the previous year showing an increase of 8.28%. Sale of vehicles in the domestic market was 1,753,700 units as compared to 1,653,500 units in the previous year showing an increase of 6.1 %. Total number of vehicles exported was 108,749 units as compared to 126,074 units in the previous year showing a decrease of 13.7%.

Profit before tax (PBT) was Rs 104,656 million against Rs 110,034 million showing a decrease of 4.89% and profit after tax (PAT) stood at Rs 75,006 million against Rs 77,218 million in the previous year showing a decrease of 2.86%.

Dividend

The Board recommends a dividend of Rs 80 per equity share of Rs 5/- each for the year ended 31st March, 2019 amounting to Rs 29,134 million including dividend distribution tax of Rs 4,968 million. The Company has formulated a dividend distribution policy which forms part of the annual report.

Operational Highlights

The operations are exhaustively discussed in the 'Management Discussion and Analysis' forming part of the annual report.

Consolidated Financial Statements

In accordance with Indian Accounting Standard (IND AS) - 110 on Consolidated Financial Statements read with Indian Accounting Standard (IND AS) - 28 on Investments in Associates and Joint Ventures, the audited consolidated financial statements are provided in the annual report.

A report containing the names of the companies which have become or ceased to become subsidiaries, joint ventures and associates, their performance, financial position and their contribution to the overall performance of the Company as required by the Companies Act, 2013 ('Act') is provided as an annexure to the consolidated financial statements and hence are not repeated here for the purpose of brevity. (Form AOC-1)

Annual Return

The details forming part of the extract of the annual return in Form MGT-9 is attached as Annexure - A. The annual return of the Company for the year 2017-18 is available on its website at https://www.marutisuzuki. com/corporate/investors/company-reports.

Material Subsidiaries

In accordance with Regulation 16(1)(c) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ('Listing Regulations'), the Company has a policy for determining material subsidiaries. The policy is available on its website at https://marutistoragenew. blob.core.windows.net/msilintiwebpdf/Policy on Subsidiary Companies.pdf

Particulars of Loans, Guarantees and Investments

Details of loans, guarantees and investments covered under the provisions of Section 186 of the Act are given in the notes forming part of the financial statements.

Board Meetings

A calendar of meetings is prepared and circulated in advance to the Directors. During the year, five board meetings were held, the details of which are given in the Corporate Governance Report.

Audit Committee

For composition of the audit committee, please refer to the Corporate Governance Report.

Independent Directors

The Company has received declarations of independence in accordance with the provisions of Section 149 of the Act and Listing Regulations from all the Independent Directors. The details of the familiarisation programmes for the Independent Directors are available on the website of the Company at https:// marutistoragenew.blob.core.windows.net/msilintiweb pdf/Familiarization Programme.pdf

Directors' Responsibility Statement

To the best of their knowledge and belief and according to the information and explanations obtained, in terms of Section 134 of the Act, your Directors state that:

a) in the preparation of the annual accounts, the applicable accounting standards have been followed and proper explanations provided relating to material departures, if any;

b) such accounting policies have been selected and applied consistently and judgments and estimates made that are reasonable and prudent so as to give a true and fair view of the state of affairs of the Company at the end of the financial year and of the profit of the Company for that period;

c) proper and sufficient care has been taken for the maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding the assets of the Company and for preventing and detecting fraud and other irregularities;

d) the annual accounts have been prepared on a going concern basis;

e) internal financial controls were followed by the Company and they are adequate and are operating effectively; and

f) proper systems have been devised to ensure compliance with the provisions of all applicable laws and such systems are adequate and operating effectively.

Directors and Key Managerial Personnel (KMP)

Mr. Toshihiro Suzuki and Mr. Kazuhiko Ayabe shall retire by rotation in the ensuing Annual General Meeting of the Company. The Board in its meeting held on 27th March, 2019 re-appointed Mr. Kenichi Ayukawa as the Managing Director & CEO of the Company for a period of three years with effect from 1st April, 2019.

Risk Management

Pursuant to Regulation 21 of Listing Regulations, the Company has a Risk Management Committee, the details of which are given in the Corporate Governance Report. The Company has a risk management policy and identified risks and taken appropriate steps for their mitigation. For more details, please refer to the Management Discussion and Analysis (MD&A).

Internal Financial Controls

Internal financial controls have been discussed under 'CEO/CFO Certification' in the Corporate Governance Report.

Vigil Mechanism

The Company has in place an established and effective mechanism called the Whistle Blower Policy (Policy). The mechanism under the Policy has been appropriately communicated within the organisation. The purpose of this policy is to provide a framework to promote responsible whistle blowing by employees. It protects employees wishing to raise concern about serious irregularities, unethical behaviour, actual or suspected fraud within the Company.

The Chairman of the audit committee is the ombudsperson and direct access has been provided to the employees to contact him through e-mail, post and telephone for reporting any matter.

Related Party Transactions

The Company has a policy on related party transactions which is available on the Company's website at https://marutistoragenew. blob.core.windows.net/ msilintiwebpdf/Policv on Related Party Transactions, pdf In terms of Section 134(3) (h) of the Act read with Rule 15 of the Companies (Meetings of Board and its Powers) Rules, 2014, there was no transaction to be reported in Form AOC 2. The disclosure with respect to the transactions with promoter and promoter group which is holding 10% or more of the shareholding in the Company are given in the notes forming part of the financial statements.

Performance Evaluation

Pursuant to the provisions of the Companies Act, 2013 and the Listing Regulations, the Board has carried out the annual performance evaluation of its own performance, the Directors individually as well as the evaluation of its committees. The evaluation criteria, inter-alia, covered various aspects of the functioning of the Board and its committees including composition, attendance of Directors, participation levels, bringing specialised knowledge for decision making, smooth functioning and effective decision making. The Board and the committees had been effective in achieving their respective charters of monitoring the overall performance of the Company, overseeing the performance of the management and thus upholding high standards of corporate governance. The Board and the committee meetings were run efficiently and the members acted with sufficient diligence and care. The Board and its committees had the needed diversity in terms of talent, competence, knowledge, gender and experience and had maintained high standards of corporate governance through their working, functioning and decision making. The performance of individual directors including the Independent Directors was evaluated on parameters such as level of engagement and contribution to the affairs of the Company including by way of attendance in Board and committee meetings, ability to discharge their duties and obligations diligently in the best interest of the Company, ability to provide effective leadership and checks and balances towards sustaining the highest levels of corporate governance in particular towards risk assessment and management, exercising duty of care and skill in the discharge of their functions, level of independence of judgment and safeguarding the interest of the Company and its minority shareholders. Considering the good performance of the Company in most spheres and the value delivered to all stakeholders, including customers, shareholders, the community and others, it was apparent that Directors had been diligent, meticulous and faithful in the performance of their duties. The Directors expressed their satisfaction with the evaluation process. The Board also noted that the Independent Directors had fulfilled the independence criteria as specified in the Listing Regulations and were independent from the management.

Nomination and Remuneration Policy

The Nomination and Remuneration Policy is attached as Annexure B.

Corporate Social Responsibility (CSR)

The annual report on CSR activities containing details of CSR Policy, composition of the CSR committee and other prescribed details are given in Annexure C.

Disclosure under the Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013

The Company has in place an Anti- Sexual Harassment Policy in line with the requirements of the Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013 and has also complied with its provisions relating to the constitution of Internal Complaints Committee to redress complaints received regarding sexual harassment.

The status of the complaints received by the Company during the year is as under:

a) Number of complaints filed

3

b) Number of complaints disposed of

2

c) Number of complaints pending as on the end of financial year

1

Conservation of Energy, Technology Absorption, Foreign Exchange Earnings and Outgo

Information in accordance with Section 134(3) (m) of the Act read with Rule 8 of the Companies (Accounts) Rules, 2014 is attached as Annexure D.

Corporate Governance

The Company has complied with the corporate governance requirements, as stipulated under the Listing Regulations. A certificate of compliance by auditors shall form part of the annual report.

Secretarial Audit Report

In accordance with the provisions of Section 204 of the Act read with The Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014, the Board appointed M/s RMG & Associates, a firm of Company Secretaries in practice to undertake the Secretarial Audit for 2018-19. The report on secretarial audit is attached as Annexure E. The report does not contain any qualification.

Secretarial Standards

The Company has complied with the Secretarial Standards issued by the Institute of Company Secretaries of India.

Management Discussion and Analysis Report

The annual report has a detailed report on management discussion and analysis.

Personnel

As required by the provisions of Section 197 of the Act read with Rule 5 of The Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014, the particulars of the employees are set out in Annexure F. However, as per the provisions of Section 136 of the Act, the annual report is being sent to all the members of the Company excluding the aforesaid information. The said information is available for inspection by the members at the registered office of the Company up to the date of the ensuing Annual General Meeting. Any member interested in obtaining such particulars may write to the Company Secretary at the registered office of the Company.

Cost Auditors and Records

In accordance with the provisions of Section 148 of the Act read with Companies (Cost Records and Audit) Rules, 2014, M/s R.J. Goel& Co., Cost Accountants, New Delhi (Registration No. 000026) were appointed as the Cost Auditors of the Company to carry out the cost audit for 2019-20. The maintenance of cost records as specified by the Central Government under Section 148 (1) of the Act is required by the Company and such accounts and records are made and maintained.

Auditors

The auditors, M/s Deloitte Haskins & Sells LLP were appointed in the 35th Annual General Meeting and hold their office till the conclusion of the 40th Annual General Meeting.

CRISIL Ratings

The Company was awarded the highest financial credit rating of AAA/stable (long term) and A1+ (short term) on its bank facilities by CRISIL. The rating underscores the financial strength of the Company in terms of the highest safety with regard to timely fulfillment of its financial obligations.

Quality

The Company has established and is maintaining an environment management system. During the year, surveillance audit for ISO-14001 was carried out by M/s AVI, Belgium for the manufacturing plants located at Gurugram, Manesar and R&D Centre in Rohtak. The auditors recommended continuance of ISO-14001 for all manufacturing facilities.

The quality management system of the Company is certified after the ISO 9001:2015 standard. Re-assessment of the quality systems is done at regular intervals and re-certification assessments are done every three years by an accredited third party agency. The Company has an internal assessment mechanism to verify and ensure adherence to defined quality systems across the Company.

Awards/Recognition/Rankings

Mr. Kenichi Ayukawa was awarded Best CEO (Large Companies) by Business Today third time in a row. Mr. R. C. Bhargava was bestowed with Lifetime Achievement Award by CNBC Awaaz Annual CEO Awards 2018.

The Company received many awards/recognitions/ rankings during the year. Some of these are mentioned hereunder:

• 'Company of the year, 2018' by Business Standard.

• 'Marketer of the year' at Marquees 2018 and 'Gold Award' for employee communication for its seat belt campaign #PehniKyaRs. by South Asia Sabre.

• 'Best of 2018' by AutoX Awards.

• Swift won the following awards by AutoX:

• Car of the year.

• 'Indian Car of the year'(ICOTY)'third time in a row.

• Ertiga won the following awards:

• Best 'MPV of the year by AutoX and Autocar Awards 2019.

• 'Car of the year' and 'Value for money car of the year' by Autocar Awards 2019.

• Super Carry won the 'Prime Time' Award.

• '4 Good' rating by The Economic Times for all-round excellence in the field of Corporate Social Responsibility.

Acknowledgment

The Board of Directors would like to express its sincere thanks for the co-operation and advice received from the Government of India, Haryana Government and the Gujarat Government. Your Directors also take this opportunity to place on record their gratitude for timely and valuable assistance and support received from Suzuki Motor Corporation, Japan. The Board also places on record its appreciation for the enthusiastic co-operation, hard work and dedication of all the employees of the Company including the Japanese staff, dealers, vendors, customers, business associates, auto finance companies, state government authorities and all concerned without which it would not have been possible to achieve all round progress and growth of the Company. The Directors are thankful to the members for their continued patronage.

For and on behalf of the Board of Directors

R.C. Bhargava

Kenichi Ayukawa

Chairman

Managing Director & CEO

New Delhi

 

25th April, 2019

 

Annexure - A

Form No. MGT-9

Extract of Annual Return

As on the financial year ended on 31st March

[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

L34103DL1981PLC011375

ii.

Registration Date

24/02/1981

iii.

Name of the Company

Maruti Suzuki India Limited

iv.

Category/sub-category of the Company

Company limited by shares

V.

Address of the registered office and contact details

Plot No. 1 , Nelson Mandela Road Vasant Kunj, New Delhi- 110 070 Ph. no.: 011-46781134

vi.

Whether listed company

Yes

vii.

Name, address and contact details of registrar and transfer agent, if any

Karvy Fintech Private Limited Karvy Selenium Tower- B, 8th Floor, Plot 31 -32, Gachibowli, Financial District Nanakramguda, Serilingampally. Hyderabad- 500 032, Telangana Ph. no.: 040-67162222 Fax no.: 040-23001153 Toll free No.: 1800-345-4001

II. Principal Business Activities of the Company:

All the business activities contributing 10% or more of the total turnover of the Company:

S.No

Name and description of the main products/ services

NIC code of the product/ service

% to total turnover of the Company

1.

Manufacture of passenger cars

29101

36.92%

III. Particulars of Holding, Subsidiary and Associate Companies:

S

Name and address of the Company

CIN/GLN

Holding/ Subsidiary/ Associate

% of shares held

Applicable section

1.

Suzuki Motor Corporation

N.A.

Holding

56.21%

2(46)

2.

True Value Solutions Limited

U74999DL2002PLC113814

Subsidiary

100.00%

2(87)

3.

J.J. Impex (Delhi) Private Limited

U74140DL1976PTC008245

Subsidiary

50.87%

2(87)

4.

Bharat Seats Limited

L34300DL1986PLC023540

Associate

14.81%

2(6)

5.

Caparo Maruti Limited

U74899DL1994PLC058269

Associate

25.00%

2(6)

6.

Hanon Climate Systems India Private Limited

U34300DL1991PTC046656

Associate

39.00%

2(6)

7.

Jay Bharat Maruti Limited

L29130DL1987PLC027342

Associate

29.28%

2(6)

8.

Krishna Maruti Limited

U34300HR1991PLC032012

Associate

15.80%

2(6)

9.

Machine Plastics Limited

L25209HR2003PLC035034

Associate

15.35%

2(6)

10.

SKH Metals Limited

U74130HR1986PLC023655

Associate

37.03%

2(6)

11.

Nippon Thermostat (India) Limited

U29309TN1994PLC027555

Associate

10.00%

2(6)

12.

Bellsonica Auto Component India Private Limited

U35923H R2006FTC036301

Associate

30.00%

2(6)

13.

Mark Exhaust Systems Limited

U32204DL1993PLC055905

Associate

44.37%

2(6)

14.

FMI Automotive Components Private Limited

U34201DL2007PTC170043

Associate

49.00%

2(6)

15.

Maruti Insurance Broking Private Limited

U74999DL2010PTC210739

Associate

46.26%

2(6)

16.

Manesar Steel Processing India Private Limited

U27205HR2010PTC041264

Associate

11.83%

2(6)

17.

Magneti Marelli Power-train India Private Limited

U40300HR2007PTC046166

Joint Venture

19.00%

2(6)

18.

Plastic Omnium Auto Inergy Manufacturing India Private Limited

U35914HR2010PTC040501

Joint Venture

26.00%

2(6)

19.

Bahucharaji Rail Corporation Limited

U45101GJ2018SGC105602

Associate

33%

2(6)

IV. Shareholding Pattern (equity share capital breakup as percentage of total equity) i) Category-wise shareholding

 

No. of shares held at the beginning of the year

No. of shares held at the end of the year

% change during the year

Category of shareholders

Demat

Physical

Total

% of total share

Demat

Physical

Total

% of total share

A. Promoters

 

 

 

 

 

 

 

 

 

1. Indian

 

 

 

 

 

 

 

 

 

a) Individual/HUF

0

0

0

0.00

0

0

0

0.00

0.00

b) Central Govt.

0

0

0

0.00

0

0

0

0.00

0.00

c) State Govt(s)

0

0

0

0.00

0

0

0

0.00

0.00

d) Bodies Corp.

0

0

0

0.00

0

0

0

0.00

0.00

e) Banks/FI

0

0

0

0.00

0

0

0

0.00

0.00

f) Any Other...

0

0

0

0.00

0

0

0

0.00

0.00

Sub-Total (A) (1):-

0

0

0

0.00

0

0

0

0.00

0.00

2 Foreign

 

 

 

 

 

 

 

 

 

a) NRIs- Individuals

0

0

0

0

0

0

0

0

0

b) Other-Individuals

0

0

0

0

0

0

0

0

0

c) Bodies Corp.

