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32nd Annual Report 2019-2020ANNEXURE - CFORM NO. MGT-9EXTRACT OF ANNUAL RETURNas on the financial year ended on March 31, 2020[Pursuant to section 92(3) of the Companies Act, 2013 and rule 12(1) of the Companies(Management and Administration) Rules, 2014]I.Registration and Other Details:CINU01134PN1988PLC045873Registration Date14/01/1988Name of the CompanyBaramati Agro LimitedCategory/Sub-category of the CompanyCategory: Company Limited by SharesSub- Category: Indian Non- Government CompanyAddress of the Registered office and contact detailsAt Post Pimpali, Tal Baramati, Baramati - 413102Tel. No. 02112 663100E-mail: cs@baramatiagro.comWebsite: www.baramatiagro.comWhether listed company (Yes/ No)NoName, Address and Contact details of R&T Agent, if anyLinkIntime India Pvt LtdII.Principal business activities of the Company:All the business activities contributing 10% or more of the total turnover of the company shall be stated:Sr. No.Name and Description ofmain products/ services1.Sugar & Industrial alcohol & other2.Poultry & Poultry Products3.Animal FeedNIC Code of theproduct/ service% of totalturnover of the Company10721/110149.82107528.291080121.89III. Particulars of Holding, Subsidiary and Associate Companies:Sr.No.Name and AddressCIN/GLNthe CompanyHolding/ subsidiary/ % of shares heldAssociateApplicablesection1.Baramati Agro Singapore PteNAWholly-OwnedLtd.Subsidiary105 Cecil Street # 07-01,Octagon, Singapore 0695341002(87)2.Baramati Agro Tanzania LimitedNA103, Kilimo Road, Veterinary,Temeke, P O Box 2166,Dar Es Salaam, Tanzania1002(87)30Wholly-OwnedSubsidiary
32nd Annual Report 2019-2020IV. Shareholding Pattern (Equity share capital break-up as percentage of Total equity):(i) Category-wise shareholding ( ‘Series A’ Equity Shares )Category ofShareholdersNo. of Shares held at the beginningof the year (as on April 01, 2019)% Changeduringthe yearNo. of Shares held at the end of the year(as on March 31, 2020)DematPhysicalTotal% of TotalDematPhysicalTotal% of TotalShares SharesA.Promoters(1) Indiana)Individual/ 4-b)Central Govt---------c)State Govt(s)---------d)Bodies Corp.---------e)Banks / FI---------f)Any ,30,93312.84-Total shareholding ofPromoters (A)B. Public Shareholding(1) Institutionsa)Mutual Funds---------b)Banks / FI---------c)Central Govt---------d)State Govt(s)---------e)Venture Capital Funds---------f)Insurance Companies---------g)FIIs---------h)Foreign Venture CapitalFunds---------Others (specify)---------Sub-total (B)(1):----------20,00,000 2,21,96,25022,18,26,50 2,41,96,250i)(2) Non-Institutionsa)Bodies Corp.i)Indianii)Overseasb)Individuals / HUFi)Individual 18,9682.54----------holdingnominal share capital uptoRs.1 lakhii)Individual shareholdersholding nominal sharecapital in excessof Rs. 1 lakhc)Others (specify)Non Resident IndiansOverseas CorporateBodies---------Foreign Nationals---------Clearing Members---------Trusts---------Foreign Bodies - D R---------20,25,500 2,94,03,2163,14,28,71687.1521,62,2482,92,66,468 3,14,28,71687.15-20,25,500 2,94,03,2163,14,28,71687.1521,62,2482,92,66,468 3,14,28,71687.15Sub-total (B)(2):Total PublicShareholding(B) (B)(1) (B)(2)C. Shares held by Custodianfor GDRs & ADRsGrand Total (A B C)----20,25,500 3,40,34,149-3,60,59,64910021,62,248--3,38,97,401 3,60,59,649-100-31
