Shareholders Information

Company Registration Details:

The Company is registered in the State of West Bengal, India. The Corporate Identity Number (CIN) allotted to the Company by the Ministry of Corporate Affairs (MCA) is L01132WB1900PLC000292.

Annual General Meeting
Day Friday
Date 25th August, 2023
Time 11.30 a.m.
Venue AGM shall be held through Video Conferencing or Other Audio Visual Means in compliance with SEBI / MCA circulars without the physical presence of members at a common venue. The proceedings of the AGM shall be deemed to be conducted at the Registered office of the Company which shall be deemed venue of the AGM.
Financial Year
1st April to 31st March 2023
Tentative Financial Calendar
June 30, 2023 Second week of August, 2023
September 30, 2023 Second week of November, 2023
3December 31, 2023 Within May, 2024
March 31, 2024 Within May, 2023
Book Closure dates
Day Date To Day Date
Saturday 19th August, 2023 Friday 25th August, 2023

Listing of Equity Shares / Debentures on Stock Exchanges

Equity Shares:

BSE Limited (BSE)
Phiroze Jeejeebhoy Towers,
Dalal Street, Mumbai 400 001
Scrip Code : 538092

The Calcutta Stock Exchange Ltd.:

7, Lyons Range,
Kolkata-700 001
Scrip Code : 10020009

Wholesale Debt Market Segment of BSE Limited

BSE Limited (BSE)

Phiroze Jeejeebhoy Towers, Dalal Street,
Mumbai 400 001
Scrip Code : 974704

Payment of Listing Fees:

Annual listing fee for the year 2023-24 has been paid by the company to BSE and CSE Limited.

ISIN No. for the Company’s Listed Securities:
Equity Shares in Demat Form INE574G01013
NCDs in Demat Form INE574G07010

Stock Market Performance

There were no transactions in the equity shares of the Company at The Calcutta Stock Exchange, hence there is no monthly high and low quotations and volume of shares traded on the Stock Exchange during the year. However, the month-wise high, low of the market price of the Company’s shares traded on BSE along with month-wise high, low of the BSE SENSEX are as under:

Months Stock Price at BSE BSE SENSEX
High Low High Low
April, 2022 97.95 82.70 60845.10 56009.07
May, 2022 94.00 75.10 57184.21 52632.48
June, 2022 94.70 72.25 56432.65 50921.22
July, 2022 87.00 67.30 57619.27 52094.25
August, 2022 83.90 70.20 60411.20 57367.47
September, 2022 91.60 73.70 60676.12 56147.23
October, 2022 96.00 79.05 60786.70 56683.40
November, 2022 98.90 77.60 63303.01 60425.47
December, 2022 83.50 76.05 63583.07 59754.10
January, 2023 95.95 73.10 61343.96 58699.20
February, 2023 82.50 73.85 61682.25 58795.97
March, 2023 79.00 68.00 60498.48 57084.91

Registrar And Share Transfer Agent

Equity Shares and Non-Convertible Securities

M/s. Maheshwari Datamatics Pvt. Ltd.

23, R.N. Mukherjee Road, 5th Floor,
Kolkata 700 001,
Phone: (033) 2248-2248
Fax No.:(033) 2248-4787
E-mail : mdpldc@yahoo.com

Share Transfer System

To enhance ease of dealing in securities markets by investors, SEBI has decided that listed companies shall henceforth issue the securities in dematerialized form only (vide Gazette Notification no. SEBI / LADNRO / GN /2022 / 66 dated January 24, 2022) while processing the service request mentioned in above notification (viz. Issue of duplicate securities certificates, Claim from Unclaimed Suspense Account, Transmission, Transposition, etc.). The transmission or transposition of shares are being processed by the Registrar and Share Transfer Agents, and approved by the Stakeholders Relationship Committee.

Shareholding Pattern by Size as on March 31, 2023
CATEGORY NO. OF SHARES HELD % OF SHARE CAPITAL
A. PROMOTER’S HOLDING
1 Promoters
a. Indian Promoters 6204526 74.8941
Sub Total 6204526 74.8941
B. NON-PROMOTER’S HOLDING
2 Institutional Investors
a. Banks, Financial Institutions, Insurance Companies 198018 2.3903
Sub Total 198018 2.3903
3 OTHERS
a. Bodies Corporate 117146 1.4141
b. Indian Public 1616574 19.5135
c. NRIs / OCBs 1668 0.0200
d. HUF 49954 0.6030
e. Foreign Nationals 14062 0.1697
f. IEPF 82014 0.9900
g. Clearing Member 200 0.0024
h. Custodian of enemy property 240 0.0029
Total 1881858 22.7156
GRAND TOTAL 8284402 100.0000
Shareholding Pattern by Size as on March 31, 2022
No. of Equity Shares Held No. of Shareholders % of Shareholders No. of Shares Held % of Shareholding
Upto 500 2974 91.4233 222147 2.6815
501 to 1000 120 3.6888 87062 1.0509
1001 to 2000 63 1.9367 8917 1.0733
2001 to 3000 17 0.5226 43716 0.5277
3001 to 4000 14 0.4304 47900 0.5782
4001 to 5000 10 0.3074 44654 0.5390
5001 to 10000 24 0.7378 181744 2.1938
10001 and above 31 0.9530 7568262 91.3556
GRAND TOTAL 3253 100.0000 8284402 100.0000

