Shareholders Information

 

IMPORTANT NOTICE FOR PROVIDING OF EMAIL ID AND BANK PARTICULAR

In our endeavour to serve you faster and bearing in mind Green Initiative, Shareholders are requested to register their email id either with their Depository Participant (in case of Demat Shareholding) or with the Company (in case of Physical Shareholding). This will enable the Company to send the Annual Report for the year 2020-21 electronically.

Further, Shareholders holding shares in physical form are requested to dematerialize their holdings. The Shareholder who have not updated their bank account details are requested to update the same with the Depository Participant (DP) / Company or RTA as the case may be.

   
1. Registration of PAN and Bank Account Details:
The Securities and Exchange Board of India (SEBI) vide it’s Circular No. SEBI/HO/MIRSD/DOP1/CIR/P/2018/73 dated April 20, 2018 has made it mandatory for shareholders to register their Permanent Account Number (PAN) and Bank Account details with the Company for payment of dividend. Accordingly, Shareholders are requested to send to our Registrar and Transfer Agent M/s. Alankit Assignments Ltd., Alankit House, 4E/2, Jhandewalan Extension, New Delhi-110055 / Company at its Registered Office, self attested copy of their PAN Card and original cancelled cheque leaf /attested bank passbook showing name of account holder in order to register your PAN No. and Bank Account particulars with the Company. In this regard, the Company has already sent letters to all the shareholders holding shares in physical form.
   
2. No physical transfer of shares:
The SEBI vide it’s Circular dated June 08, 2018 amended the Regulation 40 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and mandated that transfer of securities would be carried out in dematerialized form only w.e.f December 5, 2018. Subsequently, SEBI on the representation received from the shareholders extended the deadline and thus no equity shares of the Company will be transferred w.e.f. 1st April, 2019 except in case of transmission or transposition. Hence, shareholders whose shares are still in physical form are requested to go in for dematerialization of their physical holding at the earliest.
   
3. Procedure for issuance of duplicate share certificate :
The procedure for issue of duplicate share-certificates in lieu of lost/misplaced share-certificates is as stated below:

1. Indemnity bond duly executed on stamp paper worth Rs. 100/- (Indemnity Bond Format).
2. Demand Draft of Rs. 700/- each in favour of NAHAR SPINNING MILLS LTD. payable at Ludhiana, for the purpose of publication of Notice in Newspaper.
3. A copy of the DDR/FIR lodged with the Police Station regarding loss of subject shares with full details i.e. Folio No., Distinctive No., Share certificate No. and No. of Shares.
4. Self-attested copy of PAN Card issued by the Income Tax Authorities to you.
Indemnity Format
   
4. 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


5. Annual General Meeting: September 29, 2021
  Date, Day, Time, and Mode: Wednesday at 10.00 AM
Through Video Conferencing / Other Audio Visual Means (VC/OAVM)
Voting Results of 41st Annual General Meeting dated 29th September, 2021
The voting results of the AGM will be uploaded within 48 hours from the conclusion of Annual General Meeting.
   
6. Financial Calendar: The Financial Year of the company covers 1st April to 31st March.
   
7. Book Closure: 18th September, 2021 to 21st September, 2021 (both days inclusive).
Published Notice :
English
                            Punjabi
   
8. Dividend Payment:
 
A) 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 17th September, 2021 or Register of Beneficial Owners maintained with the Depositories as at the close of 17th September, 2021.
 
B) ECS Payment:
  Dividend amount will be credited to shareholder's account through ECS on or before 10th October, 2021.
 
C) Physical Warrants:
  The Physical Dividend Warrants will be despatched to the shareholders before 10th October, 2021.
 
D) Unclaimed/Unpaid Dividend:
  The Unclaimed/Unpaid Dividend for the year 2013-14 is due for transfer to the Investor Education and Protection Fund of the Central Government by 4th day of November, 2021 pursuant to section 124 of the Companies Act, 2013. The Company has already sent emails / notices to the Shareholders in the month of June, 2021 intimating them that in case the subject Dividend Warrant is unclaimed/lost/misplaced/destroyed then the Shareholder can claim the same by submitting the required documents as mentioned in the said notice. Performa for claiming duplicate Dividend Warrant. Indemnity Bond is enclosed herewith.
 
E) 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.
 
F) Listing on Stock Exchanging:
  The National Stock Exchange of India Ltd. and The BSE Ltd. Mumbai
   
9. E-Voting period:
  A) Remote E-Voting: The company has executed Tri-party 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. 22nd September, 2021 are eligible to exercise their right of E-Voting. The Remote E-voting shall commence on 26.09.2021 at 9.00 A.M. Onwards and shall close on 28.09.2021 at 5.00 P.M. The Remote E-voting module shall be disabled by CDSL for voting thereafter. Mr. P.S. Bathla, a practicing Company Secretary has been appointed as Scrutinizer for the purpose of E-voting.
  B) Voting at AGM : The procedure for E-voting on the day of AGM i.e. 29th September, 2021 is same as Remote E-voting. Only those shareholders, who are present in the AGM through VC/OAVM facility and have not casted their vote on the Resolutions through Remote E-voting and are otherwise not barred from doing so, shall be eligible to vote through E-voting system available during AGM.
   
10. Board Meeting Information
  During the financial year 2020-21, the Board met four times i.e. on 26th June, 2020, 12th August, 2020, 10th November, 2020 and 3rd February, 2021.
   
11. Stock Code:
 
For trading at NSE NAHARSPING
For trading at BSE 500296
For dematerialization INE290A01027
   
12. Registrar and Transfer Agent:
 
M/s. Alankit Assignments Limited
Alankit House, 4E/2,
Jhandewalan Extension,
New Delhi – 110055
Phone: 011-23541234
E-mail: rta@alankit.com
   
13. 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: 0161-5205700
Fax: 0161-2222942
E-mail: secnsm@owmnahar.com
   
14. Dedicated E-mail for investor Grievance :
 
For investor Grievance gredressalnsml@owmnahar.com
   
15. Credit Rating Information by CRISIL
 
CRISIL vide its letter RL/NAHSPIN/276336/BLR/0921/18115 dated September 24, 2021 has intimated that the Company’s rating outlook on the long term bank facilities has been upgraded to ‘CRISIL A/Stable’ from ‘CRISIL A-/Stable’’ and on the short-term bank facility to 'CRISIL A1' from 'CRISIL A2+'.
 
   
16. Policy for determining material subsidiaries
Not applicable as the Company is not having any subsidiary Company.
   
17. Impact of COVID-19 pandemic on Company's Operations