169,788,440

0

169,788,440

56.21

169,788,440

0

169,788,440

56.21

0.00

d) Banks/FI

0

0

0

0.00

0

0

0

0.00

0.00

e) Any Other.... (Qualified Foreign Investor)

0

0

0

0.00

0

0

0

0.00

0.00

Sub Total (A) (2):-

169,788,440

0

169,788,440

56.21

169,788,440

0

169,788,440

56.21

0.00

Total Shareholding of Promoter (A)= (A)(1)+(A)(2)

169,788,440

0

169,788,440

56.21

169,788,440

0

169,788,440

56.21

0.00

B. Public Shareholding

 

 

 

 

 

 

 

 

 

1. Institutions

 

 

 

 

 

 

 

 

 

a) Mutual Funds/UTI

17,338,791

0

17,338,791

5.74

18,002,281

0

18,002,281

5.96

0.22

b) Banks/ Fl

17,267,709

0

17,267,709

5.72

22,481,441

0

22,481,441

7.44

1.73

c) Central Govt.

0

0

0

0.00

0

0

0

0.00

0.00

d) State Govt(s)

0

0

0

0.00

0

0

0

0.00

0.00

e) Venture Capital Funds

0

0

0

0.00

0

0

0

0.00

0.00

f) Insurance Companies

0

0

0

0.00

0

0

0

0.00

0.00

g) Flls

76,093,800

0

76,093,800

25.19

67,377,517

0

67,377,517

22.30

-2.89

h) Foreign Venture Capital Funds

0

0

0

0.00

0

0

0

0.00

0.00

i) Any other (Qualified Foreign Investor)

0

0

0

0.00

0

0

0

0.00

0.00

Sub-total (B)(1):-

110,700,300

0

110,700,300

36.65

107,861,239

0

107,861,239

35.71

0.94

2 Non Institutions

 

 

 

 

 

 

 

 

 

a) Bodies Corp.

8,804,292

0

8,804,292

2.91

7,899,094

0

7,899,094

2.61

-0.30

b) Individual

 

 

 

 

 

 

 

 

 

i) Individual shareholders holding nominal share capital upto Rs. 1 lakh

10,025,205

4,527

10,029,732

3.32

12,994,175

3,450

12,997,625

4.30

0.98

ii) Individual shareholders holding nominal share capital in excess of Rs. 1 lakh

447,923

0

447,923

0.15

296,742

0

296,742

0.10

-0.05

c) Others

 

 

 

 

 

 

 

 

 

i) Foreign Nationals

177

0

177

0.00

146

0

146

0

0.00

ii) Non Resident Indian

393,082

0

393,082

0.13

482,927

0

482,927

0.16

0.03

iii) Clearing Member

194,230

0

194,230

0.06

492,290

0

492,290

0.16

0.10

iv) Trusts

1,533,442

0

1,533,442

0.51

2,015,825

0

2,015,825

0.67

0.16

v) Qualified Foreign Investor

0

0

0

0.00

0

0

0

0

0

vi) Rl Non-Repartriation

188,442

0

188,442

0.06

245,732

0.08

245,732

0.08

0.02

Sub-total (B)(2):-

21,586,793

4,527

21,591,320

7.15

24,426,931

3,450

24,430,381

8.09

0.94

Total Public Shareholding (B)=(B)(1)+ (B)(2)

132,287,093

4,527

132,291,620

43.79

132,288,170

3,450

132,291,620

43.79

0.00

C. Shares held by Custodian for GDRs & ADRs

0

0

0

0

0

0

0

0

0

Grand Total (A+B+C)

302,075,533

4,527

302,080,060

100.0

302,076,610

3,450

302,080,060

100.00

0.00

ii) Shareholding of Promoters

 

 

Shareholding at the beginning of the year

Shareholding at the end of the year

% change in shareholding during the year

S N

Shareholder's Name

No. of shares

% of total shares of the Company

% of shares pledged/ encumbered to total stares

No. of shares

% of total shares of the Company

% of shares pledged/ encumbered to total stares

1.

Suzuki Motor Corporation

169,788,440

56.21

-

169,788,440

56.21

-

-

 

Total

169,788,440

56.21

-

169,788,440

56.21

-

-

iii) Change in promoter's shareholding : There is no change

 

Shareholding at the beginning of the year

Cumulative shareholding during the year

 

No. of shares

% of total shares of the Company

No. of shares

% of total shares of the Company

At the beginning of the year

N.A.

N.A.

N.A.

N.A.

Date wise increase/ decrease in promoter's shareholding during the year specifying the reason for increase/ decrease (e.g. allotment/ transfer/ bonus/ sweat equity, etc):

N.A.

N.A.

N.A.

N.A.

At the end of the year

N.A.

N.A.

N.A.

N.A.

iv) Shareholding pattern of top ten shareholders - Other than directors, promoters and holders of GDRs and ADRs:

 

 

Shareholding

Cumulative shareholding during the year

s. No

Name of the Shareholder

No. of shares held as on 31/03/2018

% of total shares of the Company

Date

Increase/ decrease in share holding

Reason for change

No. of stares

% of total shares of the Company

1.

LIC OF INDIA HEALTH

15,589,504

5.16

31/03/2018

 

 

 

 

 

PROTECTION PLUS FUND

 

 

11/05/2018

241,241

Transfer

15,830,745

5.24

 

 

 

 

18/05/2018

252,900

Transfer

16,083,645

5.32

 

 

 

 

25/05/2018

400,970

Transfer

16,484,615

5.46

 

 

 

 

01/06/2018

160,032

Transfer

16,644,647

5.51

 

 

 

 

08/06/2018

178,900

Transfer

16,823,547

5.57

 

 

 

 

15/06/2018

75,964

Transfer

16,899,511

5.59

 

 

 

 

22/06/2018

219,078

Transfer

17,118,589

5.67

 

 

 

 

29/06/2018

282,398

Transfer

17,400,987

5.76

 

 

 

 

06/07/2018

153,459

Transfer

17,554,446

5.81

 

 

 

 

03/08/2018

100,940

Transfer

17,655,386

5.84

 

 

 

 

10/08/2018

187,185

Transfer

17,842,571

5.91

 

 

 

 

17/08/2018

126,289

Transfer

17,968,860

5.95

 

 

 

 

24/08/2018

178,613

Transfer

18,147,473

6.01

 

 

 

 

31/08/2018

218,848

Transfer

18,366,321

6.08

 

 

 

 

07/09/2018

403,241

Transfer

18,769,562

6.21

 

 

 

 

14/09/2018

350,700

Transfer

19,120,262

6.33

 

 

 

 

21/09/2018

143,574

Transfer

19,263,836

6.38

 

 

 

 

28/09/2018

532,417

Transfer

19,796,253

6.55

 

 

 

 

29/09/2018

532,417

Transfer

20,328,670

6.73

 

 

 

 

05/10/2018

329,994

Transfer

20,658,664

6.84

 

 

 

 

12/10/2018

61,107

Transfer

20,719,771

6.86

 

 

 

 

19/10/2018

132

Transfer

20,719,903

6.86

 

 

 

 

15/02/2019

5,173

Transfer

20,725,076

6.86

 

 

 

 

30/03/2019

(532,417)

Transfer

20,192,659

6.68

2.

AXIS EQUITY ADVANTAGE

1,722,279

0.57

31/03/2018

 

 

 

 

 

FUND- SERIES 1

 

 

06/04/2018

25,900

Transfer

1,748,179

0.58

 

 

 

 

06/04/2018

(5)

Transfer

1,748,174

0.58

 

 

 

 

13/04/2018

9,400

Transfer

1,757,574

0.58

 

 

 

 

13/04/2018

(2,250)

Transfer

1,755,324

0.58

 

 

 

 

04/05/2018

20,700

Transfer

1,776,024

0.59

 

 

 

 

11/05/2018

(17)

Transfer

1,776,007

0.59

 

 

 

 

18/05/2018

14,050

Transfer

1,790,057

0.59

 

 

 

 

25/05/2018

2,000

Transfer

1,792,057

0.59

 

 

 

 

25/05/2018

(2,274)

Transfer

1,789,783

0.59

 

 

 

 

01/06/2018

36,825

Transfer

1,826,608

0.60

 

 

 

 

01/06/2018

(26,225)

Transfer

1,800,383

0.60

 

 

 

 

08/06/2018

3,500

Transfer

1,803,883

0.60

 

 

 

 

08/06/2018

(54,800)

Transfer

1,749,083

0.58

 

 

 

 

15/06/2018

48,962

Transfer

1,798,045

0.60

 

 

 

 

06/07/2018

13,625

Transfer

1,811,670

0.60

 

 

 

 

13/07/2018

33,300

Transfer

1,844,970

0.61

 

 

 

 

13/07/2018

(2,401)

Transfer

1,842,569

0.61

 

 

 

 

20/07/2018

65,000

Transfer

1,907,569

0.63

 

 

 

 

27/07/2018

4,000

Transfer

1,911,569

0.63

 

 

 

 

03/08/2018

54,525

Transfer

1,966,094

0.65

 

 

 

 

10/08/2018

62,000

Transfer

2,028,094

0.67

 

 

 

 

10/08/2018

(14,000)

Transfer

2,014,094

0.67

 

 

 

 

17/08/2018

15,000

Transfer

2,029,094

0.67

 

 

 

 

24/08/2018

21,500

Transfer

2,050,594

0.68

 

 

 

 

31/08/2018

36,541

Transfer

2,087,135

0.69

 

 

 

 

31/08/2018

(7,050)

Transfer

2,080,085

0.69

 

 

 

 

07/09/2018

(15,480)

Transfer

2,064,605

0.68

 

 

 

 

21/09/2018

(1,842)

Transfer

2,062,763

0.68

 

 

 

 

28/09/2018

128,240

Transfer

2,191,003

0.73

 

 

 

 

29/09/2018

128,240

Transfer

2,319,243

0.77

 

 

 

 

05/10/2018

64,025

Transfer

2,383,268

0.79

 

 

 

 

05/10/2018

(3)

Transfer

2,383,265

0.79

 

 

 

 

12/10/2018

46,340

Transfer

2,429,605

0.80

 

 

 

 

19/10/2018

143,713

Transfer

2,573,318

0.85

 

 

 

 

26/10/2018

165,390

Transfer

2,738,708

0.91

 

 

 

 

02/11/2018

22,100

Transfer

2,760,808

0.91

 

 

 

 

09/11/2018

157,650

Transfer

2,918,458

0.97

 

 

 

 

09/11/2018

(9,975)

Transfer

2,908,483

0.96

 

 

 

 

16/11/2018

89,800

Transfer

2,998,283

0.99

 

 

 

 

16/11/2018

(15,000)

Transfer

2,983,283

0.99

 

 

 

 

23/11/2018

(76,000)

Transfer

2,907,283

0.96

 

 

 

 

30/11/2018

42,301

Transfer

2,949,584

0.98

 

 

 

 

30/11/2018

(43,875)

Transfer

2,905,709

0.96

 

 

 

 

07/12/2018

(124,947)

Transfer

2,780,762

0.92

 

 

 

 

14/12/2018

9,031

Transfer

2,789,793

0.92

 

 

 

 

14/12/2018

(31,336)

Transfer

2,758,457

0.91

 

 

 

 

21/12/2018

29,518

Transfer

2,787,975

0.92

 

 

 

 

21/12/2018

(1,270)

Transfer

2,786,705

0.92

 

 

 

 

28/12/2018

13,000

Transfer

2,799,705

0.93

 

 

 

 

04/01/2019

14,850

Transfer

2,814,555

0.93

 

 

 

 

11/01/2019

(15,975)

Transfer

2,798,580

0.93

 

 

 

 

18/01/2019

15,490

Transfer

2,814,070

0.93

 

 

 

 

18/01/2019

0)

Transfer

2,814,069

0.93

 

 

 

 

25/01/2019

15,000

Transfer

2,829,069

0.94

 

 

 

 

25/01/2019

(77,000)

Transfer

2,752,069

0.91

 

 

 

 

01/02/2019

63,000

Transfer

2,815,069

0.93

 

 

 

 

01/02/2019

(20,000)

Transfer

2,795,069

0.93

 

 

 

 

08/02/2019

28,500

Transfer

2,823,569

0.93

 

 

 

 

08/02/2019

(23,288)

Transfer

2,800,281

0.93

 

 

 

 

15/02/2019

12,000

Transfer

2,812,281

0.93

 

 

 

 

22/02/2019

30,000

Transfer

2,842,281

0.94

 

 

 

 

01/03/2019

41,275

Transfer

2,883,556

0.95

 

 

 

 

08/03/2019

66,375

Transfer

2,949,931

0.98

 

 

 

 

08/03/2019

(7,665)

Transfer

2,942,266

0.97

 

 

 

 

15/03/2019

58,800

Transfer

3,001,066

0.99

 

 

 

 

22/03/2019

20,000

Transfer

3,021,066

1.00

 

 

 

 

22/03/2019

(49,295)

Transfer

2,971,771

0.98

 

 

 

 

29/03/2019

(258,717)

Transfer

2,713,054

0.90

 

 

 

 

30/03/2019

(128,240)

Transfer

2,584,814

0.86

3.

ADITYA BIRLA SUN

2,563,880

0.85

31/03/2018

 

 

 

 

 

LIFE TRUSTEE PRIVATE

 

 

06/04/2018

35,000

Transfer

2,598,880

0.86

 

LIMITED A/C

 

 

06/04/2018

(2,175)

Transfer

2,596,705

0.86

 

 

 

 

20/04/2018

142,800

Transfer

2,739,505

0.91

 

 

 

 

20/04/2018

(179)

Transfer

2,739,326

0.91

 

 

 

 

11/05/2018

1,139

Transfer

2,740,465

0.91

 

 

 

 

11/05/2018

(1,139)

Transfer

2,739,326

0.91

 

 

 

 

25/05/2018

7,099

Transfer

2,746,425

0.91

 

 

 

 

25/05/2018

(17,878)

Transfer

2,728,547

0.90

 

 

 

 

01/06/2018

700

Transfer

2,729,247

0.90

 

 

 

 

08/06/2018

(17,473)

Transfer

2,711,774

0.90

 

 

 

 

15/06/2018

(35,000)

Transfer

2,676,774

0.89

 

 

 

 

22/06/2018

(15,000)

Transfer

2,661,774

0.88

 

 

 

 

06/07/2018

(13,500)

Transfer

2,648,274

0.88

 

 

 

 

20/07/2018

26

Transfer

2,648,300

0.88

 

 

 

 

20/07/2018

(3,000)

Transfer

2,645,300

0.88

 

 

 

 

27/07/2018

1,288

Transfer

2,646,588

0.88

 

 

 

 

27/07/2018

(1,288)

Transfer

2,645,300

0.88

 

 

 

 

03/08/2018

(3,848)

Transfer

2,641,452

0.87

 

 

 

 

10/08/2018

(17,161)

Transfer

2,624,291

0.87

 

 

 

 

17/08/2018

12,054

Transfer

2,636,345

0.87

 

 

 

 

17/08/2018

(33,075)

Transfer

2,603,270

0.86

 

 

 

 

24/08/2018

18

Transfer

2,603,288

0.86

 

 

 

 

24/08/2018

(38,600)

Transfer

2,564,688

0.85

 

 

 

 

31/08/2018

(39,125)

Transfer

2,525,563

0.84

 

 

 

 

07/09/2018

(187,652)

Transfer

2,337,911

0.77

 

 

 

 

21/09/2018

(30,300)

Transfer

2,307,611

0.76

 

 

 

 

28/09/2018

12,416

Transfer

2,320,027

0.77

 

 

 

 

28/09/2018

(71,720)

Transfer

2,248,307

0.74

 

 

 

 

29/09/2018

12,416

Transfer

2,260,723

0.75

 

 

 

 

29/09/2018

(71,720)

Transfer

2,189,003

0.72

 

 

 

 

05/10/2018

125,625

Transfer

2,314,628

0.77

 

 

 

 

05/10/2018

(36,400)

Transfer

2,278,228

0.75

 

 

 

 

12/10/2018

99,800

Transfer

2,378,028

0.79

 

 

 

 

26/10/2018

4,836

Transfer

2,382,864

0.79

 

 

 

 

26/10/2018

(148,137)

Transfer

2,234,727

0.74

 

 

 

 

02/11/2018

(5,500)

Transfer

2,229,227

0.74

 

 

 

 

09/11/2018

(51,198)

Transfer

2,178,029

0.72

 

 

 

 

16/11/2018

(21,250)

Transfer

2,156,779

0.71

 

 

 

 

23/11/2018

33,500

Transfer

2,190,279

0.73

 

 

 

 

23/11/2018

(25,925)

Transfer

2,164,354

0.72

 

 

 

 

30/11/2018

1,576

Transfer

2,165,930

0.72

 

 

 

 

30/11/2018

(94,626)

Transfer

2,071,304

0.69

 

 

 

 

07/12/2018

(33,833)

Transfer

2,037,471

0.67

 

 

 

 

14/12/2018

13,550

Transfer

2,051,021

0.68

 

 

 

 

21/12/2018

203

Transfer

2,051,224

0.68

 

 

 

 

21/12/2018

(39,153)

Transfer

2,012,071

0.67

 

 

 

 

28/12/2018

(2,600)

Transfer

2,009,471

0.67

 

 

 

 

31/12/2018

(4,500)

Transfer

2,004,971

0.66

 

 

 

 

04/01/2019

(10,000)

Transfer

1,994,971

0.66

 

 

 

 

11/01/2019

(17,335)

Transfer

1,977,636

0.65

 

 

 

 

18/01/2019

(29,000)

Transfer

1,948,636

0.65

 

 

 

 

25/01/2019

(9,000)

Transfer

1,939,636

0.64

 

 

 

 

01/02/2019

(385,380)

Transfer

1,554,256

0.51

 

 

 

 

08/02/2019

(42,200)

Transfer

1,512,056

0.50

 

 

 

 

15/02/2019

1,530

Transfer

1,513,586

0.50

 

 

 

 

15/02/2019

(3,900)

Transfer

1,509,686

0.50

 

 

 

 

22/02/2019

29,100

Transfer

1,538,786

0.51

 

 

 

 

22/02/2019

(24,100)

Transfer

1,514,686

0.50

 

 

 

 

08/03/2019

(1,407)

Transfer

1,513,279

0.50

 

 

 

 

15/03/2019

1,407

Transfer

1,514,686

0.50

 

 

 

 

22/03/2019

(377)

Transfer

1,514,309

0.50

 

 

 

 

29/03/2019

1,453

Transfer

1,515,762

0.50

 

 

 

 

29/03/2019

(45,810)

Transfer

1,469,952

0.49

 

 

 

 

30/03/2019

59,304

Transfer

1,529,256

0.51

4.

