Annual Report 2011 - 2012 - United Breweries Limited

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Report on Corporate Governance (contd.) Market price data of the Company’s Equity Shares traded on the National Stock Exchange of India Limited, (NSE) during the period April 2011 to March 2012 Month High (Rs.) Low (Rs.) Close (Rs.) Close NSE NSE NSE NSE April 2011 500.00 446.60 463.30 5749.50 May 2011 604.00 461.15 561.55 5560.15 June 2011 614.00 489.95 530.20 5647.40 July 2011 543.00 466.00 501.90 5482.00 August 2011 512.40 405.00 422.95 5001.00 September 2011 452.00 370.10 374.50 4943.25 October 2011 442.90 352.25 416.50 5326.60 November 2011 421.95 361.55 395.85 4832.05 December 2011 502.80 372.60 383.90 4624.30 January 2012 507.00 381.10 409.70 5199.25 February 2012 484.85 410.50 458.50 5385.20 March 2012 648.95 448.00 539.20 5295.55 (Market Price data source: www.nseindia.com) Graphical representation of the Company’s Shares in comparison to broad-based indices i.e., NSE NIFTY, is given below Comparison - UBL Stock Price Vs. NSE Nifty NSE NIFTY 7000 6500 6000 5500 5000 4500 561.55 463.3 5749.5 5560.15 530.2 5647.4 501.9 5482 422.95 374.5 5001 4943.25 416.5 5326.6 539.2 458.5 409.7 395.85 383.9 5385.2 5199.25 5295.55 4832.05 4624.3 600 500 400 300 200 UBL Closing Price (Rs.) Equity Shares of Re.1 4000 Apr-11 May-11 Jun-11 Jul-11 Aug-11 Sep-11 Oct-11 Nov-11 Dec-11 Jan-12 Feb-12 Mar-12 Months (2011-2012) Nifty UBL stock price 100 SHARE TRANSFER SYSTEM 24 All matters pertaining to Share Transfer are being handled by Integrated Enterprises (India) Limited (Formerly known as Alpha Systems Private Limited), the Registrar and Share Transfer Agent of the Company. The Share Transfer requests
Report on Corporate Governance (contd.) received are processed by them and a Memorandum of Transfer is sent to the Company for approval by the Committee. Time taken for processing Share Transfer requests including dispatch of Share Certificates is 15 days, while it takes a minimum of 10-12 days for processing dematerialization requests. The Company regularly monitors and supervises the functioning of the system so as to ensure that there are no delays or lapses in the system. The Company was offering the facility of transfer - cum - demat as per SEBI Guidelines. However, SEBI has vide its Circular No. SEBI/MRD/Cir-10/2004 dated February 10, 2004, withdrawn transfer-cum-demat scheme. In line with the above, on receipt of transfer requests the Company has discontinued issuing of option letters to the shareholders. The distribution of shareholding as on March 31, 2012 is furnished below: Category (Rs.) No. of Shareholders % (Percentage) No. of Shares held % (Percentage) Up to 5000 43587 99.20 9893342 3.74 5001 – 10000 146 0.33 1096796 0.41 10001 – 20000 74 0.17 1054554 0.40 20001 – 30000 29 0.07 719591 0.27 30001 – 40000 12 0.03 414856 0.16 40001 – 50000 8 0.02 367200 0.14 50001 – 100000 16 0.04 1106255 0.42 100001 and Above 67 0.15 249752555 94.46 TOTAL 43939 100.00 264405149 100.00 During the year 9,860,211 Equity Shares of Re.1 each were allotted upon amalgamation of UB Nizam Breweries Private Limited, Chennai Breweries Private Limited, Millennium Beer Industries Limited and UB Ajanta Breweries Private Limited. Shareholding Pattern as on March 31, 2012 Promoters Indian Foreign Category No. of Shares held Percentage of Shareholding 106,984,230 90,850,440 40.46 34.36 Sub-Total 197,834,670 74.82 Foreign Institutional Investors (FIIs) 46,236,644 17.49 Individuals 12,127,123 4.59 Others Mutual Funds Banks / Financial Institutions Central/State Governments Insurance Companies Bodies Corporate Trust NRI Clearing Members Overseas Corporate Bodies 178,525 28,380 660 1,702,757 5,263,840 248,761 651,722 127,387 4,680 0.07 0.01 0.00 0.64 1.99 0.09 0.25 0.05 0.00 Sub-Total 8,206,712 3.10 Total 264,405,149 100.00 25
Page 2: CONTENTS Report of the Directors 1
Page 6 and 7: Chairman’s Statement (contd.) whi
Page 8 and 9: March 31, 2012 stood at Rs.1,005.1
Page 10 and 11: Half Marathon and Bangalore World 1
Page 12 and 13: Your Company is implementing severa
Page 14 and 15: Report of the Directors (contd.) CO
Page 16 and 17: Report of the Directors (contd.) CA
Page 18 and 19: Annexure to Directors’ Report (co
Page 20 and 21: Report on Corporate Governance (con
Page 24 and 25: • To appoint/remove Registrar and
Page 34 and 35: f) Training of Board Members: Havin
Page 36 and 37: Annexure to Auditor’s Report 30 R
Page 38 and 39: Referred to in paragraph 9 (b) of t
Page 40 and 41: Balance Sheet as at March 31, 2012
Page 42 and 43: Cash Flow Statement for the year en
Page 44 and 45: 38 Notes to Financial Statements (A
Page 46 and 47: Notes to Financial Statements (cont
Page 48 and 49: Preference Shares Notes to Financia
Page 50 and 51: 6. LONG-TERM BORROWINGS Notes to Fi
Page 52 and 53: 7. DEFERRED TAX LIABILITIES (NET) N
Page 56 and 57: As at March 31, 2012 Notes to Finan
Page 66 and 67: c) Accounting for Amalgamation: The
Page 70 and 71: (4) Transaction with Heineken Brouw
Page 72 and 73: STATEMENT PURSUANT TO SECTION 212(1
Page 74 and 75: Consolidated Balance Sheet as at Ma
Page 76 and 77: Consolidated Cash Flow Statement fo
Page 78 and 79: Notes to Consolidated Financial Sta
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Notes to Consolidated Financial Sta
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Preference shares Notes to the Cons
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6. LONG-TERM BORROWINGS Notes to th
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8. PROVISIONS Notes to the Consolid
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Notes to the Consolidated Financial
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- All asset and liabilities of the
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45. DERIVATIVE INSTRUMENTS Particul
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102 Notes:
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