Shareholders Information

 
1. Transfer of equity shares to investor education and protection fund as per authority (accounting, audit, transfer and refund) rules, 2016 : This is to inform you that pursuant to Investor Education and Protection Fund Authority (Accounting, Audit, Transfer and Refund) Rules, 2016 as amended by Ministry of Corporate Affairs on 28th February, 2017 read with Section 124(6) of Companies Act, 2013, all shares in respect of which dividend has not been paid or claimed for seven consecutive years or more shall be transferred by the Company in the name of Investor Education and Protection Fund.
From the perusal of Company’s unpaid dividend record, it has been observed that dividend in respect of shareholders (as list uploaded) for the seven consecutive years starting from the year 2008-09 onwards remains unclaimed.
Accordingly, shareholders are requested to check up at their end and claim the dividend by submitting the Letter of Indemnity duly executed and signed on a stamp paper of Rs. 25/- or original dividend warrant to the Company. On receipt of the same, Company shall make arrangement for the issue of demand draft in lieu of original dividend warrant.
The Company has already sent letters alongwith Letter of Indemnity to the said shareholders at their registered address.
Kindly treat the matter as MOST URGENT and take immediate action in this regard latest by 15th May, 2017 otherwise, the Company is under obligation to transfer the Equity Shares held by you in the Company to Investor Education and Protection Fund on 31st May, 2017 as per Investor Education and Protection Fund Authority (Accounting, Audit, Transfer and Refund) Rules, 2016.
In case you have any query, you may contact the Compliance Officer at 0161-5066255 or write an email at: secnsm@owmnahar.com.”
List of Shareholders
   
2. Green Initiative :- The Ministry of Corporate Affairs vide Circular No. 17/2011 dated 21.04.2011 and Circular No. 18/2011 dated 29.04.2011 has taken a “Green Initiative in the Corporate Governance” by allowing paperless compliances by the companies. The Companies can now send various notices and documents, including Annual Report, to its shareholders via electronic mode to the registered e- mail addresses of shareholders. To support this green initiative of the Government in full measure, shareholders are requested to register/update their latest e-mail addresses with their Depository Participant (D.P.) with whom they are having Demat A/c. or send the same to the Company via e-mail at:-

secnsm@owmahar.com
gredressalnsml@owmnahar.com


3. Annual General Meeting: September, 30, 2016
  Date, Day, Time, and Venue: Friday at 11.30 AM
Premises of Nahar Industrial Enterprise Limited, Focal Point, Ludhiana.
3(a) 36th AGM Voting Results: Result of E-voting/poll held at the 36th Annual General Meeting of the Company.
   
4. Financial Calendar: The Financial Year of the company covers 1st April to 31st March.
   
5. Book Closure: : 10th September, 2016 to 22nd September, 2016 (both days inclusive). Published Notice
   
6. Dividend Payment:
 
A) Payment Date: 
  a) ECS Payment: Dividend amount shall be credited to shareholder's account through ECS on or before 15th October, 2016.

b) Physical Warrant: The Physical Dividend Warrants shall be Despatched to the shareholders.
 
B) Mode of payment of dividend:
  The Company Provide the facility of paying dividend through Electronic Clearing System (ECS). The members desirous of availing the Facility of electronic credit of dividend are requested to ensure that their correct bank details along with 9 digit MICR code  of their bank, is noted in the records of the Depository participant (DP), Member Who hold shares in Physical from, Should contact the R&T agent or the Company in this regard.
In order to prevent fraudulent encashment of dividend warrants, member are requested to provide their correct bank account details, to their DP in case of electronic holding, and R&T Agent or the company in case of physical holding.
 
C) Unclaimed/Unpaid Dividend:
  All Unclaimed/Unpaid Dividend up to The financial year ended March,31,2008 have been transferred to the investor Education and Protection Fund of the Central Government pursuant to Section 205 C of the companies Act,1956.
Further the dividend for the financial year ended 31st March, 2009 will be transferred to the said fund in November, 2016, all the members. Who have not encased their dividend warrants for the aforesaid year may approach the company for obtaining duplicate dividend warrants/revalidation of dividend warrants.
   
D) Dividend:
  The dividend on equity shares as recommended by the board of directors, if approved at the Annual General Meeting will be paid to the members, whose names appear in Register of Members as on 9th September, 2016 or Register of beneficial owners, maintained by the Depositories at the close of 9th September, 2016.
 
E) E-Voting period:
  The company has executed Triparti Agreement with Central Depository Services (India) Limited, M/s. Alankit Assignments Limited and the company for the purpose E-Voting. All the shareholders holding shares on the cut off date i.e. 23rd September, 2016 are eligible to exercise their right of E-Voting. The E-voting shall commence on 27.09.2016 at 9.00 A.M. Onwards and shall end on 29.09.2016 at 5.00P.M. Mr. P.S. Bathla, a practicing Company Secretary has been appointed as Scrutinizer for the purpose of E-voting.
 
F) Payment of Dividend(2015-2016):
  Dividend @30% i.e. Re.1.50/- per equity share for the financial year 2015-2016 has been credited to the account of eligible shareholders on 10.10.2016 through ECS/RTGS. The physical dividend warrants have also been despatched to the shareholders.
 
G) Change of address:
  Member may kindly note that the R&T Agent and /or the Company will not entertain request for noting of change of address/bank details/ECS in case Mandate in case of account with demat holding for this purpose, the shareholders should approach their Depository Participant.
   
7. Listing on Stock Exchanging:
  The National Stock Exch. Of India Ltd. and The Bombay Stock Exchange ltd. Mumbai
   
8. Board Meeting Information
  The Board met on Monday the 30th day of May., 2016 to consider and approve Financial Results for the year ended on 31st March, 2016.
   
9. Stock Code:
 
For trading at NSE NAHARSPING
For trading at BSE 500296
For dematerialization INE290A01027
   
10. Registrar and Transfer Agent:
 
M/s. Alankit Assignments Limited
Alankit House, 2E/21,
Jhandewalan Extension,
New Delhi – 110055
Phone: 011-23541234
E-mail: rta@alankit.com
   
11. Shareholder Contact:
 
In case of any query, contact below:
Mr. Brij Sharma
Company Secretary & Compliance Officer
Nahar Spinning Mills Limited
373, Industrial Area- A,
Ludhiana – 141003
Punjab
Phone: 0161-2665000
Fax: 0161-2661180
E-mail: secnsm@owmnahar.com
   
12. Dedicated E-mail for investor Grievance :
 
For investor Grievance gredressalnsml@owmnahar.com
   
13. Credit Rating Information by Crisil
 
CRISIL vide their letter NO. NAHSPIN/150082/BLR/021601563 Dated 22.03.2016 has given CREDIT RATING to the company’s total bank loan facilities of Rs.15.084 Billion as per detail herein below:
 
Long Term Rating CRISIL 'A'/Stable (Reaffirmed)
Short Term Rating CRISIL 'A1' (Reaffirmed)
   
14. Policy for determining material subsidiaries
Not applicable as the Company is not having any subsidiary Company.