NOMURA INDIA

2,260,558

0.75

31/03/2018

 

 

 

 

 

INVESTMENT FUND

 

 

06/04/2018

(106,036)

Transfer

2,154,522

0.71

 

MOTHER FUND

 

 

28/09/2018

74,859

Transfer

2,229,381

0.74

 

 

 

 

29/09/2018

74,859

Transfer

2,304,240

0.76

 

 

 

 

12/10/2018

110,275

Transfer

2,414,515

0.80

 

 

 

 

01/02/2019

80,710

Transfer

2,495,225

0.83

 

 

 

 

08/02/2019

(30,000)

Transfer

2,465,225

0.82

 

 

 

 

30/03/2019

 

 

2,390,366

0.79

5.

ICICI PRUDENTIAL

1,702,470

0.56

31/03/2018

 

 

 

 

 

SENSEX IWIN ETF

 

 

06/04/2018

1,904

Transfer

1,704,374

0.56

 

 

 

 

06/04/2018

(8)

Transfer

1,704,366

0.56

 

 

 

 

13/04/2018

29,760

Transfer

1,734,126

0.57

 

 

 

 

13/04/2018

(1,654)

Transfer

1,732,472

0.57

 

 

 

 

20/04/2018

(527)

Transfer

1,731 ,945

0.57

 

 

 

 

27/04/2018

94,086

Transfer

1,826,031

0.60

 

 

 

 

27/04/2018

(7,316)

Transfer

1,818,715

0.60

 

 

 

 

04/05/2018

97,239

Transfer

1,915,954

0.63

 

 

 

 

04/05/2018

(34)

Transfer

1,915,920

0.63

 

 

 

 

11/05/2018

59,612

Transfer

1,975,532

0.65

 

 

 

 

18/05/2018

190,865

Transfer

2,166,397

0.72

 

 

 

 

18/05/2018

(3,334)

Transfer

2,163,063

0.72

 

 

 

 

25/05/2018

79,031

Transfer

2,242,094

0.74

 

 

 

 

25/05/2018

(69)

Transfer

2,242,025

0.74

 

 

 

 

01/06/2018

95

Transfer

2,242,120

0.74

 

 

 

 

01/06/2018

(8,823)

Transfer

2,233,297

0.74

 

 

 

 

08/06/2018

455

Transfer

2,233,752

0.74

 

 

 

 

15/06/2018

256

Transfer

2,234,008

0.74

 

 

 

 

15/06/2018

(2,686)'

Transfer

2,231,322

0.74

 

 

 

 

22/06/2018

740

Transfer

2,232,062

0.74

 

 

 

 

22/06/2018

(18)

Transfer

2,232,044

0.74

 

 

 

 

29/06/2018

111

Transfer

2,232,155

0.74

 

 

 

 

06/07/2018

57

Transfer

2,232,212

0.74

 

 

 

 

06/07/2018

(227,676)

Transfer

2,004,536

0.66

 

 

 

 

13/07/2018

128

Transfer

2,004,664

0.66

 

 

 

 

13/07/2018

(155,244)

Transfer

1,849,420

0.61

 

 

 

 

20/07/2018

20,075

Transfer

1,869,495

0.62

 

 

 

 

20/07/2018

(177,531)

Transfer

1,691,964

0.56

 

 

 

 

27/07/2018

83

Transfer

1,692,047

0.56

 

 

 

 

27/07/2018

(165,071)

Transfer

1,526,976

0.51

 

 

 

 

03/08/2018

1,486 '

Transfer

1,528,462

0.51

 

 

 

 

03/08/2018

(6,415)'

Transfer

1,522,047

0.50

 

 

 

 

10/08/2018

1,468 '

Transfer

1,523,515

0.50

 

 

 

 

10/08/2018

(671)

Transfer

1,522,844

0.50

 

 

 

 

17/08/2018

62

Transfer

1,522,906

0.50

 

 

 

 

17/08/2018

(2,227)'

Transfer

1,520,679

0.50

 

 

 

 

24/08/2018

25,368

Transfer

1,546,047

0.51

 

 

 

 

24/08/2018

(7,553)

Transfer

1,538,494

0.51

 

 

 

 

31/08/2018

15,507

Transfer

1,554,001

0.51

 

 

 

 

31/08/2018

(53,300)

Transfer

1,500,701

0.50

 

 

 

 

07/09/2018

6,743

Transfer

1,507,444

0.50

 

 

 

 

14/09/2018

70,554

Transfer

1,577,998

0.52

 

 

 

 

14/09/2018

(397)

Transfer

1,577,601

0.52

 

 

 

 

21/09/2018

61,406

Transfer

1,639,007

0.54

 

 

 

 

21/09/2018

(11)

Transfer

1,638,996

0.54

 

 

 

 

28/09/2018

234,878 '

Transfer

1,873,874

0.62

 

 

 

 

28/09/2018

(963)

Transfer

1,872,911

0.62

 

 

 

 

29/09/2018

234,878 '

Transfer

2,107,789

0.70

 

 

 

 

29/09/2018

(963)

Transfer

2,106,826

0.70

 

 

 

 

05/10/2018

5,707 '

Transfer

2,112,533

0.70

 

 

 

 

12/10/2018

91,208

Transfer

2,203,741

0.73

 

 

 

 

19/10/2018

662

Transfer

2,204,403

0.73

 

 

 

 

19/10/2018

(57,350)

Transfer

2,147,053

0.71

 

 

 

 

26/10/2018

183,584

Transfer

2,330,637

0.77

 

 

 

 

26/10/2018

(51)

Transfer

2,330,586

0.77

 

 

 

 

02/11/2018

147,274

Transfer

2,477,860

0.82

 

 

 

 

09/11/2018

25,444

Transfer

2,503,304

0.83

 

 

 

 

09/11/2018

(42,078)

Transfer

2,461,226

0.81

 

 

 

 

16/11/2018

188

Transfer

2,461,414

0.81

 

 

 

 

16/11/2018

(168,622)

Transfer

2,292,792

0.76

 

 

 

 

23/11/2018

231

Transfer

2,293,023

0.76

 

 

 

 

23/11/2018

(104,054)

Transfer

2,188,969

0.72

 

 

 

 

30/11/2018

7,457 '

Transfer

2,196,426

0.73

 

 

 

 

30/11/2018

(87,796)

Transfer

2,108,630

0.70

 

 

 

 

07/12/2018

199

Transfer

2,108,829

0.70

 

 

 

 

07/12/2018

(3,559)

Transfer

2,105,270

0.70

 

 

 

 

14/12/2018

52,472

Transfer

2,157,742

0.71

 

 

 

 

14/12/2018

(1,931)

Transfer

2,155,811

0.71

 

 

 

 

21/12/2018

270

Transfer

2,156,081

0.71

 

 

 

 

21/12/2018

(11,775)

Transfer

2,144,306

0.71

 

 

 

 

28/12/2018

51

Transfer

2,144,357

0.71

 

 

 

 

28/12/2018

(13)

Transfer

2,144,344

0.71

 

 

 

 

31/12/2018

316

Transfer

2,144,660

0.71

 

 

 

 

31/12/2018

(32)

Transfer

2,144,628

0.71

 

 

 

 

04/01/2019

257

Transfer

2,144,885

0.71

 

 

 

 

11/01/2019

130

Transfer

2,145,015

0.71

 

 

 

 

11/01/2019

(150)

Transfer

2,144,865

0.71

 

 

 

 

18/01/2019

599

Transfer

2,145,464

0.71

 

 

 

 

18/01/2019

(5,615)

Transfer

2,139,849

0.71

 

 

 

 

25/01/2019

98

Transfer

2,139,947

0.71

 

 

 

 

25/01/2019

(19,129)

Transfer

2,120,818

0.70

 

 

 

 

01/02/2019

110,455

Transfer

2,231,273

0.74

 

 

 

 

01/02/2019

(1,500)

Transfer

2,229,773

0.74

 

 

 

 

08/02/2019

4,271

Transfer

2,234,044

0.74

 

 

 

 

08/02/2019

(39,038)

Transfer

2,195,006

0.73

 

 

 

 

15/02/2019

181

Transfer

2,195,187

0.73

 

 

 

 

15/02/2019

(357)

Transfer

2,194,830

0.73

 

 

 

 

22/02/2019

352

Transfer

2,195,182

0.73

 

 

 

 

22/02/2019

(1,376)

Transfer

2,193,806

0.73

 

 

 

 

01/03/2019

184

Transfer

2,193,990

0.73

 

 

 

 

01/03/2019

(26)

Transfer

2,193,964

0.73

 

 

 

 

08/03/2019

63,970

Transfer

2,257,934

0.75

 

 

 

 

08/03/2019

(465)

Transfer

2,257,469

0.75

 

 

 

 

15/03/2019

226

Transfer

2,257,695

0.75

 

 

 

 

15/03/2019

(12,399)

Transfer

2,245,296

0.74

 

 

 

 

22/03/2019

154,644

Transfer

2,399,940

0.79

 

 

 

 

22/03/2019

(1,114)

Transfer

2,398,826

0.79

 

 

 

 

29/03/2019

94,545

Transfer

2,493,371

0.83

 

 

 

 

30/03/2019

(233,915)

Transfer

2,259,456

0.75

6

SBI MAGNUM GLOBAL

2,147,409

0.71

31/03/2018

 

 

 

 

 

 

FUND

 

 

06/04/2018

7,657

Transfer

2,155,066

0.71

 

 

 

 

 

06/04/2018

(3,177)

Transfer

2,151,889

0.71

 

 

 

 

 

13/04/2018

118,129

Transfer

2,270,018

0.75

 

 

 

 

 

20/04/2018

176,412

Transfer

2,446,430

0.81

 

 

 

 

 

27/04/2018

14,737

Transfer

2,461,167

0.81

 

 

 

 

 

04/05/2018

10,710

Transfer

2,471,877

0.82

 

 

 

 

 

11/05/2018

41,544

Transfer

2,513,421

0.83

 

 

 

 

 

18/05/2018

14,615

Transfer

2,528,036

0.84

 

 

 

 

 

25/05/2018

8,589

Transfer

2,536,625

0.84

 

 

 

 

 

25/05/2018

(5,900)

Transfer

2,530,725

0.84

 

 

 

 

 

01/06/2018

31,684

Transfer

2,562,409

0.85

 

 

 

 

 

08/06/2018

13,831

Transfer

2,576,240

0.85

 

 

 

 

 

15/06/2018

23,049

Transfer

2,599,289

0.86

 

 

 

 

 

22/06/2018

6,573

Transfer

2,605,862

0.86

 

 

 

 

 

22/06/2018

(633)

Transfer

2,605,229

0.86

 

 

 

 

 

29/06/2018

7,505

Transfer

2,612,734

0.86

 

 

 

 

 

29/06/2018

(1,155)

Transfer

2,611,579

0.86

 

 

 

 

 

06/07/2018

70,100

Transfer

2,681,679

0.89

 

 

 

 

 

13/07/2018

11,274

Transfer

2,692,953

0.89

 

 

 

 

 

13/07/2018

(159)

Transfer

2,692,794

0.89

 

 

 

 

 

20/07/2018

7,615

Transfer

2,700,409

0.89

 

 

 

 

 

27/07/2018

9,313

Transfer

2,709,722

0.90

 

 

 

 

 

27/07/2018

(17)

Transfer

2,709,705

0.90

 

 

 

 

 

03/08/2018

14,060

Transfer

2,723,765

0.90

 

 

 

 

 

03/08/2018

(220)

Transfer

2,723,545

0.90

 

 

 

 

 

10/08/2018

10,076

Transfer

2,733,621

0.90

 

 

 

 

 

10/08/2018

(9,313)

Transfer

2,724,308

0.90

 

 

 

 

 

17/08/2018

4,514

Transfer

2,728,822

0.90

 

 

 

 

 

24/08/2018

12,123

Transfer

2,740,945

0.91

 

 

 

 

 

31/08/2018

21,081

Transfer

2,762,026

0.91

 

 

 

 

 

31/08/2018

(121)

Transfer

2,761,905

0.91

 

 

 

 

 

07/09/2018

18,094

Transfer

2,779,999

0.92

 

 

 

 

 

07/09/2018

(12)

Transfer

2,779,987

0.92

 

 

 

 

 

14/09/2018

16,347

Transfer

2,796,334

0.93

 

 

 

 

 

14/09/2018

(373)

Transfer

2,795,961

0.93

 

 

 

 

 

21/09/2018

13,483

Transfer

2,809,444

0.93

 

 

 

 

 

28/09/2018

244,707

Transfer

3,054,151

1.01

 

 

 

 

 

28/09/2018

(154,784)

Transfer

2,899,367

0.96

 

 

 

 

 

29/09/2018

244,707

Transfer

3,144,074

1.04

 

 

 

 

 

29/09/2018

(154,784)

Transfer

2,989,290

0.99

 

 

 

 

 

05/10/2018

102,859

Transfer

3,092,149

1.02

 

 

 

 

 

12/10/2018

56,596

Transfer

3,148,745

1.04

 

 

 

 

 

19/10/2018

6,160

Transfer

3,154,905

1.04

 

 

 

 

 

26/10/2018

17,281

Transfer

3,172,186

1.05

 

 

 

 

 

02/11/2018

47,915

Transfer

3,220,101

1.07

 

 

 

 

 

09/11/2018

8,848

Transfer

3,228,949

1.07

 

 

 

 

 

16/11/2018

21,472

Transfer

3,250,421

1.08

 

 

 

 

 

16/11/2018

(116)

Transfer

3,250,305

1.08

 

 

 

 

 

23/11/2018

8,424

Transfer

3,258,729

1.08

 

 

 

 

 

30/11/2018

6,590

Transfer

3,265,319

1.08

 

 

 

 

 

07/12/2018

807

Transfer

3,266,126

1.08

 

 

 

 

 

07/12/2018

(1,940)

Transfer

3,264,186

1.08

 

 

 

 

 

14/12/2018

3,188

Transfer

3,267,374

1.08

 

 

 

 

 

14/12/2018

(12,201)

Transfer

3,255,173

1.08

 

 

 

 

 

21/12/2018

9,775

Transfer

3,264,948

1.08

 

 

 

 

 

21/12/2018

(505)

Transfer

3,264,443

1.08

 