32nd Annual Report 2019-2020(ii) Category-wise shareholding ( 'Series B' Equity Shares ):Category ofShareholdersNo. of Shares held at the beginningof the year (as on April 01, 2019)% Changeduringthe yearNo. of Shares held at the end of the year(as on March 31, 2020)DematPhysicalTotal% of TotalDematPhysicalTotal% of TotalShares SharesA.Promoters(1) Indiana)Individual/ 2-b)Central Govt---------c)State Govt(s)---------d)Bodies Corp.---------e)Banks / FI---------f)Any ,98,31221.32-Total shareholding ofPromoters (A)B. Public Shareholding(1) Institutionsa)Mutual Funds---------b)Banks / FI---------c)Central Govt---------d)State Govt(s)---------e)Venture Capital Funds---------f)Insurance Companies---------g)FIIs---------h)Foreign Venture CapitalFunds---------Others (specify)---------Sub-total (B)(1):----------i)(2) Non-Institutionsa)Bodies )Individual ngnominal share capital uptoRs.1 lakhii)Individual shareholdersholding nominal sharecapital in excessof Rs. 1 lakhc)Others (specify)Non Resident IndiansOverseas CorporateBodies---------Foreign Nationals---------Clearing Members---------Trusts---------Foreign Bodies - D R---------Sub-total 9,57,94278.68----------Grand Total (A B C) 1,26,56,2541,26,56,2541008,7491,26,47,505 1,26,56,254100Total PublicShareholding(B) (B)(1) (B)(2)C. Shares held by Custodianfor GDRs & ADRs32
32nd Annual Report 2019-2020(iii) Shareholding of Promoters: ('Series A' Equity Shares)Sr.Shareholder's nameNo.Shareholding at the beginning ofthe year (as on April 01, 2019)Shareholding at the endof the year (as on March 31, 2020)No. of shares% of total% of sharesNo. of shares% of total% of sharesshares ofpledged/shares ofpledged/the companyencumberedthe companyencumberedto totalto totalshares shares% changein shareholdingduring theyear1.Rajendra D. Pawar17,27,3984.79-17,27,3984.79--2.3.Rohit R. PawarRajendra D.Pawar 10.44--(iii) (a) Shareholding of Promoters: ('Series B' Equity Shares)Sr.Shareholder's nameNo.Shareholding at the beginning ofthe year (as on April 01, 2019)Shareholding at the endof the year (as on March 31, 2020)% changein shareNo. of shares% of total% of sharesNo. of shares% of total% of sharesholdingshares ofpledged/shares ofpledged/ during thethe companyencumberedthe companyencumberedyearto totalto totalshares shares1.Rohit R. Pawar2.Rajendra D.Pawar 3330.74--(iv) Change in promoters shareholding (Please specify if there is no change): ('Series A' Equity Shares)Sr.No.Shareholding at the beginning of the year(as on April 01, 2019)No. of sharesCumulative shareholding during the year% of total sharesNo. of sharesof the company% of total shares ofthe company1.At the beginning of the year46,30,93312.8446,30,93312.842.Date wise increase/ Decrease inPromoters shareholding during theyear specifying the reasons forincrease/ decrease e.g. allotment/transfer/bonus/ sweat equity etc):At the end of the year46,30,93312.8446,30,93312.84(iv) Change in promoters shareholding (Please specify if there is no change): ('Series B' Equity Shares)Sr.No.Shareholding at the beginning of the year(as on April 01, 2019)No. of shares1.At the beginning of the year2.Date wise increase/ Decrease inPromoters shareholding during theyear specifying the reasons forincrease/ decrease e.g. allotment/transfer/bonus/ sweat equity etc):3.At the end of the year26,98,312Cumulative shareholding during the year% of total sharesNo. of sharesof the company21.3226,98,312% of total shares ofthe company21.32----26,98,31221.3226,98,31221.3233
32nd Annual Report 2019-2020(v) Shareholding Pattern of top ten Shareholders (other than Directors, Promoters and Holders ofGDRs and ADRs): ('Series A' Equity Shares)Sr.No.Shareholding at the beginning of the year(as on April 01, 2019)For Each of the top 10 shareholdersNo. of sharesCumulative shareholding during the year% of total sharesNo. of sharesof the company% of total shares ofthe company1) Rajas Agro Private Limited1.At the beginning of the year2.Date wise Increase / Decrease inShare-holding during the yearspecifying the reasons for increase/decrease (e.g. allotment / transfer/bonus / sweat equity etc):3.At the End of the 69,65,00019.322) Suhit Trading Private Limited1.At the beginning of the year2.Date wise Increase / Decrease inShare holding during the yearspecifying the reasons for