Distribution of Shareholding as on March 31, 2023:

Category No. of Shareholders % of Shareholders No. of Shares Held % of Shareholders
Upto 500 2880 91.1104 222071 2.6806
501 to 1000 122 3.8595 91419 1.1035
1001 to 2000 62 1.9614 85600 1.0333
2001 to 3000 20 0.6327 51026 0.6159
3001 to 4000 14 0.4429 47454 0.5728
4001 to 5000 9 0.2847 41412 0.4999
5001 to 10000 22 0.6960 171281 2.0675
10001 and above 32 1.0123 7574139 91.4265
GRAND TOTAL 3161 100.0000 8284402 100.0000

Dematerialisation of Shares And Liquidity

The trading in Company’s shares on the Stock Exchange is permitted only in dematerialized form. In order to enable the shareholders to hold their share in electronic form and to facilitate scripless trading, the Company has entered into agreements with National Securities Depository Limited (NSDL) and Central Depository Services (India) Limited (CDSL) whereby shareholders have the option to dematerialize their shares with either of the Depositories.

As stipulated by SEBI, a practicing Company Secretary carries out the Reconciliation of Share Capital Audit on quarterly basis to reconcile the total admitted capital with National Securities Depository Limited (NSDL) and Central Depository Services (India) Limited (CDSL) and the total issued and listed capital and the same is deposited with stock exchanges within the stipulated time period.

Status of Dematerialisation as on 31st March, 2023 was as under:

Particulars No. of Shares % to Total Capital No. of Accounts
National Securities Depository Limited 4962507 59.90 1425
Central Depository Services (India) Limited 3217290 38.84 1127
?Total Dematerialised 8179797 98.74 2552
Physical 104605 1.26 894
Grand Total 8284402 100.0000 3446

Issue of Non-Convertible Redeemable Preference Shares

The Board of Directors at their meeting held on November 11, 2022 and Members through Postal Ballot held on December 25, 2022 had approved fund raising for an issue size of up to ` 25 crores, through preferential issue on private placement basis to the Promoter/Promoter Group/Other Related Parties, in accordance with applicable law, including the Companies Act, 2013 and the rules made thereunder and the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018.

Further, the Issue & Allotment Committee of the Board of Directors in their meeting held on 3rd January, 2023 had approved the following terms of the issue:

a) Issue Price: Rs. 100/- per fully paid-up non-convertible redeemable preference share at par.

b) Terms and payment of issue price: The full amount of issue price being 100/- per non-convertible redeemable preference share payable on application.

c) Issue Opened on: Friday, January 27, 2023

d) Issue Closing Date: Friday, February 10, 2023

Further, the Issue & Allotment Committee at its meeting held on 2nd February, 2023 approved the allotment of 24,00,000 non-convertible redeemable preference shares on private placement basis.

Post preferential issue, the paid-up share capital of the Company is 32,28,44,020 i.e. 82,84,402 equity shares of 10 each and 24,00,000 non-convertible redeemable preference shares of 100 each.

Issue of Non-Convertible Debentures

The Board of Directors at their meeting held on November 11, 2022 and Members through Postal Ballot held on December 25, 2022 had approved fund raising for an issue size of up to ` 50 crores, through issue of non-convertible debentures on private placement basis to the Promoter/Promoter Group/Other Related Parties, in accordance with applicable law, including the Companies Act, 2013 and the rules made thereunder and the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018.

Further, the Issue & Allotment Committee of the Board of Directors in their meeting held on 20th March, 2023 had approved the following terms of the issue:

a) Instrument: Rated, Listed, Senior, Secured, Redeemable, Non-Convertible Debentures (“Debentures”/” “NCDs”)

b) Issue Size and Price: Upto 2500 Non-Convertible Debentures of Rs.1,00,000/- each.

c) ISIN: INE574G07010

d) Issue Opened on: Tuesday, March 21, 2023

d) Issue Closing Date: Wednesday, March 22, 2023

Further, the Issue & Allotment Committee at its meeting held on 22nd March, 2023 approved the allotment of 2300 non-convertible debentures on private placement basis.

Outstanding GDRs / ADRs / Warrants or any Convertible Instruments, Conversion date and likely impact on Equity:

The Company did not have any outstanding GDRs / ADRs / Warrants or Convertible Instruments as on 31st March, 2023.