 

 

 

 

28/12/2018

3,652

Transfer

3,268,095

1.08

 

 

 

 

 

28/12/2018

(4,188)

Transfer

3,263,907

1.08

 

 

 

 

 

31/12/2018

3,611

Transfer

3,267,518

1.08

 

 

 

 

 

04/01/2019

34,230

Transfer

3,301,748

1.09

 

 

 

 

 

04/01/2019

(19)

Transfer

3,301,729

1.09

 

 

 

 

 

11/01/2019

24,513

Transfer

3,326,242

1.10

 

 

 

 

 

11/01/2019

(11,725)

Transfer

3,314,517

1.10

 

 

 

 

 

18/01/2019

18,104

Transfer

3,332,621

1.10

 

 

 

 

 

18/01/2019

(52)

Transfer

3,332,569

1.10

 

 

 

 

 

25/01/2019

17,342

Transfer

3,349,911

1.11

 

 

 

 

 

25/01/2019

(17)

Transfer

3,349,894

1.11

 

 

 

 

 

01/02/2019

21,011

Transfer

3,370,905

1.12

 

 

 

 

 

08/02/2019

18,332

Transfer

3,389,237

1.12

 

 

 

 

 

08/02/2019

(5,352)

Transfer

3,383,885

1.12

 

 

 

 

 

15/02/2019

9,194

Transfer

3,393,079

1.12

 

 

 

 

 

15/02/2019

(34)

Transfer

3,393,045

1.12

 

 

 

 

 

22/02/2019

12,640

Transfer

3,405,685

1.13

 

 

 

 

 

01/03/2019

25,661

Transfer

3,431,346

1.14

 

 

 

 

 

01/03/2019

(3,792)

Transfer

3,427,554

1.13

 

 

 

 

 

08/03/2019

20,560

Transfer

3,448,114

1.14

 

 

 

 

 

08/03/2019

(5,705)

Transfer

3,442,409

1.14

 

 

 

 

 

15/03/2019

25,069

Transfer

3,467,478

1.15

 

 

 

 

 

15/03/2019

(66,100)

Transfer

3,401,378

1.13

 

 

 

 

 

22/03/2019

24,176

Transfer

3,425,554

1.13

 

 

 

 

 

22/03/2019

(75,030)

Transfer

3,350,524

1.11

 

 

 

 

 

29/03/2019

9,194

Transfer

3,359,718

1.11

 

 

 

 

 

29/03/2019

(20,909)

Transfer

3,338,809

1.11

 

 

 

 

 

30/03/2019

(89,923)

Transfer

3,248,886

1.08

 

7

UTI - CCF -INVESTMENT

2,082,858

0.69

31/03/2018

 

 

 

 

 

 

PLAN

 

 

06/04/2018

5,066

Transfer

2,087,924

0.69

 

 

 

 

 

06/04/2018

(64,784)

Transfer

2,023,140

0.67

 

 

 

 

 

13/04/2018

5,367

Transfer

2,028,507

0.67

 

 

 

 

 

13/04/2018

(1,074)

Transfer

2,027,433

0.67

 

 

 

 

 

20/04/2018

4,129

Transfer

2,031,562

0.67

 

 

 

 

 

27/04/2018

27,890

Transfer

2,059,452

0.68

 

 

 

 

 

27/04/2018

(6,500)

Transfer

2,052,952

0.68

 

 

 

 

 

04/05/2018

160,165

Transfer

2,213,117

0.73

 

 

 

 

 

04/05/2018

(92,357)

Transfer

2,120,760

0.70

 

 

 

 

 

11/05/2018

5,951

Transfer

2,126,711

0.70

 

 

 

 

 

11/05/2018

(5,282)

Transfer

2,121,429

0.70

 

 

 

 

 

18/05/2018

1,638

Transfer

2,123,067

0.70

 

 

 

 

 

18/05/2018

(638)

Transfer

2,122,429

0.70

 

 

 

 

 

25/05/2018

4,647

Transfer

2,127,076

0.70

 

 

 

 

 

01/06/2018

15,471

Transfer

2,142,547

0.71

 

 

 

 

 

01/06/2018

(8,332)

Transfer

2,134,215

0.71

 

 

 

 

 

08/06/2018

5,234

Transfer

2,139,449

0.71

 

 

 

 

 

08/06/2018

(28,725)

Transfer

2,110,724

0.70

 

 

 

 

 

15/06/2018

2,991

Transfer

2,113,715

0.70

 

 

 

 

 

15/06/2018

(4,500)

Transfer

2,109,215

0.70

 

 

 

 

 

22/06/2018

11,586

Transfer

2,120,801

0.70

 

 

 

 

 

22/06/2018

(72)

Transfer

2,120,729

0.70

 

 

 

 

 

29/06/2018

1,855

Transfer

2,122,584

0.70

 

 

 

 

 

29/06/2018

(24,643)

Transfer

2,097,941

0.69

 

 

 

 

 

06/07/2018

2,879

Transfer

2,100,820

0.70

 

 

 

 

 

06/07/2018

(56,202)

Transfer

2,044,618

0.68

 

 

 

 

 

13/07/2018

5,436

Transfer

2,050,054

0.68

 

 

 

 

 

13/07/2018

(682)

Transfer

2,049,372

0.68

 

 

 

 

 

20/07/2018

5,943

Transfer

2,055,315

0.68

 

 

 

 

 

20/07/2018

(5,355)

Transfer

2,049,960

0.68

 

 

 

 

 

27/07/2018

2,332

Transfer

2,052,292

0.68

 

 

 

 

 

27/07/2018

(669)

Transfer

2,051,623

0.68

 

 

 

 

 

03/08/2018

3,828

Transfer

2,055,451

0.68

 

 

 

 

 

03/08/2018

(8,653)

Transfer

2,046,798

0.68

 

 

 

 

 

10/08/2018

24,420

Transfer

2,071,218

0.69

 

 

 

 

 

10/08/2018

(31,683)

Transfer

2,039,535

0.68

 

 

 

 

 

17/08/2018

6,865

Transfer

2,046,400

0.68

 

 

 

 

 

17/08/2018

(26,482)

Transfer

2,019,918

0.67

 

 

 

 

 

24/08/2018

8,295

Transfer

2,028,213

0.67

 

 

 

 

 

24/08/2018

(75,871)

Transfer

1,952,342

0.65

 

 

 

 

 

31/08/2018

12,303

Transfer

1,964,645

0.65

 

 

 

 

 

31/08/2018

(16,771)

Transfer

1,947,874

0.64

 

 

 

 

 

07/09/2018

11,061

Transfer

1,958,935

0.65

 

 

 

 

 

07/09/2018

(9,021)

Transfer

1,949,914

0.65

 

 

 

 

 

14/09/2018

5,213

Transfer

1,955,127

0.65

 

 

 

 

 

14/09/2018

(10,000)

Transfer

1,945,127

0.64

 

 

 

 

 

21/09/2018

3,782

Transfer

1,948,909

0.65

 

 

 

 

 

21/09/2018

(9,398)

Transfer

1,939,511

0.64

 

 

 

 

 

28/09/2018

3,255

Transfer

1,942,766

0.64

 

 

 

 

 

28/09/2018

(889)

Transfer

1,941,877

0.64

 

 

 

 

 

29/09/2018

3,255

Transfer

1,945,132

0.64

 

 

 

 

 

29/09/2018

(889)

Transfer

1,944,243

0.64

 

 

 

 

 

05/10/2018

40,376

Transfer

1,984,619

0.66

 

 

 

 

 

12/10/2018

4,539

Transfer

1,989,158

0.66

 

 

 

 

 

19/10/2018

20,081

Transfer

2,009,239

0.67

 

 

 

 

 

26/10/2018

6,743

Transfer

2,015,982

0.67

 

 

 

 

 

02/11/2018

11,232

Transfer

2,027,214

0.67

 

 

 

 

 

02/11/2018

(361)

Transfer

2,026,853

0.67

 

 

 

 

 

09/11/2018

3,012

Transfer

2,029,865

0.67

 

 

 

 

 

09/11/2018

(35,024)

Transfer

1,994,841

0.66

 

 

 

 

 

16/11/2018

15,850

Transfer

2,010,691

0.67

 

 

 

 

 

16/11/2018

(1,725)

Transfer

2,008,966

0.67

 

 

 

 

 

23/11/2018

2,612

Transfer

2,011,578

0.67

 

 

 

 

 

23/11/2018

(4,500)

Transfer

2,007,078

0.66

 

 

 

 

 

30/11/2018

3,567

Transfer

2,010,645

0.67

 

 

 

 

 

30/11/2018

(6,525)

Transfer

2,004,120

0.66

 

 

 

 

 

07/12/2018

395

Transfer

2,004,515

0.66

 

 

 

 

 

07/12/2018

(375)

Transfer

2,004,140

0.66

 

 

 

 

 

14/12/2018

622

Transfer

2,004,762

0.66

 

 

 

 

 

21/12/2018

3,364

Transfer

2,008,126

0.66

 

 

 

 

 

21/12/2018

(6,500)

Transfer

2,001,626

0.66

 

 

 

 

 

28/12/2018

1,785

Transfer

2,003,411

0.66

 

 

 

 

 

28/12/2018

(569)

Transfer

2,002,842

0.66

 

 

 

 

 

31/12/2018

1,288

Transfer

2,004,130

0.66

 

 

 

 

 

04/01/2019

5,583

Transfer

2,009,713

0.67

 

 

 

 

 

04/01/2019

(17,569)

Transfer

1,992,144

0.66

 

 

 

 

 

11/01/2019

7,121

Transfer

1,999,265

0.66

 

 

 

 

 

11/01/2019

(58,339)

Transfer

1,940,926

0.64

 

 

 

 

 

18/01/2019

4,880

Transfer

1,945,806

0.64

 

 

 

 

 

18/01/2019

(1,475)

Transfer

1,944,331

0.64

 

 

 

 

 

25/01/2019

5,703

Transfer

1,950,034

0.65

 

 

 

 

 

25/01/2019

(34,500)

Transfer

1,915,534

0.63

 

 

 

 

 

01/02/2019

11,913

Transfer

1,927,447

0.64

 

 

 

 

 

01/02/2019

(36,741)

Transfer

1,890,706

0.63

 

 

 

 

 

08/02/2019

9,613

Transfer

1,900,319

0.63

 

 

 

 

 

08/02/2019

(21,617)

Transfer

1,878,702

0.62

 

 

 

 

 

15/02/2019

3,745

Transfer

1,882,447

0.62

 

 

 

 

 

22/02/2019

13,487

Transfer

1,895,934

0.63

 

 

 

 

 

01/03/2019

21,041

Transfer

1,916,975

0.63

 

 

 

 

 

08/03/2019

6,446

Transfer

1,923,421

0.64

 

 

 

 

 

15/03/2019

67,400

Transfer

1,990,821

0.66

 

 

 

 

 

15/03/2019

(207)

Transfer

1,990,614

0.66

 

 

 

 

 

22/03/2019

8,846

Transfer

1,999,460

0.66

 

 

 

 

 

22/03/2019

(84)

Transfer

1,999,376

0.66

 

 

 

 

 

29/03/2019

14,692

Transfer

2,014,068

0.67

 

 

 

 

 

30/03/2019

(2,366)

Transfer

2,011,702

0.67

 

8

VANGUARD EMERGING

2,023,005

0.67

31/03/2018

 

 

 

 

 

 

MARKETS STOCK INDEX

 

 

06/04/2018

(7,330)

Transfer

2,015,675

0.67

 

 

FUND, A SERI

 

 

04/05/2018

(3,740)

Transfer

2,011,935

0.67

 

 

 

 

 

11/05/2018

(3,553)

Transfer

2,008,382

0.66

 

 

 

 

 

01/06/2018

(2,805)

Transfer

2,005,577

0.66

 

 

 

 

 

15/06/2018

(2,805)

Transfer

2,002,772

0.66

 

 

 

 

 

22/06/2018

(69,565)

Transfer

1,933,207

0.64

 

 

 

 

 

29/06/2018

(39,321)

Transfer

1,893,886

0.63

 

 

 

 

 

06/07/2018

(4,860)

Transfer

1,889,026

0.63

 

 

 

 

 

13/07/2018

(11,515)

Transfer

1,877,511

0.62

 

 

 

 

 

16/11/2018

2,865

Transfer

1,880,376

0.62

 

 

 

 

 

23/11/2018

7,449

Transfer

1,887,825

0.62

 

 

 

 

 

07/12/2018

3,629

Transfer

1,891 ,454

0.63

 

 

 

 

 

21/12/2018

10,314

Transfer

1,901,768

0.63

 

 

 

 

 

28/12/2018

(15,170)

Transfer

1,886,598

0.62

 

 

 

 

 

01/02/2019

10,846

Transfer

1,897,444

0.63

 

 

 

 

 

08/02/2019

34,595

Transfer

1,932,039

0.64

 

 

 

 

 

22/03/2019

(32,879)

Transfer

1,899,160

0.63

 

 

 

 

 

29/03/2019

4,301

Transfer

1,903,461

0.63

 

 

 

 

 

30/03/2019

 

 

1,903,461

0.63

 

9

GOVERNMENT OF

2,021,273

0.67

31/03/2018

 

 

 

 

 

 

SINGAPORE - E

 

 

06/04/2018

50,386

Transfer

2,071,659

0.69

 

 

 

 

 

06/04/2018

(9,244)

Transfer

2,062,415

0.68

 

 

 

 

 

13/04/2018

19,440

Transfer

2,081,855

0.69

 

 

 

 

 

20/04/2018

(74,071)

Transfer

2,007,784

0.66

 

 

 

 

 

27/04/2018

(55,187)

Transfer

1,952,597

0.65

 

 

 

 

 

04/05/2018

(20,650)

Transfer

1,931,947

0.64

 

 

 

 

 

11/05/2018

(6,909)

Transfer

1,925,038

0.64

 

 

 

 

 

18/05/2018

(2,600)

Transfer

1,922,438

0.64

 

 

 

 

 

25/05/2018

(139,639)

Transfer

1,782,799

0.59

 

 

 

 

 

01/06/2018

30,052

Transfer

1,812,851

0.60

 

 

 

 

 

01/06/2018

(887)

Transfer

1,811,964

0.60

 

 

 

 

 

08/06/2018

58,602

Transfer

1,870,566

0.62

 

 

 

 

 

15/06/2018

38,642

Transfer

1,909,208

0.63

 

 

 

 

 

22/06/2018

(5,552)

Transfer

1,903,656

0.63

 

 

 

 

 

13/07/2018

21,334

Transfer

1,924,990

0.64

 

 

 

 

 

20/07/2018

27,463

Transfer

1,952,453

0.65

 

 

 

 

 

27/07/2018

4,271

Transfer

1,956,724

0.65

 

 

 

 

 

27/07/2018

(845)

Transfer

1,955,879

0.65

 

 

 

 

 

03/08/2018

6,443

Transfer

1,962,322

0.65

 

 

 

 

 

03/08/2018

(1,068)

Transfer

1,961,254

0.65

 

 

 

 

 

10/08/2018

(14,002)

Transfer

1,947,252

0.64

 

 

 

 

 

24/08/2018

26,919

Transfer

1,974,171

0.65

 

 

 

 

 

31/08/2018

61,938

Transfer

2,036,109

0.67

 

 

 

 

 

07/09/2018

8,856

Transfer

2,044,965

0.68

 

 

 

 

 

14/09/2018

23,052

Transfer

2,068,017

0.68

 

 

 

 

 

14/09/2018

(12,801)

Transfer

2,055,216

0.68

 

 

 

 

 

21/09/2018

21,848

Transfer

2,077,064

0.69

 

 

 

 

 

28/09/2018

(82,461)

Transfer

1,994,603

0.66

 

 

 

 

 

29/09/2018

(82,461)

Transfer

1,912,142

0.63

 

 

 

 

 

05/10/2018

(9,396)

Transfer

1,902,746

0.63

 

 

 

 

 

12/10/2018

13,335

Transfer

1,916,081

0.63

 

 

 

 

 

12/10/2018

(1,879)

Transfer

1,914,202

0.63

 

 

 

 

 

19/10/2018

5,536

Transfer

1,919,738

0.64

 

 

 

 

 

02/11/2018

3,563

Transfer

1,923,301

0.64

 

 

 

 

 

09/11/2018

144,539

Transfer

2,067,840

0.68

 

 

 

 

 

16/11/2018

(27,897)

Transfer

2,039,943

0.68

 

 

 

 

 

23/11/2018

12,420

Transfer

2,052,363

0.68

 

 

