197 MAHINDRA & MAHINDRA LTD. INTEGRATED ANNUAL REPORT 2019-20 10. Registrar and Transfer Agents KFin Technologies Private Limited (formerly known as Karvy Fintech Private Limited) Unit: Mahindra & Mahindra Limited Selenium, Tower B, Plot No. 31-32, Gachibowli, Financial District, Nanakramguda, Hyderabad. Telangana -500032, India. Tel. No. : +91 40 6716 2222 Fax : +91 40 2342 0814 Email :
[email protected] Website : www.kfintech.com Toll Free No. : 1800 3454 001 The name of the Registrar and Transfer Agents of the Company has been changed from Karvy Fintech Private Limited to KFin Technologies Private Limited (KFintech) with effect from 5 th December, 2019. Accordingly, KFin Technologies Private Limited acts as the Share Transfer Agents of the Company. 11. Share Transfer System Trading in Ordinary (Equity) Shares of the Company through recognised Stock Exchanges is permitted only in dematerialised form. The Stakeholders Relationship Committee meets as and when required to, inter alia, consider the transfer proposals, issue of duplicate share certificates and attend to Shareholders’ grievances, etc. Pursuant to Regulation 40 of Listing Regulations requests for effecting transfer of securities had not been processed unless the securities are held in the dematerialised form with the depository with effect from 1 st April, 2019. However, this restriction shall not be applicable to the request received for effecting transmission or transposition of physical shares. The Shareholders holding shares in physical form are requested to get their shares dematerialised at the earliest to avoid any inconvenience in future while transferring the shares. Shareholders are accordingly requested to get in touch with any Depository Participant having registration with SEBI to open a Demat account or alternatively, contact the nearest branch of KFintech to seek guidance in the demat procedure. The Shareholders may also visit web site of depositories viz. National Securities Depository Limited viz. https://nsdl.co.in/faqs/faq.php or Central Depository Services (India) Limited viz. https://www.cdslindia.com/Investors/FAQs.html for further understanding of the demat procedure. 12. Distribution of Shareholding as on 31 st March, 2020 Number of Shares held Number of Shareholders* Number of Shares held % of Shareholding 1 to 1,000 4,17,385 3,78,96,360 3.05 1,001 to 2,000 8,268 1,22,10,724 0.98 2,001 to 10,000 7,638 3,20,14,993 2.58 10,001 to 20,000 976 1,37,36,832 1.10 20,001 and above 1,429 1,14,73,33,635 92.29 Total 4,35,696 1,24,31,92,544 100.00 * Without consolidating the folios on the basis of PAN 13. Dematerialisation of Shares and Liquidity 99.55% of the paid-up Ordinary (Equity) Share Capital of your Company is held in a dematerialised form with National Securities Depository Limited and Central Depository Services (India) Limited as on 31 st March, 2020. The market lot of the Share of your Company is one Share, as the trading in the Equity Share of your Company is permitted only in dematerialised form. The Non-Promoters’ holding as on 31 st March, 2020 is around 81.10% and the stock is highly liquid. 14. Outstanding GDRs / ADRs / Warrants or any Convertible Instruments, Conversion date and likely impact on Equity 6,21,89,746 GDRs were outstanding as on 31 st March, 2020. Since the underlying Ordinary (Equity) Shares represented by GDRs have been allotted in full, the outstanding GDRs have no impact on the Equity of the Company. There are no other convertible instruments outstanding as on 31 st March, 2020. 15. Commodity price risk or Foreign Exchange Risk & hedging activities The Financial Year 2019-20 witnessed a sharp fall in prices in most of the commodities, including but not limited to castings, forgings and sheet metal. Your Company has been able to leverage the same and get a reduction in its material cost. Your Company continues to watch the market situation closely and continues to focus on mitigating commodity price volatility through “Commodity Risk Management” and other cost reduction measures. Hedging of currencies and commodities are being governed in accordance with the Foreign Exchange Risk Management Policy and Commodity Risk Management Policy, approved by the Board of Directors of your Company.