Locations

Tea / Coffee/ Rubber Estates and Factories are located at

Tea

Joonktollee Tea Estate
P.O. Barbam - 786 624
Dist. Dibrugarh, Assam
Jamirah Tea Estate
P.O. Dibrugarh - 786 001
Dist. Dibrugarh, Assam
Shree Ganga Tea Estate
P.O. Barbam - 786 624
Dist. Dibrugarh, Assam
Nilmoni Tea Estate
P.O. Tinkhong - 786 112
Rajgarh, Assam
Goomankhan Tea Estate
Hirebile P.O.577 121
Dist. Chikmagalur, Karnataka
Pullikanam Tea Estate
Vagamon Post
P.O. Pullikanam - 685 503
Dist. Idukki, Kerala
Kolahalmedu Tea Estate
Vagamon Post
P.O. Pullikanam - 685 503
Dist. Idukki, Kerala
Azizbagh Tea Estate
Rajgarh - 786611
Dist. Dibrugarh, Assam

Coffee

Cowcoody Estate
Somwarpet - 571236
Dist. Coorg, Karnataka

Rubber

Chemoni Rubber Estate
P.O. Palapilly - 680304
Dist. Trichur, Kerala
Pudukad Rubber Estate
P.O. Palapilly - 680304
Dist. Trichur, Kerala
Echipara Rubber Estate
P.O. Palapilly - 680304
Dist. Trichur, Kerala

Administrative Office

Cowcoody Chambers
234-A, Race Course Road
Coimbatore - 641 018
Tamil Nadu

Address for Correspondence

Registrar & Share Transfer Agents

M/s. Maheshwari Datamatics Pvt. Ltd.

23, R.N. Mukherjee Road, 5th Floor,
Kolkata 700 001,
Phone: (033) 2248-2248
Fax No.:(033) 2248-4787
E-mail : mdpldc@yahoo.com

Registered Office

Shri Vasuprada Plantations Ltd.

21, Strand Road,
Kolkata – 700 001,
Phone: 033-2230-9601
Fax No.:033-2210-6495
E-mail : info@joonktolleetea.in / investors@joonktollee tea.in

Credit Ratings

CARE has re-affirmed the rating of BB+ / Stable for the bank facilities of the Company.

Credit Ratings obtained by the Company during the financial year 2022-23 are as follows:

Rating Agency Size of Issue (million) Instrument Type Rating Date of Rating Rating Action
India Ratings & Research Pvt. Ltd. INR 500 Non-Convertible Debentures IND B+/Stable 5th January, 2023 Assigned

Debenture Trustee Details

Particulars Debenture Trustee
Name of Organisation Vardhman Trusteeship Pvt Ltd.
Name of Contact Person Mr. Rushabh Desai
Designation / Department Legal, Compliance & Operations
Address The Capital, A Wing, 412A, Bandra Kurla Complex, Bandra (East), Mumbai – 400 051
Tel No. 022 - 4264 - 8335
Email Address corporate@vardhmantrustee.com
Website vardhmantrustee.com

TRANSFER OF UNCLAIMED AMOUNTS / SHARES TO THE INVESTOR EDUCATION AND PROTECTION FUND (IEPF):

In accordance with the provisions of Sections 124, 125 of the Act, read with the IEPF (Accounting, Audit, Transfer and Refund) Rules, 2016 (hereinafter referred to as “IEPF Rules”) the amount of dividend or any other amount remaining unclaimed or unpaid for a period of seven years is required to be transferred to the IEPF. Further, all the shares in respect of which dividend remained unclaimed or unpaid for seven consecutive years or more, shall also be transferred to the Demat Account of the IEPF Authority.

In pursuance of the above, the dividend remaining unclaimed or unpaid in respect of dividends declared for FY 2014-15, had been transferred to the IEPF during FY 2022-23. Consequently, shares in respect of which dividend(s) remained unclaimed or unpaid from FY 2014-15 till FY 2021-22 were also transferred to IEPF. The details of the unclaimed dividends and shares so transferred are available on the Company’s website svpl.in

In the interest of the shareholders, the Company sends periodical reminders to the shareholders to claim their dividends to avoid the transfer of dividends/shares to the IEPF Authority. Notices in this regard are also published in the newspapers and the details of unclaimed dividends and shareholders whose shares are liable to be transferred to the IEPF Authority, are uploaded on the Company’s website unpaid dividend

It may be noted that the unclaimed dividend for FY 2015-16 declared on August 30, 2016, along with underlying shares, are due to be transferred to the IEPF by August, 2023. Members who have not encashed the dividend warrant(s) from FY 2015-16, onwards may forward their claims to the Company’s Registrar and Transfer Agents before August 25, 2023, to avoid any transfer of dividend or shares to the IEPF Authority.

The shares and unclaimed dividends transferred to the IEPF can however be claimed back by the concerned shareholders from IEPF Authority after complying with the procedure prescribed under the IEPF Rules. The Member / Claimant is required to make an online application to the IEPF Authority in e-Form No. IEPF -5 (available on www.iepf.gov.in) and submit the required documents to the Company.

Mr. Sharad Bagree, Company Secretary is the Nodal Officer for IEPF related matters.

During the year under review there are no shares in the demat suspense account or unclaimed suspense account of the Company.

Corporate Governance Compliance Certificate:

Certificate from Ms. Sweety Kapoor, a practicing Company Secretary, confirming compliance with the relevant provisions of the Securities and Exchange Board of India (Listing Obligations & Disclosure Requirements) Regulations, 2015 (‘Listing Regulations’) as referred in Regulation 15(2) of the Listing Regulations for the financial year ended 31st March, 2023 is attached to the Corporate Governance Report forming part of the Directors’ Report.