 

 

 

30/11/2018

61 ,253

Transfer

2,113,616

0.70

 

 

 

 

 

07/12/2018

(3,353)

Transfer

2,110,263

0.70

 

 

 

 

 

14/12/2018

(28)

Transfer

2,110,235

0.70

 

 

 

 

 

21/12/2018

12,649

Transfer

2,122,884

0.70

 

 

 

 

 

28/12/2018

593

Transfer

2,123,477

0.70

 

 

 

 

 

28/12/2018

(13,296)

Transfer

2,110,181

0.70

 

 

 

 

 

04/01/2019

10,612

Transfer

2,120,793

0.70

 

 

 

 

 

11/01/2019

(53)

Transfer

2,120,740

0.70

 

 

 

 

 

01/02/2019

(69,844)

Transfer

2,050,896

0.68

 

 

 

 

 

08/02/2019

32,538

Transfer

2,083,434

0.69

 

 

 

 

 

15/02/2019

(3,435)

Transfer

2,079,999

0.69

 

 

 

 

 

01/03/2019

(43,071)

Transfer

2,036,928

0.67

 

 

 

 

 

08/03/2019

(23,452)

Transfer

2,013,476

0.67

 

 

 

 

 

15/03/2019

14,365

Transfer

2,027,841

0.67

 

 

 

 

 

22/03/2019

47,088

Transfer

2,074,929

0.69

 

 

 

 

 

29/03/2019

62,845

Transfer

2,137,774

0.71

 

 

 

 

 

30/03/2019

82,461

Transfer

2,220,235

0.73

 

10

NPS TRUST - A/C SBI

1,463,523

0.48

31/03/2018

 

 

 

 

 

 

PENSION FUND SCHEME -

 

 

06/04/2018

7,432

Transfer

1,470,955

0.49

 

 

ATAL PEN

 

 

13/04/2018

833

Transfer

1,471,788

0.49

 

 

 

 

 

20/04/2018

103

Transfer

1,471,891

0.49

 

 

 

 

 

27/04/2018

57

Transfer

1,471,948

0.49

 

 

 

 

 

04/05/2018

14,527

Transfer

1,486,475

0.49

 

 

 

 

 

11/05/2018

14,589

Transfer

1,501,064

0.50

 

 

 

 

 

18/05/2018

12,914

Transfer

1,513,978

0.50

 

 

 

 

 

25/05/2018

29,205

Transfer

1,543,183

0.51

 

 

 

 

 

01/06/2018

6,414

Transfer

1,549,597

0.51

 

 

 

 

 

08/06/2018

62

Transfer

1,549,659

0.51

 

 

 

 

 

22/06/2018

45

Transfer

1,549,704

0.51

 

 

 

 

 

29/06/2018

293

Transfer

1,549,997

0.51

 

 

 

 

 

06/07/2018

137

Transfer

1,550,134

0.51

 

 

 

 

 

06/07/2018

(2,285)

Transfer

1,547,849

0.51

 

 

 

 

 

13/07/2018

(2,073)

Transfer

1,545,776

0.51

 

 

 

 

 

20/07/2018

178

Transfer

1,545,954

0.51

 

 

 

 

 

27/07/2018

236

Transfer

1,546,190

0.51

 

 

 

 

 

03/08/2018

126

Transfer

1,546,316

0.51

 

 

 

 

 

10/08/2018

142

Transfer

1,546,458

0.51

 

 

 

 

 

17/08/2018

13

Transfer

1,546,471

0.51

 

 

 

 

 

24/08/2018

6,680

Transfer

1,553,151

0.51

 

 

 

 

 

24/08/2018

(76)

Transfer

1,553,075

0.51

 

 

 

 

 

31/08/2018

819

Transfer

1,553,894

0.51

 

 

 

 

 

07/09/2018

12,590

Transfer

1,566,484

0.52

 

 

 

 

 

07/09/2018

(273)

Transfer

1,566,211

0.52

 

 

 

 

 

14/09/2018

13,888

Transfer

1,580,099

0.52

 

 

 

 

 

21/09/2018

11,757

Transfer

1,591,856

0.53

 

 

 

 

 

28/09/2018

47,479

Transfer

1,639,335

0.54

 

 

 

 

 

29/09/2018

47,479

Transfer

1,686,814

0.56

 

 

 

 

 

05/10/2018

24,313

Transfer

1,711,127

0.57

 

 

 

 

 

12/10/2018

55,385

Transfer

1,766,512

0.58

 

 

 

 

 

19/10/2018

7,955

Transfer

1,774,467

0.59

 

 

 

 

 

26/10/2018

31,363

Transfer

1,805,830

0.60

 

 

 

 

 

02/11/2018

44,372

Transfer

1,850,202

0.61

 

 

 

 

 

09/11/2018

3,155

Transfer

1,853,357

0.61

 

 

 

 

 

16/11/2018

118

Transfer

1,853,475

0.61

 

 

 

 

 

23/11/2018

549

Transfer

1,854,024

0.61

 

 

 

 

 

30/11/2018

12,344

Transfer

1,866,368

0.62

 

 

 

 

 

07/12/2018

12,602

Transfer

1,878,970

0.62

 

 

 

 

 

14/12/2018

12,000

Transfer

1,890,970

0.63

 

 

 

 

 

21/12/2018

255

Transfer

1,891,225

0.63

 

 

 

 

 

28/12/2018

12,150

Transfer

1,903,375

0.63

 

 

 

 

 

28/12/2018

(7,500)

Transfer

1,895,875

0.63

 

 

 

 

 

31/12/2018

(48)

Transfer

1,895,827

0.63

 

 

 

 

 

04/01/2019

19,418

Transfer

1,915,245

0.63

 

 

 

 

 

11/01/2019

8,576

Transfer

1,923,821

0.64

 

 

 

 

 

11/01/2019

(1,816)

Transfer

1,922,005

0.64

 

 

 

 

 

18/01/2019

17,785

Transfer

1,939,790

0.64

 

 

 

 

 

25/01/2019

24,947

Transfer

1,964,737

0.65

 

 

 

 

 

01/02/2019

5,438

Transfer

1,970,175

0.65

 

 

 

 

 

08/02/2019

2,434

Transfer

1,972,609

0.65

 

 

 

 

 

15/02/2019

13,178

Transfer

1,985,787

0.66

 

 

 

 

 

22/02/2019

18,712

Transfer

2,004,499

0.66

 

 

 

 

 

01/03/2019

14,529

Transfer

2,019,028

0.67

 

 

 

 

 

08/03/2019

4,786

Transfer

2,023,814

0.67

 

 

 

 

 

15/03/2019

7,210

Transfer

2,031,024

0.67

 

 

 

 

 

15/03/2019

(3,532)

Transfer

2,027,492

0.67

 

 

 

 

 

22/03/2019

9,435

Transfer

2,036,927

0.67

 

 

 

 

 

29/03/2019

6,856

Transfer

2,043,783

0.68

 

 

 

 

 

29/03/2019

(13,000)

Transfer

2,030,783

0.67

 

 

 

 

 

30/03/2019

(47,479)

Transfer

1,983,304

0.66

 

11

ABU DHABI INVESTMENT

1,968,365

0.65

31.03.2018

 

 

 

 

 

 

AUTHORITY - BEACON

 

 

06/04/2018

(4,228)

Transfer

1,964,137

0.65

 

 

 

 

 

27/04/2018

(9,958)

Transfer

1,954,179

0.65

 

 

 

 

 

04/05/2018

885

Transfer

1,955,064

0.65

 

 

 

 

 

04/05/2018

(885)

Transfer

1,954,179

0.65

 

 

 

 

 

11/05/2018

(885)

Transfer

1,953,294

0.65

 

 

 

 

 

25/05/2018

3,155

Transfer

1,956,449

0.65

 

 

 

 

 

25/05/2018

(12,600)

Transfer

1,943,849

0.64

 

 

 

 

 

01/06/2018

(25,750)

Transfer

1,918,099

0.63

 

 

 

 

 

22/06/2018

(54,567)

Transfer

1,863,532

0.62

 

 

 

 

 

29/06/2018

89,467

Transfer

1,952,999

0.65

 

 

 

 

 

29/06/2018

(28,000)

Transfer

1,924,999

0.64

 

 

 

 

 

06/07/2018

113,944

Transfer

2,038,943

0.67

 

 

 

 

 

06/07/2018

(89,467)

Transfer

1,949,476

0.65

 

 

 

 

 

13/07/2018

(17,000)

Transfer

1,932,476

0.64

 

 

 

 

 

27/07/2018

(5,000)

Transfer

1,927,476

0.64

 

 

 

 

 

03/08/2018

(18,032)

Transfer

1,909,444

0.63

 

 

 

 

 

10/08/2018

7,328

Transfer

1,916,772

0.63

 

 

 

 

 

10/08/2018

(9,727)

Transfer

1,907,045

0.63

 

 

 

 

 

17/08/2018

(3,664)

Transfer

1,903,381

0.63

 

 

 

 

 

24/08/2018

4,166

Transfer

1,907,547

0.63

 

 

 

 

 

24/08/2018

(3,664)

Transfer

1,903,883

0.63

 

 

 

 

 

07/09/2018

(2,686)

Transfer

1,901,197

0.63

 

 

 

 

 

14/09/2018

(6,000)

Transfer

1,895,197

0.63

 

 

 

 

 

21/09/2018

(13,227)

Transfer

1,881,970

0.62

 

 

 

 

 

28/09/2018

(8,697)

Transfer

1,873,273

0.62

 

 

 

 

 

29/09/2018

(8,697)

Transfer

1,864,576

0.62

 

 

 

 

 

05/10/2018

1,660

Transfer

1,866,236

0.62

 

 

 

 

 

05/10/2018

(63,372)

Transfer

1,802,864

0.60

 

 

 

 

 

12/10/2018

(75,691)

Transfer

1,727,173

0.57

 

 

 

 

 

19/10/2018

(72,700)

Transfer

1,654,473

0.55

 

 

 

 

 

26/10/2018

22,463

Transfer

1,676,936

0.56

 

 

 

 

 

26/10/2018

(49,750)

Transfer

1,627,186

0.54

 

 

 

 

 

09/11/2018

(22,550)

Transfer

1,604,636

0.53

 

 

 

 

 

16/11/2018

2,272

Transfer

1,606,908

0.53

 

 

 

 

 

30/11/2018

17,071

Transfer

1,623,979

0.54

 

 

 

 

 

07/12/2018

7,128

Transfer

1,631,107

0.54

 

 

 

 

 

14/12/2018

9,622

Transfer

1,640,729

0.54

 

 

 

 

 

14/12/2018

(10,913)

Transfer

1,629,816

0.54

 

 

 

 

 

04/01/2019

646

Transfer

1,630,462

0.54

 

 

 

 

 

08/02/2019

65,505

Transfer

1,695,967

0.56

 

 

 

 

 

15/02/2019

46,986

Transfer

1,742,953

0.58

 

 

 

 

 

22/02/2019

7,283

Transfer

1,750,236

0.58

 

 

 

 

 

01/03/2019

(4,538)

Transfer

1,745,698

0.58

 

 

 

 

 

22/03/2019

168,100

Transfer

1,913,798

0.63

 

 

 

 

 

22/03/2019

(168,100)

Transfer

1,745,698

0.58

 

 

 

 

 

29/03/2019

105,590

Transfer

1,851,288

0.61

 

 

 

 

 

29/03/2019

(403,949)

Transfer

1,447,339

0.48

 

 

 

 

 

30/03/2019

8,697

Transfer

1,456,036

0.48

 

12

KUWAIT INVESTMENT

1,769,325

0.59

31/03/2018

 

 

 

 

 

 

AUTHORITY FUND 141

 

 

13/04/2018

(10,111)

Transfer

1,759,214

0.58

 

 

 

 

 

04/05/2018

9,203

Transfer

1,768,417

0.59

 

 

 

 

 

04/05/2018

(852)

Transfer

1,767,565

0.59

 

 

 

 

 

11/05/2018

(21,000)

Transfer

1,746,565

0.58

 

 

 

 

 

01/06/2018

24,224

Transfer

1,770,789

0.59

 

 

 

 

 

01/06/2018

(2,183)

Transfer

1,768,606

0.59

 

 

 

 

 

08/06/2018

1,436

Transfer

1,770,042

0.59

 

 

 

 

 

15/06/2018

16,499

Transfer

1,786,541

0.59

 

 

 

 

 

29/06/2018

18,153

Transfer

1,804,694

0.60

 

 

 

 

 

06/07/2018

25,400

Transfer

1,830,094

0.61

 

 

 

 

 

13/07/2018

29,674

Transfer

1,859,768

0.62

 

 

 

 

 

27/07/2018

(1,926)

Transfer

1,857,842

0.62

 

 

 

 

 

24/08/2018

23,477

Transfer

1,881,319

0.62

 

 

 

 

 

24/08/2018

(31,957)

Transfer

1,849,362

0.61

 

 

 

 

 

31/08/2018

23,497

Transfer

1,872,859

0.62

 

 

 

 

 

07/09/2018

3,421

Transfer

1,876,280

0.62

 

 

 

 

 

07/09/2018

(57,753)

Transfer

1,818,527

0.60

 

 

 

 

 

05/10/2018

6,413

Transfer

1,824,940

0.60

 

 

 

 

 

12/10/2018

15,185

Transfer

1,840,125

0.61

 

 

 

 

 

26/10/2018

(67,145)

Transfer

1,772,980

0.59

 

 

 

 

 

02/11/2018

41,784

Transfer

1,814,764

0.60

 

 

 

 

 

09/11/2018

7,101

Transfer

1,821,865

0.60

 

 

 

 

 

09/11/2018

(7,488)

Transfer

1,814,377

0.60

 

 

 

 

 

16/11/2018

49,277

Transfer

1,863,654

0.62

 

 

 

 

 

23/11/2018

18,055

Transfer

1,881,709

0.62

 

 

 

 

 

30/11/2018

25,097

Transfer

1,906,806

0.63

 

 

 

 

 

07/12/2018

9,049

Transfer

1,915,855

0.63

 

 

 

 

 

04/01/2019

(29,090)

Transfer

1,886,765

0.62

 

 

 

 

 

18/01/2019

(8,892)

Transfer

1,877,873

0.62

 

 

 

 

 

01/02/2019

16,005

Transfer

1,893,878

0.63

 

 

 

 

 

01/02/2019

(17,890)

Transfer

1,875,988

0.62

 

 

 

 

 

08/02/2019

55,358

Transfer

1,931,346

0.64

 

 

 

 

 

08/02/2019

(9,660)

Transfer

1,921,686

0.64

 

 

 

 

 

22/02/2019

(21,031)

Transfer

1,900,655

0.63

 

 

 

 

 

01/03/2019

63,758

Transfer

1,964,413

0.65

 

 

 

 

 

01/03/2019

(63,758)

Transfer

1,900,655

0.63

 

 

 

 

 

15/03/2019

11,521

Transfer

1,912,176

0.63

 

 

 

 

 

22/03/2019

11,945

Transfer

1,924,121

0.64

 

 

 

 

 

30/03/2019

 

 

1,924,121

0.64

 

 

 

 

 

 

 

 

 

 

 

 

 

 

v) Shareholding of Directors and Key Managerial Personnel:

S No

 

Shareholding at the beginning of the year

Cumulative shareholding during the year

1

For each of the Directors and KMP

No. of shares

% of total shares of the Company

No. of shares

% of total shares of the Company

 

At the beginning of the year

 

 

 

 

 

1 Mr. Sanjeev Graver, Company Secretary

10(ten)

-

10(ten)

-

 

2. Mr. Ajay Seth, Chief Financial Officer

-

-

-

-

 

3. Directors

 

 

 

 

 

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

 

 

 

 

 

1 . Mr. Ajay Seth, Chief Financial Officer

-

-

-

-

 

2. Mr. Sanjeev Graver, Company Secretary

10(ten)

-

10(ten)

-

 

3. Directors

 

-

 

-

V. Indebtedness

Indebtedness of the Company including interest outstanding/ accrued but not due for payment

 

Secured Loans excluding deposits

Unsecured Loans (In Rs.)

