Annual Report FY 2009-10 - Welspun

th15 Annual Report 2009-10Debenture Trustee:IDBI Trusteeship Services Ltd.,Asian Building, Ground floor,17, R. Kamani Marg, Ballard Estate,Near Custom House, Mumbai-400 02310. Share / Debenture Transfer System: Our Registrar and Transfer Agent registers shares sent for transfer in physical form within15 days from the receipt of the documents, if the same are found in order. Shares under objection are returned within twoweeks.11. Distribution of Shareholding:Shareholding Pattern as on 31st March, 2010Number of SharesNo. of shareholdersPercentage ofShareholdersNo. of SharesUpto – 50068,514 92.44 6,801,513501-1,0002,896 3.91 2,260,4101,001-2,0001,201 1.62 1,815,0672,001-3,000448 0.60 1,144,2443,001-4,000222 0.30 793,7514,001-5,000155 0.01 733,3665,001-10,000250 0.34 1,847,77710,001 and above433 0.58 188,926,282Total 74,119 100.00 204,322,410Percentage ofShares held3.331.110.890.560.390.360.9092.47100.0012. Shareholding of the Directors of the Company as on 31st March, 2010Name of the Director No of shares %Mr. B.K.Goenka140 0.00Mr. R.R.Mandawewala140 0.00Mr. Asim Chakraborty50,700 0.02Besides above, the following directors of the Company have been granted Stock Options pursuant to Employees Stock OptionScheme entitling to subscribe for equity shares in the Company:Name of the DirectorMr. Braja K. Mishra (net of Options exercised)Mr. M.L.MittalMr. Asim Chakraborty* Lapsed due to resignation.No of Options195,000 *150,000 #50,000 ## Entire Options exercised during financial year 2009-10.Apart from the above, none of the directors hold any share or convertible securities in the Company.13. De-materialization of shares and liquidity: As on 31st March 2010, 92.95% shares have been dematerialized and havereasonable liquidity on Bombay Stock Exchange Ltd. and National Stock Exchange of India Ltd.14. Outstanding Employee Stock Options, Convertible Bonds conversion date and likely impact on equity share capital is asunder:Outstanding as on 31.03.2010897,000 Options vested but not exercised representingequal number of equity shares to be exercised during08.01.2008 – 08.01.201047,500 Options not vested and not exercised representingequal number of equity shares to be exercised during20.04.2010 – 20.04.20121,500 Foreign Currency Convertible Bonds of US$100,000each convertible in to 24,010,000 equity shares during27.11.2009 -17.10.2014Impact on equity share capitalIncrease in equity capital by 897,000 equity shares ofRs.5/-each at a premium of Rs. 75.00 per shareIncrease in equity capital by 47,500 equity shares ofRs.5/-each at a premium of Rs. 61.75 per shareIncrease in equity capital by 24,010,000 equity sharesof Rs.5/-each at a premium of Rs. 295 per share15. Disclosure of Shares held in suspense account under Clause 5A of the Listing Agreement.Disclosure under Clause 5A of the Listing Agreement is not applicable as none of the shares of the Company are lying undersuspense account.24