increase/ decrease (e.g. allotment / transfer/ bonus/ sweat equity etc):3.At the End of the 69,65,00019.323) Vision IT Education India Pvt. Ltd.1.At the beginning of the year2.Date wise Increase / Decrease inShare holding during the yearspecifying the reasons forincrease / decrease (e.g. allotment/transfer / bonus / sweat equity etc):3.At the End of the 00,0006.934) *Aarvee Cold Chain Logistics Private Limited1.At the beginning of the year2.Date wise Increase / Decrease inShare holding during the yearspecifying the reasons for increase/ decrease (e.g. allotment/transfer / bonus / sweat equity At the End of the year25,00,0006.93*Miracle Agro Products Private Limited is amalgamated into Aarvee Cold Chain Logistics Private Limited.5) Radiant Tradevest Pvt. Ltd.1.At the beginning of the year2.Date wise Increase / Decrease inShare holding during the yearspecifying the reasons forincrease / decrease (e.g. allotment/transfer/ bonus / sweat equity etc):3.At the End of the 00,0005.556) Anshuman Greenfields Pvt. Ltd.1.At the beginning of the year2.Date wise Increase / Decrease inShare holding during the yearspecifying the reasons for increase/ decrease (e.g. allotment/ transfer/ bonus/ sweat equity etc):3.At the End of the 75,0004.097) Ravish Greenfields Pvt. Ltd.1.At the beginning of the year2.7710,00,0002.772.Date wise Increase / Decrease in shareholding during the year specifying thereasons forincrease / decrease (e.g.allotment / transfer / bonus/ sweatequity etc):At the End of the year10,00,0002.77--10,00,0002.773.3410,00,000
32nd Annual Report 2019-2020Sr.No.Shareholding at the beginning of the year(as on April 01, 2019)For Each of the top 10 shareholdersNo. of sharesCumulative shareholding during the year% of total sharesNo. of sharesof the company% of total shares ofthe company8) Dinkar Greenfields Pvt. Ltd.1.At the beginning of the year2.Date wise Increase / Decrease inShare holding during the yearspecifying the reasons for increase/ decrease (e.g. allotment / transfer/ bonus / sweat equity etc):At the End of the ,0001.399) M/s. Venkateshwara Hatcheries Pvt. Ltd.1.At the beginning of the year2.Date wise Increase / Decrease inShare holding during the yearspecifying the reasons for increase/ decrease (e.g. allotment / transfer/ bonus / sweat equity etc):3.At the End of the year1.At the beginning of the year2.Date wise Increase / Decrease inShare holding during the yearspecifying the reasons for increase/ decrease (e.g. allotment / transfer/ bonus / sweat equity etc):3.At the End of the 000.5010) Mr. Kadam Subhash 00,0000.27('Series B' Equity Shares)Sr.No.Shareholding at the beginning of the year(as on April 01, 2019)For Each of the top 10 shareholdersNo. of sharesCumulative shareholding during the year% of total sharesNo. of sharesof the company% of total shares ofthe company1) Rajas Agro Private Limited1.At the beginning of the year40,62,9162.Date wise Increase / Decrease inshare-holding during the yearspecifying the reasons forincrease /decrease (e.g. allotment / transfer /bonus/ sweat equity etc):32.1040,62,91632.10----3.At the End of the year40,62,91632.1040,62,91632.101.At the beginning of the year40,62,91632.1040,62,91632.102.Date wise Increase / Decrease inshare holding during the yearspecifying the reasons forincrease /decrease (e.g. allotment / transfer /bonus/ sweat equity etc):----3.At the End of the year40,62,91632.1040,62,91632.102) Suhit Trading Private Limited3) Anshuman Greenfields Pvt. Ltd.1.At the beginning of the year2.Date wise Increase / Decrease inshareholding during the year specifyingthe reasons forincrease / decrease(e.g. allotment / transfer / bonus/sweat equity etc):3.At the End of the 166.8035