Deposit

Total Indebtedness (In Rs)

Indebtedness at the beginning of the financial year (31st March 2018)

 

 

 

 

(i) Principal Amount

-

1,108,051,141

-

1,108,051,141

(ii) Interest due but not paid

-

-

-

-

(iii) Interest accrued but not due

-

198,044

 

198,044

Total (i+ii+iii)

-

1,108,249,184

-

1,108,249,184

Change in Indebtedness during the financial year

 

 

 

 

• Addition

-

1,496,482,123

-

1,496,482,123

• Reduction

-

(1,108,249,184)

-

(1,108,249,184)

Net Change

-

388,232,939

-

388,232,939

Indebtedness at the end of the financial year (31st March 2019)

 

 

 

 

(i) Principal Amount

-

1,496,250,927

-

1,496,250,927

(ii) Interest due but not paid

-

-

-

-

(iii) Interest accrued but not due

-

231,196

-

231,196

Total (i+ii+iii)

-

1,496,482,123

-

1,496,482,123

VI. Remuneration of Directors and Key Managerial Personnel A. Remuneration to Managing Director and Whole-Time Directors

 

 

Name of MD/WTD

Total Amount (In Rs)

S No

Particulars of Remuneration

Mr. Kenichi Ayukawa (In Rs)

Mr. Kazunari Yamaguchi (In Rs)

1.

Gross salary

 

 

 

 

(a) Salary as per provisions contained in section 17(1) of the Income-tax Act, 1961

22,644,000

15,192,000

37,836,000

 

(b) Value of perquisites under section 17(2) Income-tax Act, 1961

9,804,000

6,324,000

16,128,000

 

(c) Profits in lieu of salary under section 17(3) Income-tax Act, 1961

~

~

~

 

(d) Fee for attending board/ committee meetings

-

-

-

2.

Stock Option

-

-

-

3.

Sweat Equity

-

-

-

4.

Commission

-

-

-

 

as % of profit

 

 

 

 

others, specify...

 

 

 

5.

Other- Performance Linked Bonus

17,770,000

11,660,000

29,430,000

 

Total (A)

50,218,000

33,176,000

83,394,000

 

Ceiling as per the Act (Rs in million)

 

9,006

 

B. Remuneration to other Directors

SN

Particulars of Remuneration

Name of Directors

 

1.

Independent Directors

Mr. Davinder Singh Brar (InRs.)

Ms. Pallavi Shroff (In Rs)

Mr. Rajinder Pal Singh (InRs.)

Ms. Renu Sud Karnad (In Rs)

Total Amount (InRs.)

 

• Fee for attending board/ committee meetings

1,400,000

500,000

1,350,000

1,100,000

4,350,000

 

• Commission

5,200,000

2,200,000

4,200,000

3,600,000

15,200,000

 

• Others, please specify

-

-

-

-

-

 

Total (1)

6,600,000

2,700,000

5,550,000

4,700,000

19,550,000

 

 

 

 

 

 

 

 

2.

Other Non-Executive Directors

Mr. R.C. Bhargava (In Rs)

Mr. Kinji Saito (In Rs)

Mr. Toshihiro Suzuki (In Rs)

Mr. Osamu Suzuki (In Rs)

Mr. Kazuhiko Ayabe (In Rs)

Mr. T. Hasuike (in Rs)

Total Amount (In Rs)

 

• Fee for attending board/ committee meetings

900,000

500,000

550,000

500,000

500,000

500,000

3,450,000

 

• Commission

12,200,000

-

-

-

-

-

12,200,000

 

• Others, please specify

-

-

-

-

-

-

-

 

Total (2)

13,100,000

500,000

550,000

500,000

500,000

500,000

15,650,000

 

Total (B)=(1 +2) Total Managerial Remuneration

 

 

 

35,200,000

 

 

 

 

Overall ceiling as per the Act (Rs. In million)

 

 

 

901

 

 

 

C. Remuneration to Key Managerial Personnel other than MD/Manager/WTD

 

 

Key Managerial Personnel

Total Amount (In Rs)

S No

Particulars of Remuneration

Mr. Ajay Seth (In rs)

Mr. Sanjeev Grover (In Rs.)

1.

Gross salary

 

 

 

 

(a) Salary as per provisions contained in section 17(1) of the Income-tax Act, 1961

30,634,665

7,614,869

38,249,534

 

(b) Value of perquisites under section 17(2) of the Income-tax Act, 1961

492,950

57,000

549,950

 

(c) Profits in lieu of salary under section 17(3) of the Income-tax Act, 1961

~

~

~

2.

Stock Option

-

-

-

3.

Sweat Equity

-

-

-

4.

Commission

 

 

 

 

- as % of profit

-

-

-

 

- others, specify...

-

-

-

5.

Others, please specify

-

-

-

 

Total

31,127,615

7,671,869

38,799,484

VII. Penalties/ Punishment/ Compounding of Offences:

Type

Section of to Companies Act

Brief description

Details of penalty/ punishment/ compounding fees imposed

Authority [RD/ NCLT/ COST

Appeal made, if any (give details)

A.

COMPANY

 

 

 

 

 

 

Penalty

 

 

Nil

 

 

 

Punishment

 

 

 

 

 

 

Compounding

 

 

 

 

 

B.

DIRECTORS

 

 

 

 

 

 

Penalty

 

 

Nil

 

 

 

Punishment

 

 

 

 

 

 

Compounding

 

 

 

 

 

C.

OTHER OFFICERS IN DEFAULT

 

 

 

 

 

 

Penalty

 

 

Nil

 

 

 

Punishment

 

 

 

 

 

 

Compounding

 

 

 

 

 

 

For and on behalf of the Board of Directors

 

R.C. Bhargava

Kenichi Ayukawa

Chairman

Managing Director & CEO

New Delhi

 

25th April, 2019

 

Annexure -B

Nomination and Remuneration Policy

1. Scope

1.1. This Nomination and Remuneration Policy (the Policy) has been framed in compliance with Section 178 of the Companies Act, 2013 (Act) and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ('Listing Regulations').

1.2. This Policy aims to ensure that the persons appointed as Directors and Key Managerial Personnel (KMPs) as defined under the Act and Senior Management (designated Executive Officer and above) possess requisite qualifications, experience, expertise and attributes commensurate with their positions and level of management responsibilities and that the composition of remuneration to such persons is fair and reasonable and sufficient to attract, retain and motivate these persons to run the Company successfully.

1.3. This Policy is applicable to Directors, KMPs, Senior Management and other employees of the Company.

2. Objective

1.1. The objective of this Policy is to provide a framework for appointment, removal and remuneration of Directors, KMPs and Senior Management.

1.2. The Policy aims to provide:

(i) Criteria of appointment and removal of Directors, KMPs and Senior Management;

(ii) Criteria for determining qualifications, positive attributes and independence of a Director;

(iii) Remuneration of Directors, KMPs and Senior Management;

(iv) Principles for retaining, motivating and promoting talent and ensuring long term retention of talent and creating competitive advantage.

3. Board Diversity

While considering the composition of the Board, the NRC will take into account the diversity of the members of the Board based on a number of factors, inter-alia, gender, age, qualifications, nationality, professional experience, recognition, skills and ability to add value to the business.

Subject to the provisions of the Act including rules and regulations made thereunder and Listing

Regulations, the Board shall have atleast one woman director, persons who have strong technical/ managerial/administrative backgrounds relevant to the business of the Company and those who have excelled in one or more areas of finance/accounting/ law/public policy with top level administrative/ managerial experience.

4. Qualifications and Attributes for Directors, KMPs and Senior Management

1.1. The prospective Director:

(i) should be of the highest integrity and level of ethical standards;

(ii) should possess the requisite qualifications, skills, knowledge, experience and expertise relevant or useful to the business of the Company.

(iii) should, while acting as a Director be capable of balancing the interests of the Company, its employees, the shareholders, the community and of the need to ensure the protection of the environment; and

(iv) should inter-alia,

• uphold the highest ethical standards of integrity and probity;

• act objectively and constructively while exercising his / her duties;

• exercise his / her responsibilities in a bona fide manner in the interest of the Company;

• devote sufficient time and attention to his / her professional obligations for informed and balanced decision making;

• not allow any extraneous considerations that will vitiate his / her exercise of objective independent judgment in the paramount interest of the Company as a whole, while concurring in or dissenting from the collective judgment of the Board in its decision making;

• not abuse his / her position to the detriment of the Company or its shareholders or other stakeholders or attempt to gain direct or indirect personal advantage or advantage for any associated person;

• avoid conflict of interest, and in case of any apparent situation of conflict of interest, make appropriate disclosures to the Board;

• assist the Company in implementing the best corporate governance practices;

• strictly adhere to and monitor legal compliances at all levels; and

• protect confidentiality of the confidential and proprietary information of the Company.

(v) In addition, in the case of an Independent Directors), he/she must also satisfy the criteria specifically set out under applicable laws including the Act and the Listing Regulations.

1.2. The KMPs and the Senior Management should possess the highest integrity and ethical standards and have the requisite qualification and experience in any field relevant to and necessary for the business of the Company, including but not limited to technology, finance, law, public administration, management, accounting, marketing, production and human resource. They should also meet the requirements of the Act, Rules, Listing Regulations and / or any other applicable laws.

5. Evaluation of the Board, its Chairman, Individual Directors and Committees of the Board

The evaluation of the Board, its Chairman, individual directors and committees of the Board shall be undertaken in compliance with the provisions of Section 134(3)(p), Section 178 and Listing Regulations.

6. Appointment and Removal of Non-Executive/Independent Directors

1.1 Appointment

(i) Depending upon the requirements of the Company, the NRC shall identify from sources the Committee considers appropriate and reliable the persons who meet the requisite criteria and recommend their appointment to the Board at appropriate times.

(ii) The Board will consider the recommendations of the NRC and accordingly, approve the appointment and remuneration of Non-Executive and / or Independent Directors, subject to the needs of the Company and the approval of the shareholders.

(iii) The appointment process shall be independent of the Company management. While selecting persons for appointment as Independent Directors, the Board shall ensure that there is an appropriate balance of skills, experience and knowledge in the Board so as to enable the Board to discharge its functions and duties effectively.

(iv) The appointment of Independent Directors shall be formalised by way of letters of appointment in accordance with the applicable laws and the requisite related disclosures in relation to such appointments made.

(v) The process for appointment of Independent Directors prescribed under the Act, the Listing Regulations and specifically the procedure set out under Schedule IV of the Act (Code for Independent Directors) will be followed. The Board shall also comply with other applicable laws.

1.2. Removal

The appointment of an Independent Director may be terminated at the recommendation of the NRC or by the Board on its own in the event he/she:

• commits a breach of any of the duties, functions and responsibilities or obligations towards the Company or for reasons prescribed under the Act; or

• compromises independence vis-a-vis the Company in any manner whatsoever which will have an impact on the criteria of independence.

• If he/she becomes prohibited by law or under the Articles of Association from being an Independent Director of the Company.

7. Appointment and Removal of Managing Director, Joint Managing Director, Whole-Time Directors, KMPs and Senior Management Personnel

1.1. Appointment

(i) Depending upon the requirements of the Company for the above positions, the NRC shall identify persons and recommend their appointment to the Board including the terms of appointment and remuneration.

(ii) The Board will consider the recommendations of NRC and accordingly approve the appointments) and remuneration. The appointment of the Managing Director/Joint Managing Director/ Whole-time Directors shall be subject to the approval of the shareholders.

(iii) Appointments of other employees will be made in accordance with the Company's Human Resource (HR) policy.

1.2. Removal

(i) The appointment of the Managing Director/ Joint Managing Director/Whole Time Directors may be terminated at the recommendation of the NRC or by the Board on its own, if such Director commits a breach of any of the duties, functions and responsibilities or obligations or he/she becomes prohibited by law or under the Articles of Association from being such director of the Company.

(ii) The appointment of KMPs/Senior Management Personnel may be terminated at the recommendation of the NRC or by the Board on its own, if the person commits a breach of any duties, functions and responsibilities or obligations or for reasons prescribed under the Act or the Listing Regulations or for reasons of poor performance as measured as the result of the performance appraisal process over one or more years or suffers from any disqualification(s) mentioned in the Act, the Rules or under any other applicable laws, rules and regulations, or breaches the code of conduct and / or policies of the Company.

(iii) In respect of employees in other positions, where an employee suffers from any disqualification(s) mentioned in the Act, if any, under any other applicable laws, rules and regulations, the code of conduct and / or policies of the Company, the Management of the Company may terminate the services of such employee as laid down in the HR Policy of the Company.

8. Remuneration

1.1. The remuneration of the Non-Executive / Independent Directors will include the following:

(i) Variable remuneration in the form of commission calculated as a percentage of the net profits of the Company as recommended by the NRC and to the extent permitted in the Act and approved by the Board and / or the shareholders of the Company. The payment of commission is based on criteria such as attendance at meetings of the Board/ Committees of the Board, time devoted to the Company's work, the responsibilities undertaken as Chairmen of various committees/ the Board, their contribution to the conduct of the Company's business, etc.;

(ii) Sitting fee for attending meetings of the Board and committees constituted by the Board;

(iii) Reimbursement of expenses for participation in the meetings of the Board and other meetings.

1.2. The remuneration of the Managing Director, Joint Managing Director, Whole-time Directors, KMPs and Senior Management Personnel should be commensurate with qualifications, experience and capabilities. The remuneration should take into account past performance and achievements and be in line with market standards. In determining the total remuneration, consideration should be given to the performance of the individual and also to the performance of the Company. In both cases, performance is measured against goals/plans determined beforehand at the commencement of a year and well communicated to the individual/ the individual holding the management position, as the case may be.

1.3. The remuneration of the Managing Director/ Joint Managing Director/Whole Time Director/ KMPs/Senior Management Personnel will include the following:

(i) Salary and allowances - fixed and variable besides other Benefits as per Rules contained in the HR Policy applicable to Senior Management Personnel;

(ii) Retirement benefits including provident fund / gratuity / superannuation / leave encashment;

(iii) Performance linked bonus.

1.4. No Sitting Fee shall be payable to the Managing Director/a Whole Time Director for attending meetings of Board or the committees constituted by the Board.

1.5. The remuneration of the employees other than Senior Management Personnel shall be as per Company's HR Policy.

9. Increments

1.1. Increments of Managing Director/Joint Managing Director/Whole-time Directors will be granted by the Board based on the recommendation of the NRC taking into account the performance of the individual, the performance of the business and the Company as a whole. Performance will be measured against pre-determined and agreed goals/plans which are made known at the commencement of the year. The Board and the shareholders of the Company may approve changes in remuneration from time to time.

1.2. Appraisal will be carried out and award of increments of the KMPs/Senior Management Personnel/other employees will be determined according to the prevalent HR Policy and practice of the Company. The NRC will oversee compliance with the process.

10. Review/Amendment

Based on the recommendation of the NRC, the Board may review and amend any or all clauses of this Policy depending upon exigencies of business.

Annexure -1

Evaluation Criteria

1. The evaluation of performance of the Directors of the Company shall be undertaken as under:

SN

Provisions of the Act

Evaluation of Performance of

Performance to be evaluated by

A.

Section 178(2)

Independent Directors Non-independent Directors

Nomination and Remuneration Committee

B.

Section 134(3)(p) read with Schedule IV of the Act

The Board

Board

Committees of the Board

 

Independent Directors

 

Non-independent Directors

 

C.

Listing Regulations and Schedule IV of the Act

Non-independent Directors

Independent Directors

The Board

 

Chairman of the Company

 

Annexure -C

Annual Report on CSR Activities

1. Brief outline of Company's CSR Policy including overview of projects or programs proposed to be undertaken and a reference to the web-link to the CSR Policy and projects or programs.

The Company's CSR policy aims to create a meaningful and lasting impact in the lives of beneficiaries. To achieve the desired impact, the Company focuses its resources on a limited number of projects in specific areas rather than spread them thin over several projects. CSR activities are primarily undertaken in the areas of community development, road safety and skill development. All projects are implemented directly by the Company in a project mode, with regular and systematic assessments and reviews built in to monitor plan progress.

As part of community development programme, the Company is making efforts to transform 26 adopted villages, near its facilities, as per an approved village development plan. Work is being undertaken on five thematic areas of intervention identified within the village, in consultation with the community, including water, sanitation, health, education and creation of common community assets. The Company will soon start work to set up a multi-specialty hospital and an English medium school in Gujarat, for the public at large.

This year, the Company has embarked on two transformational road safety technology projects in the national capital: Traffic Safety Management System (TSMS) and Automated Driving Test Track

(ADTT). As part of TSMS project, traffic surveillance systems including 3D radars, high-resolution cameras are deployed at select high-volume traffic junctions, to deter traffic violations. Under the ADTT project, the Company is building driving test tracks and installing advanced cameras at 12 centers to ensure driving licenses can be issued using video analytics, in a transparent and efficient manner. Both projects are designed and implemented with the intent to create replicable models, and with the vision to encourage a culture of compliance among road users.

