199 MAHINDRA & MAHINDRA LTD. INTEGRATED ANNUAL REPORT 2019-20 18. Address for correspondence with Debenture Trustee Axis Trustee Services Limited The Ruby, 2 nd Floor, SW, 29 Senapati Bapat Marg, Dadar West, Mumbai – 400 028. Tel. No. : +91 22 6230 0451 Fax No. : +91 22 6230 0700 E-mail :
[email protected];
[email protected]. 19. Disclosures with respect to Demat Suspense Account/Unclaimed Suspense Account In terms of Regulation 39 of the Listing Regulations, the Company reports the following details in respect of equity shares lying in the suspense account: Particulars Number of Shareholders Number of Equity Shares Aggregate Number of Shareholders and the outstanding shares in the Suspense Account lying as on 1 st April, 2019 2,535 5,95,104 Less: Number of Shareholders who approached the Company for transfer of shares from suspense account (which number is same as the shares transferred from suspense account during the year) 42 17,190 Aggregate number of Shareholders and the outstanding shares in the suspense account lying as on 31 st March, 2020 2,493 5,77,914 The voting rights on the shares in the suspense account shall remain frozen till the rightful owners claim the shares. 20. Management Discussion and Analysis Report Management Discussion and Analysis Report forms part of this Annual Report. 21. Details of non-compliance, etc. Your Company has compliedwith all the requirements of regulatory authorities. During the last three years, there were no instances of non-compliance by the Company and no penalty or strictures were imposed on the Company by the Stock Exchanges or SEBI or any statutory authority, on any matter related to the capital markets. The Company has also complied with the requirements of Corporate Governance Report of Paras (2) to (10) mentioned in Part ‘C’ of Schedule V of the Listing Regulations and disclosed necessary information as specified in Regulation 17 to 27 and Regulation 46(2) (b) to (i) of the Listing Regulations in the respective places in this Report. 22. Unclaimed Dividend and shares transferred to Investor Education and Protection Fund (“IEPF”) In accordance with the provisions of sections 124 and 125 of the Act and Investor Education and Protection Fund (Accounting, Audit, Transfer and Refund) Rules, 2016 (“IEPF Rules”) dividends which remain unpaid or unclaimed for a period of seven years from the date of transfer to the Unpaid Dividend Account shall be transferred by the company to the Investor Education and Protection Fund (“IEPF”). The IEPF Rules mandate companies to transfer all shares in respect of which dividend has not been paid or claimed for seven consecutive years or more in the name of IEPF. The Members whose dividend/ shares are transferred to the IEPF Authority can claim their shares/dividend from the IEPF Authority following the procedure prescribed in the Rules. In accordance with the said IEPF Rules and its amendments, the Company had sent notices to all the Shareholders whose shares were due for transfer to the IEPF Authority and simultaneously published newspaper advertisement. Further, pursuant to SEBI circular No. SEBI/HO/MIRSD/ DOP1/CIR/P/2018/73 dated 20 th April, 2018 (‘Circular’), the dividend processing bank needs to ensure that any dividend instrument (such as Demand Drafts / Warrants, etc.) lying unpaid beyond the validity period of the instrument shall be cancelled and the unpaid dividend amount is credited back to the relevant dividend bank account of the issuer company. In pursuance to the above, the dividend processing Bank has reversed the demand drafts pertaining to the dividend for the Financial Years 2010-11 and 2011-12, lying un-encashed beyond the validity period of the demand drafts. The Company has transferred such unclaimed dividend amount to IEPF on 19 th March, 2020. The details of Dividend remitted to IEPF during the year: Financial Year Dividend declared on Amount transferred to IEPF (in Rs.) Date of transfer to IEPF 2011-12 8 th August, 2012 2,26,65,400.00 19 th September, 2019 2010-11 8 th August, 2011 4,738.00 19 th March, 2020 (Reversal of un- encashed demand drafts as mentioned above) 2011-12 8 th August, 2012 2,12,613.00 2018-19* 7 th August, 2019 1,92,18,262.00 8 th August, 2019 * Dividend on shares which are transferred to IEPF.