32nd Annual Report 2019-2020('Series B' Equity Shares)Sr.No.Shareholding at the beginning of the year(as on April 01, 2019)For Each of the top 10 shareholdersNo. of sharesCumulative shareholding during the year% of total sharesNo. of sharesof the company% of total shares ofthe company4) Ravish Greenfields Pvt. Ltd.1.2.At the beginning of the yearDate wise Increase / Decrease in shareholding during the year specifying thereasons forincrease / decrease(e.g. allotment / transfer / bonus/sweat equity etc):5,83,333-4.61-5,83,333-3.At the End of the year5,83,3334.615,83,3334.61-4.615) Dinkar Greenfields Pvt. Ltd.1.At the beginning of the year2.Date wise Increase / Decrease in shareholdingduring the year specifying thereasons forincrease / decrease (e.g.allotment / transfer / bonus/ sweatequity etc):3.At the End of the 662.306) Mrs. Sharmila Srinivas Pawar1.At the beginning of the year2.Date wise Increase / Decrease in shareholding during the year specifying thereasons forincrease / decrease (e.g.allotment / transfer / bonus/ sweatequity etc):3.At the End of the year14,8750.1114,8750.11----14,8750.1114,8750.117) Mr.Shrinivas Anantrao Pawar1.At the beginning of the year2.Date wise Increase / Decrease inshareholding during the year specifyingthe reasons forincrease / decrease (e.g.allotment / transfer / bonus/ sweatequity etc): -3.At the End of the 910.05----7,2910.057,2910.058) Taware Balasaheb Patil1.At the beginning of the year2.Date wise Increase / Decrease in shareholding during the year specifying thereasons forincrease / decrease (e.g.allotment / transfer / bonus/ sweatequity etc):3.At the End of the year1.At the beginning of the year2.Date wise Increase / Decrease in shareholding during the year specifying thereasons forincrease / decrease (e.g.allotment / transfer / bonus/ sweatequity etc):3.At the End of the year9) Taware Prafulla Bhimdeo36
32nd Annual Report 2019-2020Sr.No.Shareholding at the beginning of the year(as on April 01, 2019)For Each of the top 10 shareholdersNo. of sharesCumulative shareholding during the year% of total sharesNo. of sharesof the company% of total shares ofthe company10) Ajay Syscon Pvt Ltd1.At the beginning of the year2.Date wise Increase / Decrease inshareholding during the yearspecifying the reasons forincrease /decrease (e.g. allotment / transfer /bonus/ sweat equity etc):3.At the End of the year5,8330.055,8330.05----5,8330.055,8330.05(vi) Shareholding of Directors and Key Managerial Personnel:( ‘Series A’ Equity Shares)Sr.No.Shareholding at the beginning of the year(as on April 01, 2019)For each Directors and KMPNo. of sharesCumulative shareholding during the year% of total sharesNo. of sharesof the company% of total shares ofthe company1) Mr. Rajendra Dinkarrao Pawar, Chairman & Managing Director1.2.3.At the beginning of the yearDate wise Increase /Decrease in shareholding during the year specifying thereasons for increase /decrease(e.g. allotment / transfer /bonus/ sweatequity etc):At the End of the 84.79-4.792) Mr. Rohit Rajendra Pawar, Whole-Time Director1.At the beginning of the year2.Date wise Increase /Decrease in shareholding during the year specifying thereasons for increase /decrease (e.g.allotment / transfer / bonus/ sweatequity etc):27,43,5357.6127,43,535---3.At the End of the year1.*At the beginning of the year(1500 Shares are jointly held with Mrs.Vanita Gulve*2,0002.Date wise Increase /Decrease in shareholding during the year specifying thereasons for increase /decrease(e.g. allotment / transfer / bonus/sweat equity etc):3.At the End of the 055----*2,0000.0055*2,0000.00553) Mr. Subhash J. Gulve, Director4) Mr .Rafique T Bhori, Independent Director1.At the beginning of the year----2.Date wise Increase /Decrease inshare holding during the year specifyingthe reasons for increase /decrease (e.g.allotment / transfer/ bonus/ sweatequity etc):At the End of the year--------3.37