As part of its skill development mandate, the Company is expanding its efforts to enhance employability of underprivileged youth by improving the quality of skill training in over 110 Industrial Training Institutes (ITIs). The adopted ITIs are being transformed as per the ITI development plan and would be completed within the defined time line. The development plan includes undertaking relevant initiatives such as upgrade workshops, enhancing industry exposure for trainers and students and imparting soft skills to make students industry-ready. The Company has contributed to the setting up of i-ACE, a state-of-the-art institute for automobile training and research. The Company's flagship skill development institute, Japan India Institute for Manufacturing (JIM), achieved 100% placement for its first batch of students and the initiative is currently being expanded.

Web link: http://www.marutisuzuki.com/our-policies. aspx

2. The composition of the CSR Committee.

The composition of the CSR Committee of the Board is as under.

SN

Name

Designation/Category

CSR Committee

1.

Mr. R. C. Bhargava

Chairman/ Non-Executive

Chairman

2.

Mr. K. Ayukawa

Managing Director & CEO/Executive

Member

3.

Mr. R. P. Singh

Independent Director

Member

3. Average Net Profit of the Company for last three financial years.

Average net profit of the Company for last three financial years (2015-16, 2016-17 and 2017-18) calculated in accordance with the provisions of the Section 198 of Companies Act, 2013 is Rs 76,767 million.

4. Prescribed CSR Expenditure (two percent of the amount as in item No. 3 above)

Two percent of the average net profit for last three financial years is Rs 1,535 million.

5. Details of CSR spent during the financial year:

A. Total amount to be spent for the financial year:

The Company had spent Rs 1,250.8 million in 2017-18. In 2018-19, the Company was able to scale up the CSR spend to Rs 1,540.7 million i.e. over two percent of the average net profit for last three financial years.

B. Amount unspent: Nil

C. Manner in which the amount spent during the financial year is detailed below:

S N.

CSR project / activity identified

Sector in which the project is covered

Projects /Programmes 1. Local area/others-2. Specify the state and district where projects or programs were undertaken

Amount outlay (budget) project/ programs wise

Amount spent on the project /programs Subheads: 1. Direct expenditure on project, 2. Overheads

Cumulative spend up to the reporting period

Amount spent: Direct /through implementing agency

 

Direct

Overhead

 

 

(in Rs million)

(in Rs million)

(in Rs million)

(in Rs million)

 

 

Community Development

 

 

 

 

 

 

 

1.

Water & Sanitation, Rural Development projects:

Sewer lines, water tanks, potable drinking water ATMs, village waste collection and disposal, construction of household toilets.

Water and Sanitation, Rural Development Projects

1. Local 2. Manesar, Gurugram and Rohtak (Haryana), Hansalpur (Gujarat), Bengaluru Rural (Karnataka)

380

372.6

4.1

376.7

Through implementing agency

2.

Education projects:

Upgradation of government school infrastructure and improving learning level of students

Education

Local: Manesar, Gurugram, Rohtak (Haryana), Hansalpur (Gujarat)

40

34.8

0.5

35.3

Through implementing agency

 

Education projects:

Setting up of English medium CBSE school.

Education

Sitapur (Gujarat)

10

7

 

7

Through implementing agency

3.

Health projects:

Running dispensary, Setting up of a multi-specialty hospital.

Health

Local: Hansalpur (Gujarat)

30

26.8

 

26.8

Through implementing agency

 

Skill Development

 

 

 

 

 

 

 

1.

Japan India Institute for Manufacturing (JIM) and ITI Mirzapur:

Upgradation and management of the Institutes

Japan India Institute of Manufacturing (JIM) and ITI Mirzapur

Mehsana (Gujarat), Mirzapur (Uttar Pradesh)

70

65.9

3.2

69.1

Through implementing agency

2.

Upgradation of Govt vocational and technical training institutes:

Upgradation, repair and maintenance of workshops and infrastructure Set up placement centre. Overall development of teachers, students and facilitate industry exposure. Offer industry-oriented add-on courses.

Upgradation of Govt vocational and technical training institutes

Pan India

190

184.6

0.2

184.8

Through implementing agency

3.

Skill enhancement in automobile trade at Industrial Training Institutes (ITI):

Support Upgradation of automobile trade. Upgradation of training facilities and workshops. Train the trainer. Provision of study material and practical training.

Skill enhancement in automobile trade at Industrial Training Institutes (ITI)

Pan India

70

53.8

0.2

54

Through implementing agency

4.

Setting up of the International Automobile Centre of Excellence (iACE):

Settinq up of the institute

Setting up of the International Automobile Centre of Excellence (iACE)

Gandhinagar (Gujarat)

500

500

 

500

Directly

 

Road Safety

 

 

 

 

 

 

 

1.

Use of technology to bring behavioural change among commuters and for reduction in road accidents and compliance to traffic rules:

Traffic Safety Management System (TSMS)

Use of technology to bring behavioural change among commuters and for reduction in road accidents and compliance to traffic rules

Delhi

130

121

 

121

Through implementing agency

2.

Improvement in licensing system:

Setting of Automated Driving Test Tracks (ADTT)

Improvement in licensing system

Delhi

40

36.8

0.2

37

Through implementing agency

3.

Promotion of driving training:

Training professional drivers

Promotion of driving training

Pan India

10

3.4

 

3.4

Through implementing agency

4.

Train the trainer, road safety awareness and decongestion initiatives:

Road safety awareness

Train the trainer, road safety awareness and decongestion initiatives

Pan India

100

94.9

1.9

96.8

Through implementing agency

 

Contribution to the Prime Minister's National Relief Fund

 

 

 

20

 

20

Directly

 

Total (A)

 

 

1,570

1,521.6

10.3

1,531.9

 

 

CSR Administrative Overheads

 

 

 

 

 

 

 

 

Common Administrative Overheads (Salary of staff and expenditure on training and capacity building) (B)

 

 

30

8.8

 

 

 

 

Grand Total (A+B)

 

 

1,600

1,540.7

 

 

 

 

* Overheads primarily include transport costs, stationery, refreshments, telecommunication charges etc.

** Administrative overheads include salary, training and capacity building of CSR staff. These expenditures are undertaken independent of the projects.

6. In case the Company fails to spend the 2% of the Average Net Profit (Rs) of the last 3 financial years, the reasons for not spending the amount shall be stated in the Board report.

Not applicable (The Company has spent over 2% of the Average Net Profits of the last 3 financial years in 2018-19).

7. Responsibility statement, of the CSR Committee, that the implementation and monitoring of CSR Policy, is in compliance with CSR objectives and Policy of the Company duly signed by Director and Chairperson of the CSR Committee.

The Company has implemented and monitored CSR projects in compliance with CSR objectives and policy of the Company.

For and on behalf of the Board of Directors

 

R.C. Bhargava

Kenichi Ayukawa

Chairman

Managing Director & CEO

New Delhi

 

25th April 2019

 

Annexure -D

Information in accordance with Section 134(3)(m) of the Companies Act, 2013 read with Rule 8 of the Companies (Accounts) Rules, 2014 and forming part of the Boards' Report for the year ended 31st March, 2019.

A. Energy Conservation

The Company continued its energy conservation drive with main focus on reducing energy cost and improving efficiency through adoption of new technology and optimisation of processes thereby reducing operational costs. The Company spent Rs 44.76 million as capital investment towards energy conservation equipment which is 2.5 times of the investment done in 2017-18. Capital investment towards energy conservation equipment and energy saving initiatives at its plants helped the Company in reducing energy cost. Some of the activities carried out during the year towards environment, energy and water conservation are mentioned as under:

1. Energy cost reduction:

• Commissioning of grid connected 316kWp photovoltaic PV solar plant at Manesar.

• Increase in usage of low cost grid power through diesel rotary UPS system at Rohtak.

• Modification of power generation scheme for gas turbine no. 3 from (11kV-66kV-11kV) to (11kV-11kV)at Gurugram.

2. Energy conservation:

• Installing energy saving variable frequency drive (VFD) on chiller water circulation pumps, ultrafiltration and reverse osmosis spray pumps and air compressor at Manesar.

• Reduction in electricity and compressed air by optimisation of air shower time at Paint shops and spray points in hemming machines of Weld shops respectively.

• Efficiency improvement of gas turbine by modification of software to modulate inlet guide vane (IGV) during low loads (0 to 8 MW) at Gurugram.

• Cycle drive installation in dough kneader machine at Gurugram.

• Addition of 300kVAr low tension capacitor bank in MPT for improving power factor of grid supply.

• Replacement of raw water tank pumps with energy efficient pumps at Manesar.

• Adoption of non-invasive technology instruments for:

• Capturing operating parameters of motors while running by motor analyzer.

• flow measurement of pumps by ultrasonic flowmeters.

• Infrared mapping for thermal losses by infrared camera.

• Identification of air leakages by ultrasonic leak detectors.

• Awareness and training sessions organised on 'Energy Audits', 'ISO 50001' and 'Energy Conservation Building Code (ECBC)' for sensitising and upgrading the knowledge base of personnel across Gurugram, Manesar and Rohtak.

3. Reliability / process improvement:

• Renewal of precision air conditioners for IT servers at Manesar.

• Upgradation of multiple thermo-mechanical relay of all generators control panels with advanced electronic relay at MPT Casting.

• Elimination of material rejection in heat treatment batch furnaces by providing redundancy in electrical power system.

4. Safety improvement:

• Installation of Earth rite system in high speed diesel (HSD) storage area at Rohtak.

• Upgrading flux compensating magnetic amplifier (FCMA) starters with 40 kA type tested electronic soft starter for centrifugal air compressors (Centac-6) at Manesar.

• Renewal of old pipe rings of hydrant system covering all areas.

• Health assessment of chimney structures of generators at MPT Casting.

• Installation of alarm and pressure monitoring system in natural gas line.

5. Water and environment conservation:

• 74 recharge wells made for rain water harvesting at Gurugram.

• Rain water storage capacity increased by 4699 cubic meter at Gurugram.

• Recycling of used sand from Casting plants at Gurugram and Manesar.

• Reuse of industrial water for cleaning of magnetic rods in Paint shops.

• Automatic water sprinkler system for horticulture area at Gurugram.

B. Research & Development (R&D)

The Company has always made efforts to modernise the Indian auto industry with Suzuki's well known product and technology offerings which not only meet customer requirement but are setting the direction for the Indian automotive industry. The Company's engineering is making efforts to identify the appropriate Suzuki technologies for India, absorb them for Indian conditions and localise with Indian vendors to provide most cost effective solutions for the Indian customers. This year marks a quantum leap with introduction of new products and technologies that are safe, affordable, environment friendly to delight the Indian customer. With the growing customer expectations, the Company has localised and launched products that are fresh in design, high in performance, reliability and are equipped with new technologies and features.

In order to strengthen the leadership position in Indian passenger car market, the Company launched Suzuki's completely new 3rd generation WagonR and 2nd generation Ertiga. Continuing with the success of previous generation models, these products offer next level experience to our customers. Also, the Company has refreshed Ciaz in a new avatar with new and advanced K15 petrol and DDiS 225 diesel engines, Vitara Brezza with auto gear shift (AGS) technology and Baleno with new bolder look. These changes echo the aspirations of today's young customer with a perfect blend of style and class.

Continuing with its commitment to launch environment friendly technologies, this year the Company has showcased Electric Vehicles (EV) prototype for the Indian market and has commenced a nation-wide fleet testing of fifty EV's. These vehicles use the electric vehicle technology developed by Suzuki and has been produced at the Company's Gurugram plant.

Technology:

In an effort to enhance customer experience, the Company introduced many Suzuki technologies in the area of safety, connectivity, comfort, convenience and environment.

Safety:

• Platform: 2nd Gen Ertiga and 3rd Gen WagonR are built on Suzuki's 5th generation HEARTECT platform. The platform increases safety of occupants through effective absorption of impact, dispersion of crash energy and assures stability. The 2nd Gen Ertiga and 3rd Gen WagonR are compliant for frontal offset impact, side impact and pedestrian protection regulations.

Connected technologies:

• Telematics: Advanced telematics solution 'Suzuki Connect' was launched as a genuine accessory. 'Suzuki Connect' aims to enhance user convenience and experience through various advanced technologies for emergency alerts, vehicle tracking, live vehicle status and preventive maintenance calls.

Environment friendly technologies:

• Smart hybrid technology: Suzuki's next generation smart hybrid technology with new lithium ion battery was introduced in refreshed Ciaz. This technology developed by Suzuki, offers longer service life and contributes to improved fuel efficiency. This technology was extended to 2nd Gen Ertiga as well.

• Alternate fuel CNG: To further strengthen green technology footprint in India, the Company launched WagonR S (Smart) CNG which comes with factory fitted CNG. The S-CNG technology ensures high performance with dual electronic control unit (ECU) and intelligent-gas port injection technology. Direct mounted CNG injectors introduced in WagonR contributes in making it the most fuel efficient CNG car.

• New powertrains: The new and revolutionary 1.5 litre K15 petrol engine, designed by Suzuki and developed by the Company was introduced in refreshed Ciaz and 2nd Gen Ertiga. Engine portfolio is further enhanced with the introduction of a new 1.5 litre DDiS 225 diesel engine, designed by Suzuki and developed by the Company, in refreshed Ciaz which provides the best in class fuel efficiency. This engine can be further upgraded to meet the upcoming emission challenges.

Comfort and convenience:

• Infotainment: The next generation SmartPlay Studio Infotainment system has been introduced in the 3rd Gen WagonR and refreshed Baleno, the SmartPlay Studio is a 17.78cm (7) touch screen infotainment system that combines smartphone, vehicle and cloud-based services to offer a delightful driving experience.

• Advanced AGS: Suzuki's revolutionary two-pedal technology, Auto Gear Shift, is now being extended to Vitara Brezza. It's a convenience feature for ease of driving and reducing fatigue. This technology is one such innovation which has been progressively introduced in models line-up and is widely accepted among customers. With introduction in Vitara Brezza, this technology is available in other current models.

Focus on safety and emission regulations:

• Safety: To reduce road fatalities for driver, passengers and pedestrians, the Government of India has introduced safety norms such as Frontal, Side Crash and Pedestrian for Indian market. Majority of the Company's models comply with the upcoming safety regulations, well in advance to the official regulation requirement. The Company proactively introduced safety technologies like anti-lock braking (ABS), seat belt reminder, driver airbag, reverse parking sensor system and vehicle tracking system, etc. to meet AIS 145(safety regulation) and AIS 140(vehicle tracking system) regulation.

• Emissions: Currently the Company's engineering is making all efforts to ensure all the models and powertrain options are upgraded using Suzuki's proven technology to meet BS6 regulation well in time.

With growing mobility in India, there is a need for practical and feasible solutions that have the potential to reduce fuel consumption and India's oil import. Moving in this direction, the Company apart from strengthening its CNG presence with factory fitted CNG models is also looking at technology agnostic approach which includes focus on launching Suzuki's hybrid and electric vehicles in India.

Specific areas in which R&D has been carried out:

The Company's efforts to launch latest Suzuki's developed technologies and features by technology absorption and localisation has helped in enhancing value proposition to our customers in the following areas:

Comfort and convenience:

• 2nd Gen Ertiga and 3rd Gen Wagon R developed on Suzuki's wider HEARTECT platform offered roomier cabin space and improved boot space.

• 2nd Gen Ertiga, 3rd Gen Wagon R and refreshed Ciaz came with improved handling performance. Further, WagonR comes with high mounted gear shift to improve the ergonomics.

• 2nd Gen Ertiga comes with one-touch fold and slide system for easy access to 3rd row, air-cooled cup holders, bottle holders and accessory socket in each row.

• Vitara Brezza now has the option of AGS for enhanced convenience.

Improved aesthetics:

• 3rd Gen WagonR comes with bold exterior design having robust body language with wide stance, muscular side body with flared wheel arches and projector headlamps.

• Refreshed Baleno launched with a sporty and elegant front fascia having wider stance, new grille with dynamic 3D detailing and new precision cut smoked two tone 16 alloy wheels which complements the elegant character of the model.

• To enhance the design of Ignis and give it a strong road presence, new roof rails offered in its Zeta and Alpha variants.

• New styled diamond cut alloy wheel in refreshed Ciaz adds to the premium image of the vehicle.

Safety and noise vibration & harshness (NVH):

• All new models are equipped with safety features such as dual airbags, high speed warning alert, front seat belt with pre-tensioners and force limiters, ABS with electronic brake force distribution (EBD) and brake assist and reverse parking sensors.

