annual-report-FY2021

190 COMPANY OVERVIEW BOARD’S REPORT MANAGEMENT DISCUSSION AND ANALYSIS CORPORATE GOVERNANCE BUSINESS RESPONSIBILITY REPORT STANDALONE ACCOUNTS CONSOLIDATED ACCOUNTS 20. 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, 2020 2,493 5,77,914 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) 7 4,888 Aggregate number of Shareholders and the outstanding shares in the suspense account lying as on 31 st March, 2021 2,486 5,73,026 The voting rights on the shares in the suspense account shall remain frozen till the rightful owners claim the shares. 21. Management Discussion and Analysis Report Management Discussion and Analysis Report forms part of this Annual Report. 22. 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. 23. 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. 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 2012-13 13 th August, 2013 2,24,75,830.00 25 th September, 2020 2019-20* 7 th August, 2020 49,07,998.95 10 th August, 2020 * Dividend on shares which are transferred to IEPF. Shares transferred/ credited to IEPF During the year 2020-21, the Company transferred 60,436 Ordinary (Equity) Shares to IEPF Authority corresponding to unclaimed dividend for the year 2012-13. The IEPF Authority holds 23,39,941 Ordinary (Equity) Shares in the Company as on 31 st March, 2021.