32nd Annual Report 2019-20205) Mrs.Vijaya Hiremath, Independent Director1.At the beginning of the year*7,500* 4500 shares are held jointly withMr.Shivyogi Hiremath2.Date wise Increase /Decrease in shareholding during the year specifying thereasons for increase /decrease (e.g.allotment / transfer/ bonus/ sweatequity etc)0.055*75000.055---3.At the End of the year0.055*75000.0551.At the beginning of the year----2.Date wise Increase /Decrease inshare holding during the yearspecifying the reasons for increase /decrease (e.g. allotment / transfer/bonus/ sweat equity etc):----3.At the End of the year----*7,5006) Mr. Rishikesh N Dabhade, Director7) Mr. Subhash M. Kore, Chief Financial Officer (CFO)1.At the beginning of the year* The shares are held jointly withMrs. Suvarna Subhash Kore2.3.Date wise Increase /Decrease in shareholding during the year specifying thereasons for increase /decrease (e.g.allotment / transfer/ bonus/ sweatequity etc):At the End of the year1.At the beginning of the year2.Date wise Increase /Decrease in shareholding during the year specifying thereasons for increase /decrease (e.g.allotment / transfer/ bonus/ sweatequity etc):3.At the End of the year*9,0000.025*9,0000.025*9,0000.025*9,0000.0258) Mr. Devendra Kulkarni, Company Secretary--------(vii) Shareholding of Directors and Key Managerial Personnel: ( ‘Series B’ Equity Shares)Sr.No.Shareholding at the beginning of the year(as on April 01, 2019)For each Directors and KMPNo. of sharesCumulative shareholding during the year% of total sharesNo. of sharesof the company% of total shares ofthe company1) Mr.Rajendra Dinkarrao Pawar, Chairman & Managing Director1.At the beginning of the year----2.Date wise Increase /Decrease in shareholding during the year specifying thereasons for increase /decrease (e.g.allotment / transfer /bonus/ sweat equityetc):----3.At the End of the year----2) Mr. Rohit Rajendra Pawar, Whole-Time Director1.At the beginning of the year2.Date wise Increase /Decrease in shareholding during the year specifying thereasons for increase /decrease (e.g.allotment / transfer / bonus/ sweatequity etc):3.At the End of the 5826,04,97920.58
32nd Annual Report 2019-2020Sr.No.Shareholding at the beginning of the year(as on April 01, 2019)For each Directors and KMPNo. of sharesCumulative shareholding during the year% of total sharesNo. of sharesof the company% of total shares ofthe company3) Mr. Subhash Jagannath Gulve, Director1.At the beginning of the year----2.Date wise Increase /Decrease in shareholding during the year specifying thereasons for increase /decrease (e.g.allotment / transfer/ bonus/ sweatequity etc):----3.At the End of the year----1,6800.014) Mrs. Vijaya Hiremath, Independent Director1.At the beginning of the year2.Date wise Increase /Decrease in shareholding during the year specifying thereasons for increase /decrease (e.g.allotment / transfer/ bonus/ sweatequity etc):3.At the End of the year1,6800.01----1,6800.011,6800.015) Mr. Rafiuqe Bhori, Independent Director1.At the beginning of the year----2.Date wise Increase /Decrease in shareholding during the year specifying thereasons for increase /decrease(e.g. allotment / transfer /bonus/sweat equity etc):----3.At the End of the year----1.At the beginning of the year----2.Date wise Increase /Decrease in shareholding during the year specifying thereasons for increase /decrease(e.g. allotment / transfer /bonus/sweat equity etc):----3.At the End of the year----1.At the beginning of the year----2.Date wise Increase /Decrease in shareholding during the year specifying thereasons for increase /decrease(e.g. allotment / transfer /bonus/sweat equity etc):----3.At the End of the year----1.At the beginning of the year0.04*5,2490.042.Date wise Increase /Decrease in shareholding during the year specifying thereasons for increase /decrease (e.g.allotment / transfer/ bonus/ sweatequity etc):At the End of the year*5,2490.04--*5,2490.046) Mr. Rishikesh Dabhade, Director7) Mr. Devendra Kulkarni, Company Secretary8) Mr. Subhash M. Kore, Chief Financial Officer (CFO)3.*5,249* The shares are held jointly with Mrs. Suvarna Subhash Kore39