• For the first time, the Company introduced electronic stability program (ESP) variant in domestic market. This was introduced in 2nd Gen Ertiga and refreshed Ciaz.

• ISOFIX child seat anchorage was a standard fitment in new Ciaz, Ertiga, Baleno and Vitara Brezza. ISOFIX is an International Organisation for Standardisation standard ISO 13216, which specifies the anchoring system for Group 1 child safety seats.

• All the new models complied with offset, side crash and pedestrian safety norms.

Weight reduction and fuel efficiency improvement:

• The Company has adopted a number of initiatives for weight reduction in various system designs.

• The CNG powered WagonR offering best-in-class mileage of 33.54km/kg and is available in Lxi variant of the 1.0 litre engine.

• Various initiatives taken for improving fuel efficiency were:

• Mechanical loss reduction by using low viscosity transmission fluid.

• Adopting low-friction bearings in new design 5 speed manual transmission to reduce mechanical losses thereby improving fuel efficiency.

• Gear ratio optimisation of 6-speed manual transmission for better fuel efficiency and performance in DDiS 225.

Benefits derived as a result of above R&D initiative:

• Launched the stylish 2nd Gen Ertiga in a completely new avatar. It comes with aspirational exterior design and plush dual tone interiors to enrich the lifestyle of the ever evolving young Indian customers.

• Launched the new 3rd Gen WagonR, new WagonR has a robust body language with a wide stance, which makes it strikingly attractive to the customers.

• Launched refreshed Ciaz which is engineered to offer class-leading comfort, impactful exteriors, elite interiors, unmatched performance along with an array of safety and convenience features. The refreshed Ciaz now comes with new K15 1.5 litre petrol engine and 1.5 litre diesel DDiS 225 engine which offers an optimum balance of enhanced performance with best in class fuel efficiency.

• Introduction of refreshed Baleno with a new bolder look and Vitara Brezza with AGS which will further enhance the brand's appeal.

• Launched Ignis with new safety features and roof rails for a distinct look. This updated version is even more attractive for the premium urban car user.

• Launched WagonR S (Smart) CNG in Lxi variant of 1.0 litre engine.

• The Company saved Rs 275 million by localisation and Rs 2,365 million from implementation of Value Analysis /Value Engineering (VA/VE) concepts.

• Rigorous efforts were also made to localise imported parts including many high technology parts. This has helped in reducing material cost as well as de-risking from foreign exchange fluctuations.

• The Company has also worked closely with its vendor partners to increase the value of the parts i.e. higher function at lower cost.

Technology Absorption, Adaptation and Innovation

1. Efforts in brief made towards technology absorption, adaptation and innovation:

• Product development efforts are further strengthened by analysis of various competitor products across the globe through focused performance and functional benchmarking of vehicle as well as sub-systems.

• Establishing simulation methods to replicate market quality feedbacks and suggest countermeasures for design improvement.

• Special value enhancement idea generation activities jointly carried with vendor partners for reducing cost to provide better value to customers.

• Value engineering ideas to achieve quality, performance and cost targets.

• Focus on capturing passenger comfort for Indian conditions and incorporating the feedback in future models.

• Vehicle body design using high tensile material and new light weight energy efficient structure.

2. Benefits derived as a result of above efforts:

• Attractive, high quality and value for money products.

• New technologies at right cost, time and quality.

• Significant weight reduction in new models relative to existing models without compromising on safety, performance and durability.

• Improved safety for drivers, passengers and pedestrians.

• High local content in new models leading to lower cost.

• Improved fuel efficiency.

3. Technology inducted over last 3 years: Technology Inducted in 2016-17:

• New Suzuki's 5th generation stronger, safer and lighter A-platform introduced in Ignis.

• Android auto extending smartphone connectivity to android users introduced in Ignis.

• 1.0 litre booster direct injection turbo charged engine launched in Baleno RS.

• Light emitting diodes (LED) projector headlamps with LED daytime running lamps introduced in Ignis first in the segment in Indian automotive market.

• AGS extended to WagonR.

Technology Inducted in 2017-18:

• New Dzire and Swift are based on Suzuki's latest 5th generation HEARTECT platform which is lighter, stronger and safer.

• Android auto extended to other models sold through Arena channel.

• Increased penetration of smart hybrid technology with introduction in S-Cross.

• Advance AGS extended to Swift and Dzire for optimum fuel efficiency and ease of driving.

• Twin cylinder CNG system introduced in Super Carry.

Technology Inducted in 2018-19:

• 2nd Gen Ertiga and 3rd Gen WagonR are engineered and built on Suzuki's 5th generation HEARTECT platform. The platform increases safety of occupants through effective absorption of impact and dispersion of crash energy and assures stability.

• Launched an advanced telematics solution called 'Suzuki Connect'.

• Suzuki designed new generation dual battery smart hybrid technology introduced in Ciaz and later extended to Ertiga as well.

• AGS technology extended to Vitara Brezza for optimum fuel efficiency and ease of driving.

• ESP technology introduction in Ciaz and Ertiga.

• New 1.5 litre K15 petrol engine introduced in Ciaz and 2nd Gen Ertiga. Engine portfolio further strengthened with the introduction of a new 1.5 litre DDiS 225 diesel engine in Ciaz.

• New design 6-speed manual transmission with optimised gear ratios introduced for better fuel efficiency and performance in DDiS 225 diesel engine.

• Next generation smartplay studio and smartplay dock infotainment systems have been introduced.

Expenditure incurred on R&D

 

 

(Rs in million)

Particulars

2018-19

 

A Capital Expenditure

4,372

3,570

B Net Revenue Expenditure

2,756

4,746

Total

7,128

8,316

D. Foreign Exchange Earnings and Outgo (Cash Basis)

During the year, total inflows (on cash basis) in foreign exchange were Rs 52,186 million and total outflows (on cash basis) in foreign exchange were Rs 128,027 million.

For and on behalf of the Board of Directors

 

R.C. Bhargava

Kenichi Ayukawa

Chairman

Managing Director & CEO

New Delhi

 

25th April, 2019

 

Annexure -E

Form No. MR - 3

Secretarial Audit Report

For the financial year ended on 31st March

[Pursuant to Section 204(1) of the Companies Act, 2013 and Rule No. 9 of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014]

To,

The Members

Maruti Suzuki India Limited

(CIN: L34103DL1981PLC011375) Plot No.1, Nelson Mandela Road, Vasant Kunj, New Delhi -110070

We have conducted the secretarial audit of the compliance of the applicable statutory provisions and the adherence to good corporate practices by Maruti Suzuki India Limited (hereinafter referred as 'the Company'), having its Registered Office at Plot No.1, Nelson Mandela Road, Vasant Kunj, New Delhi - 110070. Secretarial Audit was conducted in a manner that provided us a reasonable basis for evaluating the corporate conducts/statutory compliances and expressing our opinion thereon.

Based on our verification of the Company's books, papers, minutes books, forms and returns filed and other records maintained by the Company and also the information provided by the Company, its officers, agents and authorised representatives during the conduct of Secretarial Audit, we hereby report that in our opinion, the Company has, during the audit period covering the financial year ended on March 31, 2019, complied with the statutory provisions listed hereunder and also that the Company has proper Board processes and compliance mechanism in place to the extent, in the manner and subject to the reporting made hereinafter:

We have examined the books, papers, minute books, forms and returns filed, and other records maintained by the Company for the financial year ended on March 31, 2019 according to the provisions of:

I. The Companies Act, 2013 ('the Act') and the rules made thereunder;

II. The Securities Contracts (Regulation) Act, 1956 ('SCRA') and the rules made thereunder;

III. The Depositories Act, 1996 and the Regulations and Bye-laws framed thereunder by the Depositories with regard to dematerialisation / rematerialisation of securities and reconciliation of records of dematerialised securities with all securities issued by the Company;

IV. Foreign Exchange Management Act, 1999 and the rules and regulations made thereunder. Further, there was no transaction of Overseas Direct Investment which was required to be reviewed during the period under audit;

V. The following Regulations and Guidelines prescribed under the Securities and Exchange Board of India Act, 1992 ('SEBI Act'):-

(a) The Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 including the provisions with regard to disclosures and maintenance of records required under the said Regulations;

(b) Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015;

(c) The Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018 [Not Applicable as the Company has not issued any further share capital during the period under review];

(d) The Securities and Exchange Board of India (Share Based Employee Benefits) Regulations, 2014 [Not Applicable as the Company has not offered any shares or granted any options pursuant to any employee benefit scheme during the period under review];

(e) The Securities and Exchange Board of India (Issue and Listing of Debt Securities) Regulations, 2008 [Not Applicable as the Company has not issued and listed any debt securities during the financial year under review];

(f) The Securities and Exchange Board of India (Registrars to an Issue and Share Transfer Agents) Regulations, 1993 regarding the Companies Act and dealing with client [Not Applicable as the Company is not registered as Registrar to an Issue and Share Transfer Agent];

(g) The Securities and Exchange Board of India (Delisting of Equity Shares) Regulations, 2009 [Not Applicable as the Company has not delisted/propose to delist its equity shares from any Stock Exchange during the financial year under review];

h) The Securities and Exchange Board of India (Buy Back of Securities) Regulations, 2018 [Not

Applicable as the Company has not bought back/propose to buy-back any of its securities during the financial year under review].

VI. Laws specifically applicable to the industry to which the Company belongs, as identified by the management, that is to say:

1. Motor Vehicles Act, 1988

2. The Central Motor Vehicles Rules, 1989

For the compliances of Environmental Laws, Labour Laws & other General Laws vis-a-vis The Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013, our examination and reporting is based on the documents, records and files as produced and shown to us and the information and explanations as provided to us, by the officers and management of the Company and to the best of our judgment and understanding of the applicability of the different enactments upon the Company, in our opinion there are adequate systems and processes exist in the Company to monitor and ensure compliance with applicable Environmental Laws, Labour Laws & other General Laws.

The compliance by the Company of applicable financial laws, like direct and indirect tax laws, has not been reviewed in this audit since the same have been subject to review by the statutory financial auditor and other designated professionals.

We have also examined compliance with the applicable clauses of the following:

1. Secretarial Standards with respect to Meetings of Board of Directors (SS-1) and General Meetings (SS-2) issued by the Institute of Company Secretaries of India.

2. Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

During the period under review, the Company has generally complied with the provisions of the Act, Rules, Regulations, Guidelines, Standards etc. mentioned above.

We further report that

The Board of Directors of the Company is constituted with proper balance of Executive Directors, Non-Executive Directors, Independent Directors and Woman Director. The changes in the composition of the Board of Directors that took place during the period under review were carried out in compliance with the provisions of the Act.

Adequate notice(s) were given to all Directors to schedule the Board Meetings, agenda and detailed notes on agenda were sent at least seven days in advance to all Directors and a system exists for seeking and obtaining further information and clarifications on the agenda items before the meeting and for meaningful participation at the meeting.

As per the minutes of the meetings of the Board and Committees of the Board signed by the Chairman, all the decisions of the Board were adequately passed and the dissenting members' views, if any, was captured and recorded as part of the minutes.

As per the records, the Company filed all the forms, returns, documents and resolutions as were required to be filed with the Registrar of Companies and other authorities and all the formalities relating to the same are in compliance with the Act.

We further report that on review of the compliance mechanism established by the Company, we are of the opinion that the management has adequate systems and processes in the Company commensurate with the size and operations of the Company to monitor and ensure compliance with applicable laws, rules, regulations and guidelines as the Company has developed comprehensive legal compliance scheduling and management software by which specific compliance tasks were assigned to specified individuals. The software enables in planning and monitoring all compliance activities across the Company.

We further report that during the audit period the Company has following specific events/ actions having a major bearing on the Company's affairs in pursuance of the above referred laws, rules, regulations, guidelines, standards etc. referred to above:-

1. The Board of Directors in its Board Meeting held on 27th July, 2018 accorded consent for incorporation of a joint venture company named Bahucharaji Rail Corporation Limited by subscribing upto 33% of equity share capital.

2. The Board of Directors in its Board Meeting held on 27th March, 2019 accorded consent for incorporation of a Joint Venture Company named Maruti Suzuki Toyotsu India Private Limited by subscribing upto 50% equity share capital.

 

For RMG & Associates

 

Company Secretaries

 

CS Manish Gupta

Place : New Delhi

Partner

Date: 25th April, 2019

FCS : 5123; C.P. No.: 4095

Note: This report is to be read with 'Annexure I' attached herewith and forms an integral part of this report.

Annexure -I

To,

The Members

Maruti Suzuki India Limited

Our Secretarial Audit Report for the financial year ended 31st March, 2019 of even date is to be read along with this letter:

Management's Responsibility

1. It is the responsibility of management of the Company to maintain secretarial records, devise proper systems to ensure compliance with the provisions of all applicable laws and regulations and to ensure that the systems are adequate and operating effectively.

Auditor's Responsibility

2. Our responsibility is to express an opinion on these secretarial records, standards and procedures followed by the Company with respect to secretarial compliances.

3. We believe that audit evidence and information obtained from the Company's management is adequate and appropriate for us to provide a basis for our opinion.

4. Wherever required, we have obtained the management's representation about the compliance of laws, rules and regulations and happening of events etc.

Disclaimer

5. The Secretarial Audit Report is neither an assurance as to future viability of the Company nor of the efficacy or effectiveness with which the management has conducted affairs of the Company.

6. We have not verified the correctness and appropriateness of financial records and Books of Accounts of the Company.

 

For RMG & Associates

 

Company Secretaries

 

CS Manish Gupta

Place : New Delhi

Partner

Date : 25th April, 2019

FCS : 5123; C.P. No.: 4095

Addendum to the Board's Report Directors

Pursuant to the withdrawal of nomination by Suzuki Motor Corporation, Mr. Kazunari Yamaguchi, Mr. Toshiaki Hasuike and Mr. Kazuhiko Ayabe tendered their resignations from the Board with effect from the close of business hours of 26th July, 2019. Therefore, Mr. Toshihiro Suzuki and Mr. Kinji Saito (instead of Mr. Kazuhiko Ayabe) shall retire by rotation in the ensuing Annual General Meeting of the Company. Mr. Takahiko Hashimoto was appointed as a Whole-time Director designated as Director (Marketing & Sales) with effect from 27th July, 2019. Mr. Hisashi Takeuchi and Mr. Hiroshi Sakamoto were appointed as Non-Executive Directors with effect from 27th July, 2019. The Board has also recommended the re-appointment of Mr. D.S. Brar and Mr. R.P Singh as Independent Directors and the appointment of Ms. Lira Goswami as an Independent Director for a period of five years from 28th August, 2019 till 27th August, 2024 for the approval of the shareholders in the Annual General Meeting.

For and on behalf of the Board of Directors
R.C. Bhargava Kenichi Ayukawa
Chairman Managing Director & CEO
New Delhi 26th July, 2019

Dividend Distribution Policy

The Company has already laid down the Dividend Distribution Guidelines ('Dividend Guidelines') which were approved by the Board of Directors of the Company ('Board') on 30th October, 2014. The Securities and Exchange Board of India has amended the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 ('Listing Regulations') under which the Company is required to formulate a dividend distribution policy.

Pursuant to the aforesaid change in the Listing

Regulations, the Board has approved this Dividend

Distribution Policy ('Policy') of the Company on 23rd March, 2017.

The Company shall declare and pay dividend in accordance with the provisions of the Companies Act, 2013, rules made thereunder and Listing Regulations as amended from time to time.

Following points shall be considered while declaring dividend:

• Consistency with the Dividend Guidelines as laid out by the Board

• Sustainability of dividend payout ratio in future

• Dividend payout ratio of previous years

• Macroeconomic factors and business conditions

Retained earnings are intended to be utilised for:

• Investments for future growth of the business

• Dealing with any possible downturns in the business

• Strategic investment in new business opportunities

The Company currently has only one class of shares i.e. equity shares. As and when it proposes to issue any other class of shares, the policy shall be modified accordingly.

Dividend guidelines

Background: Many shareholders have opined that the Company should provide a dividend policy in the interest of providing greater transparency to the shareholders.

The Board, at the time of approving the annual accounts in each year, also decides the dividend to be paid to the shareholders depending on the context of business in that year. A policy stated by the current Board cannot be binding on future Board. However, the current Board can form a guideline on dividend payout in future in the interest of providing transparency to shareholders.

Board approval

The Board accordingly approved the following guidelines for dividend payment:

The Company would endeavour to keep the Dividend payout ratio, except for reasons to be recorded, within the range of 18% to 40%. The actual dividend for each year would be decided by the Board taking into account the availability of cash, the profit level that year and the requirements of capital investments. 

Director’s Report