32nd Annual Report 2019-2020V.INDEBTEDNESS:Indebtedness of the Company including interest outstanding/accrued but not due for paymentParticularsSecured Loansexcludingdeposits UnsecuredDepositsLoans TotalIndebtedness Indebtedness at the beginning of thefinancial yeari) Principal Amountii) Interest due but not paidiii) Interest accrued but not dueTotal (i ii ,44,85,000580,93,59,000--580,93,59,000Change in Indebtedness during thefinancial year Addition-- Reduction-159,95,87,000--159,95,87,000Net Change-159,95,87,000-159,95,87,000Indebtedness at theend of the financial year--i) Principal Amount--419,36,55,000419,36,55,000ii) Interest due but not paidiii) Interest accrued but not dueTotal (i ii 72,000VI. Remuneration to Managing Director or Whole-time Director or Manager:A.Remuneration to Managing Director, Whole-time Directors and/or Manager:Sr. Particulars of RemunerationNo.1.Gross salaryMr. Rajendra D. Pawar,Chairman & ManagingDirector ( )Mr. Rohit R. Pawar,Whole-Time Director( )TotalAmount( 00,0003,92,53,800NILNILNIL(a) Salary as per provisionscontained in section 17(1) of theIncome Tax Act, 1961(b) Value of perquisites u/s 17(2)of Income Tax Act, 1961(c) Profits in lieu of salary undersection 17(3) of Income TaxAct, 1961NILNILNIL2.Stock Option---3.Sweat Equity---4.Commission- others, rs, please specify---Total (A)3,77,53,8003,75,00,0007,52,53,800- as % of profit5.Ceiling as per the ActRemuneration paid to the Managing Director and the Whole-Time Director is in accordance with theCompanies Act, 2013 and Rules made thereunder40
32nd Annual Report 2019-2020B.Remuneration to Other Directors:Sr.Particulars ofFee for d/ committee(in )pleaseamountmeetings (in ) specify(in )1.Independent DirectorsMr.Rafique Bhori28,00028,000Mrs.Vijaya Hiremath28,00028,000Total (1)56,00056,0002.Other Non-Executive Directors(2)Mr.Rishikesh Dabhade28,00028,000Mr. Subhash J Gulve18,00,00018,00,000Total (1 2)84,00018,00,00018,84,000Total Managerial Remuneration7,71,37,800(A B)Overall Ceiling as per the ActSitting Fees paid to all the Non-Executive Directors was within the limitsas prescribed under the ActC.Remuneration To Key Managerial Personnel other than MD / Manager/ WTD:Sr.Particulars of RemunerationNo.1.2.3.4.5.Mr. DevendraKulkarniKey Managerial PersonnelMr. Subhash M. KoreCFOTotalCompany SecretaryGross salary(a) Salary as per provisionscontained in section 17(1) ofthe Income Tax Act, 1961(b) Value of perquisites u/s 17(2)of Income Tax Act, 1961(c) Profits in lieu of salary undersection 17(3) of IncomeTax Act, 1961Stock optionSweat EquityCommission-as % of net profit-others specifyOthers (Please --10,71,04817,61,06628,32,11441
32nd Annual Report 2019-2020VII. Penalties/ Punishment/ Compounding of offences : There were no penalties, punishment or compounding ofoffences for the year ended March 31,2020.TypeSection of theBrief description Details of Penalty/companies ActPunishment/Compoundingfees imposedA. g------------NONE-----------------B. ing------------NONE-----------------C. Other Officers In LT/Court]Appeal made. Ifany (give ---------------------------------------For and on behalf of the Board of DirectorsBaramati Agro LimitedRajendra D. PawarChairman & Managing DirectorDIN: 00226848Place: PuneDate: 11.11.202042
32nd Annual Report 2019-2020 30 ANNEXURE - C FORM NO. MGT-9 EXTRACT OF ANNUAL RETURN as on the financial year ended on March 31, 2020 [Pursuant to section 92(3) of the Companies Act, 2013 and rule 12(1) of the Companies (Management and Administration) Rules, 2014]
